Interval Funds. Each Fund designated as an "Interval Fund" on Schedule B shall receive Services, including Services under this Section 3, in accordance with Schedule I.
Interval Funds. Distributor and Dealer desire that Dealer participate in the distribution of shares of Interval Funds (for purposes of this Appendix A, “Shares”) in accordance with the following provisions:
Interval Funds. The parties agree that Appendix A hereto shall govern the distribution of shares of Interval Funds under the Agreement. Very truly yours, LORD XXXXXX DISTRIBUTOR LLC Dealer: By: Lord, Xxxxxx & Co. LLC, its Managing Member By: By: Xxxxxxxx X. Xxxxxx Name: Member Date: (Authorized Person) Date: Address: Appendix A
Interval Funds. An interval fund is a type of investment company that periodically offers to repurchase its shares from shareholders. That is, the fund periodically offers to buy back a stated portion of its shares from shareholders. Shareholders are not required to accept these offers and sell their shares back to the fund. Mutual Funds: Mutual funds are made up of a pool of funds collected from many investors for the purpose of investing in securities such as stock, bonds, money market instruments, and similar assets. A mutual fund is operated by a money manager who invests the fund’s capital to attempt to produce capital gains and income for the fund’s investors. Structure and maintenance of a mutual fund’s portfolio is matched to the investment objectives stated in its prospectus. Mutual funds have various different share classes, each associated with different sales charges, 12b-1 fees and operating expense structures. In choosing a mutual fund’s share class, time horizon should be considered, among other criteria. Mutual Funds may be offered in either “open ended” or “closed-ended” varieties. Mutual Funds are sold by prospectus and can be subject to sales charges in the form of front-end sales loads, annual expenses (12b-1 fees) or deferred sales charges imposed upon redemption. Mutual funds typically offer volume and aggregation discounts for purchasing positions in products sponsored by one fund family. Investors can also become eligible for discounts by submitting letters of intent and agreeing to purchase a specified amount sponsored by one fund family over time. Unit Investment Trust (UIT): A unit investment trust is an investment company that offers a fixed, unmanaged portfolio, generally of stocks and bonds, as redeemable “units” to investors for a specific period of time. UITs are designed to provide capital appreciation and/or dividend income. A UIT may be either a regulated investment corporation (corporation in which the investors are joint owners) or grantor trust (grants investors proportional ownership in the UIT’s underlying securities). UITs are sold by prospectus and usually carry front-end sales charges. UITs generally offer discounts on sales charges including volume discounts for larger or aggregated purchases, and “roll discounts” for using proceeds from one UIT and rolling them into another UIT within a specified period of time.
Interval Funds. Product Minimum Fee: $25,000 per year per product for 1st CUSIP in each Product $5,000 per year for each additional CUSIP within same Product (Note: Product Minimum applies unless aggregate charges for each individual product in the affected month included in Section III exceed one-twelfth of the annual minimum.)
