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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
0.62
Ongoing charge plus performance fee (%)
0.62
Ongoing charge date
31/12/2023
Management agreement
Under the terms of the Management Agreement with Towers Watson Investment Management (Ireland) Limited, the AIFM will be entitled to a management fee together with reimbursement of reasonable expenses incurred. The fee equates to the sum of (i) GBP 1.5m p.a. plus 0.055% p.a. of the market capitalisation of the Trust after deduction of (a) the value of non-core assets, (b) the value of the Trust’s subsidiaries; (ii) such fees as are agreed from time to time by the Trust in respect of third-party managers; and (iii) fees paid to the managers/administrators of non-core assets. No performance fees are payable. The Management Agreement may be terminated by either party on not less than notice period of six months.
Performance fee
No
Data provided by Morningstar.
Company documents provided by FE fundinfo.
