Placing of Purchase and Sale Orders. The Advisor shall not deal as principal with the Fund in the purchase and sale of portfolio securities nor shall it receive any commissions or other remuneration on the purchase or sale of portfolio securities by the Fund. The Advisor is authorized and directed to place the orders for the purchase and sale of portfolio securities by the Fund and to supervise the executions thereof. With respect to such transactions, whether through a broker as agent or with a dealer as principal, the Advisor’s primary objective is to both obtain the best price and execution of each transaction. Such orders may be placed with qualified brokers and/or dealers who also provide investment information or other services to the Fund.
Appears in 2 contracts
Samples: Investment Advisory Agreement (Sentinel Group Funds Inc), Investment Advisory Agreement (Sentinel Group Funds Inc)
Placing of Purchase and Sale Orders. The Advisor shall not deal as principal with the Fund in the purchase and sale of portfolio securities nor shall it receive any commissions or other remuneration on the purchase or sale of portfolio securities by the Fund. The Advisor is authorized and directed to place the orders for the purchase and sale of portfolio securities by the Fund and to supervise the executions thereof. thereof With respect to such transactions, whether through a broker as agent or with a dealer as principal, the Advisor’s primary objective is to both obtain the best price and execution of each transaction. Such orders may be placed with qualified brokers and/or dealers who also provide investment information or other services to the Fund.
Appears in 1 contract
Samples: Investment Advisory Agreement (Sentinel Group Funds Inc)
Placing of Purchase and Sale Orders. The Advisor shall not deal as principal with the Fund Funds in the purchase and sale of portfolio securities nor shall it receive any commissions or other remuneration on the purchase or sale of portfolio securities by the FundFunds. The Advisor is authorized and directed to place the orders for the purchase and sale of portfolio securities by the Fund Funds and to supervise the executions thereof. With respect to such transactions, whether through a broker as agent or with a dealer as principal, the Advisor’s primary objective is to both obtain the best price and execution of each transaction. Such orders may be placed with qualified brokers and/or dealers who also provide investment information or other services to Funds. Management shall report to the FundDirectors of Funds at least quarterly on said allocations of order and on the brokerage commissions and/or dealer concessions involved, indicating to whom such allocations are made and the basis thereof.
Appears in 1 contract
Samples: Investment Advisory Agreement (Sentinel Group Funds Inc)