The alternative mutual funds lists – Approved, Watch and Restricted – have been updated.
Approved and Prohibited Alternative Mutual Funds
The purchase of Alternative Mutual Funds that include inverse and leveraged strategies is not permitted. To assist with what funds may be purchased, there is an Alternative Mutual Fund Available List and a Watch List which is updated quarterly and may be found on the Agent Portal à Training/Product à ESI à Mutual Fund Agreements.
- The Alternative Mutual Fund Available List is a list of approved alternative mutual funds that may be purchased (once training has been completed).
- The Watch List is the list of alternative mutual funds that the Firm is watching to determine if they may become prohibited in the future due to failing consecutive screens, (two consecutive quarters). If you recommend purchases on the list, please be aware that they may no longer be approved to purchase in the future.
- The Mutual Fund Restricted List is the list of prohibited alternative mutual funds.
If you are interested in offering alternative mutual funds to your client, additional training is required.
Training
Prior to purchasing approved alternative mutual funds, you must first complete required training in FIRE Solutions. The training may be accessed through FIRE Solutions: https://blaze.firesolutions.com/portal/login.
The cost is $12.50. Once you have completed the course, please email your completion certificate to ESITrading@NationalLife.com and this training will be added to your profile.
Questions
If you have any questions, please contact ESI at 800-344-7437.
TC120615(0421)1