Fee Schedule for Separate Accounts
|
 | Single Strategy
U.S. Equity
International Equity
|
| Multiple Strategies
Global Equity = U.S. Equity + International Equity
Flexible Global = Global Equity + Non-equity Assets
|
| .90 of 1% per annum on the first $3 million of assets, |
| .60 of 1% per annum on the next $7 million of assets, |
| .40 of 1% per annum on the next $10 million of assets.
(multiple strategies will be combined and prorated)
Plus
10% of the net annual return that exceeds 10%, with a "high water mark"
|
Minimum Fee
|
| For a single strategy (i.e. U.S. Equity): $2,500 per quarter/$10,000 per year |
| For multiple strategies (i.e. Flexible Global): $5,000 per quarter/$20,000 per year |
| The annual performance fee, if any, is not included in the minimum fee
|
Note on Performance Fees
|
To meet the requirements of SEC rule 205-3, the investor must have a net worth (including
assets held jointly with a spouse) of at least $1.5 million, of which at least $750,000 is at FCM
Investments. Performance fees, if any, are charged annually as of June 30.
|
Example of Total Fees With a Performance Fee
|
|
Gross return, before fees |
10.0 % |
20.0 % |
30.0 % |
40.0 % |
|
Less: Maintenance fee |
(0.9) |
(0.9) |
(0.9) |
(0.9) |
|
Performance fee |
(0.0) |
(0.9) |
(1.9) |
(2.9) |
|
Total fee |
(0.9) |
(1.8) |
(2.8) |
(3.8) |
|
Net return, after fees |
9.1 % |
18.2 % |
27.2 % |
36.2 % |
|
