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A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.
Overview
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Charges
Ongoing charge plus performance fee (%)
1.1
Ongoing charge date
30/09/2023
Management agreement
Under the terms of the Investment Advisory Agreement, the Investment Adviser receives an investment advisory fee from the Company equal to 0.9%. p.a. of the NAV of the Company (net of cash holdings). This fee is calculated and payable quarterly in arrears. The Investment Adviser is also entitled to an arrangement fee of up to 1% of the cost of each asset acquired by the Company. No performance fee is charged. The Investment Advisory Agreement may be terminated by the Company or the Investment Adviser by giving 24 months' written notice.
Performance fee
No
Data provided by Morningstar.
Company documents provided by FE fundinfo.
