Company search
A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.
Charges
Ongoing charge plus performance fee (%)
3.1
Ongoing charge date
28/02/2023
Management agreement
Under the terms of agreement, Puma Investments will be paid an annual fee of 2% of the NAV, payable quarterly in arrears calculated on the relevant quarter end NAV of the Company. The annual management fee is allocated 75% to capital and 25% to revenue.The Investment manager is entitled to an incentive fee equal to 20% of the amount by which the Performance Value per Share at the end of an accounting period exceeds the High Water Mark, and multiplied by the number of Shares in issue at the end of the relevant period subject to the Performance Value per Share being at least GBX 120 at the end of the relevant period.
Performance fee
Yes
Performance fee rate
20
Performance fee details
The Investment Manager will also be entitled to a performance incentive fee of 20% payable in relation to each accounting period, subject to the Performance Value per Share being at least GBX 120 at the end of the relevant period.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
