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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
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 12.5% 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. Effective from 1 December 2015, the applicable percentage to be applied to the outperformance of the NAV total return over the benchmark return was reduced from 12.5% to 10%.