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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
Ongoing charge plus performance fee (%)
2.7
Ongoing charge date
30/11/2023
Management agreement
The AIFM is entitled to receive fees from the Company of GBP 15,000 p.a. on total assets up to GBP 100m, or a fee from the Company of GBP 20,000 p.a. if total assets are over GBP 100m. The Investment Adviser is entitled to receive from the Company an investment adviser fee which is calculated and paid quarterly in arrears at an annual rate of 0.25% p.a. of the prevailing NAV (if less than GBP 100m) and 0.5% p.a. of the prevailing NAV (if GBP100m or more). The Investment Adviser has agreed (unless otherwise agreed by the Board) to waive its fee until the NAV is at least GBP 50m. There are no performance fees payable.
Performance fee
No
Data provided by Morningstar.
Company documents provided by FE fundinfo.
