Maximum Annual Operating Expense Limit. The Maximum Annual Operating Expense Limit of the Trust shall be 1.50 percent annually. This amount shall be accrued monthly, based on a percentage of the monthly net assets of the Trust, determined at month-end by adding subscriptions then subtracting repurchases from the prior month-end balance.
Appears in 2 contracts
Sources: Expense Limitation Agreement (Advisory Hedged Opportunity Fund), Expense Limitation Agreement (Advisory Hedged Opportunity Fund)