Ongoing charge plus performance fee (%)
Ongoing charge date
Management agreement
Manager will be paid an annual management fee which is calculated quarterly in arrears based on a percentage of the last published Basic NAV of the company (not taking into account cash balances, save to the extent of commitments) on the following basis: Annual management fee of 1.00% on NAV up to EUR 1 bn and 0.75% on NAV above EUR 1 bn.
Performance fee

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

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