Fees and Compensation — Form ADV Part 2A (6/1/2020)
[Brochure]
Item 5 Fees and Compensation
Management Fee
Matarin believes its Clients should benefit from any outperformance realized on their behalf
while providing the Firm with reasonable financial incentives to align its interest with theirs.
Our fees are structured to achieve this goal. For all currently-available products, generally 75%
of our targeted outperformance will accrue to Clients.
Management fees and minimum account size for long-only separately managed accounts are
negotiable.
Fee Structure - Long-Only U.S. Investment Strategy
• North America Small Cap: 1% on the first $10 million; 70 basis points on the next $50
million; 60 basis points on the next $40 million; 40 basis points on the balance.
• Large Cap Core: 35 basis points on the first $50 million; 20 basis points on the next $50
million; 15 basis points on balance.
• MicroCap: 1% on all assets.
MATARIN CAPITAL MANAGEMENT
• Low Volatility: 35 basis points on all assets.
Note that no fees are charged to the all-cap low volatility account that is owned by a principal of
Matarin.
Separately Managed Accounts
For separately managed accounts of external clients, both management fees and performance
fees (if any) are billed quarterly in arrears.
Collective Investment Trust – External Investors
Matarin U.S. Small Cap CIT Fund Trustee Fee
Matarin U.S. Small Cap CIT Fund – Founders Class 0.70%
Matarin U.S. Small Cap CIT Fund – Institutional Class 1 0.90%
Matarin U.S. Small Cap CIT Fund – Institutional Class 2 0.80%
Founders Class (open to each participating plan until the aggregate net assets in the CIT reach
$100 million), Institutional Class I (available to each participating plan making an initial
investment of less than $10 million once the Founders Class has closed); and Institutional Class
2 (available to each participating plan making an initial investment of $10 million or more one
the Founders Class has closed).
Matarin International Long-Term Index and Matarin Global Long-Term Index
The Matarin Global and International (ex-North America) Long-Term Indices have not yet been
funded. Fee structures are under discussion and will vary depending on type of client and type
of structure.
Fees Charged to Principals and Certain Early Investors
Due to the special relationship with its principals and certain early investors, Matarin may
charge a reduced or no fee for providing investment management services to them.
Other Fees and Expenses
Matarin’s fees are exclusive of brokerage commissions, transaction fees, and other related costs
and expenses, which shall be incurred by the applicable Client. Clients may incur certain
charges imposed by custodians, brokers, and other third-parties such as fees charged by
managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire
MATARIN CAPITAL MANAGEMENT
transfer and electronic fund fees, and other fees and taxes on brokerage accounts and
securities transactions.
Item 12 further describes the factors that the Firm considers in selecting or recommending
broker-dealers for Clients’ transactions and determining the reasonableness of their
compensation (e.g., commission rates and mark-ups and mark-downs).
Account Minimums and Types of Clients — Form ADV Part 2A (6/1/2020)
[Brochure]
Item 7 Types of Clients
MATARIN CAPITAL MANAGEMENT
Matarin provides investment advisory services to various types of institutional investors
including but not limited to public pension plans, corporate pension plans, insurance
companies, foundations, endowments, High Net Worth Individuals, managers of manager
programs and a pooled investment vehicle.
The minimum account size for a long-only U.S. equity separately managed account is:
North America Small Cap $20 Million
Large Cap Core $10 Million
MicroCap $10 Million
Low Volatility $10 Million
Management fees and minimum account size for long-only separately managed accounts are
negotiable.