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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
The management fee is charged at a rate of 0.4% p.a. of total assets less current liabilities. Funds managed or advised by JP Morgan Asset Management or any of its associated companies which are held in the Company's portfolio are excluded from the management fee calculation. A performance fee is payable 15% of the excess of the NAV total return over benchmark total return plus a hurdle of 0.50% p.a., excluding the effect of share buy backs. Performance fee capped at 0.8% of net assets. Any excess carried forward until paid or offset by underperformance. The performance fee due in respect of any single year is divided into equal parts payable over four years subject to the cap. The management and secretarial agreement is terminable on six months' notice.