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6. Transactions With Manager and Affiliates
12 Months Ended
Mar. 30, 2018
Notes  
6. Transactions With Manager and Affiliates

6.       Transactions with Manager and Affiliates

 

Pursuant to the terms of the Trust Agreement, the Trust incurs an annual management fee (the “Management Fee”) payable to the Manager for its services in connection with the management of the affairs of the Trust. The annual Management Fee is equal to 0.5% of Invested Assets (as such term is defined in the Trust Agreement). The Trust incurred Management Fees of $41,425 and $65,709 for the years ended March 30, 2018 and 2017, respectively. Unpaid Management Fees in the amount of $8,434 and $456,082 are reflected as payable to manager and affiliates in the accompanying balance sheets as of March 30, 2018 and 2017, respectively.