Front-end load equals $3,170,921 (10%), with an acquisition fee of $1,020,500 and broker-dealer/wholesaling allowances of $317,092 each.
Front-end fee composition
Acquisition Fee$1.02M321.83%
Dealer Fee$0.32M100.00%
Wholesaling Fee$0.32M100.00%
Total front-end sponsor compensation$3,170,921 6.21% of acq. cost
Acquisition Fee
$1,020,500
321.83%
Dealer Fee
$317,092
100.00%
Wholesaling Fee
$317,092
100.00%
Total Front-end Fees
$3,170,921
6.21%
Strengths
- Disclosed fee breakdown across all selling and O&O categories.
- Selling commissions capped within the 10.0% aggregate load limit.
Concerns
- Acquisition fee of $1,020,500 payable to sponsor.
- High upfront frictional cost burden of $3,170,921.