Open main menu
Home
Random
Donate
Recent changes
Special pages
Community portal
Preferences
About Stockhub
Disclaimers
Search
User menu
Talk
Contributions
Create account
Log in
Editing
Pembroke
(section)
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
=== Breakdown === '''Initial fee: 3%''' This fee is a one-off fee that is deducted upon investment into Pembroke. It is not charged on an ongoing or annual basis. This figure includes a discount 2.5% for investing through Further (headline initial fee is 5.5%). '''Annual management charge: 2%''' This fee is the fund’s annual management charge, paid each year to the fund manager for making and managing investments. '''Performance fee: 20%''' Pembroke takes a performance fee of 20% on any net realised investment gains returned in excess of their hurdle, which is an annual return of 3p per share. This calculation includes past investment losses and is a high water mark. This means, if the fund makes a £100 investment which returns £500 five years later, Pembroke will take an £77 performance fee and future net realised returns will have to exceed the £500 ‘high water mark’ for any future performance fee to be taken. This fee is included in the fund's annual NAV calculation, so is not taken out of your cash returns directly. The fund manager does not charge fees to investee companies. Further receives an initial commission (0.0%) and a trail commission (0.375%) on funds processed for the fund manager. Commission is paid by the fund manager, so there is no additional charge to you.
Summary:
Please note that all contributions to Stockhub may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Stockhub:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)