Common use of Shareholder Reports, Prospectuses, and Other Documents; Solicitation of Proxies Clause in Contracts

Shareholder Reports, Prospectuses, and Other Documents; Solicitation of Proxies. The Trust Entity shall timely deliver to each Client-shareholder all reports, prospectuses, and other documents provided to it by the Funds or the Fund Agent as is required by applicable law and the Trust Entity Agreement with the Client-shareholder, provided that the Trust Entity has timely received sufficient copies of such reports and/or documents. The Trust Entity will cover the cost of delivering these materials to the Client-Shareholders. The Fund Agent and the Trust Entity shall cooperate with each other in the solicitation and voting of proxies on behalf of the Funds according to the Trust Entity’s fiduciary responsibility as written in the trust agreement or as required by state law or federal regulation.