Common use of Management Fee and Expenses to be Paid First Out of Interest Income Clause in Contracts

Management Fee and Expenses to be Paid First Out of Interest Income. The Management Fee (as defined below) and the brokerage commissions and fees of the Trust are paid first out of interest income from the Trust’s holdings of U.S. Treasury bills and other high credit quality short-term fixed income securities on deposit with the Commodity Broker as margin or otherwise. To the extent interest income is not sufficient to cover such fees and expenses of the Trust during any period, the excess of such fees and expenses over such interest income will be paid out of income from futures trading, if any, or from sales of the Trust’s fixed income securities.