Common use of Safekeeping of Fund Assets Clause in Contracts

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc delivered to the Custodian or its Subcustodians. The Custodian is hereby authorized to hold with itself or its Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian or its Subcustodians; or (c) the safekeeping of Oil Interests and Oil Forward Contracts (each as defined in the Fund’s prospectus). The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian or its Subcustodians. The Custodian is hereby authorized to hold with itself or its Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph paragreaph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian or its Subcustodians; or (c) the safekeeping of Gasoline Interests and Gasoline Forward Contracts (each as defined in the Fund’s prospectus). The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The he Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian Custodian, or its Subcustodians; or (c) for assets to hold pursuant to Section 5.6 hereof. The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The Custodian shall not be 5 6 responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian Custodian, or its Subcustodians; or (c) for assets to hold pursuant to Section 5.6 hereof. The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian or its Subcustodians; or (c) the safekeeping of Heating Oil Interests and Heating Oil Forward Contracts (each as defined in the Fund’s prospectus). The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian or its Subcustodians; or (c) the safekeeping of Natural Gas Interests and Natural Gas Forward Contracts (each as defined in the Fund’s Prospectus). The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian Custodian, or its Subcustodians; or (c) the safekeeping of Oil Interests and Oil Forward Contracts. The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian or its Subcustodians; or (c) the safekeeping of Commodity Interests and Futures Contracts (each as defined in the Fund’s prospectus). The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian or its Subcustodians. The Custodian is hereby authorized to hold with itself or its Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian or its Subcustodians; or (c) the safekeeping of Natural Gas Interests and Natural Gas Forward Contracts (each as defined in the Fund’s prospectus). The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian or its Subcustodians; or (c) the safekeeping of Xxxxx Oil Interests and Xxxxx Oil Forward Contracts (each as defined in the Fund’s prospectus). The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The he Custodian shall 5 not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian Custodian, or its Subcustodians; or (c) for assets to hold pursuant to Section 5.6 hereof. The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, except that the holding of confirmation statements from Ivy Mackenzie Service Corp. in each case through no fault or neglect axxxxxxxxx xxth Section 5.1.1 hereof that identify uncertificated shares of the Custodian or ant series of its SubcustodiansIvy Fund as being recorded in the Custodian's name on behalf of the Fund will be deemed custody for the purposes hereof; or or, (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian Custodian, or its Subcustodians. The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject The Fund shall receive periodic reports with respect to paragraph 5.1the safekeeping of the Fund's assets, including, but not limited to, notification of any transfer to or from the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held Fund's account or an account maintained by the Subcustodian generally for the account non-proprietary assets of one Fund with those held for the account of another FundCustodian.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant any of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian or its Subcustodians. The Custodian is hereby authorized to hold with itself or its Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, provided, in each case through no fault case, such failure of the Investments to be so delivered or neglect issued is not caused by the negligence, bad faith, willful misconduct or breach of the standard of care of the Custodian or ant any of its Subcustodians; or or, (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian or its Subcustodians. The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate actionaction or income event. The Custodian shall hold Investments for the account of the Trust Fund (and for the Fundsapplicable Portfolio) and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, except that the holding of confirmation statements from Ivy Mackenzie Service Corp. in each case through no fault or neglect accorxxxxx xxxx Xection 5.1.1 hereof that identify uncertificated shares of the Custodian or ant series of its SubcustodiansIvy Fund as being recorded in the Custodian's name on behalf of the Fund will be deemed custody for the purposes hereof; or or, (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian Custodian, or its Subcustodians. The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject The Fund shall receive periodic reports with respect to paragraph 5.1the safekeeping of the Fund's assets, including, but not limited to, notification of any transfer to or from the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held Fund's account or an account maintained by the Subcustodian generally for the account non-proprietary assets of one Fund with those held for the account of another Fund.Custodian. 5.1

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: (a) the safekeeping of Investments not delivered or that are arc not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc delivered to the Custodian or its Subcustodians. The Custodian is hereby authorized to hold with itself or its Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian or its Subcustodians; or (c) the safekeeping of Currency Interests and Futures Contracts (each as defined in the Fund’s prospectus). The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians; or, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian or its Subcustodians. The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate actionaction or income event. The Custodian shall hold Investments for the account of the Trust (and the Funds) each Portfolio separately and shall segregate Investments on a Portfolio by Portfolio basis on its books and records (in a manner that clearly identifies the assets as belonging to the applicable Portfolio) from assets belonging to other Portfolios, or the Custodian or any other customer and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a Fund the Trust in accordance with the provisions of this Section. The Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians; or, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian or its SubcustodiansSubcustodians provided that in the case of clause (b) the Custodian shall promptly notify the Trust of any such pre-existing fault or defect of which it has actual knowledge. The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate actionaction or income event. The Custodian shall hold Investments for the account of the Trust (and the Funds) Funds and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the each relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.

Safekeeping of Fund Assets. The Custodian shall hold Investments delivered to it or its Subcustodians for a the Fund in accordance with the provisions of this Section. The Custodian shall not be responsible for: for (a) the safekeeping of Investments not delivered or that are not caused to be issued to it or its Subcustodians, in each case through no fault or neglect of the Custodian or ant of its Subcustodians; or (b) pre-existing faults or defects in Investments that arc are delivered to the Custodian Custodian, or its Subcustodians; or (c) for assets to hold pursuant to Section 5.6 hereof. The Custodian is hereby authorized to hold with itself or its a Subcustodian, and to record in one or more accounts, all Investments delivered to and accepted by the Custodian, any Subcustodian or their respective agents pursuant to an Instruction or in consequence of any corporate action. The Custodian shall hold Investments for the account of the Trust (and the Funds) Fund and shall segregate Investments from assets belonging to the Custodian and shall cause its Subcustodians to segregate Investments from assets belonging to the Subcustodian in an account held for the Trust (and for the relevant Fund) Fund or in an account maintained by the Subcustodian generally for non-proprietary assets of the Custodian. Subject to paragraph 5.1, the Custodian shall not, and shall procure that its Subcustodians do not, commingle any assets held for the account of one Fund with those held for the account of another Fund.