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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
To provide growth in income and capital to achieve a long-term total return greater than the benchmark FTSE All-Share Index, through investment in UK securities, with the majority of the portfolio selected from the constituents of the FTSE 350 Index.
Investment Manager receives an investment management fee of 0.35% per annum, payable quarterly, based on the value of the investments (including cash) of the Company together with an additional fee of 125,000 pa, plus or minus 0.005% of the value of the investments (including cash) of the Company above or below 750 million, calculated and payable quarterly. The Manager also receives 40,000 pa in respect of the provision of secretarial and administrative services, adjusted annually in line with the Retail Price Index. The agreement is subject to one year's notice of termination by either party.