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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
ESG
Dividends
Charges
Gearing
Research
Announcements
Management
Documents
Invest
Charges
1.07
Ongoing charge plus performance fee (%)
1.07
Ongoing charge date
30/06/2023
Management agreement
The Manager is entitled to receive management fee payable monthly in arrears at the rate of 1% p.a. of the NAV of the company. The Manager is also entitled to reimbursement of certain out-of-pocket expenses incurred by it in connection with its duties. The Management Agreement may be terminated by either the company or the Manager on not less than twelve months’ notice in writing. The Manager may, with the consent of the Directors, delegate the provision of investment management and other services to a third party but will remain liable for the acts of any such third party and will be responsible for the remuneration of the third party.
Performance fee
No
Data provided by Morningstar.
Company documents provided by FE fundinfo.
