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Total Returns on £1000 over
Discrete performance % over
Discrete performance over
For their advisory services, Ingot will receive a basic annual fee of 0.5% of gross assets, payable semi-annually in arrears. In addition, ICM is entitled to a performance fee payable in respect of each financial period, equal to 15% of the amount by which the Company's net asset value attributable to the holders of ordinary shares outperforms the real after tax yield on the FTSE Actuaries Government Securities UK Gilt 5 to 10 years index during the period. The opening equity funds for calculation of the performance fee are the higher of the equity funds on the last day of a calculation period in respect of which a performance fee was last paid and the equity funds on the last day of the previous calculation period increased by the real percentage yield on the reference index during the calculation period. The agreement is terminable with 6 months notice from the manager and with 12 months notice from the Fund. F&C Management Limited (F&C) provides accounting, dealing and administration services to the Company for a fixed fee of £ 295,000 per annum, payable monthly in arrears. The agreement with F&C may be terminated upon six months notice given by either party in writing.