Retail Funds Clause Samples
The 'Retail Funds' clause defines the specific investment funds that are intended for sale to individual, non-professional investors, as opposed to institutional clients. This clause typically outlines the criteria a fund must meet to be classified as a retail fund, such as regulatory compliance, disclosure requirements, and investor protection standards. By clearly distinguishing retail funds from other types of investment vehicles, the clause ensures that appropriate legal and regulatory safeguards are applied, thereby protecting less sophisticated investors and ensuring compliance with applicable laws.
Retail Funds. Equity Funds Income Funds Tax-Free Income Funds Money Market Funds
Retail Funds. (a) To the extent a Fund intends to operate as a Retail Fund, you agree that, with respect to any Shares of the Retail Fund purchased, or held by or on behalf of your customers, you will (i) adopt and implement policies, procedures and internal controls reasonably designed to limit all beneficial owners of such Retail Fund Shares to natural persons (as such term is used or interpreted by the SEC or its staff), (ii) take commercially reasonable efforts to ensure that all current and future beneficial owners of such Retail Fund Shares are natural persons, and (iii) promptly redeem any such Retail Fund Shares of customers who do not qualify as natural persons.
(b) Upon our reasonable request or that of a Retail Fund or its authorized agent, you agree to provide (i) copies (or a summary) of the policies, procedures and internal controls required under Section 11(a) above, and (ii) information or certification as to the adequacy of such procedures and the effectiveness of their implementation, in such form as may be reasonably satisfactory to us and/or the Retail Fund.
(c) In the event you cannot redeem Shares as provided in Section 11(a)(iii) above, you agree to promptly notify the Retail Fund and to comply with any requests from us or the Retail Fund relating to the involuntary redemption of such Shares (including Shares held in an omnibus account).
Retail Funds. The following series of The Hartford Mutual Funds, Inc. and The Hartford Mutual Funds II, Inc., as of October 21, 2016 are subject to this Agreement: Class A and C Shares
Retail Funds. Equity Funds Balanced Fund Classic Value Fund Classic Value Fund II Core Equity Fund Financial Industries Fund Focused Equity Fund Greater China Opportunities Fund Growth Trends Fund Health Sciences Fund International Fund International Classic Value Fund Large Cap Equity Fund Large Cap Select Fund Mid Cap Equity Fund Multi Cap Growth Fund Real Estate Fund Regional Bank Fund Small Cap Fund Sovereign Investors Fund Technology Fund Technology Leaders Fund US Global Leaders Growth Fund Income Funds Bond Fund Government Income Fund High Income Fund High Yield Fund Investment Grade Bond Fund Strategic Income Fund Tax-Free Income Funds California Tax-Free Income Fund High Yield Municipal Bond Fund Massachusetts Tax-Free Income Fund Tax-Free Bond Fund Money Market Funds Money Market Fund U.S. Government Cash Reserve Fund
Retail Funds. The following funds offered by Distributor will continue to be managed to qualify as government money market funds under the Rule: U.S. Government Money Market Fund and Capital Preservation Fund. On or before October 14, 2016, the following funds offered by Distributor will be managed to qualify as Retail Funds under the Rule: Prime Money Market Fund, Tax-Free Money Market Fund, and California Tax-Free Money Market Fund. Additionally, any fund thereafter designated in such fund's then-current prospectus as a retail money market fund is hereby included as a Retail Fund.