Fund Fees. Each of the funds held in your account also charges its own fees. Details regarding the fees and expenses associated with the funds held in your account are available in the funds’ public disclosure documents.
Fund Fees. Unless otherwise noted, fees are assessed bi-annually in June and December and are calculated as follows: Average month-end balance of the previous six months multiplied by the annual fee percentage and divided by two. Additional terms may be set for some funds, such as those requiring additional or special services. All funds are subject to a minimum annual fee of $250 for the first five years and $500 thereafter. New funds are assessed a set-up fee of $250. CFAAC reserves the right to increase or decrease fees from time to time and will notify donors of fee increase in advance.
Fund Fees. Fees will be calculated by multiplying each Avenge Asset Break Point in the above schedule by the number of Funds in each series to determine the break points used in the schedule. Total net assets of all Funds in each series will be used to calculate the fee by multiplying the net assets of the Funds by the basis point fees in the above schedule. The minimum will be calculated by multiplying the minimum fee by the number of Funds in each series to arrive at the total minimum fee. The greater of the basis points or the minimum will be accrued to each Fund based on the prorata total net asset value of each Fund in the series. Administration services include Treasurer's office support, Financial Reporting, Compliance and Tax Reporting.
Fund Fees. Following the Resignation Date, the Company shall, as consideration for entering into this Separation Agreement, continue to waive any management, incentive, and other applicable fees on the investments that Novogratz has made prior to the Resignation Date in investment vehicles managed by the Company and its affiliates (the “Prior Fund Investments”). Exhibit 2 identifies the Prior Fund Investments as of the date of this Separation Agreement and will be updated accordingly to reflect any investment made by Novogratz between the date of this Separation Agreement and the Resignation Date. In addition, the Company shall waive any management, incentive, and other applicable fees on future investments that Novogratz makes on or after the Resignation Date in investment vehicles managed by the Company and its affiliates (the “Future Fund Investments” and together with the Prior Fund Investments the “Fund Investments”), provided the Company may revoke such waiver with respect to the Future Fund Investments at any time in its sole discretion. Novogratz acknowledges and agrees that he will be required to execute the Company’s standard form of confidentiality agreement, which includes standstill provisions, to receive periodic reports with respect to his Fund Investments.
Fund Fees. Following the Resignation Date, the Company shall, as consideration for entering into this Separation Agreement, waive any management, incentive, and other applicable fees on the investments that Xxxxxxxx has made in investment vehicles managed by the Company and its affiliates (“Fund Investments”). Exhibit 3 identifies the Fund
Fund Fees. First $250 million 12 BP per year Next of $250 million 10 BP per year Excess of $500 million 8 BP per year Annual Minimum Fees - calculated and paid monthly Minimum Fund Fees Annual Minimum per fund $90,000 for the first fund; $60,000 per additional fund Investor Servicing Fee:* • $50 annual per investor account charge • $25 per investor transaction • $15 per investor fulfillment item/phone call (i.e., offering documents, annual reports, prospectuses) * Retail focused registered funds (using NSCC etc.) will incur a $15,000 annual fee plus above fee schedule.
