AXA Rxxxxxxxx Portfolio Performance Sample Clauses

AXA Rxxxxxxxx Portfolio Performance. The investment performance of the AXA Rxxxxxxxx Portfolio for any period, expressed as a percentage of the AXA Rxxxxxxxx Portfolio unit value at the beginning of the period, will be the sum of: (i) the change in the AXA Rxxxxxxxx Portfolio unit value during such period; (ii) the unit value of the Fund’s cash distributions from the AXA Rxxxxxxxx Portfolio’s net investment income and realized net capital gains (whether short- or long-term) having an ex-dividend date occurring within the period; and (iii) the unit value of capital gains taxes per share paid or payable on undistributed realized long-term capital gains accumulated to the end of such period by the AXA Rxxxxxxxx Portfolio, expressed as a percentage of the AXA Rxxxxxxxx Portfolio unit value at the beginning of such period. For this purpose, the value of distributions of realized capital gains per unit of the AXA Rxxxxxxxx Portfolio, of dividends per unit of the AXA Rxxxxxxxx Portfolio paid from investment income, and of capital gains taxes per unit of the AXA Rxxxxxxxx Portfolio paid or payable on undistributed realized long-term capital gains shall be treated as reinvested in units of the AXA Rxxxxxxxx Portfolio at the unit value in effect at the close of business on the record date for the payment of such distributions and dividends and the date on which provision is made for such taxes, after giving effect to such distributions, dividends, and taxes. For purposes of calculating investment performance, the AXA Rxxxxxxxx Portfolio unit value will be determined net of all fees and expenses of the Fund attributable to the AXA Rxxxxxxxx Portfolio. Thus, the performance of the AXA Rxxxxxxxx Portfolio will be net of all fees and expenses of the Fund attributable to the AXA Rxxxxxxxx Portfolio when compared to the Index.
Sample 1
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Related to AXA Rxxxxxxxx Portfolio Performance

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