The prorated assessment is made on a daily basis and is reflected in the net asset value of each investment pool.
|Account Balance||Administrative Fee|
Please note: Accounts that are reduced to a zero balance through a grant recommendation(s) within the first six months from account inception will be assessed an administrative fee of $500 prior to awarding the final grant.
Investment returns are net of expenses of the underlying mutual funds. Annualized expense ratios as of the last quarter are as follows:
|Pool Name||Expense Ratio|
|Balanced Index Pool||0.27%|
|Moderate Growth Pool||0.59%|
|Gift Preservation Pool||0.35%|
|Global Equity Pool||0.58%|
|Diversified Income Pool||0.57%|
|Total Equity Market Index Pool||0.30%|
|International Equity Index Pool||0.45%|
|International Equity Pool||0.90%|