Common use of DEALING IN SECURITIES OF THE TRUST Clause in Contracts

DEALING IN SECURITIES OF THE TRUST. The Trust, the investment advisor, any corporation, firm or association which may at any time have an exclusive distributor’s or principal underwriter’s contract with the Trust (the “distributor”) and the officers and Trustees of the Trust and officers and directors of every investment advisor and distributor, shall not take long or short positions in the securities of the Trust, except that: a) the distributor may place orders with the Trust for its shares equivalent to orders received by the distributor;