terminated
prior to October 31, 2022 except with the approval of the Fund’s Board of
Trustees.
The
Adviser pays all the operating expenses of the Fund other than the Management
fee, brokerage expenses, taxes, interest, fees and expenses of the Trust’s
Trustees, who are not "interested persons" of the Trust, as defined in the 1940
Act ("Independent Trustees") (including any Trustees’ counsel fees), litigation
expenses and other extraordinary expenses.
Blackstone
Liquid Credit Strategies LLC (formerly GSO / Blackstone Debt Funds Management
LLC) receives fees for its services as the sub-adviser to the Fund from the
Adviser.
Administrator,
Custodian, Sub-Administrator and Transfer Agent Fees
SSGA
FM serves as administrator and State Street Bank and Trust Company (“State
Street”), an affiliate of the Adviser, serves as custodian, sub-administrator
and transfer agent. State Street receives fees for its services as custodian,
sub-administrator and transfer agent from the Adviser.
Distributor
State
Street Global Advisors Funds Distributors, LLC (“SSGA FD” or the “Distributor”),
an affiliate of the Adviser, serves as the distributor of the Trust.
Other
Transactions with Affiliates
The
Fund may invest in affiliated entities, including securities issued by State
Street Corporation, affiliated funds, or entities deemed to be affiliates as a
result of the Fund owning more than five percent of the entity’s voting
securities or outstanding shares. Amounts relating to these transactions during
the period ended December 31, 2021, are disclosed in the Statement of Assets and
Liabilities.
During
the fiscal year ended June 30, 2021, State Street made a voluntary contribution
to the Fund in the amount of $79,391 related to an accounting matter.
5. Trustees’
Fees
The
fees and expenses of the Independent Trustees are paid directly by the Fund. The
Independent Trustees are reimbursed for travel and other out-of-pocket expenses
in connection with meeting attendance and industry seminars.
