Page 10 - Introduction and Overview of 40 Act Liquid Alternative Funds

10 | Introduction and Overview of 40 Act Liquid Alternative Funds
Chart 3: Open-End Managed Futures Mutual Fund
Chart 3
Open-End Managed Futures Mutual Fund
Mutual Fund - Registered Investment Company
Security Listed on Public Exchanges
Key Service
Providers
Independent Board
of Directors Investment Manager
Controlled Foreign
Corporation (CFC)
Distribution Agents
Key Service
Providers
MF
Administrator Sponsor
Custodian
Investor
Services
P&L Net
of Fees
100%
Ownership
Trading & Financing
Counterparties
Executing
Brokers FCMs
Single Pool of Assets
Commodities & Futures
Contracts on Commodities
Commodities Trading
Advisers (CTAs)
25%
of Assets 100%
of Profits