Elfun Funds Eligibility Requirements and Estate Planning

Elfun Funds Eligibility Requirements
and Estate Planning Considerations
GE Investment Distributors, Inc.
SEC Registered Broker-Dealer, Member FINRA & SIPC
C/O U.S. Bancorp Fund Services, LLC
P.O. Box 701, Milwaukee, WI 53201-0701
800-242-0134
Estate planning for your Elfun Funds may not be as easy as you may think. The Elfun Funds are “employees’ securities companies,” a
granted by the Securities and Exchange Commission. As “employees’ securities companies,” the Elfun Funds are subject to strict
limitations on who may invest in them.
Units of any of the six Elfun Funds may be purchased or held by the following as determined at the time the account is opened:
1.
General Electric (GE) employees;
2.
GE Retirees;
3.
GE Board members;
4.
GE or its subsidiaries;
5.
Surviving un-remarried spouses of GE employees, GE retirees, and GE Board members;
6.
Immediate family members of GE employees, GE retirees, or GE Board members, including immediate family members of unitholders
who are former GE employees or GE Board members;
7.
8.
9.
lineal descendants of GE employees, GE retirees, or GE Board members; and
“employees’ securities companies” within the meaning of section 2(a)(13) of the Investment Company Act of 1940, as amended
(the “1940 Act”) or (b) violate the conditions of the Funds’ exemptive orders as issued by the SEC.
“Immediate family”
blood, step, and adoptive relationships).
“Lineal descendant”
Special Estate Planning Considerations
If you are seeking to hold Elfun Fund shares in the name of a trust, you will be asked to provide the portions of the trust and other
However, you may still be permitted to hold Elfun Funds shares in the name of a trust or other company used as an estate planning
and ineligible investors (such as nieces or nephews) are also included, it must contain a provision specifying that shares will not be
and/or immediate family members and/or other eligible investors, to the exclusion of any ineligible investors. If you are seeking to hold
Elfun Fund shares in the name of a trust under this provision, you will be asked to provide the portions of the trust and other supporting
Estate planning decisions raise complex legal and tax issues. We encourage shareholders to discuss decisions with their legal or tax
advisor before transferring Elfun Fund shares to a trust or other estate planning vehicle.
GE Investment Distributors, Inc. Member FINRA & SIPC, is a wholly owned subsidiary of
GE Asset Management Incorporated, the investment adviser of the Elfun Funds.
Updated 06/04/2015