ITEM 5 – FEES AND COMPENSATION
CA Partners’ Basic Advisory Fees
CA Partners charges the Partnership and the Gold Fund a management fee based on an annual
percentage of the Partnership’ and the Gold Fund’s net asset values, calculated and paid quarterly
in arrears. The management fee charged to the Partnership is 1.50% (150 basis points) per annum
of net asset value. The Gold Fund does not charge a management fee. The management fee is
reduced to 1.00% (100 basis points) per annum with respect to investors who invested in CA
Partners’ funds prior to September 30, 2002 and generally the funds’ management fees may be
reduced as determined by the funds’ General Partners. Currently, all investors pay a 1%
management fee. The Partnership also bear their pro rata share of fees charged by the Portfolio
Funds and Portfolio Managers (as described below in Item 8) through which they invest.
Details concerning the Partnership and the Gold Fund, including the associated advisory fees,
other expenses and investment strategies, are described in their offering documents.
Underlying fund fees are generally set by the underlying Portfolio Funds and Portfolio
Managers, and CA Partners’ clients generally do not have the flexibility to negotiate such fees.
CA Partners will generally bill its advisory fees on a quarterly basis in arrears.
CA Partners may also receive compensation in the form of consulting fees from certain clients
other than the Partnership and the Gold Fund. Consulting fees may vary depending on the terms
of each negotiated arrangement and service rendered. Consulting fees are not directly or
indirectly paid by or related to the purchase or sale of securities of other recommended
investment advisers.
Other Fees and Expenses
In addition to investment advisory supervision fees, investors in the Partnership and the Gold Fund
will indirectly bear any other costs charged to the Partnership and the Gold Fund. Such costs will
vary and typically include, though are not limited to, accounting, legal, fund administration fees
and other related costs and costs. Furthermore, CA Partners’ fees are exclusive of brokerage
commissions, transaction fees, and other related costs and expenses which may be incurred by the
client. Clients may 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.
Such charges, fees and commissions are exclusive of and in addition to CA Partners’ fees, and
CA Partners shall not receive any portion of these commissions, fees, and costs.
Prepaid Fees
CA Partners does not charge clients fees in advance.
Compensation for the Sale of Securities
Neither CA Partners nor CA Partners’ supervised persons accept compensation for the sale of
securities or other investment products, including asset-based sales charges or service fees from
the sale of investment funds.