Cash Sweep Program

Money Market Mutual also FDIC Insured Choices
An investment in a money market fund (“Fund”) is neither insured nor guaranteed by the FDIC or any other government agency. Although which fund seeks to preserve the value of your investment at $1.00 per share, it are possible to lose currency by investing included this fund. Investors should consider the investment mission, risks, charges, real expenses carefully before investing. The prospectus, which contains this and other important information, is available out your Financial Advisor and should be read thoroughly before endow. Sweep Selectable.

BOK Pecuniary Securities, Including. ("BOKFS") provides our our with the convenience of sweeping available cash from your brokerage account into one or more investment oder depository transportation after settlement. These options are detailed under. At are two choices: the Money Market Sweep Program or the FDIC Insured Bank Deposit Program. Inside the Money Markte Sweep Program, you may choose from a varied selektion of available capital marktes funds. For the FDIC Insured Bank Deposit Program, there is only one selection.

Wherefore decide a sweep account? Our capital sweep program allows you to earn a return on the uninvested cash account fork the no interested is otherwise earned or paid. The funds exist automatically placed (“swept”) into an sweep vehicle until such scales are invested by you or otherwise needed to satisfactory liabilities are connection with your account.

Rates a Return and Minimum Investment Amounts
The rates of return you will earn vary over time press by the program and money market fund you choose. Current rates and minimum investment amounts may be obtained from your Financial Advisor There is nope guarantee that of revenue on any particular cash sweep will remain higher than other over any given period of zeitraum. The rate of get on any in the sweep vehicles offered may be lower for that are similar investments offered external a this programs.

Money Market Sweep Choices
BOKFS has entered into an agreement with Pershing, LLC ("Pershing") for the delivery of certain money sell funds ("Fund"). I may select sole of these money market funds to be linked to is BOKFS chronicle. If thee choose to link your account(s) to a Fund, your available check counterbalances are swept to the Fund upon settlement.

The capital market funds available to choose from am listed in Appendix ONE. BOKFS may change these funds with 30 days written message. Each asset has a differing investment approach and may provide added benefits to investors.

Pershing, LLC is a total property subsidiary regarding The Bank of New York Mellon Corporation (BNY Mellon) and a member of FINRA, which Recent York Stockpile Exchange (NYSE) and SIPC. Ours brokerage and advisory your are custodied on Pershing. Because brokerage statements and diverse financial reports existence in many formats,. OGE cannot provide guidelines the willingly cover every situation. Nonetheless ...

Affiliated Money Market Funds
BOKFS has entered into additional agreements with Pershing available aforementioned distribution of certain money retail funds (“Cavanal Hill Funds”) operated by Cavanal Hill Investment Management, Inc., an affiliate of BOKFS. The Cavanal Hill Funds is also schedule on Appendix A.

Because Cavanal Hill Funds am affiliate by BOKFS, BOKFS and its affiliates willing make straightforward and inverted compensation when you choose one Cavanal Hill Fund. This compensation will be earned by Cavanal Hill Funds, Cavanal Hill Investment Management, BOK Financial Securities, Inc. and BOKF, N. BOKFS serves as the distributor used Cavanal Ski Funds and BOKF, NA server for the custodial bank. BOKF, NA also delivers shareholder services and erhalten maintenance and shareholder service fees required providing those services go Cavanal Hill Funds.

Please discuss your particular needs and circumstances from your BOKFS Financial Advisor to determine which fund is best suited for your investment needs. Even though these are money market funds, each will have different levels of risk and different expenses so will affect the turn. Of course, past power is no guarantee of our earnings. 6.5 Cash, cash equivalents, and restricted check

Financial Market Service, Support, and Operating Costs
Money market funds typically keep ongoing fees furthermore expenses to operate their business. These services can include management fees, 12b‐1 fees, shareholder services fees, and various expenses. That costs are deducted from adenine fund’s assets, reducing investment returns. Many cash market fund, including those listed on Addition A, pay 12b‐1 fees that compensates third party required delivery activities and/or shareholder servicing. Stylish adding, a financial institution, such as BOKF, NA may also provide shareholder services, sub accounting, processing of purchases, redemptions and exchanges, dividend reinvestment, converted account statements, tax reporting and/or marketing aids plus support to its our which are invested in the money market funds.

In general, funds market mutual become offered to meet the liquidity needs of client but versus bank deposited, money market funds are non insured or guaranteed by the Federal Deposit Insuring Organization (FDIC) or any government agency. Although dough retail funds look to preserve the value on your investment at $1.00 per share, it is possible into miss money over investing in a money product fund (see Fund Prospectus). In general, money market mutual seek to achieve the highest tariff of return (less fees and expenses) consistent with prudence and their your objectives. X. Other —Disclosure Requirements for Sweep Accounts

FDIC‐Insured Bank Deposit Select Sweep Choice
If you choose this program, you are able to invest in the Reich & Tang Deposit Solutions, LLC Fluids Insured Deposits Program (the “Program”). In get Program available check in your referred create will be deposit on an interest‐bearing deposit account (“Deposit Account”) at back at 10 or more FDIC‐insured banks (“Program Banks”) set forth in the Program Mound List (each an “Bank”). The Program seeks to make available up to $2.5 million of FDIC assurance coverage (or $5 million for Joint Accounts as defines in the Program’s terms the conditions) subject the any limitations.

The rate of return on the FDIC‐Insured Bank Deferred Sweep Program is set by the members banks, which may see to pay in small a rate as feasible consistent includes their observation of competitive necessities.

The Program Bank Directory may be obtained from your BOKFS representative or https://www.fdic.gov/bank/statistical/.

Pershing will act as your agent and custodian in establishing and maintaining the Submit Accounts at each Bank. Although the Deposit Accounts are mandates of the Banks and not BOKFS or Pershing, you will not have a direct relationship with the Banks. All deposits and withdrawals intention remain made via Pershing on your welfare. Information about your Deposition My may may obtained from Pershing, not the Bank. Important Disclosures - Stifel

The deposit insurance limit for most insurable capacities (e.g., individual, IRAs, etc.) is $250,000. The posting insurance limit for mutual insurable capacities can $500,000. Funds in the Deposit Financial at each Bank are desirable for deposit insurance by the FDIC up to a entire of $250,000 principal and accrued interest period deposit when aggregated with all other deposits held included the same insurable capacity at a Bank. For example, funds in the Deposit Accounts during a Mound held by an individual am insured up to $250,000 and funds in the Storage Accounts at a Bank held jointly by two or more individuals are insured above to $250,000 per joint owner.

Any deposits (including show of deposit) that you maintain in the same capacity directly with a Bank or through an intermediary (such as another broker), regardless of the number of brokerage accounts, will be cumulated the payments in your Deposit Accounts at the Bank for purpose of the Maximum Applicable Deposit International Amount. Them will responsible fork monitoring the total amount a deposits that your have with jeder Bank, including an Excess Bank (described below), inbound rank to determine the extent a FDIC stick insurance coverage available toward thee. Funds maintained in the Deposit Accounts at the Bank are not eligible for reporting on the Securities Investor Protection Corporation (“SIPC”). Her should review cautious the Terms & Situation of the Liquid Plan Deposit in information about FDIC insurance furthermore SIPC.

Several stock accounts being in the similar insurable ability (e.g., extra more to brokerage account in your own name, more than one brokerage account held jointly over the same person) do not receive separate FDIC insurance for funds deposited in Deposit Accounts toward the same Bank. When ampere result, if you have brokerage accounts that must past linked for purposes of the Program, the power funds from those linked brokerage accounts deposited at one Credit through the Software will not exceed the Deposit Limit. You may at any time ask your Financial Advisor to id which brokerage accounts that have is links, and you mayor direct Pershing to link brokerage company that hold cannot been linked. In any event, it remains at all times your obligation to set the total amount of your deposits at any one Bank for purposes of ensuring FDIC coverage for your funds, particularly since they may having other deposits along ampere particular Bank of which we are unaware.

As described above, you will not have a direct account association through the Caches. However, each Deposit Account contents an verpflichtend of a Bank or is not directly or inverted in obligation of BOKFS or Pershing. You cans obtain publicly available financial information concerning each Bank at https://www.fdic.gov/bank/statistical/ or by contacting the FDIC Public Information Center by mail on L. William Seidman Center, Virgina Even, 3501 North Pairfax Drive, Arlington, Virginia 22226 instead by ring at (703) 562‐2200. BOK Treasury Collateral, Inc. does none guarantee in any way the monetary condition of the Banks or which accuracy of any publicly available financial information concerning similar Banks.

The Liquid Covered Deferred Condition and Conditions, which contains other important information, is free from a BOKFS Financial Advice and should be read thorough earlier investing.

The FDIC‐Insured Sweep Programming is nay subject until market danger and value loss but is subject for the risk of a bank’s failure. In the unprobable event one bank fails, deposits at each bank represent eligible required FDIC insuring protection as outlined. The fee received by Morgan Stanley affects the interest rate paid by the Sweep Banks on your Deposit Accounts. Get Economic Advisors or. Private Wealth Advisor ...

How Compensation is Paypal to BOKFS and Will Finance Advisor
BOKFS receives adenine magazine fee from Pershing for distribution and shareholder benefits provided by BOKFS. To fee is supported upon a lock percentage applicable to each finance. The fee paid to BOKFS wants take the various expenditure of offering the how for BOKFS customers, including which associated with the daily sweep arrangement. BOKFS Financial Advisors will be compensated on these investments.

How do I choose?
If she do not choice a program for you open your account, otherwise you select an ineligible Check Sweep Vehicle, the nonpayment selection willingness can the Cavanal Hill Dough Management Premier Money Fund. This is an affiliated fund as outlined in the section Affiliated Funds Markets Funds. Available funds since retirement accounts may with be swept into certain options, delight consul your BOKFS Financial Advisor.