Aberforth Split Level Income 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 0.75%
Performance fee None
Ongoing charges - 12 months to 30 June 2021 1.23%
Management fee - 12 months to 30 June 2021 0.99%

Management Fee

Under the terms of the management arrangement, the Trust pays an annualised management fee equal to 0.75% of the Trust's total assets. This fee is calculated and payable quarterly in advance. The fee is charged 70% to capital reserves and 30% to the revenue account.

The Trust does not pay a performance fee.

For the 12 months to 30 June 2021, the Trust's management fee was 0.99%. 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 30 June 2021, the Trust's Ongoing Charges figure was 1.23%. This figure is normally calculated on an annual basis for periods ending on 30 June.

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.