Periodic Adjustments of Cash Investments. To maintain and re-establish periodically a fair and proportionate ratio of cash investments by each Fund in the Service Company as compared to its then current net assets, each Fund agrees to purchase from one or more of the other Funds, or to sell one or more of the Funds, sufficient Shares or other securities to re-establish the ratio.
Appears in 41 contracts
Samples: Funds' Service Agreement (Vanguard Wellington Fund), Funds’ Service Agreement (Vanguard Explorer Fund), Funds’ Service Agreement (Vanguard Star Funds)
Periodic Adjustments of Cash Investments. To maintain and re-re- establish periodically a fair and proportionate ratio of cash investments by each Fund in the Service Company as compared to its then current net assets, each Fund agrees to purchase from one or more of the other Funds, or to sell one or more of the Funds, sufficient Shares or other securities to re-establish the ratio.
Appears in 1 contract
Samples: Funds' Service Agreement (Vanguard Tax-Managed Funds)
