Charges

Ongoing charge plus performance fee (%)
1.22
Ongoing charge date
31/12/2023
Management agreement
Management fee shall accrue daily, and payable monthly in arrears, at a rate of 0.125% per month of the NAVs of the Ordinary Share. Soft commissions are not used.
Performance fee
Yes
Performance fee rate
20
Performance fee details
The Ord share will only be payable once the Company has made aggregate distributions in cash to shareholders All amounts distributed by the Company 20:80 between the performance fee of Manager and the cash distributed to shareholders with certain conditions.

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

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