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A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.
Overview
Performance
Portfolio
Dividends
Charges
Gearing
Research
Announcements
Management
Documents
Invest
Charges
3.75
Ongoing charge plus performance fee (%)
3.75
Ongoing charge date
31/12/2023
Management agreement
Management fee of 1.20% of the EPRA NAV equal to or less than Euro 500 m; and 1% of the EPRA NAV greater than GBP 500 m. Performance fee is 15% of the excess by which the EPRA NAV total return exceeds 8% p.a.The Property Advisor is entitled to an asset and estate management performance fee, measured over consecutive three-year periods, equal to 15% of the excess (or in the case of the initial period or any performance period ending prior to 31 December 2020, 16%) by which the annual EPRA NAV total return of the Group exceeds 8% p.a., compounding (the 'Performance Fee').As the EPRA NAV measurement has been superseded by EPRA NTA , future performance fees will be calculated with respect to movements in EPRA NTA.
Performance fee
Yes
Performance fee rate
15
Performance fee details
Performance fee of 15% of the excess by which the annual EPRA NAV total return of the Group exceeds 8% p.a..As the EPRA NAV measurement has been superseded by EPRA NAV future performance fees will be calculated with respect to movements in EPRA NAV.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
