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
Research
Announcements
Management
Documents
Invest
Charges
Ongoing charge date
30/09/2025
Management agreement
The management fee amount is equal to 2.0% per annum of net assets of the relevant Company would be 97,000 (i.e. 1.0% of 9.7 million) for that 12 month period. The annual expenses cap is 3.0% of net assets (excluding exceptional items, performance incentive fees and trail commission).
Performance fee
Yes
Performance fee rate
20
Performance fee details
The Investment Adviser is entitled to receive an annual performance-related incentive fee of 20% of the dividends paid in a year in excess of a Target Rate comprising firstly, an annual dividend paid in a year target which started at GBX 6 per share on launch (indexed each year for RPI) and secondly a requirement that any shortfall of cumulative dividends paid in each year beneath the cumulative annual dividend target is carried forward and added to the Target Rate for the next accounting period.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
