at typical 12b-1 fund growth rates for a fund to be able to achieve sufficient scale economies to offset 12b-1 fees. Finally, there is no evidence that funds with 12b-1 plans have lower deposit and redemption flow volatility, lower cash balances or higher returns. In all, the evidence demonstrates that 12b-1 plans are successful at attaining faster

Ex.(28)(m)(1) AMENDED AND RESTATED RULE 12b-1 PLAN . State Street Institutional Investment Trust . 1. The Trust.The State Street Institutional Investment Trust (the “Trust”) is an open-end management investment company registered as such under the Investment Company Act of 1940, as amended (the “1940 Act”), and organized as a series trust (each such series is …

A Rule 12b-1 plan also must be approved by a majority of the outstanding voting securities of the fund. See 17 C.F.R. § 270.12b-1(b)(1) (2000). 27 Rule 12b-1 addresses the potential conflicts of interest between a fund and its investment adviser that are created when a fund bears its own distribution expenses. An investment adviser that ...

Rule 12b-1 prohibits mutual funds from engaging, directly or indirectly, in the financing of any activity which is primarily intended to result in the sale of fund shares except pursuant to a 12b-1 plan. 8 As noted in the 12b-1 Adopting Release, this prohibition applies not only to payments that are clearly identified as distribution fees, but also

When we refer to advisers receiving 12b-1 fees or other compensation “directly or indirectly,” we are including (a) advisers that are also registered broker-dealers and receive 12b-1 fees or other compensation, (b) advisers whose affiliated broker-dealers receive 12b-1 fees or other compensation or (c) advisers whose supervised or associated persons receive 12b-1 fees or …

2015年3月20日 · Exhibit (m) Rule 12b-1 Plan . SIT MUTUAL FUNDS, INC. DISTRIBUTION PLAN (Rule 12b-1 Plan) This Distribution Plan (the “Plan”) is adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940, as amended (the “Act”), by Sit Mutual Funds, Inc. a Minnesota corporation and the issuer of the series of shares of common stock representing the open-end …

The Questionnaire for Self-Reporting Advisers and Attachment linked to the Announcement require the adviser to provide specific data concerning the 12b-1 fees the investment adviser received, either directly or indirectly, including the amount of 12b-1 fees in excess of the lowest-cost share class available and the amount of ill-gotten gains ...

1. Enhanced Descriptors and Disclosures of 12b-1 Fees. 12b-1 fees are utilized to pay for a variety of expenses, from servicing of shareholder accounts to compensation for broker-dealer firms. We urge the Commission to examine the appropriateness of each expense paid by 12b-1 fees, and to require full

A. This amended and restated Plan has been approved by the Board of Trustees of the Trust in accordance with Rule 12b-1(b)(2) of the 1940 Act. B. This Plan originally became effective on May 26, 2010, was amended on April 1, 2011, and is hereby …

(a) No Rule 12b-1 Agreement shall be entered into with respect to the Fund and no payments shall be made pursuant to any Rule 12b-1 Agreement, unless such Rule 12b-1 Agreement is in writing and the form of which has first been delivered to and approved by a vote of a majority of the Board, and of the Disinterested Trustees, cast in person at a meeting called for the …