Administration and Risk Management. Employees of Federated Advisory Services Company provide support to portfolio managers and other employees of affiliated advisers. Such services may include development of risk management programs, production of portfolio and compliance reports for clients and/or fund Boards, completion of required broker and custody documentation, development and documentation of operational procedures, coordination of proxy voting activities, on-site support of hardware and software, etc. Categories 1 and 2 above shall not be treated as “investment advisory services” for purposes of Section 5(b) of the Agreement. For each Category of Services referenced in Exhibit A, Adviser shall pay FASC a Services Fee, payable monthly in arrears, determined according to the following formula: Services Fee = Cost of Services x Adviser’s Assets under Management Total Assets Under Management x (1 + Applicable Margin) Where:
Appears in 209 contracts
Samples: Services Agreement (Federated Hermes Total Return Series, Inc.), Services Agreement (Federated Hermes Fixed Income Securities, Inc.), Services Agreement (Federated Hermes Adviser Series)
