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1 | Since its commencement of operations, the Fund has had sufficient assets to follow this policy. |
2 | For example, CASC eliminates all "flow through" entities (such as closed-end investment companies), all foreign issues (unless those issuers are listed only on a U.S. exchange), companies that have had an initial public offering within the past six months, and companies whose stocks are trading below one dollar per share. |
3 | Emphasis added. |
4 | See, e.g., Kidder Peabody Investment Trust (May 14, 1993), Dreyfus Index Fund (March 31, 1992), and IBM Mutual Funds, Inc. (May 18, 1990). |
5 | We note, though, that the likelihood of such motive having any impact is remote in light of the relatively large market capitalization and daily trading volume of Parent compared to its extremely small potential position within the Index. |
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