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What is the Forum?
The Mutual Fund Directors Forum is an independent, nonprofit membership organization for investment company independent directors dedicated to improving mutual fund governance by promoting the development of concerned and well-informed independent directors. Through continuing education and other services, the Forum provides its members with opportunities to share ideas, experiences, and information concerning critical issues facing investment company independent directors today, and also serves as a vehicle through which members may interact with other directors, other industry participants, and members and staff of regulators including the Securities and Exchange Commission.
What services does the Forum provide?
Through its annual Major Issues Policy Conference, Regional Seminars, website and other activities, the Forum provides mutual fund independent directors with the tools and information necessary to stay abreast of current topics and issues. The Forum’s programs and services are designed to enhance the ability of investment company independent directors to discharge their fiduciary obligations.
Who can join?
Membership in the Forum is limited to the independent directors of U.S. registered investment companies.
Who belongs to the Forum?
Forum members currently include the independent directors of several large fund complexes as well as a number of smaller fund groups.
What does it cost to join?
The Forum’s membership dues schedule is scaled to the amount of assets of each participating group of funds under the management of a common adviser. Payment of the amounts specified in the schedule below entitles all of the independent directors in the fund group to membership in the Forum. For independent directors who serve on multiple boards of funds under common management, the Forum suggests that their dues and Forum related expenses be apportioned among the funds in the complex in a fair and reasonable manner. The Forum has received a favorable interpretive letter from the SEC staff agreeing that funds may pay the Forum related dues and expenses of their independent directors without violating Investment Company Act prohibitions against joint arrangements. Click here to read the No-Action Letter.
Annual Dues
| Amount of Assets Under Management (In Billions) by Fund/Fund Cluster |
Annual Dues |
| 0 to 2 |
$ 2,500 |
| 2 to 5 |
$ 5,000 |
| 5 to 20 |
$10,000 |
| 20 to 50 |
$20,000 |
| 50 to 75 |
$30,000 |
| 75 to 100 |
$35,000 |
| 100 or more |
$50,000 |
How do we join the Forum?
Download the application form by clicking here then complete the application and return it with payment to the Forum. If you would like more information, contact us at 202.728.0500 or at info@mfdf.com.
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