Jupiter European Opportunities (Ordinary Share) JEO

Objective:

Management Contract & Fees:

The Management fee is calculated quarterly at 0.1875% of Total Assets (TA) payable in arrears (prorated in respect of any period which is not a complete quarter). Performance fee is based on the out-performance of the lower of the price of an Ordinary share (Ord) or the Net Asset Value (NAV) per Ord over the total return on the funds Benchmark Index in a period. The performance fee will equal 15% of the amount by which the increase in the lower of the price of an Ord (plus any dividends (divs) per Ord paid during the period) or the NAV per Ord (plus any divs per Ord paid/payable and any accrual for unpaid performance fees for the period) exceeds the total return on the Benchmark Index. Further conditions of payment are that the lower of the price of an Ord (adjusted per above) or the NAV per Ord (adjusted per above) must exceed the higher of (a) the lower of the closing price of an Ord or the NAV per Ord on the last business day of the previous accounting period; (b) the lower of the price of an Ord or the NAV per Ord on the last day of a period in respect of which a performance fee was last paid: and (c) 100p, in each case increased or decreased by the % change in the benchmark during the calculation period. The performance fee payable in respect of any one period is limited to 7.5% of the Companys TA. Management agreement terminable on one years notice. Secretarial, accounting and administrative services to the Company at an annual fee of GBP56,207 (plus VAT) adjusted each year in line with the Retail Price Index.