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Source proof6 concepts0 model scenarios3 outputs

Fees / share class document route

Which fee is reducing the client-level return?

Document routeShare class -> Fee table -> Expense statement -> Fee Drag Lab
5Steps4Checks6Learn routes3Documents

Source Workflow

Find the document family before turning a claim into education.

  1. 01Frame the advisor question

    Which fee is reducing the client-level return?

  2. 02Find the primary source

    Prospectus fee table or share-class supplement

  3. 03Walk the document route

    Share class -> Fee table -> Expense statement -> Fee Drag Lab

  4. 04Inspect the required fields

    Whether the compared return is net of the same economics. Class-level servicing or distribution fees.

  5. 05Route into Learn

    Use the related concept, tool, controlled example, or advisor output before relying on the claim.

What to inspect
  • Whether the compared return is net of the same economics.
  • Class-level servicing or distribution fees.
  • Incentive-fee hurdle, catch-up, or lookback terms.
  • Loads or platform costs that reduce invested capital.
Where AltHarbor uses it

Connects share-class tables, illustrative fee-stack scenarios, and advisor explanations of net return gaps.

Open decoder
Use the proof

Route from the document family into concepts, labs, controlled examples, and outputs.

ToolFiling Trail Decoder

Return to the controlled decoder when the document family is not clear yet.

LiveConceptManagement fee

The recurring fee paid to the manager for running the strategy.

FeeToolFee Drag Lab

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

LiveControlled exampleMODEL-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.

Non-traded BDC / fee stackAdvisor outputCheck the selected class before comparing performance

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

Prospectus checksPathEvaluate a first fund

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

Core / 71 min

Supporting Documents

Use these when the primary source does not answer the full advisor question.

Statement of operationsDistributor agreementPlatform share-class schedule