Common use of Advertisements Describing Purchase/Sale of Creation Units Clause in Contracts

Advertisements Describing Purchase/Sale of Creation Units. The Participant understands that: (i) neither the Trusts nor any Fund may be advertised or marketed as an “open-end investment company” or a “mutual fund,” (ii) all Marketing Materials will prominently disclose that the Shares are not individually redeemable, and (iii) the Prospectus and all Marketing Materials that address redemptions of Shares will prominently disclose that Shares are not individually redeemable and that the owners of Shares may acquire Shares and tender Shares for redemption to the applicable Trust in Creation Unit aggregations only.

Advertisements Describing Purchase/Sale of Creation Units. The Participant understands that: (i) neither the Trusts Trust nor any Fund may be advertised or marketed as an “open-end investment company” or a “mutual fund,” (ii) all Marketing Materials will prominently disclose that the Shares are not individually redeemable, and (iii) the Prospectus and all Marketing Materials that address redemptions of Shares will prominently disclose that Shares are not individually redeemable and that the owners of Shares may acquire Shares and tender Shares for redemption to the applicable Trust in Creation Unit aggregations only.

Advertisements Describing Purchase/Sale of Creation Units. The Participant understands that: (i) neither the Trusts Trust nor any Fund may be advertised or marketed as an “"open-end investment company” " or a “"mutual fund,” " (ii) all Marketing Materials will prominently disclose that the Shares are not individually redeemable, and (iii) the Prospectus and all Marketing Materials that address redemptions of Shares will prominently disclose that Shares are not individually redeemable and that the owners of Shares may acquire Shares and tender Shares for redemption to the applicable Trust in Creation Unit aggregations only.