Total upfront load is 8.7%, including a $3,747,300 dealer fee, $1,086,717 wholesaling fee, and $936,825 each in BD marketing and DD allowances.
Front-end fee composition
Dealer Fee$3.75M5.00%
Wholesaling Fee$1.09M1.45%
Total front-end sponsor compensation$6,520,302 6.02% of acq. cost
Dealer Fee
$3,747,300
5.00%
Wholesaling Fee
$1,086,717
1.45%
Total Front-end Fees
$6,520,302
6.02%
Strengths
- Total selling commissions and expenses capped at 8.7% of total sales
Concerns
- Dealer fee of $3,747,300 and wholesaling fee of $1,086,717