Average Daily Net definition

Average Daily Net. Monthly Fee Rate Assets for the Month (For Each Level) -------------------- ---------------- Up to $500 million 1/16 of 1% $500 million but less than $1 billion 11/192 of 1% $1 billion but less than $1.5 billion 5/96 of 1% $1.5 billion but less than $2 billion 3/64 of 1% $2 billion but less than $3 billion 1/24 of 1% $3 billion and over 7/192 of 1% In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be reduced proportionately on the basis of the number of calendar days during which it is in effect and the fee shall be computed upon the basis of the average of valuations made throughout such period. The Adviser may, from time to time, waive all or a part of the above compensation.
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Average Daily Net. Assets Of The Managed Portion In Excess of $100 million [ ] %
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Average Daily Net. Assets Annual Rate
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Examples of Average Daily Net in a sentence

  • Average Daily Net Assets Fee of the Funds .150% on the first $250 million .125% on the next $250 million .100% on the next $250 million .075% on assets in excess of $750 million (Average Daily Net Asset break-points are on a complex-wide basis) However, in no event shall the administrative fee received during any year of the Agreement be less than, or be paid at a rate less than would aggregate $125,000 per Fund and $30,000 per Class.

  • Administrative Services Fee Rate Average Daily Net Assets of the Investment Complex 0.150% on the first $5 billion 0.125% on the next $5 billion 0.100% on the next $10 billion 0.075% on assets over $20 billion Provided, however, that no Administrative Services Fee will be charged for those Funds listed on Exhibit B to this Agreement.

  • AVERAGE DAILY NET ASSETS FEE OF THE FUNDS .150% on the first $250 million .125% on the next $250 million .100% on the next $250 million .075% on assets in excess of $750 million (Average Daily Net Asset break-points are on a complex-wide basis) However, in no event shall the administrative fee received during any year of the Agreement be less than, or be paid at a rate less than would aggregate $125,000 per Fund and $30,000 per Class.

  • Aggregate Average Daily Net Assets of the Fund and the Shares of Evergreen 0.52% of the first $1,000,000,000, plus 0.41% of amounts over $1,000,000,000, computed as of the close of business each business day.

  • The daily net asset fee is at the following annual rates: Percentage Rate Average Daily Net Assets --------------- ------------------------ 0.035% First $ 5,000,000,000 0.030% Next 5,000,000,000 0.025% Over 10,000,000,000 The fees stated above shall be subject to an annual minimum charge of $62,500 per Fund.

  • On a monthly basis, the Fund shall pay to the Sub-Adviser the Minimum Fee Rate (“MFR”) earned of 0.10% on an annualized basis (Base Fee – PFR minimum) applied to the Average Daily Net Assets for the month.

  • On a monthly basis, the Fund shall pay to the Sub-Adviser the Minimum Fee Rate (“MFR”) earned of 0.20% on an annualized basis (Base Fee – PFR minimum) applied to the Average Daily Net Assets for the month.

  • Core Plus Bond Fund I Sub-Advisor's Fee as a Percentage of Average Daily Net Assets* First $1 billion 0.25% Assets over $1 billion 0.225% * During any period when the Fund's Average Daily Net Assets are below $3 billion, Sub-Advisor's fee as a percentage of average daily net assets shall be 0.25% on all assets.

  • Average Daily Net Assets Basis Point Rate WISDOMTREE ASSET MANAGEMENT, INC.

  • On a monthly basis, the Fund shall pay to the Sub-Adviser the Minimum Fee Rate (“MFR”) earned of 0.10% on an annualized basis (Base Fee Rate – PFR) applied to the Average Daily Net Assets.

Related to Average Daily Net

  • Average Daily Flow means the cumulative total sewage flow to the sewage works during a calendar year divided by the number of days during which sewage was flowing to the sewage works that year;

  • average daily net assets of the Fund shall mean the average of the values placed on the Fund's net assets as of 4:00 p.m. (New York time) on each day on which the net asset value of the Fund is determined consistent with the provisions of Rule 22c-1 under the 1940 Act or, if the Fund lawfully determines the value of its net assets as of some other time on each business day, as of such time. The value of the net assets of the Fund shall always be determined pursuant to the applicable provisions of the Declaration and the Registration Statement. If the determination of net asset value does not take place for any particular day, then for the purposes of this section 6, the value of the net assets of the Fund as last determined shall be deemed to be the value of its net assets as of 4:00 p.m. (New York time), or as of such other time as the value of the net assets of the Fund's portfolio may be lawfully determined on that day. If the Fund determines the value of the net assets of its portfolio more than once on any day, then the last such determination thereof on that day shall be deemed to be the sole determination thereof on that day for the purposes of this section 6. You may waive all or a portion of your fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of your services. You shall be contractually bound hereunder by the terms of any publicly announced waiver of your fee, or any limitation of the Fund's expenses, as if such waiver or limitation were fully set forth herein.

  • Average Daily Availability means the average daily Availability for the immediately preceding Fiscal Quarter.

  • Average Daily Balance means the balance sum computed by dividing the sum of the balance outstanding on each day from the first day of the next Billing Period by the number of days in that Billing Period. For the purpose of computation, each day’s balance is determined by adjusting the Total New Balance with payments, credit, cash withdrawal, purchases of goods and/or services obtained on the Sales Drafts and/or Cash Withdrawal Drafts received by Maybank before the Closing Date of each Billing Period;

  • Average Error Rate for a billing month is the sum of Error Rates for each hour in the billing month divided by the total number of hours in the billing month.