Schroder UK Growth (Ordinary Share) SDU

Objective:

Management Contract & Fees:

The Manager is entitled to an annual fee equal to 0.4% of the Companys net assets. Investments in Schroder funds are subject to a rebate to ensure that the Investment Manager receives only 0.4% on such investments. The agreement is terminable on no less than 3 months notice by either party. The Manager also receives a performance fee, capped at GBP500,000, provided that the NAV total return outperforms the FTSE All-Share index by at least 0.50% per annum. Performance fee equating to 10% of the amount of the out-performance will be calculated annually but averaged and accumulated over a rolling three-year period. A secretarial fee of approximately GBP60,000 (plus VAT and an RPI-based inflationary adjustment) is also payable.