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A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.
Overview
Performance
Portfolio
ESG
Dividends
Charges
Gearing
Research
Announcements
Management
Documents
Invest
Charges
0.73
Ongoing charge plus performance fee (%)
0.73
Ongoing charge date
31/03/2023
Management agreement
The fee for the period under review was a fixed fee of GBP 4.09m plus an ad valorem fee of 0.20% pa based on the NAV on the last day of March, June, September and December, payable quarterly in advance. Performance fee will be charged at 15% of outperformance of benchmark plus 1% hurdle.
Performance fee
Yes
Performance fee rate
15
Performance fee details
A performance fee is payable if the Groups total return is greater than that of the Funds benchmark plus a hurdle of 1% over the accounting period. The fee is calculated at 15% of any such differences in total return figures, but is capped at 1.5% of the adjusted NAV. If, in any period, the Funds total investment return underperforms its benchmark, the maximum performance fee payable will be limited to 1% of the adjusted NAV.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
