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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
1.42
Ongoing charge date
30/09/2025
Management agreement
The investment management fee is levied quarterly on a tiered basis 1.10% p.a of the Company’s daily NAV up to and including US$650 million and 1.0% p.a of the Company’s daily NAV above US$650 million. In addition, the Manager is entitled to receive a performance fee at a rate of 10% of any increase in the NAV at the end of a performance period over and above what would have been achieved had the NAV since launch increased in line with the Benchmark Index. The contract is terminable on 6 months notice
Performance fee
Yes
Performance fee rate
10
Performance fee details
The Manager is also entitled to receive a performance fee at a rate of 10% of any increase in the NAV at the end of a performance period over and above what would have been achieved had the NAV since launch increased in line with the Reference Index.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
