Common use of ALLOCATION OF EXPENSE Clause in Contracts

ALLOCATION OF EXPENSE. The Trust shall reimburse the Manager for the use of the Manager's personnel, equipment, facilities and office space in providing the assistance and services described in paragraph 2 (c) above. The Trust assumes and shall pay all expenses for all other Trust operations and activities, including the expenses set forth below (it being understood that the Trust shall allocate expenses between or among its Funds to the extent contemplated by its Master Trust Agreement): (a) all expenses of organizing a Fund; (b) the charges and expenses of any registrar, share transfer or dividend disbursing agent, shareholder servicing agent, custodian, or depository appointed by the Trust for the safekeeping of the Fund's cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services; (c) the charges and expenses of 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 Exchange Act; (e) taxes, including issuance and transfer taxes and registration, filing or other fees payable by the Trust 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 Trust and of its shares with the Securities and Exchange Commission and various states and other jurisdictions and submission of any notice and other filings with respect to the Fund or its shares; (h) expenses related to the redemption of shares of the Fund, including expenses attributable to any program of periodic redemption; (i) expenses of shareholders' and Trustees' meetings, including meetings of committees; (j) expenses of preparing, printing and mailing proxy statements, shareholder reports, prospectuses and other communications to existing shareholders (but not expenses of printing and mailing of prospectuses and literature used for promotional purposes); (k) compensation and expenses of Trustees who are not "interested persons" within the meaning of the 1940 Act; (l) 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 Trust; (n) the cost and expense of maintaining the books and records of the Trust, including general ledger accounting; (o) 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; (p) interest payable on Fund borrowings; and (q) such other nonrecurring expenses of the Fund as may arise, including expenses of actions, suits, or proceedings to which the Trust is a party and expenses resulting from the legal obligation which the Trust may have to provide indemnity with respect thereto.

ALLOCATION OF EXPENSE. The Trust shall reimburse Except for the services and facilities to be provided by the Manager for the use of the Manager's personnel, equipment, facilities and office space in providing the assistance and services described as set forth in paragraph 2 (c) above. The Trust , the Fund assumes and shall pay all expenses for all other Trust Fund operations and activitiesactivities and shall reimburse the Manager for any such expenses incurred by the Manager. The expenses to be borne by the Fund shall include, including the expenses set forth below (it being understood that the Trust shall allocate expenses between or among its Funds to the extent contemplated by its Master Trust Agreement):without limitation: (a) all expenses of organizing a the Fund; (b) the charges and expenses of (i) any registrar, share stock transfer or dividend disbursing agent, shareholder servicing agent, custodian, custodian or depository appointed by the Trust Fund for the safekeeping of the Fund's 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, (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 ActAct of 1934; (e) taxes, including issuance and transfer taxes taxes, and corporate registration, filing or other fees payable by the Trust Fund to federal, state 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 Trust Fund and of its shares securities with the Securities and Exchange Commission and various states and other jurisdictions and submission jurisdictions, including reimbursement of any notice and other filings with respect to actual expenses incurred by the Fund Manager or its shares; (h) expenses related to the redemption of shares of others in performing such functions for the Fund, and including expenses attributable to any program compensation of periodic redemption; (i) expenses of shareholders' and Trustees' meetings, including meetings of committees; (j) expenses of preparing, printing and mailing proxy statements, shareholder reports, prospectuses and other communications to existing shareholders (but not expenses of printing and mailing of prospectuses and literature used for promotional purposes); (k) compensation and expenses of Trustees persons who are not "interested persons" within the meaning employees of the 1940 Act; (l) expense of maintaining shareholder accounts and furnishingManager, 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 proportion to the Trustrelative time spent on such matters; (n) the cost and expense of maintaining the books and records of the Trust, including general ledger accounting; (o) 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; (p) interest payable on Fund borrowings; and (q) such other nonrecurring expenses of the Fund as may arise, including expenses of actions, suits, or proceedings to which the Trust is a party and expenses resulting from the legal obligation which the Trust may have to provide indemnity with respect thereto.

ALLOCATION OF EXPENSE. The Trust shall reimburse Except for the services and facilities to be provided by the Manager for the use of the Manager's personnel, equipment, facilities and office space in providing the assistance and services described as set forth in paragraph 2 (c) above. The Trust , the Fund assumes and shall pay all expenses for all other Trust Fund operations and activitiesactivities and shall reimburse the Manager for any such expenses incurred by the Manager. The expenses to be borne by the Fund shall include, including the expenses set forth below (it being understood that the Trust shall allocate expenses between or among its Funds to the extent contemplated by its Master Trust Agreement):without limitation: (a) all expenses of organizing a the Fund; (b) the charges and expenses of (i) any registrar, share stock transfer or dividend disbursing agent, shareholder servicing agent, custodian, custodian or depository appointed by the Trust Fund for the safekeeping of the Fund's 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, (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 ActAct of 1934; (e) taxes, including issuance and transfer taxes taxes, and corporate registration, filing or other fees payable by the Trust 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 Trust Fund and of its shares securities with the Securities and Exchange Commission and various states and other jurisdictions jurisdictions, including reimbursement of actual expenses incurred by the Manager or others in performing such functions for the Fund, and submission including compensation of any notice and other filings with respect persons who are employees of the Manager, in proportion to the Fund or its sharesrelative time spent on such matters; (h) expenses related to the redemption of shares of the Fund, including expenses attributable to any program of periodic redemption; (i) expenses of shareholders' and Trusteesdirectors' meetings, including meetings of committees; (j) expenses , and of preparing, printing and mailing proxy statements, shareholder quarterly reports, prospectuses semi-annual reports, annual reports and other communications to existing shareholders (but not expenses of printing and mailing of prospectuses and literature used for promotional purposes)security holders; (ki) expenses of preparing and printing prospectuses and marketing materials; (j) compensation and expenses of Trustees directors who are not "interested persons" within affiliated with the meaning of the 1940 ActManager; (l) 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; (mk) charges and expenses of legal counsel in connection with matters relating to the TrustFund, including, without limitation, legal services rendered in connection with the Fund's corporate and financial structure and relations with its security holders, issuance of shares of the Fund and registration and qualification of securities under federal, state and other laws; (n1) the cost and expense of maintaining the books and records of the TrustFund, including general ledger accounting; (om) 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 ActAct which may also cover the Manager; (pn) 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; and; (qp) such other nonrecurring non-recurring expenses of the Fund as may arise, including expenses of actions, suits, suits or proceedings to which the Trust Fund is a party and expenses resulting from the legal obligation which the Trust Fund may have to provide indemnity with respect thereto; and (g) expenses and fees reasonably incidental to any of the foregoing specifically identified expenses.

ALLOCATION OF EXPENSE. The Trust shall reimburse the Manager Except for the use of services and facilities to be provided by the Manager's personnelInvestment Manager as set forth in Article 2 above, equipment, facilities and office space in providing the assistance and services described in paragraph 2 (c) above. The Trust Corporation assumes and shall pay all expenses for all other Trust Fund operations and activities, including activities and shall reimburse the Investment Manager for any such expenses set forth below incurred by the Investment Manager (it being understood that the Trust Corporation shall allocate such expenses between or among its Funds to the extent contemplated by its Master Trust Agreement):Articles of Incorporation). The expenses to be borne by the Fund with respect to the Fund shall include, without limitation: (a) all expenses of organizing a Fundthe Corporation or forming any Fund thereof; (b) the charges and expenses of any registrar, share stock transfer or dividend disbursing agent, shareholder servicing agent, custodian, or depository appointed by the Trust Corporation with respect to the Fund for the safekeeping of the Fund's its cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services; (c) the charges and expenses of auditors; (d) brokerage commissions and other direct 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 Exchange ActAct and including any costs directly related to the acquisition, disposition, lending or borrowing of portfolio investments; (e) taxes, including issuance and transfer taxes taxes, and corporate registration, filing or other fees payable by the Trust Corporation with respect to 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 Trust Fund and of its shares with the Securities and Exchange Commission and various states and other jurisdictions and submission jurisdictions, including reimbursement of any notice and other filings with respect actual expenses incurred by the Investment Manager in performing such functions for the Fund, which may include compensation of persons who are employees of the Investment Manager, in proportion to the Fund or its sharesrelative time spent on such matters; (h) expenses related to the redemption of shares of the Fund, including expenses attributable to any program of periodic redemption; (i) expenses of shareholders' shareholders and Trustees' Directors meetings, including meetings of committees; (j) expenses , and of preparing, printing and mailing proxy statements, shareholder quarterly reports, prospectuses semi-annual reports, annual reports and other communications to existing shareholders; (j) 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 literature used for promotional purposes); (k) compensation and expenses of Trustees Directors who are not "interested persons" within the meaning of the 1940 Act; (l) expense expenses of maintaining shareholder accounts and furnishing, or causing to be furnished, to each shareholder a statement of his or her account, including the expense of mailing; (m) charges and expenses of legal counsel in connection with matters relating to the TrustFund, including, without limitation, legal services rendered in connection with the Corporation's corporate and financial structure and relations with its shareholders, issuance of shares of the Fund, and registration and qualification of securities under federal, state and other laws; (n) the cost and expense of maintaining the books and records of the TrustFund, including general ledger accounting; (o) 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; (p) interest payable on Fund borrowingsand any other costs related to borrowings by the Corporation for the Fund; and (q) such other nonrecurring non-recurring expenses of the Corporation with respect to the Fund as may arise, including expenses of actions, suits, or proceedings to which the Trust Corporation is a party and expenses resulting from the legal obligation which the Trust Corporation may have to provide indemnity with respect thereto.

ALLOCATION OF EXPENSE. The Trust shall reimburse Except for the services and facilities to be provided by the Manager for the use of the Manager's personnel, equipment, facilities and office space in providing the assistance and services described as set forth in paragraph 2 (c) above. The , and services provided by the Manager as set forth in a General Administration Agreement between the Trust and the Manager, the Trust assumes and shall pay all expenses for all other Trust operations and activities, including the expenses set forth below (it being understood that the Trust shall allocate such expenses between or among its Funds to the extent contemplated by its Master Trust Agreement):). (a) all expenses of organizing a the Fund; (b) the charges and expenses of any registrar, share transfer or dividend disbursing agent, shareholder servicing agent, custodian, or depository appointed by the Trust for the safekeeping of the Fund's cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services; (c) the charges and expenses of 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 Exchange Act; (e) taxes, including issuance and transfer taxes and registration, filing or other fees payable by the Trust 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 Trust and of its shares with the Securities and Exchange Commission and various states and other jurisdictions and submission of any notice and other filings with respect to the Fund or its shares; (h) expenses related to the redemption of shares of the Fund, including expenses attributable to any program of periodic redemption; (i) expenses of shareholders' and Trustees' meetings, including meetings of committees; (j) expenses of preparing, printing and mailing proxy statements, shareholder reports, prospectuses and other communications to existing shareholders (but not expenses of printing and mailing of prospectuses and literature used for promotional purposes); (k) compensation and expenses of Trustees who are not "interested persons" within the meaning of the 1940 Act; (l) 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 Trust; (n) the cost and expense of maintaining the books and records of the Trust, including general ledger accounting; (o) 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; (p) interest payable on Fund borrowings; and (q) such other nonrecurring expenses of the Fund as may arise, including expenses of actions, suits, or proceedings to which the Trust is a party and expenses resulting from the legal obligation which the Trust may have to provide indemnity with respect thereto.

ALLOCATION OF EXPENSE. The Manager shall be responsible for the services and facilities to be provided by the Manager as set forth in paragraph 2 above. The Trust assumes and shall pay all expenses for all other Trust operations and activities. The Trust shall reimburse the Manager for the use of the Manager's personnel, equipment, facilities and office space in providing assistance with the assistance and services described in paragraph 2 (c) above. The Trust assumes and shall pay all expenses for all other Trust operations and activities, including activities that are the expenses set forth below responsibility of the Trust (it being understood that the Trust shall allocate such expenses between or among its Funds to the extent contemplated by its Master Trust Agreement):). The expenses to be borne by the Trust are set forth below. (a) all expenses of organizing a Fund; (b) the charges and expenses of any registrar, share transfer or dividend disbursing agent, shareholder servicing agent, custodian, or depository appointed by the Trust for the safekeeping of the Fund's cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services; (c) the charges and expenses of 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 Exchange Act; (e) taxes, including issuance and transfer taxes and registration, filing or other fees payable by the Trust 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 Trust Fund and of its shares with the Securities and Exchange Commission and various states and other jurisdictions and submission of any notice and other filings with respect to the Fund or its sharesjurisdictions; (h) expenses related to the redemption of shares of the Fund, including expenses attributable to any program of periodic redemption; (i) expenses of shareholders' and Trustees' meetings, including meetings of committees; (j) expenses , and of preparing, printing and mailing proxy statements, shareholder quarterly reports, prospectuses semiannual reports, annual reports and other communications to existing shareholders; (j) 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 literature used for promotional purposes); (k) compensation and expenses of Trustees who are not "interested persons" within the meaning of the 1940 Act; (l) 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 Trust, including, without limitation, legal services rendered in connection with the Trust's legal and financial structure and relations with its shareholders, issuance of shares of the Trust, and registration and qualification of securities under federal, state and other laws; (n) the cost and expense of maintaining the books and records of the Trust, including general ledger accounting; (o) 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; (p) interest payable on Fund borrowings; and (q) such other nonrecurring expenses of the Fund as may arise, including expenses of actions, suits, or proceedings to which the Trust is a party and expenses resulting from the legal obligation which the Trust may have to provide indemnity with respect thereto.

ALLOCATION OF EXPENSE. The Trust shall reimburse the Manager Except for the use of services and facilities to be provided by the Manager's personnelInvestment Manager as set forth in Article 2 above, equipment, facilities and office space in providing the assistance and services described in paragraph 2 (c) above. The Trust Corporation assumes and shall pay all expenses for all other Trust Fund operations and activities, including activities and shall reimburse the Investment Manager for any such expenses set forth below incurred by the Investment Manager (it being understood that the Trust Corporation shall allocate such expenses between or among its Funds to the extent contemplated by its Master Trust Agreement):Article of Incorporation). The expenses to be borne by the Fund with respect to the Fund shall include, without limitation: (a) all expenses of organizing a Fundthe Corporation or forming any Fund thereof; (b) the charges and expenses of any registrar, share stock transfer or dividend disbursing agent, shareholder servicing agent, custodian, or depository appointed by the Trust Corporation with respect to the Fund for the safekeeping of the Fund's its cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services; (c) the charges and expenses of auditors; (d) brokerage commissions and other direct 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 Exchange ActAct and including any costs directly related to the acquisition, disposition, lending or borrowing of portfolio investments; (e) taxes, including issuance and transfer taxes taxes, and corporate registration, filing or other fees payable by the Trust Corporation with respect to 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 Trust Fund and of its shares with the Securities and Exchange Commission and various states and other jurisdictions and submission jurisdictions, including reimbursement of any notice and other filings with respect actual expenses incurred by the Investment Manager in performing such functions for the Fund, which may include compensation of persons who are employees of the Investment Manager, in proportion to the Fund or its sharesrelative time spent on such matters; (h) expenses related to the redemption of shares of the Fund, including expenses attributable to any program of periodic redemption; (i) expenses of shareholders' shareholders and Trustees' Directors meetings, including meetings of committees; (j) expenses , and of preparing, printing and mailing proxy statements, shareholder quarterly reports, prospectuses semi-annual reports, annual reports and other communications to existing shareholders; (j) 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 literature used for promotional purposes); (k) compensation and expenses of Trustees Directors who are not "interested persons" within the meaning of the 1940 Act; (l) expense expenses of maintaining shareholder accounts and furnishing, or causing to be furnished, to each shareholder a statement of his or her account, including the expense of mailing; (m) charges and expenses of legal counsel in connection with matters relating to the TrustFund, including, without limitation, legal services rendered in connection with the Corporation's corporate and financial structure and relations with its shareholders, issuance of shares of the Fund, and registration and qualification of securities under federal, state and other laws; (n) the cost and expense of maintaining the books and records of the TrustFund, including general ledger accounting; (o) 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; (p) interest payable on Fund borrowingsand any other costs related to borrowings by the Corporation for the Fund; and (q) such other nonrecurring non-recurring expenses of the Corporation with respect to the Fund as may arise, including expenses of actions, suits, or proceedings to which the Trust Corporation is a party and expenses resulting from the legal obligation which the Trust Corporation may have to provide indemnity with respect thereto.

ALLOCATION OF EXPENSE. Except for the services and facilities to be provided by the Manager as set forth in paragraph 2 above, and services provided by the Manager as set forth in a General Administration Agreement between the Trust and the Manager, the Trust assumes and shall pay all expenses for all other Trust operations and activities. The Trust shall reimburse the Manager for the use of the Manager's personnel, equipment, facilities and office space in providing assistance with the assistance and services described in paragraph 2 (c) above. The Trust assumes and shall pay all expenses for all other Trust operations and activities, including activities that are the expenses set forth below responsibility of the Trust. (it It being understood that the Trust shall allocate such expenses between or among its Funds to the extent contemplated by its Master Trust Agreement):.) The expenses to be borne by the Trust are set forth below. (a) all expenses of organizing a the Fund; (b) the charges and expenses of any registrar, share transfer or dividend disbursing agent, shareholder servicing agent, custodian, or depository appointed by the Trust for the safekeeping of the Fund's cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services; (c) the charges and expenses of 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 Exchange Act; (e) taxes, including issuance and transfer taxes and registration, filing or other fees payable by the Trust 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 Trust Fund and of its shares with the Securities and Exchange Commission and various states and other jurisdictions and submission of any notice and other filings with respect to the Fund or its sharesjurisdictions; (h) expenses related to the redemption of shares of the Fund, including expenses attributable to any program of periodic redemption; (i) expenses of shareholders' and Trustees' meetings, including meetings of committees; (j) expenses , and of preparing, printing and mailing proxy statements, shareholder quarterly reports, prospectuses semiannual reports, annual reports and other communications to existing shareholders; (j) 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 literature used for promotional purposes); (k) compensation and expenses of Trustees who are not "interested persons" within the meaning of the 1940 Act; (l) 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 Trust, including, without limitation, legal services rendered in connection with the Trust's legal and financial structure and relations with its shareholders, issuance of shares of the Trust, and registration and qualification of securities under federal, state and other laws; (n) the cost and expense of maintaining the books and records of the Trust, including general ledger accounting; (o) 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; (p) interest payable on Fund borrowings; and (q) such other nonrecurring expenses of the Fund as may arise, including expenses of actions, suits, or proceedings to which the Trust is a party and expenses resulting from the legal obligation which the Trust may have to provide indemnity with respect thereto.

ALLOCATION OF EXPENSE. The Trust shall reimburse Except for the services and facilities to be provided by the Manager for the use of the Manager's personnel, equipment, facilities and office space in providing the assistance and services described as set forth in paragraph 2 (c) above. The , the Trust assumes and shall pay all expenses for all other Trust operations and activities, including activities and shall reimburse the Manager for any such expenses set forth below incurred by the Manager (it being understood that the Trust shall allocate such expenses between or among its Funds to the extent contemplated by its Master Trust Agreement):). The expenses to be borne by the Trust shall include, without limitation: (a) all expenses of organizing a Fundthe Trust or forming any Fund thereof; (b) the charges and expenses of any registrar, share stock transfer or dividend disbursing agent, shareholder servicing agent, custodian, or depository appointed by the Trust for the safekeeping of the Fund's its cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services; (c) the charges and expenses of 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 Exchange Act; (e) taxes, including issuance and transfer taxes taxes, and corporate registration, filing or other fees payable by the 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 Trust and of its shares with the Securities and Exchange Commission and various states and other jurisdictions jurisdictions, including reimbursement of actual expenses incurred by the Manager in performing such functions for the Trust, and submission including compensation of any notice and other filings with respect persons who are employees of the Manager, in proportion to the Fund or its sharesrelative time spent on such matters; (h) expenses related to the redemption of shares of the FundTrust, including expenses attributable to any program of periodic redemption; (i) expenses of shareholders' and Trustees' meetings, including meetings of committees; (j) expenses , and of preparing, printing and mailing proxy statements, shareholder quarterly reports, prospectuses semi-annual reports, annual reports and other communications to existing shareholders; (j) 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 literature used for promotional purposes); (k) compensation and expenses of Trustees who are not "interested persons" within the meaning of the 1940 Act; (l1) 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 Trust, including, without limitation, legal services rendered in connection with the Trust's corporate and financial structure and relations with its shareholders, issuance of shares of the Trust, and registration and qualification of securities under federal, state and other laws; (n) the cost and expense of maintaining the books and records of the Trust, including general ledger accounting; (o) 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; (p) interest payable on Fund Trust borrowings; and (q) such other nonrecurring non-recurring expenses of the Fund Trust as may arise, including expenses of actions, suits, or proceedings to which the Trust is a party and expenses resulting from the legal obligation which the Trust may have to provide indemnity with respect thereto.

ALLOCATION OF EXPENSE. The Trust shall reimburse the Manager for the use of the Manager's personnel, equipment, facilities and office space in providing the assistance and services described in paragraph 2 (c) above. The Trust assumes and shall pay all expenses for all other Trust operations and activities, including the expenses set forth below below. (it It being understood that the Trust shall allocate expenses between or among its Funds to the extent contemplated by its Master Trust Agreement):.) (a) all expenses of organizing a Fund; (b) the charges and expenses of any registrar, share transfer or dividend disbursing agent, shareholder servicing agent, custodian, or depository appointed by the Trust for the safekeeping of the Fund's cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services; (c) the charges and expenses of 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 Exchange Act; (e) taxes, including issuance and transfer taxes and registration, filing or other fees payable by the Trust 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 Trust and of its shares with the Securities and Exchange Commission and various states and other jurisdictions and submission of any notice and other filings with respect to the Fund or its shares; (h) expenses related to the redemption of shares of the Fund, including expenses attributable to any program of periodic redemption; (i) expenses of shareholders' and Trustees' meetings, including meetings of committees; (j) expenses of preparing, printing and mailing proxy statements, shareholder reports, prospectuses and other communications to existing shareholders (but not expenses of printing and mailing of prospectuses and literature used for promotional purposes); (k) compensation and expenses of Trustees who are not "interested persons" within the meaning of the 1940 Act; (l) 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 Trust; (n) the cost and expense of maintaining the books and records of the Trust, including general ledger accounting; (o) 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; (p) interest payable on Fund borrowings; and (q) such other nonrecurring expenses of the Fund as may arise, including expenses of actions, suits, or proceedings to which the Trust is a party and expenses resulting from the legal obligation which the Trust may have to provide indemnity with respect thereto.

ALLOCATION OF EXPENSE. The Trust shall reimburse Except for the services and facilities to be provided by the Manager for the use of the Manager's personnel, equipment, facilities and office space in providing the assistance and services described as set forth in paragraph 2 (c) above. The , the Trust assumes and shall pay all expenses for all other Trust operations and activities, including activities and shall reimburse the Manager for any such expenses set forth below incurred by the Manager (it being understood that the Trust shall allocate such expenses between or among its Funds to the extent contemplated by its Master Trust Agreement):). The expenses to be borne by the Trust shall include, without limitation: (a) all expenses of organizing a Fundthe Trust or forming any Fund thereof; (b) the charges and expenses of any registrar, share stock transfer or dividend disbursing agent, shareholder servicing agent, custodian, or depository appointed by the Trust for the safekeeping of the Fund's its cash, portfolio securities and other property, including the costs of servicing shareholder investment accounts and bookkeeping, accounting and pricing services; (c) the charges and expenses of 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 Exchange Act; (e) taxes, including issuance and transfer taxes taxes, and corporate registration, filing or other fees payable by the 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 Trust and of its shares with the Securities and Exchange Commission and various states and other jurisdictions jurisdic tions, including reimbursement of actual expenses incurred by the Manager in performing such functions for the Trust, and submission including compensation of any notice and other filings with respect persons who are employees of the Man ager, in proportion to the Fund or its sharesrelative time spent on such matters; (h) expenses related to the redemption of shares of the FundTrust, including expenses attributable to any program of periodic redemption; (i) expenses of shareholders' and Trustees' meetings, including meetings of committees; (j) expenses , and of preparing, printing and mailing proxy statements, shareholder quarterly reports, prospectuses semi-annual reports, annual reports and other communications to existing shareholders; (j) 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 literature used for promotional purposes); (k) compensation and expenses of Trustees who are not "interested persons" within the meaning of the 1940 Act; (l) 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 Trust, including, without limitation, legal services rendered in connection with the Trust's corporate and financial structure and relations with its shareholders, issuance of shares of the Trust, and registration and qualification of securities under federal, state and other laws; (n) the cost and expense of maintaining the books and records of the Trust, including general ledger accounting; (o) 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; (p) interest payable on Fund Trust borrowings; and (q) such other nonrecurring non-recurring expenses of the Fund Trust as may arise, including expenses of actions, suits, or proceedings to which the Trust is a party and expenses resulting from the legal obligation which the Trust may have to provide indemnity with respect thereto.