Common use of Maximum Annual Operating Expense Limit Clause in Contracts

Maximum Annual Operating Expense Limit. The Maximum Annual Operating Expense Limit of the Fund shall be 2.25%, based on the average month-end net assets of the Fund. The Fund's month-end net assets shall be determined by (a) adding all subscriptions for the month to the Fund's prior month-end net assets and (b) subtracting from the prior month-end net assets all amounts repurchased by the Fund during that one month period.

Maximum Annual Operating Expense Limit. The Maximum Annual Operating Expense Limit of the Fund shall be 2.25%, based on the average month-end net assets of the Fund. The Fund's ’s month-end net assets shall be determined by (a) adding all subscriptions for the month to the Fund's ’s prior month-end net assets and (b) subtracting from the prior month-end net assets all amounts repurchased by the Fund during that one month period.