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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
Contract is with Invesco Asset Management Limited, terminable by either party on one year's notice. Under the agreement, the Manager receives a base fee of 0.6% p.a. on the first £500m of assets under management and 0.4% thereafter. A performance-related fee is payable to the Manager annually in arrears, if the Company's performance exceeds the FTSE All-Share Index. 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 net assets at the relevant performance fee calculation date (which is usually the Company's balance sheet date). Any such performance-related fee is based on the outperformance over the benchmark index after taking into account any previous underperformance.