Schroder Oriental Income (Ordinary Share) SOI

Objective:

Management Contract & Fees:

The manager is entitled to a basic fee of 0.75% per annum of net assets paid quarterly in arrears. Twelve months notice must be given by either party when considering a termination of the contract. A performance fee may be payable, it will be 10% of the amount an adjusted NAV at the end of the relevant calculation period exceeds a hurdle of 107% of the adjusted NAV of the previous calculation, taking into account the number of shares in issue during the periods. The fee will only be paid to the extent that the NAV exceeds the higher of 100p or the highest adjusted NAV in respect of which a performance fee was previously paid. This fee is capped at 1%. The Custodian is entitled to a variable fee depending on the exact transactions undertaken, it is expected to be around 0.17% of the value of the Companys portfolio per annum. Schroders will provide secretarial and administrative services for a quarterly fee payable in arrears at a rate of GBP 75,000 per annum. Registration services will be provided at a rate of GBP 10,000 per annum.