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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
The management fee is calculated at the rate of 0.5% of the average of the aggregate net chargeable assets (excluding the value of any investment in any funds managed by Henderson) on the last day of the relevant quarter and the last day of the corresponding quarter in the preceding year. Six months' notice of termination is required. The Manager is also entitled to a performance fee of 15% of any outperformance on a total return basis of the Company's benchmark (currently the FTSE All-Share Index) by more than 10% (the hurdle rate) over the average of the last three years. The performance fee, plus the basic fee of 0.5% of net assets described above, will be capped in any year at a total of 0.75% of average net assets for the year.