Fund Onboarding Process

  • Learn about Dynamic Alternatives and determine eligibility, suitability, and finalize proper allocation. Receive a prospectus and Fund information.

  • Establish a new custodial account. Once established you will receive additional forms to review and sign.

  • Complete the funding of your new custodial account (e.g., wire transfer, check deposit, transfer from existing account).

  • Custodian will process all subscription documents, necessary forms, and wire funds to the fund’s custodian around the end of the month. This will initiate the purchase of your investment.

    This process takes around 10-15 business days.

  • It will take around 30 days for your investment to be fully reflected on your custodial account statements. Keep in mind, the price is determined at the end of each month. Therefore, your custodial account statement may reflect the prior month’s NAV.

    Your investment in the fund will also be reported in your next quarterly statement from Hamilton Capital.

Fund Details

  • Fund Name

    Dynamic Alternatives Fund

  • Fund Manager

    Hamilton Capital

  • Fund Structure

    ‘40 Act Registered Investment Company; continuously offered, closed-end non-diversified tender-offer​

  • AUM

    $100.7M*

    *as of 12/31/23

  • Minimum Investment​

    $25,000 (subsequent investments of $10,000)

  • Investor Qualifications

    Limited to accredited investors

  • Dividend Distributions

    Annual

  • Valuation

    Monthly NAV calculation determined by fund administrator, Ultimus Fund Services.

  • Repurchases

    Starting in November, 2024; targeting no more than 5% of the fund NAV per quarter via tender offer, subject to the discretion of the fund’s board of directors.

  • Management Fee

    1.00%

    No incentive fee

    (Note: HC Clients will not pay advisory fees on this account).

  • Subscriptions

    Monthly

  • Tax Reporting

    Form 1099-DIV

Service providers are an integral aspect to regulating and guiding the alternatives investment process.

Here is a breakdown of the service providers and regulatory agencies
you will see while setting up your new account:

  • Hamilton Capital

    INVESTMENT ADVISOR

    The fund’s investment advisor registered with the SEC under the Investment Advisers Act of 1940 (the “Advisers Act”) and appointed in accordance with guidelines established in Section 15(c) of the Investment Company Act. The investment advisor has the authority to invest the fund’s assets consistent with the fund’s stated strategy and investment restrictions.

  • Ultimus

    FUND ADMINISTRATOR AND TRANSFER AGENT

    The fund administrator serves as general back-office operations. They work closely the fund’s investment advisor (Hamilton Capital) to ensure they are consistent with all policies, procedures, and other requirements. Ultimus helps support fund accounting, distribution, sharehold services, and serves as a transfer agent.

  • Northern Lights

    FUND COMPLIANCE

    The external fund compliance officer monitors all services to ensure they are compliant with fund’s investment policies, restrictions and applicable law under the investment act of 1940 (the “Advisers Act”).

  • Cohen

    FUND AUDITOR

    The external fund compliance sub-advisor. Closed-end funds must retain an auditor (independent registered public accounting firm), in accordance with Section 32 of the Investment Company Act.

  • Godfrey & Kahn

    LEGAL CONSULTANT

    Alternative funds will work closely with legal counsel to receive expertise in a range of legal, compliance, and operational areas.