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A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.
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Ongoing charge plus performance fee (%)
2.3
Ongoing charge date
31/12/2023
Management agreement
The annual fee will be 1% p.a. for Derived Debt and 0.5% p.a. for Derived Equity and Eligible Private Equity. The performance fee rate will be 15% for Derived Debt, with a hurdle rate of 6% net of fees. For Derived Equities and Eligible Private Equity, the performance fee rate remains at 20% with the hurdle rate of 8% net of fees. Overall fees payable by the Company to the Investment Manager and Investment Advisor will be capped at 3% p.a. of Net Asset Value.
Performance fee
Yes
Performance fee rate
20
Performance fee details
The performance fee rate will be 15% for Derived Debt, with a hurdle rate of 6% net of fees. For Derived Equities and Eligible Private Equity, the performance fee rate remains at 20% with the hurdle rate of 8% net of fees. Overall fees payable by the Company to the Investment Manager and Investment Advisor will be capped at 3% p.a. of Net Asset Value.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
