Ongoing charge plus performance fee (%)
Ongoing charge date
Management agreement
The new management fee, effective from 1 March 2021, is a flat 0.45% of the value of the Company's assets under management, net of current liabilities other than short-term borrowings, less any cash up to the level of borrowings ('chargeable assets').
Performance fee

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

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