Management Fee Distribution definition

Management Fee Distribution means an amount equal to the difference between the Management Fees otherwise chargeable by the Manager and a reduced fee determined by the Manager, at its discretion, from time to time, and that is distributed by an ETF quarterly in cash to Unitholders of the ETF who hold large investments in that ETF;

Management Fee Distribution means a distribution pursuant to Section 16.11.

Management Fee Distribution shall have the meaning set forth in Section 9.2(h) of this Agreement.

Examples of Management Fee Distribution in a sentence

• Summary of Charges and Fees: Current Initial/Sales ChargeCurrent Switching chargeCurrent Redemption/ Sales Exit FeeCurrent Annual Management Fee Distribution Fee Performance fee for funds with equity indices Up to 5.25% Up to 2% Up to 1% Up to 1.50% n/aThe Investment Manager may earn a performance fee if the relevant class exceeds the return of the relevant index by more than the hurdle rate on an annualised basis.

• Summary of Charges and Fees: Current Initial/Sales ChargeCurrent Switching chargeCurrent Redemption/ Sales Exit FeeCurrent Annual Management Fee Distribution Fee Performance fee for funds with equity indices Up to 1% Up to 2% Up to 1% Up to 0.80% n/aThe Investment Manager may earn a performance fee if the relevant class exceeds the return of the relevant index by more than the hurdle rate on an annualised basis.

• For each Money Market Fund, the Manager shall determine the amount of the Fund’s net income for a calendar year that accrues each day in the year (excluding net income that becomes payable to Unitholders pursuant to Section 16.11 (Management Fee Distribution)), and the portion of the net income accruing each day that is allocable to each series of Units of the Fund.

• Summary of Charges and Fees: Current Initial/Sales ChargeCurrent Switching chargeCurrent Redemption/ Sales Exit FeeCurrent Annual Management Fee Distribution Fee Performance fee for funds with equity indices 0% Up to 2% Up to 1% Up to 1.50% Up to 0.75%The Investment Manager may earn a performance fee if the relevant class exceeds the return of the relevant index by more than the hurdle rate on an annualised basis.

• The net income of the Fund as thus computed as of a day, less the amount of any Management Fee Distribution considered to be payable out of such net income, shall be credited to Participants in the Fund.

• The net realized capital gains of the Fund as thus computed as of a day less the amount of any Management Fee Distribution considered to be payable out of such net realized capital gains shall be credited to Participants in the Fund.

• Investors should refer to the Luxembourg Prospectus for other material information relating to the Funds.APPENDIX 1 – FEES, CHARGES AND EXPENSESThe fees, charges and expenses applicable to the Funds are set out in the tables below.In respect of each Fund, the Initial Charge (payable by the Investor), Management Fee, Distribution Fee and Contingent Deferred Sales Charge (“CDSC”) (payable by the Investor where the Directors believe that excessive trading is being practised) are set out as follows.

• RBC GAM, in its discretion, as contemplated by section 13.1.3, shall determine whether any beneficial owner of Units is entitled to receive any Management Fee Distribution and the amount of such Management Fee Distribution.

• For purposes of determining the Management Fee, the NAV of the Company and the NAV of the Units will be calculated before giving effect to any accruals for the Management Fee, Distribution Fees, the Performance Allocation (as defined in the Operating Partnership Agreement) or any Distributions payable on Shares or distributions payable on Units.

• The Manager, in its discretion, shall determine whether any Unitholder is entitled to receive any Management Fee Distribution and the amount of such Management Fee Distribution.

More Definitions of Management Fee Distribution

Management Fee Distribution has the meaning ascribed thereto in section 6.01(3);

Management Fee Distribution means a distribution pursuant to Section6.6;

Management Fee Distribution means an amount equal to the difference between the management fee otherwise chargeable and a reduced management fee payable (both amounts being inclusive of sales taxes), which is distributed by the Smart Portfolio to eligible Account(s) and automatically reinvested in additional units of the applicable Smart Portfolio.