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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
Ongoing charge plus performance fee (%)
1.60
Ongoing charge date
31/08/2023
Management agreement
The Manager is entitled to a fee payable monthly at 0.9% p.a., relate on the NAV of the company. The maximum performance fee in any one year is 2% of average NAV. The performance fee on the unquoted pool is 20% of net realised gain; performance fee on the quoted pool is 10% of relative outperformance above the sterling-adjusted NBI plus a 0.5% hurdle.Under normal circumstances the Investment Management Agreement is terminable by either party on 12 months’ written notice.
Performance fee
Yes
Performance fee rate
20
Performance fee details
The maximum performance fee in any one year is 2% of average NAV. The performance fee on the unquoted pool is 20% of net realised gain; performance fee on the quoted pool is 10% of relative outperformance above the sterling-adjusted NBI plus a 0.5% hurdle.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
