Aggregate Transactions. In executing portfolio transactions for the Fund, the Subadviser may, but will not be obligated to, aggregate the securities to be sold or purchased with those of its other clients where such aggregation is not inconsistent with the policies of the Fund, to the extent permitted by applicable laws and regulations. If the Subadviser chooses to aggregate sales or purchases, it will allocate the securities as well as the expenses incurred in the transaction in the manner it considers to be the most equitable and consistent with its fiduciary obligations to the Fund and its other clients involved in the transaction. The Adviser may direct the Subadviser in writing to use a particular broker or dealer for one or more trades if, in the sole opinion of the Adviser, it is in the best interest of the Fund to do so.
Appears in 2 contracts
Sources: Investment Subadvisory Agreement (Calvert Variable Series Inc), Investment Subadvisory Agreement (Calvert Fund)