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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
2.46
Ongoing charge plus performance fee (%)
2.46
Ongoing charge date
30/09/2023
Management agreement
The Investment Manager is entitled to a fee at the rate of 1.1% of the EPRA (European Public Real Estate Association) NAV of the Group p.a. where the EPRA NAV of the Group is less than or equal to GBP 500m. To the extent that the EPRA NAV of the Group is greater than GBP 500m, the rate to be applied to such excess shall instead be 1.0% of the EPRA NAV, in each case, exclusive of VAT. The Investment Management Agreement can be terminated by either party on not less than 12 months' written notice, such notice not to expire earlier than the third anniversary of admission, or on immediate notice in the event of certain breaches of its terms or the insolvency of either party.
Performance fee
No
Data provided by Morningstar.
Company documents provided by FE fundinfo.
