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Prospectus checksProduct review4 concepts2 tools

Check the selected class before comparing performance

Confirm share class, management fee, incentive economics, servicing fees, loads, platform costs, and whether the return series is net of the same economics.

Output routeAdvisor packet to document check to tool to controlled example.
4Say this6Source checks2Tools1Examples

Advisor Packet

Start with usable language, then prove the mechanics.

Say this
  1. 01
    Prospectus checks

    Management fee base and whether leverage or gross assets affect the calculation.

  2. 02
    Prospectus checks

    Incentive fee structure, hurdle, catch-up, and lookback language if applicable.

  3. 03
    Prospectus checks

    Servicing fee, upfront load, dealer-manager cost, platform charge, and expense caps.

  4. 04
    Return comparison guardrails

    Confirm whether the return is net of the same share-class fees.

Verify this
  • Share class

    Confirm the exact class before comparing fees or returns.

  • Share class

    Check eligibility, minimums, loads, and servicing fees.

  • Share class

    Use class-level data when explaining client economics.

  • Servicing fee

    Confirm which share classes carry the charge.

  • Servicing fee

    Check annual rate, cap, and termination language.

  • Servicing fee

    Compare net return by share class before comparing funds.

Route the next stepUse the packet as the front door, then move into the exact Learn mode the question needs.
ConceptsAccessShare class

Share class appears in AltHarbor when share class, eligibility, servicing fee need plain-English explanation from the reference desk.

FeeServicing fee

Servicing fee appears in AltHarbor when servicing fee, share-class economics, distribution channel need plain-English explanation from the reference desk.

FeeUpfront load

Upfront load appears in AltHarbor when upfront load, invested capital, share class need plain-English explanation from the reference desk.

FeeFee drag

Fee drag appears in AltHarbor when fee drag, share-class cost, net return need plain-English explanation from the reference desk.

ToolsLiveShare Class Cost Comparator

Make share-class selection visible before advisors compare net performance.

LiveFee Drag Lab

Translate a fee table into the amount of performance consumed by wrapper and distribution economics.

Controlled examplesNon-traded BDC / fee stackMODEL-BDC-FEE: Model BDC wrapper and share-class economics

Use a controlled BDC scenario to connect wrapper structure, servicing fees, and share-class comparison before discussing performance.

PathsCore / 71 minEvaluate a first fund

Turn a fund pitch into a source-backed diligence agenda.

Core / 41 minFees and performance

Compare performance after understanding what the return includes.

Intro / 62 minExplain it to a client

Translate product mechanics into clear client language.

Core / 50 minAdvisor operations

Know the operational questions before a client signs paperwork.

Use the outputLanguage first, then document route, lab, controlled example, and broader path.
  1. 01Advisor language
    Use the language

    Confirm share class, management fee, incentive economics, servicing fees, loads, platform costs, and whether the return series is net of the same economics.

    Prospectus checks
  2. 02Source check
    Verify the claim

    Confirm the exact class before comparing fees or returns.

    Share class
  3. 03Tool
    Pressure-test the mechanic

    Make share-class selection visible before advisors compare net performance.

    Share Class Cost Comparator
  4. 04Controlled example
    Apply it to a model scenario

    Use a controlled BDC scenario to connect wrapper structure, servicing fees, and share-class comparison before discussing performance.

    MODEL-BDC-FEE: Model BDC wrapper and share-class economics
  5. 05Path
    Continue the workflow

    Turn a fund pitch into a source-backed diligence agenda.

    Evaluate a first fund

Advisor Output

Use the language, then verify the source.

Prospectus checks

Fee language needs to be read at the selected share-class level.

  • Management fee base and whether leverage or gross assets affect the calculation.
  • Incentive fee structure, hurdle, catch-up, and lookback language if applicable.
  • Servicing fee, upfront load, dealer-manager cost, platform charge, and expense caps.
Return comparison guardrails

A return series is only comparable after the economics match.

  • Confirm whether the return is net of the same share-class fees.
  • Check whether distributions are included, reinvested, or shown separately.
  • Use the fee labs to translate basis points into dollar drag before presenting the comparison.

Source Concepts

Terms and document proof behind this output.

Related Tools

Use the lab to pressure-test the language.

LiveShare Class Cost ComparatorMake share-class selection visible before advisors compare net performance.LiveFee Drag LabTranslate a fee table into the amount of performance consumed by wrapper and distribution economics.

Controlled Examples

Apply the output to a model inspection case.

Private CreditMODEL-BDC-FEE
Non-traded BDC / fee stack

Model BDC wrapper and share-class economics

Use a controlled BDC scenario to connect wrapper structure, servicing fees, and share-class comparison before discussing performance.

Open Learn example
Related workflow

Continue from output to the learning surface that owns the mechanic.

Use before comparing performance, yield, or peer rankings across classes or products.

Open related workflow

Learning Paths

Where this output fits in the broader education system.

Core / 71 minEvaluate a first fundTurn a fund pitch into a source-backed diligence agenda.Core / 41 minFees and performanceCompare performance after understanding what the return includes.Intro / 62 minExplain it to a clientTranslate product mechanics into clear client language.Core / 50 minAdvisor operationsKnow the operational questions before a client signs paperwork.