Common use of Control and Compliance Clause in Contracts

Control and Compliance. (1) Audit certain data and transactions of the Fund's custodian, transfer agent(s) and investment adviser by engaging in the following: (a) DAILY AUDIT/RECONCILIATION PROCEDURES: (i) Reconciliation of the custodian's trust account activity including cash movement, cash balances, settlement of security purchases and sales, and settlement of Fund share purchases and sales; (ii) Reconciliation of the transfer agents' activity in regard to Fund share movements and "as of" transactions; (iii) Monitoring of the investment adviser's trading activity, including compliance and brokerage allocations. (b) MONTHLY AUDIT/RECONCILIATION PROCEDURES: (i) Audit of the custodian's holding of Fund assets and assets in transit, audit of the custodian's fees charged to the Fund, and audit of credits for the Fund's compensating balances; (ii) Audit of the transfer agents' activity concerning dividend and redemption payouts and of the transfer agents' fees charged to the Fund; (iii) Audit of the investment adviser's fees charged to the Funds, including servicing and accounting fees.

Control and Compliance. (1) Audit certain data and transactions of the Fund's custodian, transfer agent(s) agent and investment adviser by engaging in the following: (a) DAILY AUDIT/RECONCILIATION PROCEDURES: (i) Reconciliation of the custodian's trust account activity including cash movement, cash balances, settlement of security purchases and sales, and settlement of Fund share purchases and sales; (ii) Reconciliation of the transfer agents' agent's activity in regard to Fund share movements and "as of" transactions; (iii) Monitoring of the investment adviser's trading activity, including compliance and brokerage allocations. (b) MONTHLY AUDIT/RECONCILIATION PROCEDURES: (i) Audit of the custodian's holding of Fund assets and assets in transit, audit of the custodian's fees charged to the Fund, and audit of credits for the Fund's compensating balances; (ii) Audit of the transfer agents' agent's activity concerning dividend and redemption payouts and of the transfer agents' agent's fees charged to the Fund; (iii) Audit of the investment adviser's fees charged to the Funds, including servicing and accounting fees.

Control and Compliance. (1) Audit certain data and transactions of the Fund's custodian, transfer agent(s) agent and investment adviser by engaging in the following: (a) DAILY AUDITDaily Audit/RECONCILIATION PROCEDURESReconciliation Procedures: (i) Reconciliation of the custodian's trust account activity including cash movement, cash balances, settlement of security purchases and sales, and settlement of Fund share purchases and sales; (ii) Reconciliation of the transfer agents' agent's activity in regard to Fund share movements and "as of" transactions; (iii) Monitoring of the investment adviser's trading activity, including compliance and brokerage allocations. (b) MONTHLY AUDITMonthly Audit/RECONCILIATION PROCEDURESReconciliation Procedures: (i) Audit of the custodian's holding of Fund assets and assets in transit, audit of the custodian's fees charged to the Fund, and audit of credits for the Fund's compensating balances; (ii) Audit of the transfer agents' agent's activity concerning dividend and redemption payouts and of the transfer agents' agent's fees charged to the Fund; (iii) Audit of the investment adviser's fees charged to the Funds, including servicing and accounting fees.