Total Expense Ratio Clause Samples

The Total Expense Ratio clause defines the proportion of a fund's assets that are used to cover its operating expenses, including management fees, administrative costs, and other related charges. This ratio is typically expressed as a percentage and is calculated annually, providing investors with a clear measure of the ongoing costs associated with holding the fund. By disclosing the Total Expense Ratio, the clause ensures transparency for investors, enabling them to compare the cost efficiency of different funds and make informed investment decisions.
Total Expense Ratio. The total expense ratio (“TER”) of each Unit Class is calculated in accordance with the general principles recognized by the FMA and shall include any and all costs and fees charged to the relevant Unit Class of the relevant Sub-Fund on an ongoing basis, with the exception of transaction costs. The relevant Unit Class’s TER is published in the semi-annual and annual reports of the UCITS and on the LAFV's website at ▇▇▇.▇▇▇▇.▇▇.
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Related to Total Expense Ratio

  • Interest Expense Coverage Ratio The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense, in each case for any period of four consecutive fiscal quarters ending after the Effective Date, to be less than 4.0 to 1.0.

  • Consolidated Total Leverage Ratio As of the last day of any fiscal quarter, permit the Consolidated Total Leverage Ratio to be greater than 3.00 to 1.00.

  • Minimum Consolidated EBITDA The Borrower will not permit Modified Consolidated EBITDA, for any Test Period ending at the end of any fiscal quarter of the Borrower set forth below, to be less than the amount set forth opposite such fiscal quarter: Fiscal Quarter Amount September 30, 1997 $36,000,000 December 31, 1997 $36,000,000 March 31, 1998 $36,000,000 June 30, 1998 $37,000,000 September 30, 1998 $37,000,000 December 31, 1998 $38,000,000 March 31, 1999 $38,000,000 June 30, 1999 $39,000,000 September 30, 1999 $40,000,000 December 31, 1999 $41,000,000 March 31, 2000 $41,000,000 June 30, 2000 $42,000,000 September 30, 2000 $43,000,000 December 31, 2000 $44,000,000 March 31, 2001 $44,000,000 June 30, 2001 $45,000,000 September 30, 2001 $46,000,000 December 31, 2001 $47,000,000 March 31, 2002 $47,000,000

  • Maximum Consolidated Leverage Ratio The Consolidated Leverage Ratio at any time may not exceed 0.75 to 1.00; and

  • Minimum Consolidated Fixed Charge Coverage Ratio The Consolidated Fixed Charge Coverage Ratio shall not be less than 1.50 to 1.00, determined based on information for the most recent fiscal quarter annualized.