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Charges

Ongoing charge (%)
0.87
Ongoing charge plus performance fee (%)
0.87
Ongoing charge date
30/09/2023
Download the AIC ongoing charge methodology
Management agreement
Management fee is 0.75% p.a. of the lower of the Market Capitalisation and the NAV of the Company. 80% of the fee to be charged to capital and the remaining 20% to income. The Investment Manager is also entitled to a performance fee paid in cash. The fee is equal to 10% of the excess total return over the total return of the benchmark Index plus 1.5% p.a. compounded annually. Agreement is terminable by either the Investment Manager or the company giving to the other not less than 12 months written notice.
Performance fee
Yes
Performance fee rate
10
Performance fee details
The fee is equal to 10% of the excess total return over the total return of the benchmark Index plus 1.5% p.a. compounded annually.

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

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