Sponsor-related compensation and third-party fees include an acquisition fee of $1,331,924, a 0.40% annual asset management fee, a $750,639 dealer fee, and $1,591,354 in BD allowances.
Front-end fee composition
Acquisition Fee$1.33M2.22%
Carrying Costs$60.05M100.00%
Dealer Fee$0.75M1.25%
Total front-end sponsor compensation$5,674,827 11.72% of acq. cost
Acquisition Fee
$1,331,924
2.22%
Carrying Costs
$60,051,084
100.00%
Dealer Fee
$750,639
1.25%
Total Front-end Fees
$5,674,827
11.72%
Strengths
- Annual asset management fee is standard at 0.40%
Concerns
- Acquisition fee is $1,331,924
- Broker-dealer allowances total $1,591,354