Front-end load includes $8,056,358 in total offering and O&O expenses, encompassing up to 6.0% selling commissions, $1,067,514 in BD due diligence allowances, and a $533,757 dealer fee. Annual asset management fee is $60,000.
Front-end fee composition
Dealer Fee$0.53M0.50%
Total front-end sponsor compensation$8,056,358 8.49% of acq. cost
Dealer Fee
$533,757
0.50%
Total Front-end Fees
$8,056,358
8.49%
Strengths
- Predictable annual asset management fee fixed at $60,000
Concerns
- Upfront fees and commissions total 7.55% of offering price