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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
0.87
Ongoing charge plus performance fee (%)
0.87
Ongoing charge date
31/12/2023
Management agreement
Schroders will become entitled to receive a base fee of 0.65% p.a. of gross assets less cash and a performance fee of 10% of the excess annual NAV total return of the fund above a 7% hurdle. The performance may only be paid when the Company's NAV total return is equal or greater to the total return of the Reference Index. The base and performance fees will be capped at 1.25% (in aggregate) of the Company's net assets. Schroders' notice period will be 6 months.
Performance fee
Yes
Performance fee rate
10
Performance fee details
A performance fee is payable amounting to 10% of any outperformance of the NAV over an annual hurdle of 7%, provided that the closing NAV per share exceeds the ?high water mark? NAV at the date the last performance fee was paid. The sum of the base fee and any performance fee payable is capped at 1.25% of the closing net assets.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
