Mutual Fund Securities definition

Mutual Fund Securities means shares issued by U.S. registered open-end funds other than Baron Funds or money market funds.
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Mutual Fund Securities means shares issued by U.S. registered open-
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Mutual Fund Securities means Asset-Backed Securities that entitle the holders thereof to receive payments that primarily depend (except for rights or other assets designed to assure the servicing or timely distribution of proceeds to holders of the Asset-Backed Securities) on the cash flow from certain payments accruing under the distribution plans and distribution agreements relating to shares of mutual funds. Mutual Fund Fee Securities generally have the following characteristics: (i) flows consist primarily of sales charges which are payable periodically based on the net asset value of the related mutual fund and contingent deferred sales charges that are paid only upon the redemption of shares in such funds; (ii) returns on the securitized receivables will vary as the net asset values of the related mutual funds fluctuate due to a variety of factors, including performance of the equity markets, the fixed income markets, international markets, and other markets in which such funds invest; (iii) returns on such receivables are also sensitive to the rate and timing of shareholder redemptions due to the fact that contingent deferred sales charges are based upon the lower of net asset value at the time of purchase or at the time of redemption; and (iv) in the case of U.S. mutual funds, continuance of the flows from the securitized receivables is contingent on annual approval of the charges by the directors of the fund, including a majority of the directors that are unaffiliated with the fund.
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Examples of Mutual Fund Securities in a sentence

  • All Mutual Fund Securities as defined in Appendix I, and closed end funds (other than any fund for which PIMCO serves as the investment advisor or sub-advisor), and rights distributed to shareholders in closed end funds or Mutual Fund Securities.

  • In the case of First Eagle Securities and other Mutual Fund Securities, preclearance is required only if the proposed transaction would otherwise violate Section 3B.

  • Transactions in First Eagle and other Mutual Fund Securities shall not be exempted under this Section 4.A(ii).

  • Transactions in First Eagle and other Mutual Fund Securities shall not be exempted under this Section 4.A(vi).

  • Finally, the Chief Compliance Officer shall review reported Mutual Fund Securities Transactions (other than First Eagle Securities, the reviews for which are described in the preceding sentence) to determine whether market timing or other inappropriate short-term trading with respect to the relevant mutual fund has occurred.

  • In the case of First Eagle and other Mutual Fund Securities, only Securities Transactions that would otherwise violate Section 3B require preclearance.

  • Purchases or sales of a specific Covered Security (other than First Eagle or other Mutual Fund Securities, as to which the provisions of the following two sentences apply) may receive the prior approval of the Investment Compliance Committee because the Committee has determined that no abuse is involved and that such purchases and sales would be very unlikely to have any economic impact on an Account or the Funds or on the Account’s or the Fund’s ability to purchase or sell such Covered Securities.

  • Under the PIMCO Code, there are certain minimum holding periods for Fixed Income Securities, Designated Securities, Related Securities, and Mutual Fund Securities.

  • All investments in Mutual Fund Securities must be held for a minimum of three months.

  • Transactions in Mutual Fund Securities do not require quarterly reporting.


More Definitions of Mutual Fund Securities

Mutual Fund Securities means Asset-Backed Securities that entitle the holders thereof to receive payments that depend (except for rights or other assets designed to assure the servicing or timely distribution of proceeds to holders of the Asset-Backed Securities) on the cash flow from a pool of brokerage fees and costs relating to various mutual funds, generally having the following characteristics: (1) the brokerage arrangements have standardized payment terms and require minimum payments; (2) the brokerage fees and costs arise out of numerous mutual funds and accordingly represent a very diversified pool of credit risk; and (3) the collection of brokerage fees and costs can vary substantially from the contractual payment schedule (if any), with collection depending on numerous factors specific to the particular mutual funds, interest rates and general economic matters.
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Mutual Fund Securities means Asset-Backed Securities that entitle the holders thereof to receive payments that depend (except for rights or other assets designed to assure the servicing or timely distribution of proceeds to holders of the Asset-Backed Securities) on the cash flow from a pool of brokerage fees and costs relating to various mutual funds, generally having the following characteristics:
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Mutual Fund Securities means Structured Finance Securities that entitle the holders thereof to receive payments that depend (except for rights or other assets designed to assure the servicing or timely distribution of proceeds to holders of the Structured Finance Securities) on the cash flow from mutual funds.
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Related to Mutual Fund Securities

  • Index Securities means the securities included in the 10 Uncommon Values Index from time to time.

  • Liquid Securities means securities that are publicly traded on the New York Stock Exchange, the American Stock Exchange or the Nasdaq Stock Market and as to which the Company or any Restricted Subsidiary is not subject to any restrictions on sale or transfer (including any volume restrictions under Rule 144 under the Securities Act or any other restrictions imposed by the Securities Act) or as to which a registration statement under the Securities Act covering the resale thereof is in effect for as long as the securities are held; provided that securities meeting the foregoing requirements shall be treated as Liquid Securities from the date of receipt thereof until and only until the earlier of (a) the date on which such securities are sold or exchanged for cash or Cash Equivalents and (b) 180 days following the date of receipt of such securities. If such securities are not sold or exchanged for cash or Cash Equivalents within 180 days of receipt thereof, for purposes of determining whether the transaction pursuant to which the Company or a Restricted Subsidiary received the securities was in compliance with Section 4.11, such securities shall be deemed not to have been Liquid Securities at any time.

  • Qualified Securities means securities of a reporting issuer that carry the right to participate in voting on the appointment or removal of the reporting issuer’s auditor;

  • Mutual Funds means (i) all open-end mutual funds; and (ii) similar pooled investment vehicles established in non-U.S. jurisdictions, such as registered investment trusts in Japan. For purposes of the Code, Mutual Fund does not include shares of open-end money market mutual funds (unless otherwise advised by Compliance).

  • Portfolio Securities or "investments" of the Series shall mean, respectively, such assets, net assets, securities, portfolio securities or investments which are from time to time under the management of the Subadviser pursuant to this Agreement.

  • Investment Securities means any of the following:

  • Specified Securities means ‘equity shares’ and ‘convertible securities’ as defined under clause (zj) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009;

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • Exempt Securities has the meaning set forth in Section 4.4(d).

  • investment dealer means a person or company registered in the category of investment dealer;

  • ETP Securities means the Series of ETP Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.

  • non-redeemable investment fund means an issuer,

  • Mutual Fund or “Fund” or “UTIMF” means UTI Mutual Fund, a Trust under the Indian Trust Act, 1882 registered with SEBI under registration number MF/048/03/01 dated January 14, 2003.

  • Escrowed Securities means the direct, noncallable obligations of the United States of America, as described in the Escrow Agreement.

  • BofA Securities means BofA Securities, Inc.

  • Securities as used herein does not include (i) securities of issuers that are affiliated with the Buyer or are part of the Buyer's Family of Investment Companies, (ii) securities issued or guaranteed by the U.S. or any instrumentality thereof, (iii) bank deposit notes and certificates of deposit, (iv) loan participations, (v) repurchase agreements, (vi) securities owned but subject to a repurchase agreement and (vii) currency, interest rate and commodity swaps.

  • Agency Securities means negotiable debt obligations which are fully guaranteed as to both principal and interest by the Federal National Mortgage Association, the Government National Mortgage Association or the Federal Home Loan Mortgage Corporation, but excluding (i) interest only and principal only securities and (ii) Collateralized Mortgage Obligations, Real Estate Mortgage Investment Conduits and similar derivative securities.

  • Lock-Up Securities shall have the meaning set forth in Section 4.1.

  • Asset-Backed Securities means securities which:

  • Fixed Income Securities means Debt Securities created and issued by, inter alia, Central Government, State Government, Local Authorities, Municipal Corporations, PSUs, Public Companies, Private Companies, Bodies Corporate, Unincorporated SPVs and any other entities which may be recognized / permitted which yield a fixed or variable rate by way of interest, premium, discount or a combination of any of them.

  • Money market mutual fund means an open-end managed investment fund:

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Derivative Securities means any securities or rights convertible into, or exercisable or exchangeable for (in each case, directly or indirectly), Common Stock, including options and warrants.

  • Purchaser Securities means the Purchaser Shares, Purchaser Rights, Purchaser Units, Purchaser Warrants, collectively.