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Charges

Ongoing charge (%)
2.23
Ongoing charge plus performance fee (%)
2.23
Ongoing charge date
31/03/2023
Download the AIC ongoing charge methodology
Management agreement
The Management Fee payable will be at the rate of 1.25% p.a. of the Adjusted NAV. No Management Fee will be payable to the Investment Manager in respect of investments in asset portfolios already managed by the Investment Manager. The Manager will be entitled to a performance fee in relation to the adjusted performance NAV by reference to the following performance fee formula: ((Adjusted performance NAV - NAV per share at the beginning of the performance period increased by an annual rate of 7%) x 20%) x the time weighted average number of core shares in issue in the period since the starting date. Contract terminable on notice period of 24 months.
Performance fee
Yes
Performance fee rate
20
Performance fee details
The Manager will be entitled to a performance fee in relation to the adjusted performance NAV by reference to the following performance fee formula: ((Adjusted performance NAV - NAV per Core share at the beginning of the performance period increased by an annual hurdle rate of 7%) x 20%) x the time weighted average number of core shares in issue in the period since the starting date.

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

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