greater of 90% of previous year and 0.25% 12.5% on a whole fund basis 8% (with 100% catch-up) Yes -ease read the conlident-A private plawrieni, memorandten ot the) Fin) -Mertiorarklum") tor the full dkteleAttre of risk factors. conflicts of irseress conykisteterrns arld regulatory and tav considerationsof the, Fund