Common use of Annual portfolio management fee Clause in Contracts

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 fund Insurer an annual portfolio management fee to invest in the Nedgroup Investments unit trusts. This fee, fee as well as permissible unit trust deductions, deductions is 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 performancerelated 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.