Ongoing charge plus performance fee (%)
Ongoing charge date
Management agreement
The management fee arrangements is: 0.04000% on the first GBP500 million and 0.03875% on the remainder of the market capitalisation of the Company’s ordinary shares at each month end and paid monthly in arrears (equivalent to an annualised fee of 0.480% on the first GBP500m and 0.465% on the remainder).
Performance fee

A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.

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