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Charges

Ongoing charge (%)
0.95
Ongoing charge plus performance fee (%)
0.95
Ongoing charge date
31/03/2024
Download the AIC ongoing charge methodology
Management agreement
The Investment Adviser is entitled to receive a fee of (a) 0.74% of the market value of the investments (excluding committed but not yet invested investments and cash) owned by the Subsidiary up to GBP1 bi; plus (b) 0.56% of the market value of the investments (excluding committed but not yet invested investments and cash) owned by the Subsidiary in excess of GBP1 bi. The Investment Advisory Agreement may be terminated by the Investment Manager with immediate effect, if inter alia (i) the Investment Adviser becomes insolvent (ii) the Investment Adviser commits a material breach of the Investment Advisory Agreement and fails to remedy such breach within 90 days of receiving written notice requiring it to do so; or (iii) the Investment Manager is required to do so by its regulator. The Investment Advisory Agreement may be terminated by the Investment Adviser (i) at any time by not less than 90 days prior written notice to the Investment Manager; or (ii) with immediate effect (a) on the winding-up of the Investment Manager; or (b) if a resolution is proposed by the Board or passed by shareholders which would make changes to the investment policy of Company such that the Investment Adviser can no longer meet the service standard requirements.
Performance fee
No

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

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