Common use of Expenses of the Fund Clause in Contracts

Expenses of the Fund. During the term of this Agreement, the Manager shall reimburse the Fund for all acquired fund fees and expenses and pay all of the ordinary operating expenses of the Fund, except for (i) the Fund’s management fee set forth in Section 4 of this Agreement, (ii) payments under the Fund’s Rule 12b-1 plan (if any), (iii) brokerage expenses (including any costs incidental to transactions in portfolio securities or instruments), (iv) taxes, (v) interest (including borrowing costs and dividend expenses on securities sold short and overdraft charges), (vi) litigation expenses (including litigation to which the Trust or the Fund may be a party and indemnification of the Trustees and officers with respect thereto), and (vii) other non-routine or extraordinary expenses.