DISTRIBUTION AND SERVICE FEES. In addition to the Dealer Commissions, the Dealer shall receive quarterly Distribution and/or Service Fees, equal to a percentage of average daily net assets attributable to Shares held in accounts by customers for whom the Dealer is the holder or agent of record or with whom the Dealer maintains a servicing relationship in accordance with the following table:
DISTRIBUTION AND SERVICE FEES. The fees, if any, payable pursuant to any plan heretofore or hereafter adopted by the Portfolio pursuant to Rule 12b-1 under the Act;
DISTRIBUTION AND SERVICE FEES. In addition to the Dealer Commissions, the Dealer shall receive quarterly Distribution and/or Service Fees, equal to a percentage of average daily net assets attributable to Shares held in accounts by customers for whom the Dealer is the holder or agent of record or with whom the Dealer maintains a servicing relationship in accordance with the following table: Quarterly Quarterly Distribution Fee Service Fee ---------------- ----------- CLASS C CLASS A CLASS B CLASS C ------- ------- ------- ------- 1/4 of .75% 1/4 of .25% 1/4 of .25% 1/4 of .25% No Service Fee will be paid on an account unless or until the assets have been in the account for 15 months or longer. Distribution Fees are not subject to the 15 month retention requirement.
DISTRIBUTION AND SERVICE FEES. In addition to the Dealer Commissions, the Dealer shall receive quarterly Distribution and/or Service Fees, equal to a percentage of average daily net assets attributable to Shares held in accounts by customers for whom the Dealer is the holder or agent of record or with whom the Dealer maintains a servicing relationship in accordance with the following table: DISTRIBUTION FEES SERVICE FEES ----------------- ------------ CLASS A CLASS C CLASS B CLASS C ------- ------- ------- ------- 1/4 of .25% 1/4 of .75% 1/4 of .25% 1/4 of .25%
DISTRIBUTION AND SERVICE FEES. Subject to and in accordance with the terms of the Prospectus and the Distribution and Service Plan, if any, adopted by resolution of the Fund’s board of trustees (the “Board”) which operates in a manner consistent with Rule 12b-1 under the 1940 Act, Distributor may pay financial institutions with which Distributor has entered into an agreement in substantially the form annexed hereto as Appendix A, or such other form as may be approved from time to time by the Board, such fees as may be determined in accordance with such fee agreement, for distribution, shareholder or administrative services, as described therein. With respect to such payments to Dealer, Distributor shall have only the obligation to make payments to Dealer after, for as long as, and to the extent that Distributor receives from the Fund an amount equivalent to the amount payable to Dealer. If applicable, Dealer hereby authorizes Distributor to pay Dealer’s designated clearing agent (“Clearing Agent”) such fees set forth under this section on Dealer’s behalf. In such case, Dealer acknowledges and agrees that after Distributor has made payment of such fees to Dealer’s Clearing Agent on Dealer’s behalf: (i) Dealer’s Clearing Agent is solely responsible and liable for direct payment of such fees to Dealer, and Distributor will not pay Dealer directly, (ii) Distributor cannot guarantee payment by Dealer’s Clearing Agent of such fees to Dealer, and (iii) should Dealer not receive payment of such fees from Dealer’s Clearing Agent for any reason, Dealer’s sole recourse is against Dealer’s Clearing Agent.
DISTRIBUTION AND SERVICE FEES. WMFD agrees, subject to the other terms and conditions of this Agreement, to pay Counterparty a distribution fee, accrued daily and payable monthly at the annual rate of 0.50% of the average daily net assets attributable to Class R-1 shares, and 0.25% of the average daily net assets attributable to Class R-2 shares, of the Customers who have identified themselves to WMFD as customers of Counterparty. WMFD agrees, subject to the other terms and conditions of this Agreement, to pay Counterparty a service fee, and Counterparty agrees to accept the same as full payment for the services to be provided by under this Agreement, accrued daily and payable monthly at the annual rate of 0.25% of the average daily net assets attributable to Class R-1 or Class R-2 shares of the Customers who have identified themselves to WMFD as customers of Counterparty. WMFD reserves the right to change the rate at which such service fee is paid upon fifteen (15) days prior written notice. Counterparty acknowledges that such fee will be paid solely from monies received by WMFD under the Distribution Plans applicable to Class R-1 and Class R-2 shares; accordingly, any obligation of WMFD to pay Counterparty any service fee shall not arise unless and until WMFD receives from the relevant Fund monies intended to be used by WMFD for such purpose and in amounts sufficient for such purpose. Under the Class R-1 and Class R-2 Distribution Plans, each Fund is authorized to make expenditures of Fund assets for various distribution and support services. Counterparty understands and agrees that (i) all service fees are subject to the limitations contained in the Class R-1 and Class R-2 Distribution Plans, which may be amended or terminated at any time, (ii) the service fee represents payment for shareholder services, and not for distribution of Shares and (iii) Counterparty's failure to the provide services described in the Agreement will render Counterparty ineligible to receive distribution or service fees. To receive distribution or service fees from WMFD, Counterparty must be the dealer or adviser of record for shares with average daily net assets of at least $100,000. WM Funds Distributor, Inc. By: --------------------------------- Name: Dxxxx Xxxxxx Title: President WM Advisors, Inc. By: --------------------------------- Name: Dxxxx Xxxxxx Title: Senior Vice President
DISTRIBUTION AND SERVICE FEES. Each of the Funds has adopted a plan of distribution pursuant to Rule 12b-1 of the Investment Company Act for its Class A Shares and, where offered by particular Funds, for its Class D Shares (collectively the "Plans"). Pursuant to the Plans, the Distributor may pay Participating Dealers distribution and/or service fees based upon total Fund assets maintained in accounts held in the name or for the benefit of your Customers. Such fees shall be paid in consideration of your efforts in providing information and services necessary or appropriate (i) to provide personal services to your Customer-shareholders of the Funds, (ii) to assist the Distributor in any distribution efforts, including, without limitation, making use of the Participating Dealer's name, client lists and publications for the solicitation of sales of Shares to Customers, and (iii) such other assistance as the Distributor may reasonably request, to the extent permitted by applicable statute, rule or regulation. With respect to the Class A Share accounts maintained for the benefit of your Customers, the Distributor shall pay to you a service fee (as defined in the National Association of Securities Dealers, Inc. Rules of Fair Practice) equal to 0.25 of 1% per annum of the average daily net assets of all such Class A Share accounts. With respect to Class D Share accounts maintained for the benefit of your Customers, the Distributor shall pay a total fee equal to 0.50 of 1% (representing a service fee of 0.25 of 1% and a distribution fee of 0.25 of 1%) per annum of the average daily net assets of all such Class D Share accounts. Such payments shall be payable no less often than quarterly and may be subject to such minimums as the Distributor shall establish from time to time. The Distributor has no obligation to make any such payments and you agree to waive payment of any fee until the Distributor is in receipt of the corresponding fee from each Fund. The payment of fees has been authorized pursuant to the Plans adopted by the Directors and shareholders of the Funds pursuant to the requirements of the Investment Company Act and such authorizations may be withdrawn at any time.
DISTRIBUTION AND SERVICE FEES. In addition to the Dealer Concession, the Dealer shall be entitled to receive a trail or maintenance fee ( Service Fee ), which will be prorated and paid quarterly after the first full year of investment, in an amount equal to an annual rate of 0.25% of Class A s respective daily net assets held in accounts by customers for whom the Dealer is the holder or agent of record.
DISTRIBUTION AND SERVICE FEES. In consideration of PSD’s role as the Distributor and Principal Underwriter of the Contracts issued by PACIFIC LIFE, PSD will receive distribution and/or service fees (including but not limited to 12b-1 Plan and Service Plan fees) from an unaffiliated fund or its affiliates that have contracted with PACIFIC LIFE. Regardless of whether PSD is a party to any agreements with such fund or its affiliates, such fees may be paid either directly to PSD, or for the convenience of the parties to any arrangement, may be paid to PACIFIC LIFE on behalf of PSD. Similarly, PACIFIC LIFE may pay distribution and/or service expenses on behalf of PSD and PSD will reimburse PACIFIC LIFE for such expenses that PACIFIC LIFE pays on its behalf up to the amount of related distribution and/or service fees received by PSD. Such reimbursement will be made by PSD to PACIFIC LIFE within 90 days of receipt of distribution and/or service fees. This section does not apply to any portion of fees received by PACIFIC LIFE related to investment advisory services or administrative services provided by PACIFIC LIFE.
DISTRIBUTION AND SERVICE FEES. The following fees are due and payable monthly pursuant to Section 2.e. of the DEALER AGREEMENT between GUGGENHEIM FUNDS DISTRIBUTORS, LLC (the “Distributor”) and <DEALER FIRM> Class Distribution Fees(pursuant to Rule 12b-1) Shareholder Service Fees Total Investor None None None A 0.25% (25 basis points) None 0.25% (25 basis points) C 0.75% (75 basis points) 0.25% (25 basis points) 1.00% (100 basis points) H None 0.25% (25 basis points) 0.25% (25 basis points) P 0.25% (25 basis points) None 0.25% (25 basis points) Institutional None None None Money Market None None None In no event will the fee for performing distribution-related services exceed 0.25% (25 basis points) of average daily net assets with respect to A-Class and P-Class Shares, or 0.75% (75 basis points) of average daily net assets with respect to C-Class Shares. In addition, in no event will the fee for performing shareholder services exceed 0.25% (25 basis points) of average daily net assets with respect to H-Class and C-Class Shares. To the extent the Distributor waives any payments payable to the Distributor under the applicable distribution plan adopted under Rule 12b-1 of the Investment Company Act or for the other reasons set forth in this Agreement, the amounts payable to Dealer will also be reduced. Agreed to and accepted by: GUGGENHEIM FUNDS DISTRIBUTORS, LLC <DEALER FIRM> Signature: ______________________________ Signature: ___________________________ Print Name: Print Name: Title: Title: Date: __________________________________ Date: _______________________________ SCHEDULE C DATED -__________ TO THE DEALER AGREEMENT DATED ________ BETWEEN GUGGENHEIM FUNDS DISTRIBUTORS, LLC AND <DEALER FIRM>
