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
0.61
Ongoing charge plus performance fee (%)
0.61
Ongoing charge date
30/09/2023
Management agreement
Under the terms of the Portfolio Management Agreement, Lindsell Train, acting as a delegate of the AIFM, provides discretionary portfolio management services to the Company for a periodic fee at a rate of 0.45% p.a. of the market cap of Company up to a value of GBP 1bn, such fee to reduce to 0.405% p.a. of the amount of the market cap of Company in excess of GBP 1bn up to a value of GBP 2 bn, and such fee to reduce to 0.36% p.a. in excess of GBP 2 bn. Besides, under the terms of the AIFM Agreement, Frostrow receives a periodic fee at a rate of 0.15% p.a. of the market cap of Company up to GBP 1bn, 0.135% p.a. of the amount in excess of GBP 1bn. A fixed fee of GBP70,000 p.a. calculated monthly and payable monthly in arrears. Both Portfolio Management and AIFM Agreement may be terminated by either party on giving 12 months written notice. No performance fee is payable.
Performance fee
No
Data provided by Morningstar.
Company documents provided by FE fundinfo.
