Sponsor and broker-dealer fees include an acquisition fee of $677,500, annual asset management fee of $77,668, selling commissions up to 6.0%, dealer fee of $1,553,352, wholesaling fee of $1,553,352, and BD allowances totaling $1,553,352.
Front-end fee composition
Acquisition Fee$0.68M0.87%
Dealer Fee$1.55M2.00%
Wholesaling Fee$1.55M2.00%
Total front-end sponsor compensation$7,740,082 9.97% of acq. cost
Acquisition Fee
$677,500
0.87%
Dealer Fee
$1,553,352
2.00%
Wholesaling Fee
$1,553,352
2.00%
Total Front-end Fees
$7,740,082
9.97%
Strengths
- Asset management fee fixed at $77,668 annually
Concerns
- Selling commissions of up to 6.0%
- Acquisition fee of $677,500 and disposition fee of 2%