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Charges

Ongoing charge (%)
0.88
Ongoing charge plus performance fee (%)
0.88
Ongoing charge date
30/09/2024
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 details

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

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