Codes & fees

BloombergDIVI LN
Management fee on market cap0.9% per annum up to £300m market cap, 0.8% per annum between £300m and £500m market cap, 0.7% per annum above £500m market cap
Ongoing charge1.09%

Based on expenses at 31 May 2020. Ongoing charges are the Company’s annualised revenue and capitalised expenses (excluding finance costs and certain non-recurring items) expressed as a percentage of the average monthly net assets of the Company during the year.

The management fee was reduced to 0.90% (from 1.00%) with effect from 1 September 2020.