Investment Company Act Rule 18f-1, Exemption from certain requirements of Section 18(f)(1) for registered open-end investment companies that have the right to redeem in kind

Rule 18f-1 [17 CFR 270.18f-1] provides investment companies that wish to limit redemptions in-kind with an exemption from section 18 of the Act, which would otherwise prohibit them from doing so. The fund must file Form N-18F-1 [17 CFR 274.51] to notify the the Commission that a fund has elected to limit redemptions in-kind. The Commission does not review the Form, but uses it as appropriate to monitor compliance with the Investment Company Act. The rule also requires the fund to disclose that election in either its prospectus or Statement of Additional Information. The form and the Prospectus and Statement of Additional Information is available publicly via the EDGAR system on the SEC website.

The latest form for Investment Company Act Rule 18f-1, Exemption from certain requirements of Section 18(f)(1) for registered open-end investment companies that have the right to redeem in kind expires 2029-02-28 and is listed under ICR 202509-3235-006.