Ongoing charge plus performance fee (%)
Ongoing charge date
Management agreement
The annual management fee of (i) 0.75 % of NAV on the first GBP 50m ; plus (ii) 0.65 % of NAV between GBP50m and GBP250m; plus (iii) 0.55% of NAV in excess of GBP250m. This is calculated and payable on a quarterly basis. The Investment Management Agreement can be terminated on three months notice.
Performance fee

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

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