Common use of ALLOCATION OF EXPENSE Clause in Contracts

ALLOCATION OF EXPENSE. Except for the services and facilities to be provided by the Manager as set forth in Section 2 above, the Fund assumes and shall pay all expenses for all other Fund operations and activities and shall reimburse the Manager for any such expenses incurred by the Manager. Unless the Prospectuses or Statement of Additional Information of the Fund provides otherwise, the expenses to be borne by the Fund shall include, without limitation: (a) all expenses of organizing the Fund; (b) the charges and expenses of (i) any registrar, stock transfer or dividend disbursing agent, shareholder servicing agent, custodian or depository appointed by the Fund for the safekeeping of its cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services, provided to the Fund (other than those utilized by the Manager in providing the services described in Section 2), (ii) any agent engaged for the purposes of conducting auctions with respect to the Fund’s taxable auction rate preferred stock, if any shall be issued, (iii) any institution serving as trustee with respect to the Fund’s Senior Extendible Notes, and (iv) fees of any stock exchange or any rating agency responsible for rating outstanding securities of the Fund; (c) the charges and expenses of bookkeeping, accounting and auditors; (d) brokerage commissions and other costs incurred in connection with transactions in the portfolio securities of the Fund, including any portion of such commissions attributable to brokerage and research services as defined in Section 28(e) of the Securities Exchange Act of 1934; (e) taxes, including issuance and transfer taxes, and registration, filing or other fees payable by the Fund to federal, state or other governmental agencies; (f) expenses, including the cost of printing certificates, relating to the issuance of shares of the Fund; (g) expenses involved in registering and maintaining registrations of the Fund and of its securities with the Securities and Exchange Commission and various states and other jurisdictions, including reimbursement of actual expenses incurred by the Manager or others in performing such functions for the Fund, and including compensation of persons who are employees of the Manager, in proportion to the relative time spent on such matters; (h) expenses of shareholders’ and trustees’ meetings, including meetings of committees, and of preparing, printing and mailing proxy statements, quarterly reports, semi-annual reports, annual reports and other communications to existing shareholders; (i) expenses of preparing and printing prospectuses and marketing materials; (j) compensation and expenses of the Fund’s trustees who are not affiliated with the Manager; (k) charges and expenses of legal counsel in connection with matters relating to the Fund, including, without limitation, legal services rendered in connection with the Fund’s trust and financial structure and relations with its shareholders, issuance of shares of the Fund and registration and qualification of shares under federal, state and other laws; (l) the cost and expense of maintaining the books and records of the Fund, including general ledger accounting; (m) insurance premiums on fidelity, errors and omissions and other coverages, including the expense of obtaining and maintaining a fidelity bond as required by Section 17(g) of the 1940 Act which may also cover the Manager; (n) expenses incurred in obtaining and maintaining any surety bond or similar coverage with respect to securities of the Fund; (o) interest payable on Fund borrowings; (p) such other non-recurring expenses of the Fund as may arise, including expenses of actions, suits or proceedings to which the Fund is a party and expenses resulting from the legal obligation which the Fund may have to provide indemnity with respect thereto; (q) expenses and fees reasonably incidental to any of the foregoing specifically identified expenses; and (r) all other expenses permitted by the Prospectuses and Statement of Additional Information of the Fund as being paid by the Fund.

ALLOCATION OF EXPENSE. Except for the services and facilities to be provided by the Manager as set forth in Section paragraph 2 above, the Fund Trust assumes and shall pay all expenses for all other Fund Trust operations and activities and shall reimburse the Manager for any such expenses incurred by the ManagerManager (it being understood that the Trust shall allocate such expenses between or among its Funds to the extent contemplated by its Agreement and Declaration of Trust). Unless the Prospectuses or Statement of Additional Information of the Fund provides otherwise, the The expenses to be borne by the Fund Trust shall include, without limitation: (a) all expenses of organizing the FundTrust or forming any Fund thereof; (b) the charges and expenses of (i) any registrar, stock share transfer or dividend disbursing agent, shareholder servicing agent, custodian custodian, administrator, fund accounting agent, or depository appointed by the Fund Trust for the safekeeping of its cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services, provided to the Fund (other than those utilized by the Manager in providing the services described in Section 2), (ii) any agent engaged for the purposes of conducting auctions with respect to the Fund’s taxable auction rate preferred stock, if any shall be issued, (iii) any institution serving as trustee with respect to the Fund’s Senior Extendible Notes, and (iv) fees of any stock exchange or any rating agency responsible for rating outstanding securities of the Fund; (c) the charges and expenses of bookkeeping, accounting and auditors; (d) brokerage commissions and other costs incurred in connection with transactions in the portfolio securities of the FundTrust, including any portion of such commissions attributable to brokerage and research services as defined in Section 28(e) of the Securities Exchange Act of 1934; (e) taxes, including issuance and transfer taxes, taxes and registration, filing or other fees payable by the Fund Trust to federal, state or other governmental agencies; (f) expenses, including the cost of printing certificates, relating to the issuance of shares of the FundTrust; (g) expenses involved in registering and maintaining registrations of the Fund Trust and of its securities shares with the Securities and Exchange Commission and various states and other jurisdictions, including reimbursement of actual expenses incurred by the Manager or others in performing such functions for the FundTrust, and including which may include compensation of persons who are employees of the Manager, in proportion to the relative time spent on such matters; (h) expenses related to the redemption of shares of the Trust, including expenses attributable to any program of periodic redemption; (i) expenses of shareholders’ ' and trustees’ Trustees' meetings, including meetings of committees, and of preparing, printing and mailing proxy statements, quarterly reports, semi-annual semiannual reports, annual reports and other communications to existing shareholders; (ij) expenses of preparing and setting in type prospectuses, and expenses of printing and mailing the same to existing shareholders (but not expenses of printing and mailing of prospectuses and marketing materialsliterature used for promotional purposes); (jk) compensation and expenses of the Fund’s trustees Trustees who are not affiliated with "interested persons" within the Managermeaning of the 1940 Act; (kl) expense of maintaining shareholder accounts and furnishing, or causing to be furnished, to each shareholder a statement of his account, including the expense of mailing; (m) charges and expenses of legal counsel in connection with matters relating to the FundTrust, including, without limitation, legal services rendered in connection with the Fund’s trust Trust's legal and financial structure and relations with its shareholders, issuance of shares of the Fund Trust, and registration and qualification of shares securities under federal, state and other laws; (ln) the cost and expense of maintaining the books and records of the FundTrust, including general ledger accounting; (mo) insurance premiums on fidelity, errors and omissions and other coverages, coverages including the expense of obtaining and maintaining a fidelity bond as required by Section 17(g) of the 1940 Act which may also cover the Manager; (n) expenses incurred in obtaining and maintaining any surety bond or similar coverage with respect to securities of the Fund; (o) interest payable on Fund borrowingsAct; (p) interest payable on Trust borrowings; and (q) such other non-recurring nonrecurring expenses of the Fund Trust as may arise, including expenses of actions, suits suits, or proceedings to which the Fund Trust is a party and expenses resulting from the legal obligation which the Fund Trust may have to provide indemnity with respect thereto; (q) expenses and fees reasonably incidental to any of the foregoing specifically identified expenses; and (r) all other expenses permitted by the Prospectuses and Statement of Additional Information of the Fund as being paid by the Fund.

ALLOCATION OF EXPENSE. Except for the services and facilities to be provided by the Manager as set forth in Section paragraph 2 above, the Fund Trust assumes and shall pay all expenses for all other Fund Trust operations and activities and shall reimburse the Manager for any such expenses incurred by the ManagerManager (it being understood that the Trust shall allocate such expenses between or among its Funds to the extent contemplated by its Master Trust Agreement). Unless the Prospectuses or Statement of Additional Information of the Fund provides otherwise, the The expenses to be borne by the Fund Trust shall include, without limitation: (a) all expenses of organizing the FundTrust or forming any Fund thereof; (b) the charges and expenses of (i) any registrar, stock transfer or dividend disbursing agent, shareholder servicing agent, custodian custodian, or depository appointed by the Fund Trust for the safekeeping of its cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services, provided to the Fund (other than those utilized by the Manager in providing the services described in Section 2), (ii) any agent engaged for the purposes of conducting auctions with respect to the Fund’s taxable auction rate preferred stock, if any shall be issued, (iii) any institution serving as trustee with respect to the Fund’s Senior Extendible Notes, and (iv) fees of any stock exchange or any rating agency responsible for rating outstanding securities of the Fund; (c) the charges and expenses of bookkeeping, accounting and auditors; (d) brokerage commissions and other costs incurred in connection with transactions in the portfolio securities of the FundTrust, including any portion of such commissions attributable to brokerage and research services as defined in Section 28(e) of the Securities Exchange Act of 1934Act; (e) taxes, including issuance and transfer taxes, and corporate registration, filing or other fees payable by the Fund Trust to federal, state or other governmental agencies; (f) expenses, including the cost of printing certificates, relating to the issuance of shares of the FundTrust; (g) expenses involved in registering and maintaining registrations of the Fund Trust and of its securities shares with the Securities and Exchange Commission and various states and other jurisdictions, including reimbursement of actual expenses incurred by the Manager or others in performing such functions for the FundTrust, and including compensation of persons who are employees of the Manager, in proportion to the relative time spent on such matters; (h) expenses related to the redemption of shares of the Trust, including expenses attributable to any program of periodic redemption; (i) expenses of shareholders’ ' and trustees’ Trustees' meetings, including meetings of committees, and of preparing, printing and mailing proxy statements, quarterly reports, semi-annual reports, annual reports and other communications to existing shareholders; (ij) expenses of preparing and setting in type prospectuses, and expenses of printing and mailing the same to existing shareholders (but not expenses of printing and mailing of prospectuses and marketing materialsliterature used for promotional purposes); (jk) compensation and expenses of the Fund’s trustees Trustees who are not affiliated with "interested persons" within the Managermeaning of the 1940 Act; (kl) expense of maintaining shareholder accounts and furnishing, or causing to be furnished, to each shareholder a statement of his account, including the expense of mailing; (m) charges and expenses of legal counsel in connection with matters relating to the FundTrust, including, without limitation, legal services rendered in connection with the Fund’s trust Trust's corporate and financial structure and relations with its shareholders, issuance of shares of the Fund Trust, and registration and qualification of shares securities under federal, state and other laws; (ln) the cost and expense of maintaining the books and records of the FundTrust, including general ledger accounting; (mo) insurance premiums on fidelity, errors and omissions and other coverages, coverages including the expense of obtaining and maintaining a fidelity bond as required by Section 17(g) of the 1940 Act which may also cover the ManagerAct; (n) expenses incurred in obtaining and maintaining any surety bond or similar coverage with respect to securities of the Fund; (op) interest payable on Fund Trust borrowings;; and (pq) such other non-recurring expenses of the Fund Trust as may arise, including expenses of actions, suits suits, or proceedings to which the Fund Trust is a party and expenses resulting from the legal obligation which the Fund Trust may have to provide indemnity with respect thereto; (q) expenses and fees reasonably incidental to any of the foregoing specifically identified expenses; and (r) all other expenses permitted by the Prospectuses and Statement of Additional Information of the Fund as being paid by the Fund.

ALLOCATION OF EXPENSE. Except for the services and facilities to be provided by the Manager as set forth in Section paragraph 2 above, the Fund Trust assumes and shall pay all expenses for all other Fund Trust operations and activities and shall reimburse the Manager for any such expenses incurred by the ManagerManager (it being understood that the Trust shall allocate such expenses between or among its Funds to the extent contemplated by its Master Trust Agreement). Unless the Prospectuses or Statement of Additional Information of the Fund provides otherwise, the The expenses to be borne by the Fund Trust shall include, without limitation: (a) all expenses of organizing the FundTrust or forming any Fund thereof; (b) the charges and expenses of (i) any registrar, stock share transfer or dividend disbursing agent, shareholder servicing agent, custodian custodian, or depository appointed by the Fund Trust for the safekeeping of its cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services, provided to the Fund (other than those utilized by the Manager in providing the services described in Section 2), (ii) any agent engaged for the purposes of conducting auctions with respect to the Fund’s taxable auction rate preferred stock, if any shall be issued, (iii) any institution serving as trustee with respect to the Fund’s Senior Extendible Notes, and (iv) fees of any stock exchange or any rating agency responsible for rating outstanding securities of the Fund; (c) the charges and expenses of bookkeeping, accounting and auditors; (d) brokerage commissions and other costs incurred in connection with transactions in the portfolio securities of the FundTrust, including any portion of such commissions attributable to brokerage and research services as defined in Section 28(e) of the Securities Exchange Act of 1934Act; (e) taxes, including issuance and transfer taxes, taxes and registration, filing or other fees payable by the Fund Trust to federal, state or other governmental agencies; (f) expenses, including the cost of printing certificates, relating to the issuance of shares of the FundTrust; (g) expenses involved in registering and maintaining registrations of the Fund Trust and of its securities shares with the Securities and Exchange Commission and various states and other jurisdictions, including reimbursement of actual expenses incurred by the Manager or others in performing such functions for the FundTrust, and including which may include compensation of persons who are employees of the Manager, in proportion to the relative time spent on such matters; (h) expenses related to the redemption of shares of the Trust, including expenses attributable to any program of periodic redemption; (i) expenses of shareholders’ ' and trustees’ Trustees' meetings, including meetings of committees, and of preparing, printing and mailing proxy statements, quarterly reports, semi-annual semiannual reports, annual reports and other communications to existing shareholders; (ij) expenses of preparing and setting in type prospectuses, and expenses of printing and mailing the same to existing shareholders (but not expenses of printing and mailing of prospectuses and marketing materialsliterature used for promotional purposes); (jk) compensation and expenses of the Fund’s trustees Trustees who are not affiliated with "interested persons" within the Managermeaning of the 1940 Act; (kl) expense of maintaining shareholder accounts and furnishing, or causing to be furnished, to each shareholder a statement of his account, including the expense of mailing; (m) charges and expenses of legal counsel in connection with matters relating to the FundTrust, including, without limitation, legal services rendered in connection with the Fund’s trust Trust's legal and financial structure and relations with its shareholders, issuance of shares of the Fund Trust, and registration and qualification of shares securities under federal, state and other laws; (ln) the cost and expense of maintaining the books and records of the FundTrust, including general ledger accounting; (mo) insurance premiums on fidelity, errors and omissions and other coverages, coverages including the expense of obtaining and maintaining a fidelity bond as required by Section 17(g) of the 1940 Act which may also cover the Manager; (n) expenses incurred in obtaining and maintaining any surety bond or similar coverage with respect to securities of the Fund; (o) interest payable on Fund borrowingsAct; (p) interest payable on Trust borrowings; and (q) such other non-recurring nonrecurring expenses of the Fund Trust as may arise, including expenses of actions, suits suits, or proceedings to which the Fund Trust is a party and expenses resulting from the legal obligation which the Fund Trust may have to provide indemnity with respect thereto; (q) expenses and fees reasonably incidental to any of the foregoing specifically identified expenses; and (r) all other expenses permitted by the Prospectuses and Statement of Additional Information of the Fund as being paid by the Fund.

ALLOCATION OF EXPENSE. Except for the services and facilities to be provided by the Manager as set forth in Section 2 above, the Fund assumes and shall pay all expenses for all other Fund operations and activities and shall reimburse the Manager for any such expenses incurred by the Manager. Unless the Prospectuses Prospectus or Statement of Additional Information of the Fund provides otherwise, the expenses to be borne by the Fund shall include, without limitation: : (a) all expenses of organizing the Fund; ; (b) the charges and expenses of (i) any registrar, stock transfer or dividend disbursing agent, shareholder servicing agent, custodian or depository appointed by the Fund for the safekeeping of its cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services, provided to the Fund (other than those utilized by the Manager in providing the services described in Section 2), (ii) any agent engaged for the purposes of conducting auctions with respect to the Fund’s 's taxable auction rate preferred stock, if any shall be issued, (iii) any institution serving as trustee with respect to the Fund’s 's Senior Extendible Notes, and (iv) fees of any stock exchange or any rating agency responsible for rating outstanding securities of the Fund; ; (c) the charges and expenses of bookkeeping, accounting and auditors; ; (d) brokerage commissions and other costs incurred in connection with transactions in the portfolio securities of the Fund, including any portion of such commissions attributable to brokerage and research services as defined in Section 28(e) of the Securities Exchange Act of 1934; ; (e) taxes, including issuance and transfer taxes, and registration, filing or other fees payable by the Fund to federal, state or other governmental agencies; ; (f) expenses, including the cost of printing certificates, relating to the issuance of shares of the Fund; ; (g) expenses involved in registering and maintaining registrations of the Fund and of its securities with the Securities and Exchange Commission and various states and other jurisdictions, including reimbursement of actual expenses incurred by the Manager or others in performing such functions for the Fund, and including compensation of persons who are employees of the Manager, in proportion to the relative time spent on such matters; ; (h) expenses of shareholders’ ' and trustees’ ' meetings, including meetings of committees, and of preparing, printing and mailing proxy statements, quarterly reports, semi-annual reports, annual reports and other communications to existing shareholders; ; (i) expenses of preparing and printing prospectuses and marketing materials; ; (j) compensation and expenses of the Fund’s trustees who are not affiliated with the Manager; ; (k) charges and expenses of legal counsel in connection with matters relating to the Fund, including, without limitation, legal services rendered in connection with the Fund’s 's trust and financial structure and relations with its shareholders, issuance of shares of the Fund and registration and qualification of shares under federal, state and other laws; ; (l) the cost and expense of maintaining the books and records of the Fund, including general ledger accounting; ; (m) insurance premiums on fidelity, errors and omissions and other coverages, including the expense of obtaining and maintaining a fidelity bond as required by Section 17(g) of the 1940 Act which may also cover the Manager; ; (n) expenses incurred in obtaining and maintaining any surety bond or similar coverage with respect to securities of the Fund; ; (o) interest payable on Fund borrowings; ; (p) such other non-recurring expenses of the Fund as may arise, including expenses of actions, suits or proceedings to which the Fund is a party and expenses resulting from the legal obligation which the Fund may have to provide indemnity with respect thereto; ; (q) expenses and fees reasonably incidental to any of the foregoing specifically identified expenses; and and (r) all other expenses permitted by the Prospectuses Prospectus and Statement of Additional Information of the Fund as being paid by the Fund.

ALLOCATION OF EXPENSE. Except for the services and facilities to be provided by the Manager as set forth in Section SECTION 2 above, the Fund LLC assumes and shall pay all expenses for all other Fund LLC operations and activities and shall reimburse the Manager for any such expenses incurred by the Manager. Unless the Prospectuses or Statement Statements of Additional Information of the Fund provides Feeder Funds provide otherwise, the expenses to be borne by the Fund LLC shall include, without limitation: (a) all expenses of organizing the FundLLC; (b) the charges and expenses of (i) any registrar, stock transfer or dividend disbursing agent, shareholder servicing agent, custodian or depository appointed by the Fund LLC for the safekeeping of its cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services, provided to the Fund LLC (other than those utilized by the Manager in providing the services described in Section SECTION 2), (ii) any agent engaged for the purposes of conducting auctions with respect to the Fund’s LLC's taxable auction rate preferred stock, if any shall be issued, (iii) any institution serving as trustee with respect to the Fund’s LLC's Senior Extendible Notes, and (iv) fees of any stock exchange or any rating agency responsible for rating outstanding securities of the FundLLC; (c) the charges and expenses of bookkeeping, accounting and auditors; (d) brokerage commissions and other costs incurred in connection with transactions in the portfolio securities of the FundLLC, including any portion of such commissions attributable to brokerage and research services as defined in Section 28(e) of the Securities Exchange Act of 1934; (e) taxes, including issuance and transfer taxes, and corporate registration, filing or other fees payable by the Fund LLC to federal, state or other governmental agencies; (f) expenses, including the cost of printing certificates, relating to the issuance of shares securities of the FundLLC; (g) expenses involved in registering and maintaining registrations of the Fund LLC and of its securities with the Securities and Exchange Commission and various states and other jurisdictions, including reimbursement of actual expenses incurred by the Manager or others in performing such functions for the FundLLC, and including compensation of persons who are employees of the Manager, in proportion to the relative time spent on such matters; (h) expenses of shareholders’ ', unitholders' and trustees’ managers' meetings, including meetings of committees, and of preparing, printing and mailing proxy statements, quarterly reports, semi-annual reports, annual reports and other communications to existing shareholderssecurity holders; (i) expenses of preparing and printing prospectuses and marketing materials; (j) compensation and expenses of the Fund’s trustees LLC's managers who are not affiliated with the Manager; (k) charges and expenses of legal counsel in connection with matters relating to the FundLLC, including, without limitation, legal services rendered in connection with the Fund’s trust LLC's corporate and financial structure and relations with its shareholderssecurity holders, issuance of shares of the Fund LLC and registration and qualification of shares securities under federal, state and other laws; (l) the cost and expense of maintaining the books and records of the FundLLC, including general ledger accounting; (m) insurance premiums on fidelity, errors and omissions and other coverages, including the expense of obtaining and maintaining a fidelity bond as required by Section 17(g) of the 1940 Act which may also cover the Manager; (n) expenses incurred in obtaining and maintaining any surety bond or similar coverage with respect to securities of the FundLLC; (o) interest payable on Fund the LLC's borrowings; (p) such other non-recurring expenses of the Fund LLC as may arise, including expenses of actions, suits or proceedings to which the Fund LLC is a party and expenses resulting from the legal obligation which the Fund LLC may have to provide indemnity with respect thereto; (q) expenses and fees reasonably incidental to any of the foregoing specifically identified expenses; and (r) all other expenses permitted by the Prospectuses and Statement Statements of Additional Information of the Fund Feeder Funds as being paid by the FundLLC.

ALLOCATION OF EXPENSE. Except for the services and facilities to be provided by the Manager as set forth in Section paragraph 2 above, the Fund assumes and shall pay all expenses for all other Fund operations and activities and shall reimburse the Manager for any such expenses incurred by the Manager. Unless the Prospectuses or Statement of Additional Information of the Fund provides otherwise, the The expenses to be borne by the Fund shall include, without limitation: (a) all expenses of organizing the Fund; (b) the charges and expenses of (i) any registrar, stock transfer or dividend disbursing agent, shareholder servicing agent, custodian or depository appointed by the Fund for the safekeeping of its cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services, provided to the Fund (other than those utilized by the Manager in providing the services described in Section 2), (ii) any agent engaged for the purposes of conducting auctions with respect to the Fund’s 's taxable auction rate preferred stock, if any shall be issued, (iii) any institution serving as trustee with respect to the Fund’s 's Senior Extendible Notes, and (iv) fees of any stock exchange or any rating agency responsible for rating outstanding securities of the Fund; (c) the charges and expenses of bookkeeping, accounting and auditors; (d) brokerage commissions and other costs incurred in connection with transactions in the portfolio securities of the Fund, including any portion of such commissions attributable to brokerage and research services as defined in Section 28(e) of the Securities Exchange Act of 1934; (e) taxes, including issuance and transfer taxes, and corporate registration, filing or other fees payable by the Fund to federal, state or other governmental agencies; (f) expenses, including the cost of printing certificates, relating to the issuance of shares securities of the Fund; (g) expenses involved in registering and maintaining registrations of the Fund and of its securities with the Securities and Exchange Commission and various states and other jurisdictions, including reimbursement of actual expenses incurred by the Manager or others in performing such functions for the Fund, and including compensation of persons who are employees of the Manager, in proportion to the relative time spent on such matters; (h) expenses of shareholders’ ' and trustees’ directors' meetings, including meetings of committees, and of preparing, printing and mailing proxy statements, quarterly reports, semi-annual reports, annual reports and other communications to existing shareholderssecurity holders; (i) expenses of preparing and printing prospectuses and marketing materials; (j) compensation and expenses of the Fund’s trustees directors who are not affiliated with the Manager; (k) charges and expenses of legal counsel in connection with matters relating to the Fund, including, without limitation, legal services rendered in connection with the Fund’s trust 's corporate and financial structure and relations with its shareholderssecurity holders, issuance of shares of the Fund and registration and qualification of shares securities under federal, state and other laws; (l) the cost and expense of maintaining the books and records of the Fund, including general ledger accounting; (m) insurance premiums on fidelity, errors and omissions and other coverages, including the expense of obtaining and maintaining a fidelity bond as required by Section 17(g) of the 1940 Act which may also cover the Manager; (n) expenses incurred in obtaining and maintaining any surety bond or similar coverage with respect to securities of the Fund; (o) interest payable on Fund borrowings; (p) such other non-recurring expenses of the Fund as may arise, including expenses of actions, suits or proceedings to which the Fund is a party and expenses resulting from the legal obligation which the Fund may have to provide indemnity with respect thereto;; and (q) expenses and fees reasonably incidental to any of the foregoing specifically identified expenses; and (r) all other expenses permitted by the Prospectuses and Statement of Additional Information of the Fund as being paid by the Fund.

ALLOCATION OF EXPENSE. Except for the services and facilities to be provided by the Manager as set forth in Section SECTION 2 above, the Fund assumes and shall pay all expenses for all other Fund operations and activities and shall reimburse the Manager for any such expenses incurred by the Manager. Unless the Prospectuses Prospectus or Statement of Additional Information of the Fund provides otherwise, the expenses to be borne by the Fund shall include, without limitation: (a) all expenses of organizing the Fund; (b) the charges and expenses of (i) any registrar, stock transfer or dividend disbursing agent, shareholder servicing agent, custodian or depository appointed by the Fund for the safekeeping of its cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services, provided to the Fund (other than those utilized by the Manager in providing the services described in Section SECTION 2), (ii) any agent engaged for the purposes of conducting auctions with respect to the Fund’s 's taxable auction rate preferred stock, if any shall be issued, (iii) any institution serving as trustee with respect to the Fund’s 's Senior Extendible Notes, and (iv) fees of any stock exchange or any rating agency responsible for rating outstanding securities of the Fund; (c) the charges and expenses of bookkeeping, accounting and auditors; (d) brokerage commissions and other costs incurred in connection with transactions in the portfolio securities of the Fund, including any portion of such commissions attributable to brokerage and research services as defined in Section 28(e) of the Securities Exchange Act of 1934; (e) taxes, including issuance and transfer taxes, and corporate registration, filing or other fees payable by the Fund to federal, state or other governmental agencies; (f) expenses, including the cost of printing certificates, relating to the issuance of shares securities of the Fund; (g) expenses involved in registering and maintaining registrations of the Fund and of its securities with the Securities and Exchange Commission and various states and other jurisdictions, including reimbursement of actual expenses incurred by the Manager or others in performing such functions for the Fund, and including compensation of persons who are employees of the Manager, in proportion to the relative time spent on such matters; (h) expenses of shareholders’ ' and trustees’ ' meetings, including meetings of committees, and of preparing, printing and mailing proxy statements, quarterly reports, semi-annual reports, annual reports and other communications to existing shareholderssecurity holders; (i) expenses of preparing and printing prospectuses and marketing materials; (j) compensation and expenses of the Fund’s trustees who are not affiliated with the Manager; (k) charges and expenses of legal counsel in connection with matters relating to the Fund, including, without limitation, legal services rendered in connection with the Fund’s trust 's corporate and financial structure and relations with its shareholderssecurity holders, issuance of shares of the Fund and registration and qualification of shares securities under federal, state and other laws; (l) the cost and expense of maintaining the books and records of the Fund, including general ledger accounting; (m) insurance premiums on fidelity, errors and omissions and other coverages, including the expense of obtaining and maintaining a fidelity bond as required by Section 17(g) of the 1940 Act which may also cover the Manager; (n) expenses incurred in obtaining and maintaining any surety bond or similar coverage with respect to securities of the Fund; (o) interest payable on Fund borrowings; (p) such other non-recurring expenses of the Fund as may arise, including expenses of actions, suits or proceedings to which the Fund is a party and expenses resulting from the legal obligation which the Fund may have to provide indemnity with respect thereto; (q) expenses and fees reasonably incidental to any of the foregoing specifically identified expenses; and (r) all other expenses permitted by the Prospectuses Prospectus and Statement of Additional Information of the Fund as being paid by the Fund.

ALLOCATION OF EXPENSE. Except for the services and facilities to be provided by the Manager as set forth in Section 2 above, the Fund LLC assumes and shall pay all expenses for all other Fund LLC operations and activities and shall reimburse the Manager for any such expenses incurred by the Manager. Unless the Prospectuses or Statement Statements of Additional Information of the Fund provides Feeder Funds provide otherwise, the expenses to be borne by the Fund LLC shall include, without limitation: : (a) all expenses of organizing the Fund; LLC; (b) the charges and expenses of (i) any registrar, stock transfer or dividend disbursing agent, shareholder servicing agent, custodian or depository appointed by the Fund LLC for the safekeeping of its cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services, provided to the Fund LLC (other than those utilized by the Manager in providing the services described in Section 2), (ii) any agent engaged for the purposes of conducting auctions with respect to the Fund’s LLC's taxable auction rate preferred stock, if any shall be issued, (iii) any institution serving as trustee with respect to the Fund’s LLC's Senior Extendible Notes, and (iv) fees of any stock exchange or any rating agency responsible for rating outstanding securities of the Fund; LLC; (c) the charges and expenses of bookkeeping, accounting and auditors; ; (d) brokerage commissions and other costs incurred in connection with transactions in the portfolio securities of the FundLLC, including any portion of such commissions attributable to brokerage and research services as defined in Section 28(e) of the Securities Exchange Act of 1934; ; (e) taxes, including issuance and transfer taxes, and corporate registration, filing or other fees payable by the Fund LLC to federal, state or other governmental agencies; ; (f) expenses, including the cost of printing certificates, relating to the issuance of shares of the Fund; LLC; (g) expenses involved in registering and maintaining registrations of the Fund LLC and of its securities with the Securities and Exchange Commission and various states and other jurisdictions, including reimbursement of actual expenses incurred by the Manager or others in performing such functions for the FundLLC, and including compensation of persons who are employees of the Manager, in proportion to the relative time spent on such matters; ; (h) expenses of shareholders’ ', unitholders' and trustees’ managers' meetings, including meetings of committees, and of preparing, printing and mailing proxy statements, quarterly reports, semi-annual reports, annual reports and other communications to existing shareholders; ; (i) expenses of preparing and printing prospectuses and marketing materials; ; (j) compensation and expenses of the Fund’s trustees LLC's managers who are not affiliated with the Manager; ; (k) charges and expenses of legal counsel in connection with matters relating to the FundLLC, including, without limitation, legal services rendered in connection with the Fund’s LLC's trust and financial structure and relations with its shareholders, issuance of shares of the Fund LLC and registration and qualification of shares under federal, state and other laws; ; (l) the cost and expense of maintaining the books and records of the FundLLC, including general ledger accounting; ; (m) insurance premiums on fidelity, errors and omissions and other coverages, including the expense of obtaining and maintaining a fidelity bond as required by Section 17(g) of the 1940 Act which may also cover the Manager; ; (n) expenses incurred in obtaining and maintaining any surety bond or similar coverage with respect to securities of the Fund; LLC; (o) interest payable on Fund the LLC's borrowings; ; (p) such other non-recurring expenses of the Fund LLC as may arise, including expenses of actions, suits or proceedings to which the Fund LLC is a party and expenses resulting from the legal obligation which the Fund LLC may have to provide indemnity with respect thereto; ; (q) expenses and fees reasonably incidental to any of the foregoing specifically identified expenses; and and (r) all other expenses permitted by the Prospectuses and Statement Statements of Additional Information of the Fund Feeder Funds as being paid by the FundLLC.

ALLOCATION OF EXPENSE. Except for the services and facilities to be provided by the Manager as set forth in Section 2 above, the Fund assumes and shall pay all expenses for all other Fund operations and activities and shall reimburse the Manager for any such expenses incurred by the Manager. Unless the Prospectuses Prospectus or Statement of Additional Information of the Fund provides otherwise, the expenses to be borne by the Fund shall include, without limitation: (a) all expenses of organizing the Fund; (b) the charges and expenses of (i) any registrar, stock transfer or dividend disbursing agent, shareholder servicing agent, custodian or depository appointed by the Fund for the safekeeping of its cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services, provided to the Fund (other than those utilized by the Manager in providing the services described in Section 2), (ii) any agent engaged for the purposes of conducting auctions with respect to the Fund’s taxable auction rate preferred stock, if any shall be issued, (iii) any institution serving as trustee with respect to the Fund’s Senior Extendible Notes, and (iv) fees of any stock exchange or any rating agency responsible for rating outstanding securities of the Fund; (c) the charges and expenses of bookkeeping, accounting and auditors; (d) brokerage commissions and other costs incurred in connection with transactions in the portfolio securities of the Fund, including any portion of such commissions attributable to brokerage and research services as defined in Section 28(e) of the Securities Exchange Act of 1934; (e) taxes, including issuance and transfer taxes, and registration, filing or other fees payable by the Fund to federal, state or other governmental agencies; (f) expenses, including the cost of printing certificates, relating to the issuance of shares of the Fund; (g) expenses involved in registering and maintaining registrations of the Fund and of its securities with the Securities and Exchange Commission and various states and other jurisdictions, including reimbursement of actual expenses incurred by the Manager or others in performing such functions for the Fund, and including compensation of persons who are employees of the Manager, in proportion to the relative time spent on such matters; (h) expenses of shareholders’ and trustees’ meetings, including meetings of committees, and of preparing, printing and mailing proxy statements, quarterly reports, semi-annual reports, annual reports and other communications to existing shareholders; (i) expenses of preparing and printing prospectuses and marketing materials; (j) compensation and expenses of the Fund’s trustees who are not affiliated with the Manager; (k) charges and expenses of legal counsel in connection with matters relating to the Fund, including, without limitation, legal services rendered in connection with the Fund’s trust and financial structure and relations with its shareholders, issuance of shares of the Fund and registration and qualification of shares under federal, state and other laws; (l) the cost and expense of maintaining the books and records of the Fund, including general ledger accounting; (m) insurance premiums on fidelity, errors and omissions and other coverages, including the expense of obtaining and maintaining a fidelity bond as required by Section 17(g) of the 1940 Act which may also cover the Manager; (n) expenses incurred in obtaining and maintaining any surety bond or similar coverage with respect to securities of the Fund; (o) interest payable on Fund borrowings; (p) such other non-recurring expenses of the Fund as may arise, including expenses of actions, suits or proceedings to which the Fund is a party and expenses resulting from the legal obligation which the Fund may have to provide indemnity with respect thereto; (q) expenses and fees reasonably incidental to any of the foregoing specifically identified expenses; and (r) all other expenses permitted by the Prospectuses Prospectus and Statement of Additional Information of the Fund as being paid by the Fund.