Marquest Investment Funds by ijr13051

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									                           Marquest Investment Funds
                        Management and Performance Fees

   Marquest Investment Funds            Base Management Fee                   Annual Performance Fee


  Bridge;                        Annual management fee of 2.0%.       20% of the cumulative increase in the
                                 Calculated and paid monthly.         Unit Value, excluding any distributions
  Asset Allocation;
                                                                      to unitholders, over the threshold
                                                                      annualized increase of 10% plus the
                                                                      management fee.
                                                                      Calculated monthly, paid annually.



  Equity Growth;                 Annual management fee of 1.75%.      20% of the cumulative increase in the
  Resource;                      Calculated and paid monthly.         Unit Value, excluding any distributions
                                                                      to unitholders, over the threshold
  Dividend Growth;
                                                                      annualized increase of 10% plus the
                                                                      management fee.
                                                                      Calculated monthly, paid annually.




  Short Term Income;             Annual management fee of 0.5%.       No performance fees for this Fund
                                 Calculated and paid monthly.




Each Fund will be required to pay GST at the rate of 5% on the management and performance fees that it pays
to the Manager.


Performance Fees:
The fees are calculated as 20% of the Fund return over the total of the threshold plus the management fee.
Therefore, for Equity Growth, Resource and Dividend Growth Fund, the fee is 20% of the return over 11.75%,
(10% threshold plus 1.75% management fee) and for Bridge Fund the fee is 20% of the return over 12% (10%
threshold plus 2% management fee).
For the purpose of calculating the performance fees, to the extent that the return in any given payment period
does not exceed the threshold, then the amount by which the return falls below the threshold will be carried
forward for a period of one year and deducted from the amount of any return on which the performance fee is
calculated in the subsequent year.

								
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