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
1.27
Ongoing charge plus performance fee (%)
1.27
Ongoing charge date
30/09/2023
Management agreement
The Investment Manager will be entitled to a management fee payable by the company equal to 1% p.a. of the Company's NAV on the first GBP 200m and 0.75% p.a. of NAV thereafter, payable quarterly in arrears. The management fee and any interest costs associated with the gearing will be charged as to 50% to the revenue account and as to 50% to the capital reserve. The management contract is terminable on 6 months notice.
Performance fee
No
Data provided by Morningstar.
Company documents provided by FE fundinfo.