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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. BlackRock is also entitled a performance fee of 10% of any net asset value (total return) outperformance against the benchmark index. With effect from 1-Jun-15 the performance fee became subject to a cap of 1% of average Gross Assets over the performance period in respect of periods where the Benchmark Index has been exceeded and there has been a zero or positive NAV total return per share and a 1% cap of average Gross Assets over the performance period in respect of periods where the Benchmark Index has been exceeded but there has been a negative NAV total return per share.