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A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.
Charges
3.38
Ongoing charge date
31/12/2025
Management agreement
The Investment Manager receives an annual fee equal to 2.5% of the prevailing Net Asset Value (plus VAT if applicable) payable quarterly in arrears.
Performance fee
Yes
Performance fee rate
20
Performance fee details
The amount of the performance incentive fee is equal to 20% of the amount by which the Performance Value per Share at the end of an accounting period exceeds the High Water Mark (being the higher of 130p and the highest Performance Value per Share at the end of any previous accounting period), and multiplied by the number of Shares in issue at the end of the relevant period.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
