Coatue Innovative Strategies Fund shareholders will vote on allowing management and incentive fees to be paid in fund shares instead of cash, alongside a policy requiring at least 25% of total Assets in information technology, communication services and industrials under normal circumstances. Approval would leave fee rates and Investment strategies unchanged while changing how fees may be paid and concentration is governed.

Key Highlights

  • The Special Meeting will be held virtually on October 28, 2026.
  • Proposal 1 concerns an amended advisory and management agreement with Coatue Management, L.L.C.
  • The Board unanimously recommends approval of each proposal.

Coatue Innovative Strategies Fund shareholders will vote on whether management and incentive fees may be paid in Fund shares instead of cash, alongside a revised concentration policy requiring at least 25% of total assets in three sectors under normal circumstances. The Special Meeting will be held virtually on October 28, 2026.

Fee Payments and Shareholder Voting

Proposal 1 covers an amended advisory and management agreement with Coatue Management, L.L.C. the Fund’s adviser. The change would allow the adviser to elect shares instead of cash for some or all management and incentive fee payments. Any shares accepted instead of cash would be mirror-voted in line with other eligible shareholders while the adviser continues serving as investment adviser.

Proposal 2 would revise the Fund’s fundamental concentration policy. The Fund’s existing policy bars investing 25% or more of total assets in securities of issuers operating in any single industry or group of industries, subject to stated exclusions.