The board of JPMorgan Japan Smaller Companies has agreed with the manager to reduce the management fee payable on the trust. The old fee was calculated as 1% of gross assets. The new fee is 1% on the first £150m of net assets and 0.8% on any net assets above the £150m level.
The new fee took effect from 1 January 2017.
JPS : JPMorgan Japan smaller fees cut