DISTRIBUTION AGREEMENT
XXXXXX XXXXXXX FUNDS
and
XXXXXX XXXXXXX DISTRIBUTORS INC.
AGREEMENT made as of the 28th day of July, 1997, as amended June 22, 1998, July
31, 2006 and November 1, 2007, by and among each open-end investment company, on
behalf of itself and any series or classes of shares thereof, for which Xxxxxx
Xxxxxxx Investment Advisors Inc. acts as investment manager, as listed on
Schedule A attached hereto, as may be amended from time to time (each, a "Fund"
and collectively, the "Funds"), and Xxxxxx Xxxxxxx Distributors Inc., a Delaware
corporation (the "Distributor").
W I T N E S S E T H:
WHEREAS, each Fund is registered as an open-end investment company under the
Investment Company Act of 1940, as amended (the "1940 Act"), and its shares are
registered under the Securities Act of 1933, as amended (the "1933 Act");
WHEREAS, it is in the interest of each Fund to offer its shares for sale
continuously; and
WHEREAS, each Fund and the Distributor wish to enter into an agreement with each
other with respect to the continuous offering of each Fund's transferable
shares, of $0.01 par value (the "Shares"), in order to promote the growth of
each Fund and facilitate the distribution of its Shares.
NOW, THEREFORE, the parties agree as follows:
SECTION 1. Appointment of the Distributor.
(a) Each Fund hereby appoints the Distributor as its principal
underwriter and distributor to sell Shares of the Fund to the public on the
terms set forth in this Agreement and the Fund's then current prospectus, and
the Distributor hereby accepts such appointment, subject to the terms of this
Agreement. Each Fund, during the term of this Agreement, shall sell Shares to
the Distributor upon the terms and conditions set forth herein.
(b) The Distributor agrees to purchase Shares, as principal for its own
account, from each Fund and to sell Shares as principal to investors and
securities dealers, including Xxxxxx Xxxxxxx & Co. Incorporated ("MS&Co."), an
affiliate of the Distributor, upon the terms described herein and in that Fund's
prospectus (the "Prospectus") and statement of additional information (the
"Statement of Additional Information") included in the Fund's registration
statement (the "Registration Statement") most recently filed with the Securities
and Exchange Commission (the "SEC") and effective under the 1933 Act and the
1940 Act or as the Prospectus may be otherwise amended or supplemented and filed
with the SEC pursuant to Rule 497 under the 1933 Act.
SECTION 2. Exclusive Nature of Duties. The Distributor shall be the exclusive
principal underwriter and distributor of each Fund, except that the exclusive
rights granted to the Distributor to sell the Shares shall not apply to Shares
issued by each Fund: (i) in connection with the merger or consolidation of any
other investment company or personal holding company with the Fund or the
acquisition by purchase or otherwise of all (or substantially all) the assets or
the
outstanding shares of any such company by the Fund; (ii) pursuant to
reinvestment of dividends or capital gains distributions; or (iii) pursuant to
the reinstatement privilege afforded redeeming shareholders.
SECTION 3. Purchase of Shares from each Fund.
(a) The Shares of each Fund are offered in one or more classes (each, a
"Class"), as described in each Fund's Prospectus, as amended or supplemented
from time to time.
(b) The Distributor shall have the right to buy from each Fund the
Shares of the particular class needed, but not more than the Shares needed
(except for clerical errors in transmission), to fill unconditional orders for
Shares of the applicable class placed with the Distributor by investors or
securities dealers. The price which the Distributor shall pay for the Shares so
purchased from the Fund shall be the net asset value, determined as set forth in
the Prospectus, used in determining the public offering price on which such
orders were based.
(c) The Shares are to be resold by the Distributor at the public
offering price of Shares of the applicable class as set forth in the Prospectus,
to investors or to securities dealers, including DWR, who have entered into
selected dealer agreements with the Distributor upon the terms and conditions
set forth in Section 7 hereof ("Selected Dealers").
(d) Each Fund shall have the right to suspend the sale of the Shares at
times when redemption is suspended pursuant to the conditions set forth in
Section 4(f) hereof. Each Fund shall also have the right to suspend the sale of
the Shares if trading on the New York Stock Exchange shall have been suspended,
if a banking moratorium shall have been declared by federal or New York
authorities, or if there shall have been some other extraordinary event which,
in the judgment of a Fund, makes it impracticable to sell its Shares.
(e) Each Fund, or any agent of a Fund designated in writing by the
Fund, shall be promptly advised of all purchase orders for Shares received by
the Distributor. Any order may be rejected by a Fund; provided, however, that a
Fund will not arbitrarily or without reasonable cause refuse to accept orders
for the purchase of Shares. The Distributor will confirm orders upon their
receipt, and each Fund (or its agent) upon receipt of payment therefor and
instructions will deliver share certificates for such Shares or a statement
confirming the issuance of Shares. Payment shall be made to the Fund in New York
Clearing House funds. The Distributor agrees to cause such payment and such
instructions to be delivered promptly to the Fund (or its agent).
(f) With respect to Shares sold by any Selected Dealer, the Distributor
is authorized to direct each Fund's transfer agent to receive instructions
directly from the Selected Dealer on behalf of the Distributor as to
registration of Shares in the names of investors and to confirm issuance of the
Shares to such investors. The Distributor is also authorized to instruct the
transfer agent to receive payment directly from the Selected Dealer on behalf of
the Distributor, for prompt transmittal to each Fund's custodian, of the
purchase price of the Shares. In such event the Distributor shall obtain from
the Selected Dealer and maintain a record of such registration instructions and
payments.
SECTION 4. Repurchase or Redemption of Shares.
(a) Any of the outstanding Shares of a Fund may be tendered for
redemption at any time, and each Fund agrees to redeem its Shares so tendered in
accordance with the applicable provisions set forth in its Prospectus. The price
to be paid to redeem the Shares shall be equal to
the net asset value determined as set forth in the Prospectus less any
applicable contingent deferred sales charge ("CDSC"). Upon any redemption of
Shares the Fund shall pay the total amount of the redemption price in New York
Clearing House funds in accordance with applicable provisions of the Fund's
Prospectus.
(b) The redemption by a Fund of any of its Class A Shares purchased by
or through the Distributor will not affect the applicable front-end sales charge
secured by the Distributor or any Selected Dealer in the course of the original
sale, except that if any Class A Shares are tendered for redemption within seven
business days after the date of the confirmation of the original purchase, the
right to the applicable front-end sales charge shall be forfeited by the
Distributor and the Selected Dealer which sold such Shares.
(c) The proceeds of any redemption of Shares shall be paid by each Fund
as follows: (i) any applicable CDSC shall be paid to the Distributor or to the
Selected Dealer, or, when applicable, pursuant to Financial Industry Regulatory
Authority ("FINRA") rules and regulations, retained by the Fund and (ii) the
balance shall be paid to the redeeming shareholders, in each case in accordance
with applicable provisions of its Prospectus in New York Clearing House funds.
The Distributor is authorized to direct a Fund to pay directly to the Selected
Dealer any CDSC payable by a Fund to the Distributor in respect of Shares sold
by the Selected Dealer to the redeeming shareholders.
(d) The Distributor is authorized, as agent for the Fund, to repurchase
Shares, represented by a share certificate which is delivered to any office of
the Distributor in accordance with applicable provisions set forth in each
Fund's Prospectus. The Distributor shall promptly transmit to the transfer agent
of the Fund for redemption all Shares so delivered. The Distributor shall be
responsible for the accuracy of instructions transmitted to the Fund's transfer
agent in connection with all such repurchases.
(e) The Distributor is authorized, as agent for each Fund, to
repurchase Shares held in a shareholder's account with a Fund for which no share
certificate has been issued, upon the telephonic request of the shareholders, or
at the discretion of the Distributor. The Distributor shall promptly transmit to
the transfer agent of the Fund, for redemption, all such orders for repurchase
of Shares. Payment for Shares repurchased may be made by a Fund to the
Distributor for the account of the shareholder. The Distributor shall be
responsible for the accuracy of instructions transmitted to the Fund's transfer
agent in connection with all such repurchases.
(f) Redemption of its Shares or payment by a Fund may be suspended at
times when the New York Stock Exchange is closed, when trading on said Exchange
is restricted, when an emergency exists as a result of which disposal by a Fund
of securities owned by it is not reasonably practicable or it is not reasonably
practicable for a Fund fairly to determine the value of its net assets, or
during any other period when the SEC, by order, so permits.
(g) With respect to its Shares tendered for redemption or repurchase by
any Selected Dealer on behalf of its customers, the Distributor is authorized to
instruct the transfer agent of a Fund to accept orders for redemption or
repurchase directly from the Selected Dealer on behalf of the Distributor and to
instruct the Fund to transmit payments for such redemptions and repurchases
directly to the Selected Dealer on behalf of the Distributor for the account of
the shareholder. The Distributor shall obtain from the Selected Dealer, and
shall maintain, a record of such orders. The Distributor is further authorized
to obtain from the Fund, and shall maintain, a record of payment made directly
to the Selected Dealer on behalf of the Distributor.
SECTION 5. Duties of the Fund.
(a) Each Fund shall furnish to the Distributor copies of all
information, financial statements and other papers which the Distributor may
reasonably request for use in connection with the distribution of its Shares,
including one certified copy, upon request by the Distributor, of all financial
statements prepared by the Fund and examined by independent accountants. Each
Fund shall, at the expense of the Distributor, make available to the Distributor
such number of copies of its Prospectus as the Distributor shall reasonably
request.
(b) Each Fund shall take, from time to time, but subject to the
necessary approval of its shareholders, all necessary action to fix the number
of its authorized Shares and to register Shares under the 1933 Act, to the end
that there will be available for sale such number of Shares as investors may
reasonably be expected to purchase.
(c) Each Fund shall use its best efforts to pay the filing fees for an
appropriate number of its Shares to be sold under the securities laws of such
states as the Distributor and the Fund may approve. Any qualification to sell
its Shares in a state may be withheld, terminated or withdrawn by a Fund at any
time in its discretion. As provided in Section 8(c) hereof, such filing fees
shall be paid by the Fund. The Distributor shall furnish any information and
other material relating to its affairs and activities as may be required by a
Fund in connection with the sale of its Shares in any state.
(d) Each Fund shall, at the expense of the Distributor, furnish, in
reasonable quantities upon request by the Distributor, copies of its annual and
interim reports.
SECTION 6. Duties of the Distributor.
(a) The Distributor shall sell Shares of each Fund through MS&Co. and
may sell Shares through other securities dealers and its own Financial Advisors,
and shall devote reasonable time and effort to promote sales of the Shares, but
shall not be obligated to sell any specific number of Shares. The services of
the Distributor hereunder are not exclusive and it is understood that the
Distributor may act as principal underwriter for other registered investment
companies, so long as the performance of its obligations hereunder is not
impaired thereby. It is also understood that Selected Dealers, including MS&Co.,
may also sell shares for other registered investment companies.
(b) Neither the Distributor nor any Selected Dealer shall give any
information or make any representations, other than those contained in the
Registration Statement or related Prospectus and any sales literature
specifically approved by the appropriate Fund.
(c) The Distributor agrees that it will at all times comply with all
applicable federal and state laws, rules and regulations applicable to the sale
of Shares and shall comply with all applicable rules and regulations of FINRA
and the SEC.
SECTION 7. Selected Dealers Agreements.
(a) The Distributor shall have the right to enter into selected dealer
agreements with Selected Dealers for the sale of Shares. In making agreements
with Selected Dealers, the Distributor shall act only as principal and not as
agent for a Fund. Shares sold to Selected Dealers shall be for resale by such
dealers only at the public offering price set forth in the Prospectus. With
respect to Class A Shares, in such agreement, the Distributor shall have the
right to fix the
portion of the applicable front-end sales charge which may be allocated to the
Selected Dealers.
(b) Within the United States, the Distributor shall offer and sell
Shares only to Selected Dealers that are members in good standing of FINRA.
(c) The Distributor shall adopt and follow procedures, as approved by
each Fund, for the confirmation of sales of its Shares to investors and Selected
Dealers, the collection of amounts payable by investors and Selected Dealers on
such sales, and the cancellation of unsettled transactions, as may be necessary
to comply with the requirements of FINRA, as such requirements may from time to
time exist.
SECTION 8. Payment of Expenses.
(a) Each Fund shall bear all costs and expenses of the Fund, including
fees and disbursements of legal counsel, including counsel to the
Directors/Trustees of each Fund who are not interested persons (as defined in
the 0000 Xxx) of the Fund or the Distributor, and independent accountants, in
connection with the preparation and filing of any required Registration
Statements and Prospectuses and all amendments and supplements thereto, and the
expense of preparing, printing, mailing and otherwise distributing Prospectuses
and Statements of Additional Information, annual or interim reports or proxy
materials to shareholders.
(b) The Distributor shall bear all expenses incurred by it in
connection with its duties and activities under this Agreement including the
payment to Selected Dealers of any sales commissions, service fees and other
expenses for sales of a Fund's Shares (except such expenses as are specifically
undertaken herein by a Fund) incurred or paid by Selected Dealers, including
MS&Co.. The Distributor shall bear the costs and expenses of preparing, printing
and distributing any supplementary sales literature used by the Distributor or
furnished by it for use by Selected Dealers in connection with the offering of
the Shares for sale. Any expenses of advertising incurred in connection with
such offering will also be the obligation of the Distributor. It is understood
and agreed that, so long as a Fund's Plan of Distribution pursuant to Rule 12b-1
under the 1940 Act ("Rule 12b-1 Plan") continues in effect, any expenses
incurred by the Distributor hereunder may be paid in accordance with the terms
of such Rule 12b-1 Plan.
(c) Each Fund shall pay the filing fees, and, if necessary or advisable
in connection therewith, bear the cost and expense of qualifying the Shares of
each Fund for sale in such states of the United States or other jurisdictions as
shall be selected by the Fund and the Distributor pursuant to Section 5(c)
hereof and the cost and expenses payable to each such state or other
jurisdiction for the continuing qualification of such Shares therein until the
Fund decides to discontinue offering its Shares in such state or jurisdiction,
pursuant to Section 5(c) hereof.
SECTION 9. Indemnification.
(a) Each Fund shall indemnify and hold harmless the Distributor and
each of its directors or trustees, each of its officers, and each person, if
any, who controls the Distributor, within the meaning of Section 15 of the 1933
Act, against any loss, liability, claim, damage or expense (or actions in
respect thereof) (including the reasonable cost of investigating or defending
any alleged loss, liability, claim, damage or expense and reasonable counsel
fees incurred in connection therewith) arising by reason of any person acquiring
any Shares, which may be based upon the 1933 Act, or on any other statute or at
common law, on the ground that the Registration Statement or related Prospectus
and Statement of Additional Information, as from time to time amended and
supplemented, or the annual or interim reports to shareholders of
a Fund, includes an untrue statement of a material fact or omits to state a
material fact required to be stated therein or necessary in order to make the
statements therein not misleading, unless such statement or omission was made in
reliance upon, and in conformity with, information furnished to the Fund in
connection therewith by or on behalf of the Distributor; provided, however, that
in no case (i) is the indemnity of a Fund in favor of the Distributor and any
such controlling persons to be deemed to protect the Distributor or any such
controlling persons thereof against any liability to a Fund or its security
holders to which the Distributor or any such controlling persons would otherwise
be subject by reason of willful misfeasance, bad faith or gross negligence in
the performance of its duties or by reason of reckless disregard of its
obligations and duties under this Agreement; or (ii) is a Fund to be liable
under its indemnity agreement contained in this paragraph with respect to any
claim made against the Distributor or any such controlling persons, unless the
Distributor or any such controlling persons, as the case may be, shall have
notified the Fund in writing within a reasonable time after the summons or other
first legal process giving information of the nature of the claim shall have
been served upon the Distributor or such controlling persons (or after the
Distributor or such controlling persons shall have received notice of such
service on any designated agent), but failure to notify the Fund of any such
claim shall not relieve it from any liability which it may have to the person
against whom such action is brought otherwise than on account of its indemnity
agreement contained in this paragraph. Each Fund will be entitled to participate
at its own expense in the defense, or, if it so elects, to assume the defense,
of any such suit brought to enforce any such liability, but if a Fund elects to
assume the defense, such defense shall be conducted by counsel chosen by it and
satisfactory to the Distributor or such controlling person or persons, defendant
or defendants in the suit. In the event the Fund elects to assume the defense of
any such suit and retain such counsel, the Distributor or such controlling
person or persons, defendant or defendants in the suit, shall bear the fees and
expenses of any additional counsel retained by them, but, in case the Fund does
not elect to assume the defense of any such suit, it will reimburse the
Distributor or such controlling person or persons, defendant or defendants in
the suit, for the reasonable fees and expenses of any counsel retained by them.
Each Fund shall promptly notify the Distributor of the commencement of any
litigation or proceedings against it or any of its officers or
Directors/Trustees in connection with the issuance or sale of the Shares.
(b) (i) The Distributor shall indemnify and hold harmless each Fund and
each of its Directors/Trustees and officers and each person, if any, who
controls the Fund, within the meaning of Section 15 of the 1933 Act, against any
loss, liability, claim, damage, or expense (or actions in respect thereof)
described in the indemnity contained in subsection (a) of this Section, but only
with respect to statements or omissions made in reliance upon, and in conformity
with, information furnished to a Fund in writing by or on behalf of the
Distributor for use in connection with the Registration Statement or related
Prospectus and Statement of Additional Information, as from time to time
amended, or the annual or interim reports to shareholders.
(ii) The Distributor shall indemnify and hold harmless each Fund and each Fund's
transfer agent, individually and in its capacity as the Fund's transfer agent,
from and against any claims, damages and liabilities which arise as a result of
actions taken pursuant to instructions from, or on behalf of, the Distributor
to: (1) redeem all or a part of shareholder accounts in the Fund pursuant to
Section 4(g) hereof and pay the proceeds to, or as directed by, the Distributor
for the account of each shareholder whose Shares are so redeemed; and (2)
register Shares in the names of investors, confirm the issuance thereof and
receive payment therefor pursuant to Section 3(e) hereof.
(iii) In case any action shall be brought against a Fund or any person so
indemnified by this Section 9(b) in respect of which indemnity may be sought
against the Distributor, the Distributor shall have the rights and duties given
to a Fund, and the Fund and each person so indemnified
shall have the rights and duties given to the Distributor, by the provisions of
subsection (a) of this Section 9.
(c) If the indemnification provided for in this Section 9 is
unavailable or insufficient to indemnify and hold harmless an indemnified party
under subsection (a) or (b) above in respect of any losses, claims, damages,
liabilities or expenses (or actions in respect thereof) referred to herein, then
each indemnifying party shall contribute to the amount paid or payable by such
indemnified party as a result of such losses, claims, damages, liabilities or
expenses (or actions in respect thereof) in such proportion as is appropriate to
reflect the relative benefits received by a Fund on the one hand and the
Distributor on the other from the offering of the Shares. If, however, the
allocation provided by the immediately preceding sentence is not permitted by
applicable law, then each indemnifying party shall contribute to such amount
paid or payable by such indemnified party in such proportion as is appropriate
to reflect not only such relative benefits but also the relative fault of a Fund
on the one hand and the Distributor on the other in connection with the
statements or omissions which resulted in such losses, claims, damages,
liabilities or expenses (or actions in respect thereof), as well as any other
relevant equitable considerations. The relative benefits received by a Fund on
the one hand and the Distributor on the other shall be deemed to be in the same
proportion as the total net proceeds from the offering (before deducting
expenses) received by the Fund bear to the total compensation received by the
Distributor, in each case as set forth in the Prospectus. The relative fault
shall be determined by reference to, among other things, whether the untrue or
alleged untrue statement of a material fact or the omission or alleged omission
to state a material fact relates to information supplied by a Fund or the
Distributor and the parties' relative intent, knowledge, access to information
and opportunity to correct or prevent such statement or omission. Each Fund and
the Distributor agree that it would not be just and equitable if contribution
were determined by pro rata allocation or by any other method of allocation
which does not take into account the equitable considerations referred to above.
The amount paid or payable by an indemnified party as a result of the losses,
claims, damages, liabilities or expenses (or actions in respect thereof)
referred to above shall be deemed to include any legal or other expenses
reasonably incurred by such indemnified party in connection with investigating
or defending any such claim. Notwithstanding the provisions of this subsection
(c), the Distributor shall not be required to contribute any amount in excess of
the amount by which the total price at which the Shares distributed by it to the
public were offered to the public exceeds the amount of any damages which it has
otherwise been required to pay by reason of such untrue or alleged untrue
statement or omission or alleged omission. No person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the 0000 Xxx) shall be
entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation.
SECTION 10. Duration and Termination of this Agreement.
(a) This Agreement shall remain in force until April 30, 1999, and
shall continue in force thereafter, but only so long as such continuance is
specifically approved at least annually by (i) either the Board of
Directors/Trustees of each Fund or by the vote of a majority of the outstanding
voting securities of each Fund, cast in person or by proxy, and (ii) a majority
of those Directors/Trustees who are not parties to this Agreement, or interested
persons of any such party, and who have no direct or indirect financial interest
in this Agreement or in the operation of the Fund's Rule 12b-1 Plan or in any
agreement related thereto, cast in person at a meeting called for the purpose of
voting upon such approval.
(b) This Agreement may be terminated at any time, without the payment
of any penalty, by (i) the Board of Directors/Trustees
of a Fund, (ii) a majority of the Directors/Trustees of a Fund who are not
interested persons of the Fund and who have no direct or indirect financial
interest in this Agreement, (iii) the vote of a majority of the outstanding
voting securities of each Fund, cast in person or by proxy, or (iv) the
Distributor, on sixty days' written notice to the other party. This Agreement
shall automatically terminate in the event of its assignment.
(c) The terms "vote of a majority of the outstanding voting
securities," "assignment" and "interested person," when used in this Agreement,
shall have the respective meanings specified in the 1940 Act.
SECTION 11. Amendments of this Agreement. This Agreement may be amended by the
parties only if such amendment is specifically approved by (i) either the Board
of Directors/Trustees of each Fund or by the vote of a majority of the
outstanding voting securities of each Fund, cast in person or by proxy, and (ii)
a majority of those Directors/Trustees of a Fund who are not parties to this
Agreement, or interested persons of any such party, and who have no direct or
indirect financial interest in this Agreement or in the operation of the Fund's
Rule 12b-1 Plan or in any agreement related thereto, cast in person at a meeting
called for the purpose of voting on such approval.
SECTION 12. Additional Funds. If, at any time, another Fund desires to appoint
the Distributor as its principal underwriter and distributor under this
Agreement, it shall notify the Distributor in writing. If the Distributor is
willing to serve as the Fund's principal underwriter and distributor under this
Agreement, it shall notify the Fund in writing, whereupon such other Fund shall
become a Fund hereunder.
SECTION 13. Governing Law. This Agreement shall be governed by, and its terms
and provisions construed in accordance with, the laws of the State of New York,
without reference to the conflict of laws principles thereof.
SECTION 14. Personal Liability. With respect to any Fund that is organized as an
unincorporated business trust under the laws of the Commonwealth of
Massachusetts, its Declaration of the Trust (each, a "Declaration") is on file
in the office of the Secretary of the Commonwealth of Massachusetts. Each
Declaration provides that the name of the Fund refers to the Trustees under the
Declaration collectively as Trustees, but not as individuals or personally; and
no Trustee, shareholder, officer, employee or agent of any such Fund shall be
held to any personal liability, nor shall resort be had to their private
property for the satisfaction of any obligation or claim or otherwise, in
connection with the affairs of any Fund, but the trust estate only shall be
liable.
[remainder of page intentionally left blank]
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Agreement, as amended, on November 1, 2007.
ON BEHALF OF THE FUNDS SET FORTH ON
SCHEDULE A, ATTACHED HERETO
By: /s/ Xxxxxx X. Xxxxxxx
----------------------------------------------------------
Name: Xxxxxx X. Xxxxxxx
--------------------------------------------------------
As: President and Principal Executive Officer
----------------------------------------------------------
(insert title)
of each Fund listed on, or referenced in,
Exhibit A hereto, on behalf of each such Fund
XXXXXX XXXXXXX DISTRIBUTORS INC.
By: /s/ Xxxxxxx X. Xxxxx
---------------------------------------------------------
Name: Xxxxxxx X. Xxxxx
--------------------------------------------------------
Title: President and Chief Executive Officer
--------------------------------------------------------
XXXXXX XXXXXXX FUNDS
DISTRIBUTION AGREEMENT
SCHEDULE A
(EFFECTIVE AS OF June 26, 2008)
Xxxxxx Xxxxxxx Allocator Fund
Xxxxxx Xxxxxxx Balanced Fund
Xxxxxx Xxxxxxx California Tax-Free Income Fund
Xxxxxx Xxxxxxx Capital Opportunities Trust
Xxxxxx Xxxxxxx Convertible Securities Trust
Xxxxxx Xxxxxxx Developing Growth Securities Trust
Xxxxxx Xxxxxxx Dividend Growth Securities Inc.
Xxxxxx Xxxxxxx Equally-Weighted S&P 500 Fund
Xxxxxx Xxxxxxx European Equity Fund Inc.
Xxxxxx Xxxxxxx Financial Services Trust
Xxxxxx Xxxxxxx Flexible Income Trust
Xxxxxx Xxxxxxx Focus Growth Fund
Xxxxxx Xxxxxxx Fundamental Value Fund
Xxxxxx Xxxxxxx FX Series Fund
-Xxxxxx Xxxxxxx FX Alpha Strategy Portfolio
-Xxxxxx Xxxxxxx FX Alpha Plus Strategy Portfolio
Xxxxxx Xxxxxxx Global Dividend Growth Securities
Xxxxxx Xxxxxxx Health Sciences Trust
Xxxxxx Xxxxxxx High Yield Securities Inc.
Xxxxxx Xxxxxxx Income Trust
Xxxxxx Xxxxxxx Institutional Strategies Fund
Xxxxxx Xxxxxxx International Fund
Xxxxxx Xxxxxxx International SmallCap Fund
Xxxxxx Xxxxxxx International Value Equity Fund
Xxxxxx Xxxxxxx Japan Fund
Xxxxxx Xxxxxxx Limited Duration Fund
Xxxxxx Xxxxxxx Limited Duration U.S. Government Trust
Xxxxxx Xxxxxxx Limited Term Municipal Trust
Xxxxxx Xxxxxxx Mid-Cap Value Fund
Xxxxxx Xxxxxxx Mortgage Securities Trust
Xxxxxx Xxxxxxx Multi-Asset Class Fund
Xxxxxx Xxxxxxx Nasdaq-100 Index Fund
Xxxxxx Xxxxxxx Natural Resource Development Securities Inc.
Xxxxxx Xxxxxxx New York Tax-Free Income Fund
Xxxxxx Xxxxxxx Pacific Growth Fund Inc.
Xxxxxx Xxxxxxx Real Estate Fund
Xxxxxx Xxxxxxx Series Funds
-Xxxxxx Xxxxxxx U.S. Multi-Cap Alpha Fund
-Xxxxxx Xxxxxxx Alternative Opportunities Fund
-Xxxxxx Xxxxxxx Commodities Alpha Fund
-Xxxxxx Xxxxxxx Commodities Alpha Fund (Cayman) Ltd.
-Xxxxxx Xxxxxxx Diversified Large Cap Equity Fund
-Xxxxxx Xxxxxxx Diversified International Equity Fund
Xxxxxx Xxxxxxx Small-Mid Special Value Fund
Xxxxxx Xxxxxxx Special Growth Fund
Xxxxxx Xxxxxxx Special Value Fund
Xxxxxx Xxxxxxx S&P 500 Index Fund
Xxxxxx Xxxxxxx Strategist Fund
Xxxxxx Xxxxxxx Tax-Exempt Securities Trust
Xxxxxx Xxxxxxx Technology Fund
Xxxxxx Xxxxxxx Total Market Index Fund
Xxxxxx Xxxxxxx U.S. Government Securities Trust
Xxxxxx Xxxxxxx Utilities Fund
Xxxxxx Xxxxxxx Value Fund
