www.ici.org

Criteria for Membership

The Investment Company Institute (ICI) is the leading association representing regulated funds globally, including mutual funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts (UITs) in the United States, and similar funds offered to investors in jurisdictions worldwide. ICI seeks to encourage adherence to high ethical standards, promote public understanding, and otherwise advance the interests of funds, their shareholders, directors, and advisers. A key part of this mission involves being a strong and effective voice on legislative and regulatory matters, both in the United States and internationally.

Membership is on the corporate level and available to any SEC-registered investment company (open-end, closed-end, and exchange-traded funds), their investment advisers and principal underwriters as well as investment managers sponsoring regulated funds offered to investors in jurisdictions worldwide. All SEC-registered investment companies under substantially common management, ownership or sponsorship are required to join ICI for the fund group to be eligible for membership. The annual dues are based on the total net assets of the registered funds under substantially common management, ownership or sponsorship. The Institute’s bylaws provide more detailed information on membership divisions and the dues scale.

The Institute provides a range of specialized services and communications to its members in the form of memoranda, statistical data, and market research. Members are encouraged to participate on the Institute’s committees and taskforces, and to attend ICI-sponsored conferences and workshops.

Membership is also available to sponsors of unit investment trusts. Specific benefits for UIT sponsor members include a seat on the Unit Investment Trust Committee and other mailings specific to unit investment trusts.

Firms not eligible for membership, such as law firms, accounting firms, consultants, and other service providers to the fund industry, may subscribe to the Institute’s memoranda and statistical reports.

For more information on membership, please contact the Institute’s Membership Department at memberservices@ici.org.