Common use of Compliance with Laws Clause in Contracts

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorCustodian’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorCustodian’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorCustodian’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional information. The Distributor’s USBFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s Trustees’ oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund Trust relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The Distributor’s USBFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund Trust relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The Distributor’s USBFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorCustodian’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s USBFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional information. The Distributor’s services Fund Services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The Distributor’s Fund Services’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s USBFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s Fund Services’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundFunds, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional information. The Distributor’s USBFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s Fund Services’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s Custodian's services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s 's oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundFunds, including but not limited to compliance with the 1940 1933 Act, 1934 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 2001, the rules and regulations of the SEC, CFTC, NFA, the securities exchange on which any Shares are listed and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional informationregistration statement. The Distributor’s Fund Services’ services hereunder shall not relieve the Trust or Sponsor of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect theretocompliance.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s Trustees’ oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the each Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional information. The Distributor’s USBFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of TrusteeDirector’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 1933 Act, CFTC, NFA, NYSE, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s Fund Services’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of TrusteeSponsor’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundFunds, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the each Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorCustodian’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s Custodian's services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s 's oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The Distributor’s USBFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has Trusts have and retains retain primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the a Fund relating to its their portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s services hereunder shall not relieve the Trust Trusts of its theirs responsibilities for assuring such compliance or the Board of Trustee’s Trustees’ oversight responsibility with respect thereto.

Compliance with Laws. The Trust has Trusts have and retains retain primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its their portfolio investments as set forth in its their Prospectus and statement of additional information. The DistributorCustodian’s services hereunder shall not relieve the Trust Trusts of its their responsibilities for assuring such compliance or the Board of Trustee’s Trustees’ oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the each Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund Trust relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional information. The Distributor’s USBFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s Trustees’ oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s Trustees’ oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundTrust, including but not limited to compliance with the 1940 1933 Act, 1934 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 2001, the rules and regulations of the SEC, CFTC, NFA, the securities exchange on which any Shares are listed and the policies and limitations of the Fund Trust relating to its portfolio investments as set forth in its Prospectus and statement of additional informationregistration statement. The Distributor’s Trust Services’ services hereunder shall not relieve the Trust or Sponsor of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect theretocompliance.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxSarbanes-Xxxxx Oxley Act of 2002, the USA XSA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s Custodian's services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s 's oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional informationRegistration Statement. The Distributor’s Fund Services’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundTrust, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the a Fund relating to its portfolio investments as set forth in its Prospectus prospectus and statement of additional information. information on Form N-1A. The DistributorCustodian’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional information. The Distributor’s USBFS's services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s 's oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundTrust, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund Trust relating to its a Fund’s portfolio investments as set forth in its Prospectus such Fund’s current prospectus and statement of additional information. The Distributor’s Fund Services’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundFunds, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional informationinformation (or similar disclosure documents) included in its registration statement on Form N-2 filed with the SEC. The Distributor’s Fund Services’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 1933 Act, CFTC, NFA, NYSE, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s Fund Services’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of TrusteeSponsor’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundFunds, including but not limited to compliance with the 1940 1933 Act, 1934 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 2001, the rules and regulations of the SEC, CFTC, NFA, the securities exchange on which any Shares are listed and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional informationregistration statement. The Distributor’s Fund Services’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect theretocompliance.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundFunds, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund Funds relating to its their portfolio investments as set forth in its Prospectus and statement of additional informationthe Registration Statement. The Distributor’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s 's services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s 's oversight responsibility with respect thereto.

Compliance with Laws. The Trust has Trusts have and retains retain primary responsibility for all compliance matters relating to the Fundapplicable Fund(s), including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund Funds relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s USBFS’ services hereunder shall not relieve the each Trust of its responsibilities for assuring such compliance or the Board Board(s) of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the each Fund relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s Trustees’ oversight responsibility with respect thereto.

Compliance with Laws. The Trust has Trusts have and retains retain primary responsibility for all compliance matters relating to the Fundapplicable Fund(s), including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its their portfolio investments as set forth in its their Prospectus and statement of additional information. The DistributorCustodian’s services hereunder shall not relieve the Trust Trusts of its their responsibilities for assuring such compliance or the applicable Board of Trustee’s Trustees’ oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundFunds, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot PATRIOT Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional informationinformation (or similar disclosure documents) included in its registration statement on Form N-2 filed with the SEC. The Distributor’s USBGFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot PATRIOT Act of 2001 and the policies and limitations of the Fund Trust relating to its portfolio investments as set forth in its Prospectus and statement of additional informationRegistration Statement. The Distributor’s USBGFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s 's services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s 's oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the each Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the each Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s Trustees’ oversight responsibility with respect thereto. USBFS agrees to provide such information, and to make its representatives available, as the Trust may request.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundFunds, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the each Fund relating to its portfolio investments as set forth in its Prospectus prospectus and statement of additional information. The DistributorCustodian’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has Trusts have and retains retain primary responsibility for all compliance matters relating to the Fundapplicable Funds, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund Funds relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional information. The Distributor’s USBFS’ services hereunder shall not relieve the each Trust of its responsibilities for assuring such compliance or the Board applicable Board(s) of Trustee’s Trustees’ oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxSarbanes-Xxxxx Oxley Act of 2002, the USA XXA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s Custodian's services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s 's oversight responsibility with respect thereto.

Compliance with Laws. The Trust has Trusts have and retains retain primary responsibility for all compliance matters relating to the Fundapplicable Fund(s), including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund Funds relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The Distributor’s USBFS’ services hereunder shall not relieve the each Trust of its responsibilities for assuring such compliance or the Board applicable Board(s) of Trustee’s Trustees’ oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus prospectus and statement of additional information. information on Form N-1A. The DistributorCustodian’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundFunds, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the each Fund relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s Trustees’ oversight responsibility with respect thereto. USBFS agrees to provide such information, and to make its representatives available, as the Trust may request.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxSarxxxxx-Xxxxx Act Xxt of 2002, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundFunds, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The Distributor’s Platform Services’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus prospectus and statement of additional information. information on Form N-1A. The DistributorCustodian’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the each Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of TrusteeTrustees’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has Trusts have and retains retain primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s USBFS's services hereunder shall not relieve the Trust Trusts of its their responsibilities for assuring such compliance or the Board of Trustee’s Trustees oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s Trustees’ oversight responsibility with respect thereto.

Compliance with Laws. The Trust has Trusts have and retains retain primary responsibility for all compliance matters relating to the each Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the each Fund relating to its portfolio investments as set forth in its Prospectus and statement Statement of additional informationAdditional Information. The Distributor’s USBFS’ services hereunder shall not relieve the Trust Trusts of its their responsibilities for assuring such compliance or the Board of Trustee’s Trustees’ oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the each Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundFunds, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund Funds relating to its their respective portfolio investments as set forth in its their Prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of TrusteeDirector’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot PATRIOT Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s Custodian's services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s 's oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus prospectus and statement of additional informationinformation on Form N-2. The DistributorCustodian’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 1933 Act, the CEA, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorCustodian’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect theretocompliance.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of TrusteeDirector’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s Custodian's services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s 's oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundFunds, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The Distributor’s USBFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorXXX USBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxSaxxxxxx-Xxxxx Act Xct of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorCustodian’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.. Sxxxxx - 12/2011

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the each Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 2001, and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorCustodian’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The Distributor’s USBFS's services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s 's oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund Trust relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s Trustees' oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the Sxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorUSBFS’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of TrusteeDirector’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundFunds, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxSarbanes-Xxxxx Oxley Act of 20022000, the USA Patriot xxx XXX Xxxriot Act of 2001 and the policies and limitations of the Fund Funds relating to its portfolio investments as set forth in its Prospectus their Prospectuses and statement statements of additional information. The Distributor’s Custodian's services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s 's oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional information. The Distributor’s USBFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s Trustees oversight responsibility with respect thereto.

Compliance with Laws. A. The Trust has and retains primary responsibility for all compliance matters relating to the FundFunds, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot PATRIOT Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional informationinformation (or similar disclosure documents) included in its registration statement on Form N-2 filed with the SEC. The Distributor’s USBGFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxSaxxxxxx-Xxxxx Act Xct of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s USBFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The DistributorMFAC’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal internal Revenue Code of 1986, the SxxxxxxxXxxxxxxx-Xxxxx Act of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The DistributorCustodian’s services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. 12.1 The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund Trust relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The Distributor’s USBFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s Trustees’ oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxSarbanes-Xxxxx Oxley Act of 20022000, the USA Patriot xxx XXX Xxtriot Act of 2001 2002 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s USBFS's services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s 's oversight responsibility with respect thereto.

Compliance with Laws. The Trust acknowledges that it has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund Trust relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The Distributor’s services hereunder shall not relieve USBFS acknowledges that the Trust is relying on the timely and accurate provision of its such services by USBFS in fulfilling such responsibilities for assuring such compliance or of the Board of Trustee’s oversight responsibility with respect theretoTrust.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the FundFunds, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot PATRIOT Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus current prospectus and statement of additional information. The Distributor’s USBFS’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986Code, the Sxxxxxxx-Xxxxx Act of 2002SOX Act, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional informationSAI. The Distributor’s Fund Services’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto. Fund Services has and retains the responsibility for all compliance matters relating to the services it provides to the Trust and Funds under this Agreement.

Compliance with Laws. The Trust has and retains primary responsibility for all compliance matters relating to the Fund, including but not limited to compliance with the 1940 Act, the Internal Revenue Code of 1986, the SxxxxxxxSaxxxxxx-Xxxxx Act Xct of 2002, the USA Patriot Act of 2001 and the policies and limitations of the Fund relating to its portfolio investments as set forth in its Prospectus and statement of additional information. The Distributor’s Fund Services’ services hereunder shall not relieve the Trust of its responsibilities for assuring such compliance or the Board of Trustee’s oversight responsibility with respect thereto.