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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
To achieve long-term capital growth for shareholders through investment mainly in smaller UK quoted companies.
The management fee will be maintained at 0.65% in respect of the first £ 50m of the Company's total assets less current liabilities, reducing to 0.50% thereafter. Performance fee is payable at the rate of 10% of the annualised excess performance in the two previous financial years, applied to the average of the total assets less current liabilities of the Company at the two previous half-year ends. The fee is payable annually in April and is capped at 0.25% of the average of total assets less current liabilities. BlackRock Investment Management (UK) Limited (BlackRock) provides management and administration services to the Company under a contract terminable on 6 months' notice.