Common use of Share Class Conversion Clause in Contracts

Share Class Conversion. If, when I open and initially fund my Account, I transfer into my Account shares of mutual funds that are Program Funds, it may be necessary to convert some or all of my existing share class to the class that is available through Advisory Solutions Fund Models. I understand and agree that Xxxxxx Xxxxx may convert the class of shares transferred into another class of shares of the same Program Funds selected by Xxxxxx Xxxxx. I understand and agree that Xxxxxx Xxxxx may, at any time, convert any existing class of mutual fund shares that are Program Funds in my Account to another class of shares of the same Program Funds selected by Xxxxxx Xxxxx. I understand that all conversions could result in higher or lower fees and/or expenses than those paid under the previous share class. Taxable gains, taxable losses, redemption fees or sales charges may be assessed upon the liquidation or redemption of securities. I understand that these fees and expenses may negatively affect my investment performance.

Share Class Conversion. If, when I open and initially fund my Account, I transfer into my Account shares of mutual funds that are Program FundsInvestments, it may be necessary to convert some or all of my existing share class to the class that is available through Advisory Solutions Fund ModelsSolutions. I understand and agree that Xxxxxx Xxxxx may convert the class of shares transferred into another class of shares of the same Program Funds Investments selected by Xxxxxx Xxxxx. I understand and agree that Xxxxxx Xxxxx may, at any time, convert any existing class of mutual fund shares that are Program Funds Investments in my Account to another class of shares of the same Program Funds Investments selected by Xxxxxx Xxxxx. I understand that all conversions could result in higher or lower fees and/or expenses than those paid under the previous share class. Taxable gains, taxable losses, redemption fees or sales charges may be assessed upon the liquidation or redemption of securities. I understand that these fees and expenses may negatively affect my investment performance.