Ongoing charge plus performance fee (%)
Ongoing charge date
Management agreement
The management fee is 0.35% of NAV p.a. payable quarterly in advance at a rate of 0.0875% based on net assets. The performance fee is 15% of any outperformance of the benchmark index. This subject to a limit on the total fee of 0.9% of average value of the NAV. Contract terminable on notice period of 6 months.
Performance fee
Performance fee rate
Performance fee details
Performance fee is 15% of outperformance of total return paid against benchmark, subject to a limit of the total management fee payable of 0.9% of average value of the net assets.

A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.

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