Average Quarterly Net Assets definition
Average Quarterly Net Assets means the average of the net asset value of the Fund Assets, Plan Assets or Combined Assets, as the case may be, as of the last business day of each month in the calendar quarter.
Average Quarterly Net Assets means the average of the average daily net asset values of the Account and/or the average of the net asset values of the Other ▇▇▇▇▇▇ Accounts, as the case may be, as of the last business day of each of the three months in the calendar quarter. It is understood that the average daily net asset value of the Account shall be calculated in accordance with the policies of the Trust as set forth in the Trust’s prospectus as it may be amended from time to time and that the net asset value of the Other Accounts shall be calculated by the applicable custodian or valuation agent and that income accruals and receivables shall be included in making such calculation.
Average Quarterly Net Assets means the average of the average daily net asset values of the Account and, the average of the average daily net asset values of The Small Capitalization Equity Portfolio of the Trust allocated to the Portfolio Manager from time-to-time and/or the average of the net asset values of the Other ▇▇▇▇▇▇ Accounts, as the case may be, as of the last business day of each of the three months in the calendar quarter. It is understood that the average daily net asset value of the Account and The Small Capitalization Equity Portfolio shall be calculated in accordance with the policies of the Trust as set forth in the Trust’s prospectus as it may be amended from time to time and that the net asset value of the Other Accounts shall be calculated by the applicable custodian or valuation agent and that income accruals and receivables shall be included in making such calculation.
Examples of Average Quarterly Net Assets in a sentence
For so long as the Average Quarterly Net Assets of the Combined Assets are greater than $200 million, the fee shall be at the annual rate of 0.20% of the Average Quarterly Net Assets of the Combined Assets.
If the Average Quarterly Net Assets of the Combined Assets are reduced to $200 million or less due to withdrawals or redemptions, beginning with the first calendar quarter following the date on which such withdrawal or redemption reduced such Average Quarterly Net Assets of the Combined Assets to $200 million or less, the fee shall be calculated based on Average Quarterly Net Assets of the Combined Assets at the following annual rates.
More Definitions of Average Quarterly Net Assets
Average Quarterly Net Assets means the average of the average daily net asset values of the Account, the average of the average daily net asset values of The U.S. Mortgage/ Asset Backed Fixed Income Securities Portfolio of the Trust allocated to the Portfolio Manager from time-to-time and/or the average of the month-end net asset values of the Combined Assets on the Other ▇▇▇▇▇▇ Accounts, as the case may be, as of the last business day of each of the three months in the calendar quarter. It is understood that the average daily net asset value of the Account and The U.S. Mortgage/ Asset Backed Fixed Income Securities Portfolio shall be calculated in accordance with the policies of the Trust as set forth in the Trust's prospectus as it may be amended from time to time and that the net asset value of the Other Accounts shall be calculated by the applicable custodian or valuation agent and that income accruals and receivables shall be included in making such calculation.
Average Quarterly Net Assets means the average of the average daily net asset values of each of the Account, the Institutional International Account and/or the average of the net asset values of the Other ▇▇▇▇▇▇ Accounts, as the case may be, as of the last business day of each of the three months in the calendar quarter. It is understood that the average daily net asset value of the Account and the Institutional International Account shall be calculated in accordance with the policies of the Trust as set forth in the Trust’s prospectus as it may be amended from time to time and that the net asset value of the Other Accounts shall be calculated by the applicable custodian or valuation agent and that income accruals and receivables shall be included in making such calculation.
Average Quarterly Net Assets means the average of the average daily net asset values of the Account, the average of the average daily net asset values of The Core Fixed Income Securities Portfolio of the Trust allocated to the Portfolio Manager from time-to-time and/or the average of the net asset values of the Combined Assets on the Other ▇▇▇▇▇▇ Accounts, as the case may be, as of the last business day of each of the three months in the calendar quarter. It is understood that the average daily net asset value of the Account and The Core Fixed Income Securities Portfolio shall be calculated in accordance with the policies of the Trust as set forth in the Trust’s prospectus as it may be amended from time to time and that the net asset value of the Other Accounts shall be calculated by the applicable custodian or valuation agent and that income accruals and receivables shall be included in making such calculation.
Average Quarterly Net Assets. ' shall mean the average of the net asset value of the Fund Assets, Plan Assets or Combined Assets, as the case may be, as of the last business day of each month in the calendar quarter.