Common use of Fund Accounting Fee Payable by the Funds Clause in Contracts

Fund Accounting Fee Payable by the Funds. The fee payable by each Fund to HFMC shall be equal to the sum of: (i) a ratable portion of the Allocated Vendor Costs; (ii) the amount of Direct Vendor Costs applicable to the Fund, if any; and (iii) a ratable portion of the Allocated Expenses (the “Fund Accounting Fee”). The Fund Accounting Fee shall be payable by the Funds to HFMC monthly. For purposes of determining the ratable portion of the Allocated Vendor Costs and ratable portion of the Allocated Expenses payable by a Fund, the Fund’s ratable portion shall equal the Fund’s average net assets relative to the aggregate amount of net assets among all Funds and ETFs, each as measured during the current fiscal year-to-date period.