Parkview Ltd

Item 5. Fees and Compensation                              Other fees you may incur

For its discretionary asset management service and         Fees charged by Parkview do not include custodian
nondiscretionary asset management service,                 fees, fees for trade settlement, brokerage commis-
Parkview charges a fee for its services based on a per-    sions, taxes or any other fee or taxes imposed by the
centage of the market value of assets under manage-        custodian bank or the broker or National Authorities.
ment. The fixed asset management fee for discretion-       The fees also do not include management or other
ary and nondiscretionary asset management services         fees charged by funds or other products that client
is charged quarterly in arrears and is calculated on the   accounts may be invested in from time to time. It is
basis of the average Net Asset Value (NAV) of all as-      Parkview’s philosophy to generally invest in the least
sets managed during a calendar quarter. The annual         expensive available share class.
fees range from 0.4% to 1%, depending on the size
and complexity of the mandate.

Item 7. Types of Clients                                   vate funds on a limited basis. Investments in private
                                                           funds are available to “accredited investors” or “quali-
Parkview offers investment management services to          fied purchasers,” and they typically require investors
international high net worth individuals and families      to lockup their assets for a period of time. These in-
as well as institutional investors (e.g. charitable en-    vestments may have limited, or no liquidity and they
dowments and financial institutions). These investors      may involve different risks than investing in registered
may use trusts or other entities to control their liquid   funds and other publicly offered and traded securi-
assets. Such entities in some occasions can become         ties. Parkview relies on the valuation and perfor-
the contracted client of the firm.                         mance data provided directly from the private funds.
                                                           Private funds may often be delayed in providing
Parkview also provides services to individual’s invest-    Parkview with the valuation information; therefore,
ments held within personal retirement accounts             Parkview may likewise be delayed in reporting this in-
(IRA’s).                                                   formation to the client. Parkview will rely on the ac-
                                                           curacy of a client’s representations in making corre-
Generally, Parkview works with clients with a mini-        sponding representations regarding the investment
mum of $10 million of assets under management.             restrictions on behalf of the client’s account in con-
Parkview may accept accounts below the minimum             nection with certain derivative and other transac-
requirements or may retain accounts that have              tions. Parkview also requires notification by the client
dropped below the minimum requirement due to               if the client’s representations become inaccurate.
market fluctuation or investment performance. Ac-
counts that have family, corporate or other relation-      In certain cases, Parkview may provide asset alloca-
ships may be aggregated for purposes of the mini-          tion recommendations that may include real estate
mum account size.                                          holdings. These holdings are acquired through real
                                                           estate investment trusts (REITs) and other investment
                                                           vehicles. Parkview does not invest in real properties.