ARTICLE
14 October 2015

New Public Alternative Funds

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Herbert Smith Freehills Kramer LLP

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New Public Alternative Funds
United States Finance and Banking
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New Public Alternative Funds

8 October, 2015 | Print this page
Fund Name: Palmer Square Strategic Finance Fund
Adviser: Palmer Square Capital Management LLC
Sub-Adviser(s): None
Fees: Not Specified
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $5 million minimum initial investment; $2,500 minimum subsequent investment
Filing Date: Sept. 21, 2015
Effective Date: Pending
   
Fund Name: Total Income+ Mortgage Fund
Adviser: Bluerock Fund Advisor LLC
Sub-Adviser(s): None
Fees: 1.5% Management Fee
Open- or Closed-End: Closed-End (Quarterly repurchase)
Investor Restrictions: $1 million minimum initial investment (Class I); $2,500 minimum initial investment for regular accounts; $1,000 minimum initial investment for retirement plan accounts (Class A and C)
Filing Date: Sept. 17, 2015
Effective Date: Pending
   
Fund Name: Ivy Apollo Strategic Income Fund
Adviser: Ivy Investment Management Company
Sub-Adviser(s): Apollo Credit Management LLC
Fees: 0.68% of net assets up to $1 billion; 0.62% of net assets over $1 billion and up to $2 billion; 0.58% of net assets over $2 billion and up to $3 billion; and 0.57% of net assets over $3 billion.
Open- or Closed-End: Open-End (Mutual Fund)
Investor Restrictions: $750 minimum initial investment.
Filing Date: Sept. 30, 2015
Effective Date: Oct. 1, 2015
   
Fund Name: Catalyst Hedged Commodity Strategy Fund
Adviser: Catalyst Capital Advisors LLC
Sub-Adviser(s): None
Fees: 1.75% Management Fee
Open- or Closed-End: Open-end (Mutual Fund)
Investor Restrictions: $2,500 minimum initial investment, $100 minimum subsequent investment
Filing Date: May 5, 2015
Effective Date: Aug. 14, 2015
   
Fund Name: Catalyst IPOx Allocation Fund
Adviser: Catalyst Capital Advisors LLC
Sub-Adviser(s): None
Fees: 1.50% Management Fee
Open- or Closed-End: Open-End (Mutual fund)
Investor Restrictions: $2,500 minimum initial investment, $100 minimum subsequent investment
Filing Date: May 5, 2015
Effective Date: Aug. 14, 2015

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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