Common use of Delegation Clause in Contracts

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as the Board’s delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate that the Trust on behalf of the Funds Fund or its Investment Adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's ’s Assets in each of the countries as to which it acts as the Board’s delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's ’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate that the Trust on behalf of the Funds Fund or its Investment Adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's ’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's ’s Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amendedAct, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as the Board’s delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate that the Trust on behalf of the Funds Fund or its investment adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Eligible Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust Corporation on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, Corporation ,on behalf of the Funds, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Corporation confirms to the Delegate that the Trust Corporation on behalf of the Funds has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Agreement. Trust Corporation acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries designated on the Global Custody Network Listing or as to which it otherwise acts as the Fund’s delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate that the Trust on behalf of the Funds Fund or its Investment Adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Trust’s Assets in each of the countries as to which it acts as delegatedesignated on the Global Custody Network Listing. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Trust as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Trust’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds or its investment adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Trust’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under 1940 Act Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Trust’s Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that The Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as agrees to provide the Board from time to time such reasonable documentation of its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all capacity to exercise reasonable care in respect of the duties and obligations of Delegate under described in this Delegation Schedule, provided however, that such appointment shall not relieve attachment as the Delegate of its obligations under this Delegation ScheduleBoard may reasonably require.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Trust’s Assets in each of the countries designated on the Global Custody Network Listing or as to which it otherwise acts as the Trust’s delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Trust as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Trust’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of or the Funds Fund’s Investment Adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Trust’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Trust’s Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amendedAct, the Trust Company on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the TrustCompany, on behalf of the Funds, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Company confirms to the Delegate that the Trust Company on behalf of the Funds has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 under the 1940 Act and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Agreement. Trust Company acknowledges that the Delegate has appointed [Xxxxx Brothers Xxxxxxxx & Co. Co.] as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of the Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amendedAct, the Trust Company on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's ’s Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the TrustCompany, on behalf of the Funds, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's ’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Company confirms to the Delegate that the Trust Company on behalf of the Funds has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's ’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 under the 1940 Act and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's ’s Assets held in custody pursuant to the terms of the Custody Agreement. Trust Company acknowledges that the Delegate has appointed [Xxxxx Brothers Xxxxxxxx & Co. Co.] as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of the Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries designated on the Global Custody Network Listing or as to which it otherwise acts as the Fund’s delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate that the Trust on behalf of the Funds Fund or an applicable Authorized Person has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Agreement. Trust acknowledges that Delegate has appointed Xxxxx Bxxxx Brothers Xxxxxxxx Hxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amendedAct, the Trust Company on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Funds' Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the TrustCompany, on behalf of the Funds, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Funds' Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Company confirms to the Delegate that the Trust Company on behalf of the Funds has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Funds' Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 under the 1940 Act and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Funds' Assets held in custody pursuant to the terms of the Custody Agreement. Trust Company acknowledges that the Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of the Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amendedAct, the Trust Company on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the TrustCompany, on behalf of the Funds, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Company confirms to the Delegate that the Trust Company on behalf of the Funds has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 under the 1940 Act and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Agreement. Trust Company acknowledges that the Delegate has appointed Xxxxx [Brown Brothers Xxxxxxxx Harriman & Co. Co.] as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of the Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's a Portfolio’s Assets in each of the countries as to which it acts as the Board’s delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, Fund on behalf of the Funds, a Portfolio as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's a Portfolio’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund on behalf of a Portfolio confirms to the Delegate that the Trust on behalf of the Funds Fund or its Investment Adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's a Portfolio’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's a Portfolio’s Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Trust’s and each Company’s Assets in each of the countries as to which it acts as delegatedesignated on the Global Custody Network Listing. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Trust or a Company as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Trust’s or each Company’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms and each Company confirm to the Delegate that the Trust on behalf of the Funds Trust, a Company or its investment adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Trust’s or Companies’ Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under 1940 Act Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets Trust’s and Companies’Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that The Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as agrees to provide the Board from time to time such reasonable documentation of its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all capacity to exercise reasonable care in respect of the duties and obligations of Delegate under described in this Delegation Schedule, provided however, that such appointment shall not relieve attachment as the Delegate of its obligations under this Delegation ScheduleBoard may reasonably require.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform perform, only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as the Board's delegate. The Fund hereby appoints the Delegate as the Fund's "Foreign Custody Manager" as such term is used in Rule 17f-5 of the 1940 Act. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate that the Trust on behalf of the Funds Fund or its investment adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 of the 1940 Act and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amendedAct, the Trust Company on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the TrustCompany, on behalf of the Funds, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Company confirms to the Delegate that the Trust Company on behalf of the Funds has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 under the 1940 Act and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Agreement. Trust Company acknowledges that the Delegate has appointed Xxxxx [Bxxxx Brothers Xxxxxxxx Hxxxxxxx & Co. Co.] as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of the Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amendedAct, the Trust Company on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's ’s Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the TrustCompany, on behalf of the Funds, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's ’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Company confirms to the Delegate that the Trust Company on behalf of the Funds has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's ’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 under the 1940 Act and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's ’s Assets held in custody pursuant to the terms of the Custody Agreement. Trust Company acknowledges that the Delegate has appointed Xxxxx [Bxxxx Brothers Xxxxxxxx Hxxxxxxx & Co. Co.] as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of the Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's ’s Assets in each of the countries designated on the Global Custody Network Listing or as to which it otherwise acts as the Fund’s delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's ’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate that the Trust on behalf of the Funds Fund or its Investment Adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's ’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's ’s Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's ’s Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's ’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Funds’ Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's ’s Assets held in custody pursuant to the terms of the Custody Agreement. The Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Fund hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the FundsFund, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate that the Trust on behalf of the Funds Fund has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Agreement. Trust Fund acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries designated on the Global Custody Network Listing or as to which it otherwise acts as the Fund's delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate that the Trust on behalf of the Funds Fund or its Investment Adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries [designated on the Global Custody Network Listing or] as to which it otherwise acts as the Board’s delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate that the Trust on behalf of the Funds Fund or its Investment Adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform perform, only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as the Board's delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate that the Trust on behalf of the Funds Fund or its investment adviser or subadviser has considered the Sovereign Risk and prevailing Country Risk country risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign ; provided, however, that, in compliance with Rule 17f-5, neither Sovereign Risk or Country Risk shall include the custody manager for purposes risk of carrying out some or all particular Eligible Foreign Custodian of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation ScheduleFund's foreign assets.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust Trust, on behalf of the Funds each Fund, hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the a Fund's ’s Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, a Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the a Fund's ’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds each Fund holding any foreign Assets has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment of shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the FundTrust's Assets in each of the countries as to which it acts as the Board’s delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Trust as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the FundTrust's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds or its Investment Adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the FundTrust's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the FundTrust's Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust Trust, on behalf of the Funds each Fund, hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the a Fund's Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, a Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the a Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds each Fund holding any foreign Assets has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Agreement. Trust acknowledges that Delegate has appointed Xxxxx Bxxxx Brothers Xxxxxxxx Hxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment of shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, as are reasonably required to discharge its duties under this the Delegation Schedule, including, without limitation, . to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Agreement. Trust acknowledges that Delegate has appointed Xxxxx Bxxxx Brothers Xxxxxxxx Hxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Trusts Assets in each of the countries as to which it acts as delegatedesignated on the Global Custody Network Listing. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Trust as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Trusts Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds or its investment adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Trusts Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under 1940 Act Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Trusts Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that The Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as agrees to provide the Board from time to time such reasonable documentation of its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all capacity to exercise reasonable care in respect of the duties and obligations of Delegate under described in this Delegation Schedule, provided however, that such appointment shall not relieve attachment as the Delegate of its obligations under this Delegation ScheduleBoard may reasonably require.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust Corporation on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, Corporation ,on behalf of the Funds, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Corporation confirms to the Delegate that the Trust Corporation on behalf of the Funds has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Agreement. Trust Corporation acknowledges that Delegate has appointed Xxxxx Brown Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amendedAct, the Trust Company on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the TrustCompany, on behalf of the Funds, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Company confirms to the Delegate that the Trust Company on behalf of the Funds has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 under the 1940 Act and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Agreement. Trust Company acknowledges that the Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of the Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amendedAct, the Trust on behalf of the Funds Fund hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's ’s Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the FundsFund, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's ’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds Fund has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's ’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 under the 1940 Act and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's ’s Assets held in custody pursuant to the terms of the Custody Agreement. The Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. the Sub-custodians listed in Appendix C to the Custody Agreement as its foreign sub-custodian and sub-foreign custody manager custodians for purposes of carrying out some or all of providing custody services to the duties and obligations of Delegate under this Delegation Schedule, Trust with respect to the Fund’s Assets provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the DelegateForeign Custody Manager, and the Delegate Foreign Custody Manager hereby accepts such delegation and agrees to perform perform, only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as the Board's delegate. The Delegate Foreign Custody Manager is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate Foreign Custody Manager that the Trust on behalf of the Funds Fund or its investment adviser has considered the Sovereign Risk and prevailing Country Risk country risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Investment Company Act of 0000 (xxx 0000 Xxx) as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's ’s Assets in each of the countries as to which it acts as delegatedesignated on the Global Custody Network Listing. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's ’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate that the Trust on behalf of the Funds Fund or its investment adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's ’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under 1940 Act Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's ’s Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that The Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as agrees to provide the Board from time to time such reasonable documentation of its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all capacity to exercise reasonable care in respect of the duties and obligations of Delegate under described in this Delegation Schedule, provided however, that such appointment shall not relieve attachment as the Delegate of its obligations under this Delegation ScheduleBoard may reasonably require.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's ’s Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's ’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's ’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's ’s Assets held in custody pursuant to the terms of the Custody Agreement. Trust acknowledges that Delegate has appointed Xxxxx Bxxxx Brothers Xxxxxxxx Hxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's a Portfolio’s Assets in each of the countries as to which it acts as the Board’s delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the TrustFund, on behalf of the Fundsa Portfolio, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's a Portfolio’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund, on behalf of a Portfolio, confirms to the Delegate that the Trust on behalf of the Funds Fund or its Investment Adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's a Portfolio’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's a Portfolio’s Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amendedasamended, the Trust on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts herebyaccepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning Scheduleconcerning the safekeeping of the Fund's ’s Assets in each of the countries as to which it acts as delegate. The Delegate TheDelegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the FundstheFunds, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitationwithoutlimitation, to cause the Fund's ’s Assets to be placed with a particular Eligible Foreign Custodian in accordance inaccordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds has considered hasconsidered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision processdecisionprocess, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets Fund’sAssets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement andsettlement systems and practices (including the use of any Securities Depository in the context of information ofinformation provided by the Delegate in the performance of its duties as required under Rule 17f-7 and the terms theterms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery andrecovery of the Fund's ’s Assets held in custody pursuant to the terms of the Custody Agreement. Trust acknowledges Trustacknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody foreigncustody manager for purposes of carrying out some or all of the duties and obligations of Delegate under Delegateunder this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its ofits obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 1 7f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the DelegateForeign Custody Manager, and the Delegate Foreign Custody Manager hereby accepts such delegation and agrees to perform perform, only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's ’s Assets in each of the countries as to which it acts as the Board’s delegate. The Delegate Foreign Custody Manager is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's ’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate Foreign Custody Manager that the Trust on behalf of the Funds Fund or its investment adviser has considered the Sovereign Risk and prevailing Country Risk country risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's ’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 I7f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's ’s Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amendedAct, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's ’s Assets in each of the countries as to which it acts as the Board’s delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's ’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate that the Trust on behalf of the Funds Fund or its investment adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's ’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Eligible Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's ’s Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 I 7f-5 under the 1940 Act as amended, the Trust Trust, on behalf of the Funds each Fund, hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the a Fund's Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, a Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the a Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds each Fund holding any foreign Assets has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment of shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amendedAct, the Trust on behalf Trust’s Board of Trustees (the Funds hereby delegates “Board”) has delegated to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Trust’s Assets in each of the countries as to which it acts as the Board’s delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Trust as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Trust’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds or its Investment Adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Trust’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Trust’s Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's ’s Assets in each of the countries as to which it acts as delegatedesignated on the Global Custody Network Listing. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's ’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate that the Trust on behalf of the Funds Fund or its investment adviser has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's ’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under 1940 Act Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's ’s Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that The Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as agrees to provide the Board from time to time such reasonable documentation of its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all capacity to exercise reasonable care in respect of the duties and obligations of Delegate under described in this Delegation Schedule, provided however, that such appointment shall not relieve attachment as the Delegate of its obligations under this Delegation ScheduleBoard may reasonably require.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amendedAct, the Trust Company on behalf of the Funds hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the TrustCompany, on behalf of the Funds, as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Company confirms to the Delegate that the Trust Company on behalf of the Funds has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 under the 1940 Act and the terms of the Custody Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Agreement. Trust Company acknowledges that the Delegate has appointed [Xxxxx Brothers Xxxxxxxx & Co. Co.) as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of the Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the Fund's Assets in each of the countries designated on the Global Custody Network Listing as to which it acts as the Fund’s delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust Fund confirms to the Delegate that the Trust on behalf of the Funds Fund or its Investment Advisor has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 I 7f-5 under the 1940 Act as amended, the Trust Trust, on behalf of the Funds each Fund, hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the a Fund's ’s Assets in each of the countries as to which it acts as delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, a Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the a Fund's ’s Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds each Fund holding any foreign Assets has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the Fund's ’s Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Agreement governing such duties), and the laws Jaws relating to the safekeeping and recovery of the Fund's ’s Assets held in custody pursuant to the terms of the Custody Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment of shall not relieve the Delegate of its obligations under this Delegation Schedule.

Delegation. Pursuant to the provisions of Rule 17f-5 under the 1940 Act as amended, the Trust on behalf of the Funds Board hereby delegates to the Delegate, and the Delegate hereby accepts such delegation and agrees to perform only those duties set forth in this Delegation Schedule concerning the safekeeping of the each Fund's Assets in each of the countries as to which it acts as the Board's delegate. The Delegate is hereby authorized to take such actions on behalf of or in the name of the Trust, on behalf of the Funds, each Fund as are reasonably required to discharge its duties under this Delegation Schedule, including, without limitation, to cause the each Fund's Assets to be placed with a particular Eligible Foreign Custodian in accordance herewith. The Trust confirms to the Delegate that the Trust on behalf of the Funds or its Investment Advisor has considered the Sovereign Risk and prevailing Country Risk as part of its continuing investment decision process, including such factors as may be reasonably related to the systemic risk of maintaining the each Fund's Assets in a particular country, including, but not limited to, financial infrastructure, prevailing custody and settlement systems and practices (including the use of any Securities Depository in the context of information provided by the Delegate Custodian in the performance of its duties as required under Rule 17f-7 and the terms of the Custody Custodian Agreement governing such duties), and the laws relating to the safekeeping and recovery of the Fund's Assets held in custody pursuant to the terms of the Custody Custodian Agreement. Trust acknowledges that Delegate has appointed Xxxxx Brothers Xxxxxxxx & Co. as its sub-custodian and sub-foreign custody manager for purposes of carrying out some or all of the duties and obligations of Delegate under this Delegation Schedule, provided however, that such appointment shall not relieve the Delegate of its obligations under this Delegation Schedule.