Evergreen Investments announced Tuesday that beginning Dec. 1, it will begin imposing a performance fee on the Evergreen Large Cap Equity Fund. Since the fund aims to outperform its benchmark, the S&P 500 Index, the newly offered fees should match more closely to the fund's objective, Evergreen said.

The new fee will subsequently reduce the current effective management fee from 62 basis points to 30 basis points. Depending on the fund's performance in relation to the benchmark, it will range from a minimum of 15 basis points to a maximum of 45 basis points.

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