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Charges

Ongoing charge (%)
3.04
Ongoing charge plus performance fee (%)
3.04
Ongoing charge date
31/07/2023
Download the AIC ongoing charge methodology
Management agreement
Management fee of 1.5% p.a. of the lower of NAV and EUR 300m; and 1% of the amount by which the NAV exceeds EUR 300m, calculated for each semi-annual period ending on 31 July and 31 January payable semi-annually in arrears. Performance Fee of 20% of any NAV outperformance over an 8% hurdle on an annualised basis.
Performance fee
Yes
Performance fee rate
20
Performance fee details
Performance Fee of 20% of any NAV outperformance over an 8% hurdle on an annualised basis.

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

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