Interval Fund Fees Clause Samples

The 'Interval Fund Fees' clause defines the types and amounts of fees that investors in an interval fund are required to pay. Typically, this clause outlines management fees, performance fees, and any other charges such as redemption or administrative fees, specifying how and when these fees are assessed. For example, it may state that management fees are calculated as a percentage of assets under management and deducted quarterly. The core function of this clause is to ensure transparency regarding the costs associated with investing in the fund, helping investors understand their financial obligations and enabling them to make informed decisions.
Interval Fund Fees. A. CUSIP Minimum Fee $25,000 per CUSIP per year B. Account and Processing Fees Compared to Minimum: Asset Based Fees (basis points) 1 $0 to $250,000,000 2.50 Basis Points $250,000,000 to $500,000,000 2.00 Basis Points $500,000,000 - $1,000,000,000 1.50 Basis Points > $1,000,000,000 1.00 Basis Points Open Accounts 0 – 50,000 $7.50 per acct per year > 50,000 $5.00 per acct per year Closed Account Fee $1.80 per acct per year 1 Each financial product, inclusive of all share classes for that product, is measured individually for purposes of the asset based fees described above as of the end of the billing period. New Account Setup Fee - Manual $15.00 per NASU New Account Setup Fee – Fully Automated $2.00 per NASU Phone Calls $5.00 per call Correspondence $5.00 per item [Redemption Fees] $10.00 per item (Note: CUSIP Minimum (Section II.A) applies unless aggregate charges for all products in the affected month included in Section II.B exceed one-twelfth of the annual minimum.)
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Interval Fund Fees. A. CUSIP Minimum Fee $25,000 per CUSIP per year B. Account and Processing Fees Compared to Minimum: Open Account Fee 0 - 50,000 $7.50 per acct per year 50,001 + $5.00 per acct per year Closed Account Fee $ 1.80 per acct per year New Account Setup Fee $ 15.00 per New Account Set Up Phone Calls $5.00 per call 1 The fees specified in Sections I and II shall cease to apply for any Fund which lists its securities on a national securities exchange in the event such Fund does not terminate pursuant to Section 22.B. In such event, effective upon the time of such listing, the fees outlined in Exhibit D shall replace the fees specified in Sections I and II of this Exhibit B. Correspondence $5 .00 per item Redemption Fees $10.00 per redemption C. Asset Based Fees (basis points) $0 - $250M ▇ .▇ ▇▇▇▇▇ ▇▇▇▇▇▇ $251M - $500M 2.25 Basis Points $501M - $1B 1.50 Basis Points >$1B 1.00 Basis Points Ill. Other Services2: Automated Work Distributor™ (AWD)3 $5,200 per workstation Closing Services $3 .00 per position Closing Services Minimum $25,000 per product per event AlP $2,500 per month Self-Directed Custodial Services $25.00 per SSN-paid by shareowner K-1 Account Fee TBD TA2000 Data Transmission to non DSTO print vendors $0.02 per record Aged History Retention Fee - Online $5.00 per 1,000 lines Aged History Retention Fee - Offline $3.50 per 1,000 lines Internet Dealer Commissions $200 per month Services Provided Exhibit B.1 *Vision - requires separate agreement Exhibit B.2 *FAN Mail - requires separate agreement Exhibit B.3 *Sales Connect - requires separate agreement Exhibit B.4 2 DST requires 120 days’ notice to begin providing Optional Services, which time period may be reduced upon mutual agreement. DST requires 120 days’ notice to cease supporting and billing for Optional Services. The Fund will be billed for Optional Services ended prior to the 120 days at the average monthly amount for the function from the prior six months invoices multiplied by the number of months or partial months to the full 120 day period. 3 Requires separate Agreement.
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Related to Interval Fund Fees

  • Settlement Fund All payments under this Section IV shall be made into the Settlement Fund, except that, where specified, they shall be made into the Settlement Fund Escrow. The Settlement Fund shall be allocated and used only as specified in Section V.

  • Settlement Funds For the purpose of settling a Securities transaction, Customer will provide BNY Mellon with sufficient immediately available funds or Securities, as applicable, in the relevant Account by such time and date as is required to enable BNY Mellon to settle such transaction in the country of settlement and in the currency to be used to settle such transaction.

  • Settlement Funding and Payments 4.1 Payments from the Gross Settlement Amount. Five (5) business days prior to the anticipated Effective Date, the Administrator will send Class Counsel and Defendant’s Counsel the account information so that Defendant can wire the GSA. Within 10 business days after Defendant funds the Gross Settlement Amount, the Administrator will mail checks to the Participating Class Members, Aggrieved Employees, the LWDA, Class Counsel, and Class Representatives pursuant to the allocations set forth in Section 3 of this Agreement. Disbursement of the Class Counsel Fees Payment, the Class Counsel Litigation Expenses Payment and the Class Representative Service Payments shall not precede disbursement of Individual Class Payments and Individual PAGA Payments. 4.2 Uncashed Checks. Settlement checks that are not cashed within 160 calendar days from the date of issuance by the Administrator will be voided. The Administrator shall transmit the funds represented by such voided checks in conformity with the Code of Civil Procedure Section 384, subd. (b) to Bet Tzedek (“Cy Pres Recipient”).

  • Compensation and FUND ACCOUNTING Expenses FUND ACCOUNTING shall be paid as compensation for its services pursuant to this Agreement such compensation as may from time to time be agreed upon in writing by the two parties. FUND ACCOUNTING shall be entitled, if agreed to by the Fund on behalf of the Portfolio, to recover its reasonable telephone, courier or delivery service, and all other reasonable out-of-pocket, expenses as incurred, including, without limitation, reasonable attorneys' fees and reasonable fees for pricing services.

  • No Contingent Interest or Equity Participation No Mortgage Loan has a shared appreciation feature, any other contingent interest feature or a negative amortization feature (except that an ARD Loan may provide for the accrual of the portion of interest in excess of the rate in effect prior to the Anticipated Repayment Date) or an equity participation by the Mortgage Loan Seller.