Ongoing charge plus performance fee (%)
Ongoing charge date
Management agreement
The annual management fee is as follows: 0.70% on the first GBP 100m of net assets, 0.55% on the next GBP 900m of net assets and 0.50% for net assets in excess of GBP 1bn. The fee will be calculated and paid on a quarterly basis.The Investment Management Agreement may be terminated by either the Company or the Investment Manager on not less than notice period of six months to the other party.
Performance fee

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

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