Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Trust the compensation described on Appendix A hereto.
Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Fund fees in an amount equal to the following average daily net assets of the Fund throughout each month: Average Daily Net Assets for the Month Annual Fee Rate Up to $500 million 0.750% $500 million but less than $1 billion 0.725% $1 billion but less than $2.5 billion 0.700% $2.5 billion but less than $5 billion 0.680% $5 billion and over 0.665% Such compensation shall be paid monthly in arrears on the last business day of each month. The Fund’s daily net assets shall be computed in accordance with the Declaration of Trust of the Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be based on the number of calendar days during which it is in effect.
Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Fund fees as set forth below: For investment management services: Xxxxx Xxxxx shall receive a fee based on the Fund’s average daily net assets per annum that are not invested in other investment companies for which Xxxxx Xxxxx or its affiliate (i) serves as adviser and (ii) receives an advisory fee (“Direct Assets”) as follows: Direct Assets Annual Fee Rate Up to $500 million 0.650% $500 million but less than $1 billion 0.625% $1 billion but less than $2.5 billion 0.600% $2.5 billion and over 0.575% For administrative services: The Board of Trustees of the Fund has currently determined that Xxxxx Xxxxx shall receive no compensation from the Fund in respect of the administrative services to be rendered and the facilities to be provided under this Agreement. If the Trustees subsequently determine that the Fund should compensate Xxxxx Xxxxx for such services and facilities, such compensation shall be set forth in a separate administrative agreement to be entered into by the parties hereto. The foregoing compensation shall be paid monthly in arrears on the last business day of each month. The Fund’s daily net assets shall be computed in accordance with the Declaration of Trust of the Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be based on the number of calendar days during which it is in effect. Xxxxx Xxxxx may, from time to time, waive all or a part of the above compensation.
Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Fund fees in an amount equal to the following average daily net assets of the Fund throughout each month: Average Daily Net Assets for the Month Annual Fee Rate Up to $500 million 0.800% $500 million but less than $1 billion 0.775% $1 billion but less than $2.5 billion 0.750% $2.5 billion but less than $5 billion 0.730% $5 billion and over 0.715% Such compensation shall be paid monthly in arrears. The Fund’s daily net assets shall be computed in accordance with the Declaration of Trust of the Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be based on the number of calendar days during which it is in effect. Xxxxx Xxxxx may, from time to time, waive all or a part of the above compensation.
Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Trust compensation in an amount equal to a percentage of the investable assets of the Fund per annum which are not invested in other investment companies for which Xxxxx Xxxxx or its affiliate (i) serves as adviser and (ii) receives an advisory fee (“Xxxxx Xxxxx Funds”), as listed below. Investable Assets for the Month (excluding Shares of Xxxxx Xxxxx Funds) Annual Asset Rate Up to $500 million 1.000% $500 million but less than $1 billion 0.950% $1 billion but less than $2.5 billion 0.925% $2.5 billion but less than $5 billion 0.900% $5 billion and over 0.880% Such compensation shall be paid monthly in arrears on the last business day of each month. The Fund’s daily net assets shall be computed in accordance with the Declaration of Trust of the Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be based on the number of calendar days during which it is in effect.
Compensation of Xxxxx Xxxxx. The Board of Trustees of the Trust have currently determined that, based on the current level of compensation payable to Xxxxx Xxxxx by the Trust under the Trust’s present Investment Advisory Agreement with Xxxxx Xxxxx, Xxxxx Xxxxx shall receive no compensation from the Trust in respect of the services to be rendered and the facilities to be provided by Xxxxx Xxxxx under this Agreement. If the Trustees subsequently determine that the Trust should compensate Xxxxx Xxxxx for such services and facilities, such compensation shall be set forth in a new agreement or in an amendment to this Agreement to be entered into by the parties hereto.
Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Fund fees in an amount equal to the following average daily net assets of the Fund throughout each month: Average Daily Net Assets for the Month Annual Fee Rate Up to $1 billion 0.3200% $1 billion but less than $2.5 billion 0.3075% $2.5 billion but less than $5 billion 0.2950% $5 billion and over 0.2875% Such compensation shall be paid monthly in arrears. The Fund’s daily net assets shall be computed in accordance with the Declaration of Trust of the Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be based on the number of calendar days during which it is in effect. Xxxxx Xxxxx may, from time to time, waive all or a part of the above compensation.
Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Fund fees as set forth below: For investment management services: Xxxxx Xxxxx shall receive a fee based on the Fund’s average daily net assets per annum as follows: Average Daily Net Assets Annual Fee Rate Up to $500 million 0.900% $500 million but less than $1 billion 0.850% $1 billion but less than $2.5 billion 0.825% $2.5 billion but less than $5 billion 0.800% $5 billion and over 0.780% For administrative services: The Board of Trustees of the Fund has currently determined that Xxxxx Xxxxx shall receive no compensation from the Fund in respect of the administrative services to be rendered and the facilities to be provided under this Agreement. If the Trustees subsequently determine that the Fund should compensate Xxxxx Xxxxx for such services and facilities, such compensation shall be set forth in a separate administrative agreement to be entered into by the parties hereto. The foregoing compensation shall be paid monthly in arrears on the last business day of each month. The Fund’s daily net assets shall be computed in accordance with the Declaration of Trust of the Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be based on the number of calendar days during which it is in effect. Xxxxx Xxxxx may, from time to time, waive all or a part of the above compensation.
Compensation of Xxxxx Xxxxx. For the services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Fund fees as set forth below: For investment management services: Xxxxx Xxxxx shall receive a fee based on the Fund’s average daily net assets per annum as follows: Average Daily Net Assets Annual Fee Rate Up to $500 million 0.650% $500 million but less than $1 billion 0.625% $1 billion but less than $2.5 billion 0.600% $2.5 billion and over 0.575% For administrative services: Xxxxx Xxxxx shall receive a fee equal to 0.15% of the Fund’s average daily net assets per annum. The foregoing compensation shall be paid monthly in arrears on the last business day of each month. The Fund’s daily net assets shall be computed in accordance with the Declaration of Trust of the Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement during any month with respect to the Fund, the fee for that month shall be based on the number of calendar days during which it is in effect. Xxxxx Xxxxx may, from time to time, waive all or a part of the above compensation.
Compensation of Xxxxx Xxxxx. For the investment advisory services, payments and facilities to be furnished hereunder by Xxxxx Xxxxx, Xxxxx Xxxxx shall be entitled to receive from the Trust compensation in an amount equal to an annual rate of 0.75% of the initial net assets of the Trust. Such compensation shall be paid monthly in arrears. Xxxxx Xxxxx may, from time to time, decide to delay payment of its compensation. The Trust’s net assets shall be computed in accordance with the Declaration of Trust and any applicable votes and determinations of the Trustees of the Trust. In case of initiation or termination of the Agreement (1) during any month, the fee for that month shall be reduced proportionately on the basis of the number of calendar days during which the Agreement is in effect; and (2) should the termination be as a result of Xxxxx Xxxxx being replaced by another investment manager, any fees accumulated, but unpaid to Xxxxx Xxxxx, shall be waived. Xxxxx Xxxxx may, from time to time, waive all or a part of the above compensation. The Board of Trustees of the Trust has currently determined that, based on the current level of compensation payable to Xxxxx Xxxxx by the Trust for its investment advisory services under this Agreement, Xxxxx Xxxxx shall receive no compensation from the Trust in respect of the administrative services to be rendered and the facilities to be provided by Xxxxx Xxxxx in connection with its administrative responsibilities under this Agreement. If the Trustees subsequently determine that the Fund should compensate Xxxxx Xxxxx for such administrative services and facilities, such compensation shall be set forth in an amendment to this Agreement to be entered into by the parties hereto.
