UNDERLYING FUNDS. The term “Underlying Fund” refers to each of the Funds in which the Top-Tier Funds may invest and listed on Annex II, as it may be amended from time to time. Each “Underlying Fund” invests its assets in individual portfolio securities in accordance with specified investment objectives, policies and restrictions.
Appears in 17 contracts
Samples: Special Servicing Agreement (Institutional Fiduciary Trust), Special Servicing Agreement (Templeton Global Opportunities Trust), Special Servicing Agreement (Franklin Managed Trust)
