Benchmark Return definition

Benchmark Return means the performance of the MSCI All Country World Index (Net) USD (MSCI ACWI Net (USD)) (the “Index”) over the course of the Performance Period or the equivalent currency for the relevant Class of Shares.

Benchmark Return means the amount expressed in USD in respect of a Fiscal Quarter in accordance with the following formula: BR = BR1 + BR2 where BR = the Benchmark Return for the Fiscal Quarter; and

Benchmark Return means the performance of the MSCI Europe Index (Net) USD (the “Index”) over the course of the Performance Period or the equivalent currency for the relevant Class of Shares. The Index captures large and mid cap representation across 15 developed markets countries in Europe. The Index covers approximately 85% of the free float-adjusted market capitalization across the European developed markets equity universe. Further details on the composition of the Index and its calculation methodology can be found at

Examples of Benchmark Return in a sentence

• Asia-Pacific Property Equities Annual Total Return for the Financial Years Ended 30 November * Benchmark – FTSE EPRA/NAREIT Pure Asia Total Return Net Dividend Index (capital constrained) (“EPRA/NAREIT Pure Asia”) (Available at www.aminvest.com) Source Benchmark Return: AmFunds Management Berhad Source Fund Return: Novagni Analytics and Advisory Sdn.

• Specifically, under the AIFL Management Agreement and the AIFT Consolidated Constitution, at the end of each year Hastings is entitled to a performance fee equal to 10% of the out-performance of AIX’s total return (growth in security price plus reinvested distributions) against the ASX 200 Industrials Accumulation Index return (Benchmark Return), after taking into account any carried forward performance deficit (previous shortfall).

• The Benchmark Return on Rate Base (“BROR”) for filing years 2024, 2025 and 2026 shall equal to 8.95%.

• AmDynamic Bond * Benchmark – Until 30 September 2016 – All Malaysian Government Securities Index (“AMGS”)– Effective from 1 October 2016 onwards – BPAM Corporates All Bond Index (Available at www.aminvest.com) Source Benchmark Return: AmFunds Management BerhadSource Fund Return: Novagni Analytics and Advisory Sdn.

• Annual Total Return for the Financial Years Ended 31 July 2022 * Benchmark – Until 30 September 2016 – All Malaysian Government Securities Index (“AMGS”)– Effective from 1 October 2016 onwards – BPAM Corporates All Bond Index (Available at www.aminvest.com) Source Benchmark Return: AmFunds Management BerhadSource Fund Return: Novagni Analytics and Advisory Sdn.

More Definitions of Benchmark Return

Benchmark Return means an internal rate of return of 15% per annum, calculated on a compounded basis;

Benchmark Return for any specific year means the difference between the benchmark index level at the commencement of the year under consideration and the benchmark index level at the end of the year under consideration divided by the benchmark index level at the commencement of the year under consideration;

Benchmark Return means, in respect of the relevant month, the percentage by which the Morgan Stanley Capital International World Index (AUD) increases or decreases over the course of the relevant month.

Benchmark Return means, with respect to the Synthetic Deposits and any Investment Period related to such Synthetic Deposits, a per annum rate equal to the sum of (i) the interest rate that would be earned on such Synthetic Deposits during such Investment Period if such Synthetic Deposits constituted a LIBO Rate Loan hereunder which (x) had an outstanding principal amount equal to the aggregate amount of such Synthetic Deposits, (y) accrued interest at the LIBO Rate (Reserve Adjusted) and (z) had an Interest Period equal in duration to such Investment Period plus (ii) the Applicable Margin in effect for Synthetic Participation Fees during such Investment Period.

Benchmark Return means the amount expressed in KRW in relation to a Quarter, other than the First Quarter, in accordance with the following formula:

Benchmark Return means for the Shares that are included in AMCIF for a Half Year: • the AMCIF; multiplied by • BRI. To the extent that additional Shares are issued during the relevant Half Year, the Benchmark Return will also include the return for those additional Shares. For this purpose, the return for those additional Shares will be calculated as the number of additional Shares issued, multiplied by the issue price of such Shares; multiplied by the BRI.

Benchmark Return means, in respect of the relevant month, the percentage by which the Morgan Stanley Capital International Asia (ex Japan) Equity Index (Net Dividends Reinvested, AUD) increases or decreases over the course of the relevant month.