Maxis Nikkei 225 fund adviser Precidian limits expenses to 0.5%

By Toni Weeks

San Diego, Nov. 22 - The board of trustees of the Maxis Nikkei 225 Index Fund recently approved an expense limitation agreement between the trust and its adviser, Precidian Funds LLC, according to a 497 filing with the Securities and Exchange Commission.

Under the agreement, the adviser has agreed to waive or reduce its fees and to assume other fund expenses so that total net operating expenses do not exceed 0.5%. The agreement went into effect July 8 and expires Dec. 30, 2012. Precidian expects the agreement to continue from fiscal year to fiscal year with the approval of the board.

Precidian is based in Bedminster, N.J.

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