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![ScFidelis Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::213326073.png) Stephen [@ScFidelis](/creator/twitter/ScFidelis) on x 9712 followers
Created: 2025-07-16 17:01:22 UTC

There are also professionals to the fund - auditors, rating agency, registrar, etc.

Then SEC fees.

All of these fees are covered by the fund.

The expenses put together must not surpass XXX% of the fund size, per SEC regulation.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945529202754666684/c:line.svg)

**Related Topics**
[sec](/topic/sec)
[rating agency](/topic/rating-agency)

[Post Link](https://x.com/ScFidelis/status/1945529202754666684)