Charges

Ongoing charge plus performance fee (%)
1.35
Ongoing charge date
30/11/2021
Management agreement
BlackRock receives an annual management fee of 0.35% of the gross value p.a.. 15% of the outperformance of the net asset value total return against the benchmark index, measured on an annualised two year rolling average basis. The performance fee is effectively capped at 0.9%. The contract is terminable on 6 months notice.
Performance fee
Yes
Performance fee rate
15
Performance fee details
The performance fee is 15% of NAV total return outperformance of the Benchmark Index measured on a two-year rolling basis and is applied on the average Gross Assets over two years.

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

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FE fundinfo logo Company documents provided by FE fundinfo.