Common use of Investment in the Trust Clause in Contracts

Investment in the Trust. The Trustees shall accept investments in any Class from such persons and on such terms as they may from time to time authorize. At the Trustees’ discretion, such investments, subject to applicable law, may be in the form of cash or securities in which the Trust is authorized to invest, valued as provided in Section 7.7 hereof. Unless the Trustees otherwise determine, investments shall be credited to each Shareholder’s account in the form of full Shares at the Net Asset Value per Share next determined after the investment is received. Without limiting the generality of the foregoing, the Trustees may, in their sole discretion, (a) fix the Net Asset Value per Share of the initial capital contribution, (b) impose sales or other charges upon investments in the Trust or (c) issue fractional Shares.

Investment in the Trust. The Trustees shall accept investments in any Class from such persons and on such terms as they may from time to time authorize. At the Trustees’ discretion, such investments, subject to applicable law, may be in the form of cash or securities in which the Trust is authorized to invest, valued as provided in Section 7.7 Article VII hereof. Unless the Trustees otherwise determine, investments in the Trust shall be credited to each Shareholder’s account in the form of full Shares at the Net Asset Value net asset value per Share next determined after the investment is received. Without limiting the generality of the foregoing, the Trustees may, in their sole discretion, (a) fix the Net Asset Value net asset value per Share of the initial capital contributioninvestment, (b) impose sales or other charges upon investments in the Trust or (c) issue fractional Shares.

Investment in the Trust. The Trustees shall may accept investments in any Class Series of the Trust from such persons persons, at such times, and on such terms as they may from time to time authorize. At the Trustees’ ' discretion, such investments, subject to applicable law, may be in the form of cash or securities in which the Trust affected Series is authorized to invest, valued as provided in Article IX, Section 7.7 9.3 hereof. Unless the Trustees otherwise determine, investments Investments in a Series shall be credited to each Shareholder’s 's account in the form of full Shares at the Net Asset Value per Share next determined after the investment is received. Without limiting the generality of the foregoing; provided, however, that the Trustees may, in their sole discretion, (a) fix the Net Asset Value per Share of the initial capital contribution, contribution or (b) issue fractional Shares; and provided further, however, that the principal underwriter may, in its sole discretion, impose a sales charge or other charges fee upon investments in the Trust or (c) issue fractional SharesTrust.

Investment in the Trust. The Trustees shall accept investments in any Class from such persons and on such terms as they may from time to time authorize. At the Trustees’ discretion, such investments, subject to applicable law, may be in the form of cash or securities in which the Trust is authorized to invest, valued as provided in Section 7.7 7.4 hereof. Unless the Trustees otherwise determine, investments shall be credited to each Shareholder’s account in the form of full Shares at the Net Asset Value per Share next determined after the investment is received. Without limiting the generality of the foregoing, the Trustees may, in their sole discretion, (a) fix the Net Asset Value per Share of the initial capital contribution, (b) impose sales or other charges upon investments in the Trust or (c) issue fractional Shares.

Investment in the Trust. The Trustees shall accept investments in any Class Series from such persons and on such terms as they may from time to time authorize. At the Trustees’ ' discretion, such investments, subject to applicable law, may be in the form of cash or securities in which the Trust affected Series is authorized to invest, valued as provided in Article IX Section 7.7 hereof9.3. Unless the Trustees otherwise determine, investments Investments in a Series shall be credited to each Shareholder’s 's account in the form of full and fractional Shares at the Net Asset Value net asset value per Share next determined after the investment is received. Without limiting received or accepted as may be determined by the generality of the foregoingTrustees; provided, however, that the Trustees may, in their sole discretion, (a) fix the Net Asset Value per Share of the minimum amounts for initial capital contribution, and subsequent investments or (b) impose a sales or other charges charge upon investments in such manner and at such time determined by the Trust or (c) issue fractional SharesTrustees.

Investment in the Trust. The Trustees shall accept investments in any Class the Trust from such persons and on such terms as they may from time to time authorize. At the Trustees’ discretion, such investments, subject to applicable law, may be in the form of cash or securities in which the Trust is authorized to invest, valued as provided in Section 7.7 7 .3 hereof. Unless the Trustees otherwise determine, investments in the Trust shall be credited to each ShareholderUnitholder’s account in the form of full Shares Units at the Net Asset Value per Share next determined after the investment is received. Without limiting the generality of the foregoing, the Trustees may, in their sole discretion, (a) fix the Net Asset Value per Share of the initial capital contributioninvestment in the Trust , (b) impose sales or other charges upon investments in the Trust or (c) issue fractional SharesUnits.

Investment in the Trust. The Trustees shall accept investments in any Class the Trust from such persons and on such terms as they may from time to time authorize. At the Trustees’ discretion, such investments, subject to applicable law, may be in the form of cash or securities in which the Trust is authorized to invest, valued as provided in Section 7.7 8.3 hereof. Unless the Trustees otherwise determine, investments in the Trust shall be credited to each ShareholderUnitholder’s account in the form of full Shares Units at the Net Asset Value per Share Unit next determined after the investment is received. Without limiting the generality of the foregoing, the Trustees may, in their sole discretion, (a) fix the Net Asset Value per Share Unit of the initial capital contributionCapital Contribution, (b) impose sales or other charges upon investments in the Trust or (c) issue fractional SharesUnits.

Investment in the Trust. The Trustees shall accept investments in any Class Series of the Trust from such persons and on such terms as they may from time to time authorize. At the Trustees’ ' discretion, such investments, subject to applicable law, may be in the form of cash or securities in which the Trust affected Series is authorized to invest, valued as provided in Section 7.7 7.4 hereof. Unless the Trustees otherwise determine, investments in a Series shall be credited to each Shareholder’s 's account in the form of full Shares at the Net Asset Value per Share next determined after the investment is received. Without limiting the generality of the foregoing, the Trustees may, in their sole discretion, (a) fix the Net Asset Value per Share of the initial capital contribution, (b) impose sales or other charges upon investments in the Trust or (c) issue fractional Shares.

Investment in the Trust. The Trustees shall accept investments in any Class Series of the Trust from such persons and on such terms as they may from time to time authorize. At the Trustees’ Trustees discretion, such investments, subject to applicable law, may be in the form of cash or securities in which the Trust affected Series is authorized to invest, valued as provided in Section 7.7 7.4 hereof. Unless the Trustees otherwise determine, investments in a Series shall be credited to each Shareholder’s Shareholder s account in the form of full Shares at the Net Asset Value per Share next determined after the investment is received. Without limiting the generality of the foregoing, the Trustees may, in their sole discretion, (a) fix the Net Asset Value per Share of the initial capital contribution, (b) impose sales or other charges upon investments in the Trust or (c) issue fractional Shares.. 2.10

Investment in the Trust. The Trustees shall accept investments in any Class from such persons and on such terms as they may from time to time authorize. At the Trustees’ discretion, such investments, subject to applicable law, may be in the form of cash or securities in which the Trust is authorized to invest, valued as provided in Section 7.7 9.7 hereof. Unless the Trustees otherwise determine, investments shall be credited to each Shareholder’s account in the form of full Shares at the Net Asset Value per Share next determined after the investment is received. Without limiting the generality of the foregoing, the Trustees may, in their sole discretion, (a) fix the Net Asset Value per Share of the initial capital contribution, (b) impose sales or other charges upon investments in the Trust or (c) issue fractional Shares.

Investment in the Trust. The Trustees shall accept investments in any Class Series of the Trust from such persons Persons and on such terms as they may from time to time authorize. At the Trustees’ sole discretion, such investments, subject to applicable law, may be in the form of cash or securities (or any combination thereof) in which the Trust affected Series is authorized to invest, valued as provided in Article IX, Section 7.7 9.3 hereof. Unless the Trustees otherwise determine, investments Investments in a Series shall be credited to each Shareholder’s account in the form of full or fractional Shares at the Net Asset Value per Share next determined after the investment is received. Without limiting the generality of the foregoing; provided, however, that the Trustees may, in their sole discretion, (a) fix the Net Asset Value per Share of the initial capital contribution, (b) impose sales or other charges upon investments in the Trust or (c) issue fractional Shares.contribution and/or

Investment in the Trust. The Trustees shall accept investments in any Class Series from such persons and on such terms as they may from time to time authorize. At the Trustees’ ' discretion, such investments, subject to applicable law, may be in the form of cash or securities in which the Trust affected Series is authorized to invest, valued as provided in Article IX, Section 7.7 hereof9.3. Unless the Trustees otherwise determine, investments Investments in a Series shall be credited to each Shareholder’s 's account in the form of full and fractional Shares at the Net Asset Value net asset value per Share next determined after the investment is received. Without limiting received or accepted as may be determined by the generality of the foregoingTrustees; provided, however, that the Trustees may, in their sole discretion, (a) fix the Net Asset Value per Share of the minimum amounts for initial capital contribution, and subsequent investments or (b) impose a sales or other charges charge upon investments in such manner and at such time determined by the Trust or (c) issue fractional SharesTrustees.

Investment in the Trust. The Trustees shall may accept investments in any Class Series of the Trust from such persons persons, at such times, and on such terms as they may from time to time authorize. At the Trustees’ Trustees discretion, such investments, subject to applicable law, may be in the form of cash or securities in which the Trust affected Series is authorized to invest, valued as provided in Article IX, Section 7.7 9.3 hereof. Unless the Trustees otherwise determine, investments Investments in a Series shall be credited to each Shareholder’s Shareholders account in the form of full Shares at the Net Asset Value per Share next determined after the investment is received. Without limiting the generality of the foregoing; provided, however, that the Trustees may, in their sole discretion, (a) fix the Net Asset Value per Share of the initial capital contribution, contribution or (b) issue fractional Shares; and provided further, however, that the principal underwriter may, in its sole discretion, impose a sales charge or other charges fee upon investments in the Trust or (c) issue fractional SharesTrust.

Investment in the Trust. The Trustees shall accept investments in any Class from such persons and on such terms as they may from time to time authorize. At the Trustees’ Trustees discretion, such investments, subject to applicable law, may be in the form of cash or securities in which the Trust is authorized to invest, valued as provided in Section 7.7 hereof. Unless the Trustees otherwise determine, investments shall be credited to each Shareholder’s Shareholders account in the form of full Shares at the Net Asset Value per Share next determined after the investment is received. Without limiting the generality of the foregoing, the Trustees may, in their sole discretion, (a) fix the Net Asset Value per Share of the initial capital contribution, (b) impose sales or other charges upon investments in the Trust or (c) issue fractional Shares.

Investment in the Trust. The Trustees shall accept investments in any Class from such persons and on such terms as they may from time to time authorize. At the Trustees’ ' discretion, such investments, subject to applicable law, may be in the form of cash or securities in which the Trust is authorized to invest, valued as provided in Section 7.7 hereof. Unless the Trustees otherwise determine, investments shall be credited to each Shareholder’s 's account in the form of full Shares at the Net Asset Value per Share next determined after the investment is received. Without limiting the generality of the foregoing, the Trustees may, in their sole discretion, (a) fix the Net Asset Value per Share of the initial capital contribution, (b) impose sales or other charges upon investments in the Trust or (c) issue fractional Shares.