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A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.
Overview
Performance
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ESG
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Invest
Charges
Ongoing charge plus performance fee (%)
1.1
Ongoing charge date
31/12/2023
Management agreement
The Investment Adviser is entitled to a management fee of: i) 0.75% p.a. of NAV (plus VAT) of the Company up to EUR 300m; ii) 0.65% p.a. of NAV (plus VAT) of the Company between EUR 300m and 500m; and iii) 0.55% p.a. of NAV (plus VAT) of the Company above EUR 500m. During the first two years of its appointment, the Investment Adviser has undertaken to apply its fee (net of any applicable tax) in subscribing for, or acquiring, Ordinary Shares.
Performance fee
No
Data provided by Morningstar.
Company documents provided by FE fundinfo.
