Asset Based Fees definition
Asset Based Fees. (calculated and assessed monthly in arrears based on the aggregate net assets of Trust):
Asset Based Fees. (calculated and assessed monthly in arrears based on the net assets of the applicable Fund as of the prior month-end): BASIS POINTS ------------------------------------ EACH EACH TOTAL FEEDER FUND MASTER FUND -------------------------------------------------------------------------------- First $100 million in net assets of the 13 1 14 applicable Fund -------------------------------------------------------------------------------- Next $200 million in aggregate net assets 11 1 12 of the applicable Fund -------------------------------------------------------------------------------- Next $200 million in aggregate net assets 9 1 10 of the applicable Fund -------------------------------------------------------------------------------- Net assets of the applicable Fund in 7 1 8 excess of $500 million -------------------------------------------------------------------------------- The Administration and Accounting Fee assumes a tiered minimum fee per fund schedule as follows:
Asset Based Fees. (calculated and assessed monthly in arrears based on the aggregate net assets of the Trust and allocated to each Fund pro-rata based on the average daily net assets of each Fund): [ ]
Examples of Asset Based Fees in a sentence
Asset Based Fees – calculated based on the net assets of each Master Fund identified in Schedule A of this Agreement.
Annual Asset Based Fees First $10 Billion of Aggregate Complex Net Assets 2.5 Basis Points Aggregate Complex Net Assets over $10 Billion 2.0 Basis Points Annual asset based fees will be charged at a rate of 2.5 basis points for the first $10 Billion of Aggregate Complex Net Assets.
If, at the end of each one (1) year anniversary of the Original Effective Date, the Asset Based Fees for the previous 12 month period are less than the Annual Minimum Fee, the difference between the amount of Asset Based Fees paid and the Annual Minimum Fee shall be due and payable by Advisor no later than forty-five (45) days after that anniversary date.
First $4 Billion in Assets 4.70 bps Next $2 Billion in Assets 4.00 bps Next $2 Billion in Assets 2.00 bps Assets greater than $8 Billion in Assets 1.00 bps The sum of Allianz Variable Insurance Products Trust Asset Based Fees is subject to an annual minimum of $3,136,518.
Payment of additional Asset Based Fees shall be due when the value of aggregate Asset Based Fees exceeds the Minimum Annual Fee paid in advance.
More Definitions of Asset Based Fees
Asset Based Fees. (With respect to KKR Corporate Alternative Opportunities Fund, calculated and assessed monthly in arrears based on the aggregate net assets of such Trust as of the last business day of every month. With respect to each Portfolio of KKR Series Trust, calculated daily based on the aggregate net assets of such Portfolio and assessed monthly in arrears.): First $500 million in aggregate net assets 4.5 BPS Aggregate net assets in excess of $500 million 3.5 BPS $15,000 per annum per class / feeder fund
Asset Based Fees. (calculated and assessed monthly in arrears based on the net assets of the applicable Fund as of the prior month-end): BASIS POINTS EACH FEEDER EACH MASTER TOTAL FUND FUND First $100 million in net assets of 13 1 14 the applicable Fund Next $200 million in aggregate net 11 1 12 assets of the applicable Fund Next $200 million in aggregate net 9 1 10 assets of the applicable Fund Net assets of the applicable Fund in 7 1 8 excess of $500 million ANNUAL MINIMUM FEE: (The Administration and Accounting Fee assumes a tiered minimum fee per fund as follows):
Asset Based Fees means all fees, other than Performance Fees, earned for financial reporting purposes by the Company or SAMI (provided that, except in the case of the Base Date, accounts of SAMI shall be included herein only if the applicable account consents to the assignment of the applicable Investment Company Advisory Agreement or Non-Investment Company Advisory Agreement in accordance with Section 5.2 or 5.3, respectively) from Clients and Funds (in each case, net of any applicable fee waivers, reimbursements or distribution or servicing fees payable by the Company or SAMI to third parties) in respect of the applicable period based on the amount of assets under management by the Company or SAMI.
Asset Based Fees. (calculated and assessed monthly in arrears based on the aggregate net assets of the Fund as of the prior month-end): ------------------------------------------------------------------ FUND ASSETS BASIS POINTS ------------------------------------------------------------------ First $250 million in aggregate net assets 12 ------------------------------------------------------------------ Next $250 million in aggregate net assets 10 ------------------------------------------------------------------ Aggregate net assets in excess of $500 million 8 ------------------------------------------------------------------ ANNUAL MINIMUM FEE (CALCULATED AND PAID ON A MONTHLY BASIS):
Asset Based Fees. (calculated and assessed monthly in arrears based on the aggregate net assets of all mutual funds registered as investment companies under the 1940 Act advised by Wilshire Associates Incorporated and/or its affiliates for which the Administrator and/or any of its affiliates have agreed in writing to provide administration services substantially similar to the Services (the “Complex Assets”) and allocated to each such portfolio pro-rata based on the net assets of each portfolio as of the prior month-end) First $3 billion in Complex Assets 7 Complex Assets in excess of $3 billion 6
Asset Based Fees. (calculated and assessed monthly in arrears based on the average daily net assets of the Trust as of the prior month-end): -------------------------------------------- ------------ TRUST ASSETS BASIS POINTS -------------------------------------------- ------------ First $250 million in aggregate net assets 11 -------------------------------------------- ------------ Next $250 million in aggregate net assets 10 -------------------------------------------- ------------ Next $500 million in aggregate net assets 9 -------------------------------------------- ------------ Aggregate net assets in excess of $1 billion 7 -------------------------------------------- ------------ ANNUAL MINIMUM FEE (CALCULATED AND PAID ON A MONTHLY BASIS): ------------------------------------------- ------------------ TRUST ANNUAL MINIMUM FEE ------------------------------------------- ------------------ Winton Diversified Opportunit▇▇▇ ▇▇nd $125,000 ------------------------------------------- ------------------ ADDITIONAL CLASS FEES: $15,000 per annum per Class of the Trust (charged in addition to applicable Asset Based Fees or Annual Minimum Fees SUBSIDIARY FEES: $40,000 per annum per Subsidiary (charged in addition to applicable Asset Based Fees or Annual Minimum Fees) CPO RECORDKEEPING SERVICES FEES: $3,000 per annum per commodity pool for which CPO Recordkeeping Services are provided, plus out of pocket expenses as incurred in respect of any request for reproduction of records by interest holders, the Investment Adviser or any regulatory authority. REORGANIZATION FEE (PAYABLE BY THE INVESTMENT ADVISER):
Asset Based Fees. (calculated and assessed monthly in arrears based on the net assets of the applicable Fund as of the prior month-end): BASIS POINTS EACH FEEDER EACH MASTER TOTAL FUND FUND First $100 million in net assets of 13 1 14 the applicable Fund Next $200 million in aggregate net 11 1 12 assets of the applicable Fund Next $200 million in aggregate net 9 1 10 assets of the applicable Fund Net assets of the applicable Fund in 7 1 8 excess of $500 million ANNUAL MINIMUM FEE: (calculated and paid on a monthly basis): Old Mutual Absolute Return Master Fund, L.L.C. $5,000 Old Mutual Absolute Return Fund, L.L.C. & $120,000 Old Mutual Absolute Return Institutional Fund, L.L.C. Old Mutual Emerging Managers Master Fund, L.L.C. $5,000 Old Mutual Emerging Managers Fund, L.L.C. & Old Mutual Emerging Managers Institutional Fund, L.L.C. $120,000 SUB-TRANSFER AGENCY FEE: Base Fee: $2,000 per month per CUSIP Shareholder Account Fees: