Sentences with phrase «average daily net assets»

^ The Fund's investment adviser is contractually obligated until April 30, 2019 (i) to waive up to the full amount of the advisory fee payable by the Fund and / or (ii) to reimburse the Fund to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, and distribution, shareholder servicing, and sub-transfer agency fees) exceed 0.13 % of average daily net assets on an annual basis.

* The Advisor has contractually agreed to defer its investment advisory fees and / or absorb or reimburse Fund expenses until at least November 1, 2018 to the extent necessary to limit the Fund's annual ordinary operating expenses (excluding acquired fund fees and expenses) to an amount not exceeding 1.13 % annually of the Fund's average daily net assets.

The Fund's advisor & administrator have entered into a series of agreements that run through September 30, 2017 which limit the Fund's operating expenses to 1.70 % of the average daily net assets of the Fund, exclusive of brokerage fees and commissions, taxes, borrowing costs (such as interest or dividend expenses on securities sold short), acquired fund fees and expenses, extraordinary expenses, and distribution and / or service (12b - 1) fees.

The Fund's advisor has contractually agreed to waive its fees and / or pay for operating expenses of the Fund to ensure that total annual fund operating expenses do not exceed 1.50 % and 1.25 % of the average daily net assets for Advisor Class and Institutional Class shares of the Fund, respectively.

(3) Certain Investment Portfolios pay to the Board a fee equal to 0.05 % of the average daily net assets held by such Investment Portfolios to pay for expenses related to the administration of the Plan.

(2) Each Investment Portfolio (with the exception of the Principal Plus Interest Portfolio) pays the Plan Manager a fee at an annual rate of 0.03 % of the average daily net assets held by that Investment Portfolio.

The Program Manager is paid a program management fee at an annual rate of 0.05 % of the average daily net assets of each of the Investment Options (excluding any assets in the Principal Plus Interest Option).

TIAA - CREF Life also pays the Board a fee, equal to 0.05 % of the average daily net assets held by the Principal Plus Interest Portfolio.

For its services administering MESP, a state administrative fee is paid to the Michigan Department of Treasury at an annual rate of 0.02 % of the average daily net assets of MESP.

TIAA - CREF Life pays the Michigan Department of the Treasury a fee equal to 0.02 % of the average daily net assets held by the Principal Plus Interest Option.

* The Advisor has contractually agreed to defer its investment advisory fees and / or absorb or reimburse Fund expenses until at least November 1, 2018 to the extent necessary to limit the Fund's annual ordinary operating expenses (excluding acquired fund fees and expenses) to an amount not exceeding 0.73 % annually of the Fund's average daily net assets.

^ SSGA Funds Management, Inc. (the «Adviser») has contractually agreed to waive its management fee and reimburse certain expenses, until October 31, 2018, so that the net annual Fund operating expenses, before application of any fees and expenses not paid by the Adviserpursuant to the Investment Advisory Agreement, if any, are limited to 0.45 % of the Fund's average daily net assets.

(3) Each Investment Portfolio (with the exception of the Principal Plus Interest Option) pays to the Michigan Department of Treasury a State Administrative Fee at an annual rate of 0.05 % (5 basis points) of the average daily net assets of the Investment Portfolio.

For its services administering the Minnesota College Savings Plan, a state administrative fee is paid to the State of Minnesota at an annual rate of 0.0065 % of the average daily net assets of the Minnesota College Savings Plan.

The Plan Manager is paid a program management fee at an annual rate of 0.15 % of the average daily net assets of each of the Investment Options (excluding any assets in the Principal Plus Interest Option).

The fee is usually expressed as a percentage of the fund's average daily net assets.

5 Each Investment Option (with the exception of the Principal Plus Interest Option) pays TFI an annualized Program Manager Fee equal to the stated percentage of the average daily net assets held by that Investment Option.

A State administrative fee is paid to the Michigan Department of Treasury at an annual rate of 0.05 % of the average daily net assets.

^ SSGA Funds Management, Inc. (the «Adviser») has contractually agreed to waive its management fee and / or reimburse certain expenses, until January 31, 2019, so that the net annual Fund operating expenses of the Fund, before application of any fees and expenses not paid by the Adviser pursuant to the Investment Advisory Agreement, if any, are limited to 0.30 % of the Fund's average daily net assets.

(CollegeInvest will charge an administrative fee at an annual rate of 0.71 % of the average daily net assets in each Account.

The Advisor has contractually agreed to waive its fees and / or reimburse expenses at least through April 30, 2019 to the extent necessary to ensure that the total operating expenses do not exceed 1.10 % of the Investor Class's average daily net assets and 0.85 % of the Institutional Class's average daily net assets.