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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
Management fee charged at 0.65% p.a. of the lower of the Net Assets or Adjusted Market Capitalisation. A performance fee is payable at the rate of 10 per cent of the amount by which the growth in the lower of (i) the Adjusted Market Capitalisation per Ordinary Share of the Company and (ii) the Adjusted Net Asset Value per Ordinary Share of the Company in each performance period exceeds the annual average running yield on the longest-dated UK government fixed rate bond, currently Treasury 3.5% 2068, calculated using weekly data, plus a premium of 0.5% over the period, subject to a high watermark. The agreement is terminable by the Company on 12 months' notice.
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