Fees and Compensation — Form ADV Part 2A (3/27/2024)
[Brochure]
Item 5: Fees and Compensation
Management Fee
The fees applicable to each Fund are set forth in detail in each Fund’s offering documents; with respect
to all share classes, the Firm receives an annual management fee ranging up to 2% per annum in respect
of the net asset value (“NAV”) of the Funds (“Management Fee”). Depending on the Fund, Management
Fee payments range from monthly to quarterly in arrears.
The Funds pay for organizational and initial offering expenses as well as ongoing operating expenses,
including but not limited to, accounting, auditing, tax preparation, legal, administration, and applicable
trading costs. The Funds may incur brokerage and other transaction costs. Fund expenses are
Income Partners Asset Management (HK) Limited Form ADV Part 2A
generally accrued daily and settled monthly. For further details on the Firm’s brokerage practices
refer to Item 12 of this Brochure.
Fees and compensation are generally deducted from the assets of each Fund on a monthly or quarterly
basis.
Compensation via Management fees is as noted above.
Clients with SMAs negotiate their fees entirely independent to the Fund Management Fees, which may
or may not be similar to the Fund fees as stated above.
Brokerage Fees
The Funds are responsible for paying any and all brokerage fees including, without limitation,
commissions, annual fees, brokerage charges, bank charges, registration fees, clearing and settlement
charges, option premiums, taxes and/or duties.
It should be noted that the Funds do not enter into any commission-sharing/rebates or soft dollar
agreements with brokers, but reserve the right to do so.
Account Minimums and Types of Clients — Form ADV Part 2A (3/27/2024)
[Brochure]
Item 7: Types of Clients/ Eligible Investors
Income Partners provides investment advice to the Funds and SMAs. Investors in the Funds primarily
consist of institutional investors, high net worth individuals, family offices, and fund of funds. Other
clients include pension funds, insurance companies, and may include charitable foundations,
endowments, and other sophisticated investors.
Subject to applicable laws and regulations, the minimum initial investment amount for the Funds ranges
from US$1,000 to US$500,000 and the minimum subsequent investment amount ranges from
US$1,000 to US$100,000. In certain circumstances, minimum investment amounts may be amended
by directors in consultation with the Firm.
All SMA clients will be required to enter into a separate management agreement with the Firm. The
Firm may require a minimum account size to be determined on a case-by-case basis.
Income Partners Asset Management (HK) Limited Form ADV Part 2A