Downing FOUR VCT Generalist shares | Charges & gearing

Overview

Performance

Data as at: 15/01/2021

Company website

Charges

AIC ongoing charge (%)

2.14

AIC ongoing charge plus performance fee (%)

2.14

AIC ongoing charge date

31/03/2020

Download the AIC ongoing charge methodology

Management agreement

The Manager receives an annual fee of 2.0% of the NAV. The annual running costs are capped at 3.0% of NA. Performance fee is being set at 20% of dividends paid when total returns are above the Hurdle, with effect from 2021 onwards. For the Hurdle to be met, the shares must have a total return in excess of GBP 1 for the years ended 31-Mar-18, 31-Mar-19 and 31-Mar-20. For subsequent years, the total return hurdle increases by 3p p.a. such that for the year ended 31-Mar-21 the Total Return hurdle will be GBP 1.03, for the year ended 31-Mar-22 the hurdle will be GBP 1.06, for the year ended 31-Mar-23 the hurdle will be GBP 1.09 etc.