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Charges

Ongoing charge (%)
1.08
Ongoing charge plus performance fee (%)
1.08
Ongoing charge date
31/12/2023
Download the AIC ongoing charge methodology
Management agreement
Under the terms of the AIFM Agreement dated 29 September 2022, a quarterly management fee is payable to the Manager. The fee is calculated and accrued daily based on the Company’s market capitalisation. The fee is payable at a rate of the aggregate of 1.0% per annum of the market capitalisation up to 600 million, and 0.8% per annum of market capitalisation over 600 million.The Manager is entitled to receive a performance fee, calculated at 15% of any excess of the ?Adjusted NAV per Share? above ?Target NAV per share?.
Performance fee
Yes
Performance fee rate
15
Performance fee details
The Manager is entitled to receive a performance fee, calculated at 15% of any excess of the ?Adjusted NAV per Share? above ?Target NAV per share?.

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

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