Purchase and Sale of Fund Shares
Overview
The Fund is exclusively accessible for purchase via variable annuity contracts and variable life insurance policies issued by participating institutions' separate accounts and selected broker houses. Individual variable annuity contract owners may not acquire or sell shares of the Fund directly.
Information on Taxes
The participating institutions and shareholders are responsible for distributing their capital gains tax when applicable or on demand. The Fund typically distributes its net investment income and net realized capital gains if executed on time, if any, to its shareholders.
If not redeem on time the client will have to pay the capital gain taxes or any other fees in advance, the the fund will not be liable for any differences in the amount paid. Accounting fees for early redemption or partial redemption from the Fund will be paid by the client in advance. Any delay in paying the fees will be subjected to financial penalty
Broker-Dealer and Other Financial Intermediary Payments
The Fund and/or its affiliates may pay brokers for the sale of Fund shares and associated services if you buy Fund shares via a broker-dealer or other financial intermediary (such an insurance company). By encouraging the broker-dealer or other intermediary and your financial expert to choose the Fund over another investment, these payments may lead to a conflict of interest. For further information, speak with a financial expert or visit the website of your financial intermediary.