Management and Performance Fees definition
Management and Performance Fees section of the relevant Supplement in respect of each Class of Shares shall be calculated by the Administrator and accrue pro-rata at each Valuation Point and be payable monthly in arrears at a rate of 1/12 of the rate set out in the “Portfolio Specific Information – Management and Performance Fees” section of the relevant Supplement in respect of each Class of Shares as applied on the average Net Asset Value of such Class of Shares for the relevant month. The Manager shall be entitled to the performance fees in respect of the various Share Class types as outlined for each Portfolio in the relevant Supplement. These fees will be payable out of the assets of the relevant Portfolio. Investors should refer to the Naming Convention in the “Important Information” section of this Prospectus where a breakdown is provided of the Share Class types. Share Classes with an “E” designation are equalisation Share Classes. Share Classes with an “L” designation are LIBOR benchmark Share Classes. Share Classes with an “M” designation are market/index benchmark Share Classes. Share Classes with an “N” designation are non-benchmarked Share Classes. Details of the manner by which performance fees are calculated is set out in more detail below: The performance fees payable in respect of each Share Class are set out below. The manner in which the appreciation in value in the case of the “L” Share Classes and the “N” Share Classes and the outperformance of the “M” Share Classes are calculated for these purposes is also described in more detail below. In addition, the manner in which the investor’s Benchmark Return is calculated for the purposes of calculating the performance fee is also described in more detail below. The calculation of the performance fees is verified by the Depositary.
Management and Performance Fees section of the relevant Supplement in respect of each Class of Shares shall be calculated by the Administrator and accrue pro-rata at each Valuation Point and be payable monthly in arrears at a rate of 1/12 of the rate set out in the “Portfolio Specific Information – Management and Performance Fees” section of the relevant Supplement in respect of each Class of Shares as applied on the average Net Asset Value of such Class of Shares for the relevant month. The Manager shall be entitled to the performance fees in respect of the various Share Class types as outlined for each Portfolio in the relevant Supplement. These fees will be payable out of the assets of the relevant Portfolio. Investors should refer to the Naming Convention in the “Important Information” section of this Prospectus where a breakdown is provided of the Share Class types. Share Classes with an “L” designation are IBOR or alternative RFR benchmark Share Classes. Share Classes with an “M” designation are market/index benchmark Share Classes. Share Classes with an “N” designation are non-benchmarked Share Classes. Details of the manner by which performance fees are calculated is set out in more detail below. Furthermore, worked examples in respect of the calculation and accrual of the performance fee for the “L” Share Classes, “M” Share Classes and “N” Share Classes are set out in Appendix VI hereto. The performance fees payable in respect of each Share Class are set out below. The manner in which the appreciation in value in the case of the “L” Share Classes and the “N” Share Clas ses and the outperformance of the “M” Share Classes are calculated for these purposes is also described in more detail below. In addition, the manner in which the investor’s Benchmark Return is calculated for the purposes of calculating the performance fee is also described in more detail below. The calculation of the performance fees is verified by the Depositary and is not open to the possibility of manipulation.
Management and Performance Fees section of the relevant Supplement in respect of each Class of Shares shall be calculated by the Administrator and accrue pro-rata at each Valuation Point and be payable monthly in arrears at a rate of 1/12 of the rate set out in the “Portfolio Specific Information – Management and Performance Fees” section of the relevant Supplement in respect of each Class of Shares as applied on the average Net Asset Value of such Class of Shares for the relevant month. The Manager shall be entitled to the performance fees in respect of the various Share Class types as outlined for each Portfolio in the relevant Supplement. These fees will be payable out of the assets of the relevant Portfolio. Investors should refer to the Naming Convention in the “Important Information” section of this Prospectus where a breakdown is provided of the Share Class types. Share Classes with an “E” designation are equalisation Share Classes. Share Classes with an “L” designation are LIBOR benchmark Share Classes. Share Classes with an “M” designation are market/index benchmark Share Classes. Share Classes with an “N” designation are non-benchmarked Share Classes. Details of the manner by which performance fees are calculated is set out in more detail below: The performance fees payable in respect of each Share Class are set out below. The manner in which the appreciation in value in the case of the “L” Share Classes and the “N” Share Classes and the outperformance of the “M” Share Classes are calculated for these purposes is also described in more detail below. In addition, the manner in which the investor’s Benchmark Return is ca lculated for the purposes of calculating the performance fee is also described in more detail below. The calculation of the performance fees is verified by the Depositary.
Examples of Management and Performance Fees in a sentence
The parties shall agree on Management and Performance Fees, and appropriate revisions to this Appendix A, in the event of investments in the Trading Fund by entities that may invest in accordance with Section 15(k) of the Agreement.
These costs shall be deducted from the Account as they arise and are separate from the Management and Performance Fees.
The parties shall agree on Management and Performance Fees, and appropriate revisions to this Appendix A, in the event of investments in the Trading Fund by the AlphaMosaic Platform (directly or indirectly) or such other entities as may invest in accordance with Section 16(k) of the Agreement.