Our philosophy is to be paid for the positive growth performance of your investments.  Basically, when you make money, we make money and vice versa.   If we do not enhance your returns, then we don’t get paid.  By aligning our interests from the start, you can feel comfortable that Logic is working for you no matter what the market is doing.  Unless discussed otherwise, our fees are as follows:

• 2% of NAV p.a. (Net Asset Value per annum) and 20% of performance above high watermark. A high water mark ensures the Manager must exceed the highest previous portfolio valuation before receiving any performance fee. This means the Manager can not benefit more than once for the same performance.

• We receive softdollar commission payment from the brokers we use.  This is between 0.2% and 0.6% of the 1% brokerage fee charged by the broker.