Initial Deposit ($)
$
Performance Fee (%)
%
Simulated Monthly Returns (%)
Month 1 (Profit)
%
Month 2 (Loss)
%
Month 3 (Recovery)
%
Month 4 (New High)
%
How HWM Protects You in Month 3:
Even though Month 3 is profitable (+8%), the account is still below the Month 1 High-Water Mark. Under strict HWM billing,
$0 in performance fees
are charged until the previous peak is surpassed.
HWM Fee Billing Ledger
Simulated
Net Ending Capital
$12,045
+20.5% Net Return
Total Performance Fees Paid
$585
$190 saved by HWM
Period
Gross Balance
HWM Floor
Fee Deducted
Institutional PAMM & MAM Standard
Verified HWM