How Glidepath charges a $0 management fee
Traditional exchange funds charge roughly 1% a year every year, for decades - to hold a mostly passive portfolio. On a $1M position over a 30-year horizon, that's hundreds of thousands of dollars in fees and lost compounding. Glidepath charges a $0 management fee. Here's how, and here's how we make money instead.
Why legacy funds cost 1%
The traditional exchange fund was built for a pre-software era: manual investor onboarding, bespoke paperwork, human-driven portfolio matching, and layers of intermediaries — each taking a cut. The fee doesn't pay for performance; the portfolio is designed to track a benchmark. It pays for overhead.
What we automated
Glidepath rebuilt the process with software. Eligibility checks, stock intake and matching, document workflows, and ongoing fund administration are automated end to end, with AI assisting in document processing and operations. Less overhead means there's simply less cost to pass on to investors.
How Glidepath makes money
Automation lowers our costs, but we're a business - we earn revenue, just not from a management fee on your assets.
Tax rules require an exchange fund to hold at least 20% of its assets in qualifying illiquid assets. Glidepath's fund meets this requirement through income-producing operating assets. Glidepath's affiliates earn a spread on the financing and operation of those assets revenue generated by the asset side of the structure, not deducted from investors as a fee. The fund's economic arrangements with Glidepath affiliates, including how these affiliates are compensated, are described in full in the Confidential Private Placement Memorandum.
In short: legacy funds charge you to hold your stocks. Glidepath earns from operating the qualifying-asset side of the structure — so investor portfolios can ride fee-free.
What you don't pay
No management fee
No sales load or placement fee
No redemption fee after the seven-year holding period
All fund expenses and affiliate arrangements are disclosed in the PPM, which should be read in full before investing.