Company search
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
1.33
Ongoing charge plus performance fee (%)
1.33
Ongoing charge date
31/12/2023
Management agreement
Pursuant to the terms of the Investment Management Agreement, the Investment Manager is entitled to receive a stepped annual management fee (the ?Annual Management Fee?) on the following basis: 1.0% on such part of the Net Asset Value (as adjusted) that is up to and including GBP 500m. 0.9% on such part of the Net Asset Value (as adjusted) that is above GBP 500 million up to and including GBP 1b. 0.8% on such part of the Net Asset Value (as adjusted) that exceeds GBP 1b. There is no performance fee payable to the Investment Manager. The initial term of the Investment Management Agreement will be four years, following which it may be terminated by either the Company or the Investment Manager on not less than 12 months’ notice to the other party, such notice not to be served before the fourth anniversary of the date of Initial Admission.
Performance fee
No
Data provided by Morningstar.
Company documents provided by FE fundinfo.
