Pershing
FundVest® Servicing Fees
Pershing may receive servicing fees from mutual funds listed below to participate in Pershing's mutual fund no-transaction-fee program, FundVest, in lieu of clearance charges to your financial organization. Participation by your financial organization in this program is optional and your financial organization may share with Pershing in such fees. These fees may be considered revenue sharing and are a significant source of revenue for Pershing and may be a significant source of revenue for your financial organization. The funds listed below are in highest-to-lowest order for their 2008 gross dollar payments to Pershing.FundVest
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1. Assetmark Funds |
71. Pax World Funds |
141. Schroder Offshore Funds |
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2. Loomis Sayles Funds |
72. Highland Funds |
142. IMS Capital Funds |
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3. Columbia Funds |
73. Parnassus Funds |
143. Riversource Funds |
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4. Goldman Sachs Funds |
74. Buffalo Funds |
144. Evergreen Funds |
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5. Russell Funds |
75. Hodges Funds |
145. Arbitrage Funds |
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6. Third Avenue Funds |
76. Muhlenkamp Fund |
146. Madison Mosaic Funds |
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7. American Century Funds |
77. T Rowe Price Funds |
147. Waddell & Reed Funds |
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8. First Eagle Funds |
78. Kensington Funds |
148. Bjurman Funds |
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9. Marsico Funds |
79. Advisor Inner Circle Funds |
149. Sentinel Funds |
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10. Oakmark Funds |
80. FPA Funds |
150. Henssler Fund |
|
11. Eaton Vance Funds |
81. Transamerica Funds |
151. Jacob Internet Fund |
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12. UBS Funds |
82. Heartland Funds |
152. Paradigm Funds |
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13. Allianz Funds |
83. Rainier Funds |
153. Citizens Funds |
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14. Thornburg Funds |
84. Forward Funds |
154. Guinness Atkinson Funds |
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15. Royce Funds |
85. Oppenheimer Funds |
155. Marketocracy Funds |
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16. Baron Funds |
86. Virtus Funds |
156. Amidex Funds |
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17. Artio Funds |
87. Quantitative Funds |
157. Wright Funds |
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18. BlackRock Funds |
88. Turner Funds |
158. Skyline Funds |
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19. Matthews Funds |
89. John Hancock Funds |
159. Thomas White Funds |
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20. Pioneer Funds |
90. PMC Funds |
160. Legg Mason/Western Asset Offshore |
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21. Permanent Funds |
91. Nationwide Funds |
161. Becker Fund |
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22. American Funds |
92. Merger Fund |
162. Roosevelt Fund |
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23. Dreyfus Funds |
93. Marshall Funds |
163. Rockland Funds |
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24. Putnam Funds |
94. Prudential Funds |
164. Oak Value Fund |
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25. DWS Funds |
95. William Blair Funds |
165. Leaders Fund |
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26. Principal Funds |
96. Sit Funds |
166. Allegiant Funds |
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27. AIM Funds |
97. CRM Funds |
167. Adelante Funds |
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28. JP Morgan Funds |
98. Fiduciary Family of Funds |
168. Empiric Funds |
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29. Wells Fargo Advantage Funds |
99. Old Mutual Funds |
169. Wall Street Fund |
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30. Federated Funds |
100. Hennessy Funds |
170. Kelmoore Funds |
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31. Keeley Funds |
101. Credit Suisse Warburg Pincus |
171. Queens Road Funds |
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32. Metropolitan Funds |
102. Tamarack Funds |
172. World Funds |
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33. U.S. Global Investors |
103. Domini Social Funds |
173. Burnham Funds |
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34. Nuveen Funds |
104. First American Funds |
174. BNY Hamilton Funds |
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35. Brandywine Funds |
105. TA Idex Funds |
175. ND Holdings Funds |
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36. Mainstay Funds |
106. Glenmede Funds |
176. Sparx Funds |
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37. Harbor Funds |
107. FundX Funds |
177. AFBA Funds |
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38. Guardian Funds |
108. Yacktman Funds |
178. MTB Funds |
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39. Profunds |
109. Wells S&P Funds |
179. Dunham Funds |
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40. Prudent Funds |
110. Alpha/Beta Funds |
180. Seligman Funds |
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41. Managers Funds |
111. Franklin Tempelton Offshore |
181. Munder Funds |
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42. Gabelli Funds |
112. Gateway Funds |
182. Schroder Funds |
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43. Eagle Funds |
113. Forum Funds |
183. Wilmington Funds |
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44. Victory Funds |
114. Hotchkis & Wiley Funds |
184. James Funds |
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45. USAA Funds |
115. Quaker Funds |
185. Sterling Capital Funds |
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46. Icon funds |
116. Chase Funds |
186. Atlantic Whitehall Funds |
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47. Ariel Funds |
117. Nicholas Funds |
187. AdvisorOne Funds |
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48. SSGA Funds |
118. FAM Funds |
188. Sparrow Funds |
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49. Excelsior Funds |
119. Perritt Funds |
189. American Independence Funds |
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50. TCW Funds |
120. Century Funds |
190. Seascape Funds |
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51. Touchstone Funds |
121. Wilshire Funds |
191. API Funds |
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52. Rydex Funds |
122. USA Mutual Funds |
192. Summit Funds |
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53. Wasatch Funds |
123. Highmark Funds |
193. BB&T Funds |
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54. Selected Funds |
124. Navellier Funds |
194. Snow Funds |
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55. Westcore Funds |
125. Winslow Green Funds |
195. Legg Mason Partners Funds |
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56. Cohen & Steers Funds |
126. MFS Meridian Offshore Funds |
196. Piedmont Fund |
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57. Calamos Funds |
127. Legg Mason/Western Asset |
197. Embarcadero Funds |
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58. Value Line Funds |
128. Brazos Funds |
198. Stephens Funds |
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59. FBR Funds |
129. Ameristock Funds |
199. Midas Funds |
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60. Northern Funds |
130. North Track Funds |
200. Putnam Offshore Funds |
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61. Jensen Portfolio |
131. Van Eck Funds |
201. Davis Offshore Funds |
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62. American Beacon Funds |
132. Aberdeen Funds |
202. Satuit Funds |
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63. Aston Funds |
133. Baird Funds |
203. Lifetime Achievement Fund |
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64. Alger Funds |
134. Firsthand Funds |
204. Greenwich Advisor Funds |
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65. Clipper Funds |
135. Japan Fund |
205. Rising Dividend Funds |
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66. Lazard Funds |
136. Needham Funds |
206. New Century Portfolio |
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67. Amana Funds |
137. Epoch Funds |
207. Markman Funds |
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68. Calvart Funds |
138. Laudus Rosenberg Funds |
208. PMFM Funds |
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69. Natixis Funds |
139. 1st Source Monogram Funds |
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70. Manning & Napier Funds |
140. Direxion Funds |
Networking and Omnibus Processing Fees
Pershing receives operational reimbursements from mutual funds in the form of networking or omnibus processing fees. These reimbursements are based either on a flat fee per holding or a percentage of assets and are remitted to Pershing for its work on behalf of the funds. This work may include, but is not limited to, subaccounting services, dividend calculation and posting, accounting, reconciliation, client confirmation and statement preparation and mailing, and tax statement preparation and mailing. These fees represent a significant source of revenue for Pershing. The funds listed below are in highest-to-lowest order for their 2008 gross dollar payments to Pershing.
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1. American Funds |
114. Metropolitan Funds |
227. Satuit Funds |
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2. Oppenheimer Funds |
115. Morgan Stanley Funds |
228. Amidex Funds |
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3. Franklin Templeton Funds |
116. Highmark Funds |
229. Presidio Fund |
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4. Fidelity Funds |
117. Permal Offshore Funds |
230. Appleseed Fund |
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5. Aim Funds |
118. Berwyn Funds |
231. Eaton Vance Offshore Funds |
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6. Van Kampen Funds |
119. Matthews Funds |
232. Investic Offshore Funds |
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7. MFS Funds |
120. Timothy Plan Funds |
233. Alger Offshore Funds |
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8. Putnam Funds |
121. Jackson Perspective Funds |
234. Matrix Advisors Fund |
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9. Hartford Funds |
122. Delafield Fund |
235. IMS Capital Funds |
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10. Alliance Funds |
123. Hotchkis & Wiley Funds |
236. Snow Funds |
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11. Goldman Sachs Funds |
124. Oak Funds |
237. Camco Funds |
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12. Allianz Funds |
125. Artio Funds |
238. Kalmer Fund |
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13. Federated Funds |
126. Olstein Funds |
239. Croft Funds |
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14. Columbia Funds |
127. Direxion Funds |
240. Credit Suisse Offshore Funds |
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15. BlackRock Funds |
128. Winslow Green Funds |
241. BHR Funds |
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16. Eaton Vance Funds |
129. James Funds |
242. Actinver Offshore Funds |
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17. Davis Funds |
130. Torray Funds |
243. Sparx Funds |
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18. Janus Funds |
131. Masters Select Funds |
244. E*Trade Funds |
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19. Thornburg Funds |
132. Greenspring Funds |
245. Empiric Funds |
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20. Waddell & Reed Funds |
133. Legg Mason Funds |
246. Reynolds Funds |
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21. Dreyfus Funds |
134. Advisors Inner Circle Funds |
247. Lateef Funds |
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22. Calamos Funds |
135. Credit Suisse Warburg Pincus |
248. HSBC Invetor Funds |
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23. Principal Funds |
136. Skandia Offshore Funds |
249. IVA Funds |
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24. DWS Funds |
137. Wintergreen Funds |
250. Yacktman Funds |
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25. First Eagle Funds |
138. Perritt Funds |
251. Catalyst Funds |
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26. Natixis Funds |
139. Arrow Funds |
252. Nakoma Funds |
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27. John Hancock Funds |
140. American Performance Funds |
253. Yield Quest Funds |
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28. Royce Funds |
141. Causeway Funds |
254. Chase Funds |
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29. ING Pilgrim Funds |
142. Elfun Funds |
255. Investic Offshore Funds |
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30. Lord Abbett Funds |
143. Morgan Stanley Offshore |
256. Palantir Funds |
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31. Prudential Funds |
144. Nicholas Funds |
257. Moetta Funds |
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32. Pioneer Funds |
145. FundX Funds |
258. Commonwealth Funds |
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33. Russell Funds |
146. Adelante Funds |
259. Parvast Offshore Funds |
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34. JP Morgan Funds |
147. Jensen Portfolio |
260. Davis Offshore Funds |
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35. Delaware Funds |
148. Aquila Funds |
261. American Independence Funds |
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36. Harbor Funds |
149. World Funds |
262. Baird Funds |
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37. Mainstay Funds |
150. Ave Maria Funds |
263. Viking Funds |
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38. Calvert Funds |
151. Guinness Atkinson Funds |
264. Wireless Fund |
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39. TA Idex Funds |
152. Lifetime Achievement Fund |
265. Merger Fund |
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40. Evergreen Funds |
153. TFS Funds |
266. Sterling Capital Funds |
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41. Munder Funds |
154. MMA Praxis Funds |
267. Stewart Capital Funds |
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42. Virtus Funds |
155. Fifth Third Funds |
268. PMFM Funds |
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43. Alger Funds |
156. AXA Enterprise Funds |
269. BNY Mellon Offshore Funds |
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44. Artisan Funds |
157. Thomas White Funds |
270. EII Realty Funds |
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45. Rydex Funds |
158. Kelmoore Funds |
271. Aberdeen Offshore Funds |
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46. Guardian Funds |
159. Baron Funds |
272. Stephens Funds |
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47. Selected Funds |
160. Trenstar Funds |
273. Manor Funds |
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48. Internet/Kinetics Funds |
161. ISI Funds |
274. Miller Converter Funds |
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49. Kensington Funds |
162. Rising Dividend Funds |
275. Sparrow Funds |
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50. Sentinel Funds |
163. Schroder Funds |
276. Anchor Funds |
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51. Nuveen Funds |
164. Nunham Funds |
277. Seascape Funds |
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52. Seligman Funds |
165. Queens Road Funds |
278. American Trust Funds |
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53. Eagle Funds |
166. Domini Social Funds |
279. Sheperd Funds |
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54. Touchstone Funds |
167. AFBA Funds |
280. Gateshore Offshore Funds |
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55. Franklin Templeton Offshore |
168. Wasatch Funds |
281. BlackRock Offshore Funds |
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56. Profunds |
169. Dylan Offshore FS |
282. Becker Fund |
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57. Highland Funds |
170. Portfolio 21 Funds |
283. Greenwhich Advisor Funds |
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58. MFS Meridian Offshore Funds |
171. Wilshire Funds |
284. Dean Funds |
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59. Managers Funds |
172. U.S. Global Investors |
285. JP Morgan Funds |
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60. FPA Funds |
173. American Growth Funds |
286. Markman Funds |
|
61. American Century Funds |
174. Tamarack Funds |
287. Brandes Funds |
|
62. Security Benefit Funds |
175. 1st Source Monogram Funds |
288. Prospector Funds |
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63. Wells Fargo Advantage Funds |
176. Aston Funds |
289. Keystone Funds |
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64. First American Funds |
177. Oppenheimer Offshore Funds |
290. Advantage Advisors Fund |
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65. Van Eck Funds |
178. Epoch Funds |
291. PIC Funds |
|
66. Clipper Funds |
179. First Investors Funds |
292. Stockcar Funds |
|
67. Old Mutual Funds |
180. Payden & Rygel Funds |
293. RBB Funds |
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68. Quantitative Funds |
181. California Investment Funds |
294. Pennsylvania Avenue Fund |
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69. Pacific Life Funds |
182. Cullen Funds |
295. Gaming & Casino Fund |
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70. Primecap Odyssey Funds |
183. Thompson Plumb Funds |
296. Citizens Funds |
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71. Neuberger & Berman Funds |
184. Bogle Funds |
297. BlackRock Bats Funds |
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72. William Blair Funds |
185. U.S. Global Investors |
298. Conestoga Funds |
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73. Legg Mason Partners Funds |
186. USA Mutual Funds |
299. Summit Funds |
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74. Schwab Funds |
187. Chesapeake Funds |
300. Smartgrowth Funds |
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75. Laudus Rosenberg Funds |
188. Wilmington Funds |
301. New Century Portfolio |
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76. GE Funds |
189. Driehaus Funds |
302. CNI Charter Funds |
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77. Riversource Funds |
190. Parnassus Funds |
303. Leeb Focus Fund |
|
78. TIAA-CREF Funds |
191. Dreman Funds |
304. AMN Funds |
|
79. Members Funds |
192. Leaders Fund |
305. Eden Offshore Fund |
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80. Quaker Funds |
193. Japan Fund |
306. Rivernorth Funds |
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81. Amana Funds |
194. Westcore Funds |
307. Cornercap Funds |
|
82. Lazard Funds |
195. Embarcadero Funds |
308. EAS Genesis Funds |
|
83. Leuthold Funds |
196. FAM Funds |
309. Forester Value Fund |
|
84. Legg Mason/Wesern Asset |
197. Popular Funds |
310. Listed Private Equity Fund |
|
85. Wells S&P Funds |
198. Eaton Vance Offshore Funds |
311. American National Funds |
|
86. Heartland Funds |
199. NC Shareholder Services |
312. Volumetric Fund |
|
87. CRM Funds |
200. LKCM Funds |
313. Piedmont Fund |
|
88. Tweedy Browne Funds |
201. Perkins Funds |
314. Optique Funds |
|
89. Gabelli Funds |
202. Navellier Funds |
315. CRA Funds |
|
90. Diamond Hill Funds |
203. Century Funds |
316. Auer Growth Fund |
|
91. Henderson Global Funds |
204. Putnam Offshore Funds |
317. Roge Funds |
|
92. Nationwide Funds |
205. Midas Funds |
318. Frantzen Funds |
|
93. Forward Funds |
206. Holland Funds |
319. Stonebridge Funds |
|
94. Morgan Stanley Dean Witter |
207. Ralph Parks Funds |
320. Top Flight Fund |
|
95. Allegiant Funds |
208. Brown Advisory Funds |
321. Iron Strategic Funds |
|
96. Third Avenue Funds |
209. Paradigm Funds |
322. Sheperd Street Funds |
|
97. Brandywine Funds |
210. DWS Offshore Funds |
323. Catalyst OPTI-Flex Funds |
|
98. Weitz Funds |
211. AdvisorOne Funds |
324. Hansberger Funds |
|
99. Loomis Sayles Fund |
212. Buffalo Funds |
325. CNL Funds |
|
100. Soundshore Fund |
213. Janus Offshore Funds |
326. Skyhawk Funds |
|
101. UBS Funds |
214. Osterweis Funds |
327. Centurion Funds |
|
102. Fidelity Offshore Funds |
215. North Country Funds |
328. Zacks Funds |
|
103. Schroder Offshore Funds |
216. Boyar Fund |
329. Symons Funds |
|
104. Pax World Funds |
217. BNY Hamilton Funds |
330. Utopia Funds |
|
105. Aberdeen Funds |
218. Sound Mind Investing Funds |
331. Fort Pitt Funds |
|
106. Fiduciary Family of Funds |
219. Performance Funds |
332. RAM Funds |
|
107. Forum Funds |
220. Ascentia Funds |
333. Cookson Peirce Funds |
|
108. Manning & Napier Funds |
221. Seligman Offshore Funds |
334. Penn Street Funds |
|
109. Icon Funds |
222. Transamerica Funds |
335. Huntington Funds |
|
110. TCW Galileo Funds |
223. PIA Funds |
336. Veracity Funds |
|
111. SEI Funds |
224. Turner Funds |
337. Epiphany Funds |
|
112. PMC Funds |
225. Hancock Horizon Funds |
338. Autopilot Funds |
|
113. API Funds |
226. Henssler Fund |