Overview Performance Portfolio ESG Dividends Charges Gearing Research Announcements Management Documents Invest Engage

Charges

Ongoing charge (%)
2.5
Ongoing charge plus performance fee (%)
2.5
Ongoing charge date
31/12/2023
Download the AIC ongoing charge methodology
Management agreement
The investment manager will receive an annual management fee of 1.5% p.a. of the NAV. The fee shall be payable quarterly in arrears and each payment shall be calculated using the quarterly NAV as at the relevant quarter end. The General Partner will make all management decisions, other than investment management decisions and will be entitled to receive a performance allocation, calculated and payable at the underlying investment holding subsidiary level, equal to 20% of the realised profits (if any) on the sale of any underlying asset of the company. Management Agreement has an initial term of 7 years and contract terminable on a 12 months notice period.
Performance fee
Yes
Performance fee rate
20
Performance fee details
The General Partner will make all management decisions, other than investment management decisions and will be entitled to receive a performance allocation, calculated and payable at the underlying investment holding subsidiary level, equal to 20% of the realised profits (if any) on the sale of any underlying asset of the company.

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

Morningstar logo Data provided by Morningstar.

FE fundinfo logo Company documents provided by FE fundinfo.