Shareholder Service Fees. The Shareholder Service Fees paid by the Distributor to securities dealers and other entities that have executed an Agreement with the Distributor shall permit such payments only in accordance with the provisions of this paragraph and shall have the approval of the majority of the Board of Directors of the Fund including a majority of the directors who are not interested persons of the Fund as required by the Rule. The Distributor may pay to the other party to an Agreement a fee (a "Shareholder Service Fee") for Shareholder Services provided by such other party. Such quarterly fee shall be payable in arrears in an amount equal to such percentage of the aggregate net asset value of the Series' Shares held by such other party's customers or clients at the close of business each day as determined from time to time by the Distributor. The Shareholder Services contemplated hereby shall include fees for account maintenance and personal service to shareholders, including, but not limited to, answering routine customer inquiries regarding the Fund, assisting customers in changing dividend options, account designations and addresses, and in enrolling into any of several special investment plans offered in connection with the purchase of the Shares if the Fund, assisting in the establishment and maintenance of customer accounts and records and in the processing of purchase and redemption transactions, investing dividends and capital gains distributions automatically in shares, providing sub-administration and/or sub-transfer agency services for the benefit of the Fund and providing such other services as the Fund or the customer may reasonably request.
Shareholder Service Fees. During the term of this Agreement, the Funds will pay Provider a quarterly fee. This fee will be computed at the annual rate of .25 of 1% of the average net asset value of shares of the Funds held during the quarter in accounts for which the Provider provides Services under this Agreement, so long as the average net asset value of Shares in the Funds during the quarter equals or exceeds such minimum amount as the Funds shall from time to time determine and communicate in writing to the Provider.
Shareholder Service Fees. Annual 12b-1 fees, also known as trails, are paid by the fund and paid to us out of fund assets, under a distribution and servicing arrangement, to cover distribution expenses and sometimes shareholder service expenses that we may provide on the fund’s behalf. Shareholder servicing fees are paid to respond to investor inquiries and provide investors with information about their investments. These fees are asset-based fees charged by the fund family. These fees vary in range and are provided in each of the funds’ prospectuses. Equities (listed and OTC)1 $19.95; $24.95 (broker-assisted) Bonds (municipals, gov’t agencies, corporate)2 $50.00 ($0-$50k); $75.00 (>$50k) Options3 $19.95; $24.95 (broker-assisted) Complex Options3 $28.00; $33.00 (broker assisted) Unit Investment Trust $25.00 Mutual Funds4 $19.95 for T; no charge for NTF Asset-Based Pricing5 0.30% of total account value Note: These fees may vary by advisor but will not exceed the posted amounts. Due to market share availability, some orders may not be completely filled at one time, so you may receive partial executions throughout the day and over the course of several days for “good-till canceled” orders. Orders executed in multiple fills on the same trading day will be charged a single commission, while orders filled over multiple days will incur multiple commissions.
Shareholder Service Fees. The Agent may from time to time enter into agreements with various mutual funds, their providers or shareholder services companies (the “Funds”), whereby the Agent receives compensation from the Funds, either directly in the form of shareholder services fees or indirectly in the form of goods and services, in exchange for the Agent’s providing distribution and administrative support services to the Funds. Shareholder service fees received by the Agent will not be credited to the Principal’s account and will not reduce the Agent’s fee for its services under this Agreement.
Shareholder Service Fees. For the shareholder services provided by FTC under this Agreement, the Distributor will pay or cause to be paid to FTC a quarterly service fee equal on an annual basis to .25 % (0.0625% per quarter) of the average daily net asset value of the shares of Fund which are owned beneficially by the Plans during such period. FTC will provide the Fund Company with an invoice for the quarterly service fee, showing the calculation used to arrive at the amount due, within five (5) days of the end of the calendar quarter. Such fees will be paid or cause to be paid by the Distributor to FTC by check or wire transfer no later than fifteen (15) days following the end of the calendar quarter in which they accrue.
Shareholder Service Fees. With the exception of the SDB OPTION, all fees EMPOWER and/or one or more of its affiliates receives from mutual fund families and other INVESTMENT PROVIDERS for providing certain administrative or other services (revenue) will be credited by EMPOWER to PARTICIPANTS with balances in the revenue-paying funds on the processing date. The revenue will be credited monthly by multiplying each fund’s revenue rate by the average daily balance of the fund’s total PARTICIPANT account balances, excluding loan balances, during the respective month. In the event revenue already credited to PARTICIPANTS becomes uncollectible from a fund company, EMPOWER will collect in a manner mutually agreeable with both parties. EMPOWER and/or one or more of its affiliates may receive revenues from Schwab that are used to offset daily administrative expenses and systems development, maintenance and interface. Although none of the revenue will accrue to the PLAN, if requested in writing, an accounting of the revenue received from Schwab will be provided to the BOARD within forty-five (45) days after the calendar year end. The accounting of the revenues will be based upon the ratio of the assets in the PLAN versus the total assets with Schwab.
Shareholder Service Fees. For the shareholder services provided by FTC under this Agreement, the Distributor will pay or cause to be paid to FTC a quarterly service fee equal on an annual basis to .25 % (0.0625% per quarter) of the average daily net asset value of the shares of Fund which are owned beneficially by the Plans during such period. FTC will provide the Fund Company with an invoice for the quarterly service fee, showing the calculation used to arrive
Shareholder Service Fees. The sole difference among the various classes of shares is the level of shareholder service fee (“Shareholder Service Fee”) borne by the class for client and shareholder service, reporting and other support provided to such class by GMO. The multiple class structure reflects the fact that, as the size of the client relationship increases, the cost to service that relationship is expected to decrease as a percentage of the account. Thus, the Shareholder Service Fee is lower for classes for which eligibility criteria generally require greater assets under GMO’s management. Conversion Features. For Class I, Class II, Class III, Class IV, Class V, Class VI, Class VII and Class VIII Shares, the value of each client’s Total Investment and Total Fund Investment with GMO will be determined on each Determination Date. Based on that determination, and subject to the following, each client’s shares of each Fund will be converted to the class of shares of that Fund which is then being offered bearing the lowest Shareholder Service Fee for which the client satisfies all minimum investment requirements (or, to the extent the client already holds shares of that class, the client will remain in that class). With respect to any Fund:
Shareholder Service Fees. During the term of this Agreement, the Provider is entitled to a maximum fee, payable quarterly. This maximum fee will be computed at the annual rate of ..25% of the average net asset value of shares of the Funds held during the quarter in accounts for which the Provider provides Services under this Agreement, so long as the average net asset value of Shares in the Funds during the quarter equals or exceeds such minimum amount as the Funds shall from time to time determine and communicate in writing to the Provider. The maximum fee rate stated above is subject to any limitations or waivers described in the Funds’ current prospectus. Please refer to the current prospectus for current accrual amounts that are payable. This fee may be waived by Provider from time to time at its own discretion.
Shareholder Service Fees. Annual 12b-1 fees, also known as trails, are paid by the fund and paid to us out of fund assets, under a distribution and servicing arrangement, to cover distribution expenses and sometimes shareholder service expenses that we may provide on the fund’s behalf. Shareholder servicing fees are paid to respond to investor inquiries and provide investors with information about their investments. These fees are asset based fees charged by the fund family. These fees vary in range and are provided in each of the funds’ prospectuses. Equities (listed and OTC)* $19.95; $24.95 (broker-assisted) Bonds (municipals, gov’t agencies, corporate) ** $50.00 ($0-$50k); $75.00 (>$50k) Options*** $19.95; $24.95 (broker-assisted) Complex Options*** $28.00; $33.00 (broker assisted) Unit Investment Trust $25.00 Mutual Funds**** $19.95 for T; no charge for NTF Note: These fees may vary by advisor but will not exceed the posted amounts. Due to market share availability, some orders may not be completely filled at one time, so you may receive partial executions throughout the day and over the course of several days for “good-‘till canceled” orders. Orders executed in multiple fills on the same trading day will be charged a single commission, while orders filled over multiple days will incur multiple commissions. * Additional $2.50 shipping & handling fees may apply. ** We reserve the right to act as riskless principal on any fixed-income transaction. When doing so, the bonds will be subject to a markup or markdown. When acting as agent the fixed pricing applies. *** Additional fee of $1.50 per contract. **** T denotes Transaction Fee, and NTF denotes No Transaction Fee. $19.95 applies on the sale of an NTF funds held less than 90 days or on trades less than $200. No shipping and handling charges apply on mutual funds.
