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Charges

Ongoing charge (%)
2.69
Ongoing charge plus performance fee (%)
2.69
Ongoing charge date
30/06/2023
Download the AIC ongoing charge methodology
Management agreement
The AIFM Agreement provides that the company will pay to the AIFM an asset management fee as follows: (a) an initial one-off fee of GBP 12,000; (b) a monthly fee of GBP 6,000; and (c) GBP 1,000 per investment committee meeting. The AIFM Agreement is terminable by any of the parties to them on 6 months written notice. The Investment Advisory Agreement provides that the company will pay to the Investment Adviser a fee (payable monthly in arrears) calculated at the rate of: (i) 1% p.a. of the adjusted NAV up to, and including, GBP 250m; (ii) 0.90% p.a. of the adjusted NAV in excess of GBP 250m and up to and including GBP 500m; (iii) 0.75% p.a. of the adjusted NAV in excess of GBP 500m and up to and including GBP 1bn; (iv) 0.50% p.a. of the adjusted NAV in excess of GBP 1bn and up to and including GBP 2bn; (v) 0.40% p.a. of the Adjusted NAV in excess of GBP 2bn.

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

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