Common use of Exempted Transactions Clause in Contracts

Exempted Transactions. The prohibitions of Section V of this Code shall not apply to: (a) Purchases or sales effected in any account over which the Access Person has no direct or indirect influence or control. (b) Open-end mutual funds, including money market funds purchased or sold directly through the fund or its transfer agent. (c) Purchases which are made by reinvesting cash dividends pursuant to an automatic dividend or distribution reinvestment program or employee stock option plan (this exception does not apply to optional cash purchases). (d) U.S. Government Securities purchased directly from the U.S. Government. (e) Bank certificates of deposits purchased directly from a bank. (f) Purchases effected upon the exercise of rights issued by an issuer pro rata to all holders of a class of its securities, to the extent such rights were acquired from such issuer, and sales of such rights so acquired. (g) Purchases or sales which are non-volitional on the part of either the Access Person or the Trust or the Advisers.

Exempted Transactions. The prohibitions of Section V of this Code shall not apply to: (a) Purchases or sales effected in any account over which the Access Person has no direct or indirect influence or control. (b) Open-end mutual funds, including money market funds purchased or sold directly through the fund or its transfer agent. (c) Purchases which are made by reinvesting cash dividends pursuant to an automatic dividend or distribution reinvestment program or employee stock option plan (this exception does not apply to optional cash purchases). (d) U.S. Government Securities purchased directly from the U.S. Government. (e) Bank certificates of deposits purchased directly from a bank. (f) Purchases effected upon the exercise of rights issued by an issuer pro rata PRO RATA to all holders of a class of its securities, to the extent such rights were acquired from such issuer, and sales of such rights so acquired. (g) Purchases or sales which are non-volitional on the part of either EITHER the Access Person or the Trust or the AdvisersAdviser.

Exempted Transactions. The prohibitions of Section V of this Code shall not apply to: (a) Purchases or sales effected in any account over which the Access Person has no direct or indirect influence or control. (b) Open-end mutual funds, including money market funds purchased or sold directly through the fund Funds or its transfer agent. (c) Purchases which that are made by reinvesting cash dividends pursuant to an automatic dividend or distribution reinvestment program or employee stock option plan (this exception does not apply to optional cash purchases). (d) U.S. Government Securities purchased directly from the U.S. Government. (e) Bank certificates of deposits purchased directly from a bank. (f) Purchases effected upon the exercise of rights issued by an issuer pro rata to all holders of a class of its securities, to the extent such rights were acquired from such issuer, and sales of such rights so acquired. (g) Purchases or sales which are non-volitional on the part of either the Access Person or the Trust Funds or the AdvisersAdviser.

Exempted Transactions. The prohibitions of Section V of this Code shall not apply to: (a) Purchases or sales effected affected in any account over which the Access Person has no direct or indirect influence or control. (b) Open-end mutual funds, including money market funds purchased or sold directly through the fund or its transfer agent. (c) Purchases which are made by reinvesting cash dividends pursuant to an automatic dividend or distribution reinvestment program or employee stock option plan (this exception does not apply to optional cash purchases). (d) U.S. Government Securities purchased directly from the U.S. Government. (e) Bank certificates of deposits purchased directly from a bank. (f) Purchases effected upon the exercise of rights issued by an issuer pro rata to all holders of a class of its securities, to the extent such rights were acquired from such issuer, and sales of such rights so acquired. (g) Purchases or sales sales, which are non-volitional on the part of either the Access Person or the Trust or the AdvisersAdviser.

Exempted Transactions. The prohibitions of Section V of this Code shall not apply to: (a) Purchases or sales effected affected in any account over which the Access Person has no direct or indirect influence or control. (b) Open-end mutual funds, including money market funds purchased or sold directly through the fund or its transfer agent. (c) Purchases which are made by reinvesting cash dividends pursuant to an automatic dividend or distribution reinvestment program or employee stock option plan (this exception does not apply to optional cash purchases). (d) U.S. Government Securities purchased directly from the U.S. Government. (e) Bank certificates of deposits purchased directly from a bank. (f) Purchases effected upon the exercise of rights issued by an issuer pro rata PRO RATA to all holders of a class of its securities, to the extent such rights were acquired from such issuer, and sales of such rights so acquired. (g) Purchases or sales sales, which are non-volitional on the part of either EITHER the Access Person or the Trust or the Advisers.