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Are transfers restricted for reasons other than frequent trading?

April 26, 2017frequent reasons trading transfers

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Are transfers restricted for reasons other than frequent trading?

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Yes, the contract issuers for the PLUS Fund require a 90 day restriction on Transfers Out of the PLUS Fund that go directly or indirectly into “competing funds”—investment products with similar characteristics. Examples of competing funds are as follows: • Cash Management Fund • Money Market Fund • Certificates of Deposit (CDs) • Other Stable Value Products • VantageBroker Fund transfers can be made to competing funds from non-competing funds as long as the amount does NOT include money that had come from the PLUS Fund within 90 days. There are no restrictions on Transfers into the PLUS Fund.