Net Assets of the Fund definition

Net Assets of the Fund. , means, the excess of assets over liabilities of the Fund, such excess being calculated in accordance with the Regulations.
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Net Assets of the Fund means the value of the total assets of the Fund (including any assets attributable to leverage) minus accrued liabilities (other than liabilities representing leverage). In the event the Investment Manager is not acting as such for an entire calendar month, the Management Fee payable by the Fund for the calendar month shall be prorated to reflect the portion of the calendar month in which the Investment Manager is acting as such under this Agreement.
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Net Assets of the Fund means the value of the total assets of the Fund (including any assets attributable to leverage) minus accrued liabilities (other than liabilities representing leverage). In the event the Investment Manager is not acting as such for an entire calendar quarter, the Management Fee payable by the Fund for the calendar quarter shall be prorated to reflect the portion of the calendar quarter in which the Investment Manager is acting as such under this Agreement. Notwithstanding anything to the contrary in this Agreement, no Management Fee shall be payable by the Fund to the Investment Manager under this Agreement with respect to any period during which the only investment security held by the Fund is that of another registered investment company. For purposes of this Agreement, the term “investment security” has the same meaning as under Section 12(d)(1)(E) of the Investment Company Act.
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Examples of Net Assets of the Fund in a sentence

  • The NAVPU shall be computed up to two (2) decimal places as follows: NAVPU = Total Net Assets of the Fund Total number of outstanding Units (c) Target Funds value the underlying securities using the Marked-to-Marked Valuation Methodology.

  • On March 31, 2023, the value of these securities amounted to $63,522,257 or 20.6% of Net Assets of the Fund.


More Definitions of Net Assets of the Fund

Net Assets of the Fund means net assets of the fund as described in section 38-856.
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Related to Net Assets of the Fund

  • Net Assets sale," "sell" and "security" shall have the same meanings as such terms have in the 1940 Act, subject to such exemption as may be granted by the SEC by any rule, regulation or order. Where the effect of a requirement of the federal securities laws reflected in any provision of this Agreement is made less restrictive by a rule, regulation or order of the SEC, whether of special or general application, such provision shall be deemed to incorporate the effect of such rule, regulation or order. This Agreement may be signed in counterpart.

  • Net Asset Value or "NAV” means per Unit value of the Trust arrived at by dividing the Net Assets by the number of Units outstanding.