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Transfer Agent

The transfer agent, which may be an affiliate of the fund’s adviser, is the entity that serves as a liaison between a fund and its investors. The transfer agent’s responsibilities typically include executing shareholder transactions, maintaining records of shareholder accounts (which reflect daily investor purchases, redemptions, and account balances), responding to shareholder inquiries, and sending account statements and other documents to shareholders. Transfer agents must register with the SEC and are regulated under the 1934 Act.