The
higher a fund's portfolio turnover rate in a year, the greater the
trading costs
payable by the fund in the year, and the greater the chance of an investor receiving taxable gains in the year.
The number of units awarded is equal to the amount
payable with respect to a quarter divided by the average over the last ten
trading days of the quarter of the average of the
high and low
trading price for shares of the Company common stock on each day in the ten - day period.