Common use of SEGREGATED ASSETS Clause in Contracts

SEGREGATED ASSETS. Certain Transactions (e.g., when-issued securities, delayed delivery transactions, and reverse repurchase agreements) require the Trust to segregate liquid assets sufficient to cover the future liability involved in these transactions. The Trust’s investment advisor will instruct the Custodian to segregate those assets on the Custodian’s books. The Custodian need not physically segregate the assets. The Custodian may note on its books that the selected assets are “segregated.” The investment advisor will review the value of the segregated assets and will instruct the Custodian to place additional assets in the segregated asset status if the value of the assets falls below the commitment value of the Trust. The Custodian will provide Internet report access to authorized representatives of the advisor and the advisor will review the Custodian’s report for compliance.

SEGREGATED ASSETS. Certain Trust Transactions (e.g., when-issued securities, delayed delivery transactions, and reverse repurchase agreements) require the Trust to segregate liquid assets sufficient to cover the future liability involved in these transactions. The Trust’s investment advisor Investment Advisor will instruct the Custodian to segregate those assets on the Custodian’s books. The Custodian need not physically segregate the assets. The Custodian may note on its books that the selected assets are “segregated.” ”. The investment advisor Advisor will review the value of the segregated assets and will instruct the Custodian to place additional assets in the segregated asset Segregated Asset status if the value of the assets falls below the commitment value of the Trust. The Custodian will provide Internet report access to authorized representatives of the advisor and the advisor Advisor. The Advisor will review the Custodian’s report for compliance.

SEGREGATED ASSETS. Certain Fund Transactions (e.g., when-issued securities, delayed delivery transactions, and reverse repurchase agreements) require the Trust Fund to segregate liquid assets sufficient to cover the future liability involved in these transactions. The TrustFund’s investment advisor Investment Advisor will instruct the Custodian to segregate those assets on the Custodian’s books. The Custodian need not physically segregate the assets. The Custodian may note on its books that the selected assets are “segregated.” The investment advisor Investment Advisor will review the value of the segregated assets and will instruct the Custodian to place additional assets sassets in the segregated asset Segregated Asset status if the value of the assets falls below the commitment value of the TrustFund. The Custodian will provide Internet internet report access to authorized representatives of the advisor and the advisor Investment Advisor. The Investment Advisor will review the Custodian’s report for compliance.