As would be expected, the yields of these funds — interest and dividends after expenses divided
by average net asset value — increase as the target date approaches maturity.
As each fund passes its fiscal year - end, the annual expense ratio is calculated by dividing the fund's operational expenses
by its average net assets.
The expense ratio equals recurring fees and expenses charged to the fund during the year divided
by average net assets.
Not exact matches
The decrease in
net revenues compared with the third quarter of 2010 was due to lower incentive fees, partially offset
by higher management and other fees, primarily reflecting higher
average assets under management.
^ The Fund's investment adviser, SSGA Funds Management, Inc. (the «Adviser» or «SSGA FM»), is contractually obligated until December 31, 2018 (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, acquired fund fees and expenses, and distribution, shareholder servicing and sub-transfer agency fees) exceed 0.85 % of
average daily
net assets on an annual basis.
^ The Fund's investment adviser, SSGA Funds Management, Inc. 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 for expenses to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees, and any class - specific expenses, such as distribution, shareholder servicing, sub-transfer agency and administration fees) exceed 0.01 % of
average daily
net assets on an annual basis.
^ 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.
ETF results ranked
by net assets; mutual funds
by 3 - year
average annual returns.
The tables below break down the
average household
net worth
by province and
by city, showing the true value of our
assets minus our debt.
I can, however, match MarketWatch's answer
by looking at the 2016 fiscal year totals and using a «traditional» formula of
Net Income /
Average Total
Assets:
After leaving school, either
by dropping out or graduating, people with unpaid student loan debt on
average have a lower
net worth and fewer financial
assets at the age of 30.
(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.
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.
A track record of outperforming a benchmark or
asset pricing model
by an
average of 2 % per year (
net of fees) over the life of the fund would get the attention of many investors, especially when you consider that the equity premium might only be around 5 %.
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.
They are a fixed percentage of the fund's
average net assets and capped at 1 %
by law.
ETF results ranked
by net assets; mutual funds
by 3 - year
average annual returns.
2Yields for the U.S. Treasury Money Market Portfolio represent the
average daily dividends for the seven days, annualized
by 365 days and divided
by the
net asset values per share at the end of the period.
^ 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.
A measure of the expenses, calculated as a percentage of
average net assets, associated with operating the fund that reflects reimbursement of a portion of certain fund expenses
by the fund's adviser as described in the prospectus.
As of May 31, 2011, fixed income investments valued at $ 33,593,820 (0.21 % of
net assets) and $ 184,213,652 (34.67 % of
net assets) in the Fairholme Fund and Income Fund, respectively, are valued
by Management utilizing the
average bid of independent broker / dealer quotes or the
average bid of independent broker / dealer quotes and observable market
^ 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.
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 Advisor has contractually agreed to waive its management fees and / or reimburse expenses of the Fund to ensure that
Net Fund Operating Expenses for the Fund do not exceed 1.25 % of the Fund's average net assets for the investor class shares and 0.99 % for the institutional class shares, through at least 5/1/2019, and subject thereafter to annual reapproval of the agreement by the Board of Directo
Net Fund Operating Expenses for the Fund do not exceed 1.25 % of the Fund's
average net assets for the investor class shares and 0.99 % for the institutional class shares, through at least 5/1/2019, and subject thereafter to annual reapproval of the agreement by the Board of Directo
net assets for the investor class shares and 0.99 % for the institutional class shares, through at least 5/1/2019, and subject thereafter to annual reapproval of the agreement
by the Board of Directors.
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.