Determination of Treatment as Income and/or Capital. Except as otherwise provided by the 1940 Act, the Trustees shall have full discretion to determine which items shall be treated as income and which items as capital; and each such determination and allocation shall be conclusive and binding upon the Shareholders.
Appears in 5 contracts
Samples: Master Trust Agreement (Icon Funds), Master Trust Agreement (Pauze Swanson United Services Funds), Master Trust Agreement (U S Global Accolade Funds)