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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
Dividends
Charges
Gearing
Research
Announcements
Management
Documents
Invest
Charges
1.06
Ongoing charge date
31/10/2023
Management agreement
The management fee, payable monthly in arrears, is at the rate of one-twelfth of 0.75% per calendar month of NAV. No performance fee is payable to the Investment Manager. The 80% of the management fee payable is expected to be charged to capital and the remaining 20% to income. The Investment Manager is appointed under a contract subject to twelve months notice with such notice not to expire prior to the third anniversary of first admission of the Ordinary Shares to trading on the London Stock Exchange. The Investment Management Agreement is subject to not less than six months notice.
Performance fee
No
Data provided by Morningstar.
Company documents provided by FE fundinfo.
