Common use of Current Clause in Contracts

Current. PROPOSED: --------------------------------------------- -------------------------------------------- For the U.S. Government Obligations Fund: The Fund may not purchase or sell FUNDAMENTAL RESTRICTION -- COMMODITIES commodities, commodity contracts (including The Fund may not purchase or sell physical futures contracts), direct participation in commodities unless acquired as a result of oil, gas, or mineral exploration or ownership of securities or other development programs, or real estate. instruments. FUNDAMENTAL RESTRICTION -- REAL ESTATE The Fund may not purchase or sell real estate unless acquired as a result of ownership of securities or other instruments.

Appears in 2 contracts

Sources: Proxy Statement (Victory Portfolios), Proxy Statement (Victory Portfolios)