LIQUIDITY RISK MANAGEMENT. Tier Description Annual Fee (per Fund) Tier 1 All Fund of Fund and In-Kind ETFs $1,000 Tier 2 All Funds holding < 50 securities $2,000 Tier 3 All Funds holding 50-500 securities $3,000 Tier 4 All Funds holding > 500 securities $4,000 Note: Each Fund will be designated as a specific “tier” upon the commencement of the - Liquidity Risk Management service. An annual review will be performed to certify the appropriate classifications are applied for the subsequent 12-month period. The annual review will occur at the end of each calendar year and be effective on the first of January each year. Any Fund launches will be reviewed at inception to ensure the appropriate “tier” is applied to the new Fund.
Appears in 2 contracts
Samples: Sub Administration and Sub Fund Accounting Services Agreement (Victory Portfolios II), Sub Administration and Sub Fund Accounting Services Agreement (Victory Portfolios)
LIQUIDITY RISK MANAGEMENT. Tier Description Annual Fee (per Fund) Tier 1 All Fund of Fund and In-Kind ETFs $1,000 Tier 2 All Funds holding < 50 securities $2,000 Tier 3 All Funds holding 50-500 securities $3,000 Tier 4 All Funds holding > 500 securities $4,000 Note: Each Fund will be designated as a specific “"tier” " upon the commencement of the - Liquidity Risk Management service. An annual review will be performed to certify the appropriate classifications are applied for the subsequent 12-12 month period. The annual review will occur at the end of each calendar year and be effective on the first of January each year. Any Fund launches will be reviewed at inception to ensure the appropriate “"tier” " is applied to the new Fund.
Appears in 2 contracts
Samples: Sub Administration and Sub Fund Accounting Services Agreement (Victory Variable Insurance Funds), Sub Administration and Sub Fund Accounting Services Agreement (Victory Portfolios II)
