Asset Based Fees. The following annual fee will be calculated based upon the fund-of-funds’ aggregate average net assets and paid monthly:
Asset Based Fees. First $6.0 Billion in aggregate net assets of all Funds 5.06 bps Next $6.0 Billion in aggregate net assets of all Funds 0.47 bps Above $12.0 Billion in aggregate net assets of all Funds 2.76 bps
Asset Based Fees. You understand and acknowledge that
(i) all SPS Advantage Account(s) you currently own, and (ii) any SPS Advantage Account(s) you open in the future are subject to an updated component-based pricing framework in which the sub-components of the Asset-based Fee (referred to as “fee components”) are separately itemized. The fee components are (i) a negotiable Advisory Fee of up to a maximum annual rate of 2.0%; and (ii) if you are engaged in the consolidated advisory fee service, an AFPS Fee. The fee components will be displayed to you when you open a new SPS Advantage Account. Based on the investment strategy and services you choose, the fee components will vary. Each possible fee component that may apply to your SPS Advantage Account is described below. Additional details are included in the “Fees and Compensation” section of the current Disclosure Brochure and Combined Disclosure Brochure.
Asset Based Fees. For Administration, Fund Accounting and Transfer Agency Services, the Client shall pay Service Provider: 7 basis points of the first $500 million in aggregate net assets of the Master Fund, plus 5 basis points of the next $500 million in aggregate net assets of the Master Fund, plus 4 basis points on the aggregate net assets of the Master Fund in excess of $1 billion. The Asset-Based Fees shall be subject to a monthly minimum fee of $10,416.67. The Asset-Based Fees shall be allocated one-third to Blackstone Alternative Alpha Master Fund and two-thirds to Blackstone Alternative Alpha Fund, or as otherwise determined by the Clients from time to time. Client shall promptly communicate any changes in the foregoing allocations to Service Provider. Aggregate net assets shall be computed as of the last day of each month prior to redemptions.
Asset Based Fees. You understand and acknowledge that (i) all Access Account(s) you currently own, (ii) any Access Account(s) you open in the future; and (iii) any Managed Account(s) reorganized into the Access Account Program pursuant to Section 18.C in the future, are subject to a component-based Asset-based Fee in which the sub-components (referred to as “fee components”) are separately itemized. The fee components are (i) a
Asset Based Fees. First $2.0 Billion in aggregate net assets of all Funds 5.00 bps Next $1.0 Billion in aggregate net assets of all Funds 2.75 bps Next $7.0 Billion in aggregate net assets of all Funds 1.50 bps Above $10.0 Billion in aggregate net assets of all Funds 0.375 bps Each Trust shall pay to Citi, on the first business day of each month, an administration fee computed at the annual rate set forth below. For the avoidance of doubt, for the purposes of determining the break points, the assets of both Trusts are combined, however each Trust only pays fees on its own assets.
Asset Based Fees. The following fee will be calculated daily based upon each Portfolio’s average gross assets and payable monthly, in the following amounts: .015% of each Portfolio’s first $100 million of average gross assets; .0125% of each Portfolio’s next $400 million of average gross asset; and .008% of each Portfolio’s average gross assets over $500 million. A transaction includes buys, sells, calls, puts, maturities, free deliveries, free receipts, exercised or expired options, opened or closed short sales and the movement for each piece of underlying collateral for a repurchase agreement, etc. Fed book entry $10.00 DTC book entry $10.00 PTC book entry $15.00 Physical certificate $17.00 Options contract $30.00 Futures margin variation $10.00 Short sale $15.00 Trade revision/cancellation $15.00 Holdings charge $ 2.00 per security per month
Asset Based Fees. Pursuant to Article 4, the following annual asset-based fee will be calculated based upon each Portfolio’s average net assets as well as the average net assets of the BB&T Variable Insurance Funds*:
Asset Based Fees. Client shall pay Xxxxxxx Xxxxx an annual asset-based fee (“Fee”) at the rate shown in the attached Asset-Based Fee Schedule. Client understands that the Fee includes compensation paid to financial advisor and Xxxxxxx Xxxxx for its execution, custodial and advisory services. Client agrees that the subadvisory fee paid to the financial advisor and Xxxxxxx Xxxxx’x Compensation may be changed at any time without notice to or consent from Client; however, in no event will the total Fee charged to Client’s Account be increased without Client’s consent. Client may negotiate the Fee with the financial advisor or other representative of Xxxxxxx Xxxxx designated by Client. Factors involved in such negotiation may include the size of the brokerage account, Xxxxxxx Xxxxx'x policy with respect to discounts, and the Client's relationship with Xxxxxxx Xxxxx'x financial advisor. Client understands that unless a lower rate has been negotiated by Client, Client should expect Xxxxxxx Xxxxx will charge Fees based upon the schedule set forth herein. Until paid, any Fee due Xxxxxxx Xxxxx shall constitute a lien upon the Account’s assets. Client acknowledges the fees and charges payable under this Program Agreement may be higher than the aggregate amount of fees and charges Client would pay if Client were to negotiate the fees and charges of each service provider separately, if available. Client understands the Fee includes all execution charges except certain dealer-markups and odd lot differentials, taxes, exchange fees and any other charges imposed by law with regard to any transactions in the Account. Client understands that the Account may also incur charges for other services provided by RJA not directly related to the execution and clearing of transactions including, but not limited to, interest charges on margin loans and fees for legal or courtesy transfers of securities. Client understands the Fee does not include mutual fund management fees and operating expenses or other charges resulting from principal transactions associated with the funding of the Account, if any.
Asset Based Fees. The following fee will be calculated daily based upon each Portfolio’s total gross assets and payable monthly, in the following amounts:
