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Downing Strategic Micro-Cap

data as at: 22/10/2020

Charges

Company website
AIC ongoing charge (%)1.83
AIC ongoing charge plus performance fee (%)1.83
AIC ongoing charge date29/02/2020
Download the AIC ongoing charge methodology
Management agreementInvestment Manager is entitled to a management fee together with reimbursement of reasonable charges or expenses incurred by it in the performance of its duties. The investment management fee is calculated as 1/12th of 1% of the market capitalisation and payable on a monthly basis in arrears. The Investment Management Agreement is for a minimum term of three years and is terminable by either the company or the Investment Manager giving the other not less than 6 months’ written notice, such notice not to expire prior to the expiry of the three-year minimum term. The Investment Manager has agreed that, for so long as it remains as the investment manager, it will rebate such part of any management fee payable to it so as to help the company maintain an ongoing charges ratio of 2% or lower. No performance fee is payable to the Investment Manager.

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

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