Closing AUM definition

Closing AUM means the total assets under management in all Funds managed within the Group on the last day of the relevant Financial Year, calculated on the same basis as reported in the Group’s annual report and accounts, save as stated in 4(c) below.(c) Unless the Board determines otherwise (at any time):
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Closing AUM means (i) the aggregate net asset values of the Funds, Offshore Funds and accounts managed by the Subsidiaries for Non-Fund Clients, as of 4:00 p.m. (New York time) on the Closing Calculation Date (or if the Closing Calculation Date is not a trading day, then on the immediately preceding trading day), prepared in the same manner as for March 31, 2001 AUM, minus (ii) Equity Net Flows, minus (iii) Taxable Fixed Income Net Flows, minus (iv) Tax Exempt Net Flows, minus (v) Money Market Net Flows, minus (vi)Variable Annuity Net Flows.
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Closing AUM means (i) the Base AUM, minus (ii) the total amount of AUM reflected in Base AUM of those Clients for which any required Client Consent has not been received as of the date of delivery of the Calculated Revenue Run Rate Statement, minus (iii) the total amount of AUM reflected in Base AUM withdrawn after March 31, 2005 by any Client included in Base AUM other than by a Client subtracted from Closing AUM under clause (ii) hereof, but prior to the Initial Closing Date, plus (iv) the total AUM on the first day of the most recent calendar month immediately preceding the Initial Closing Date of any Person who became a Client after March 31, 2005 and prior to the Closing Date, plus (v) any additional contributions to AUM made after March 31, 2005 by any Client included in Base AUM other than by a Client subtracted from Closing AUM and prior to the Closing Date under clause (ii) hereof; provided, however, that (A) in the event the Initial Closing Date is prior to the 10th day of the respective month, the amount in clauses (iii) and (iv) hereof shall be calculated as of the first day of the penultimate calendar month immediately preceding the Initial Closing Date and (B) the total AUM of any Client that has terminated its investment advisory relationship with the Companies after March 31, 2005, but prior to the Initial Closing Date, shall be zero.
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Examples of Closing AUM in a sentence

  • As of June 30, 2020, 50.8% of our Domestic Mutual Fund Closing AUM was invested in equity shares, 0.4% was invested in gold and 48.7% was invested in fixed income securities.

  • As of June 30, 2020, 48.7% of our Domestic Mutual Fund Closing AUM were invested in fixed income securities.

  • Additionally, since individual investors accounted for 45.5% of our Domestic Mutual Fund Closing AUM as of June 30, 2020, volatile market conditions and adverse ec onomic performance or economic outlook in India or globally could result in a decline in the disposable income of Indian retail customers for investing in mutual funds; this could cause a shift in the savings or investment pattern in India, resulting in lower sales and higher levels of redemptions.

  • In addition, as early as possible on the Business Day immediately prior to the Closing Date, MIMI shall cause to be prepared and delivered to Buyer a certificate of the Chief Financial Officer of MIMI setting forth the Assets Under Management for each Portfolio of the Ivy Fund as at the Closing Date, excluding the Assets Under Management for any Portfolio for which a Fund Shareholder Approval has not been obtained (the "Closing AUM"), including reasonable detail on the calculation of the Closing AUM.

  • At least two (2) Business Days prior to the Initial Closing Date, Permal, in consultation with Parent and the Management Shareholders, shall cause to be prepared and delivered to Buyer a certificate setting forth the Closing AUM.

  • Until the Closing, AUM will not resign as a member or as managing member of Chipeta and will not, directly or indirectly, sell, assign, transfer, convey or otherwise cease to own the Remaining Interest or any portion thereof.

  • Additionally, since individual investors accounted for 45.5% of our Domestic Mutual Fund Closing AUM as of June 30, 2020, volatile market conditions and adverse economic performance or economic outlook in India or globally could result in a decline in the disposable income of Indian retail customers for investing in mutual funds; this could cause a shift in the savings or investment pattern in India, resulting in lower sales and higher levels of redemptions.

Related to Closing AUM

  • Closing Agent means the attorney, real estate firm, or closing company that is closing the cash sale qualifying purchase transaction and that prepares the cash sale settlement statement.

  • Closing Amount has the meaning set forth in Section 2.3.

  • Pre-Closing Straddle Period means the portion of the Straddle Period ending on the Closing Date.

  • Final Closing Statement has the meaning set forth in Section 2.4(a).

  • closing agreement as described in Section 7121 of the Code (or any corresponding or similar provision of state, local or foreign income Tax law) executed on or prior to the Closing Date; (iii) installment sale or open transaction disposition made on or prior to the Closing Date; or (iv) prepaid amount received on or prior to the Closing Date;

  • Pre-Closing Statement has the meaning set forth in Section 2.4(a).

  • Closing Adjustment has the meaning set forth in Section 2.04(a)(ii).

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Closing Statement means the Closing Statement in the form on Annex A attached hereto.

  • Post-Closing Adjustment has the meaning set forth in Section 2.04(b)(ii).

  • Post-Closing Statement has the meaning set forth in Section 3.3(c).

  • Estimated Closing Statement has the meaning set forth in Section 2.4(a).

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • Closing Location means the location that all Proposals for this RFP will be accepted at.

  • Final Closing Cash shall have the meaning set forth in Section 2.11(g).

  • Closing Cash means the aggregate amount of all Cash of the Company as of the close of business on the day immediately preceding the Closing Date.

  • Seller's Closing Certificate means the certificate of Seller in the form of Exhibit C attached hereto.

  • Closing Cash Amount shall have the meaning set forth in Section 2.8(b).

  • Closing Purchase Price shall have the meaning ascribed to such term in Section 2.1(b), which aggregate purchase price shall be net of the underwriting discounts and commissions.

  • Closing Cash Payment has the meaning set forth in Section 2.06(a).

  • Closing Statements has the meaning set forth in Section 3.3(b).

  • Draft Closing Statement means a draft closing statement as of the close of business of the fifth (5th) Business Day immediately preceding the Closing Date setting forth an estimate of the Purchase Price (including all adjustments and prorations thereto).

  • Post-Closing Adjustment Amount has the meaning set forth in Section 1.9.3.

  • Closing Escrow Agreement means the Closing Escrow Agreement, dated as of the date hereof, between the Placement Agent, the Company and the Escrow Agent pursuant to which the Investors shall deposit their Investment Amounts with the Escrow Agent to be applied to the transactions contemplated hereunder, in the form of Exhibit B hereto.

  • Closing Notice Has the meaning specified in the NPA. Company: Has the meaning specified in the first paragraph of this Trust Supplement.

  • Final Settlement Statement has the meaning set forth in Section 2.6(b).