Fees and Compensation — Form ADV Part 2A (3/29/2019)
[Brochure]
Item 5. Fees and Compensation
PhaseCapital receives a management fee (the “Management Fee”) from the Sub-Advised Fund as
set forth in the prospectus. No refunds of any Management Fees will be made. PhaseCapital, in
its sole discretion, may reduce, waive or rebate the Management Fee with respect to the Sub-
Advised Fund.
The following table describes the fees and expenses PhaseCapital receives from the Sub-Advised
Fund. This table does not include the brokerage commissions that investors may pay on their
purchases and sales of Shares.
Clients incur brokerage and other transaction costs as described above. See Item 12 for further
information regarding brokerage.
Clients are not required to pay fees in advance.
PhaseCapital and its supervised persons do not accept any compensation for the sale of securities
or other investment products, including any interests in Clients.
Account Minimums and Types of Clients — Form ADV Part 2A (3/29/2019)
[Brochure]
Item 7. Types of Clients
PhaseCapital currently provides investment management services to the Clients. The Sub-
Advised Fund’s investment strategy is set forth in the prospectus. The Sub-Advised Fund
PhaseCapital manages is a Registered Investment Company. The Sub-Advised Fund will issue
(or redeem) Shares to certain institutional investors (typically market makers or other broker-
dealers) only in large blocks of at least 50,000 Shares. There is no minimum investment or
account size requirement.