WeightedAvgFeeRate

Description
Weighted Average Fee Rate

Type : Percent

Definition
This is the weighted average fee rate for all funds offered for a given product. The rate is based on actual experience for all funds available on the product. It represents a combination of mortality and expense fees applied as well as investment results. It is used for illustration purposes to simplify investment projections for the product. Regulation requires that this information is provided on a product illustration. Prior to version 2.31.00, WeightedAvgFeeRate was implemented as data type real. The type was changed to percent to allow for consistent implementation and standard usage.

Parents
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