Example
of Innovative Fee Structure
Example: Portfolio 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.
| Year |
Example |
Management |
Performance |
Total |
| |
Returns |
Fee* |
Fee** |
Fee |
| 2008 |
-35% |
0.75% |
0.00% |
0.75% |
| 2007 |
10% |
1.50% |
0.00% |
1.50% |
| 2006 |
17% |
1.50% |
0.70% |
2.20% |
| 2005 |
24% |
1.50% |
1.00% |
2.50% |
| 2004 |
15% |
1.50% |
0.50% |
2.00% |
* Charged in the following calendar year (quarterly in arrears)
** Charged after calendar year that performance is achieved
Displayed investment returns are hypothetical and should not be construed as a forecast or projection of expected returns. Past performance does not guarantee future investment returns. Displayed returns are the unaudited returns of the S&P/TSX 2004-2008. The Management Fee listed is for an Avenue Total Return Equity Portfolio of greater than $500,000.
|
