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Charges

Ongoing charge (%)
1.77
Ongoing charge plus performance fee (%)
1.77
Ongoing charge date
31/12/2022
Download the AIC ongoing charge methodology
This company is a fund of funds.
Management agreement
The Investment Manager receives a management fee, accrued monthly and payable quarterly, calculated at the annual rate of 1.5% of the NAV. The Performance Fee is calculated in respect of each Calculation Period. Performance Fee is deemed to accrue on a monthly basis as at each Valuation Day. For each Calculation Period, the Performance Fee is equal to 20% of the appreciation in the NAV per share during that Calculation Period above the previous high NAV per Share of the relevant class. The Base NAV per Share is the highest NAV per Share achieved as at the end of any previous Calculation Period.
Performance fee
Yes
Performance fee rate
20
Performance fee details
Performance Fee is deemed to accrue on a monthly basis as at each Valuation Day. For each Calculation Period, the Performance Fee is equal to 20% of the appreciation in the NAV per share during that Calculation Period above the previous high NAV per Share of the relevant class. The Base NAV per Share is the highest NAV per Share achieved as at the end of any previous Calculation Period.

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

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