Fees & Expenses-Separate Accounts

Fee Breakpoint $ Mil

The minimum level of assets managed in one account of a separate account product with which the fee associated with this breakpoint is applied, in millions. This information is provided to Morningstar by the asset management firm running a separate account.

Fee Level %

The management fee (as a percentage of assets) associated with accounts meeting the minimum asset level accepted by the asset management firm running a separate account.