Common use of Basis Point Clause in Contracts

Basis Point. For any new funds beyond the existing 1 stand-alone fund, 11 master portfolios and 11 feeder funds there will be a minimum fee as described below. First 6 months $10,000 Next 6 months $12,500 Each Year thereafter $35,000 This minimum fee includes 1 master portfolios and 1 feeder fund or stand- alone fund. Each additional feeder will be charged a yearly minimum fee of $7,500. The minimum fees will apply until the basis point fee above exceeds the minimum charge.