Common use of Net Assets Clause in Contracts

Net Assets. The proportionate allocation of expenses based upon the value of each Fund’s net assets, computed as a percentage of the value of total net assets of all Funds receiving services from Service Company, determined at the end of the last preceding monthly period.

Appears in 33 contracts

Sources: Funds’ Service Agreement (Vanguard Explorer Fund), Funds’ Service Agreement (Vanguard Star Funds), Funds’ Service Agreement (Vanguard Morgan Growth Fund)

Net Assets. The proportionate allocation of expenses based upon the value of each Fund’s 's net assets, computed as a percentage of the value of total net assets of all Funds receiving services from Service Company, determined at the end of the last preceding monthly period.

Appears in 6 contracts

Sources: Funds' Service Agreement (Vanguard New York Tax-Free Funds), Funds' Service Agreement (Vanguard Star Funds), Funds' Service Agreement (Vanguard Bond Index Funds)

Net Assets. The proportionate allocation of expenses based upon the value of each Fund’s 's net assets, computed as a percentage of the value of total net assets of all Funds receiving services from Service Company, determined at the end of the last preceding monthly period.. 646121

Appears in 1 contract

Sources: Funds' Service Agreement (Vanguard Wellington Fund)