Prince Street Capital Management LLC

Item 5. Fees and Compensation

Compensation and Fee Schedules

All investors should review the Governing Documents for the relevant Fund in conjunction with this
brochure for more complete information on the fees and compensation payable with respect to
a particular Fund.

The Adviser has executed either an investment management agreement or investment advisory
agreement with respect to each Fund that provides for the Adviser to receive a management fee
on the assets managed and/or an incentive allocation or fee based on the performance of the
Fund.

The basic fees charged to clients and investors in the Funds are currently a fixed annual
management fee generally equal to 0.75-2.0% of net assets, payable monthly in arrears. In
addition, with respect to certain Funds, the Adviser receives an annual performance fee or
allocation up to a maximum of 20% of the amount by which the net value of each account as of
the end of each calendar year exceeds the net market value of the account as of the beginning of
the year or a high watermark, as applicable. In certain Funds, such performance fee or allocation
is subject to a hurdle, i.e., the Adviser may receive a maximum of 20% of the amount the net
value of such shares exceeds a pre-determined benchmark hurdle as of the end of each calendar
year.

The management fee is usually deducted directly from the assets of each Prince Street Fund
account as such fees become payable, which is generally monthly in arrears. Upon termination
of any investor’s account, all management fees accrued as of the date of termination will be
payable. The performance fee or allocation, if any, is payable annually in arrears, or upon
termination of an investor’s account or withdrawal of capital from any Prince Street Fund. Such
amount will be deducted directly from the Prince Street Fund and the relevant client’s account,
if applicable.

In certain circumstances, the Adviser has agreed to advisory fees payable to the Adviser by
individual clients or investors in a Fund that are different than those stated in the Governing
Documents of the applicable Fund. In addition, the Adviser has waived fees for investors that are
principals, employees or affiliates of the Adviser. Investors in each Fund should refer to the
Governing Documents of the applicable Fund for additional information on the advisory fees
charged by the Adviser.

Some of the Prince Street Funds are permitted to charge investors a withdrawal fee of up to 5%
of the amount withdrawn within a certain period, which is paid to the fund as a charge for early
withdrawal or as a fee to cover the cost of the withdrawal.

Other Fees and Expenses

The Adviser’s clients are pooled investment vehicles (i.e., the Funds). Each Prince Street Fund is
responsible for its operating and other expenses relating to the Fund’s investment program and

          Prince Street Capital Management LLC –Part 2A of Form ADV: Firm Brochure –October 7, 2022

operations, including: all accounting, tax, legal, compliance and regulatory fees and expenses,
including anti-money laundering compliance and costs of preparing some regulatory filings;
organizational expenses; exchange fees; interest and other costs in connection with margin
accounts or other borrowings; borrowing charges on securities sold short; custodial fees; trustee
fees; brokerage commissions; bank service fees; interest on loans and debit balances; taxes, if any
(including without limitation, withholding or capital gains taxes imposed by the United States and
other countries, applicable to the Prince Street Fund on account of its operations); insurance
costs; and any other reasonable expenses related to the management and operation of the Prince
Street Fund or the purchase, sale or transmittal of the Prince Street Fund’s assets as described in
greater detail in the Governing Documents for each Prince Street Fund. Each Prince Street Fund
also pays all other fees and expenses relating to the Fund’s directors, administrator, corporate
secretary, registrar and transfer agent. With respect to Prince Street Funds that constitute a
master-feeder structure, each feeder fund bears a proportionate share of the expenses
associated with its related master fund. Prince Street Funds are also responsible for the costs of
research and data services (primarily through soft dollar arrangements as further described in

Types of Clients

The Adviser provides advice to pooled investment vehicles. Investors in the Funds include, from
time to time, financial institutions, corporations, partnerships, endowments, foundations,
individuals, trusts, estates, pension or profit-sharing plans and funds whose securities are not
publicly offered.

Although it does not currently do so, in the future the Adviser may also provide investment
management and supervisory services to separate account clients.

Minimum Investment Requirements

All investors in the Funds who are “U.S. Persons,” as defined under Regulation S under the
Securities Act must qualify as “accredited investors” as defined in Rule 501(a) of Regulation D
under the Securities Act, and “qualified purchasers” as defined in Section 2(a)(51) of the
Investment Company Act of 1940, as amended (the “Investment Company Act”).

Generally, investors must invest a minimum of US $1,000,000 in order to invest in each Prince
Street Fund. The general partner or the directors of each Prince Street Fund, as applicable, has
waived the minimum investment amount for certain investors and may do so in the future.

           Prince Street Capital Management LLC –Part 2A of Form ADV: Firm Brochure –October 7, 2022