Ongoing charge plus performance fee (%)
Ongoing charge date
Management agreement
JPMF is paid a management fee based on the Company’s market capitalisation. This fee uses the average of the Company’s closing middle market share price for the last five business days of the relevant month, calculated monthly and paid quarterly at a rate of 0.60% p.a., based on the average of the preceding three month end capitalisations. The Manager is employed under a contract which can be terminated on three months notice, if notice is served on the basis of poor investment performance. The notice period is six months for all other circumstances.
Performance fee

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

Morningstar logo Data provided by Morningstar.

FE fundinfo logo Company documents provided by FE fundinfo.