Fees and Compensation — Form ADV Part 2A (3/30/2017)
[Brochure]
Item 5. Fees and Compensation
Clients are charged an annual management fee based upon the portfolio management strategy
selected by the client. The Adviser’s fee schedules for each strategy are set forth below:
UCITS fees
The Adviser is entitled to an advisory fee of up to 0.40% per annum of the average assets of the
fund during the relevant month payable monthly.
CLO fees
The Adviser will be entitled to receive a fee, which will accrue quarterly in arrears, in an amount
equal to the sum of (i) 0.15% per annum (calculated on the basis of a 360-day year consisting of
twelve 30-day months) of the Assets Under Management at the beginning of the period (the
"Base Management Fee"), (ii) 0.35% per annum (calculated on the basis of a 360-day year
consisting of twelve 30-day months) of the Assets Under Management at the beginning of the
period (the "Subordinated Management Fee"). The Subordinated Management Fee is paid if and
to the extent funds are available for such purpose in accordance with the priority of payments.
Additional Fees and Expenses
In addition to the Adviser’s management fees described above, clients are responsible for the
payment of other charges and fees that may be assessed by the custodians maintaining their
accounts, the broker-dealers transacting for their accounts and/or by other third parties. These
may include "bid-ask spreads" charged by broker-dealers on fixed income transactions (i.e., the
difference between the prices for which a broker-dealer is willing to buy or sell a particular
security), custodial fees, foreign currency hedging costs, where applicable, wire transfer and
electronic fund transfer processing fees, and other fees charged by third parties.
Account Minimums and Types of Clients — Form ADV Part 2A (3/30/2017)
[Brochure]
Item 7. Types of Clients
The Adviser provides investment management services to a pooled-investment vehicle and is the
sub-adviser to a UCITS fund. The pooled-investment vehicle is not currently making new
investments. Currently, the Adviser does not have any U.S. clients.