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5. SERVICE FEES
9 Months Ended
Sep. 30, 2019
Service Fees  
SERVICE FEES

NOTE 5 - SERVICE FEES

 

As compensation for the continuing services of the selling agents to the Class A Limited Partners, Class A Interests pay the selling agents an ongoing monthly payment of 0.166% (2% annually) of the net asset value of interests sold by the agents that are outstanding at month-end. As compensation for the continuing services of the selling agents to the Limited Partners holding Institutional Interests, the selling agents may elect the Institutional Interests to pay the selling agents an ongoing monthly payment of 0.0417% (0.50% annually) of the net asset value of Institutional Interests sold by the agents that are outstanding at month-end. For the three and nine months ended September 30, 2019, service fees for Class A Interests were $44,564 and $156,855, respectively. For the three and nine months ended September 30, 2018, service fees for Class A Interests were $87,238 and $280,791, respectively. There were no service fees for Institutional Interests for the three and nine months ended September 30, 2019 and 2018.