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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
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Announcements
Management
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Invest
Charges
2.68
Ongoing charge plus performance fee (%)
2.68
Ongoing charge date
28/02/2023
Management agreement
Management fee 1.75% p.a. of NAV. Performance fee is 20% of excess cumulative realised gains if certain performance hurdles are achieved. The performance hurdles are: Cumulative realized investment gains exceed cumulative realized investment losses since inception. Positive total return to shareholders, comprising NAV per share and dividends per share, over a rolling five-year period. Total return for the preceding year increases by at least 4.5% from the NAV per share at the end of the previous year. Contract terminable on 1 year's notice.
Performance fee
Yes
Performance fee rate
20
Performance fee details
Performance fee is 20% of excess cumulative realised gains if certain performance hurdles are achieved. The performance hurdles are: Cumulative realized investment gains exceed cumulative realized investment losses since inception. Positive total return to shareholders, comprising NAV per share and dividends per share, over a rolling five-year period. Total return for the preceding year increases by at least 4.5% from the NAV per share at the end of the previous year.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
