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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
1.48
Ongoing charge plus performance fee (%)
1.48
Ongoing charge date
31/12/2023
Management agreement
Under the terms of the Investment Management Agreement, the company shall pay to the Investment Manager as full compensation for the services performed under the Investment Management Agreement, the following amounts: (i) an investment management fee, payable quarterly in arrears, in an amount equal to 0.40% p.a. of the consolidated TA of the company, provided that such fee shall not be calculated, and shall not be payable, in respect of MP Managed Assets; (ii) an amount equivalent to all reasonable third party or out-of-pocket costs and expenses incurred by the Investment Manager in the performance of its obligations, together with any irrecoverable fees and taxes arising on such costs and expenses. No performance fees are charged to the company. The Investment Manager may resign its role under the Investment Management Agreement upon 60 days written notice.
Performance fee
No
Data provided by Morningstar.
Company documents provided by FE fundinfo.
