Voluntary Accounts

Question 1

This type of account is opened by an executor to transfer funds while the executor is
working on distributing a deceased shareholder’s assets

Answer 1

Estate

Question 2

. This type of account is opened by a single shareholder who wants to invest in mutual
funds.

Answer 2

Individual

Question 3

. This type of account is opened by a couple who want to ensure that a beneficiary will be
able to gain access to the account once they are both deceased.

Answer 3

Joint Tenant with Rights of Survivorship TOD

Question 4

This type of account is opened by a parent or other authorized individual following the gift
or transfer of assets to a minor child. This account has a custodian who acts for the minor
until the minor reaches the age of majority for the state in which the account is opened.

Answer 4

Uniform Gift to Minor/Uniform Transfer to Minor

Question 5

When there is no activity on an account for 3-5 years, BNY Mellon reaches out to locate
the owner. If no contact is made, then the assets in the account are transferred to this type
of account.

Answer 5

State Escheatment

Question 6

Voluntary account shareholders receive the Form _____________ whenever they sell
shares in their mutual fund account.

Answer 6

1099-B

Question 7

Voluntary account shareholders receive the Form ______________ each year that they
receive distributions of more than $10 from the Fund whether they are reinvested or paid out
in cash.

Answer 7

1099-DIV