Systematic Mutual Fund Program. If I participate in the Systematic Mutual Fund Program, Xxxxxx Xxxxx will periodically purchase, sell or exchange shares of my existing eligible mutual funds held in my Account. As described in the applicable prospectus, purchases will be made at the public offering price and sales or exchanges executed at the net asset value. These transactions will be executed automatically on a monthly, quarterly, semi-annual or annual basis, as I may choose and at the dollar amount I specify for such transactions.
Systematic Mutual Fund Program. If I participate in the Systematic Mutual Fund Program, Xxxxxx Xxxxx will periodically purchase, sell or exchange shares of eligible mutual funds selected by my Financial Advisor and held in my Account. As described in the applicable prospectus, purchases will be made at the public offering price and sales or exchanges executed at the net asset value. These transactions will be executed automatically on a monthly, quarterly, semiannual or annual basis, as determined by my Financial Advisor, and at the dollar amount specified by my Financial Advisor for such transactions. The eligible mutual funds selected by my Financial Advisor may change from time to time.
Systematic Mutual Fund Program. With this feature, I may direct Xxxxxx Xxxxx to periodically purchase shares of eligible mutual funds or to sell shares of an eligible mutual fund held in my account. Purchases under this program will be made at the public offering price calculated as described in the applicable prospectus, and sales will be executed at the net asset value as described in the applicable prospectus. I may also direct Xxxxxx Xxxxx to periodically exchange shares of an eligible mutual fund for shares of a different eligible and affiliated mutual fund. The price of the shares of both mutual funds in such an exchange will be the net asset value of each fund, as described in the applicable prospectuses. These transactions will be executed automatically on a monthly, quarterly, semiannual or annual basis, as I may choose. I may specify either a dollar amount or share amount for such transactions. Funds to pay for purchases under this program must be in my account on the day designated by me as the trade date. If a designated trade date falls on a weekend or holiday, the transaction will be effected on the preceding business day. If sufficient funds are not in my account on the trade date, Xxxxxx Xxxxx will monitor my account for five business days and will execute the transaction if funds become available in my account during this five business day period. Minimum purchase amounts may be required as provided in the applicable prospectus.
