Fund Fees and Expenses Sample Clauses

Fund Fees and Expenses. To the extent Xxxxxx Funds’ managed funds are included in the Model Portfolios, Xxxxxx Funds rebates any management fees it receives from those investments. In addition, there are In-Fund operating expenses (such as trustee, custody, registry and audit costs) incurred in those managed funds, and a performance fee may be charged in the Xxxxxx Funds Property and Infrastructure Fund which is included in certain of the Model Portfolios. These expenses and the performance fee (to the extent it is able to be charged) are paid by the managed funds and affect the investment performance of the managed funds. The In-Fund operating expenses and the performance fee are not rebated by Xxxxxx Funds.

Fund Fees and Expenses. Each underlying mutual fund deducts management/investment advisory fees from the amounts allocated to the fund. In addition, each underlying mutual fund deducts other expenses which may include service fees that may be used to compensate service providers, including the Company and its affiliates, for administrative and contract holder services provided on behalf of the fund. Furthermore, certain funds deduct a distribution, or 12b-1, fee which is used to finance any activity that is primarily intended to result in the sale of fund shares. Fund fees and expenses are deducted from the value of the fund shares on a daily basis, which in turn affects the value of each subaccount that purchases fund shares. Fund fees and expenses are one factor that impacts the value of a fund’s shares. To learn more about fund fees and expenses, the additional factors that can affect the value of a fund’s shares and other important information about the funds, refer to the fund prospectuses. A single mutual fund usually offers more than one “class” of shares to investors. The key distinctions between these share classes are the charges and ongoing fees borne by the fund and absorbed by investors. These fees may include 12b-1 fees as well as administrative fees (sometimes called service fees). The least expensive classes of mutual fund shares are often called “Initial Class” or “Class I” and generally only charge management fees and limited fees for other expenses related to the fund. These classes of shares usually generate the least amount of revenue for the Company, although they may pay service fees. Various share classes may charge 12b- 1 fees up to 1.00%. These classes are often called Class A, Service Class, Adviser Class, R Class or S Class shares. They may also have other names. Less expensive share classes of the funds offered through this contract may be available for investment outside of this contract. You should evaluate the expenses associated with the funds available through this contract before making a decision to invest.