Item 5 Fees and Compensation
We offer two fee structures. The first structure is based on a percentage of the managed assets
(“Management Fee”). The second fee structure consists of two components: a Management Fee plus
a performance fee based on of the net capital appreciation, if the performance exceeds the calculated
return of the hurdle rate (“Performance Fee”) (together, “Fees”). Fees in Swiss francs (CHF) are as
follows:
Management Fee Only
Assets under Management Annual Fee
Up to CHF 5 million Negotiable
CHF 5 million to 10 million 0.8%
CHF 10 million to 50 million 0.7%
CHF 50 million to 100 million 0.6%
Over CHF 100 Million Negotiable
Management and Performance Fee
Assets under Management Annual Fee Performance Fee
Up to CHF 5 million Negotiable Negotiable
CHF 5 million to 10 million 0.6% 6%
Each Albis Fund is closed to investment by “U.S. Persons” as defined in the Securities Act and is exempt from
registration under the U.S. Investment Company Act of 1940, as amended. The securities of the Albis Funds are
exempt from registration with the SEC under the Securities Act. Additional details regarding the Albis Funds are
contained in their private placement memorandum. This Brochure is not an offer to buy or sell the securities of
the Albis Funds.
ISPartners Investment Solutions AG Form ADV Part 2A
CHF 10 million to 50 million 0.5% 6%
CHF 50 million to 100 million 0.4% 6%
Over CHF 100 Million Negotiable Negotiable
The Management Fee is due and payable quarterly on 31 March, 30 June, 30 September and 31
December in arrears. The amount is calculated on the notional value of the assets at the end of each
management period, on 31 March, 30 June, 30 September and 31 December (“fee date”). For services
beginning during a calendar quarter, the compensation for the initial period is reduced pro rata to 31
March, 30 June, 30 September and 31 December, respectively.
The Performance Fee is 6% of the net capital appreciation if the performance exceeds the calculated
return of the hurdle rate on 31 March, 30 June, 30 September and 31 December. The hurdle rate is
subject to negotiation and individually defined for each Client. The Performance Fee is calculated on
a “High Watermark” basis. The Performance Fee is calculated quarterly on a cumulative basis and is
payable quarterly in arrears but not until all prior net losses are recouped.
Fees are charged in the Client’s base currency. In all cases, we may waive, discount or negotiate fees
at our sole discretion – this is stated in each Mandate.
You select the “qualified custodian” (“custodian”) to hold your Assets. We may provide you with
assistance or guidance on possible custodians, but the decision is yours.
Your custodian will value your Assets.
Based on your custodian’s calculation of the notional Asset value on the fee date, we will invoice the
fee agreed with you in your Mandate. We will send the invoice for the Fees due to your custodian.
Your custodian, acting as your agent, will deduct the Fees due to us from your account against the
invoice and pay us. Fees are not paid in advance.
You may terminate your Mandate without notice. Upon termination, Fees for the period from the first
date of the quarter to the date of termination are due and payable. The custodian will take steps for
the disposition or moving of assets after account closure, as required.
Our Fees are exclusive of and in addition to brokerage commissions, transaction fees, custody fees,
securities exchange fees, stamp duties and any other related costs, taxes and expenses. You pay these.
The investment managers of funds in which you would be invested also charge management and/or
performance fees, and these funds may charge other expenses. We do not participate in any portion
of these underlying fund internal fees. Neither ISPartners nor any of its officers, directors and
employees accepts compensation for the sale of securities or investment products from any source.