Common use of Selection of Brokers and Dealers Clause in Contracts

Selection of Brokers and Dealers. To the extent permitted by the policy ________________________________ guidelines set forth in the Trust's current Prospectus and SAI, in the selection of brokers and dealers to execute portfolio transactions, TIA is authorized to consider not only the available prices and rates of brokerage commissions, but also other relevant factors, which may include, without limitation: the execution capabilities of the brokers and dealers; the research, custody, and other services provided by the brokers and dealers that TIA believes will enhance its general portfolio management capabilities; the size of the transaction; the difficulty of execution; the operational facilities of these brokers and dealers; the risk to a broker or dealer of positioning a block of securities; and the overall quality of brokerage and research services provided by the brokers and dealers. In connection with the foregoing, TIA is specifically authorized to pay those brokers and dealers who provide brokerage and research services to TIA a higher commission than that charged by other brokers and dealers if TIA determines in good faith that the amount of the commission is reasonable in relation to the value of the services in terms of either the particular transaction or in terms of TIA's overall responsibilities with respect to the Portfolio and to any other client accounts or portfolios that TIA advises. The execution of such transactions shall not be considered to represent an unlawful breach of any duty created by this Agreement or otherwise.

Selection of Brokers and Dealers. To the extent permitted by the policy ________________________________ guidelines set forth in the Trust's current Prospectus and SAI, in the selection of brokers and dealers to execute portfolio transactions, TIA is authorized to consider not only the available prices and rates of brokerage commissions, but also other relevant factors, which may include, without limitation: the execution capabilities of the brokers and dealers; the research, custody, and other services provided by the brokers and dealers that TIA believes will enhance its general portfolio management capabilities; the size of the transaction; the difficulty of execution; the operational facilities of these brokers and dealers; the risk to a broker or dealer of positioning a block of securities; and the overall quality of brokerage and research services provided by the brokers and dealers. In connection with the foregoing, TIA is specifically authorized to pay those brokers and dealers who provide brokerage and research services to TIA a higher commission than that charged by other brokers and dealers if TIA determines in good faith that the amount of the commission is reasonable in relation to the value of the services in terms of either the particular transaction or in terms of TIA's overall responsibilities with respect to the Portfolio and to any other client accounts or portfolios that TIA advises. The execution of such transactions shall not be considered to represent an unlawful breach of any duty created by this Agreement or otherwise.