Value Index Fund Clause Samples
The Value Index Fund clause defines the establishment and operation of a fund that invests primarily in securities considered undervalued relative to their intrinsic worth. This clause typically outlines the criteria for selecting investments, such as low price-to-earnings ratios or strong fundamentals, and may specify the benchmarks or indices used to measure fund performance. Its core practical function is to provide a structured approach for managing investments with a value-oriented strategy, aiming to maximize returns by capitalizing on market inefficiencies.
Value Index Fund. Effective June 1, 2013, the Adviser voluntarily agrees to reduce its advisory fee that would be payable by the Mid Cap Value Index Fund (after giving effect to asset-based breakpoints) by 0.15% of the Mid Cap Value Index Fund's average daily net assets. The Adviser may terminate this voluntary waiver at any time upon notice to the Mid Cap Value Index Fund.