Fees
The fees and expenses which are applied in the management of your investment include (among others):
Manager Base Fee
The Base Fee is calculated as follows:
- where the Net Investment Value (NIV) is less than or equal to S$1.5b, 1% per annum of the NIV; and
- where the NIV is greater than S$1.5b, 1% of the NIV up to and including S$1.5b and 1.5% of the NIV in excess of S$1.5b.
For more details on the Manager Base Fee, please refer to Page 146 of BBGIL’s Prospectus, which can be downloaded by clicking here.
Manager Incentive Fee
The Incentive Fee payable to the Manager is calculated half yearly in arrear as an amount equal to 20% of any excess return of the Shares over the Benchmark Return for the Half Year after recovering any Deficit calculated in accordance with the following formula:
Incentive Fee = 20% x (Share Return – Benchmark Return – Deficit)
For more details on the Manager Incentive Fee, please refer to Page 147 of BBGIL’s Prospectus, which can be downloaded by clicking here.
For more information on Fees, please refer to Page 145 of BBGIL’s Prospectus which can be downloaded by clicking here.