Ongoing charge plus performance fee (%)
Ongoing charge date
Management agreement
For the provision of alternative investment fund management services under the AIFM Agreement, Gresham House is entitled to receive an annual fee to be calculated as percentages of the NAV of the company (1% on the first GBP 250m of NAV, 0.9% on NAV in excess of GBP 250m and up to and including GBP 500m and 0.8% on NAV in excess of GBP 500m, exclusive of VAT).
Performance fee

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

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