Rules and Regulations
promulgated
under the
Investment Company Act of 1940
Rule 2a19-3 -- Certain Investment Company Directors Not Considered Interested Persons Because of Ownership of Index Fund Securities
If a director of a registered investment company ("Fund") owns shares of a registered
investment company (including the Fund) with an investment objective to replicate
the performance of one or more broad-based securities indices ("Index Fund"),
ownership of the Index Fund shares will not cause the director to be considered
an "interested person" of the Fund or of the Fund's investment adviser or principal
underwriter (as defined by section 2(a)(19)(A)(iii)
and (B)(iii) of the Act.
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