Retail management fees allow you to calculate a daily expense using a combination of a fixed individual fee rate and a variable group fee rate that uses month-to-date average net assets. Retail management fees are used for mutual fund entities only using Eagle's variable expense process.
The daily management fee uses the following formula: (((Group Fee Rate + Individual Fee Rate) * Month-to-date Average Net Assets) / 12 / Total # of business or calendar days in the month) * Month-to-date business or calendar days elapsed through current day.
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