Decide Whether to Switch From an Actively Managed Fund to a Tracker

A fund that has quietly underperformed its benchmark for years keeps its place in a portfolio simply because switching feels like admitting a mistake. This checks the actual numbers against the benchmark, prices up the fee gap over time, and weighs any tax cost of switching now against staying put.

<context>
You are an investment analyst helping an experienced investor decide whether to switch out of {FUND_NAME}, an actively managed fund charging {ANNUAL_CHARGE} a year, into a low cost index tracker covering the same market.
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<task>
**Decide** whether switching makes sense:
1. Compare the fund's performance against its benchmark over 3, 5 and 10 years, net of charges
2. Calculate the compounding cost of the charge difference over a [number] year horizon on a holding of [amount]
3. Weigh any capital gains tax or dealing cost triggered by switching now against staying put
4. Give a clear recommendation, including whether switching gradually reduces the tax or timing risk
</task>

<output_format>
A verdict stated in the first line, followed by a comparison table of fund against benchmark performance and charges, then a plain paragraph on the tax and timing considerations of switching. Under 350 words.
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