Total Expense Ratio definition

Total Expense Ratio means the ratio of the sum of all fees, expenses, taxes or government levies charged to the Collective Investment scheme to average daily net assets value of that Collective Investment Scheme.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Total Expense Ratio means an indicator expressed as a percentage of the total cost of the Fund to the average monthly value of the Fund Capital Value, total expense ratio being the sum of fees and commissions, administrative expenses and other operating expenses in the statement of expenses or profit; losses of the collective investment fund pursuant to a special legal regulation after deduction of fees and commissions for operations with investment instruments. The total cost can also be referred to as "ongoing charges".

Total Expense Ratio means the expense ratio calculated by dividing the amount of such operating costs paid by a Sub-Fund as may be specified in the relevant Supplement by the average NAV of the Sub-Fund;

Examples of Total Expense Ratio in a sentence

Any Class Expenses waived or paid by the Manager pursuant to a Total Expense Ratio Limitation are subject to reimbursement to the Manager by the Fund or Class (as applicable) whenever Class Expenses are below the Total Expense Ratio Limitation for the Fund or Class (as applicable) set forth on Schedule 1.
Amendment or termination of each Total Expense Ratio Limitation that applies to a Z Class of a Fund does not require approval by shareholders of the Fund or its separate classes of shares.
Each Total Expense Ratio Limitation that applies to a Z Class of a Fund may not be terminated without the approval by the applicable Corporation’s Board of Directors, including the approval of a majority of the directors who are not interested persons of the Corporation, provided that each Total Expense Ratio Limitation that applies to a Z Class will terminate automatically upon termination of the applicable Management Agreement.
Each Total Expense Ratio Limitation that applies to a Z Class of a Fund may only be amended with the written consent of the Manager and the Fund.
The Fund's Total Expense Ratio (TER) reflects the percentage of the average Net Asset Value (NAV) of the portfolio that was incurred as charges, levies and fees related to the management of the portfolio.
To ensure that the Total Expense Ratio (“TER”) for each Sub-Fund is maintained at a competitive level, the Investment Management fees and other fees are capped for each class of the Sub-Fund.
Total Expense Ratio From 1 January 2017 Omolon Gold Mining Rental fees The land in the Russian Federation and Kazakhstan on which the Group's production facilities are located is owned by the state.
Tracking error can arise due to factors such as the impact of the Total Expense Ratio (TER), changes in the composition of the underlying benchmark and type of ETF (e physical vs synthetic).
Any Advisor Class Expenses paid by the Manager pursuant to the Advisor Class Limitation are subject to reimbursement to the Manager by the Fund or Advisor Class whenever the Advisor Class Total Expense Ratio is below the amount set forth in Exhibit A.
Any Investor Class Expenses paid by the Manager pursuant to the Investor Class Limitation are subject to reimbursement to the Manager by the Fund or Investor Class whenever the Investor Class Total Expense Ratio is below the amount set forth in Exhibit A.

More Definitions of Total Expense Ratio

Total Expense Ratio means the Total Expense Ratio ("TER") as may be specified in the Final Termsheet. The TER is calculated by the Issuer and/or the Lead Manager or any third party appointed by the Issuer, as applicable, on the Initial Fixing Date, or at the beginning of the subscription period and will not be updated during the lifetime of the Product. The TER corresponds to the difference between the Issue Price of the Product and the IEV and is comprised of the expected issuer margin and the Distribution Fee, if such is applicable as stated in the Final Termsheet. The expected issuer margin covers amongst others the costs for the structuring, market making and settlement of the Product and also includes the expected issuer revenues. The Issue Price (including the TER) as well as the bid and offer prices of the Product are calculated based on internal pricing models of the Issuer and/or the Lead Manager or any third party appointed by the Issuer, as applicable.

Total Expense Ratio means a measure of a portfolio’s assets that have been

Total Expense Ratio means a measure of a portfolio’s assets that have been expended as payment for services rendered in the management of the portfolio or fund, expressed as a percentage of the average daily value of the portfolio or fund calculated over a period of a financial year by the manager of the portfolio or fund;

Total Expense Ratio means a measure of a portfolio’s assets that have been expended as payment for services rendered in the management of the portfolio or collective

Total Expense Ratio means the annual percentage reduction in investor