Common use of Allowable Investments Clause in Contracts

Allowable Investments. Sub-Advisor assets should consist primarily of common stock issued by U.S. based corporations. The following instruments are allowed: o U.S. dollar denominated common stock. o American Depository Receipts (ADRs) o Convertible securities (in one of the top three ratings categories of an NRSRO) o Preferred stock o Rule 144A securities

Allowable Investments. Sub-Advisor assets should consist primarily of common stock stocks issued by U.S. based corporations. The following instruments are allowed: o U.S. dollar denominated common stock. o American Depository Receipts (ADRs) stock o Convertible securities (in one of the top three ratings categories of an a NRSRO) o Preferred stock o Rule 144A securitiessecurities o American Depository Receipts (ADRs)