Fees and Compensation — Form ADV Part 2A (1/2/2019)
[Brochure]
Item 5: Fees and Compensation
Management Fee
The fees applicable to each Client are set forth in detail in each Fund’s offering documents or
SMA’s Investment Management Agreement (“IMA”). The Firm receives an annual management
fee up to 1.8% per annum in respect of the net asset value (“NAV”) of the Funds without
accrual of unearned management fees and performance allocation (“Management Fee”). The
Management Fees are generally paid monthly in arrears.
Qato Capital Pty Limited Form ADV Part 2A
The Management Fee may be varied by agreement in writing between the Fund and the
Firm and the Firm may rebate or waive any Management Fee, in whole or in part, at any
time, including during the winding up of the Fund’s business.
The Funds may from time to time enter into Side Letters providing for changes in
management fees and performance allocation.
The Funds pay for organizational and initial offering expenses as well as ongoing operating
expenses, including but not limited to, accounting, auditing, tax preparation, legal,
administration, research, and trading costs. The Funds may incur brokerage and other
transaction costs.
The Funds may also incur brokerage and trading fees, other transaction costs, research
fees and administrator’s fees. Fund expenses are accrued daily and settled monthly.
Clients with SMAs may or may not pay the same Management Fee as stated above.
Brokerage Fees
The Fund is responsible for paying any and all brokerage fees including, without limitation,
commissions, annual fees, brokerage charges, bank charges, registration fees, clearing and
settlement charges, taxes and/or duties.
Expenses of the Initial Contribution Period
The Funds pay the expenses of organizing the Funds by reimbursing the Firm. These
expenses are exclusive of the Firm’s operating expense reimbursements.
Account Minimums and Types of Clients — Form ADV Part 2A (1/2/2019)
[Brochure]
Item 7: Types of Clients/ Eligible Investors
Qato Capital provides investment advice to Clients.
The minimum initial investment amount varies depending on the Client and is in the range
of AUD 250,000 and USD 1,000,000, depending on the base currency of the Fund. In
certain circumstances, minimum investment amounts may be amended by directors in
consultation with the Firm.
All SMA Clients will be required to enter into a separate management agreement with the
Firm. The Firm may require a minimum account size to be determined on a case by case
basis.
Qato Capital Pty Limited Form ADV Part 2A