Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Advisor agrees to pay the Sub-Advisor a monthly Investment Management Fee. The Investment Management Fee shall be equal to: (i) 50% of the sum of a Group Fee Rate and an Individual Fund Fee Rate multiplied by: (ii) the fraction equal to the net assets of the Portfolio as to which the Sub-Advisor shall have provided investment management services divided by the net assets of the Portfolio for that month; provided, however, that the Investment Management Fee paid to the Sub-Advisor for any period hereunder shall in all circumstances be an amount not less than 110% of the Sub-Advisor’s costs incurred in connection with rendering the services referred to in subparagraph (b) of paragraph 1 of this Agreement (but in no event will the Investment Management Fee paid to the Sub-Advisor exceed the fees paid the Advisor receives from its affiliates for its services with respect to the Portfolio).
Appears in 52 contracts
Samples: Sub Advisory Agreement (Fidelity Select Portfolios), Sub Advisory Agreement (Fidelity Select Portfolios), Sub Advisory Agreement (Fidelity Select Portfolios)
Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Advisor agrees to pay the Sub-Advisor a monthly Investment Management Fee. The Investment Management Fee shall be equal to: (i) 50% of the sum of a Group Fee Rate and an Individual Fund Fee Rate multiplied by: (ii) the fraction equal to the net assets of the Portfolio as to which the Sub-Advisor shall have provided investment management services divided by the net assets of the Portfolio for that month; provided, however, that the Investment Management Fee paid to the Sub-Advisor for any period hereunder shall in all circumstances be an amount not less than 110% of the Sub-Advisor’s costs incurred in connection with rendering the services referred to in subparagraph (b) of paragraph 1 of this Agreement (but in no event will the Investment Management Fee paid to the Sub-Advisor exceed the fees paid the Advisor receives from its affiliates for its services with respect to the Portfolio) (the minimum fee described in this provision being referred to herein as the “Minimum Investment Management Fee”).
Appears in 29 contracts
Samples: Sub Advisory Agreement (Fidelity Charles Street Trust), Sub Advisory Agreement (Fidelity Charles Street Trust), Sub Advisory Agreement (Fidelity Concord Street Trust)
Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Advisor agrees to pay the Sub-Advisor a monthly Investment Management Fee. The Investment Management Fee shall be equal to: (i) 50% computed at an annual rate, as set forth in attached Schedule A for each Portfolio, of the sum of a Group Fee Rate and an Individual Fund Fee Rate multiplied by: (ii) the fraction equal to the average daily net assets of the Portfolio as to which the Sub-Advisor shall have provided investment management services divided by the net assets of the Portfolio for that month; provided, however, that the Investment Management Fee paid to the Sub-Advisor for any period hereunder shall in all circumstances be an amount not less than 110% of the Sub-Advisor’s costs incurred in connection with rendering the services referred to in subparagraph (b) of paragraph 1 of this Agreement (but in no event will the Investment Management Fee paid to the Sub-Advisor exceed the fees paid the Advisor receives from its affiliates for its services with respect to the Portfolio).
Appears in 15 contracts
Samples: Sub Advisory Agreement (Fidelity Salem Street Trust), Sub Advisory Agreement (Fidelity Salem Street Trust), Sub Advisory Agreement (Fidelity Salem Street Trust)
Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Advisor agrees or its affiliates agree to pay the Sub-Advisor a monthly Investment Management Fee. The Investment Management Fee shall be equal to: (i) 50% of the sum of a Group Fee Rate and an Individual Fund Fee Rate multiplied by: (ii) the fraction equal to the net assets of the Portfolio as to which the Sub-Advisor shall have provided investment management services divided by the net assets of the Portfolio for that month; provided, however, that the Investment Management Fee paid to the Sub-Advisor for any period hereunder shall in all circumstances be an amount not less than 110% of the Sub-Advisor’s costs incurred in connection with rendering the services referred to in subparagraph (b) of paragraph 1 of this Agreement (but in no event will the Investment Management Fee paid to the Sub-Advisor exceed the fees paid the Advisor receives from its affiliates for its services with respect to the Portfolio).
Appears in 9 contracts
Samples: Sub Advisory Agreement (Fidelity School Street Trust), Sub Advisory Agreement (Fidelity School Street Trust), Sub Advisory Agreement (Fidelity School Street Trust)
Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Advisor agrees or its affiliates agree to pay the Sub-Advisor a monthly Investment Management Fee. The Investment Management Fee shall be equal to: (i) 50% computed at an annual rate, as set forth in attached Schedule A for each Portfolio, of the sum of a Group Fee Rate and an Individual Fund Fee Rate multiplied by: (ii) the fraction equal to the average daily net assets of the Portfolio as to which the Sub-Advisor shall have provided investment management services divided by the net assets of the Portfolio for that month; provided, however, that the Investment Management Fee paid to the Sub-Advisor for any period hereunder shall in all circumstances be an amount not less than 110% of the Sub-Advisor’s costs incurred in connection with rendering the services referred to in subparagraph (b) of paragraph 1 of this Agreement (but in no event will the Investment Management Fee paid to the Sub-Advisor exceed the fees paid the Advisor receives from its affiliates for its services with respect to the Portfolio).
Appears in 3 contracts
Samples: Sub Advisory Agreement (Fidelity Salem Street Trust), Sub Advisory Agreement (Fidelity Salem Street Trust), Sub Advisory Agreement (Fidelity Salem Street Trust)
Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Advisor agrees to pay the Sub-Advisor a monthly Investment Management Fee. The Investment Management Fee shall be equal to: (i) 50% computed at an annual rate, as set forth in attached Schedule A for each Portfolio, of the sum of a Group Fee Rate and an Individual Fund Fee Rate multiplied by: (ii) the fraction equal to the average daily net assets of the Portfolio as to which the Sub-Advisor shall have provided investment management services divided by the net assets of the Portfolio for that month; provided, however, that the Investment Management Fee paid to the Sub-Advisor for any period hereunder shall in all circumstances be an amount not less than 110% of the Sub-Advisor’s costs incurred in connection with rendering the services referred to in subparagraph (b) of paragraph 1 of this Agreement (but in no event will the Investment Management Fee paid to the Sub-Advisor exceed the fees paid the Advisor receives from its affiliates for its services with respect to the Portfolio).
Appears in 3 contracts
Samples: Sub Advisory Agreement (Fidelity Greenwood Street Trust), Sub Advisory Agreement (Fidelity Greenwood Street Trust), Sub Advisory Agreement (Fidelity Greenwood Street Trust)
