CAUTION: Lexata's content was last updated in 2024 and may not reflect current securities regulatory requirements.
“permitted index” means, in relation to a mutual fund, a market index that is
(a) both
(i) administered by an organization that is not affiliated with any of the mutual fund, its manager, its portfolio adviser or its principal distributor, and
(ii) available to persons or companies other than the mutual fund, or
(b) widely recognized and used;