Fees and Compensation — Form ADV Part 2A (4/1/2026)
[Brochure]
Item 5 – Fees and Compensation
1940 Act Funds and Private Pooled Investment Funds A description of
AIAL’s fees
Shareholders of 1940 Act Funds and/or in private pooled investment funds are
responsible for evaluating the associated fees paid to the investment adviser as
disclosed in the relevant offering documents, including but not limited to the
published prospectus.
Fee structure
1940 Act Funds and Private Pooled Investment Funds
For Funds, fees are disclosed in the relevant offering documents, including but
not limited to the published prospectus.
In addition to AIAL’s advisory fee, Clients will incur other fees and expenses Other fees and
charged by third parties in connection with a fund, including custodian fees, expenses
brokerage fees, foreign currency exchange fees and other transaction fees.
See Item 12 “Brokerage Practices” section of the Brochure. If a fund is
structured as an investment fund, the fund likely will incur the fees referenced
above, as well as administration, transfer agency, reporting, audit, legal, and
setup fees.
ADV Part 2A BROCHURE – AIAL
Account Minimums and Types of Clients — Form ADV Part 2A (4/1/2026)
[Brochure]
Item 7 – Types of Clients
As previously referenced, AIAL manages both public pooled investment funds AIAL Clients are
including 1940 Act Funds and private investment funds, including but not institutional
limted to the below investor types: investors
▪ Public and corporate pension plans
▪ Insurance companies
▪ Governments, sovereign wealth funds, government-owned
institutions
▪ Financial services institutions
▪ Foundations, endowments
▪ Family offices
▪ Pooled investment vehicles (including some “investment
companies” as defined in Section 3 of the U.S. Investment
Company Act of 1940 which may include retail share classes)
The minimum investment amounts for pooled funds are set out in the Requirements for
respective offering documents. opening and
maintaining a fund
ADV Part 2A BROCHURE – AIAL
Filed 2025-04-30 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $250,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
Filed 2025-04-30 (D/A) · Exemption 506(b), 3(c), 3(c)(1), 3(c)(7) · Minimum $500,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
Filed 2025-05-01 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $10,000,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
Filed 2014-06-13 (D) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $5,000,000 · Remaining Indefinite · Duration One year or less · Net Assets Decline to Disclose
Filed 2019-02-21 (D/A) · Exemption 506(b), 3(c), 3(c)(7) · Minimum $100,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose