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
2.69
Ongoing charge plus performance fee (%)
2.69
Ongoing charge date
30/06/2023
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.
Data provided by Morningstar.
Company documents provided by FE fundinfo.