3.1.4.1. Shareholder Voting Rights
As shareholders, account owners are entitled to vote on matters of material importance. A majority vote of outstanding shares is required if an investment company wishes to:
• Change its investment objectives
• Approve or change its investment adviser or manager
• Ratify its independent auditors
• Change its fee structure, including its 12b-1 fees
• Re-elect new members of the board of directors