Portfolio Connection Brokerage Account - Union Bank

earn dividends, if any, as described in the Fund’s prospectus. I
understand that access to the shares of a mutual fund purchased
or redeemed with checks may be withheld to assure that such
checks have been finally paid. Such withholding may result in
dishonor of other checks or of other debit items if monies are not
otherwise available to me.
b. Interest and Dividends. Interest and dividend payments with
respect to the assets in my Portfolio Connection Brokerage
Account will be credited to the affiliated Money Market Mutual
Fund when paid.
c. Custody. Unless you notify me otherwise, securities and other
property in, and purchased/sold for, my Portfolio Connection
Brokerage Account by the Bank will be held by the Bank pursuant
to the additional custody or safekeeping provisions herein; and
unless you notify me otherwise, securities and other property
in, and purchased/sold for, my Portfolio Connection Brokerage
Account will be held by NFS.
xiv. Core Account Investment Vehicle
UnionBanc Investment Services provides customers the opportunity
to earn income on un-invested cash in their brokerage account—
through the Bank Deposit Sweep Program* or the affiliated money
market mutual fund sweep option. The Deposit Sweep Option is
the default Core Account Investment Vehicle for most types of
UnionBanc Investment Services accounts, based on the type and
nature of the account ownership. When the option you choose for
your Core Account Investment Vehicle is the Bank Deposit Sweep
Program, cash balances (or free credit balances) are automatically
“swept” into an interest-bearing deposit account at Union Bank,
N.A. Please refer to the Bank Deposit Sweep Program disclosure
document for that product’s specific product features. For the
HighMark California Tax-Free Money Market Fund, carefully
consider the investment objectives, risks, and charges and expenses
before investing in a mutual fund. I acknowledge receipt of the
prospectus, which contains this and other important information that
was provided to me if I selected the money market mutual fund as
my Core Account Investment Vehicle. I may also obtain a prospectus
from a UnionBanc Investment Services Financial Advisor or by calling
1-800-634-1100. Please be sure to read the prospectus carefully
before investing.
a. Money Market Mutual Fund. You will promptly credit all
proceeds from all transactions, including deposits, to my Core
Account. If I have designated an affiliated Money Market
Mutual Fund within which to settle transactions within my
Portfolio Connection Brokerage Account, I acknowledge
*Bank Deposit Sweep Program funds are FDIC-insured when they have
been swept into a Union Bank deposit account and are SIPC-insured
when they have been swept into a UnionBanc Investment Services
brokerage account. Please note that FDIC and SIPC are two separate,
unrelated insurance entities and have different types of coverage. For
more information about FDIC coverage, please visit www.fdic.gov; and
for more information about SIPC coverage, please visit www.sipc.org.
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