Common use of Total Expense Ratio Clause in Contracts

Total Expense Ratio. The total expense ratio (“TER”) of each Unit Class is calculated in accordance with the general principles recognized by the FMA and shall include any and all costs and fees charged to the relevant Unit Class of the relevant Sub-Fund on an ongoing basis, with the exception of transaction costs. The relevant Unit Class’ TER is published in the semi-annual and annual reports of the UCITS and on the LAFV's website at xxx.xxxx.xx.

Total Expense Ratio. The total expense ratio (“TER”) of each Unit Class is calculated in accordance with the general principles recognized by the FMA and shall include any and all costs and fees charged to the relevant Unit Class of the relevant Sub-Fund on an ongoing basis, with the exception of transaction costs. The relevant Unit Class’ ’s TER is published in the semi-annual and annual reports of the UCITS and on the LAFV's website at xxx.xxxx.xx.