Proprietary fund

Proprietary Fund

A mutual fund sponsored and managed by a certain financial institution. For example, all funds managed by Bank XYZ are considered Bank XYZ's proprietary funds. While some financial institutions offer other institutions funds along with their own, many only sell their own proprietary funds to investors.

Proprietary fund.

Proprietary mutual funds are offered for sale by the financial institution -- such as a bank, investment company, or brokerage firm -- that sponsors the funds.

Characteristically, the funds' names include the name of the institution. For example, a hypothetical bank called Last Bank might offer a Last Bank Growth Fund or a Last Bank Capital Appreciation Fund.

Some institutions market only their proprietary funds, while others offer both their own funds and funds sponsored by others.

References in periodicals archive ?
20, Accounting and Financial Reporting for Proprietary Funds and Other Governmental Entities That Use Proprietary Fund Accounting, provides interim guidance on business-type accounting and financial reporting for proprietary funds and governmental entities that use proprietary fund accounting.
The format of the proprietary fund statement of activities, known as the statement of revenues, expenses, and changes in net assets, highlights the extent to which an enterprise fund has been successful at meeting its cost-recovery target.
Vohra was Director of Research at Mount Yale Capital Group where he focused on alternative investments, including managing proprietary fund of funds, investment consulting and product development.
They do this through portfolios comprised of ETFs, mutual funds and proprietary fund of funds managed by some of the premier talent in the industry.
GASB standards currently require an entity to present a combined statement of revenues, expenditures and changes in fund balances for all government fund types and a combined statement of revenues, expenses and changes in retained earnings for proprietary fund types.
361x Capital is a Denver-based SEC-registered investment advisor that is dedicated to protecting capital in down markets and generating attractive returns in up markets through portfolios comprised of exchange-traded funds and proprietary fund of funds managed by some of the premier talent in the industry.
The ED would have classified this new "permanent fund" type as a proprietary fund for fund reporting purposes, but would have included the balances and activities of any such funds within the "governmental activities" category for entity-wide reporting purposes.
The non-discretionary advisory business that is the focus of this complaint was never part of Ivy's core proprietary fund of hedge funds business, and is no longer in operation.
Three Hundred Mutual Funds from 35 Fund Companies Are Available with No Proprietary Fund Requirements
PBHAX) is part of the JennisonDryden mutual fund family, the proprietary fund family of Prudential Financial Inc.
In April, the GASB issued a proposed statement on Accounting and Financial Reporting for Proprietary Funds and Other Governmental Entities That Use Proprietary Fund Accounting.
s proprietary fund family, HighMark Funds, received five Lipper Fund Awards and was recognized as a top performer in its class.