Item 5. Fees and Compensation
Causality charges management fees and performance fees as set out in each client’s offering documents or IMA. Fees
are negotiable and Causality has discretion to waive or otherwise modify fees with respect to any investor, including
affiliates of the Firm.
Under the investment advisory arrangement related to the Fund, Causality receives an asset-based management fee
and, as set out in Item 6, performance allocation. The management fee is equal to 2.00% (per annum) of the net asset
value of investor interests accrued on a monthly valuation day and payable each calendar quarter in arrears, regardless
of performance. Investors in the Platform are subject to additional fees from the Platform manager, including an asset-
based Platform Fee. Please see the Fund’s offering documents for additional information.
Fees for SMA clients will be negotiated on a case by case basis with each underlying client and set forth in the applicable
IMA or other similar agreement.
All clients advised by Causality will bear their own operating costs and expenses. Investors and clients should consult, as
appropriate, offering documentation or IMAs for a comprehensive explanation of these costs and expenses. Expenses
borne by clients, in addition to the fees paid to Causality, will include costs associated with their operation, including but
not limited to the following: investment-related expenses (e.g., exchange and brokerage commissions, exchange deposit
and withdrawal fees, clearing and settlement charges, custodial fees, interest expenses), research costs and expenses
Causality Global Investors LLC Form ADV Part 2A
(including fees for news, market data, quotation and similar information and pricing services), legal expenses, accounting
fees and audit expenses, administrative fees, tax preparation expenses and any applicable tax liabilities.
Please refer to Item 12, Brokerage Practices, for a summary of Causality practices regarding selection of broker-dealers
and trading.