Fulcrum fee definition

Fulcrum fee means the fee which is paid or earned when the in- vestment company’s performance is equivalent to that of the index or other measure of performance.
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Fulcrum fee means means the fee that is paid or earned when the investment company's performance is equivalent to that of the index or other measure of performance.
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Fulcrum fee. The following table shows the investment management fee to be paid to ING Investments, LLC. The management fee is made up of two components: (i) a base advisory fee of 1.25% of the Fund's average daily net assets, and (ii) a performance adjustment. The performance adjustment accrues daily but will not be paid until after one full year of operations. ANNUAL % POINT DIFFERENCE BETWEEN CLASS A SHARES OF THE FUND AND NASDAQ ANNUAL BASE PERFORMANCE ANNUAL TOTAL BIOTECH INDEX* ADVISORY FEE ADJUSTMENT ADVISORY FEE --------------------- ------------------ ---------------------- ------------------ (AS A % OF AVERAGE (AS A % OF AVERAGE NET (AS A % OF AVERAGE NET ASSETS) ASSETS) NET ASSETS) 5.01 or better 1.25% 0.500% 1.750% 4.01 to 5.00 1.25% 0.375% 1.625% 3.01 to 4.00 1.25% 0.250% 1.500% 2.01 to 3.00 1.25% 0.125% 1.375% 2.00 to -2.00 1.25% 0.000% 1.250% -2.01 to -3.00 1.25% -0.125% 1.125% -3.01 to -4.00 1.25% -0.250% 1.000% -4.01 to -5.00 1.25% -0.375% 0.875% -5.00 or worse 1.25% -0.500% 0.750% -------------------------------- * Measured over the performance period which, beginning twelve months after the Fund has commenced operations, will be a rolling 12-month period ending with the most recent calendar month. Since the performance adjustment is based on the comparative performance of Class A shares against the Index, the controlling factor is not whether the performance of Class A shares is up or down, but whether that performance is up or down more than or less than that of the Index. In addition, the relative performance of Class A shares against the Index is measured only for the relevant performance period, and does not take into account performance over longer or shorter periods of time.
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Examples of Fulcrum fee in a sentence

  • Fulcrum fee arrangements are permitted in the case of registered investment companies and in the case of certain other clients where the contract relates to over $1 million in assets.

  • One SEC no-action letter suggested that such an arrangement is not allowed: [F]ulcrum fee contracts do not subject advisers' capital to risk.

Related to Fulcrum fee

  • Service Fee means a fee charged by us to you for the administration of your credit facility.

  • Program Fee As defined in the Fee Letter.

  • Connection Fee means a fee charged by a local entity to pay for the costs of

  • Contract Fee means the lump sum rates as outlined in Schedule ‘B’ – Quote Form.

  • Reservation Fee means the fee set forth in the applicable Program Guide, relating to the aggregate principal amount of the particular Mortgage Loans which the Participant has committed to originate and sell to the Servicer (which is not applicable to MCC stand-alone product) pursuant to a Reservation Request, payable contemporaneously with the submission of the corresponding application package, all in accordance with the procedures set forth in the applicable Program Guide.

  • Work-out Fee means a fee payable with respect to any Rehabilitated Mortgage Loan (other than any Non-Serviced Mortgage Loan), Serviced Companion Mortgage Loan or B Note, equal to the product of (x) 1.0% and (y) the amount of each collection of interest (other than default interest and any Excess Interest) and principal received (including any Condemnation Proceeds received and applied as a collection of such interest and principal) on such Mortgage Loan, Serviced Companion Mortgage Loan or B Note for so long as it remains a Rehabilitated Mortgage Loan.

  • Development Fee means a fee for the packaging of a Property, including negotiating and approving plans, and undertaking to assist in obtaining zoning and necessary variances and necessary financing for the Property, either initially or at a later date.

  • Management Fee has the meaning given in Section 4.1.

  • Usage Fee means the subscription fees to be paid by the Agency for ongoing access to Services.

  • License Fee means the amount payable by the licensee to DMRC as per rates offered by the Selected Bidder for utilization of licensed space and accepted by DMRC to be paid by the Licensee along with other charges and any kind of Central or State Taxes, local levies, statutory dues, etc. that may be payable by the licensee as per prevalent law.

  • Hire Fee the hire fee specified in Item 13.

  • Rental Fee A fee charged by the Contractor for the rental of a compactor or roll-off container.

  • Hookup fee means a fee for the installation and inspection of any pipe, line,

  • Service Fees means all fees payable by Party B to Party A pursuant to Article 3 of this Agreement in respect of the Services provided by Party A.

  • Utilization Fee has the meaning assigned to such term in Section 2.11(b).

  • Developer Fee means the fee earned by the Developer.

  • Access Fee means a fee prescribed for the purposes of section 22(6) or 54(6), as the case may be;

  • Construction Fee means a fee or other remuneration for acting as general contractor and/or construction manager to construct improvements, supervise and coordinate projects or provide major repairs or rehabilitations on a Property.

  • Initial Fee means any fee charged to initiate a contract

  • Base Fee $60 million (Avg Daily Net Assets For Most Recent Month) * 0.45% * (31/365) = $22,931.51 Performance Fee: $40 million (Avg Daily Net Assets for rolling 12-month period) * -0.25% * (31/365) = $(8,493.15) Total Fulcrum Fee: $14,438.36 = $22,931.51 (Base Fee) - $8,493.15 (Performance Fee)

  • Annual Fee has the meaning stated in Section 4.02(a).

  • Monthly Fee has the meaning stated in Section 4.3(a).

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Acquisition Fee means any and all fees and commissions, exclusive of Acquisition Expenses, paid by any Person to any other Person (including any fees or commissions paid by or to any Affiliate of the Company or the Advisor) in connection with making or investing in Mortgages or the purchase, development or construction of a Property, including real estate commissions, selection fees, Development Fees, Construction Fees, nonrecurring management fees, loan fees, points or any other fees of a similar nature. Excluded shall be Development Fees and Construction Fees paid to any Person not affiliated with the Sponsor in connection with the actual development and construction of a project.

  • Royalty Fee “Royalty Fee” means a royalty fee in the amount of $0.00 of Actual Production payable by BC Hydro to the Province for each year of the Term in accordance with Article 6 of the Master Agreement.

  • Placement Fee has the meaning given thereto in Section 2(a) hereof;