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A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.
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This company may have paid a performance fee to its manager in the last accounting period. Please check the company's annual report for details.
Ongoing charge date
31/08/2025
Management agreement
The Manager is entitled to a fee payable monthly at 0.7% 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
10
Performance fee details
A performance fee is payable amounting to 10% of any relative outperformance of the quoted portfolio above the Reference Index plus a hurdle rate of 0.5%. The performance fee is subject to a cap of 1.25% of net assets and payable only when the NAV per share has increased over the period.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
