Item 5 – Fees and Compensation
SICAV under UCITS Directive
The investment advisory fees that we receive as a service provider to the SICAV under UCITS
directives are described in the registration statements and/or financial filings of the UCITS
which are available upon request. Fees are not negotiable.
AZG is compensated for the services performed and the facilities furnished by AZG:
i. An annual Management Fee based on the net assets of the fund(s). This fee is
payable monthly in arrears on the first business day of each calendar month,
calculated on the total net asset value as of the last business day of the preceding
month, before giving effect to subscriptions and redemptions, if any, accepted as
of such day.
The Redemption Price for each Class of Shares is equal to the Net Asset Value per share as of the
applicable Valuation Day less any charges set forth in the Appendix for the relevant Sub‐Fund.
Shareholders who wish all or some of their shares to be redeemed by the Company must make
an irrevocable redemption request by sending such request to the Registrar and Transfer Agent
or the Company.
AZG Capital LLC 2
AZG can terminate their agreement to manage the Funds at any time if written notice is given at
least 30 days before the termination date. However, the Funds represent, covenant, and agree
that their decision to terminate their agreement with AZG shall require a unanimous affirmative
vote of the funds' directors for so long as the Funds have three or less directors and a vote of
75% of the director's casting votes at such time as the funds have more than three directors.
Upon termination of their agreement, AZG shall be entitled to receive all fees and other monies
accrued due up to and including the date of such termination but shall not be entitled to
compensation in respect of such termination, however occasioned.
Termination of the appointment of AZG shall be without prejudice to the completion of
transactions already initiated by AZG and shall not affect the rights and obligations of the parties
which came into existence prior to the termination which shall remain in full force and effect
until discharged. Such transactions will be completed by AZG Manager in a timely and expeditious
manner.
AZG’s fees are exclusive of brokerage commissions, transaction fees, and other related costs and
expenses which shall be incurred by the Funds. The Funds can incur certain charges imposed by
custodians, brokers, third party investment and other third parties such as fees charged by
managers, custodial fees, deferred sales charges, odd‐lot differentials, transfer taxes, wire
transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Mutual funds and exchange traded funds also charge internal management fees,
which are disclosed in a fund’s prospectus. More information on such expenses can be found in
the respective Funds prospectus or offering documenters.
Such charges, fees and commissions are exclusive of and in addition to AZG’s fee, and AZG shall
not receive any portion of these commissions, fees, and costs.
AZG’s affiliate Azimut Genesis Advisors (“AZ Genesis”) offers separate account management,
which could include recommending a portion of a client’s assets be invested in one of more of
the Funds. AZ Genesis will receive its asset management fee in addition to the fee charged to the
client by the Fund(s).
Item 12 further describes the factors that AZG considers in selecting or recommending broker‐
dealers for client transactions and determining the reasonableness of their compensation (e.g.,
commissions).