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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
Gearing
Research
Announcements
Management
Documents
Invest
Charges
0.96
Ongoing charge plus performance fee (%)
0.96
Ongoing charge date
31/07/2023
Management agreement
The base management fee is 0.70% of net assets p.a.. In addition, there is a +/- 0.20% variation fee based on the Company’s NAV per share performance relative to the Company’s Comparative Index. The maximum fee that the Company will now pay is 0.90% of net assets, but if the Company underperforms against the Comparative Index, then the overall fee could fall as low as 0.50% of net assets.
Performance fee
Yes
Performance fee rate
0.2
Performance fee details
There is +/- 0.20% variation fee based on the NAV per share performance relative to the Comparative Index. Fees are payable monthly in arrears and are calculated on a daily basis.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
