Determining Net Investment Factor Sample Clauses

Determining Net Investment Factor. The Net Investment Factor for each Investment Account for any Valuation Period is determined by dividing (a) by (b), and then subtracting (c) from that result, where: (a) is equal to: (1) the net asset value of a Mutual Fund or Mutual Fund Portfolio share held in the Investment Account determined as of the end of the current Valuation Period, plus (2) the per share amount of any dividend or other distribution, if any, paid by the Mutual Fund or Mutual Fund Portfolio during the current Valuation Period; plus or minus