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A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.
Charges
2.17
Ongoing charge plus performance fee (%)
2.17
Ongoing charge date
31/03/2023
Management agreement
The manager is entitled to receive a basic annual management fee equivalent to 2.06% of net assets, calculated half-yearly as at 31 March and 30 September. The manager is entitled to receive an annual performance related management fee equivalent to 12% of the total return in excess of a formula-driven hurdle rate. The agreement may be terminated at any time by not less than twelve months notice being given by either party.
Performance fee
Yes
Performance fee rate
12
Performance fee details
Data provided by Morningstar.
Company documents provided by FE fundinfo.
