American Funds Money Clause Samples
The "American Funds Money" clause defines how investments or assets held in American Funds accounts are to be managed or treated under the agreement. Typically, this clause specifies the procedures for handling contributions, withdrawals, or transfers involving American Funds, and may outline the responsibilities of the parties in relation to these accounts. Its core function is to ensure clear guidelines for the administration and movement of funds within American Funds, thereby reducing confusion and potential disputes regarding these financial assets.
American Funds Money. Market Fund l e e l e e l l l l l l l l Share class is available e Share class is available for exchanges only na Share class is not available Telephone 800/▇▇▇-▇▇▇▇, ext. 8 Form Of Bank/Trust Company Selling Group Agreement Ladies and Gentlemen: We have entered into a principal underwriting agreement with each Fund in The American Funds Group (Funds) under which we are appointed exclusive agent for the sale of shares. You have indicated that you wish to act as agent for your customers in connection with the purchase, sale and redemption of shares of the Funds as are qualified for sale in your state. We agree to honor your request, subject to the terms set forth below. In addition, we are the distributor of CollegeAmerica (Program), a college savings program as described in Section 529 of the Internal Revenue Code.
American Funds Money. Market Fund l e e l e e l l l l l l l l Share class is available e Share class is available for exchanges only na Share class is not available ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Telephone 800/▇▇▇-▇▇▇▇, ext. 8 Form Of Class F Share Participation Agreement Ladies and Gentlemen: We have entered into a principal underwriting agreement with each Fund in The American Funds Group (Funds) under which we are appointed exclusive agent for the sale of Class F-1 shares and Class F-2 shares of the Funds (together Shares or Class F shares). You have represented that you maintain a fee-based program(s) or you place trades for your representatives, your affiliates, or third-party broker-dealers that maintain fee-based programs (Program or Programs) under which your or their clients (Clients) may purchase shares of participating open-end investment companies at net asset value. We are willing to make available to you Shares of the Funds as are qualified for sale in your state for purchase by Clients through the Program(s) identified on Schedule A, subject to the terms and conditions below and the Fund Prospectuses.
American Funds Money. Market Fund l e e l e e l l l l l l l Cash Management Trust of America c c/e c/e c c/e c/e c c c c c c c Tax-Exempt Money Fund of America c na na na na na na na na na na na na U.S. Treasury Money Fund of America c na na na na na na c c c c c c l Share class is available c Fund closed to new investors e Share class is available for exchanges only na Share class is not available ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Telephone 800/▇▇▇-▇▇▇▇, ext. 4 April 2009 To Our Dealer Friends, As you may know, shares of our newest fund in the American Funds family, American Funds Money Market Fund, will be available for sale to the public beginning May 1, 2009. The fund’s investment objective is to provide income while preserving capital and maintaining liquidity. The fund seeks to preserve the value of an investment at $1.00 per share. With the introduction of the new fund, The Cash Management Trust of America will not allow establishment of new accounts, effective May 1, 2009. The purpose of this notice is to amend your Class F Share Participation Agreement (the “Agreement”) with American Funds Distributors, Inc. to reflect these and certain other changes. In consideration of the foregoing, the Agreement is amended as follows effective May 1, 2009:
1. The following provisions are added to the Agreement: · If you offer American Funds Money Market Fund, you acknowledge and agree that we may discontinue making payments of 12b-1 fees in respect of American Funds Money Market Fund if the fund’s investment adviser determines, in its sole discretion, that the yield on the fund’s portfolio securities does not support such payments. We currently intend to make these payments under this Agreement. · Each party to this Agreement agrees to comply with all applicable laws, including applicable state privacy laws. · We reserve the right not to pay any compensation more than six (6) months in arrears in respect of accounts and/or assets that were not timely identified as eligible for compensation pursuant to this Agreement.
2. The list of funds on Schedule A to the Agreement is replaced in its entirety with the following list: AMCAP Fund Investment Company of America American Balanced Fund Intermediate Bond Fund of America American Funds Money Market Fund International Growth and Income Fund American High-Income Municipal Bond Fund Limited Term Tax-Exempt Bond Fund of America American High-Income Trust New Economy Fund American Mutual Fund New Perspective Fund Bond Fund ...
American Funds Money. Market Fund l e e l e e l l l l l l l Cash Management Trust of America c c/e c/e c c/e c/e c c c c c c c Tax-Exempt Money Fund of America c na na na na na na na na na na na na U.S. Treasury Money Fund of America c na na na na na na c c c c c c
American Funds Money. Market Fund l e e l e e l l l l l l l
American Funds Money. Market Fund l e e l e e l l l l l l l l Share class is available e Share class is available for exchanges only na Share class is not available ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Telephone 800/▇▇▇-▇▇▇▇, ext. 4 November 2010 Ladies and Gentlemen, As you may know, shares of two new funds in the American Funds family, American Funds Mortgage Fund and American Funds Tax-Exempt Fund of New York, will be available for sale to the public beginning December 1, 2010. American Funds Mortgage Fund is designed to provide current income and capital preservation by investing primarily in mortgage-related securities that are sponsored or guaranteed by the U.S. government. American Funds Tax-Exempt Fund of New York is designed to provide current income exempt from regular federal, New York State and New York City income taxes by investing in securities that are exempt from such taxes. The fund’s secondary objective is preservation of capital. As you may also be aware, Class C shares of American Funds automatically convert to Class F-1 shares during the month of the 10th anniversary of their purchase date. American Funds introduced Class C shares in March 2001, so these conversions will start in March 2011. Note that Class 529-C shares do not convert. Because Class F-1 shares are intended for fee-based advisory accounts, Class C shares that convert to Class F-1 shares are deemed to be “hold only” unless the assets transfer to an advisory program. Class F-1 “hold only” shares can be exchanged between funds, but no new purchases are permitted. These shares are eligible for an ongoing service fee of 0.25%. Your current Bank/Trust Company Selling Group Agreement (the “Agreement”) with American Funds Distributors contemplates the provision of shareholder services to your clients. We are adding language to the Agreement to enumerate certain services which may be provided by you in consideration of the service fees paid under the Agreement. The language is not intended to require you to provide these specific services to your clients. The purpose of this notice is to amend your Agreement to reflect these changes. In consideration of the foregoing, the Agreement is amended as follows:
1. The following paragraph is added to the Agreement: On Class F-1 shares of the Funds that were converted from Class C shares of the Funds or that were transferred to you and not held in a fee-based program, we will pay you ongoing compensation on a quarterly basis at the annual rate...
American Funds Money. Market Fund l e e l e e l l l l l l l l Share class is available e Share class is available for exchanges only na Share class is not available American Funds Distributors, Inc. ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Telephone 800/▇▇▇-▇▇▇▇, ext. 4 July 2009 Dear Sir or Ma’am, As you may know, shareholders of The Cash Management Trust of America and The U.S. Treasury Money Fund of America have approved merging those funds into American Funds Money Market Fund. The merger will occur on July 10, 2009. In addition, shareholders of The Tax-Exempt Money Fund of America approved conversion of that fund into the new American Funds Short-Term Tax-Exempt Bond Fund. On August 7, 2009, shares in the Tax-Exempt Money Fund of America will be converted on a 10-to-1 basis into shares of the bond fund. For American Funds Short-Term Tax-Exempt Bond Fund, the 12b-1 service fee will be 0.25% on Class F-1 shares. The purpose of this notice is to amend your Bank/Trust Company Participation Agreement for Class F Shares (the “Agreement”) with American Funds Distributors to reflect these changes. The changes shall be effective as of the dates set forth above. In consideration of the foregoing, the Agreement is amended as follows:
1. The list of funds on Schedule A to the Agreement is replaced in its entirety by the new list of funds attached hereto.
