Institutional Funds Clause Samples
The "Institutional Funds" clause defines what constitutes institutional funds within the context of an agreement, typically referring to assets or monies managed by an organization such as a university, foundation, or other nonprofit entity. This clause often outlines the types of funds included, such as endowments, restricted gifts, or other resources held for institutional purposes, and may specify how these funds are to be managed, invested, or used. Its core practical function is to clearly delineate which assets are subject to the agreement’s terms, thereby ensuring proper management and compliance with donor intent or regulatory requirements.
Institutional Funds. Equity Funds Income Funds J▇▇▇ H▇▇▇▇▇▇ EQUITY FUNDS: Class Annual Per Account Fee (% of daily net assets) J▇▇▇ H▇▇▇▇▇▇ INCOME FUNDS: Class Annual Per Account Fee (% of daily net assets) J▇▇▇ ▇▇▇▇▇▇ TAX-FREE INCOME FUNDS: Class Annual Per Account Fee (% of daily net assets) J▇▇▇ H▇▇▇▇▇▇ MONEY MARKET FUNDS: Class Annual Per Account Fee (% of daily net assets)
A. Rule 22c-2 Service Fees: In consideration of the Rule 22c-2 Services provided by JHSS, the Funds shall pay the following fees and charges which shall be billed by JHSS to the Fund monthly in arrears until such time as the Fund and JHSS agree in writing to modify the frequency of such billing:
1. FTE Expense. $120,000 per annum (2 FTE @ $45,000 x 1.33 each).
Institutional Funds. Equity Funds Income Funds ▇▇▇▇ ▇▇▇▇▇▇▇ EQUITY FUNDS: Asset Based Fee Class Annual Per Account Fee (% of daily net assets) ▇▇▇▇ ▇▇▇▇▇▇▇ INCOME FUNDS: Asset Based Fee Class Annual Per Account Fee (% of daily net assets) ▇▇▇▇ ▇▇▇▇▇▇▇ TAX-FREE INCOME FUNDS: Asset Based Fee Class Annual Per Account Fee (% of daily net assets) ▇▇▇▇ ▇▇▇▇▇▇▇ MONEY MARKET FUNDS: Asset Based Fee Class Annual Per Account Fee (% of daily net assets)
A. Rule 22c-2 Service Fees: In consideration of the Rule 22c-2 Services provided by JHSS, the Funds shall pay the following fees and charges which shall be billed by JHSS to the Fund monthly in arrears until such time as the Fund and JHSS agree in writing to modify the frequency of such billing:
1. FTE Expense. $120,000 per annum (2 FTE @ $45,000 x 1.33 each).
Institutional Funds. Equity Funds Income Funds J▇▇▇ H▇▇▇▇▇▇ EQUITY FUNDS: Asset Based Fee Class Annual Per Account Fee (% of daily net assets) J▇▇▇ H▇▇▇▇▇▇ INCOME FUNDS: Asset Based Fee Class Annual Per Account Fee (% of daily net assets) J▇▇▇ ▇▇▇▇▇▇ TAX-FREE INCOME FUNDS: Asset Based Fee Class Annual Per Account Fee (% of daily net assets) J▇▇▇ H▇▇▇▇▇▇ MONEY MARKET FUNDS: Asset Based Fee Class Annual Per Account Fee (% of daily net assets)
A. Rule 22c-2 Service Fees: In consideration of the Rule 22c-2 Services provided by JHSS, the Funds shall pay the following fees and charges which shall be billed by JHSS to the Fund monthly in arrears until such time as the Fund and JHSS agree in writing to modify the frequency of such billing:
1. FTE Expense. $120,000 per annum (2 FTE @ $45,000 x 1.33 each).
2. Reimbursement of fees and charges imposed by such third party service providers required to be used by JHSS in order to provide the Rule 22c-2 Services.
3. Reimbursement for fees and charges imposed by Financial Intermediaries pursuant to shareholder information agreements between such Financial Intermediaries and either (a) JHSS; or (b) the Funds’ distributor, J▇▇▇ H▇▇▇▇▇▇ Funds, LLC related to JHSS’s request for Client-shareholder Information and the transmission of such Client-shareholder Information by the Financial Intermediary to JHSS pursuant to such agreements.
4. The parties acknowledge and agree that the fees set forth above are in the aggregate with respect to all J▇▇▇ H▇▇▇▇▇▇ Funds for which JHSS provides the Rule 22c-2 Services under this Agreement as well as the Transfer Agency and Service Agreements in effect between (a) JHSS and J▇▇▇ H▇▇▇▇▇▇ Funds II; and (b) JHSS and J▇▇▇ H▇▇▇▇▇▇ Funds III.
5. In as much as the fees set forth in this Appendix A.1 are related to non-transfer agent services, the parties acknowledge and agree (a) JHSS shall invoice the Fund separately for the Rule 22c-2 Services; and (b) the fees for such services shall not apply with respect to any cap on transfer agent fees or out-of-pocket expenses otherwise agreed to by JHSS and the Fund. TA Agr - JH Funds 2007 - Exh B.1
Institutional Funds. Funds held by the Foundation and used exclusively for charitable purposes. Such funds include those raised by the Foundation from fundraising sources and general contributions. It does not include third party donations which are intended to form a part of the Permanent Endowment Fund.
Institutional Funds. Equity Funds Income Funds
Institutional Funds. Equity Funds Balanced Fund Classic Value Fund Core Equity Fund Diversified Core Equity Fund II Greater China Opportunities Fund International Fund Large Cap Select Fund Mid Cap Equity Fund Small Cap Equity Fund Small Cap Growth Fund Small Cap Fund Sovereign Investors Fund US Global Leaders Growth Fund Income Funds Bond Fund High Income Fund Investment Grade Bond Fund Strategic Income Fund The transfer agent fees payable monthly under the Transfer Agency and Services Agreement between each Fund and JHSS shall be the following rates plus certain out-of-pocket expenses set forth in Exhibit C as described to the Board. Class A Shares $ 15.00 0.05 % Class B Shares $ 17.50 0.05 % Class C Shares $ 16.50 0.05 % Class R Shares $ 15.00 0.05 % Class I Shares $ 15.00 0.04 % Class A Shares $ 16.00 0.015 % Class B Shares $ 18.50 0.015 % Class C Shares $ 17.50 0.015 % Class R Shares $ 16.00 0.05 % Class I Shares $ 15.00 0.04 % Class A Shares $ 16.00 0.010 % Class B Shares $ 18.50 0.010 % Class C Shares $ 17.50 0.010 % Class R Shares $ 16.00 0.010 % Class I Shares $ 15.00 0.04 % Class A Shares $ 15.00 0.010 % Class B Shares $ 18.50 0.010 % Class C Shares $ 17.50 0.010 % Class R Shares N/A N/A Class I Shares $ 15.00 0.04 %
A. Rule 22c-2 Service Fees: In consideration of the Rule 22c-2 Services provided by JHSS, the Funds shall pay the following fees and charges which shall be billed by JHSS to the Fund monthly in arrears until such time as the Fund and JHSS agree in writing to modify the frequency of such billing:
1. FTE Expense. $120,000 per annum (2 FTE @ $45,000 x 1.33 each).
Institutional Funds. Equity Funds Balanced Fund Classic Value Fund Core Equity Fund Diversified Core Equity Fund II Greater China Opportunities Fund International Fund Large Cap Select Fund Mid Cap Equity Fund Small Cap Equity Fund Small Cap Growth Fund Small Cap Fund Sovereign Investors Fund US Global Leaders Growth Fund Income Funds Bond Fund High Income Fund Investment Grade Bond Fund Strategic Income Fund The transfer agent fees payable monthly under the Transfer Agency and Services Agreement between each Fund and JHSS shall be the following rates plus certain out-of-pocket expenses set forth in Exhibit C as described to the Board. Class A Shares $15.00 0.05% Class B Shares $17.50 0.05% Class C Shares $16.50 0.05% Class R Shares $15.00 0.05% Class I Shares $15.00 0.04%