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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
To provide shareholders with capital growth and real growth in dividends over the medium to longer term from a portfolio of securities listed mainly in the UK equity markets.
Under the agreement, the Invesco Fund Managers Limited receives a management fee based on the Company's funds under management of 0.15% per quarter up to £500 million and 0.10% per quarter thereafter. A performance-related fee is payable to the Manager annually in arrears if the Company's performance exceeds that of the FTSE All-Share Index, including any brought forward underperformance. The performance-related fee is equal to 10% of the value of any outperformance, but may not exceed 0.5% of the value of the Company's funds under management at the balance sheet date, before deduction of the current year's performance fee. The Agreement is terminable by either party giving not less than six months' notice.