BH Macro | Charges

2.14

2.14

31/12/2023

Download the AIC ongoing charge methodology

This company is a fund of funds.

The Manager will be entitled to receive a management fee equal to 1/12 of 1.5% p.m. of the NAV of each class of Shares calculated as at the last business day in each month and payable monthly in arrears. The Manager is also entitled to an annual performance fee for each share class. The performance fee payable is equasl to 20% of the appreciation in the NAV per shareof that class during that calculation period which is above the base NAV per share of that class, other than that arising to the remaining shares of the relevant class from any repurchase, redemption or cancellation of any share in the calculation period.The performance fee will accrue on an ongoing basis and accruals will be reflected in the Company’s published NAV. The Management Agreement may be terminated by either party giving the other party not less than norice period of 24 months.

Yes

20

An annual performance fee is equal to 20% of the appreciation in the NAV per share of that class during that calculation period which is above the base NAV per share of that class. The base NAV per share is the greater of the NAV per share of the relevant class at the time of issue of such share and the highest NAV per share achieved as at the end of any previous calculation period.