Two Yacktman funds give their adviser full discretion to waive fees

By Toni Weeks

San Diego, Jan. 31 - The Yacktman Fund and the Yacktman Focused Fund have granted authority to Yacktman Asset Management Co., the funds' investment adviser, to waive the redemption fee when in the best interests of the funds, according to a 497 filing with the Securities and Exchange Commission.

Although Yacktman has been given sole discretion to waive the fee, the Austin, Texas-based adviser said it will consult with the funds' chief compliance officer prior to authorizing a waiver.

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