Expense and Performance Data for the Portfolios Clause Samples
The "Expense and Performance Data for the Portfolios" clause requires the disclosure and reporting of costs incurred and performance metrics related to specific investment portfolios. Typically, this clause obligates the party managing the portfolios to provide regular, detailed statements outlining all fees, expenses, and returns associated with each portfolio, ensuring that stakeholders have transparent access to financial information. By mandating such reporting, the clause promotes accountability and enables investors or clients to assess the efficiency and effectiveness of portfolio management, thereby supporting informed decision-making and oversight.
Expense and Performance Data for the Portfolios. The Fund will provide such data regarding each Portfolio’s expense ratios and investment performance made publicly available by the Fund that the Fund is required to prepare for inclusion in the Portfolio’s prospectuses. In this regard, the Fund shall provide data on the expense ratios and investment performance for each of the Portfolios as listed in (a) – (c) below (the “Portfolio Data”) as the Company may reasonably request. Without limiting the generality of the forgoing, the Fund shall provide the Portfolio Data on a timely basis and as soon as reasonably practicable to facilitate the Company’s preparation of its annually updated registration statement(s) for the Contracts (and as otherwise reasonably requested by the Company);
(a) the gross “Annual Portfolio Company Expenses” for each Portfolio calculated in accordance with Item 3 of Form N-1A, before any expense reimbursements or fee waiver arrangements for the time periods required in Form N‑1A
(b) the net “Annual Portfolio Company Expenses” (aka “Total Annual Portfolio Operating Expenses”) for each Portfolio calculated in accordance with Item 3 of Form N-1A, that include any expense reimbursements or fee waiver arrangements and the period for which the expense reimbursements or fee waiver arrangement is expected to continue and whether it can be terminated by the Portfolio (or Fund); and
(c) the “Average Annual Total Returns” for each Portfolio (before taxes) as calculated pursuant to Item 4(b)(2)(iii) of Form N-1A and made publicly available by the Fund.
Expense and Performance Data for the Portfolios. The Fund will provide such data regarding each Portfolio’s expense ratios and investment performance made publicly available by the Fund that the Fund is required to prepare for inclusion in the Portfolio’s prospectuses. In this regard, the Fund shall provide data on the expense ratios and investment performance for each of the Portfolios as listed in (a) – (c) below (the “Portfolio Data”) as the Company may reasonably request. Without limiting the generality of the forgoing, the Fund shall provide the Portfolio Data on a timely basis (understood by the Parties to be within 75 days after the close of each Portfolio’s fiscal year end with respect to Portfolio Data in (a) and (b)) to facilitate the Company’s preparation of its annually updated registration statement(s) for the Contracts (and as otherwise reasonably requested by the Company);
(a) the gross “Annual Portfolio Company Expenses” for each Portfolio calculated in accordance with Item 3 of Form N-1A, before any expense reimbursements or fee waiver arrangements for the time periods required in Form N-1A;
(b) the net “Annual Portfolio Company Expenses” (aka “Total Annual Portfolio Operating Expenses”) for each Portfolio calculated in accordance with Item 3 of Form N-1A, that include any expense reimbursements or fee waiver arrangements, and the period for which the expense reimbursements or fee waiver arrangement is expected to continue and whether it can be terminated by the Portfolio (or Fund); and
(c) the “Average Annual Total Returns” for each Portfolio (before taxes) as calculated pursuant to Item 4(b)(2)(iii) of Form N-1A, and made publicly available by the Fund.