Company search
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
1.18
Ongoing charge date
31/03/2025
Management agreement
Effective from 1 April 2025, the Investment Management fee structure has been revised. Under the new structure, the fee will be calculated quarterly based on an equal weighting of (i) the average of the closing daily market capitalisation during each quarter and (ii) the published Net Asset Value (NAV) for that quarter. The applicable rates are 1.0% per annum on the first 200 million, 0.9% per annum on the portion between 200 million and 300 million, and 0.8% per annum on amounts exceeding 300 million. The Manager’s Fee will be prima facie payable by the Company, but may be paid by the members of the Group (to reflect the extent to which the services provided by the Manager are provided to the relevant member of the Group) should the Company so determine. It is expected that the majority of the Manager’s fees will be borne by the Company. Contract terminable on notice period of 12 months.
Performance fee
No
Data provided by Morningstar.
Company documents provided by FE fundinfo.
