Class M NAV Sample Clauses

The 'Class M NAV' clause defines how the net asset value (NAV) is calculated specifically for Class M shares within an investment fund or pooled vehicle. This clause typically outlines the methodology for determining the value of assets and liabilities attributable to Class M, including any class-specific fees, expenses, or allocations that may affect the NAV calculation. By establishing a clear process for calculating the NAV for Class M, the clause ensures accurate pricing for investors in that share class and maintains fairness among different classes of investors.