Share Classes. The Corporation shall not at any time, without the prior written consent of Pallinghurst, which consent may be withheld in its sole and absolute discretion, amend its articles, notice of articles, or other constating documents, or agree to do so, or take any steps to do so (including by means of calling a shareholder meeting or setting a record date for a shareholder meeting in respect thereof), where such amendment would create a class or series of equity or voting shares which, if approved, would have voting rights, a right to a dividend or distribution, a right to the remaining property of the Corporation following dissolution, liquidation or winding-up, or any other rights, which are more advantageous or favourable than those provided to the holders of the Common Shares.
Share Classes. The AIFM may create several share classes for the AIF. Share classes may be formed that differ from the existing share classes in terms of the appropriation of income, the issue commission, the reference currency and the use of currency hedging transactions, the management fee and the minimum investment amount, or any combination of these attributes. The rights of investors who have purchased shares belonging to existing share classes will, however, not be affected by this. The share classes that have been issued in connection with the AIF, and in connection with the fees incurred in connection with the AIF shares are specified in Appendix A "Overview of Funds". Side pockets: Subject to FMA approval, the AIFM is entitled to separate illiquid assets and place them in their own segments (side pockets). This occurs if a significant proportion of the fund's assets (more than 10%) cannot be properly evaluated in the long term or turn out to be unsellable. Shareholders will receive shares in the side pocket accord- ing to their share in the original AIF. The trading of shares must be suspended at the time of side pocket creation. After creation of the side pockets, this segment is placed in liquidation, the proceeds of which will be distributed to shareholders, as soon as the parts contained therein can be valued and sold again. No shares will be issued or redeemed in the side pockets that are created until liquidation has been completed.
Share Classes. Accounts in Vanguard Funds maintained by the Intermediary may qualify for Admiral Shares, Signal Shares, Institutional Shares and/or Institutional Plus Shares, if and to the extent available from time to time, by satisfying the applicable requirements set forth below. The Intermediary shall be responsible for ensuring that only those accounts and/or Plans that satisfy all applicable eligibility requirements below receive and continue to hold Admiral Shares, Signal Shares, Institutional Shares or Institutional Plus Shares, as appropriate, and/or such additional or substitute share classes as the Vanguard Funds may offer from time to time. Vanguard and the Vanguard Funds reserve the right to discontinue availability of any one or more share classes at any time and for any reason without prior notice.
Share Classes. ONE TWO THREE --------------------------------------------- $30,000 $36,000 $42,000 --------------------------------------------- Plus an asset based fee of: ------------------------------------------------------------ AVERAGE DAILY NET ASSETS ASSET BASED FEE ------------------------------------------------------------ $0 to $500 million .010% ------------------------------------------------------------ In excess of $500 million .005% ------------------------------------------------------------ PERFORMANCE REPORTING: For Performance Reporting (including After-Tax Performance Reporting), Ultimus charges each Portfolio a fee of $200 per month.
Share Classes. The AIFM may form multiple share classes for the AIF. Classes may be formed which differ from the existing Share Classes in terms of the use of income, the sales charge, the reference currency and the use of currency xxxxxx, the management fee, the minimum investment amount or a combination of these features. However, the rights of investors who have acquired units from existing share classes remain unaffected. The Classes of Shares created in connection with the AIF and the fees and charges arising in connection with the AIF Shares are set out in Appendix A, "Overview of Fund".
Share Classes. All Share Classes of the Fund*, including without limitation: Administrative Class Advisor Class M Class * Certain Share Classes are not available in certain Portfolios of the Fund. Additionally, a permitted share classes of a Designated Portfolio will include any share class created subsequent to the date hereof. Date: October 13, 2006 This Amendment Number 4 to that certain Participation Agreement (“Agreement”), dated May 1, 2003 by and among Pimco Variable Insurance Trust (the “Fund”), Allianz Global Investors Distributors LLC (“AGID”) and First Security Benefit Life Insurance and Annuity Company of New York (the “Company”), as novated from AGID to PIMCO Investments LLC (the “Underwriter”) as of even date herewith is effective as of May 1, 2011 (the “Effective Date”).
Share Classes. All Share Classes of the Fund*, including without limitation: Administrative Class Advisor Class M Class * Certain Share Classes are not available in certain Portfolios of the Fund. Additionally, a permitted share classes of a Designated Portfolio will include any share class created subsequent to the date hereof. Date: October 13, 2006 AMENDMENT NO. 5 TO PARTICIPATION AGREEMENT THIS AMENDMENT NO. 5 TO THE PARTICIPATION AGREEMENT is entered into as of March 12, 2007, by and between Allianz Global Investors Distributors LLC (“AGID”), the principal underwriter for Premier VIT and PIMCO Variable Insurance Trust (each a “Trust” and, collectively, the “Trusts”) and Security Benefit Life Insurance Company (“Company”).
Share Classes. The fund has two classes of shares, Series I shares and Series II shares. Each class is identical except that Series II shares has a distribution or "Rule 12b-1 Plan" that is described in the prospectus relating to the Series II shares. ------------------------ AIM V.I. HIGH YIELD FUND ------------------------ FINANCIAL HIGHLIGHTS -------------------------------------------------------------------------------- The financial highlights table is intended to help you understand the fund's financial performance of the fund's Series I shares. Certain information reflects financial results for a single fund share. The total returns in the table represent the rate that an investor would have earned (or lost) on an investment in the fund (assuming reinvestment of all dividends and distributions). The table shows the financial highlights for a share of the fund outstanding during the fiscal years (or period) indicated. This information has been audited by Tait, Weller & Baker, whose report, along with the fund's financial xxxtexxxxx, is xxxxuded in the fund's annual report, which is available upon request.
Share Classes. Class A – This class usually carries a front-end sales charge. This means a sales charge is deducted from your investment each time you purchase additional shares, and is paid at the time of your investment. Typically, Class A shares have a lower expense ratio (total annual fund operating expenses as a percentage of the mutual fund’s assets and referred to as 12b-1s) compared to the other share classes of the same mutual fund, which means that your on-going costs may be lower than the costs associated with other share classes. Many mutual funds offer “breakpoint” discounts if you make a large investment, already own shares of mutual funds in the same fund family, sign a Letter of Intent committing to purchasing additional shares in order to reach a breakpoint within 13 months, or you, with other eligible family members own funds within the same fund families. These breakpoints are described in the mutual fund’s prospectus. If you are eligible for a breakpoint, the mutual fund company must be notified when the investment is made. Class A shares typically have lower annual expenses than other share classes and may be less expensive over the long term for investors investing $100,000 or more. Class B – Rather than imposing a sales charge at the time of initial investment, Class B shares are characterized by a back-end or contingent deferred sales charges (also known as a “CDSC”), which means that you may pay a sales charge when you redeem (sell) mutual fund shares. The amount of the CDSC as a percentage of your investment normally declines over time and eventually is eliminated the longer you hold your shares (the period of decline may last anywhere from 5 to 8 years depending on the particular mutual fund). Once the CDSC period has ended, Class B shares usually convert to Class A shares. Until this conversion takes place, Class B shares will generally have higher 12b-1 fees than Class A shares and, as a result, the overall expense ratio for Class B shares will generally be higher than that of Class A shares. Depending on your time horizon and the amount invested, the higher annual expenses may result in a lower return on investment as compared to an investment in Class A shares. Class C – Similar to Class B shares, Class C shares are generally characterized by a CDSC. However, unlike Class B shares, the possibility of incurring a CDSC if you sell your shares is generally eliminated after a short period of time (usually 1 year). Class C shares also generally ...
