Pre-Effective Amendment to Registration Statement of an Open-End Management Investment Company — Form N-1A
Filing Table of Contents
Document/Exhibit Description Pages Size
1: N-1A/A Pre-Effective Amendment to Registration Statement 66± 288K
of an Open-End Management Investment
Company
2: EX-99.A(III) Written Instrument Fixing 1 8K
3: EX-99.A(IV) Written Instrument Establishing 2± 12K
4: EX-99.B(I) Amendment to Bylaws 1 8K
5: EX-99.D Advisory Agreement 6± 26K
6: EX-99.D(I) Expense Waiver and Reimbursement Agreement 2± 10K
7: EX-99.E Distribution Agreement 7± 30K
8: EX-99.G Custody Agreement 27± 90K
9: EX-99.H(I) Admistration Agreement 8± 31K
10: EX-99.H(II) Transfer Agent Servicing Agreement 8± 31K
11: EX-99.H(III) Fund Accounting 8± 32K
12: EX-99.H(IV) Shareholder Services Agreement 4± 19K
13: EX-99.H(V) Fullfilment Agreement 4± 16K
14: EX-99.I Opinion and Consent of Counsel 1 11K
15: EX-99.L Agreement Relating to Initial Capital 1 8K
16: EX-99.M Rule 12B-1 Plan 8± 35K
17: EX-99.N Rule 18F-3 Plan 3± 14K
18: EX-99.P Code of Ethics 16± 56K
EX-99.N — Rule 18F-3 Plan
ALLIED ASSET ADVISORS FUNDS
MULTIPLE CLASS PLAN
Adopted May 4, 2000
This Multiple Class Plan ("Plan") is adopted by ALLIED ASSET ADVISORS
FUNDS (the "Trust"), a Delaware Business Trust with respect to the classes of
shares ("Classes") of the portfolio of the Trust (the "Fund") set forth on
Exhibit A hereto.
1. PURPOSE
This Plan is adopted pursuant to Rule 18f-3 under the Investment Company Act of
1940 (the "1940 Act"), as amended (the "Rule"), so as to allow the Trust to
issue more than one class of shares of the Fund ("Classes") in reliance on the
Rule and to make allocated expenses and payments as contemplated herein.
2. SEPARATE ARRANGEMENTS/CLASS DIFFERENCES
A) DESIGNATION OF CLASSES: The Fund set forth on Exhibit A offers two
classes of shares: K Class and M Class.
B) SALES LOAD AND EXPENSES: The Fund's M Class is subject to a Rule 12b-1
fee and a shareholder servicing fee. The Fund's K Class is not subject to a Rule
12b-1 fee or a shareholder servicing fee.
C) DISTRIBUTION OF SHARES: K Class shares are offered primarily to trusts,
fiduciaries and individuals who purchase shares directly through the Fund.
M Class shares are sold primarily to individuals who purchase shares
through broker/dealers.
D) VOTING RIGHTS: Shareholders of each Class are entitled to one vote for
each share held on the record date for any action requiring a vote by the
shareholders and a proportionate fractional vote for each fractional vote held.
Shareholders of the Trust will vote together as a single class; provided,
however, that (a) as to any matter with respect to which a separate vote of one
or more series or classes thereof is permitted or required by the 1940 Act or
the provisions of the instrument establishing and designating the series of
class, such requirements as to a separate vote by such series or class thereof
shall apply in lieu of all shares of all series and classes thereof voting
together; and (b) as to any matter which affects only the interests of one or
more particular series or classes thereof, only the shareholders of the one or
more affected series or classes shall be entitled to vote, and each such series
or class shall vote as a separate series or class.
3. EXPENSE ALLOCATIONS
Each class of shares will represent interests in the same portfolio of
investments of the Fund, and be identical in all respects to each other class,
except as set forth below. The only differences among the various classes of
shares of the Fund will relate solely to: (a) different distribution fee
payments associated with the Rule 12b-1 Plan for class M shares and any other
costs relating to implementing or amending such Rule 12b-1 Plan (including
obtaining shareholder approval of such 12b-1 Plan or any amendment thereto),
which will be borne solely by shareholders of such class; (b) different service
fees; (c) different shareholder servicing fees; (d) different class expenses,
which will be limited to the following expenses determined by the Trust's Board
of Trustees to be attributable to a specific class of shares: (i) printing and
postage expenses related to preparing and distributing materials such as
shareholder reports, prospectuses, and proxy statements to current shareholder
of a specific class; (ii) Securities and Exchange Commission registration fees
incurred by a specific class; (iii) litigation or other legal expenses relating
to a specific class; and (iv) accounting expenses relating to a specific class;
(e) the voting rights related to the Rule 12b-1 Plan for class M shares; (f)
exchange privileges; and (g) class names or designations. Any additional
incremental expenses not specifically identified above that are subsequently
identified and determined to be properly applied to one class of shares of the
Fund shall be so applied upon approval by a majority vote of (i) the Trust's
Board of Trustees and (ii) the members of the Board of the Trust who are not
interested persons of the Trust and have no direct or indirect financial
interest in the operation of the Trust's Plan.
Certain expenses may be attributable to the Trust, but not particularly
to the Fund or a class thereof. All such expenses will be borne by each class on
the basis of the relative aggregate net assets of the classes, except that, if
the Trust has series, expenses will first be allocated among series, based upon
their relative aggregate net assets. Expenses that are attributable to a
particular series, but not to a particular class thereof, will be borne by each
class of that series on the basis of the relative aggregate net assets of the
classes. Notwithstanding the foregoing, the principal underwriter, the
investment advisor or other provider of services to the Trust may waive or
reimburse the expenses of a specific class or classes to the extent permitted
under Rule 18f-3 under the 1940 Act.
4. DIVIDENDS
Dividends paid by the Fund as to each class of its shares, to the
extent any dividends are paid, will be calculated in the same manner, at the
same time, on the same day, and will be in the same amount; except that any
distribution fees, service fees, shareholder servicing fees and class expenses
allocated to a class will be borne exclusively by that class.
5. EFFECTIVENESS
This Plan shall become effective with respect to each Class to the
extent required by the Rule, after approval by a majority vote of: (i) the
Trust's Board of Trustees and (ii) the members of the Board of the Trust who are
not interested persons of the Trust and have no direct or indirect financial
interest in the operation of the Trust's Plan.
6. AMENDMENTS
All material amendments to this Plan must be approved by a majority
vote of: (i) the Trust's Board of Trustees and (ii) the members of the Board of
the Trust who are not interested persons of the Trust and have no direct
financial interest in the operation of the Trust's plan.
EXHIBIT A
to the
Multiple Class Plan
ALLIED ASSET ADVISORS FUNDS
FUND CLASSES
Dow Jones Islamic Index Fund K shares
M shares
Dates Referenced Herein
This ‘N-1A/A’ Filing | | Date | | Other Filings |
---|
| | |
Filed on: | | 5/23/00 | | None on these Dates |
| | 5/4/00 |
| List all Filings |
4 Subsequent Filings that Reference this Filing
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