Fund Terms

Level 3 is registered as a Portfolio Manager, Investment Fund Manager and Exempt Market Dealer in Ontario, Quebec, Manitoba, Saskatchewan, Alberta and British Columbia.


Monthly; $25,000 minimum (for accredited investors)


Monthly with 60 days’ notice

Management Fee Class A

1.5% per annum

Management Fee Class B

1% + performance fee

Performance Fee

15% of growth in NAVPU above High-Water Mark

High Water Mark

Yes, accretes 4% per annum


National Bank Independent Network

Legal Counsel

WeirFoulds LLP

Fund Auditor

PricewaterhouseCoopers LLP

Fund Admin

SS&C Commonwealth


For more information, contact Level 3 for the Fund’s Offering memorandum for more detailed information.