Basis Points. There will be an annual minimum fee of $140,000 per fund. However, to accommodate the start-up period, first year minimums will be as follows: 1st Quarter 50%, 2nd Quarter 75%, 3rd Quarter 85%, 4th Quarter and beyond 100%.
Appears in 3 contracts
Sources: Custodian Agreement (Lsa Variable Series Trust), Transfer Agency and Service Agreement (Lsa Variable Series Trust), Administration Agreement (Lsa Variable Series Trust)