Daily Management Fee Calculation Clause Samples
The Daily Management Fee Calculation clause defines how management fees are determined and charged on a daily basis for a particular service or account. Typically, this involves calculating the fee as a percentage of the assets under management, with the value assessed at the close of each business day. This approach ensures that fees accurately reflect fluctuations in asset values and provides transparency for both parties regarding ongoing costs. The core function of this clause is to establish a clear, consistent method for fee assessment, thereby preventing disputes and ensuring predictable expense management.
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Daily Management Fee Calculation. For each calendar day, each class of each Fund shall accrue a fee calculated by multiplying the Per Annum Fee Rate for that class by the net assets of the class on that day, and further dividing that product by 365 (366 in leap years).
Daily Management Fee Calculation. For each calendar day, each class of each series of shares set forth on Schedule A shall accrue a fee calculated by multiplying the Per Annum Fee Rate for that class times the net assets of the class on that day, and further dividing that product by 365 (366 in leap years).
Daily Management Fee Calculation. For each calendar day, each class of each Fund shall accrue a fee calculated by multiplying the Per Annum Management Fee Rate for that class times the net assets of the class on that day, and further dividing that product by 365 (366 in leap years). AMERICAN CENTURY QUANTITATIVE EQUITY FUNDS, INC.
Daily Management Fee Calculation. For each calendar day, each Fund shall accrue a fee calculated by multiplying the Annual Management Fee set forth on J:\LG\ACETFT\Management Agreement\American Century Management Agreement\6.20.24 Management Agreement\ACETF Mgmt Agmt 6.20.24.docx the Fee Schedule by the net assets of the applicable Fund on that day, and further dividing that product by 365 (366 in leap years).