Determine the "Acquired Fund Fees and Expenses" according to the following formula:
AFFE = [(F1/FY)*AI1* D1]+[(F2/FY)*AI2* D2]+[(F3/FY)*AI3* D3] + Transaction Fees + Incentive Allocations
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Average Net Assets of the Fund
Where:
AFFE = Acquired Fund fees and expenses;
F1, F2, F3, . . . = Total annual operating expense ratio for each Acquired Fund;
FY = Number of days in the relevant fiscal year.
AI1, AI2, AI3, . . = Average invested balance in each Acquired Fund;
D1, D2, D3, . . . = Number of days invested in each Acquired Fund; and
"Transaction Fees" = The total amount of sales loads, redemption fees, or other transaction fees paid by the Fund in connection with acquiring or disposing of shares in any Acquired Funds during the most recent fiscal year.
"Incentive Allocations" = Any allocation of capital from the Acquiring Fund to the adviser of the Acquired Fund (or its affiliate) based on a percentage of the Acquiring Fund's income, capital gains and/or appreciation in the Acquired Fund.