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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
0.92
Ongoing charge plus performance fee (%)
0.92
Ongoing charge date
31/12/2023
Management agreement
Under the terms of the Investment Management Agreement, the Investment Manager is entitled to a combination of a Cash Fee and an Equity Element from the Company. The Cash Fee is based upon the NAV as at the start of the quarter in question on the following basis: on that part of the then most recently announced NAV up to and including GBP 500 million, an amount equal to 0.25% of such part of the NAV; on that part of the then most recently announced NAV over GBP 500 million and up to and including GBP 1,000 million, an amount equal to 0.225% of such part of the NAV; on that part of the then most recently announced NAV over GBP 1,000 million, an amount equal to 0.2% of such part of the NAV; NAV over GBP 3,000 million, an amount equal to 0.175% of such part of the NAV, paid in quarterly. The Equity Element is calculated quarterly in advance and has a value as set out below: on that part of the then most recently announced NAV up to and including GBP 500 million, 0.05% ; and on that part of the then most recently announced NAV over GBP 500 million up to and including GBP 1,000 million, 0.025%.
Performance fee
No
Data provided by Morningstar.
Company documents provided by FE fundinfo.
