You can set up master funds to use a special waiver processing method of Waterfall Waiver Daily or Waterfall Waiver FYTD for expenses. This type of special waiver The system requires the completion of all expense processing prior to calculating the special waterfall waver. However, unlike an assumption fee, waterfall Waterfall waivers reference user defined expense caps for each share class, as well as NAV Components that can be unique to each share class.
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