Japan Smaller Capitalization Fund approves new management fee structure effective Dec. 31
Shareholders of Japan Smaller Capitalization Fund approved on December 15, 2022 a new Management Agreement with Nomura Asset Management U.S.A. Inc. that changes the fee structure, with the new agreement effective December 31, 2022. The filing says all other terms are substantially identical to the current agreement, so the fee schedule is the main change for shareholders.
- Management fee of 0.90% annually on average weekly net assets up to $250 million
- Management fee of 0.80% annually on average weekly net assets above $250 million
- Shareholders approved the agreement on December 15, 2022; effective date is December 31, 2022