Innovative Equity Management Fee Example
Example: Equity Portfolio Calendar year return is 14%.
Avenue Investment Management receives 10% of the 4%
excess, which equals 40 basis points. This is in addition to the
management fee that is payable to Avenue Investment Management.
| Hypothetical |
Management |
Performance |
Total |
| Returns |
Fee* |
Fee** |
Fee |
| Below 0% |
.75% |
|
0.75% |
| 0% |
1.50% |
|
1.50% |
| 10% |
1.50% |
|
1.50% |
| 11% |
1.50% |
0.10% |
1.60% |
| 14% |
1.50% |
0.40% |
1.90% |
| 20% |
1.50% |
1.00% |
2.50% |
| Above 20% |
1.50% |
1.00% |
2.50% |
* Charged in the following calendar year (quarterly in arrears)
** Charged after calendar year that performance is achieved
Sample returns should not be construed as a forecast or projection of expected returns. Past performance does not guarantee future investment returns. The Management Fee listed is for an Avenue Total Return Equity Portfolio of greater than $500,000.
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