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Total Returns on £1000 over
Discrete performance % over
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To provide shareholders with capital growth and an attractive total return from investment predominantly in UK smaller companies and mid-capitalisation companies listed on the main market of the London Stock Exchange.
BlackRock receives an annual management fee of 0.7% of the gross value of the Company's long only portfolio plus the gross value of the underlying equities, long and short, to which the Company is exposed to derivative through the CFD portfolio. BFM was also entitled to a performance fee of 10% of any outperformance of the net asset value total return (before management and performance fees) against the benchmark index. From 1 June 2015, the performance fee cap in the event that the NAV total return over the annual performance period is zero or positive was reduced from 2% to 1% of the Performance Fee Market Value.