Common use of HOLDING INVESTMENTS Clause in Contracts

HOLDING INVESTMENTS. The Custodian shall hold and segregate for the account of the Fund all non-cash property, to be held by it in the United States, including all domestic investments owned by the Fund, other than (a) investments which are maintained pursuant to Section 2.9 in a clearing agency which acts as a securities depository or in the book-entry system authorized by the U.S. Department of the Treasury and certain federal agencies (each, a “U.S. Securities System”); and (b) Underlying Interests which constitute Fund assets and are maintained with a Transfer Agent pursuant to Section 2.2. The Custodian shall identify on its books and records as belonging to the Fund the securities and other noncash property, as applicable, constituting Fund assets held by (a) the Custodian, its agents and subcustodians, (b) a Securities System or (c) a Transfer Agent in accordance with Section 2.2. To the extent that the Custodian or any of its subcustodians holds securities constituting the Fund assets in an omnibus account that is identified as belonging to the Custodian for the benefit of its customers, the records of the Custodian shall identify which of such securities constitute Fund assets.