Average Expense Ratio definition

Average Expense Ratio means, in relation to any Club, the ratio calculated in the manner described in Schedule 3 or in such other manner as the parties may from time to time agree;
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Average Expense Ratio means the sum of the individual annual expense ratios in a cycle, divided by the number of years in a cycle.
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Examples of Average Expense Ratio in a sentence

  • An estimated supplementary call is a call which has been notified to members and has not, at the time of calculating this Average Expense Ratio, been charged, varied or cancelled by a decision of the Directors or Committee of the Club.

  • The Average Expense Ratio is the simple average of the Calendar Year expense ratios corresponding to the "Agreement Year" and the Calendar year immediately following the "Agreement Year".

  • The Average Expense Ratio of a Club shall be the average of the percentages calculated by applying to the following formula, for each of the five immediately preceding completed financial years, the definitions set out below: OPERATING COSTS X 100 OPERATING COSTS means all expenditure incurred in operating a Club (except expenditure incurred in dealing with claims and potential claims) and includes (without limitation) commissions, brokerage, other acquisition expenses and depreciation.

  • The annualized Weighted Average Expense Ratio percentage (for assets held by the Trust) is estimated to be: • Third Party-Funded Trust for People with Disabilities 0.1968% As investment holdings change on an ongoing basis, the current Weighted Average Expense Ratio is available upon request.