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A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.
Overview
Performance
Portfolio
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Charges
Ongoing charge plus performance fee (%)
7.5
Ongoing charge date
31/12/2023
Management agreement
An annual management fee of 1.1% of EPRA NAV, reducing to 0.9% over GBP 500m and up to or equal to GBP 1000m; 0.7% of EPRA NTA above GBP1000m and up to or equal to GBP 1500m; and 0.5% of EPRA NTA above GBP 1500m payable in cash quarterly in arrears. A performance fee of15% of Shareholder Returns in excess of the annual Hurdle Rate of 8% for the relevant Performance Period.
Performance fee
Yes
Performance fee rate
15
Performance fee details
Asset Manager and Investment Manager are each entitled to 50% of a performance fee. The fee is calculated at a rate of 15% of Total Shareholder Returns in excess of the annual Hurdle Rate of 8% for the relevant Performance Period.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
