RSP clone fund definition

RSP clone fund means a mutual fund that has adopted fundamental investment objectives to link its performance to the performance of another mutual fund whose securities constitute foreign property for registered plans and to ensure that the securities of the mutual fund will not constitute foreign property under the ITA;
Sample 1Sample 2Sample 3
RSP clone fund means a top fund that has adopted fundamental investment objectives to link its performance to the performance of a specified bottom fund whose securities constitute foreign property for registered plans by using specified derivatives to ensure that the securities of the top fund will not constitute foreign property under the ITA;”;
Sample 1Sample 2
RSP clone fund means a mutual fund that has adopted fundamental investment objectives to link its performance to the performance of another mutual fund whose securities constitute foreign property for registered plans and to ensure that the
Sample 1

Examples of RSP clone fund in a sentence

  • This chapter may be known and cited as the "Idaho Land Remediation Act." [39-7201, added 1996, ch.

  • However, a bottom fund or a RSP clone fund must disclose in its simplified prospectus the risks associated with a possible massive redemption due to a top fund holding more than 10% of the securities of that fund.

  • Proposed section 2.5(1)(c) of NI 81-102 requires that the bottom fund or the RSP clone fund in which the top fund invests be qualified for distribution under a simplified prospectus in the local jurisdictions in which the top fund is qualified for distribution.

  • Exemption from the fees otherwise due under subsection 14(1) of Schedule 1 of the Regulation to the Securities Act on a distribution of units made by an underlying fund (i) issued for hedging purposes to a special purpose trust under an RSP 'clone' fund structure and (ii) on the reinvestment of distributions on such units.

  • We agree that the following are appropriate exceptions: the bottom fund “the other mutual fund” may hold no more than 10% of its net assets in certain other mutual funds, may be an RSP clone fund, may purchase or hold securities of a money market fund or that are index participation units.

Related to RSP clone fund

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Infrastructure fund means the renewable fuel infrastructure fund created in section 159A.16.

  • Asset Management Company/UTI AMC/AMC/Investment Manager means the UTI Asset Management Company Limited incorporated under the Companies Act, 1956, (1 of 1956) [replaced by The Companies Act, 2013 (No.18 of 2013)] and approved as such by Securities and Exchange Board of India (SEBI) under sub-regulation (2) of Regulation 21 to act as the Investment Manager to the schemes of UTI Mutual Fund.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Private Fund means an issuer that would be an investment company as defined in section 3 of the Investment Company Act of 1940 but for Section 3(c)(1) or 3(c)(7) of that Act.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Payment Fund has the meaning set forth in Section 2.02(a).

  • Program fund means the program fund created under Section 53B-8a-107,

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Distribution Company means a distribution company as defined in Section 1 of Chapter 164 of the Massachusetts General Laws.3

  • Virginia venture capital account means an investment fund that has been certified by the