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Accumulation Trust |
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An arrangement whereby property is transferred by its owner—the settlor—with the intention that it be administered by someone else—a trustee—for another person's benefit, with the direction that the trustee gather, rather than distribute, the income of the trust and any profits made from the sale of any of the property making up the trust until the time specified in the document that created the trust. Many states have laws governing the time over which accumulations may be made. |
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Enterprise Accumulation Trust offers separate investment portfolios that serve as the underlying funding vehicles for variable annuity contracts and variable life insurance policies; shares of these portfolios are not offered directly to the public. The first of these two Enterprise subaccounts is the Enterprise Balanced Subaccount, which purchases shares of the Enterprise Accumulation Trust Balanced Portfolio and seeks long-term total return. the registered investment adviser for The Enterprise Group of Funds and Enterprise Accumulation Trust, has more than $7 billion in combined assets under management. |
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Accumulation Trust
