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A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company.
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Charges
0.73
Ongoing charge date
31/12/2025
Management agreement
The company operates as self-managed with contracts that can be terminated on 1 to 3 months' notice. It invests significantly with external managers, incurring most fees indirectly as part of fund valuations. Three fund investments are segregated accounts, leading to direct fees. Long-only equity funds charge 0.5% to 1.0% management fees, with possible performance fees. Hedge funds typically have 1% to 2% management fees and 10% to 20% performance fees. Private funds generally incur 1% to 2.5% annual fees and 20% to 30% carried interest, often linked to performance hurdles.
Performance fee
Yes
Performance fee details
Data provided by Morningstar.
Company documents provided by FE fundinfo.
