Cnl Strategic Asset Management, LLC

CNL Strategic Asset Management, LLC is a registered investment adviser specializing in alternative investment products. The firm is indirectly controlled by CNL Financial Group, LLC. They act as the Manager and Administrator to CNL Sprott Strategic Asset Client, LLC, their sole client. The client primarily invests in natural resource loans, equity and debt of entities in the natural resource sector, gold bullion, and derivatives on precious metals. The firm charges a Base Management Fee of 1.5% of the client's Average Gross Assets, payable monthly. They may also receive Income Distributions and Capital Gain Distributions based on the client's performance. CNL Strategic Asset Management, LLC operates under a fiduciary duty and has no disciplinary events to report. The firm's officers and advisory representatives are provided by an affiliated entity, CNL Financial Group Investment Management, LLC. They have controls in place to manage conflicts of interest, such as common management roles and fee structures. The firm exercises investment discretion in selecting opportunities for the client, in collaboration with a Sub-Manager. They do not have custody of client assets and engage third-party custodians. The firm does not participate in proxy voting matters for client securities.