Annual portfolio management fee. The Manager charges the fund an annual portfolio management fee to invest in the Nedgroup Investments unit trusts. This fee, as well as permissible unit trust deductions, is not deducted from your product account but is included in the published unit price of your unit trust portfolio. The fee may be fixed or performance-related and changes for each unit trust portfolio and for each unit class. All annual portfolio management fees are calculated and accrue daily, based on the market value of your investment at the end of each day.
Annual portfolio management fee. The Manager charges the Insurer an annual portfolio management fee to invest in the unit trust portfolios. This fee as well as permissible unit trust deductions are not deducted from your product account but is included in the published unit price of your selected unit trust portfolio. The fee may be fixed or performance-related and changes for each unit trust portfolio and for each unit class. All annual fees are calculated and accrue daily, based on the market value of your product account at the end of each day.
Annual portfolio management fee. The Annual Portfolio Management Fee shall be an annual fee in an amount equal to forty-two and one-half one one hundredths of one percent (0.425%) per annum of the sum of (i) the Average Amount (as defined below) and (ii) the average daily outstanding principal balance of the Trust's indebtedness which was long-term indebtedness when incurred (including mortgage indebtedness and including the Trust's proportionate interest in such debt of a partnership, joint venture or other form of indirect ownership) during each calendar year or portion thereof as reflected on the books and records of the Trust under generally accepted accounting principles, minus the Debt Adjustment set forth in subsection 9(c)(i) with the date in question being deemed to be the "time of sale" for purposes of subsection 9(c)(i)(A), except that any indebtedness to which Harrisburg East Mall is subject pursuant to the terms of the Mortgage encumbering such property at the date of its acquisition by the Trust shall be valued at the remaining principal amount of such Mortgage based upon the terms of such Mortgage. The Average Amount shall equal the average of the Daily Amounts for the days during the relevant calendar year during which Shares are traded on the principal United States market for the Shares. The The Annual Portfolio Management Fee shall be paid monthly (prorated for any partial months) in arrears within ten (10) days after the end of each calendar month.
