Common use of Total Return Incentive Fee Clause in Contracts

Total Return Incentive Fee. The year end net asset value is greater than the net asset value floor of $24.75 and the High Water Mark. However, the Total Return to Non-founder Shareholders of a particular share class for the fee calculation does not exceed the 7.00% preferred return rate. Therefore there is no incentive fee payable for such share class.

Total Return Incentive Fee. The year end net asset value is greater than the net asset value floor of $24.75 and the High Water Mark. However, the Total Return to Non-founder Founder Shareholders of a particular share class for the fee calculation does not exceed the 7.00% preferred return rate. Therefore Therefore, there is no incentive fee payable for such share classFounder Shareholders.

Total Return Incentive Fee. The year end net asset value is greater than the net asset value floor of $24.75 and the High Water MarkMxxx. However, the Total Return to Non-founder Founder Shareholders of a particular share class for the fee calculation does not exceed the 7.00% preferred return rate. Therefore Therefore, there is no incentive fee payable for such share classFounder Shareholders.

Total Return Incentive Fee. The year end net asset value is greater than the net asset value floor of $24.75 and the High Water MarkMxxx. However, the Total Return to Non-founder Shareholders of a particular share class for the fee calculation does not exceed the 7.00% preferred return rate. Therefore there is no incentive fee payable for such share class.