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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
Research
Announcements
Management
Documents
Invest
Charges
3.21
Ongoing charge plus performance fee (%)
3.21
Ongoing charge date
28/02/2023
Management agreement
The agreement provides for an investment management fee of 2.00% per annum of net assets payable quarterly in arrear for Venture Shares. For Venture Shares, the appointment shall continue for a period of at least six years from the admission of those shares.
Performance fee
Yes
Performance fee rate
20
Performance fee details
Triple Point is entitled to a performance incentive fee. The performance incentive fee will not be payable toTriple Point until the total return to holders of Venture Shares exceeds the initial net subscription amount by an annual threshold of 3% calculated on a compound basis. To the extent that the total return exceeds the threshold over the relevant period then a performance incentive fee of 20% of the excess will be paid to Triple Point.
Data provided by Morningstar.
Company documents provided by FE fundinfo.
