Assertion: fund's policy | /r/CapableOf | invest at least 80% of its assets
Facets:
value: since rule
type: TEMPORAL
value: in bonds
type: LOCATION
value: in eligible securities
type: OTHER
value: in the type of investment
type: OTHER
Source sentences:
text: In general, to comply with the rule, an investment company with a name that suggests that the company focuses on a particular type of investment will either have to adopt a fundamental policy to invest at least 80% of its assets in the type of investment suggested by its name or adopt a policy of notifying its shareholders at least 60 days prior to any change in its 80% investment policy.
text: For example, a fund that has a fundamental policy to invest at least 65% of its assets in equity securities generally would not be deviating from that policy if it adopted a new fundamental policy to invest at least 80% of its assets in equity securities and would not be required to obtain shareholder approval.
text: By contrast, a fund that has a fundamental policy to invest at least 65%, but not more than 75%, of its assets in equity securities would not be able to adopt a new fundamental policy to invest at least 80% of its assets in equity securities without deviating from the existing fundamental policy.
text: Therefore, a fund using the term "high-yield" in its name generally must have a policy to invest at least 80% of its assets in bonds that are below investment grade.
text: For example, a fund calling itself "The XYZ U.S. Treasury Money Market Fund" would be required to adopt a policy to invest at least 80% of its assets in U.S. Treasury securities.
text: However, a generic money market fund, i.e., a money market fund that has a name suggesting that it invests in money market instruments generally (e.g., "The XYZ Money Market Fund"), would not be required to specifically adopt a policy to invest at least 80% of its assets in eligible securities since rule 2a-7, in any event, requires the fund to invest solely in eligible securities.