Universe. The available universe of mutual funds is as follows: (1) for the changing allocation portfolios, the available universe shall include a broad list of Fidelity Investments Series mutual funds, (2) for the static allocation portfolios, the available universe shall include a broad list of Fidelity Investments Series mutual funds, and (3) for the individual fund portfolios, the available universe shall include a broad list of Fidelity Investments retail mutual funds. For each portfolio type, the available mutual fund universe will have investment objectives and policies running across several market category and capitalization lines. In addition, to the extent that any Portfolio receives securities or other distributions from any mutual fund as result of a redemption of such fund’s shares, the Investment Manager shall have the authority to manage and/or dispose of any such securities on behalf of the Portfolios. The Investment Manager may, at its discretion, establish one or more transition accounts on behalf of the Trust to facilitate the management of any such assets.
Appears in 3 contracts
Samples: Investment Management Agreement, Investment Management Agreement, Investment Management Agreement
