Fund Shares definition

Fund Shares means any Securities issued by an investment company registered under the Investment Company Act of 1940.

Fund Shares means the shares or other units of beneficial interest of each Fund.

Fund Shares. (see “Shares”)

Examples of Fund Shares in a sentence

• Rule 14e-5 An exemption from Rule 14e-5 has been granted to permit any person acting as a dealer-manager of a tender offer for a component security of the Fund (1) to redeem Fund Shares in Creation Unit Aggregations from the issuer that may include a security subject to such tender offer and (2) to purchase Fund Shares during such tender offer.

• Notwithstanding anything to the contrary in the Standard Terms and Conditions of Trust, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to Section 6.02 to satisfy Unit redemptions or pursuant to Section 7.04 to pay Trust expenses, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by the Trust.

• In addition, the Trust agrees not to enter into any agreement (whether orally or in writing) under which the Trust directs or is expected to direct its brokerage transactions (or any commission, markup or other payment from such transactions) to a broker or dealer for the promotion or sale of Fund Shares or the shares of any other investment company.

• Section 6.02(d) is amended by adding the following to the end of the Section: “Notwithstanding anything to the contrary herein, if the Trustee sells, redeems or otherwise liquidates Fund Shares pursuant to this Section 6.02 to satisfy Unit redemptions, the Trustee shall do so, as nearly as practicable, on a pro rata basis among all Securities held by a Trust.

• We also are not responsible for the issuance, form, validity, enforceability or value of Fund Shares.

More Definitions of Fund Shares

Fund Shares means any Securities issued by an investment company registered under the United States Investment Company Act of 1940, as amended.

Fund Shares means shares of a Mutual Fund.

Fund Shares means shares of beneficial interest in any series of the Fund or any mutual fund advised by the Adviser or an affiliate.

Fund Shares. “Fund Shares” means shares of ownership in an Investment Company.

Fund Shares means the outstanding shares issued by a Fund.

Fund Shares means shares of an investment company registered under the Investment Company Act of 1940, as amended, or shares of an investment trust which are deposited in the Trust.

Fund Shares means the shares of an open-end management investment company registered under the Act, other than a ‘money market’ fund designed to have a constant NAV.