Common use of Asset Based Fees Clause in Contracts

Asset Based Fees. The following fee will be calculated daily based upon each Portfolio’s average gross assets and payable monthly, in the following amounts: .015% of each Portfolio’s first $100 million of average gross assets; .0125% of each Portfolio’s next $400 million of average gross asset; and .008% of each Portfolio’s average gross assets over $500 million. A transaction includes buys, sells, calls, puts, maturities, free deliveries, free receipts, exercised or expired options, opened or closed short sales and the movement for each piece of underlying collateral for a repurchase agreement, etc. Fed book entry $10.00 DTC book entry $10.00 PTC book entry $15.00 Physical certificate $17.00 Options contract $30.00 Futures margin variation $10.00 Short sale $15.00 Trade revision/cancellation $15.00 Holdings charge $ 2.00 per security per month