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Downing FOUR VCT Generalist shares

data as at: 06/08/2020


Company website
AIC ongoing charge (%)1.44
AIC ongoing charge plus performance fee (%)1.44
AIC ongoing charge date31/03/2019
Download the AIC ongoing charge methodology
Management agreementThe 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.

Data provided by Morningstar. Company documents provided by FE fundinfo. 

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