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Charges

Ongoing charge (%)
0.85
Ongoing charge plus performance fee (%)
0.85
Ongoing charge date
30/11/2024
Download the AIC ongoing charge methodology
Management agreement
Under the terms of the Investment Management Agreement, the Investment Manager is entitled to a fee at the rate of 0.70% p.a. of the Company's NAV. The Investment Manager is also entitled to a performance fee equal to 10% of the excess of the performance fee hurdle and payable at the end of each five-year period, the first period being from 23 April 2020 to 30 June 2025 and at five-yearly intervals thereafter.
Performance fee
Yes
Performance fee rate
10
Performance fee details
The Investment Manager is entitled to a performance fee equal to 10% of the excess of the performance fee hurdle and payable at the end of each five-year period, the first period being from 23 April 2020 to 30 June 2025 and at five-yearly intervals thereafter.

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

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