In accordance with our principles of simplicity and transparency, we offer an innovative fee structure that we believe is a first in our industry. It aligns fund manager and investor and reflects the conviction that we have in this uniquely attractive investment opportunity.
Woodford Investment Management will not receive a fee for managing this investment trust, however we will charge a performance fee if we deliver a cumulative annual net asset value (NAV) return in excess of 10%. The ongoing charges cover the general administrative costs associated with running the trust.
We are also committed to greater transparency on the total cost of investing, with all transaction costs now disclosed monthly on our website to help investors better understand the total, true cost of investing.