07/15/2024 | Press release | Distributed by Public on 07/15/2024 14:21
ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT) | |
|
|
Management Fee1, 2
|
0.33% |
Distribution and/or Service (12b-1) Fees
|
None |
Other Expenses3
|
0.00% |
Acquired Fund Fees and Expenses3
|
0.19% |
Total Annual Fund Operating Expenses
|
0.52% |
Fee Waivers4
|
(0.19)% |
Total Annual Fund Operating Expenses After Fee Waiver
|
0.33% |
1
|
The Fund's investment advisory agreement provides that the Fund's investment adviser will pay substantially all expenses of the Fund, except for the fee payment under the Fund's Investment Advisory Agreement, payments under the Fund's Rule 12b-1 Distribution and Service Plan, brokerage expenses, acquired fund fees and expenses, taxes, interest (including borrowing costs), litigation expense and other non-routine or extraordinary expenses. Additionally, the Fund shall be responsible for its non-operating expenses and fees and expenses associated with the Fund's securities lending program, if applicable.
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2
|
Effective July 18, 2024, the Fund's investment adviser contractually reduced the Fund's unitary management fee from 0.34% to 0.33%. The Management Fee has been restated to reflect the new fee.
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3
|
Other Expenses and Acquired Fund Fees and Expenses are estimated for the current fiscal year. "Acquired Fund Fees and Expenses" ("AFFE") are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies.
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4
|
The Fund's investment adviser has contractually agreed to waive receipt of its management fees to the extent necessary to offset AFFE. The Fee Waiver Agreement will remain in place until January 31, 2026 unless terminated sooner by the Trustees.
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One Year: | Three Years: | ||
$34 | $148 |