Fee Computation. The Adviser's fee for each calendar quarter shall be calculated based on the market value of the average net assets under management each month for the past four months as provided by the Custodian. The market value of the net assets will be determined by the Custodian on the last business day of each calendar month-end. (See example on Schedule C.) The fee will be calculated at a rate equal to one-fourth of the annual rates specified in Schedule C.
Appears in 2 contracts
Sources: Investment Advisory Agreement (Vantagepoint Funds), Investment Advisory Agreement (Vantagepoint Funds)