Aberforth Smaller Companies Trust plc

Fees & Charges

Details of the Trust’s fees & charges and how they are calculated

Table of Contents

Fee Summary Table
Fee Amount
Annualised management fee up to £1 billion 0.75%
Annualised management fee over £1 billion 0.65%
Performance fee None
Ongoing charges - 12 months to 31 December 2020 0.81%
Management fee - 12 months to 31 December 2020 0.74%

Management Fees

This management fee is calculated and payable quarterly in advance. The fee is charged 5/8ths to capital reserves and 3/8ths to the revenue account.

For the 12 months to 31 December 2020, the Trust's management fee was 0.74%. This is the total cost of the management fee for the period, expressed as a percentage of the average total net assets over the period.

Ongoing Charges

For the 12 months to 31 December 2020, the Trust's Ongoing Charges figure was 0.81%.

This figure is normally calculated on an annual basis for periods ending on 31 December.

The definition of Ongoing Charges, per The Association of Investment Companies (AIC), is "A measure, expressed as a percentage of NAV, of the regular, recurring costs of running an investment company".

The Trust's Ongoing Charges figure is calculated per the AIC's guidelines and states the total cost of the management fee and other operating expenses, expressed as a percentage of the average published Ordinary Shareholders' net asset value (NAV) over the period.