Ongoing charge plus performance fee (%)
Ongoing charge date
Management agreement
Baillie Gifford & Co is employed by the company as Managers and Secretaries under a management agreement. Their fee is 0.45% on the first GBP 750m of TA, 0.33% on the next GBP 1bn of TA and 0.30% on the remaining TA. The agreement is terminable on not less than 6 months notice.
Performance fee

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

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