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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
Dividends
Charges
Gearing
Research
Announcements
Management
Documents
Invest
Charges
1.21
Ongoing charge plus performance fee (%)
1.21
Ongoing charge date
31/03/2023
Management agreement
Management fee 1%. p.a. of the Average Market Capitalisation up to GBP 250m; 0.9% p.a. from GBP 250m and up to GBP 500m; and 0.8% p.a. in excess of GBP 500m. Performance fee equals 10% of the Excess Total Return if the sum of the Advisory Fee and the Performance Fee is no more than 5% of the NAV at the end of the Period. The Advisory Fee shall be payable quarterly in advance for the first four quarters following Initial Admission and monthly in arrear thereafter. Contract is terminable on 12 months' notice.
Performance fee
Yes
Performance fee rate
10
Performance fee details
In respect of each Accounting Period, the Investment Adviser shall be entitled to receive a performance fee equal to 10% of the excess Total Return relating to that Accounting Period provided that the Performance Fee shall be capped such that the sum of the Advisory Fee and the performance fee paid in respect of that Accounting Period is no more than 5% of the NAV at the end of that Accounting Period.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
