Sentences with phrase «average net assets paid»

The Management Expense Ratio (MER) is the percentage of a fund's average net assets paid out of the fund each year to cover the day - to - day and fixed costs of managing the fund.

Not exact matches

During the past year, the Fund paid 0.13 % of net assets in commissions, with a turnover rate of 63 %, and an average price impact of 0.26 %.

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.

(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.

* As stated in the prospectus (pdf) dated 5/1/2018 ** Pursuant to an operating expense limitation agreement between Heartland Advisors and Heartland Group, Inc., on behalf of the Fund, Heartland Advisors has agreed to waive its management fees and / or pay expenses of the Fund to ensure that the Fund's total annual fund operating expenses (excluding front - end or contingent deferred sales loads, taxes, leverage, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividends or interest expenses on short positions, acquired fund fees and expenses, or extraordinary expenses) do not exceed 1.25 % of the Fund's average daily net assets for the Investor Class Shares and 0.99 % for the Institutional Class Shares through at least May 1, 2019, and subject to annual re-approval of the agreement by the Board of Directors, thereafter.

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.

¹ The before reimbursement expense ratio (which includes acquired fund fees and expenses (AFFE), if any) represents the total annual operating expenses, before reductions of any expenses paid indirectly as reported in the Fund's most current prospectus and is calculated as a percentage of average net assets (ANA).

^ 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.

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).

(2) Each Investment Portfolio (with the exception of the Principal Plus Interest Option) pays the Program Manager a fee at an annual rate of 0.32 % (32 basis points) of the average daily net assets of the Investment Portfolio.

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.

The Manager has contractually agreed to waive a portion of its management fees and / or pay the Allocation Fund's expenses (excluding taxes, interest, brokerage commissions, acquired fund fees and expenses, expenses incurred in connection with any merger or reorganization and extraordinary expenses such as litigation) in order to limit the net expenses of the Allocation Fund to 0.75 % of the Allocation Fund's daily average 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.

Institutional Class shares pay up to 0.25 % on an annualized basis of the average daily net assets as reimbursement or compensation for service and distribution - related activities with respect to a Fund and / or shareholder services.

The management expense ratio (MER) shows the percentage of the fund's daily average net assets that was paid in management fees and other expenses during the year.

Distribution Fees: The Trust, with respect to each Fund, has adopted the Trust's Master Distribution and Shareholder Servicing Plan for Investor Class shares and Institutional Class shares (the «Plans»), pursuant to Rule 12b - 1 of the 1940 Act, which allows each Fund to pay the Fund's distributor an annual fee for distribution and shareholder servicing expenses of 0.50 % and 0.25 % of the Fund's average daily net assets attributable to Investor Class shares and Institutional Class shares, respectively.

Each Fund pays an annual management fee (computed daily and payable monthly) of 1.60 % of the Fund's average daily net assets to the Adviser pursuant to the Advisory Agreement.

The shareholder servicing fee paid to a particular service provider is calculated at an annual rate and is based on the average daily net asset value of the fund shares owned by shareholders holding shares through such service provider.

The shareholder servicing fee paid to a particular service provider is calculated at the annual rate set forth in the chart above and is based on the average daily net asset value of the fund shares owned by shareholders holding shares through such service provider.