Fund Expenses

Most funds are structured in their LLC Agreement to have the right to pass on certain expenses to the fund, which in turn proportionally bears the cost of such expenses over the course of a given time period across its investors and members. This is commonly known in industry as an "expense ratio."

You should consult your fund documents to see exactly what expenses you bear the right to pass on or not, but if you are using Repool's standard fund-in-a-box set up, you'll generally have the right to pass on the following key costs:

• Fund formation related expenses

• Ongoing annual backoffice services costs

• Trading related expenses