Fund Accounting Services Fees Sample Clauses

Fund Accounting Services Fees. Fund Accounting Fee Per Complex (Month end Net Assets): The basis point tiering structure is applied to aggregated total net assets of the Funds. The resulting total basis point fee is then prorated to each Fund based on their net assets as a proportion of the aggregated total net assets subject to a Fund level minimum fee (based upon month end net assets). All Funds excluding Money Market Funds: Asset Tier Per Fund Complex Per Annum From To bps 0 100,000,000,000 0.375 100,000,000,001 175,000,000,000 0.300 175,000,000,001 600,000,000,000 0.200 >600,000,000,0001 0.150 Money Market Funds: Asset Tier Per Fund Complex Per Annum From To bps 0 250,000,000,000 0.13 >250,000,000,001 0.10 A cap on Fund Accounting fees for each Money Market Fund will be set at $1,400,000 per annum. The foregoing fee cap may be adjusted annually during the term of this Fee Agreement upon the request of either party and the parties hereby agree to negotiate diligently and in good faith any such adjustment. Fund Accounting Fee– Notes and Methodologies • Fee excludes customised NAV service requirements e.g. Non-standard NAV cut-off and deliveries. Fund Accounting Per Fund Minimums: Minimum applied to each Fund: Minimum Fee (applied monthly) Per Fund Per Annum All Funds excluding Money Market Funds 20,000.00 Money Market Funds 15,000.00 Note: Fund minimums will be discounted by 50% for the first 6 months billing periods following the relationship/sub fund live date. Additional Fund Accounting Service Fees: Additional Fees Annual Fee Hourly Money Market Amortized Cost NAVs Per Fund 5,000.00 Floating NAV Fee Per Fund 100,000.00 Daily Money Market NAV Calculation Fee Per Fund 15,000.00 Share Class Fee (greater than 10) Per Class 2,000.00 ETF Fund Conversion Fee: One-time fee applied to each Fund: Description One-time Fee Standard ETF Conversion 15,000.00 ETF Conversion Support • Transfer of the accounting records; inclusive of collapsing of share classes, converting mutual fund to ETF shares, and the creation of the ledger/ sub-ledgers to support the asset & liability balances • Loading of historical NAV, distribution, and market prices to produce NAV/Market returns on a going forward basis • Full piecing of the funds PnL from a fiscal/excise perspective in the first year of the newly created ETF operations Complex Asset Servicing Fees Complex Asset Servicing OTC Valuation & Processing* Basis of Fee Fee Pricing Direct Per position per day 2.50 Other Vendor Per position per day 4.50 Non-Inde...
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Fund Accounting Services Fees. Annual Asset Based Fee: -----------------------
Sample 1

Related to Fund Accounting Services Fees

  • Fund Accounting Services GFS may from time to time adopt procedures, or modify its procedures, to implement the terms of this Section. With respect to each Fund, GFS shall provide the following services subject to, and in compliance with, the objectives, policies and limitations set forth in the Trust’s Registration Statement, the Trust’s Agreement and Declaration of Trust, Bylaws, applicable laws and regulations, and resolutions and policies implemented by the Trust’s Board of Trustees (the “Board”):

  • Portfolio Accounting Services (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser.

  • Tax Accounting Services (1) Maintain accounting records for the investment portfolio of the Fund to support the tax reporting required for “regulated investment companies” under the Internal Revenue Code of 1986, as amended (the “Code”).

  • Administrative and Accounting Services The Administrator shall perform or supervise the performance by others of other administrative services in connection with the operations of the Portfolios, and, on behalf of the Trust, will investigate, assist in the selection of and conduct relations with custodians, depositories, accountants, legal counsel, underwriters, brokers and dealers, corporate fiduciaries, insurers, banks and persons in any other capacity deemed to be necessary or desirable for the Portfolios' operations. The Administrator shall provide the Trustees of the Trust with such reports regarding investment performance and compliance with investment policies and applicable laws, rules and regulations as they may reasonably request but shall have no responsibility for supervising the performance by any investment adviser or sub-adviser of its responsibilities. The Administrator may appoint a sub-administrator to perform certain of the services to be performed by the Administrator hereunder. The Administrator shall provide the Trust with administrative services, regulatory reporting, fund accounting and related portfolio accounting services, all necessary office space, equipment, personnel, compensation and facilities (including facilities for Shareholders' and Trustees' meetings) for handling the affairs of the Portfolios and such other services as the Trustees may, from time to time, reasonably request and the Administrator shall, from time to time, reasonably determine to be necessary to perform its obligations under this Agreement. In addition, at the request of the Trust's Board of Trustees (the "Trustees"), the Administrator shall make reports to the Trustees concerning the performance of its obligations hereunder. Without limiting the generality of the foregoing, the Administrator shall:

  • Accounting Services The Manager will provide all accounting services customarily required by investment companies, in accordance with the requirements of applicable laws, rules and regulations and with the policies and practices of each Series as communicated to the Manager from time to time, including, but not limited to, the following:

  • Compensation and FUND ACCOUNTING Expenses FUND ACCOUNTING shall be paid as compensation for its services pursuant to this Agreement such compensation as may from time to time be agreed upon in writing by the two parties. FUND ACCOUNTING shall be entitled, if agreed to by the Fund on behalf of the Portfolio, to recover its reasonable telephone, courier or delivery service, and all other reasonable out-of-pocket, expenses as incurred, including, without limitation, reasonable attorneys' fees and reasonable fees for pricing services.

  • Performance of Daily Accounting Services In addition to the maintenance of the books and records specified above, Ultimus shall perform the following accounting services daily for each Portfolio:

  • Fund Accounting The Trustees may in their discretion from time to time enter into one or more contracts whereby the other party or parties undertakes to handle all or any part of the Trust’s accounting responsibilities, whether with respect to the Trust’s properties, Shareholders or otherwise.

  • Additional Accounting Services Ultimus shall also perform the following additional accounting services for each Portfolio:

  • TO Fund Accounting Agreement This Amendment No. 16 (this “Amendment”) is made and entered into effective as of October 1, 2018 (“Amendment Effective Date”) by and between each Fund listed on amended Exhibit A (each a “Fund” or collectively the “Funds”), attached hereto as attachment A, T. ROWE PRICE ASSOCIATES, INC., a Maryland corporation having its principal office located at 100 E. Pratt Street, Baltimore, Maryland 21202 (“TRP”) and THE BANK OF NEW YORK MELLON, a bank organized under the Laws of the State of New York, having its principal office located at 255 Liberty Street, New York, New York 10286 (“BNY Mellon”).

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