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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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Charges
Ongoing charge plus performance fee (%)
1.64
Ongoing charge date
30/06/2023
Management agreement
Under the terms of the Investment Management Agreement, no fixed management fee is payable by the company to the Investment Manager. The Investment Manager is entitled to receive a performance fee subject to meeting the relevant performance criteria. Performance Fee: 30% of outperformance (Capped) measured over 3 year discrete periods.
Performance fee
Yes
Performance fee rate
30
Performance fee details
The performance fee is calculated at a rate of 30% of the excess returns between adjusted NAV per share on the last day of the performance period and the MSCI India IMI Index (Sterling) over the performance period, adjusted for the weighted average number of Ordinary Shares in issue during the performance period.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
