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Charges

Ongoing charge (%)
1.39
Ongoing charge plus performance fee (%)
1.39
Ongoing charge date
31/05/2026
Download the AIC ongoing charge methodology
This company is a fund of funds.
Management agreement
The Manager receives a monthly management fee at an annual flat rate of 1% of the Company's Net Asset Value (NAV). No management fee is payable on undrawn commitments.
Performance fee
Yes
Performance fee rate
5
Performance fee details
The manager is entitled to a performance fee from the Company in respect of each 12 calendar month period ending on 30th June in each year. The fee payable in respect of each such period is 5% of any increase in the NAV of the Company at the end of such period over the applicable High Water Mark plus the hurdle rate of 10%.

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

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