Concentration. 4.1 Other than as specified in 4.2 below, at the time of purchase no more than 15% of Account Assets may be invested in the obligations of a single issuer.
Appears in 1 contract
Sources: Investment Management Agreement
Concentration. 4.1 Other than as specified in 4.2 below, at the time of purchase no more than 15% of Account Assets may be invested in the obligations of a single issuer.
4.2 There is no limit to the amounts that may be invested in Escrowed-to-Maturity or Pre-refunded Municipal Obligations, direct obligations of the U.S. Government or a U.S. Government Agency, and money market funds.
Appears in 1 contract
Sources: Investment Management Agreement
Concentration. 4.1 Other than as specified in 4.2 below, at the time of purchase no more than 15% of Account Assets may be invested in the obligations of a single municipal or corporate issuer.
Appears in 1 contract
Sources: Investment Management Agreement