Mutual fund payments Clause Samples
The "Mutual fund payments" clause defines the terms under which payments related to mutual fund investments are handled between parties. It typically outlines the timing, method, and conditions for distributing proceeds such as dividends, interest, or redemption amounts to investors or beneficiaries. For example, it may specify that payments are made quarterly via electronic transfer and detail how fees or taxes are deducted. The core function of this clause is to ensure transparency and predictability in the financial flows associated with mutual fund holdings, thereby reducing disputes and clarifying each party's entitlements.
Mutual fund payments. As a shareholder of a mutual fund, closed- end fund, or ETF, in addition to fees paid by Client to Introducing Firm under the Program, client will bear the proportionate shares of a fund's expenses, including the investment management fees that are paid to the fund's investment advisor.
Mutual fund payments. Nationwide offers a variety of investment options to public sector retirement plans through variable annuity contracts, trust or custodial accounts. Nationwide may receive payments from mutual funds or their affiliates in connection with hose investment options. For more detail about the payments Nationwide receives, please visit ▇▇▇.▇▇▇▇▇▇▇.▇▇▇.
Mutual fund payments. Introducing Firm or an affiliate (or persons who are or are affiliated with a substantial owner of Introducing Firm)may be the principal underwriter of some of the Eligible Funds, and some of the Eligible Funds may be advised by, or otherwise affiliated with, Introducing Firm or its agent. There is no limitation on a Financial Advisor's authority to provide information about affiliated funds.
Mutual fund payments. Introducing Firm or one or more of its affiliates (or persons who are, or are affiliated with, a substantial owner of Introducing Firm) may receive compensation from any of the FundSource Funds for the execution of purchases of fund shares or the performance of clearance, settlement, custodial, or other functions ancillary thereto (including, without limitation, recordkeeping, sub- accounting, shareholder communications, administrative, and similar services provided to a fund for the benefit of Client). Introducing Firm (or such affiliate or other person) may collect such fees directly or indirectly and may pay any such fees it receives to your Financial Advisor. The amount of fees received by Introducing Firm (or such affiliate or other person) will vary, depending on the percentage paid pursuant to the Fund's Rule 12b-1 plan, or as otherwise agreed by Introducing Firm (or such affiliate or other person) and the Fund. The fees described in this paragraph will not exceed a maximum of 0.55% per year of the value of Client FundSource assets invested in a Fund, and may include a fixed charge not to exceed