Common use of Expenses of the Trust Clause in Contracts

Expenses of the Trust. The Trust shall pay all of its expenses not expressly assumed by the Advisor herein. Without limitation, the expenses of the Trust, assumed by the Trust hereby, shall include the following: a. Expenses related to the continued existence of the Trust. b. Fees and expenses of the Trustees (except those affiliated with the Advisor), the officers and the administrative employees of the Trust. c. Fees paid to the Advisor hereunder. d. Fees and expenses of preparing, printing and distributing official filings, reports, prospectuses and documents required pursuant to applicable state and Federal securities law and expenses of reports to shareholders. e. Fees and expenses of custodians, transfer agents, dividend disbursing agents, shareholder servicing agents, registrars, and similar agents. f. Expenses related to the issuance, registration, repurchase, exchange and redemption of shares and certificates representing shares. g. Auditing, accounting, legal, insurance, portfolio administration, association membership, printing, postage, and other administrative expenses. h. Expenses relating to qualification or licensing of the Trust, shares in the Trust, or officers, employees and agents of the Trust under applicable state and Federal securities law. i. Expenses related to shareholder meetings and proxy solicitations and materials. j. Interest expense, taxes and franchise fees, and all brokerage commissions and other costs related to purchase and sales of portfolio securities. In addition, the Trust shall assume all losses and liabilities incurred in the administration to the Trust and of its investment portfolio; and it shall pay such non-recurring expenses as may arise through litigation, administrative proceedings, claims against the Trust, the indemnification of Trustees, officers, employees, shareholders and agents, or otherwise.

Expenses of the Trust. The Trust shall pay all of its expenses not expressly assumed by the Advisor Adviser herein. Without limitation, the expenses of the Trust, assumed by the Trust hereby, shall include the following: a. Expenses related to the continued existence of the Trust. b. Fees and expenses of the Trustees (except those affiliated with the AdvisorAdviser), the officers and the administrative employees of the Trust. c. Fees paid to the Advisor Adviser hereunder. d. Fees and expenses of preparing, printing and distributing official filings, reports, prospectuses and documents required pursuant to applicable state and Federal securities law and expenses of reports to shareholders. e. Fees and expenses of custodians, transfer agents, dividend disbursing agents, shareholder servicing agents, registrars, and similar agents. f. Expenses related to the issuance, registration, repurchase, exchange and redemption of shares and certificates representing shares. g. Auditing, accounting, legal, insurance, portfolio administration, association membership, printing, postage, and other administrative expenses. h. Expenses relating to qualification or licensing of the Trust, shares in the Trust, or officers, employees and agents of the Trust under applicable state and Federal securities law. i. Expenses related to shareholder meetings and proxy solicitations and materials. j. Interest expense, taxes and franchise fees, and all brokerage commissions and other costs related to purchase and sales of portfolio securities. In addition, the Trust shall assume all losses and liabilities incurred in the administration to the Trust and of its investment portfolio; and it shall pay such non-recurring expenses as may arise through litigation, administrative proceedings, claims against the Trust, the indemnification of Trustees, officers, employees, shareholders and agents, or otherwise.

Expenses of the Trust. The Trust shall pay all of its expenses not expressly assumed by the Advisor Adviser herein. Without without limitation, the expenses of the Trust, assumed by the Trust hereby, shall include the following: a. Expenses expenses related to the continued existence of the Trust. b. Fees fees and expenses of the Trustees (except those affiliated with the AdvisorAdviser), the officers and the administrative employees of the Trust. c. Fees fees paid to the Advisor Adviser hereunder. d. Fees fees and expenses of preparing, printing and distributing official filings, reports, prospectuses and documents required pursuant to applicable state and Federal federal securities law and expenses of reports to shareholders. e. Fees fees and expenses of custodians, transfer agents, dividend disbursing agents, shareholder servicing agents, registrars, and similar agents. f. Expenses expenses related to the issuance, registration, repurchase, exchange and redemption of shares and certificates representing shares. g. Auditingauditing, accounting, legal, insurance, portfolio administration, association membership, printing, postage, postage and other administrative expenses. h. Expenses expenses relating to qualification or licensing of the Trust, shares in the Trust, or officers, employees and agents of the Trust under applicable state and Federal federal securities law. i. Expenses expenses related to shareholder meetings and proxy solicitations and materials. j. Interest interest expense, taxes and franchise fees, and all brokerage commissions and other costs related to purchase and sales of portfolio securities. k. expenses assumed by the Trust in accordance with a plan of distribution adopted pursuant to rule 12b-1 under the investment company act 1940, or in accordance with any related agreements. In in addition, the Trust shall assume all losses and liabilities incurred in the administration to of the Trust and of its investment portfolio; and it shall pay such non-non- recurring expenses as may arise through litigation, administrative proceedings, claims against the Trust, the indemnification of Trustees, officers, employees, shareholders and agents, or otherwise.