|Quarterly Charge||Annual Charge|
|First $1,000,000 or fraction thereof||0.250%||1%|
|Next $2,000,000 or fraction thereof||0.175%||0.7%|
|Amounts greater than $3,000,000||0.125%||0.5%|
For charitable and certain tax-exempt accounts, we typically offer a discount from the standard fee structure as presented above.
The minimum account size is $500,000.
Our management fees are payable quarterly in arrears based on the assets under management computed on the market value of securities and cash (or equivalents) on the last day of the quarter. Accrued interest, accrued dividends and Corbyn managed mutual funds are excluded and will not be used in our calculations. Accounts initiated or terminated during a calendar quarter will be charged a prorated fee. You have the right to terminate your agreement without penalty within five business days after entering into the agreement.