Sponsor fees include an acquisition fee of $988,622, total offering expenses of $3,078,040, and an ongoing annual asset management fee of $16,884.
Front-end fee composition
Acquisition Fee$0.99M2.31%
Total front-end sponsor compensation$3,078,040 4.08% of acq. cost
Acquisition Fee
$988,622
2.31%
Total Front-end Fees
$3,078,040
4.08%
Strengths
- Low ongoing annual asset management fee of $16,884
Concerns
- Upfront acquisition fee of $988,622