For the Mutual Series Funds, what effect will amending the current commodities restriction have on those Funds?
For the Mutual Series Funds, the Board is recommending that each Mutual Series Fund’s investment restriction regarding investments in commodities be amended to match the fundamental commodities restriction currently adopted by theretail Mutual Series Funds. The Mutual Series Funds are managed in substantially the same manner as the retail Mutual Series Funds.The fundamental investment restriction regarding commodities as currently in effect for the retail Mutual Series Funds and as proposed to be adopted for each Mutual Series Fund is as follows: [The Fund may not:] Purchase or sell commodities or commodity contracts (except in conformity with regulations of the Commodities Futures Trading Commissionsuch that the Fund would not be considereda commodity pool). Securities orother instruments backed by commodities are not considered commodities or commodity contracts for purposes of this restriction. The proposed commodities restriction for the Mutual Series Funds would expressly permit s
Related Questions
- What if an advisor initiated a transfer of Series D units of PH&N funds in-kind from either PH&N or a discount broker dealer prior to November 17, 2008?
- What effect will amending the current commodities restriction have on the Funds (other than the Mutual Series Funds)?
- Which continuous series gives the most accurate prices for historical study of commodities?
