Item 5 - Fees and Compensation
One01 charges Investors in its funds management fees and performance-based profit allocations
(“Performance Allocations”). Those Investors are all “qualified purchasers” as defined in the Investment
Company Act of 1940 or “knowledgeable employees”. As a result, detailed information regarding the
management fees and Profit Allocations is not required to be provided herein. One01 may waive or
reduce all or any portion of the management fees or Performance Allocations with respect to any investor
in a Fund as well as any management fees or performance-based allocations or fees with respect to any
other Client. One01 deducts management fees and Performance Allocations directly from Client
accounts.
To the extent that a Client invests in mutual funds or ETFs, such Client also bears indirectly the investment
advisory fees to the managers of those funds.
One01 believes that its fees and Performance Allocations are competitive with fees charged by other
investment advisers for comparable services. Comparable services may be available, however, from
other sources for lower fees.
The disclosure in this Item 5, together with the disclosure in Item 12, allow a plan that is subject to the
Employee Retirement Income Security Act of 1974 and that invests in a Fund to use the “alternative
On March 13, 2024, One01 decided to liquidate the Funds. The Funds will deem all investors to have withdrawn/redeemed from
the Funds as of March 31, 2024. One01 anticipates returning approximately 95% of each investor’s estimated capital in April 2024,
with any remaining amount at a later date post final audit.
reporting option” to report the Fund’s compensation as “eligible indirect compensation” on the Schedule
C of the plan’s Form 5500 Annual Return/Report of Employee Benefit Plan.
One01’s relationships with the Funds are terminable on termination of the applicable investment
management agreement, expiration of the applicable Fund’s term, dissolution of the Fund or on One01’s
withdrawal as general partner of such Fund. An Investor may withdraw/redeem from a Fund on specified
dates as provided in the Governing Documents. One01’s relationships with any other Clients are
terminable on termination of the applicable investment management agreement.
In all cases, expenses, the pro rata portion of the management fee and the Performance Allocation or
fee through the date of termination are charged to the Client. All prepaid but unearned advisory fees
are refunded on termination of a Client’s account. An Investor who withdraws from a Fund on a date
other than the last day of a quarter or other appropriate period, however, does not receive a refund of
the management fee previously paid.
Each Fund or other Client is responsible for its own costs and expenses as detailed in the Governing
Documents. Such costs and expenses include, but are not limited to, organizational expenses, trading
costs and expenses (such as brokerage commissions, expenses related to short sales, and clearing and
settlement charges), research-related fees and expenses, ongoing legal, accounting, administrative,
audit, tax and bookkeeping fees and expenses, and taxes, governmental registrations and offering-
related expenses.