Expense Accruals. X. Xxxxxx will prepare Fund or class expense projections, establish accruals and review on a periodic basis, including expenses based on a percentage of average daily net assets (e.g., management, advisory and administrative fees) and expenses based on actual charges annualized and accrued daily (e.g. audit fees, registration fees, directors’ fees).
Expense Accruals. X.X. Xxxxxx will record Fund or class expense accruals established by the Customer and review expense projections and accruals on a periodic basis as directed by the Customer.
Expense Accruals. Prepare Fund expense projections and budgets, establish accruals and review on a periodic basis, at least monthly, including expenses based on a percentage of average daily net assets (e.g., management, advisory and administrative fees) and expenses based on actual charges annualized and accrued daily (audit fees, registration fees, directors' fees, etc.). Provide expense budgeting consulting to review expense ratios/fee waivers.
Expense Accruals. X.X. Xxxxxx will prepare Fund expense projections, establish accruals and review on a periodic basis, including expenses based on a percentage of average daily net assets (e.g., management, advisory and administrative fees) and expenses based on actual charges annualized and accrued daily (e.g. audit fees, registration fees, directors’ fees)based on detail provided by the Sponsor or its designee. X.X. Xxxxxx will establish a fund allocation methodology if necessary. X.X. Xxxxxx will prepare a monthly expense pro forma for the Funds. X.X. Xxxxxx will monitor expense reduction relating to Organization and Offering costs. 33 Act ETF Fund Serv Agreement – 23
Expense Accruals. (1) Calculate estimated expense ratio projections for new Funds to be included in the Fund’s prospectus.
(2) Prepare Fund budgets and calculate expense ratio projections on a monthly basis, or more often, if mutually agreed as necessary (see examples in IV.A.(3)).
(3) Monitor expense accruals including expenses based on a percentage of average daily net assets (e.g., management, advisory and administrative fees) and expenses based on actual charges annualized and accrued daily (audit fees, registration fees, directors’ fees, etc.) for adequacy and adjust as instructed by the Fund on a monthly basis or as needed (e.g. year end adjustments, unexpected fluctuations in Fund assets and/or vendor invoices).
(4) Calculate contractual Trust expenses, monitor all Funds’ expense ratios.
(5) Implement and determine methodology for allocating expenses within the Trust.
(6) Ensure allocations are appropriate and in compliance with Rule 18f-3 relating to multiple classes of shares
(7) Calculate and monitor fee waivers, if necessary, under and Expense Limitation Agreement approved by the Board of Trustees
(8) Prepare, calculate, review and coordinate fee table and fee example information and disclosures for the prospectus.
Expense Accruals. (1) Calculate estimated expense ratio projections for new Funds to be included in the Fund’s prospectus.
(2) Prepare Fund budgets, expense ratio projections, establish accruals and review on a monthly basis, including expenses based on a percentage of average daily net assets (e.g., management, advisory and administrative fees) and expenses based on actual charges annualized and accrued daily (audit fees, registration fees, directors’ fees, etc.).
(3) Calculate contractual Trust expenses, monitor all Funds’ expense ratios.
(4) Implement methodology determined by the Trust for allocating expenses within the Trust.
(5) Prepare, calculate, review and coordinate fee table and fee example information and disclosures for the prospectus.
(6) Calculate periodic distribution rates.
Expense Accruals. The Administrative Agent will prepare expense projections and establish accruals and review the same on a periodic basis, including expenses based on a percentage of average daily net assets (e.g., Sponsor’s Fee) and expenses based on actual charges annualized and accrued daily.
Expense Accruals. For purposes of determining the amount of the Partnership's liabilities, the Managing General Partner may, in its reasonable discretion, treat estimates of expenses that are incurred on a regular or recurring basis over yearly or other periods as accruing in equal proportions over any such period.
Expense Accruals. Calculate expense accruals necessary to meet the obligations of the Funds and effect payments in accordance with allocation procedures approved by the Board.
Expense Accruals. (1) Calculate estimated expense ratio projections for new Funds to be included in the Fund’s prospectus.
(2) Prepare Fund budgets and calculate expense ratio projections on a monthly or more frequent basis as needed.
(3) Monitor expense accruals including expenses based on a percentage of average daily net assets (e.g., management, advisory and administrative fees) and expenses based on actual charges annualized and accrued daily (audit fees, registration fees, directors’ fees, etc.). for adequacy and make adjustments as needed (at least monthly).
(4) Calculate contractual Trust expenses, monitor all Funds’ expense ratios.
(5) Implement and determine methodology for allocating expenses within the Trust.
(6) Ensure allocations are appropriate and in compliance with Rule 18f-3 relating to multiple classes of shares
(7) Calculate and monitor fee waivers, if necessary, under and Expense Limitation Agreement approved by the Board of Trustees
(8) Prepare, calculate, review and coordinate fee table and fee example information and disclosures for the prospectus.
