Mutual Fund Only definition

Mutual Fund Only means the Participant shall limit all direction of the investments in the Custodial Account to shares issued by a domestic Regulated Investment Company. In the event the Participant does not limit all direction of investments to mutual funds only, the Custodian in the Custodian’s sole discretion and without prior consent of the Participant may convert the Custodial Account from a Mutual Fund Only SIMPLE IRA to the appropriate Custodial Account type. TO ESTABLISH A MUTUAL FUND ONLY SIMPLE IRA, BE SURE TO CHECK THE MUTUAL FUND ONLY BOX.
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Examples of Mutual Fund Only in a sentence

  • If you select a Mutual Fund Only account, you cannot commingle other investments within your Mutual Fund Only account.

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only ▇▇▇ Custodial Account in order to confirm the Participant’s compliance with Article VIII, Section 4(a), of this Agreement, which limits all direction of investments in the Mutual Fund Only ▇▇▇ to shares issued by a domestic Regulated Investment Company.

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only IRA in order to confirm the Participant’s compliance with Article VIII, section 4(a), of this Agreement, which limits investments in the Mutual Fund Only IRA to shares issued by a domestic Regulated Investment Company.

  • In the event the Participant elects a Mutual Fund Only ▇▇▇ Custodial Account and does not limit all direction of investments to mutual funds only, the Custodian in the Custodian’s sole discretion and without prior consent of the Participant may convert the Custodial Account from a Mutual Fund Only ▇▇▇ to the appropriate Custodial Account type.

  • If a Participant selects a Mutual Fund Only ▇▇▇, the Participant shall limit all direction of investments in the Custodial Account to shares issued by a domestic Regulated Investment Company.

  • However, funds in a Mutual Fund Only ▇▇▇ can be held temporarily in a cash or money market account while awaiting investment.

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only ▇▇▇ Custodial Account in order to confirm the Participant’s compliance with subsection (a) above.

  • Notwithstanding the foregoing, the Custodian may review the investments in a Mutual Fund Only ▇▇▇ in order to confirm the Participant’s compliance with Article VIII, section 4(a), of this Agreement, which limits investments in the Mutual Fund Only ▇▇▇ to shares issued by a domestic Regulated Investment Company.

  • In the event the Participant elects a Mutual Fund Only IRA and does not limit investments to mutual funds only, the Custodian in the Custodian’s sole discretion and without prior consent of the Participant may convert the Account from a Mutual Fund Only IRA to the appropriate Account type.

  • However, funds in a Mutual Fund Only IRA can be held in a cash or money market account while awaiting investment.