Class NAV definition

Class NAV means the aggregate net asset value of a particular class of Partnership Units, and shall be calculated as: (i) the aggregate Investable Proceeds of such class of Partnership Units divided by (ii) the aggregate Investable Proceeds of all classes of Partnership Units multiplied by (iii) the Net Asset Value. The Class NAV may be adjusted by class, at the sole discretion of the Portfolio Manager, for factors including, but not limited to, assets, liabilities, revenues, Commissions, costs, expenses or any transaction unique to each class of Partnership Units.

Class NAV means, with respect to a Class, the amount determined from time to time in the manner set out in section 3(a) of Part I;

Class NAV or “Class Net Asset Value” means in respect of any particular Class of Units of the Trust or Class of LP Units of the Partnership on any particular Business Day, the portion of the Net Asset Value of the Trust attributed to the Units of such Class or of the Partnership attributed to the LP Units of such Class as determined by the Trustee or the Partnership as the context may require.

Examples of Class NAV in a sentence

• Class NAV Shares are not subject to Rule 12b-1 distribution and/or service fees.

• Class NAV shares of a Fund are offered without the imposition of any initial sales charge, contingent sales charge, service fee or distribution fee.

• Class NAV shares of a Fund are only available for purchase as described in the Prospectus and are subject to the minimum purchase requirements and exchange privileges as set forth in the Prospectus.

• Class NAV Shares are sold at net asset value without the imposition of an initial sales charge schedule or contingent deferred sales charge but are subject to the minimum purchase requirements set forth in the Fund's prospectus.

• Class NAV Shares shall be entitled to the shareholder services set forth from time to time in the Fund's prospectus with respect to Class NAV Shares.

More Definitions of Class NAV

Class NAV means, in respect of any Class of Shares or the Voting Shares at any time, the Proportionate Share of the NAV allocable to such Class of Shares or the Voting Shares, adjusted to reflect the Class of Shares' or the Voting Shares' Proportionate Share of Common Expenses and its Share Class Expenses;

Class NAV means in respect of a class of Partnership Units, a portion of the Net Asset Value attributed to such class of Partnership Units by the General Partner in its sole discretion, acting reasonably, with reference to factors including, but not limited to, assets, liabilities, revenues, Commissions, costs, expenses, or any transaction unique to each class of Partnership Units (including, for greater certainty, any accrued Special Allocation with respect to a class of Partnership Units).

Class NAV means the aggregate net asset value of a particular class of Partnership Units, and shall be calculated as: (i) the aggregate Investable Proceeds of such class of Partnership Units divided by

Class NAV means, for each Class, the sum of the Series NAVs for all Series within such Class. For the avoidance of doubt, the sum of the Class NAVs for all Classes shall equal Net Asset Value.

Class NAV means the aggregate net asset value of a particular class of Partnership Units, and shall be calculated as:

Class NAV means the NAV of any Class of Units of the Fund;

Class NAV means, for each Class, the portion of the Company’s Net Asset Value attributable to such Class.