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A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.
Overview
Performance
Portfolio
ESG
Dividends
Charges
Gearing
Research
Announcements
Management
Documents
Invest
Charges
0.54
Ongoing charge plus performance fee (%)
0.87%
Ongoing charge date
30/11/2023
Management agreement
BlackRock receives an annual management fee of 0.35% of the gross value p.a.. 15% of the outperformance of the net asset value total return against the benchmark index, measured on an annualised two year rolling average basis. The performance fee is effectively capped at 0.9%. The contract is terminable on 6 months notice.
Performance fee
Yes
Performance fee rate
15
Performance fee details
The performance fee is 15% of NAV total return outperformance of the Benchmark Index measured on a two-year rolling basis and is applied on the average Gross Assets over two years.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
