Fund Operations and Administration Clause Samples
The 'Fund Operations and Administration' clause defines the procedures and responsibilities for managing the day-to-day activities and administrative tasks of a fund. It typically outlines who is responsible for maintaining records, handling investor communications, processing transactions, and ensuring compliance with relevant regulations. By clearly assigning these operational duties, the clause ensures the smooth functioning of the fund and helps prevent misunderstandings or lapses in administrative oversight.
Fund Operations and Administration. The Adviser will pay to the Administrator as compensation for the Administrator’s services rendered, a fee, computed daily at an annual rate based on the greater of (1) the minimum fee or (2) the average daily net assets of the respective Fund in accordance with the following fee schedule: V▇▇▇▇▇ ▇▇▇▇ & P▇▇▇▇▇ Clean Energy ETF $ 0 0.01 % Virtus Newfleet ABS/MBS ETF $ 0 0.01 % Virtus Newfleet High Yield Bond ETF $ 0 0.01 % Virtus Newfleet Short Duration Core Plus Bond ETF $ 0 0.01 % Virtus Seix Senior Loan ETF $ 0 0.01 % V▇▇▇▇▇ ▇▇▇▇▇ Harbor Emerging Markets High Yield Bond ETF $ 0 0.01 % V▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ U.S. Quality Momentum ETF $ 0 0.01 %
Fund Operations and Administration. The Adviser will pay to the Administrator as compensation for the Administrator’s services rendered, a fee, computed daily at an annual rate based on the greater of (1) the minimum fee or (2) the average daily net assets of the respective Fund in accordance with the following fee schedule: Virtus AlphaSimplex Global Macro ETF $ 0 0.01 % Virtus AlphaSimplex Managed Futures ETF $ 0 0.01 % V▇▇▇▇▇ ▇▇▇▇ & P▇▇▇▇▇ Clean Energy ETF $ 0 0.01 % Virtus IG Public & Private Credit ETF $ 0 0.01 % Virtus KAR Mid-Cap ETF $ 0 0.01 % Virtus Newfleet ABS/MBS ETF $ 0 0.01 % Virtus Newfleet Short Duration High Yield Bond ETF $ 0 0.01 % Virtus Newfleet Short Duration Core Plus Bond ETF $ 0 0.01 % Virtus Seix AAA Private Credit CLO ETF $ 0 0.01 % Virtus Seix Senior Loan ETF $ 0 0.01 % V▇▇▇▇▇ ▇▇▇▇▇ Harbor Emerging Markets High Yield Bond ETF $ 0 0.01 % V▇▇▇▇▇ ▇▇▇▇▇ Harbor International Bond ETF $ 0 0.01 % V▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ U.S. Quality Momentum ETF $ 0 0.01 %
Fund Operations and Administration. The Adviser will pay to the Administrator as compensation for the Administrator’s services rendered, a fee, computed daily at an annual rate based on the greater of (1) the minimum fee or (2) the average daily net assets of the respective Fund in accordance with the following fee schedule: Virtus Newfleet Dynamic Credit ETF $ 0 0.01 % Virtus Seix Senior Loan ETF $ 0 0.01 %
Fund Operations and Administration. The Adviser will pay to the Administrator as compensation for the Administrator’s services rendered, a fee, computed daily at an annual rate based on the greater of (1) the minimum fee or (2) the average daily net assets of the respective Fund in accordance with the following fee schedule: Virtus AlphaSimplex Global Macro ETF $ 0 0.01 % Virtus AlphaSimplex Managed Futures ETF $ 0 0.01 % V▇▇▇▇▇ ▇▇▇▇ & P▇▇▇▇▇ Clean Energy ETF $ 0 0.01 % V▇▇▇▇▇ ▇▇▇▇ & P▇▇▇▇▇ Real Estate Income ETF $ 0 0.01 % Virtus Emerging Markets Dividend ETF $ 0 0.01 % Virtus Emerging Markets Equity ETF $ 0 0.01 % Virtus IG Public & Private Credit ETF $ 0 0.01 % Virtus International Dividend ETF $ 0 0.01 % Virtus International Small Cap ETF $ 0 0.01 % Virtus KAR Mid-Cap ETF $ 0 0.01 % Virtus Newfleet Securitized Income ETF $ 0 0.01 % Virtus Newfleet Short Duration High Yield Bond ETF $ 0 0.01 % Virtus Newfleet Short Duration Core Plus Bond ETF $ 0 0.01 % Virtus Seix AAA Private Credit CLO ETF $ 0 0.01 % Virtus Seix Senior Loan ETF $ 0 0.01 % Virtus Silvant Growth Opportunities ETF $ 0 0.01 % Virtus Silvant Growth Premium Income ETF $ 0 0.01 % Virtus Silvant Small/Mid Growth ETF $ 0 0.01 % V▇▇▇▇▇ ▇▇▇▇▇ Harbor Emerging Markets High Yield Bond ETF $ 0 0.01 % V▇▇▇▇▇ ▇▇▇▇▇ Harbor International Bond ETF $ 0 0.01 % V▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ U.S. Quality Momentum ETF $ 0 0.01 % Virtus U.S. Dividend ETF $ 0 0.01 % Virtus U.S. Small Cap Growth ETF $ 0 0.01 %
Fund Operations and Administration. The Adviser will pay to the Administrator as compensation for the Administrator’s services rendered, a fee, computed daily at an annual rate based on the greater of (1) the minimum fee or (2) the average daily net assets of the respective Fund in accordance with the following fee schedule: Virtus AlphaSimplex Managed Futures ETF $ 0 0.01 % V▇▇▇▇▇ ▇▇▇▇ & P▇▇▇▇▇ Clean Energy ETF $ 0 0.01 % Virtus KAR Mid-Cap ETF $ 0 0.01 % Virtus Newfleet ABS/MBS ETF $ 0 0.01 % Virtus Newfleet Short Duration High Yield Bond ETF $ 0 0.01 % Virtus Newfleet Short Duration Core Plus Bond ETF $ 0 0.01 % Virtus Seix AAA Private Credit CLO ETF $ 0 0.01 % Virtus Seix Senior Loan ETF $ 0 0.01 % V▇▇▇▇▇ ▇▇▇▇▇ Harbor Emerging Markets High Yield Bond ETF $ 0 0.01 % V▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ U.S. Quality Momentum ETF $ 0 0.01 %
Fund Operations and Administration. The Adviser will pay to the Administrator as compensation for the Administrator’s services rendered, a fee, computed daily at an annual rate based on the greater of (1) the minimum fee or (2) the average daily net assets of the respective Fund in accordance with the following fee schedule: InfraCap MLP ETF $ 30,000 0.03% InfraCap REIT Preferred ETF $ 15,000 0.01% ▇▇▇▇▇▇ Utilities ETF $ 30,000 0.01% Virtus Cumberland Municipal Bond ETF $ 0 0.01% Virtus Glovista Emerging Markets ETF $ 0 0.01% Virtus InfraCap U.S. Preferred Stock ETF $ 15,000 0.03% Virtus LifeSci Biotech Clinical Trials ETF $ 10,000 0.01% Virtus LifeSci Biotech Products ETF $ 25,000 0.01% Virtus Newfleet Multi-Sector Bond ETF $ 0 0.01% Virtus Private Credit Strategy EFT $ 0 0.01% Virtus Real Asset Income ETF $ 0 0.01% Virtus WMC Global Factor Opportunities ETF $ 0 0.01%
Fund Operations and Administration. The Adviser will pay to the Administrator as compensation for the Administrator’s services rendered, a fee, computed daily at an annual rate based on the greater of (1) the minimum fee or (2) the average daily net assets of the respective Fund in accordance with the following fee schedule: V▇▇▇▇▇ ▇▇▇▇ & P▇▇▇▇▇ Clean Energy ETF $ 0 0.01 % Virtus Newfleet ABS/MBS ETF $ 0 0.01 % Virtus Newfleet High Yield Bond ETF $ 0 0.01 % Virtus Seix Senior Loan ETF $ 0 0.01 % V▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ U.S. Quality Momentum ETF $ 0 0.01 %
Fund Operations and Administration. Each Fund will pay to the Administrator as compensation for the Administrator’s services rendered, a fee, computed daily at an annual rate based on the greater of (1) the minimum fee or (2) the average daily net assets of the respective Fund in accordance with the following fee schedule: Virtus Newfleet Dynamic Credit ETF $ 0 0.01 % Virtus Japan Alpha ETF $ 0 0.01 %