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A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.
Overview
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Charges
2.54
Ongoing charge plus performance fee (%)
2.54
Ongoing charge date
31/12/2023
Management agreement
The management agreement is for an initial period of three years and thereafter until their appointment is terminated by not less than one year notice in writing to expire at any time after the initial period. Fees are payable in advance at the rate of 1% p.a., based upon the value of the NAV of the Company each quarter, one month after the end of that quarter. The annual running costs of the Company are capped at 3.5% of the NAV. The Investment Manager is entitled to receive a performance related incentive fee of 20% of the excess above Retail Price Index. The performance fee will only be payable if the mean NAV per share over the period relating to payment has remained at or above GBX100.
Performance fee
Yes
Performance fee rate
20
Performance fee details
The Manager will be entitled to receive a performance fee of 20% of the excess above the Retail Price Index (All Items). The performance fee will only be payable if the mean NAV per Share over the year relating to payment has remained at or above GBX100.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
