Charges

Ongoing charge plus performance fee (%)
1.1
Ongoing charge date
31/03/2023
Management agreement
As an internally managed investment Company, the Company will not bear any external fund management fees or performance fees. Ongoing annual expenses of the Company will be borne by the Company including fees paid to the Directors, the salaries of the Executive Team and the cost of leasing office premises and equipment. The annual costs of the above (excluding any bonus, DBP and LTIP awards) are not expected to exceed approximately 1.2% of the Net Asset Value per annum.
Performance fee
Yes
Performance fee rate
1.2
Performance fee details
As an internally managed investment Company, the Company will not bear any external fund management fees or performance fees. Ongoing annual expenses of the Company will be borne by the Company including fees paid to the Directors, the salaries of the Executive Team and the cost of leasing office premises and equipment. The annual costs of the above (excluding any bonus, DBP and LTIP awards) are not expected to exceed approximately 1.2% of the Net Asset Value per annum.

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

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