Fees and Compensation — Form ADV Part 2A (3/29/2022)
[Brochure]
Item 5: Fees and Compensation
A. Fee Schedule
Investment Management Services Fees
Total Assets Under Management Annual Management Fee
All Investor Committed Capital 1.00%
Management Fees depend upon the Advisory Client, and the fee schedule is disclosed to each
Advisory Client in the Governing Documents of the Funds. Management Fees accrue monthly
in advance and no refunds are provided. While provisions vary among the Adviser’s
Investment Management Agreements, generally Clients may not terminate their accounts
except with cause.
Account Minimums and Types of Clients — Form ADV Part 2A (3/29/2022)
[Brochure]
Item 7: Types of Clients
The Adviser generally provides management services to Funds that invest in CMO securities.
Minimum Account Size
There is a Fund investment minimum of $50,000.00 which may be waived by the Adviser of
a Fund at its sole discretion.
Offered $50,000,000 · Filed 2013-05-20 (D) · Exemption 506, 3(c), 3(c)(1) · Remaining $50,000,000 · Duration One year or less · Net Assets No Aggregate Net Asset Value
Offered $50,000,000 · Filed 2014-05-15 (D) · Exemption 506(b), 3(c), 3(c)(1) · Minimum $50,000 · Remaining $50,000,000 · Duration More than one year · Net Assets No Aggregate Net Asset Value
Offered $50,000,000 · Filed 2012-01-18 (D) · Exemption 506, 3(c), 3(c)(1) · Minimum $50,000 · Remaining $50,000,000 · Duration More than one year · Net Assets No Aggregate Net Asset Value
Offered $50,000,000 · Filed 2012-01-18 (D) · Exemption 506, 3(c), 3(c)(1) · Minimum $50,000 · Remaining $50,000,000 · Duration More than one year · Net Assets No Aggregate Net Asset Value
Offered $50,000,000 · Filed 2012-01-18 (D) · Exemption 506, 3(c), 3(c)(1) · Minimum $50,000 · Remaining $50,000,000 · Duration More than one year · Net Assets No Aggregate Net Asset Value
AUM Breakdown
Accounts
AUM ($M)
By Client Type
(a) Individuals (other than high net worth individuals)
0
0.0
(b) Individuals (high net worth individuals)
0
0.0
(c) Banking or thrift institutions
0
0.0
(d) Investment companies
0
0.0
(e) Business development companies
0
0.0
(f) Pooled investment vehicles
7
129.5
(g) Pension and profit sharing plans
0
0.0
(h) Charitable organizations
0
0.0
(i) State or municipal government entities
0
0.0
(j) Other investment advisers
0
0.0
(k) Insurance companies
0
0.0
(l) Sovereign wealth funds and foreign official institutions
0
0.0
(m) Corporations or other businesses not listed above