Portfolio Fee Structure

• The Avenue Bond Portfolio’s management fee is 0.80% of assets under management.
  
  
• The Avenue Total Return Equity Portfolio’s management fee is 1.5% of assets under management +/- applicable Management Fee reductions or Performance Fee.
  
  Note: For Avenue Total Return Equity Portfolios under $500,000, the management fee is 2.0% of assets under management.

There are no deferred sales charges or front load fees which are payable by our clients

All performance fees are net of fees (i.e. trading commissions etc.).