Reference desk

The filing, prospectus, report, or manager disclosure supporting a claim.

Use before applying strategy or performance claims so the wrapper does not get confused with the underlying asset class.

Inspect controlled model events tied to this mechanic.

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

Use when turning a product review into a source-backed investment committee note.

A business development company that is registered but not exchange listed.

Use before applying strategy or performance claims so the wrapper does not get confused with the underlying asset class.

Inspect controlled model events tied to this mechanic.

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

Use when a client needs a concise explanation of what the wrapper controls before performance is discussed.

A distribution or shareholder-servicing charge often tied to retail share classes.

Route an advisor from a product question to the document type most likely to prove it.

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

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

The accepted amount divided by the amount investors requested to redeem.

Show proration, deferred demand, and why a stated cap is not the same as a guaranteed exit.

Inspect controlled model events tied to this mechanic.

Use a model private-equity tender cycle to show why an exit window is not the same thing as daily liquidity.

Use when a fund has repurchase pressure, a partial fill, or a client asks what happens when requests exceed capacity.