Asset Based Fees. The following annual fee will be calculated based upon the Series’ 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. The following fee will be calculated daily based upon each Portfolio’s total gross assets and payable monthly, in the following amounts:
Asset Based Fees. The following annual fee will be calculated based upon each Portfolio’s average net assets and paid monthly: .02% of each Portfolio’s average net assets.
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. 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. 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
