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In this scenario, each share class still has an amount to recoup after the total fund recoupment is allocated down to each share class. Any remaining amount to recoup is taken from the share class recoupment balances.
Fund Level Waiver Recoupment Example | Investor A | bps | Investor C | bps | Institutional | bps | Total |
|---|---|---|---|---|---|---|---|
Net Assets | 500,000,000 | 300,000,000 | 700,000,000 | 1,500,000,000 | |||
Expense Cap | 10,274 | 75 | 12,329 | 150 | 9,589 | 50 | |
Gross Expenses | 9,726 | 71 | 11,836 | 144 | 9,205 | 48 | |
Amount Eligible for Recoupment | 548 | 4 | 493 | 6 | 384 | 2 | 1,425 |
Fund Level Amount Eligible for Recoupment | 822 | 2 | |||||
Prior Year Waivers Eligible for Fund Level Recoupment (Start of Day Balance) | 1,000 | ||||||
Prior Year Waivers Eligible for Fund Level Recoupment (End of Day Balance) | 178 | ||||||
Allocation Ratio | 0.333333333 | 0.200000000 | 0.466666667 | ||||
Fund Level Recoupment allocated to Class | 274 | 2 | 164 | 2 | 384 | 2 | 822 |
Remaining Class Level Recoupment calculated after Fund Level Recoupment is applied and allocated | 274 | 2 | 329 | 4 | |||
Total Recoupment posted to each Class | 548 | 4 | 493 | 6 | 384 | 2 | 1,425 |
Prior Year Waivers Eligible Class Level | 2,000 | 1,500 | 1,000 | ||||
Prior Year Waivers Eligible Class Level - After Recoupment | 1,726 | 1,171 | 1,000 |