FEE SCHEDULE

PHX Commission Policy Requirements for stocks                                                                                               

FINRA Rule 2121 includes the 5% Guideline as the traditional benchmark for broker-dealers’ maximum equity transactions compensation. When the 5% Guideline may not be applicable to other products, PHX takes Rule 2121 into consideration.

 

While FINRA provides a 5% guideline for commissions, PHX retail commissions are typically lower and generally equal to the following rates listed below.  Please note that commissions may be discounted below the rates shown below on a case by case basis and generally will not exceed the amounts below except for in certain limited circumstances*:


Equities, ETFs, Unit Investment Trusts (UITs), Mutual Funds** – 3.5%,
Options – 4%  
Fixed Income -2%   
Notwithstanding the above, PHX generally charges a firm minimum commission of $49 per trade execution.

* Circumstances which may warrant a commission higher than the amounts listed may include but are not limited to: the price of a security, the amount of money being invested, difficulty of executing a transaction, or the complexity of the overall investment strategy.


**Certain mutual fund liquidation compensation built into the fund may exceed the 3.5% on redemptions.

 Fee Description                                                      Total Fee                        Fee Basis                             

 

Overnight Delivery (UPS)

International Delivery (UPS)

DWAC charge

DWAC Reject charges

Client Foreign Financial l intermediary (Omnibus)

Due Diligence Review Fee

Safekeeping /Reconciliation/ Vault Fee

Re-registration of Stock or Alternative Investment

Clearance or Transfer of Restricted Stock

Certificate request OTC

Rush Withdrawal OTC

Penny stock re-registration w/agent (Domestic)

Penny stock re-registration w/agent (Canadian)

Rejected deposits DTC or agent

Transfer agent charges

Lone Positions (Sub penny Book Entry)

AXOS Assisted Dividend Posting (Asset Not held at AXOS)

IRA Annual Custodial Fee

Transfers (including transfer of Roth to/from Traditional IRA)

limited Partnerships/ AIP

 

 

Termination Fee

Certificate Deposit

Cashless Stock Options

Reg-T Extension

TOD Distributions

Prepayment of Unsettled Funds

ACAT-Non-ACAT (Full or Partial) Transfer (Transfer Out) plus FreeDelivery charge for each position

Voluntary Tender / Exchange Offer/ Bond Puts

Bond Redemption/Conversion. (Physical Only)

Worthless securities processing charges

Mandatory Reorg Corporate Actions

Dividend Reinvest

Cash Dividend Outgoing. Check

Cash Dividend Outgoing. ACH

Manual Options Exercise Request

Handling (charge to customer)

Physical Settlements

Free Deliveries DTC

NY Window / Physical Delivery

Trades Settled Same-Day (Cash Trades)

Transferring In & Out / Physical Certificates (Foreign)

Foreign Custody Fee

 

Stop Payments

Returned Checks

Photocopies of Checks

Returned ACH Items

Wire, Domestic (Outgoing)

Wire, International (Outgoing)

Wire Research Requests/ Service Messages

Foreign Currency Conversions

Foreign Currency Transaction Postings

Check Writing Stop Payment

CCPA Check Writing and Platinum Card

$50.00

$150.00

$100.00

At Cost

$1,000.00

 

$100.00

$125.00

$200.00

$1,500.00

$250.00

$500.00

$1000.00

$200.00

At Cost

$0.00

$25.00

$80.00

$100.00

$125.00

 

 

$100.00

$50.00

$35.00

$75.00

$250.00

$30.00

$100.00

 

$45.00

$75.00

$40.00

$25.00

$1.00

$10.00

$0.25

$50.00

$8.50

$150.00

$35.00

$50.00

$25.00

$250.00

2.5 bps Annually **Subject

to Market Change

$35.00

$50.00

$5.00

$35.00

$30.00

$85.00

$50.00

$50.00

$25.00

$35.00

$100.00

per item

per item

per item

per item

$200 / hr. over 5 hrs.; per account

 

Per year (charged quarterly)

Costs

Costs

per certificate

additional

per certificate

per certificate

per certificate

Per item

per share, monthly basis

per item

per plan

per transfer

per position annually charge quarterly

 

 

per plan

Per position / per customer

1% of proceeds Plus Costs; per item

per extension

per distribution

Interest

per account

 

per election

Plus, costs

per security processed

per account

per dividend reinvestment entry

per check

per ACH

per request

 

Plus, Costs

per security

per security

per trade

Costs

 

per security, charged monthly

per check

per check

per check

per return

per wire

per wire

per request

per conversion

per posting

per stop

per year

Alternative Investment Product              Fee Description        Total Fees                 Fee Explanation                          

                                                                                                                               One time fee on Gross Investment, which is 

Advanced Technology                                  Placement Fee             10%          paid by the Issuer  to the placement agent.

Select Fund IX, LLC

                                                                                                                                                      One time fee on Gross Investment, which is

                                                                                            Management Fee          2%           paid by the Issuer to the Issuer's management                                                                                                                                                                       company.

*KAJJ Management LLC (the "Manager") is the manager of the Company. Kevin Chen is the managing member of the Manager (the “Manager Executive”). Kevin Chen is also the founder and chief executive officer of the Placement Agent.

___________________________________________________________________________________________________________________________________

                                                                                                                                                                     Issuer will pay placement agent one time  

Phoenixx Digital Studios, LLC                     Placement Fee              10%          fee on Gross Investment.

                                                                                                                                                            

___________________________________________________________________________________________________________________________________

                                                                                                                                                                     Issuer will pay one time fee on Gross   

ExchangeRight Income Fund             Upfront Selling Commission   6%          investment.

                                                                                                                                                                        

                                                                                                                                                                     Fee paid to dealer manager to oversee sale of

                                                                                        Dealer Manager Fee        0.5%         offerings.

                                                                                                                                                                                                                                                                                                                                                    The Trust will be reimburse issuer on a

                                                                                                                                                                     nonaccounatable basis for expenses incurred    

                                                                  Organization & Offering Expenses  0.94%      in connection with the offering and organization  

                                                                                                                                                                     of the trust.

                                                                                                                                                                     Nonaccountable marketing and due diligence

                                                                                         Marketing Allowance       1.25%      allowance.

* Investor's net proceeds will equal to 93.11%, which includes issuer fee reimbursement of 1.80%

___________________________________________________________________________________________________________________________________

The information above is not intended to replace the  Alternative Investment's Private Placement Memorandum. Please refer each Alternative Investment's Private Placement Memorandum for a detailed explanation of the fees associated with that product.

______________________________________________________________________________________________________

 

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