Ongoing charge plus performance fee (%)
Ongoing charge date
Management agreement
The annual fee is 0.45% p.a. up to GBP100m and 0.40% p.a. over GBP100m of the net assets, calculated monthly and paid quarterly. The fee is allocated 50% to revenue and 50% to capital. The agreement is terminable on no less than notice period of 6 months from either side.
Performance fee

A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.

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