Fees and Compensation — Form ADV Part 2A (9/12/2017)
[Brochure]
Item 5. Fees and Compensation
A.
See Item 4.B. above.
B.
Fees are calculated and deducted from client assets monthly or quarterly by the administrator of each Fund. See Item 4.B.
above.
C.
No fees are charged other than those described in Item 4.B. above. Clients will also incur brokerage and other transaction
costs. See also Item 12.
D.
Fees may be paid to SBAM in advance. SBAM will provide a pro rata refund to the Fund in the event it does not manage
the assets of the Fund for the full quarter. See also Item 4.B. above.
E.
No supervised person of SBAM accepts compensation for the sale of securities or other investment products in connection
with SBAM’s advisory services.
Account Minimums and Types of Clients — Form ADV Part 2A (9/12/2017)
[Brochure]
Item 7. Types of Clients
SBAM generally provides investment advice to pooled investment vehicles such as the Funds, as described above.
Filed 2009-03-23 (D) · Exemption 506, 3(c), 3(c)(1) · Minimum $500,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
Filed 2009-03-23 (D) · Exemption 506, 3(c), 3(c)(1) · Minimum $250,000 · Remaining Indefinite · Duration More than one year · Net Assets Decline to Disclose
AUM Breakdown
Accounts
AUM ($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
0
0.0
(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