Sentences with phrase «of 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.

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.

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.

(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.

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).

(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.

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.

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 also pays the Board a fee, equal to 0.05 % of the average daily net assets held by the Principal Plus Interest 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).

(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 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.

Ultra Short Bond Fund - The Advisor has contractually agreed to waive management fees in an amount equal to an annual rate of 0.15 % of the average daily net assets for the Fund until April 30, 2019.

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 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 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.

1The Fund's investment adviser, SSGA Funds Management, Inc. is contractually obligated until May 1, 2019 to waive its management fee and / or 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, Administration, and Sub-Transfer Agency Fees, as measured on an annualized basis) exceed 0.07 % of average daily net assets on an annual basis.

^ 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.

Not exact matches

* 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 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 1.20 % of the Investor Class's average daily net assets and 0.95 % of the Institutional Class's average daily net assets for the Chautauqua Global Growth Fund, 1.20 % of the Investor Class's average daily net assets and 0.95 % of the Institutional Class's average daily net assets for the Chautauqua International Growth Fund, 1.10 % of the Investor Class's average daily net assets and 0.85 % of the Institutional Class's average daily net assets for the Baird MidCap Fund, 1.20 % of the Investor Class's average daily net assets and 0.95 % of the Institutional Class's average daily net assets for the Baird Small / Mid Cap Value Fund, and 1.25 % of the Investor Class's average daily net assets and 1.00 % of the Institutional Class's average daily net assets for the Baird SmallCap Value Fund.

The investment seeks to have the daily changes in percentage terms of the fund's net assets value per share reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts.

* 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.

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.

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

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.

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.

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.

The Board has approved a distribution and shareholder servicing fee at the rate of up to 0.50 % for Investor Class shares and 0.25 % for Institutional Class shares of the Fund's average daily net assets attributable to the relevant class.

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 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.

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.