RIT Capital Partners plc (RCP) Ordinary GBP1

RIT Capital Partners plc is a United Kingdom-based investment trust. The Company's objective is to deliver long-term capital growth, while preserving shareholders' capital to invest without the constraints of a formal benchmark, but to deliver for shareholders increases in capital value in excess of the relevant indices over time. Its investment policy is to invest in a diversified, international portfolio across a range of asset classes, both quoted and unquoted. The Company invests in a number of asset categories, including quoted equity, private investments, absolute return and credit, real assets, government bonds and rates, and currency. The investment manager of the Company is J. Rothschild Capital Management Limited.

To invest in a widely diversified, international portfolio across a range of asset classes, both quoted and unquoted; to allocate part of the portfolio to exceptional managers in order to ensure access to the best external talent available.

• Ongoing charge0.77%
• Annual management charge -
• Performance feeNo

Long-only equity funds charge 0.5% to 1.0% management fees, with possible performance fees. Hedge funds typically have 1% to 2% management fees and 10% to 20% performance fees. Private funds generally incur 1% to 2.5% annual fees and 20% to 30% carried interest, often linked to performance hurdles.