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ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 336.82 Td (17) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 324.82 Td (19) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 312.82 Td (19) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 300.82 Td (19) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 288.82 Td (19) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 276.82 Td (19) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 264.82 Td (19) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 252.82 Td (20) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 240.82 Td (20) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 228.82 Td (21) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 216.82 Td (22) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 204.82 Td (22) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 192.82 Td (27) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 180.82 Td (28) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 168.82 Td (28) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.00 156.82 Td (33) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 46.60 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 742.25 Td (G) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.78 742.25 Td (ENERAL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.29 742.25 Td ( I) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 94.68 742.25 Td (NFORMA) Tj ET Q q 0 0 0 rg BT 134.50 742.25 Td (TION ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 159.76 742.25 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 166.98 742.25 Td (BOUT) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.48 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 194.80 742.25 Td (T) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 201.47 742.25 Td (HE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.48 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 216.80 742.25 Td (T) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 223.47 742.25 Td (RUST) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 724.25 Td (The ) Tj ET Q q 0 0 0 rg BT 61.16 724.25 Td (T) Tj ET Q q 0 0 0 rg BT 66.92 724.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 84.74 724.25 Td (is ) Tj ET Q q 0 0 0 rg BT 94.23 724.25 Td (an ) Tj ET Q q 0 0 0 rg BT 106.49 724.25 Td (open-end ) Tj ET Q q 0 0 0 rg BT 146.51 724.25 Td (management ) Tj ET Q q 0 0 0 rg BT 200.42 724.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 247.13 724.25 Td (company ) Tj ET Q q 0 0 0 rg BT 286.60 724.25 Td (consisting ) Tj ET Q q 0 0 0 rg BT 329.98 724.25 Td (of ) Tj ET Q q 0 0 0 rg BT 341.13 724.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 377.28 724.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 423.98 724.25 Td (series. ) Tj ET Q q 0 0 0 rg BT 451.86 724.25 Td (This ) Tj ET Q q 0 0 0 rg BT 472.46 724.25 Td (SAI ) Tj ET Q q 0 0 0 rg BT 491.39 724.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 520.31 724.25 Td (to ) Tj ET Q q 0 0 0 rg BT 530.91 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.94 724.25 Td (Fund. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 712.25 Td (The ) Tj ET Q q 0 0 0 rg BT 61.71 712.25 Td (T) Tj ET Q q 0 0 0 rg BT 67.47 712.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 85.88 712.25 Td (was ) Tj ET Q q 0 0 0 rg BT 104.85 712.25 Td (or) Tj ET Q q 0 0 0 rg BT 112.99 712.25 Td (ganized ) Tj ET Q q 0 0 0 rg BT 147.50 712.25 Td (as ) Tj ET Q q 0 0 0 rg BT 159.24 712.25 Td (a ) Tj ET Q q 0 0 0 rg BT 167.09 712.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 208.81 712.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 247.22 712.25 Td (trust ) Tj ET Q q 0 0 0 rg BT 268.41 712.25 Td (on ) Tj ET Q q 0 0 0 rg BT 281.82 712.25 Td (February ) Tj ET Q q 0 0 0 rg BT 321.33 712.25 Td (9, ) Tj ET Q q 0 0 0 rg BT 332.24 712.25 Td (2012. ) Tj ET Q q 0 0 0 rg BT 357.91 712.25 Td (The ) Tj ET Q q 0 0 0 rg BT 376.62 712.25 Td (T) Tj ET Q q 0 0 0 rg BT 382.38 712.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 400.79 712.25 Td (is ) Tj ET Q q 0 0 0 rg BT 410.87 712.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 453.71 712.25 Td (with ) Tj ET Q q 0 0 0 rg BT 474.90 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.53 712.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 511.72 712.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 554.57 712.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 700.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 85.39 700.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 138.92 700.25 Td (\(SEC\) ) Tj ET Q q 0 0 0 rg BT 175.76 700.25 Td (under ) Tj ET Q q 0 0 0 rg BT 201.49 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.67 700.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 264.07 700.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 305.27 700.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 322.67 700.25 Td (of ) Tj ET Q q 0 0 0 rg BT 333.96 700.25 Td (1940, ) Tj ET Q q 0 0 0 rg BT 359.43 700.25 Td (as ) Tj ET Q q 0 0 0 rg BT 370.72 700.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 409.78 700.25 Td (\(together ) Tj ET Q q 0 0 0 rg BT 448.83 700.25 Td (with ) Tj ET Q q 0 0 0 rg BT 469.58 700.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.76 700.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 507.16 700.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.56 700.25 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 688.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 77.36 688.25 Td (thereunder) Tj ET Q q 0 0 0 rg BT 119.72 688.25 Td (, ) Tj ET Q q 0 0 0 rg BT 124.93 688.25 Td (as ) Tj ET Q q 0 0 0 rg BT 135.97 688.25 Td (amended, ) Tj ET Q q 0 0 0 rg BT 177.27 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.19 688.25 Td (1940 ) Tj ET Q q 0 0 0 rg BT 218.74 688.25 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 246.16 688.25 Td (as ) Tj ET Q q 0 0 0 rg BT 257.20 688.25 Td (an ) Tj ET Q q 0 0 0 rg BT 269.35 688.25 Td (open-end ) Tj ET Q q 0 0 0 rg BT 309.26 688.25 Td (management ) Tj ET Q q 0 0 0 rg BT 363.06 688.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 409.65 688.25 Td (company ) Tj ET Q q 0 0 0 rg BT 449.02 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 466.16 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.09 688.25 Td (of) Tj ET Q q 0 0 0 rg BT 489.24 688.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 515.82 688.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.86 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.79 688.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 565.13 688.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 676.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 69.97 676.25 Td (\(Shares\) ) Tj ET Q q 0 0 0 rg BT 114.15 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 122.80 676.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 164.20 676.25 Td (under ) Tj ET Q q 0 0 0 rg BT 188.95 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.15 676.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 244.12 676.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 260.54 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.85 676.25 Td (1933, ) Tj ET Q q 0 0 0 rg BT 295.33 676.25 Td (as ) Tj ET Q q 0 0 0 rg BT 305.64 676.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 343.72 676.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 361.24 676.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 406.66 676.25 Td (Act\). ) Tj ET Q q 0 0 0 rg BT 433.20 676.25 Td (The ) Tj ET Q q 0 0 0 rg BT 450.58 676.25 Td (T) Tj ET Q q 0 0 0 rg BT 456.34 676.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 473.32 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 481.97 676.25 Td (governed ) Tj ET Q q 0 0 0 rg BT 521.16 676.25 Td (by ) Tj ET Q q 0 0 0 rg BT 533.14 676.25 Td (its ) Tj ET Q q 0 0 0 rg BT 544.57 676.25 Td (Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 53.36 664.25 Td (T) Tj ET Q q 0 0 0 rg BT 59.12 664.25 Td (rustees ) Tj ET Q q 0 0 0 rg BT 89.07 664.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 106.81 664.25 Td (Board\). ) Tj ET Q q 0 0 0 rg BT 148.14 664.25 Td (Beyond ) Tj ET Q q 0 0 0 rg BT 181.44 664.25 Td (Investing ) Tj ET Q q 0 0 0 rg BT 220.84 664.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 241.91 664.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 259.65 664.25 Td (Adviser\) ) Tj ET Q q 0 0 0 rg BT 305.70 664.25 Td (serves ) Tj ET Q q 0 0 0 rg BT 332.88 664.25 Td (as ) Tj ET Q q 0 0 0 rg BT 343.40 664.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 389.47 664.25 Td (adviser ) Tj ET Q q 0 0 0 rg BT 420.53 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 430.50 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.90 664.25 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 470.15 664.25 Td (Beyond ) Tj ET Q q 0 0 0 rg BT 502.96 664.25 Td (Advisors ) Tj ET Q q 0 0 0 rg BT 541.27 664.25 Td (IC ) Tj ET Q q 0 0 0 rg BT 553.45 664.25 Td (\(the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 652.25 Td (Index ) Tj ET Q q 0 0 0 rg BT 72.00 652.25 Td (Provider\) ) Tj ET Q q 0 0 0 rg BT 116.00 652.25 Td (is ) Tj ET Q q 0 0 0 rg BT 124.46 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.47 652.25 Td (index ) Tj ET Q q 0 0 0 rg BT 162.48 652.25 Td (provider ) Tj ET Q q 0 0 0 rg BT 198.16 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.73 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.74 652.25 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 246.59 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.82 652.25 Td (Penserra ) Tj ET Q q 0 0 0 rg BT 299.05 652.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 329.72 652.25 Td (Management, ) Tj ET Q q 0 0 0 rg BT 386.22 652.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 406.90 652.25 Td (\(Penserra ) Tj ET Q q 0 0 0 rg BT 455.33 652.25 Td (or ) Tj ET Q q 0 0 0 rg BT 465.45 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.46 652.25 Td (Sub-Adviser\) ) Tj ET Q q 0 0 0 rg BT 544.01 652.25 Td (serves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 640.25 Td (as ) Tj ET Q q 0 0 0 rg BT 53.67 640.25 Td (sub-adviser ) Tj ET Q q 0 0 0 rg BT 102.11 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 112.23 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.79 640.25 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 152.02 640.25 Td (The ) Tj ET Q q 0 0 0 rg BT 169.90 640.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 216.13 640.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 255.12 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.79 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.35 640.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 303.25 640.25 Td (is ) Tj ET Q q 0 0 0 rg BT 312.26 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.38 640.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 342.48 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 352.60 640.25 Td (track ) Tj ET Q q 0 0 0 rg BT 374.93 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.49 640.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 444.85 640.25 Td (before ) Tj ET Q q 0 0 0 rg BT 472.73 640.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 491.17 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 507.94 640.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 548.88 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 559.55 640.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 628.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 88.83 628.25 Td (Index. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 610.25 Td (The ) Tj ET Q q 0 0 0 rg BT 61.61 610.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 85.23 610.25 Td (of) Tj ET Q q 0 0 0 rg BT 93.38 610.25 Td (fers ) Tj ET Q q 0 0 0 rg BT 111.44 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.94 610.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 155.89 610.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 185.62 610.25 Td (at ) Tj ET Q q 0 0 0 rg BT 195.90 610.25 Td (their ) Tj ET Q q 0 0 0 rg BT 217.28 610.25 Td (net ) Tj ET Q q 0 0 0 rg BT 232.56 610.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 255.07 610.25 Td (value ) Tj ET Q q 0 0 0 rg BT 279.78 610.25 Td (\(NA) Tj ET Q q 0 0 0 rg BT 300.71 610.25 Td (V\) ) Tj ET Q q 0 0 0 rg BT 318.76 610.25 Td (only ) Tj ET Q q 0 0 0 rg BT 339.60 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.44 610.25 Td (aggregations ) Tj ET Q q 0 0 0 rg BT 404.60 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 415.99 610.25 Td (a ) Tj ET Q q 0 0 0 rg BT 423.49 610.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 462.65 610.25 Td (number ) Tj ET Q q 0 0 0 rg BT 496.26 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 507.65 610.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 537.38 610.25 Td (\(each, ) Tj ET Q q 0 0 0 rg BT 564.58 610.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 598.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 84.43 598.25 Td (Unit\). ) Tj ET Q q 0 0 0 rg BT 114.86 598.25 Td (The ) Tj ET Q q 0 0 0 rg BT 132.97 598.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 156.09 598.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 195.86 598.25 Td (of) Tj ET Q q 0 0 0 rg BT 204.01 598.25 Td (fers ) Tj ET Q q 0 0 0 rg BT 221.56 598.25 Td (and ) Tj ET Q q 0 0 0 rg BT 238.56 598.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 265.01 598.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 294.24 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 304.58 598.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 344.89 598.25 Td (for ) Tj ET Q q 0 0 0 rg BT 359.12 598.25 Td (a ) Tj ET Q q 0 0 0 rg BT 366.12 598.25 Td (basket ) Tj ET Q q 0 0 0 rg BT 394.23 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.12 598.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 445.45 598.25 Td (included ) Tj ET Q q 0 0 0 rg BT 482.44 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 492.78 598.25 Td (its ) Tj ET Q q 0 0 0 rg BT 504.79 598.25 Td (Index ) Tj ET Q q 0 0 0 rg BT 530.12 598.25 Td (\(Deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 586.25 Td (Securities\) ) Tj ET Q q 0 0 0 rg BT 93.33 586.25 Td (together ) Tj ET Q q 0 0 0 rg BT 129.23 586.25 Td (with ) Tj ET Q q 0 0 0 rg BT 150.13 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.48 586.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 197.50 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 208.96 586.25 Td (a ) Tj ET Q q 0 0 0 rg BT 216.53 586.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 255.75 586.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 276.65 586.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 314.21 586.25 Td (\(Cash ) Tj ET Q q 0 0 0 rg BT 345.11 586.25 Td (Component\). ) Tj ET Q q 0 0 0 rg BT 404.95 586.25 Td (The ) Tj ET Q q 0 0 0 rg BT 423.40 586.25 Td (T) Tj ET Q q 0 0 0 rg BT 429.15 586.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 447.28 586.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 483.17 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.52 586.25 Td (right ) Tj ET Q q 0 0 0 rg BT 520.54 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 531.44 586.25 Td (permit ) Tj ET Q q 0 0 0 rg BT 560.68 586.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 574.25 Td (require ) Tj ET Q q 0 0 0 rg BT 72.98 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.87 574.25 Td (substitution ) Tj ET Q q 0 0 0 rg BT 135.21 574.25 Td (of ) Tj ET Q q 0 0 0 rg BT 145.21 574.25 Td (a ) Tj ET Q q 0 0 0 rg BT 151.32 574.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 175.20 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 184.64 574.25 Td (lieu ) Tj ET Q q 0 0 0 rg BT 205.75 574.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 237.41 574.25 Td (\(Deposit ) Tj ET Q q 0 0 0 rg BT 277.96 574.25 Td (Cash\) ) Tj ET Q q 0 0 0 rg BT 307.39 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.84 574.25 Td (be ) Tj ET Q q 0 0 0 rg BT 327.95 574.25 Td (added ) Tj ET Q q 0 0 0 rg BT 353.49 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 362.94 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.83 574.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 398.50 574.25 Td (Component ) Tj ET Q q 0 0 0 rg BT 446.83 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.28 574.25 Td (replace ) Tj ET Q q 0 0 0 rg BT 486.81 574.25 Td (any ) Tj ET Q q 0 0 0 rg BT 502.92 574.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 535.69 574.25 Td (Security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 562.25 Td (or ) Tj ET Q q 0 0 0 rg BT 53.05 562.25 Td (other ) Tj ET Q q 0 0 0 rg BT 75.32 562.25 Td (instrument ) Tj ET Q q 0 0 0 rg BT 119.82 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 129.32 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.26 562.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 166.60 562.25 Td (s ) Tj ET Q q 0 0 0 rg BT 172.21 562.25 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 211.43 562.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 239.81 562.25 Td (are ) Tj ET Q q 0 0 0 rg BT 253.74 562.25 Td (or ) Tj ET Q q 0 0 0 rg BT 263.80 562.25 Td (will ) Tj ET Q q 0 0 0 rg BT 281.08 562.25 Td (be ) Tj ET Q q 0 0 0 rg BT 292.24 562.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 315.62 562.25 Td (on ) Tj ET Q q 0 0 0 rg BT 327.35 562.25 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 354.80 562.25 Td (Arca, ) Tj ET Q q 0 0 0 rg BT 378.45 562.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 395.44 562.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 412.71 562.25 Td (Exchange\) ) Tj ET Q q 0 0 0 rg BT 466.07 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.23 562.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 503.94 562.25 Td (on ) Tj ET Q q 0 0 0 rg BT 515.66 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.60 562.25 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 550.25 Td (at ) Tj ET Q q 0 0 0 rg BT 52.67 550.25 Td (market ) Tj ET Q q 0 0 0 rg BT 82.89 550.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 109.23 550.25 Td (that ) Tj ET Q q 0 0 0 rg BT 126.68 550.25 Td (may ) Tj ET Q q 0 0 0 rg BT 146.35 550.25 Td (dif) Tj ET Q q 0 0 0 rg BT 157.28 550.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 170.83 550.25 Td (from ) Tj ET Q q 0 0 0 rg BT 192.73 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.40 550.25 Td (Shares) Tj ET Q q 0 0 0 rg BT 236.65 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 239.10 550.25 Td (NA) Tj ET Q q 0 0 0 rg BT 252.26 550.25 Td (V) Tj ET Q q 0 0 0 rg BT 258.19 550.25 Td (. ) Tj ET Q q 0 0 0 rg BT 263.15 550.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 292.26 550.25 Td (are ) Tj ET Q q 0 0 0 rg BT 306.93 550.25 Td (also ) Tj ET Q q 0 0 0 rg BT 325.49 550.25 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 374.03 550.25 Td (only ) Tj ET Q q 0 0 0 rg BT 394.26 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 404.49 550.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 441.38 550.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 461.62 550.25 Td (aggregations, ) Tj ET Q q 0 0 0 rg BT 517.67 550.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 557.34 550.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 50.43 538.25 Td (basket ) Tj ET Q q 0 0 0 rg BT 78.97 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.29 538.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 124.39 538.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 166.81 538.25 Td (together ) Tj ET Q q 0 0 0 rg BT 202.57 538.25 Td (with ) Tj ET Q q 0 0 0 rg BT 223.33 538.25 Td (a ) Tj ET Q q 0 0 0 rg BT 230.76 538.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 253.75 538.25 Td (Component. ) Tj ET Q q 0 0 0 rg BT 305.25 538.25 Td (A) Tj ET Q q 0 0 0 rg BT 311.92 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 314.91 538.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 352.33 538.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 373.10 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.42 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.63 538.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 423.18 538.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 463.38 538.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 498.04 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.36 538.25 Td (25,000 ) Tj ET Q q 0 0 0 rg BT 539.85 538.25 Td (Shares, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 526.25 Td (though ) Tj ET Q q 0 0 0 rg BT 73.80 526.25 Td (this ) Tj ET Q q 0 0 0 rg BT 91.28 526.25 Td (may ) Tj ET Q q 0 0 0 rg BT 111.52 526.25 Td (change ) Tj ET Q q 0 0 0 rg BT 142.86 526.25 Td (from ) Tj ET Q q 0 0 0 rg BT 165.32 526.25 Td (time ) Tj ET Q q 0 0 0 rg BT 186.12 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.92 526.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 220.22 526.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 257.68 526.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 282.38 526.25 Td (are ) Tj ET Q q 0 0 0 rg BT 297.61 526.25 Td (not ) Tj ET Q q 0 0 0 rg BT 313.41 526.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 351.97 526.25 Td (to ) Tj ET Q q 0 0 0 rg BT 362.77 526.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 393.57 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.93 526.25 Td (fewer ) Tj ET Q q 0 0 0 rg BT 430.71 526.25 Td (than ) Tj ET Q q 0 0 0 rg BT 450.95 526.25 Td (25,000 ) Tj ET Q q 0 0 0 rg BT 481.48 526.25 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 513.00 526.25 Td (As ) Tj ET Q q 0 0 0 rg BT 527.13 526.25 Td (a ) Tj ET Q q 0 0 0 rg BT 534.60 526.25 Td (practical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 514.25 Td (matter) Tj ET Q q 0 0 0 rg BT 68.14 514.25 Td (, ) Tj ET Q q 0 0 0 rg BT 72.95 514.25 Td (only ) Tj ET Q q 0 0 0 rg BT 93.03 514.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 139.78 514.25 Td (or ) Tj ET Q q 0 0 0 rg BT 150.42 514.25 Td (lar) Tj ET Q q 0 0 0 rg BT 160.78 514.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 172.53 514.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 210.94 514.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 248.78 514.25 Td (or ) Tj ET Q q 0 0 0 rg BT 259.41 514.25 Td (redeem ) Tj ET Q q 0 0 0 rg BT 291.14 514.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 327.88 514.25 Td (Units. ) Tj ET Q q 0 0 0 rg BT 354.35 514.25 Td (Except ) Tj ET Q q 0 0 0 rg BT 384.42 514.25 Td (when ) Tj ET Q q 0 0 0 rg BT 408.38 514.25 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 454.55 514.25 Td (in ) Tj ET Q q 0 0 0 rg BT 464.63 514.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 501.37 514.25 Td (Units, ) Tj ET Q q 0 0 0 rg BT 527.84 514.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 556.81 514.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 502.25 Td (not ) Tj ET Q q 0 0 0 rg BT 58.28 502.25 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 106.86 502.25 Td (securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 484.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 72.28 484.25 Td (may ) Tj ET Q q 0 0 0 rg BT 92.11 484.25 Td (be ) Tj ET Q q 0 0 0 rg BT 104.17 484.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 131.79 484.25 Td (in ) Tj ET Q q 0 0 0 rg BT 142.19 484.25 Td (advance ) Tj ET Q q 0 0 0 rg BT 177.56 484.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.51 484.25 Td (receipt ) Tj ET Q q 0 0 0 rg BT 218.33 484.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.28 484.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 263.00 484.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 305.06 484.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 336.00 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 346.40 484.25 Td (various ) Tj ET Q q 0 0 0 rg BT 378.46 484.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 425.24 484.25 Td (including ) Tj ET Q q 0 0 0 rg BT 465.63 484.25 Td (a ) Tj ET Q q 0 0 0 rg BT 472.69 484.25 Td (requirement ) Tj ET Q q 0 0 0 rg BT 523.62 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 534.01 484.25 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 472.25 Td (on ) Tj ET Q q 0 0 0 rg BT 55.77 472.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 87.42 472.25 Td (with ) Tj ET Q q 0 0 0 rg BT 107.97 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.75 472.25 Td (T) Tj ET Q q 0 0 0 rg BT 128.51 472.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 146.28 472.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 166.81 472.25 Td (at ) Tj ET Q q 0 0 0 rg BT 176.80 472.25 Td (least ) Tj ET Q q 0 0 0 rg BT 197.89 472.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 222.31 472.25 Td (to ) Tj ET Q q 0 0 0 rg BT 232.86 472.25 Td (a ) Tj ET Q q 0 0 0 rg BT 240.06 472.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 278.93 472.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 324.99 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.09 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.08 472.25 Td (value ) Tj ET Q q 0 0 0 rg BT 375.50 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 386.60 472.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.58 472.25 Td (missing ) Tj ET Q q 0 0 0 rg BT 435.47 472.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 469.34 472.25 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 514.04 472.25 Td (as ) Tj ET Q q 0 0 0 rg BT 525.14 472.25 Td (set ) Tj ET Q q 0 0 0 rg BT 539.02 472.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 561.22 472.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 57.80 460.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 103.14 460.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 150.14 460.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 164.39 460.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 196.96 460.25 Td (below\). ) Tj ET Q q 0 0 0 rg BT 229.62 460.25 Td (The ) Tj ET Q q 0 0 0 rg BT 247.57 460.25 Td (T) Tj ET Q q 0 0 0 rg BT 253.33 460.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 270.91 460.25 Td (may ) Tj ET Q q 0 0 0 rg BT 290.71 460.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 322.18 460.25 Td (a ) Tj ET Q q 0 0 0 rg BT 329.21 460.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 375.66 460.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 390.45 460.25 Td (for ) Tj ET Q q 0 0 0 rg BT 404.70 460.25 Td (each ) Tj ET Q q 0 0 0 rg BT 425.60 460.25 Td (creation ) Tj ET Q q 0 0 0 rg BT 460.38 460.25 Td (or ) Tj ET Q q 0 0 0 rg BT 471.30 460.25 Td (redemption. ) Tj ET Q q 0 0 0 rg BT 521.93 460.25 Td (In ) Tj ET Q q 0 0 0 rg BT 532.84 460.25 Td (all ) Tj ET Q q 0 0 0 rg BT 545.42 460.25 Td (cases, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 448.25 Td (such ) Tj ET Q q 0 0 0 rg BT 63.87 448.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 82.52 448.25 Td (will ) Tj ET Q q 0 0 0 rg BT 100.62 448.25 Td (be ) Tj ET Q q 0 0 0 rg BT 112.60 448.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 143.47 448.25 Td (in ) Tj ET Q q 0 0 0 rg BT 153.80 448.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 201.30 448.25 Td (with ) Tj ET Q q 0 0 0 rg BT 221.62 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.38 448.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 291.13 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.00 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.76 448.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 337.65 448.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 381.28 448.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.60 448.25 Td (management ) Tj ET Q q 0 0 0 rg BT 445.24 448.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 491.66 448.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 536.97 448.25 Td (of) Tj ET Q q 0 0 0 rg BT 545.12 448.25 Td (fering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 436.25 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 90.97 436.25 Td (securities. ) Tj ET Q q 0 0 0 rg BT 132.70 436.25 Td (As ) Tj ET Q q 0 0 0 rg BT 145.71 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 155.37 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.48 436.25 Td (case ) Tj ET Q q 0 0 0 rg BT 188.57 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.79 436.25 Td (other ) Tj ET Q q 0 0 0 rg BT 221.23 436.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 255.89 436.25 Td (traded ) Tj ET Q q 0 0 0 rg BT 282.76 436.25 Td (securities, ) Tj ET Q q 0 0 0 rg BT 324.92 436.25 Td (brokers) Tj ET Q q 0 0 0 rg BT 357.49 436.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.38 436.25 Td (commissions ) Tj ET Q q 0 0 0 rg BT 413.50 436.25 Td (on ) Tj ET Q q 0 0 0 rg BT 425.39 436.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 475.04 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 484.71 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.81 436.25 Td (secondary ) Tj ET Q q 0 0 0 rg BT 541.24 436.25 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 424.25 Td (will ) Tj ET Q q 0 0 0 rg BT 61.06 424.25 Td (be ) Tj ET Q q 0 0 0 rg BT 73.00 424.25 Td (based ) Tj ET Q q 0 0 0 rg BT 98.26 424.25 Td (on ) Tj ET Q q 0 0 0 rg BT 110.76 424.25 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 154.91 424.25 Td (commission ) Tj ET Q q 0 0 0 rg BT 205.75 424.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 227.13 424.25 Td (at ) Tj ET Q q 0 0 0 rg BT 236.84 424.25 Td (customary ) Tj ET Q q 0 0 0 rg BT 281.00 424.25 Td (levels.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 406.25 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.22 406.25 Td (DDITIONAL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.23 406.25 Td ( I) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 108.62 406.25 Td (NFORMA) Tj ET Q q 0 0 0 rg BT 148.45 406.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.45 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 173.40 406.25 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 180.62 406.25 Td (BOUT) Tj ET Q q 0 0 0 rg BT 205.96 406.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.21 406.25 Td (I) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.11 406.25 Td (NVESTMENT) Tj ET Q q 0 0 0 rg BT 268.95 406.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.20 406.25 Td (O) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.98 406.25 Td (BJECTIVES,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.25 406.25 Td ( P) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 339.86 406.25 Td (OLICIES, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.88 406.25 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 389.10 406.25 Td (ND ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.35 406.25 Td (R) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.57 406.25 Td (ELA) Tj ET Q q 0 0 0 rg BT 429.40 406.25 Td (TED) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.91 406.25 Td ( R) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 457.63 406.25 Td (ISKS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 388.25 Td (The ) Tj ET Q q 0 0 0 rg BT 62.10 388.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 85.44 388.25 Td (s ) Tj ET Q q 0 0 0 rg BT 92.89 388.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 140.33 388.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 180.54 388.25 Td (and ) Tj ET Q q 0 0 0 rg BT 198.53 388.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 237.63 388.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 285.07 388.25 Td (strategies ) Tj ET Q q 0 0 0 rg BT 326.39 388.25 Td (are ) Tj ET Q q 0 0 0 rg BT 342.15 388.25 Td (described ) Tj ET Q q 0 0 0 rg BT 384.02 388.25 Td (in ) Tj ET Q q 0 0 0 rg BT 395.35 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.13 388.25 Td (Prospectus. ) Tj ET Q q 0 0 0 rg BT 460.26 388.25 Td (The ) Tj ET Q q 0 0 0 rg BT 479.36 388.25 Td (following ) Tj ET Q q 0 0 0 rg BT 521.80 388.25 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 376.25 Td (supplements, ) Tj ET Q q 0 0 0 rg BT 99.78 376.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.50 376.25 Td (should ) Tj ET Q q 0 0 0 rg BT 149.45 376.25 Td (be ) Tj ET Q q 0 0 0 rg BT 163.17 376.25 Td (read ) Tj ET Q q 0 0 0 rg BT 184.66 376.25 Td (in ) Tj ET Q q 0 0 0 rg BT 196.71 376.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 248.21 376.25 Td (with, ) Tj ET Q q 0 0 0 rg BT 272.77 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.27 376.25 Td (Prospectus. ) Tj ET Q q 0 0 0 rg BT 339.38 376.25 Td (For ) Tj ET Q q 0 0 0 rg BT 357.55 376.25 Td (a ) Tj ET Q q 0 0 0 rg BT 366.27 376.25 Td (description ) Tj ET Q q 0 0 0 rg BT 414.98 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 427.60 376.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 459.08 376.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 501.68 376.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 556.24 376.25 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 364.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 47.4384765625 362.9169921875 m 197.130859375 362.9169921875 l s q 0 0 0 rg BT 47.44 364.25 Td (Description ) Tj ET Q q 0 0 0 rg BT 96.59 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 107.42 364.25 Td (Permitted ) Tj ET Q q 0 0 0 rg BT 148.81 364.25 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.13 364.25 Td ( ) Tj ET Q q 0 0 0 rg BT 204.07 364.25 Td (in ) Tj ET Q q 0 0 0 rg BT 214.35 364.25 Td (this ) Tj ET Q q 0 0 0 rg BT 231.30 364.25 Td (SAI.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 346.25 Td (W) Tj ET Q q 0 0 0 rg BT 52.04 346.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 65.15 346.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 96.03 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 106.37 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.15 346.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 144.49 346.25 Td (s ) Tj ET Q q 0 0 0 rg BT 150.94 346.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 203.77 346.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 231.33 346.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 272.77 346.25 Td (noted, ) Tj ET Q q 0 0 0 rg BT 300.04 346.25 Td (if ) Tj ET Q q 0 0 0 rg BT 308.71 346.25 Td (a ) Tj ET Q q 0 0 0 rg BT 315.71 346.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 361.57 346.25 Td (limitation ) Tj ET Q q 0 0 0 rg BT 403.02 346.25 Td (on ) Tj ET Q q 0 0 0 rg BT 415.58 346.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 462.02 346.25 Td (is ) Tj ET Q q 0 0 0 rg BT 471.25 346.25 Td (adhered ) Tj ET Q q 0 0 0 rg BT 505.46 346.25 Td (to ) Tj ET Q q 0 0 0 rg BT 515.79 346.25 Td (at ) Tj ET Q q 0 0 0 rg BT 525.57 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.35 346.25 Td (time ) Tj ET Q q 0 0 0 rg BT 560.68 346.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 334.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 89.23 334.25 Td (or ) Tj ET Q q 0 0 0 rg BT 99.90 334.25 Td (contract, ) Tj ET Q q 0 0 0 rg BT 136.95 334.25 Td (a ) Tj ET Q q 0 0 0 rg BT 143.73 334.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 190.52 334.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 225.62 334.25 Td (or ) Tj ET Q q 0 0 0 rg BT 236.29 334.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 273.05 334.25 Td (as ) Tj ET Q q 0 0 0 rg BT 283.73 334.25 Td (a ) Tj ET Q q 0 0 0 rg BT 290.51 334.25 Td (result ) Tj ET Q q 0 0 0 rg BT 315.07 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.75 334.25 Td (market ) Tj ET Q q 0 0 0 rg BT 355.86 334.25 Td (movement ) Tj ET Q q 0 0 0 rg BT 400.41 334.25 Td (or ) Tj ET Q q 0 0 0 rg BT 411.09 334.25 Td (redemption ) Tj ET Q q 0 0 0 rg BT 458.98 334.25 Td (will ) Tj ET Q q 0 0 0 rg BT 476.88 334.25 Td (not ) Tj ET Q q 0 0 0 rg BT 492.00 334.25 Td (result ) Tj ET Q q 0 0 0 rg BT 516.56 334.25 Td (in ) Tj ET Q q 0 0 0 rg BT 526.69 334.25 Td (a ) Tj ET Q q 0 0 0 rg BT 533.47 334.25 Td (violation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 53.83 322.25 Td (such ) Tj ET Q q 0 0 0 rg BT 74.66 322.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 121.04 322.25 Td (limitation. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 304.25 Td (Diversification) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 286.25 Td (The ) Tj ET Q q 0 0 0 rg BT 61.56 286.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 85.13 286.25 Td (is ) Tj ET Q q 0 0 0 rg BT 94.81 286.25 Td (diversified ) Tj ET Q q 0 0 0 rg BT 149.46 286.25 Td (within ) Tj ET Q q 0 0 0 rg BT 178.03 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.25 286.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 230.70 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.04 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.27 286.25 Td (1940 ) Tj ET Q q 0 0 0 rg BT 279.61 286.25 Td (Act. ) Tj ET Q q 0 0 0 rg BT 299.56 286.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 327.56 286.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 371.66 286.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 402.42 286.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 426.26 286.25 Td (to ) Tj ET Q q 0 0 0 rg BT 437.05 286.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 468.39 286.25 Td (as ) Tj ET Q q 0 0 0 rg BT 479.73 286.25 Td (a ) Tj ET Q q 0 0 0 rg BT 487.18 286.25 Td (diversified ) Tj ET Q q 0 0 0 rg BT 532.95 286.25 Td (fund, ) Tj ET Q q 0 0 0 rg BT 556.79 286.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 274.25 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 68.99 274.25 Td (with ) Tj ET Q q 0 0 0 rg BT 89.69 274.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 120.94 274.25 Td (to ) Tj ET Q q 0 0 0 rg BT 131.64 274.25 Td (75% ) Tj ET Q q 0 0 0 rg BT 152.90 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.16 274.25 Td (its ) Tj ET Q q 0 0 0 rg BT 176.53 274.25 Td (total ) Tj ET Q q 0 0 0 rg BT 197.23 274.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 225.99 274.25 Td (may ) Tj ET Q q 0 0 0 rg BT 246.13 274.25 Td (not ) Tj ET Q q 0 0 0 rg BT 261.84 274.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 288.65 274.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 319.34 274.25 Td (than ) Tj ET Q q 0 0 0 rg BT 339.48 274.25 Td (5% ) Tj ET Q q 0 0 0 rg BT 355.74 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.99 274.25 Td (its ) Tj ET Q q 0 0 0 rg BT 379.37 274.25 Td (total ) Tj ET Q q 0 0 0 rg BT 400.07 274.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 426.33 274.25 Td (in ) Tj ET Q q 0 0 0 rg BT 437.03 274.25 Td (any ) Tj ET Q q 0 0 0 rg BT 454.40 274.25 Td (one ) Tj ET Q q 0 0 0 rg BT 471.76 274.25 Td (issuer ) Tj ET Q q 0 0 0 rg BT 498.02 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 515.39 274.25 Td (may ) Tj ET Q q 0 0 0 rg BT 535.53 274.25 Td (not ) Tj ET Q q 0 0 0 rg BT 551.24 274.25 Td (hold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 262.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 72.44 262.25 Td (than ) Tj ET Q q 0 0 0 rg BT 91.35 262.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 111.37 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.39 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.29 262.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 174.75 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.77 262.25 Td (one ) Tj ET Q q 0 0 0 rg BT 200.90 262.25 Td (issuer) Tj ET Q q 0 0 0 rg BT 223.83 262.25 Td (, ) Tj ET Q q 0 0 0 rg BT 228.01 262.25 Td (other ) Tj ET Q q 0 0 0 rg BT 250.25 262.25 Td (than ) Tj ET Q q 0 0 0 rg BT 269.16 262.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 318.62 262.25 Td (in ) Tj ET Q q 0 0 0 rg BT 328.09 262.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 347.55 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.67 262.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 383.13 262.25 Td (items ) Tj ET Q q 0 0 0 rg BT 406.49 262.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 449.28 262.25 Td (receivables\), ) Tj ET Q q 0 0 0 rg BT 501.77 262.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 521.24 262.25 Td (government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 250.25 Td (securities, ) Tj ET Q q 0 0 0 rg BT 84.94 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.05 250.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 140.49 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.50 250.25 Td (other ) Tj ET Q q 0 0 0 rg BT 172.72 250.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 218.27 250.25 Td (companies. ) Tj ET Q q 0 0 0 rg BT 265.09 250.25 Td (The ) Tj ET Q q 0 0 0 rg BT 282.31 250.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 324.53 250.25 Td (25% ) Tj ET Q q 0 0 0 rg BT 344.53 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 354.54 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.43 250.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 391.77 250.25 Td (s ) Tj ET Q q 0 0 0 rg BT 397.34 250.25 Td (total ) Tj ET Q q 0 0 0 rg BT 416.79 250.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 441.79 250.25 Td (does ) Tj ET Q q 0 0 0 rg BT 461.79 250.25 Td (not ) Tj ET Q q 0 0 0 rg BT 476.25 250.25 Td (need ) Tj ET Q q 0 0 0 rg BT 496.80 250.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.25 250.25 Td (be ) Tj ET Q q 0 0 0 rg BT 517.37 250.25 Td (diversified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 238.25 Td (and ) Tj ET Q q 0 0 0 rg BT 60.46 238.25 Td (may ) Tj ET Q q 0 0 0 rg BT 80.69 238.25 Td (be ) Tj ET Q q 0 0 0 rg BT 93.15 238.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 129.50 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 140.29 238.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 181.08 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.42 238.25 Td (a ) Tj ET Q q 0 0 0 rg BT 199.88 238.25 Td (single ) Tj ET Q q 0 0 0 rg BT 226.79 238.25 Td (issuer) Tj ET Q q 0 0 0 rg BT 249.72 238.25 Td (, ) Tj ET Q q 0 0 0 rg BT 255.24 238.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 286.58 238.25 Td (to ) Tj ET Q q 0 0 0 rg BT 297.38 238.25 Td (other ) Tj ET Q q 0 0 0 rg BT 320.94 238.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 365.05 238.25 Td (laws. ) Tj ET Q q 0 0 0 rg BT 388.68 238.25 Td (The ) Tj ET Q q 0 0 0 rg BT 407.25 238.25 Td (diversification ) Tj ET Q q 0 0 0 rg BT 468.03 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.38 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 494.61 238.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 517.95 238.25 Td (s ) Tj ET Q q 0 0 0 rg BT 524.86 238.25 Td (holdings ) Tj ET Q q 0 0 0 rg BT 562.33 238.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 226.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 83.94 226.25 Td (at ) Tj ET Q q 0 0 0 rg BT 93.79 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.63 226.25 Td (time ) Tj ET Q q 0 0 0 rg BT 129.03 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.87 226.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 167.06 226.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 209.12 226.25 Td (a ) Tj ET Q q 0 0 0 rg BT 216.18 226.25 Td (security) Tj ET Q q 0 0 0 rg BT 247.19 226.25 Td (. ) Tj ET Q q 0 0 0 rg BT 252.32 226.25 Td (However) Tj ET Q q 0 0 0 rg BT 288.57 226.25 Td (, ) Tj ET Q q 0 0 0 rg BT 293.69 226.25 Td (if ) Tj ET Q q 0 0 0 rg BT 302.43 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.27 226.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 340.46 226.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 382.52 226.25 Td (a ) Tj ET Q q 0 0 0 rg BT 389.58 226.25 Td (security ) Tj ET Q q 0 0 0 rg BT 423.86 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 440.93 226.25 Td (holds ) Tj ET Q q 0 0 0 rg BT 465.23 226.25 Td (it ) Tj ET Q q 0 0 0 rg BT 473.41 226.25 Td (for ) Tj ET Q q 0 0 0 rg BT 487.70 226.25 Td (a ) Tj ET Q q 0 0 0 rg BT 494.76 226.25 Td (period ) Tj ET Q q 0 0 0 rg BT 522.94 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 533.89 226.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 556.79 226.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.25 Td (security ) Tj ET Q q 0 0 0 rg BT 77.31 214.25 Td (may ) Tj ET Q q 0 0 0 rg BT 97.18 214.25 Td (become ) Tj ET Q q 0 0 0 rg BT 130.93 214.25 Td (a ) Tj ET Q q 0 0 0 rg BT 138.02 214.25 Td (lar) Tj ET Q q 0 0 0 rg BT 148.39 214.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 163.81 214.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 209.76 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.75 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.62 214.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 258.96 214.25 Td (s ) Tj ET Q q 0 0 0 rg BT 265.50 214.25 Td (total ) Tj ET Q q 0 0 0 rg BT 285.93 214.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 311.91 214.25 Td (due ) Tj ET Q q 0 0 0 rg BT 329.01 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 339.44 214.25 Td (movements ) Tj ET Q q 0 0 0 rg BT 388.20 214.25 Td (in ) Tj ET Q q 0 0 0 rg BT 398.63 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.50 214.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 451.13 214.25 Td (markets. ) Tj ET Q q 0 0 0 rg BT 487.94 214.25 Td (If ) Tj ET Q q 0 0 0 rg BT 497.26 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.13 214.25 Td (market ) Tj ET Q q 0 0 0 rg BT 542.54 214.25 Td (af) Tj ET Q q 0 0 0 rg BT 550.13 214.25 Td (fects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.25 Td (several ) Tj ET Q q 0 0 0 rg BT 73.83 202.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 114.11 202.25 Td (held ) Tj ET Q q 0 0 0 rg BT 133.84 202.25 Td (by ) Tj ET Q q 0 0 0 rg BT 146.35 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.09 202.25 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 186.66 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.39 202.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 224.47 202.25 Td (may ) Tj ET Q q 0 0 0 rg BT 244.20 202.25 Td (have ) Tj ET Q q 0 0 0 rg BT 265.59 202.25 Td (a ) Tj ET Q q 0 0 0 rg BT 272.55 202.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 302.81 202.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 348.63 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.47 202.25 Td (its ) Tj ET Q q 0 0 0 rg BT 371.44 202.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 397.28 202.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 433.12 202.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.42 202.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 483.69 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 494.54 202.25 Td (a ) Tj ET Q q 0 0 0 rg BT 501.49 202.25 Td (single ) Tj ET Q q 0 0 0 rg BT 527.89 202.25 Td (issuer ) Tj ET Q q 0 0 0 rg BT 553.74 202.25 Td (or ) Tj ET Q q 0 0 0 rg BT 564.58 202.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 190.25 Td (small ) Tj ET Q q 0 0 0 rg BT 67.17 190.25 Td (number ) Tj ET Q q 0 0 0 rg BT 100.21 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.04 190.25 Td (issuers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 172.25 Td (General Risks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 154.25 Td (The ) Tj ET Q q 0 0 0 rg BT 60.51 154.25 Td (value ) Tj ET Q q 0 0 0 rg BT 84.13 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.43 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.61 154.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 131.95 154.25 Td (s ) Tj ET Q q 0 0 0 rg BT 137.81 154.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 174.77 154.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 214.50 154.25 Td (may ) Tj ET Q q 0 0 0 rg BT 233.68 154.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 270.62 154.25 Td (with ) Tj ET Q q 0 0 0 rg BT 290.37 154.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 324.54 154.25 Td (in ) Tj ET Q q 0 0 0 rg BT 334.28 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.47 154.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 385.41 154.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 425.15 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 435.45 154.25 Td (an ) Tj ET Q q 0 0 0 rg BT 446.85 154.25 Td (issuer ) Tj ET Q q 0 0 0 rg BT 472.15 154.25 Td (or ) Tj ET Q q 0 0 0 rg BT 482.44 154.25 Td (counterparty) Tj ET Q q 0 0 0 rg BT 532.32 154.25 Td (, ) Tj ET Q q 0 0 0 rg BT 536.79 154.25 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 53.83 142.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 87.98 142.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 129.91 142.25 Td (or ) Tj ET Q q 0 0 0 rg BT 141.30 142.25 Td (political ) Tj ET Q q 0 0 0 rg BT 177.12 142.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 221.84 142.25 Td (that ) Tj ET Q q 0 0 0 rg BT 239.89 142.25 Td (af) Tj ET Q q 0 0 0 rg BT 247.48 142.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 265.52 142.25 Td (a ) Tj ET Q q 0 0 0 rg BT 273.02 142.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 314.38 142.25 Td (security ) Tj ET Q q 0 0 0 rg BT 349.09 142.25 Td (or ) Tj ET Q q 0 0 0 rg BT 360.48 142.25 Td (issuer ) Tj ET Q q 0 0 0 rg BT 386.86 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.36 142.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 439.62 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 450.46 142.25 Td (general ) Tj ET Q q 0 0 0 rg BT 482.93 142.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 524.86 142.25 Td (or ) Tj ET Q q 0 0 0 rg BT 536.25 142.25 Td (political ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 130.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 89.11 130.25 Td (An ) Tj ET Q q 0 0 0 rg BT 103.83 130.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 138.55 130.25 Td (in ) Tj ET Q q 0 0 0 rg BT 148.83 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.55 130.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 186.61 130.25 Td (could ) Tj ET Q q 0 0 0 rg BT 211.33 130.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 229.93 130.25 Td (money ) Tj ET Q q 0 0 0 rg BT 259.65 130.25 Td (over ) Tj ET Q q 0 0 0 rg BT 279.92 130.25 Td (short ) Tj ET Q q 0 0 0 rg BT 302.42 130.25 Td (or ) Tj ET Q q 0 0 0 rg BT 313.25 130.25 Td (long ) Tj ET Q q 0 0 0 rg BT 333.53 130.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 365.47 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.30 130.25 Td (time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 112.25 Td (There ) Tj ET Q q 0 0 0 rg BT 68.37 112.25 Td (can ) Tj ET Q q 0 0 0 rg BT 84.31 112.25 Td (be ) Tj ET Q q 0 0 0 rg BT 95.81 112.25 Td (no ) Tj ET Q q 0 0 0 rg BT 107.86 112.25 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 148.78 112.25 Td (that ) Tj ET Q q 0 0 0 rg BT 165.84 112.25 Td (a ) Tj ET Q q 0 0 0 rg BT 172.33 112.25 Td (liquid ) Tj ET Q q 0 0 0 rg BT 197.73 112.25 Td (market ) Tj ET Q q 0 0 0 rg BT 227.55 112.25 Td (for ) Tj ET Q q 0 0 0 rg BT 241.27 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.54 112.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 295.36 112.25 Td (held ) Tj ET Q q 0 0 0 rg BT 314.64 112.25 Td (by ) Tj ET Q q 0 0 0 rg BT 326.70 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.97 112.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 363.59 112.25 Td (will ) Tj ET Q q 0 0 0 rg BT 381.21 112.25 Td (be ) Tj ET Q q 0 0 0 rg BT 392.70 112.25 Td (maintained. ) Tj ET Q q 0 0 0 rg BT 441.54 112.25 Td (The ) Tj ET Q q 0 0 0 rg BT 459.15 112.25 Td (existence ) Tj ET Q q 0 0 0 rg BT 498.41 112.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.79 112.25 Td (a ) Tj ET Q q 0 0 0 rg BT 515.29 112.25 Td (liquid ) Tj ET Q q 0 0 0 rg BT 540.68 112.25 Td (trading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 100.25 Td (market ) Tj ET Q q 0 0 0 rg BT 73.24 100.25 Td (for ) Tj ET Q q 0 0 0 rg BT 87.38 100.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 117.05 100.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 157.29 100.25 Td (may ) Tj ET Q q 0 0 0 rg BT 176.98 100.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 208.34 100.25 Td (on ) Tj ET Q q 0 0 0 rg BT 220.81 100.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 255.50 100.25 Td (dealers ) Tj ET Q q 0 0 0 rg BT 286.29 100.25 Td (will ) Tj ET Q q 0 0 0 rg BT 304.32 100.25 Td (make ) Tj ET Q q 0 0 0 rg BT 328.45 100.25 Td (a ) Tj ET Q q 0 0 0 rg BT 335.36 100.25 Td (market ) Tj ET Q q 0 0 0 rg BT 365.60 100.25 Td (in ) Tj ET Q q 0 0 0 rg BT 375.86 100.25 Td (such ) Tj ET Q q 0 0 0 rg BT 396.66 100.25 Td (securities. ) Tj ET Q q 0 0 0 rg BT 439.22 100.25 Td (There ) Tj ET Q q 0 0 0 rg BT 465.01 100.25 Td (can ) Tj ET Q q 0 0 0 rg BT 481.37 100.25 Td (be ) Tj ET Q q 0 0 0 rg BT 493.28 100.25 Td (no ) Tj ET Q q 0 0 0 rg BT 505.76 100.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 547.10 100.25 Td (that ) Tj ET Q q 0 0 0 rg BT 564.57 100.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 88.25 Td (market ) Tj ET Q q 0 0 0 rg BT 73.49 88.25 Td (will ) Tj ET Q q 0 0 0 rg BT 91.78 88.25 Td (be ) Tj ET Q q 0 0 0 rg BT 103.95 88.25 Td (made ) Tj ET Q q 0 0 0 rg BT 128.34 88.25 Td (or ) Tj ET Q q 0 0 0 rg BT 139.40 88.25 Td (maintained ) Tj ET Q q 0 0 0 rg BT 186.56 88.25 Td (or ) Tj ET Q q 0 0 0 rg BT 197.62 88.25 Td (that ) Tj ET Q q 0 0 0 rg BT 215.35 88.25 Td (any ) Tj ET Q q 0 0 0 rg BT 232.52 88.25 Td (such ) Tj ET Q q 0 0 0 rg BT 253.58 88.25 Td (market ) Tj ET Q q 0 0 0 rg BT 284.07 88.25 Td (will ) Tj ET Q q 0 0 0 rg BT 302.36 88.25 Td (be ) Tj ET Q q 0 0 0 rg BT 314.53 88.25 Td (or ) Tj ET Q q 0 0 0 rg BT 325.59 88.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 356.08 88.25 Td (liquid. ) Tj ET Q q 0 0 0 rg BT 384.45 88.25 Td (The ) Tj ET Q q 0 0 0 rg BT 402.73 88.25 Td (price ) Tj ET Q q 0 0 0 rg BT 425.45 88.25 Td (at ) Tj ET Q q 0 0 0 rg BT 435.39 88.25 Td (which ) Tj ET Q q 0 0 0 rg BT 462.56 88.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 503.06 88.25 Td (may ) Tj ET Q q 0 0 0 rg BT 523.01 88.25 Td (be ) Tj ET Q q 0 0 0 rg BT 535.17 88.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 554.58 88.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 57.56 76.25 Td (value ) Tj ET Q q 0 0 0 rg BT 81.56 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.24 76.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 121.25 76.25 Td (will ) Tj ET Q q 0 0 0 rg BT 139.15 76.25 Td (be ) Tj ET Q q 0 0 0 rg BT 150.93 76.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 191.60 76.25 Td (af) Tj ET Q q 0 0 0 rg BT 199.18 76.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 225.95 76.25 Td (if ) Tj ET Q q 0 0 0 rg BT 234.41 76.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 265.08 76.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 299.08 76.25 Td (for ) Tj ET Q q 0 0 0 rg BT 313.09 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.65 76.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 350.99 76.25 Td (s ) Tj ET Q q 0 0 0 rg BT 357.23 76.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 394.57 76.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 434.68 76.25 Td (are ) Tj ET Q q 0 0 0 rg BT 449.23 76.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 479.91 76.25 Td (or ) Tj ET Q q 0 0 0 rg BT 490.59 76.25 Td (absent, ) Tj ET Q q 0 0 0 rg BT 520.98 76.25 Td (or ) Tj ET Q q 0 0 0 rg BT 531.65 76.25 Td (if ) Tj ET Q q 0 0 0 rg BT 540.11 76.25 Td (bid/ask ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 64.25 Td (spreads ) Tj ET Q q 0 0 0 rg BT 75.49 64.25 Td (are ) Tj ET Q q 0 0 0 rg BT 90.20 64.25 Td (wide.) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 46.60 Td (3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (Cyber ) Tj ET Q q 0 0 0 rg BT 68.98 742.10 Td (Security ) Tj ET Q q 0 0 0 rg BT 103.28 742.10 Td (Risk. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.53 742.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 170.50 742.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 217.31 742.10 Td (such ) Tj ET Q q 0 0 0 rg BT 237.17 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 247.04 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.80 742.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 285.40 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.37 742.10 Td (their ) Tj ET Q q 0 0 0 rg BT 321.24 742.10 Td (service ) Tj ET Q q 0 0 0 rg BT 351.09 742.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 390.40 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 409.15 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 420.13 742.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 449.99 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.31 742.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 505.83 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.80 742.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (security ) Tj ET Q q 0 0 0 rg BT 77.97 730.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 100.19 730.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 138.50 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 161.26 730.10 Td (cyber ) Tj ET Q q 0 0 0 rg BT 186.78 730.10 Td (attacks. ) Tj ET Q q 0 0 0 rg BT 220.37 730.10 Td (Cyber ) Tj ET Q q 0 0 0 rg BT 248.13 730.10 Td (attacks ) Tj ET Q q 0 0 0 rg BT 279.21 730.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 314.46 730.10 Td (among ) Tj ET Q q 0 0 0 rg BT 345.00 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 368.86 730.10 Td (behaviors, ) Tj ET Q q 0 0 0 rg BT 413.56 730.10 Td (stealing ) Tj ET Q q 0 0 0 rg BT 447.98 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 459.63 730.10 Td (corrupting ) Tj ET Q q 0 0 0 rg BT 504.61 730.10 Td (data ) Tj ET Q q 0 0 0 rg BT 524.58 730.10 Td (maintained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (online ) Tj ET Q q 0 0 0 rg BT 70.47 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 81.28 718.10 Td (digitally) Tj ET Q q 0 0 0 rg BT 113.96 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 118.94 718.10 Td (denial ) Tj ET Q q 0 0 0 rg BT 145.85 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.66 718.10 Td (service ) Tj ET Q q 0 0 0 rg BT 187.45 718.10 Td (attacks ) Tj ET Q q 0 0 0 rg BT 217.69 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 230.17 718.10 Td (websites, ) Tj ET Q q 0 0 0 rg BT 269.59 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.28 718.10 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 338.96 718.10 Td (release ) Tj ET Q q 0 0 0 rg BT 369.20 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.00 718.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 430.24 718.10 Td (information ) Tj ET Q q 0 0 0 rg BT 479.93 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 490.74 718.10 Td (various ) Tj ET Q q 0 0 0 rg BT 522.66 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 545.68 718.10 Td (forms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 54.27 706.10 Td (cyber ) Tj ET Q q 0 0 0 rg BT 79.41 706.10 Td (security ) Tj ET Q q 0 0 0 rg BT 114.00 706.10 Td (breaches. ) Tj ET Q q 0 0 0 rg BT 154.41 706.10 Td (Cyber ) Tj ET Q q 0 0 0 rg BT 181.79 706.10 Td (attacks ) Tj ET Q q 0 0 0 rg BT 212.49 706.10 Td (af) Tj ET Q q 0 0 0 rg BT 220.07 706.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 250.77 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.93 706.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 289.42 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 300.69 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.20 706.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 346.46 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 351.89 706.10 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 402.04 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 407.48 706.10 Td (custodian, ) Tj ET Q q 0 0 0 rg BT 451.24 706.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 484.71 706.10 Td (agent, ) Tj ET Q q 0 0 0 rg BT 511.80 706.10 Td (intermediaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 59.73 694.10 Td (other ) Tj ET Q q 0 0 0 rg BT 82.56 694.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 127.61 694.10 Td (service ) Tj ET Q q 0 0 0 rg BT 158.21 694.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 198.27 694.10 Td (may ) Tj ET Q q 0 0 0 rg BT 217.78 694.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 258.38 694.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 287.88 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.38 694.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 327.73 694.10 Td (For ) Tj ET Q q 0 0 0 rg BT 343.91 694.10 Td (instance, ) Tj ET Q q 0 0 0 rg BT 381.46 694.10 Td (cyber ) Tj ET Q q 0 0 0 rg BT 405.96 694.10 Td (attacks ) Tj ET Q q 0 0 0 rg BT 436.01 694.10 Td (may ) Tj ET Q q 0 0 0 rg BT 455.51 694.10 Td (interfere ) Tj ET Q q 0 0 0 rg BT 491.66 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 511.73 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.23 694.10 Td (processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 54.32 682.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 103.95 682.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 157.20 682.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 187.39 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.60 682.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 225.94 682.10 Td (s ) Tj ET Q q 0 0 0 rg BT 232.81 682.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 261.35 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.12 682.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 310.63 682.10 Td (its ) Tj ET Q q 0 0 0 rg BT 323.06 682.10 Td (NA) Tj ET Q q 0 0 0 rg BT 336.22 682.10 Td (V) Tj ET Q q 0 0 0 rg BT 342.15 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 347.64 682.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 372.83 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.03 682.10 Td (release ) Tj ET Q q 0 0 0 rg BT 418.77 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.09 682.10 Td (private ) Tj ET Q q 0 0 0 rg BT 460.84 682.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 510.47 682.10 Td (information ) Tj ET Q q 0 0 0 rg BT 560.67 682.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 93.77 670.10 Td (company ) Tj ET Q q 0 0 0 rg BT 133.43 670.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 186.15 670.10 Td (impede ) Tj ET Q q 0 0 0 rg BT 218.59 670.10 Td (trading, ) Tj ET Q q 0 0 0 rg BT 252.42 670.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 283.75 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.97 670.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 322.54 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.33 670.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 377.43 670.10 Td (fines ) Tj ET Q q 0 0 0 rg BT 399.87 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 411.21 670.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 449.20 670.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 478.60 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 496.04 670.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 521.26 670.10 Td (reputational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 658.10 Td (damage. ) Tj ET Q q 0 0 0 rg BT 78.61 658.10 Td (The ) Tj ET Q q 0 0 0 rg BT 96.33 658.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 119.07 658.10 Td (may ) Tj ET Q q 0 0 0 rg BT 138.46 658.10 Td (also ) Tj ET Q q 0 0 0 rg BT 156.74 658.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 179.46 658.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 221.63 658.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 243.80 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 257.64 658.10 Td (cyber ) Tj ET Q q 0 0 0 rg BT 282.02 658.10 Td (security ) Tj ET Q q 0 0 0 rg BT 315.85 658.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 333.02 658.10 Td (management ) Tj ET Q q 0 0 0 rg BT 386.28 658.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 426.51 658.10 Td (Similar ) Tj ET Q q 0 0 0 rg BT 458.13 658.10 Td (types ) Tj ET Q q 0 0 0 rg BT 481.41 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.92 658.10 Td (cyber ) Tj ET Q q 0 0 0 rg BT 516.30 658.10 Td (security ) Tj ET Q q 0 0 0 rg BT 550.13 658.10 Td (risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 58.39 646.10 Td (also ) Tj ET Q q 0 0 0 rg BT 77.68 646.10 Td (present ) Tj ET Q q 0 0 0 rg BT 109.74 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 124.58 646.10 Td (issuers ) Tj ET Q q 0 0 0 rg BT 154.99 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.50 646.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 207.45 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.41 646.10 Td (which ) Tj ET Q q 0 0 0 rg BT 246.03 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.43 646.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 285.17 646.10 Td (invests, ) Tj ET Q q 0 0 0 rg BT 318.63 646.10 Td (which ) Tj ET Q q 0 0 0 rg BT 346.25 646.10 Td (could ) Tj ET Q q 0 0 0 rg BT 371.65 646.10 Td (result ) Tj ET Q q 0 0 0 rg BT 397.05 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 408.01 646.10 Td (material ) Tj ET Q q 0 0 0 rg BT 443.96 646.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 477.67 646.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 535.83 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.68 646.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 634.10 Td (issuers, ) Tj ET Q q 0 0 0 rg BT 75.22 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.16 634.10 Td (may ) Tj ET Q q 0 0 0 rg BT 111.88 634.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 136.58 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.30 634.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 174.64 634.10 Td (s ) Tj ET Q q 0 0 0 rg BT 181.03 634.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 231.31 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.58 634.10 Td (such ) Tj ET Q q 0 0 0 rg BT 262.41 634.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 299.91 634.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 345.17 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.45 634.10 Td (lose ) Tj ET Q q 0 0 0 rg BT 374.06 634.10 Td (value.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 616.10 Td (Index ) Tj ET Q q 0 0 0 rg BT 69.95 616.10 Td (Calculation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.41 598.10 Td (o ) Tj ET Q q 0 0 0 rg BT 55.77 598.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 95.90 598.10 Td (any ) Tj ET Q q 0 0 0 rg BT 112.70 598.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 150.06 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 164.08 598.10 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 200.88 598.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 230.44 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 242.81 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.39 598.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 274.73 598.10 Td (that ) Tj ET Q q 0 0 0 rg BT 292.09 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.67 598.10 Td (parent ) Tj ET Q q 0 0 0 rg BT 334.02 598.10 Td (company ) Tj ET Q q 0 0 0 rg BT 373.04 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.73 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.79 598.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 431.81 598.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 449.72 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 460.41 598.10 Td (index ) Tj ET Q q 0 0 0 rg BT 484.99 598.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 521.23 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.37 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.95 598.10 Td (Fund, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 58.06 586.10 Td (index ) Tj ET Q q 0 0 0 rg BT 83.12 586.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 119.84 586.10 Td (has ) Tj ET Q q 0 0 0 rg BT 136.01 586.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 171.06 586.10 Td (an ) Tj ET Q q 0 0 0 rg BT 183.34 586.10 Td (unaf) Tj ET Q q 0 0 0 rg BT 200.93 586.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 232.09 586.10 Td (third ) Tj ET Q q 0 0 0 rg BT 253.82 586.10 Td (party ) Tj ET Q q 0 0 0 rg BT 277.21 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.83 586.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 326.20 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.26 586.10 Td (Index ) Tj ET Q q 0 0 0 rg BT 366.88 586.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 385.27 586.10 Td (Calculation ) Tj ET Q q 0 0 0 rg BT 438.02 586.10 Td (Agent\). ) Tj ET Q q 0 0 0 rg BT 475.36 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 493.75 586.10 Td (Calculation ) Tj ET Q q 0 0 0 rg BT 542.07 586.10 Td (Agent, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 574.10 Td (using ) Tj ET Q q 0 0 0 rg BT 68.02 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.59 574.10 Td (rules-based ) Tj ET Q q 0 0 0 rg BT 132.48 574.10 Td (methodology) Tj ET Q q 0 0 0 rg BT 184.61 574.10 Td (, ) Tj ET Q q 0 0 0 rg BT 190.46 574.10 Td (will ) Tj ET Q q 0 0 0 rg BT 209.37 574.10 Td (calculate, ) Tj ET Q q 0 0 0 rg BT 250.75 574.10 Td (maintain, ) Tj ET Q q 0 0 0 rg BT 291.60 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.39 574.10 Td (disseminate ) Tj ET Q q 0 0 0 rg BT 359.95 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.52 574.10 Td (Index ) Tj ET Q q 0 0 0 rg BT 401.65 574.10 Td (on ) Tj ET Q q 0 0 0 rg BT 415.00 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.79 574.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 446.14 574.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 471.75 574.10 Td (The ) Tj ET Q q 0 0 0 rg BT 490.65 574.10 Td (index ) Tj ET Q q 0 0 0 rg BT 516.22 574.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 553.45 574.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 562.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 77.07 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 91.70 562.10 Td (results ) Tj ET Q q 0 0 0 rg BT 120.22 562.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 159.84 562.10 Td (by ) Tj ET Q q 0 0 0 rg BT 172.25 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.87 562.10 Td (Calculation ) Tj ET Q q 0 0 0 rg BT 234.85 562.10 Td (Agent ) Tj ET Q q 0 0 0 rg BT 261.70 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.88 562.10 Td (help ) Tj ET Q q 0 0 0 rg BT 291.51 562.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 320.02 562.10 Td (that ) Tj ET Q q 0 0 0 rg BT 337.42 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.05 562.10 Td (Index ) Tj ET Q q 0 0 0 rg BT 377.23 562.10 Td (is ) Tj ET Q q 0 0 0 rg BT 386.31 562.10 Td (being ) Tj ET Q q 0 0 0 rg BT 410.94 562.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 453.87 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.06 562.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 511.43 562.10 Td (with ) Tj ET Q q 0 0 0 rg BT 531.62 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.25 562.10 Td (rules-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 550.10 Td (based ) Tj ET Q q 0 0 0 rg BT 67.37 550.10 Td (methodology) Tj ET Q q 0 0 0 rg BT 119.50 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 123.60 550.10 Td (In ) Tj ET Q q 0 0 0 rg BT 133.54 550.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 170.42 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.24 550.10 Td (index ) Tj ET Q q 0 0 0 rg BT 208.06 550.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 243.54 550.10 Td (has ) Tj ET Q q 0 0 0 rg BT 258.48 550.10 Td (established ) Tj ET Q q 0 0 0 rg BT 304.52 550.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 337.23 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.27 550.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 398.75 550.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 435.90 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.28 550.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 476.87 550.10 Td (non-public ) Tj ET Q q 0 0 0 rg BT 521.80 550.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 538.10 Td (about ) Tj ET Q q 0 0 0 rg BT 68.17 538.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 103.34 538.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 138.51 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.24 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.41 538.10 Td (Index ) Tj ET Q q 0 0 0 rg BT 190.14 538.10 Td (from ) Tj ET Q q 0 0 0 rg BT 212.53 538.10 Td (being ) Tj ET Q q 0 0 0 rg BT 237.70 538.10 Td (used ) Tj ET Q q 0 0 0 rg BT 258.99 538.10 Td (or ) Tj ET Q q 0 0 0 rg BT 270.28 538.10 Td (disseminated ) Tj ET Q q 0 0 0 rg BT 325.44 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.18 538.10 Td (an ) Tj ET Q q 0 0 0 rg BT 348.57 538.10 Td (improper ) Tj ET Q q 0 0 0 rg BT 388.18 538.10 Td (manner) Tj ET Q q 0 0 0 rg BT 417.62 538.10 Td (. ) Tj ET Q q 0 0 0 rg BT 423.07 538.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 478.51 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.68 538.10 Td (index ) Tj ET Q q 0 0 0 rg BT 518.86 538.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 555.69 538.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 526.10 Td (established ) Tj ET Q q 0 0 0 rg BT 89.83 526.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 123.33 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 140.17 526.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 186.43 526.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 224.37 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.55 526.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 266.93 526.10 Td (improper ) Tj ET Q q 0 0 0 rg BT 305.98 526.10 Td (use ) Tj ET Q q 0 0 0 rg BT 321.71 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.54 526.10 Td (dissemination ) Tj ET Q q 0 0 0 rg BT 396.49 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.22 526.10 Td (non-public ) Tj ET Q q 0 0 0 rg BT 452.94 526.10 Td (information ) Tj ET Q q 0 0 0 rg BT 502.55 526.10 Td (about ) Tj ET Q q 0 0 0 rg BT 527.16 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.77 526.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 565.11 526.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 514.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 80.50 514.10 Td (strategies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 496.10 Td (D) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.22 496.10 Td (ESCRIPTION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 106.23 496.10 Td ( O) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 116.51 496.10 Td (F) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.01 496.10 Td ( P) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 130.62 496.10 Td (ERMITTED) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.63 496.10 Td ( I) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 186.02 496.10 Td (NVESTMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 478.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.14 478.10 Td (following ) Tj ET Q q 0 0 0 rg BT 102.61 478.10 Td (are ) Tj ET Q q 0 0 0 rg BT 117.41 478.10 Td (descriptions ) Tj ET Q q 0 0 0 rg BT 168.32 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.24 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.05 478.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 234.96 478.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 285.32 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.35 478.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 348.82 478.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 386.94 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.97 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.78 478.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 462.46 478.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 480.05 478.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 512.16 478.10 Td (The ) Tj ET Q q 0 0 0 rg BT 530.29 478.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 553.44 478.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 466.10 Td (only ) Tj ET Q q 0 0 0 rg BT 63.24 466.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 89.59 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.83 466.10 Td (any ) Tj ET Q q 0 0 0 rg BT 116.73 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.52 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.19 466.10 Td (following ) Tj ET Q q 0 0 0 rg BT 183.54 466.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 232.67 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 243.46 466.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 274.24 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.47 466.10 Td (any ) Tj ET Q q 0 0 0 rg BT 301.37 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.17 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.84 466.10 Td (following ) Tj ET Q q 0 0 0 rg BT 368.19 466.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 414.53 466.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 452.53 466.10 Td (if ) Tj ET Q q 0 0 0 rg BT 461.10 466.10 Td (such ) Tj ET Q q 0 0 0 rg BT 481.89 466.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 528.23 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 539.02 466.10 Td (activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 454.10 Td (is ) Tj ET Q q 0 0 0 rg BT 52.17 454.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 94.67 454.10 Td (with ) Tj ET Q q 0 0 0 rg BT 114.94 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.66 454.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 153.00 454.10 Td (s ) Tj ET Q q 0 0 0 rg BT 159.39 454.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 205.77 454.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 244.92 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.86 454.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 302.68 454.10 Td (by ) Tj ET Q q 0 0 0 rg BT 315.18 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.90 454.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 353.24 454.10 Td (s ) Tj ET Q q 0 0 0 rg BT 359.63 454.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 385.46 454.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 431.84 454.10 Td (policies.) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 442.87 50.93 -8.93 re f /GS0 gs q 0 0 0 rg BT 43.00 436.10 Td (Borr) Tj ET Q q 0 0 0 rg BT 63.37 436.10 Td (owing.) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 93.93 443.03 477.57 -8.93 re f /GS0 gs q 0 0 0 rg BT 93.93 436.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 133.86 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.23 436.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 170.94 436.10 Td (does ) Tj ET Q q 0 0 0 rg BT 191.43 436.10 Td (not ) Tj ET Q q 0 0 0 rg BT 206.36 436.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 233.51 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.44 436.10 Td (borrow ) Tj ET Q q 0 0 0 rg BT 274.47 436.10 Td (money) Tj ET Q q 0 0 0 rg BT 301.04 436.10 Td (, ) Tj ET Q q 0 0 0 rg BT 305.70 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.07 436.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 342.78 436.10 Td (may ) Tj ET Q q 0 0 0 rg BT 362.15 436.10 Td (do ) Tj ET Q q 0 0 0 rg BT 374.30 436.10 Td (so ) Tj ET Q q 0 0 0 rg BT 385.35 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.28 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.65 436.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 436.24 436.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 476.71 436.10 Td (by ) Tj ET Q q 0 0 0 rg BT 488.86 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.23 436.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 524.91 436.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 544.00 436.10 Td (Under ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 431.03 528.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 58.54 424.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 81.14 424.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 101.40 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.94 424.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 140.83 424.10 Td (may ) Tj ET Q q 0 0 0 rg BT 161.38 424.10 Td (borrow ) Tj ET Q q 0 0 0 rg BT 193.58 424.10 Td (up ) Tj ET Q q 0 0 0 rg BT 206.91 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.02 424.10 Td (one-third ) Tj ET Q q 0 0 0 rg BT 258.00 424.10 Td (\(1/3\) ) Tj ET Q q 0 0 0 rg BT 280.76 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.42 424.10 Td (its ) Tj ET Q q 0 0 0 rg BT 305.19 424.10 Td (total ) Tj ET Q q 0 0 0 rg BT 326.29 424.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 355.21 424.10 Td (The ) Tj ET Q q 0 0 0 rg BT 374.08 424.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 397.97 424.10 Td (will ) Tj ET Q q 0 0 0 rg BT 416.86 424.10 Td (borrow ) Tj ET Q q 0 0 0 rg BT 449.06 424.10 Td (money ) Tj ET Q q 0 0 0 rg BT 479.61 424.10 Td (only ) Tj ET Q q 0 0 0 rg BT 500.71 424.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.70 424.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 560.68 424.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 419.03 528.52 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 412.10 Td (emer) Tj ET Q q 0 0 0 rg BT 62.80 412.10 Td (gency ) Tj ET Q q 0 0 0 rg BT 89.33 412.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 130.02 412.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 152.67 412.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 196.98 412.10 Td (is ) Tj ET Q q 0 0 0 rg BT 206.29 412.10 Td (not ) Tj ET Q q 0 0 0 rg BT 221.71 412.10 Td (for ) Tj ET Q q 0 0 0 rg BT 236.02 412.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 282.55 412.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 320.75 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.83 412.10 Td (will ) Tj ET Q q 0 0 0 rg BT 356.03 412.10 Td (be ) Tj ET Q q 0 0 0 rg BT 368.12 412.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 395.75 412.10 Td (by ) Tj ET Q q 0 0 0 rg BT 408.39 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.25 412.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 446.46 412.10 Td (promptly) Tj ET Q q 0 0 0 rg BT 482.48 412.10 Td (. ) Tj ET Q q 0 0 0 rg BT 487.62 412.10 Td (Borrowing ) Tj ET Q q 0 0 0 rg BT 533.60 412.10 Td (will ) Tj ET Q q 0 0 0 rg BT 551.80 412.10 Td (tend ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 407.03 528.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 53.75 400.10 Td (exaggerate ) Tj ET Q q 0 0 0 rg BT 100.02 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.21 400.10 Td (ef) Tj ET Q q 0 0 0 rg BT 122.79 400.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 140.75 400.10 Td (on ) Tj ET Q q 0 0 0 rg BT 153.72 400.10 Td (NA) Tj ET Q q 0 0 0 rg BT 166.87 400.10 Td (V) Tj ET Q q 0 0 0 rg BT 173.92 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.89 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.19 400.10 Td (any ) Tj ET Q q 0 0 0 rg BT 205.59 400.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 241.32 400.10 Td (or ) Tj ET Q q 0 0 0 rg BT 252.62 400.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 290.00 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.75 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.94 400.10 Td (market ) Tj ET Q q 0 0 0 rg BT 346.67 400.10 Td (value ) Tj ET Q q 0 0 0 rg BT 371.30 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.60 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.79 400.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 421.13 400.10 Td (s ) Tj ET Q q 0 0 0 rg BT 427.99 400.10 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 468.45 400.10 Td (Money ) Tj ET Q q 0 0 0 rg BT 499.75 400.10 Td (borrowed ) Tj ET Q q 0 0 0 rg BT 541.04 400.10 Td (will ) Tj ET Q q 0 0 0 rg BT 559.57 400.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 395.03 528.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 388.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 73.69 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.83 388.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 115.63 388.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 138.00 388.10 Td (that ) Tj ET Q q 0 0 0 rg BT 155.36 388.10 Td (may ) Tj ET Q q 0 0 0 rg BT 174.94 388.10 Td (or ) Tj ET Q q 0 0 0 rg BT 185.63 388.10 Td (may ) Tj ET Q q 0 0 0 rg BT 205.21 388.10 Td (not ) Tj ET Q q 0 0 0 rg BT 220.36 388.10 Td (be ) Tj ET Q q 0 0 0 rg BT 232.16 388.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 273.94 388.10 Td (by ) Tj ET Q q 0 0 0 rg BT 286.30 388.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 322.55 388.10 Td (on ) Tj ET Q q 0 0 0 rg BT 334.91 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.49 388.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 389.62 388.10 Td (purchased. ) Tj ET Q q 0 0 0 rg BT 434.85 388.10 Td (The ) Tj ET Q q 0 0 0 rg BT 452.76 388.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 475.69 388.10 Td (also ) Tj ET Q q 0 0 0 rg BT 494.16 388.10 Td (may ) Tj ET Q q 0 0 0 rg BT 513.74 388.10 Td (be ) Tj ET Q q 0 0 0 rg BT 525.55 388.10 Td (required ) Tj ET Q q 0 0 0 rg BT 561.23 388.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 383.03 528.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 376.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 80.19 376.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 121.28 376.10 Td (average ) Tj ET Q q 0 0 0 rg BT 154.56 376.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 191.19 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.17 376.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 247.24 376.10 Td (with ) Tj ET Q q 0 0 0 rg BT 267.22 376.10 Td (a ) Tj ET Q q 0 0 0 rg BT 273.85 376.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 317.71 376.10 Td (or ) Tj ET Q q 0 0 0 rg BT 328.24 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.22 376.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 354.86 376.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.50 376.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 414.25 376.10 Td (or ) Tj ET Q q 0 0 0 rg BT 424.77 376.10 Td (other ) Tj ET Q q 0 0 0 rg BT 447.52 376.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 461.93 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.91 376.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 509.10 376.10 Td (a ) Tj ET Q q 0 0 0 rg BT 515.73 376.10 Td (line ) Tj ET Q q 0 0 0 rg BT 532.93 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.46 376.10 Td (credit; ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 371.03 375.14 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 364.10 Td (either ) Tj ET Q q 0 0 0 rg BT 68.26 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.09 364.10 Td (these ) Tj ET Q q 0 0 0 rg BT 102.14 364.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 156.84 364.10 Td (would ) Tj ET Q q 0 0 0 rg BT 184.34 364.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 219.60 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.31 364.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 252.92 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.75 364.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 307.91 364.10 Td (over ) Tj ET Q q 0 0 0 rg BT 328.18 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.90 364.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 368.72 364.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 400.66 364.10 Td (rate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 346.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 74.48 346.10 Td (Securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.64 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.22 346.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 150.46 346.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 193.31 346.10 Td (such ) Tj ET Q q 0 0 0 rg BT 214.22 346.10 Td (as ) Tj ET Q q 0 0 0 rg BT 225.13 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.93 346.10 Td (common ) Tj ET Q q 0 0 0 rg BT 277.50 346.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 305.08 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.99 346.10 Td (an ) Tj ET Q q 0 0 0 rg BT 328.01 346.10 Td (issuer) Tj ET Q q 0 0 0 rg BT 350.94 346.10 Td (, ) Tj ET Q q 0 0 0 rg BT 356.02 346.10 Td (are ) Tj ET Q q 0 0 0 rg BT 370.81 346.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 401.72 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.07 346.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 435.76 346.10 Td (market ) Tj ET Q q 0 0 0 rg BT 466.11 346.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 515.90 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.92 346.10 Td (therefore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 334.10 Td (may ) Tj ET Q q 0 0 0 rg BT 62.66 334.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 108.40 334.10 Td (volatile ) Tj ET Q q 0 0 0 rg BT 140.83 334.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 175.48 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.70 334.10 Td (value ) Tj ET Q q 0 0 0 rg BT 209.80 334.10 Td (as ) Tj ET Q q 0 0 0 rg BT 220.57 334.10 Td (market ) Tj ET Q q 0 0 0 rg BT 250.77 334.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 297.38 334.10 Td (consumer ) Tj ET Q q 0 0 0 rg BT 338.70 334.10 Td (sentiment ) Tj ET Q q 0 0 0 rg BT 380.02 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 390.79 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.45 334.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 442.87 334.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 483.09 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.86 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.52 334.10 Td (issuers ) Tj ET Q q 0 0 0 rg BT 538.18 334.10 Td (change. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 322.10 Td (A) Tj ET Q q 0 0 0 rg BT 49.67 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.17 322.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 89.08 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.36 322.10 Td (value ) Tj ET Q q 0 0 0 rg BT 123.52 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.35 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.06 322.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 176.56 322.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 216.82 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.10 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.82 322.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 265.16 322.10 Td (s ) Tj ET Q q 0 0 0 rg BT 271.55 322.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 309.04 322.10 Td (may ) Tj ET Q q 0 0 0 rg BT 328.76 322.10 Td (also ) Tj ET Q q 0 0 0 rg BT 347.37 322.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 372.08 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.79 322.10 Td (value ) Tj ET Q q 0 0 0 rg BT 410.95 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.78 322.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 450.94 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.22 322.10 Td (decline. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 304.10 Td (An ) Tj ET Q q 0 0 0 rg BT 57.30 304.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 103.26 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.11 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.41 304.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 150.04 304.10 Td (should ) Tj ET Q q 0 0 0 rg BT 178.79 304.10 Td (be ) Tj ET Q q 0 0 0 rg BT 190.31 304.10 Td (made ) Tj ET Q q 0 0 0 rg BT 214.04 304.10 Td (with ) Tj ET Q q 0 0 0 rg BT 233.89 304.10 Td (an ) Tj ET Q q 0 0 0 rg BT 245.41 304.10 Td (understanding ) Tj ET Q q 0 0 0 rg BT 304.14 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.55 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.84 304.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 349.81 304.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 384.65 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.50 304.10 Td (an ) Tj ET Q q 0 0 0 rg BT 406.02 304.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 451.98 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 461.83 304.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 488.90 304.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 531.24 304.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.47 292.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 74.72 292.10 Td (that ) Tj ET Q q 0 0 0 rg BT 91.97 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.44 292.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 143.67 292.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 183.70 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.28 292.10 Td (issuers ) Tj ET Q q 0 0 0 rg BT 223.75 292.10 Td (may ) Tj ET Q q 0 0 0 rg BT 243.22 292.10 Td (become ) Tj ET Q q 0 0 0 rg BT 276.57 292.10 Td (impaired ) Tj ET Q q 0 0 0 rg BT 314.36 292.10 Td (or ) Tj ET Q q 0 0 0 rg BT 324.95 292.10 Td (that ) Tj ET Q q 0 0 0 rg BT 342.19 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.66 292.10 Td (general ) Tj ET Q q 0 0 0 rg BT 388.34 292.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 428.37 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.95 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.42 292.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 476.78 292.10 Td (market ) Tj ET Q q 0 0 0 rg BT 506.79 292.10 Td (may ) Tj ET Q q 0 0 0 rg BT 526.26 292.10 Td (deteriorate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 280.10 Td (\(either ) Tj ET Q q 0 0 0 rg BT 71.48 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.19 280.10 Td (which ) Tj ET Q q 0 0 0 rg BT 109.02 280.10 Td (may ) Tj ET Q q 0 0 0 rg BT 128.62 280.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 153.21 280.10 Td (a ) Tj ET Q q 0 0 0 rg BT 160.03 280.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 196.83 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.99 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.59 280.10 Td (value ) Tj ET Q q 0 0 0 rg BT 245.63 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.35 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.95 280.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 294.29 280.10 Td (s ) Tj ET Q q 0 0 0 rg BT 300.56 280.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 337.94 280.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 378.09 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.91 280.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 433.38 280.10 Td (a ) Tj ET Q q 0 0 0 rg BT 440.20 280.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 477.00 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.17 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.77 280.10 Td (value ) Tj ET Q q 0 0 0 rg BT 525.81 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 536.52 280.10 Td (Shares\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 268.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 83.93 268.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 112.64 268.10 Td (are ) Tj ET Q q 0 0 0 rg BT 128.56 268.10 Td (susceptible ) Tj ET Q q 0 0 0 rg BT 176.70 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.18 268.10 Td (general ) Tj ET Q q 0 0 0 rg BT 221.31 268.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 246.13 268.10 Td (market ) Tj ET Q q 0 0 0 rg BT 277.60 268.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 328.52 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.67 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.15 268.10 Td (volatile ) Tj ET Q q 0 0 0 rg BT 391.85 268.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 432.20 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.35 268.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 492.36 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 503.85 268.10 Td (value ) Tj ET Q q 0 0 0 rg BT 529.21 268.10 Td (as ) Tj ET Q q 0 0 0 rg BT 541.25 268.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 256.10 Td (confidence ) Tj ET Q q 0 0 0 rg BT 88.73 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.04 256.10 Td (perceptions ) Tj ET Q q 0 0 0 rg BT 153.00 256.10 Td (change. ) Tj ET Q q 0 0 0 rg BT 185.55 256.10 Td (These ) Tj ET Q q 0 0 0 rg BT 211.29 256.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 245.38 256.10 Td (perceptions ) Tj ET Q q 0 0 0 rg BT 293.34 256.10 Td (are ) Tj ET Q q 0 0 0 rg BT 307.41 256.10 Td (based ) Tj ET Q q 0 0 0 rg BT 332.05 256.10 Td (on ) Tj ET Q q 0 0 0 rg BT 343.92 256.10 Td (various ) Tj ET Q q 0 0 0 rg BT 375.22 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.53 256.10 Td (unpredictable ) Tj ET Q q 0 0 0 rg BT 447.81 256.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 479.39 256.10 Td (including ) Tj ET Q q 0 0 0 rg BT 519.03 256.10 Td (expectations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 244.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 83.91 244.10 Td (government, ) Tj ET Q q 0 0 0 rg BT 136.77 244.10 Td (economic, ) Tj ET Q q 0 0 0 rg BT 180.74 244.10 Td (monetary ) Tj ET Q q 0 0 0 rg BT 221.11 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.14 244.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 262.39 244.10 Td (policies; ) Tj ET Q q 0 0 0 rg BT 298.87 244.10 Td (inflation ) Tj ET Q q 0 0 0 rg BT 335.35 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.39 244.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 384.42 244.10 Td (rates; ) Tj ET Q q 0 0 0 rg BT 408.67 244.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 450.14 244.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 493.29 244.10 Td (or ) Tj ET Q q 0 0 0 rg BT 504.22 244.10 Td (contraction; ) Tj ET Q q 0 0 0 rg BT 554.57 244.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 232.10 Td (global ) Tj ET Q q 0 0 0 rg BT 70.50 232.10 Td (or ) Tj ET Q q 0 0 0 rg BT 81.33 232.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 116.59 232.10 Td (political, ) Tj ET Q q 0 0 0 rg BT 154.36 232.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 195.73 232.10 Td (or ) Tj ET Q q 0 0 0 rg BT 206.56 232.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 241.28 232.10 Td (crises. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 77.39 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.46 214.10 Td (common ) Tj ET Q q 0 0 0 rg BT 126.19 214.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 153.92 214.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 177.20 214.10 Td (more ) Tj ET Q q 0 0 0 rg BT 200.48 214.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 218.21 214.10 Td (than ) Tj ET Q q 0 0 0 rg BT 238.16 214.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 270.33 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.40 214.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 320.77 214.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 348.50 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.67 214.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 385.62 214.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 432.80 214.10 Td (because ) Tj ET Q q 0 0 0 rg BT 467.18 214.10 Td (common ) Tj ET Q q 0 0 0 rg BT 504.91 214.10 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 560.69 214.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 74.43 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.31 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.07 202.10 Td (issuer) Tj ET Q q 0 0 0 rg BT 123.00 202.10 Td (, ) Tj ET Q q 0 0 0 rg BT 128.05 202.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 167.80 202.10 Td (have ) Tj ET Q q 0 0 0 rg BT 189.22 202.10 Td (inferior ) Tj ET Q q 0 0 0 rg BT 221.76 202.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 247.08 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.41 202.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 288.82 202.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 329.69 202.10 Td (from ) Tj ET Q q 0 0 0 rg BT 351.68 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.44 202.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 392.32 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.65 202.10 Td (comparison ) Tj ET Q q 0 0 0 rg BT 451.85 202.10 Td (with ) Tj ET Q q 0 0 0 rg BT 472.18 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.94 202.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 512.27 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.15 202.10 Td (creditors ) Tj ET Q q 0 0 0 rg BT 560.68 202.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 190.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 74.52 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.92 190.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 104.22 190.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 150.74 190.10 Td (or ) Tj ET Q q 0 0 0 rg BT 161.15 190.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 199.86 190.10 Td (stocks. ) Tj ET Q q 0 0 0 rg BT 229.44 190.10 Td (Further) Tj ET Q q 0 0 0 rg BT 258.48 190.10 Td (, ) Tj ET Q q 0 0 0 rg BT 263.05 190.10 Td (unlike ) Tj ET Q q 0 0 0 rg BT 290.13 190.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 309.42 190.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 351.76 190.10 Td (which ) Tj ET Q q 0 0 0 rg BT 378.28 190.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 415.35 190.10 Td (have ) Tj ET Q q 0 0 0 rg BT 436.30 190.10 Td (a ) Tj ET Q q 0 0 0 rg BT 442.82 190.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 468.22 190.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 505.84 190.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 537.91 190.10 Td (payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 178.10 Td (at ) Tj ET Q q 0 0 0 rg BT 51.59 178.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 86.84 178.10 Td (\(whose ) Tj ET Q q 0 0 0 rg BT 117.09 178.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 142.61 178.10 Td (however) Tj ET Q q 0 0 0 rg BT 176.64 178.10 Td (, ) Tj ET Q q 0 0 0 rg BT 180.51 178.10 Td (is ) Tj ET Q q 0 0 0 rg BT 188.55 178.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 218.25 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.39 178.10 Td (market ) Tj ET Q q 0 0 0 rg BT 256.53 178.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 305.11 178.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 325.92 178.10 Td (thereto\), ) Tj ET Q q 0 0 0 rg BT 360.88 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 370.58 178.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 408.59 178.10 Td (stocks, ) Tj ET Q q 0 0 0 rg BT 437.46 178.10 Td (which ) Tj ET Q q 0 0 0 rg BT 463.26 178.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 499.62 178.10 Td (have ) Tj ET Q q 0 0 0 rg BT 519.87 178.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.68 178.10 Td (liquidation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 166.10 Td (preference ) Tj ET Q q 0 0 0 rg BT 87.82 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.89 166.10 Td (which ) Tj ET Q q 0 0 0 rg BT 131.96 166.10 Td (may ) Tj ET Q q 0 0 0 rg BT 151.81 166.10 Td (have ) Tj ET Q q 0 0 0 rg BT 173.32 166.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 199.28 166.10 Td (optional ) Tj ET Q q 0 0 0 rg BT 234.69 166.10 Td (or ) Tj ET Q q 0 0 0 rg BT 245.66 166.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 291.05 166.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 339.23 166.10 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 386.03 166.10 Td (common ) Tj ET Q q 0 0 0 rg BT 423.66 166.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 451.30 166.10 Td (have ) Tj ET Q q 0 0 0 rg BT 472.81 166.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 503.21 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 510.28 166.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 533.46 166.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 154.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 75.50 154.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 91.33 154.10 Td (a ) Tj ET Q q 0 0 0 rg BT 98.26 154.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 131.50 154.10 Td (. ) Tj ET Q q 0 0 0 rg BT 136.50 154.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 176.22 154.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 199.83 154.10 Td (values ) Tj ET Q q 0 0 0 rg BT 227.88 154.10 Td (are ) Tj ET Q q 0 0 0 rg BT 242.58 154.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 273.41 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.69 154.10 Td (market ) Tj ET Q q 0 0 0 rg BT 313.95 154.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 363.66 154.10 Td (as ) Tj ET Q q 0 0 0 rg BT 374.49 154.10 Td (long ) Tj ET Q q 0 0 0 rg BT 394.77 154.10 Td (as ) Tj ET Q q 0 0 0 rg BT 405.60 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.32 154.10 Td (common ) Tj ET Q q 0 0 0 rg BT 457.81 154.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 481.42 154.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 515.58 154.10 Td (outstanding.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 43.00 136.10 Td (When-Issued ) Tj ET Q q 0 0 0 rg BT 97.18 136.10 Td (Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.61 136.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.14 136.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.67 136.10 Td (A) Tj ET Q q 0 0 0 rg BT 153.34 136.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.87 136.10 Td (when-issued ) Tj ET Q q 0 0 0 rg BT 208.39 136.10 Td (security ) Tj ET Q q 0 0 0 rg BT 242.57 136.10 Td (is ) Tj ET Q q 0 0 0 rg BT 251.77 136.10 Td (one ) Tj ET Q q 0 0 0 rg BT 268.73 136.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 296.81 136.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 321.56 136.10 Td (are ) Tj ET Q q 0 0 0 rg BT 336.29 136.10 Td (available ) Tj ET Q q 0 0 0 rg BT 374.91 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.88 136.10 Td (for ) Tj ET Q q 0 0 0 rg BT 406.07 136.10 Td (which ) Tj ET Q q 0 0 0 rg BT 433.03 136.10 Td (a ) Tj ET Q q 0 0 0 rg BT 440.00 136.10 Td (market ) Tj ET Q q 0 0 0 rg BT 470.29 136.10 Td (exists, ) Tj ET Q q 0 0 0 rg BT 498.10 136.10 Td (but ) Tj ET Q q 0 0 0 rg BT 513.41 136.10 Td (which ) Tj ET Q q 0 0 0 rg BT 540.37 136.10 Td (has ) Tj ET Q q 0 0 0 rg BT 556.23 136.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 124.10 Td (been ) Tj ET Q q 0 0 0 rg BT 63.87 124.10 Td (issued. ) Tj ET Q q 0 0 0 rg BT 93.22 124.10 Td (When ) Tj ET Q q 0 0 0 rg BT 119.08 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.29 124.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 155.84 124.10 Td (engages ) Tj ET Q q 0 0 0 rg BT 190.04 124.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.81 124.10 Td (when-issued ) Tj ET Q q 0 0 0 rg BT 251.79 124.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 304.05 124.10 Td (it ) Tj ET Q q 0 0 0 rg BT 311.60 124.10 Td (relies ) Tj ET Q q 0 0 0 rg BT 335.24 124.10 Td (on ) Tj ET Q q 0 0 0 rg BT 347.23 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.44 124.10 Td (other ) Tj ET Q q 0 0 0 rg BT 383.98 124.10 Td (party ) Tj ET Q q 0 0 0 rg BT 406.52 124.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.29 124.10 Td (consummate ) Tj ET Q q 0 0 0 rg BT 468.82 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.03 124.10 Td (sale. ) Tj ET Q q 0 0 0 rg BT 503.07 124.10 Td (If ) Tj ET Q q 0 0 0 rg BT 511.72 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.93 124.10 Td (other ) Tj ET Q q 0 0 0 rg BT 548.46 124.10 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 112.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 62.72 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 73.00 112.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 112.15 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.86 112.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 147.41 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.13 112.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 185.19 112.10 Td (may ) Tj ET Q q 0 0 0 rg BT 204.90 112.10 Td (miss ) Tj ET Q q 0 0 0 rg BT 225.74 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.46 112.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 289.63 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.90 112.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 327.40 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.12 112.10 Td (security ) Tj ET Q q 0 0 0 rg BT 376.27 112.10 Td (at ) Tj ET Q q 0 0 0 rg BT 385.99 112.10 Td (a ) Tj ET Q q 0 0 0 rg BT 392.93 112.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 433.18 112.10 Td (price ) Tj ET Q q 0 0 0 rg BT 455.67 112.10 Td (or ) Tj ET Q q 0 0 0 rg BT 466.50 112.10 Td (yield.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 46.60 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (When ) Tj ET Q q 0 0 0 rg BT 69.10 742.10 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 115.21 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.87 742.10 Td (security ) Tj ET Q q 0 0 0 rg BT 155.75 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 167.98 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 174.65 742.10 Td (when-issued ) Tj ET Q q 0 0 0 rg BT 226.86 742.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 251.59 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.03 742.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 288.82 742.10 Td (assumes ) Tj ET Q q 0 0 0 rg BT 324.38 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.82 742.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 363.83 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.49 742.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 401.61 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.17 742.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 456.05 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.61 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.05 742.10 Td (security) Tj ET Q q 0 0 0 rg BT 512.06 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 516.78 742.10 Td (including ) Tj ET Q q 0 0 0 rg BT 556.78 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 60.51 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 71.35 730.10 Td (price ) Tj ET Q q 0 0 0 rg BT 93.84 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.79 730.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 133.30 730.10 Td (changes. ) Tj ET Q q 0 0 0 rg BT 169.96 730.10 Td (At ) Tj ET Q q 0 0 0 rg BT 182.47 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.20 730.10 Td (time ) Tj ET Q q 0 0 0 rg BT 217.48 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.32 730.10 Td (settlement, ) Tj ET Q q 0 0 0 rg BT 274.43 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.16 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 313.32 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.16 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.89 730.10 Td (security ) Tj ET Q q 0 0 0 rg BT 373.05 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 392.78 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 404.73 730.10 Td (more ) Tj ET Q q 0 0 0 rg BT 427.78 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 438.62 730.10 Td (less ) Tj ET Q q 0 0 0 rg BT 456.13 730.10 Td (than ) Tj ET Q q 0 0 0 rg BT 475.86 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.59 730.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 528.63 730.10 Td (price. ) Tj ET Q q 0 0 0 rg BT 553.45 730.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 65.53 718.10 Td (available ) Tj ET Q q 0 0 0 rg BT 104.15 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.45 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.20 718.10 Td (market ) Tj ET Q q 0 0 0 rg BT 159.50 718.10 Td (when ) Tj ET Q q 0 0 0 rg BT 183.69 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.44 718.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 233.73 718.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 256.81 718.10 Td (place ) Tj ET Q q 0 0 0 rg BT 280.43 718.10 Td (also ) Tj ET Q q 0 0 0 rg BT 299.07 718.10 Td (may ) Tj ET Q q 0 0 0 rg BT 318.82 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 330.79 718.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 358.87 718.10 Td (than ) Tj ET Q q 0 0 0 rg BT 378.61 718.10 Td (those ) Tj ET Q q 0 0 0 rg BT 402.25 718.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 439.22 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.53 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.27 718.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 510.68 718.10 Td (itself. ) Tj ET Q q 0 0 0 rg BT 535.70 718.10 Td (Because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 56.86 706.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 79.07 706.10 Td (does ) Tj ET Q q 0 0 0 rg BT 99.04 706.10 Td (not ) Tj ET Q q 0 0 0 rg BT 113.46 706.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 129.55 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 142.85 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.71 706.10 Td (security ) Tj ET Q q 0 0 0 rg BT 190.01 706.10 Td (until ) Tj ET Q q 0 0 0 rg BT 209.99 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.85 706.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 258.26 706.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 279.06 706.10 Td (these ) Tj ET Q q 0 0 0 rg BT 301.25 706.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 321.79 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 335.64 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.06 706.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 379.48 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.91 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.77 706.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 423.30 706.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 466.04 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 485.46 706.10 Td (its ) Tj ET Q q 0 0 0 rg BT 496.56 706.10 Td (other ) Tj ET Q q 0 0 0 rg BT 518.75 706.10 Td (investments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 688.10 Td (Decisions ) Tj ET Q q 0 0 0 rg BT 84.73 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.80 688.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 117.08 688.10 Td (into ) Tj ET Q q 0 0 0 rg BT 134.92 688.10 Td (when-issued ) Tj ET Q q 0 0 0 rg BT 196.08 688.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 246.14 688.10 Td (will ) Tj ET Q q 0 0 0 rg BT 263.99 688.10 Td (be ) Tj ET Q q 0 0 0 rg BT 275.72 688.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 321.32 688.10 Td (on ) Tj ET Q q 0 0 0 rg BT 333.62 688.10 Td (a ) Tj ET Q q 0 0 0 rg BT 340.35 688.10 Td (case-by-case ) Tj ET Q q 0 0 0 rg BT 393.71 688.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 416.00 688.10 Td (when ) Tj ET Q q 0 0 0 rg BT 439.95 688.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 481.11 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.18 688.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 528.46 688.10 Td (continuity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 676.10 Td (in ) Tj ET Q q 0 0 0 rg BT 53.67 676.10 Td (a ) Tj ET Q q 0 0 0 rg BT 60.99 676.10 Td (company) Tj ET Q q 0 0 0 rg BT 100.42 676.10 Td (s ) Tj ET Q q 0 0 0 rg BT 107.20 676.10 Td (index ) Tj ET Q q 0 0 0 rg BT 132.31 676.10 Td (membership. ) Tj ET Q q 0 0 0 rg BT 186.92 676.10 Td (The ) Tj ET Q q 0 0 0 rg BT 205.35 676.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 228.80 676.10 Td (will ) Tj ET Q q 0 0 0 rg BT 247.25 676.10 Td (segregate ) Tj ET Q q 0 0 0 rg BT 287.89 676.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 308.54 676.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.76 676.10 Td (liquid ) Tj ET Q q 0 0 0 rg BT 345.98 676.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 386.63 676.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 411.18 676.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.84 676.10 Td (value ) Tj ET Q q 0 0 0 rg BT 446.38 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.05 676.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 514.38 676.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.92 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.03 676.10 Td (when-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 664.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 70.75 664.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 123.56 664.10 Td (The ) Tj ET Q q 0 0 0 rg BT 141.86 664.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 165.17 664.10 Td (will ) Tj ET Q q 0 0 0 rg BT 183.48 664.10 Td (segregate ) Tj ET Q q 0 0 0 rg BT 223.98 664.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 266.72 664.10 Td (liquid ) Tj ET Q q 0 0 0 rg BT 292.80 664.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 318.88 664.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 341.62 664.10 Td (so ) Tj ET Q q 0 0 0 rg BT 353.27 664.10 Td (that ) Tj ET Q q 0 0 0 rg BT 371.01 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.98 664.10 Td (value ) Tj ET Q q 0 0 0 rg BT 410.38 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.46 664.10 Td (such ) Tj ET Q q 0 0 0 rg BT 442.54 664.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 468.62 664.10 Td (is ) Tj ET Q q 0 0 0 rg BT 478.04 664.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 502.44 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.97 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.93 664.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 560.68 664.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.72 652.10 Td (commitments.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 632.7669921875 m 151.447265625 632.7669921875 l s q 0 0 0 rg BT 43.00 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.41 634.10 Td (ypes of Equity Securities:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 43.00 616.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 81.68 616.10 Td (Stocks) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.22 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.79 616.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.35 616.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 157.14 616.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 184.70 616.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 223.91 616.10 Td (units ) Tj ET Q q 0 0 0 rg BT 245.92 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.81 616.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 301.03 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.37 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 318.38 616.10 Td (company) Tj ET Q q 0 0 0 rg BT 354.38 616.10 Td (. ) Tj ET Q q 0 0 0 rg BT 359.44 616.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 399.23 616.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 426.79 616.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 458.24 616.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 481.34 616.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 509.46 616.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 534.80 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 551.80 616.10 Td (earn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 604.10 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 87.51 604.10 Td (Unlike ) Tj ET Q q 0 0 0 rg BT 117.85 604.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 157.61 604.10 Td (stocks, ) Tj ET Q q 0 0 0 rg BT 188.23 604.10 Td (which ) Tj ET Q q 0 0 0 rg BT 215.79 604.10 Td (are ) Tj ET Q q 0 0 0 rg BT 231.12 604.10 Td (described ) Tj ET Q q 0 0 0 rg BT 272.56 604.10 Td (below) Tj ET Q q 0 0 0 rg BT 296.35 604.10 Td (, ) Tj ET Q q 0 0 0 rg BT 301.97 604.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 343.98 604.10 Td (on ) Tj ET Q q 0 0 0 rg BT 357.10 604.10 Td (common ) Tj ET Q q 0 0 0 rg BT 395.22 604.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 423.34 604.10 Td (are ) Tj ET Q q 0 0 0 rg BT 438.67 604.10 Td (not ) Tj ET Q q 0 0 0 rg BT 454.57 604.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 478.24 604.10 Td (but ) Tj ET Q q 0 0 0 rg BT 494.14 604.10 Td (are ) Tj ET Q q 0 0 0 rg BT 509.47 604.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 546.46 604.10 Td (at ) Tj ET Q q 0 0 0 rg BT 556.80 604.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 592.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 84.93 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.76 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.48 592.10 Td (company) Tj ET Q q 0 0 0 rg BT 149.91 592.10 Td (s ) Tj ET Q q 0 0 0 rg BT 156.31 592.10 Td (board ) Tj ET Q q 0 0 0 rg BT 181.57 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.40 592.10 Td (directors.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 43.00 574.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 52.63 574.10 Td (eferr) Tj ET Q q 0 0 0 rg BT 71.70 574.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 82.95 574.10 Td (Stocks) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.50 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.32 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.14 574.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 156.15 574.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 182.97 574.10 Td (are ) Tj ET Q q 0 0 0 rg BT 196.99 574.10 Td (also ) Tj ET Q q 0 0 0 rg BT 214.92 574.10 Td (units ) Tj ET Q q 0 0 0 rg BT 236.19 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.33 574.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 289.81 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 299.41 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 305.66 574.10 Td (company) Tj ET Q q 0 0 0 rg BT 341.67 574.10 Td (. ) Tj ET Q q 0 0 0 rg BT 345.99 574.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 385.00 574.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 411.82 574.10 Td (normally ) Tj ET Q q 0 0 0 rg BT 449.74 574.10 Td (have ) Tj ET Q q 0 0 0 rg BT 470.44 574.10 Td (preference ) Tj ET Q q 0 0 0 rg BT 514.44 574.10 Td (over ) Tj ET Q q 0 0 0 rg BT 534.02 574.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 562.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 65.96 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 75.58 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.65 562.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 125.93 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.10 562.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 176.84 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.12 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.19 562.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 252.36 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.54 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.60 562.10 Td (company) Tj ET Q q 0 0 0 rg BT 312.61 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 316.96 562.10 Td (However) Tj ET Q q 0 0 0 rg BT 353.21 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 357.56 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 367.18 562.10 Td (all ) Tj ET Q q 0 0 0 rg BT 379.02 562.10 Td (other ) Tj ET Q q 0 0 0 rg BT 401.42 562.10 Td (respects, ) Tj ET Q q 0 0 0 rg BT 437.97 562.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 476.45 562.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 503.30 562.10 Td (are ) Tj ET Q q 0 0 0 rg BT 517.36 562.10 Td (subordinated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 53.34 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.12 550.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 107.89 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.78 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.56 550.10 Td (issuer) Tj ET Q q 0 0 0 rg BT 156.34 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 161.40 550.10 Td (Unlike ) Tj ET Q q 0 0 0 rg BT 191.17 550.10 Td (common ) Tj ET Q q 0 0 0 rg BT 228.73 550.10 Td (stocks, ) Tj ET Q q 0 0 0 rg BT 258.79 550.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 297.99 550.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 325.55 550.10 Td (are ) Tj ET Q q 0 0 0 rg BT 340.31 550.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 380.07 550.10 Td (not ) Tj ET Q q 0 0 0 rg BT 395.41 550.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 427.96 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.30 550.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 458.08 550.10 Td (on ) Tj ET Q q 0 0 0 rg BT 470.64 550.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 510.95 550.10 Td (matters. ) Tj ET Q q 0 0 0 rg BT 545.26 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 550.67 550.10 Td (ypes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.33 538.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 91.97 538.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 118.98 538.10 Td (include ) Tj ET Q q 0 0 0 rg BT 150.41 538.10 Td (adjustable-rate ) Tj ET Q q 0 0 0 rg BT 211.27 538.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 249.91 538.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 275.52 538.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 298.08 538.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 335.07 538.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 373.71 538.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 399.32 538.10 Td (perpetual ) Tj ET Q q 0 0 0 rg BT 438.53 538.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 477.17 538.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 502.78 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.22 538.10 Td (sinking ) Tj ET Q q 0 0 0 rg BT 550.67 538.10 Td (fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 526.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 82.14 526.10 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 81.77 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 86.27 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.48 508.10 Td (market ) Tj ET Q q 0 0 0 rg BT 130.24 508.10 Td (values ) Tj ET Q q 0 0 0 rg BT 157.79 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.11 508.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 206.74 508.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 229.85 508.10 Td (with ) Tj ET Q q 0 0 0 rg BT 249.62 508.10 Td (a ) Tj ET Q q 0 0 0 rg BT 256.06 508.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 278.60 508.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 315.59 508.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 332.57 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.01 508.10 Td (no ) Tj ET Q q 0 0 0 rg BT 361.00 508.10 Td (conversion ) Tj ET Q q 0 0 0 rg BT 406.88 508.10 Td (element ) Tj ET Q q 0 0 0 rg BT 440.52 508.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 460.29 508.10 Td (inversely ) Tj ET Q q 0 0 0 rg BT 498.94 508.10 Td (with ) Tj ET Q q 0 0 0 rg BT 518.71 508.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 550.14 508.10 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 59.94 496.10 Td (perceived ) Tj ET Q q 0 0 0 rg BT 101.30 496.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 126.56 496.10 Td (risk.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 43.00 478.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 70.91 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.26 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.68 478.10 Td (arrants) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.13 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.48 478.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.84 478.10 Td (A) Tj ET Q q 0 0 0 rg BT 141.51 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.86 478.10 Td (right ) Tj ET Q q 0 0 0 rg BT 165.10 478.10 Td (is ) Tj ET Q q 0 0 0 rg BT 174.12 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 180.92 478.10 Td (privilege ) Tj ET Q q 0 0 0 rg BT 218.81 478.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 251.15 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.28 478.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 295.30 478.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 348.19 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.87 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 365.67 478.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 414.11 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.25 478.10 Td (subscribe ) Tj ET Q q 0 0 0 rg BT 464.37 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.50 478.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 501.84 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.53 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.32 478.10 Td (new ) Tj ET Q q 0 0 0 rg BT 538.33 478.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 560.69 478.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 466.10 Td (common ) Tj ET Q q 0 0 0 rg BT 80.70 466.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 104.51 466.10 Td (before ) Tj ET Q q 0 0 0 rg BT 132.75 466.10 Td (it ) Tj ET Q q 0 0 0 rg BT 141.01 466.10 Td (is ) Tj ET Q q 0 0 0 rg BT 150.39 466.10 Td (issued. ) Tj ET Q q 0 0 0 rg BT 180.59 466.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 209.41 466.10 Td (normally ) Tj ET Q q 0 0 0 rg BT 248.22 466.10 Td (have ) Tj ET Q q 0 0 0 rg BT 269.80 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 276.95 466.10 Td (short ) Tj ET Q q 0 0 0 rg BT 299.65 466.10 Td (life ) Tj ET Q q 0 0 0 rg BT 315.68 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.71 466.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 358.30 466.10 Td (two ) Tj ET Q q 0 0 0 rg BT 376.01 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.49 466.10 Td (four ) Tj ET Q q 0 0 0 rg BT 405.85 466.10 Td (weeks, ) Tj ET Q q 0 0 0 rg BT 436.05 466.10 Td (are ) Tj ET Q q 0 0 0 rg BT 450.96 466.10 Td (freely ) Tj ET Q q 0 0 0 rg BT 476.98 466.10 Td (transferable ) Tj ET Q q 0 0 0 rg BT 526.88 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.02 466.10 Td (entitle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.41 454.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 85.15 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.12 454.10 Td (buy ) Tj ET Q q 0 0 0 rg BT 112.31 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.72 454.10 Td (new ) Tj ET Q q 0 0 0 rg BT 145.57 454.10 Td (common ) Tj ET Q q 0 0 0 rg BT 182.75 454.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 206.05 454.10 Td (at ) Tj ET Q q 0 0 0 rg BT 215.46 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 222.09 454.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 247.05 454.10 Td (price ) Tj ET Q q 0 0 0 rg BT 269.23 454.10 Td (than ) Tj ET Q q 0 0 0 rg BT 288.64 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.04 454.10 Td (public ) Tj ET Q q 0 0 0 rg BT 330.23 454.10 Td (of) Tj ET Q q 0 0 0 rg BT 338.38 454.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 364.45 454.10 Td (price. ) Tj ET Q q 0 0 0 rg BT 388.97 454.10 Td (W) Tj ET Q q 0 0 0 rg BT 397.60 454.10 Td (arrants ) Tj ET Q q 0 0 0 rg BT 427.00 454.10 Td (are ) Tj ET Q q 0 0 0 rg BT 441.40 454.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 481.36 454.10 Td (that ) Tj ET Q q 0 0 0 rg BT 498.54 454.10 Td (are ) Tj ET Q q 0 0 0 rg BT 512.94 454.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 544.02 454.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 442.10 Td (together ) Tj ET Q q 0 0 0 rg BT 78.28 442.10 Td (with ) Tj ET Q q 0 0 0 rg BT 98.57 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.52 442.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 125.26 442.10 Td (security ) Tj ET Q q 0 0 0 rg BT 159.43 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 170.27 442.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 209.42 442.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 233.04 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.00 442.10 Td (that ) Tj ET Q q 0 0 0 rg BT 267.51 442.10 Td (give ) Tj ET Q q 0 0 0 rg BT 287.24 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.97 442.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 330.03 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.76 442.10 Td (right ) Tj ET Q q 0 0 0 rg BT 366.16 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.46 442.10 Td (buy ) Tj ET Q q 0 0 0 rg BT 393.97 442.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 450.36 442.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 482.87 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.71 442.10 Td (common ) Tj ET Q q 0 0 0 rg BT 531.22 442.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 554.85 442.10 Td (at ) Tj ET Q q 0 0 0 rg BT 564.58 442.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 430.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 81.48 430.10 Td (price. ) Tj ET Q q 0 0 0 rg BT 106.17 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 114.81 430.10 Td (arrants ) Tj ET Q q 0 0 0 rg BT 144.40 430.10 Td (are ) Tj ET Q q 0 0 0 rg BT 158.99 430.10 Td (freely ) Tj ET Q q 0 0 0 rg BT 184.69 430.10 Td (transferable ) Tj ET Q q 0 0 0 rg BT 234.26 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.08 430.10 Td (are ) Tj ET Q q 0 0 0 rg BT 265.67 430.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 293.04 430.10 Td (on ) Tj ET Q q 0 0 0 rg BT 305.43 430.10 Td (major ) Tj ET Q q 0 0 0 rg BT 331.13 430.10 Td (exchanges. ) Tj ET Q q 0 0 0 rg BT 377.66 430.10 Td (Unlike ) Tj ET Q q 0 0 0 rg BT 407.26 430.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 434.92 430.10 Td (warrants ) Tj ET Q q 0 0 0 rg BT 471.73 430.10 Td (normally ) Tj ET Q q 0 0 0 rg BT 510.22 430.10 Td (have ) Tj ET Q q 0 0 0 rg BT 531.48 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 538.30 430.10 Td (life ) Tj ET Q q 0 0 0 rg BT 554.01 430.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 418.10 Td (is ) Tj ET Q q 0 0 0 rg BT 51.98 418.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 92.61 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.70 418.10 Td (years ) Tj ET Q q 0 0 0 rg BT 126.12 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.87 418.10 Td (entitles ) Tj ET Q q 0 0 0 rg BT 174.06 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.59 418.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 216.45 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.55 418.10 Td (buy ) Tj ET Q q 0 0 0 rg BT 243.86 418.10 Td (common ) Tj ET Q q 0 0 0 rg BT 281.17 418.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 304.59 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.23 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 321.99 418.10 Td (company ) Tj ET Q q 0 0 0 rg BT 360.95 418.10 Td (at ) Tj ET Q q 0 0 0 rg BT 370.48 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 377.24 418.10 Td (price ) Tj ET Q q 0 0 0 rg BT 399.54 418.10 Td (that ) Tj ET Q q 0 0 0 rg BT 416.84 418.10 Td (is ) Tj ET Q q 0 0 0 rg BT 425.83 418.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 457.03 418.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 484.89 418.10 Td (than ) Tj ET Q q 0 0 0 rg BT 504.42 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.95 418.10 Td (market ) Tj ET Q q 0 0 0 rg BT 549.03 418.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 406.10 Td (at ) Tj ET Q q 0 0 0 rg BT 52.72 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 67.43 406.10 Td (time ) Tj ET Q q 0 0 0 rg BT 87.71 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.42 406.10 Td (warrant ) Tj ET Q q 0 0 0 rg BT 135.46 406.10 Td (is ) Tj ET Q q 0 0 0 rg BT 144.63 406.10 Td (issued. ) Tj ET Q q 0 0 0 rg BT 174.63 406.10 Td (Corporations ) Tj ET Q q 0 0 0 rg BT 229.35 406.10 Td (often ) Tj ET Q q 0 0 0 rg BT 252.39 406.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 274.89 406.10 Td (warrants ) Tj ET Q q 0 0 0 rg BT 311.82 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.10 406.10 Td (make ) Tj ET Q q 0 0 0 rg BT 346.26 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.97 406.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 421.78 406.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 441.50 406.10 Td (security ) Tj ET Q q 0 0 0 rg BT 475.66 406.10 Td (more ) Tj ET Q q 0 0 0 rg BT 498.70 406.10 Td (attractive.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 388.10 Td (An ) Tj ET Q q 0 0 0 rg BT 57.69 388.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 104.03 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.27 388.10 Td (warrants ) Tj ET Q q 0 0 0 rg BT 151.16 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.07 388.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 193.31 388.10 Td (may ) Tj ET Q q 0 0 0 rg BT 212.99 388.10 Td (entail ) Tj ET Q q 0 0 0 rg BT 237.66 388.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 267.88 388.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 289.24 388.10 Td (than ) Tj ET Q q 0 0 0 rg BT 308.92 388.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 338.58 388.10 Td (other ) Tj ET Q q 0 0 0 rg BT 361.59 388.10 Td (types ) Tj ET Q q 0 0 0 rg BT 385.16 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.96 388.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 448.69 388.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 487.47 388.10 Td (, ) Tj ET Q q 0 0 0 rg BT 492.43 388.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 517.67 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.57 388.10 Td (warrants ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 376.10 Td (do ) Tj ET Q q 0 0 0 rg BT 55.09 376.10 Td (not ) Tj ET Q q 0 0 0 rg BT 69.95 376.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 92.57 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.88 376.10 Td (right ) Tj ET Q q 0 0 0 rg BT 127.85 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.72 376.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 168.66 376.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 209.64 376.10 Td (or ) Tj ET Q q 0 0 0 rg BT 220.05 376.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 254.89 376.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 282.54 376.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 307.40 376.10 Td (with ) Tj ET Q q 0 0 0 rg BT 327.27 376.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 357.67 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.53 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.84 376.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 427.25 376.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 469.60 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.12 376.10 Td (they ) Tj ET Q q 0 0 0 rg BT 505.43 376.10 Td (do ) Tj ET Q q 0 0 0 rg BT 517.51 376.10 Td (not ) Tj ET Q q 0 0 0 rg BT 532.38 376.10 Td (represent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 364.10 Td (any ) Tj ET Q q 0 0 0 rg BT 60.00 364.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 85.35 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.69 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.47 364.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 136.37 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.26 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.04 364.10 Td (issuer) Tj ET Q q 0 0 0 rg BT 184.82 364.10 Td (. ) Tj ET Q q 0 0 0 rg BT 189.89 364.10 Td (In ) Tj ET Q q 0 0 0 rg BT 200.78 364.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 238.62 364.10 Td (their ) Tj ET Q q 0 0 0 rg BT 259.51 364.10 Td (value ) Tj ET Q q 0 0 0 rg BT 283.73 364.10 Td (does ) Tj ET Q q 0 0 0 rg BT 304.63 364.10 Td (not ) Tj ET Q q 0 0 0 rg BT 319.97 364.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 366.96 364.10 Td (change ) Tj ET Q q 0 0 0 rg BT 397.84 364.10 Td (with ) Tj ET Q q 0 0 0 rg BT 418.18 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.96 364.10 Td (value ) Tj ET Q q 0 0 0 rg BT 457.18 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.08 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.86 364.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 528.75 364.10 Td (securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 59.65 352.10 Td (they ) Tj ET Q q 0 0 0 rg BT 79.08 352.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 102.94 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.94 352.10 Td (have ) Tj ET Q q 0 0 0 rg BT 134.03 352.10 Td (value ) Tj ET Q q 0 0 0 rg BT 157.90 352.10 Td (if ) Tj ET Q q 0 0 0 rg BT 166.22 352.10 Td (they ) Tj ET Q q 0 0 0 rg BT 185.65 352.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.07 352.10 Td (not ) Tj ET Q q 0 0 0 rg BT 215.07 352.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 255.03 352.10 Td (on ) Tj ET Q q 0 0 0 rg BT 267.25 352.10 Td (or ) Tj ET Q q 0 0 0 rg BT 277.79 352.10 Td (before ) Tj ET Q q 0 0 0 rg BT 305.54 352.10 Td (their ) Tj ET Q q 0 0 0 rg BT 326.08 352.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 368.84 352.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 390.21 352.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 429.64 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.63 352.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 464.63 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.28 352.10 Td (warrants ) Tj ET Q q 0 0 0 rg BT 517.92 352.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 556.78 352.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 340.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 80.49 340.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 105.21 340.10 Td (or ) Tj ET Q q 0 0 0 rg BT 116.04 340.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 134.10 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.38 340.10 Td (be ) Tj ET Q q 0 0 0 rg BT 156.32 340.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 190.46 340.10 Td (from ) Tj ET Q q 0 0 0 rg BT 212.39 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.11 340.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 273.49 340.10 Td (as ) Tj ET Q q 0 0 0 rg BT 284.32 340.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 326.25 340.10 Td (with ) Tj ET Q q 0 0 0 rg BT 346.53 340.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 385.69 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.41 340.10 Td (same ) Tj ET Q q 0 0 0 rg BT 423.45 340.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 455.95 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.23 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.94 340.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 526.77 340.10 Td (securities.) Tj ET Q BT /F3 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 329.04 102.61 -9.10 re f /GS0 gs q 0 0 0 rg BT 43.00 322.10 Td (Smaller) Tj ET Q q 0 0 0 rg BT 73.91 322.10 Td (-Sized ) Tj ET Q q 0 0 0 rg BT 100.61 322.10 Td (Companies) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 145.61 329.03 425.89 -9.10 re f /GS0 gs q 0 0 0 rg BT 145.61 322.10 Td (. ) Tj ET Q q 0 0 0 rg BT 150.37 322.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 189.30 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.34 322.10 Td (smaller) Tj ET Q q 0 0 0 rg BT 228.57 322.10 Td (-sized ) Tj ET Q q 0 0 0 rg BT 254.71 322.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 299.74 322.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 336.99 322.10 Td (take ) Tj ET Q q 0 0 0 rg BT 355.91 322.10 Td (on ) Tj ET Q q 0 0 0 rg BT 368.17 322.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 398.19 322.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 415.45 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.16 322.10 Td (price ) Tj ET Q q 0 0 0 rg BT 454.40 322.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 492.78 322.10 Td (than ) Tj ET Q q 0 0 0 rg BT 512.26 322.10 Td (they ) Tj ET Q q 0 0 0 rg BT 531.74 322.10 Td (would ) Tj ET Q q 0 0 0 rg BT 559.00 322.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 317.03 528.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 310.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 82.54 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 93.19 310.10 Td (lar) Tj ET Q q 0 0 0 rg BT 103.56 310.10 Td (ger) Tj ET Q q 0 0 0 rg BT 115.93 310.10 Td (, ) Tj ET Q q 0 0 0 rg BT 121.30 310.10 Td (more ) Tj ET Q q 0 0 0 rg BT 144.72 310.10 Td (established ) Tj ET Q q 0 0 0 rg BT 192.03 310.10 Td (companies. ) Tj ET Q q 0 0 0 rg BT 242.46 310.10 Td (This ) Tj ET Q q 0 0 0 rg BT 263.12 310.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 303.75 310.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 321.62 310.10 Td (may ) Tj ET Q q 0 0 0 rg BT 341.71 310.10 Td (be ) Tj ET Q q 0 0 0 rg BT 354.03 310.10 Td (due ) Tj ET Q q 0 0 0 rg BT 371.34 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.99 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.08 310.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 427.71 310.10 Td (business ) Tj ET Q q 0 0 0 rg BT 464.48 310.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 486.25 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.45 310.10 Td (their ) Tj ET Q q 0 0 0 rg BT 518.65 310.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 550.96 310.10 Td (size, ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 305.03 528.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 298.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 73.27 298.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 106.86 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.24 298.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 160.15 298.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 202.35 298.10 Td (narrow ) Tj ET Q q 0 0 0 rg BT 232.61 298.10 Td (product ) Tj ET Q q 0 0 0 rg BT 265.09 298.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 285.92 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.29 298.10 Td (frequent ) Tj ET Q q 0 0 0 rg BT 337.55 298.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 356.14 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.41 298.10 Td (management ) Tj ET Q q 0 0 0 rg BT 419.43 298.10 Td (depth. ) Tj ET Q q 0 0 0 rg BT 448.45 298.10 Td (The ) Tj ET Q q 0 0 0 rg BT 465.93 298.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 505.63 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.90 298.10 Td (smaller) Tj ET Q q 0 0 0 rg BT 545.13 298.10 Td (-sized ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 293.03 528.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 286.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 87.66 286.10 Td (are ) Tj ET Q q 0 0 0 rg BT 101.75 286.10 Td (often ) Tj ET Q q 0 0 0 rg BT 124.19 286.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 151.07 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 160.74 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.85 286.10 Td (over) Tj ET Q q 0 0 0 rg BT 192.42 286.10 Td (-the-counter ) Tj ET Q q 0 0 0 rg BT 243.17 286.10 Td (market ) Tj ET Q q 0 0 0 rg BT 272.83 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.16 286.10 Td (might ) Tj ET Q q 0 0 0 rg BT 314.39 286.10 Td (not ) Tj ET Q q 0 0 0 rg BT 329.06 286.10 Td (be ) Tj ET Q q 0 0 0 rg BT 340.39 286.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 367.27 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 376.94 286.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 412.71 286.10 Td (typical ) Tj ET Q q 0 0 0 rg BT 441.82 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.04 286.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 491.70 286.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 518.57 286.10 Td (on ) Tj ET Q q 0 0 0 rg BT 530.47 286.10 Td (a ) Tj ET Q q 0 0 0 rg BT 536.80 286.10 Td (national ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 281.03 528.52 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 274.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 83.35 274.10 Td (exchange. ) Tj ET Q q 0 0 0 rg BT 128.50 274.10 Td (Thus, ) Tj ET Q q 0 0 0 rg BT 153.59 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.40 274.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 208.75 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.66 274.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 251.68 274.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 308.13 274.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 353.48 274.10 Td (are ) Tj ET Q q 0 0 0 rg BT 368.28 274.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 393.64 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.00 274.10 Td (be ) Tj ET Q q 0 0 0 rg BT 416.03 274.10 Td (less ) Tj ET Q q 0 0 0 rg BT 433.61 274.10 Td (liquid, ) Tj ET Q q 0 0 0 rg BT 462.04 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.06 274.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 509.97 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.34 274.10 Td (more ) Tj ET Q q 0 0 0 rg BT 543.47 274.10 Td (abrupt ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 269.03 334.02 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 53.83 262.10 Td (erratic ) Tj ET Q q 0 0 0 rg BT 81.86 262.10 Td (market ) Tj ET Q q 0 0 0 rg BT 112.13 262.10 Td (movements, ) Tj ET Q q 0 0 0 rg BT 163.23 262.10 Td (than ) Tj ET Q q 0 0 0 rg BT 182.95 262.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 223.21 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.04 262.10 Td (lar) Tj ET Q q 0 0 0 rg BT 244.41 262.10 Td (ger) Tj ET Q q 0 0 0 rg BT 256.77 262.10 Td (, ) Tj ET Q q 0 0 0 rg BT 261.77 262.10 Td (more ) Tj ET Q q 0 0 0 rg BT 284.82 262.10 Td (established ) Tj ET Q q 0 0 0 rg BT 331.75 262.10 Td (companies.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 43.00 244.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.01 244.10 Td (racking ) Tj ET Q q 0 0 0 rg BT 81.04 244.10 Td (Stocks.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.09 244.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.58 244.10 Td (The ) Tj ET Q q 0 0 0 rg BT 129.61 244.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 152.66 244.10 Td (may ) Tj ET Q q 0 0 0 rg BT 172.36 244.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 198.74 244.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 231.77 244.10 Td (or ) Tj ET Q q 0 0 0 rg BT 242.58 244.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 283.39 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 293.65 244.10 Td (tracking ) Tj ET Q q 0 0 0 rg BT 328.90 244.10 Td (stocks. ) Tj ET Q q 0 0 0 rg BT 358.34 244.10 Td (A) Tj ET Q q 0 0 0 rg BT 365.01 244.10 Td ( ) Tj ET Q q 0 0 0 rg BT 367.50 244.10 Td (tracking ) Tj ET Q q 0 0 0 rg BT 402.75 244.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 426.35 244.10 Td (is ) Tj ET Q q 0 0 0 rg BT 435.50 244.10 Td (a ) Tj ET Q q 0 0 0 rg BT 442.43 244.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 477.67 244.10 Td (class ) Tj ET Q q 0 0 0 rg BT 499.59 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.41 244.10 Td (common ) Tj ET Q q 0 0 0 rg BT 547.89 244.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 232.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 71.11 232.10 Td (value ) Tj ET Q q 0 0 0 rg BT 95.33 232.10 Td (is ) Tj ET Q q 0 0 0 rg BT 104.56 232.10 Td (linked ) Tj ET Q q 0 0 0 rg BT 132.11 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.45 232.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.45 232.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 183.10 232.10 Td (business ) Tj ET Q q 0 0 0 rg BT 219.55 232.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 237.67 232.10 Td (or ) Tj ET Q q 0 0 0 rg BT 248.56 232.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 288.89 232.10 Td (division ) Tj ET Q q 0 0 0 rg BT 323.67 232.10 Td (within ) Tj ET Q q 0 0 0 rg BT 351.79 232.10 Td (a ) Tj ET Q q 0 0 0 rg BT 358.79 232.10 Td (lar) Tj ET Q q 0 0 0 rg BT 369.15 232.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 384.48 232.10 Td (company ) Tj ET Q q 0 0 0 rg BT 423.70 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.70 232.10 Td (which ) Tj ET Q q 0 0 0 rg BT 467.69 232.10 Td (is ) Tj ET Q q 0 0 0 rg BT 476.92 232.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 515.03 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.37 232.10 Td (track ) Tj ET Q q 0 0 0 rg BT 556.79 232.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 220.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 97.07 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.95 220.10 Td (such ) Tj ET Q q 0 0 0 rg BT 130.83 220.10 Td (business ) Tj ET Q q 0 0 0 rg BT 168.27 220.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 187.38 220.10 Td (or ) Tj ET Q q 0 0 0 rg BT 199.26 220.10 Td (division. ) Tj ET Q q 0 0 0 rg BT 237.28 220.10 Td (The ) Tj ET Q q 0 0 0 rg BT 256.38 220.10 Td (tracking ) Tj ET Q q 0 0 0 rg BT 292.69 220.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 317.35 220.10 Td (may ) Tj ET Q q 0 0 0 rg BT 338.11 220.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 356.10 220.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 398.54 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.87 220.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 463.95 220.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 516.38 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.26 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.02 220.10 Td (parent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 208.10 Td (company) Tj ET Q q 0 0 0 rg BT 79.01 208.10 Td (. ) Tj ET Q q 0 0 0 rg BT 84.00 208.10 Td (The ) Tj ET Q q 0 0 0 rg BT 102.24 208.10 Td (parent ) Tj ET Q q 0 0 0 rg BT 129.91 208.10 Td (company) Tj ET Q q 0 0 0 rg BT 165.92 208.10 Td (, ) Tj ET Q q 0 0 0 rg BT 171.11 208.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 197.11 208.10 Td (than ) Tj ET Q q 0 0 0 rg BT 217.02 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.92 208.10 Td (business ) Tj ET Q q 0 0 0 rg BT 268.51 208.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 286.75 208.10 Td (or ) Tj ET Q q 0 0 0 rg BT 297.77 208.10 Td (division, ) Tj ET Q q 0 0 0 rg BT 335.19 208.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 375.08 208.10 Td (is ) Tj ET Q q 0 0 0 rg BT 384.44 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.34 208.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 425.36 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.38 208.10 Td (tracking ) Tj ET Q q 0 0 0 rg BT 471.84 208.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 498.13 208.10 Td (However) Tj ET Q q 0 0 0 rg BT 534.38 208.10 Td (, ) Tj ET Q q 0 0 0 rg BT 539.57 208.10 Td (holders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.83 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.55 196.10 Td (tracking ) Tj ET Q q 0 0 0 rg BT 103.81 196.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 127.42 196.10 Td (may ) Tj ET Q q 0 0 0 rg BT 147.14 196.10 Td (not ) Tj ET Q q 0 0 0 rg BT 162.41 196.10 Td (have ) Tj ET Q q 0 0 0 rg BT 183.79 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.51 196.10 Td (same ) Tj ET Q q 0 0 0 rg BT 221.55 196.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 246.83 196.10 Td (as ) Tj ET Q q 0 0 0 rg BT 257.66 196.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 289.60 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.43 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.15 196.10 Td (company) Tj ET Q q 0 0 0 rg BT 354.58 196.10 Td (s ) Tj ET Q q 0 0 0 rg BT 360.97 196.10 Td (common ) Tj ET Q q 0 0 0 rg BT 398.47 196.10 Td (stock. ) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 184.87 100.02 -8.93 re f /GS0 gs q 0 0 0 rg BT 43.00 178.10 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 68.30 178.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 101.36 178.10 Td (Securities) Tj ET Q BT /F4 10.00 Tf ET 1 1 1 rg /GS0 gs 143.02 184.87 2.50 -8.93 re f /GS0 gs q 0 0 0 rg BT 143.02 178.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 145.52 184.87 2.50 -8.93 re f /GS0 gs q 0 0 0 rg BT 145.52 178.10 Td () Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 148.02 185.03 423.49 -8.93 re f /GS0 gs q 0 0 0 rg BT 148.02 178.10 Td (The ) Tj ET Q q 0 0 0 rg BT 164.98 178.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 186.95 178.10 Td (may ) Tj ET Q q 0 0 0 rg BT 205.57 178.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 230.87 178.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 262.82 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 272.56 178.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 312.28 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.47 178.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 343.43 178.10 Td (income ) Tj ET Q q 0 0 0 rg BT 374.27 178.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 415.94 178.10 Td (Even ) Tj ET Q q 0 0 0 rg BT 437.90 178.10 Td (though ) Tj ET Q q 0 0 0 rg BT 467.08 178.10 Td (interest-bearing ) Tj ET Q q 0 0 0 rg BT 531.24 178.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 173.03 528.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 166.10 Td (are ) Tj ET Q q 0 0 0 rg BT 56.95 166.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 106.47 166.10 Td (that ) Tj ET Q q 0 0 0 rg BT 123.21 166.10 Td (promise ) Tj ET Q q 0 0 0 rg BT 157.17 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.35 166.10 Td (stable ) Tj ET Q q 0 0 0 rg BT 188.42 166.10 Td (stream ) Tj ET Q q 0 0 0 rg BT 216.81 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.89 166.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 260.56 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.52 166.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 300.14 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.22 166.10 Td (such ) Tj ET Q q 0 0 0 rg BT 330.29 166.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 369.80 166.10 Td (are ) Tj ET Q q 0 0 0 rg BT 383.75 166.10 Td (af) Tj ET Q q 0 0 0 rg BT 391.33 166.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 417.50 166.10 Td (by ) Tj ET Q q 0 0 0 rg BT 429.25 166.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 463.20 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 472.72 166.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 503.89 166.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 527.01 166.10 Td (In ) Tj ET Q q 0 0 0 rg BT 537.09 166.10 Td (general, ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 161.03 528.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 154.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 66.62 154.10 Td (income ) Tj ET Q q 0 0 0 rg BT 99.13 154.10 Td (security ) Tj ET Q q 0 0 0 rg BT 133.86 154.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 160.81 154.10 Td (rise ) Tj ET Q q 0 0 0 rg BT 178.32 154.10 Td (when ) Tj ET Q q 0 0 0 rg BT 203.05 154.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 235.56 154.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 257.51 154.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 273.91 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.42 154.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 307.82 154.10 Td (when ) Tj ET Q q 0 0 0 rg BT 332.56 154.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 365.06 154.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 387.01 154.10 Td (rise. ) Tj ET Q q 0 0 0 rg BT 407.03 154.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 449.53 154.10 Td (with ) Tj ET Q q 0 0 0 rg BT 470.39 154.10 Td (shorter ) Tj ET Q q 0 0 0 rg BT 501.23 154.10 Td (maturities, ) Tj ET Q q 0 0 0 rg BT 546.79 154.10 Td (while ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 149.03 528.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 142.10 Td (of) Tj ET Q q 0 0 0 rg BT 51.15 142.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 77.40 142.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 102.55 142.10 Td (yields, ) Tj ET Q q 0 0 0 rg BT 131.32 142.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 170.90 142.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 203.82 142.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 233.95 142.10 Td (price ) Tj ET Q q 0 0 0 rg BT 256.32 142.10 Td (stability ) Tj ET Q q 0 0 0 rg BT 290.92 142.10 Td (than ) Tj ET Q q 0 0 0 rg BT 310.51 142.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 338.43 142.10 Td (term ) Tj ET Q q 0 0 0 rg BT 359.14 142.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 399.28 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.10 142.10 Td (are ) Tj ET Q q 0 0 0 rg BT 430.68 142.10 Td (less ) Tj ET Q q 0 0 0 rg BT 448.06 142.10 Td (af) Tj ET Q q 0 0 0 rg BT 455.65 142.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 482.45 142.10 Td (by ) Tj ET Q q 0 0 0 rg BT 494.83 142.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 529.41 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.57 142.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 137.03 528.52 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 130.10 Td (rates.) Tj ET Q q 0 0 0 rg BT 66.70 130.10 Td (The ) Tj ET Q q 0 0 0 rg BT 84.73 130.10 Td (values ) Tj ET Q q 0 0 0 rg BT 112.75 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.57 130.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 146.59 130.10 Td (income ) Tj ET Q q 0 0 0 rg BT 178.51 130.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 218.76 130.10 Td (also ) Tj ET Q q 0 0 0 rg BT 237.35 130.10 Td (may ) Tj ET Q q 0 0 0 rg BT 257.04 130.10 Td (be ) Tj ET Q q 0 0 0 rg BT 268.97 130.10 Td (af) Tj ET Q q 0 0 0 rg BT 276.55 130.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 303.46 130.10 Td (by ) Tj ET Q q 0 0 0 rg BT 315.94 130.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 350.63 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.89 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.59 130.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 400.83 130.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 426.64 130.10 Td (or ) Tj ET Q q 0 0 0 rg BT 437.45 130.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 474.92 130.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 515.17 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.98 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.68 130.10 Td (issuing ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 125.03 528.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 118.10 Td (entities. ) Tj ET Q q 0 0 0 rg BT 78.10 118.10 Td (Once ) Tj ET Q q 0 0 0 rg BT 102.92 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.85 118.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 145.89 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.94 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.09 118.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 204.81 118.10 Td (security ) Tj ET Q q 0 0 0 rg BT 240.18 118.10 Td (has ) Tj ET Q q 0 0 0 rg BT 257.23 118.10 Td (been ) Tj ET Q q 0 0 0 rg BT 279.82 118.10 Td (changed, ) Tj ET Q q 0 0 0 rg BT 319.35 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.29 118.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 359.57 118.10 Td (will ) Tj ET Q q 0 0 0 rg BT 378.84 118.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 416.44 118.10 Td (all ) Tj ET Q q 0 0 0 rg BT 430.15 118.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 490.51 118.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 525.32 118.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 561.24 118.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 113.03 211.52 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 106.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 93.82 106.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 128.53 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.81 106.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 175.74 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.02 106.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 206.30 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.01 106.10 Td (security) Tj ET Q q 0 0 0 rg BT 252.02 106.10 Td (.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 46.60 Td (5) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 749.03 528.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 742.10 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 69.01 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 101.67 742.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 152.67 742.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 173.11 742.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 203.54 742.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 228.16 742.10 Td (including ) Tj ET Q q 0 0 0 rg BT 269.16 742.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 295.16 742.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 315.88 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 327.44 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.89 742.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 371.67 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 383.23 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 395.90 742.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 422.46 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.46 742.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 451.13 742.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 483.79 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.46 742.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 540.23 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 551.79 742.10 Td (they ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 737.03 528.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 730.10 Td (become ) Tj ET Q q 0 0 0 rg BT 76.28 730.10 Td (due. ) Tj ET Q q 0 0 0 rg BT 95.41 730.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 134.19 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 138.88 730.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 166.61 730.10 Td (yielding ) Tj ET Q q 0 0 0 rg BT 201.58 730.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 227.66 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 242.06 730.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 272.57 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.54 730.10 Td (more ) Tj ET Q q 0 0 0 rg BT 305.28 730.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 330.23 730.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 347.42 730.10 Td (than ) Tj ET Q q 0 0 0 rg BT 366.83 730.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 391.78 730.10 Td (yielding ) Tj ET Q q 0 0 0 rg BT 426.75 730.10 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 455.33 730.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 487.50 730.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 504.68 730.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 521.87 730.10 Td (refers ) Tj ET Q q 0 0 0 rg BT 546.82 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 556.79 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 725.03 528.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 718.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 92.44 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.44 718.10 Td (value ) Tj ET Q q 0 0 0 rg BT 126.32 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.88 718.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 159.65 718.10 Td (income ) Tj ET Q q 0 0 0 rg BT 191.31 718.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 231.30 718.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 268.52 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 290.18 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.63 718.10 Td (inverse ) Tj ET Q q 0 0 0 rg BT 335.73 718.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 385.17 718.10 Td (between ) Tj ET Q q 0 0 0 rg BT 420.71 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.15 718.10 Td (market ) Tj ET Q q 0 0 0 rg BT 465.14 718.10 Td (value ) Tj ET Q q 0 0 0 rg BT 489.02 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.58 718.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 548.47 718.10 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 713.03 528.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 706.10 Td (income ) Tj ET Q q 0 0 0 rg BT 75.12 706.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 115.57 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.70 706.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 167.59 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.06 706.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 210.18 706.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 233.65 706.10 Td (An ) Tj ET Q q 0 0 0 rg BT 248.56 706.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 284.01 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.47 706.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 326.59 706.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 348.16 706.10 Td (will ) Tj ET Q q 0 0 0 rg BT 366.40 706.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 406.29 706.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 435.63 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.53 706.10 Td (market ) Tj ET Q q 0 0 0 rg BT 480.98 706.10 Td (value ) Tj ET Q q 0 0 0 rg BT 505.33 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.34 706.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 539.58 706.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 701.03 297.40 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 694.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 93.27 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.21 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 117.15 694.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 148.52 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.80 694.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 190.73 694.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 212.11 694.10 Td (will ) Tj ET Q q 0 0 0 rg BT 230.17 694.10 Td (tend ) Tj ET Q q 0 0 0 rg BT 249.88 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.16 694.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 295.42 694.10 Td (their ) Tj ET Q q 0 0 0 rg BT 316.24 694.10 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 676.10 Td (A) Tj ET Q q 0 0 0 rg BT 49.67 676.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.48 676.10 Td (number ) Tj ET Q q 0 0 0 rg BT 85.85 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.99 676.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 129.51 676.10 Td (including ) Tj ET Q q 0 0 0 rg BT 170.10 676.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 205.12 676.10 Td (in ) Tj ET Q q 0 0 0 rg BT 215.72 676.10 Td (a ) Tj ET Q q 0 0 0 rg BT 222.97 676.10 Td (central ) Tj ET Q q 0 0 0 rg BT 252.99 676.10 Td (bank) Tj ET Q q 0 0 0 rg BT 275.20 676.10 Td (s ) Tj ET Q q 0 0 0 rg BT 281.91 676.10 Td (monetary ) Tj ET Q q 0 0 0 rg BT 322.49 676.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 356.41 676.10 Td (or ) Tj ET Q q 0 0 0 rg BT 367.55 676.10 Td (general ) Tj ET Q q 0 0 0 rg BT 399.79 676.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 459.82 676.10 Td (in ) Tj ET Q q 0 0 0 rg BT 470.41 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.44 676.10 Td (economy) Tj ET Q q 0 0 0 rg BT 521.45 676.10 Td (, ) Tj ET Q q 0 0 0 rg BT 526.76 676.10 Td (may ) Tj ET Q q 0 0 0 rg BT 546.80 676.10 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 664.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 75.46 664.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 97.37 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.18 664.10 Td (rise. ) Tj ET Q q 0 0 0 rg BT 128.14 664.10 Td (Fixed ) Tj ET Q q 0 0 0 rg BT 153.95 664.10 Td (income ) Tj ET Q q 0 0 0 rg BT 186.41 664.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 227.20 664.10 Td (with ) Tj ET Q q 0 0 0 rg BT 248.01 664.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 276.59 664.10 Td (durations ) Tj ET Q q 0 0 0 rg BT 316.83 664.10 Td (are ) Tj ET Q q 0 0 0 rg BT 332.07 664.10 Td (more ) Tj ET Q q 0 0 0 rg BT 355.64 664.10 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 393.67 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 404.48 664.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 436.94 664.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 454.95 664.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 490.19 664.10 Td (than ) Tj ET Q q 0 0 0 rg BT 510.43 664.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 551.23 664.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 652.10 Td (shorter ) Tj ET Q q 0 0 0 rg BT 74.27 652.10 Td (durations, ) Tj ET Q q 0 0 0 rg BT 117.50 652.10 Td (making ) Tj ET Q q 0 0 0 rg BT 151.00 652.10 Td (them ) Tj ET Q q 0 0 0 rg BT 174.50 652.10 Td (more ) Tj ET Q q 0 0 0 rg BT 198.55 652.10 Td (volatile. ) Tj ET Q q 0 0 0 rg BT 234.29 652.10 Td (This ) Tj ET Q q 0 0 0 rg BT 255.58 652.10 Td (means ) Tj ET Q q 0 0 0 rg BT 284.63 652.10 Td (their ) Tj ET Q q 0 0 0 rg BT 306.46 652.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 333.85 652.10 Td (are ) Tj ET Q q 0 0 0 rg BT 349.56 652.10 Td (more ) Tj ET Q q 0 0 0 rg BT 373.61 652.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 399.89 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.17 652.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 457.98 652.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.93 652.10 Td (considerable ) Tj ET Q q 0 0 0 rg BT 519.96 652.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 561.23 652.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 640.10 Td (response ) Tj ET Q q 0 0 0 rg BT 80.49 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.77 640.10 Td (a ) Tj ET Q q 0 0 0 rg BT 97.71 640.10 Td (rise ) Tj ET Q q 0 0 0 rg BT 114.65 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 124.92 640.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 156.86 640.10 Td (rates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 622.10 Td (Illiquid ) Tj ET Q q 0 0 0 rg BT 77.19 622.10 Td (Investments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.85 622.10 Td (The ) Tj ET Q q 0 0 0 rg BT 151.89 622.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 174.95 622.10 Td (may ) Tj ET Q q 0 0 0 rg BT 194.67 622.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 221.05 622.10 Td (up ) Tj ET Q q 0 0 0 rg BT 233.55 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.83 622.10 Td (an ) Tj ET Q q 0 0 0 rg BT 255.76 622.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 297.12 622.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 329.61 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.44 622.10 Td (15% ) Tj ET Q q 0 0 0 rg BT 361.27 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.10 622.10 Td (its ) Tj ET Q q 0 0 0 rg BT 384.04 622.10 Td (net ) Tj ET Q q 0 0 0 rg BT 398.76 622.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 424.58 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.86 622.10 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 466.25 622.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 519.02 622.10 Td (as ) Tj ET Q q 0 0 0 rg BT 529.85 622.10 Td (such ) Tj ET Q q 0 0 0 rg BT 550.68 622.10 Td (term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 610.10 Td (is ) Tj ET Q q 0 0 0 rg BT 52.56 610.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 85.44 610.10 Td (by ) Tj ET Q q 0 0 0 rg BT 98.33 610.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 120.11 610.10 Td (22e-4 ) Tj ET Q q 0 0 0 rg BT 145.78 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.00 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.11 610.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 194.36 610.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 213.99 610.10 Td (The ) Tj ET Q q 0 0 0 rg BT 232.43 610.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 255.88 610.10 Td (may ) Tj ET Q q 0 0 0 rg BT 275.99 610.10 Td (not ) Tj ET Q q 0 0 0 rg BT 291.66 610.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 318.44 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.11 610.10 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 360.90 610.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 411.56 610.10 Td (if, ) Tj ET Q q 0 0 0 rg BT 423.07 610.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.29 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 441.62 610.10 Td (result ) Tj ET Q q 0 0 0 rg BT 466.73 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.95 610.10 Td (such ) Tj ET Q q 0 0 0 rg BT 499.18 610.10 Td (investment, ) Tj ET Q q 0 0 0 rg BT 548.45 610.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 598.10 Td (than ) Tj ET Q q 0 0 0 rg BT 61.66 598.10 Td (15% ) Tj ET Q q 0 0 0 rg BT 81.44 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.22 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.88 598.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 128.22 598.10 Td (s ) Tj ET Q q 0 0 0 rg BT 133.56 598.10 Td (net ) Tj ET Q q 0 0 0 rg BT 147.22 598.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 172.00 598.10 Td (would ) Tj ET Q q 0 0 0 rg BT 198.45 598.10 Td (be ) Tj ET Q q 0 0 0 rg BT 209.33 598.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 244.10 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.33 598.10 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 283.67 598.10 Td (investments) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 331.44 605.03 3.95 -9.09 re f /GS0 gs q 0 0 0 rg BT 331.44 598.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.39 598.10 Td (Illiquid ) Tj ET Q q 0 0 0 rg BT 366.28 598.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 415.50 598.10 Td (include ) Tj ET Q q 0 0 0 rg BT 446.38 598.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 485.59 598.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 515.36 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.59 598.10 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 53.39 586.10 Td (other ) Tj ET Q q 0 0 0 rg BT 76.00 586.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 122.49 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 134.55 586.10 Td (resale ) Tj ET Q q 0 0 0 rg BT 159.92 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.42 586.10 Td (other ) Tj ET Q q 0 0 0 rg BT 199.03 586.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 247.75 586.10 Td (that ) Tj ET Q q 0 0 0 rg BT 264.81 586.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 283.52 586.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 313.35 586.10 Td (available ) Tj ET Q q 0 0 0 rg BT 351.49 586.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 387.56 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 405.17 586.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 440.56 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.95 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.22 586.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 487.84 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.68 586.10 Td (dispose ) Tj ET Q q 0 0 0 rg BT 529.74 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.13 586.10 Td (illiquid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 574.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 94.11 574.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 125.21 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 136.87 574.10 Td (at ) Tj ET Q q 0 0 0 rg BT 147.42 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.19 574.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 201.28 574.10 Td (price ) Tj ET Q q 0 0 0 rg BT 224.60 574.10 Td (could ) Tj ET Q q 0 0 0 rg BT 250.15 574.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 279.59 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.14 574.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 318.48 574.10 Td (s ) Tj ET Q q 0 0 0 rg BT 325.70 574.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 354.59 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.70 574.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 387.91 574.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 409.02 574.10 Td (for ) Tj ET Q q 0 0 0 rg BT 424.01 574.10 Td (redemptions ) Tj ET Q q 0 0 0 rg BT 476.78 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.44 574.10 Td (other ) Tj ET Q q 0 0 0 rg BT 512.32 574.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 553.47 574.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 562.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 79.56 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.57 562.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 131.01 562.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 174.22 562.10 Td (by ) Tj ET Q q 0 0 0 rg BT 186.89 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.78 562.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 225.01 562.10 Td (that ) Tj ET Q q 0 0 0 rg BT 242.68 562.10 Td (are ) Tj ET Q q 0 0 0 rg BT 257.56 562.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 290.23 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 304.56 562.10 Td (resale ) Tj ET Q q 0 0 0 rg BT 330.55 562.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 367.66 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.11 562.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 399.67 562.10 Td (144A, ) Tj ET Q q 0 0 0 rg BT 427.07 562.10 Td (except ) Tj ET Q q 0 0 0 rg BT 455.83 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.17 562.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 500.04 562.10 Td (144A) Tj ET Q q 0 0 0 rg BT 521.71 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 524.39 562.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 553.45 562.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 550.10 Td (be ) Tj ET Q q 0 0 0 rg BT 54.89 550.10 Td (monitored ) Tj ET Q q 0 0 0 rg BT 98.45 550.10 Td (by ) Tj ET Q q 0 0 0 rg BT 110.90 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.57 550.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 148.59 550.10 Td (on ) Tj ET Q q 0 0 0 rg BT 161.04 550.10 Td (an ) Tj ET Q q 0 0 0 rg BT 172.93 550.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 208.17 550.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 233.12 550.10 Td (In ) Tj ET Q q 0 0 0 rg BT 243.90 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.57 550.10 Td (event ) Tj ET Q q 0 0 0 rg BT 282.68 550.10 Td (that ) Tj ET Q q 0 0 0 rg BT 300.13 550.10 Td (more ) Tj ET Q q 0 0 0 rg BT 323.13 550.10 Td (than ) Tj ET Q q 0 0 0 rg BT 342.80 550.10 Td (15% ) Tj ET Q q 0 0 0 rg BT 363.59 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.37 550.10 Td (its ) Tj ET Q q 0 0 0 rg BT 386.27 550.10 Td (net ) Tj ET Q q 0 0 0 rg BT 400.94 550.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 426.73 550.10 Td (are ) Tj ET Q q 0 0 0 rg BT 441.39 550.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 477.17 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.40 550.10 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 518.74 550.10 Td (investments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.92 538.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 83.69 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.17 538.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 141.84 538.10 Td (with ) Tj ET Q q 0 0 0 rg BT 162.32 538.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 183.91 538.10 Td (22e-4\(b\)\(1\)\(iv\), ) Tj ET Q q 0 0 0 rg BT 249.65 538.10 Td (will ) Tj ET Q q 0 0 0 rg BT 267.91 538.10 Td (report ) Tj ET Q q 0 0 0 rg BT 294.49 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.41 538.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 355.97 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.45 538.10 Td (both ) Tj ET Q q 0 0 0 rg BT 386.94 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.86 538.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 429.00 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.14 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.07 538.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 482.11 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.25 538.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 519.73 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.21 538.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 559.56 538.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 526.10 Td (holdings ) Tj ET Q q 0 0 0 rg BT 79.95 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.78 526.10 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 122.17 526.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 172.44 526.10 Td (within ) Tj ET Q q 0 0 0 rg BT 200.50 526.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.44 526.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 252.69 526.10 Td (period ) Tj ET Q q 0 0 0 rg BT 280.74 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.57 526.10 Td (time.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 508.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 93.70 508.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 138.31 508.10 Td (Securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.46 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.18 508.10 Td (The ) Tj ET Q q 0 0 0 rg BT 203.66 508.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 227.15 508.10 Td (may ) Tj ET Q q 0 0 0 rg BT 247.29 508.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 274.11 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.82 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.97 508.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 340.66 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.92 508.10 Td (other ) Tj ET Q q 0 0 0 rg BT 375.40 508.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 422.21 508.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 470.40 508.10 Td (including ) Tj ET Q q 0 0 0 rg BT 511.10 508.10 Td (money ) Tj ET Q q 0 0 0 rg BT 541.25 508.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 496.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 67.03 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 83.27 496.10 Td (exchange-traded ) Tj ET Q q 0 0 0 rg BT 151.15 496.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 177.68 496.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 207.81 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.39 496.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 260.29 496.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 304.88 496.10 Td (under ) Tj ET Q q 0 0 0 rg BT 329.45 496.10 Td (Section12\(d\)\(1\) ) Tj ET Q q 0 0 0 rg BT 397.07 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.21 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.23 496.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 442.64 496.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 461.39 496.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 500.41 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.99 496.10 Td (another ) Tj ET Q q 0 0 0 rg BT 541.79 496.10 Td (pooled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 484.10 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 74.19 484.10 Td (exposes ) Tj ET Q q 0 0 0 rg BT 108.17 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.71 484.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 145.59 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.69 484.10 Td (all ) Tj ET Q q 0 0 0 rg BT 168.00 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.54 484.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 203.75 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.40 484.10 Td (that ) Tj ET Q q 0 0 0 rg BT 231.71 484.10 Td (pooled ) Tj ET Q q 0 0 0 rg BT 261.25 484.10 Td (vehicle. ) Tj ET Q q 0 0 0 rg BT 294.94 484.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 332.26 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.36 484.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 374.67 484.10 Td (12\(d\)\(1\), ) Tj ET Q q 0 0 0 rg BT 412.81 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.35 484.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 450.23 484.10 Td (may ) Tj ET Q q 0 0 0 rg BT 469.76 484.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 495.97 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 506.07 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.60 484.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 560.69 484.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 472.10 Td (another ) Tj ET Q q 0 0 0 rg BT 75.21 472.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 121.32 472.10 Td (company ) Tj ET Q q 0 0 0 rg BT 160.20 472.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 177.98 472.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 219.06 472.10 Td (company\) ) Tj ET Q q 0 0 0 rg BT 265.71 472.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 303.49 472.10 Td (that ) Tj ET Q q 0 0 0 rg BT 320.71 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.15 472.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 360.44 472.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 412.65 472.10 Td (after ) Tj ET Q q 0 0 0 rg BT 433.20 472.10 Td (such ) Tj ET Q q 0 0 0 rg BT 453.75 472.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 491.52 472.10 Td (or ) Tj ET Q q 0 0 0 rg BT 502.07 472.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 550.68 472.10 Td (does ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 460.10 Td (not ) Tj ET Q q 0 0 0 rg BT 57.98 460.10 Td (own ) Tj ET Q q 0 0 0 rg BT 77.40 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.38 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.79 460.10 Td (aggregate: ) Tj ET Q q 0 0 0 rg BT 145.63 460.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 157.27 460.10 Td (more ) Tj ET Q q 0 0 0 rg BT 180.02 460.10 Td (than ) Tj ET Q q 0 0 0 rg BT 199.44 460.10 Td (3% ) Tj ET Q q 0 0 0 rg BT 214.97 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.50 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.91 460.10 Td (total ) Tj ET Q q 0 0 0 rg BT 259.88 460.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 308.75 460.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 336.51 460.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 359.81 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.34 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.76 460.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 421.38 460.10 Td (company; ) Tj ET Q q 0 0 0 rg BT 463.02 460.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 477.43 460.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 517.40 460.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 544.60 460.10 Td (by ) Tj ET Q q 0 0 0 rg BT 556.80 460.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 448.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 79.86 448.10 Td (company ) Tj ET Q q 0 0 0 rg BT 118.95 448.10 Td (having ) Tj ET Q q 0 0 0 rg BT 148.60 448.10 Td (an ) Tj ET Q q 0 0 0 rg BT 160.47 448.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 201.76 448.10 Td (value ) Tj ET Q q 0 0 0 rg BT 225.85 448.10 Td (in ) Tj ET Q q 0 0 0 rg BT 236.06 448.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 264.59 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.36 448.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 291.12 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.88 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.53 448.10 Td (value ) Tj ET Q q 0 0 0 rg BT 340.62 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.38 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.03 448.10 Td (total ) Tj ET Q q 0 0 0 rg BT 386.24 448.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 412.00 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.77 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.42 448.10 Td (Fund; ) Tj ET Q q 0 0 0 rg BT 463.19 448.10 Td (or ) Tj ET Q q 0 0 0 rg BT 473.95 448.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 491.38 448.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 531.58 448.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 559.01 448.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.28 436.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 93.76 436.10 Td (company ) Tj ET Q q 0 0 0 rg BT 132.47 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.97 436.10 Td (all ) Tj ET Q q 0 0 0 rg BT 161.03 436.10 Td (other ) Tj ET Q q 0 0 0 rg BT 183.63 436.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 229.58 436.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 274.40 436.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 300.33 436.10 Td (than ) Tj ET Q q 0 0 0 rg BT 319.61 436.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 353.88 436.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 377.05 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.44 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.71 436.10 Td (Fund\) ) Tj ET Q q 0 0 0 rg BT 427.66 436.10 Td (having ) Tj ET Q q 0 0 0 rg BT 456.94 436.10 Td (an ) Tj ET Q q 0 0 0 rg BT 468.44 436.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 509.36 436.10 Td (value ) Tj ET Q q 0 0 0 rg BT 533.07 436.10 Td (in ) Tj ET Q q 0 0 0 rg BT 542.91 436.10 Td (excess ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 54.53 424.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 76.06 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.58 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.00 424.10 Td (value ) Tj ET Q q 0 0 0 rg BT 127.85 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.38 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.80 424.10 Td (total ) Tj ET Q q 0 0 0 rg BT 175.77 424.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 202.30 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.83 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.24 424.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 255.27 424.10 Td (T) Tj ET Q q 0 0 0 rg BT 260.68 424.10 Td (o ) Tj ET Q q 0 0 0 rg BT 268.88 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.29 424.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 311.92 424.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 346.78 424.10 Td (by ) Tj ET Q q 0 0 0 rg BT 359.98 424.10 Td (law ) Tj ET Q q 0 0 0 rg BT 377.61 424.10 Td (or ) Tj ET Q q 0 0 0 rg BT 389.14 424.10 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 435.38 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.80 424.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 474.56 424.10 Td (may ) Tj ET Q q 0 0 0 rg BT 494.97 424.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 522.06 424.10 Td (its ) Tj ET Q q 0 0 0 rg BT 534.70 424.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 561.23 424.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 412.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 83.26 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.09 412.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 140.48 412.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 185.74 412.10 Td (that ) Tj ET Q q 0 0 0 rg BT 203.23 412.10 Td (are ) Tj ET Q q 0 0 0 rg BT 217.94 412.10 Td (money ) Tj ET Q q 0 0 0 rg BT 247.66 412.10 Td (market ) Tj ET Q q 0 0 0 rg BT 277.92 412.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 302.64 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.92 412.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 341.52 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.35 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.07 412.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 392.35 412.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 433.18 412.10 Td (above. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 394.10 Td (If ) Tj ET Q q 0 0 0 rg BT 52.69 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 67.94 394.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 91.54 394.10 Td (invests ) Tj ET Q q 0 0 0 rg BT 122.35 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 133.16 394.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 153.14 394.10 Td (thus, ) Tj ET Q q 0 0 0 rg BT 175.34 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 185.04 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 192.52 394.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 242.19 394.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 256.06 394.10 Td (another ) Tj ET Q q 0 0 0 rg BT 289.08 394.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 335.99 394.10 Td (company) Tj ET Q q 0 0 0 rg BT 372.00 394.10 Td (, ) Tj ET Q q 0 0 0 rg BT 377.53 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.78 394.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 416.12 394.10 Td (s ) Tj ET Q q 0 0 0 rg BT 423.05 394.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 476.62 394.10 Td (will ) Tj ET Q q 0 0 0 rg BT 495.21 394.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 536.56 394.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 556.80 394.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 382.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 66.34 382.10 Td (s ) Tj ET Q q 0 0 0 rg BT 72.81 382.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 129.26 382.10 Td (share ) Tj ET Q q 0 0 0 rg BT 152.94 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.85 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.65 382.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 197.33 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.34 382.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 253.02 382.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 272.82 382.10 Td (by ) Tj ET Q q 0 0 0 rg BT 285.40 382.10 Td (such ) Tj ET Q q 0 0 0 rg BT 306.31 382.10 Td (other ) Tj ET Q q 0 0 0 rg BT 329.43 382.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 375.90 382.10 Td (company) Tj ET Q q 0 0 0 rg BT 411.90 382.10 Td (, ) Tj ET Q q 0 0 0 rg BT 416.98 382.10 Td (including ) Tj ET Q q 0 0 0 rg BT 457.33 382.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 494.35 382.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 515.53 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.89 382.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 561.24 382.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 370.10 Td (both ) Tj ET Q q 0 0 0 rg BT 63.45 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.34 370.10 Td (management ) Tj ET Q q 0 0 0 rg BT 132.10 370.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 150.88 370.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 184.64 370.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 217.86 370.10 Td (by ) Tj ET Q q 0 0 0 rg BT 230.53 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.42 370.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 268.66 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.11 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.00 370.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 317.34 370.10 Td (s ) Tj ET Q q 0 0 0 rg BT 323.90 370.10 Td (own ) Tj ET Q q 0 0 0 rg BT 343.80 370.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 390.35 370.10 Td (adviser ) Tj ET Q q 0 0 0 rg BT 421.90 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.02 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.91 370.10 Td (other ) Tj ET Q q 0 0 0 rg BT 477.13 370.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 515.90 370.10 Td (that ) Tj ET Q q 0 0 0 rg BT 533.57 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.46 370.10 Td (Fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 358.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 66.60 358.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 99.64 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.92 358.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 156.29 358.10 Td (with ) Tj ET Q q 0 0 0 rg BT 176.57 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.29 358.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 214.63 358.10 Td (s ) Tj ET Q q 0 0 0 rg BT 221.02 358.10 Td (own ) Tj ET Q q 0 0 0 rg BT 240.74 358.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 340.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 75.05 340.10 Td (12\(d\)\(1\) ) Tj ET Q q 0 0 0 rg BT 110.42 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.81 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.08 340.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 156.68 340.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 173.18 340.10 Td (restricts ) Tj ET Q q 0 0 0 rg BT 206.89 340.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 256.71 340.10 Td (by ) Tj ET Q q 0 0 0 rg BT 268.77 340.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 310.25 340.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 356.18 340.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 401.00 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 410.83 340.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 450.65 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.04 340.10 Td (other ) Tj ET Q q 0 0 0 rg BT 483.64 340.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 525.12 340.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 328.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 90.46 328.10 Td (including ) Tj ET Q q 0 0 0 rg BT 130.44 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.86 328.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 169.96 328.10 Td (The ) Tj ET Q q 0 0 0 rg BT 187.71 328.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 233.79 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.32 328.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 273.18 328.10 Td (by ) Tj ET Q q 0 0 0 rg BT 285.39 328.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 327.01 328.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 373.09 328.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 418.06 328.10 Td (is ) Tj ET Q q 0 0 0 rg BT 426.93 328.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 457.46 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.44 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.85 328.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 528.49 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.02 328.10 Td (Section ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 316.10 Td (12\(d\)\(1\) ) Tj ET Q q 0 0 0 rg BT 78.10 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.21 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.20 316.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 123.59 316.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 142.31 316.10 Td (except ) Tj ET Q q 0 0 0 rg BT 170.18 316.10 Td (as ) Tj ET Q q 0 0 0 rg BT 180.29 316.10 Td (may ) Tj ET Q q 0 0 0 rg BT 199.28 316.10 Td (be ) Tj ET Q q 0 0 0 rg BT 210.50 316.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 250.60 316.10 Td (by ) Tj ET Q q 0 0 0 rg BT 262.38 316.10 Td (exemptive ) Tj ET Q q 0 0 0 rg BT 305.81 316.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 327.03 316.10 Td (under ) Tj ET Q q 0 0 0 rg BT 351.57 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.57 316.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 386.96 316.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 403.17 316.10 Td (or ) Tj ET Q q 0 0 0 rg BT 413.28 316.10 Td (as ) Tj ET Q q 0 0 0 rg BT 423.39 316.10 Td (may ) Tj ET Q q 0 0 0 rg BT 442.39 316.10 Td (at ) Tj ET Q q 0 0 0 rg BT 451.38 316.10 Td (some ) Tj ET Q q 0 0 0 rg BT 474.27 316.10 Td (future ) Tj ET Q q 0 0 0 rg BT 499.92 316.10 Td (time ) Tj ET Q q 0 0 0 rg BT 519.48 316.10 Td (be ) Tj ET Q q 0 0 0 rg BT 530.69 316.10 Td (permitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 304.10 Td (by ) Tj ET Q q 0 0 0 rg BT 56.30 304.10 Td (an ) Tj ET Q q 0 0 0 rg BT 69.04 304.10 Td (exemptive ) Tj ET Q q 0 0 0 rg BT 114.00 304.10 Td (order ) Tj ET Q q 0 0 0 rg BT 138.40 304.10 Td (that ) Tj ET Q q 0 0 0 rg BT 156.70 304.10 Td (permits ) Tj ET Q q 0 0 0 rg BT 190.00 304.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 232.72 304.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 279.91 304.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 325.98 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.06 304.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 364.25 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.33 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.85 304.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 414.71 304.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 447.46 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.98 304.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 489.06 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.70 304.10 Td (Section12\(d\)\(1\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 292.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 74.65 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 85.74 292.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 116.27 292.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 141.80 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.56 292.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 207.05 292.10 Td (including ) Tj ET Q q 0 0 0 rg BT 248.14 292.10 Td (that ) Tj ET Q q 0 0 0 rg BT 266.46 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.99 292.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 324.74 292.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 371.94 292.10 Td (company ) Tj ET Q q 0 0 0 rg BT 411.92 292.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 435.22 292.10 Td (into ) Tj ET Q q 0 0 0 rg BT 454.10 292.10 Td (an ) Tj ET Q q 0 0 0 rg BT 466.86 292.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 511.82 292.10 Td (with ) Tj ET Q q 0 0 0 rg BT 532.92 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.45 292.10 Td (Fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 280.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 83.82 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.53 280.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 123.25 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.08 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.80 280.10 Td (investment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 262.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.85 262.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 83.72 262.10 Td (may ) Tj ET Q q 0 0 0 rg BT 103.24 262.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 121.09 262.10 Td (on ) Tj ET Q q 0 0 0 rg BT 133.39 262.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 165.69 262.10 Td (12\(d\)\(1\)\(F\) ) Tj ET Q q 0 0 0 rg BT 213.54 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.28 262.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 251.47 262.10 Td (12d1-3 ) Tj ET Q q 0 0 0 rg BT 282.10 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.74 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.26 262.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 329.05 262.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 348.29 262.10 Td (which ) Tj ET Q q 0 0 0 rg BT 375.04 262.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 407.89 262.10 Td (an ) Tj ET Q q 0 0 0 rg BT 419.63 262.10 Td (exemption ) Tj ET Q q 0 0 0 rg BT 464.14 262.10 Td (from ) Tj ET Q q 0 0 0 rg BT 485.89 262.10 Td (Section12\(d\)\(1\) ) Tj ET Q q 0 0 0 rg BT 554.00 262.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 250.10 Td (allows ) Tj ET Q q 0 0 0 rg BT 71.38 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.87 250.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 108.70 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.75 250.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 144.91 250.10 Td (all ) Tj ET Q q 0 0 0 rg BT 157.18 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.78 250.10 Td (its ) Tj ET Q q 0 0 0 rg BT 179.50 250.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 205.10 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 215.15 250.10 Td (other ) Tj ET Q q 0 0 0 rg BT 237.97 250.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 279.67 250.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 306.66 250.10 Td (including ) Tj ET Q q 0 0 0 rg BT 346.71 250.10 Td (ETFs, ) Tj ET Q q 0 0 0 rg BT 373.15 250.10 Td (if, ) Tj ET Q q 0 0 0 rg BT 384.03 250.10 Td (among ) Tj ET Q q 0 0 0 rg BT 413.52 250.10 Td (other ) Tj ET Q q 0 0 0 rg BT 436.34 250.10 Td (conditions: ) Tj ET Q q 0 0 0 rg BT 483.05 250.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 496.42 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.91 250.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 536.25 250.10 Td (together ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 238.10 Td (with ) Tj ET Q q 0 0 0 rg BT 63.69 238.10 Td (its ) Tj ET Q q 0 0 0 rg BT 76.06 238.10 Td (af) Tj ET Q q 0 0 0 rg BT 83.64 238.10 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 116.27 238.10 Td (acquires ) Tj ET Q q 0 0 0 rg BT 152.50 238.10 Td (no ) Tj ET Q q 0 0 0 rg BT 165.42 238.10 Td (more ) Tj ET Q q 0 0 0 rg BT 188.88 238.10 Td (than ) Tj ET Q q 0 0 0 rg BT 209.01 238.10 Td (three ) Tj ET Q q 0 0 0 rg BT 231.91 238.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 264.25 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.50 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.63 238.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 340.21 238.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 368.68 238.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 392.70 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.95 238.10 Td (any ) Tj ET Q q 0 0 0 rg BT 421.30 238.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 458.64 238.10 Td (fund, ) Tj ET Q q 0 0 0 rg BT 482.38 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.74 238.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 514.31 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.45 238.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 551.80 238.10 Td (load ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 226.10 Td (char) Tj ET Q q 0 0 0 rg BT 60.03 226.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 77.71 226.10 Td (on ) Tj ET Q q 0 0 0 rg BT 90.95 226.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 120.85 226.10 Td (is ) Tj ET Q q 0 0 0 rg BT 130.76 226.10 Td (no ) Tj ET Q q 0 0 0 rg BT 144.00 226.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 175.00 226.10 Td (than ) Tj ET Q q 0 0 0 rg BT 195.45 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.91 226.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 236.94 226.10 Td (set ) Tj ET Q q 0 0 0 rg BT 251.29 226.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 273.97 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.99 226.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 307.11 226.10 Td (2830 ) Tj ET Q q 0 0 0 rg BT 330.35 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.93 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.38 226.10 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 394.51 226.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 420.53 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.10 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.56 226.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 488.01 226.10 Td (Industry ) Tj ET Q q 0 0 0 rg BT 524.58 226.10 Td (Regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.10 Td (Authority) Tj ET Q q 0 0 0 rg BT 81.24 214.10 Td (, ) Tj ET Q q 0 0 0 rg BT 85.63 214.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 102.78 214.10 Td (\(FINRA\). ) Tj ET Q q 0 0 0 rg BT 152.30 214.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 202.20 214.10 Td (, ) Tj ET Q q 0 0 0 rg BT 206.59 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.69 214.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 243.14 214.10 Td (may ) Tj ET Q q 0 0 0 rg BT 262.25 214.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 279.68 214.10 Td (on ) Tj ET Q q 0 0 0 rg BT 291.57 214.10 Td (exemptive ) Tj ET Q q 0 0 0 rg BT 335.11 214.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 358.09 214.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 384.98 214.10 Td (by ) Tj ET Q q 0 0 0 rg BT 396.87 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.98 214.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 431.21 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.87 214.10 Td (other ) Tj ET Q q 0 0 0 rg BT 463.31 214.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 504.62 214.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 531.23 214.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.10 Td (ETFs, ) Tj ET Q q 0 0 0 rg BT 69.70 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 80.02 202.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 106.44 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.75 202.10 Td (such ) Tj ET Q q 0 0 0 rg BT 137.61 202.10 Td (other ) Tj ET Q q 0 0 0 rg BT 160.70 202.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 185.45 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.76 202.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 224.40 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.26 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.01 202.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 275.33 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.19 202.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 318.72 202.10 Td (12\(d\)\(1\) ) Tj ET Q q 0 0 0 rg BT 354.58 202.10 Td (if ) Tj ET Q q 0 0 0 rg BT 363.22 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.97 202.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 401.07 202.10 Td (complies ) Tj ET Q q 0 0 0 rg BT 439.70 202.10 Td (with ) Tj ET Q q 0 0 0 rg BT 460.02 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.77 202.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 499.52 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.49 202.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 560.69 202.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 190.10 Td (such ) Tj ET Q q 0 0 0 rg BT 63.83 190.10 Td (exemptive ) Tj ET Q q 0 0 0 rg BT 107.98 190.10 Td (relief.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 172.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.41 172.10 Td (o ) Tj ET Q q 0 0 0 rg BT 55.60 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 70.01 172.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 96.63 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.04 172.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 133.79 172.10 Td (invests ) Tj ET Q q 0 0 0 rg BT 163.76 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 173.73 172.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 219.24 172.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 243.65 172.10 Td (that ) Tj ET Q q 0 0 0 rg BT 260.84 172.10 Td (are ) Tj ET Q q 0 0 0 rg BT 275.23 172.10 Td (index-based, ) Tj ET Q q 0 0 0 rg BT 328.24 172.10 Td (these ) Tj ET Q q 0 0 0 rg BT 350.98 172.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 396.49 172.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 420.90 172.10 Td (will ) Tj ET Q q 0 0 0 rg BT 438.65 172.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 478.04 172.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 510.22 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.19 172.10 Td (replicate ) Tj ET Q q 0 0 0 rg BT 556.80 172.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 160.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 95.67 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.15 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 112.74 160.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 153.20 160.10 Td (index. ) Tj ET Q q 0 0 0 rg BT 179.59 160.10 Td (An ) Tj ET Q q 0 0 0 rg BT 193.96 160.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 239.43 160.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 259.91 160.10 Td (may ) Tj ET Q q 0 0 0 rg BT 279.27 160.10 Td (not ) Tj ET Q q 0 0 0 rg BT 294.20 160.10 Td (always ) Tj ET Q q 0 0 0 rg BT 324.12 160.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 344.04 160.10 Td (all ) Tj ET Q q 0 0 0 rg BT 356.19 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.67 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.03 160.10 Td (same ) Tj ET Q q 0 0 0 rg BT 403.73 160.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 443.64 160.10 Td (as ) Tj ET Q q 0 0 0 rg BT 454.12 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.48 160.10 Td (index ) Tj ET Q q 0 0 0 rg BT 492.85 160.10 Td (it ) Tj ET Q q 0 0 0 rg BT 500.55 160.10 Td (attempts ) Tj ET Q q 0 0 0 rg BT 536.58 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 546.51 160.10 Td (track. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 148.10 Td (An ) Tj ET Q q 0 0 0 rg BT 58.88 148.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 105.86 148.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 127.85 148.10 Td (may ) Tj ET Q q 0 0 0 rg BT 148.73 148.10 Td (use ) Tj ET Q q 0 0 0 rg BT 165.72 148.10 Td (statistical ) Tj ET Q q 0 0 0 rg BT 207.14 148.10 Td (sampling ) Tj ET Q q 0 0 0 rg BT 247.47 148.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 293.89 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.33 148.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 338.98 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.41 148.10 Td (replicate ) Tj ET Q q 0 0 0 rg BT 388.49 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.37 148.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 435.79 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.78 148.10 Td (an ) Tj ET Q q 0 0 0 rg BT 460.88 148.10 Td (index. ) Tj ET Q q 0 0 0 rg BT 489.26 148.10 Td (Statistical ) Tj ET Q q 0 0 0 rg BT 532.35 148.10 Td (sampling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 136.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 87.17 136.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 118.57 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.75 136.10 Td (match ) Tj ET Q q 0 0 0 rg BT 153.59 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.21 136.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 212.50 136.10 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 271.10 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.83 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.46 136.10 Td (index ) Tj ET Q q 0 0 0 rg BT 318.08 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.92 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.55 136.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 367.28 136.10 Td (by ) Tj ET Q q 0 0 0 rg BT 378.69 136.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 405.09 136.10 Td (into ) Tj ET Q q 0 0 0 rg BT 422.05 136.10 Td (account ) Tj ET Q q 0 0 0 rg BT 454.55 136.10 Td (such ) Tj ET Q q 0 0 0 rg BT 474.29 136.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 502.90 136.10 Td (as ) Tj ET Q q 0 0 0 rg BT 512.64 136.10 Td (capitalization, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 124.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 78.26 124.10 Td (exposures, ) Tj ET Q q 0 0 0 rg BT 123.23 124.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 160.71 124.10 Td (yield, ) Tj ET Q q 0 0 0 rg BT 185.69 124.10 Td (price/earnings ) Tj ET Q q 0 0 0 rg BT 244.81 124.10 Td (\(P/E\) ) Tj ET Q q 0 0 0 rg BT 268.41 124.10 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 291.71 124.10 Td (price/book ) Tj ET Q q 0 0 0 rg BT 336.96 124.10 Td (\(P/B\) ) Tj ET Q q 0 0 0 rg BT 361.11 124.10 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 384.42 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.34 124.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 437.70 124.10 Td (growth. ) Tj ET Q q 0 0 0 rg BT 470.47 124.10 Td (An ) Tj ET Q q 0 0 0 rg BT 485.17 124.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 530.98 124.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 551.79 124.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 112.10 Td (not ) Tj ET Q q 0 0 0 rg BT 58.07 112.10 Td (track ) Tj ET Q q 0 0 0 rg BT 80.35 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.86 112.10 Td (index ) Tj ET Q q 0 0 0 rg BT 119.37 112.10 Td (perfectly ) Tj ET Q q 0 0 0 rg BT 157.19 112.10 Td (because ) Tj ET Q q 0 0 0 rg BT 191.13 112.10 Td (dif) Tj ET Q q 0 0 0 rg BT 202.06 112.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 237.66 112.10 Td (between ) Tj ET Q q 0 0 0 rg BT 273.26 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.77 112.10 Td (index ) Tj ET Q q 0 0 0 rg BT 312.28 112.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.01 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.52 112.10 Td (fund) Tj ET Q q 0 0 0 rg BT 364.63 112.10 Td (s ) Tj ET Q q 0 0 0 rg BT 370.81 112.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 408.10 112.10 Td (can ) Tj ET Q q 0 0 0 rg BT 424.27 112.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 448.77 112.10 Td (dif) Tj ET Q q 0 0 0 rg BT 459.70 112.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 495.30 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 505.37 112.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 560.68 112.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 100.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 81.33 100.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 120.48 100.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.97 100.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 184.90 100.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 210.45 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.72 100.10 Td (size ) Tj ET Q q 0 0 0 rg BT 244.32 100.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.81 100.10 Td (frequency ) Tj ET Q q 0 0 0 rg BT 304.84 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.22 100.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 337.04 100.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 358.43 100.10 Td (into ) Tj ET Q q 0 0 0 rg BT 377.04 100.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.53 100.10 Td (out ) Tj ET Q q 0 0 0 rg BT 410.36 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.74 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.01 100.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 483.39 100.10 Td (fund, ) Tj ET Q q 0 0 0 rg BT 507.28 100.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.77 100.10 Td (dif) Tj ET Q q 0 0 0 rg BT 535.70 100.10 Td (ferences ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 88.10 Td (between ) Tj ET Q q 0 0 0 rg BT 78.82 88.10 Td (how ) Tj ET Q q 0 0 0 rg BT 98.54 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.48 88.10 Td (when ) Tj ET Q q 0 0 0 rg BT 139.64 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.35 88.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 200.18 88.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 221.01 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.95 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.66 88.10 Td (index ) Tj ET Q q 0 0 0 rg BT 277.38 88.10 Td (are ) Tj ET Q q 0 0 0 rg BT 292.09 88.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 321.24 88.10 Td (can ) Tj ET Q q 0 0 0 rg BT 337.62 88.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 362.33 88.10 Td (dif) Tj ET Q q 0 0 0 rg BT 373.25 88.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 409.06 88.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.34 88.10 Td (performance.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 46.60 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (Investments ) Tj ET Q q 0 0 0 rg BT 94.82 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.08 742.10 Td (ETFs ) Tj ET Q q 0 0 0 rg BT 131.24 742.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 164.73 742.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 195.42 742.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 231.68 742.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 254.06 742.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 294.75 742.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 339.33 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 360.60 742.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 411.87 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.13 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 431.06 742.10 Td (broadly-based ) Tj ET Q q 0 0 0 rg BT 491.20 742.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 529.68 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.50 742.10 Td (stocks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (including ) Tj ET Q q 0 0 0 rg BT 83.29 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.01 730.10 Td (following ) Tj ET Q q 0 0 0 rg BT 139.41 730.10 Td (risks: ) Tj ET Q q 0 0 0 rg BT 163.60 730.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 177.77 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.50 730.10 Td (general ) Tj ET Q q 0 0 0 rg BT 224.43 730.10 Td (level ) Tj ET Q q 0 0 0 rg BT 246.38 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.22 730.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 280.84 730.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 307.23 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 326.96 730.10 Td (decline, ) Tj ET Q q 0 0 0 rg BT 360.84 730.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 393.34 730.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 434.17 730.10 Td (af) Tj ET Q q 0 0 0 rg BT 441.76 730.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 472.03 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.76 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 510.93 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.77 730.10 Td (each ) Tj ET Q q 0 0 0 rg BT 542.60 730.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 560.67 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 56.73 718.10 Td (ETF ) Tj ET Q q 0 0 0 rg BT 76.02 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 85.86 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 107.91 718.10 Td (instrument; ) Tj ET Q q 0 0 0 rg BT 154.98 718.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 168.15 718.10 Td (an ) Tj ET Q q 0 0 0 rg BT 179.09 718.10 Td (ETF) Tj ET Q q 0 0 0 rg BT 196.07 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 200.08 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.37 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.10 718.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 249.04 718.10 Td (such ) Tj ET Q q 0 0 0 rg BT 268.88 718.10 Td (ETF ) Tj ET Q q 0 0 0 rg BT 288.17 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 296.35 718.10 Td (index-based, ) Tj ET Q q 0 0 0 rg BT 348.68 718.10 Td (may ) Tj ET Q q 0 0 0 rg BT 367.40 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 381.69 718.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 402.09 718.10 Td (replicate ) Tj ET Q q 0 0 0 rg BT 438.02 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.75 718.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 503.78 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.62 718.10 Td (its ) Tj ET Q q 0 0 0 rg BT 524.58 718.10 Td (benchmark ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (index ) Tj ET Q q 0 0 0 rg BT 67.78 706.10 Td (because ) Tj ET Q q 0 0 0 rg BT 102.00 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.89 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.68 706.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 171.34 706.10 Td (unavailability ) Tj ET Q q 0 0 0 rg BT 228.89 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.79 706.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 269.56 706.10 Td (index ) Tj ET Q q 0 0 0 rg BT 294.34 706.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 334.67 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.02 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.80 706.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 402.91 706.10 Td (market ) Tj ET Q q 0 0 0 rg BT 433.24 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 444.14 706.10 Td (discrepancies ) Tj ET Q q 0 0 0 rg BT 500.57 706.10 Td (between ) Tj ET Q q 0 0 0 rg BT 536.45 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 551.23 706.10 Td (ETF ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 59.72 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.21 694.10 Td (index ) Tj ET Q q 0 0 0 rg BT 98.71 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 118.76 694.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 149.35 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.41 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.91 694.10 Td (weightings ) Tj ET Q q 0 0 0 rg BT 220.07 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.68 694.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 270.72 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 281.33 694.10 Td (number ) Tj ET Q q 0 0 0 rg BT 314.15 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.76 694.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 352.04 694.10 Td (held; ) Tj ET Q q 0 0 0 rg BT 374.31 694.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 388.25 694.10 Td (an ) Tj ET Q q 0 0 0 rg BT 399.97 694.10 Td (ETF ) Tj ET Q q 0 0 0 rg BT 420.02 694.10 Td (may ) Tj ET Q q 0 0 0 rg BT 439.52 694.10 Td (also ) Tj ET Q q 0 0 0 rg BT 457.90 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 469.62 694.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 510.21 694.10 Td (af) Tj ET Q q 0 0 0 rg BT 517.80 694.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 544.50 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 556.78 694.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 96.06 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.92 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.68 682.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 155.31 682.10 Td (index, ) Tj ET Q q 0 0 0 rg BT 182.56 682.10 Td (market ) Tj ET Q q 0 0 0 rg BT 212.86 682.10 Td (sector ) Tj ET Q q 0 0 0 rg BT 239.27 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 250.14 682.10 Td (group ) Tj ET Q q 0 0 0 rg BT 276.00 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.87 682.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 328.29 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 340.83 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 367.80 682.10 Td (it ) Tj ET Q q 0 0 0 rg BT 375.89 682.10 Td (is ) Tj ET Q q 0 0 0 rg BT 385.10 682.10 Td (based; ) Tj ET Q q 0 0 0 rg BT 413.18 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.15 682.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 444.35 682.10 Td (an ) Tj ET Q q 0 0 0 rg BT 456.32 682.10 Td (ETF) Tj ET Q q 0 0 0 rg BT 473.30 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 478.34 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.65 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.40 682.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 530.37 682.10 Td (such ) Tj ET Q q 0 0 0 rg BT 551.24 682.10 Td (ETF ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 51.47 670.10 Td (index-based, ) Tj ET Q q 0 0 0 rg BT 104.09 670.10 Td (may ) Tj ET Q q 0 0 0 rg BT 123.11 670.10 Td (not ) Tj ET Q q 0 0 0 rg BT 137.69 670.10 Td (track ) Tj ET Q q 0 0 0 rg BT 159.48 670.10 Td (an ) Tj ET Q q 0 0 0 rg BT 170.72 670.10 Td (index ) Tj ET Q q 0 0 0 rg BT 194.74 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 204.88 670.10 Td (well ) Tj ET Q q 0 0 0 rg BT 223.90 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 234.03 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.27 670.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 283.17 670.10 Td (index ) Tj ET Q q 0 0 0 rg BT 307.19 670.10 Td (mutual ) Tj ET Q q 0 0 0 rg BT 336.77 670.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 356.90 670.10 Td (because ) Tj ET Q q 0 0 0 rg BT 390.35 670.10 Td (ETFs ) Tj ET Q q 0 0 0 rg BT 413.83 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 427.84 670.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 456.29 670.10 Td (by ) Tj ET Q q 0 0 0 rg BT 468.10 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.12 670.10 Td (market ) Tj ET Q q 0 0 0 rg BT 511.68 670.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 530.43 670.10 Td (therefore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 658.10 Td (there ) Tj ET Q q 0 0 0 rg BT 66.04 658.10 Td (may ) Tj ET Q q 0 0 0 rg BT 86.31 658.10 Td (be ) Tj ET Q q 0 0 0 rg BT 98.80 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 106.29 658.10 Td (dif) Tj ET Q q 0 0 0 rg BT 117.22 658.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 149.69 658.10 Td (between ) Tj ET Q q 0 0 0 rg BT 186.06 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.33 658.10 Td (market ) Tj ET Q q 0 0 0 rg BT 232.14 658.10 Td (value ) Tj ET Q q 0 0 0 rg BT 256.85 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.34 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.61 658.10 Td (ETF) Tj ET Q q 0 0 0 rg BT 310.17 658.10 Td (s ) Tj ET Q q 0 0 0 rg BT 317.11 658.10 Td (NA) Tj ET Q q 0 0 0 rg BT 330.27 658.10 Td (V) Tj ET Q q 0 0 0 rg BT 336.20 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 341.08 658.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 390.98 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.54 658.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 447.36 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 458.19 658.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 481.79 658.10 Td (income ) Tj ET Q q 0 0 0 rg BT 514.28 658.10 Td (ETFs ) Tj ET Q q 0 0 0 rg BT 539.00 658.10 Td (involve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 646.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 73.33 646.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 109.21 646.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 131.23 646.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 171.56 646.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 215.77 646.10 Td (with ) Tj ET Q q 0 0 0 rg BT 236.68 646.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 287.57 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 298.48 646.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 322.15 646.10 Td (income ) Tj ET Q q 0 0 0 rg BT 354.70 646.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 398.09 646.10 Td (including ) Tj ET Q q 0 0 0 rg BT 438.99 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.33 646.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 472.45 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.91 646.10 Td (fluctuation ) Tj ET Q q 0 0 0 rg BT 530.35 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 541.25 646.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 634.10 Td (value ) Tj ET Q q 0 0 0 rg BT 66.80 634.10 Td (based ) Tj ET Q q 0 0 0 rg BT 91.72 634.10 Td (on ) Tj ET Q q 0 0 0 rg BT 103.87 634.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 135.45 634.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 156.48 634.10 Td (rising ) Tj ET Q q 0 0 0 rg BT 181.40 634.10 Td (or ) Tj ET Q q 0 0 0 rg BT 191.88 634.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 231.24 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.83 634.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 268.87 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.35 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 285.93 634.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 322.50 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 332.42 634.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 365.67 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 370.31 634.10 Td (such ) Tj ET Q q 0 0 0 rg BT 390.79 634.10 Td (that ) Tj ET Q q 0 0 0 rg BT 407.94 634.10 Td (no ) Tj ET Q q 0 0 0 rg BT 420.08 634.10 Td (assurances ) Tj ET Q q 0 0 0 rg BT 464.99 634.10 Td (can ) Tj ET Q q 0 0 0 rg BT 481.02 634.10 Td (be ) Tj ET Q q 0 0 0 rg BT 492.60 634.10 Td (made ) Tj ET Q q 0 0 0 rg BT 516.41 634.10 Td (that ) Tj ET Q q 0 0 0 rg BT 533.55 634.10 Td (an ) Tj ET Q q 0 0 0 rg BT 545.14 634.10 Td (active ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 622.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 73.83 622.10 Td (market ) Tj ET Q q 0 0 0 rg BT 104.09 622.10 Td (for ) Tj ET Q q 0 0 0 rg BT 118.25 622.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 164.07 622.10 Td (ETFs ) Tj ET Q q 0 0 0 rg BT 188.24 622.10 Td (will ) Tj ET Q q 0 0 0 rg BT 206.30 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 218.24 622.10 Td (maintained.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 604.10 Td (There ) Tj ET Q q 0 0 0 rg BT 69.27 604.10 Td (is ) Tj ET Q q 0 0 0 rg BT 78.90 604.10 Td (also ) Tj ET Q q 0 0 0 rg BT 97.96 604.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.36 604.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 123.31 604.10 Td (that ) Tj ET Q q 0 0 0 rg BT 141.27 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.44 604.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 202.72 604.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 227.90 604.10 Td (or ) Tj ET Q q 0 0 0 rg BT 239.19 604.10 Td (ETFs ) Tj ET Q q 0 0 0 rg BT 263.81 604.10 Td (may ) Tj ET Q q 0 0 0 rg BT 283.99 604.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 324.70 604.10 Td (due ) Tj ET Q q 0 0 0 rg BT 342.10 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.83 604.10 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 409.65 604.10 Td (events. ) Tj ET Q q 0 0 0 rg BT 440.65 604.10 Td (For ) Tj ET Q q 0 0 0 rg BT 457.50 604.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 496.83 604.10 Td (any ) Tj ET Q q 0 0 0 rg BT 514.23 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.51 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.69 604.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 592.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 82.97 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.95 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.37 592.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 152.90 592.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 173.43 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 183.96 592.10 Td (ETF) Tj ET Q q 0 0 0 rg BT 200.94 592.10 Td (, ) Tj ET Q q 0 0 0 rg BT 205.64 592.10 Td (such ) Tj ET Q q 0 0 0 rg BT 226.17 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 236.71 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.13 592.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 279.98 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 290.51 592.10 Td (sponsor) Tj ET Q q 0 0 0 rg BT 321.23 592.10 Td (, ) Tj ET Q q 0 0 0 rg BT 325.93 592.10 Td (may ) Tj ET Q q 0 0 0 rg BT 345.35 592.10 Td (close ) Tj ET Q q 0 0 0 rg BT 368.10 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 378.63 592.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 419.71 592.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 435.24 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.22 592.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 479.63 592.10 Td (their ) Tj ET Q q 0 0 0 rg BT 500.15 592.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 546.80 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 556.78 592.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 580.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 89.00 580.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 110.01 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 121.02 580.10 Td (ETF) Tj ET Q q 0 0 0 rg BT 137.99 580.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.17 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.29 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.18 580.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 221.18 580.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 242.19 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 253.20 580.10 Td (ETF ) Tj ET Q q 0 0 0 rg BT 273.65 580.10 Td (may ) Tj ET Q q 0 0 0 rg BT 293.55 580.10 Td (not ) Tj ET Q q 0 0 0 rg BT 309.00 580.10 Td (be ) Tj ET Q q 0 0 0 rg BT 321.12 580.10 Td (able ) Tj ET Q q 0 0 0 rg BT 340.45 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.91 580.10 Td (find ) Tj ET Q q 0 0 0 rg BT 369.69 580.10 Td (a ) Tj ET Q q 0 0 0 rg BT 376.81 580.10 Td (substitute ) Tj ET Q q 0 0 0 rg BT 417.82 580.10 Td (service ) Tj ET Q q 0 0 0 rg BT 448.81 580.10 Td (provider) Tj ET Q q 0 0 0 rg BT 482.14 580.10 Td (. ) Tj ET Q q 0 0 0 rg BT 486.73 580.10 Td (Also, ) Tj ET Q q 0 0 0 rg BT 510.79 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.69 580.10 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 568.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 63.34 568.10 Td (or ) Tj ET Q q 0 0 0 rg BT 73.68 568.10 Td (ETF ) Tj ET Q q 0 0 0 rg BT 93.47 568.10 Td (may ) Tj ET Q q 0 0 0 rg BT 112.70 568.10 Td (be ) Tj ET Q q 0 0 0 rg BT 124.15 568.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 167.26 568.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 189.27 568.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 222.94 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 232.73 568.10 Td (use ) Tj ET Q q 0 0 0 rg BT 248.07 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.30 568.10 Td (various ) Tj ET Q q 0 0 0 rg BT 293.75 568.10 Td (indices ) Tj ET Q q 0 0 0 rg BT 324.08 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 334.43 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 340.88 568.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 362.89 568.10 Td (for ) Tj ET Q q 0 0 0 rg BT 376.56 568.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 426.89 568.10 Td (their ) Tj ET Q q 0 0 0 rg BT 447.23 568.10 Td (compositions ) Tj ET Q q 0 0 0 rg BT 502.58 568.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 530.13 568.10 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 53.56 556.10 Td (use ) Tj ET Q q 0 0 0 rg BT 69.67 556.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 99.66 556.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 122.42 556.10 Td (names. ) Tj ET Q q 0 0 0 rg BT 153.25 556.10 Td (If ) Tj ET Q q 0 0 0 rg BT 162.70 556.10 Td (these ) Tj ET Q q 0 0 0 rg BT 186.03 556.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 220.46 556.10 Td (are ) Tj ET Q q 0 0 0 rg BT 235.45 556.10 Td (terminated, ) Tj ET Q q 0 0 0 rg BT 283.49 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.49 556.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 341.81 556.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 387.91 556.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 409.03 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 420.14 556.10 Td (ETF ) Tj ET Q q 0 0 0 rg BT 440.70 556.10 Td (may ) Tj ET Q q 0 0 0 rg BT 460.70 556.10 Td (also ) Tj ET Q q 0 0 0 rg BT 479.59 556.10 Td (terminate. ) Tj ET Q q 0 0 0 rg BT 522.63 556.10 Td (In ) Tj ET Q q 0 0 0 rg BT 533.74 556.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 544.10 Td (an ) Tj ET Q q 0 0 0 rg BT 54.94 544.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 100.76 544.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 121.59 544.10 Td (or ) Tj ET Q q 0 0 0 rg BT 132.42 544.10 Td (ETF ) Tj ET Q q 0 0 0 rg BT 152.70 544.10 Td (may ) Tj ET Q q 0 0 0 rg BT 172.42 544.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 212.68 544.10 Td (if ) Tj ET Q q 0 0 0 rg BT 221.29 544.10 Td (its ) Tj ET Q q 0 0 0 rg BT 233.23 544.10 Td (net ) Tj ET Q q 0 0 0 rg BT 247.95 544.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 273.78 544.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 289.61 544.10 Td (below ) Tj ET Q q 0 0 0 rg BT 316.54 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 323.48 544.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 353.19 544.10 Td (amount.) Tj ET Q BT /F2 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 532.87 121.39 -8.93 re f /GS0 gs q 0 0 0 rg BT 43.00 526.10 Td (Money ) Tj ET Q q 0 0 0 rg BT 74.95 526.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 109.66 526.10 Td (Instruments.) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 164.39 533.03 407.13 -8.93 re f /GS0 gs q 0 0 0 rg BT 164.39 526.10 Td () Tj ET Q q 0 0 0 rg BT 166.71 526.10 Td (The ) Tj ET Q q 0 0 0 rg BT 184.76 526.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 207.83 526.10 Td (may ) Tj ET Q q 0 0 0 rg BT 227.56 526.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 253.96 526.10 Td (a ) Tj ET Q q 0 0 0 rg BT 260.90 526.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 292.30 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.14 526.10 Td (its ) Tj ET Q q 0 0 0 rg BT 315.09 526.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 340.93 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 351.22 526.10 Td (high-quality ) Tj ET Q q 0 0 0 rg BT 402.61 526.10 Td (money ) Tj ET Q q 0 0 0 rg BT 432.34 526.10 Td (market ) Tj ET Q q 0 0 0 rg BT 462.61 526.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 511.78 526.10 Td (on ) Tj ET Q q 0 0 0 rg BT 524.29 526.10 Td (an ) Tj ET Q q 0 0 0 rg BT 536.24 526.10 Td (ongoing ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 521.03 528.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 514.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 64.97 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 74.71 514.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 107.22 514.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 143.08 514.10 Td (or ) Tj ET Q q 0 0 0 rg BT 153.37 514.10 Td (for ) Tj ET Q q 0 0 0 rg BT 167.00 514.10 Td (other ) Tj ET Q q 0 0 0 rg BT 189.51 514.10 Td (reasons. ) Tj ET Q q 0 0 0 rg BT 223.82 514.10 Td (The ) Tj ET Q q 0 0 0 rg BT 241.34 514.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 289.97 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 299.71 514.10 Td (which ) Tj ET Q q 0 0 0 rg BT 326.11 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.30 514.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 362.82 514.10 Td (may ) Tj ET Q q 0 0 0 rg BT 382.01 514.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 407.86 514.10 Td (include: ) Tj ET Q q 0 0 0 rg BT 442.04 514.10 Td (\(i\)short-term ) Tj ET Q q 0 0 0 rg BT 497.59 514.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 544.00 514.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 509.03 528.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 56.09 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 71.39 502.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 92.26 502.10 Td (Government; ) Tj ET Q q 0 0 0 rg BT 148.11 502.10 Td (\(ii\)negotiable ) Tj ET Q q 0 0 0 rg BT 207.56 502.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 254.50 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.92 502.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 297.89 502.10 Td (\(CDs\), ) Tj ET Q q 0 0 0 rg BT 336.80 502.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 360.43 502.10 Td (time ) Tj ET Q q 0 0 0 rg BT 381.29 502.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 417.16 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.68 502.10 Td (bankers) Tj ET Q q 0 0 0 rg BT 468.37 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.45 502.10 Td (acceptances ) Tj ET Q q 0 0 0 rg BT 522.28 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.69 502.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 554.56 502.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 497.03 528.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 490.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 73.97 490.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 99.39 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.92 490.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 145.78 490.10 Td (institutions; ) Tj ET Q q 0 0 0 rg BT 195.10 490.10 Td (\(iii\)commercial ) Tj ET Q q 0 0 0 rg BT 261.88 490.10 Td (paper ) Tj ET Q q 0 0 0 rg BT 286.18 490.10 Td (rated ) Tj ET Q q 0 0 0 rg BT 308.25 490.10 Td (at ) Tj ET Q q 0 0 0 rg BT 317.56 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.87 490.10 Td (date ) Tj ET Q q 0 0 0 rg BT 350.61 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.03 490.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 398.66 490.10 Td (Prime-1 ) Tj ET Q q 0 0 0 rg BT 441.84 490.10 Td (by ) Tj ET Q q 0 0 0 rg BT 453.93 490.10 Td (Moody) Tj ET Q q 0 0 0 rg BT 485.60 490.10 Td (s ) Tj ET Q q 0 0 0 rg BT 491.58 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 502.00 490.10 Td (A-1+ ) Tj ET Q q 0 0 0 rg BT 534.16 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 544.58 490.10 Td (A-1 ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 485.03 528.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 478.10 Td (by ) Tj ET Q q 0 0 0 rg BT 55.17 478.10 Td (Standard ) Tj ET Q q 0 0 0 rg BT 92.88 478.10 Td (& ) Tj ET Q q 0 0 0 rg BT 102.83 478.10 Td (Poor) Tj ET Q q 0 0 0 rg BT 122.09 478.10 Td () Tj ET Q q 0 0 0 rg BT 124.87 478.10 Td (s ) Tj ET Q q 0 0 0 rg BT 130.93 478.10 Td (\(S&P\) ) Tj ET Q q 0 0 0 rg BT 167.53 478.10 Td (or) Tj ET Q q 0 0 0 rg BT 175.46 478.10 Td (, ) Tj ET Q q 0 0 0 rg BT 180.13 478.10 Td (if ) Tj ET Q q 0 0 0 rg BT 188.40 478.10 Td (unrated, ) Tj ET Q q 0 0 0 rg BT 223.06 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.55 478.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 282.36 478.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 312.30 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 322.80 478.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 369.95 478.10 Td (by ) Tj ET Q q 0 0 0 rg BT 382.11 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.50 478.10 Td (Fund; ) Tj ET Q q 0 0 0 rg BT 422.00 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.61 478.10 Td (\(iv\)repurchase ) Tj ET Q q 0 0 0 rg BT 501.02 478.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 551.22 478.10 Td (CDs ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 473.03 528.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 466.10 Td (are ) Tj ET Q q 0 0 0 rg BT 59.64 466.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 105.73 466.10 Td (negotiable ) Tj ET Q q 0 0 0 rg BT 151.82 466.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 200.69 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.46 466.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 265.09 466.10 Td (banks. ) Tj ET Q q 0 0 0 rg BT 295.04 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 300.79 466.10 Td (ime ) Tj ET Q q 0 0 0 rg BT 320.22 466.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 357.43 466.10 Td (are ) Tj ET Q q 0 0 0 rg BT 374.08 466.10 Td (non-negotiable ) Tj ET Q q 0 0 0 rg BT 438.49 466.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 475.70 466.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 524.57 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 536.78 466.10 Td (banking ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 461.03 528.50 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 454.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 89.82 454.10 Td (for ) Tj ET Q q 0 0 0 rg BT 103.85 454.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 142.31 454.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 174.11 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.81 454.10 Td (time ) Tj ET Q q 0 0 0 rg BT 204.95 454.10 Td (at ) Tj ET Q q 0 0 0 rg BT 214.54 454.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 240.23 454.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 272.03 454.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 295.77 454.10 Td (Banker) Tj ET Q q 0 0 0 rg BT 325.02 454.10 Td () Tj ET Q q 0 0 0 rg BT 327.80 454.10 Td (s ) Tj ET Q q 0 0 0 rg BT 334.06 454.10 Td (acceptances ) Tj ET Q q 0 0 0 rg BT 384.17 454.10 Td (are ) Tj ET Q q 0 0 0 rg BT 398.74 454.10 Td (time ) Tj ET Q q 0 0 0 rg BT 418.88 454.10 Td (drafts ) Tj ET Q q 0 0 0 rg BT 444.02 454.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 471.37 454.10 Td (on ) Tj ET Q q 0 0 0 rg BT 483.74 454.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 533.30 454.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 559.00 454.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 449.03 257.16 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 442.10 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 88.54 442.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 119.93 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.21 442.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 176.58 442.10 Td (with ) Tj ET Q q 0 0 0 rg BT 196.86 442.10 Td (international ) Tj ET Q q 0 0 0 rg BT 249.89 442.10 Td (transactions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 424.10 Td (Other) Tj ET Q q 0 0 0 rg BT 68.37 424.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.98 424.10 Td (Short-T) Tj ET Q q 0 0 0 rg BT 102.96 424.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 121.78 424.10 Td (Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.01 424.10 Td (. ) Tj ET Q q 0 0 0 rg BT 178.01 424.10 Td (The ) Tj ET Q q 0 0 0 rg BT 195.18 424.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 217.36 424.10 Td (may ) Tj ET Q q 0 0 0 rg BT 236.19 424.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 261.70 424.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.10 424.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 314.37 424.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 365.15 424.10 Td (including ) Tj ET Q q 0 0 0 rg BT 404.55 424.10 Td (money ) Tj ET Q q 0 0 0 rg BT 433.38 424.10 Td (market ) Tj ET Q q 0 0 0 rg BT 462.76 424.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 513.55 424.10 Td (on ) Tj ET Q q 0 0 0 rg BT 525.17 424.10 Td (an ) Tj ET Q q 0 0 0 rg BT 536.22 424.10 Td (ongoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 412.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 65.49 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 75.75 412.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 108.78 412.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 145.16 412.10 Td (or ) Tj ET Q q 0 0 0 rg BT 155.97 412.10 Td (for ) Tj ET Q q 0 0 0 rg BT 170.12 412.10 Td (other ) Tj ET Q q 0 0 0 rg BT 193.15 412.10 Td (reasons. ) Tj ET Q q 0 0 0 rg BT 228.13 412.10 Td (Money ) Tj ET Q q 0 0 0 rg BT 258.94 412.10 Td (market ) Tj ET Q q 0 0 0 rg BT 289.19 412.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 338.34 412.10 Td (are ) Tj ET Q q 0 0 0 rg BT 353.03 412.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 392.72 412.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 436.86 412.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 487.12 412.10 Td (that ) Tj ET Q q 0 0 0 rg BT 504.60 412.10 Td (may ) Tj ET Q q 0 0 0 rg BT 524.30 412.10 Td (include ) Tj ET Q q 0 0 0 rg BT 556.22 412.10 Td (but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 400.10 Td (are ) Tj ET Q q 0 0 0 rg BT 58.21 400.10 Td (not ) Tj ET Q q 0 0 0 rg BT 73.99 400.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 105.33 400.10 Td (to: ) Tj ET Q q 0 0 0 rg BT 118.89 400.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 131.33 400.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 159.33 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.66 400.10 Td (money ) Tj ET Q q 0 0 0 rg BT 200.88 400.10 Td (market ) Tj ET Q q 0 0 0 rg BT 231.65 400.10 Td (funds; ) Tj ET Q q 0 0 0 rg BT 259.66 400.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 274.88 400.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 322.32 400.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 350.33 400.10 Td (or ) Tj ET Q q 0 0 0 rg BT 361.66 400.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 408.53 400.10 Td (by ) Tj ET Q q 0 0 0 rg BT 421.53 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.76 400.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 457.54 400.10 Td (government, ) Tj ET Q q 0 0 0 rg BT 510.81 400.10 Td (its ) Tj ET Q q 0 0 0 rg BT 523.26 400.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 560.69 400.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 388.10 Td (instrumentalities ) Tj ET Q q 0 0 0 rg BT 111.45 388.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 154.34 388.10 Td (government-sponsored ) Tj ET Q q 0 0 0 rg BT 247.78 388.10 Td (enterprises\); ) Tj ET Q q 0 0 0 rg BT 299.00 388.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 315.78 388.10 Td (negotiable ) Tj ET Q q 0 0 0 rg BT 359.23 388.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 404.88 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.00 388.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 445.68 388.10 Td (\(CDs\), ) Tj ET Q q 0 0 0 rg BT 483.29 388.10 Td (bankers) Tj ET Q q 0 0 0 rg BT 516.97 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.77 388.10 Td (acceptances, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 376.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 64.81 376.10 Td (time ) Tj ET Q q 0 0 0 rg BT 83.85 376.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 117.90 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.60 376.10 Td (other ) Tj ET Q q 0 0 0 rg BT 155.41 376.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 201.12 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.72 376.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 229.77 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.47 376.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 275.62 376.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 300.21 376.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 342.58 376.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 372.73 376.10 Td (branches\) ) Tj ET Q q 0 0 0 rg BT 412.86 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.56 376.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 457.60 376.10 Td (institutions; ) Tj ET Q q 0 0 0 rg BT 506.10 376.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 521.81 376.10 Td (commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 364.10 Td (paper ) Tj ET Q q 0 0 0 rg BT 67.97 364.10 Td (rated ) Tj ET Q q 0 0 0 rg BT 90.72 364.10 Td (at ) Tj ET Q q 0 0 0 rg BT 100.70 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.69 364.10 Td (date ) Tj ET Q q 0 0 0 rg BT 135.11 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.20 364.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 184.50 364.10 Td (Prime-1 ) Tj ET Q q 0 0 0 rg BT 228.36 364.10 Td (by ) Tj ET Q q 0 0 0 rg BT 241.13 364.10 Td (Moody) Tj ET Q q 0 0 0 rg BT 272.80 364.10 Td (s ) Tj ET Q q 0 0 0 rg BT 279.46 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 290.55 364.10 Td (A-1 ) Tj ET Q q 0 0 0 rg BT 317.74 364.10 Td (by ) Tj ET Q q 0 0 0 rg BT 330.51 364.10 Td (S&P) Tj ET Q q 0 0 0 rg BT 349.04 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.80 364.10 Td (or) Tj ET Q q 0 0 0 rg BT 359.73 364.10 Td (, ) Tj ET Q q 0 0 0 rg BT 365.00 364.10 Td (if ) Tj ET Q q 0 0 0 rg BT 373.87 364.10 Td (unrated, ) Tj ET Q q 0 0 0 rg BT 409.12 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.22 364.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 469.62 364.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 500.16 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 511.26 364.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 559.00 364.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.85 352.10 Td (Sub-Adviser; ) Tj ET Q q 0 0 0 rg BT 113.82 352.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 128.11 352.10 Td (non-convertible ) Tj ET Q q 0 0 0 rg BT 194.05 352.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 234.44 352.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 254.29 352.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 294.69 352.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 317.59 352.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 344.12 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.19 352.10 Td (debentures\) ) Tj ET Q q 0 0 0 rg BT 410.47 352.10 Td (with ) Tj ET Q q 0 0 0 rg BT 430.89 352.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 474.06 352.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 516.69 352.10 Td (at ) Tj ET Q q 0 0 0 rg BT 526.54 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.39 352.10 Td (date ) Tj ET Q q 0 0 0 rg BT 560.68 352.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 340.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 80.88 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.54 340.10 Td (not ) Tj ET Q q 0 0 0 rg BT 106.66 340.10 Td (more ) Tj ET Q q 0 0 0 rg BT 129.54 340.10 Td (than ) Tj ET Q q 0 0 0 rg BT 149.10 340.10 Td (397 ) Tj ET Q q 0 0 0 rg BT 166.44 340.10 Td (days ) Tj ET Q q 0 0 0 rg BT 187.10 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.88 340.10 Td (that ) Tj ET Q q 0 0 0 rg BT 221.21 340.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 249.66 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.21 340.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 289.88 340.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 344.42 340.10 Td (set ) Tj ET Q q 0 0 0 rg BT 357.86 340.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 379.64 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 389.76 340.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 410.98 340.10 Td (2a-7 ) Tj ET Q q 0 0 0 rg BT 431.09 340.10 Td (under ) Tj ET Q q 0 0 0 rg BT 456.19 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.75 340.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 492.57 340.10 Td (Act; ) Tj ET Q q 0 0 0 rg BT 512.13 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.90 340.10 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 545.68 340.10 Td (short-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 328.10 Td (term ) Tj ET Q q 0 0 0 rg BT 65.05 328.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 86.55 328.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 109.68 328.10 Td (-denominated ) Tj ET Q q 0 0 0 rg BT 168.38 328.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 216.55 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.60 328.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 261.20 328.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 288.25 328.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 333.08 328.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 354.58 328.10 Td (branches\) ) Tj ET Q q 0 0 0 rg BT 397.17 328.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 418.39 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.89 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.83 328.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 480.11 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.16 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.27 328.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 538.53 328.10 Td (, ) Tj ET Q q 0 0 0 rg BT 544.76 328.10 Td (are ) Tj ET Q q 0 0 0 rg BT 560.69 328.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 316.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 92.32 316.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 122.78 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.24 316.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 180.37 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.38 316.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 211.85 316.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 237.86 316.10 Td (which ) Tj ET Q q 0 0 0 rg BT 264.98 316.10 Td (may ) Tj ET Q q 0 0 0 rg BT 284.88 316.10 Td (be ) Tj ET Q q 0 0 0 rg BT 297.00 316.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 340.22 316.10 Td (by ) Tj ET Q q 0 0 0 rg BT 352.91 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.81 316.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 392.96 316.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 412.86 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.88 316.10 Td (these ) Tj ET Q q 0 0 0 rg BT 447.11 316.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 496.46 316.10 Td (may ) Tj ET Q q 0 0 0 rg BT 516.36 316.10 Td (be ) Tj ET Q q 0 0 0 rg BT 528.48 316.10 Td (purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 304.10 Td (on ) Tj ET Q q 0 0 0 rg BT 55.08 304.10 Td (a ) Tj ET Q q 0 0 0 rg BT 61.60 304.10 Td (current ) Tj ET Q q 0 0 0 rg BT 92.00 304.10 Td (or ) Tj ET Q q 0 0 0 rg BT 102.41 304.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.94 304.10 Td (forward-settled ) Tj ET Q q 0 0 0 rg BT 172.10 304.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 196.68 304.10 Td (Money ) Tj ET Q q 0 0 0 rg BT 227.10 304.10 Td (market ) Tj ET Q q 0 0 0 rg BT 256.94 304.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 305.69 304.10 Td (also ) Tj ET Q q 0 0 0 rg BT 323.88 304.10 Td (include ) Tj ET Q q 0 0 0 rg BT 355.40 304.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 382.47 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.88 304.10 Td (money ) Tj ET Q q 0 0 0 rg BT 422.18 304.10 Td (market ) Tj ET Q q 0 0 0 rg BT 452.03 304.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 478.68 304.10 Td (T) Tj ET Q q 0 0 0 rg BT 484.44 304.10 Td (ime ) Tj ET Q q 0 0 0 rg BT 501.52 304.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 536.38 304.10 Td (are ) Tj ET Q q 0 0 0 rg BT 550.67 304.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 292.10 Td (negotiable ) Tj ET Q q 0 0 0 rg BT 87.17 292.10 Td (deposits ) Tj ET Q q 0 0 0 rg BT 122.46 292.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 169.40 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.69 292.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 214.43 292.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 261.39 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 275.57 292.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 314.18 292.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 346.13 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.97 292.10 Td (time ) Tj ET Q q 0 0 0 rg BT 377.26 292.10 Td (at ) Tj ET Q q 0 0 0 rg BT 386.99 292.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 412.83 292.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 444.78 292.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 468.67 292.10 Td (Bankers) Tj ET Q q 0 0 0 rg BT 504.03 292.10 Td ( ) Tj ET Q q 0 0 0 rg BT 506.54 292.10 Td (acceptances ) Tj ET Q q 0 0 0 rg BT 556.80 292.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 280.10 Td (time ) Tj ET Q q 0 0 0 rg BT 63.27 280.10 Td (drafts ) Tj ET Q q 0 0 0 rg BT 88.54 280.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 116.03 280.10 Td (on ) Tj ET Q q 0 0 0 rg BT 128.53 280.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 178.23 280.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 204.06 280.10 Td (by ) Tj ET Q q 0 0 0 rg BT 216.56 280.10 Td (borrowers, ) Tj ET Q q 0 0 0 rg BT 262.10 280.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 293.49 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.77 280.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 350.14 280.10 Td (with ) Tj ET Q q 0 0 0 rg BT 370.42 280.10 Td (international ) Tj ET Q q 0 0 0 rg BT 423.45 280.10 Td (transactions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 262.10 Td (Real ) Tj ET Q q 0 0 0 rg BT 64.32 262.10 Td (Estate ) Tj ET Q q 0 0 0 rg BT 92.87 262.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 142.39 262.10 Td (T) Tj ET Q q 0 0 0 rg BT 148.31 262.10 Td (rusts ) Tj ET Q q 0 0 0 rg BT 171.31 262.10 Td (\(REIT) Tj ET Q q 0 0 0 rg BT 203.18 262.10 Td (s\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.90 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 219.37 262.10 Td (A) Tj ET Q q 0 0 0 rg BT 226.04 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.92 262.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 249.96 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.84 262.10 Td (is ) Tj ET Q q 0 0 0 rg BT 260.39 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.72 262.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 314.69 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 324.91 262.10 Td (business ) Tj ET Q q 0 0 0 rg BT 360.68 262.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 380.35 262.10 Td (\(that ) Tj ET Q q 0 0 0 rg BT 400.55 262.10 Td (would ) Tj ET Q q 0 0 0 rg BT 427.44 262.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 468.20 262.10 Td (be ) Tj ET Q q 0 0 0 rg BT 479.52 262.10 Td (taxed ) Tj ET Q q 0 0 0 rg BT 503.06 262.10 Td (as ) Tj ET Q q 0 0 0 rg BT 513.27 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.60 262.10 Td (corporation\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 250.10 Td (which ) Tj ET Q q 0 0 0 rg BT 70.87 250.10 Td (meets ) Tj ET Q q 0 0 0 rg BT 97.63 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.28 250.10 Td (definitional ) Tj ET Q q 0 0 0 rg BT 162.81 250.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 218.44 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.20 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.85 250.10 Td (Code. ) Tj ET Q q 0 0 0 rg BT 272.64 250.10 Td (The ) Tj ET Q q 0 0 0 rg BT 291.62 250.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 316.16 250.10 Td (permits ) Tj ET Q q 0 0 0 rg BT 349.59 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 357.46 250.10 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 401.99 250.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 424.03 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 427.46 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.67 250.10 Td (deduct ) Tj ET Q q 0 0 0 rg BT 468.76 250.10 Td (from ) Tj ET Q q 0 0 0 rg BT 491.63 250.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 523.93 250.10 Td (income ) Tj ET Q q 0 0 0 rg BT 556.80 250.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 238.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 84.00 238.10 Td (paid, ) Tj ET Q q 0 0 0 rg BT 105.82 238.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 137.91 238.10 Td (ef) Tj ET Q q 0 0 0 rg BT 145.50 238.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 182.59 238.10 Td (eliminating ) Tj ET Q q 0 0 0 rg BT 230.25 238.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 270.11 238.10 Td (level ) Tj ET Q q 0 0 0 rg BT 291.65 238.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 321.51 238.10 Td (income ) Tj ET Q q 0 0 0 rg BT 353.05 238.10 Td (tax. ) Tj ET Q q 0 0 0 rg BT 369.73 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 375.14 238.10 Td (o ) Tj ET Q q 0 0 0 rg BT 382.25 238.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 403.79 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.11 238.10 Td (definitional ) Tj ET Q q 0 0 0 rg BT 466.32 238.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 520.63 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.07 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.39 238.10 Td (Code, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 49.41 226.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 71.45 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 73.42 226.10 Td (must, ) Tj ET Q q 0 0 0 rg BT 97.34 226.10 Td (among ) Tj ET Q q 0 0 0 rg BT 126.53 226.10 Td (other ) Tj ET Q q 0 0 0 rg BT 149.05 226.10 Td (things: ) Tj ET Q q 0 0 0 rg BT 178.25 226.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 204.11 226.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 256.63 226.10 Td (all ) Tj ET Q q 0 0 0 rg BT 268.60 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.90 226.10 Td (its ) Tj ET Q q 0 0 0 rg BT 290.32 226.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 315.63 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.38 226.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 360.68 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.43 226.10 Td (real ) Tj ET Q q 0 0 0 rg BT 387.38 226.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 412.12 226.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 455.20 226.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 498.83 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.24 226.10 Td (other ) Tj ET Q q 0 0 0 rg BT 537.76 226.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 559.27 226.10 Td (s\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 63.55 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 80.77 214.10 Td (government ) Tj ET Q q 0 0 0 rg BT 131.31 214.10 Td (securities; ) Tj ET Q q 0 0 0 rg BT 174.64 214.10 Td (derive ) Tj ET Q q 0 0 0 rg BT 202.40 214.10 Td (most ) Tj ET Q q 0 0 0 rg BT 224.63 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.74 214.10 Td (its ) Tj ET Q q 0 0 0 rg BT 247.97 214.10 Td (income ) Tj ET Q q 0 0 0 rg BT 280.19 214.10 Td (from ) Tj ET Q q 0 0 0 rg BT 302.40 214.10 Td (rents ) Tj ET Q q 0 0 0 rg BT 324.62 214.10 Td (from ) Tj ET Q q 0 0 0 rg BT 346.84 214.10 Td (real ) Tj ET Q q 0 0 0 rg BT 364.61 214.10 Td (property ) Tj ET Q q 0 0 0 rg BT 401.27 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 412.38 214.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 444.59 214.10 Td (on ) Tj ET Q q 0 0 0 rg BT 457.37 214.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 481.26 214.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 514.58 214.10 Td (by ) Tj ET Q q 0 0 0 rg BT 527.36 214.10 Td (mortgages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 55.24 202.10 Td (real ) Tj ET Q q 0 0 0 rg BT 72.46 202.10 Td (property; ) Tj ET Q q 0 0 0 rg BT 111.36 202.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 130.53 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.55 202.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 174.71 202.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 214.73 202.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 251.40 202.10 Td (90% ) Tj ET Q q 0 0 0 rg BT 271.97 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 282.54 202.10 Td (more ) Tj ET Q q 0 0 0 rg BT 305.32 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.89 202.10 Td (its ) Tj ET Q q 0 0 0 rg BT 327.58 202.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 358.69 202.10 Td (income ) Tj ET Q q 0 0 0 rg BT 390.36 202.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 416.48 202.10 Td (than ) Tj ET Q q 0 0 0 rg BT 435.93 202.10 Td (net ) Tj ET Q q 0 0 0 rg BT 450.39 202.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 479.28 202.10 Td (gains\) ) Tj ET Q q 0 0 0 rg BT 505.95 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.97 202.10 Td (shareholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 184.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 64.52 184.10 Td (s ) Tj ET Q q 0 0 0 rg BT 71.24 184.10 Td (are ) Tj ET Q q 0 0 0 rg BT 86.28 184.10 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 131.89 184.10 Td (informally ) Tj ET Q q 0 0 0 rg BT 176.94 184.10 Td (characterized ) Tj ET Q q 0 0 0 rg BT 233.06 184.10 Td (as ) Tj ET Q q 0 0 0 rg BT 244.22 184.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 273.72 184.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 295.24 184.10 Td (s ) Tj ET Q q 0 0 0 rg BT 301.96 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.23 184.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 360.94 184.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 382.46 184.10 Td (s. ) Tj ET Q q 0 0 0 rg BT 391.06 184.10 Td (An ) Tj ET Q q 0 0 0 rg BT 406.12 184.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 435.62 184.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 457.65 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.49 184.10 Td (invests ) Tj ET Q q 0 0 0 rg BT 491.10 184.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 531.14 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 541.75 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 556.81 184.10 Td (fee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 172.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 87.34 172.10 Td (or ) Tj ET Q q 0 0 0 rg BT 98.35 172.10 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 138.80 172.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 183.14 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.15 172.10 Td (land ) Tj ET Q q 0 0 0 rg BT 214.05 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.17 172.10 Td (buildings ) Tj ET Q q 0 0 0 rg BT 271.08 172.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 294.03 172.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 343.91 172.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 371.59 172.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 393.11 172.10 Td (s ) Tj ET Q q 0 0 0 rg BT 399.68 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.80 172.10 Td (residential ) Tj ET Q q 0 0 0 rg BT 461.14 172.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 488.81 172.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 510.33 172.10 Td (s\); ) Tj ET Q q 0 0 0 rg BT 523.01 172.10 Td (a ) Tj ET Q q 0 0 0 rg BT 530.13 172.10 Td (Mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 160.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 65.04 160.10 Td ( ) Tj ET Q q 0 0 0 rg BT 67.54 160.10 Td (invests ) Tj ET Q q 0 0 0 rg BT 97.81 160.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 137.53 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.80 160.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 191.96 160.10 Td (on ) Tj ET Q q 0 0 0 rg BT 204.46 160.10 Td (real ) Tj ET Q q 0 0 0 rg BT 221.95 160.10 Td (property) Tj ET Q q 0 0 0 rg BT 255.17 160.10 Td (, ) Tj ET Q q 0 0 0 rg BT 260.17 160.10 Td (which ) Tj ET Q q 0 0 0 rg BT 287.11 160.10 Td (may ) Tj ET Q q 0 0 0 rg BT 306.83 160.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 334.87 160.10 Td (construction, ) Tj ET Q q 0 0 0 rg BT 389.30 160.10 Td (development ) Tj ET Q q 0 0 0 rg BT 443.45 160.10 Td (or ) Tj ET Q q 0 0 0 rg BT 454.28 160.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 496.21 160.10 Td (loans.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 46.60 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 64.52 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 71.13 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 91.07 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 103.23 742.10 Td (af) Tj ET Q q 0 0 0 rg BT 110.82 742.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 137.96 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 150.68 742.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 185.61 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.11 742.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 242.16 742.10 Td (real ) Tj ET Q q 0 0 0 rg BT 259.86 742.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 285.35 742.10 Td (values, ) Tj ET Q q 0 0 0 rg BT 316.12 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 343.28 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 363.21 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 384.81 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 396.97 742.10 Td (exaggerated ) Tj ET Q q 0 0 0 rg BT 447.99 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 455.58 742.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 473.29 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.79 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.73 742.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 525.88 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 543.60 742.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 565.12 742.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 52.67 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 79.01 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.12 730.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 115.57 730.10 Td (invests ) Tj ET Q q 0 0 0 rg BT 145.25 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 164.36 730.10 Td (concentrate ) Tj ET Q q 0 0 0 rg BT 212.33 730.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 262.00 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.67 730.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 311.88 730.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 358.20 730.10 Td (regions ) Tj ET Q q 0 0 0 rg BT 389.53 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 399.75 730.10 Td (property ) Tj ET Q q 0 0 0 rg BT 435.52 730.10 Td (types. ) Tj ET Q q 0 0 0 rg BT 460.61 730.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 510.51 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 514.91 730.10 Td (rising ) Tj ET Q q 0 0 0 rg BT 539.58 730.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 64.82 718.10 Td (may ) Tj ET Q q 0 0 0 rg BT 84.97 718.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 110.12 718.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 149.17 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 159.88 718.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 181.40 718.10 Td (s ) Tj ET Q q 0 0 0 rg BT 188.23 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.95 718.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 233.55 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.92 718.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 269.41 718.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 299.01 718.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 321.94 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 344.32 718.10 Td (future ) Tj ET Q q 0 0 0 rg BT 371.13 718.10 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 426.58 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 453.96 718.10 Td (may ) Tj ET Q q 0 0 0 rg BT 474.11 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 484.83 718.10 Td (turn ) Tj ET Q q 0 0 0 rg BT 503.88 718.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 541.23 718.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 68.93 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 82.65 706.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 109.70 706.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 149.52 706.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 176.57 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 188.63 706.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 210.15 706.10 Td (s. ) Tj ET Q q 0 0 0 rg BT 218.60 706.10 Td (Rising ) Tj ET Q q 0 0 0 rg BT 246.77 706.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 278.26 706.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 299.19 706.10 Td (also ) Tj ET Q q 0 0 0 rg BT 317.36 706.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 356.61 706.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 391.42 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.70 706.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 427.75 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.14 706.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 477.97 706.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 520.29 706.10 Td (which ) Tj ET Q q 0 0 0 rg BT 546.78 706.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 68.08 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.17 694.10 Td (value ) Tj ET Q q 0 0 0 rg BT 107.70 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.91 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.00 694.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 157.34 694.10 Td (s ) Tj ET Q q 0 0 0 rg BT 164.11 694.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 214.76 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.41 694.10 Td (decline. ) Tj ET Q q 0 0 0 rg BT 259.66 694.10 Td (During ) Tj ET Q q 0 0 0 rg BT 290.86 694.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 323.17 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.38 694.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 374.47 694.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 406.78 694.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 431.03 694.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 461.10 694.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 502.86 694.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 524.38 694.10 Td (s ) Tj ET Q q 0 0 0 rg BT 531.14 694.10 Td (may ) Tj ET Q q 0 0 0 rg BT 551.23 694.10 Td (hold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.10 Td (mortgages ) Tj ET Q q 0 0 0 rg BT 86.34 682.10 Td (that ) Tj ET Q q 0 0 0 rg BT 103.01 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.91 682.10 Td (mortgagors ) Tj ET Q q 0 0 0 rg BT 164.14 682.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 184.69 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.15 682.10 Td (prepay) Tj ET Q q 0 0 0 rg BT 220.71 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 224.89 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 251.01 682.10 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 299.89 682.10 Td (may ) Tj ET Q q 0 0 0 rg BT 318.79 682.10 Td (diminish ) Tj ET Q q 0 0 0 rg BT 355.48 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.38 682.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 391.05 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 402.73 682.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 442.18 682.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 468.86 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 480.54 682.10 Td (such ) Tj ET Q q 0 0 0 rg BT 500.55 682.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 541.11 682.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 562.63 682.10 Td (s. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.10 Td (In ) Tj ET Q q 0 0 0 rg BT 53.32 670.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 90.59 670.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 131.46 670.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 152.98 670.10 Td (s ) Tj ET Q q 0 0 0 rg BT 158.87 670.10 Td (may ) Tj ET Q q 0 0 0 rg BT 178.08 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 189.51 670.10 Td (af) Tj ET Q q 0 0 0 rg BT 197.10 670.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 223.51 670.10 Td (by ) Tj ET Q q 0 0 0 rg BT 235.51 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.72 670.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 277.26 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.59 670.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 330.12 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.89 670.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 364.09 670.10 Td (when ) Tj ET Q q 0 0 0 rg BT 387.75 670.10 Td (due ) Tj ET Q q 0 0 0 rg BT 404.18 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.39 670.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 437.60 670.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 475.69 670.10 Td (by ) Tj ET Q q 0 0 0 rg BT 487.68 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.89 670.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 523.93 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.92 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 542.35 670.10 Td (Equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 658.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 64.52 658.10 Td (s ) Tj ET Q q 0 0 0 rg BT 70.91 658.10 Td (may ) Tj ET Q q 0 0 0 rg BT 90.63 658.10 Td (be ) Tj ET Q q 0 0 0 rg BT 102.57 658.10 Td (af) Tj ET Q q 0 0 0 rg BT 110.15 658.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 137.08 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 149.58 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.29 658.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 192.35 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.18 658.10 Td (tenants ) Tj ET Q q 0 0 0 rg BT 234.00 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.28 658.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 261.22 658.10 Td (rent.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 640.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 74.89 640.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 96.41 640.10 Td (s ) Tj ET Q q 0 0 0 rg BT 102.75 640.10 Td (have ) Tj ET Q q 0 0 0 rg BT 124.08 640.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 164.29 640.10 Td (small ) Tj ET Q q 0 0 0 rg BT 188.41 640.10 Td (market ) Tj ET Q q 0 0 0 rg BT 218.63 640.10 Td (capitalization, ) Tj ET Q q 0 0 0 rg BT 277.45 640.10 Td (which ) Tj ET Q q 0 0 0 rg BT 304.34 640.10 Td (may ) Tj ET Q q 0 0 0 rg BT 324.01 640.10 Td (tend ) Tj ET Q q 0 0 0 rg BT 343.68 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.91 640.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 389.12 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.79 640.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 442.35 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.13 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.80 640.10 Td (market ) Tj ET Q q 0 0 0 rg BT 498.02 640.10 Td (price ) Tj ET Q q 0 0 0 rg BT 520.46 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.24 640.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 628.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 70.52 628.10 Td (by ) Tj ET Q q 0 0 0 rg BT 83.04 628.10 Td (such ) Tj ET Q q 0 0 0 rg BT 103.89 628.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 125.41 628.10 Td (s. ) Tj ET Q q 0 0 0 rg BT 134.32 628.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 189.33 628.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 210.85 628.10 Td (s ) Tj ET Q q 0 0 0 rg BT 217.26 628.10 Td (are ) Tj ET Q q 0 0 0 rg BT 231.99 628.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 275.60 628.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 298.13 628.10 Td (specialized ) Tj ET Q q 0 0 0 rg BT 345.07 628.10 Td (management ) Tj ET Q q 0 0 0 rg BT 398.68 628.10 Td (skills, ) Tj ET Q q 0 0 0 rg BT 424.81 628.10 Td (have ) Tj ET Q q 0 0 0 rg BT 446.21 628.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 477.06 628.10 Td (diversification ) Tj ET Q q 0 0 0 rg BT 537.34 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 554.30 628.10 Td (are, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 616.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 83.96 616.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 114.66 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.82 616.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 146.09 616.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 181.23 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.38 616.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 231.52 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.34 616.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 288.48 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 295.29 616.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 326.00 616.10 Td (number ) Tj ET Q q 0 0 0 rg BT 358.93 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.63 616.10 Td (projects. ) Tj ET Q q 0 0 0 rg BT 406.17 616.10 Td (By ) Tj ET Q q 0 0 0 rg BT 420.21 616.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 459.25 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.41 616.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 490.93 616.10 Td (s ) Tj ET Q q 0 0 0 rg BT 497.20 616.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 537.89 616.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 58.35 604.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 84.55 604.10 Td (a ) Tj ET Q q 0 0 0 rg BT 92.13 604.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 141.91 604.10 Td (will ) Tj ET Q q 0 0 0 rg BT 160.60 604.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 180.94 604.10 Td (not ) Tj ET Q q 0 0 0 rg BT 196.86 604.10 Td (only ) Tj ET Q q 0 0 0 rg BT 217.77 604.10 Td (his ) Tj ET Q q 0 0 0 rg BT 232.58 604.10 Td (or ) Tj ET Q q 0 0 0 rg BT 244.04 604.10 Td (her ) Tj ET Q q 0 0 0 rg BT 259.95 604.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 316.96 604.10 Td (share ) Tj ET Q q 0 0 0 rg BT 341.19 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.66 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.01 604.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 407.25 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.71 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.07 604.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 460.26 604.10 Td (but ) Tj ET Q q 0 0 0 rg BT 476.18 604.10 Td (also, ) Tj ET Q q 0 0 0 rg BT 497.92 604.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 535.59 604.10 Td (, ) Tj ET Q q 0 0 0 rg BT 541.23 604.10 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 592.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 81.60 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.43 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.15 592.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 128.66 592.10 Td (s. ) Tj ET Q q 0 0 0 rg BT 137.56 592.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 159.07 592.10 Td (s ) Tj ET Q q 0 0 0 rg BT 165.47 592.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 196.84 592.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 236.54 592.10 Td (on ) Tj ET Q q 0 0 0 rg BT 249.04 592.10 Td (their ) Tj ET Q q 0 0 0 rg BT 269.87 592.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 297.92 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.20 592.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 344.56 592.10 Td (cashflow ) Tj ET Q q 0 0 0 rg BT 383.16 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.44 592.10 Td (make ) Tj ET Q q 0 0 0 rg BT 417.59 592.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 470.10 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.38 592.10 Td (shareholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 574.10 Td (In ) Tj ET Q q 0 0 0 rg BT 53.40 574.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 88.24 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.09 574.10 Td (these ) Tj ET Q q 0 0 0 rg BT 120.70 574.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 144.16 574.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 172.89 574.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 194.41 574.10 Td (s ) Tj ET Q q 0 0 0 rg BT 200.37 574.10 Td (may ) Tj ET Q q 0 0 0 rg BT 219.66 574.10 Td (be ) Tj ET Q q 0 0 0 rg BT 231.16 574.10 Td (af) Tj ET Q q 0 0 0 rg BT 238.75 574.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 265.24 574.10 Td (by ) Tj ET Q q 0 0 0 rg BT 277.31 574.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 311.58 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.43 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.71 574.10 Td (value ) Tj ET Q q 0 0 0 rg BT 359.44 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.84 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.12 574.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 429.51 574.10 Td (property ) Tj ET Q q 0 0 0 rg BT 465.46 574.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 494.19 574.10 Td (by ) Tj ET Q q 0 0 0 rg BT 506.25 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.54 574.10 Td (trusts, ) Tj ET Q q 0 0 0 rg BT 546.78 574.10 Td (while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 562.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 84.97 562.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 106.49 562.10 Td (s ) Tj ET Q q 0 0 0 rg BT 113.47 562.10 Td (may ) Tj ET Q q 0 0 0 rg BT 133.77 562.10 Td (be ) Tj ET Q q 0 0 0 rg BT 146.30 562.10 Td (af) Tj ET Q q 0 0 0 rg BT 153.89 562.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 181.40 562.10 Td (by ) Tj ET Q q 0 0 0 rg BT 194.49 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.80 562.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 240.66 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.08 562.10 Td (any ) Tj ET Q q 0 0 0 rg BT 269.61 562.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 295.46 562.10 Td (extended. ) Tj ET Q q 0 0 0 rg BT 337.15 562.10 Td (Further) Tj ET Q q 0 0 0 rg BT 366.19 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 371.78 562.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 401.53 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.06 562.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 461.03 562.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 482.54 562.10 Td (s ) Tj ET Q q 0 0 0 rg BT 489.53 562.10 Td (are ) Tj ET Q q 0 0 0 rg BT 504.82 562.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 549.01 562.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 550.10 Td (management ) Tj ET Q q 0 0 0 rg BT 96.31 550.10 Td (skills ) Tj ET Q q 0 0 0 rg BT 119.64 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.30 550.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 175.72 550.10 Td (may ) Tj ET Q q 0 0 0 rg BT 195.16 550.10 Td (not ) Tj ET Q q 0 0 0 rg BT 210.15 550.10 Td (be ) Tj ET Q q 0 0 0 rg BT 221.81 550.10 Td (diversified. ) Tj ET Q q 0 0 0 rg BT 269.29 550.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 298.17 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.83 550.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 355.93 550.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 377.44 550.10 Td (s ) Tj ET Q q 0 0 0 rg BT 383.55 550.10 Td (are ) Tj ET Q q 0 0 0 rg BT 397.98 550.10 Td (also ) Tj ET Q q 0 0 0 rg BT 416.31 550.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 446.85 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.85 550.10 Td (heavy ) Tj ET Q q 0 0 0 rg BT 482.94 550.10 Td (cashflow ) Tj ET Q q 0 0 0 rg BT 521.26 550.10 Td (dependency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 538.10 Td (defaults ) Tj ET Q q 0 0 0 rg BT 77.44 538.10 Td (by ) Tj ET Q q 0 0 0 rg BT 90.23 538.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 133.56 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.78 538.10 Td (self-liquidation. ) Tj ET Q q 0 0 0 rg BT 217.17 538.10 Td (In ) Tj ET Q q 0 0 0 rg BT 228.29 538.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 266.35 538.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 295.80 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.03 538.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 354.69 538.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 376.21 538.10 Td (s ) Tj ET Q q 0 0 0 rg BT 382.89 538.10 Td (could ) Tj ET Q q 0 0 0 rg BT 407.89 538.10 Td (possibly ) Tj ET Q q 0 0 0 rg BT 444.02 538.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 460.13 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.70 538.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 501.81 538.10 Td (for ) Tj ET Q q 0 0 0 rg BT 516.25 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.26 538.10 Td (favorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 526.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 63.13 526.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 93.24 526.10 Td (income ) Tj ET Q q 0 0 0 rg BT 125.02 526.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 139.59 526.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 179.70 526.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 219.25 526.10 Td (available ) Tj ET Q q 0 0 0 rg BT 257.69 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 267.82 526.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 289.33 526.10 Td (s ) Tj ET Q q 0 0 0 rg BT 295.58 526.10 Td (under ) Tj ET Q q 0 0 0 rg BT 320.70 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.26 526.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 358.72 526.10 Td (or ) Tj ET Q q 0 0 0 rg BT 369.40 526.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 385.08 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.20 526.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 432.54 526.10 Td (their ) Tj ET Q q 0 0 0 rg BT 453.22 526.10 Td (exemptions ) Tj ET Q q 0 0 0 rg BT 501.67 526.10 Td (from ) Tj ET Q q 0 0 0 rg BT 523.46 526.10 Td (registration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 514.10 Td (under ) Tj ET Q q 0 0 0 rg BT 68.02 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.49 514.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 104.25 514.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 123.28 514.10 Td (The ) Tj ET Q q 0 0 0 rg BT 141.08 514.10 Td (above ) Tj ET Q q 0 0 0 rg BT 167.21 514.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 196.67 514.10 Td (may ) Tj ET Q q 0 0 0 rg BT 216.14 514.10 Td (also ) Tj ET Q q 0 0 0 rg BT 234.50 514.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 275.07 514.10 Td (af) Tj ET Q q 0 0 0 rg BT 282.66 514.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 299.90 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 306.59 514.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 343.61 514.10 Td () Tj ET Q q 0 0 0 rg BT 346.39 514.10 Td (s ) Tj ET Q q 0 0 0 rg BT 352.53 514.10 Td (or ) Tj ET Q q 0 0 0 rg BT 363.12 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 369.81 514.10 Td (lessee) Tj ET Q q 0 0 0 rg BT 396.46 514.10 Td (s ) Tj ET Q q 0 0 0 rg BT 402.61 514.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 430.41 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.44 514.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 462.13 514.10 Td (its ) Tj ET Q q 0 0 0 rg BT 473.83 514.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 520.53 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.56 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.03 514.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 566.51 514.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 502.10 Td (In ) Tj ET Q q 0 0 0 rg BT 53.92 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.73 502.10 Td (event ) Tj ET Q q 0 0 0 rg BT 92.98 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.90 502.10 Td (default ) Tj ET Q q 0 0 0 rg BT 134.25 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 146.85 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 153.88 502.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 193.12 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 204.04 502.10 Td (lessee, ) Tj ET Q q 0 0 0 rg BT 233.01 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.82 502.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 269.85 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.45 502.10 Td (may ) Tj ET Q q 0 0 0 rg BT 292.25 502.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 338.15 502.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 366.29 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 376.66 502.10 Td (enforcing ) Tj ET Q q 0 0 0 rg BT 417.56 502.10 Td (its ) Tj ET Q q 0 0 0 rg BT 429.60 502.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 454.97 502.10 Td (as ) Tj ET Q q 0 0 0 rg BT 465.90 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 472.93 502.10 Td (mortgagee ) Tj ET Q q 0 0 0 rg BT 517.72 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 528.64 502.10 Td (lessor ) Tj ET Q q 0 0 0 rg BT 554.56 502.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 490.10 Td (may ) Tj ET Q q 0 0 0 rg BT 62.72 490.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 85.76 490.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 131.04 490.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 153.54 490.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 197.13 490.10 Td (with ) Tj ET Q q 0 0 0 rg BT 217.41 490.10 Td (protecting ) Tj ET Q q 0 0 0 rg BT 260.45 490.10 Td (its ) Tj ET Q q 0 0 0 rg BT 272.40 490.10 Td (investments. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 472.10 Td (Repur) Tj ET Q q 0 0 0 rg BT 70.04 472.10 Td (chase ) Tj ET Q q 0 0 0 rg BT 95.81 472.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 112.29 472.10 Td (eements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.34 472.10 Td (The ) Tj ET Q q 0 0 0 rg BT 171.01 472.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 194.70 472.10 Td (may ) Tj ET Q q 0 0 0 rg BT 215.04 472.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 242.05 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.96 472.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 299.39 472.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 348.04 472.10 Td (with ) Tj ET Q q 0 0 0 rg BT 368.95 472.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 419.27 472.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 448.22 472.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 481.34 472.10 Td (or ) Tj ET Q q 0 0 0 rg BT 492.79 472.10 Td (dealers ) Tj ET Q q 0 0 0 rg BT 524.23 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.14 472.10 Td (generate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 460.10 Td (income ) Tj ET Q q 0 0 0 rg BT 74.88 460.10 Td (from ) Tj ET Q q 0 0 0 rg BT 96.76 460.10 Td (its ) Tj ET Q q 0 0 0 rg BT 108.66 460.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 137.20 460.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 157.42 460.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 194.29 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.17 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.40 460.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 247.73 460.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 287.94 460.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 320.38 460.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 340.60 460.10 Td (collateral. ) Tj ET Q q 0 0 0 rg BT 382.20 460.10 Td (A) Tj ET Q q 0 0 0 rg BT 388.87 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.32 460.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 437.07 460.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 481.16 460.10 Td (is ) Tj ET Q q 0 0 0 rg BT 490.27 460.10 Td (an ) Tj ET Q q 0 0 0 rg BT 502.16 460.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 546.24 460.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 448.10 Td (which ) Tj ET Q q 0 0 0 rg BT 70.87 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.51 448.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 110.50 448.10 Td (acquires ) Tj ET Q q 0 0 0 rg BT 147.25 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.12 448.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 193.53 448.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 239.73 448.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 263.43 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 271.29 448.10 Td (security ) Tj ET Q q 0 0 0 rg BT 306.38 448.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 334.81 448.10 Td (by ) Tj ET Q q 0 0 0 rg BT 348.24 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.88 448.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 385.10 448.10 Td (government ) Tj ET Q q 0 0 0 rg BT 436.29 448.10 Td (or ) Tj ET Q q 0 0 0 rg BT 448.05 448.10 Td (an ) Tj ET Q q 0 0 0 rg BT 460.92 448.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 492.66 448.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 526.90 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.77 448.10 Td (banker) Tj ET Q q 0 0 0 rg BT 562.35 448.10 Td () Tj ET Q q 0 0 0 rg BT 565.13 448.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 436.10 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 89.14 436.10 Td (or ) Tj ET Q q 0 0 0 rg BT 99.77 436.10 Td (a ) Tj ET Q q 0 0 0 rg BT 106.50 436.10 Td (certificate ) Tj ET Q q 0 0 0 rg BT 148.76 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.39 436.10 Td (deposit\) ) Tj ET Q q 0 0 0 rg BT 193.90 436.10 Td (from ) Tj ET Q q 0 0 0 rg BT 215.63 436.10 Td (a ) Tj ET Q q 0 0 0 rg BT 222.37 436.10 Td (seller) Tj ET Q q 0 0 0 rg BT 243.62 436.10 Td (, ) Tj ET Q q 0 0 0 rg BT 248.42 436.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 279.04 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.11 436.10 Td (resale ) Tj ET Q q 0 0 0 rg BT 314.72 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.79 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.30 436.10 Td (seller ) Tj ET Q q 0 0 0 rg BT 363.25 436.10 Td (at ) Tj ET Q q 0 0 0 rg BT 372.77 436.10 Td (an ) Tj ET Q q 0 0 0 rg BT 384.50 436.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 413.44 436.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 435.73 436.10 Td (price ) Tj ET Q q 0 0 0 rg BT 458.01 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.75 436.10 Td (date ) Tj ET Q q 0 0 0 rg BT 493.70 436.10 Td (\(normally) Tj ET Q q 0 0 0 rg BT 532.48 436.10 Td (, ) Tj ET Q q 0 0 0 rg BT 537.28 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 551.79 436.10 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 424.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 80.50 424.10 Td (Day\). ) Tj ET Q q 0 0 0 rg BT 104.50 424.10 Td (A) Tj ET Q q 0 0 0 rg BT 111.17 424.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.11 424.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 158.35 424.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 201.93 424.10 Td (may ) Tj ET Q q 0 0 0 rg BT 221.08 424.10 Td (be ) Tj ET Q q 0 0 0 rg BT 232.46 424.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 277.71 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 284.09 424.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 303.24 424.10 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 359.03 424.10 Td (by ) Tj ET Q q 0 0 0 rg BT 370.97 424.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 413.03 424.10 Td (The ) Tj ET Q q 0 0 0 rg BT 430.51 424.10 Td (resale ) Tj ET Q q 0 0 0 rg BT 455.77 424.10 Td (price ) Tj ET Q q 0 0 0 rg BT 477.69 424.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 509.05 424.10 Td (an ) Tj ET Q q 0 0 0 rg BT 520.43 424.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 549.01 424.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 412.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 74.27 412.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 91.09 412.10 Td (ef) Tj ET Q q 0 0 0 rg BT 98.67 412.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 127.71 412.10 Td (for ) Tj ET Q q 0 0 0 rg BT 141.20 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.25 412.10 Td (period ) Tj ET Q q 0 0 0 rg BT 182.63 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.68 412.10 Td (instrument ) Tj ET Q q 0 0 0 rg BT 241.29 412.10 Td (is ) Tj ET Q q 0 0 0 rg BT 249.79 412.10 Td (held ) Tj ET Q q 0 0 0 rg BT 268.84 412.10 Td (by ) Tj ET Q q 0 0 0 rg BT 280.68 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.73 412.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 317.12 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.40 412.10 Td (is ) Tj ET Q q 0 0 0 rg BT 341.90 412.10 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 380.93 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.55 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.60 412.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 435.86 412.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 452.68 412.10 Td (on ) Tj ET Q q 0 0 0 rg BT 464.52 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.57 412.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 523.73 412.10 Td (instrument.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 394.10 Td (In ) Tj ET Q q 0 0 0 rg BT 53.38 394.10 Td (these ) Tj ET Q q 0 0 0 rg BT 75.97 394.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 121.33 394.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 165.02 394.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 217.33 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.59 394.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 271.41 394.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 307.88 394.10 Td (by ) Tj ET Q q 0 0 0 rg BT 319.93 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.19 394.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 356.80 394.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 399.95 394.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 433.09 394.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 464.57 394.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 493.26 394.10 Td (thereon\) ) Tj ET Q q 0 0 0 rg BT 528.63 394.10 Td (must ) Tj ET Q q 0 0 0 rg BT 550.12 394.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 49.58 382.10 Td (total ) Tj ET Q q 0 0 0 rg BT 69.49 382.10 Td (value ) Tj ET Q q 0 0 0 rg BT 93.29 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 103.21 382.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 131.45 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.92 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.28 382.10 Td (value ) Tj ET Q q 0 0 0 rg BT 180.08 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.55 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.90 382.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 250.35 382.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 294.13 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.71 382.10 Td (are ) Tj ET Q q 0 0 0 rg BT 325.06 382.10 Td (held ) Tj ET Q q 0 0 0 rg BT 344.42 382.10 Td (by ) Tj ET Q q 0 0 0 rg BT 356.56 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.92 382.10 Td (Funds ) Tj ET Q q 0 0 0 rg BT 400.84 382.10 Td (custodian ) Tj ET Q q 0 0 0 rg BT 441.31 382.10 Td (until ) Tj ET Q q 0 0 0 rg BT 461.78 382.10 Td (repurchased. ) Tj ET Q q 0 0 0 rg BT 514.73 382.10 Td (No ) Tj ET Q q 0 0 0 rg BT 529.09 382.10 Td (more ) Tj ET Q q 0 0 0 rg BT 551.78 382.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 370.10 Td (an ) Tj ET Q q 0 0 0 rg BT 54.47 370.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 95.37 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.73 370.10 Td (15% ) Tj ET Q q 0 0 0 rg BT 126.10 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.46 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.71 370.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 174.05 370.10 Td (s ) Tj ET Q q 0 0 0 rg BT 179.98 370.10 Td (net ) Tj ET Q q 0 0 0 rg BT 194.23 370.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 219.59 370.10 Td (will ) Tj ET Q q 0 0 0 rg BT 237.18 370.10 Td (be ) Tj ET Q q 0 0 0 rg BT 248.65 370.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 284.01 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 293.82 370.10 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 324.75 370.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 367.05 370.10 Td (including ) Tj ET Q q 0 0 0 rg BT 406.85 370.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 452.19 370.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 499.76 370.10 Td (having ) Tj ET Q q 0 0 0 rg BT 529.01 370.10 Td (maturities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 358.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 70.97 358.10 Td (than ) Tj ET Q q 0 0 0 rg BT 90.62 358.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 115.81 358.10 Td (days ) Tj ET Q q 0 0 0 rg BT 136.57 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.43 358.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 193.62 358.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 224.37 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.57 358.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 256.43 358.10 Td (or ) Tj ET Q q 0 0 0 rg BT 267.19 358.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 314.03 358.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 360.89 358.10 Td (on ) Tj ET Q q 0 0 0 rg BT 373.32 358.10 Td (resale, ) Tj ET Q q 0 0 0 rg BT 401.56 358.10 Td (or ) Tj ET Q q 0 0 0 rg BT 412.32 358.10 Td (for ) Tj ET Q q 0 0 0 rg BT 426.40 358.10 Td (which ) Tj ET Q q 0 0 0 rg BT 453.27 358.10 Td (there ) Tj ET Q q 0 0 0 rg BT 475.68 358.10 Td (are ) Tj ET Q q 0 0 0 rg BT 490.31 358.10 Td (no ) Tj ET Q q 0 0 0 rg BT 502.74 358.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 532.93 358.10 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 346.10 Td (market ) Tj ET Q q 0 0 0 rg BT 73.26 346.10 Td (quotations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 328.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.27 328.10 Td (use ) Tj ET Q q 0 0 0 rg BT 77.33 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.39 328.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 134.42 328.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 182.68 328.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 219.29 328.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 249.22 328.10 Td (risks. ) Tj ET Q q 0 0 0 rg BT 273.33 328.10 Td (For ) Tj ET Q q 0 0 0 rg BT 289.95 328.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 329.05 328.10 Td (if ) Tj ET Q q 0 0 0 rg BT 337.88 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.83 328.10 Td (other ) Tj ET Q q 0 0 0 rg BT 376.10 328.10 Td (party ) Tj ET Q q 0 0 0 rg BT 399.37 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.88 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.82 328.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 469.19 328.10 Td (defaults ) Tj ET Q q 0 0 0 rg BT 503.57 328.10 Td (on ) Tj ET Q q 0 0 0 rg BT 516.29 328.10 Td (its ) Tj ET Q q 0 0 0 rg BT 528.47 328.10 Td (obligation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 52.80 316.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 98.12 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.35 316.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 157.70 316.10 Td (security ) Tj ET Q q 0 0 0 rg BT 191.37 316.10 Td (at ) Tj ET Q q 0 0 0 rg BT 200.61 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.06 316.10 Td (time ) Tj ET Q q 0 0 0 rg BT 226.85 316.10 Td (when ) Tj ET Q q 0 0 0 rg BT 250.53 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.77 316.10 Td (value ) Tj ET Q q 0 0 0 rg BT 288.44 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.79 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.02 316.10 Td (security ) Tj ET Q q 0 0 0 rg BT 346.70 316.10 Td (has ) Tj ET Q q 0 0 0 rg BT 362.05 316.10 Td (declined, ) Tj ET Q q 0 0 0 rg BT 400.44 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.67 316.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 437.25 316.10 Td (may ) Tj ET Q q 0 0 0 rg BT 456.48 316.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 479.05 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 485.51 316.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 503.09 316.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 525.10 316.10 Td (disposition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 54.64 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 70.16 304.10 Td (security) Tj ET Q q 0 0 0 rg BT 101.17 304.10 Td (. ) Tj ET Q q 0 0 0 rg BT 106.98 304.10 Td (If ) Tj ET Q q 0 0 0 rg BT 116.95 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.47 304.10 Td (other ) Tj ET Q q 0 0 0 rg BT 156.33 304.10 Td (party ) Tj ET Q q 0 0 0 rg BT 180.18 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.27 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.79 304.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 251.74 304.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 290.03 304.10 Td (insolvent ) Tj ET Q q 0 0 0 rg BT 330.01 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.75 304.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 379.39 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.47 304.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 437.11 304.10 Td (or ) Tj ET Q q 0 0 0 rg BT 448.75 304.10 Td (reor) Tj ET Q q 0 0 0 rg BT 464.67 304.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 509.63 304.10 Td (under ) Tj ET Q q 0 0 0 rg BT 535.70 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 551.23 304.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 292.10 Td (Bankruptcy ) Tj ET Q q 0 0 0 rg BT 91.99 292.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 115.43 292.10 Td (or ) Tj ET Q q 0 0 0 rg BT 126.09 292.10 Td (other ) Tj ET Q q 0 0 0 rg BT 148.97 292.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 172.14 292.10 Td (a ) Tj ET Q q 0 0 0 rg BT 178.91 292.10 Td (court ) Tj ET Q q 0 0 0 rg BT 201.79 292.10 Td (may ) Tj ET Q q 0 0 0 rg BT 221.34 292.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 263.65 292.10 Td (that ) Tj ET Q q 0 0 0 rg BT 280.98 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.53 292.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 341.19 292.10 Td (security ) Tj ET Q q 0 0 0 rg BT 375.17 292.10 Td (is ) Tj ET Q q 0 0 0 rg BT 384.18 292.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 423.71 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 437.70 292.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.47 292.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 464.02 292.10 Td (by ) Tj ET Q q 0 0 0 rg BT 476.36 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.91 292.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 513.80 292.10 Td (not ) Tj ET Q q 0 0 0 rg BT 528.91 292.10 Td (within ) Tj ET Q q 0 0 0 rg BT 556.80 292.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 280.10 Td (control ) Tj ET Q q 0 0 0 rg BT 73.55 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.10 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.54 280.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 121.33 280.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 140.49 280.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 181.30 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.74 280.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 218.53 280.10 Td (may ) Tj ET Q q 0 0 0 rg BT 237.97 280.10 Td (not ) Tj ET Q q 0 0 0 rg BT 252.97 280.10 Td (be ) Tj ET Q q 0 0 0 rg BT 264.63 280.10 Td (able ) Tj ET Q q 0 0 0 rg BT 283.51 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.52 280.10 Td (substantiate ) Tj ET Q q 0 0 0 rg BT 342.95 280.10 Td (its ) Tj ET Q q 0 0 0 rg BT 354.62 280.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 386.28 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.28 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.72 280.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 456.27 280.10 Td (security ) Tj ET Q q 0 0 0 rg BT 490.15 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.82 280.10 Td (may ) Tj ET Q q 0 0 0 rg BT 526.26 280.10 Td (be ) Tj ET Q q 0 0 0 rg BT 537.92 280.10 Td (deemed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 268.10 Td (an ) Tj ET Q q 0 0 0 rg BT 54.94 268.10 Td (unsecured ) Tj ET Q q 0 0 0 rg BT 97.98 268.10 Td (creditor ) Tj ET Q q 0 0 0 rg BT 131.57 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.40 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.12 268.10 Td (other ) Tj ET Q q 0 0 0 rg BT 180.16 268.10 Td (party ) Tj ET Q q 0 0 0 rg BT 203.21 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.49 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.21 268.10 Td (agreement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 250.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 86.86 250.10 Td (Lending.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.94 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 126.99 250.10 Td (The ) Tj ET Q q 0 0 0 rg BT 144.74 250.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 167.51 250.10 Td (may ) Tj ET Q q 0 0 0 rg BT 186.94 250.10 Td (lend ) Tj ET Q q 0 0 0 rg BT 206.37 250.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 243.57 250.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 283.54 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.53 250.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 322.94 250.10 Td (creditworthy ) Tj ET Q q 0 0 0 rg BT 376.25 250.10 Td (borrowers. ) Tj ET Q q 0 0 0 rg BT 421.34 250.10 Td (The ) Tj ET Q q 0 0 0 rg BT 439.09 250.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 481.85 250.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 514.60 250.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 554.01 250.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 238.10 Td (is ) Tj ET Q q 0 0 0 rg BT 51.94 238.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 98.63 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.67 238.10 Td (an ) Tj ET Q q 0 0 0 rg BT 120.38 238.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 152.64 238.10 Td (at ) Tj ET Q q 0 0 0 rg BT 162.12 238.10 Td (least ) Tj ET Q q 0 0 0 rg BT 182.71 238.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 206.63 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 216.68 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.16 238.10 Td (current ) Tj ET Q q 0 0 0 rg BT 261.74 238.10 Td (value ) Tj ET Q q 0 0 0 rg BT 285.66 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.26 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.74 238.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 350.77 238.10 Td (loaned. ) Tj ET Q q 0 0 0 rg BT 382.03 238.10 Td (The ) Tj ET Q q 0 0 0 rg BT 399.84 238.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 422.67 238.10 Td (may ) Tj ET Q q 0 0 0 rg BT 442.15 238.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 482.17 238.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.88 238.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 508.36 238.10 Td (at ) Tj ET Q q 0 0 0 rg BT 517.84 238.10 Td (any ) Tj ET Q q 0 0 0 rg BT 534.55 238.10 Td (time ) Tj ET Q q 0 0 0 rg BT 554.58 238.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 226.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 70.61 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.45 226.10 Td (return ) Tj ET Q q 0 0 0 rg BT 111.94 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.89 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.72 226.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 178.10 226.10 Td (loaned. ) Tj ET Q q 0 0 0 rg BT 209.69 226.10 Td (The ) Tj ET Q q 0 0 0 rg BT 227.85 226.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 260.46 226.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 283.64 226.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 319.01 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.85 226.10 Td (value ) Tj ET Q q 0 0 0 rg BT 358.12 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.07 226.10 Td (any ) Tj ET Q q 0 0 0 rg BT 386.12 226.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 418.17 226.10 Td (or ) Tj ET Q q 0 0 0 rg BT 429.12 226.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 449.51 226.10 Td (or ) Tj ET Q q 0 0 0 rg BT 460.45 226.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 499.17 226.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 551.79 226.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.10 Td (on ) Tj ET Q q 0 0 0 rg BT 55.88 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 70.97 214.10 Td (loaned ) Tj ET Q q 0 0 0 rg BT 100.50 214.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 143.64 214.10 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 198.74 214.10 Td (received ) Tj ET Q q 0 0 0 rg BT 235.48 214.10 Td (on ) Tj ET Q q 0 0 0 rg BT 248.36 214.10 Td (loaned ) Tj ET Q q 0 0 0 rg BT 277.89 214.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 318.53 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 329.18 214.10 Td (lieu ) Tj ET Q q 0 0 0 rg BT 347.05 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.26 214.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 396.13 214.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 437.33 214.10 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.66 214.10 Td (i.e.,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.38 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.25 214.10 Td (substitute ) Tj ET Q q 0 0 0 rg BT 499.46 214.10 Td (payments\) ) Tj ET Q q 0 0 0 rg BT 544.00 214.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.10 Td (not ) Tj ET Q q 0 0 0 rg BT 58.28 202.10 Td (be ) Tj ET Q q 0 0 0 rg BT 70.22 202.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 116.03 202.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 154.07 202.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 191.57 202.10 Td (income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 184.10 Td (W) Tj ET Q q 0 0 0 rg BT 52.04 184.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 64.26 184.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 94.24 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.68 184.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 126.46 184.10 Td (that ) Tj ET Q q 0 0 0 rg BT 143.12 184.10 Td (are ) Tj ET Q q 0 0 0 rg BT 156.99 184.10 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 212.51 184.10 Td (by ) Tj ET Q q 0 0 0 rg BT 224.17 184.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 246.11 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.99 184.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 298.30 184.10 Td (will ) Tj ET Q q 0 0 0 rg BT 315.52 184.10 Td (be ) Tj ET Q q 0 0 0 rg BT 326.63 184.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 358.28 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.73 184.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 398.25 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 404.36 184.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 418.23 184.10 Td (based ) Tj ET Q q 0 0 0 rg BT 442.66 184.10 Td (on ) Tj ET Q q 0 0 0 rg BT 454.33 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.21 184.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 499.87 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.87 184.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 529.30 184.10 Td (collateral. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 172.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.96 172.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 83.93 172.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.01 172.10 Td (compensated ) Tj ET Q q 0 0 0 rg BT 147.63 172.10 Td (by ) Tj ET Q q 0 0 0 rg BT 160.04 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.67 172.10 Td (dif) Tj ET Q q 0 0 0 rg BT 185.60 172.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 217.42 172.10 Td (between ) Tj ET Q q 0 0 0 rg BT 253.15 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.78 172.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 300.19 172.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 329.25 172.10 Td (on ) Tj ET Q q 0 0 0 rg BT 341.66 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.29 172.10 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 410.35 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.09 172.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 441.27 172.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 480.88 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.73 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.36 172.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 526.98 172.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 546.61 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 556.80 172.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 160.10 Td (borrower) Tj ET Q q 0 0 0 rg BT 79.10 160.10 Td (. ) Tj ET Q q 0 0 0 rg BT 84.36 160.10 Td (In ) Tj ET Q q 0 0 0 rg BT 95.45 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.42 160.10 Td (case ) Tj ET Q q 0 0 0 rg BT 130.39 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.48 160.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 181.43 160.10 Td (other ) Tj ET Q q 0 0 0 rg BT 204.74 160.10 Td (than ) Tj ET Q q 0 0 0 rg BT 224.71 160.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 247.74 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.72 160.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 286.04 160.10 Td (is ) Tj ET Q q 0 0 0 rg BT 295.47 160.10 Td (compensated ) Tj ET Q q 0 0 0 rg BT 350.43 160.10 Td (by ) Tj ET Q q 0 0 0 rg BT 363.19 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 370.38 160.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 385.35 160.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 405.32 160.10 Td (by ) Tj ET Q q 0 0 0 rg BT 418.08 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.06 160.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 472.47 160.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 496.88 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.42 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 514.62 160.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 560.68 160.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.48 148.10 Td (value ) Tj ET Q q 0 0 0 rg BT 81.40 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.00 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.48 148.10 Td (loaned ) Tj ET Q q 0 0 0 rg BT 135.40 148.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 177.43 148.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 196.92 148.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 216.95 148.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 256.42 148.10 Td (may ) Tj ET Q q 0 0 0 rg BT 275.90 148.10 Td (be ) Tj ET Q q 0 0 0 rg BT 287.60 148.10 Td (reinvested ) Tj ET Q q 0 0 0 rg BT 330.96 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.01 148.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 370.47 148.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 414.39 148.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 463.33 148.10 Td (either ) Tj ET Q q 0 0 0 rg BT 488.35 148.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 521.16 148.10 Td (on ) Tj ET Q q 0 0 0 rg BT 533.43 148.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 560.68 148.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.72 136.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 90.21 136.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 113.27 136.10 Td (or ) Tj ET Q q 0 0 0 rg BT 124.10 136.10 Td (through ) Tj ET Q q 0 0 0 rg BT 157.71 136.10 Td (one ) Tj ET Q q 0 0 0 rg BT 174.65 136.10 Td (or ) Tj ET Q q 0 0 0 rg BT 185.48 136.10 Td (more ) Tj ET Q q 0 0 0 rg BT 208.53 136.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 229.36 136.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 266.85 136.10 Td (or ) Tj ET Q q 0 0 0 rg BT 277.68 136.10 Td (money ) Tj ET Q q 0 0 0 rg BT 307.39 136.10 Td (market ) Tj ET Q q 0 0 0 rg BT 337.66 136.10 Td (funds.) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 46.60 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.45 742.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 84.92 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 105.05 742.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 122.39 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 129.74 742.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 161.54 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.77 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.90 742.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 220.24 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 231.48 742.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 250.48 742.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 280.04 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 302.38 742.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 343.05 742.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 375.96 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.64 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 393.99 742.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 433.55 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 444.78 742.10 Td (described ) Tj ET Q q 0 0 0 rg BT 486.01 742.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 515.29 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.64 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.32 742.10 Td (one ) Tj ET Q q 0 0 0 rg BT 560.67 742.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (more ) Tj ET Q q 0 0 0 rg BT 65.48 730.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 105.18 730.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 137.10 730.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 164.58 730.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 203.72 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 215.66 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.80 730.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 256.18 730.10 Td (who ) Tj ET Q q 0 0 0 rg BT 275.33 730.10 Td (administer ) Tj ET Q q 0 0 0 rg BT 319.47 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.62 730.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 365.55 730.10 Td (program ) Tj ET Q q 0 0 0 rg BT 401.36 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 414.95 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.10 730.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 451.60 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 461.31 730.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 508.20 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 527.91 730.10 Td (guidelines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 83.56 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 96.92 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.49 718.10 Td (Board. ) Tj ET Q q 0 0 0 rg BT 142.78 718.10 Td (In ) Tj ET Q q 0 0 0 rg BT 154.46 718.10 Td (such ) Tj ET Q q 0 0 0 rg BT 176.15 718.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 208.81 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 214.67 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.24 718.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 263.59 718.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 288.60 718.10 Td (causes ) Tj ET Q q 0 0 0 rg BT 318.05 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.62 718.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 369.74 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.42 718.10 Td (loaned ) Tj ET Q q 0 0 0 rg BT 411.43 718.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 452.55 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 475.34 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.92 718.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 514.83 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.96 718.10 Td (borrowers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (arranges ) Tj ET Q q 0 0 0 rg BT 79.40 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 93.58 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.33 706.10 Td (return ) Tj ET Q q 0 0 0 rg BT 134.73 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.59 706.10 Td (loaned ) Tj ET Q q 0 0 0 rg BT 174.78 706.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 215.07 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.38 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.12 706.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 263.21 706.10 Td (at ) Tj ET Q q 0 0 0 rg BT 272.96 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.70 706.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 336.33 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.19 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.15 706.10 Td (loan, ) Tj ET Q q 0 0 0 rg BT 376.40 706.10 Td (requests ) Tj ET Q q 0 0 0 rg BT 411.69 706.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 443.11 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.97 706.10 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 496.19 706.10 Td (monitors ) Tj ET Q q 0 0 0 rg BT 534.28 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 549.02 706.10 Td (daily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (value ) Tj ET Q q 0 0 0 rg BT 67.08 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 77.83 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.47 694.10 Td (loaned ) Tj ET Q q 0 0 0 rg BT 121.54 694.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 161.73 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.59 694.10 Td (collateral, ) Tj ET Q q 0 0 0 rg BT 220.71 694.10 Td (requests ) Tj ET Q q 0 0 0 rg BT 255.90 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 273.32 694.10 Td (borrowers ) Tj ET Q q 0 0 0 rg BT 316.28 694.10 Td (add ) Tj ET Q q 0 0 0 rg BT 333.14 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.34 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.98 694.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 397.60 694.10 Td (when ) Tj ET Q q 0 0 0 rg BT 421.68 694.10 Td (required ) Tj ET Q q 0 0 0 rg BT 457.42 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 469.84 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.48 694.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 504.12 694.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 554.57 694.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 79.94 682.10 Td (recordkeeping ) Tj ET Q q 0 0 0 rg BT 139.63 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.57 682.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 202.94 682.10 Td (services ) Tj ET Q q 0 0 0 rg BT 237.65 682.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 279.02 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 293.18 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.89 682.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 348.16 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.99 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.70 682.10 Td (program. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 664.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 84.71 664.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 116.99 664.10 Td (involves ) Tj ET Q q 0 0 0 rg BT 153.16 664.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 191.54 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.59 664.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 231.08 664.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 254.75 664.10 Td (including ) Tj ET Q q 0 0 0 rg BT 294.80 664.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 342.06 664.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 359.34 664.10 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 362.67 664.10 Td (i.e.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.89 664.10 Td (, ) Tj ET Q q 0 0 0 rg BT 379.67 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.17 664.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 411.45 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.06 664.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 448.23 664.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 485.50 664.10 Td (from ) Tj ET Q q 0 0 0 rg BT 507.22 664.10 Td (problems ) Tj ET Q q 0 0 0 rg BT 546.72 664.10 Td (in ) Tj ET Q q 0 0 0 rg BT 556.78 664.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 652.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 86.79 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.93 652.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 150.49 652.10 Td (process\), ) Tj ET Q q 0 0 0 rg BT 189.01 652.10 Td (gap ) Tj ET Q q 0 0 0 rg BT 215.02 652.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 232.71 652.10 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 236.04 652.10 Td (i.e.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.26 652.10 Td (, ) Tj ET Q q 0 0 0 rg BT 253.45 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.36 652.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 286.06 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.08 652.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.21 652.10 Td (mismatch ) Tj ET Q q 0 0 0 rg BT 345.79 652.10 Td (between ) Tj ET Q q 0 0 0 rg BT 381.80 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.71 652.10 Td (return ) Tj ET Q q 0 0 0 rg BT 423.28 652.10 Td (on ) Tj ET Q q 0 0 0 rg BT 435.98 652.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 456.44 652.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 496.33 652.10 Td (reinvestments ) Tj ET Q q 0 0 0 rg BT 554.57 652.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 58.24 640.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 77.36 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.60 640.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 116.19 640.10 Td (has ) Tj ET Q q 0 0 0 rg BT 132.54 640.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 162.21 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.02 640.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 190.48 640.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.94 640.10 Td (borrower\), ) Tj ET Q q 0 0 0 rg BT 243.44 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.91 640.10 Td (credit, ) Tj ET Q q 0 0 0 rg BT 289.19 640.10 Td (legal, ) Tj ET Q q 0 0 0 rg BT 314.15 640.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 367.71 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.17 640.10 Td (market ) Tj ET Q q 0 0 0 rg BT 415.96 640.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 436.48 640.10 Td (In ) Tj ET Q q 0 0 0 rg BT 447.84 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.08 640.10 Td (event ) Tj ET Q q 0 0 0 rg BT 487.76 640.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.22 640.10 Td (borrower ) Tj ET Q q 0 0 0 rg BT 534.89 640.10 Td (does ) Tj ET Q q 0 0 0 rg BT 556.25 640.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 628.10 Td (return ) Tj ET Q q 0 0 0 rg BT 69.25 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.85 628.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 107.19 628.10 Td (s ) Tj ET Q q 0 0 0 rg BT 113.46 628.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 153.60 628.10 Td (as ) Tj ET Q q 0 0 0 rg BT 164.31 628.10 Td (agreed, ) Tj ET Q q 0 0 0 rg BT 195.83 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.43 628.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 233.37 628.10 Td (may ) Tj ET Q q 0 0 0 rg BT 252.96 628.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 298.64 628.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 324.91 628.10 Td (if ) Tj ET Q q 0 0 0 rg BT 333.40 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.99 628.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 385.91 628.10 Td (received ) Tj ET Q q 0 0 0 rg BT 422.15 628.10 Td (from ) Tj ET Q q 0 0 0 rg BT 443.96 628.10 Td (liquidating ) Tj ET Q q 0 0 0 rg BT 489.67 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.26 628.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 543.84 628.10 Td (do ) Tj ET Q q 0 0 0 rg BT 556.22 628.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 616.10 Td (at ) Tj ET Q q 0 0 0 rg BT 52.72 616.10 Td (least ) Tj ET Q q 0 0 0 rg BT 73.55 616.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 97.71 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.43 616.10 Td (value ) Tj ET Q q 0 0 0 rg BT 136.59 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.42 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.14 616.10 Td (loaned ) Tj ET Q q 0 0 0 rg BT 191.30 616.10 Td (security ) Tj ET Q q 0 0 0 rg BT 225.46 616.10 Td (at ) Tj ET Q q 0 0 0 rg BT 235.18 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.90 616.10 Td (time ) Tj ET Q q 0 0 0 rg BT 270.18 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.90 616.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 324.60 616.10 Td (is ) Tj ET Q q 0 0 0 rg BT 333.78 616.10 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 376.27 616.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 395.44 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.17 616.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 456.54 616.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 479.04 616.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 514.86 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.15 616.10 Td (purchasing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 604.10 Td (replacement ) Tj ET Q q 0 0 0 rg BT 94.36 604.10 Td (securities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.75 586.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 61.67 586.10 Td (Risks. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.44 586.10 Td (As ) Tj ET Q q 0 0 0 rg BT 104.48 586.10 Td (with ) Tj ET Q q 0 0 0 rg BT 125.18 586.10 Td (any ) Tj ET Q q 0 0 0 rg BT 142.54 586.10 Td (investment, ) Tj ET Q q 0 0 0 rg BT 191.84 586.10 Td (you ) Tj ET Q q 0 0 0 rg BT 209.77 586.10 Td (should ) Tj ET Q q 0 0 0 rg BT 239.36 586.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 276.16 586.10 Td (how ) Tj ET Q q 0 0 0 rg BT 296.30 586.10 Td (your ) Tj ET Q q 0 0 0 rg BT 317.55 586.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 364.36 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.06 586.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 404.64 586.10 Td (will ) Tj ET Q q 0 0 0 rg BT 423.12 586.10 Td (be ) Tj ET Q q 0 0 0 rg BT 435.48 586.10 Td (taxed. ) Tj ET Q q 0 0 0 rg BT 462.35 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 480.82 586.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 495.96 586.10 Td (information ) Tj ET Q q 0 0 0 rg BT 546.09 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 556.79 586.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 574.10 Td (Prospectus ) Tj ET Q q 0 0 0 rg BT 88.34 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.79 574.10 Td (this ) Tj ET Q q 0 0 0 rg BT 121.26 574.10 Td (SAI ) Tj ET Q q 0 0 0 rg BT 139.38 574.10 Td (is ) Tj ET Q q 0 0 0 rg BT 148.07 574.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 185.63 574.10 Td (as ) Tj ET Q q 0 0 0 rg BT 195.97 574.10 Td (general ) Tj ET Q q 0 0 0 rg BT 227.41 574.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 278.83 574.10 Td (Y) Tj ET Q q 0 0 0 rg BT 285.05 574.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 297.07 574.10 Td (should ) Tj ET Q q 0 0 0 rg BT 325.75 574.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 356.65 574.10 Td (your ) Tj ET Q q 0 0 0 rg BT 376.99 574.10 Td (own ) Tj ET Q q 0 0 0 rg BT 396.23 574.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 410.46 574.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 461.35 574.10 Td (about ) Tj ET Q q 0 0 0 rg BT 485.58 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.81 574.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 514.04 574.10 Td (consequences ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.83 562.10 Td (an ) Tj ET Q q 0 0 0 rg BT 65.77 562.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 112.15 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 122.43 562.10 Td (Shares. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 544.10 Td (Unless ) Tj ET Q q 0 0 0 rg BT 73.67 544.10 Td (your ) Tj ET Q q 0 0 0 rg BT 95.44 544.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 142.77 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.99 544.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 184.09 544.10 Td (is ) Tj ET Q q 0 0 0 rg BT 194.21 544.10 Td (made ) Tj ET Q q 0 0 0 rg BT 219.30 544.10 Td (through ) Tj ET Q q 0 0 0 rg BT 253.86 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.74 544.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 310.16 544.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 336.38 544.10 Td (or ) Tj ET Q q 0 0 0 rg BT 348.15 544.10 Td (tax-deferred ) Tj ET Q q 0 0 0 rg BT 400.45 544.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 444.98 544.10 Td (account, ) Tj ET Q q 0 0 0 rg BT 482.02 544.10 Td (such ) Tj ET Q q 0 0 0 rg BT 503.79 544.10 Td (as ) Tj ET Q q 0 0 0 rg BT 515.57 544.10 Td (an ) Tj ET Q q 0 0 0 rg BT 528.45 544.10 Td (individual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 532.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 86.59 532.10 Td (account, ) Tj ET Q q 0 0 0 rg BT 122.68 532.10 Td (you ) Tj ET Q q 0 0 0 rg BT 140.18 532.10 Td (need ) Tj ET Q q 0 0 0 rg BT 161.56 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.84 532.10 Td (be ) Tj ET Q q 0 0 0 rg BT 183.78 532.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 210.14 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.97 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.69 532.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 270.97 532.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 285.69 532.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 343.16 532.10 Td (when ) Tj ET Q q 0 0 0 rg BT 367.32 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.04 532.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 405.10 532.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 433.15 532.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 485.65 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 496.48 532.10 Td (you ) Tj ET Q q 0 0 0 rg BT 513.98 532.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 530.37 532.10 Td (Shares. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 514.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 64.49 514.10 Td (Government ) Tj ET Q q 0 0 0 rg BT 122.08 514.10 Td (Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.73 514.10 Td (. ) Tj ET Q q 0 0 0 rg BT 169.67 514.10 Td (The ) Tj ET Q q 0 0 0 rg BT 188.92 514.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 213.19 514.10 Td (may ) Tj ET Q q 0 0 0 rg BT 234.12 514.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 261.71 514.10 Td (in ) Tj ET Q q 0 0 0 rg BT 273.20 514.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 294.69 514.10 Td (government ) Tj ET Q q 0 0 0 rg BT 346.16 514.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 390.13 514.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 433.27 514.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 461.98 514.10 Td (or ) Tj ET Q q 0 0 0 rg BT 474.02 514.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 521.59 514.10 Td (by ) Tj ET Q q 0 0 0 rg BT 535.29 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 551.22 514.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 502.10 Td (government ) Tj ET Q q 0 0 0 rg BT 93.34 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 104.24 502.10 Td (its ) Tj ET Q q 0 0 0 rg BT 116.26 502.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 153.25 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 164.16 502.10 Td (instrumentalities ) Tj ET Q q 0 0 0 rg BT 233.38 502.10 Td (include ) Tj ET Q q 0 0 0 rg BT 265.39 502.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 285.56 502.10 Td (T) Tj ET Q q 0 0 0 rg BT 291.32 502.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 323.32 502.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 366.15 502.10 Td (which ) Tj ET Q q 0 0 0 rg BT 393.16 502.10 Td (are ) Tj ET Q q 0 0 0 rg BT 407.94 502.10 Td (backed ) Tj ET Q q 0 0 0 rg BT 438.83 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 451.40 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.19 502.10 Td (full ) Tj ET Q q 0 0 0 rg BT 482.65 502.10 Td (faith ) Tj ET Q q 0 0 0 rg BT 503.55 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.56 502.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 545.90 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 556.80 502.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 490.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 62.73 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 68.49 490.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 100.02 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.56 490.10 Td (which ) Tj ET Q q 0 0 0 rg BT 143.10 490.10 Td (dif) Tj ET Q q 0 0 0 rg BT 154.03 490.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 167.23 490.10 Td (only ) Tj ET Q q 0 0 0 rg BT 187.11 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.99 490.10 Td (their ) Tj ET Q q 0 0 0 rg BT 217.42 490.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 248.95 490.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 272.43 490.10 Td (maturities, ) Tj ET Q q 0 0 0 rg BT 317.03 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.57 490.10 Td (times ) Tj ET Q q 0 0 0 rg BT 357.33 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.77 490.10 Td (issuance. ) Tj ET Q q 0 0 0 rg BT 406.24 490.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 425.98 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 431.73 490.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 463.27 490.10 Td (bills ) Tj ET Q q 0 0 0 rg BT 482.59 490.10 Td (have ) Tj ET Q q 0 0 0 rg BT 503.57 490.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 529.00 490.10 Td (maturities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 54.35 478.10 Td (one-year ) Tj ET Q q 0 0 0 rg BT 92.34 478.10 Td (or ) Tj ET Q q 0 0 0 rg BT 103.69 478.10 Td (less; ) Tj ET Q q 0 0 0 rg BT 124.49 478.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 145.07 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 150.83 478.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 183.28 478.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 207.41 478.10 Td (have ) Tj ET Q q 0 0 0 rg BT 229.30 478.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 255.65 478.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 298.66 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.01 478.10 Td (one ) Tj ET Q q 0 0 0 rg BT 327.47 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.26 478.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 353.50 478.10 Td (years; ) Tj ET Q q 0 0 0 rg BT 380.40 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.85 478.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 418.44 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 424.19 478.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 456.64 478.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 483.55 478.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 523.77 478.10 Td (have ) Tj ET Q q 0 0 0 rg BT 545.67 478.10 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 466.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 85.60 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.54 466.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 126.91 466.10 Td (than ) Tj ET Q q 0 0 0 rg BT 146.74 466.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 161.57 466.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 187.78 466.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 219.83 466.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 240.22 466.10 Td (government ) Tj ET Q q 0 0 0 rg BT 290.60 466.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 330.97 466.10 Td (are ) Tj ET Q q 0 0 0 rg BT 345.79 466.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 373.41 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 384.35 466.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 430.82 466.10 Td (by ) Tj ET Q q 0 0 0 rg BT 443.43 466.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 480.47 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 491.41 466.10 Td (instrumentalities ) Tj ET Q q 0 0 0 rg BT 560.68 466.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.84 454.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 78.25 454.10 Td (government ) Tj ET Q q 0 0 0 rg BT 128.63 454.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 171.53 454.10 Td (but ) Tj ET Q q 0 0 0 rg BT 186.93 454.10 Td (not ) Tj ET Q q 0 0 0 rg BT 202.33 454.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 233.29 454.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 246.19 454.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 293.26 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.21 454.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 324.62 454.10 Td (government ) Tj ET Q q 0 0 0 rg BT 375.00 454.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 412.05 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 423.01 454.10 Td (instrumentalities ) Tj ET Q q 0 0 0 rg BT 492.28 454.10 Td (such ) Tj ET Q q 0 0 0 rg BT 513.24 454.10 Td (as ) Tj ET Q q 0 0 0 rg BT 524.19 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.03 454.10 Td (Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 442.10 Td (National ) Tj ET Q q 0 0 0 rg BT 79.32 442.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 119.67 442.10 Td (Association ) Tj ET Q q 0 0 0 rg BT 168.77 442.10 Td (\(Fannie ) Tj ET Q q 0 0 0 rg BT 205.65 442.10 Td (Mae\), ) Tj ET Q q 0 0 0 rg BT 235.57 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.67 442.10 Td (Government ) Tj ET Q q 0 0 0 rg BT 301.55 442.10 Td (National ) Tj ET Q q 0 0 0 rg BT 337.87 442.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 378.21 442.10 Td (Association ) Tj ET Q q 0 0 0 rg BT 427.32 442.10 Td (\(Ginnie ) Tj ET Q q 0 0 0 rg BT 464.19 442.10 Td (Mae\), ) Tj ET Q q 0 0 0 rg BT 494.12 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.22 442.10 Td (Small ) Tj ET Q q 0 0 0 rg BT 533.44 442.10 Td (Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 430.10 Td (Administration, ) Tj ET Q q 0 0 0 rg BT 107.62 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.40 430.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 152.96 430.10 Td (Farm ) Tj ET Q q 0 0 0 rg BT 175.63 430.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 201.85 430.10 Td (Administration, ) Tj ET Q q 0 0 0 rg BT 266.47 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.25 430.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 311.80 430.10 Td (Home ) Tj ET Q q 0 0 0 rg BT 337.81 430.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 359.92 430.10 Td (Banks, ) Tj ET Q q 0 0 0 rg BT 388.99 430.10 Td (Banks ) Tj ET Q q 0 0 0 rg BT 415.56 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 428.79 430.10 Td (Cooperatives ) Tj ET Q q 0 0 0 rg BT 483.12 430.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 525.79 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.57 430.10 Td (Central ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 418.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 66.33 418.10 Td (for ) Tj ET Q q 0 0 0 rg BT 80.21 418.10 Td (Cooperatives\), ) Tj ET Q q 0 0 0 rg BT 141.03 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.47 418.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 187.67 418.10 Td (Land ) Tj ET Q q 0 0 0 rg BT 210.44 418.10 Td (Banks, ) Tj ET Q q 0 0 0 rg BT 240.16 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.60 418.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 286.81 418.10 Td (Intermediate ) Tj ET Q q 0 0 0 rg BT 339.56 418.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 366.77 418.10 Td (Banks, ) Tj ET Q q 0 0 0 rg BT 396.50 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.77 418.10 Td (T) Tj ET Q q 0 0 0 rg BT 416.18 418.10 Td (ennessee ) Tj ET Q q 0 0 0 rg BT 453.78 418.10 Td (V) Tj ET Q q 0 0 0 rg BT 459.90 418.10 Td (alley ) Tj ET Q q 0 0 0 rg BT 481.06 418.10 Td (Authority) Tj ET Q q 0 0 0 rg BT 519.30 418.10 Td (, ) Tj ET Q q 0 0 0 rg BT 524.02 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.46 418.10 Td (Export-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 406.10 Td (Import ) Tj ET Q q 0 0 0 rg BT 73.57 406.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 98.02 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.70 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.27 406.10 Td (United ) Tj ET Q q 0 0 0 rg BT 155.83 406.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 185.57 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.13 406.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 252.26 406.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 280.61 406.10 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 334.78 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.35 406.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 383.68 406.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 427.03 406.10 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 453.98 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.55 406.10 Td (Student ) Tj ET Q q 0 0 0 rg BT 503.45 406.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 527.35 406.10 Td (Marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 394.10 Td (Association, ) Tj ET Q q 0 0 0 rg BT 95.22 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.93 394.10 Td (National ) Tj ET Q q 0 0 0 rg BT 146.87 394.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 174.36 394.10 Td (Union ) Tj ET Q q 0 0 0 rg BT 201.31 394.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 264.36 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.30 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.02 394.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 327.95 394.10 Td (Agricultural ) Tj ET Q q 0 0 0 rg BT 379.32 394.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 420.70 394.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 471.53 394.10 Td (\(Farmer ) Tj ET Q q 0 0 0 rg BT 506.23 394.10 Td (Mac\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 376.10 Td (Some ) Tj ET Q q 0 0 0 rg BT 67.91 376.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 114.49 376.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 141.63 376.10 Td (or ) Tj ET Q q 0 0 0 rg BT 152.10 376.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 198.10 376.10 Td (by ) Tj ET Q q 0 0 0 rg BT 210.23 376.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 230.15 376.10 Td (government ) Tj ET Q q 0 0 0 rg BT 280.05 376.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 316.61 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.19 376.10 Td (instrumentalities, ) Tj ET Q q 0 0 0 rg BT 404.48 376.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 446.89 376.10 Td (for ) Tj ET Q q 0 0 0 rg BT 460.68 376.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 499.19 376.10 Td (Ginnie ) Tj ET Q q 0 0 0 rg BT 528.54 376.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 548.45 376.10 Td (pass-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 364.10 Td (through ) Tj ET Q q 0 0 0 rg BT 75.91 364.10 Td (certificates, ) Tj ET Q q 0 0 0 rg BT 124.07 364.10 Td (are ) Tj ET Q q 0 0 0 rg BT 138.08 364.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 179.32 364.10 Td (by ) Tj ET Q q 0 0 0 rg BT 191.13 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.15 364.10 Td (full ) Tj ET Q q 0 0 0 rg BT 220.84 364.10 Td (faith ) Tj ET Q q 0 0 0 rg BT 240.97 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.21 364.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 281.77 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.91 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.93 364.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 325.38 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 331.14 364.10 Td (reasury) Tj ET Q q 0 0 0 rg BT 359.92 364.10 Td (. ) Tj ET Q q 0 0 0 rg BT 364.22 364.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 388.79 364.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 435.04 364.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 461.84 364.10 Td (by ) Tj ET Q q 0 0 0 rg BT 473.65 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 483.78 364.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 529.45 364.10 Td (by ) Tj ET Q q 0 0 0 rg BT 541.25 364.10 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 352.10 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 83.35 352.10 Td (such ) Tj ET Q q 0 0 0 rg BT 105.10 352.10 Td (as ) Tj ET Q q 0 0 0 rg BT 116.85 352.10 Td (those ) Tj ET Q q 0 0 0 rg BT 141.38 352.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 182.57 352.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 210.99 352.10 Td (by ) Tj ET Q q 0 0 0 rg BT 224.42 352.10 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 255.06 352.10 Td (Mae, ) Tj ET Q q 0 0 0 rg BT 278.75 352.10 Td (are ) Tj ET Q q 0 0 0 rg BT 294.38 352.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 337.24 352.10 Td (by ) Tj ET Q q 0 0 0 rg BT 350.66 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.30 352.10 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 421.93 352.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 461.45 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.21 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.84 352.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 510.05 352.10 Td (government ) Tj ET Q q 0 0 0 rg BT 561.24 352.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 340.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 80.83 340.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 110.32 340.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 157.05 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.67 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.18 340.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 212.22 340.10 Td (agency) Tj ET Q q 0 0 0 rg BT 239.89 340.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.68 340.10 Td (while ) Tj ET Q q 0 0 0 rg BT 269.19 340.10 Td (other ) Tj ET Q q 0 0 0 rg BT 292.02 340.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 338.76 340.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 366.05 340.10 Td (by ) Tj ET Q q 0 0 0 rg BT 378.34 340.10 Td (or ) Tj ET Q q 0 0 0 rg BT 388.96 340.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 435.11 340.10 Td (by ) Tj ET Q q 0 0 0 rg BT 447.40 340.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 477.44 340.10 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 516.66 340.10 Td (such ) Tj ET Q q 0 0 0 rg BT 537.28 340.10 Td (as ) Tj ET Q q 0 0 0 rg BT 547.90 340.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.22 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 67.32 328.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 99.19 328.10 Td (Home ) Tj ET Q q 0 0 0 rg BT 125.52 328.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 147.95 328.10 Td (Banks, ) Tj ET Q q 0 0 0 rg BT 177.33 328.10 Td (are ) Tj ET Q q 0 0 0 rg BT 191.43 328.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 232.75 328.10 Td (by ) Tj ET Q q 0 0 0 rg BT 244.64 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.74 328.10 Td (right ) Tj ET Q q 0 0 0 rg BT 279.52 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.73 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.83 328.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 329.05 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.72 328.10 Td (borrow ) Tj ET Q q 0 0 0 rg BT 369.48 328.10 Td (from ) Tj ET Q q 0 0 0 rg BT 390.81 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.91 328.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 424.44 328.10 Td (T) Tj ET Q q 0 0 0 rg BT 430.20 328.10 Td (reasury) Tj ET Q q 0 0 0 rg BT 458.98 328.10 Td (, ) Tj ET Q q 0 0 0 rg BT 463.37 328.10 Td (while ) Tj ET Q q 0 0 0 rg BT 487.47 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.57 328.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 521.24 328.10 Td (government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 316.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 79.75 316.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 117.03 316.10 Td (support ) Tj ET Q q 0 0 0 rg BT 149.34 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.43 316.10 Td (such ) Tj ET Q q 0 0 0 rg BT 180.06 316.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 200.15 316.10 Td (government-sponsored ) Tj ET Q q 0 0 0 rg BT 294.11 316.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 324.17 316.10 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 363.40 316.10 Td (no ) Tj ET Q q 0 0 0 rg BT 375.71 316.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 416.88 316.10 Td (can ) Tj ET Q q 0 0 0 rg BT 433.06 316.10 Td (be ) Tj ET Q q 0 0 0 rg BT 444.81 316.10 Td (given ) Tj ET Q q 0 0 0 rg BT 469.33 316.10 Td (that ) Tj ET Q q 0 0 0 rg BT 486.64 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.16 316.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 521.25 316.10 Td (government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 304.10 Td (will ) Tj ET Q q 0 0 0 rg BT 60.86 304.10 Td (always ) Tj ET Q q 0 0 0 rg BT 90.92 304.10 Td (do ) Tj ET Q q 0 0 0 rg BT 103.22 304.10 Td (so, ) Tj ET Q q 0 0 0 rg BT 116.92 304.10 Td (since ) Tj ET Q q 0 0 0 rg BT 139.76 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.28 304.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 174.36 304.10 Td (government ) Tj ET Q q 0 0 0 rg BT 224.43 304.10 Td (is ) Tj ET Q q 0 0 0 rg BT 233.40 304.10 Td (not ) Tj ET Q q 0 0 0 rg BT 248.47 304.10 Td (so ) Tj ET Q q 0 0 0 rg BT 259.67 304.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 299.18 304.10 Td (by ) Tj ET Q q 0 0 0 rg BT 311.48 304.10 Td (law) Tj ET Q q 0 0 0 rg BT 325.27 304.10 Td (. ) Tj ET Q q 0 0 0 rg BT 330.07 304.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 349.98 304.10 Td (T) Tj ET Q q 0 0 0 rg BT 355.74 304.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 387.47 304.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 410.88 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.61 304.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 453.81 304.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 491.10 304.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 507.83 304.10 Td (coupon ) Tj ET Q q 0 0 0 rg BT 539.57 304.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 292.10 Td (semi-annually ) Tj ET Q q 0 0 0 rg BT 102.15 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.09 292.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 143.80 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.51 292.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 196.55 292.10 Td (at ) Tj ET Q q 0 0 0 rg BT 206.27 292.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 239.50 292.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 274.10 Td (On ) Tj ET Q q 0 0 0 rg BT 59.03 274.10 Td (September ) Tj ET Q q 0 0 0 rg BT 105.60 274.10 Td (7, ) Tj ET Q q 0 0 0 rg BT 116.91 274.10 Td (2008, ) Tj ET Q q 0 0 0 rg BT 143.22 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.24 274.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 180.56 274.10 Td (T) Tj ET Q q 0 0 0 rg BT 186.32 274.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 219.55 274.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 266.68 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 274.92 274.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 306.48 274.10 Td (takeover ) Tj ET Q q 0 0 0 rg BT 344.72 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.85 274.10 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 387.88 274.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 409.46 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.70 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.73 274.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 477.52 274.10 Td (Home ) Tj ET Q q 0 0 0 rg BT 505.77 274.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 530.12 274.10 Td (Mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 262.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 94.52 262.10 Td (\(Freddie ) Tj ET Q q 0 0 0 rg BT 136.04 262.10 Td (Mac\), ) Tj ET Q q 0 0 0 rg BT 167.28 262.10 Td (placing ) Tj ET Q q 0 0 0 rg BT 199.91 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.33 262.10 Td (two ) Tj ET Q q 0 0 0 rg BT 233.53 262.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 264.48 262.10 Td (instrumentalities ) Tj ET Q q 0 0 0 rg BT 334.33 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.31 262.10 Td (conservatorship. ) Tj ET Q q 0 0 0 rg BT 414.33 262.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 442.52 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.93 262.10 Td (takeover) Tj ET Q q 0 0 0 rg BT 491.96 262.10 Td (, ) Tj ET Q q 0 0 0 rg BT 497.66 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.07 262.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 533.83 262.10 Td (T) Tj ET Q q 0 0 0 rg BT 539.58 262.10 Td (reasury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 250.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 71.71 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.54 250.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 113.03 250.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 125.09 250.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 153.26 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.65 250.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 190.15 250.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 228.84 250.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 252.01 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.40 250.10 Td (each ) Tj ET Q q 0 0 0 rg BT 282.77 250.10 Td (instrumentality ) Tj ET Q q 0 0 0 rg BT 345.38 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.88 250.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 398.37 250.10 Td (warrants ) Tj ET Q q 0 0 0 rg BT 434.86 250.10 Td (for ) Tj ET Q q 0 0 0 rg BT 448.58 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.86 250.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 500.45 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.84 250.10 Td (common ) Tj ET Q q 0 0 0 rg BT 547.90 250.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.33 238.10 Td (each ) Tj ET Q q 0 0 0 rg BT 73.65 238.10 Td (instrumentality ) Tj ET Q q 0 0 0 rg BT 136.20 238.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 153.75 238.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 186.30 238.10 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 225.50 238.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 250.28 238.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 287.93 238.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 338.80 238.10 Td (or ) Tj ET Q q 0 0 0 rg BT 349.13 238.10 Td (Agreement\). ) Tj ET Q q 0 0 0 rg BT 410.26 238.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 437.26 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.03 238.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 499.96 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.18 238.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 533.82 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 539.57 238.10 Td (reasury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 226.10 Td (pledged ) Tj ET Q q 0 0 0 rg BT 76.83 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 86.79 226.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 119.52 226.10 Td (up ) Tj ET Q q 0 0 0 rg BT 131.70 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.65 226.10 Td ($200 ) Tj ET Q q 0 0 0 rg BT 163.83 226.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 192.13 226.10 Td (per ) Tj ET Q q 0 0 0 rg BT 207.07 226.10 Td (instrumentality ) Tj ET Q q 0 0 0 rg BT 269.80 226.10 Td (as ) Tj ET Q q 0 0 0 rg BT 280.31 226.10 Td (needed, ) Tj ET Q q 0 0 0 rg BT 313.30 226.10 Td (including ) Tj ET Q q 0 0 0 rg BT 353.26 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.65 226.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 418.71 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.22 226.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 449.17 226.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 478.00 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.96 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.35 226.10 Td (instrumentalities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 53.53 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.49 214.10 Td (event ) Tj ET Q q 0 0 0 rg BT 92.89 214.10 Td (their ) Tj ET Q q 0 0 0 rg BT 113.97 214.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 153.93 214.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 184.43 214.10 Td (their ) Tj ET Q q 0 0 0 rg BT 205.51 214.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 233.89 214.10 Td (This ) Tj ET Q q 0 0 0 rg BT 254.41 214.10 Td (was ) Tj ET Q q 0 0 0 rg BT 272.71 214.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 309.90 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.42 214.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 349.27 214.10 Td (that ) Tj ET Q q 0 0 0 rg BT 367.01 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.98 214.10 Td (instrumentalities ) Tj ET Q q 0 0 0 rg BT 451.38 214.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 489.12 214.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.30 214.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 530.72 214.10 Td (net ) Tj ET Q q 0 0 0 rg BT 545.68 214.10 Td (worth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 60.81 202.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 83.62 202.10 Td (their ) Tj ET Q q 0 0 0 rg BT 105.32 202.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 143.67 202.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 193.99 202.10 Td (preventing ) Tj ET Q q 0 0 0 rg BT 240.13 202.10 Td (mandatory ) Tj ET Q q 0 0 0 rg BT 286.27 202.10 Td (triggering ) Tj ET Q q 0 0 0 rg BT 329.07 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.78 202.10 Td (receivership. ) Tj ET Q q 0 0 0 rg BT 395.51 202.10 Td (On ) Tj ET Q q 0 0 0 rg BT 411.11 202.10 Td (December ) Tj ET Q q 0 0 0 rg BT 455.57 202.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 471.44 202.10 Td (2009, ) Tj ET Q q 0 0 0 rg BT 497.32 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.91 202.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 533.82 202.10 Td (T) Tj ET Q q 0 0 0 rg BT 539.58 202.10 Td (reasury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 190.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 88.56 190.10 Td (that ) Tj ET Q q 0 0 0 rg BT 105.80 190.10 Td (it ) Tj ET Q q 0 0 0 rg BT 113.61 190.10 Td (was ) Tj ET Q q 0 0 0 rg BT 131.40 190.10 Td (amending ) Tj ET Q q 0 0 0 rg BT 173.08 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.05 190.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 233.72 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.74 190.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 268.21 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.67 190.10 Td ($200 ) Tj ET Q q 0 0 0 rg BT 304.92 190.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 333.28 190.10 Td (cap ) Tj ET Q q 0 0 0 rg BT 349.40 190.10 Td (on ) Tj ET Q q 0 0 0 rg BT 361.65 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.11 190.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 395.98 190.10 Td (T) Tj ET Q q 0 0 0 rg BT 401.73 190.10 Td (reasury) Tj ET Q q 0 0 0 rg BT 433.94 190.10 Td (s ) Tj ET Q q 0 0 0 rg BT 440.08 190.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 473.43 190.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 526.22 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 536.25 190.10 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 178.10 Td (as ) Tj ET Q q 0 0 0 rg BT 54.50 178.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 96.53 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.47 178.10 Td (accommodate ) Tj ET Q q 0 0 0 rg BT 166.17 178.10 Td (any ) Tj ET Q q 0 0 0 rg BT 183.77 178.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 231.36 178.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 272.29 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 283.24 178.10 Td (net ) Tj ET Q q 0 0 0 rg BT 298.62 178.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 325.11 178.10 Td (over ) Tj ET Q q 0 0 0 rg BT 346.05 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.43 178.10 Td (next ) Tj ET Q q 0 0 0 rg BT 381.81 178.10 Td (three ) Tj ET Q q 0 0 0 rg BT 404.96 178.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 431.03 178.10 Td (As ) Tj ET Q q 0 0 0 rg BT 445.31 178.10 Td (a ) Tj ET Q q 0 0 0 rg BT 452.91 178.10 Td (result ) Tj ET Q q 0 0 0 rg BT 478.29 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.79 178.10 Td (this ) Tj ET Q q 0 0 0 rg BT 506.71 178.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 556.79 178.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 166.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 93.42 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.40 166.10 Td (holders, ) Tj ET Q q 0 0 0 rg BT 138.99 166.10 Td (including ) Tj ET Q q 0 0 0 rg BT 179.41 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.27 166.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 219.98 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.96 166.10 Td (mortgage-backed ) Tj ET Q q 0 0 0 rg BT 303.02 166.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 343.43 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.51 166.10 Td (other ) Tj ET Q q 0 0 0 rg BT 383.71 166.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 430.80 166.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 458.45 166.10 Td (by ) Tj ET Q q 0 0 0 rg BT 471.10 166.10 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 500.96 166.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 521.38 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.46 166.10 Td (Freddie ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 154.10 Td (Mac ) Tj ET Q q 0 0 0 rg BT 63.27 154.10 Td (are ) Tj ET Q q 0 0 0 rg BT 77.98 154.10 Td (protected. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 136.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.55 136.10 Td (total ) Tj ET Q q 0 0 0 rg BT 82.33 136.10 Td (public ) Tj ET Q q 0 0 0 rg BT 110.34 136.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 130.56 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.90 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.12 136.10 Td (United ) Tj ET Q q 0 0 0 rg BT 187.34 136.10 Td (States ) Tj ET Q q 0 0 0 rg BT 214.24 136.10 Td (as ) Tj ET Q q 0 0 0 rg BT 225.57 136.10 Td (a ) Tj ET Q q 0 0 0 rg BT 233.02 136.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 279.33 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.66 136.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 314.78 136.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 353.89 136.10 Td (product ) Tj ET Q q 0 0 0 rg BT 387.45 136.10 Td (has ) Tj ET Q q 0 0 0 rg BT 403.79 136.10 Td (grown ) Tj ET Q q 0 0 0 rg BT 432.34 136.10 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 463.68 136.10 Td (since ) Tj ET Q q 0 0 0 rg BT 487.23 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.45 136.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 545.46 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 556.79 136.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 124.10 Td (2008-2009 ) Tj ET Q q 0 0 0 rg BT 88.98 124.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 126.61 124.10 Td (downturn. ) Tj ET Q q 0 0 0 rg BT 169.51 124.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 209.94 124.10 Td (high ) Tj ET Q q 0 0 0 rg BT 230.37 124.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 250.24 124.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 276.21 124.10 Td (do ) Tj ET Q q 0 0 0 rg BT 288.87 124.10 Td (not ) Tj ET Q q 0 0 0 rg BT 304.29 124.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 351.37 124.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 385.67 124.10 Td (or ) Tj ET Q q 0 0 0 rg BT 396.65 124.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 421.51 124.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 463.04 124.10 Td (problems, ) Tj ET Q q 0 0 0 rg BT 505.40 124.10 Td (they ) Tj ET Q q 0 0 0 rg BT 525.27 124.10 Td (may ) Tj ET Q q 0 0 0 rg BT 545.14 124.10 Td (create ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 112.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 72.44 112.10 Td (systemic ) Tj ET Q q 0 0 0 rg BT 109.67 112.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 130.80 112.10 Td (if ) Tj ET Q q 0 0 0 rg BT 139.14 112.10 Td (sound ) Tj ET Q q 0 0 0 rg BT 165.27 112.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 184.72 112.10 Td (management ) Tj ET Q q 0 0 0 rg BT 238.05 112.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 275.82 112.10 Td (are ) Tj ET Q q 0 0 0 rg BT 290.26 112.10 Td (not ) Tj ET Q q 0 0 0 rg BT 305.28 112.10 Td (implemented. ) Tj ET Q q 0 0 0 rg BT 361.73 112.10 Td (A) Tj ET Q q 0 0 0 rg BT 368.40 112.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.63 112.10 Td (high ) Tj ET Q q 0 0 0 rg BT 390.65 112.10 Td (national ) Tj ET Q q 0 0 0 rg BT 425.09 112.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 444.55 112.10 Td (can ) Tj ET Q q 0 0 0 rg BT 460.66 112.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 481.77 112.10 Td (concerns ) Tj ET Q q 0 0 0 rg BT 519.55 112.10 Td (that ) Tj ET Q q 0 0 0 rg BT 536.78 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 551.23 112.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 100.10 Td (government ) Tj ET Q q 0 0 0 rg BT 93.41 100.10 Td (will ) Tj ET Q q 0 0 0 rg BT 111.61 100.10 Td (not ) Tj ET Q q 0 0 0 rg BT 127.04 100.10 Td (be ) Tj ET Q q 0 0 0 rg BT 139.12 100.10 Td (able ) Tj ET Q q 0 0 0 rg BT 158.42 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 168.84 100.10 Td (make ) Tj ET Q q 0 0 0 rg BT 193.14 100.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 231.33 100.10 Td (or ) Tj ET Q q 0 0 0 rg BT 242.31 100.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 274.39 100.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 315.36 100.10 Td (when ) Tj ET Q q 0 0 0 rg BT 339.66 100.10 Td (they ) Tj ET Q q 0 0 0 rg BT 359.53 100.10 Td (are ) Tj ET Q q 0 0 0 rg BT 374.38 100.10 Td (due. ) Tj ET Q q 0 0 0 rg BT 393.77 100.10 Td (This ) Tj ET Q q 0 0 0 rg BT 414.19 100.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 449.59 100.10 Td (has ) Tj ET Q q 0 0 0 rg BT 465.57 100.10 Td (also ) Tj ET Q q 0 0 0 rg BT 484.32 100.10 Td (necessitated ) Tj ET Q q 0 0 0 rg BT 535.28 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 550.14 100.10 Td (need ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 88.10 Td (for ) Tj ET Q q 0 0 0 rg BT 57.41 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 72.38 88.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 92.92 88.10 Td (Congress ) Tj ET Q q 0 0 0 rg BT 132.89 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.42 88.10 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 182.83 88.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 233.35 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.89 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.86 88.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 296.60 88.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 316.57 88.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 338.22 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.75 88.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 384.26 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.23 88.10 Td (cap ) Tj ET Q q 0 0 0 rg BT 415.86 88.10 Td (on ) Tj ET Q q 0 0 0 rg BT 428.61 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.58 88.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 476.33 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.30 88.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 511.83 88.10 Td (government ) Tj ET Q q 0 0 0 rg BT 562.35 88.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 76.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 83.91 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.28 76.10 Td (borrow ) Tj ET Q q 0 0 0 rg BT 125.76 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.13 76.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 158.16 76.10 Td (its ) Tj ET Q q 0 0 0 rg BT 170.20 76.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 204.46 76.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 251.49 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.52 76.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 300.54 76.10 Td (current ) Tj ET Q q 0 0 0 rg BT 331.45 76.10 Td (budget ) Tj ET Q q 0 0 0 rg BT 361.26 76.10 Td (deficits. ) Tj ET Q q 0 0 0 rg BT 395.78 76.10 Td (In ) Tj ET Q q 0 0 0 rg BT 406.13 76.10 Td (August ) Tj ET Q q 0 0 0 rg BT 437.62 76.10 Td (201) Tj ET Q q 0 0 0 rg BT 452.25 76.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 462.34 76.10 Td (S&P) Tj ET Q q 0 0 0 rg BT 480.87 76.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.46 76.10 Td (lowered ) Tj ET Q q 0 0 0 rg BT 518.26 76.10 Td (its ) Tj ET Q q 0 0 0 rg BT 530.30 76.10 Td (long ) Tj ET Q q 0 0 0 rg BT 550.67 76.10 Td (term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 64.10 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 83.80 64.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 108.49 64.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 133.73 64.10 Td (on ) Tj ET Q q 0 0 0 rg BT 145.66 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.80 64.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 179.50 64.10 Td (In ) Tj ET Q q 0 0 0 rg BT 189.76 64.10 Td (explaining ) Tj ET Q q 0 0 0 rg BT 233.89 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.03 64.10 Td (downgrade ) Tj ET Q q 0 0 0 rg BT 294.38 64.10 Td (at ) Tj ET Q q 0 0 0 rg BT 303.52 64.10 Td (that ) Tj ET Q q 0 0 0 rg BT 320.44 64.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 342.64 64.10 Td (S&P) Tj ET Q q 0 0 0 rg BT 361.17 64.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.09 64.10 Td (cited, ) Tj ET Q q 0 0 0 rg BT 386.95 64.10 Td (among ) Tj ET Q q 0 0 0 rg BT 416.08 64.10 Td (other ) Tj ET Q q 0 0 0 rg BT 438.55 64.10 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 472.97 64.10 Td (controversy ) Tj ET Q q 0 0 0 rg BT 522.10 64.10 Td (over ) Tj ET Q q 0 0 0 rg BT 541.79 64.10 Td (raising ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 46.60 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 58.24 742.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 96.26 742.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 116.51 742.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 138.43 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.89 742.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 187.25 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.05 742.10 Td (public ) Tj ET Q q 0 0 0 rg BT 226.07 742.10 Td (spending. ) Tj ET Q q 0 0 0 rg BT 267.71 742.10 Td (On ) Tj ET Q q 0 0 0 rg BT 282.96 742.10 Td (February ) Tj ET Q q 0 0 0 rg BT 322.08 742.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 332.61 742.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 358.13 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 400.05 742.10 Td (passage ) Tj ET Q q 0 0 0 rg BT 434.17 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 447.20 742.10 Td (Congress, ) Tj ET Q q 0 0 0 rg BT 489.95 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.19 742.10 Td (President ) Tj ET Q q 0 0 0 rg BT 545.43 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 556.79 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (United ) Tj ET Q q 0 0 0 rg BT 73.04 730.10 Td (States ) Tj ET Q q 0 0 0 rg BT 99.75 730.10 Td (signed ) Tj ET Q q 0 0 0 rg BT 128.68 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.72 730.10 Td (Bipartisan ) Tj ET Q q 0 0 0 rg BT 187.65 730.10 Td (Budget ) Tj ET Q q 0 0 0 rg BT 218.74 730.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 236.00 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.15 730.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 272.48 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 299.74 730.10 Td (suspends ) Tj ET Q q 0 0 0 rg BT 338.68 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.72 730.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 391.54 730.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 411.58 730.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 433.29 730.10 Td (through ) Tj ET Q q 0 0 0 rg BT 467.22 730.10 Td (March ) Tj ET Q q 0 0 0 rg BT 496.15 730.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 506.47 730.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 531.79 730.10 Td (Congress ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (has ) Tj ET Q q 0 0 0 rg BT 60.04 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 76.53 718.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 92.46 718.10 Td (acted ) Tj ET Q q 0 0 0 rg BT 117.27 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.76 718.10 Td (either ) Tj ET Q q 0 0 0 rg BT 155.24 718.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 185.60 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.53 718.10 Td (suspension ) Tj ET Q q 0 0 0 rg BT 249.14 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 261.18 718.10 Td (permanently ) Tj ET Q q 0 0 0 rg BT 314.87 718.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 337.46 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.39 718.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 374.32 718.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 396.92 718.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 417.57 718.10 Td (until ) Tj ET Q q 0 0 0 rg BT 439.62 718.10 Td (it ) Tj ET Q q 0 0 0 rg BT 448.89 718.10 Td (does, ) Tj ET Q q 0 0 0 rg BT 473.43 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.36 718.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 510.86 718.10 Td (government ) Tj ET Q q 0 0 0 rg BT 562.33 718.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 101.90 706.10 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 159.11 706.10 Td (measures, ) Tj ET Q q 0 0 0 rg BT 202.17 706.10 Td (such ) Tj ET Q q 0 0 0 rg BT 223.84 706.10 Td (as ) Tj ET Q q 0 0 0 rg BT 235.52 706.10 Td (temporarily ) Tj ET Q q 0 0 0 rg BT 285.52 706.10 Td (suspending ) Tj ET Q q 0 0 0 rg BT 333.87 706.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 375.55 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.68 706.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 417.78 706.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 462.22 706.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 489.55 706.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 510.12 706.10 Td (controversy ) Tj ET Q q 0 0 0 rg BT 560.68 706.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 78.07 694.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 125.34 694.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 165.94 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.45 694.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 217.74 694.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 237.24 694.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 266.75 694.10 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 317.92 694.10 Td (may ) Tj ET Q q 0 0 0 rg BT 337.42 694.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 366.93 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.43 694.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 401.51 694.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 443.23 694.10 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 484.40 694.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 509.45 694.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 535.07 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 551.79 694.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 66.85 682.10 Td (market ) Tj ET Q q 0 0 0 rg BT 96.25 682.10 Td (uncertainty) Tj ET Q q 0 0 0 rg BT 140.58 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 144.36 682.10 Td (As ) Tj ET Q q 0 0 0 rg BT 157.11 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.19 682.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 189.55 682.10 Td (market ) Tj ET Q q 0 0 0 rg BT 218.95 682.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 244.47 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.54 682.10 Td (yields ) Tj ET Q q 0 0 0 rg BT 286.07 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.04 682.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 335.44 682.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 376.52 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 388.16 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.02 682.10 Td (full ) Tj ET Q q 0 0 0 rg BT 417.54 682.10 Td (faith ) Tj ET Q q 0 0 0 rg BT 437.51 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.59 682.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 477.99 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.96 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.82 682.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 521.24 682.10 Td (government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.10 Td (may ) Tj ET Q q 0 0 0 rg BT 62.72 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 74.66 670.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 115.47 670.10 Td (af) Tj ET Q q 0 0 0 rg BT 123.06 670.10 Td (fected. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 652.10 Td (I) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 46.89 652.10 Td (NVESTMENT) Tj ET Q q 0 0 0 rg BT 103.74 652.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.99 652.10 Td (R) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 113.21 652.10 Td (ESTRICTIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.20 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 65.95 634.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 82.73 634.10 Td (has ) Tj ET Q q 0 0 0 rg BT 97.84 634.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 131.28 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.27 634.10 Td (following ) Tj ET Q q 0 0 0 rg BT 185.94 634.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 231.60 634.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 277.81 634.10 Td (as ) Tj ET Q q 0 0 0 rg BT 287.92 634.10 Td (fundamental ) Tj ET Q q 0 0 0 rg BT 339.68 634.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 372.56 634.10 Td (with ) Tj ET Q q 0 0 0 rg BT 392.12 634.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 422.21 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.77 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.76 634.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 470.48 634.10 Td (These ) Tj ET Q q 0 0 0 rg BT 496.13 634.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 542.34 634.10 Td (cannot ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 54.62 622.10 Td (changed ) Tj ET Q q 0 0 0 rg BT 90.12 622.10 Td (with ) Tj ET Q q 0 0 0 rg BT 110.08 622.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 140.58 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.55 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.95 622.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 187.69 622.10 Td (without ) Tj ET Q q 0 0 0 rg BT 220.43 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.83 622.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 272.00 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.52 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.92 622.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 328.54 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.06 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 345.68 622.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 381.74 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.26 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.66 622.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 430.00 622.10 Td (s ) Tj ET Q q 0 0 0 rg BT 436.07 622.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 484.92 622.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 512.66 622.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 555.11 622.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 56.89 610.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 94.11 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.12 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.00 610.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 139.31 610.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 157.92 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 164.03 610.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 204.02 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.02 610.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 262.36 610.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 293.46 610.10 Td (means ) Tj ET Q q 0 0 0 rg BT 320.68 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.57 610.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 353.46 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.46 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.35 610.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 401.79 610.10 Td (of: ) Tj ET Q q 0 0 0 rg BT 414.57 610.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 427.91 610.10 Td (67% ) Tj ET Q q 0 0 0 rg BT 447.91 610.10 Td (or ) Tj ET Q q 0 0 0 rg BT 457.91 610.10 Td (more ) Tj ET Q q 0 0 0 rg BT 480.13 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.13 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.02 610.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 531.25 610.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.02 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 66.93 598.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 89.18 598.10 Td (present ) Tj ET Q q 0 0 0 rg BT 119.75 598.10 Td (at ) Tj ET Q q 0 0 0 rg BT 128.66 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.57 598.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 176.47 598.10 Td (if ) Tj ET Q q 0 0 0 rg BT 184.27 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.18 598.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 229.31 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.34 598.10 Td (more ) Tj ET Q q 0 0 0 rg BT 261.57 598.10 Td (than ) Tj ET Q q 0 0 0 rg BT 280.48 598.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 300.50 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.53 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.44 598.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 347.78 598.10 Td (s ) Tj ET Q q 0 0 0 rg BT 353.36 598.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 401.72 598.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 428.96 598.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 468.42 598.10 Td (are ) Tj ET Q q 0 0 0 rg BT 482.32 598.10 Td (present ) Tj ET Q q 0 0 0 rg BT 512.89 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 522.91 598.10 Td (represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 586.10 Td (by ) Tj ET Q q 0 0 0 rg BT 55.50 586.10 Td (proxy; ) Tj ET Q q 0 0 0 rg BT 84.11 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 94.94 586.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 109.10 586.10 Td (more ) Tj ET Q q 0 0 0 rg BT 132.15 586.10 Td (than ) Tj ET Q q 0 0 0 rg BT 151.86 586.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 172.69 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.52 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.24 586.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 247.40 586.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 275.46 586.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 315.72 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.55 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.27 586.10 Td (Fund.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 568.10 Td (Except ) Tj ET Q q 0 0 0 rg BT 73.26 568.10 Td (with ) Tj ET Q q 0 0 0 rg BT 93.54 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.26 568.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 145.74 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.57 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.51 568.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 199.89 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.72 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.44 568.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 274.61 568.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 302.66 568.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 345.43 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.14 568.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 383.21 568.10 Td (may ) Tj ET Q q 0 0 0 rg BT 402.92 568.10 Td (not: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 550.10 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 550.10 Td (Concentrate ) Tj ET Q q 0 0 0 rg BT 129.34 550.10 Td (its ) Tj ET Q q 0 0 0 rg BT 140.83 550.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 190.63 550.10 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 193.96 550.10 Td (i.e.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.18 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 210.71 550.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 230.53 550.10 Td (more ) Tj ET Q q 0 0 0 rg BT 253.11 550.10 Td (than ) Tj ET Q q 0 0 0 rg BT 272.36 550.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 292.72 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.08 550.10 Td (its ) Tj ET Q q 0 0 0 rg BT 314.57 550.10 Td (total ) Tj ET Q q 0 0 0 rg BT 334.37 550.10 Td (assets\) ) Tj ET Q q 0 0 0 rg BT 363.07 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.88 550.10 Td (any ) Tj ET Q q 0 0 0 rg BT 389.35 550.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 424.16 550.10 Td (or ) Tj ET Q q 0 0 0 rg BT 434.53 550.10 Td (group ) Tj ET Q q 0 0 0 rg BT 459.89 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 470.25 550.10 Td (related ) Tj ET Q q 0 0 0 rg BT 499.49 550.10 Td (industries, ) Tj ET Q q 0 0 0 rg BT 542.91 550.10 Td (except ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 538.10 Td (that ) Tj ET Q q 0 0 0 rg BT 95.85 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.92 538.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 132.33 538.10 Td (will ) Tj ET Q q 0 0 0 rg BT 149.74 538.10 Td (concentrate ) Tj ET Q q 0 0 0 rg BT 197.67 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.30 538.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 266.91 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.98 538.10 Td (same ) Tj ET Q q 0 0 0 rg BT 303.38 538.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 329.66 538.10 Td (that ) Tj ET Q q 0 0 0 rg BT 346.51 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.58 538.10 Td (Index ) Tj ET Q q 0 0 0 rg BT 385.20 538.10 Td (concentrates ) Tj ET Q q 0 0 0 rg BT 437.02 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.65 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.72 538.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 500.34 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.52 538.10 Td (such ) Tj ET Q q 0 0 0 rg BT 530.70 538.10 Td (particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 526.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 113.23 526.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.02 526.10 Td (group ) Tj ET Q q 0 0 0 rg BT 147.81 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.59 526.10 Td (related ) Tj ET Q q 0 0 0 rg BT 186.25 526.10 Td (industries. ) Tj ET Q q 0 0 0 rg BT 229.10 526.10 Td (For ) Tj ET Q q 0 0 0 rg BT 244.44 526.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 281.45 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.24 526.10 Td (this ) Tj ET Q q 0 0 0 rg BT 307.14 526.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 349.99 526.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 389.21 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.99 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.67 526.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 431.91 526.10 Td (government ) Tj ET Q q 0 0 0 rg BT 481.13 526.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 523.69 526.10 Td (its ) Tj ET Q q 0 0 0 rg BT 534.59 526.10 Td (agencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.89 514.10 Td (instrumentalities\), ) Tj ET Q q 0 0 0 rg BT 168.83 514.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 209.71 514.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 255.05 514.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 301.77 514.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 346.53 514.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 393.52 514.10 Td (collateralized ) Tj ET Q q 0 0 0 rg BT 448.82 514.10 Td (by ) Tj ET Q q 0 0 0 rg BT 460.28 514.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 479.52 514.10 Td (government ) Tj ET Q q 0 0 0 rg BT 528.74 514.10 Td (securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.57 502.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 135.47 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.94 502.10 Td (state ) Tj ET Q q 0 0 0 rg BT 166.40 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 176.87 502.10 Td (municipal ) Tj ET Q q 0 0 0 rg BT 219.00 502.10 Td (governments ) Tj ET Q q 0 0 0 rg BT 272.79 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.36 502.10 Td (their ) Tj ET Q q 0 0 0 rg BT 309.82 502.10 Td (political ) Tj ET Q q 0 0 0 rg BT 344.73 502.10 Td (subdivisions ) Tj ET Q q 0 0 0 rg BT 396.87 502.10 Td (are ) Tj ET Q q 0 0 0 rg BT 411.22 502.10 Td (not ) Tj ET Q q 0 0 0 rg BT 426.13 502.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 471.58 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 481.50 502.10 Td (be ) Tj ET Q q 0 0 0 rg BT 493.07 502.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 520.21 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 532.34 502.10 Td (members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.83 490.10 Td (any ) Tj ET Q q 0 0 0 rg BT 106.77 490.10 Td (industry) Tj ET Q q 0 0 0 rg BT 138.90 490.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 472.10 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 472.10 Td (Borrow ) Tj ET Q q 0 0 0 rg BT 111.80 472.10 Td (money ) Tj ET Q q 0 0 0 rg BT 141.27 472.10 Td (or ) Tj ET Q q 0 0 0 rg BT 151.86 472.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 174.11 472.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 200.80 472.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 240.82 472.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 254.73 472.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 286.97 472.10 Td (under ) Tj ET Q q 0 0 0 rg BT 311.99 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.46 472.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 348.21 472.10 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 370.73 472.10 Td (except ) Tj ET Q q 0 0 0 rg BT 399.08 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.11 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.58 472.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 450.26 472.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 490.84 472.10 Td (under ) Tj ET Q q 0 0 0 rg BT 515.86 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.33 472.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 552.08 472.10 Td (Act. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 454.10 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 454.10 Td (Make ) Tj ET Q q 0 0 0 rg BT 104.27 454.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 130.38 454.10 Td (except ) Tj ET Q q 0 0 0 rg BT 158.97 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.25 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.97 454.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 210.90 454.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 251.72 454.10 Td (under ) Tj ET Q q 0 0 0 rg BT 276.99 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.71 454.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 313.65 454.10 Td (Act.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 436.10 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 436.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 117.84 436.10 Td (or ) Tj ET Q q 0 0 0 rg BT 128.92 436.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 145.55 436.10 Td (real ) Tj ET Q q 0 0 0 rg BT 163.28 436.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 188.79 436.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 216.53 436.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 253.70 436.10 Td (as ) Tj ET Q q 0 0 0 rg BT 264.77 436.10 Td (a ) Tj ET Q q 0 0 0 rg BT 271.95 436.10 Td (result ) Tj ET Q q 0 0 0 rg BT 296.92 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.99 436.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 352.39 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.47 436.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 403.98 436.10 Td (or ) Tj ET Q q 0 0 0 rg BT 415.05 436.10 Td (other ) Tj ET Q q 0 0 0 rg BT 438.34 436.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 490.25 436.10 Td (except ) Tj ET Q q 0 0 0 rg BT 519.09 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.61 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.57 436.10 Td (extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 424.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 120.10 424.10 Td (under ) Tj ET Q q 0 0 0 rg BT 145.65 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.65 424.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 182.82 424.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 202.34 424.10 Td (This ) Tj ET Q q 0 0 0 rg BT 222.90 424.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 244.57 424.10 Td (not ) Tj ET Q q 0 0 0 rg BT 260.13 424.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 292.90 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.90 424.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 331.24 424.10 Td (from ) Tj ET Q q 0 0 0 rg BT 353.46 424.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 392.91 424.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.47 424.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 444.01 424.10 Td (or ) Tj ET Q q 0 0 0 rg BT 455.13 424.10 Td (other ) Tj ET Q q 0 0 0 rg BT 478.46 424.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 527.90 424.10 Td (backed ) Tj ET Q q 0 0 0 rg BT 559.00 424.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 412.10 Td (real ) Tj ET Q q 0 0 0 rg BT 96.49 412.10 Td (estate, ) Tj ET Q q 0 0 0 rg BT 124.25 412.10 Td (real ) Tj ET Q q 0 0 0 rg BT 141.73 412.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 167.00 412.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 213.38 412.10 Td (trusts ) Tj ET Q q 0 0 0 rg BT 237.55 412.10 Td (or ) Tj ET Q q 0 0 0 rg BT 248.38 412.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 288.64 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.47 412.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 344.74 412.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 380.55 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 390.83 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.55 412.10 Td (real ) Tj ET Q q 0 0 0 rg BT 423.03 412.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 448.30 412.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 394.10 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 394.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 117.56 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 128.35 394.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 144.70 394.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 180.48 394.10 Td (commodities ) Tj ET Q q 0 0 0 rg BT 234.61 394.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 262.07 394.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 298.95 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 309.74 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.64 394.10 Td (result ) Tj ET Q q 0 0 0 rg BT 341.32 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.11 394.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 396.23 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.02 394.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 447.25 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 458.04 394.10 Td (other ) Tj ET Q q 0 0 0 rg BT 481.05 394.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 532.67 394.10 Td (except ) Tj ET Q q 0 0 0 rg BT 561.23 394.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.48 382.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 122.17 382.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 163.75 382.10 Td (under ) Tj ET Q q 0 0 0 rg BT 189.77 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.25 382.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 227.79 382.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 247.75 382.10 Td (This ) Tj ET Q q 0 0 0 rg BT 268.78 382.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 290.93 382.10 Td (not ) Tj ET Q q 0 0 0 rg BT 306.97 382.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 340.21 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.68 382.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 379.50 382.10 Td (from ) Tj ET Q q 0 0 0 rg BT 402.20 382.10 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 449.34 382.10 Td (or ) Tj ET Q q 0 0 0 rg BT 460.92 382.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 490.85 382.10 Td (options ) Tj ET Q q 0 0 0 rg BT 523.55 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.25 382.10 Td (futures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 370.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 117.59 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 128.42 370.10 Td (from ) Tj ET Q q 0 0 0 rg BT 150.36 370.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 189.53 370.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.81 370.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 240.07 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 250.90 370.10 Td (other ) Tj ET Q q 0 0 0 rg BT 273.95 370.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 323.11 370.10 Td (backed ) Tj ET Q q 0 0 0 rg BT 353.93 370.10 Td (by ) Tj ET Q q 0 0 0 rg BT 366.43 370.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 402.25 370.10 Td (commodities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 352.10 Td (6. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 352.10 Td (Underwrite ) Tj ET Q q 0 0 0 rg BT 127.04 352.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 167.30 352.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 194.80 352.10 Td (by ) Tj ET Q q 0 0 0 rg BT 207.30 352.10 Td (other ) Tj ET Q q 0 0 0 rg BT 230.35 352.10 Td (persons, ) Tj ET Q q 0 0 0 rg BT 265.90 352.10 Td (except ) Tj ET Q q 0 0 0 rg BT 294.49 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.77 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.49 352.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 346.42 352.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 387.24 352.10 Td (under ) Tj ET Q q 0 0 0 rg BT 412.51 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.23 352.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 449.18 352.10 Td (Act.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 334.10 Td (7. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 88.04 334.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 101.01 334.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 131.74 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.94 334.10 Td (75% ) Tj ET Q q 0 0 0 rg BT 162.68 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.43 334.10 Td (its ) Tj ET Q q 0 0 0 rg BT 185.29 334.10 Td (total ) Tj ET Q q 0 0 0 rg BT 205.48 334.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 233.73 334.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 271.68 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.31 334.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 326.49 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.24 334.10 Td (any ) Tj ET Q q 0 0 0 rg BT 354.09 334.10 Td (one ) Tj ET Q q 0 0 0 rg BT 370.95 334.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 396.70 334.10 Td (if, ) Tj ET Q q 0 0 0 rg BT 407.72 334.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 460.12 334.10 Td (after ) Tj ET Q q 0 0 0 rg BT 480.85 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.71 334.10 Td (as ) Tj ET Q q 0 0 0 rg BT 508.45 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 515.31 334.10 Td (result ) Tj ET Q q 0 0 0 rg BT 539.94 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.69 334.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 322.10 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 119.96 322.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 133.98 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.12 322.10 Td (value ) Tj ET Q q 0 0 0 rg BT 173.70 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.95 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.09 322.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 223.43 322.10 Td (s ) Tj ET Q q 0 0 0 rg BT 230.24 322.10 Td (holdings ) Tj ET Q q 0 0 0 rg BT 267.61 322.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.31 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.45 322.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 334.14 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.39 322.10 Td (such ) Tj ET Q q 0 0 0 rg BT 366.64 322.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 392.90 322.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 427.46 322.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 443.72 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.97 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.11 322.10 Td (value ) Tj ET Q q 0 0 0 rg BT 494.69 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.94 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.08 322.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 544.42 322.10 Td (s ) Tj ET Q q 0 0 0 rg BT 551.23 322.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 310.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 107.60 310.10 Td (or ) Tj ET Q q 0 0 0 rg BT 118.70 310.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 133.13 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.11 310.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 171.44 310.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 195.32 310.10 Td (more ) Tj ET Q q 0 0 0 rg BT 218.64 310.10 Td (than ) Tj ET Q q 0 0 0 rg BT 238.62 310.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 259.72 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.82 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.81 310.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 335.24 310.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 363.57 310.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 404.10 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.20 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.18 310.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 456.28 310.10 Td (\(with ) Tj ET Q q 0 0 0 rg BT 480.16 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.14 310.10 Td (exception ) Tj ET Q q 0 0 0 rg BT 536.78 310.10 Td (that ) Tj ET Q q 0 0 0 rg BT 554.55 310.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 298.10 Td (restriction ) Tj ET Q q 0 0 0 rg BT 124.65 298.10 Td (does ) Tj ET Q q 0 0 0 rg BT 148.10 298.10 Td (not ) Tj ET Q q 0 0 0 rg BT 165.99 298.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 193.32 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.21 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.54 298.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 246.88 298.10 Td (s ) Tj ET Q q 0 0 0 rg BT 255.88 298.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 308.77 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.66 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.99 298.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 381.87 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.31 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.64 298.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 435.54 298.10 Td (Government, ) Tj ET Q q 0 0 0 rg BT 493.13 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 506.58 298.10 Td (its ) Tj ET Q q 0 0 0 rg BT 521.14 298.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 560.67 298.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 286.10 Td (instrumentalities, ) Tj ET Q q 0 0 0 rg BT 150.66 286.10 Td (or ) Tj ET Q q 0 0 0 rg BT 161.49 286.10 Td (other ) Tj ET Q q 0 0 0 rg BT 184.53 286.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 230.91 286.10 Td (companies\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 268.10 Td (In ) Tj ET Q q 0 0 0 rg BT 54.12 268.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 89.69 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.26 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.27 268.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 161.95 268.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 209.17 268.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 243.62 268.10 Td (as ) Tj ET Q q 0 0 0 rg BT 254.74 268.10 Td (fundamental ) Tj ET Q q 0 0 0 rg BT 307.52 268.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 341.41 268.10 Td (as ) Tj ET Q q 0 0 0 rg BT 352.54 268.10 Td (set ) Tj ET Q q 0 0 0 rg BT 366.44 268.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 388.67 268.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 417.84 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.85 268.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 456.20 268.10 Td (observes ) Tj ET Q q 0 0 0 rg BT 493.99 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.00 268.10 Td (following ) Tj ET Q q 0 0 0 rg BT 550.68 268.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 256.10 Td (fundamental ) Tj ET Q q 0 0 0 rg BT 95.48 256.10 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 144.91 256.10 Td (which ) Tj ET Q q 0 0 0 rg BT 171.85 256.10 Td (may ) Tj ET Q q 0 0 0 rg BT 191.57 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 203.51 256.10 Td (changed ) Tj ET Q q 0 0 0 rg BT 239.32 256.10 Td (without ) Tj ET Q q 0 0 0 rg BT 272.38 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.32 256.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 328.46 256.10 Td (vote. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 238.10 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 238.10 Td (The ) Tj ET Q q 0 0 0 rg BT 97.01 238.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 120.04 238.10 Td (will ) Tj ET Q q 0 0 0 rg BT 138.07 238.10 Td (not ) Tj ET Q q 0 0 0 rg BT 153.31 238.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 179.67 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.91 238.10 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 221.27 238.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 271.51 238.10 Td (if, ) Tj ET Q q 0 0 0 rg BT 282.59 238.10 Td (as ) Tj ET Q q 0 0 0 rg BT 293.38 238.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.29 238.10 Td (result ) Tj ET Q q 0 0 0 rg BT 324.97 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.77 238.10 Td (such ) Tj ET Q q 0 0 0 rg BT 356.57 238.10 Td (investment, ) Tj ET Q q 0 0 0 rg BT 405.42 238.10 Td (more ) Tj ET Q q 0 0 0 rg BT 428.43 238.10 Td (than ) Tj ET Q q 0 0 0 rg BT 448.12 238.10 Td (15% ) Tj ET Q q 0 0 0 rg BT 468.91 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.71 238.10 Td (its ) Tj ET Q q 0 0 0 rg BT 491.63 238.10 Td (net ) Tj ET Q q 0 0 0 rg BT 506.31 238.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 532.11 238.10 Td (would ) Tj ET Q q 0 0 0 rg BT 559.58 238.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 226.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 115.06 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.58 226.10 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 157.21 226.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 209.61 226.10 Td (An ) Tj ET Q q 0 0 0 rg BT 224.57 226.10 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 256.20 226.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 302.82 226.10 Td (is ) Tj ET Q q 0 0 0 rg BT 312.22 226.10 Td (any ) Tj ET Q q 0 0 0 rg BT 329.40 226.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 376.02 226.10 Td (that ) Tj ET Q q 0 0 0 rg BT 393.75 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.70 226.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 432.00 226.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 478.05 226.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 510.78 226.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 540.17 226.10 Td (be ) Tj ET Q q 0 0 0 rg BT 552.34 226.10 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 88.89 214.10 Td (disposed ) Tj ET Q q 0 0 0 rg BT 125.44 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.33 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.67 214.10 Td (current ) Tj ET Q q 0 0 0 rg BT 174.54 214.10 Td (market ) Tj ET Q q 0 0 0 rg BT 203.86 214.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 247.08 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 256.41 214.10 Td (seven ) Tj ET Q q 0 0 0 rg BT 280.74 214.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 316.16 214.10 Td (days ) Tj ET Q q 0 0 0 rg BT 336.04 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 345.93 214.10 Td (less ) Tj ET Q q 0 0 0 rg BT 362.49 214.10 Td (without ) Tj ET Q q 0 0 0 rg BT 394.60 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.38 214.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 425.48 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 435.37 214.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 480.82 214.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 532.37 214.10 Td (changing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.72 202.10 Td (market ) Tj ET Q q 0 0 0 rg BT 123.98 202.10 Td (value ) Tj ET Q q 0 0 0 rg BT 148.14 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.97 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.68 202.10 Td (investment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 184.10 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 184.10 Td (The ) Tj ET Q q 0 0 0 rg BT 97.30 184.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 120.62 184.10 Td (invests, ) Tj ET Q q 0 0 0 rg BT 153.65 184.10 Td (under ) Tj ET Q q 0 0 0 rg BT 179.18 184.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 210.26 184.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 272.15 184.10 Td (at ) Tj ET Q q 0 0 0 rg BT 282.13 184.10 Td (least ) Tj ET Q q 0 0 0 rg BT 303.21 184.10 Td (80% ) Tj ET Q q 0 0 0 rg BT 324.29 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.38 184.10 Td (its ) Tj ET Q q 0 0 0 rg BT 347.58 184.10 Td (total ) Tj ET Q q 0 0 0 rg BT 368.11 184.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 394.19 184.10 Td (\(exclusive ) Tj ET Q q 0 0 0 rg BT 438.04 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.13 184.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 489.08 184.10 Td (held ) Tj ET Q q 0 0 0 rg BT 509.05 184.10 Td (from ) Tj ET Q q 0 0 0 rg BT 531.25 184.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 172.10 Td (lending\) ) Tj ET Q q 0 0 0 rg BT 114.83 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.10 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.82 172.10 Td (component ) Tj ET Q q 0 0 0 rg BT 186.75 172.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 227.02 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.85 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.56 172.10 Td (Index.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 154.10 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 154.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 105.86 154.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 136.06 154.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 197.07 154.10 Td (at ) Tj ET Q q 0 0 0 rg BT 206.16 154.10 Td (least ) Tj ET Q q 0 0 0 rg BT 226.36 154.10 Td (80% ) Tj ET Q q 0 0 0 rg BT 246.56 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.77 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.86 154.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 294.20 154.10 Td (s ) Tj ET Q q 0 0 0 rg BT 299.96 154.10 Td (net ) Tj ET Q q 0 0 0 rg BT 314.05 154.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 341.75 154.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 360.29 154.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 407.72 154.10 Td (for ) Tj ET Q q 0 0 0 rg BT 421.25 154.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 467.01 154.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 506.93 154.10 Td (will ) Tj ET Q q 0 0 0 rg BT 524.36 154.10 Td (be ) Tj ET Q q 0 0 0 rg BT 535.67 154.10 Td (invested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 89.28 142.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 129.54 142.10 Td (that ) Tj ET Q q 0 0 0 rg BT 147.04 142.10 Td (are ) Tj ET Q q 0 0 0 rg BT 161.74 142.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 189.23 142.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 235.05 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.33 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.04 142.10 Td (United ) Tj ET Q q 0 0 0 rg BT 289.76 142.10 Td (States.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 124.10 Td (If ) Tj ET Q q 0 0 0 rg BT 51.98 124.10 Td (a ) Tj ET Q q 0 0 0 rg BT 58.73 124.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 104.35 124.10 Td (limitation ) Tj ET Q q 0 0 0 rg BT 145.55 124.10 Td (is ) Tj ET Q q 0 0 0 rg BT 154.54 124.10 Td (adhered ) Tj ET Q q 0 0 0 rg BT 188.50 124.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.60 124.10 Td (at ) Tj ET Q q 0 0 0 rg BT 208.13 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.67 124.10 Td (time ) Tj ET Q q 0 0 0 rg BT 242.76 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.40 124.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 299.60 124.10 Td (or ) Tj ET Q q 0 0 0 rg BT 310.25 124.10 Td (contract, ) Tj ET Q q 0 0 0 rg BT 347.27 124.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.02 124.10 Td (later ) Tj ET Q q 0 0 0 rg BT 374.10 124.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 409.17 124.10 Td (or ) Tj ET Q q 0 0 0 rg BT 419.82 124.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 456.55 124.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.65 124.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 512.27 124.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 549.58 124.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 112.10 Td (any ) Tj ET Q q 0 0 0 rg BT 59.99 112.10 Td (change ) Tj ET Q q 0 0 0 rg BT 90.85 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.18 112.10 Td (value ) Tj ET Q q 0 0 0 rg BT 125.39 112.10 Td (or ) Tj ET Q q 0 0 0 rg BT 136.27 112.10 Td (total ) Tj ET Q q 0 0 0 rg BT 156.59 112.10 Td (or ) Tj ET Q q 0 0 0 rg BT 167.47 112.10 Td (net ) Tj ET Q q 0 0 0 rg BT 182.24 112.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 208.12 112.10 Td (will ) Tj ET Q q 0 0 0 rg BT 226.23 112.10 Td (not ) Tj ET Q q 0 0 0 rg BT 241.56 112.10 Td (result ) Tj ET Q q 0 0 0 rg BT 266.32 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 276.65 112.10 Td (a ) Tj ET Q q 0 0 0 rg BT 283.64 112.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 321.74 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.62 112.10 Td (such ) Tj ET Q q 0 0 0 rg BT 353.50 112.10 Td (restriction, ) Tj ET Q q 0 0 0 rg BT 399.10 112.10 Td (except ) Tj ET Q q 0 0 0 rg BT 427.74 112.10 Td (that ) Tj ET Q q 0 0 0 rg BT 445.29 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.05 112.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 505.90 112.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 551.23 112.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 100.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 73.82 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.09 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.81 100.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 142.97 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.80 100.10 Td (money ) Tj ET Q q 0 0 0 rg BT 183.52 100.10 Td (will ) Tj ET Q q 0 0 0 rg BT 201.57 100.10 Td (be ) Tj ET Q q 0 0 0 rg BT 213.51 100.10 Td (observed ) Tj ET Q q 0 0 0 rg BT 252.11 100.10 Td (continuously) Tj ET Q q 0 0 0 rg BT 303.13 100.10 Td (.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 742.25 Td (E) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.67 742.25 Td (XCHANGE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.67 742.25 Td ( L) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 104.84 742.25 Td (ISTING) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.35 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 138.30 742.25 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 145.52 742.25 Td (ND) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.52 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 160.84 742.25 Td (T) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 167.51 742.25 Td (RADING) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 724.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 72.16 724.25 Td (are ) Tj ET Q q 0 0 0 rg BT 86.87 724.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 111.03 724.25 Td (for ) Tj ET Q q 0 0 0 rg BT 125.19 724.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 156.02 724.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.96 724.25 Td (trade ) Tj ET Q q 0 0 0 rg BT 195.44 724.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 241.83 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.54 724.25 Td (day ) Tj ET Q q 0 0 0 rg BT 273.48 724.25 Td (on ) Tj ET Q q 0 0 0 rg BT 285.98 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.70 724.25 Td (Exchange.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.25 Td (There ) Tj ET Q q 0 0 0 rg BT 68.77 706.25 Td (can ) Tj ET Q q 0 0 0 rg BT 85.10 706.25 Td (be ) Tj ET Q q 0 0 0 rg BT 96.99 706.25 Td (no ) Tj ET Q q 0 0 0 rg BT 109.44 706.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 150.76 706.25 Td (that ) Tj ET Q q 0 0 0 rg BT 168.21 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.88 706.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 205.89 706.25 Td (will ) Tj ET Q q 0 0 0 rg BT 223.90 706.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 260.79 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 271.02 706.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 292.91 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.57 706.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 362.23 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.01 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.68 706.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 429.56 706.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 470.88 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 481.11 706.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 518.55 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.22 706.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 560.68 706.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.25 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 74.66 694.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.90 694.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 135.01 694.25 Td (will ) Tj ET Q q 0 0 0 rg BT 153.26 694.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 189.83 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.74 694.25 Td (suspension ) Tj ET Q q 0 0 0 rg BT 251.32 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.34 694.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 293.36 694.25 Td (in, ) Tj ET Q q 0 0 0 rg BT 306.33 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.46 694.25 Td (will ) Tj ET Q q 0 0 0 rg BT 341.71 694.25 Td (initiate ) Tj ET Q q 0 0 0 rg BT 372.17 694.25 Td (delisting ) Tj ET Q q 0 0 0 rg BT 409.31 694.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 460.31 694.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 473.83 694.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 503.19 694.25 Td (under ) Tj ET Q q 0 0 0 rg BT 528.65 694.25 Td (any ) Tj ET Q q 0 0 0 rg BT 545.78 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 556.80 694.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.25 Td (following ) Tj ET Q q 0 0 0 rg BT 84.94 682.25 Td (circumstances: ) Tj ET Q q 0 0 0 rg BT 147.42 682.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 159.92 682.25 Td (if ) Tj ET Q q 0 0 0 rg BT 169.08 682.25 Td (any ) Tj ET Q q 0 0 0 rg BT 186.58 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.97 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.24 682.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 268.50 682.25 Td (set ) Tj ET Q q 0 0 0 rg BT 282.67 682.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 305.17 682.25 Td (in ) Tj ET Q q 0 0 0 rg BT 316.00 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.28 682.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 373.76 682.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 396.26 682.25 Td (are ) Tj ET Q q 0 0 0 rg BT 411.52 682.25 Td (not ) Tj ET Q q 0 0 0 rg BT 427.36 682.25 Td (continuously ) Tj ET Q q 0 0 0 rg BT 482.08 682.25 Td (maintained; ) Tj ET Q q 0 0 0 rg BT 532.35 682.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 547.62 682.25 Td (if ) Tj ET Q q 0 0 0 rg BT 556.79 682.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 84.51 670.25 Td (files ) Tj ET Q q 0 0 0 rg BT 103.80 670.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 138.64 670.25 Td (proposals ) Tj ET Q q 0 0 0 rg BT 179.05 670.25 Td (under ) Tj ET Q q 0 0 0 rg BT 203.90 670.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 235.98 670.25 Td (19\(b\) ) Tj ET Q q 0 0 0 rg BT 259.72 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.13 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.43 670.25 Td (1940 ) Tj ET Q q 0 0 0 rg BT 306.05 670.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 322.57 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.09 670.25 Td (any ) Tj ET Q q 0 0 0 rg BT 355.61 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.02 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.32 670.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 424.61 670.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 465.01 670.25 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 478.19 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.49 670.25 Td (index ) Tj ET Q q 0 0 0 rg BT 516.79 670.25 Td (composition; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 658.25 Td (\(b\)the ) Tj ET Q q 0 0 0 rg BT 71.61 658.25 Td (description ) Tj ET Q q 0 0 0 rg BT 118.29 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.85 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.31 658.25 Td (Fund; ) Tj ET Q q 0 0 0 rg BT 168.89 658.25 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 182.22 658.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 227.24 658.25 Td (on ) Tj ET Q q 0 0 0 rg BT 239.48 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.93 658.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 277.27 658.25 Td (s ) Tj ET Q q 0 0 0 rg BT 283.40 658.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 320.63 658.25 Td (holdings ) Tj ET Q q 0 0 0 rg BT 357.32 658.25 Td (or ) Tj ET Q q 0 0 0 rg BT 367.89 658.25 Td (reference ) Tj ET Q q 0 0 0 rg BT 407.31 658.25 Td (assets; ) Tj ET Q q 0 0 0 rg BT 435.65 658.25 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 449.55 658.25 Td (dissemination ) Tj ET Q q 0 0 0 rg BT 507.34 658.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.02 658.25 Td (availability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 54.32 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 69.53 646.25 Td (index ) Tj ET Q q 0 0 0 rg BT 94.74 646.25 Td (or ) Tj ET Q q 0 0 0 rg BT 106.06 646.25 Td (intraday ) Tj ET Q q 0 0 0 rg BT 141.82 646.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 184.24 646.25 Td (values; ) Tj ET Q q 0 0 0 rg BT 215.56 646.25 Td (or ) Tj ET Q q 0 0 0 rg BT 226.88 646.25 Td (\(e\) ) Tj ET Q q 0 0 0 rg BT 240.97 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.18 646.25 Td (applicability ) Tj ET Q q 0 0 0 rg BT 309.16 646.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.48 646.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.69 646.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 378.10 646.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 406.10 646.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 428.53 646.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 467.62 646.25 Td (in ) Tj ET Q q 0 0 0 rg BT 478.39 646.25 Td (such ) Tj ET Q q 0 0 0 rg BT 499.71 646.25 Td (proposals ) Tj ET Q q 0 0 0 rg BT 541.03 646.25 Td (are ) Tj ET Q q 0 0 0 rg BT 556.23 646.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 634.25 Td (continuously ) Tj ET Q q 0 0 0 rg BT 97.12 634.25 Td (maintained; ) Tj ET Q q 0 0 0 rg BT 146.78 634.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 164.23 634.25 Td (if ) Tj ET Q q 0 0 0 rg BT 172.80 634.25 Td (following ) Tj ET Q q 0 0 0 rg BT 214.14 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.81 634.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 254.59 634.25 Td (12-month ) Tj ET Q q 0 0 0 rg BT 295.94 634.25 Td (period ) Tj ET Q q 0 0 0 rg BT 323.94 634.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 366.39 634.25 Td (at ) Tj ET Q q 0 0 0 rg BT 376.06 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.73 634.25 Td (commencement ) Tj ET Q q 0 0 0 rg BT 456.49 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.28 634.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 498.06 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.84 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.52 634.25 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 549.03 634.25 Td (there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 622.25 Td (are ) Tj ET Q q 0 0 0 rg BT 57.45 622.25 Td (fewer ) Tj ET Q q 0 0 0 rg BT 82.46 622.25 Td (than ) Tj ET Q q 0 0 0 rg BT 101.93 622.25 Td (50 ) Tj ET Q q 0 0 0 rg BT 114.17 622.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 155.84 622.25 Td (owners ) Tj ET Q q 0 0 0 rg BT 186.97 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.55 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.01 622.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 240.92 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 251.50 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.96 622.25 Td (Fund; ) Tj ET Q q 0 0 0 rg BT 291.55 622.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 308.23 622.25 Td (if ) Tj ET Q q 0 0 0 rg BT 316.59 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.05 622.25 Td (value ) Tj ET Q q 0 0 0 rg BT 354.96 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.53 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.00 622.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 403.34 622.25 Td (s ) Tj ET Q q 0 0 0 rg BT 409.48 622.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 455.05 622.25 Td (index ) Tj ET Q q 0 0 0 rg BT 479.52 622.25 Td (is ) Tj ET Q q 0 0 0 rg BT 488.43 622.25 Td (no ) Tj ET Q q 0 0 0 rg BT 500.68 622.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 528.47 622.25 Td (calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 610.25 Td (or ) Tj ET Q q 0 0 0 rg BT 53.18 610.25 Td (available ) Tj ET Q q 0 0 0 rg BT 91.11 610.25 Td (or ) Tj ET Q q 0 0 0 rg BT 101.29 610.25 Td (an ) Tj ET Q q 0 0 0 rg BT 112.57 610.25 Td (interruption ) Tj ET Q q 0 0 0 rg BT 161.63 610.25 Td (to ) Tj ET Q q 0 0 0 rg BT 171.25 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.31 610.25 Td (dissemination ) Tj ET Q q 0 0 0 rg BT 242.71 610.25 Td (persists ) Tj ET Q q 0 0 0 rg BT 274.56 610.25 Td (past ) Tj ET Q q 0 0 0 rg BT 292.51 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.57 610.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 336.75 610.25 Td (day ) Tj ET Q q 0 0 0 rg BT 353.03 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 362.65 610.25 Td (which ) Tj ET Q q 0 0 0 rg BT 388.94 610.25 Td (it ) Tj ET Q q 0 0 0 rg BT 396.34 610.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 433.16 610.25 Td (or ) Tj ET Q q 0 0 0 rg BT 443.34 610.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.40 610.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 502.57 610.25 Td (index ) Tj ET Q q 0 0 0 rg BT 526.63 610.25 Td (is ) Tj ET Q q 0 0 0 rg BT 535.15 610.25 Td (replaced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 598.25 Td (with ) Tj ET Q q 0 0 0 rg BT 63.66 598.25 Td (a ) Tj ET Q q 0 0 0 rg BT 70.97 598.25 Td (new ) Tj ET Q q 0 0 0 rg BT 90.51 598.25 Td (index, ) Tj ET Q q 0 0 0 rg BT 118.11 598.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 145.99 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.08 598.25 Td (new ) Tj ET Q q 0 0 0 rg BT 180.62 598.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 226.82 598.25 Td (index ) Tj ET Q q 0 0 0 rg BT 251.92 598.25 Td (meets ) Tj ET Q q 0 0 0 rg BT 278.12 598.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 308.20 598.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 350.50 598.25 Td (requirements; ) Tj ET Q q 0 0 0 rg BT 408.36 598.25 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 422.90 598.25 Td (if ) Tj ET Q q 0 0 0 rg BT 431.89 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.98 598.25 Td (intraday ) Tj ET Q q 0 0 0 rg BT 482.63 598.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 524.93 598.25 Td (value ) Tj ET Q q 0 0 0 rg BT 549.47 598.25 Td (is ) Tj ET Q q 0 0 0 rg BT 559.02 598.25 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 586.25 Td (longer ) Tj ET Q q 0 0 0 rg BT 70.77 586.25 Td (disseminated ) Tj ET Q q 0 0 0 rg BT 125.21 586.25 Td (at ) Tj ET Q q 0 0 0 rg BT 134.65 586.25 Td (least ) Tj ET Q q 0 0 0 rg BT 155.20 586.25 Td (every ) Tj ET Q q 0 0 0 rg BT 179.63 586.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 191.85 586.25 Td (seconds ) Tj ET Q q 0 0 0 rg BT 225.74 586.25 Td (during ) Tj ET Q q 0 0 0 rg BT 254.07 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.51 586.25 Td (Exchange) Tj ET Q q 0 0 0 rg BT 310.71 586.25 Td (s ) Tj ET Q q 0 0 0 rg BT 316.83 586.25 Td (regular ) Tj ET Q q 0 0 0 rg BT 347.37 586.25 Td (market ) Tj ET Q q 0 0 0 rg BT 377.36 586.25 Td (session ) Tj ET Q q 0 0 0 rg BT 408.47 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 425.13 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.57 586.25 Td (interruption ) Tj ET Q q 0 0 0 rg BT 489.01 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 499.01 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.45 586.25 Td (dissemination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 574.25 Td (persists ) Tj ET Q q 0 0 0 rg BT 75.70 574.25 Td (past ) Tj ET Q q 0 0 0 rg BT 94.50 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.42 574.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 140.44 574.25 Td (day ) Tj ET Q q 0 0 0 rg BT 157.58 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 168.05 574.25 Td (which ) Tj ET Q q 0 0 0 rg BT 195.19 574.25 Td (it ) Tj ET Q q 0 0 0 rg BT 203.44 574.25 Td (occurred; ) Tj ET Q q 0 0 0 rg BT 243.90 574.25 Td (or ) Tj ET Q q 0 0 0 rg BT 254.92 574.25 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 272.06 574.25 Td (such ) Tj ET Q q 0 0 0 rg BT 293.09 574.25 Td (other ) Tj ET Q q 0 0 0 rg BT 316.33 574.25 Td (event ) Tj ET Q q 0 0 0 rg BT 340.69 574.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 362.27 574.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 387.17 574.25 Td (or ) Tj ET Q q 0 0 0 rg BT 398.20 574.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 438.67 574.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 460.26 574.25 Td (exist ) Tj ET Q q 0 0 0 rg BT 481.84 574.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 502.04 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 512.51 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.43 574.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 560.68 574.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 57.54 562.25 Td (Exchange, ) Tj ET Q q 0 0 0 rg BT 101.80 562.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 129.67 562.25 Td (further ) Tj ET Q q 0 0 0 rg BT 159.21 562.25 Td (dealings ) Tj ET Q q 0 0 0 rg BT 194.86 562.25 Td (on ) Tj ET Q q 0 0 0 rg BT 207.19 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.73 562.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 263.49 562.25 Td (inadvisable. ) Tj ET Q q 0 0 0 rg BT 313.69 562.25 Td (The ) Tj ET Q q 0 0 0 rg BT 331.56 562.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 373.31 562.25 Td (will ) Tj ET Q q 0 0 0 rg BT 391.20 562.25 Td (remove ) Tj ET Q q 0 0 0 rg BT 423.51 562.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 452.50 562.25 Td (from ) Tj ET Q q 0 0 0 rg BT 474.27 562.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 501.60 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.37 562.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 549.02 562.25 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 550.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 91.60 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.43 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.15 550.25 Td (Fund.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 532.25 Td (The ) Tj ET Q q 0 0 0 rg BT 60.71 532.25 Td (T) Tj ET Q q 0 0 0 rg BT 66.47 532.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 83.81 532.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 118.90 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.46 532.25 Td (right ) Tj ET Q q 0 0 0 rg BT 154.68 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 164.79 532.25 Td (adjust ) Tj ET Q q 0 0 0 rg BT 191.02 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.57 532.25 Td (price ) Tj ET Q q 0 0 0 rg BT 227.89 532.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 253.55 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.22 532.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 293.22 532.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.33 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.88 532.25 Td (future ) Tj ET Q q 0 0 0 rg BT 344.10 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.21 532.25 Td (help ) Tj ET Q q 0 0 0 rg BT 373.77 532.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 411.09 532.25 Td (convenient ) Tj ET Q q 0 0 0 rg BT 457.30 532.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 487.96 532.25 Td (ranges ) Tj ET Q q 0 0 0 rg BT 516.40 532.25 Td (for ) Tj ET Q q 0 0 0 rg BT 530.39 532.25 Td (investors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 520.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 62.57 520.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 112.70 520.25 Td (would ) Tj ET Q q 0 0 0 rg BT 140.05 520.25 Td (be ) Tj ET Q q 0 0 0 rg BT 151.83 520.25 Td (accomplished ) Tj ET Q q 0 0 0 rg BT 209.16 520.25 Td (through ) Tj ET Q q 0 0 0 rg BT 242.62 520.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 266.08 520.25 Td (splits ) Tj ET Q q 0 0 0 rg BT 289.55 520.25 Td (or ) Tj ET Q q 0 0 0 rg BT 300.23 520.25 Td (reverse ) Tj ET Q q 0 0 0 rg BT 331.45 520.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 354.91 520.25 Td (splits, ) Tj ET Q q 0 0 0 rg BT 380.87 520.25 Td (which ) Tj ET Q q 0 0 0 rg BT 407.66 520.25 Td (would ) Tj ET Q q 0 0 0 rg BT 435.01 520.25 Td (have ) Tj ET Q q 0 0 0 rg BT 456.24 520.25 Td (no ) Tj ET Q q 0 0 0 rg BT 468.59 520.25 Td (ef) Tj ET Q q 0 0 0 rg BT 476.18 520.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 493.51 520.25 Td (on ) Tj ET Q q 0 0 0 rg BT 505.86 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.43 520.25 Td (net ) Tj ET Q q 0 0 0 rg BT 535.00 520.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 560.68 520.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 57.72 508.25 Td (Fund.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 490.25 Td (T) Tj ET Q q 0 0 0 rg BT 48.41 490.25 Td (o ) Tj ET Q q 0 0 0 rg BT 57.00 490.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 91.14 490.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 134.72 490.25 Td (information ) Tj ET Q q 0 0 0 rg BT 185.52 490.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 227.43 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.23 490.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 286.25 490.25 Td (value ) Tj ET Q q 0 0 0 rg BT 311.50 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.42 490.25 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 356.17 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.98 490.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 414.99 490.25 Td (or ) Tj ET Q q 0 0 0 rg BT 426.91 490.25 Td (a ) Tj ET Q q 0 0 0 rg BT 434.94 490.25 Td (market ) Tj ET Q q 0 0 0 rg BT 466.29 490.25 Td (data ) Tj ET Q q 0 0 0 rg BT 486.54 490.25 Td (vendor ) Tj ET Q q 0 0 0 rg BT 517.90 490.25 Td (disseminates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 478.25 Td (information ) Tj ET Q q 0 0 0 rg BT 93.15 478.25 Td (every ) Tj ET Q q 0 0 0 rg BT 118.29 478.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 131.23 478.25 Td (seconds ) Tj ET Q q 0 0 0 rg BT 165.82 478.25 Td (through ) Tj ET Q q 0 0 0 rg BT 199.87 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 215.02 478.25 Td (facilities ) Tj ET Q q 0 0 0 rg BT 252.39 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.65 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.80 478.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 334.30 478.25 Td (T) Tj ET Q q 0 0 0 rg BT 339.71 478.25 Td (ape ) Tj ET Q q 0 0 0 rg BT 355.88 478.25 Td (Association, ) Tj ET Q q 0 0 0 rg BT 408.53 478.25 Td (or ) Tj ET Q q 0 0 0 rg BT 419.80 478.25 Td (other ) Tj ET Q q 0 0 0 rg BT 443.28 478.25 Td (widely ) Tj ET Q q 0 0 0 rg BT 473.43 478.25 Td (disseminated ) Tj ET Q q 0 0 0 rg BT 528.58 478.25 Td (means, ) Tj ET Q q 0 0 0 rg BT 559.56 478.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 466.25 Td (updated ) Tj ET Q q 0 0 0 rg BT 77.29 466.25 Td (intraday ) Tj ET Q q 0 0 0 rg BT 117.12 466.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 159.18 466.25 Td (value ) Tj ET Q q 0 0 0 rg BT 187.91 466.25 Td (\(IIV\) ) Tj ET Q q 0 0 0 rg BT 219.96 466.25 Td (for ) Tj ET Q q 0 0 0 rg BT 234.25 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.10 466.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 272.29 466.25 Td (as ) Tj ET Q q 0 0 0 rg BT 283.25 466.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 326.41 466.25 Td (by ) Tj ET Q q 0 0 0 rg BT 339.04 466.25 Td (an ) Tj ET Q q 0 0 0 rg BT 351.12 466.25 Td (information ) Tj ET Q q 0 0 0 rg BT 400.96 466.25 Td (provider ) Tj ET Q q 0 0 0 rg BT 437.47 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 448.43 466.25 Td (market ) Tj ET Q q 0 0 0 rg BT 478.83 466.25 Td (data ) Tj ET Q q 0 0 0 rg BT 498.11 466.25 Td (vendor) Tj ET Q q 0 0 0 rg BT 525.33 466.25 Td (. ) Tj ET Q q 0 0 0 rg BT 530.27 466.25 Td (The ) Tj ET Q q 0 0 0 rg BT 548.26 466.25 Td (T) Tj ET Q q 0 0 0 rg BT 554.02 466.25 Td (rust ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 454.25 Td (is ) Tj ET Q q 0 0 0 rg BT 51.57 454.25 Td (not ) Tj ET Q q 0 0 0 rg BT 66.24 454.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 103.13 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.81 454.25 Td (or ) Tj ET Q q 0 0 0 rg BT 123.03 454.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 170.47 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 184.03 454.25 Td (any ) Tj ET Q q 0 0 0 rg BT 200.37 454.25 Td (aspect ) Tj ET Q q 0 0 0 rg BT 227.25 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.47 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.59 454.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 297.35 454.25 Td (or ) Tj ET Q q 0 0 0 rg BT 307.57 454.25 Td (dissemination ) Tj ET Q q 0 0 0 rg BT 365.02 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.25 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.36 454.25 Td (IIVs ) Tj ET Q q 0 0 0 rg BT 409.03 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 425.37 454.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 452.81 454.25 Td (no ) Tj ET Q q 0 0 0 rg BT 464.70 454.25 Td (representation ) Tj ET Q q 0 0 0 rg BT 523.24 454.25 Td (or ) Tj ET Q q 0 0 0 rg BT 533.47 454.25 Td (warranty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 442.25 Td (as ) Tj ET Q q 0 0 0 rg BT 53.83 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 64.11 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.83 442.25 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 116.85 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.68 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.39 442.25 Td (IIVs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 424.25 Td (M) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.44 424.25 Td (ANAGEMENT) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.94 424.25 Td ( O) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 122.22 424.25 Td (F) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.72 424.25 Td ( ) Tj ET Q q 0 0 0 rg BT 130.04 424.25 Td (T) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.71 424.25 Td (HE ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.96 424.25 Td (T) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 158.63 424.25 Td (RUST) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 406.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 72.13 406.25 Td (Responsibilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.78 406.25 Td (The ) Tj ET Q q 0 0 0 rg BT 161.79 406.25 Td (management ) Tj ET Q q 0 0 0 rg BT 215.34 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 232.24 406.25 Td (af) Tj ET Q q 0 0 0 rg BT 239.83 406.25 Td (fairs ) Tj ET Q q 0 0 0 rg BT 260.06 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.85 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.36 406.25 Td (T) Tj ET Q q 0 0 0 rg BT 291.11 406.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 308.58 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.48 406.25 Td (its ) Tj ET Q q 0 0 0 rg BT 337.39 406.25 Td (series ) Tj ET Q q 0 0 0 rg BT 362.62 406.25 Td (are ) Tj ET Q q 0 0 0 rg BT 377.29 406.25 Td (overseen ) Tj ET Q q 0 0 0 rg BT 415.29 406.25 Td (by ) Tj ET Q q 0 0 0 rg BT 427.76 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.44 406.25 Td (Board, ) Tj ET Q q 0 0 0 rg BT 471.84 406.25 Td (which ) Tj ET Q q 0 0 0 rg BT 498.74 406.25 Td (elects ) Tj ET Q q 0 0 0 rg BT 523.97 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 538.65 406.25 Td (of) Tj ET Q q 0 0 0 rg BT 546.80 406.25 Td (ficers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 54.58 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 69.82 394.25 Td (T) Tj ET Q q 0 0 0 rg BT 75.57 394.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 93.82 394.25 Td (who ) Tj ET Q q 0 0 0 rg BT 114.30 394.25 Td (are ) Tj ET Q q 0 0 0 rg BT 129.76 394.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 178.56 394.25 Td (for ) Tj ET Q q 0 0 0 rg BT 193.47 394.25 Td (administering ) Tj ET Q q 0 0 0 rg BT 251.71 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.18 394.25 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 313.75 394.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 358.65 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.24 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.47 394.25 Td (T) Tj ET Q q 0 0 0 rg BT 391.23 394.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 409.48 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.17 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.64 394.25 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 468.72 394.25 Td (The ) Tj ET Q q 0 0 0 rg BT 487.52 394.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 515.21 394.25 Td (has ) Tj ET Q q 0 0 0 rg BT 531.79 394.25 Td (approved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 382.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 84.09 382.25 Td (as ) Tj ET Q q 0 0 0 rg BT 94.92 382.25 Td (described ) Tj ET Q q 0 0 0 rg BT 135.74 382.25 Td (below) Tj ET Q q 0 0 0 rg BT 159.53 382.25 Td (, ) Tj ET Q q 0 0 0 rg BT 164.53 382.25 Td (under ) Tj ET Q q 0 0 0 rg BT 189.80 382.25 Td (which ) Tj ET Q q 0 0 0 rg BT 216.74 382.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 246.44 382.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 291.70 382.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 324.75 382.25 Td (essential ) Tj ET Q q 0 0 0 rg BT 361.68 382.25 Td (services ) Tj ET Q q 0 0 0 rg BT 396.39 382.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.67 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.20 382.25 Td (T) Tj ET Q q 0 0 0 rg BT 426.96 382.25 Td (rust. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 364.25 Td (The ) Tj ET Q q 0 0 0 rg BT 61.40 364.25 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 107.57 364.25 Td (business ) Tj ET Q q 0 0 0 rg BT 144.31 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.50 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.36 364.25 Td (T) Tj ET Q q 0 0 0 rg BT 176.12 364.25 Td (rust, ) Tj ET Q q 0 0 0 rg BT 196.47 364.25 Td (including ) Tj ET Q q 0 0 0 rg BT 237.10 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.17 364.25 Td (management ) Tj ET Q q 0 0 0 rg BT 306.11 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.29 364.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 337.64 364.25 Td (is ) Tj ET Q q 0 0 0 rg BT 347.17 364.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 391.67 364.25 Td (by ) Tj ET Q q 0 0 0 rg BT 404.52 364.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 450.13 364.25 Td (service ) Tj ET Q q 0 0 0 rg BT 481.30 364.25 Td (providers, ) Tj ET Q q 0 0 0 rg BT 524.42 364.25 Td (such ) Tj ET Q q 0 0 0 rg BT 545.61 364.25 Td (as ) Tj ET Q q 0 0 0 rg BT 556.79 364.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 352.25 Td (Adviser) Tj ET Q q 0 0 0 rg BT 74.26 352.25 Td (, ) Tj ET Q q 0 0 0 rg BT 78.78 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.02 352.25 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 143.18 352.25 Td (, ) Tj ET Q q 0 0 0 rg BT 147.70 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.94 352.25 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 207.85 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.31 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.11 352.25 Td (Administrator) Tj ET Q q 0 0 0 rg BT 293.66 352.25 Td (. ) Tj ET Q q 0 0 0 rg BT 298.04 352.25 Td (The ) Tj ET Q q 0 0 0 rg BT 315.61 352.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 342.07 352.25 Td (is ) Tj ET Q q 0 0 0 rg BT 350.76 352.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 398.33 352.25 Td (for ) Tj ET Q q 0 0 0 rg BT 412.02 352.25 Td (overseeing ) Tj ET Q q 0 0 0 rg BT 457.36 352.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.45 352.25 Td (T) Tj ET Q q 0 0 0 rg BT 477.21 352.25 Td (rust) Tj ET Q q 0 0 0 rg BT 494.99 352.25 Td (s ) Tj ET Q q 0 0 0 rg BT 500.90 352.25 Td (service ) Tj ET Q q 0 0 0 rg BT 531.24 352.25 Td (providers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 340.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 61.85 340.25 Td (thus, ) Tj ET Q q 0 0 0 rg BT 82.93 340.25 Td (has ) Tj ET Q q 0 0 0 rg BT 98.18 340.25 Td (oversight ) Tj ET Q q 0 0 0 rg BT 137.31 340.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 193.66 340.25 Td (with ) Tj ET Q q 0 0 0 rg BT 213.36 340.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 243.58 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.28 340.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 270.19 340.25 Td (management ) Tj ET Q q 0 0 0 rg BT 323.19 340.25 Td (performed ) Tj ET Q q 0 0 0 rg BT 366.75 340.25 Td (by ) Tj ET Q q 0 0 0 rg BT 378.66 340.25 Td (those ) Tj ET Q q 0 0 0 rg BT 401.68 340.25 Td (service ) Tj ET Q q 0 0 0 rg BT 431.91 340.25 Td (providers. ) Tj ET Q q 0 0 0 rg BT 474.09 340.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 494.35 340.25 Td (management ) Tj ET Q q 0 0 0 rg BT 547.35 340.25 Td (seeks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 54.60 328.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 89.52 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.78 328.25 Td (address ) Tj ET Q q 0 0 0 rg BT 141.59 328.25 Td (risks, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 166.81 328.25 Td (i.e.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.02 328.25 Td (,events ) Tj ET Q q 0 0 0 rg BT 213.39 328.25 Td (or ) Tj ET Q q 0 0 0 rg BT 225.54 328.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 286.00 328.25 Td (that ) Tj ET Q q 0 0 0 rg BT 304.82 328.25 Td (could ) Tj ET Q q 0 0 0 rg BT 330.86 328.25 Td (have ) Tj ET Q q 0 0 0 rg BT 353.55 328.25 Td (material ) Tj ET Q q 0 0 0 rg BT 390.13 328.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 424.49 328.25 Td (ef) Tj ET Q q 0 0 0 rg BT 432.08 328.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 454.78 328.25 Td (on ) Tj ET Q q 0 0 0 rg BT 468.60 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.64 328.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 524.85 328.25 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 316.25 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 93.06 316.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 131.18 316.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 178.47 316.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 232.41 316.25 Td (or ) Tj ET Q q 0 0 0 rg BT 244.15 316.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 288.10 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.84 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.47 316.25 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 341.70 316.25 Td (The ) Tj ET Q q 0 0 0 rg BT 360.66 316.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 384.63 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.48 316.25 Td (its ) Tj ET Q q 0 0 0 rg BT 415.34 316.25 Td (service ) Tj ET Q q 0 0 0 rg BT 447.07 316.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 488.25 316.25 Td (employ ) Tj ET Q q 0 0 0 rg BT 521.66 316.25 Td (a ) Tj ET Q q 0 0 0 rg BT 529.51 316.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 560.69 316.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 304.25 Td (processes, ) Tj ET Q q 0 0 0 rg BT 86.94 304.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 133.93 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.48 304.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 186.82 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.72 304.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 231.94 304.25 Td (various ) Tj ET Q q 0 0 0 rg BT 264.50 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.95 304.25 Td (those ) Tj ET Q q 0 0 0 rg BT 300.17 304.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 336.07 304.25 Td (events ) Tj ET Q q 0 0 0 rg BT 364.74 304.25 Td (or ) Tj ET Q q 0 0 0 rg BT 376.19 304.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 438.45 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 449.34 304.25 Td (lessen ) Tj ET Q q 0 0 0 rg BT 476.90 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.24 304.25 Td (probability ) Tj ET Q q 0 0 0 rg BT 539.24 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.69 304.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 292.25 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 89.69 292.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 118.07 292.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.68 292.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 164.28 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.33 292.25 Td (ef) Tj ET Q q 0 0 0 rg BT 186.92 292.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 208.63 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.79 292.25 Td (such ) Tj ET Q q 0 0 0 rg BT 240.96 292.25 Td (events ) Tj ET Q q 0 0 0 rg BT 269.34 292.25 Td (or ) Tj ET Q q 0 0 0 rg BT 280.50 292.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 339.97 292.25 Td (if ) Tj ET Q q 0 0 0 rg BT 348.92 292.25 Td (they ) Tj ET Q q 0 0 0 rg BT 368.97 292.25 Td (do ) Tj ET Q q 0 0 0 rg BT 381.80 292.25 Td (occur) Tj ET Q q 0 0 0 rg BT 403.46 292.25 Td (. ) Tj ET Q q 0 0 0 rg BT 408.79 292.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 431.61 292.25 Td (service ) Tj ET Q q 0 0 0 rg BT 462.76 292.25 Td (provider ) Tj ET Q q 0 0 0 rg BT 499.47 292.25 Td (is ) Tj ET Q q 0 0 0 rg BT 508.97 292.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 557.35 292.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 280.25 Td (one ) Tj ET Q q 0 0 0 rg BT 59.42 280.25 Td (or ) Tj ET Q q 0 0 0 rg BT 69.74 280.25 Td (more ) Tj ET Q q 0 0 0 rg BT 92.27 280.25 Td (discrete ) Tj ET Q q 0 0 0 rg BT 125.34 280.25 Td (aspects ) Tj ET Q q 0 0 0 rg BT 156.21 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.52 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.58 280.25 Td (T) Tj ET Q q 0 0 0 rg BT 186.33 280.25 Td (rust) Tj ET Q q 0 0 0 rg BT 204.11 280.25 Td (s ) Tj ET Q q 0 0 0 rg BT 209.99 280.25 Td (business ) Tj ET Q q 0 0 0 rg BT 245.86 280.25 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 249.19 280.25 Td (e.g.,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.13 280.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.12 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.32 280.25 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 334.85 280.25 Td (is ) Tj ET Q q 0 0 0 rg BT 343.51 280.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 391.04 280.25 Td (for ) Tj ET Q q 0 0 0 rg BT 404.68 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.88 280.25 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 464.18 280.25 Td (management ) Tj ET Q q 0 0 0 rg BT 517.25 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.57 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.77 280.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 565.11 280.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 268.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 81.27 268.25 Td (investments\) ) Tj ET Q q 0 0 0 rg BT 135.64 268.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 155.85 268.25 Td (consequently) Tj ET Q q 0 0 0 rg BT 207.97 268.25 Td (, ) Tj ET Q q 0 0 0 rg BT 213.74 268.25 Td (for ) Tj ET Q q 0 0 0 rg BT 228.67 268.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 271.37 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.86 268.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 309.03 268.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 353.39 268.25 Td (with ) Tj ET Q q 0 0 0 rg BT 374.44 268.25 Td (that ) Tj ET Q q 0 0 0 rg BT 392.71 268.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 432.13 268.25 Td (The ) Tj ET Q q 0 0 0 rg BT 450.95 268.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 478.66 268.25 Td (has ) Tj ET Q q 0 0 0 rg BT 495.26 268.25 Td (emphasized ) Tj ET Q q 0 0 0 rg BT 545.74 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 556.79 268.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 256.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 66.34 256.25 Td (s ) Tj ET Q q 0 0 0 rg BT 72.73 256.25 Td (service ) Tj ET Q q 0 0 0 rg BT 103.55 256.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 143.82 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.53 256.25 Td (importance ) Tj ET Q q 0 0 0 rg BT 206.01 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.84 256.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 267.11 256.25 Td (vigorous ) Tj ET Q q 0 0 0 rg BT 304.61 256.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 322.11 256.25 Td (management. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 238.25 Td (The ) Tj ET Q q 0 0 0 rg BT 60.35 238.25 Td (Board) Tj ET Q q 0 0 0 rg BT 87.57 238.25 Td (s ) Tj ET Q q 0 0 0 rg BT 93.27 238.25 Td (role ) Tj ET Q q 0 0 0 rg BT 110.62 238.25 Td (in ) Tj ET Q q 0 0 0 rg BT 120.21 238.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 137.01 238.25 Td (oversight ) Tj ET Q q 0 0 0 rg BT 176.04 238.25 Td (begins ) Tj ET Q q 0 0 0 rg BT 203.95 238.25 Td (before ) Tj ET Q q 0 0 0 rg BT 231.30 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.32 238.25 Td (inception ) Tj ET Q q 0 0 0 rg BT 284.34 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.47 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.50 238.25 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 333.37 238.25 Td (at ) Tj ET Q q 0 0 0 rg BT 342.39 238.25 Td (which ) Tj ET Q q 0 0 0 rg BT 368.63 238.25 Td (time ) Tj ET Q q 0 0 0 rg BT 388.21 238.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 417.22 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 427.36 238.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.38 238.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 464.72 238.25 Td (s ) Tj ET Q q 0 0 0 rg BT 470.42 238.25 Td (service ) Tj ET Q q 0 0 0 rg BT 500.54 238.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 540.12 238.25 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 58.09 226.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 85.40 226.25 Td (with ) Tj ET Q q 0 0 0 rg BT 106.05 226.25 Td (information ) Tj ET Q q 0 0 0 rg BT 156.13 226.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 203.42 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.51 226.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 265.27 226.25 Td (objectives, ) Tj ET Q q 0 0 0 rg BT 311.18 226.25 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 354.31 226.25 Td (and ) Tj ET Q q 0 0 0 rg BT 371.62 226.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 393.39 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.59 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.67 226.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 443.11 226.25 Td (as ) Tj ET Q q 0 0 0 rg BT 454.31 226.25 Td (well ) Tj ET Q q 0 0 0 rg BT 474.40 226.25 Td (as ) Tj ET Q q 0 0 0 rg BT 485.60 226.25 Td (proposed ) Tj ET Q q 0 0 0 rg BT 525.13 226.25 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 87.91 214.25 Td (for ) Tj ET Q q 0 0 0 rg BT 101.70 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.05 214.25 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 140.77 214.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 190.67 214.25 Td (, ) Tj ET Q q 0 0 0 rg BT 195.30 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.18 214.25 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 242.97 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.54 214.25 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 312.22 214.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 344.90 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.24 214.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 385.81 214.25 Td (with ) Tj ET Q q 0 0 0 rg BT 405.72 214.25 Td (an ) Tj ET Q q 0 0 0 rg BT 417.29 214.25 Td (overview ) Tj ET Q q 0 0 0 rg BT 456.63 214.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 469.59 214.25 Td (among ) Tj ET Q q 0 0 0 rg BT 498.94 214.25 Td (other ) Tj ET Q q 0 0 0 rg BT 521.61 214.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 550.69 214.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 89.32 202.25 Td (philosophy) Tj ET Q q 0 0 0 rg BT 133.11 202.25 Td (, ) Tj ET Q q 0 0 0 rg BT 138.05 202.25 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 180.46 202.25 Td (practices, ) Tj ET Q q 0 0 0 rg BT 220.92 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 237.80 202.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 286.32 202.25 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 344.94 202.25 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 386.17 202.25 Td (, ) Tj ET Q q 0 0 0 rg BT 391.11 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.76 202.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 432.63 202.25 Td (continues ) Tj ET Q q 0 0 0 rg BT 473.39 202.25 Td (its ) Tj ET Q q 0 0 0 rg BT 485.27 202.25 Td (oversight ) Tj ET Q q 0 0 0 rg BT 524.92 202.25 Td (function ) Tj ET Q q 0 0 0 rg BT 560.68 202.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 190.25 Td (various ) Tj ET Q q 0 0 0 rg BT 74.08 190.25 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 117.10 190.25 Td (including ) Tj ET Q q 0 0 0 rg BT 156.52 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.26 190.25 Td (T) Tj ET Q q 0 0 0 rg BT 176.01 190.25 Td (rust) Tj ET Q q 0 0 0 rg BT 193.79 190.25 Td (s ) Tj ET Q q 0 0 0 rg BT 199.32 190.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 223.18 190.25 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 273.15 190.25 Td (Of) Tj ET Q q 0 0 0 rg BT 283.52 190.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 301.43 190.25 Td (, ) Tj ET Q q 0 0 0 rg BT 305.57 190.25 Td (as ) Tj ET Q q 0 0 0 rg BT 315.55 190.25 Td (well ) Tj ET Q q 0 0 0 rg BT 334.40 190.25 Td (as ) Tj ET Q q 0 0 0 rg BT 344.38 190.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 384.90 190.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.87 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.73 190.25 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 458.88 190.25 Td (, ) Tj ET Q q 0 0 0 rg BT 463.02 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.10 190.25 Td (other ) Tj ET Q q 0 0 0 rg BT 501.29 190.25 Td (service ) Tj ET Q q 0 0 0 rg BT 531.25 190.25 Td (providers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 178.25 Td (such ) Tj ET Q q 0 0 0 rg BT 64.15 178.25 Td (as ) Tj ET Q q 0 0 0 rg BT 75.31 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 90.35 178.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 113.69 178.25 Td (s ) Tj ET Q q 0 0 0 rg BT 120.40 178.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 172.10 178.25 Td (accountants, ) Tj ET Q q 0 0 0 rg BT 224.63 178.25 Td (make ) Tj ET Q q 0 0 0 rg BT 249.10 178.25 Td (periodic ) Tj ET Q q 0 0 0 rg BT 284.69 178.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 315.28 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 325.89 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.30 178.25 Td (Audit ) Tj ET Q q 0 0 0 rg BT 365.90 178.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 413.17 178.25 Td (or ) Tj ET Q q 0 0 0 rg BT 424.32 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 434.92 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.96 178.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 477.23 178.25 Td (with ) Tj ET Q q 0 0 0 rg BT 497.83 178.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 528.97 178.25 Td (to ) Tj ET Q q 0 0 0 rg BT 539.57 178.25 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 166.25 Td (aspects ) Tj ET Q q 0 0 0 rg BT 74.67 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 85.79 166.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 103.58 166.25 Td (management. ) Tj ET Q q 0 0 0 rg BT 159.76 166.25 Td (The ) Tj ET Q q 0 0 0 rg BT 178.09 166.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 205.32 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.55 166.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.94 166.25 Td (Audit ) Tj ET Q q 0 0 0 rg BT 262.51 166.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 309.74 166.25 Td (oversee ) Tj ET Q q 0 0 0 rg BT 343.07 166.25 Td (ef) Tj ET Q q 0 0 0 rg BT 350.66 166.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 371.78 166.25 Td (by ) Tj ET Q q 0 0 0 rg BT 384.57 166.25 Td (management ) Tj ET Q q 0 0 0 rg BT 438.45 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.68 166.25 Td (service ) Tj ET Q q 0 0 0 rg BT 486.78 166.25 Td (providers ) Tj ET Q q 0 0 0 rg BT 527.34 166.25 Td (to ) Tj ET Q q 0 0 0 rg BT 537.91 166.25 Td (manage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 154.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 64.39 154.25 Td (to ) Tj ET Q q 0 0 0 rg BT 74.67 154.25 Td (which ) Tj ET Q q 0 0 0 rg BT 101.61 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.33 154.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 139.39 154.25 Td (may ) Tj ET Q q 0 0 0 rg BT 159.10 154.25 Td (be ) Tj ET Q q 0 0 0 rg BT 171.04 154.25 Td (exposed. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 136.25 Td (The ) Tj ET Q q 0 0 0 rg BT 61.02 136.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 87.94 136.25 Td (is ) Tj ET Q q 0 0 0 rg BT 97.08 136.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 145.10 136.25 Td (for ) Tj ET Q q 0 0 0 rg BT 159.24 136.25 Td (overseeing ) Tj ET Q q 0 0 0 rg BT 205.03 136.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.72 136.25 Td (nature, ) Tj ET Q q 0 0 0 rg BT 249.68 136.25 Td (extent, ) Tj ET Q q 0 0 0 rg BT 279.09 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.01 136.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 326.26 136.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.06 136.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.75 136.25 Td (services ) Tj ET Q q 0 0 0 rg BT 386.44 136.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 424.46 136.25 Td (to ) Tj ET Q q 0 0 0 rg BT 434.71 136.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.41 136.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 472.44 136.25 Td (by ) Tj ET Q q 0 0 0 rg BT 484.92 136.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.06 136.25 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 533.20 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 550.11 136.25 Td (Sub-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 124.25 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 77.47 124.25 Td (and ) Tj ET Q q 0 0 0 rg BT 94.72 124.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 130.28 124.25 Td (information ) Tj ET Q q 0 0 0 rg BT 180.30 124.25 Td (about ) Tj ET Q q 0 0 0 rg BT 205.33 124.25 Td (those ) Tj ET Q q 0 0 0 rg BT 229.24 124.25 Td (services ) Tj ET Q q 0 0 0 rg BT 264.26 124.25 Td (at ) Tj ET Q q 0 0 0 rg BT 274.29 124.25 Td (its ) Tj ET Q q 0 0 0 rg BT 286.54 124.25 Td (regular ) Tj ET Q q 0 0 0 rg BT 317.67 124.25 Td (meetings. ) Tj ET Q q 0 0 0 rg BT 359.08 124.25 Td (In ) Tj ET Q q 0 0 0 rg BT 370.22 124.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 408.30 124.25 Td (on ) Tj ET Q q 0 0 0 rg BT 421.11 124.25 Td (an ) Tj ET Q q 0 0 0 rg BT 433.36 124.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 462.82 124.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 485.63 124.25 Td (\(following ) Tj ET Q q 0 0 0 rg BT 530.66 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.68 124.25 Td (initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 112.25 Td (two-year ) Tj ET Q q 0 0 0 rg BT 80.68 112.25 Td (period\), ) Tj ET Q q 0 0 0 rg BT 114.19 112.25 Td (in ) Tj ET Q q 0 0 0 rg BT 124.11 112.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 170.13 112.25 Td (with ) Tj ET Q q 0 0 0 rg BT 190.04 112.25 Td (its ) Tj ET Q q 0 0 0 rg BT 201.63 112.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 257.64 112.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.11 112.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 302.46 112.25 Td (to ) Tj ET Q q 0 0 0 rg BT 312.38 112.25 Td (renew ) Tj ET Q q 0 0 0 rg BT 338.95 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.31 112.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 399.41 112.25 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 438.30 112.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 484.86 112.25 Td (with ) Tj ET Q q 0 0 0 rg BT 504.78 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.66 112.25 Td (Adviser) Tj ET Q q 0 0 0 rg BT 549.92 112.25 Td (, ) Tj ET Q q 0 0 0 rg BT 554.56 112.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 100.25 Td (Sub-Advisory ) Tj ET Q q 0 0 0 rg BT 100.92 100.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 147.65 100.25 Td (with ) Tj ET Q q 0 0 0 rg BT 167.74 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.27 100.25 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 232.42 100.25 Td (, ) Tj ET Q q 0 0 0 rg BT 237.23 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.76 100.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 278.51 100.25 Td (or ) Tj ET Q q 0 0 0 rg BT 289.15 100.25 Td (its ) Tj ET Q q 0 0 0 rg BT 300.92 100.25 Td (designee ) Tj ET Q q 0 0 0 rg BT 338.21 100.25 Td (may ) Tj ET Q q 0 0 0 rg BT 357.74 100.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 379.49 100.25 Td (with ) Tj ET Q q 0 0 0 rg BT 399.58 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.60 100.25 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 447.57 100.25 Td (or ) Tj ET Q q 0 0 0 rg BT 458.21 100.25 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 511.07 100.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.16 100.25 Td (review ) Tj ET Q q 0 0 0 rg BT 550.68 100.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 88.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 80.15 88.25 Td (Among ) Tj ET Q q 0 0 0 rg BT 113.28 88.25 Td (other ) Tj ET Q q 0 0 0 rg BT 136.95 88.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 167.03 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.38 88.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 209.95 88.25 Td (regularly ) Tj ET Q q 0 0 0 rg BT 249.17 88.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 290.07 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.72 88.25 Td (Adviser) Tj ET Q q 0 0 0 rg BT 336.75 88.25 Td () Tj ET Q q 0 0 0 rg BT 339.53 88.25 Td (s ) Tj ET Q q 0 0 0 rg BT 346.55 88.25 Td (and ) Tj ET Q q 0 0 0 rg BT 364.12 88.25 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 415.05 88.25 Td () Tj ET Q q 0 0 0 rg BT 417.82 88.25 Td (s ) Tj ET Q q 0 0 0 rg BT 424.85 88.25 Td (adherence ) Tj ET Q q 0 0 0 rg BT 468.50 88.25 Td (to ) Tj ET Q q 0 0 0 rg BT 479.41 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 494.75 88.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 518.09 88.25 Td (s ) Tj ET Q q 0 0 0 rg BT 525.11 88.25 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 76.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 90.56 76.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.12 76.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 157.33 76.25 Td (with ) Tj ET Q q 0 0 0 rg BT 178.24 76.25 Td (various ) Tj ET Q q 0 0 0 rg BT 210.80 76.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 234.48 76.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 268.71 76.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.27 76.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 333.26 76.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.83 76.25 Td (with ) Tj ET Q q 0 0 0 rg BT 371.73 76.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 415.94 76.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 456.83 76.25 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 506.66 76.25 Td (The ) Tj ET Q q 0 0 0 rg BT 525.33 76.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 552.90 76.25 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 64.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 76.25 64.25 Td (information ) Tj ET Q q 0 0 0 rg BT 125.61 64.25 Td (about ) Tj ET Q q 0 0 0 rg BT 149.97 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.34 64.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 187.68 64.25 Td (s ) Tj ET Q q 0 0 0 rg BT 193.72 64.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 246.39 64.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.98 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.34 64.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 300.68 64.25 Td (s ) Tj ET Q q 0 0 0 rg BT 306.72 64.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 359.14 64.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 401.56 64.25 Td (for ) Tj ET Q q 0 0 0 rg BT 415.37 64.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 453.89 64.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 491.04 64.25 Td (holdings ) Tj ET Q q 0 0 0 rg BT 527.63 64.25 Td (schedules. ) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 46.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 46.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.91 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 66.67 742.10 Td (rust) Tj ET Q q 0 0 0 rg BT 84.44 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 90.88 742.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 115.65 742.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 166.51 742.10 Td (Of) Tj ET Q q 0 0 0 rg BT 176.88 742.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 197.75 742.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 228.06 742.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 266.70 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.02 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.79 742.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 318.77 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.10 742.10 Td (review ) Tj ET Q q 0 0 0 rg BT 358.85 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.84 742.10 Td (discuss ) Tj ET Q q 0 0 0 rg BT 407.27 742.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 455.91 742.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 482.35 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.33 742.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 524.38 742.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 555.64 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 560.68 742.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 95.63 730.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 112.71 730.10 Td (assessments. ) Tj ET Q q 0 0 0 rg BT 165.15 730.10 Td (At ) Tj ET Q q 0 0 0 rg BT 177.23 730.10 Td (least ) Tj ET Q q 0 0 0 rg BT 197.63 730.10 Td (annually) Tj ET Q q 0 0 0 rg BT 231.42 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 235.99 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.14 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 255.89 730.10 Td (rust) Tj ET Q q 0 0 0 rg BT 273.67 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 279.64 730.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 303.93 730.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 354.33 730.10 Td (Of) Tj ET Q q 0 0 0 rg BT 364.70 730.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 385.09 730.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 421.61 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.90 730.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 462.42 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 482.27 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.79 730.10 Td (report ) Tj ET Q q 0 0 0 rg BT 514.74 730.10 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 556.80 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 83.65 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.99 718.10 Td (ef) Tj ET Q q 0 0 0 rg BT 108.58 718.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 155.90 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.13 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.03 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 187.79 718.10 Td (rust) Tj ET Q q 0 0 0 rg BT 205.57 718.10 Td (s ) Tj ET Q q 0 0 0 rg BT 212.36 718.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 246.36 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.69 718.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 310.46 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.80 718.10 Td (those ) Tj ET Q q 0 0 0 rg BT 351.80 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.03 718.10 Td (its ) Tj ET Q q 0 0 0 rg BT 375.38 718.10 Td (service ) Tj ET Q q 0 0 0 rg BT 406.59 718.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 449.76 718.10 Td (including ) Tj ET Q q 0 0 0 rg BT 490.43 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.90 718.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 539.46 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 556.80 718.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 93.00 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 97.84 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 115.92 706.10 Td (report ) Tj ET Q q 0 0 0 rg BT 142.32 706.10 Td (addresses ) Tj ET Q q 0 0 0 rg BT 183.17 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.91 706.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 238.20 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.05 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.80 706.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 297.43 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.39 706.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 360.78 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.64 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.20 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 391.96 706.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 409.48 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.45 706.10 Td (each ) Tj ET Q q 0 0 0 rg BT 447.29 706.10 Td (service ) Tj ET Q q 0 0 0 rg BT 478.13 706.10 Td (provider ) Tj ET Q q 0 0 0 rg BT 514.53 706.10 Td (since ) Tj ET Q q 0 0 0 rg BT 537.60 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 552.35 706.10 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 54.59 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 70.06 694.10 Td (last ) Tj ET Q q 0 0 0 rg BT 87.21 694.10 Td (report; ) Tj ET Q q 0 0 0 rg BT 117.12 694.10 Td (any ) Tj ET Q q 0 0 0 rg BT 134.82 694.10 Td (material ) Tj ET Q q 0 0 0 rg BT 170.84 694.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 206.30 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.34 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.81 694.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 267.17 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.87 694.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 332.00 694.10 Td (since ) Tj ET Q q 0 0 0 rg BT 355.80 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.28 694.10 Td (date ) Tj ET Q q 0 0 0 rg BT 391.19 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.78 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.25 694.10 Td (last ) Tj ET Q q 0 0 0 rg BT 435.40 694.10 Td (report; ) Tj ET Q q 0 0 0 rg BT 465.31 694.10 Td (any ) Tj ET Q q 0 0 0 rg BT 483.01 694.10 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 557.36 694.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.10 Td (material ) Tj ET Q q 0 0 0 rg BT 78.26 682.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 112.97 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.24 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.96 682.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 171.56 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.50 682.10 Td (procedures; ) Tj ET Q q 0 0 0 rg BT 237.65 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.59 682.10 Td (any ) Tj ET Q q 0 0 0 rg BT 271.53 682.10 Td (material ) Tj ET Q q 0 0 0 rg BT 306.78 682.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 355.37 682.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 387.31 682.10 Td (since ) Tj ET Q q 0 0 0 rg BT 410.35 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.07 682.10 Td (date ) Tj ET Q q 0 0 0 rg BT 444.23 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.06 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.77 682.10 Td (last ) Tj ET Q q 0 0 0 rg BT 486.16 682.10 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 664.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.25 664.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 86.38 664.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 120.83 664.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 150.30 664.10 Td (from ) Tj ET Q q 0 0 0 rg BT 171.44 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.35 664.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 208.69 664.10 Td (s ) Tj ET Q q 0 0 0 rg BT 214.28 664.10 Td (service ) Tj ET Q q 0 0 0 rg BT 244.30 664.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 283.76 664.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 323.78 664.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 370.46 664.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 391.04 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.18 664.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 427.77 664.10 Td (related ) Tj ET Q q 0 0 0 rg BT 456.67 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.15 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.06 664.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 518.97 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.11 664.10 Td (liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.25 652.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 90.16 652.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 131.92 652.10 Td (Annually) Tj ET Q q 0 0 0 rg BT 168.49 652.10 Td (, ) Tj ET Q q 0 0 0 rg BT 172.91 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.04 652.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 210.38 652.10 Td (s ) Tj ET Q q 0 0 0 rg BT 216.19 652.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 266.99 652.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 308.33 652.10 Td (public ) Tj ET Q q 0 0 0 rg BT 335.24 652.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 381.03 652.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 400.17 652.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 433.19 652.10 Td (with ) Tj ET Q q 0 0 0 rg BT 452.88 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.60 652.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 491.29 652.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 537.65 652.10 Td (its ) Tj ET Q q 0 0 0 rg BT 549.02 652.10 Td (audit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 54.01 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.90 640.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 92.24 640.10 Td (s ) Tj ET Q q 0 0 0 rg BT 98.81 640.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 136.47 640.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 183.86 640.10 Td (focusing ) Tj ET Q q 0 0 0 rg BT 220.97 640.10 Td (on ) Tj ET Q q 0 0 0 rg BT 233.65 640.10 Td (major ) Tj ET Q q 0 0 0 rg BT 259.65 640.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 282.87 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.87 640.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 311.55 640.10 Td (encountered ) Tj ET Q q 0 0 0 rg BT 363.09 640.10 Td (by ) Tj ET Q q 0 0 0 rg BT 375.77 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.66 640.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 413.90 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.02 640.10 Td (noting ) Tj ET Q q 0 0 0 rg BT 459.25 640.10 Td (any ) Tj ET Q q 0 0 0 rg BT 476.37 640.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 521.26 640.10 Td (deficiencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 628.10 Td (or ) Tj ET Q q 0 0 0 rg BT 54.33 628.10 Td (material ) Tj ET Q q 0 0 0 rg BT 90.09 628.10 Td (weaknesses ) Tj ET Q q 0 0 0 rg BT 139.75 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 150.53 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.74 628.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 189.08 628.10 Td (s ) Tj ET Q q 0 0 0 rg BT 195.98 628.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 229.52 628.10 Td (controls. ) Tj ET Q q 0 0 0 rg BT 266.58 628.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 316.48 628.10 Td (, ) Tj ET Q q 0 0 0 rg BT 321.98 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 332.76 628.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 379.64 628.10 Td (with ) Tj ET Q q 0 0 0 rg BT 400.42 628.10 Td (its ) Tj ET Q q 0 0 0 rg BT 412.87 628.10 Td (oversight ) Tj ET Q q 0 0 0 rg BT 453.09 628.10 Td (function, ) Tj ET Q q 0 0 0 rg BT 491.91 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.13 628.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 534.57 628.10 Td (oversees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 616.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 66.32 616.10 Td (management) Tj ET Q q 0 0 0 rg BT 120.19 616.10 Td (s ) Tj ET Q q 0 0 0 rg BT 126.85 616.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 192.37 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.46 616.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 246.77 616.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 281.75 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.96 616.10 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 348.08 616.10 Td (which ) Tj ET Q q 0 0 0 rg BT 375.29 616.10 Td (are ) Tj ET Q q 0 0 0 rg BT 390.26 616.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 428.57 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 439.11 616.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 467.97 616.10 Td (that ) Tj ET Q q 0 0 0 rg BT 485.73 616.10 Td (information ) Tj ET Q q 0 0 0 rg BT 535.70 616.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 52.72 604.10 Td (be ) Tj ET Q q 0 0 0 rg BT 64.10 604.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 103.26 604.10 Td (by ) Tj ET Q q 0 0 0 rg BT 115.21 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.23 604.10 Td (T) Tj ET Q q 0 0 0 rg BT 134.98 604.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 151.93 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.65 604.10 Td (its ) Tj ET Q q 0 0 0 rg BT 173.04 604.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 207.75 604.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 237.46 604.10 Td (with ) Tj ET Q q 0 0 0 rg BT 257.18 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.34 604.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 291.62 604.10 Td (are ) Tj ET Q q 0 0 0 rg BT 305.77 604.10 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 345.19 604.10 Td (processed, ) Tj ET Q q 0 0 0 rg BT 389.07 604.10 Td (summarized, ) Tj ET Q q 0 0 0 rg BT 442.38 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 458.76 604.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 494.02 604.10 Td (within ) Tj ET Q q 0 0 0 rg BT 521.52 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.68 604.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 592.10 Td (time ) Tj ET Q q 0 0 0 rg BT 63.20 592.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 97.40 592.10 Td (The ) Tj ET Q q 0 0 0 rg BT 115.38 592.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 142.24 592.10 Td (also ) Tj ET Q q 0 0 0 rg BT 160.78 592.10 Td (oversees ) Tj ET Q q 0 0 0 rg BT 197.64 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.11 592.10 Td (T) Tj ET Q q 0 0 0 rg BT 217.87 592.10 Td (rust) Tj ET Q q 0 0 0 rg BT 235.65 592.10 Td (s ) Tj ET Q q 0 0 0 rg BT 241.97 592.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 274.94 592.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 309.59 592.10 Td (over ) Tj ET Q q 0 0 0 rg BT 329.79 592.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 367.20 592.10 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 408.79 592.10 Td (which ) Tj ET Q q 0 0 0 rg BT 435.66 592.10 Td (comprise ) Tj ET Q q 0 0 0 rg BT 474.74 592.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 508.28 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.15 592.10 Td (procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 580.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 80.86 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.95 580.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 123.82 580.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 168.88 580.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 210.07 580.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 250.70 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.23 580.10 Td (reliability ) Tj ET Q q 0 0 0 rg BT 306.42 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.06 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.43 580.10 Td (T) Tj ET Q q 0 0 0 rg BT 337.18 580.10 Td (rust) Tj ET Q q 0 0 0 rg BT 354.96 580.10 Td (s ) Tj ET Q q 0 0 0 rg BT 361.17 580.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 398.46 580.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 437.43 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.19 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.72 580.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 516.56 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.21 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.57 580.10 Td (T) Tj ET Q q 0 0 0 rg BT 547.33 580.10 Td (rust) Tj ET Q q 0 0 0 rg BT 565.11 580.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 568.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 80.48 568.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 550.10 Td (From ) Tj ET Q q 0 0 0 rg BT 66.86 550.10 Td (their ) Tj ET Q q 0 0 0 rg BT 87.37 550.10 Td (review ) Tj ET Q q 0 0 0 rg BT 116.77 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.29 550.10 Td (these ) Tj ET Q q 0 0 0 rg BT 150.02 550.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 179.98 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.61 550.10 Td (discussions ) Tj ET Q q 0 0 0 rg BT 244.36 550.10 Td (with ) Tj ET Q q 0 0 0 rg BT 264.33 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.25 550.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 309.51 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 314.20 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.60 550.10 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 378.75 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 383.44 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.85 550.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 422.26 550.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 472.76 550.10 Td (Of) Tj ET Q q 0 0 0 rg BT 483.14 550.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 501.05 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 505.74 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.15 550.10 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 538.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 85.05 538.10 Td (public ) Tj ET Q q 0 0 0 rg BT 112.66 538.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 159.16 538.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 179.00 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.06 538.10 Td (other ) Tj ET Q q 0 0 0 rg BT 219.23 538.10 Td (service ) Tj ET Q q 0 0 0 rg BT 250.16 538.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 293.05 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.89 538.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 334.95 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.01 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.27 538.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 391.67 538.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 438.73 538.10 Td (learn ) Tj ET Q q 0 0 0 rg BT 461.34 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.74 538.10 Td (detail ) Tj ET Q q 0 0 0 rg BT 496.58 538.10 Td (about ) Tj ET Q q 0 0 0 rg BT 521.42 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.25 538.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 526.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 64.39 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 75.22 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.94 526.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 115.50 526.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 147.99 526.10 Td (facilitating ) Tj ET Q q 0 0 0 rg BT 193.80 526.10 Td (a ) Tj ET Q q 0 0 0 rg BT 200.74 526.10 Td (dialogue ) Tj ET Q q 0 0 0 rg BT 237.67 526.10 Td (about ) Tj ET Q q 0 0 0 rg BT 262.39 526.10 Td (how ) Tj ET Q q 0 0 0 rg BT 282.11 526.10 Td (management ) Tj ET Q q 0 0 0 rg BT 335.70 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.64 526.10 Td (service ) Tj ET Q q 0 0 0 rg BT 383.45 526.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 423.72 526.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 457.33 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.26 526.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 509.53 526.10 Td (those ) Tj ET Q q 0 0 0 rg BT 533.14 526.10 Td (risks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.42 508.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 88.73 508.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 134.36 508.10 Td (that ) Tj ET Q q 0 0 0 rg BT 152.23 508.10 Td (not ) Tj ET Q q 0 0 0 rg BT 167.88 508.10 Td (all ) Tj ET Q q 0 0 0 rg BT 180.75 508.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 202.51 508.10 Td (that ) Tj ET Q q 0 0 0 rg BT 220.38 508.10 Td (may ) Tj ET Q q 0 0 0 rg BT 240.47 508.10 Td (af) Tj ET Q q 0 0 0 rg BT 248.06 508.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 265.92 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.01 508.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 304.45 508.10 Td (can ) Tj ET Q q 0 0 0 rg BT 321.20 508.10 Td (be ) Tj ET Q q 0 0 0 rg BT 333.51 508.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 374.70 508.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 403.12 508.10 Td (quantified, ) Tj ET Q q 0 0 0 rg BT 449.04 508.10 Td (that ) Tj ET Q q 0 0 0 rg BT 466.91 508.10 Td (it ) Tj ET Q q 0 0 0 rg BT 475.34 508.10 Td (may ) Tj ET Q q 0 0 0 rg BT 495.43 508.10 Td (not ) Tj ET Q q 0 0 0 rg BT 511.08 508.10 Td (be ) Tj ET Q q 0 0 0 rg BT 523.39 508.10 Td (practical ) Tj ET Q q 0 0 0 rg BT 560.68 508.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 496.10 Td (cost-ef) Tj ET Q q 0 0 0 rg BT 70.03 496.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 99.51 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.56 496.10 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 149.04 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 159.65 496.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 194.70 496.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 224.18 496.10 Td (risks, ) Tj ET Q q 0 0 0 rg BT 247.84 496.10 Td (that ) Tj ET Q q 0 0 0 rg BT 265.12 496.10 Td (it ) Tj ET Q q 0 0 0 rg BT 272.95 496.10 Td (may ) Tj ET Q q 0 0 0 rg BT 292.44 496.10 Td (be ) Tj ET Q q 0 0 0 rg BT 304.16 496.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 345.30 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.36 496.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 374.84 496.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 404.32 496.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 425.49 496.10 Td (\(such ) Tj ET Q q 0 0 0 rg BT 449.43 496.10 Td (as ) Tj ET Q q 0 0 0 rg BT 460.03 496.10 Td (investment-related ) Tj ET Q q 0 0 0 rg BT 536.72 496.10 Td (risks\) ) Tj ET Q q 0 0 0 rg BT 561.22 496.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 484.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 76.28 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 91.25 484.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 114.59 484.10 Td (s ) Tj ET Q q 0 0 0 rg BT 121.23 484.10 Td (goals, ) Tj ET Q q 0 0 0 rg BT 147.59 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.78 484.10 Td (that ) Tj ET Q q 0 0 0 rg BT 182.53 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.50 484.10 Td (processes, ) Tj ET Q q 0 0 0 rg BT 241.07 484.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 287.69 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.88 484.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 339.85 484.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 382.03 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.56 484.10 Td (address ) Tj ET Q q 0 0 0 rg BT 425.30 484.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 455.26 484.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 476.90 484.10 Td (may ) Tj ET Q q 0 0 0 rg BT 496.87 484.10 Td (be ) Tj ET Q q 0 0 0 rg BT 509.06 484.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 540.14 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.67 484.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 472.10 Td (ef) Tj ET Q q 0 0 0 rg BT 50.59 472.10 Td (fectiveness. ) Tj ET Q q 0 0 0 rg BT 101.44 472.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 140.47 472.10 Td (, ) Tj ET Q q 0 0 0 rg BT 146.90 472.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 178.59 472.10 Td (received ) Tj ET Q q 0 0 0 rg BT 216.38 472.10 Td (by ) Tj ET Q q 0 0 0 rg BT 230.31 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.45 472.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 274.82 472.10 Td (as ) Tj ET Q q 0 0 0 rg BT 287.08 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.78 472.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 317.71 472.10 Td (management ) Tj ET Q q 0 0 0 rg BT 372.73 472.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 406.09 472.10 Td (are ) Tj ET Q q 0 0 0 rg BT 422.22 472.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 461.14 472.10 Td (summaries ) Tj ET Q q 0 0 0 rg BT 508.40 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.65 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.80 472.10 Td (relevant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 460.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 94.88 460.10 Td (Most ) Tj ET Q q 0 0 0 rg BT 117.60 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.10 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.48 460.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 165.82 460.10 Td (s ) Tj ET Q q 0 0 0 rg BT 171.88 460.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 217.93 460.10 Td (management ) Tj ET Q q 0 0 0 rg BT 271.18 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.79 460.10 Td (business ) Tj ET Q q 0 0 0 rg BT 323.84 460.10 Td (af) Tj ET Q q 0 0 0 rg BT 331.43 460.10 Td (fairs ) Tj ET Q q 0 0 0 rg BT 351.36 460.10 Td (are ) Tj ET Q q 0 0 0 rg BT 365.74 460.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 395.66 460.10 Td (out ) Tj ET Q q 0 0 0 rg BT 410.60 460.10 Td (by ) Tj ET Q q 0 0 0 rg BT 422.77 460.10 Td (or ) Tj ET Q q 0 0 0 rg BT 433.26 460.10 Td (through ) Tj ET Q q 0 0 0 rg BT 466.54 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.44 460.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 511.70 460.10 Td (, ) Tj ET Q q 0 0 0 rg BT 516.36 460.10 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 566.52 460.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 60.26 448.10 Td (other ) Tj ET Q q 0 0 0 rg BT 83.63 448.10 Td (service ) Tj ET Q q 0 0 0 rg BT 114.77 448.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 157.86 448.10 Td (each ) Tj ET Q q 0 0 0 rg BT 179.00 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.15 448.10 Td (which ) Tj ET Q q 0 0 0 rg BT 217.41 448.10 Td (has ) Tj ET Q q 0 0 0 rg BT 233.56 448.10 Td (an ) Tj ET Q q 0 0 0 rg BT 245.82 448.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 297.52 448.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 329.77 448.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.37 448.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 358.20 448.10 Td (management ) Tj ET Q q 0 0 0 rg BT 412.11 448.10 Td (but ) Tj ET Q q 0 0 0 rg BT 427.71 448.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 456.08 448.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 490.01 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.27 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.31 448.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 559.02 448.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 436.10 Td (which ) Tj ET Q q 0 0 0 rg BT 69.72 436.10 Td (one ) Tj ET Q q 0 0 0 rg BT 86.44 436.10 Td (or ) Tj ET Q q 0 0 0 rg BT 97.04 436.10 Td (more ) Tj ET Q q 0 0 0 rg BT 119.87 436.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 137.15 436.10 Td (management ) Tj ET Q q 0 0 0 rg BT 190.52 436.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 230.01 436.10 Td (are ) Tj ET Q q 0 0 0 rg BT 244.50 436.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 274.53 436.10 Td (out ) Tj ET Q q 0 0 0 rg BT 289.59 436.10 Td (may ) Tj ET Q q 0 0 0 rg BT 309.09 436.10 Td (dif) Tj ET Q q 0 0 0 rg BT 320.02 436.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 333.39 436.10 Td (from ) Tj ET Q q 0 0 0 rg BT 355.11 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.61 436.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 392.95 436.10 Td (s ) Tj ET Q q 0 0 0 rg BT 399.12 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.84 436.10 Td (each ) Tj ET Q q 0 0 0 rg BT 436.43 436.10 Td (other) Tj ET Q q 0 0 0 rg BT 457.35 436.10 Td () Tj ET Q q 0 0 0 rg BT 460.13 436.10 Td (s ) Tj ET Q q 0 0 0 rg BT 466.30 436.10 Td (in ) Tj ET Q q 0 0 0 rg BT 476.36 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.85 436.10 Td (setting ) Tj ET Q q 0 0 0 rg BT 519.80 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.41 436.10 Td (priorities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.80 424.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 98.13 424.10 Td (available ) Tj ET Q q 0 0 0 rg BT 136.80 424.10 Td (or ) Tj ET Q q 0 0 0 rg BT 147.71 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.51 424.10 Td (ef) Tj ET Q q 0 0 0 rg BT 170.10 424.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 217.10 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.01 424.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 262.79 424.10 Td (controls. ) Tj ET Q q 0 0 0 rg BT 299.52 424.10 Td (As ) Tj ET Q q 0 0 0 rg BT 313.21 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 320.23 424.10 Td (result ) Tj ET Q q 0 0 0 rg BT 345.03 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.94 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.73 424.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 412.19 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.21 424.10 Td (other ) Tj ET Q q 0 0 0 rg BT 452.33 424.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 484.62 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.42 424.10 Td (Board) Tj ET Q q 0 0 0 rg BT 526.63 424.10 Td (s ) Tj ET Q q 0 0 0 rg BT 533.10 424.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 561.24 424.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 412.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 77.17 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.10 412.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 127.70 412.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 147.70 412.10 Td (as ) Tj ET Q q 0 0 0 rg BT 158.53 412.10 Td (a ) Tj ET Q q 0 0 0 rg BT 165.47 412.10 Td (practical ) Tj ET Q q 0 0 0 rg BT 202.38 412.10 Td (matter) Tj ET Q q 0 0 0 rg BT 227.53 412.10 Td (, ) Tj ET Q q 0 0 0 rg BT 232.53 412.10 Td (is ) Tj ET Q q 0 0 0 rg BT 241.70 412.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 272.52 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.80 412.10 Td (limitations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 394.10 Td (Members ) Tj ET Q q 0 0 0 rg BT 85.98 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.75 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.53 394.10 Td (Board. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.14 394.10 Td (There ) Tj ET Q q 0 0 0 rg BT 169.90 394.10 Td (are ) Tj ET Q q 0 0 0 rg BT 184.55 394.10 Td (four ) Tj ET Q q 0 0 0 rg BT 203.66 394.10 Td (members ) Tj ET Q q 0 0 0 rg BT 242.76 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.53 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.19 394.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 297.57 394.10 Td (three ) Tj ET Q q 0 0 0 rg BT 320.00 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.78 394.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 358.22 394.10 Td (are ) Tj ET Q q 0 0 0 rg BT 372.87 394.10 Td (not ) Tj ET Q q 0 0 0 rg BT 388.09 394.10 Td (interested ) Tj ET Q q 0 0 0 rg BT 429.41 394.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 462.40 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.18 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.66 394.10 Td (T) Tj ET Q q 0 0 0 rg BT 493.42 394.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 513.36 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 524.14 394.10 Td (that ) Tj ET Q q 0 0 0 rg BT 541.58 394.10 Td (term ) Tj ET Q q 0 0 0 rg BT 562.34 394.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 382.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 75.63 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 86.05 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.91 382.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 122.97 382.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 140.06 382.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 158.25 382.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 214.56 382.10 Td (T) Tj ET Q q 0 0 0 rg BT 220.32 382.10 Td (rustees\). ) Tj ET Q q 0 0 0 rg BT 261.00 382.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 272.67 382.10 Td (.Michael ) Tj ET Q q 0 0 0 rg BT 312.49 382.10 Td (A. ) Tj ET Q q 0 0 0 rg BT 324.86 382.10 Td (Castino ) Tj ET Q q 0 0 0 rg BT 358.06 382.10 Td (serves ) Tj ET Q q 0 0 0 rg BT 385.69 382.10 Td (as ) Tj ET Q q 0 0 0 rg BT 396.67 382.10 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 438.75 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.72 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.58 382.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 491.66 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.75 382.10 Td (is ) Tj ET Q q 0 0 0 rg BT 518.06 382.10 Td (an ) Tj ET Q q 0 0 0 rg BT 530.14 382.10 Td (interested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 370.10 Td (person ) Tj ET Q q 0 0 0 rg BT 71.60 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.87 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.89 370.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.65 370.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 121.09 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.47 370.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 149.14 370.10 Td (. ) Tj ET Q q 0 0 0 rg BT 153.58 370.10 Td (Leonard ) Tj ET Q q 0 0 0 rg BT 188.83 370.10 Td (M. ) Tj ET Q q 0 0 0 rg BT 202.17 370.10 Td (Rush ) Tj ET Q q 0 0 0 rg BT 224.67 370.10 Td (serves ) Tj ET Q q 0 0 0 rg BT 251.60 370.10 Td (as ) Tj ET Q q 0 0 0 rg BT 261.87 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.89 370.10 Td (T) Tj ET Q q 0 0 0 rg BT 281.65 370.10 Td (rust) Tj ET Q q 0 0 0 rg BT 299.42 370.10 Td (s ) Tj ET Q q 0 0 0 rg BT 305.26 370.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 327.18 370.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 378.41 370.10 Td (T) Tj ET Q q 0 0 0 rg BT 384.16 370.10 Td (rustee. ) Tj ET Q q 0 0 0 rg BT 412.05 370.10 Td (As ) Tj ET Q q 0 0 0 rg BT 425.11 370.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 447.03 370.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 498.26 370.10 Td (T) Tj ET Q q 0 0 0 rg BT 504.02 370.10 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 532.33 370.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 544.00 370.10 Td (. ) Tj ET Q q 0 0 0 rg BT 548.44 370.10 Td (Rush ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 358.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 60.51 358.10 Td (as ) Tj ET Q q 0 0 0 rg BT 70.81 358.10 Td (a ) Tj ET Q q 0 0 0 rg BT 77.22 358.10 Td (spokesperson ) Tj ET Q q 0 0 0 rg BT 133.07 358.10 Td (for ) Tj ET Q q 0 0 0 rg BT 146.70 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.88 358.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 212.13 358.10 Td (T) Tj ET Q q 0 0 0 rg BT 217.89 358.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 247.62 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.37 358.10 Td (between ) Tj ET Q q 0 0 0 rg BT 292.65 358.10 Td (meetings ) Tj ET Q q 0 0 0 rg BT 330.72 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.02 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.21 358.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 384.11 358.10 Td (serves ) Tj ET Q q 0 0 0 rg BT 411.07 358.10 Td (as ) Tj ET Q q 0 0 0 rg BT 421.37 358.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.77 358.10 Td (liaison ) Tj ET Q q 0 0 0 rg BT 456.41 358.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.04 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.22 358.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 535.47 358.10 Td (T) Tj ET Q q 0 0 0 rg BT 541.23 358.10 Td (rustees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 346.10 Td (with ) Tj ET Q q 0 0 0 rg BT 63.65 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.52 346.10 Td (T) Tj ET Q q 0 0 0 rg BT 84.28 346.10 Td (rust) Tj ET Q q 0 0 0 rg BT 102.06 346.10 Td (s ) Tj ET Q q 0 0 0 rg BT 108.82 346.10 Td (service ) Tj ET Q q 0 0 0 rg BT 140.00 346.10 Td (providers, ) Tj ET Q q 0 0 0 rg BT 183.14 346.10 Td (of) Tj ET Q q 0 0 0 rg BT 191.29 346.10 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 218.86 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.17 346.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 258.47 346.10 Td (counsel ) Tj ET Q q 0 0 0 rg BT 291.88 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.53 346.10 Td (discuss ) Tj ET Q q 0 0 0 rg BT 334.29 346.10 Td (ideas ) Tj ET Q q 0 0 0 rg BT 357.70 346.10 Td (informally) Tj ET Q q 0 0 0 rg BT 399.27 346.10 Td (, ) Tj ET Q q 0 0 0 rg BT 404.63 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.94 346.10 Td (participates ) Tj ET Q q 0 0 0 rg BT 470.90 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 481.54 346.10 Td (setting ) Tj ET Q q 0 0 0 rg BT 511.07 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.16 346.10 Td (agenda ) Tj ET Q q 0 0 0 rg BT 557.34 346.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 334.10 Td (meetings ) Tj ET Q q 0 0 0 rg BT 81.60 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.43 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.15 334.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 134.09 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.03 334.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 186.28 334.10 Td (meetings ) Tj ET Q q 0 0 0 rg BT 224.88 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 235.71 334.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 276.53 334.10 Td (sessions ) Tj ET Q q 0 0 0 rg BT 311.81 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.64 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.36 334.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 389.10 334.10 Td (T) Tj ET Q q 0 0 0 rg BT 394.86 334.10 Td (rustees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 316.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.12 316.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 88.13 316.10 Td (is ) Tj ET Q q 0 0 0 rg BT 97.38 316.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 141.60 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.51 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 159.52 316.10 Td (super) Tj ET Q q 0 0 0 rg BT 180.98 316.10 Td (-majority ) Tj ET Q q 0 0 0 rg BT 220.76 316.10 Td (\(75 ) Tj ET Q q 0 0 0 rg BT 236.67 316.10 Td (percent\) ) Tj ET Q q 0 0 0 rg BT 271.99 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.90 316.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 334.71 316.10 Td (T) Tj ET Q q 0 0 0 rg BT 340.47 316.10 Td (rustees. ) Tj ET Q q 0 0 0 rg BT 373.12 316.10 Td (There ) Tj ET Q q 0 0 0 rg BT 399.01 316.10 Td (is ) Tj ET Q q 0 0 0 rg BT 408.25 316.10 Td (an ) Tj ET Q q 0 0 0 rg BT 419.70 316.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 445.05 316.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 492.06 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.96 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.75 316.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 544.77 316.10 Td (that ) Tj ET Q q 0 0 0 rg BT 562.33 316.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 304.10 Td (chaired ) Tj ET Q q 0 0 0 rg BT 75.11 304.10 Td (by ) Tj ET Q q 0 0 0 rg BT 87.80 304.10 Td (an ) Tj ET Q q 0 0 0 rg BT 99.92 304.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 151.84 304.10 Td (T) Tj ET Q q 0 0 0 rg BT 157.60 304.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 184.16 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.29 304.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 245.63 304.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 272.20 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.22 304.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 335.14 304.10 Td (T) Tj ET Q q 0 0 0 rg BT 340.89 304.10 Td (rustees. ) Tj ET Q q 0 0 0 rg BT 373.65 304.10 Td (The ) Tj ET Q q 0 0 0 rg BT 391.29 304.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 416.76 304.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 463.89 304.10 Td (chair ) Tj ET Q q 0 0 0 rg BT 486.56 304.10 Td (presides ) Tj ET Q q 0 0 0 rg BT 522.01 304.10 Td (at ) Tj ET Q q 0 0 0 rg BT 531.92 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.23 304.10 Td (Audit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 292.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 89.73 292.10 Td (meetings, ) Tj ET Q q 0 0 0 rg BT 130.63 292.10 Td (participates ) Tj ET Q q 0 0 0 rg BT 179.02 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.09 292.10 Td (formulating ) Tj ET Q q 0 0 0 rg BT 238.60 292.10 Td (agendas ) Tj ET Q q 0 0 0 rg BT 273.10 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 286.55 292.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 311.62 292.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 358.35 292.10 Td (meetings, ) Tj ET Q q 0 0 0 rg BT 399.25 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.98 292.10 Td (coordinates ) Tj ET Q q 0 0 0 rg BT 464.37 292.10 Td (with ) Tj ET Q q 0 0 0 rg BT 484.45 292.10 Td (management ) Tj ET Q q 0 0 0 rg BT 537.83 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 547.90 292.10 Td (serve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 280.10 Td (as ) Tj ET Q q 0 0 0 rg BT 53.25 280.10 Td (a ) Tj ET Q q 0 0 0 rg BT 59.61 280.10 Td (liaison ) Tj ET Q q 0 0 0 rg BT 88.20 280.10 Td (between ) Tj ET Q q 0 0 0 rg BT 123.43 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.57 280.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 188.78 280.10 Td (T) Tj ET Q q 0 0 0 rg BT 194.54 280.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 224.23 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.59 280.10 Td (management ) Tj ET Q q 0 0 0 rg BT 293.60 280.10 Td (on ) Tj ET Q q 0 0 0 rg BT 305.52 280.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 336.87 280.10 Td (within ) Tj ET Q q 0 0 0 rg BT 364.35 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.49 280.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 403.18 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.43 280.10 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 475.90 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.15 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.87 280.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 524.57 280.10 Td (Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 268.10 Td (as ) Tj ET Q q 0 0 0 rg BT 55.66 268.10 Td (set ) Tj ET Q q 0 0 0 rg BT 71.10 268.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 94.87 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.98 268.10 Td (its ) Tj ET Q q 0 0 0 rg BT 120.76 268.10 Td (Board-approved ) Tj ET Q q 0 0 0 rg BT 190.07 268.10 Td (charter) Tj ET Q q 0 0 0 rg BT 217.27 268.10 Td (. ) Tj ET Q q 0 0 0 rg BT 223.79 268.10 Td (The ) Tj ET Q q 0 0 0 rg BT 243.36 268.10 Td (T) Tj ET Q q 0 0 0 rg BT 249.12 268.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 268.45 268.10 Td (has ) Tj ET Q q 0 0 0 rg BT 286.11 268.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 335.42 268.10 Td (its ) Tj ET Q q 0 0 0 rg BT 349.20 268.10 Td (leadership ) Tj ET Q q 0 0 0 rg BT 394.63 268.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 433.95 268.10 Td (is ) Tj ET Q q 0 0 0 rg BT 444.95 268.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 494.81 268.10 Td (given ) Tj ET Q q 0 0 0 rg BT 521.36 268.10 Td 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ET Q q 0 0 0 rg BT 538.91 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 554.03 256.10 Td (fact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 244.10 Td (that ) Tj ET Q q 0 0 0 rg BT 59.97 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.17 244.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 125.43 244.10 Td (T) Tj ET Q q 0 0 0 rg BT 131.18 244.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 160.93 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.24 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.29 244.10 Td (T) Tj ET Q q 0 0 0 rg BT 191.04 244.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 208.02 244.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 248.88 244.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.30 244.10 Td (super) Tj ET Q q 0 0 0 rg BT 276.76 244.10 Td (-majority ) Tj ET Q q 0 0 0 rg BT 315.95 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.25 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.45 244.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 369.36 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.56 244.10 Td (number ) Tj ET Q q 0 0 0 rg BT 416.08 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.39 244.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 477.65 244.10 Td (T) Tj ET Q q 0 0 0 rg BT 483.41 244.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 513.15 244.10 Td (that ) Tj ET Q q 0 0 0 rg BT 530.12 244.10 Td (constitute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 58.30 232.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 88.32 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.62 232.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 136.69 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.10 232.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 174.51 232.10 Td (under ) Tj ET Q q 0 0 0 rg BT 200.36 232.10 Td (management ) Tj ET Q q 0 0 0 rg BT 254.53 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.39 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.47 232.10 Td (T) Tj ET Q q 0 0 0 rg BT 286.22 232.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 306.81 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 324.33 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.62 232.10 Td (number ) Tj ET Q q 0 0 0 rg BT 373.25 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.66 232.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 409.96 232.10 Td (overseen ) Tj ET Q q 0 0 0 rg BT 448.58 232.10 Td (by ) Tj ET Q q 0 0 0 rg BT 461.66 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.96 232.10 Td (Board. ) Tj ET Q q 0 0 0 rg BT 506.76 232.10 Td (The ) Tj ET Q q 0 0 0 rg BT 525.39 232.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 552.91 232.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 220.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 78.46 220.10 Td (that ) Tj ET Q q 0 0 0 rg BT 96.15 220.10 Td (its ) Tj ET Q q 0 0 0 rg BT 108.30 220.10 Td (leadership ) Tj ET Q q 0 0 0 rg BT 152.09 220.10 Td (structure ) Tj ET Q q 0 0 0 rg BT 189.77 220.10 Td (facilitates ) Tj ET Q q 0 0 0 rg BT 231.34 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.25 220.10 Td (orderly ) Tj ET Q q 0 0 0 rg BT 277.83 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.97 220.10 Td (ef) Tj ET Q q 0 0 0 rg BT 302.55 220.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 330.79 220.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 351.82 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.85 220.10 Td (information ) Tj ET Q q 0 0 0 rg BT 412.76 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.23 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.15 220.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 490.08 220.10 Td (T) Tj ET Q q 0 0 0 rg BT 495.83 220.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 526.30 220.10 Td (from ) Tj ET Q q 0 0 0 rg BT 548.44 220.10 Td (Fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 208.10 Td (management. ) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 88.43 742.10 Td (information ) Tj ET Q q 0 0 0 rg BT 138.30 742.10 Td (about ) Tj ET Q q 0 0 0 rg BT 163.17 742.10 Td (each ) Tj ET Q q 0 0 0 rg BT 183.95 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 189.71 742.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 216.24 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.23 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.91 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 247.67 742.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 265.32 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 274.65 742.10 Td (set ) Tj ET Q q 0 0 0 rg BT 288.41 742.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 310.51 742.10 Td (below) Tj ET Q q 0 0 0 rg BT 334.30 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 339.26 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 357.46 742.10 Td (address ) Tj ET Q q 0 0 0 rg BT 390.11 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.10 742.10 Td (each ) Tj ET Q q 0 0 0 rg BT 421.88 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 427.63 742.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 454.17 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.15 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.83 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 485.59 742.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 503.25 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 512.57 742.10 Td (c/o ) Tj ET Q q 0 0 0 rg BT 527.45 742.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 547.89 742.10 Td (Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 72.72 730.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 95.78 730.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 134.66 730.10 Td (615 ) Tj ET Q q 0 0 0 rg BT 152.16 730.10 Td (E. ) Tj ET Q q 0 0 0 rg BT 163.26 730.10 Td (Michigan ) Tj ET Q q 0 0 0 rg BT 204.09 730.10 Td (Street, ) Tj ET Q q 0 0 0 rg BT 232.41 730.10 Td (Milwaukee, ) Tj ET Q q 0 0 0 rg BT 282.22 730.10 Td (WI ) Tj ET Q q 0 0 0 rg BT 297.49 730.10 Td (53202.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 37.5 713.6 m 37.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 713.6 m 148.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 37.5 713.6 m 148.5 713.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 37.5 652.6 m 148.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 713.6 m 148.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 713.6 m 214.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 713.6 m 214.5 713.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148.5 652.6 m 214.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 713.6 m 214.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 713.6 m 275.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 713.6 m 275.5 713.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 652.6 m 275.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 713.6 m 275.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 713.6 m 403.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 713.6 m 403.5 713.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275.5 652.6 m 403.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 713.6 m 403.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 713.6 m 478.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 713.6 m 478.5 713.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 652.6 m 478.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 713.6 m 478.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 573.5 713.6 m 573.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 713.6 m 573.5 713.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 652.6 m 573.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 37.5 652.6 m 37.5 638.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 37.5 652.6 m 148.5 652.6 l 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 324.17 Td (LLC \(since 2013\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 314.17 Td (Managing Director of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 304.17 Td (Index Services, Zacks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 294.17 Td (Investment Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 284.17 Td (\(201) Tj ET Q q 0 0 0 rg BT 300.46 284.17 Td (12013\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 344.17 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 344.17 Td (None) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 259.10 Td (Individual ) Tj ET Q q 0 0 0 rg BT 90.25 259.10 Td (T) Tj ET Q q 0 0 0 rg BT 96.17 259.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 125.26 259.10 Td (Qualifications. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.76 259.10 Td (The ) Tj ET Q q 0 0 0 rg BT 209.08 259.10 Td (T) Tj ET Q q 0 0 0 rg BT 214.84 259.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 232.83 259.10 Td (has ) Tj ET Q q 0 0 0 rg BT 249.15 259.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 293.23 259.10 Td (that ) Tj ET Q q 0 0 0 rg BT 311.22 259.10 Td (each ) Tj ET Q q 0 0 0 rg BT 332.53 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.85 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.84 259.10 Td (T) Tj ET Q q 0 0 0 rg BT 364.59 259.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 395.35 259.10 Td (should ) Tj ET Q q 0 0 0 rg BT 425.01 259.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 449.10 259.10 Td (on ) Tj ET Q q 0 0 0 rg BT 462.09 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.30 259.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 504.73 259.10 Td (because ) Tj ET Q q 0 0 0 rg BT 539.37 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.69 259.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 247.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 70.03 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 79.29 247.10 Td (review ) Tj ET Q q 0 0 0 rg BT 107.97 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.89 247.10 Td (understand ) Tj ET Q q 0 0 0 rg BT 169.25 247.10 Td (information ) Tj ET Q q 0 0 0 rg BT 217.94 247.10 Td (about ) Tj ET Q q 0 0 0 rg BT 241.63 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.33 247.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 277.37 247.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 314.39 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.65 247.10 Td (them ) Tj ET Q q 0 0 0 rg BT 345.12 247.10 Td (by ) Tj ET Q q 0 0 0 rg BT 356.60 247.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 411.67 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.92 247.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 453.51 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.42 247.10 Td (request ) Tj ET Q q 0 0 0 rg BT 499.78 247.10 Td (other ) Tj ET Q q 0 0 0 rg BT 521.80 247.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 235.10 Td (they ) Tj ET Q q 0 0 0 rg BT 62.95 235.10 Td (may ) Tj ET Q q 0 0 0 rg BT 82.91 235.10 Td (deem ) Tj ET Q q 0 0 0 rg BT 107.30 235.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 142.24 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.75 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.71 235.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 220.97 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.03 235.10 Td (their ) Tj ET Q q 0 0 0 rg BT 253.10 235.10 Td (duties, ) Tj ET Q q 0 0 0 rg BT 282.22 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.73 235.10 Td (question ) Tj ET Q q 0 0 0 rg BT 329.36 235.10 Td (management ) Tj ET Q q 0 0 0 rg BT 383.18 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.36 235.10 Td (other ) Tj ET Q q 0 0 0 rg BT 423.64 235.10 Td (service ) Tj ET Q q 0 0 0 rg BT 454.69 235.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 495.20 235.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 536.25 235.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 223.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 72.83 223.10 Td (bearing ) Tj ET Q q 0 0 0 rg BT 105.45 223.10 Td (on ) Tj ET Q q 0 0 0 rg BT 118.07 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.92 223.10 Td (management ) Tj ET Q q 0 0 0 rg BT 186.63 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.70 223.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 264.09 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.05 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.89 223.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 315.58 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.65 223.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.05 223.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 378.43 223.10 Td (their ) Tj ET Q q 0 0 0 rg BT 399.39 223.10 Td (business ) Tj ET Q q 0 0 0 rg BT 435.91 223.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 476.31 223.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.71 223.10 Td (a ) Tj ET Q q 0 0 0 rg BT 493.78 223.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 526.39 223.10 Td (that ) Tj ET Q q 0 0 0 rg BT 544.01 223.10 Td (serves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.45 211.10 Td (best ) Tj ET Q q 0 0 0 rg BT 75.80 211.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 111.36 211.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.93 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.39 211.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 159.73 211.10 Td (s ) Tj ET Q q 0 0 0 rg BT 165.86 211.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 220.97 211.10 Td (The ) Tj ET Q q 0 0 0 rg BT 238.59 211.10 Td (T) Tj ET Q q 0 0 0 rg BT 244.35 211.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 261.59 211.10 Td (has ) Tj ET Q q 0 0 0 rg BT 277.15 211.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 320.48 211.10 Td (that ) Tj ET Q q 0 0 0 rg BT 337.72 211.10 Td (each ) Tj ET Q q 0 0 0 rg BT 358.27 211.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.84 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.13 211.10 Td (T) Tj ET Q q 0 0 0 rg BT 388.89 211.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 418.89 211.10 Td (should ) Tj ET Q q 0 0 0 rg BT 447.80 211.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 471.14 211.10 Td (as ) Tj ET Q q 0 0 0 rg BT 481.71 211.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.22 211.10 Td (T) Tj ET Q q 0 0 0 rg BT 493.98 211.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 520.09 211.10 Td (based ) Tj ET Q q 0 0 0 rg BT 545.10 211.10 Td (on ) Tj ET Q q 0 0 0 rg BT 557.34 211.10 Td (his ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 199.10 Td (or ) Tj ET Q q 0 0 0 rg BT 53.83 199.10 Td (her ) Tj ET Q q 0 0 0 rg BT 69.10 199.10 Td (own ) Tj ET Q q 0 0 0 rg BT 88.82 199.10 Td (experience, ) Tj ET Q q 0 0 0 rg BT 137.12 199.10 Td (qualifications, ) Tj ET Q q 0 0 0 rg BT 196.55 199.10 Td (attributes ) Tj ET Q q 0 0 0 rg BT 236.26 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.20 199.10 Td (skills ) Tj ET Q q 0 0 0 rg BT 276.82 199.10 Td (as ) Tj ET Q q 0 0 0 rg BT 287.65 199.10 Td (described ) Tj ET Q q 0 0 0 rg BT 328.46 199.10 Td (below) Tj ET Q q 0 0 0 rg BT 352.25 199.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 181.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.76 181.10 Td (T) Tj ET Q q 0 0 0 rg BT 66.52 181.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 83.90 181.10 Td (has ) Tj ET Q q 0 0 0 rg BT 99.62 181.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 143.10 181.10 Td (that ) Tj ET Q q 0 0 0 rg BT 160.48 181.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 172.15 181.10 Td (. ) Tj ET Q q 0 0 0 rg BT 177.04 181.10 Td (Rush ) Tj ET Q q 0 0 0 rg BT 199.99 181.10 Td (should ) Tj ET Q q 0 0 0 rg BT 229.04 181.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 252.53 181.10 Td (as ) Tj ET Q q 0 0 0 rg BT 263.25 181.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.90 181.10 Td (T) Tj ET Q q 0 0 0 rg BT 275.66 181.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 301.92 181.10 Td (because ) Tj ET Q q 0 0 0 rg BT 335.95 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.67 181.10 Td (his ) Tj ET Q q 0 0 0 rg BT 360.73 181.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 405.89 181.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 441.05 181.10 Td (experience, ) Tj ET Q q 0 0 0 rg BT 489.24 181.10 Td (including ) Tj ET Q q 0 0 0 rg BT 529.40 181.10 Td (serving ) Tj ET Q q 0 0 0 rg BT 561.22 181.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 169.10 Td (several ) Tj ET Q q 0 0 0 rg BT 73.15 169.10 Td (dif) Tj ET Q q 0 0 0 rg BT 84.08 169.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 109.23 169.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 135.50 169.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 175.64 169.10 Td (roles ) Tj ET Q q 0 0 0 rg BT 196.91 169.10 Td (at ) Tj ET Q q 0 0 0 rg BT 205.96 169.10 Td (various ) Tj ET Q q 0 0 0 rg BT 237.24 169.10 Td (global ) Tj ET Q q 0 0 0 rg BT 264.06 169.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 300.88 169.10 Td (services ) Tj ET Q q 0 0 0 rg BT 334.92 169.10 Td (firms, ) Tj ET Q q 0 0 0 rg BT 360.36 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.63 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.68 169.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 435.82 169.10 Td (he ) Tj ET Q q 0 0 0 rg BT 447.09 169.10 Td (has ) Tj ET Q q 0 0 0 rg BT 462.25 169.10 Td (gained ) Tj ET Q q 0 0 0 rg BT 490.74 169.10 Td (as ) Tj ET Q q 0 0 0 rg BT 500.91 169.10 Td (serving ) Tj ET Q q 0 0 0 rg BT 532.18 169.10 Td (as ) Tj ET Q q 0 0 0 rg BT 542.34 169.10 Td (trustee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.28 157.10 Td (another ) Tj ET Q q 0 0 0 rg BT 85.21 157.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 131.04 157.10 Td (company ) Tj ET Q q 0 0 0 rg BT 169.64 157.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 189.37 157.10 Td (since ) Tj ET Q q 0 0 0 rg BT 211.86 157.10 Td (201) Tj ET Q q 0 0 0 rg BT 226.49 157.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 235.94 157.10 Td (He ) Tj ET Q q 0 0 0 rg BT 249.54 157.10 Td (most ) Tj ET Q q 0 0 0 rg BT 270.94 157.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 305.09 157.10 Td (served ) Tj ET Q q 0 0 0 rg BT 333.14 157.10 Td (as ) Tj ET Q q 0 0 0 rg BT 343.41 157.10 Td (Managing ) Tj ET Q q 0 0 0 rg BT 385.91 157.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 421.17 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.56 157.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 461.72 157.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 500.88 157.10 Td (Of) Tj ET Q q 0 0 0 rg BT 511.25 157.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 531.51 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.79 157.10 Td (Robert ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 145.10 Td (W) Tj ET Q q 0 0 0 rg BT 51.52 145.10 Td (. ) Tj ET Q q 0 0 0 rg BT 56.64 145.10 Td (Baird ) Tj ET Q q 0 0 0 rg BT 81.47 145.10 Td (& ) Tj ET Q q 0 0 0 rg BT 91.86 145.10 Td (Co. ) Tj ET Q q 0 0 0 rg BT 108.65 145.10 Td (Incorporated ) Tj ET Q q 0 0 0 rg BT 162.35 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.41 145.10 Td (several ) Tj ET Q q 0 0 0 rg BT 210.34 145.10 Td (other ) Tj ET Q q 0 0 0 rg BT 233.50 145.10 Td (af) Tj ET Q q 0 0 0 rg BT 241.09 145.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 272.02 145.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 303.52 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.58 145.10 Td (served ) Tj ET Q q 0 0 0 rg BT 349.29 145.10 Td (as ) Tj ET Q q 0 0 0 rg BT 360.24 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.88 145.10 Td (T) Tj ET Q q 0 0 0 rg BT 380.64 145.10 Td (reasurer ) Tj ET Q q 0 0 0 rg BT 415.45 145.10 Td (for ) Tj ET Q q 0 0 0 rg BT 429.73 145.10 Td (Baird ) Tj ET Q q 0 0 0 rg BT 454.56 145.10 Td (Funds. ) Tj ET Q q 0 0 0 rg BT 484.13 145.10 Td (He ) Tj ET Q q 0 0 0 rg BT 498.41 145.10 Td (also ) Tj ET Q q 0 0 0 rg BT 517.13 145.10 Td (served ) Tj ET Q q 0 0 0 rg BT 545.85 145.10 Td (as ) Tj ET Q q 0 0 0 rg BT 556.79 145.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 133.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 67.34 133.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 106.67 133.10 Td (Of) Tj ET Q q 0 0 0 rg BT 117.04 133.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 137.48 133.10 Td (for ) Tj ET Q q 0 0 0 rg BT 151.26 133.10 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 184.50 133.10 Td (Investments) Tj ET Q q 0 0 0 rg BT 235.41 133.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.53 133.10 Td (four ) Tj ET Q q 0 0 0 rg BT 256.31 133.10 Td (broker) Tj ET Q q 0 0 0 rg BT 282.21 133.10 Td (-dealers ) Tj ET Q q 0 0 0 rg BT 315.98 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.54 133.10 Td (has ) Tj ET Q q 0 0 0 rg BT 347.99 133.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 392.89 133.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 438.31 133.10 Td (with ) Tj ET Q q 0 0 0 rg BT 458.21 133.10 Td (mutual ) Tj ET Q q 0 0 0 rg BT 488.10 133.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 508.55 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.11 133.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 121.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 80.58 121.10 Td (or) Tj ET Q q 0 0 0 rg BT 88.73 121.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 137.40 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.98 121.10 Td (related ) Tj ET Q q 0 0 0 rg BT 185.32 121.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 233.18 121.10 Td (including ) Tj ET Q q 0 0 0 rg BT 273.86 121.10 Td (V) Tj ET Q q 0 0 0 rg BT 280.48 121.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 295.28 121.10 Td (President ) Tj ET Q q 0 0 0 rg BT 335.63 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.21 121.10 Td (Head ) Tj ET Q q 0 0 0 rg BT 377.44 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.91 121.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 440.37 121.10 Td (for ) Tj ET Q q 0 0 0 rg BT 455.16 121.10 Td (Fidelity ) Tj ET Q q 0 0 0 rg BT 489.41 121.10 Td (Investments, ) Tj ET Q q 0 0 0 rg BT 543.38 121.10 Td (a ) Tj ET Q q 0 0 0 rg BT 550.73 121.10 Td (V) Tj ET Q q 0 0 0 rg BT 557.35 121.10 Td (ice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 109.10 Td (President ) Tj ET Q q 0 0 0 rg BT 83.68 109.10 Td (at ) Tj ET Q q 0 0 0 rg BT 94.36 109.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 122.82 109.10 Td (Suisse ) Tj ET Q q 0 0 0 rg BT 151.84 109.10 Td (First ) Tj ET Q q 0 0 0 rg BT 173.65 109.10 Td (Boston, ) Tj ET Q q 0 0 0 rg BT 207.95 109.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.85 109.10 Td (Manager ) Tj ET Q q 0 0 0 rg BT 254.85 109.10 Td (with ) Tj ET Q q 0 0 0 rg BT 276.09 109.10 Td (Goldman ) Tj ET Q q 0 0 0 rg BT 316.77 109.10 Td (Sachs, ) Tj ET Q q 0 0 0 rg BT 346.07 109.10 Td (& ) Tj ET Q q 0 0 0 rg BT 357.31 109.10 Td (Co. ) Tj ET Q q 0 0 0 rg BT 374.94 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.84 109.10 Td (a ) Tj ET Q q 0 0 0 rg BT 400.75 109.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 430.32 109.10 Td (Manager ) Tj ET Q q 0 0 0 rg BT 469.32 109.10 Td (with ) Tj ET Q q 0 0 0 rg BT 490.56 109.10 Td (Deloitte ) Tj ET Q q 0 0 0 rg BT 526.24 109.10 Td (& ) Tj ET Q q 0 0 0 rg BT 537.23 109.10 Td (T) Tj ET Q q 0 0 0 rg BT 542.64 109.10 Td (ouche. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 97.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 54.67 97.10 Td (.Rush ) Tj ET Q q 0 0 0 rg BT 82.73 97.10 Td (has ) Tj ET Q q 0 0 0 rg BT 98.56 97.10 Td (been ) Tj ET Q q 0 0 0 rg BT 119.94 97.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 167.42 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.70 97.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 208.52 97.10 Td (as ) Tj ET Q q 0 0 0 rg BT 219.35 97.10 Td (an ) Tj ET Q q 0 0 0 rg BT 230.74 97.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 256.02 97.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 302.96 97.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 342.67 97.10 Td (Expert ) Tj ET Q q 0 0 0 rg BT 371.82 97.10 Td (for ) Tj ET Q q 0 0 0 rg BT 385.98 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.52 97.10 Td (T) Tj ET Q q 0 0 0 rg BT 406.28 97.10 Td (rust. ) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.45 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 66.21 742.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 83.26 742.10 Td (has ) Tj ET Q q 0 0 0 rg BT 98.64 742.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 141.79 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 158.84 742.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 170.51 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 175.06 742.10 Td (Massart ) Tj ET Q q 0 0 0 rg BT 208.77 742.10 Td (should ) Tj ET Q q 0 0 0 rg BT 237.49 742.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 260.64 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 271.03 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.37 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 283.12 742.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 309.05 742.10 Td (because ) Tj ET Q q 0 0 0 rg BT 342.75 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.13 742.10 Td (his ) Tj ET Q q 0 0 0 rg BT 366.86 742.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 411.68 742.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 446.51 742.10 Td (experience, ) Tj ET Q q 0 0 0 rg BT 494.37 742.10 Td (including ) Tj ET Q q 0 0 0 rg BT 534.19 742.10 Td (over ) Tj ET Q q 0 0 0 rg BT 554.01 742.10 Td (two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (decades ) Tj ET Q q 0 0 0 rg BT 76.21 730.10 Td (working ) Tj ET Q q 0 0 0 rg BT 111.10 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 130.44 730.10 Td (high ) Tj ET Q q 0 0 0 rg BT 149.78 730.10 Td (net ) Tj ET Q q 0 0 0 rg BT 163.56 730.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 188.45 730.10 Td (individuals, ) Tj ET Q q 0 0 0 rg BT 236.95 730.10 Td (families, ) Tj ET Q q 0 0 0 rg BT 273.23 730.10 Td (trusts, ) Tj ET Q q 0 0 0 rg BT 298.96 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.96 730.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 357.61 730.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 394.16 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.50 730.10 Td (make ) Tj ET Q q 0 0 0 rg BT 426.71 730.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 462.15 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.15 730.10 Td (tactical ) Tj ET Q q 0 0 0 rg BT 508.57 730.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 529.57 730.10 Td (allocation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (decisions, ) Tj ET Q q 0 0 0 rg BT 85.52 718.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 121.63 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.86 718.10 Td (select ) Tj ET Q q 0 0 0 rg BT 164.43 718.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 211.11 718.10 Td (managers, ) Tj ET Q q 0 0 0 rg BT 254.72 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.96 718.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 305.85 718.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 343.09 718.10 Td (client ) Tj ET Q q 0 0 0 rg BT 368.10 718.10 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 424.50 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.74 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.75 718.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 502.85 718.10 Td (he ) Tj ET Q q 0 0 0 rg BT 515.09 718.10 Td (has ) Tj ET Q q 0 0 0 rg BT 531.22 718.10 Td (gained ) Tj ET Q q 0 0 0 rg BT 560.68 718.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (serving ) Tj ET Q q 0 0 0 rg BT 75.14 706.10 Td (as ) Tj ET Q q 0 0 0 rg BT 86.16 706.10 Td (trustee ) Tj ET Q q 0 0 0 rg BT 115.51 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.54 706.10 Td (another ) Tj ET Q q 0 0 0 rg BT 159.22 706.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 205.80 706.10 Td (company ) Tj ET Q q 0 0 0 rg BT 245.15 706.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 265.63 706.10 Td (since ) Tj ET Q q 0 0 0 rg BT 288.87 706.10 Td (201) Tj ET Q q 0 0 0 rg BT 303.50 706.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 313.70 706.10 Td (He ) Tj ET Q q 0 0 0 rg BT 328.06 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 337.42 706.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 376.21 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.13 706.10 Td (President ) Tj ET Q q 0 0 0 rg BT 431.04 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.17 706.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 473.09 706.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 520.22 706.10 Td (Strategist ) Tj ET Q q 0 0 0 rg BT 560.69 706.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.35 694.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 77.83 694.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 119.39 694.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 165.41 694.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 201.98 694.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 221.33 694.10 Td (he ) Tj ET Q q 0 0 0 rg BT 232.91 694.10 Td (co-founded. ) Tj ET Q q 0 0 0 rg BT 283.08 694.10 Td (Previously) Tj ET Q q 0 0 0 rg BT 325.21 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 329.85 694.10 Td (he ) Tj ET Q q 0 0 0 rg BT 341.42 694.10 Td (served ) Tj ET Q q 0 0 0 rg BT 369.66 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 380.12 694.10 Td (Managing ) Tj ET Q q 0 0 0 rg BT 422.81 694.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 458.26 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.73 694.10 Td (Strong ) Tj ET Q q 0 0 0 rg BT 497.53 694.10 Td (Private ) Tj ET Q q 0 0 0 rg BT 527.99 694.10 Td (Client ) Tj ET Q q 0 0 0 rg BT 554.57 694.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 53.83 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 60.77 682.10 Td (Manager ) Tj ET Q q 0 0 0 rg BT 98.81 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.46 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 118.09 682.10 Td (ells ) Tj ET Q q 0 0 0 rg BT 134.48 682.10 Td (Far) Tj ET Q q 0 0 0 rg BT 147.63 682.10 Td (go ) Tj ET Q q 0 0 0 rg BT 160.13 682.10 Td (Investments, ) Tj ET Q q 0 0 0 rg BT 213.45 682.10 Td (LLC. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 664.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.23 664.10 Td (T) Tj ET Q q 0 0 0 rg BT 66.99 664.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 84.88 664.10 Td (has ) Tj ET Q q 0 0 0 rg BT 101.10 664.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 145.09 664.10 Td (that ) Tj ET Q q 0 0 0 rg BT 162.97 664.10 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 181.15 664.10 Td (Olsen ) Tj ET Q q 0 0 0 rg BT 207.37 664.10 Td (should ) Tj ET Q q 0 0 0 rg BT 236.93 664.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 260.92 664.10 Td (as ) Tj ET Q q 0 0 0 rg BT 272.15 664.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.27 664.10 Td (T) Tj ET Q q 0 0 0 rg BT 285.02 664.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 311.79 664.10 Td (because ) Tj ET Q q 0 0 0 rg BT 346.33 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.55 664.10 Td (her ) Tj ET Q q 0 0 0 rg BT 373.21 664.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 418.88 664.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 454.55 664.10 Td (experience, ) Tj ET Q q 0 0 0 rg BT 503.24 664.10 Td (including ) Tj ET Q q 0 0 0 rg BT 543.91 664.10 Td (over ) Tj ET Q q 0 0 0 rg BT 564.57 664.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 652.10 Td (decade ) Tj ET Q q 0 0 0 rg BT 73.61 652.10 Td (serving ) Tj ET Q q 0 0 0 rg BT 105.91 652.10 Td (as ) Tj ET Q q 0 0 0 rg BT 117.10 652.10 Td (a ) Tj ET Q q 0 0 0 rg BT 124.39 652.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 151.69 652.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 192.86 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.05 652.10 Td (an ) Tj ET Q q 0 0 0 rg BT 216.34 652.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 263.08 652.10 Td (management ) Tj ET Q q 0 0 0 rg BT 317.03 652.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 337.10 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.40 652.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.70 652.10 Td (related ) Tj ET Q q 0 0 0 rg BT 391.76 652.10 Td (public ) Tj ET Q q 0 0 0 rg BT 419.61 652.10 Td (company) Tj ET Q q 0 0 0 rg BT 455.61 652.10 Td (, ) Tj ET Q q 0 0 0 rg BT 460.97 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.27 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.34 652.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 539.50 652.10 Td (she ) Tj ET Q q 0 0 0 rg BT 555.69 652.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 640.10 Td (gained ) Tj ET Q q 0 0 0 rg BT 72.86 640.10 Td (by ) Tj ET Q q 0 0 0 rg BT 86.07 640.10 Td (serving ) Tj ET Q q 0 0 0 rg BT 118.71 640.10 Td (as ) Tj ET Q q 0 0 0 rg BT 130.25 640.10 Td (an ) Tj ET Q q 0 0 0 rg BT 142.89 640.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 184.41 640.10 Td (of) Tj ET Q q 0 0 0 rg BT 192.56 640.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 214.08 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.61 640.10 Td (another ) Tj ET Q q 0 0 0 rg BT 258.80 640.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 305.89 640.10 Td (company ) Tj ET Q q 0 0 0 rg BT 345.75 640.10 Td (from ) Tj ET Q q 0 0 0 rg BT 368.40 640.10 Td (2001 ) Tj ET Q q 0 0 0 rg BT 391.60 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.58 640.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 428.29 640.10 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 446.78 640.10 Td (Olsen ) Tj ET Q q 0 0 0 rg BT 473.31 640.10 Td (most ) Tj ET Q q 0 0 0 rg BT 495.97 640.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 531.38 640.10 Td (served ) Tj ET Q q 0 0 0 rg BT 560.68 640.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 628.10 Td (Managing ) Tj ET Q q 0 0 0 rg BT 86.24 628.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 122.24 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.37 628.10 Td (General ) Tj ET Q q 0 0 0 rg BT 173.71 628.10 Td (Counsel ) Tj ET Q q 0 0 0 rg BT 209.18 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.60 628.10 Td (Artisan ) Tj ET Q q 0 0 0 rg BT 251.73 628.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 287.19 628.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 321.54 628.10 Td (Partnership, ) Tj ET Q q 0 0 0 rg BT 372.28 628.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.41 628.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 421.52 628.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 468.09 628.10 Td (adviser ) Tj ET Q q 0 0 0 rg BT 499.66 628.10 Td (serving ) Tj ET Q q 0 0 0 rg BT 531.79 628.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 616.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 89.42 616.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 134.73 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.71 616.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 202.03 616.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 243.18 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.16 616.10 Td (several ) Tj ET Q q 0 0 0 rg BT 291.02 616.10 Td (af) Tj ET Q q 0 0 0 rg BT 298.60 616.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 329.46 616.10 Td (entities, ) Tj ET Q q 0 0 0 rg BT 363.39 616.10 Td (including ) Tj ET Q q 0 0 0 rg BT 403.70 616.10 Td (its ) Tj ET Q q 0 0 0 rg BT 415.69 616.10 Td (general ) Tj ET Q q 0 0 0 rg BT 447.66 616.10 Td (partner) Tj ET Q q 0 0 0 rg BT 475.57 616.10 Td (, ) Tj ET Q q 0 0 0 rg BT 480.05 616.10 Td (Artisan ) Tj ET Q q 0 0 0 rg BT 512.03 616.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 546.78 616.10 Td (Asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 604.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 97.70 604.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 115.47 604.10 Td (\(NYSE: ) Tj ET Q q 0 0 0 rg BT 149.64 604.10 Td (AP) Tj ET Q q 0 0 0 rg BT 161.51 604.10 Td (AM\), ) Tj ET Q q 0 0 0 rg BT 185.95 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.89 604.10 Td (as ) Tj ET Q q 0 0 0 rg BT 213.72 604.10 Td (an ) Tj ET Q q 0 0 0 rg BT 225.66 604.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 266.47 604.10 Td (of) Tj ET Q q 0 0 0 rg BT 274.62 604.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 295.43 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.71 604.10 Td (Artisan ) Tj ET Q q 0 0 0 rg BT 337.65 604.10 Td (Funds ) Tj ET Q q 0 0 0 rg BT 364.60 604.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 382.37 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.87 604.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.62 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 66.38 586.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 83.61 586.10 Td (has ) Tj ET Q q 0 0 0 rg BT 99.17 586.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 142.50 586.10 Td (that ) Tj ET Q q 0 0 0 rg BT 159.73 586.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 171.40 586.10 Td (. ) Tj ET Q q 0 0 0 rg BT 176.13 586.10 Td (Castino ) Tj ET Q q 0 0 0 rg BT 208.92 586.10 Td (should ) Tj ET Q q 0 0 0 rg BT 237.82 586.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 261.15 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 271.55 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 277.31 586.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 303.42 586.10 Td (because ) Tj ET Q q 0 0 0 rg BT 337.30 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.86 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.31 586.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 407.85 586.10 Td (he ) Tj ET Q q 0 0 0 rg BT 419.52 586.10 Td (gained ) Tj ET Q q 0 0 0 rg BT 448.40 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 458.97 586.10 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 500.63 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.20 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.49 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 531.24 586.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 548.48 586.10 Td (since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 574.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 67.21 574.10 Td (as ) Tj ET Q q 0 0 0 rg BT 77.24 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 83.39 574.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 109.53 574.10 Td (of) Tj ET Q q 0 0 0 rg BT 117.68 574.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 137.70 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.74 574.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 167.23 574.10 Td (Bancorp ) Tj ET Q q 0 0 0 rg BT 202.81 574.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 225.08 574.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 263.17 574.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 286.26 574.10 Td (d/b/a ) Tj ET Q q 0 0 0 rg BT 307.96 574.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 327.45 574.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 350.27 574.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 379.19 574.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 401.46 574.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 437.04 574.10 Td (\(Fund ) Tj ET Q q 0 0 0 rg BT 467.08 574.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 507.10 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 517.14 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.06 574.10 Td (T) Tj ET Q q 0 0 0 rg BT 541.25 574.10 Td (ransfer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 562.10 Td (Agent\) ) Tj ET Q q 0 0 0 rg BT 77.80 562.10 Td (since ) Tj ET Q q 0 0 0 rg BT 100.94 562.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 126.03 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.06 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.43 562.10 Td (his ) Tj ET Q q 0 0 0 rg BT 167.69 562.10 Td (past ) Tj ET Q q 0 0 0 rg BT 186.39 562.10 Td (roles ) Tj ET Q q 0 0 0 rg BT 208.42 562.10 Td (with ) Tj ET Q q 0 0 0 rg BT 228.79 562.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 275.27 562.10 Td (management ) Tj ET Q q 0 0 0 rg BT 328.95 562.10 Td (firms ) Tj ET Q q 0 0 0 rg BT 352.65 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.68 562.10 Td (indexing ) Tj ET Q q 0 0 0 rg BT 407.26 562.10 Td (firms ) Tj ET Q q 0 0 0 rg BT 430.96 562.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 468.55 562.10 Td (with ) Tj ET Q q 0 0 0 rg BT 488.92 562.10 Td (ETFs, ) Tj ET Q q 0 0 0 rg BT 515.68 562.10 Td (as ) Tj ET Q q 0 0 0 rg BT 526.60 562.10 Td (well ) Tj ET Q q 0 0 0 rg BT 546.41 562.10 Td (as ) Tj ET Q q 0 0 0 rg BT 557.33 562.10 Td (his ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 550.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 88.80 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 99.08 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.02 550.10 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 162.39 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.22 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.94 550.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 225.42 550.10 Td (services ) Tj ET Q q 0 0 0 rg BT 260.13 550.10 Td (industry) Tj ET Q q 0 0 0 rg BT 292.26 550.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 532.10 Td (In ) Tj ET Q q 0 0 0 rg BT 53.70 532.10 Td (its ) Tj ET Q q 0 0 0 rg BT 65.53 532.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 100.67 532.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 147.48 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.18 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.77 532.10 Td (ef) Tj ET Q q 0 0 0 rg BT 180.36 532.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 227.16 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.87 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.46 532.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 281.77 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.36 532.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 323.17 532.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 363.32 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.91 532.10 Td (complementary ) Tj ET Q q 0 0 0 rg BT 442.48 532.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 485.41 532.10 Td (skills ) Tj ET Q q 0 0 0 rg BT 508.90 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.71 532.10 Td (experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.69 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.26 520.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 111.00 520.10 Td (T) Tj ET Q q 0 0 0 rg BT 116.76 520.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 146.89 520.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 186.46 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.59 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.17 520.10 Td (broader ) Tj ET Q q 0 0 0 rg BT 244.06 520.10 Td (context ) Tj ET Q q 0 0 0 rg BT 275.86 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.55 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.12 520.10 Td (Board) Tj ET Q q 0 0 0 rg BT 328.34 520.10 Td (s ) Tj ET Q q 0 0 0 rg BT 334.59 520.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 364.71 520.10 Td (composition ) Tj ET Q q 0 0 0 rg BT 416.51 520.10 Td (so ) Tj ET Q q 0 0 0 rg BT 427.76 520.10 Td (that ) Tj ET Q q 0 0 0 rg BT 445.11 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.69 520.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 488.99 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 499.68 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 506.47 520.10 Td (body) Tj ET Q q 0 0 0 rg BT 525.82 520.10 Td (, ) Tj ET Q q 0 0 0 rg BT 530.68 520.10 Td (possesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.72 508.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 105.75 508.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 126.02 508.10 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 181.83 508.10 Td (diverse\) ) Tj ET Q q 0 0 0 rg BT 216.54 508.10 Td (skills ) Tj ET Q q 0 0 0 rg BT 240.15 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.09 508.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 302.89 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.17 508.10 Td (oversee ) Tj ET Q q 0 0 0 rg BT 346.21 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.92 508.10 Td (business ) Tj ET Q q 0 0 0 rg BT 397.32 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.15 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.86 508.10 Td (funds. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 490.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 72.17 490.10 Td (Committees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.26 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 128.08 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 146.13 490.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 173.06 490.10 Td (has ) Tj ET Q q 0 0 0 rg BT 188.89 490.10 Td (established ) Tj ET Q q 0 0 0 rg BT 235.83 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.54 490.10 Td (following ) Tj ET Q q 0 0 0 rg BT 291.93 490.10 Td (standing ) Tj ET Q q 0 0 0 rg BT 328.32 490.10 Td (committees ) Tj ET Q q 0 0 0 rg BT 376.92 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.75 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.46 490.10 Td (Board:) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 470.7669921875 m 112.4482421875 470.7669921875 l s q 0 0 0 rg BT 43.00 472.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 68.01 472.10 Td (Committee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.45 472.10 Td (. ) Tj ET Q q 0 0 0 rg BT 117.02 472.10 Td (The ) Tj ET Q q 0 0 0 rg BT 134.80 472.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 161.47 472.10 Td (has ) Tj ET Q q 0 0 0 rg BT 177.03 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 183.70 472.10 Td (standing ) Tj ET Q q 0 0 0 rg BT 219.32 472.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 244.33 472.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 291.00 472.10 Td (that ) Tj ET Q q 0 0 0 rg BT 308.23 472.10 Td (is ) Tj ET Q q 0 0 0 rg BT 317.13 472.10 Td (composed ) Tj ET Q q 0 0 0 rg BT 359.91 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.47 472.10 Td (each ) Tj ET Q q 0 0 0 rg BT 391.02 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.58 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.03 472.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 467.52 472.10 Td (T) Tj ET Q q 0 0 0 rg BT 473.28 472.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 503.28 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.84 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.13 472.10 Td (T) Tj ET Q q 0 0 0 rg BT 533.88 472.10 Td (rust. ) Tj ET Q q 0 0 0 rg BT 553.45 472.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 460.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 69.15 460.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 116.97 460.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 153.66 460.10 Td (under ) Tj ET Q q 0 0 0 rg BT 179.81 460.10 Td (a ) Tj ET Q q 0 0 0 rg BT 187.62 460.10 Td (written ) Tj ET Q q 0 0 0 rg BT 219.32 460.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 250.45 460.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 291.04 460.10 Td (by ) Tj ET Q q 0 0 0 rg BT 304.41 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.01 460.10 Td (Board. ) Tj ET Q q 0 0 0 rg BT 350.08 460.10 Td (The ) Tj ET Q q 0 0 0 rg BT 369.00 460.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 407.92 460.10 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 471.85 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.55 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.40 460.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 524.56 460.10 Td (Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 448.10 Td (include: ) Tj ET Q q 0 0 0 rg BT 77.67 448.10 Td (recommending ) Tj ET Q q 0 0 0 rg BT 140.10 448.10 Td (which ) Tj ET Q q 0 0 0 rg BT 167.00 448.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 186.67 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.90 448.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 227.67 448.10 Td (as ) Tj ET Q q 0 0 0 rg BT 238.46 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.13 448.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 276.47 448.10 Td (s ) Tj ET Q q 0 0 0 rg BT 282.82 448.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 334.14 448.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 376.02 448.10 Td (public ) Tj ET Q q 0 0 0 rg BT 403.47 448.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 449.80 448.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 469.47 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.36 448.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 521.03 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.26 448.10 Td (terminate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 436.10 Td (this ) Tj ET Q q 0 0 0 rg BT 60.21 436.10 Td (relationship; ) Tj ET Q q 0 0 0 rg BT 112.96 436.10 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 155.71 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.69 436.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 222.33 436.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 264.51 436.10 Td (public ) Tj ET Q q 0 0 0 rg BT 292.27 436.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 338.91 436.10 Td (firm) Tj ET Q q 0 0 0 rg BT 358.90 436.10 Td (s ) Tj ET Q q 0 0 0 rg BT 365.55 436.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 426.36 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.34 436.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 480.76 436.10 Td (scope ) Tj ET Q q 0 0 0 rg BT 506.29 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.49 436.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 548.47 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 559.57 436.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 424.10 Td (engagement, ) Tj ET Q q 0 0 0 rg BT 95.94 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 112.52 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.87 424.10 Td (firm) Tj ET Q q 0 0 0 rg BT 146.86 424.10 Td (s ) Tj ET Q q 0 0 0 rg BT 152.89 424.10 Td (independence; ) Tj ET Q q 0 0 0 rg BT 212.77 424.10 Td (pre-approving ) Tj ET Q q 0 0 0 rg BT 271.55 424.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 293.68 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.25 424.10 Td (non-audit ) Tj ET Q q 0 0 0 rg BT 350.71 424.10 Td (services ) Tj ET Q q 0 0 0 rg BT 385.05 424.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 422.73 424.10 Td (by ) Tj ET Q q 0 0 0 rg BT 434.87 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.22 424.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 472.56 424.10 Td (s ) Tj ET Q q 0 0 0 rg BT 478.58 424.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 529.59 424.10 Td (registered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 412.10 Td (public ) Tj ET Q q 0 0 0 rg BT 69.64 412.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 115.16 412.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 134.02 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.45 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.19 412.10 Td (T) Tj ET Q q 0 0 0 rg BT 162.95 412.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 179.60 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.68 412.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 224.53 412.10 Td (other ) Tj ET Q q 0 0 0 rg BT 246.73 412.10 Td (af) Tj ET Q q 0 0 0 rg BT 254.31 412.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 284.28 412.10 Td (entities; ) Tj ET Q q 0 0 0 rg BT 317.59 412.10 Td (serving ) Tj ET Q q 0 0 0 rg BT 348.67 412.10 Td (as ) Tj ET Q q 0 0 0 rg BT 358.65 412.10 Td (a ) Tj ET Q q 0 0 0 rg BT 364.74 412.10 Td (channel ) Tj ET Q q 0 0 0 rg BT 397.48 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.46 412.10 Td (communication ) Tj ET Q q 0 0 0 rg BT 471.31 412.10 Td (between ) Tj ET Q q 0 0 0 rg BT 506.27 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.14 412.10 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 400.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 85.28 400.10 Td (public ) Tj ET Q q 0 0 0 rg BT 113.14 400.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 159.87 400.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 179.94 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.24 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.11 400.10 Td (T) Tj ET Q q 0 0 0 rg BT 217.87 400.10 Td (rustees; ) Tj ET Q q 0 0 0 rg BT 251.27 400.10 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 294.12 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.19 400.10 Td (results ) Tj ET Q q 0 0 0 rg BT 338.16 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.35 400.10 Td (each ) Tj ET Q q 0 0 0 rg BT 370.52 400.10 Td (external ) Tj ET Q q 0 0 0 rg BT 405.58 400.10 Td (audit, ) Tj ET Q q 0 0 0 rg BT 430.94 400.10 Td (including ) Tj ET Q q 0 0 0 rg BT 471.57 400.10 Td (any ) Tj ET Q q 0 0 0 rg BT 488.87 400.10 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 546.16 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 556.79 400.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 388.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 93.49 388.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 134.53 388.10 Td (public ) Tj ET Q q 0 0 0 rg BT 161.14 388.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 206.63 388.10 Td (firm) Tj ET Q q 0 0 0 rg BT 226.62 388.10 Td (s ) Tj ET Q q 0 0 0 rg BT 232.13 388.10 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 266.80 388.10 Td (any ) Tj ET Q q 0 0 0 rg BT 282.86 388.10 Td (related ) Tj ET Q q 0 0 0 rg BT 311.68 388.10 Td (management ) Tj ET Q q 0 0 0 rg BT 364.38 388.10 Td (letter) Tj ET Q q 0 0 0 rg BT 384.52 388.10 Td (, ) Tj ET Q q 0 0 0 rg BT 388.64 388.10 Td (management) Tj ET Q q 0 0 0 rg BT 442.51 388.10 Td (s ) Tj ET Q q 0 0 0 rg BT 448.01 388.10 Td (responses ) Tj ET Q q 0 0 0 rg BT 488.51 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.91 388.10 Td (recommendations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 376.10 Td (made ) Tj ET Q q 0 0 0 rg BT 67.27 376.10 Td (by ) Tj ET Q q 0 0 0 rg BT 79.89 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.73 376.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 146.22 376.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 188.26 376.10 Td (public ) Tj ET Q q 0 0 0 rg BT 215.88 376.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 262.37 376.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 282.20 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 292.60 376.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 339.09 376.10 Td (with ) Tj ET Q q 0 0 0 rg BT 359.49 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.32 376.10 Td (audit, ) Tj ET Q q 0 0 0 rg BT 399.44 376.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 429.82 376.10 Td (submitted ) Tj ET Q q 0 0 0 rg BT 471.88 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.28 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.12 376.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 544.17 376.10 Td (by ) Tj ET Q q 0 0 0 rg BT 556.79 376.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 364.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 75.57 364.10 Td (auditing ) Tj ET Q q 0 0 0 rg BT 110.36 364.10 Td (department ) Tj ET Q q 0 0 0 rg BT 157.37 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.72 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.82 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 187.57 364.10 Td (rust) Tj ET Q q 0 0 0 rg BT 205.35 364.10 Td (s ) Tj ET Q q 0 0 0 rg BT 210.82 364.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 268.95 364.10 Td (that ) Tj ET Q q 0 0 0 rg BT 285.97 364.10 Td (are ) Tj ET Q q 0 0 0 rg BT 300.20 364.10 Td (material ) Tj ET Q q 0 0 0 rg BT 334.98 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.78 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.88 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 364.63 364.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 381.66 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 392.01 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.47 364.10 Td (whole, ) Tj ET Q q 0 0 0 rg BT 427.44 364.10 Td (if ) Tj ET Q q 0 0 0 rg BT 435.57 364.10 Td (any) Tj ET Q q 0 0 0 rg BT 449.36 364.10 Td (, ) Tj ET Q q 0 0 0 rg BT 453.88 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.34 364.10 Td (management) Tj ET Q q 0 0 0 rg BT 524.21 364.10 Td (s ) Tj ET Q q 0 0 0 rg BT 530.13 364.10 Td (responses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 53.46 352.10 Td (any ) Tj ET Q q 0 0 0 rg BT 70.58 352.10 Td (such ) Tj ET Q q 0 0 0 rg BT 91.59 352.10 Td (reports; ) Tj ET Q q 0 0 0 rg BT 124.82 352.10 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 167.48 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.38 352.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 205.72 352.10 Td (s ) Tj ET Q q 0 0 0 rg BT 212.29 352.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 244.41 352.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 282.07 352.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 326.96 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.08 352.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 393.42 352.10 Td (any ) Tj ET Q q 0 0 0 rg BT 410.53 352.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 455.43 352.10 Td (disputes ) Tj ET Q q 0 0 0 rg BT 490.89 352.10 Td (between ) Tj ET Q q 0 0 0 rg BT 526.88 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.59 352.10 Td (T) Tj ET Q q 0 0 0 rg BT 547.34 352.10 Td (rust) Tj ET Q q 0 0 0 rg BT 565.12 352.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 340.10 Td (management ) Tj ET Q q 0 0 0 rg BT 96.81 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.96 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.90 340.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 180.49 340.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 222.63 340.10 Td (public ) Tj ET Q q 0 0 0 rg BT 250.34 340.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 296.93 340.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 316.86 340.10 Td (that ) Tj ET Q q 0 0 0 rg BT 334.57 340.10 Td (arose ) Tj ET Q q 0 0 0 rg BT 358.39 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.89 340.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 415.48 340.10 Td (with ) Tj ET Q q 0 0 0 rg BT 435.97 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.91 340.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 499.15 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.20 340.10 Td (those ) Tj ET Q q 0 0 0 rg BT 534.03 340.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 328.10 Td (statements; ) Tj ET Q q 0 0 0 rg BT 92.13 328.10 Td (considering, ) Tj ET Q q 0 0 0 rg BT 145.42 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.34 328.10 Td (consultation ) Tj ET Q q 0 0 0 rg BT 210.35 328.10 Td (with ) Tj ET Q q 0 0 0 rg BT 232.27 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.62 328.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 301.63 328.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 345.19 328.10 Td (public ) Tj ET Q q 0 0 0 rg BT 374.33 328.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 422.34 328.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 443.69 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.27 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.32 328.10 Td (T) Tj ET Q q 0 0 0 rg BT 484.08 328.10 Td (rust) Tj ET Q q 0 0 0 rg BT 501.86 328.10 Td (s ) Tj ET Q q 0 0 0 rg BT 509.88 328.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 538.46 328.10 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 316.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 88.46 316.10 Td (executive, ) Tj ET Q q 0 0 0 rg BT 130.86 316.10 Td (if ) Tj ET Q q 0 0 0 rg BT 138.56 316.10 Td (any) Tj ET Q q 0 0 0 rg BT 152.35 316.10 Td (, ) Tj ET Q q 0 0 0 rg BT 156.44 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.25 316.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 220.71 316.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 261.73 316.10 Td (public ) Tj ET Q q 0 0 0 rg BT 288.31 316.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 333.78 316.10 Td (firms) Tj ET Q q 0 0 0 rg BT 357.47 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.06 316.10 Td (report ) Tj ET Q q 0 0 0 rg BT 384.53 316.10 Td (on ) Tj ET Q q 0 0 0 rg BT 396.12 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.93 316.10 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 449.28 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.20 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.89 316.10 Td (T) Tj ET Q q 0 0 0 rg BT 478.65 316.10 Td (rust) Tj ET Q q 0 0 0 rg BT 496.42 316.10 Td (s ) Tj ET Q q 0 0 0 rg BT 501.91 316.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 534.04 316.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 304.10 Td (controls; ) Tj ET Q q 0 0 0 rg BT 80.07 304.10 Td (reviewing, ) Tj ET Q q 0 0 0 rg BT 124.63 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.48 304.10 Td (consultation ) Tj ET Q q 0 0 0 rg BT 185.44 304.10 Td (with ) Tj ET Q q 0 0 0 rg BT 205.29 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.59 304.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 242.93 304.10 Td (s ) Tj ET Q q 0 0 0 rg BT 248.89 304.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 299.84 304.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 341.34 304.10 Td (public ) Tj ET Q q 0 0 0 rg BT 368.41 304.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 414.36 304.10 Td (firm, ) Tj ET Q q 0 0 0 rg BT 436.15 304.10 Td (major ) Tj ET Q q 0 0 0 rg BT 461.55 304.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 495.83 304.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 536.22 304.10 Td (auditing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 59.22 292.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 104.87 292.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 146.08 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.30 292.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 199.61 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.17 292.10 Td (be ) Tj ET Q q 0 0 0 rg BT 220.38 292.10 Td (followed ) Tj ET Q q 0 0 0 rg BT 257.71 292.10 Td (when ) Tj ET Q q 0 0 0 rg BT 281.15 292.10 Td (preparing ) Tj ET Q q 0 0 0 rg BT 321.24 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.24 292.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 358.58 292.10 Td (s ) Tj ET Q q 0 0 0 rg BT 364.25 292.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 401.01 292.10 Td (statements; ) Tj ET Q q 0 0 0 rg BT 447.78 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.99 292.10 Td (other ) Tj ET Q q 0 0 0 rg BT 486.32 292.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 508.09 292.10 Td (related ) Tj ET Q q 0 0 0 rg BT 537.07 292.10 Td (matters. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 280.10 Td (During ) Tj ET Q q 0 0 0 rg BT 73.83 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.55 280.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 112.70 280.10 Td (year ) Tj ET Q q 0 0 0 rg BT 132.41 280.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 158.79 280.10 Td (July ) Tj ET Q q 0 0 0 rg BT 177.96 280.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 192.96 280.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 217.96 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.12 280.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 257.40 280.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 304.34 280.10 Td (met ) Tj ET Q q 0 0 0 rg BT 321.83 280.10 Td (four ) Tj ET Q q 0 0 0 rg BT 340.99 280.10 Td (times.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 262.10 Td (The ) Tj ET Q q 0 0 0 rg BT 59.86 262.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 84.32 262.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 130.45 262.10 Td (also ) Tj ET Q q 0 0 0 rg BT 148.24 262.10 Td (serves ) Tj ET Q q 0 0 0 rg BT 174.91 262.10 Td (as ) Tj ET Q q 0 0 0 rg BT 184.93 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.83 262.10 Td (Qualified ) Tj ET Q q 0 0 0 rg BT 238.28 262.10 Td (Legal ) Tj ET Q q 0 0 0 rg BT 262.73 262.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 312.73 262.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 358.85 262.10 Td (\(QLCC\) ) Tj ET Q q 0 0 0 rg BT 402.75 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 416.09 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.87 262.10 Td (T) Tj ET Q q 0 0 0 rg BT 435.63 262.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 452.31 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 465.66 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.56 262.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 512.90 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.92 262.10 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 250.10 Td (with ) Tj ET Q q 0 0 0 rg BT 62.63 250.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 87.26 250.10 Td (205.2\(k\) ) Tj ET Q q 0 0 0 rg BT 123.27 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.56 250.10 Td (205.3\(c\) ) Tj ET Q q 0 0 0 rg BT 175.01 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.19 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.25 250.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 222.21 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.39 250.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 264.23 250.10 Td (Regulations, ) Tj ET Q q 0 0 0 rg BT 316.35 250.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 356.52 250.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 400.57 250.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 439.07 250.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 484.79 250.10 Td (for ) Tj ET Q q 0 0 0 rg BT 498.30 250.10 Td (attorneys ) Tj ET Q q 0 0 0 rg BT 536.81 250.10 Td (retained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 238.10 Td (or ) Tj ET Q q 0 0 0 rg BT 53.72 238.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 95.54 238.10 Td (by ) Tj ET Q q 0 0 0 rg BT 107.93 238.10 Td (an ) Tj ET Q q 0 0 0 rg BT 119.76 238.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 145.48 238.10 Td (who ) Tj ET Q q 0 0 0 rg BT 165.09 238.10 Td (appear ) Tj ET Q q 0 0 0 rg BT 194.12 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.95 238.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 244.98 238.10 Td (before ) Tj ET Q q 0 0 0 rg BT 272.91 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.51 238.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 308.24 238.10 Td (on ) Tj ET Q q 0 0 0 rg BT 320.63 238.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 348.01 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.73 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.33 238.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 399.05 238.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 416.99 238.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 447.14 238.10 Td (attorneys\). ) Tj ET Q q 0 0 0 rg BT 495.93 238.10 Td (An ) Tj ET Q q 0 0 0 rg BT 510.54 238.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 536.26 238.10 Td (attorney ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 226.10 Td (who ) Tj ET Q q 0 0 0 rg BT 62.52 226.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 99.81 226.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 125.98 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.61 226.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 174.45 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.08 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.82 226.10 Td (material ) Tj ET Q q 0 0 0 rg BT 226.88 226.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 264.74 226.10 Td (by ) Tj ET Q q 0 0 0 rg BT 277.04 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.39 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 297.15 226.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 316.95 226.10 Td (or ) Tj ET Q q 0 0 0 rg BT 327.58 226.10 Td (by ) Tj ET Q q 0 0 0 rg BT 339.88 226.10 Td (any ) Tj ET Q q 0 0 0 rg BT 356.63 226.10 Td (of) Tj ET Q q 0 0 0 rg BT 364.77 226.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 382.69 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 387.49 226.10 Td (director) Tj ET Q q 0 0 0 rg BT 418.19 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 422.99 226.10 Td (employee, ) Tj ET Q q 0 0 0 rg BT 466.66 226.10 Td (or ) Tj ET Q q 0 0 0 rg BT 477.29 226.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 501.25 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.88 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.24 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 531.99 226.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 551.80 226.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.10 Td (report ) Tj ET Q q 0 0 0 rg BT 68.62 214.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 105.89 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.96 214.10 Td (such ) Tj ET Q q 0 0 0 rg BT 136.03 214.10 Td (material ) Tj ET Q q 0 0 0 rg BT 170.53 214.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 207.82 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.34 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.29 214.10 Td (QLCC ) Tj ET Q q 0 0 0 rg BT 259.70 214.10 Td (as ) Tj ET Q q 0 0 0 rg BT 269.77 214.10 Td (an ) Tj ET Q q 0 0 0 rg BT 280.95 214.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 324.89 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.41 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.36 214.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 386.76 214.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 440.70 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.77 214.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 471.40 214.10 Td (205.3\(b\) ) Tj ET Q q 0 0 0 rg BT 507.30 214.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 536.80 214.10 Td (requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 82.16 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.43 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.15 202.10 Td (chief ) Tj ET Q q 0 0 0 rg BT 129.64 202.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 151.57 202.10 Td (of) Tj ET Q q 0 0 0 rg BT 159.72 202.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 180.53 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.47 202.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 242.74 202.10 Td (up ) Tj ET Q q 0 0 0 rg BT 259.68 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.40 202.10 Td (ladder ) Tj ET Q q 0 0 0 rg BT 306.32 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.60 202.10 Td (other ) Tj ET Q q 0 0 0 rg BT 339.65 202.10 Td (entities\). ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 182.76699218750002 m 137.83056640625 182.76699218750002 l s q 0 0 0 rg BT 43.00 184.10 Td (Nominating ) Tj ET Q q 0 0 0 rg BT 93.39 184.10 Td (Committee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.83 184.10 Td (. ) Tj ET Q q 0 0 0 rg BT 142.76 184.10 Td (The ) Tj ET Q q 0 0 0 rg BT 160.93 184.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 187.98 184.10 Td (has ) Tj ET Q q 0 0 0 rg BT 203.93 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 210.99 184.10 Td (standing ) Tj ET Q q 0 0 0 rg BT 247.49 184.10 Td (Nominating ) Tj ET Q q 0 0 0 rg BT 297.89 184.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 344.94 184.10 Td (that ) Tj ET Q q 0 0 0 rg BT 362.56 184.10 Td (is ) Tj ET Q q 0 0 0 rg BT 371.85 184.10 Td (composed ) Tj ET Q q 0 0 0 rg BT 415.01 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 425.96 184.10 Td (each ) Tj ET Q q 0 0 0 rg BT 446.89 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.84 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.68 184.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 524.53 184.10 Td (T) Tj ET Q q 0 0 0 rg BT 530.29 184.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 560.67 184.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 58.02 172.10 Td (T) Tj ET Q q 0 0 0 rg BT 63.78 172.10 Td (rust. ) Tj ET Q q 0 0 0 rg BT 84.08 172.10 Td (The ) Tj ET Q q 0 0 0 rg BT 102.65 172.10 Td (Nominating ) Tj ET Q q 0 0 0 rg BT 153.44 172.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 200.90 172.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 237.24 172.10 Td (under ) Tj ET Q q 0 0 0 rg BT 263.03 172.10 Td (a ) Tj ET Q q 0 0 0 rg BT 270.49 172.10 Td (written ) Tj ET Q q 0 0 0 rg BT 301.84 172.10 Td (charter ) Tj ET Q q 0 0 0 rg BT 332.61 172.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 372.84 172.10 Td (by ) Tj ET Q q 0 0 0 rg BT 385.86 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.10 172.10 Td (Board. ) Tj ET Q q 0 0 0 rg BT 430.84 172.10 Td (The ) Tj ET Q q 0 0 0 rg BT 449.41 172.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 487.97 172.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 545.44 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 556.79 172.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 160.10 Td (Nominating ) Tj ET Q q 0 0 0 rg BT 94.66 160.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 142.99 160.10 Td (is ) Tj ET Q q 0 0 0 rg BT 153.56 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.22 160.10 Td (consider) Tj ET Q q 0 0 0 rg BT 198.70 160.10 Td (, ) Tj ET Q q 0 0 0 rg BT 205.09 160.10 Td (recommend ) Tj ET Q q 0 0 0 rg BT 256.19 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.52 160.10 Td (nominate ) Tj ET Q q 0 0 0 rg BT 315.62 160.10 Td (candidates ) Tj ET Q q 0 0 0 rg BT 361.71 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.38 160.10 Td (fill ) Tj ET Q q 0 0 0 rg BT 388.94 160.10 Td (vacancies ) Tj ET Q q 0 0 0 rg BT 431.69 160.10 Td (on ) Tj ET Q q 0 0 0 rg BT 445.58 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.41 160.10 Td (T) Tj ET Q q 0 0 0 rg BT 467.17 160.10 Td (rust) Tj ET Q q 0 0 0 rg BT 484.94 160.10 Td (s ) Tj ET Q q 0 0 0 rg BT 492.73 160.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 523.56 160.10 Td (if ) Tj ET Q q 0 0 0 rg BT 533.56 160.10 Td (any) Tj ET Q q 0 0 0 rg BT 547.34 160.10 Td (. ) Tj ET Q q 0 0 0 rg BT 553.45 160.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 148.10 Td (Nominating ) Tj ET Q q 0 0 0 rg BT 94.28 148.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 142.22 148.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 182.92 148.10 Td (will ) Tj ET Q q 0 0 0 rg BT 201.98 148.10 Td (not ) Tj ET Q q 0 0 0 rg BT 218.27 148.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 255.65 148.10 Td (nominees ) Tj ET Q q 0 0 0 rg BT 297.48 148.10 Td (recommended ) Tj ET Q q 0 0 0 rg BT 357.62 148.10 Td (by ) Tj ET Q q 0 0 0 rg BT 371.12 148.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 427.41 148.10 Td (The ) Tj ET Q q 0 0 0 rg BT 446.46 148.10 Td (Nominating ) Tj ET Q q 0 0 0 rg BT 497.74 148.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 545.68 148.10 Td (meets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 136.10 Td (periodically) Tj ET Q q 0 0 0 rg BT 90.11 136.10 Td (, ) Tj ET Q q 0 0 0 rg BT 95.11 136.10 Td (as ) Tj ET Q q 0 0 0 rg BT 105.94 136.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 144.16 136.10 Td (. ) Tj ET Q q 0 0 0 rg BT 149.16 136.10 Td (During ) Tj ET Q q 0 0 0 rg BT 179.99 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.70 136.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 218.86 136.10 Td (year ) Tj ET Q q 0 0 0 rg BT 238.57 136.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 264.94 136.10 Td (July ) Tj ET Q q 0 0 0 rg BT 284.11 136.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 299.11 136.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 324.11 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.83 136.10 Td (Nominating ) Tj ET Q q 0 0 0 rg BT 389.10 136.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 436.04 136.10 Td (did ) Tj ET Q q 0 0 0 rg BT 451.32 136.10 Td (not ) Tj ET Q q 0 0 0 rg BT 466.60 136.10 Td (meet.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 241.25 Td (As ) Tj ET Q q 0 0 0 rg BT 56.61 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 67.44 241.25 Td (the ) Tj ET Q q 0 0 0 rg BT 82.16 241.25 Td (date ) Tj ET Q q 0 0 0 rg BT 101.32 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 112.15 241.25 Td (this ) Tj ET Q q 0 0 0 rg BT 129.09 241.25 Td (SAI, ) Tj ET Q q 0 0 0 rg BT 150.21 241.25 Td (no ) Tj ET Q q 0 0 0 rg BT 162.53 241.25 Td (T) Tj ET Q q 0 0 0 rg BT 168.28 241.25 Td (rustee ) Tj ET Q q 0 0 0 rg BT 194.66 241.25 Td (or ) Tj ET Q q 0 0 0 rg BT 205.49 241.25 Td (of) Tj ET Q q 0 0 0 rg BT 213.64 241.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 234.46 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.29 241.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.82 241.25 Td (T) Tj ET Q q 0 0 0 rg BT 265.58 241.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 283.08 241.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 312.24 241.25 Td (Shares.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 223.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 72.03 223.25 Td (Compensation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.20 223.25 Td ( ) Tj ET Q q 0 0 0 rg BT 138.39 223.25 Td (The ) Tj ET Q q 0 0 0 rg BT 156.30 223.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 207.91 223.25 Td (T) Tj ET Q q 0 0 0 rg BT 213.67 223.25 Td (rustees ) Tj ET Q q 0 0 0 rg BT 243.79 223.25 Td (each ) Tj ET Q q 0 0 0 rg BT 264.47 223.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 295.69 223.25 Td (an ) Tj ET Q q 0 0 0 rg BT 307.48 223.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 336.50 223.25 Td (trustee ) Tj ET Q q 0 0 0 rg BT 365.51 223.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 380.08 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 390.76 223.25 Td ($140,000 ) Tj ET Q q 0 0 0 rg BT 430.62 223.25 Td (for ) Tj ET Q q 0 0 0 rg BT 444.64 223.25 Td (attendance ) Tj ET Q q 0 0 0 rg BT 489.75 223.25 Td (at ) Tj ET Q q 0 0 0 rg BT 499.32 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.90 223.25 Td (four ) Tj ET Q q 0 0 0 rg BT 532.92 223.25 Td (regularly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 211.25 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 85.22 211.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 123.55 211.25 Td (meetings ) Tj ET Q q 0 0 0 rg BT 161.88 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.56 211.25 Td (one ) Tj ET Q q 0 0 0 rg BT 195.23 211.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 224.12 211.25 Td (meeting, ) Tj ET Q q 0 0 0 rg BT 261.06 211.25 Td (if ) Tj ET Q q 0 0 0 rg BT 269.41 211.25 Td (necessary) Tj ET Q q 0 0 0 rg BT 307.62 211.25 Td (, ) Tj ET Q q 0 0 0 rg BT 312.36 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 329.03 211.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 360.13 211.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 402.35 211.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 460.13 211.25 Td (for ) Tj ET Q q 0 0 0 rg BT 474.02 211.25 Td (each ) Tj ET Q q 0 0 0 rg BT 494.57 211.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 536.79 211.25 Td (meeting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 199.25 Td (attended ) Tj ET Q q 0 0 0 rg BT 79.50 199.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.46 199.25 Td ($2,000, ) Tj ET Q q 0 0 0 rg BT 123.09 199.25 Td (as ) Tj ET Q q 0 0 0 rg BT 134.05 199.25 Td (well ) Tj ET Q q 0 0 0 rg BT 153.89 199.25 Td (as ) Tj ET Q q 0 0 0 rg BT 164.85 199.25 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 227.46 199.25 Td (for ) Tj ET Q q 0 0 0 rg BT 241.75 199.25 Td (travel ) Tj ET Q q 0 0 0 rg BT 267.14 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.21 199.25 Td (other ) Tj ET Q q 0 0 0 rg BT 307.38 199.25 Td (out-of-pocket ) Tj ET Q q 0 0 0 rg BT 364.43 199.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 403.16 199.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 439.10 199.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.51 199.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 496.01 199.25 Td (with ) Tj ET Q q 0 0 0 rg BT 516.42 199.25 Td (attendance ) Tj ET Q q 0 0 0 rg BT 561.80 199.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 187.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 69.66 187.25 Td (meetings. ) Tj ET Q q 0 0 0 rg BT 110.49 187.25 Td ( ) Tj ET Q q 0 0 0 rg BT 112.55 187.25 Td (The ) Tj ET Q q 0 0 0 rg BT 130.32 187.25 Td (Lead ) Tj ET Q q 0 0 0 rg BT 152.53 187.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 204.02 187.25 Td (T) Tj ET Q q 0 0 0 rg BT 209.77 187.25 Td (rustee ) Tj ET Q q 0 0 0 rg BT 235.87 187.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 270.85 187.25 Td (an ) Tj ET Q q 0 0 0 rg BT 282.51 187.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 324.72 187.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 353.60 187.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 368.03 187.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.59 187.25 Td ($10,000. ) Tj ET Q q 0 0 0 rg BT 415.65 187.25 Td (The ) Tj ET Q q 0 0 0 rg BT 433.42 187.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 475.08 187.25 Td (of ) Tj ET Q q 0 0 0 rg BT 485.63 187.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.58 187.25 Td (Audit ) Tj ET Q q 0 0 0 rg BT 524.58 187.25 Td (Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 175.25 Td (receives ) Tj ET Q q 0 0 0 rg BT 78.25 175.25 Td (an ) Tj ET Q q 0 0 0 rg BT 90.19 175.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 132.68 175.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 161.84 175.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 176.54 175.25 Td (of ) Tj ET Q q 0 0 0 rg BT 187.38 175.25 Td ($8,000. ) Tj ET Q q 0 0 0 rg BT 219.69 175.25 Td (The ) Tj ET Q q 0 0 0 rg BT 237.56 175.25 Td (T) Tj ET Q q 0 0 0 rg BT 243.32 175.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 260.82 175.25 Td (has ) Tj ET Q q 0 0 0 rg BT 276.65 175.25 Td (no ) Tj ET Q q 0 0 0 rg BT 289.15 175.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 322.76 175.25 Td (or ) Tj ET Q q 0 0 0 rg BT 333.59 175.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 377.17 175.25 Td (plan.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.30 742.10 Td (following ) Tj ET Q q 0 0 0 rg BT 100.93 742.10 Td (table ) Tj ET Q q 0 0 0 rg BT 122.12 742.10 Td (shows ) Tj ET Q q 0 0 0 rg BT 148.87 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.84 742.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 202.91 742.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 260.20 742.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 297.48 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.01 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 318.20 742.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 346.59 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 358.34 742.10 Td (each ) Tj ET Q q 0 0 0 rg BT 378.28 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 384.04 742.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 409.66 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 423.07 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.04 742.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 460.38 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 466.02 742.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 489.42 742.10 Td (year ) Tj ET Q q 0 0 0 rg BT 508.38 742.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 537.35 742.10 Td (July31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (2020. ) Tj ET Q q 0 0 0 rg BT 68.23 730.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 120.19 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 125.94 730.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 152.55 730.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 171.38 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 186.32 730.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 206.27 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 219.00 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.34 730.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 267.73 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.24 730.10 Td (each ) Tj ET Q q 0 0 0 rg BT 299.29 730.10 Td (series ) Tj ET Q q 0 0 0 rg BT 324.79 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.85 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.60 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 356.36 730.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 374.09 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.26 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 406.77 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 419.50 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.45 730.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 460.04 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 465.80 730.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 492.41 730.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 550.68 730.10 Td (does ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 58.28 718.10 Td (include ) Tj ET Q q 0 0 0 rg BT 90.21 718.10 Td (reimbursed ) Tj ET Q q 0 0 0 rg BT 137.70 718.10 Td (out-of-pocket ) Tj ET Q q 0 0 0 rg BT 194.62 718.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 233.22 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.50 718.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 289.87 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 310.15 718.10 Td (attendance ) Tj ET Q q 0 0 0 rg BT 355.40 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 365.11 718.10 Td (meetings.) Tj ET Q 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 701.6 m 42.5 679.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 701.6 m 247.5 679.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 701.6 m 247.5 701.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 679.6 m 247.5 679.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 701.6 m 247.5 679.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 701.6 m 388.5 679.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 701.6 m 388.5 701.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 679.6 m 388.5 679.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 701.6 m 388.5 679.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 568.5 701.6 m 568.5 679.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 701.6 m 568.5 701.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 679.6 m 568.5 679.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 679.6 m 42.5 663.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 679.6 m 247.5 679.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 663.6 m 247.5 663.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 679.6 m 388.5 679.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 663.6 m 388.5 663.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 568.5 679.6 m 568.5 663.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 679.6 m 568.5 679.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 663.6 m 568.5 663.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 663.6 m 42.5 647.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 663.6 m 247.5 647.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 663.6 m 247.5 663.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 647.6 m 247.5 647.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 663.6 m 247.5 647.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 663.6 m 388.5 647.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 663.6 m 388.5 663.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 647.6 m 388.5 647.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 663.6 m 388.5 647.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 568.5 663.6 m 568.5 647.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 663.6 m 568.5 663.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 647.6 m 568.5 647.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 647.6 m 42.5 631.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 647.6 m 247.5 647.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 631.6 m 247.5 631.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 647.6 m 388.5 647.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 631.6 m 388.5 631.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 568.5 647.6 m 568.5 631.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 647.6 m 568.5 647.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 631.6 m 568.5 631.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 631.6 m 42.5 615.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 631.6 m 247.5 615.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 631.6 m 247.5 631.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 615.6 m 247.5 615.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 631.6 m 247.5 615.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 631.6 m 388.5 615.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 631.6 m 388.5 631.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 615.6 m 388.5 615.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 631.6 m 388.5 615.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 568.5 631.6 m 568.5 615.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 631.6 m 568.5 631.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 615.6 m 568.5 615.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 615.6 m 42.5 599.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 615.6 m 247.5 599.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 615.6 m 247.5 615.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 599.6 m 247.5 599.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 615.6 m 247.5 599.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 615.6 m 388.5 599.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 615.6 m 388.5 615.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 599.6 m 388.5 599.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 615.6 m 388.5 599.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 568.5 615.6 m 568.5 599.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 615.6 m 568.5 615.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 599.6 m 568.5 599.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 599.6 m 42.5 583.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 599.6 m 247.5 583.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 599.6 m 247.5 599.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 42.5 583.6 m 247.5 583.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 599.6 m 247.5 583.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 599.6 m 388.5 583.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 599.6 m 388.5 599.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 583.6 m 388.5 583.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 599.6 m 388.5 583.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 568.5 599.6 m 568.5 583.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 599.6 m 568.5 599.6 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388.5 583.6 m 568.5 583.6 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 132.10 684.06 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 134.35 684.06 Td (Name) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 257.15 693.00 Td (Aggr) Tj ET Q q 0 0 0 rg BT 276.56 693.00 Td (egate Compensation Fr) Tj ET Q q 0 0 0 rg BT 365.89 693.00 Td (om) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 307.20 684.00 Td (Fund) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 397.70 693.00 Td (T) Tj ET Q q 0 0 0 rg BT 402.88 693.00 Td (otal Compensation Fr) Tj ET Q q 0 0 0 rg BT 486.71 693.00 Td (om Fund Complex) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 447.15 684.00 Td (Paid to ) Tj ET Q q 0 0 0 rg BT 476.49 684.00 Td (T) Tj ET Q q 0 0 0 rg BT 481.82 684.00 Td (rustees) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 45.00 669.55 Td (Inter) Tj ET Q q 0 0 0 rg BT 64.41 669.55 Td (ested ) Tj ET Q q 0 0 0 rg BT 85.99 669.55 Td (T) Tj ET Q q 0 0 0 rg BT 91.58 669.55 Td (rustee) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 45.00 653.46 Td (Michael ) Tj ET Q q 0 0 0 rg BT 76.49 653.46 Td (A. 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rg BT 379.09 536.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 401.17 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.24 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.21 536.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 458.51 536.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 500.02 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.09 536.10 Td (a ) Tj ET Q q 0 0 0 rg BT 520.28 536.10 Td (company ) Tj ET Q q 0 0 0 rg BT 560.68 536.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 524.10 Td (acknowledges ) Tj ET Q q 0 0 0 rg BT 102.32 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.21 524.10 Td (existence ) Tj ET Q q 0 0 0 rg BT 157.08 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.08 524.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 201.58 524.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 256.46 524.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 289.13 524.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 317.36 524.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 357.80 524.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.25 524.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 397.02 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.02 524.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 429.02 524.10 Td (may ) Tj ET Q q 0 0 0 rg BT 448.91 524.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 491.57 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.46 524.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 543.56 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 554.56 524.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 512.10 Td (matter ) Tj ET Q q 0 0 0 rg BT 71.22 512.10 Td (af) Tj ET Q q 0 0 0 rg BT 78.81 512.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 109.25 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 126.37 512.10 Td (voted ) Tj ET Q q 0 0 0 rg BT 151.27 512.10 Td (on ) Tj ET Q q 0 0 0 rg BT 163.95 512.10 Td (by ) Tj ET Q q 0 0 0 rg BT 176.63 512.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 229.85 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.86 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.76 512.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 281.50 512.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 317.50 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.39 512.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 355.64 512.10 Td (is ) Tj ET Q q 0 0 0 rg BT 364.99 512.10 Td (new ) Tj ET Q q 0 0 0 rg BT 384.33 512.10 Td (there ) Tj ET Q q 0 0 0 rg BT 406.99 512.10 Td (were ) Tj ET Q q 0 0 0 rg BT 429.10 512.10 Td (no ) Tj ET Q q 0 0 0 rg BT 441.78 512.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 483.88 512.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 515.45 512.10 Td (as ) Tj ET Q q 0 0 0 rg BT 526.46 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 537.47 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 552.37 512.10 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.83 500.10 Td (this ) Tj ET Q q 0 0 0 rg BT 70.78 500.10 Td (SAI.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 482.10 Td (C) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.22 482.10 Td (ODES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.73 482.10 Td ( O) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.01 482.10 Td (F) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.51 482.10 Td ( E) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 99.68 482.10 Td (THICS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 464.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.85 464.10 Td (T) Tj ET Q q 0 0 0 rg BT 66.61 464.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 86.59 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.75 464.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 132.01 464.10 Td (, ) Tj ET Q q 0 0 0 rg BT 136.99 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.70 464.10 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 201.85 464.10 Td (, ) Tj ET Q q 0 0 0 rg BT 206.83 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.76 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.46 464.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 284.83 464.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 298.98 464.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 331.45 464.10 Td (under ) Tj ET Q q 0 0 0 rg BT 356.70 464.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 361.13916015625 462.7669921875 m 423.05810546875 462.7669921875 l s q 0 0 0 rg BT 361.14 464.10 Td (The ) Tj ET Q q 0 0 0 rg BT 379.17 464.10 Td (Distributor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.06 464.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 433.31 464.10 Td (have ) Tj ET Q q 0 0 0 rg BT 454.67 464.10 Td (each ) Tj ET Q q 0 0 0 rg BT 475.48 464.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 509.62 464.10 Td (codes ) Tj ET Q q 0 0 0 rg BT 534.87 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 545.69 464.10 Td (ethics ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 452.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 79.84 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.03 452.10 Td (Rule17j-1 ) Tj ET Q q 0 0 0 rg BT 134.93 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.67 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.29 452.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 182.17 452.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 201.34 452.10 Td (These ) Tj ET Q q 0 0 0 rg BT 227.62 452.10 Td (codes ) Tj ET Q q 0 0 0 rg BT 252.79 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.53 452.10 Td (ethics ) Tj ET Q q 0 0 0 rg BT 289.26 452.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.87 452.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 341.83 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.01 452.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 384.40 452.10 Td (af) Tj ET Q q 0 0 0 rg BT 391.99 452.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 422.72 452.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 455.68 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.41 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.86 452.10 Td (T) Tj ET Q q 0 0 0 rg BT 486.62 452.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 506.52 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.62 452.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 551.88 452.10 Td (, ) Tj ET Q q 0 0 0 rg BT 556.78 452.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 440.10 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 93.15 440.10 Td (, ) Tj ET Q q 0 0 0 rg BT 97.90 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.59 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.06 440.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 175.19 440.10 Td (from ) Tj ET Q q 0 0 0 rg BT 196.88 440.10 Td (engaging ) Tj ET Q q 0 0 0 rg BT 235.79 440.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.82 440.10 Td (deceptive, ) Tj ET Q q 0 0 0 rg BT 288.88 440.10 Td (manipulative ) Tj ET Q q 0 0 0 rg BT 343.33 440.10 Td (or ) Tj ET Q q 0 0 0 rg BT 353.91 440.10 Td (fraudulent ) Tj ET Q q 0 0 0 rg BT 397.26 440.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 435.61 440.10 Td (in ) Tj ET Q q 0 0 0 rg BT 445.63 440.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 491.76 440.10 Td (with ) Tj ET Q q 0 0 0 rg BT 511.78 440.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 551.80 440.10 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 428.10 Td (or ) Tj ET Q q 0 0 0 rg BT 53.05 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 62.56 428.10 Td (be ) Tj ET Q q 0 0 0 rg BT 73.72 428.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 109.87 428.10 Td (by ) Tj ET Q q 0 0 0 rg BT 121.59 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.53 428.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 157.81 428.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 187.31 428.10 Td (may ) Tj ET Q q 0 0 0 rg BT 206.25 428.10 Td (also ) Tj ET Q q 0 0 0 rg BT 224.08 428.10 Td (be ) Tj ET Q q 0 0 0 rg BT 235.24 428.10 Td (held ) Tj ET Q q 0 0 0 rg BT 254.18 428.10 Td (by ) Tj ET Q q 0 0 0 rg BT 265.91 428.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 298.18 428.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 328.23 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.73 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.67 428.10 Td (codes ) Tj ET Q q 0 0 0 rg BT 376.16 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.22 428.10 Td (ethics\). ) Tj ET Q q 0 0 0 rg BT 417.10 428.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 438.81 428.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 461.64 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.69 428.10 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 498.41 428.10 Td (permits ) Tj ET Q q 0 0 0 rg BT 530.13 428.10 Td (personnel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 416.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 74.04 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.54 416.10 Td (that ) Tj ET Q q 0 0 0 rg BT 102.26 416.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 126.09 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.14 416.10 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 164.85 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.35 416.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 201.96 416.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.45 416.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 252.94 416.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.32 416.10 Td (their ) Tj ET Q q 0 0 0 rg BT 288.36 416.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 324.96 416.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 371.56 416.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 411.76 416.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 442.81 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.31 416.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 483.23 416.10 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 531.23 416.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 404.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 88.28 404.10 Td (related ) Tj ET Q q 0 0 0 rg BT 117.98 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.26 404.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 168.52 404.10 Td (that ) Tj ET Q q 0 0 0 rg BT 186.02 404.10 Td (may ) Tj ET Q q 0 0 0 rg BT 205.73 404.10 Td (be ) Tj ET Q q 0 0 0 rg BT 217.67 404.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 260.71 404.10 Td (or ) Tj ET Q q 0 0 0 rg BT 271.54 404.10 Td (held ) Tj ET Q q 0 0 0 rg BT 291.26 404.10 Td (by ) Tj ET Q q 0 0 0 rg BT 303.76 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.47 404.10 Td (Fund.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 386.10 Td (There ) Tj ET Q q 0 0 0 rg BT 68.30 386.10 Td (can ) Tj ET Q q 0 0 0 rg BT 84.16 386.10 Td (be ) Tj ET Q q 0 0 0 rg BT 95.58 386.10 Td (no ) Tj ET Q q 0 0 0 rg BT 107.56 386.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 148.41 386.10 Td (that ) Tj ET Q q 0 0 0 rg BT 165.38 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.58 386.10 Td (codes ) Tj ET Q q 0 0 0 rg BT 204.33 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.64 386.10 Td (ethics ) Tj ET Q q 0 0 0 rg BT 239.95 386.10 Td (will ) Tj ET Q q 0 0 0 rg BT 257.49 386.10 Td (be ) Tj ET Q q 0 0 0 rg BT 268.91 386.10 Td (ef) Tj ET Q q 0 0 0 rg BT 276.49 386.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 305.68 386.10 Td (in ) Tj ET Q q 0 0 0 rg BT 315.44 386.10 Td (preventing ) Tj ET Q q 0 0 0 rg BT 360.18 386.10 Td (such ) Tj ET Q q 0 0 0 rg BT 380.49 386.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 421.07 386.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 443.04 386.10 Td (code ) Tj ET Q q 0 0 0 rg BT 463.90 386.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.21 386.10 Td (ethics ) Tj ET Q q 0 0 0 rg BT 499.52 386.10 Td (may ) Tj ET Q q 0 0 0 rg BT 518.72 386.10 Td (be ) Tj ET Q q 0 0 0 rg BT 530.14 386.10 Td (examined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 374.10 Td (at ) Tj ET Q q 0 0 0 rg BT 52.72 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 67.43 374.10 Td (of) Tj ET Q q 0 0 0 rg BT 75.58 374.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 93.07 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.90 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.62 374.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 139.46 374.10 Td (in ) Tj ET Q q 0 0 0 rg BT 149.55 374.10 Td (W) Tj ET Q q 0 0 0 rg BT 158.19 374.10 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 202.08 374.10 Td (D.C. ) Tj ET Q q 0 0 0 rg BT 223.47 374.10 Td (or ) Tj ET Q q 0 0 0 rg BT 234.30 374.10 Td (on ) Tj ET Q q 0 0 0 rg BT 246.80 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.52 374.10 Td (Internet ) Tj ET Q q 0 0 0 rg BT 295.11 374.10 Td (at ) Tj ET Q q 0 0 0 rg BT 304.83 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.54 374.10 Td (SEC) Tj ET Q q 0 0 0 rg BT 340.66 374.10 Td (s ) Tj ET Q q 0 0 0 rg BT 347.05 374.10 Td (website ) Tj ET Q q 0 0 0 rg BT 380.10 374.10 Td (at ) Tj ET Q q 0 0 0 rg BT 389.82 374.10 Td (http://www) Tj ET Q q 0 0 0 rg BT 434.72 374.10 Td (.sec.gov) Tj ET Q q 0 0 0 rg BT 466.84 374.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 356.10 Td (P) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.11 356.10 Td (ROXY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.61 356.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.93 356.10 Td (V) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 85.15 356.10 Td (OTING ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.40 356.10 Td (P) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 123.51 356.10 Td (OLICIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 338.10 Td (The ) Tj ET Q q 0 0 0 rg BT 63.47 338.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 88.95 338.10 Td (has ) Tj ET Q q 0 0 0 rg BT 107.21 338.10 Td (delegated ) Tj ET Q q 0 0 0 rg BT 150.44 338.10 Td (proxy ) Tj ET Q q 0 0 0 rg BT 178.69 338.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 209.17 338.10 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 274.65 338.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.35 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.40 338.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 334.66 338.10 Td (, ) Tj ET Q q 0 0 0 rg BT 342.08 338.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 375.33 338.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.03 338.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.17 338.10 Td (Board) Tj ET Q q 0 0 0 rg BT 432.39 338.10 Td (s ) Tj ET Q q 0 0 0 rg BT 441.20 338.10 Td (oversight. ) Tj ET Q q 0 0 0 rg BT 485.84 338.10 Td (In ) Tj ET Q q 0 0 0 rg BT 499.10 338.10 Td (delegating ) Tj ET Q q 0 0 0 rg BT 545.67 338.10 Td (proxy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 326.10 Td (responsibilities, ) Tj ET Q q 0 0 0 rg BT 109.15 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.46 326.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 151.99 326.10 Td (has ) Tj ET Q q 0 0 0 rg BT 168.42 326.10 Td (directed ) Tj ET Q q 0 0 0 rg BT 203.71 326.10 Td (that ) Tj ET Q q 0 0 0 rg BT 221.80 326.10 Td (proxies ) Tj ET Q q 0 0 0 rg BT 254.34 326.10 Td (be ) Tj ET Q q 0 0 0 rg BT 266.87 326.10 Td (voted ) Tj ET Q q 0 0 0 rg BT 292.18 326.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 335.27 326.10 Td (with ) Tj ET Q q 0 0 0 rg BT 356.14 326.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.46 326.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 394.79 326.10 Td (s ) Tj ET Q q 0 0 0 rg BT 401.78 326.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.31 326.10 Td (its ) Tj ET Q q 0 0 0 rg BT 431.86 326.10 Td (shareholders) Tj ET Q q 0 0 0 rg BT 484.98 326.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.08 326.10 Td (best ) Tj ET Q q 0 0 0 rg BT 507.28 326.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 543.70 326.10 Td (and ) Tj ET Q q 0 0 0 rg BT 561.23 326.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 314.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 91.46 314.10 Td (with ) Tj ET Q q 0 0 0 rg BT 111.61 314.10 Td (all ) Tj ET Q q 0 0 0 rg BT 123.97 314.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 167.43 314.10 Td (proxy ) Tj ET Q q 0 0 0 rg BT 193.13 314.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 221.06 314.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 242.87 314.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.68 314.10 Td (regulations. ) Tj ET Q q 0 0 0 rg BT 308.81 314.10 Td (The ) Tj ET Q q 0 0 0 rg BT 326.21 314.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 360.24 314.10 Td (has ) Tj ET Q q 0 0 0 rg BT 375.94 314.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 409.96 314.10 Td (proxy ) Tj ET Q q 0 0 0 rg BT 435.66 314.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 463.59 314.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 497.07 314.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.88 314.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 557.35 314.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 302.10 Td (this ) Tj ET Q q 0 0 0 rg BT 59.90 302.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 94.01 302.10 Td (\(Proxy ) Tj ET Q q 0 0 0 rg BT 127.94 302.10 Td (V) Tj ET Q q 0 0 0 rg BT 133.87 302.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 156.88 302.10 Td (Policies\). ) Tj ET Q q 0 0 0 rg BT 200.72 302.10 Td (A) Tj ET Q q 0 0 0 rg BT 207.39 302.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.84 302.10 Td (copy ) Tj ET Q q 0 0 0 rg BT 231.72 302.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.50 302.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.17 302.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 283.33 302.10 Td (V) Tj ET Q q 0 0 0 rg BT 289.26 302.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 312.27 302.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 346.38 302.10 Td (is ) Tj ET Q q 0 0 0 rg BT 355.50 302.10 Td (set ) Tj ET Q q 0 0 0 rg BT 369.06 302.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 390.95 302.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 400.90869140625 300.7669921875 m 448.92529296875 300.7669921875 l s q 0 0 0 rg BT 400.63 302.10 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 441.98 302.10 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 302.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.10 302.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.33 302.10 Td (this ) Tj ET Q q 0 0 0 rg BT 478.22 302.10 Td (SAI. ) Tj ET Q q 0 0 0 rg BT 499.11 302.10 Td (The ) Tj ET Q q 0 0 0 rg BT 516.93 302.10 Td (T) Tj ET Q q 0 0 0 rg BT 522.68 302.10 Td (rust) Tj ET Q q 0 0 0 rg BT 540.46 302.10 Td (s ) Tj ET Q q 0 0 0 rg BT 546.80 302.10 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 290.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 93.35 290.10 Td (Of) Tj ET Q q 0 0 0 rg BT 103.72 290.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 124.06 290.10 Td (is ) Tj ET Q q 0 0 0 rg BT 132.75 290.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 180.33 290.10 Td (for ) Tj ET Q q 0 0 0 rg BT 194.01 290.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 240.48 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.72 290.10 Td (ef) Tj ET Q q 0 0 0 rg BT 262.31 290.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 308.76 290.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.11 290.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.36 290.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 359.13 290.10 Td (V) Tj ET Q q 0 0 0 rg BT 365.06 290.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 387.64 290.10 Td (Policies. ) Tj ET Q q 0 0 0 rg BT 423.69 290.10 Td (The ) Tj ET Q q 0 0 0 rg BT 441.26 290.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 467.03 290.10 Td (V) Tj ET Q q 0 0 0 rg BT 472.96 290.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 495.54 290.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 529.23 290.10 Td (have ) Tj ET Q q 0 0 0 rg BT 550.14 290.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 278.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 77.16 278.10 Td (by ) Tj ET Q q 0 0 0 rg BT 89.66 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.19 278.10 Td (T) Tj ET Q q 0 0 0 rg BT 109.95 278.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 127.45 278.10 Td (as ) Tj ET Q q 0 0 0 rg BT 138.28 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.00 278.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 186.60 278.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.54 278.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 249.90 278.10 Td (that ) Tj ET Q q 0 0 0 rg BT 267.40 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.56 278.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 315.72 278.10 Td (will ) Tj ET Q q 0 0 0 rg BT 333.78 278.10 Td (use ) Tj ET Q q 0 0 0 rg BT 349.61 278.10 Td (when ) Tj ET Q q 0 0 0 rg BT 373.77 278.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 401.83 278.10 Td (proxies ) Tj ET Q q 0 0 0 rg BT 433.77 278.10 Td (on ) Tj ET Q q 0 0 0 rg BT 446.27 278.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 473.75 278.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.58 278.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.30 278.10 Td (Fund.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 260.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.81 260.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 86.81 260.10 Td (V) Tj ET Q q 0 0 0 rg BT 92.74 260.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 115.57 260.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 149.50 260.10 Td (address, ) Tj ET Q q 0 0 0 rg BT 184.26 260.10 Td (among ) Tj ET Q q 0 0 0 rg BT 213.74 260.10 Td (other ) Tj ET Q q 0 0 0 rg BT 236.56 260.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 265.78 260.10 Td (material ) Tj ET Q q 0 0 0 rg BT 300.80 260.10 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 337.50 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.10 260.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 379.80 260.10 Td (that ) Tj ET Q q 0 0 0 rg BT 397.07 260.10 Td (may ) Tj ET Q q 0 0 0 rg BT 416.55 260.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 437.70 260.10 Td (between ) Tj ET Q q 0 0 0 rg BT 473.28 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.77 260.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 523.36 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.96 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.44 260.10 Td (Fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 59.85 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.47 248.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 110.21 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.95 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.04 248.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 166.15 248.10 Td (. ) Tj ET Q q 0 0 0 rg BT 170.89 248.10 Td (The ) Tj ET Q q 0 0 0 rg BT 188.84 248.10 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 214.97 248.10 Td (V) Tj ET Q q 0 0 0 rg BT 220.90 248.10 Td (oting ) Tj ET Q q 0 0 0 rg BT 243.87 248.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 277.94 248.10 Td (will ) Tj ET Q q 0 0 0 rg BT 295.91 248.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 324.42 248.10 Td (that ) Tj ET Q q 0 0 0 rg BT 341.82 248.10 Td (all ) Tj ET Q q 0 0 0 rg BT 354.23 248.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 380.53 248.10 Td (brought ) Tj ET Q q 0 0 0 rg BT 414.05 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.24 248.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 477.18 248.10 Td (are ) Tj ET Q q 0 0 0 rg BT 491.80 248.10 Td (analyzed ) Tj ET Q q 0 0 0 rg BT 529.74 248.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.93 248.10 Td (light ) Tj ET Q q 0 0 0 rg BT 560.67 248.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.17 236.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 89.20 236.10 Td () Tj ET Q q 0 0 0 rg BT 91.97 236.10 Td (s ) Tj ET Q q 0 0 0 rg BT 98.37 236.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 136.96 236.10 Td (responsibilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 218.10 Td (When ) Tj ET Q q 0 0 0 rg BT 69.52 218.10 Td (available, ) Tj ET Q q 0 0 0 rg BT 110.76 218.10 Td (information ) Tj ET Q q 0 0 0 rg BT 160.62 218.10 Td (on ) Tj ET Q q 0 0 0 rg BT 173.26 218.10 Td (how ) Tj ET Q q 0 0 0 rg BT 193.13 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.00 218.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 231.20 218.10 Td (voted ) Tj ET Q q 0 0 0 rg BT 256.07 218.10 Td (proxies ) Tj ET Q q 0 0 0 rg BT 288.15 218.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 321.34 218.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.76 218.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 369.41 218.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 409.82 218.10 Td (during ) Tj ET Q q 0 0 0 rg BT 438.57 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.43 218.10 Td (most ) Tj ET Q q 0 0 0 rg BT 475.53 218.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 502.60 218.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 515.25 218.10 Td (month ) Tj ET Q q 0 0 0 rg BT 543.45 218.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 206.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 70.47 206.10 Td (June ) Tj ET Q q 0 0 0 rg BT 92.39 206.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 105.99 206.10 Td (will ) Tj ET Q q 0 0 0 rg BT 125.13 206.10 Td (be ) Tj ET Q q 0 0 0 rg BT 138.17 206.10 Td (available ) Tj ET Q q 0 0 0 rg BT 177.85 206.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 193.10 206.10 Td (without ) Tj ET Q q 0 0 0 rg BT 227.25 206.10 Td (char) Tj ET Q q 0 0 0 rg BT 244.28 206.10 Td (ge, ) Tj ET Q q 0 0 0 rg BT 259.81 206.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 283.40 206.10 Td (request, ) Tj ET Q q 0 0 0 rg BT 318.37 206.10 Td (by ) Tj ET Q q 0 0 0 rg BT 331.96 206.10 Td (calling ) Tj ET Q q 0 0 0 rg BT 362.77 206.10 Td (1) Tj ET Q /GS0 gs q 5.00 0 0 10.09 367.77 203.94 cm /I3 Do Q q 0 0 0 rg BT 372.77 206.10 Td (800) Tj ET Q /GS0 gs q 5.00 0 0 10.09 387.77 203.94 cm /I4 Do Q q 0 0 0 rg BT 392.77 206.10 Td (617) Tj ET Q /GS0 gs q 5.00 0 0 10.09 407.77 203.94 cm /I5 Do Q q 0 0 0 rg BT 412.77 206.10 Td (0004 ) Tj ET Q q 0 0 0 rg BT 436.36 206.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.39 206.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 469.64 206.10 Td (on ) Tj ET Q q 0 0 0 rg BT 483.24 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.05 206.10 Td (SEC) Tj ET Q q 0 0 0 rg BT 520.17 206.10 Td (s ) Tj ET Q q 0 0 0 rg BT 527.65 206.10 Td (website ) Tj ET Q q 0 0 0 rg BT 561.79 206.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 194.10 Td (www) Tj ET Q q 0 0 0 rg BT 64.02 194.10 Td (.sec.gov) Tj ET Q q 0 0 0 rg BT 96.13 194.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 176.10 Td (I) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 46.89 176.10 Td (NVESTMENT) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.90 176.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.85 176.10 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 113.07 176.10 Td (DVISER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 147.08 176.10 Td ( ) Tj ET Q q 0 0 0 rg BT 149.03 176.10 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 156.25 176.10 Td (ND) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.25 176.10 Td ( S) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 177.31 176.10 Td (UB-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 192.81 176.10 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 200.03 176.10 Td (DVISER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 158.10 Td (Adviser) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 140.10 Td (Beyond ) Tj ET Q q 0 0 0 rg BT 77.29 140.10 Td (Investing ) Tj ET Q q 0 0 0 rg BT 117.68 140.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 142.25 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.86 140.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 191.34 140.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 222.85 140.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 257.14 140.10 Td (company ) Tj ET Q q 0 0 0 rg BT 296.97 140.10 Td (located ) Tj ET Q q 0 0 0 rg BT 329.02 140.10 Td (at ) Tj ET Q q 0 0 0 rg BT 339.42 140.10 Td (14391 ) Tj ET Q q 0 0 0 rg BT 367.59 140.10 Td (Spring ) Tj ET Q q 0 0 0 rg BT 397.44 140.10 Td (Hill ) Tj ET Q q 0 0 0 rg BT 416.18 140.10 Td (Drive, ) Tj ET Q q 0 0 0 rg BT 444.62 140.10 Td (Suite ) Tj ET Q q 0 0 0 rg BT 468.36 140.10 Td (301, ) Tj ET Q q 0 0 0 rg BT 489.03 140.10 Td (Spring ) Tj ET Q q 0 0 0 rg BT 518.88 140.10 Td (Hill, ) Tj ET Q q 0 0 0 rg BT 540.12 140.10 Td (Florida ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 128.10 Td (34609, ) Tj ET Q q 0 0 0 rg BT 73.20 128.10 Td (serves ) Tj ET Q q 0 0 0 rg BT 100.89 128.10 Td (as ) Tj ET Q q 0 0 0 rg BT 111.92 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.83 128.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 173.42 128.10 Td (adviser ) Tj ET Q q 0 0 0 rg BT 204.99 128.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.47 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.38 128.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 255.95 128.10 Td (The ) Tj ET Q q 0 0 0 rg BT 273.60 128.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 307.96 128.10 Td (is ) Tj ET Q q 0 0 0 rg BT 317.33 128.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.47 128.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 368.27 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.30 128.10 Td (Beyond ) Tj ET Q q 0 0 0 rg BT 412.52 128.10 Td (Advisors ) Tj ET Q q 0 0 0 rg BT 451.33 128.10 Td (IC, ) Tj ET Q q 0 0 0 rg BT 466.53 128.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.67 128.10 Td (Jersey ) Tj ET Q q 0 0 0 rg BT 501.35 128.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 554.59 128.10 Td (cell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 116.10 Td (company ) Tj ET Q q 0 0 0 rg BT 82.96 116.10 Td (located ) Tj ET Q q 0 0 0 rg BT 115.14 116.10 Td (at ) Tj ET Q q 0 0 0 rg BT 125.67 116.10 Td (Digital ) Tj ET Q q 0 0 0 rg BT 156.75 116.10 Td (Hub ) Tj ET Q q 0 0 0 rg BT 177.27 116.10 Td (Jersey) Tj ET Q q 0 0 0 rg BT 201.62 116.10 Td (, ) Tj ET Q q 0 0 0 rg BT 207.42 116.10 Td (Block ) Tj ET Q q 0 0 0 rg BT 234.62 116.10 Td (3, ) Tj ET Q q 0 0 0 rg BT 245.42 116.10 Td (Ground ) Tj ET Q q 0 0 0 rg BT 279.28 116.10 Td (Floor) Tj ET Q q 0 0 0 rg BT 300.55 116.10 Td (, ) Tj ET Q q 0 0 0 rg BT 306.36 116.10 Td (Grenvile ) Tj ET Q q 0 0 0 rg BT 344.65 116.10 Td (Street, ) Tj ET Q q 0 0 0 rg BT 373.78 116.10 Td (St. ) Tj ET Q q 0 0 0 rg BT 387.93 116.10 Td (Helier) Tj ET Q q 0 0 0 rg BT 412.52 116.10 Td (, ) Tj ET Q q 0 0 0 rg BT 418.32 116.10 Td (Jersey ) Tj ET Q q 0 0 0 rg BT 446.62 116.10 Td (JE2 ) Tj ET Q q 0 0 0 rg BT 464.93 116.10 Td (4UF) Tj ET Q q 0 0 0 rg BT 481.91 116.10 Td (. ) Tj ET Q q 0 0 0 rg BT 487.72 116.10 Td (Claire ) Tj ET Q q 0 0 0 rg BT 515.46 116.10 Td (E. ) Tj ET Q q 0 0 0 rg BT 527.37 116.10 Td (Smith ) Tj ET Q q 0 0 0 rg BT 554.58 116.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 104.10 Td (Lawrence ) Tj ET Q q 0 0 0 rg BT 85.79 104.10 Td (R. ) Tj ET Q q 0 0 0 rg BT 97.59 104.10 Td (Abele ) Tj ET Q q 0 0 0 rg BT 124.84 104.10 Td (are ) Tj ET Q q 0 0 0 rg BT 140.42 104.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 187.10 104.10 Td (control ) Tj ET Q q 0 0 0 rg BT 218.80 104.10 Td (persons, ) Tj ET Q q 0 0 0 rg BT 255.23 104.10 Td (each ) Tj ET Q q 0 0 0 rg BT 276.92 104.10 Td (by ) Tj ET Q q 0 0 0 rg BT 290.29 104.10 Td (virtue ) Tj ET Q q 0 0 0 rg BT 316.99 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.69 104.10 Td (their ) Tj ET Q q 0 0 0 rg BT 350.39 104.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 376.52 104.10 Td (or ) Tj ET Q q 0 0 0 rg BT 388.23 104.10 Td (indirect ) Tj ET Q q 0 0 0 rg BT 422.14 104.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 467.18 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.88 104.10 Td (more ) Tj ET Q q 0 0 0 rg BT 502.80 104.10 Td (than ) Tj ET Q q 0 0 0 rg BT 523.39 104.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 545.09 104.10 Td (of ) Tj ET Q q 0 0 0 rg BT 556.80 104.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 92.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 92.17 92.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 119.66 92.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 155.49 92.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.76 92.10 Td (Beyond ) Tj ET Q q 0 0 0 rg BT 198.82 92.10 Td (Advisors ) Tj ET Q q 0 0 0 rg BT 237.43 92.10 Td (IC.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 80.02 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.81 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 101.27 742.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 147.28 742.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 186.07 742.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 232.51 742.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 250.08 742.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 293.31 742.10 Td (Agreement\), ) Tj ET Q q 0 0 0 rg BT 350.02 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.81 742.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 397.49 742.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 433.94 742.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 479.84 742.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 507.96 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.75 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.99 742.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 554.57 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (oversees ) Tj ET Q q 0 0 0 rg BT 79.86 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.51 730.10 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 140.26 730.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 184.35 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.12 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.77 730.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 235.26 730.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 266.02 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.23 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.89 730.10 Td (direction ) Tj ET Q q 0 0 0 rg BT 328.86 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.73 730.10 Td (control ) Tj ET Q q 0 0 0 rg BT 376.49 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.26 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.91 730.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 428.78 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.65 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.30 730.10 Td (of) Tj ET Q q 0 0 0 rg BT 468.45 730.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 493.10 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.86 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.33 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 524.09 730.10 Td (rust. ) Tj ET Q q 0 0 0 rg BT 544.03 730.10 Td (Under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 56.48 718.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 94.97 718.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 143.52 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.01 718.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 190.29 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 198.59 718.10 Td (also ) Tj ET Q q 0 0 0 rg BT 216.32 718.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 263.50 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 276.78 718.10 Td (arranging ) Tj ET Q q 0 0 0 rg BT 316.72 718.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 348.89 718.10 Td (agency) Tj ET Q q 0 0 0 rg BT 376.55 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 380.68 718.10 Td (custody) Tj ET Q q 0 0 0 rg BT 411.14 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 415.26 718.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 435.22 718.10 Td (administration, ) Tj ET Q q 0 0 0 rg BT 497.11 718.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 536.50 718.10 Td (lending, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 92.14 706.10 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 143.53 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.74 706.10 Td (other ) Tj ET Q q 0 0 0 rg BT 184.06 706.10 Td (services ) Tj ET Q q 0 0 0 rg BT 219.04 706.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 260.68 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 275.11 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.10 706.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 313.44 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.99 706.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 358.48 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 376.19 706.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 410.62 706.10 Td (administers ) Tj ET Q q 0 0 0 rg BT 459.50 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.49 706.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 497.83 706.10 Td (s ) Tj ET Q q 0 0 0 rg BT 504.49 706.10 Td (business ) Tj ET Q q 0 0 0 rg BT 541.15 706.10 Td (af) Tj ET Q q 0 0 0 rg BT 548.74 706.10 Td (fairs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 79.65 694.10 Td (of) Tj ET Q q 0 0 0 rg BT 87.80 694.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 105.00 694.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 141.63 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.28 694.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 202.71 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.36 694.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 248.77 694.10 Td (clerical, ) Tj ET Q q 0 0 0 rg BT 282.90 694.10 Td (bookkeeping ) Tj ET Q q 0 0 0 rg BT 336.77 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.42 694.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 412.83 694.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 449.59 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 466.86 694.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 500.73 694.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 524.04 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.47 694.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 560.68 694.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.10 Td (all ) Tj ET Q q 0 0 0 rg BT 55.22 682.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 91.88 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.55 682.10 Td (non-advisory ) Tj ET Q q 0 0 0 rg BT 163.54 682.10 Td (services ) Tj ET Q q 0 0 0 rg BT 197.98 682.10 Td (required ) Tj ET Q q 0 0 0 rg BT 233.52 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.52 682.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 275.17 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.61 682.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 314.90 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 324.90 682.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 364.88 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 378.77 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 385.43 682.10 Td (single ) Tj ET Q q 0 0 0 rg BT 411.54 682.10 Td (unitary ) Tj ET Q q 0 0 0 rg BT 442.10 682.10 Td (management ) Tj ET Q q 0 0 0 rg BT 495.41 682.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 509.84 682.10 Td (from ) Tj ET Q q 0 0 0 rg BT 531.51 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.95 682.10 Td (Fund. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.10 Td (For ) Tj ET Q q 0 0 0 rg BT 60.01 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.34 670.10 Td (services ) Tj ET Q q 0 0 0 rg BT 110.66 670.10 Td (it ) Tj ET Q q 0 0 0 rg BT 119.33 670.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 156.88 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.77 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.11 670.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 209.28 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.61 670.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 248.29 670.10 Td (pays ) Tj ET Q q 0 0 0 rg BT 269.73 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.38 670.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 319.15 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.70 670.10 Td (unified ) Tj ET Q q 0 0 0 rg BT 358.14 670.10 Td (management ) Tj ET Q q 0 0 0 rg BT 412.35 670.10 Td (fee, ) Tj ET Q q 0 0 0 rg BT 430.17 670.10 Td (which ) Tj ET Q q 0 0 0 rg BT 457.72 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 467.50 670.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 511.15 670.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 534.25 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 551.81 670.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 658.10 Td (monthly) Tj ET Q q 0 0 0 rg BT 75.69 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 80.69 658.10 Td (at ) Tj ET Q q 0 0 0 rg BT 90.40 658.10 Td (an ) Tj ET Q q 0 0 0 rg BT 102.34 658.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 131.50 658.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 148.98 658.10 Td (based ) Tj ET Q q 0 0 0 rg BT 174.25 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 186.75 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.47 658.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 224.81 658.10 Td (s ) Tj ET Q q 0 0 0 rg BT 231.20 658.10 Td (average ) Tj ET Q q 0 0 0 rg BT 264.78 658.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 287.28 658.10 Td (net ) Tj ET Q q 0 0 0 rg BT 301.99 658.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 327.82 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.65 658.10 Td (0.60%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 640.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 69.94 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.68 640.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 122.42 640.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 171.29 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.03 640.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 218.64 640.10 Td (has ) Tj ET Q q 0 0 0 rg BT 233.92 640.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 262.51 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.24 640.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 288.63 640.10 Td (all ) Tj ET Q q 0 0 0 rg BT 300.57 640.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 338.62 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.90 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.07 640.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 385.58 640.10 Td (except ) Tj ET Q q 0 0 0 rg BT 413.62 640.10 Td (for: ) Tj ET Q q 0 0 0 rg BT 430.01 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.18 640.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 458.33 640.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 477.50 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.23 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.96 640.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 534.57 640.10 Td (pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 52.47 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 66.00 628.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 104.54 628.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 153.15 628.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 184.28 628.10 Td (char) Tj ET Q q 0 0 0 rg BT 201.30 628.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 216.32 628.10 Td (on ) Tj ET Q q 0 0 0 rg BT 228.01 628.10 Td (any ) Tj ET Q q 0 0 0 rg BT 244.14 628.10 Td (borrowings, ) Tj ET Q q 0 0 0 rg BT 293.88 628.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 334.46 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.58 628.10 Td (other ) Tj ET Q q 0 0 0 rg BT 372.82 628.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 410.61 628.10 Td (on ) Tj ET Q q 0 0 0 rg BT 422.30 628.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 461.75 628.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 480.11 628.10 Td (short, ) Tj ET Q q 0 0 0 rg BT 504.30 628.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 529.04 628.10 Td (brokerage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 616.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 97.65 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.52 616.10 Td (other ) Tj ET Q q 0 0 0 rg BT 137.49 616.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 176.01 616.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 211.75 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.96 616.10 Td (placing ) Tj ET Q q 0 0 0 rg BT 253.82 616.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 281.23 616.10 Td (for ) Tj ET Q q 0 0 0 rg BT 295.32 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.96 616.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 347.93 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.79 616.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 382.76 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.52 616.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 433.71 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.57 616.10 Td (other ) Tj ET Q q 0 0 0 rg BT 473.54 616.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 519.85 616.10 Td (instruments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 604.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 79.92 604.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 100.75 604.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 119.35 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.29 604.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 177.39 604.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 210.97 604.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 246.78 604.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 261.50 604.10 Td (liability) Tj ET Q q 0 0 0 rg BT 291.96 604.10 Td (, ) Tj ET Q q 0 0 0 rg BT 296.96 604.10 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 353.32 604.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 394.42 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.35 604.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 459.97 604.10 Td (\(12b-1\) ) Tj ET Q q 0 0 0 rg BT 492.46 604.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 511.06 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.00 604.10 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.61 586.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 99.90 586.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 146.98 586.10 Td (with ) Tj ET Q q 0 0 0 rg BT 167.41 586.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 198.38 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.82 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.69 586.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 246.90 586.10 Td (will ) Tj ET Q q 0 0 0 rg BT 265.11 586.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 302.20 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.63 586.10 Td (force ) Tj ET Q q 0 0 0 rg BT 335.82 586.10 Td (for ) Tj ET Q q 0 0 0 rg BT 350.14 586.10 Td (an ) Tj ET Q q 0 0 0 rg BT 362.23 586.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 388.21 586.10 Td (period ) Tj ET Q q 0 0 0 rg BT 416.41 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.40 586.10 Td (two ) Tj ET Q q 0 0 0 rg BT 445.05 586.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 471.11 586.10 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 512.34 586.10 Td (, ) Tj ET Q q 0 0 0 rg BT 517.50 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.78 586.10 Td (Advisory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 574.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 89.33 574.10 Td (will ) Tj ET Q q 0 0 0 rg BT 106.80 574.10 Td (be ) Tj ET Q q 0 0 0 rg BT 118.15 574.10 Td (renewable ) Tj ET Q q 0 0 0 rg BT 161.15 574.10 Td (from ) Tj ET Q q 0 0 0 rg BT 182.49 574.10 Td (year ) Tj ET Q q 0 0 0 rg BT 201.61 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.30 574.10 Td (year ) Tj ET Q q 0 0 0 rg BT 230.42 574.10 Td (with ) Tj ET Q q 0 0 0 rg BT 250.11 574.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 280.33 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.02 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.15 574.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 329.12 574.10 Td (so ) Tj ET Q q 0 0 0 rg BT 339.92 574.10 Td (long ) Tj ET Q q 0 0 0 rg BT 359.61 574.10 Td (as ) Tj ET Q q 0 0 0 rg BT 369.85 574.10 Td (its ) Tj ET Q q 0 0 0 rg BT 381.21 574.10 Td (continuance ) Tj ET Q q 0 0 0 rg BT 431.43 574.10 Td (is ) Tj ET Q q 0 0 0 rg BT 440.02 574.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 479.13 574.10 Td (at ) Tj ET Q q 0 0 0 rg BT 488.26 574.10 Td (least ) Tj ET Q q 0 0 0 rg BT 508.50 574.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 544.84 574.10 Td (\(1\)by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.93 562.10 Td (vote, ) Tj ET Q q 0 0 0 rg BT 80.36 562.10 Td (cast ) Tj ET Q q 0 0 0 rg BT 98.61 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.10 562.10 Td (person ) Tj ET Q q 0 0 0 rg BT 138.48 562.10 Td (at ) Tj ET Q q 0 0 0 rg BT 148.40 562.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.55 562.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 190.48 562.10 Td (called ) Tj ET Q q 0 0 0 rg BT 217.06 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 231.43 562.10 Td (that ) Tj ET Q q 0 0 0 rg BT 249.14 562.10 Td (purpose, ) Tj ET Q q 0 0 0 rg BT 286.01 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.05 562.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.20 562.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 340.80 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.84 562.10 Td (those ) Tj ET Q q 0 0 0 rg BT 375.46 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 381.22 562.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 411.70 562.10 Td (who ) Tj ET Q q 0 0 0 rg BT 431.63 562.10 Td (are ) Tj ET Q q 0 0 0 rg BT 446.55 562.10 Td (not ) Tj ET Q q 0 0 0 rg BT 462.04 562.10 Td (interested ) Tj ET Q q 0 0 0 rg BT 508.06 562.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 545.76 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 556.80 562.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 550.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 77.59 550.10 Td (or ) Tj ET Q q 0 0 0 rg BT 88.85 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.79 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 109.55 550.10 Td (rust; ) Tj ET Q q 0 0 0 rg BT 130.26 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.63 550.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 162.22 550.10 Td (by ) Tj ET Q q 0 0 0 rg BT 175.15 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.30 550.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 227.12 550.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 247.27 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.53 550.10 Td (either ) Tj ET Q q 0 0 0 rg BT 284.22 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.37 550.10 Td (full ) Tj ET Q q 0 0 0 rg BT 316.19 550.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 343.56 550.10 Td (or ) Tj ET Q q 0 0 0 rg BT 354.82 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.97 550.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 390.12 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.38 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 408.75 550.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 445.57 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.83 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.98 550.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 521.58 550.10 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 553.46 550.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 538.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 82.23 538.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 129.23 538.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 186.23 538.10 Td (terminates ) Tj ET Q q 0 0 0 rg BT 230.45 538.10 Td (on ) Tj ET Q q 0 0 0 rg BT 243.03 538.10 Td (assignment ) Tj ET Q q 0 0 0 rg BT 290.60 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 307.61 538.10 Td (is ) Tj ET Q q 0 0 0 rg BT 316.86 538.10 Td (terminable ) Tj ET Q q 0 0 0 rg BT 362.19 538.10 Td (on ) Tj ET Q q 0 0 0 rg BT 374.77 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 381.78 538.10 Td (60-day ) Tj ET Q q 0 0 0 rg BT 412.13 538.10 Td (written ) Tj ET Q q 0 0 0 rg BT 443.03 538.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 470.04 538.10 Td (either ) Tj ET Q q 0 0 0 rg BT 495.38 538.10 Td (by ) Tj ET Q q 0 0 0 rg BT 507.95 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.56 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 528.32 538.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 545.89 538.10 Td (or ) Tj ET Q q 0 0 0 rg BT 556.80 538.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 526.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 74.11 526.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.40 508.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 94.44 508.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 115.70 508.10 Td (not ) Tj ET Q q 0 0 0 rg BT 130.85 508.10 Td (be ) Tj ET Q q 0 0 0 rg BT 142.67 508.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 167.26 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.41 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.84 508.10 Td (T) Tj ET Q q 0 0 0 rg BT 197.59 508.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 214.97 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 225.68 508.10 Td (any ) Tj ET Q q 0 0 0 rg BT 242.49 508.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 291.52 508.10 Td (for ) Tj ET Q q 0 0 0 rg BT 305.55 508.10 Td (anything ) Tj ET Q q 0 0 0 rg BT 342.92 508.10 Td (done ) Tj ET Q q 0 0 0 rg BT 364.74 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 375.45 508.10 Td (omitted ) Tj ET Q q 0 0 0 rg BT 408.38 508.10 Td (by ) Tj ET Q q 0 0 0 rg BT 420.75 508.10 Td (it, ) Tj ET Q q 0 0 0 rg BT 431.19 508.10 Td (except ) Tj ET Q q 0 0 0 rg BT 459.66 508.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 477.58 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.29 508.10 Td (omissions ) Tj ET Q q 0 0 0 rg BT 530.67 508.10 Td (involving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 496.10 Td (willful ) Tj ET Q q 0 0 0 rg BT 72.34 496.10 Td (misfeasance, ) Tj ET Q q 0 0 0 rg BT 126.37 496.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 143.49 496.10 Td (faith, ) Tj ET Q q 0 0 0 rg BT 166.98 496.10 Td (negligence ) Tj ET Q q 0 0 0 rg BT 212.97 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.97 496.10 Td (reckless ) Tj ET Q q 0 0 0 rg BT 258.85 496.10 Td (disregard ) Tj ET Q q 0 0 0 rg BT 298.73 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.74 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.63 496.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 351.19 496.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 387.75 496.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 410.42 496.10 Td (it ) Tj ET Q q 0 0 0 rg BT 418.65 496.10 Td (by ) Tj ET Q q 0 0 0 rg BT 431.32 496.10 Td (its ) Tj ET Q q 0 0 0 rg BT 443.44 496.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 487.76 496.10 Td (with ) Tj ET Q q 0 0 0 rg BT 508.21 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.91 496.10 Td (T) Tj ET Q q 0 0 0 rg BT 528.66 496.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 546.34 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 557.34 496.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 484.10 Td (any ) Tj ET Q q 0 0 0 rg BT 59.94 484.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 86.33 484.10 Td (that ) Tj ET Q q 0 0 0 rg BT 103.83 484.10 Td (may ) Tj ET Q q 0 0 0 rg BT 123.54 484.10 Td (be ) Tj ET Q q 0 0 0 rg BT 135.48 484.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 175.20 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.48 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.19 484.10 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 240.73 484.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 273.79 484.10 Td (or ) Tj ET Q q 0 0 0 rg BT 284.62 484.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 302.66 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.49 484.10 Td (any ) Tj ET Q q 0 0 0 rg BT 330.43 484.10 Td (security) Tj ET Q q 0 0 0 rg BT 361.44 484.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 466.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.05 466.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 84.11 466.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.28 466.10 Td (new ) Tj ET Q q 0 0 0 rg BT 112.44 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.38 466.10 Td (has ) Tj ET Q q 0 0 0 rg BT 145.21 466.10 Td (not ) Tj ET Q q 0 0 0 rg BT 160.49 466.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 180.20 466.10 Td (management ) Tj ET Q q 0 0 0 rg BT 233.79 466.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 252.39 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.67 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.83 466.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 310.99 466.10 Td (as ) Tj ET Q q 0 0 0 rg BT 321.82 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 332.65 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.37 466.10 Td (date ) Tj ET Q q 0 0 0 rg BT 366.53 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.36 466.10 Td (this ) Tj ET Q q 0 0 0 rg BT 394.30 466.10 Td (SAI.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 448.10 Td (Sub-Adviser) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 437.03 528.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 430.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.82 430.10 Td (T) Tj ET Q q 0 0 0 rg BT 66.57 430.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 86.52 430.10 Td (on ) Tj ET Q q 0 0 0 rg BT 98.97 430.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 126.40 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.17 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.84 430.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 177.34 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.23 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.35 430.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 242.46 430.10 Td (have ) Tj ET Q q 0 0 0 rg BT 263.78 430.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 298.43 430.10 Td (Penserra ) Tj ET Q q 0 0 0 rg BT 335.31 430.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 366.63 430.10 Td (Management, ) Tj ET Q q 0 0 0 rg BT 423.78 430.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 447.62 430.10 Td (located ) Tj ET Q q 0 0 0 rg BT 478.93 430.10 Td (at ) Tj ET Q q 0 0 0 rg BT 488.60 430.10 Td (4 ) Tj ET Q q 0 0 0 rg BT 496.04 430.10 Td (Orinda ) Tj ET Q q 0 0 0 rg BT 526.08 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 534.72 430.10 Td (ay) Tj ET Q q 0 0 0 rg BT 543.51 430.10 Td (, ) Tj ET Q q 0 0 0 rg BT 548.45 430.10 Td (Suite ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 425.03 528.51 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 418.10 Td (100-A, ) Tj ET Q q 0 0 0 rg BT 73.17 418.10 Td (Orinda, ) Tj ET Q q 0 0 0 rg BT 105.56 418.10 Td (California ) Tj ET Q q 0 0 0 rg BT 148.22 418.10 Td (94563, ) Tj ET Q q 0 0 0 rg BT 177.84 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.74 418.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 210.96 418.10 Td (as ) Tj ET Q q 0 0 0 rg BT 221.41 418.10 Td (sub-adviser ) Tj ET Q q 0 0 0 rg BT 269.63 418.10 Td (for ) Tj ET Q q 0 0 0 rg BT 283.41 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.75 418.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 322.78 418.10 Td (The ) Tj ET Q q 0 0 0 rg BT 340.45 418.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 393.12 418.10 Td (is ) Tj ET Q q 0 0 0 rg BT 401.91 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 408.47 418.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 450.01 418.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 496.02 418.10 Td (adviser ) Tj ET Q q 0 0 0 rg BT 527.01 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 543.57 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 550.13 418.10 Td (New ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 413.03 469.00 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 406.10 Td (Y) Tj ET Q q 0 0 0 rg BT 49.22 406.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 65.05 406.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 95.88 406.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 129.49 406.10 Td (company) Tj ET Q q 0 0 0 rg BT 165.50 406.10 Td (. ) Tj ET Q q 0 0 0 rg BT 170.31 406.10 Td (The ) Tj ET Q q 0 0 0 rg BT 188.36 406.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 241.41 406.10 Td (is ) Tj ET Q q 0 0 0 rg BT 250.58 406.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 279.74 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.68 406.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 339.72 406.10 Td (by ) Tj ET Q q 0 0 0 rg BT 352.22 406.10 Td (Geor) Tj ET Q q 0 0 0 rg BT 372.03 406.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 383.97 406.10 Td (Madrigal ) Tj ET Q q 0 0 0 rg BT 423.13 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.07 406.10 Td (Dustin ) Tj ET Q q 0 0 0 rg BT 469.24 406.10 Td (Lewellyn. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 388.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 80.11 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.00 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 96.56 388.10 Td (Sub-Advisory ) Tj ET Q q 0 0 0 rg BT 154.32 388.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 200.85 388.10 Td (between ) Tj ET Q q 0 0 0 rg BT 236.28 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.15 388.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 283.92 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.47 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.80 388.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 367.47 388.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 385.13 388.10 Td (Sub-Advisory ) Tj ET Q q 0 0 0 rg BT 447.32 388.10 Td (Agreement\), ) Tj ET Q q 0 0 0 rg BT 504.13 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.46 388.10 Td (Sub-Adviser ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 376.10 Td (is ) Tj ET Q q 0 0 0 rg BT 52.32 376.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 100.52 376.10 Td (for ) Tj ET Q q 0 0 0 rg BT 114.84 376.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 145.82 376.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 183.47 376.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 223.88 376.10 Td (on ) Tj ET Q q 0 0 0 rg BT 236.54 376.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 264.18 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.16 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.03 376.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 315.75 376.10 Td (including ) Tj ET Q q 0 0 0 rg BT 356.17 376.10 Td (selecting ) Tj ET Q q 0 0 0 rg BT 394.37 376.10 Td (broker) Tj ET Q q 0 0 0 rg BT 420.27 376.10 Td (-dealers ) Tj ET Q q 0 0 0 rg BT 454.57 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.00 376.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 498.19 376.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 536.38 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 553.47 376.10 Td (sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 364.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 92.50 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 102.56 364.10 Td (instructed ) Tj ET Q q 0 0 0 rg BT 143.72 364.10 Td (by ) Tj ET Q q 0 0 0 rg BT 155.46 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.02 364.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 202.42 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 212.48 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 221.99 364.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 267.59 364.10 Td (with ) Tj ET Q q 0 0 0 rg BT 287.10 364.10 Td (any ) Tj ET Q q 0 0 0 rg BT 303.28 364.10 Td (rebalancing ) Tj ET Q q 0 0 0 rg BT 351.65 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 361.71 364.10 Td (reconstitution ) Tj ET Q q 0 0 0 rg BT 418.43 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.50 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.45 364.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 465.79 364.10 Td (s ) Tj ET Q q 0 0 0 rg BT 471.41 364.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 513.67 364.10 Td (Index, ) Tj ET Q q 0 0 0 rg BT 540.68 364.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 53.94 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.32 352.10 Td (supervision ) Tj ET Q q 0 0 0 rg BT 118.59 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.09 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.77 352.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 179.59 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.19 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.57 352.10 Td (Board. ) Tj ET Q q 0 0 0 rg BT 242.67 352.10 Td (For ) Tj ET Q q 0 0 0 rg BT 259.73 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.11 352.10 Td (services ) Tj ET Q q 0 0 0 rg BT 310.48 352.10 Td (it ) Tj ET Q q 0 0 0 rg BT 319.20 352.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 356.80 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.74 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.12 352.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 409.35 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.73 352.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 478.44 352.10 Td (is ) Tj ET Q q 0 0 0 rg BT 488.27 352.10 Td (compensated ) Tj ET Q q 0 0 0 rg BT 543.64 352.10 Td (by ) Tj ET Q q 0 0 0 rg BT 556.80 352.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 340.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 77.16 340.10 Td (from ) Tj ET Q q 0 0 0 rg BT 99.10 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.82 340.10 Td (management ) Tj ET Q q 0 0 0 rg BT 167.40 340.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 186.00 340.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 205.72 340.10 Td (by ) Tj ET Q q 0 0 0 rg BT 218.22 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.94 340.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 256.00 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.28 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.44 340.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 311.55 340.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 322.10 Td (The ) Tj ET Q q 0 0 0 rg BT 62.63 322.10 Td (Sub-Advisory ) Tj ET Q q 0 0 0 rg BT 121.92 322.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 170.42 322.10 Td (was ) Tj ET Q q 0 0 0 rg BT 190.06 322.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 231.34 322.10 Td (by ) Tj ET Q q 0 0 0 rg BT 245.42 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.42 322.10 Td (T) Tj ET Q q 0 0 0 rg BT 267.18 322.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 299.03 322.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 344.21 322.10 Td (all ) Tj ET Q q 0 0 0 rg BT 358.29 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.59 322.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 427.79 322.10 Td (T) Tj ET Q q 0 0 0 rg BT 433.55 322.10 Td (rustees\) ) Tj ET Q q 0 0 0 rg BT 468.73 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.25 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.64 322.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 533.90 322.10 Td (, ) Tj ET Q q 0 0 0 rg BT 540.48 322.10 Td (as ) Tj ET Q q 0 0 0 rg BT 552.89 322.10 Td (sole ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 310.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 92.24 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.17 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.98 310.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 143.64 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.02 310.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 202.70 310.10 Td (with ) Tj ET Q q 0 0 0 rg BT 223.08 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.89 310.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 259.91 310.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 279.26 310.10 Td (The ) Tj ET Q q 0 0 0 rg BT 297.40 310.10 Td (Sub-Advisory ) Tj ET Q q 0 0 0 rg BT 355.54 310.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 402.56 310.10 Td (will ) Tj ET Q q 0 0 0 rg BT 420.71 310.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 457.74 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.12 310.10 Td (force ) Tj ET Q q 0 0 0 rg BT 491.25 310.10 Td (for ) Tj ET Q q 0 0 0 rg BT 505.51 310.10 Td (an ) Tj ET Q q 0 0 0 rg BT 517.55 310.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 543.47 310.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 52.77 298.10 Td (two ) Tj ET Q q 0 0 0 rg BT 69.21 298.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 94.15 298.10 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 135.38 298.10 Td (, ) Tj ET Q q 0 0 0 rg BT 139.32 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.98 298.10 Td (Sub-Advisory ) Tj ET Q q 0 0 0 rg BT 210.22 298.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 256.08 298.10 Td (is ) Tj ET Q q 0 0 0 rg BT 264.20 298.10 Td (renewable ) Tj ET Q q 0 0 0 rg BT 306.72 298.10 Td (from ) Tj ET Q q 0 0 0 rg BT 327.60 298.10 Td (year ) Tj ET Q q 0 0 0 rg BT 346.25 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.47 298.10 Td (year ) Tj ET Q q 0 0 0 rg BT 374.12 298.10 Td (with ) Tj ET Q q 0 0 0 rg BT 393.34 298.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 423.10 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.32 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.98 298.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 470.48 298.10 Td (so ) Tj ET Q q 0 0 0 rg BT 480.81 298.10 Td (long ) Tj ET Q q 0 0 0 rg BT 500.03 298.10 Td (as ) Tj ET Q q 0 0 0 rg BT 509.81 298.10 Td (its ) Tj ET Q q 0 0 0 rg BT 520.70 298.10 Td (continuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 286.10 Td (is ) Tj ET Q q 0 0 0 rg BT 52.20 286.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 91.95 286.10 Td (at ) Tj ET Q q 0 0 0 rg BT 101.70 286.10 Td (least ) Tj ET Q q 0 0 0 rg BT 122.56 286.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 159.52 286.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 173.72 286.10 Td (by ) Tj ET Q q 0 0 0 rg BT 186.25 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.00 286.10 Td (vote, ) Tj ET Q q 0 0 0 rg BT 223.25 286.10 Td (cast ) Tj ET Q q 0 0 0 rg BT 241.33 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.65 286.10 Td (person ) Tj ET Q q 0 0 0 rg BT 280.84 286.10 Td (at ) Tj ET Q q 0 0 0 rg BT 290.59 286.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.57 286.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 332.31 286.10 Td (called ) Tj ET Q q 0 0 0 rg BT 358.72 286.10 Td (for ) Tj ET Q q 0 0 0 rg BT 372.91 286.10 Td (that ) Tj ET Q q 0 0 0 rg BT 390.44 286.10 Td (purpose, ) Tj ET Q q 0 0 0 rg BT 427.14 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.00 286.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.97 286.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 481.39 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.25 286.10 Td (those ) Tj ET Q q 0 0 0 rg BT 515.71 286.10 Td (T) Tj ET Q q 0 0 0 rg BT 521.47 286.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 551.77 286.10 Td (who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 274.10 Td (are ) Tj ET Q q 0 0 0 rg BT 56.98 274.10 Td (not ) Tj ET Q q 0 0 0 rg BT 71.53 274.10 Td (interested ) Tj ET Q q 0 0 0 rg BT 116.61 274.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 153.38 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.48 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.34 274.10 Td (T) Tj ET Q q 0 0 0 rg BT 183.10 274.10 Td (rust; ) Tj ET Q q 0 0 0 rg BT 202.65 274.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.86 274.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 232.29 274.10 Td (by ) Tj ET Q q 0 0 0 rg BT 244.06 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.05 274.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 293.71 274.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 312.70 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.80 274.10 Td (either ) Tj ET Q q 0 0 0 rg BT 347.33 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.32 274.10 Td (full ) Tj ET Q q 0 0 0 rg BT 376.98 274.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 403.19 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 413.30 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.29 274.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 446.28 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.38 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 462.59 274.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 498.24 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.35 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.33 274.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 262.10 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 73.76 262.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.03 262.10 Td (Sub-Advisory ) Tj ET Q q 0 0 0 rg BT 148.49 262.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 194.63 262.10 Td (will ) Tj ET Q q 0 0 0 rg BT 211.91 262.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 251.40 262.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 307.54 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.05 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.99 262.10 Td (event ) Tj ET Q q 0 0 0 rg BT 354.37 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.42 262.10 Td (its ) Tj ET Q q 0 0 0 rg BT 375.59 262.10 Td (assignment, ) Tj ET Q q 0 0 0 rg BT 424.81 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.97 262.10 Td (is ) Tj ET Q q 0 0 0 rg BT 449.37 262.10 Td (terminable ) Tj ET Q q 0 0 0 rg BT 493.85 262.10 Td (at ) Tj ET Q q 0 0 0 rg BT 502.79 262.10 Td (any ) Tj ET Q q 0 0 0 rg BT 518.95 262.10 Td (time ) Tj ET Q q 0 0 0 rg BT 538.45 262.10 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 250.10 Td (penalty ) Tj ET Q q 0 0 0 rg BT 75.24 250.10 Td (by ) Tj ET Q q 0 0 0 rg BT 88.05 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.08 250.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 130.33 250.10 Td (or) Tj ET Q q 0 0 0 rg BT 138.26 250.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.57 250.10 Td (with ) Tj ET Q q 0 0 0 rg BT 164.16 250.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 195.28 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.87 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 213.12 250.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 238.99 250.10 Td (by ) Tj ET Q q 0 0 0 rg BT 251.80 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.05 250.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 295.74 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.88 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.91 250.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 371.38 250.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 400.85 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.99 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.02 250.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 452.89 250.10 Td (on ) Tj ET Q q 0 0 0 rg BT 465.70 250.10 Td (not ) Tj ET Q q 0 0 0 rg BT 481.29 250.10 Td (less ) Tj ET Q q 0 0 0 rg BT 499.10 250.10 Td (than ) Tj ET Q q 0 0 0 rg BT 519.13 250.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 531.94 250.10 Td (days) Tj ET Q q 0 0 0 rg BT 552.86 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 555.67 250.10 Td (nor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 238.10 Td (more ) Tj ET Q q 0 0 0 rg BT 65.99 238.10 Td (than ) Tj ET Q q 0 0 0 rg BT 85.66 238.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 98.11 238.10 Td (days) Tj ET Q q 0 0 0 rg BT 119.02 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.47 238.10 Td (written ) Tj ET Q q 0 0 0 rg BT 152.25 238.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 179.13 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.35 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.02 238.10 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 254.17 238.10 Td (, ) Tj ET Q q 0 0 0 rg BT 259.12 238.10 Td (or ) Tj ET Q q 0 0 0 rg BT 269.89 238.10 Td (by ) Tj ET Q q 0 0 0 rg BT 282.34 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.01 238.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 350.01 238.10 Td (on ) Tj ET Q q 0 0 0 rg BT 362.45 238.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 374.90 238.10 Td (days) Tj ET Q q 0 0 0 rg BT 395.82 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.27 238.10 Td (written ) Tj ET Q q 0 0 0 rg BT 429.04 238.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 455.92 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.15 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.27 238.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 514.38 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.27 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.75 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 551.51 238.10 Td (rust. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 226.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.50 226.10 Td (Sub-Advisory ) Tj ET Q q 0 0 0 rg BT 118.13 226.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 164.50 226.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 200.89 226.10 Td (that ) Tj ET Q q 0 0 0 rg BT 217.84 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.00 226.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 284.50 226.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 305.34 226.10 Td (not ) Tj ET Q q 0 0 0 rg BT 320.07 226.10 Td (be ) Tj ET Q q 0 0 0 rg BT 331.46 226.10 Td (protected ) Tj ET Q q 0 0 0 rg BT 370.61 226.10 Td (against ) Tj ET Q q 0 0 0 rg BT 400.88 226.10 Td (any ) Tj ET Q q 0 0 0 rg BT 417.27 226.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 450.33 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.06 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.08 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 479.84 226.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 496.79 226.10 Td (or ) Tj ET Q q 0 0 0 rg BT 507.07 226.10 Td (its ) Tj ET Q q 0 0 0 rg BT 518.47 226.10 Td (shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.10 Td (by ) Tj ET Q q 0 0 0 rg BT 55.44 214.10 Td (reason ) Tj ET Q q 0 0 0 rg BT 83.98 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.75 214.10 Td (willful ) Tj ET Q q 0 0 0 rg BT 123.86 214.10 Td (misfeasance, ) Tj ET Q q 0 0 0 rg BT 177.66 214.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 194.54 214.10 Td (faith ) Tj ET Q q 0 0 0 rg BT 215.30 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.07 214.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 249.63 214.10 Td (negligence ) Tj ET Q q 0 0 0 rg BT 295.38 214.10 Td (on ) Tj ET Q q 0 0 0 rg BT 307.82 214.10 Td (its ) Tj ET Q q 0 0 0 rg BT 319.71 214.10 Td (part ) Tj ET Q q 0 0 0 rg BT 337.69 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.91 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.57 214.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 415.53 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.30 214.10 Td (its ) Tj ET Q q 0 0 0 rg BT 438.19 214.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 464.52 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 475.29 214.10 Td (from ) Tj ET Q q 0 0 0 rg BT 497.17 214.10 Td (reckless ) Tj ET Q q 0 0 0 rg BT 531.82 214.10 Td (disregard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.83 202.10 Td (its ) Tj ET Q q 0 0 0 rg BT 65.78 202.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 112.72 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.55 202.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 149.94 202.10 Td (thereunder) Tj ET Q q 0 0 0 rg BT 192.14 202.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 184.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.74 184.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 83.49 184.10 Td (is ) Tj ET Q q 0 0 0 rg BT 92.35 184.10 Td (new) Tj ET Q q 0 0 0 rg BT 108.36 184.10 Td (, ) Tj ET Q q 0 0 0 rg BT 113.05 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.68 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.60 184.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 177.45 184.10 Td (has ) Tj ET Q q 0 0 0 rg BT 192.97 184.10 Td (not ) Tj ET Q q 0 0 0 rg BT 207.94 184.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 227.35 184.10 Td (sub-advisory ) Tj ET Q q 0 0 0 rg BT 281.20 184.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 299.48 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.45 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.86 184.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 376.60 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.57 184.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 432.63 184.10 Td (with ) Tj ET Q q 0 0 0 rg BT 452.60 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.01 184.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 489.76 184.10 Td (as ) Tj ET Q q 0 0 0 rg BT 500.28 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.80 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.20 184.10 Td (date ) Tj ET Q q 0 0 0 rg BT 544.05 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 554.57 184.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 172.10 Td (SAI.) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 742.25 Td (P) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.11 742.25 Td (OR) Tj ET Q q 0 0 0 rg BT 62.29 742.25 Td (TFOLIO) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.30 742.25 Td ( M) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 109.24 742.25 Td (ANAGERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 721.85 Td (The ) Tj ET Q q 0 0 0 rg BT 60.27 721.85 Td (Fund ) Tj ET Q q 0 0 0 rg BT 82.56 721.85 Td (is ) Tj ET Q q 0 0 0 rg BT 90.95 721.85 Td (managed ) Tj ET Q q 0 0 0 rg BT 128.77 721.85 Td (by) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 138.77 721.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.83 721.85 Td (Dustin ) Tj ET Q q 0 0 0 rg BT 169.23 721.85 Td (Lewellyn, ) Tj ET Q q 0 0 0 rg BT 211.22 721.85 Td (CF) Tj ET Q q 0 0 0 rg BT 222.71 721.85 Td (A, ) Tj ET Q q 0 0 0 rg BT 234.15 721.85 Td (Chief ) Tj ET Q q 0 0 0 rg BT 258.09 721.85 Td (Investment ) Tj ET Q q 0 0 0 rg BT 304.25 721.85 Td (Of) Tj ET Q q 0 0 0 rg BT 314.62 721.85 Td (ficer ) Tj ET Q q 0 0 0 rg BT 334.66 721.85 Td (of ) Tj ET Q q 0 0 0 rg BT 344.71 721.85 Td (the ) Tj ET Q q 0 0 0 rg BT 358.65 721.85 Td (Sub-Adviser; ) Tj ET Q q 0 0 0 rg BT 413.71 721.85 Td (Ernesto ) Tj ET Q q 0 0 0 rg BT 445.85 721.85 Td (T) Tj ET Q q 0 0 0 rg BT 451.26 721.85 Td (ong, ) Tj ET Q q 0 0 0 rg BT 470.49 721.85 Td (CF) Tj ET Q q 0 0 0 rg BT 481.98 721.85 Td (A, ) Tj ET Q q 0 0 0 rg BT 493.42 721.85 Td (Managing ) Tj ET Q q 0 0 0 rg BT 535.69 721.85 Td (Director ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 709.85 Td (of ) Tj ET Q q 0 0 0 rg BT 53.83 709.85 Td (the ) Tj ET Q q 0 0 0 rg BT 68.55 709.85 Td (Sub-Adviser; ) Tj ET Q q 0 0 0 rg BT 124.38 709.85 Td (and ) Tj ET Q q 0 0 0 rg BT 140.76 709.85 Td (Anand ) Tj ET Q q 0 0 0 rg BT 169.92 709.85 Td (Desai, ) Tj ET Q q 0 0 0 rg BT 197.14 709.85 Td (Associate ) Tj ET Q q 0 0 0 rg BT 238.52 709.85 Td (of ) Tj ET Q q 0 0 0 rg BT 249.35 709.85 Td (the ) Tj ET Q q 0 0 0 rg BT 264.06 709.85 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 317.12 709.85 Td (\(together) Tj ET Q q 0 0 0 rg BT 352.81 709.85 Td (, ) Tj ET Q q 0 0 0 rg BT 357.81 709.85 Td (the ) Tj ET Q q 0 0 0 rg BT 372.53 709.85 Td (Portfolio ) Tj ET Q q 0 0 0 rg BT 415.02 709.85 Td (Managers\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 691.85 Td (Shar) Tj ET Q q 0 0 0 rg BT 63.38 691.85 Td (e Ownership) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 673.85 Td (The ) Tj ET Q q 0 0 0 rg BT 60.80 673.85 Td (Fund ) Tj ET Q q 0 0 0 rg BT 83.62 673.85 Td (is ) Tj ET Q q 0 0 0 rg BT 92.55 673.85 Td (required ) Tj ET Q q 0 0 0 rg BT 128.12 673.85 Td (to ) Tj ET Q q 0 0 0 rg BT 138.16 673.85 Td (show ) Tj ET Q q 0 0 0 rg BT 161.53 673.85 Td (the ) Tj ET Q q 0 0 0 rg BT 176.00 673.85 Td (dollar ) Tj ET Q q 0 0 0 rg BT 201.59 673.85 Td (range ) Tj ET Q q 0 0 0 rg BT 226.05 673.85 Td (of ) Tj ET Q q 0 0 0 rg BT 236.64 673.85 Td (each ) Tj ET Q q 0 0 0 rg BT 257.21 673.85 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 294.46 673.85 Td (manager) Tj ET Q q 0 0 0 rg BT 329.26 673.85 Td () Tj ET Q q 0 0 0 rg BT 332.04 673.85 Td (s ) Tj ET Q q 0 0 0 rg BT 338.19 673.85 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 384.30 673.85 Td (ownership ) Tj ET Q q 0 0 0 rg BT 432.66 673.85 Td (of ) Tj ET Q q 0 0 0 rg BT 443.24 673.85 Td (Shares ) Tj ET Q q 0 0 0 rg BT 472.16 673.85 Td (as ) Tj ET Q q 0 0 0 rg BT 482.75 673.85 Td (of ) Tj ET Q q 0 0 0 rg BT 493.34 673.85 Td (the ) Tj ET Q q 0 0 0 rg BT 507.81 673.85 Td (end ) Tj ET Q q 0 0 0 rg BT 524.51 673.85 Td (of ) Tj ET Q q 0 0 0 rg BT 535.09 673.85 Td (the ) Tj ET Q q 0 0 0 rg BT 549.57 673.85 Td (most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 660.65 Td (recently ) Tj ET Q q 0 0 0 rg BT 77.65 660.65 Td (completed ) Tj ET Q q 0 0 0 rg BT 121.75 660.65 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 145.86 660.65 Td (year) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 163.07 660.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.76 660.65 Td (or ) Tj ET Q q 0 0 0 rg BT 176.55 660.65 Td (a ) Tj ET Q q 0 0 0 rg BT 183.44 660.65 Td (more ) Tj ET Q q 0 0 0 rg BT 206.43 660.65 Td (recent ) Tj ET Q q 0 0 0 rg BT 233.31 660.65 Td (date ) Tj ET Q q 0 0 0 rg BT 252.42 660.65 Td (for ) Tj ET Q q 0 0 0 rg BT 266.53 660.65 Td (a ) Tj ET Q q 0 0 0 rg BT 273.42 660.65 Td (new ) Tj ET Q q 0 0 0 rg BT 292.53 660.65 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 329.97 660.65 Td (manager) Tj ET Q q 0 0 0 rg BT 363.85 660.65 Td (. ) Tj ET Q q 0 0 0 rg BT 368.80 660.65 Td (Dollar ) Tj ET Q q 0 0 0 rg BT 396.79 660.65 Td (amount ) Tj ET Q q 0 0 0 rg BT 429.24 660.65 Td (ranges ) Tj ET Q q 0 0 0 rg BT 457.79 660.65 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 497.46 660.65 Td (are ) Tj ET Q q 0 0 0 rg BT 512.12 660.65 Td (established ) Tj ET Q q 0 0 0 rg BT 559.00 660.65 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 648.65 Td (the ) Tj ET Q q 0 0 0 rg BT 57.80 648.65 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 81.22 648.65 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 129.33 648.65 Td (ownership ) Tj ET Q q 0 0 0 rg BT 178.01 648.65 Td (is ) Tj ET Q q 0 0 0 rg BT 187.27 648.65 Td (determined ) Tj ET Q q 0 0 0 rg BT 234.83 648.65 Td (in ) Tj ET Q q 0 0 0 rg BT 245.19 648.65 Td (accordance ) Tj ET Q q 0 0 0 rg BT 292.74 648.65 Td (with ) Tj ET Q q 0 0 0 rg BT 313.10 648.65 Td (Rule ) Tj ET Q q 0 0 0 rg BT 334.57 648.65 Td (16a-1\(a\)\(2\) ) Tj ET Q q 0 0 0 rg BT 382.68 648.65 Td (under ) Tj ET Q q 0 0 0 rg BT 408.03 648.65 Td (the ) Tj ET Q q 0 0 0 rg BT 422.83 648.65 Td (1934 ) Tj ET Q q 0 0 0 rg BT 444.84 648.65 Td (Act. ) Tj ET Q q 0 0 0 rg BT 463.79 648.65 Td (As ) Tj ET Q q 0 0 0 rg BT 477.49 648.65 Td (of ) Tj ET Q q 0 0 0 rg BT 488.40 648.65 Td (the ) Tj ET Q q 0 0 0 rg BT 503.20 648.65 Td (date ) Tj ET Q q 0 0 0 rg BT 522.44 648.65 Td (of ) Tj ET Q q 0 0 0 rg BT 533.35 648.65 Td (this ) Tj ET Q q 0 0 0 rg BT 550.38 648.65 Td (SAI, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 636.65 Td (the ) Tj ET Q q 0 0 0 rg BT 57.72 636.65 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 95.21 636.65 Td (managers ) Tj ET Q q 0 0 0 rg BT 136.03 636.65 Td (did ) Tj ET Q q 0 0 0 rg BT 151.31 636.65 Td (not ) Tj ET Q q 0 0 0 rg BT 166.58 636.65 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 216.28 636.65 Td (own ) Tj ET Q q 0 0 0 rg BT 236.00 636.65 Td (Shares. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 618.65 Td (Other) Tj ET Q q 0 0 0 rg BT 68.37 618.65 Td ( ) Tj ET Q q 0 0 0 rg BT 70.31 618.65 Td (Accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.76 618.65 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 600.65 Td (In ) Tj ET Q q 0 0 0 rg BT 54.15 600.65 Td (addition ) Tj ET Q q 0 0 0 rg BT 89.74 600.65 Td (to ) Tj ET Q q 0 0 0 rg BT 100.34 600.65 Td (the ) Tj ET Q q 0 0 0 rg BT 115.37 600.65 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 141.25 600.65 Td (the ) Tj ET Q q 0 0 0 rg BT 156.29 600.65 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 194.10 600.65 Td (managers ) Tj ET Q q 0 0 0 rg BT 235.24 600.65 Td (co-managed ) Tj ET Q q 0 0 0 rg BT 286.92 600.65 Td (the ) Tj ET Q q 0 0 0 rg BT 301.96 600.65 Td (following ) Tj ET Q q 0 0 0 rg BT 343.66 600.65 Td (other ) Tj ET Q q 0 0 0 rg BT 367.03 600.65 Td (accounts ) Tj ET Q q 0 0 0 rg BT 404.83 600.65 Td (as ) Tj ET Q q 0 0 0 rg BT 415.98 600.65 Td (of ) Tj ET Q q 0 0 0 rg BT 427.13 600.65 Td (June ) Tj ET Q q 0 0 0 rg BT 448.28 600.65 Td (30, ) Tj ET Q q 0 0 0 rg BT 463.60 600.65 Td (2019, ) Tj ET Q q 0 0 0 rg BT 488.92 600.65 Td (none ) Tj ET Q q 0 0 0 rg BT 511.17 600.65 Td (of ) Tj ET Q q 0 0 0 rg BT 522.32 600.65 Td (which ) Tj ET Q q 0 0 0 rg BT 549.58 600.65 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 588.65 Td (subject ) Tj ET Q q 0 0 0 rg BT 73.83 588.65 Td (to ) Tj ET Q q 0 0 0 rg BT 84.10 588.65 Td (a ) Tj ET Q q 0 0 0 rg BT 91.04 588.65 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 170.16 588.65 Td (fee:) Tj ET Q 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 43.5 572.15 m 159.5 572.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 572.15 m 226.5 572.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 572.15 m 303.5 572.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 572.15 m 370.5 572.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 572.15 m 441.5 572.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 572.15 m 497.5 572.15 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 572.15 m 569.5 572.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.5 510.15 m 159.5 510.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 510.15 m 226.5 510.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 510.15 m 303.5 510.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 510.15 m 370.5 510.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 510.15 m 441.5 510.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 510.15 m 497.5 510.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 510.15 m 569.5 510.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.5 510.15 m 159.5 510.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.5 495.15 m 159.5 495.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 510.15 m 226.5 510.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 495.15 m 226.5 495.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 510.15 m 303.5 510.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 495.15 m 303.5 495.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 510.15 m 370.5 510.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 495.15 m 370.5 495.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 510.15 m 441.5 510.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 495.15 m 441.5 495.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 510.15 m 497.5 510.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 495.15 m 497.5 495.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 510.15 m 569.5 510.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 495.15 m 569.5 495.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.5 495.15 m 159.5 495.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 43.5 480.15 m 159.5 480.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 495.15 m 226.5 495.15 l s 0 0 0 RG /GS0 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465.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 480.15 m 226.5 480.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 159.5 465.15 m 226.5 465.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 480.15 m 303.5 480.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 465.15 m 303.5 465.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 480.15 m 370.5 480.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 465.15 m 370.5 465.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 480.15 m 441.5 480.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 465.15 m 441.5 465.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 480.15 m 497.5 480.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 465.15 m 497.5 465.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 480.15 m 569.5 480.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 465.15 m 569.5 465.15 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.00 514.83 Td (Portfolio Manager) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.00 551.83 Td (Register) Tj ET Q q 0 0 0 rg BT 237.36 551.83 Td (ed ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 176 538.2625976562499 m 274.056640625 538.2625976562499 l s q 0 0 0 rg BT 176.00 539.83 Td (Investment Companies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.00 551.83 Td (Other) Tj ET Q q 0 0 0 rg BT 367.37 551.83 Td ( Pooled ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 328 538.2625976562499 m 412.7216796875 538.2625976562499 l s q 0 0 0 rg BT 328.00 539.83 Td (Investment ) Tj ET Q q 0 0 0 rg BT 378.09 539.83 Td (V) Tj ET Q q 0 0 0 rg BT 384.40 539.83 Td (ehicles) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 475 538.2625976562499 m 541.7578125 538.2625976562499 l s q 0 0 0 rg BT 475.00 539.83 Td (Other) Tj ET Q q 0 0 0 rg BT 500.37 539.83 Td ( ) Tj ET Q q 0 0 0 rg BT 502.31 539.83 Td (Accounts) Tj ET Q BT /F1 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524.82 Td (Assets in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.10 514.82 Td (Accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 499.82 Td (Dustin Lewellyn) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 499.82 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.80 499.82 Td ($1.5 billon) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 499.82 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 499.82 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 499.82 Td (0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.00 499.82 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 484.82 Td (Ernesto ) Tj ET Q q 0 0 0 rg BT 83.96 484.82 Td (T) Tj ET Q q 0 0 0 rg BT 89.63 484.82 Td (ong) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 484.82 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.80 484.82 Td ($1.5 billon) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 484.82 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 484.82 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 484.82 Td (0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.00 484.82 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 469.82 Td (Anand Desai) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.50 469.82 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.80 469.82 Td ($1.5 billon) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.00 469.82 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.80 469.82 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.50 469.82 Td (0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.00 469.82 Td ($0) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 447.65 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 429.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 54.67 429.65 Td (. ) Tj ET Q q 0 0 0 rg BT 59.61 429.65 Td (Lewellyn) Tj ET Q q 0 0 0 rg BT 100.15 429.65 Td (s ) Tj ET Q q 0 0 0 rg BT 106.47 429.65 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 143.91 429.65 Td (management ) Tj ET Q q 0 0 0 rg BT 197.43 429.65 Td (compensation ) Tj ET Q q 0 0 0 rg BT 255.41 429.65 Td (includes ) Tj ET Q q 0 0 0 rg BT 291.17 429.65 Td (a ) Tj ET Q q 0 0 0 rg BT 298.04 429.65 Td (salary ) Tj ET Q q 0 0 0 rg BT 324.35 429.65 Td (and ) Tj ET Q q 0 0 0 rg BT 341.23 429.65 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 395.87 429.65 Td (bonus ) Tj ET Q q 0 0 0 rg BT 422.19 429.65 Td (based ) Tj ET Q q 0 0 0 rg BT 447.40 429.65 Td (on ) Tj ET Q q 0 0 0 rg BT 459.83 429.65 Td (the ) Tj ET Q q 0 0 0 rg BT 474.49 429.65 Td (profitability ) Tj ET Q q 0 0 0 rg BT 524.69 429.65 Td (of ) Tj ET Q q 0 0 0 rg BT 535.46 429.65 Td (the ) Tj ET Q q 0 0 0 rg BT 550.11 429.65 Td (Sub-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 417.65 Td (Adviser) Tj ET Q q 0 0 0 rg BT 74.11 417.65 Td (. ) Tj ET Q q 0 0 0 rg BT 79.45 417.65 Td (No ) Tj ET Q q 0 0 0 rg BT 94.52 417.65 Td (compensation ) Tj ET Q q 0 0 0 rg BT 152.90 417.65 Td (is ) Tj ET Q q 0 0 0 rg BT 162.42 417.65 Td (directly ) Tj ET Q q 0 0 0 rg BT 195.80 417.65 Td (related ) Tj ET Q q 0 0 0 rg BT 225.85 417.65 Td (to ) Tj ET Q q 0 0 0 rg BT 236.47 417.65 Td (the ) Tj ET Q q 0 0 0 rg BT 251.53 417.65 Td (performance ) Tj ET Q q 0 0 0 rg BT 304.89 417.65 Td (of ) Tj ET Q q 0 0 0 rg BT 316.07 417.65 Td (the ) Tj ET Q q 0 0 0 rg BT 331.13 417.65 Td (underlying ) Tj ET Q q 0 0 0 rg BT 377.29 417.65 Td (assets. ) Tj ET Q q 0 0 0 rg BT 405.97 417.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 417.64 417.65 Td (. ) Tj ET Q q 0 0 0 rg BT 422.78 417.65 Td (T) Tj ET Q q 0 0 0 rg BT 428.19 417.65 Td (ong ) Tj ET Q q 0 0 0 rg BT 446.03 417.65 Td (receives ) Tj ET Q q 0 0 0 rg BT 481.63 417.65 Td (from ) Tj ET Q q 0 0 0 rg BT 503.91 417.65 Td (Penserra ) Tj ET Q q 0 0 0 rg BT 541.18 417.65 Td (a ) Tj ET Q q 0 0 0 rg BT 548.46 417.65 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 405.65 Td (base ) Tj ET Q q 0 0 0 rg BT 64.02 405.65 Td (salary ) Tj ET Q q 0 0 0 rg BT 91.14 405.65 Td (and ) Tj ET Q q 0 0 0 rg BT 108.83 405.65 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 164.28 405.65 Td (bonus, ) Tj ET Q q 0 0 0 rg BT 193.92 405.65 Td (and ) Tj ET Q q 0 0 0 rg BT 211.61 405.65 Td (he ) Tj ET Q q 0 0 0 rg BT 224.29 405.65 Td (is ) Tj ET Q q 0 0 0 rg BT 234.21 405.65 Td (also ) Tj ET Q q 0 0 0 rg BT 253.57 405.65 Td (eligible ) Tj ET Q q 0 0 0 rg BT 286.81 405.65 Td (to ) Tj ET Q q 0 0 0 rg BT 297.84 405.65 Td (participate ) Tj ET Q q 0 0 0 rg BT 343.28 405.65 Td (in ) Tj ET Q q 0 0 0 rg BT 354.31 405.65 Td (a ) Tj ET Q q 0 0 0 rg BT 362.00 405.65 Td (retirement ) Tj ET Q q 0 0 0 rg BT 406.33 405.65 Td (plan ) Tj ET Q q 0 0 0 rg BT 426.80 405.65 Td (and ) Tj ET Q q 0 0 0 rg BT 444.48 405.65 Td (to ) Tj ET Q q 0 0 0 rg BT 455.51 405.65 Td (receive ) Tj ET Q q 0 0 0 rg BT 487.62 405.65 Td (an ) Tj ET Q q 0 0 0 rg BT 500.31 405.65 Td (equity ) Tj ET Q q 0 0 0 rg BT 528.55 405.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 561.24 405.65 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 393.65 Td (Penserra. ) Tj ET Q q 0 0 0 rg BT 82.89 393.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 94.56 393.65 Td (. ) Tj ET Q q 0 0 0 rg BT 99.81 393.65 Td (T) Tj ET Q q 0 0 0 rg BT 105.22 393.65 Td (ong) Tj ET Q q 0 0 0 rg BT 123.00 393.65 Td (s ) Tj ET Q q 0 0 0 rg BT 129.86 393.65 Td (compensation ) Tj ET Q q 0 0 0 rg BT 188.36 393.65 Td (is ) Tj ET Q q 0 0 0 rg BT 198.00 393.65 Td (based ) Tj ET Q q 0 0 0 rg BT 223.73 393.65 Td (on ) Tj ET Q q 0 0 0 rg BT 236.69 393.65 Td (the ) Tj ET Q q 0 0 0 rg BT 251.87 393.65 Td (performance ) Tj ET Q q 0 0 0 rg BT 305.36 393.65 Td (and ) Tj ET Q q 0 0 0 rg BT 322.76 393.65 Td (profitability ) Tj ET Q q 0 0 0 rg BT 373.49 393.65 Td (of ) Tj ET Q q 0 0 0 rg BT 384.79 393.65 Td (Penserra ) Tj ET Q q 0 0 0 rg BT 422.18 393.65 Td (and ) Tj ET Q q 0 0 0 rg BT 439.58 393.65 Td (his ) Tj ET Q q 0 0 0 rg BT 454.22 393.65 Td (individual ) Tj ET Q q 0 0 0 rg BT 497.73 393.65 Td (performance ) Tj ET Q q 0 0 0 rg BT 551.22 393.65 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 381.65 Td (respect ) Tj ET Q q 0 0 0 rg BT 73.93 381.65 Td (to ) Tj ET Q q 0 0 0 rg BT 84.32 381.65 Td (following ) Tj ET Q q 0 0 0 rg BT 125.81 381.65 Td (a ) Tj ET Q q 0 0 0 rg BT 132.86 381.65 Td (structured ) Tj ET Q q 0 0 0 rg BT 175.46 381.65 Td (investment ) Tj ET Q q 0 0 0 rg BT 221.95 381.65 Td (process. ) Tj ET Q q 0 0 0 rg BT 257.06 381.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 268.73 381.65 Td (. ) Tj ET Q q 0 0 0 rg BT 273.84 381.65 Td (Desai ) Tj ET Q q 0 0 0 rg BT 299.22 381.65 Td (receives ) Tj ET Q q 0 0 0 rg BT 334.58 381.65 Td (from ) Tj ET Q q 0 0 0 rg BT 356.63 381.65 Td (Penserra ) Tj ET Q q 0 0 0 rg BT 393.67 381.65 Td (a ) Tj ET Q q 0 0 0 rg BT 400.72 381.65 Td (fixed ) Tj ET Q q 0 0 0 rg BT 423.88 381.65 Td (base ) Tj ET Q q 0 0 0 rg BT 444.26 381.65 Td (salary ) Tj ET Q q 0 0 0 rg BT 470.75 381.65 Td (and ) Tj ET Q q 0 0 0 rg BT 487.80 381.65 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 542.61 381.65 Td (bonus, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 369.65 Td (and ) Tj ET Q q 0 0 0 rg BT 60.64 369.65 Td (is ) Tj ET Q q 0 0 0 rg BT 70.50 369.65 Td (also ) Tj ET Q q 0 0 0 rg BT 89.81 369.65 Td (eligible ) Tj ET Q q 0 0 0 rg BT 123.00 369.65 Td (to ) Tj ET Q q 0 0 0 rg BT 133.97 369.65 Td (participate ) Tj ET Q q 0 0 0 rg BT 179.37 369.65 Td (in ) Tj ET Q q 0 0 0 rg BT 190.34 369.65 Td (a ) Tj ET Q q 0 0 0 rg BT 197.98 369.65 Td (retirement ) Tj ET Q q 0 0 0 rg BT 242.26 369.65 Td (plan. ) Tj ET Q q 0 0 0 rg BT 265.18 369.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 276.85 369.65 Td (. ) Tj ET Q q 0 0 0 rg BT 282.54 369.65 Td (Desai) Tj ET Q q 0 0 0 rg BT 308.09 369.65 Td (s ) Tj ET Q q 0 0 0 rg BT 315.18 369.65 Td (compensation ) Tj ET Q q 0 0 0 rg BT 373.92 369.65 Td (is ) Tj ET Q q 0 0 0 rg BT 383.79 369.65 Td (based ) Tj ET Q q 0 0 0 rg BT 409.75 369.65 Td (on ) Tj ET Q q 0 0 0 rg BT 422.95 369.65 Td (the ) Tj ET Q q 0 0 0 rg BT 438.36 369.65 Td (performance ) Tj ET Q q 0 0 0 rg BT 492.08 369.65 Td (and ) Tj ET Q q 0 0 0 rg BT 509.72 369.65 Td (profitability ) Tj ET Q q 0 0 0 rg BT 560.69 369.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 357.65 Td (Penserra ) Tj ET Q q 0 0 0 rg BT 79.93 357.65 Td (and ) Tj ET Q q 0 0 0 rg BT 96.87 357.65 Td (his ) Tj ET Q q 0 0 0 rg BT 111.04 357.65 Td (individual ) Tj ET Q q 0 0 0 rg BT 154.09 357.65 Td (performance ) Tj ET Q q 0 0 0 rg BT 207.11 357.65 Td (with ) Tj ET Q q 0 0 0 rg BT 227.39 357.65 Td (respect ) Tj ET Q q 0 0 0 rg BT 258.21 357.65 Td (to ) Tj ET Q q 0 0 0 rg BT 268.48 357.65 Td (following ) Tj ET Q q 0 0 0 rg BT 309.87 357.65 Td (a ) Tj ET Q q 0 0 0 rg BT 316.81 357.65 Td (structured ) Tj ET Q q 0 0 0 rg BT 359.29 357.65 Td (investment ) Tj ET Q q 0 0 0 rg BT 405.68 357.65 Td (process.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 339.65 Td (Material ) Tj ET Q q 0 0 0 rg BT 82.70 339.65 Td (Conflicts ) Tj ET Q q 0 0 0 rg BT 123.53 339.65 Td (of ) Tj ET Q q 0 0 0 rg BT 134.36 339.65 Td (Inter) Tj ET Q q 0 0 0 rg BT 155.84 339.65 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 321.65 Td (The ) Tj ET Q q 0 0 0 rg BT 61.83 321.65 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 100.11 321.65 Td (managers) Tj ET Q q 0 0 0 rg BT 141.02 321.65 Td ( ) Tj ET Q q 0 0 0 rg BT 144.30 321.65 Td (management ) Tj ET Q q 0 0 0 rg BT 198.68 321.65 Td (of ) Tj ET Q q 0 0 0 rg BT 210.29 321.65 Td (other ) Tj ET Q q 0 0 0 rg BT 238.57 321.65 Td (accounts ) Tj ET Q q 0 0 0 rg BT 281.28 321.65 Td (may ) Tj ET Q q 0 0 0 rg BT 301.78 321.65 Td (give ) Tj ET Q q 0 0 0 rg BT 322.28 321.65 Td (rise ) Tj ET Q q 0 0 0 rg BT 340.01 321.65 Td (to ) Tj ET Q q 0 0 0 rg BT 351.07 321.65 Td (potential ) Tj ET Q q 0 0 0 rg BT 389.35 321.65 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 427.07 321.65 Td (of ) Tj ET Q q 0 0 0 rg BT 438.68 321.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 471.40 321.65 Td (in ) Tj ET Q q 0 0 0 rg BT 482.47 321.65 Td (connection ) Tj ET Q q 0 0 0 rg BT 529.63 321.65 Td (with ) Tj ET Q q 0 0 0 rg BT 550.69 321.65 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 309.65 Td (management ) Tj ET Q q 0 0 0 rg BT 96.45 309.65 Td (of ) Tj ET Q q 0 0 0 rg BT 107.15 309.65 Td (the ) Tj ET Q q 0 0 0 rg BT 121.73 309.65 Td (Fund) Tj ET Q q 0 0 0 rg BT 145.07 309.65 Td (s ) Tj ET Q q 0 0 0 rg BT 151.33 309.65 Td (investments, ) Tj ET Q q 0 0 0 rg BT 203.96 309.65 Td (on ) Tj ET Q q 0 0 0 rg BT 216.33 309.65 Td (the ) Tj ET Q q 0 0 0 rg BT 230.91 309.65 Td (one ) Tj ET Q q 0 0 0 rg BT 247.71 309.65 Td (hand, ) Tj ET Q q 0 0 0 rg BT 272.02 309.65 Td (and ) Tj ET Q q 0 0 0 rg BT 288.82 309.65 Td (the ) Tj ET Q q 0 0 0 rg BT 303.40 309.65 Td (investments ) Tj ET Q q 0 0 0 rg BT 353.54 309.65 Td (of ) Tj ET Q q 0 0 0 rg BT 364.23 309.65 Td (the ) Tj ET Q q 0 0 0 rg BT 378.82 309.65 Td (other ) Tj ET Q q 0 0 0 rg BT 401.73 309.65 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 441.58 309.65 Td (on ) Tj ET Q q 0 0 0 rg BT 453.94 309.65 Td (the ) Tj ET Q q 0 0 0 rg BT 468.52 309.65 Td (other) Tj ET Q q 0 0 0 rg BT 488.52 309.65 Td (. ) Tj ET Q q 0 0 0 rg BT 493.21 309.65 Td (The ) Tj ET Q q 0 0 0 rg BT 511.13 309.65 Td (other ) Tj ET Q q 0 0 0 rg BT 534.04 309.65 Td (accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 297.65 Td (may ) Tj ET Q q 0 0 0 rg BT 63.00 297.65 Td (have ) Tj ET Q q 0 0 0 rg BT 84.66 297.65 Td (similar ) Tj ET Q q 0 0 0 rg BT 115.22 297.65 Td (investment ) Tj ET Q q 0 0 0 rg BT 161.88 297.65 Td (objectives ) Tj ET Q q 0 0 0 rg BT 205.21 297.65 Td (or ) Tj ET Q q 0 0 0 rg BT 216.32 297.65 Td (strategies ) Tj ET Q q 0 0 0 rg BT 256.87 297.65 Td (as ) Tj ET Q q 0 0 0 rg BT 267.98 297.65 Td (the ) Tj ET Q q 0 0 0 rg BT 282.98 297.65 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 308.21 297.65 Td (A) Tj ET Q q 0 0 0 rg BT 314.88 297.65 Td ( ) Tj ET Q q 0 0 0 rg BT 317.66 297.65 Td (potential ) Tj ET Q q 0 0 0 rg BT 355.44 297.65 Td (conflict ) Tj ET Q q 0 0 0 rg BT 388.76 297.65 Td (of ) Tj ET Q q 0 0 0 rg BT 399.88 297.65 Td (interest ) Tj ET Q q 0 0 0 rg BT 432.09 297.65 Td (may ) Tj ET Q q 0 0 0 rg BT 452.09 297.65 Td (arise ) Tj ET Q q 0 0 0 rg BT 473.75 297.65 Td (as ) Tj ET Q q 0 0 0 rg BT 484.87 297.65 Td (a ) Tj ET Q q 0 0 0 rg BT 492.09 297.65 Td (result, ) Tj ET Q q 0 0 0 rg BT 519.59 297.65 Td (whereby ) Tj ET Q q 0 0 0 rg BT 556.80 297.65 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 285.65 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 80.04 285.65 Td (managers ) Tj ET Q q 0 0 0 rg BT 120.39 285.65 Td (could ) Tj ET Q q 0 0 0 rg BT 144.65 285.65 Td (favor ) Tj ET Q q 0 0 0 rg BT 167.79 285.65 Td (one ) Tj ET Q q 0 0 0 rg BT 184.27 285.65 Td (account ) Tj ET Q q 0 0 0 rg BT 217.40 285.65 Td (over ) Tj ET Q q 0 0 0 rg BT 237.21 285.65 Td (another) Tj ET Q q 0 0 0 rg BT 266.65 285.65 Td (. ) Tj ET Q q 0 0 0 rg BT 270.74 285.65 Td (Another ) Tj ET Q q 0 0 0 rg BT 305.55 285.65 Td (potential ) Tj ET Q q 0 0 0 rg BT 342.58 285.65 Td (conflict ) Tj ET Q q 0 0 0 rg BT 375.16 285.65 Td (could ) Tj ET Q q 0 0 0 rg BT 399.42 285.65 Td (include ) Tj ET Q q 0 0 0 rg BT 430.89 285.65 Td (the ) Tj ET Q q 0 0 0 rg BT 445.15 285.65 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 482.19 285.65 Td (managers) Tj ET Q q 0 0 0 rg BT 523.09 285.65 Td ( ) Tj ET Q q 0 0 0 rg BT 525.13 285.65 Td (knowledge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 273.65 Td (about ) Tj ET Q q 0 0 0 rg BT 67.73 273.65 Td (the ) Tj ET Q q 0 0 0 rg BT 82.46 273.65 Td (size, ) Tj ET Q q 0 0 0 rg BT 103.02 273.65 Td (timing, ) Tj ET Q q 0 0 0 rg BT 134.15 273.65 Td (and ) Tj ET Q q 0 0 0 rg BT 151.11 273.65 Td (possible ) Tj ET Q q 0 0 0 rg BT 186.40 273.65 Td (market ) Tj ET Q q 0 0 0 rg BT 216.68 273.65 Td (impact ) Tj ET Q q 0 0 0 rg BT 246.40 273.65 Td (of ) Tj ET Q q 0 0 0 rg BT 257.25 273.65 Td (Fund ) Tj ET Q q 0 0 0 rg BT 280.32 273.65 Td (trades, ) Tj ET Q q 0 0 0 rg BT 309.22 273.65 Td (whereby ) Tj ET Q q 0 0 0 rg BT 346.16 273.65 Td (the ) Tj ET Q q 0 0 0 rg BT 360.89 273.65 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 398.40 273.65 Td (managers ) Tj ET Q q 0 0 0 rg BT 439.23 273.65 Td (could ) Tj ET Q q 0 0 0 rg BT 463.96 273.65 Td (use ) Tj ET Q q 0 0 0 rg BT 479.81 273.65 Td (this ) Tj ET Q q 0 0 0 rg BT 496.77 273.65 Td (information ) Tj ET Q q 0 0 0 rg BT 546.50 273.65 Td (to ) Tj ET Q q 0 0 0 rg BT 556.79 273.65 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 261.65 Td (advantage ) Tj ET Q q 0 0 0 rg BT 85.90 261.65 Td (of ) Tj ET Q q 0 0 0 rg BT 96.60 261.65 Td (other ) Tj ET Q q 0 0 0 rg BT 119.52 261.65 Td (accounts ) Tj ET Q q 0 0 0 rg BT 156.88 261.65 Td (and ) Tj ET Q q 0 0 0 rg BT 173.69 261.65 Td (to ) Tj ET Q q 0 0 0 rg BT 183.83 261.65 Td (the ) Tj ET Q q 0 0 0 rg BT 198.42 261.65 Td (disadvantage ) Tj ET Q q 0 0 0 rg BT 253.00 261.65 Td (of ) Tj ET Q q 0 0 0 rg BT 263.70 261.65 Td (the ) Tj ET Q q 0 0 0 rg BT 278.28 261.65 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 303.72 261.65 Td (However) Tj ET Q q 0 0 0 rg BT 339.97 261.65 Td (, ) Tj ET Q q 0 0 0 rg BT 344.84 261.65 Td (the ) Tj ET Q q 0 0 0 rg BT 359.42 261.65 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 412.35 261.65 Td (has ) Tj ET Q q 0 0 0 rg BT 428.05 261.65 Td (established ) Tj ET Q q 0 0 0 rg BT 474.85 261.65 Td (policies ) Tj ET Q q 0 0 0 rg BT 508.32 261.65 Td (and ) Tj ET Q q 0 0 0 rg BT 525.13 261.65 Td (procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 249.65 Td (to ) Tj ET Q q 0 0 0 rg BT 53.28 249.65 Td (ensure ) Tj ET Q q 0 0 0 rg BT 81.88 249.65 Td (that ) Tj ET Q q 0 0 0 rg BT 99.37 249.65 Td (the ) Tj ET Q q 0 0 0 rg BT 114.09 249.65 Td (purchase ) Tj ET Q q 0 0 0 rg BT 152.13 249.65 Td (and ) Tj ET Q q 0 0 0 rg BT 169.06 249.65 Td (sale ) Tj ET Q q 0 0 0 rg BT 187.11 249.65 Td (of ) Tj ET Q q 0 0 0 rg BT 197.94 249.65 Td (securities ) Tj ET Q q 0 0 0 rg BT 238.21 249.65 Td (among ) Tj ET Q q 0 0 0 rg BT 267.92 249.65 Td (all ) Tj ET Q q 0 0 0 rg BT 280.42 249.65 Td (accounts ) Tj ET Q q 0 0 0 rg BT 317.90 249.65 Td (the ) Tj ET Q q 0 0 0 rg BT 332.62 249.65 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 385.67 249.65 Td (manages ) Tj ET Q q 0 0 0 rg BT 423.16 249.65 Td (are ) Tj ET Q q 0 0 0 rg BT 437.86 249.65 Td (fairly ) Tj ET Q q 0 0 0 rg BT 462.02 249.65 Td (and ) Tj ET Q q 0 0 0 rg BT 478.96 249.65 Td (equitably ) Tj ET Q q 0 0 0 rg BT 518.67 249.65 Td (allocated.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 231.65 Td (T) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.67 231.65 Td (HE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.67 231.65 Td ( D) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 72.40 231.65 Td (ISTRIBUT) Tj ET Q q 0 0 0 rg BT 115.25 231.65 Td (OR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 213.65 Td (The ) Tj ET Q q 0 0 0 rg BT 61.78 213.65 Td (T) Tj ET Q q 0 0 0 rg BT 67.54 213.65 Td (rust ) Tj ET Q q 0 0 0 rg BT 86.02 213.65 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.46 213.65 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.95 213.65 Td (Quasar ) Tj ET Q q 0 0 0 rg BT 135.76 213.65 Td (Distributors, ) Tj ET Q q 0 0 0 rg BT 189.52 213.65 Td (LLC ) Tj ET Q q 0 0 0 rg BT 211.89 213.65 Td (\(the ) Tj ET Q q 0 0 0 rg BT 230.93 213.65 Td (Distributor\), ) Tj ET Q q 0 0 0 rg BT 293.01 213.65 Td (a ) Tj ET Q q 0 0 0 rg BT 300.93 213.65 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 362.19 213.65 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 406.78 213.65 Td (of ) Tj ET Q q 0 0 0 rg BT 418.60 213.65 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 439.87 213.65 Td (Bancorp, ) Tj ET Q q 0 0 0 rg BT 479.73 213.65 Td (and ) Tj ET Q q 0 0 0 rg BT 497.66 213.65 Td (an ) Tj ET Q q 0 0 0 rg BT 510.58 213.65 Td (af) Tj ET Q q 0 0 0 rg BT 518.17 213.65 Td (filiate ) Tj ET Q q 0 0 0 rg BT 544.97 213.65 Td (of ) Tj ET Q q 0 0 0 rg BT 556.79 213.65 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 201.65 Td (Administrator) Tj ET Q q 0 0 0 rg BT 98.70 201.65 Td (, ) Tj ET Q q 0 0 0 rg BT 102.66 201.65 Td (are ) Tj ET Q q 0 0 0 rg BT 116.33 201.65 Td (parties ) Tj ET Q q 0 0 0 rg BT 144.45 201.65 Td (to ) Tj ET Q q 0 0 0 rg BT 153.68 201.65 Td (a ) Tj ET Q q 0 0 0 rg BT 159.58 201.65 Td (distribution ) Tj ET Q q 0 0 0 rg BT 207.16 201.65 Td (agreement ) Tj ET Q q 0 0 0 rg BT 250.26 201.65 Td (\(Distribution ) Tj ET Q q 0 0 0 rg BT 307.50 201.65 Td (Agreement\), ) Tj ET Q q 0 0 0 rg BT 363.65 201.65 Td (whereby ) Tj ET Q q 0 0 0 rg BT 399.54 201.65 Td (the ) Tj ET Q q 0 0 0 rg BT 413.21 201.65 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 458.56 201.65 Td (acts ) Tj ET Q q 0 0 0 rg BT 475.57 201.65 Td (as ) Tj ET Q q 0 0 0 rg BT 485.36 201.65 Td (principal ) Tj ET Q q 0 0 0 rg BT 522.36 201.65 Td (underwriter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 189.65 Td (for ) Tj ET Q q 0 0 0 rg BT 56.67 189.65 Td (the ) Tj ET Q q 0 0 0 rg BT 70.76 189.65 Td (T) Tj ET Q q 0 0 0 rg BT 76.52 189.65 Td (rust ) Tj ET Q q 0 0 0 rg BT 93.53 189.65 Td (and ) Tj ET Q q 0 0 0 rg BT 109.98 189.65 Td (distributes ) Tj ET Q q 0 0 0 rg BT 153.66 189.65 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 184.84 189.65 Td (Shares ) Tj ET Q q 0 0 0 rg BT 213.51 189.65 Td (are ) Tj ET Q q 0 0 0 rg BT 227.73 189.65 Td (continuously ) Tj ET Q q 0 0 0 rg BT 281.41 189.65 Td (of) Tj ET Q q 0 0 0 rg BT 289.56 189.65 Td (fered ) Tj ET Q q 0 0 0 rg BT 312.11 189.65 Td (for ) Tj ET Q q 0 0 0 rg BT 325.79 189.65 Td (sale ) Tj ET Q q 0 0 0 rg BT 343.35 189.65 Td (by ) Tj ET Q q 0 0 0 rg BT 355.36 189.65 Td (the ) Tj ET Q q 0 0 0 rg BT 369.59 189.65 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 415.49 189.65 Td (only ) Tj ET Q q 0 0 0 rg BT 435.29 189.65 Td (in ) Tj ET Q q 0 0 0 rg BT 445.08 189.65 Td (Creation ) Tj ET Q q 0 0 0 rg BT 481.53 189.65 Td (Units. ) Tj ET Q q 0 0 0 rg BT 507.56 189.65 Td (The ) Tj ET Q q 0 0 0 rg BT 525.13 189.65 Td (Distributor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 177.65 Td (will ) Tj ET Q q 0 0 0 rg BT 61.49 177.65 Td (not ) Tj ET Q q 0 0 0 rg BT 77.20 177.65 Td (distribute ) Tj ET Q q 0 0 0 rg BT 117.91 177.65 Td (Shares ) Tj ET Q q 0 0 0 rg BT 147.51 177.65 Td (in ) Tj ET Q q 0 0 0 rg BT 158.22 177.65 Td (amounts ) Tj ET Q q 0 0 0 rg BT 195.04 177.65 Td (less ) Tj ET Q q 0 0 0 rg BT 212.98 177.65 Td (than ) Tj ET Q q 0 0 0 rg BT 233.13 177.65 Td (a ) Tj ET Q q 0 0 0 rg BT 240.50 177.65 Td (Creation ) Tj ET Q q 0 0 0 rg BT 277.87 177.65 Td (Unit ) Tj ET Q q 0 0 0 rg BT 298.58 177.65 Td (and ) Tj ET Q q 0 0 0 rg BT 315.95 177.65 Td (does ) Tj ET Q q 0 0 0 rg BT 337.22 177.65 Td (not ) Tj ET Q q 0 0 0 rg BT 352.93 177.65 Td (maintain ) Tj ET Q q 0 0 0 rg BT 390.86 177.65 Td (a ) Tj ET Q q 0 0 0 rg BT 398.23 177.65 Td (secondary ) Tj ET Q q 0 0 0 rg BT 441.70 177.65 Td (market ) Tj ET Q q 0 0 0 rg BT 472.40 177.65 Td (in ) Tj ET Q q 0 0 0 rg BT 483.11 177.65 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 515.00 177.65 Td (The ) Tj ET Q q 0 0 0 rg BT 533.48 177.65 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 165.65 Td (business ) Tj ET Q q 0 0 0 rg BT 79.39 165.65 Td (address ) Tj ET Q q 0 0 0 rg BT 111.88 165.65 Td (of ) Tj ET Q q 0 0 0 rg BT 122.71 165.65 Td (the ) Tj ET Q q 0 0 0 rg BT 137.43 165.65 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 183.82 165.65 Td (is ) Tj ET Q q 0 0 0 rg BT 192.99 165.65 Td (777 ) Tj ET Q q 0 0 0 rg BT 210.49 165.65 Td (East ) Tj ET Q q 0 0 0 rg BT 230.02 165.65 Td (W) Tj ET Q q 0 0 0 rg BT 239.06 165.65 Td (isconsin ) Tj ET Q q 0 0 0 rg BT 273.79 165.65 Td (A) Tj ET Q q 0 0 0 rg BT 280.27 165.65 Td (venue, ) Tj ET Q q 0 0 0 rg BT 309.14 165.65 Td (6) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 314.14 170.18 Td (th) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.20 165.65 Td ( ) Tj ET Q q 0 0 0 rg BT 321.70 165.65 Td (Floor) Tj ET Q q 0 0 0 rg BT 342.97 165.65 Td (, ) Tj ET Q q 0 0 0 rg BT 347.97 165.65 Td (Milwaukee, ) Tj ET Q q 0 0 0 rg BT 397.77 165.65 Td (W) Tj ET Q q 0 0 0 rg BT 406.81 165.65 Td (isconsin ) Tj ET Q q 0 0 0 rg BT 442.09 165.65 Td (53202. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 147.65 Td (Under ) Tj ET Q q 0 0 0 rg BT 71.26 147.65 Td (the ) Tj ET Q q 0 0 0 rg BT 86.74 147.65 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 137.62 147.65 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 187.81 147.65 Td (the ) Tj ET Q q 0 0 0 rg BT 203.29 147.65 Td (Distributor) Tj ET Q q 0 0 0 rg BT 246.78 147.65 Td (, ) Tj ET Q q 0 0 0 rg BT 252.54 147.65 Td (as ) Tj ET Q q 0 0 0 rg BT 264.14 147.65 Td (agent ) Tj ET Q q 0 0 0 rg BT 289.06 147.65 Td (for ) Tj ET Q q 0 0 0 rg BT 303.98 147.65 Td (the ) Tj ET Q q 0 0 0 rg BT 319.23 147.65 Td (T) Tj ET Q q 0 0 0 rg BT 324.99 147.65 Td (rust, ) Tj ET Q q 0 0 0 rg BT 345.75 147.65 Td (will ) Tj ET Q q 0 0 0 rg BT 364.58 147.65 Td (receive ) Tj ET Q q 0 0 0 rg BT 396.70 147.65 Td (orders ) Tj ET Q q 0 0 0 rg BT 424.96 147.65 Td (for ) Tj ET Q q 0 0 0 rg BT 439.88 147.65 Td (the ) Tj ET Q q 0 0 0 rg BT 455.37 147.65 Td (purchase ) Tj ET Q q 0 0 0 rg BT 494.17 147.65 Td (and ) Tj ET Q q 0 0 0 rg BT 511.87 147.65 Td (redemption ) Tj ET Q q 0 0 0 rg BT 560.68 147.65 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 135.65 Td (Creation ) Tj ET Q q 0 0 0 rg BT 79.39 135.65 Td (Units, ) Tj ET Q q 0 0 0 rg BT 105.52 135.65 Td (provided ) Tj ET Q q 0 0 0 rg BT 143.02 135.65 Td (that ) Tj ET Q q 0 0 0 rg BT 159.98 135.65 Td (any ) Tj ET Q q 0 0 0 rg BT 176.37 135.65 Td (subscriptions ) Tj ET Q q 0 0 0 rg BT 231.11 135.65 Td (and ) Tj ET Q q 0 0 0 rg BT 247.51 135.65 Td (orders ) Tj ET Q q 0 0 0 rg BT 274.46 135.65 Td (will ) Tj ET Q q 0 0 0 rg BT 291.97 135.65 Td (not ) Tj ET Q q 0 0 0 rg BT 306.71 135.65 Td (be ) Tj ET Q q 0 0 0 rg BT 318.10 135.65 Td (binding ) Tj ET Q q 0 0 0 rg BT 350.62 135.65 Td (on ) Tj ET Q q 0 0 0 rg BT 362.58 135.65 Td (the ) Tj ET Q q 0 0 0 rg BT 376.61 135.65 Td (T) Tj ET Q q 0 0 0 rg BT 382.37 135.65 Td (rust ) Tj ET Q q 0 0 0 rg BT 399.32 135.65 Td (until ) Tj ET Q q 0 0 0 rg BT 419.62 135.65 Td (accepted ) Tj ET Q q 0 0 0 rg BT 456.54 135.65 Td (by ) Tj ET Q q 0 0 0 rg BT 468.50 135.65 Td (the ) Tj ET Q q 0 0 0 rg BT 482.54 135.65 Td (T) Tj ET Q q 0 0 0 rg BT 488.29 135.65 Td (rust. ) Tj ET Q q 0 0 0 rg BT 507.61 135.65 Td (The ) Tj ET Q q 0 0 0 rg BT 525.11 135.65 Td (Distributor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 123.65 Td (is ) Tj ET Q q 0 0 0 rg BT 52.17 123.65 Td (a ) Tj ET Q q 0 0 0 rg BT 59.11 123.65 Td (broker) Tj ET Q q 0 0 0 rg BT 85.01 123.65 Td (-dealer ) Tj ET Q q 0 0 0 rg BT 115.26 123.65 Td (registered ) Tj ET Q q 0 0 0 rg BT 157.18 123.65 Td (under ) Tj ET Q q 0 0 0 rg BT 182.45 123.65 Td (the ) Tj ET Q q 0 0 0 rg BT 197.17 123.65 Td (Securities ) Tj ET Q q 0 0 0 rg BT 239.10 123.65 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 280.48 123.65 Td (Act ) Tj ET Q q 0 0 0 rg BT 297.41 123.65 Td (of ) Tj ET Q q 0 0 0 rg BT 308.24 123.65 Td (1934 ) Tj ET Q q 0 0 0 rg BT 330.74 123.65 Td (\(the ) Tj ET Q q 0 0 0 rg BT 348.79 123.65 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 394.60 123.65 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 419.31 123.65 Td (and ) Tj ET Q q 0 0 0 rg BT 436.25 123.65 Td (a ) Tj ET Q q 0 0 0 rg BT 443.19 123.65 Td (member ) Tj ET Q q 0 0 0 rg BT 478.45 123.65 Td (of ) Tj ET Q q 0 0 0 rg BT 489.28 123.65 Td (FINRA. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 105.65 Td (The ) Tj ET Q q 0 0 0 rg BT 61.13 105.65 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 107.60 105.65 Td (may ) Tj ET Q q 0 0 0 rg BT 127.40 105.65 Td (also ) Tj ET Q q 0 0 0 rg BT 146.10 105.65 Td (enter ) Tj ET Q q 0 0 0 rg BT 168.67 105.65 Td (into ) Tj ET Q q 0 0 0 rg BT 186.81 105.65 Td (agreements ) Tj ET Q q 0 0 0 rg BT 234.92 105.65 Td (with ) Tj ET Q q 0 0 0 rg BT 255.29 105.65 Td (securities ) Tj ET Q q 0 0 0 rg BT 295.64 105.65 Td (dealers ) Tj ET Q q 0 0 0 rg BT 326.54 105.65 Td (\(Soliciting ) Tj ET Q q 0 0 0 rg BT 375.78 105.65 Td (Dealers\) ) Tj ET Q q 0 0 0 rg BT 416.67 105.65 Td (who ) Tj ET Q q 0 0 0 rg BT 436.48 105.65 Td (will ) Tj ET Q q 0 0 0 rg BT 454.62 105.65 Td (solicit ) Tj ET Q q 0 0 0 rg BT 481.65 105.65 Td (purchases ) Tj ET Q q 0 0 0 rg BT 523.66 105.65 Td (of ) Tj ET Q q 0 0 0 rg BT 534.57 105.65 Td (Creation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 93.65 Td (Units ) Tj ET Q q 0 0 0 rg BT 67.22 93.65 Td (of ) Tj ET Q q 0 0 0 rg BT 78.10 93.65 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 109.80 93.65 Td (Such ) Tj ET Q q 0 0 0 rg BT 132.35 93.65 Td (Soliciting ) Tj ET Q q 0 0 0 rg BT 173.79 93.65 Td (Dealers ) Tj ET Q q 0 0 0 rg BT 206.88 93.65 Td (may ) Tj ET Q q 0 0 0 rg BT 226.64 93.65 Td (also ) Tj ET Q q 0 0 0 rg BT 245.30 93.65 Td (be ) Tj ET Q q 0 0 0 rg BT 256.72 93.65 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 304.25 93.65 Td (Participants ) Tj ET Q q 0 0 0 rg BT 354.01 93.65 Td (\(as ) Tj ET Q q 0 0 0 rg BT 368.22 93.65 Td (discussed ) Tj ET Q q 0 0 0 rg BT 409.10 93.65 Td (in ) Tj ET Q q 0 0 0 rg BT 419.43 93.65 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 423.8642578125 92.31699218749998 m 571.5068359375 92.31699218749998 l s q 0 0 0 rg BT 423.86 93.65 Td (Procedures ) Tj ET Q q 0 0 0 rg BT 470.84 93.65 Td (for ) Tj ET Q q 0 0 0 rg BT 485.05 93.65 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 523.70 93.65 Td (of ) Tj ET Q q 0 0 0 rg BT 534.57 93.65 Td (Creation ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 80.31699218749998 m 64.669921875 80.31699218749998 l s q 0 0 0 rg BT 43.00 81.65 Td (Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.67 81.65 Td ( ) Tj ET Q q 0 0 0 rg BT 71.61 81.65 Td (below\) ) Tj ET Q q 0 0 0 rg BT 101.88 81.65 Td (or ) Tj ET Q q 0 0 0 rg BT 112.71 81.65 Td (DTC ) Tj ET Q q 0 0 0 rg BT 135.21 81.65 Td (participants ) Tj ET Q q 0 0 0 rg BT 184.36 81.65 Td (\(as ) Tj ET Q q 0 0 0 rg BT 198.52 81.65 Td (defined ) Tj ET Q q 0 0 0 rg BT 231.00 81.65 Td (below\). ) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.74 742.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 110.79 742.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 157.41 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 175.16 742.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 211.79 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 225.65 742.10 Td (two ) Tj ET Q q 0 0 0 rg BT 242.85 742.10 Td (years ) Tj ET Q q 0 0 0 rg BT 266.14 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 287.77 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 299.42 742.10 Td (ef) Tj ET Q q 0 0 0 rg BT 307.01 742.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 336.41 742.10 Td (date ) Tj ET Q q 0 0 0 rg BT 355.26 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.89 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 380.76 742.10 Td (renewable ) Tj ET Q q 0 0 0 rg BT 424.04 742.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 460.67 742.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 498.42 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 502.95 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 520.70 742.10 Td (continuance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 54.72 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 70.33 730.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 121.31 730.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 169.13 730.10 Td (must ) Tj ET Q q 0 0 0 rg BT 191.97 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 204.80 730.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 254.29 730.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 294.89 730.10 Td (at ) Tj ET Q q 0 0 0 rg BT 305.50 730.10 Td (least ) Tj ET Q q 0 0 0 rg BT 327.22 730.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 365.04 730.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 377.88 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 391.27 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.88 730.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 427.49 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.21 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.58 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 460.34 730.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 491.50 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 503.22 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 516.62 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.45 730.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 545.06 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 556.78 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 95.54 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.88 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.10 718.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 142.67 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.11 718.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 173.34 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 185.34 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.56 718.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 218.79 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.12 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 235.57 718.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 271.46 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.79 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.01 718.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 347.30 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 353.06 718.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 382.83 718.10 Td (who ) Tj ET Q q 0 0 0 rg BT 402.06 718.10 Td (have ) Tj ET Q q 0 0 0 rg BT 422.94 718.10 Td (no ) Tj ET Q q 0 0 0 rg BT 434.95 718.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 459.72 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 470.05 718.10 Td (indirect ) Tj ET Q q 0 0 0 rg BT 502.60 718.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 539.59 718.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 53.06 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 67.57 706.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 111.51 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.13 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.63 706.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 186.75 706.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 233.46 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 244.07 706.10 Td (any ) Tj ET Q q 0 0 0 rg BT 260.80 706.10 Td (related ) Tj ET Q q 0 0 0 rg BT 290.29 706.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 336.72 706.10 Td (cast ) Tj ET Q q 0 0 0 rg BT 354.55 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.61 706.10 Td (person ) Tj ET Q q 0 0 0 rg BT 393.56 706.10 Td (at ) Tj ET Q q 0 0 0 rg BT 403.06 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 409.79 706.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 444.29 706.10 Td (called ) Tj ET Q q 0 0 0 rg BT 470.45 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 484.39 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.90 706.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 532.84 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.46 706.10 Td (voting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 55.25 694.10 Td (such ) Tj ET Q q 0 0 0 rg BT 75.83 694.10 Td (approval. ) Tj ET Q q 0 0 0 rg BT 115.41 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 133.20 694.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 183.29 694.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 229.97 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 238.89 694.10 Td (terminable ) Tj ET Q q 0 0 0 rg BT 283.90 694.10 Td (without ) Tj ET Q q 0 0 0 rg BT 316.71 694.10 Td (penalty ) Tj ET Q q 0 0 0 rg BT 348.39 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 360.64 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.95 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 380.70 694.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 397.95 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 410.21 694.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 422.46 694.10 Td (days) Tj ET Q q 0 0 0 rg BT 443.37 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.63 694.10 Td (written ) Tj ET Q q 0 0 0 rg BT 476.20 694.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 502.89 694.10 Td (when ) Tj ET Q q 0 0 0 rg BT 526.80 694.10 Td (authorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.10 Td (either ) Tj ET Q q 0 0 0 rg BT 67.73 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 79.70 682.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 115.55 682.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 134.73 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.03 682.10 Td (its ) Tj ET Q q 0 0 0 rg BT 156.45 682.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 205.08 682.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 232.60 682.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 261.23 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 271.53 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 283.50 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 289.90 682.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 309.09 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.39 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 325.79 682.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 361.64 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.94 682.10 Td (its ) Tj ET Q q 0 0 0 rg BT 383.36 682.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 409.76 682.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 452.83 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 459.24 682.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 495.09 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.39 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.57 682.10 Td (Independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.76 670.10 Td (rustees\), ) Tj ET Q q 0 0 0 rg BT 85.94 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 97.85 670.10 Td (by ) Tj ET Q q 0 0 0 rg BT 111.43 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.23 670.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 174.70 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 188.29 670.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 201.87 670.10 Td (days) Tj ET Q q 0 0 0 rg BT 222.79 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.37 670.10 Td (written ) Tj ET Q q 0 0 0 rg BT 258.28 670.10 Td (notice, ) Tj ET Q q 0 0 0 rg BT 288.80 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.82 670.10 Td (will ) Tj ET Q q 0 0 0 rg BT 325.96 670.10 Td (automatically ) Tj ET Q q 0 0 0 rg BT 383.96 670.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 425.31 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.67 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.47 670.10 Td (event ) Tj ET Q q 0 0 0 rg BT 477.71 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.62 670.10 Td (its ) Tj ET Q q 0 0 0 rg BT 502.65 670.10 Td (assignment. ) Tj ET Q q 0 0 0 rg BT 553.47 670.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 658.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 92.75 658.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 139.00 658.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 175.26 658.10 Td (that ) Tj ET Q q 0 0 0 rg BT 192.07 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.67 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.71 658.10 Td (absence ) Tj ET Q q 0 0 0 rg BT 249.17 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.32 658.10 Td (willful ) Tj ET Q q 0 0 0 rg BT 287.81 658.10 Td (misfeasance, ) Tj ET Q q 0 0 0 rg BT 340.99 658.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 357.25 658.10 Td (faith ) Tj ET Q q 0 0 0 rg BT 377.40 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 387.55 658.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 410.48 658.10 Td (negligence ) Tj ET Q q 0 0 0 rg BT 455.61 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 467.43 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.47 658.10 Td (part ) Tj ET Q q 0 0 0 rg BT 498.84 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.99 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.02 658.10 Td (Distributor) Tj ET Q q 0 0 0 rg BT 566.51 658.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 646.10 Td (or ) Tj ET Q q 0 0 0 rg BT 53.46 646.10 Td (reckless ) Tj ET Q q 0 0 0 rg BT 87.80 646.10 Td (disregard ) Tj ET Q q 0 0 0 rg BT 127.15 646.10 Td (by ) Tj ET Q q 0 0 0 rg BT 139.28 646.10 Td (it ) Tj ET Q q 0 0 0 rg BT 146.97 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.43 646.10 Td (its ) Tj ET Q q 0 0 0 rg BT 169.02 646.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 215.59 646.10 Td (thereunder) Tj ET Q q 0 0 0 rg BT 257.95 646.10 Td (, ) Tj ET Q q 0 0 0 rg BT 262.58 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.93 646.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 322.95 646.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 343.97 646.10 Td (not ) Tj ET Q q 0 0 0 rg BT 358.88 646.10 Td (be ) Tj ET Q q 0 0 0 rg BT 370.46 646.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 394.80 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 408.60 646.10 Td (any ) Tj ET Q q 0 0 0 rg BT 425.17 646.10 Td (action ) Tj ET Q q 0 0 0 rg BT 451.74 646.10 Td (or ) Tj ET Q q 0 0 0 rg BT 462.20 646.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 490.43 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.34 646.10 Td (act ) Tj ET Q q 0 0 0 rg BT 514.13 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.04 646.10 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 634.10 Td (with ) Tj ET Q q 0 0 0 rg BT 63.28 634.10 Td (its ) Tj ET Q q 0 0 0 rg BT 75.23 634.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 101.61 634.10 Td (thereunder) Tj ET Q q 0 0 0 rg BT 143.82 634.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 43.00 616.10 Td (Intermediary ) Tj ET Q q 0 0 0 rg BT 99.30 616.10 Td (Compensation.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 161.26 616.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.68 616.10 Td (The ) Tj ET Q q 0 0 0 rg BT 181.11 616.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 212.37 616.10 Td (, ) Tj ET Q q 0 0 0 rg BT 217.29 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.92 616.10 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 282.07 616.10 Td (, ) Tj ET Q q 0 0 0 rg BT 286.99 616.10 Td (or ) Tj ET Q q 0 0 0 rg BT 297.74 616.10 Td (their ) Tj ET Q q 0 0 0 rg BT 318.48 616.10 Td (af) Tj ET Q q 0 0 0 rg BT 326.07 616.10 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 358.19 616.10 Td (out ) Tj ET Q q 0 0 0 rg BT 373.39 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.14 616.10 Td (their ) Tj ET Q q 0 0 0 rg BT 404.88 616.10 Td (own ) Tj ET Q q 0 0 0 rg BT 424.52 616.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 464.69 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.55 616.10 Td (not ) Tj ET Q q 0 0 0 rg BT 496.74 616.10 Td (out ) Tj ET Q q 0 0 0 rg BT 511.94 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.69 616.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 545.67 616.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 604.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 63.17 604.10 Td (without ) Tj ET Q q 0 0 0 rg BT 95.85 604.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 137.96 604.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 156.19 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.10 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.44 604.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 203.12 604.10 Td (or ) Tj ET Q q 0 0 0 rg BT 213.57 604.10 Td (its ) Tj ET Q q 0 0 0 rg BT 225.14 604.10 Td (shareholders\), ) Tj ET Q q 0 0 0 rg BT 283.63 604.10 Td (may ) Tj ET Q q 0 0 0 rg BT 302.97 604.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 319.54 604.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 348.86 604.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 377.08 604.10 Td (dealers, ) Tj ET Q q 0 0 0 rg BT 410.02 604.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 435.47 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.04 604.10 Td (other ) Tj ET Q q 0 0 0 rg BT 474.71 604.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 511.81 604.10 Td (intermediaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 592.10 Td (\(Intermediaries\) ) Tj ET Q q 0 0 0 rg BT 117.78 592.10 Td (for ) Tj ET Q q 0 0 0 rg BT 130.93 592.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 159.63 592.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 197.22 592.10 Td (related ) Tj ET Q q 0 0 0 rg BT 225.92 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.19 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.90 592.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 273.45 592.10 Td (including ) Tj ET Q q 0 0 0 rg BT 312.72 592.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 364.75 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.02 592.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 411.61 592.10 Td (that ) Tj ET Q q 0 0 0 rg BT 428.10 592.10 Td (are ) Tj ET Q q 0 0 0 rg BT 441.80 592.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 478.84 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.11 592.10 Td (make ) Tj ET Q q 0 0 0 rg BT 511.26 592.10 Td (Intermediaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 580.10 Td (more ) Tj ET Q q 0 0 0 rg BT 66.08 580.10 Td (knowledgeable ) Tj ET Q q 0 0 0 rg BT 129.15 580.10 Td (about ) Tj ET Q q 0 0 0 rg BT 153.91 580.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 194.20 580.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 221.72 580.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 261.19 580.10 Td (including ) Tj ET Q q 0 0 0 rg BT 301.50 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.26 580.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 341.85 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 352.72 580.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.92 580.10 Td (other ) Tj ET Q q 0 0 0 rg BT 390.00 580.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 431.14 580.10 Td (such ) Tj ET Q q 0 0 0 rg BT 452.00 580.10 Td (as ) Tj ET Q q 0 0 0 rg BT 462.87 580.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 505.95 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.92 580.10 Td (educational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 568.10 Td (training ) Tj ET Q q 0 0 0 rg BT 76.77 568.10 Td (or ) Tj ET Q q 0 0 0 rg BT 87.77 568.10 Td (support. ) Tj ET Q q 0 0 0 rg BT 122.74 568.10 Td (These ) Tj ET Q q 0 0 0 rg BT 149.28 568.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 205.81 568.10 Td (are ) Tj ET Q q 0 0 0 rg BT 220.68 568.10 Td (not ) Tj ET Q q 0 0 0 rg BT 236.13 568.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 273.22 568.10 Td (by ) Tj ET Q q 0 0 0 rg BT 285.88 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.77 568.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 323.99 568.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 343.60 568.10 Td (thus, ) Tj ET Q q 0 0 0 rg BT 365.43 568.10 Td (do ) Tj ET Q q 0 0 0 rg BT 378.10 568.10 Td (not ) Tj ET Q q 0 0 0 rg BT 393.54 568.10 Td (result ) Tj ET Q q 0 0 0 rg BT 418.43 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.87 568.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 469.29 568.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 492.52 568.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 533.59 568.10 Td (They ) Tj ET Q q 0 0 0 rg BT 556.80 568.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 556.10 Td (not ) Tj ET Q q 0 0 0 rg BT 58.61 556.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 96.41 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.01 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.06 556.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 140.99 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.25 556.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 197.18 556.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 221.67 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.28 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.33 556.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 266.25 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.52 556.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 322.45 556.10 Td (sections ) Tj ET Q q 0 0 0 rg BT 357.49 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.65 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.70 556.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 407.04 556.10 Td (s ) Tj ET Q q 0 0 0 rg BT 413.76 556.10 Td (Prospectus ) Tj ET Q q 0 0 0 rg BT 459.92 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.18 556.10 Td (they ) Tj ET Q q 0 0 0 rg BT 497.23 556.10 Td (do ) Tj ET Q q 0 0 0 rg BT 510.06 556.10 Td (not ) Tj ET Q q 0 0 0 rg BT 525.66 556.10 Td (change ) Tj ET Q q 0 0 0 rg BT 556.81 556.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 544.10 Td (price ) Tj ET Q q 0 0 0 rg BT 65.00 544.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 84.23 544.10 Td (by ) Tj ET Q q 0 0 0 rg BT 96.24 544.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 134.36 544.10 Td (for ) Tj ET Q q 0 0 0 rg BT 148.03 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.26 544.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 199.81 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.15 544.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 238.82 544.10 Td (or ) Tj ET Q q 0 0 0 rg BT 249.16 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.39 544.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 295.40 544.10 Td (received ) Tj ET Q q 0 0 0 rg BT 331.27 544.10 Td (by ) Tj ET Q q 0 0 0 rg BT 343.28 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 349.73 544.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 398.39 544.10 Td (as ) Tj ET Q q 0 0 0 rg BT 408.73 544.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 446.28 544.10 Td (from ) Tj ET Q q 0 0 0 rg BT 467.73 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.96 544.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 529.51 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.86 544.10 Td (Shares. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 526.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 65.05 526.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 122.65 526.10 Td (may ) Tj ET Q q 0 0 0 rg BT 141.92 526.10 Td (be ) Tj ET Q q 0 0 0 rg BT 153.42 526.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 172.69 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.52 526.10 Td (Intermediaries ) Tj ET Q q 0 0 0 rg BT 242.32 526.10 Td (that ) Tj ET Q q 0 0 0 rg BT 259.37 526.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 291.98 526.10 Td (services ) Tj ET Q q 0 0 0 rg BT 326.24 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.07 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.34 526.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 375.46 526.10 Td (including ) Tj ET Q q 0 0 0 rg BT 415.29 526.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 457.88 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.38 526.10 Td (education ) Tj ET Q q 0 0 0 rg BT 515.30 526.10 Td (support ) Tj ET Q q 0 0 0 rg BT 547.36 526.10 Td (\(such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 514.10 Td (as ) Tj ET Q q 0 0 0 rg BT 54.09 514.10 Td (through ) Tj ET Q q 0 0 0 rg BT 87.96 514.10 Td (conferences, ) Tj ET Q q 0 0 0 rg BT 140.96 514.10 Td (webinars ) Tj ET Q q 0 0 0 rg BT 179.82 514.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.02 514.10 Td (printed ) Tj ET Q q 0 0 0 rg BT 228.11 514.10 Td (communications\). ) Tj ET Q q 0 0 0 rg BT 302.60 514.10 Td (The ) Tj ET Q q 0 0 0 rg BT 320.29 514.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 354.71 514.10 Td (will ) Tj ET Q q 0 0 0 rg BT 373.03 514.10 Td (periodically ) Tj ET Q q 0 0 0 rg BT 423.55 514.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 450.75 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.73 514.10 Td (advisability ) Tj ET Q q 0 0 0 rg BT 515.15 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.24 514.10 Td (continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 53.53 502.10 Td (make ) Tj ET Q q 0 0 0 rg BT 77.94 502.10 Td (these ) Tj ET Q q 0 0 0 rg BT 101.25 502.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 144.83 502.10 Td (Payments ) Tj ET Q q 0 0 0 rg BT 186.47 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.00 502.10 Td (an ) Tj ET Q q 0 0 0 rg BT 209.20 502.10 Td (Intermediary ) Tj ET Q q 0 0 0 rg BT 263.59 502.10 Td (may ) Tj ET Q q 0 0 0 rg BT 283.56 502.10 Td (be ) Tj ET Q q 0 0 0 rg BT 295.76 502.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 340.73 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.26 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.23 502.10 Td (Intermediary) Tj ET Q q 0 0 0 rg BT 417.22 502.10 Td (, ) Tj ET Q q 0 0 0 rg BT 422.48 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.67 502.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 476.31 502.10 Td (that ) Tj ET Q q 0 0 0 rg BT 494.06 502.10 Td (Intermediaries ) Tj ET Q q 0 0 0 rg BT 554.57 502.10 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 54.77 490.10 Td (your ) Tj ET Q q 0 0 0 rg BT 77.10 490.10 Td (adviser) Tj ET Q q 0 0 0 rg BT 105.58 490.10 Td (, ) Tj ET Q q 0 0 0 rg BT 112.07 490.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 142.17 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 154.49 490.10 Td (other ) Tj ET Q q 0 0 0 rg BT 179.03 490.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 226.91 490.10 Td (professional, ) Tj ET Q q 0 0 0 rg BT 282.28 490.10 Td (if ) Tj ET Q q 0 0 0 rg BT 292.39 490.10 Td (any) Tj ET Q q 0 0 0 rg BT 306.18 490.10 Td (, ) Tj ET Q q 0 0 0 rg BT 312.67 490.10 Td (may ) Tj ET Q q 0 0 0 rg BT 333.89 490.10 Td (also ) Tj ET Q q 0 0 0 rg BT 353.99 490.10 Td (be ) Tj ET Q q 0 0 0 rg BT 367.42 490.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 413.63 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.40 490.10 Td (such ) Tj ET Q q 0 0 0 rg BT 447.73 490.10 Td (adviser) Tj ET Q q 0 0 0 rg BT 476.21 490.10 Td (, ) Tj ET Q q 0 0 0 rg BT 482.70 490.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 512.80 490.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.12 490.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 478.10 Td (professional. ) Tj ET Q q 0 0 0 rg BT 96.60 478.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 132.14 478.10 Td (an ) Tj ET Q q 0 0 0 rg BT 143.81 478.10 Td (Intermediary ) Tj ET Q q 0 0 0 rg BT 197.67 478.10 Td (may ) Tj ET Q q 0 0 0 rg BT 217.12 478.10 Td (make ) Tj ET Q q 0 0 0 rg BT 241.00 478.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 280.44 478.10 Td (about ) Tj ET Q q 0 0 0 rg BT 304.88 478.10 Td (what ) Tj ET Q q 0 0 0 rg BT 326.55 478.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 372.65 478.10 Td (options ) Tj ET Q q 0 0 0 rg BT 404.33 478.10 Td (it ) Tj ET Q q 0 0 0 rg BT 412.11 478.10 Td (will ) Tj ET Q q 0 0 0 rg BT 429.89 478.10 Td (make ) Tj ET Q q 0 0 0 rg BT 453.77 478.10 Td (available ) Tj ET Q q 0 0 0 rg BT 492.09 478.10 Td (or ) Tj ET Q q 0 0 0 rg BT 502.64 478.10 Td (recommend, ) Tj ET Q q 0 0 0 rg BT 554.57 478.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 466.10 Td (what ) Tj ET Q q 0 0 0 rg BT 64.94 466.10 Td (services ) Tj ET Q q 0 0 0 rg BT 99.65 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.93 466.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 142.98 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.26 466.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 199.64 466.10 Td (with ) Tj ET Q q 0 0 0 rg BT 219.92 466.10 Td (various ) Tj ET Q q 0 0 0 rg BT 251.86 466.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 291.30 466.10 Td (based ) Tj ET Q q 0 0 0 rg BT 316.57 466.10 Td (on ) Tj ET Q q 0 0 0 rg BT 329.07 466.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 369.90 466.10 Td (it ) Tj ET Q q 0 0 0 rg BT 377.96 466.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 413.21 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 424.05 466.10 Td (is ) Tj ET Q q 0 0 0 rg BT 433.22 466.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 465.71 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.99 466.10 Td (receive, ) Tj ET Q q 0 0 0 rg BT 509.86 466.10 Td (such ) Tj ET Q q 0 0 0 rg BT 530.69 466.10 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 454.10 Td (create ) Tj ET Q q 0 0 0 rg BT 68.57 454.10 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 104.70 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.74 454.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 145.88 454.10 Td (between ) Tj ET Q q 0 0 0 rg BT 180.90 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.82 454.10 Td (Intermediary ) Tj ET Q q 0 0 0 rg BT 248.16 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.30 454.10 Td (its ) Tj ET Q q 0 0 0 rg BT 275.46 454.10 Td (clients. ) Tj ET Q q 0 0 0 rg BT 305.76 454.10 Td (For ) Tj ET Q q 0 0 0 rg BT 321.36 454.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 359.44 454.10 Td (these ) Tj ET Q q 0 0 0 rg BT 381.69 454.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 418.37 454.10 Td (incentives ) Tj ET Q q 0 0 0 rg BT 460.62 454.10 Td (may ) Tj ET Q q 0 0 0 rg BT 479.54 454.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 503.45 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.37 454.10 Td (Intermediary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 53.28 442.10 Td (recommend ) Tj ET Q q 0 0 0 rg BT 102.99 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.71 442.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 140.77 442.10 Td (over ) Tj ET Q q 0 0 0 rg BT 161.05 442.10 Td (other ) Tj ET Q q 0 0 0 rg BT 184.10 442.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 236.69 442.10 Td (The ) Tj ET Q q 0 0 0 rg BT 254.74 442.10 Td (same ) Tj ET Q q 0 0 0 rg BT 277.80 442.10 Td (conflict ) Tj ET Q q 0 0 0 rg BT 310.84 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.68 442.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 353.61 442.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 378.90 442.10 Td (with ) Tj ET Q q 0 0 0 rg BT 399.18 442.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 430.00 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.28 442.10 Td (your ) Tj ET Q q 0 0 0 rg BT 461.11 442.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 498.60 442.10 Td (adviser) Tj ET Q q 0 0 0 rg BT 527.07 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 532.08 442.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 560.68 442.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 430.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 89.38 430.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 140.76 430.10 Td (if ) Tj ET Q q 0 0 0 rg BT 149.37 430.10 Td (he ) Tj ET Q q 0 0 0 rg BT 161.31 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 172.14 430.10 Td (she ) Tj ET Q q 0 0 0 rg BT 187.97 430.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 223.22 430.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 253.49 430.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 294.32 430.10 Td (from ) Tj ET Q q 0 0 0 rg BT 316.26 430.10 Td (his ) Tj ET Q q 0 0 0 rg BT 330.43 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 341.26 430.10 Td (her ) Tj ET Q q 0 0 0 rg BT 356.53 430.10 Td (Intermediary ) Tj ET Q q 0 0 0 rg BT 410.67 430.10 Td (firm. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 409.70 Td (Intermediary ) Tj ET Q q 0 0 0 rg BT 96.42 409.70 Td (information ) Tj ET Q q 0 0 0 rg BT 145.42 409.70 Td (is ) Tj ET Q q 0 0 0 rg BT 153.87 409.70 Td (current ) Tj ET Q q 0 0 0 rg BT 183.97 409.70 Td (only ) Tj ET Q q 0 0 0 rg BT 203.53 409.70 Td (as ) Tj ET Q q 0 0 0 rg BT 213.64 409.70 Td (of ) Tj ET Q q 0 0 0 rg BT 223.75 409.70 Td (the ) Tj ET Q q 0 0 0 rg BT 237.75 409.70 Td (date ) Tj ET Q q 0 0 0 rg BT 256.19 409.70 Td (of ) Tj ET Q q 0 0 0 rg BT 266.30 409.70 Td (this ) Tj ET Q q 0 0 0 rg BT 282.53 409.70 Td (SAI.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 301.14 409.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.28 409.70 Td (Please ) Tj ET Q q 0 0 0 rg BT 330.61 409.70 Td (contact ) Tj ET Q q 0 0 0 rg BT 361.27 409.70 Td (your ) Tj ET Q q 0 0 0 rg BT 381.38 409.70 Td (adviser) Tj ET Q q 0 0 0 rg BT 409.86 409.70 Td (, ) Tj ET Q q 0 0 0 rg BT 414.14 409.70 Td (broker ) Tj ET Q q 0 0 0 rg BT 442.02 409.70 Td (or ) Tj ET Q q 0 0 0 rg BT 452.13 409.70 Td (other ) Tj ET Q q 0 0 0 rg BT 474.46 409.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 520.12 409.70 Td (professional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 397.70 Td (for ) Tj ET Q q 0 0 0 rg BT 57.53 397.70 Td (more ) Tj ET Q q 0 0 0 rg BT 80.94 397.70 Td (information ) Tj ET Q q 0 0 0 rg BT 131.02 397.70 Td (regarding ) Tj ET Q q 0 0 0 rg BT 172.21 397.70 Td (any ) Tj ET Q q 0 0 0 rg BT 189.52 397.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 230.71 397.70 Td (his ) Tj ET Q q 0 0 0 rg BT 245.25 397.70 Td (or ) Tj ET Q q 0 0 0 rg BT 256.45 397.70 Td (her ) Tj ET Q q 0 0 0 rg BT 272.08 397.70 Td (Intermediary ) Tj ET Q q 0 0 0 rg BT 326.59 397.70 Td (firm ) Tj ET Q q 0 0 0 rg BT 346.68 397.70 Td (may ) Tj ET Q q 0 0 0 rg BT 366.76 397.70 Td (receive. ) Tj ET Q q 0 0 0 rg BT 400.36 397.70 Td (Any ) Tj ET Q q 0 0 0 rg BT 420.45 397.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 461.65 397.70 Td (made ) Tj ET Q q 0 0 0 rg BT 486.17 397.70 Td (by ) Tj ET Q q 0 0 0 rg BT 499.04 397.70 Td (the ) Tj ET Q q 0 0 0 rg BT 513.49 397.70 Td (Adviser) Tj ET Q q 0 0 0 rg BT 544.75 397.70 Td (, ) Tj ET Q q 0 0 0 rg BT 550.12 397.70 Td (Sub-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 385.70 Td (Adviser) Tj ET Q q 0 0 0 rg BT 74.26 385.70 Td (, ) Tj ET Q q 0 0 0 rg BT 79.26 385.70 Td (or ) Tj ET Q q 0 0 0 rg BT 90.09 385.70 Td (their ) Tj ET Q q 0 0 0 rg BT 110.92 385.70 Td (af) Tj ET Q q 0 0 0 rg BT 118.50 385.70 Td (filiates ) Tj ET Q q 0 0 0 rg BT 148.21 385.70 Td (to ) Tj ET Q q 0 0 0 rg BT 158.49 385.70 Td (an ) Tj ET Q q 0 0 0 rg BT 170.43 385.70 Td (Intermediary ) Tj ET Q q 0 0 0 rg BT 224.57 385.70 Td (may ) Tj ET Q q 0 0 0 rg BT 244.29 385.70 Td (create ) Tj ET Q q 0 0 0 rg BT 270.65 385.70 Td (the ) Tj ET Q q 0 0 0 rg BT 285.37 385.70 Td (incentive ) Tj ET Q q 0 0 0 rg BT 324.52 385.70 Td (for ) Tj ET Q q 0 0 0 rg BT 338.68 385.70 Td (an ) Tj ET Q q 0 0 0 rg BT 350.62 385.70 Td (Intermediary ) Tj ET Q q 0 0 0 rg BT 404.76 385.70 Td (to ) Tj ET Q q 0 0 0 rg BT 415.04 385.70 Td (encourage ) Tj ET Q q 0 0 0 rg BT 458.62 385.70 Td (customers ) Tj ET Q q 0 0 0 rg BT 501.67 385.70 Td (to ) Tj ET Q q 0 0 0 rg BT 511.95 385.70 Td (buy ) Tj ET Q q 0 0 0 rg BT 529.45 385.70 Td (Shares. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 367.70 Td (If ) Tj ET Q q 0 0 0 rg BT 52.16 367.70 Td (you ) Tj ET Q q 0 0 0 rg BT 69.66 367.70 Td (have ) Tj ET Q q 0 0 0 rg BT 91.04 367.70 Td (any ) Tj ET Q q 0 0 0 rg BT 107.98 367.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 150.47 367.70 Td (questions, ) Tj ET Q q 0 0 0 rg BT 193.24 367.70 Td (please ) Tj ET Q q 0 0 0 rg BT 220.73 367.70 Td (call ) Tj ET Q q 0 0 0 rg BT 237.66 367.70 Td (1-800-617-0004. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 43.00 349.70 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 95.26 349.70 Td (and ) Tj ET Q q 0 0 0 rg BT 113.07 349.70 Td (Service ) Tj ET Q q 0 0 0 rg BT 145.29 349.70 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.24 349.70 Td ( ) Tj ET Q q 0 0 0 rg BT 169.32 349.70 Td (The ) Tj ET Q q 0 0 0 rg BT 186.95 349.70 Td (T) Tj ET Q q 0 0 0 rg BT 192.71 349.70 Td (rust ) Tj ET Q q 0 0 0 rg BT 209.95 349.70 Td (has ) Tj ET Q q 0 0 0 rg BT 225.52 349.70 Td (adopted ) Tj ET Q q 0 0 0 rg BT 259.42 349.70 Td (a ) Tj ET Q q 0 0 0 rg BT 266.10 349.70 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 316.68 349.70 Td (and ) Tj ET Q q 0 0 0 rg BT 333.36 349.70 Td (Service ) Tj ET Q q 0 0 0 rg BT 365.59 349.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 385.61 349.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 403.40 349.70 Td (Plan\) ) Tj ET Q q 0 0 0 rg BT 435.63 349.70 Td (in ) Tj ET Q q 0 0 0 rg BT 445.65 349.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 492.85 349.70 Td (with ) Tj ET Q q 0 0 0 rg BT 512.87 349.70 Td (the ) Tj ET Q q 0 0 0 rg BT 527.33 349.70 Td (provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 337.70 Td (of ) Tj ET Q q 0 0 0 rg BT 53.33 337.70 Td (Rule ) Tj ET Q q 0 0 0 rg BT 74.22 337.70 Td (12b-1 ) Tj ET Q q 0 0 0 rg BT 99.55 337.70 Td (under ) Tj ET Q q 0 0 0 rg BT 124.32 337.70 Td (the ) Tj ET Q q 0 0 0 rg BT 138.54 337.70 Td (1940 ) Tj ET Q q 0 0 0 rg BT 160.10 337.70 Td (Act, ) Tj ET Q q 0 0 0 rg BT 179.04 337.70 Td (which ) Tj ET Q q 0 0 0 rg BT 205.48 337.70 Td (regulates ) Tj ET Q q 0 0 0 rg BT 243.57 337.70 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 302.21 337.70 Td (under ) Tj ET Q q 0 0 0 rg BT 326.98 337.70 Td (which ) Tj ET Q q 0 0 0 rg BT 353.42 337.70 Td (an ) Tj ET Q q 0 0 0 rg BT 364.86 337.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 410.74 337.70 Td (company ) Tj ET Q q 0 0 0 rg BT 449.40 337.70 Td (may ) Tj ET Q q 0 0 0 rg BT 468.62 337.70 Td (directly ) Tj ET Q q 0 0 0 rg BT 501.16 337.70 Td (or ) Tj ET Q q 0 0 0 rg BT 511.49 337.70 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 551.81 337.70 Td (bear ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 325.70 Td (expenses ) Tj ET Q q 0 0 0 rg BT 81.69 325.70 Td (relating ) Tj ET Q q 0 0 0 rg BT 114.82 325.70 Td (to ) Tj ET Q q 0 0 0 rg BT 125.19 325.70 Td (the ) Tj ET Q q 0 0 0 rg BT 140.00 325.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 188.70 325.70 Td (of ) Tj ET Q q 0 0 0 rg BT 199.62 325.70 Td (its ) Tj ET Q q 0 0 0 rg BT 211.66 325.70 Td (shares. ) Tj ET Q q 0 0 0 rg BT 241.74 325.70 Td (No ) Tj ET Q q 0 0 0 rg BT 256.55 325.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 297.47 325.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 334.50 325.70 Td (to ) Tj ET Q q 0 0 0 rg BT 344.87 325.70 Td (the ) Tj ET Q q 0 0 0 rg BT 359.67 325.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 380.04 325.70 Td (are ) Tj ET Q q 0 0 0 rg BT 394.84 325.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 432.96 325.70 Td (to ) Tj ET Q q 0 0 0 rg BT 443.33 325.70 Td (be ) Tj ET Q q 0 0 0 rg BT 455.36 325.70 Td (made ) Tj ET Q q 0 0 0 rg BT 479.60 325.70 Td (during ) Tj ET Q q 0 0 0 rg BT 508.30 325.70 Td (the ) Tj ET Q q 0 0 0 rg BT 523.11 325.70 Td (twelve ) Tj ET Q q 0 0 0 rg BT 552.36 325.70 Td (\(12\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 313.70 Td (month ) Tj ET Q q 0 0 0 rg BT 71.17 313.70 Td (period ) Tj ET Q q 0 0 0 rg BT 99.33 313.70 Td (from ) Tj ET Q q 0 0 0 rg BT 121.38 313.70 Td (the ) Tj ET Q q 0 0 0 rg BT 136.20 313.70 Td (date ) Tj ET Q q 0 0 0 rg BT 155.47 313.70 Td (of ) Tj ET Q q 0 0 0 rg BT 166.41 313.70 Td (this ) Tj ET Q q 0 0 0 rg BT 183.47 313.70 Td (SAI. ) Tj ET Q q 0 0 0 rg BT 204.70 313.70 Td (Rule ) Tj ET Q q 0 0 0 rg BT 226.19 313.70 Td (12b-1 ) Tj ET Q q 0 0 0 rg BT 252.14 313.70 Td (fees ) Tj ET Q q 0 0 0 rg BT 270.85 313.70 Td (to ) Tj ET Q q 0 0 0 rg BT 281.24 313.70 Td (be ) Tj ET Q q 0 0 0 rg BT 293.29 313.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 313.11 313.70 Td (by ) Tj ET Q q 0 0 0 rg BT 325.72 313.70 Td (the ) Tj ET Q q 0 0 0 rg BT 340.55 313.70 Td (Fund ) Tj ET Q q 0 0 0 rg BT 363.73 313.70 Td (under ) Tj ET Q q 0 0 0 rg BT 389.11 313.70 Td (the ) Tj ET Q q 0 0 0 rg BT 403.93 313.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 424.32 313.70 Td (may ) Tj ET Q q 0 0 0 rg BT 444.15 313.70 Td (only ) Tj ET Q q 0 0 0 rg BT 464.54 313.70 Td (be ) Tj ET Q q 0 0 0 rg BT 476.59 313.70 Td (imposed ) Tj ET Q q 0 0 0 rg BT 513.09 313.70 Td (after ) Tj ET Q q 0 0 0 rg BT 534.02 313.70 Td (approval ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 301.70 Td (by ) Tj ET Q q 0 0 0 rg BT 55.50 301.70 Td (the ) Tj ET Q q 0 0 0 rg BT 70.22 301.70 Td (Board.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 283.70 Td (Continuance ) Tj ET Q q 0 0 0 rg BT 96.02 283.70 Td (of ) Tj ET Q q 0 0 0 rg BT 106.82 283.70 Td (the ) Tj ET Q q 0 0 0 rg BT 121.52 283.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 141.77 283.70 Td (must ) Tj ET Q q 0 0 0 rg BT 163.69 283.70 Td (be ) Tj ET Q q 0 0 0 rg BT 175.61 283.70 Td (approved ) Tj ET Q q 0 0 0 rg BT 215.29 283.70 Td (annually ) Tj ET Q q 0 0 0 rg BT 252.20 283.70 Td (by ) Tj ET Q q 0 0 0 rg BT 264.67 283.70 Td (a ) Tj ET Q q 0 0 0 rg BT 271.59 283.70 Td (majority ) Tj ET Q q 0 0 0 rg BT 307.95 283.70 Td (of ) Tj ET Q q 0 0 0 rg BT 318.75 283.70 Td (the ) Tj ET Q q 0 0 0 rg BT 333.27 283.70 Td (T) Tj ET Q q 0 0 0 rg BT 339.02 283.70 Td (rustees ) Tj ET Q q 0 0 0 rg BT 369.27 283.70 Td (of ) Tj ET Q q 0 0 0 rg BT 380.07 283.70 Td (the ) Tj ET Q q 0 0 0 rg BT 394.59 283.70 Td (T) Tj ET Q q 0 0 0 rg BT 400.34 283.70 Td (rust ) Tj ET Q q 0 0 0 rg BT 417.82 283.70 Td (and ) Tj ET Q q 0 0 0 rg BT 434.73 283.70 Td (by ) Tj ET Q q 0 0 0 rg BT 447.21 283.70 Td (a ) Tj ET Q q 0 0 0 rg BT 454.12 283.70 Td (majority ) Tj ET Q q 0 0 0 rg BT 490.48 283.70 Td (of ) Tj ET Q q 0 0 0 rg BT 501.29 283.70 Td (the ) Tj ET Q q 0 0 0 rg BT 515.80 283.70 Td (T) Tj ET Q q 0 0 0 rg BT 521.56 283.70 Td (rustees ) Tj ET Q q 0 0 0 rg BT 551.80 283.70 Td (who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 271.70 Td (are ) Tj ET Q q 0 0 0 rg BT 57.95 271.70 Td (not ) Tj ET Q q 0 0 0 rg BT 73.46 271.70 Td (interested ) Tj ET Q q 0 0 0 rg BT 115.07 271.70 Td (persons ) Tj ET Q q 0 0 0 rg BT 148.36 271.70 Td (\(as ) Tj ET Q q 0 0 0 rg BT 162.76 271.70 Td (defined ) Tj ET Q q 0 0 0 rg BT 195.48 271.70 Td (in ) Tj ET Q q 0 0 0 rg BT 206.00 271.70 Td (the ) Tj ET Q q 0 0 0 rg BT 220.96 271.70 Td (1940 ) Tj ET Q q 0 0 0 rg BT 243.09 271.70 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 263.60 271.70 Td (of ) Tj ET Q q 0 0 0 rg BT 274.67 271.70 Td (the ) Tj ET Q q 0 0 0 rg BT 289.42 271.70 Td (T) Tj ET Q q 0 0 0 rg BT 295.18 271.70 Td (rust ) Tj ET Q q 0 0 0 rg BT 312.92 271.70 Td (and ) Tj ET Q q 0 0 0 rg BT 330.09 271.70 Td (have ) Tj ET Q q 0 0 0 rg BT 351.71 271.70 Td (no ) Tj ET Q q 0 0 0 rg BT 364.45 271.70 Td (direct ) Tj ET Q q 0 0 0 rg BT 389.95 271.70 Td (or ) Tj ET Q q 0 0 0 rg BT 401.02 271.70 Td (indirect ) Tj ET Q q 0 0 0 rg BT 434.30 271.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 472.02 271.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 504.19 271.70 Td (in ) Tj ET Q q 0 0 0 rg BT 514.71 271.70 Td (the ) Tj ET Q q 0 0 0 rg BT 529.66 271.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 550.18 271.70 Td (or ) Tj ET Q q 0 0 0 rg BT 561.25 271.70 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 259.70 Td (any ) Tj ET Q q 0 0 0 rg BT 59.60 259.70 Td (agreements ) Tj ET Q q 0 0 0 rg BT 107.29 259.70 Td (related ) Tj ET Q q 0 0 0 rg BT 136.65 259.70 Td (to ) Tj ET Q q 0 0 0 rg BT 146.59 259.70 Td (the ) Tj ET Q q 0 0 0 rg BT 160.97 259.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 180.90 259.70 Td (\(Qualified ) Tj ET Q q 0 0 0 rg BT 228.44 259.70 Td (T) Tj ET Q q 0 0 0 rg BT 234.20 259.70 Td (rustees\). ) Tj ET Q q 0 0 0 rg BT 274.24 259.70 Td (The ) Tj ET Q q 0 0 0 rg BT 291.94 259.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 311.88 259.70 Td (requires ) Tj ET Q q 0 0 0 rg BT 346.25 259.70 Td (that ) Tj ET Q q 0 0 0 rg BT 363.40 259.70 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 401.66 259.70 Td (written ) Tj ET Q q 0 0 0 rg BT 432.14 259.70 Td (reports ) Tj ET Q q 0 0 0 rg BT 462.07 259.70 Td (of ) Tj ET Q q 0 0 0 rg BT 472.56 259.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 508.61 259.70 Td (spent ) Tj ET Q q 0 0 0 rg BT 531.87 259.70 Td (under ) Tj ET Q q 0 0 0 rg BT 556.80 259.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 247.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 63.27 247.70 Td (and ) Tj ET Q q 0 0 0 rg BT 80.21 247.70 Td (the ) Tj ET Q q 0 0 0 rg BT 94.92 247.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 132.97 247.70 Td (of ) Tj ET Q q 0 0 0 rg BT 143.80 247.70 Td (such ) Tj ET Q q 0 0 0 rg BT 164.63 247.70 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 218.22 247.70 Td (be ) Tj ET Q q 0 0 0 rg BT 230.15 247.70 Td (furnished ) Tj ET Q q 0 0 0 rg BT 270.42 247.70 Td (to ) Tj ET Q q 0 0 0 rg BT 280.69 247.70 Td (and ) Tj ET Q q 0 0 0 rg BT 297.63 247.70 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 336.77 247.70 Td (by ) Tj ET Q q 0 0 0 rg BT 349.26 247.70 Td (the ) Tj ET Q q 0 0 0 rg BT 363.80 247.70 Td (T) Tj ET Q q 0 0 0 rg BT 369.55 247.70 Td (rustees. ) Tj ET Q q 0 0 0 rg BT 402.14 247.70 Td (The ) Tj ET Q q 0 0 0 rg BT 420.18 247.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 440.46 247.70 Td (may ) Tj ET Q q 0 0 0 rg BT 460.17 247.70 Td (not ) Tj ET Q q 0 0 0 rg BT 475.44 247.70 Td (be ) Tj ET Q q 0 0 0 rg BT 487.38 247.70 Td (amended ) Tj ET Q q 0 0 0 rg BT 525.97 247.70 Td (to ) Tj ET Q q 0 0 0 rg BT 536.25 247.70 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 235.70 Td (materially ) Tj ET Q q 0 0 0 rg BT 85.58 235.70 Td (the ) Tj ET Q q 0 0 0 rg BT 99.85 235.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 131.89 235.70 Td (that ) Tj ET Q q 0 0 0 rg BT 148.93 235.70 Td (may ) Tj ET Q q 0 0 0 rg BT 168.20 235.70 Td (be ) Tj ET Q q 0 0 0 rg BT 179.68 235.70 Td (spent ) Tj ET Q q 0 0 0 rg BT 202.84 235.70 Td (thereunder ) Tj ET Q q 0 0 0 rg BT 247.64 235.70 Td (without ) Tj ET Q q 0 0 0 rg BT 280.24 235.70 Td (approval ) Tj ET Q q 0 0 0 rg BT 317.28 235.70 Td (by ) Tj ET Q q 0 0 0 rg BT 329.32 235.70 Td (a ) Tj ET Q q 0 0 0 rg BT 335.81 235.70 Td (majority ) Tj ET Q q 0 0 0 rg BT 371.74 235.70 Td (of ) Tj ET Q q 0 0 0 rg BT 382.12 235.70 Td (the ) Tj ET Q q 0 0 0 rg BT 396.38 235.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 445.09 235.70 Td (shares ) Tj ET Q q 0 0 0 rg BT 472.13 235.70 Td (of ) Tj ET Q q 0 0 0 rg BT 482.51 235.70 Td (the ) Tj ET Q q 0 0 0 rg BT 496.77 235.70 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 521.43 235.70 Td (All ) Tj ET Q q 0 0 0 rg BT 536.26 235.70 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 223.70 Td (amendments ) Tj ET Q q 0 0 0 rg BT 96.04 223.70 Td (of ) Tj ET Q q 0 0 0 rg BT 106.87 223.70 Td (the ) Tj ET Q q 0 0 0 rg BT 121.59 223.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 141.87 223.70 Td (will ) Tj ET Q q 0 0 0 rg BT 159.92 223.70 Td (require ) Tj ET Q q 0 0 0 rg BT 190.74 223.70 Td (approval ) Tj ET Q q 0 0 0 rg BT 228.22 223.70 Td (by ) Tj ET Q q 0 0 0 rg BT 240.72 223.70 Td (a ) Tj ET Q q 0 0 0 rg BT 247.66 223.70 Td (majority ) Tj ET Q q 0 0 0 rg BT 284.04 223.70 Td (of ) Tj ET Q q 0 0 0 rg BT 294.88 223.70 Td (the ) Tj ET Q q 0 0 0 rg BT 309.41 223.70 Td (T) Tj ET Q q 0 0 0 rg BT 315.17 223.70 Td (rustees ) Tj ET Q q 0 0 0 rg BT 345.44 223.70 Td (of ) Tj ET Q q 0 0 0 rg BT 356.27 223.70 Td (the ) Tj ET Q q 0 0 0 rg BT 370.80 223.70 Td (T) Tj ET Q q 0 0 0 rg BT 376.56 223.70 Td (rust ) Tj ET Q q 0 0 0 rg BT 394.06 223.70 Td (and ) Tj ET Q q 0 0 0 rg BT 411.00 223.70 Td (of ) Tj ET Q q 0 0 0 rg BT 421.83 223.70 Td (the ) Tj ET Q q 0 0 0 rg BT 436.54 223.70 Td (Qualified ) Tj ET Q q 0 0 0 rg BT 476.63 223.70 Td (T) Tj ET Q q 0 0 0 rg BT 482.38 223.70 Td (rustees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 205.70 Td (The ) Tj ET Q q 0 0 0 rg BT 61.23 205.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 81.68 205.70 Td (provides ) Tj ET Q q 0 0 0 rg BT 118.80 205.70 Td (that ) Tj ET Q q 0 0 0 rg BT 136.48 205.70 Td (the ) Tj ET Q q 0 0 0 rg BT 151.37 205.70 Td (Fund ) Tj ET Q q 0 0 0 rg BT 174.62 205.70 Td (pays ) Tj ET Q q 0 0 0 rg BT 195.63 205.70 Td (the ) Tj ET Q q 0 0 0 rg BT 210.52 205.70 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 257.09 205.70 Td (an ) Tj ET Q q 0 0 0 rg BT 269.21 205.70 Td (annual ) Tj ET Q q 0 0 0 rg BT 298.54 205.70 Td (fee ) Tj ET Q q 0 0 0 rg BT 313.43 205.70 Td (of ) Tj ET Q q 0 0 0 rg BT 324.44 205.70 Td (up ) Tj ET Q q 0 0 0 rg BT 337.12 205.70 Td (to ) Tj ET Q q 0 0 0 rg BT 347.58 205.70 Td (a ) Tj ET Q q 0 0 0 rg BT 354.69 205.70 Td (maximum ) Tj ET Q q 0 0 0 rg BT 397.92 205.70 Td (of ) Tj ET Q q 0 0 0 rg BT 408.93 205.70 Td (0.25% ) Tj ET Q q 0 0 0 rg BT 437.44 205.70 Td (of ) Tj ET Q q 0 0 0 rg BT 448.45 205.70 Td (the ) Tj ET Q q 0 0 0 rg BT 463.35 205.70 Td (average ) Tj ET Q q 0 0 0 rg BT 497.11 205.70 Td (daily ) Tj ET Q q 0 0 0 rg BT 519.79 205.70 Td (net ) Tj ET Q q 0 0 0 rg BT 534.69 205.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 560.70 205.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 193.70 Td (the ) Tj ET Q q 0 0 0 rg BT 59.69 193.70 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 93.33 193.70 Td (Under ) Tj ET Q q 0 0 0 rg BT 122.80 193.70 Td (the ) Tj ET Q q 0 0 0 rg BT 139.49 193.70 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 164.25 193.70 Td (the ) Tj ET Q q 0 0 0 rg BT 180.94 193.70 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 229.31 193.70 Td (may ) Tj ET Q q 0 0 0 rg BT 251.00 193.70 Td (make ) Tj ET Q q 0 0 0 rg BT 277.13 193.70 Td (payments ) Tj ET Q q 0 0 0 rg BT 319.93 193.70 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 358.85 193.70 Td (to ) Tj ET Q q 0 0 0 rg BT 371.10 193.70 Td (written ) Tj ET Q q 0 0 0 rg BT 403.91 193.70 Td (agreements ) Tj ET Q q 0 0 0 rg BT 453.92 193.70 Td (to ) Tj ET Q q 0 0 0 rg BT 466.17 193.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 505.63 193.70 Td (institutions ) Tj ET Q q 0 0 0 rg BT 554.56 193.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 181.70 Td (intermediaries ) Tj ET Q q 0 0 0 rg BT 102.16 181.70 Td (such ) Tj ET Q q 0 0 0 rg BT 122.45 181.70 Td (as ) Tj ET Q q 0 0 0 rg BT 132.75 181.70 Td (banks, ) Tj ET Q q 0 0 0 rg BT 160.54 181.70 Td (savings ) Tj ET Q q 0 0 0 rg BT 192.50 181.70 Td (and ) Tj ET Q q 0 0 0 rg BT 208.90 181.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 228.08 181.70 Td (associations ) Tj ET Q q 0 0 0 rg BT 278.37 181.70 Td (and ) Tj ET Q q 0 0 0 rg BT 294.77 181.70 Td (insurance ) Tj ET Q q 0 0 0 rg BT 335.05 181.70 Td (companies ) Tj ET Q q 0 0 0 rg BT 379.78 181.70 Td (including, ) Tj ET Q q 0 0 0 rg BT 422.01 181.70 Td (without ) Tj ET Q q 0 0 0 rg BT 454.53 181.70 Td (limit, ) Tj ET Q q 0 0 0 rg BT 477.89 181.70 Td (investment ) Tj ET Q q 0 0 0 rg BT 523.73 181.70 Td (counselors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 169.70 Td (broker) Tj ET Q q 0 0 0 rg BT 68.90 169.70 Td (-dealers ) Tj ET Q q 0 0 0 rg BT 101.96 169.70 Td (and ) Tj ET Q q 0 0 0 rg BT 117.82 169.70 Td (the ) Tj ET Q q 0 0 0 rg BT 131.46 169.70 Td (Distributor) Tj ET Q q 0 0 0 rg BT 175.72 169.70 Td () Tj ET Q q 0 0 0 rg BT 178.50 169.70 Td (s ) Tj ET Q q 0 0 0 rg BT 183.81 169.70 Td (af) Tj ET Q q 0 0 0 rg BT 191.40 169.70 Td (filiates ) Tj ET Q q 0 0 0 rg BT 220.03 169.70 Td (and ) Tj ET Q q 0 0 0 rg BT 235.89 169.70 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 284.53 169.70 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 333.85 169.70 Td (, ) Tj ET Q q 0 0 0 rg BT 337.78 169.70 Td (Agents\) ) Tj ET Q q 0 0 0 rg BT 379.73 169.70 Td (as ) Tj ET Q q 0 0 0 rg BT 389.48 169.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 446.45 169.70 Td (for ) Tj ET Q q 0 0 0 rg BT 459.53 169.70 Td (services ) Tj ET Q q 0 0 0 rg BT 493.16 169.70 Td (and ) Tj ET Q q 0 0 0 rg BT 509.02 169.70 Td (reimbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 157.70 Td (of ) Tj ET Q q 0 0 0 rg BT 53.15 157.70 Td (expenses ) Tj ET Q q 0 0 0 rg BT 91.06 157.70 Td (incurred ) Tj ET Q q 0 0 0 rg BT 126.19 157.70 Td (in ) Tj ET Q q 0 0 0 rg BT 135.78 157.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 181.47 157.70 Td (with ) Tj ET Q q 0 0 0 rg BT 201.07 157.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 248.99 157.70 Td (assistance. ) Tj ET Q q 0 0 0 rg BT 293.16 157.70 Td (The ) Tj ET Q q 0 0 0 rg BT 310.53 157.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 330.12 157.70 Td (is ) Tj ET Q q 0 0 0 rg BT 338.60 157.70 Td (characterized ) Tj ET Q q 0 0 0 rg BT 393.71 157.70 Td (as ) Tj ET Q q 0 0 0 rg BT 403.85 157.70 Td (a ) Tj ET Q q 0 0 0 rg BT 410.11 157.70 Td (compensation ) Tj ET Q q 0 0 0 rg BT 467.46 157.70 Td (plan ) Tj ET Q q 0 0 0 rg BT 486.50 157.70 Td (since ) Tj ET Q q 0 0 0 rg BT 508.86 157.70 Td (the ) Tj ET Q q 0 0 0 rg BT 522.89 157.70 Td (distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 145.70 Td (fee ) Tj ET Q q 0 0 0 rg BT 57.72 145.70 Td (will ) Tj ET Q q 0 0 0 rg BT 75.79 145.70 Td (be ) Tj ET Q q 0 0 0 rg BT 87.74 145.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 107.47 145.70 Td (to ) Tj ET Q q 0 0 0 rg BT 117.77 145.70 Td (the ) Tj ET Q q 0 0 0 rg BT 132.50 145.70 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 178.90 145.70 Td (without ) Tj ET Q q 0 0 0 rg BT 211.97 145.70 Td (regard ) Tj ET Q q 0 0 0 rg BT 240.02 145.70 Td (to ) Tj ET Q q 0 0 0 rg BT 250.31 145.70 Td (the ) Tj ET Q q 0 0 0 rg BT 265.04 145.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 313.67 145.70 Td (expenses ) Tj ET Q q 0 0 0 rg BT 352.28 145.70 Td (incurred ) Tj ET Q q 0 0 0 rg BT 388.11 145.70 Td (by ) Tj ET Q q 0 0 0 rg BT 400.62 145.70 Td (the ) Tj ET Q q 0 0 0 rg BT 415.35 145.70 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 461.75 145.70 Td (or ) Tj ET Q q 0 0 0 rg BT 472.60 145.70 Td (the ) Tj ET Q q 0 0 0 rg BT 487.33 145.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 519.84 145.70 Td (of ) Tj ET Q q 0 0 0 rg BT 530.68 145.70 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 133.70 Td (made ) Tj ET Q q 0 0 0 rg BT 67.46 133.70 Td (to ) Tj ET Q q 0 0 0 rg BT 78.04 133.70 Td (other ) Tj ET Q q 0 0 0 rg BT 101.39 133.70 Td (financial ) Tj ET Q q 0 0 0 rg BT 139.18 133.70 Td (institutions ) Tj ET Q q 0 0 0 rg BT 186.44 133.70 Td (and ) Tj ET Q q 0 0 0 rg BT 203.68 133.70 Td (intermediaries. ) Tj ET Q q 0 0 0 rg BT 265.98 133.70 Td (The ) Tj ET Q q 0 0 0 rg BT 284.13 133.70 Td (T) Tj ET Q q 0 0 0 rg BT 289.88 133.70 Td (rust ) Tj ET Q q 0 0 0 rg BT 307.69 133.70 Td (intends ) Tj ET Q q 0 0 0 rg BT 339.38 133.70 Td (to ) Tj ET Q q 0 0 0 rg BT 349.96 133.70 Td (operate ) Tj ET Q q 0 0 0 rg BT 382.19 133.70 Td (the ) Tj ET Q q 0 0 0 rg BT 397.21 133.70 Td (Plan ) Tj ET Q q 0 0 0 rg BT 417.79 133.70 Td (in ) Tj ET Q q 0 0 0 rg BT 428.37 133.70 Td (accordance ) Tj ET Q q 0 0 0 rg BT 476.14 133.70 Td (with ) Tj ET Q q 0 0 0 rg BT 496.72 133.70 Td (its ) Tj ET Q q 0 0 0 rg BT 508.97 133.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 533.99 133.70 Td (and ) Tj ET Q q 0 0 0 rg BT 551.24 133.70 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 121.70 Td (the ) Tj ET Q q 0 0 0 rg BT 57.72 121.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 97.43 121.70 Td (Industry ) Tj ET Q q 0 0 0 rg BT 133.26 121.70 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 179.64 121.70 Td (Authority ) Tj ET Q q 0 0 0 rg BT 221.03 121.70 Td (\(FINRA\) ) Tj ET Q q 0 0 0 rg BT 269.07 121.70 Td (rules ) Tj ET Q q 0 0 0 rg BT 291.01 121.70 Td (concerning ) Tj ET Q q 0 0 0 rg BT 337.93 121.70 Td (sales ) Tj ET Q q 0 0 0 rg BT 359.87 121.70 Td (char) Tj ET Q q 0 0 0 rg BT 376.90 121.70 Td (ges.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 103.70 Td (Under ) Tj ET Q q 0 0 0 rg BT 70.46 103.70 Td (the ) Tj ET Q q 0 0 0 rg BT 85.15 103.70 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 107.90 103.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 138.70 103.70 Td (to ) Tj ET Q q 0 0 0 rg BT 148.95 103.70 Td (the ) Tj ET Q q 0 0 0 rg BT 163.64 103.70 Td (limitations ) Tj ET Q q 0 0 0 rg BT 208.90 103.70 Td (of ) Tj ET Q q 0 0 0 rg BT 219.70 103.70 Td (applicable ) Tj ET Q q 0 0 0 rg BT 263.26 103.70 Td (law ) Tj ET Q q 0 0 0 rg BT 280.17 103.70 Td (and ) Tj ET Q q 0 0 0 rg BT 297.08 103.70 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 346.49 103.70 Td (the ) Tj ET Q q 0 0 0 rg BT 361.18 103.70 Td (Fund ) Tj ET Q q 0 0 0 rg BT 384.22 103.70 Td (is ) Tj ET Q q 0 0 0 rg BT 393.36 103.70 Td (authorized ) Tj ET Q q 0 0 0 rg BT 438.03 103.70 Td (to ) Tj ET Q q 0 0 0 rg BT 448.29 103.70 Td (compensate ) Tj ET Q q 0 0 0 rg BT 497.96 103.70 Td (the ) Tj ET Q q 0 0 0 rg BT 512.65 103.70 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 559.01 103.70 Td (up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 91.70 Td (to ) Tj ET Q q 0 0 0 rg BT 53.05 91.70 Td (the ) Tj ET Q q 0 0 0 rg BT 67.54 91.70 Td (maximum ) Tj ET Q q 0 0 0 rg BT 110.36 91.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 142.62 91.70 Td (to ) Tj ET Q q 0 0 0 rg BT 152.67 91.70 Td (finance ) Tj ET Q q 0 0 0 rg BT 184.37 91.70 Td (any ) Tj ET Q q 0 0 0 rg BT 201.08 91.70 Td (activity ) Tj ET Q q 0 0 0 rg BT 233.34 91.70 Td (primarily ) Tj ET Q q 0 0 0 rg BT 272.82 91.70 Td (intended ) Tj ET Q q 0 0 0 rg BT 309.52 91.70 Td (to ) Tj ET Q q 0 0 0 rg BT 319.57 91.70 Td (result ) Tj ET Q q 0 0 0 rg BT 344.06 91.70 Td (in ) Tj ET Q q 0 0 0 rg BT 354.11 91.70 Td (the ) Tj ET Q q 0 0 0 rg BT 368.60 91.70 Td (sale ) Tj ET Q q 0 0 0 rg BT 386.41 91.70 Td (of ) Tj ET Q q 0 0 0 rg BT 397.01 91.70 Td (Creation ) Tj ET Q q 0 0 0 rg BT 433.72 91.70 Td (Units ) Tj ET Q q 0 0 0 rg BT 457.66 91.70 Td (of ) Tj ET Q q 0 0 0 rg BT 468.26 91.70 Td (the ) Tj ET Q q 0 0 0 rg BT 482.75 91.70 Td (Fund ) Tj ET Q q 0 0 0 rg BT 505.58 91.70 Td (or ) Tj ET Q q 0 0 0 rg BT 516.18 91.70 Td (for ) Tj ET Q q 0 0 0 rg BT 530.11 91.70 Td (providing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 79.70 Td (or ) Tj ET Q q 0 0 0 rg BT 53.53 79.70 Td (arranging ) Tj ET Q q 0 0 0 rg BT 94.04 79.70 Td (for ) Tj ET Q q 0 0 0 rg BT 107.89 79.70 Td (others ) Tj ET Q q 0 0 0 rg BT 134.53 79.70 Td (to ) Tj ET Q q 0 0 0 rg BT 144.50 79.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 177.25 79.70 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 226.09 79.70 Td (services ) Tj ET Q q 0 0 0 rg BT 260.49 79.70 Td (and ) Tj ET Q q 0 0 0 rg BT 277.13 79.70 Td (for ) Tj ET Q q 0 0 0 rg BT 290.98 79.70 Td (the ) Tj ET Q q 0 0 0 rg BT 305.40 79.70 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 358.12 79.70 Td (of ) Tj ET Q q 0 0 0 rg BT 368.65 79.70 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 417.49 79.70 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 457.17 79.70 Td (Such ) Tj ET Q q 0 0 0 rg BT 479.37 79.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 517.66 79.70 Td (may ) Tj ET Q q 0 0 0 rg BT 537.07 79.70 Td (include, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 67.70 Td (but ) Tj ET Q q 0 0 0 rg BT 57.31 67.70 Td (are ) Tj ET Q q 0 0 0 rg BT 71.04 67.70 Td (not ) Tj ET Q q 0 0 0 rg BT 85.35 67.70 Td (limited ) Tj ET Q q 0 0 0 rg BT 115.21 67.70 Td (to: ) Tj ET Q q 0 0 0 rg BT 127.30 67.70 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 138.27 67.70 Td (delivering ) Tj ET Q q 0 0 0 rg BT 180.34 67.70 Td (copies ) Tj ET Q q 0 0 0 rg BT 207.42 67.70 Td (of ) Tj ET Q q 0 0 0 rg BT 217.28 67.70 Td (the ) Tj ET Q q 0 0 0 rg BT 231.02 67.70 Td (Fund) Tj ET Q q 0 0 0 rg BT 254.36 67.70 Td (s ) Tj ET Q q 0 0 0 rg BT 259.78 67.70 Td (then ) Tj ET Q q 0 0 0 rg BT 278.53 67.70 Td (current ) Tj ET Q q 0 0 0 rg BT 308.38 67.70 Td (reports, ) Tj ET Q q 0 0 0 rg BT 340.17 67.70 Td (prospectuses, ) Tj ET Q q 0 0 0 rg BT 395.30 67.70 Td (notices, ) Tj ET Q q 0 0 0 rg BT 427.66 67.70 Td (and ) Tj ET Q q 0 0 0 rg BT 443.63 67.70 Td (similar ) Tj ET Q q 0 0 0 rg BT 472.93 67.70 Td (materials, ) Tj ET Q q 0 0 0 rg BT 513.61 67.70 Td (to ) Tj ET Q q 0 0 0 rg BT 522.92 67.70 Td (prospective ) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 87.38 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.33 742.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 133.38 742.10 Td (Units; ) Tj ET Q q 0 0 0 rg BT 159.45 742.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 173.28 742.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 215.44 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.50 742.10 Td (promotional ) Tj ET Q q 0 0 0 rg BT 282.00 742.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 318.32 742.10 Td (including ) Tj ET Q q 0 0 0 rg BT 357.72 742.10 Td (advertising; ) Tj ET Q q 0 0 0 rg BT 406.55 742.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 423.16 742.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 452.00 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.83 742.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 487.45 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.40 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.46 742.10 Td (compensating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (others, ) Tj ET Q q 0 0 0 rg BT 72.23 730.10 Td (including ) Tj ET Q q 0 0 0 rg BT 111.78 730.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 159.06 730.10 Td (Participants ) Tj ET Q q 0 0 0 rg BT 208.55 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 228.62 730.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 255.91 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.41 730.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 316.59 730.10 Td (has ) Tj ET Q q 0 0 0 rg BT 332.20 730.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 363.92 730.10 Td (into ) Tj ET Q q 0 0 0 rg BT 381.76 730.10 Td (written ) Tj ET Q q 0 0 0 rg BT 411.87 730.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 459.14 730.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 504.24 730.10 Td (Agreements, ) Tj ET Q q 0 0 0 rg BT 557.35 730.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (performing ) Tj ET Q q 0 0 0 rg BT 90.62 718.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 139.90 718.10 Td (servicing ) Tj ET Q q 0 0 0 rg BT 179.19 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 191.82 718.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 219.44 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.41 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.26 718.10 Td (Fund; ) Tj ET Q q 0 0 0 rg BT 271.23 718.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 288.31 718.10 Td (compensating ) Tj ET Q q 0 0 0 rg BT 346.48 718.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 375.74 718.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 423.36 718.10 Td (Participants ) Tj ET Q q 0 0 0 rg BT 473.20 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 487.50 718.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 529.02 718.10 Td (assistance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 53.23 706.10 Td (distributing ) Tj ET Q q 0 0 0 rg BT 101.80 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.47 706.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 153.36 706.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 177.48 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.26 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.93 706.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 228.45 706.10 Td (including ) Tj ET Q q 0 0 0 rg BT 268.68 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.35 706.10 Td (travel ) Tj ET Q q 0 0 0 rg BT 308.56 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.46 706.10 Td (communication ) Tj ET Q q 0 0 0 rg BT 390.12 706.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 428.67 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.56 706.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 478.00 706.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 506.00 706.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 560.68 706.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 66.00 694.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 108.45 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 119.79 694.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 167.23 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 188.57 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.36 694.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 254.04 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.93 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.71 694.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 319.71 694.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 344.95 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.85 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.63 694.10 Td (Fund; ) Tj ET Q q 0 0 0 rg BT 399.53 694.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 414.76 694.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 456.65 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.00 694.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 506.54 694.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 554.56 694.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.10 Td (intermediaries ) Tj ET Q q 0 0 0 rg BT 102.44 682.10 Td (such ) Tj ET Q q 0 0 0 rg BT 123.00 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 133.57 682.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 161.64 682.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 193.88 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.56 682.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 230.01 682.10 Td (associations, ) Tj ET Q q 0 0 0 rg BT 283.08 682.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 323.63 682.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 368.63 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.31 682.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 431.43 682.10 Td (counselors, ) Tj ET Q q 0 0 0 rg BT 478.94 682.10 Td (broker) Tj ET Q q 0 0 0 rg BT 504.84 682.10 Td (-dealers, ) Tj ET Q q 0 0 0 rg BT 541.22 682.10 Td (mutual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 63.76 670.10 Td (supermarkets ) Tj ET Q q 0 0 0 rg BT 119.51 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.38 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.02 670.10 Td (af) Tj ET Q q 0 0 0 rg BT 158.61 670.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 188.25 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.12 670.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 254.77 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.53 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.00 670.10 Td (T) Tj ET Q q 0 0 0 rg BT 285.76 670.10 Td (rust) Tj ET Q q 0 0 0 rg BT 303.54 670.10 Td (s ) Tj ET Q q 0 0 0 rg BT 309.86 670.10 Td (service ) Tj ET Q q 0 0 0 rg BT 340.61 670.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 380.81 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 391.57 670.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 449.54 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 463.63 670.10 Td (services ) Tj ET Q q 0 0 0 rg BT 498.27 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 509.03 670.10 Td (reimbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 54.17 658.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 93.10 658.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 129.25 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 139.87 658.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 186.57 658.10 Td (with ) Tj ET Q q 0 0 0 rg BT 207.19 658.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 256.14 658.10 Td (assistance; ) Tj ET Q q 0 0 0 rg BT 301.74 658.10 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 319.01 658.10 Td (facilitating ) Tj ET Q q 0 0 0 rg BT 365.16 658.10 Td (communications ) Tj ET Q q 0 0 0 rg BT 434.10 658.10 Td (with ) Tj ET Q q 0 0 0 rg BT 454.71 658.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 496.97 658.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 528.68 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.85 658.10 Td (Shares, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 646.10 Td (including ) Tj ET Q q 0 0 0 rg BT 83.65 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.74 646.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 117.72 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.93 646.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 170.69 646.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 185.23 646.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 215.32 646.10 Td (others ) Tj ET Q q 0 0 0 rg BT 242.63 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.28 646.10 Td (provide\) ) Tj ET Q q 0 0 0 rg BT 290.04 646.10 Td (services ) Tj ET Q q 0 0 0 rg BT 325.12 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.77 646.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 378.07 646.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 409.82 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.03 646.10 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 453.06 646.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 496.21 646.10 Td (but ) Tj ET Q q 0 0 0 rg BT 511.86 646.10 Td (not ) Tj ET Q q 0 0 0 rg BT 527.52 646.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 558.72 646.10 Td (to, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 634.10 Td (assistance ) Tj ET Q q 0 0 0 rg BT 85.54 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.88 634.10 Td (answering ) Tj ET Q q 0 0 0 rg BT 139.54 634.10 Td (inquiries ) Tj ET Q q 0 0 0 rg BT 177.09 634.10 Td (related ) Tj ET Q q 0 0 0 rg BT 206.85 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 217.19 634.10 Td (Shareholder ) Tj ET Q q 0 0 0 rg BT 268.06 634.10 Td (accounts; ) Tj ET Q q 0 0 0 rg BT 308.39 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.38 634.10 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 342.38 634.10 Td (such ) Tj ET Q q 0 0 0 rg BT 363.27 634.10 Td (other ) Tj ET Q q 0 0 0 rg BT 386.37 634.10 Td (services ) Tj ET Q q 0 0 0 rg BT 421.14 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.14 634.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 485.14 634.10 Td (as ) Tj ET Q q 0 0 0 rg BT 496.03 634.10 Td (are ) Tj ET Q q 0 0 0 rg BT 510.79 634.10 Td (set ) Tj ET Q q 0 0 0 rg BT 524.46 634.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 546.46 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 556.79 634.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 622.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 93.28 622.10 Td (Agreement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 604.10 Td (T) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.67 604.10 Td (HE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 62.67 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 64.62 604.10 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 71.84 604.10 Td (DMINISTRA) Tj ET Q q 0 0 0 rg BT 123.68 604.10 Td (T) Tj ET Q q 0 0 0 rg BT 129.52 604.10 Td (OR) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.02 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.97 604.10 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 152.19 604.10 Td (ND) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 165.19 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 167.51 604.10 Td (T) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 174.18 604.10 Td (RANSFER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.68 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.63 604.10 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 225.85 604.10 Td (GENT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 586.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 62.26 586.10 Td (Bancorp ) Tj ET Q q 0 0 0 rg BT 97.61 586.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 119.65 586.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 157.50 586.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 180.37 586.10 Td (doing ) Tj ET Q q 0 0 0 rg BT 204.62 586.10 Td (business ) Tj ET Q q 0 0 0 rg BT 239.99 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 249.79 586.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 269.05 586.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 291.64 586.10 Td (Global ) Tj ET Q q 0 0 0 rg BT 320.33 586.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 342.37 586.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 380.22 586.10 Td (located ) Tj ET Q q 0 0 0 rg BT 410.57 586.10 Td (at ) Tj ET Q q 0 0 0 rg BT 419.26 586.10 Td (615 ) Tj ET Q q 0 0 0 rg BT 435.74 586.10 Td (East ) Tj ET Q q 0 0 0 rg BT 454.43 586.10 Td (Michigan ) Tj ET Q q 0 0 0 rg BT 494.23 586.10 Td (Street, ) Tj ET Q q 0 0 0 rg BT 521.53 586.10 Td (Milwaukee, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 52.04 574.10 Td (isconsin ) Tj ET Q q 0 0 0 rg BT 87.32 574.10 Td (53202, ) Tj ET Q q 0 0 0 rg BT 117.32 574.10 Td (serves ) Tj ET Q q 0 0 0 rg BT 144.81 574.10 Td (as ) Tj ET Q q 0 0 0 rg BT 155.64 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.35 574.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 193.69 574.10 Td (s ) Tj ET Q q 0 0 0 rg BT 200.08 574.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 233.12 574.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 257.28 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.22 574.10 Td (administrator) Tj ET Q q 0 0 0 rg BT 326.98 574.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 556.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 80.79 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.36 556.10 Td (a ) Tj ET Q q 0 0 0 rg BT 98.59 556.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 121.33 556.10 Td (Administration ) Tj ET Q q 0 0 0 rg BT 184.67 556.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 225.17 556.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 272.39 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.62 556.10 Td (a ) Tj ET Q q 0 0 0 rg BT 296.85 556.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 319.59 556.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 369.04 556.10 Td (Servicing ) Tj ET Q q 0 0 0 rg BT 409.54 556.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 456.75 556.10 Td (between ) Tj ET Q q 0 0 0 rg BT 492.86 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.67 556.10 Td (T) Tj ET Q q 0 0 0 rg BT 513.42 556.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 531.22 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 548.45 556.10 Td (Fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 544.10 Td (Services, ) Tj ET Q q 0 0 0 rg BT 82.06 544.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 105.31 544.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 141.88 544.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 179.00 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.71 544.10 Td (T) Tj ET Q q 0 0 0 rg BT 199.47 544.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 217.16 544.10 Td (with ) Tj ET Q q 0 0 0 rg BT 237.62 544.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 297.51 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.64 544.10 Td (management ) Tj ET Q q 0 0 0 rg BT 368.42 544.10 Td (services ) Tj ET Q q 0 0 0 rg BT 403.31 544.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 429.87 544.10 Td (than ) Tj ET Q q 0 0 0 rg BT 449.78 544.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 496.35 544.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 533.47 544.10 Td (services\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 60.59 532.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 107.61 532.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 145.47 532.10 Td (including ) Tj ET Q q 0 0 0 rg BT 186.40 532.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 224.55 532.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 271.57 532.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 309.43 532.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 324.80 532.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 371.82 532.10 Td (services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.03 532.10 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.53 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.68 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.27 532.10 Td (furnishing ) Tj ET Q q 0 0 0 rg BT 471.53 532.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 509.66 532.10 Td (reports. ) Tj ET Q q 0 0 0 rg BT 543.08 532.10 Td (In ) Tj ET Q q 0 0 0 rg BT 554.56 532.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 520.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 75.66 520.10 Td (, ) Tj ET Q q 0 0 0 rg BT 79.98 520.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 102.36 520.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 138.06 520.10 Td (does ) Tj ET Q q 0 0 0 rg BT 158.21 520.10 Td (not ) Tj ET Q q 0 0 0 rg BT 172.80 520.10 Td (have ) Tj ET Q q 0 0 0 rg BT 193.50 520.10 Td (any ) Tj ET Q q 0 0 0 rg BT 209.76 520.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 266.02 520.10 Td (or ) Tj ET Q q 0 0 0 rg BT 276.17 520.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 314.09 520.10 Td (for ) Tj ET Q q 0 0 0 rg BT 327.57 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.60 520.10 Td (management ) Tj ET Q q 0 0 0 rg BT 394.51 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.66 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.70 520.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 443.58 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.61 520.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 514.97 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.12 520.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.10 Td (policy) Tj ET Q q 0 0 0 rg BT 67.35 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 71.81 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 82.10 508.10 Td (for ) Tj ET Q q 0 0 0 rg BT 95.72 508.10 Td (any ) Tj ET Q q 0 0 0 rg BT 112.12 508.10 Td (matter ) Tj ET Q q 0 0 0 rg BT 139.62 508.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 182.12 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.86 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.04 508.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 254.11 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.40 508.10 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 295.09 508.10 Td (As ) Tj ET Q q 0 0 0 rg BT 308.16 508.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 365.67 508.10 Td (for ) Tj ET Q q 0 0 0 rg BT 379.29 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.46 508.10 Td (administration, ) Tj ET Q q 0 0 0 rg BT 455.69 508.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 501.52 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.92 508.10 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 496.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 80.25 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.44 496.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 128.64 496.10 Td (pays ) Tj ET Q q 0 0 0 rg BT 149.51 496.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 172.61 496.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 209.03 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 216.00 496.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 230.75 496.10 Td (based ) Tj ET Q q 0 0 0 rg BT 256.06 496.10 Td (on ) Tj ET Q q 0 0 0 rg BT 268.60 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.35 496.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 306.69 496.10 Td (s ) Tj ET Q q 0 0 0 rg BT 313.12 496.10 Td (average ) Tj ET Q q 0 0 0 rg BT 346.75 496.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 369.28 496.10 Td (net ) Tj ET Q q 0 0 0 rg BT 384.04 496.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 412.41 496.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 443.27 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.59 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 460.56 496.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 502.00 496.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 531.19 496.10 Td (fee. ) Tj ET Q q 0 0 0 rg BT 548.44 496.10 Td (Fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 484.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 79.38 484.10 Td (also ) Tj ET Q q 0 0 0 rg BT 97.99 484.10 Td (is ) Tj ET Q q 0 0 0 rg BT 107.16 484.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 139.65 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.92 484.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 179.63 484.10 Td (out-of-pocket ) Tj ET Q q 0 0 0 rg BT 236.55 484.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 275.15 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 289.31 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.03 484.10 Td (services ) Tj ET Q q 0 0 0 rg BT 338.73 484.10 Td (mentioned ) Tj ET Q q 0 0 0 rg BT 383.44 484.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 412.32 484.10 Td (including ) Tj ET Q q 0 0 0 rg BT 452.59 484.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 483.42 484.10 Td (expenses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 466.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.37 466.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 84.76 466.10 Td (is ) Tj ET Q q 0 0 0 rg BT 94.26 466.10 Td (new ) Tj ET Q q 0 0 0 rg BT 113.74 466.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.01 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.43 466.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 179.91 466.10 Td (has ) Tj ET Q q 0 0 0 rg BT 196.07 466.10 Td (not ) Tj ET Q q 0 0 0 rg BT 211.67 466.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 231.72 466.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 255.10 466.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 291.81 466.10 Td (any ) Tj ET Q q 0 0 0 rg BT 309.07 466.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 328.00 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 342.48 466.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 402.52 466.10 Td (services ) Tj ET Q q 0 0 0 rg BT 437.55 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.15 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.20 466.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 486.58 466.10 Td (as ) Tj ET Q q 0 0 0 rg BT 497.74 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.90 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.94 466.10 Td (date ) Tj ET Q q 0 0 0 rg BT 543.42 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 554.58 466.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 454.10 Td (SAI.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 436.10 Td (C) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.22 436.10 Td (UST) Tj ET Q q 0 0 0 rg BT 67.57 436.10 Td (ODIAN) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 418.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 80.12 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.03 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 96.59 418.10 Td (Custody ) Tj ET Q q 0 0 0 rg BT 131.58 418.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 180.63 418.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 200.54 418.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 223.77 418.10 Td (National ) Tj ET Q q 0 0 0 rg BT 259.86 418.10 Td (Association, ) Tj ET Q q 0 0 0 rg BT 311.70 418.10 Td (1555 ) Tj ET Q q 0 0 0 rg BT 333.83 418.10 Td (North ) Tj ET Q q 0 0 0 rg BT 359.28 418.10 Td (Rivercenter ) Tj ET Q q 0 0 0 rg BT 408.04 418.10 Td (Drive, ) Tj ET Q q 0 0 0 rg BT 435.44 418.10 Td (Suite ) Tj ET Q q 0 0 0 rg BT 458.12 418.10 Td (302, ) Tj ET Q q 0 0 0 rg BT 477.74 418.10 Td (Milwaukee, ) Tj ET Q q 0 0 0 rg BT 527.20 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 536.24 418.10 Td (isconsin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 406.10 Td (53212, ) Tj ET Q q 0 0 0 rg BT 72.99 406.10 Td (serves ) Tj ET Q q 0 0 0 rg BT 100.48 406.10 Td (as ) Tj ET Q q 0 0 0 rg BT 111.30 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.01 406.10 Td (custodian ) Tj ET Q q 0 0 0 rg BT 166.83 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.65 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.36 406.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 215.70 406.10 Td (s ) Tj ET Q q 0 0 0 rg BT 222.08 406.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 250.22 406.10 Td (The ) Tj ET Q q 0 0 0 rg BT 268.26 406.10 Td (custodian ) Tj ET Q q 0 0 0 rg BT 309.08 406.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 333.24 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.18 406.10 Td (administers ) Tj ET Q q 0 0 0 rg BT 398.77 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.48 406.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 439.30 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.58 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.28 406.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 487.62 406.10 Td (s ) Tj ET Q q 0 0 0 rg BT 494.01 406.10 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 534.00 406.10 Td (Pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 53.29 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.02 394.10 Td (Custody ) Tj ET Q q 0 0 0 rg BT 103.32 394.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 152.76 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.49 394.10 Td (custodian ) Tj ET Q q 0 0 0 rg BT 208.33 394.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 243.60 394.10 Td (an ) Tj ET Q q 0 0 0 rg BT 255.56 394.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 284.73 394.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 299.45 394.10 Td (from ) Tj ET Q q 0 0 0 rg BT 321.40 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.58 394.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 369.75 394.10 Td (based ) Tj ET Q q 0 0 0 rg BT 395.03 394.10 Td (on ) Tj ET Q q 0 0 0 rg BT 407.55 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.10 394.10 Td (T) Tj ET Q q 0 0 0 rg BT 427.86 394.10 Td (rust) Tj ET Q q 0 0 0 rg BT 445.63 394.10 Td (s ) Tj ET Q q 0 0 0 rg BT 452.04 394.10 Td (total ) Tj ET Q q 0 0 0 rg BT 472.33 394.10 Td (average ) Tj ET Q q 0 0 0 rg BT 505.93 394.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 528.44 394.10 Td (net ) Tj ET Q q 0 0 0 rg BT 543.17 394.10 Td (assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 382.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 73.83 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.10 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 91.04 382.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 132.43 382.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 161.59 382.10 Td (fee, ) Tj ET Q q 0 0 0 rg BT 178.80 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.73 382.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 225.44 382.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 269.04 382.10 Td (char) Tj ET Q q 0 0 0 rg BT 286.06 382.10 Td (ges. ) Tj ET Q q 0 0 0 rg BT 304.21 382.10 Td (The ) Tj ET Q q 0 0 0 rg BT 322.26 382.10 Td (custodian ) Tj ET Q q 0 0 0 rg BT 363.08 382.10 Td (also ) Tj ET Q q 0 0 0 rg BT 381.69 382.10 Td (is ) Tj ET Q q 0 0 0 rg BT 390.86 382.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 423.35 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.63 382.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 463.33 382.10 Td (out-of-pocket ) Tj ET Q q 0 0 0 rg BT 520.26 382.10 Td (expenses. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 364.10 Td (L) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.67 364.10 Td (EGAL) Tj ET Q q 0 0 0 rg BT 74.68 364.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.93 364.10 Td (C) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 84.15 364.10 Td (OUNSEL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 346.10 Td (Mor) Tj ET Q q 0 0 0 rg BT 60.04 346.10 Td (gan, ) Tj ET Q q 0 0 0 rg BT 79.31 346.10 Td (Lewis ) Tj ET Q q 0 0 0 rg BT 106.08 346.10 Td (& ) Tj ET Q q 0 0 0 rg BT 116.19 346.10 Td (Bockius ) Tj ET Q q 0 0 0 rg BT 151.30 346.10 Td (LLP) Tj ET Q q 0 0 0 rg BT 167.97 346.10 Td (, ) Tj ET Q q 0 0 0 rg BT 172.80 346.10 Td (located ) Tj ET Q q 0 0 0 rg BT 204.00 346.10 Td (at ) Tj ET Q q 0 0 0 rg BT 213.55 346.10 Td (1) Tj ET Q q 0 0 0 rg BT 218.18 346.10 Td (1) Tj ET Q q 0 0 0 rg BT 222.81 346.10 Td (1) Tj ET Q q 0 0 0 rg BT 227.43 346.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 234.76 346.10 Td (Pennsylvania ) Tj ET Q q 0 0 0 rg BT 289.91 346.10 Td (A) Tj ET Q q 0 0 0 rg BT 296.39 346.10 Td (venue ) Tj ET Q q 0 0 0 rg BT 322.59 346.10 Td (NW) Tj ET Q q 0 0 0 rg BT 338.33 346.10 Td (, ) Tj ET Q q 0 0 0 rg BT 343.00 346.10 Td (W) Tj ET Q q 0 0 0 rg BT 351.63 346.10 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 395.35 346.10 Td (DC ) Tj ET Q q 0 0 0 rg BT 411.57 346.10 Td (20004-2541, ) Tj ET Q q 0 0 0 rg BT 464.73 346.10 Td (serves ) Tj ET Q q 0 0 0 rg BT 492.06 346.10 Td (as ) Tj ET Q q 0 0 0 rg BT 502.72 346.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 524.48 346.10 Td (counsel ) Tj ET Q q 0 0 0 rg BT 557.36 346.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.54 334.10 Td (T) Tj ET Q q 0 0 0 rg BT 63.29 334.10 Td (rust.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 316.10 Td (I) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 46.89 316.10 Td (NDEPENDENT) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.90 316.10 Td ( R) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 118.62 316.10 Td (EGISTERED) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.14 316.10 Td ( P) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 179.75 316.10 Td (UBLIC) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.25 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.20 316.10 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 217.42 316.10 Td (CCOUNTING) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.43 316.10 Td ( F) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 282.04 316.10 Td (IRM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 298.10 Td (Cohen & Company) Tj ET Q q 0 0 0 rg BT 120.12 298.10 Td (, Ltd., located at 342 North ) Tj ET Q q 0 0 0 rg BT 230.75 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 239.39 298.10 Td (ater Street, Suite 830, Milwaukee, ) Tj ET Q q 0 0 0 rg BT 378.06 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 387.10 298.10 Td (isconsin 53202, serves as the independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 286.10 Td (registered public accounting firm for the Fund.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 268.10 Td (P) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.11 268.10 Td (OR) Tj ET Q q 0 0 0 rg BT 62.29 268.10 Td (TFOLIO) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.30 268.10 Td ( H) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 107.58 268.10 Td (OLDINGS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.09 268.10 Td ( D) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 158.81 268.10 Td (ISCLOSURE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.83 268.10 Td ( P) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 219.44 268.10 Td (OLICIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.95 268.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.90 268.10 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 266.12 268.10 Td (ND) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.12 268.10 Td ( P) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 287.73 268.10 Td (ROCEDURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 250.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.60 250.10 Td (T) Tj ET Q q 0 0 0 rg BT 66.36 250.10 Td (rust) Tj ET Q q 0 0 0 rg BT 84.14 250.10 Td (s ) Tj ET Q q 0 0 0 rg BT 90.24 250.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 116.90 250.10 Td (has ) Tj ET Q q 0 0 0 rg BT 132.44 250.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 166.31 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 172.96 250.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 200.17 250.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 240.70 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.13 250.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 297.89 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.44 250.10 Td (information ) Tj ET Q q 0 0 0 rg BT 357.86 250.10 Td (about ) Tj ET Q q 0 0 0 rg BT 382.30 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.73 250.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 420.07 250.10 Td (s ) Tj ET Q q 0 0 0 rg BT 426.17 250.10 Td (security ) Tj ET Q q 0 0 0 rg BT 460.04 250.10 Td (holdings. ) Tj ET Q q 0 0 0 rg BT 499.04 250.10 Td (The ) Tj ET Q q 0 0 0 rg BT 516.81 250.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 540.15 250.10 Td (s ) Tj ET Q q 0 0 0 rg BT 546.25 250.10 Td (entire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 238.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 80.90 238.10 Td (holdings ) Tj ET Q q 0 0 0 rg BT 118.25 238.10 Td (are ) Tj ET Q q 0 0 0 rg BT 133.36 238.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 169.03 238.10 Td (disseminated ) Tj ET Q q 0 0 0 rg BT 224.15 238.10 Td (each ) Tj ET Q q 0 0 0 rg BT 245.36 238.10 Td (day ) Tj ET Q q 0 0 0 rg BT 262.70 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.82 238.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 301.28 238.10 Td (is ) Tj ET Q q 0 0 0 rg BT 310.86 238.10 Td (open ) Tj ET Q q 0 0 0 rg BT 333.20 238.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.76 238.10 Td (business ) Tj ET Q q 0 0 0 rg BT 384.55 238.10 Td (through ) Tj ET Q q 0 0 0 rg BT 418.56 238.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 456.44 238.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 496.00 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.34 238.10 Td (news ) Tj ET Q q 0 0 0 rg BT 536.80 238.10 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 226.10 Td (including ) Tj ET Q q 0 0 0 rg BT 83.36 226.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 118.71 226.10 Td (available ) Tj ET Q q 0 0 0 rg BT 157.38 226.10 Td (internet ) Tj ET Q q 0 0 0 rg BT 190.51 226.10 Td (web ) Tj ET Q q 0 0 0 rg BT 209.75 226.10 Td (sites. ) Tj ET Q q 0 0 0 rg BT 232.61 226.10 Td (In ) Tj ET Q q 0 0 0 rg BT 243.52 226.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 281.38 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.17 226.10 Td (composition ) Tj ET Q q 0 0 0 rg BT 348.20 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.11 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.91 226.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 407.60 226.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 449.62 226.10 Td (is ) Tj ET Q q 0 0 0 rg BT 458.87 226.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 494.22 226.10 Td (disseminated ) Tj ET Q q 0 0 0 rg BT 549.02 226.10 Td (daily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 64.94 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 75.22 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.93 214.10 Td (opening ) Tj ET Q q 0 0 0 rg BT 124.65 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.48 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.20 214.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 192.12 214.10 Td (via ) Tj ET Q q 0 0 0 rg BT 206.84 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.55 214.10 Td (National ) Tj ET Q q 0 0 0 rg BT 258.49 214.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 300.42 214.10 Td (Clearing ) Tj ET Q q 0 0 0 rg BT 337.36 214.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 388.18 214.10 Td (\(NSCC\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 196.10 Td (D) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.22 196.10 Td (ESCRIPTION ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.48 196.10 Td (O) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 116.26 196.10 Td (F) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.76 196.10 Td ( S) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 129.82 196.10 Td (HARES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 178.10 Td (The ) Tj ET Q q 0 0 0 rg BT 62.37 178.10 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 112.83 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.71 178.10 Td (T) Tj ET Q q 0 0 0 rg BT 130.47 178.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 149.29 178.10 Td (authorizes ) Tj ET Q q 0 0 0 rg BT 194.21 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.25 178.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 247.94 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.10 178.10 Td (an ) Tj ET Q q 0 0 0 rg BT 273.36 178.10 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 315.51 178.10 Td (number ) Tj ET Q q 0 0 0 rg BT 349.88 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.03 178.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 388.08 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.34 178.10 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 439.32 178.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 463.13 178.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 489.72 178.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 534.08 178.10 Td (an ) Tj ET Q q 0 0 0 rg BT 547.34 178.10 Td (equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 166.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 99.59 166.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 131.75 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 142.24 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.18 166.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 180.46 166.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.96 166.10 Td (each ) Tj ET Q q 0 0 0 rg BT 221.99 166.10 Td (other ) Tj ET Q q 0 0 0 rg BT 245.26 166.10 Td (Share. ) Tj ET Q q 0 0 0 rg BT 273.25 166.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 302.63 166.10 Td (are ) Tj ET Q q 0 0 0 rg BT 317.56 166.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 350.27 166.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 372.99 166.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 419.04 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.53 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 436.69 166.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 452.74 166.10 Td (rata ) Tj ET Q q 0 0 0 rg BT 470.45 166.10 Td (share ) Tj ET Q q 0 0 0 rg BT 494.26 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.76 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.70 166.10 Td (net ) Tj ET Q q 0 0 0 rg BT 534.64 166.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 560.69 166.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.98 154.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 83.80 154.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 138.77 154.10 Td (have ) Tj ET Q q 0 0 0 rg BT 160.41 154.10 Td (no ) Tj ET Q q 0 0 0 rg BT 173.17 154.10 Td (preemptive ) Tj ET Q q 0 0 0 rg BT 220.91 154.10 Td (rights. ) Tj ET Q q 0 0 0 rg BT 248.75 154.10 Td (The ) Tj ET Q q 0 0 0 rg BT 267.06 154.10 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 316.46 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.35 154.10 Td (T) Tj ET Q q 0 0 0 rg BT 333.11 154.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 350.87 154.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 388.07 154.10 Td (that ) Tj ET Q q 0 0 0 rg BT 405.83 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.60 154.10 Td (T) Tj ET Q q 0 0 0 rg BT 426.36 154.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 456.89 154.10 Td (may ) Tj ET Q q 0 0 0 rg BT 476.87 154.10 Td (create ) Tj ET Q q 0 0 0 rg BT 503.49 154.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 546.24 154.10 Td (series ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 142.10 Td (or ) Tj ET Q q 0 0 0 rg BT 52.95 142.10 Td (classes ) Tj ET Q q 0 0 0 rg BT 82.33 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.28 142.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 121.03 142.10 Td (All ) Tj ET Q q 0 0 0 rg BT 135.43 142.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 190.92 142.10 Td (received ) Tj ET Q q 0 0 0 rg BT 226.40 142.10 Td (by ) Tj ET Q q 0 0 0 rg BT 238.02 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.73 142.10 Td (T) Tj ET Q q 0 0 0 rg BT 257.49 142.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 274.11 142.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.39 142.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 315.66 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.61 142.10 Td (any ) Tj ET Q q 0 0 0 rg BT 341.67 142.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 383.27 142.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 407.11 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.17 142.10 Td (all ) Tj ET Q q 0 0 0 rg BT 434.78 142.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 459.73 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.13 142.10 Td (which ) Tj ET Q q 0 0 0 rg BT 495.18 142.10 Td (such ) Tj ET Q q 0 0 0 rg BT 515.13 142.10 Td (consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 130.10 Td (is ) Tj ET Q q 0 0 0 rg BT 51.80 130.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 87.25 130.10 Td (would ) Tj ET Q q 0 0 0 rg BT 114.38 130.10 Td (belong ) Tj ET Q q 0 0 0 rg BT 143.72 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.63 130.10 Td (that ) Tj ET Q q 0 0 0 rg BT 170.75 130.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 191.21 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.78 130.10 Td (would ) Tj ET Q q 0 0 0 rg BT 234.91 130.10 Td (be ) Tj ET Q q 0 0 0 rg BT 246.47 130.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 276.92 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.83 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.18 130.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 340.52 130.10 Td (related ) Tj ET Q q 0 0 0 rg BT 369.85 130.10 Td (thereto. ) Tj ET Q q 0 0 0 rg BT 402.24 130.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 427.14 130.10 Td (certificates ) Tj ET Q q 0 0 0 rg BT 473.12 130.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 524.68 130.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 553.46 130.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 118.10 Td (not ) Tj ET Q q 0 0 0 rg BT 58.28 118.10 Td (be ) Tj ET Q q 0 0 0 rg BT 70.22 118.10 Td (issued. ) Tj ET Q q 0 0 0 rg BT 100.22 118.10 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 131.88 118.10 Td (when ) Tj ET Q q 0 0 0 rg BT 156.04 118.10 Td (issued, ) Tj ET Q q 0 0 0 rg BT 186.04 118.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.74 118.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 222.13 118.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 241.85 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.79 118.10 Td (non-assessable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 100.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 65.70 100.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 91.18 100.10 Td (has ) Tj ET Q q 0 0 0 rg BT 107.23 100.10 Td (one ) Tj ET Q q 0 0 0 rg BT 124.38 100.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 144.31 100.10 Td (with ) Tj ET Q q 0 0 0 rg BT 164.80 100.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 195.83 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.32 100.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 238.47 100.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 261.18 100.10 Td (which ) Tj ET Q q 0 0 0 rg BT 288.34 100.10 Td (a ) Tj ET Q q 0 0 0 rg BT 295.49 100.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 344.85 100.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 364.78 100.10 Td (is ) Tj ET Q q 0 0 0 rg BT 374.16 100.10 Td (required, ) Tj ET Q q 0 0 0 rg BT 412.69 100.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 455.40 100.10 Td (with ) Tj ET Q q 0 0 0 rg BT 475.89 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.82 100.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 545.74 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 556.78 100.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 88.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 64.58 88.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 81.06 88.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.53 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.78 88.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 133.25 88.10 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 185.82 88.10 Td (thereunder) Tj ET Q q 0 0 0 rg BT 228.02 88.10 Td (. ) Tj ET Q q 0 0 0 rg BT 232.56 88.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 261.25 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.61 88.10 Td (all ) Tj ET Q q 0 0 0 rg BT 283.64 88.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 307.89 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.26 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.36 88.10 Td (T) Tj ET Q q 0 0 0 rg BT 338.12 88.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 355.15 88.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 374.40 88.10 Td (together ) Tj ET Q q 0 0 0 rg BT 409.20 88.10 Td (as ) Tj ET Q q 0 0 0 rg BT 419.56 88.10 Td (a ) Tj ET Q q 0 0 0 rg BT 426.03 88.10 Td (single ) Tj ET Q q 0 0 0 rg BT 451.95 88.10 Td (class, ) Tj ET Q q 0 0 0 rg BT 475.92 88.10 Td (except ) Tj ET Q q 0 0 0 rg BT 504.05 88.10 Td (that ) Tj ET Q q 0 0 0 rg BT 521.07 88.10 Td (if ) Tj ET Q q 0 0 0 rg BT 529.22 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.46 88.10 Td (matter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 76.10 Td (being ) Tj ET Q q 0 0 0 rg BT 67.71 76.10 Td (voted ) Tj ET Q q 0 0 0 rg BT 92.42 76.10 Td (on ) Tj ET Q q 0 0 0 rg BT 104.91 76.10 Td (af) Tj ET Q q 0 0 0 rg BT 112.50 76.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 133.87 76.10 Td (only ) Tj ET Q q 0 0 0 rg BT 154.14 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.07 76.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 201.87 76.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 222.69 76.10 Td (it ) Tj ET Q q 0 0 0 rg BT 230.74 76.10 Td (will ) Tj ET Q q 0 0 0 rg BT 248.79 76.10 Td (be ) Tj ET Q q 0 0 0 rg BT 260.72 76.10 Td (voted ) Tj ET Q q 0 0 0 rg BT 285.42 76.10 Td (on ) Tj ET Q q 0 0 0 rg BT 297.92 76.10 Td (only ) Tj ET Q q 0 0 0 rg BT 318.19 76.10 Td (by ) Tj ET Q q 0 0 0 rg BT 330.68 76.10 Td (that ) Tj ET Q q 0 0 0 rg BT 348.17 76.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 368.99 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.92 76.10 Td (if ) Tj ET Q q 0 0 0 rg BT 394.52 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 401.45 76.10 Td (matter ) Tj ET Q q 0 0 0 rg BT 429.48 76.10 Td (af) Tj ET Q q 0 0 0 rg BT 437.07 76.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 458.44 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.37 76.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 506.17 76.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 526.99 76.10 Td (dif) Tj ET Q q 0 0 0 rg BT 537.92 76.10 Td (ferently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 64.10 Td (from ) Tj ET Q q 0 0 0 rg BT 64.90 64.10 Td (other ) Tj ET Q q 0 0 0 rg BT 87.91 64.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 115.10 64.10 Td (that ) Tj ET Q q 0 0 0 rg BT 132.56 64.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 153.35 64.10 Td (will ) Tj ET Q q 0 0 0 rg BT 171.37 64.10 Td (vote ) Tj ET Q q 0 0 0 rg BT 191.05 64.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 234.04 64.10 Td (on ) Tj ET Q q 0 0 0 rg BT 246.51 64.10 Td (such ) Tj ET Q q 0 0 0 rg BT 267.30 64.10 Td (matter) Tj ET Q q 0 0 0 rg BT 292.29 64.10 Td (. ) Tj ET Q q 0 0 0 rg BT 296.71 64.10 Td (As ) Tj ET Q q 0 0 0 rg BT 310.29 64.10 Td (a ) Tj ET Q q 0 0 0 rg BT 317.19 64.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 357.96 64.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 395.42 64.10 Td (trust, ) Tj ET Q q 0 0 0 rg BT 418.16 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.66 64.10 Td (T) Tj ET Q q 0 0 0 rg BT 438.42 64.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 455.88 64.10 Td (is ) Tj ET Q q 0 0 0 rg BT 465.02 64.10 Td (not ) Tj ET Q q 0 0 0 rg BT 480.26 64.10 Td (required, ) Tj ET Q q 0 0 0 rg BT 518.54 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.44 64.10 Td (does ) Tj ET Q q 0 0 0 rg BT 556.23 64.10 Td (not ) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (intend, ) Tj ET Q q 0 0 0 rg BT 72.23 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.75 742.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 101.27 742.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 129.67 742.10 Td (meetings ) Tj ET Q q 0 0 0 rg BT 167.51 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.58 742.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 231.97 742.10 Td (Approval ) Tj ET Q q 0 0 0 rg BT 271.48 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.55 742.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 333.83 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 351.12 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 362.30 742.10 Td (sought, ) Tj ET Q q 0 0 0 rg BT 393.21 742.10 Td (however) Tj ET Q q 0 0 0 rg BT 427.24 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 431.48 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 444.88 742.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 473.82 742.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 507.77 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.29 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.24 742.10 Td (operation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 54.24 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.15 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 74.91 730.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 92.81 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.16 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 124.73 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.85 730.10 Td (election ) Tj ET Q q 0 0 0 rg BT 174.41 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.43 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 191.19 730.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 221.86 730.10 Td (under ) Tj ET Q q 0 0 0 rg BT 247.54 730.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 277.65 730.10 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 339.70 730.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 364.82 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.95 730.10 Td (written ) Tj ET Q q 0 0 0 rg BT 411.18 730.10 Td (request ) Tj ET Q q 0 0 0 rg BT 442.96 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.20 730.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 507.64 730.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 540.55 730.10 Td (at ) Tj ET Q q 0 0 0 rg BT 550.67 730.10 Td (least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 63.65 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 74.31 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.68 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 94.44 718.10 Td (rust) Tj ET Q q 0 0 0 rg BT 112.22 718.10 Td (s ) Tj ET Q q 0 0 0 rg BT 118.43 718.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 148.25 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.62 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 168.38 718.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 185.70 718.10 Td (will ) Tj ET Q q 0 0 0 rg BT 203.58 718.10 Td (call ) Tj ET Q q 0 0 0 rg BT 220.34 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 234.32 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 241.09 718.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 275.62 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.28 718.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 339.14 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.24 718.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 385.44 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.98 718.10 Td (removal ) Tj ET Q q 0 0 0 rg BT 435.07 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.73 718.10 Td (one ) Tj ET Q q 0 0 0 rg BT 462.49 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 473.14 718.10 Td (more ) Tj ET Q q 0 0 0 rg BT 495.85 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 501.60 718.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 531.70 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 548.46 718.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 73.26 706.10 Td (matters. ) Tj ET Q q 0 0 0 rg BT 108.25 706.10 Td (In ) Tj ET Q q 0 0 0 rg BT 119.64 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.92 706.10 Td (event ) Tj ET Q q 0 0 0 rg BT 159.63 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 177.69 706.10 Td (such ) Tj ET Q q 0 0 0 rg BT 199.08 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 206.57 706.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 241.85 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 251.57 706.10 Td (requested, ) Tj ET Q q 0 0 0 rg BT 295.45 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.50 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 316.26 706.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 334.32 706.10 Td (will ) Tj ET Q q 0 0 0 rg BT 352.94 706.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 386.54 706.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 435.13 706.10 Td (assistance ) Tj ET Q q 0 0 0 rg BT 478.18 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.67 706.10 Td (information ) Tj ET Q q 0 0 0 rg BT 545.95 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 556.78 706.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 96.04 694.10 Td (requesting ) Tj ET Q q 0 0 0 rg BT 140.19 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.91 694.10 Td (meeting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 676.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 70.57 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.37 676.10 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 134.60 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.32 676.10 Td (T) Tj ET Q q 0 0 0 rg BT 151.08 676.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 171.16 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.78 676.10 Td (T) Tj ET Q q 0 0 0 rg BT 191.53 676.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 221.88 676.10 Td (have ) Tj ET Q q 0 0 0 rg BT 243.34 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.14 676.10 Td (power ) Tj ET Q q 0 0 0 rg BT 285.72 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.08 676.10 Td (liquidate ) Tj ET Q q 0 0 0 rg BT 333.65 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.45 676.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 371.60 676.10 Td (without ) Tj ET Q q 0 0 0 rg BT 404.74 676.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 453.96 676.10 Td (approval. ) Tj ET Q q 0 0 0 rg BT 493.85 676.10 Td (While ) Tj ET Q q 0 0 0 rg BT 520.86 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.48 676.10 Td (T) Tj ET Q q 0 0 0 rg BT 541.23 676.10 Td (rustees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 664.10 Td (have ) Tj ET Q q 0 0 0 rg BT 64.20 664.10 Td (no ) Tj ET Q q 0 0 0 rg BT 76.52 664.10 Td (present ) Tj ET Q q 0 0 0 rg BT 107.72 664.10 Td (intention ) Tj ET Q q 0 0 0 rg BT 145.59 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.24 664.10 Td (exercising ) Tj ET Q q 0 0 0 rg BT 199.66 664.10 Td (this ) Tj ET Q q 0 0 0 rg BT 216.43 664.10 Td (power) Tj ET Q q 0 0 0 rg BT 241.02 664.10 Td (, ) Tj ET Q q 0 0 0 rg BT 245.84 664.10 Td (they ) Tj ET Q q 0 0 0 rg BT 265.38 664.10 Td (may ) Tj ET Q q 0 0 0 rg BT 284.92 664.10 Td (do ) Tj ET Q q 0 0 0 rg BT 297.24 664.10 Td (so ) Tj ET Q q 0 0 0 rg BT 308.45 664.10 Td (if ) Tj ET Q q 0 0 0 rg BT 316.88 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.42 664.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 354.31 664.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 373.84 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.94 664.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 407.91 664.10 Td (a ) Tj ET Q q 0 0 0 rg BT 414.67 664.10 Td (viable ) Tj ET Q q 0 0 0 rg BT 441.43 664.10 Td (size ) Tj ET Q q 0 0 0 rg BT 459.30 664.10 Td (within ) Tj ET Q q 0 0 0 rg BT 487.17 664.10 Td (a ) Tj ET Q q 0 0 0 rg BT 493.94 664.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 539.01 664.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.83 652.10 Td (time ) Tj ET Q q 0 0 0 rg BT 74.10 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 84.93 652.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.09 652.10 Td (such ) Tj ET Q q 0 0 0 rg BT 119.92 652.10 Td (other ) Tj ET Q q 0 0 0 rg BT 142.97 652.10 Td (reasons ) Tj ET Q q 0 0 0 rg BT 175.46 652.10 Td (as ) Tj ET Q q 0 0 0 rg BT 186.29 652.10 Td (may ) Tj ET Q q 0 0 0 rg BT 206.01 652.10 Td (be ) Tj ET Q q 0 0 0 rg BT 217.95 652.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 265.43 652.10 Td (by ) Tj ET Q q 0 0 0 rg BT 277.93 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.64 652.10 Td (Board.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 634.10 Td (L) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.67 634.10 Td (IMIT) Tj ET Q q 0 0 0 rg BT 70.50 634.10 Td (A) Tj ET Q q 0 0 0 rg BT 76.34 634.10 Td (TION ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.59 634.10 Td (O) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 109.37 634.10 Td (F) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 114.87 634.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.19 634.10 Td (T) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 123.86 634.10 Td (RUSTEES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.87 634.10 Td ( L) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 177.04 634.10 Td (IABILITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 616.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.54 616.10 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 109.17 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.35 616.10 Td (T) Tj ET Q q 0 0 0 rg BT 125.11 616.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 142.10 616.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 178.53 616.10 Td (that ) Tj ET Q q 0 0 0 rg BT 195.52 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 201.80 616.10 Td (T) Tj ET Q q 0 0 0 rg BT 207.56 616.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 233.43 616.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 254.31 616.10 Td (be ) Tj ET Q q 0 0 0 rg BT 265.74 616.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 289.94 616.10 Td (only ) Tj ET Q q 0 0 0 rg BT 309.71 616.10 Td (for ) Tj ET Q q 0 0 0 rg BT 323.37 616.10 Td (his ) Tj ET Q q 0 0 0 rg BT 337.03 616.10 Td (or ) Tj ET Q q 0 0 0 rg BT 347.35 616.10 Td (her ) Tj ET Q q 0 0 0 rg BT 362.11 616.10 Td (own ) Tj ET Q q 0 0 0 rg BT 381.33 616.10 Td (willful ) Tj ET Q q 0 0 0 rg BT 409.98 616.10 Td (misfeasance, ) Tj ET Q q 0 0 0 rg BT 463.34 616.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 479.77 616.10 Td (faith, ) Tj ET Q q 0 0 0 rg BT 502.58 616.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 525.69 616.10 Td (negligence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 604.10 Td (or ) Tj ET Q q 0 0 0 rg BT 54.08 604.10 Td (reckless ) Tj ET Q q 0 0 0 rg BT 89.04 604.10 Td (disregard ) Tj ET Q q 0 0 0 rg BT 129.00 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.09 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.06 604.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 181.70 604.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 219.44 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 229.97 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.94 604.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 279.35 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.44 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.41 604.10 Td (of) Tj ET Q q 0 0 0 rg BT 313.55 604.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 331.29 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.18 604.10 Td (T) Tj ET Q q 0 0 0 rg BT 347.93 604.10 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 377.06 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.25 604.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 415.89 604.10 Td (not ) Tj ET Q q 0 0 0 rg BT 431.43 604.10 Td (be ) Tj ET Q q 0 0 0 rg BT 443.62 604.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 468.58 604.10 Td (for ) Tj ET Q q 0 0 0 rg BT 483.00 604.10 Td (errors ) Tj ET Q q 0 0 0 rg BT 509.07 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.15 604.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 560.68 604.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 592.10 Td (mistakes ) Tj ET Q q 0 0 0 rg BT 80.91 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.16 592.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 110.06 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 121.31 592.10 Td (law) Tj ET Q q 0 0 0 rg BT 135.10 592.10 Td (. ) Tj ET Q q 0 0 0 rg BT 140.30 592.10 Td (The ) Tj ET Q q 0 0 0 rg BT 158.55 592.10 Td (T) Tj ET Q q 0 0 0 rg BT 164.31 592.10 Td (rustees ) Tj ET Q q 0 0 0 rg BT 195.00 592.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 216.80 592.10 Td (not ) Tj ET Q q 0 0 0 rg BT 232.49 592.10 Td (be ) Tj ET Q q 0 0 0 rg BT 244.85 592.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 293.31 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 304.56 592.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 329.69 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.38 592.10 Td (any ) Tj ET Q q 0 0 0 rg BT 357.74 592.10 Td (event ) Tj ET Q q 0 0 0 rg BT 382.31 592.10 Td (for ) Tj ET Q q 0 0 0 rg BT 396.89 592.10 Td (any ) Tj ET Q q 0 0 0 rg BT 414.24 592.10 Td (neglect ) Tj ET Q q 0 0 0 rg BT 446.03 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 457.28 592.10 Td (wrong-doing ) Tj ET Q q 0 0 0 rg BT 511.85 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.10 592.10 Td (any ) Tj ET Q q 0 0 0 rg BT 540.45 592.10 Td (of) Tj ET Q q 0 0 0 rg BT 548.60 592.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 566.52 592.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 580.10 Td (agent, ) Tj ET Q q 0 0 0 rg BT 70.19 580.10 Td (employee, ) Tj ET Q q 0 0 0 rg BT 114.59 580.10 Td (adviser ) Tj ET Q q 0 0 0 rg BT 146.51 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.87 580.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 196.44 580.10 Td (underwriter ) Tj ET Q q 0 0 0 rg BT 246.12 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.49 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.52 580.10 Td (T) Tj ET Q q 0 0 0 rg BT 278.28 580.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 298.81 580.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 315.17 580.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 337.09 580.10 Td (any ) Tj ET Q q 0 0 0 rg BT 354.35 580.10 Td (T) Tj ET Q q 0 0 0 rg BT 360.10 580.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 387.01 580.10 Td (be ) Tj ET Q q 0 0 0 rg BT 399.49 580.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 448.07 580.10 Td (for ) Tj ET Q q 0 0 0 rg BT 462.76 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.01 580.10 Td (act ) Tj ET Q q 0 0 0 rg BT 492.70 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 504.06 580.10 Td (omission ) Tj ET Q q 0 0 0 rg BT 543.22 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 554.58 580.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 568.10 Td (other ) Tj ET Q q 0 0 0 rg BT 65.43 568.10 Td (T) Tj ET Q q 0 0 0 rg BT 71.19 568.10 Td (rustee. ) Tj ET Q q 0 0 0 rg BT 99.45 568.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.03 568.10 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 165.71 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.93 568.10 Td (T) Tj ET Q q 0 0 0 rg BT 181.68 568.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 198.72 568.10 Td (also ) Tj ET Q q 0 0 0 rg BT 216.86 568.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 253.33 568.10 Td (that ) Tj ET Q q 0 0 0 rg BT 270.36 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.46 568.10 Td (T) Tj ET Q q 0 0 0 rg BT 290.22 568.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 307.25 568.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 328.17 568.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 371.31 568.10 Td (each ) Tj ET Q q 0 0 0 rg BT 391.66 568.10 Td (person ) Tj ET Q q 0 0 0 rg BT 420.35 568.10 Td (who ) Tj ET Q q 0 0 0 rg BT 439.61 568.10 Td (is, ) Tj ET Q q 0 0 0 rg BT 450.81 568.10 Td (or ) Tj ET Q q 0 0 0 rg BT 461.18 568.10 Td (has ) Tj ET Q q 0 0 0 rg BT 476.54 568.10 Td (been, ) Tj ET Q q 0 0 0 rg BT 499.95 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 506.28 568.10 Td (T) Tj ET Q q 0 0 0 rg BT 512.03 568.10 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 540.44 568.10 Td (of) Tj ET Q q 0 0 0 rg BT 548.59 568.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 566.51 568.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 556.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 84.24 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 94.94 556.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 118.96 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.66 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.07 556.10 Td (T) Tj ET Q q 0 0 0 rg BT 149.83 556.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 169.69 556.10 Td (any ) Tj ET Q q 0 0 0 rg BT 186.50 556.10 Td (person ) Tj ET Q q 0 0 0 rg BT 215.53 556.10 Td (who ) Tj ET Q q 0 0 0 rg BT 235.11 556.10 Td (is ) Tj ET Q q 0 0 0 rg BT 244.15 556.10 Td (serving ) Tj ET Q q 0 0 0 rg BT 275.96 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 286.65 556.10 Td (has ) Tj ET Q q 0 0 0 rg BT 302.35 556.10 Td (served ) Tj ET Q q 0 0 0 rg BT 330.82 556.10 Td (at ) Tj ET Q q 0 0 0 rg BT 340.40 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.81 556.10 Td (T) Tj ET Q q 0 0 0 rg BT 360.57 556.10 Td (rust) Tj ET Q q 0 0 0 rg BT 378.35 556.10 Td (s ) Tj ET Q q 0 0 0 rg BT 384.61 556.10 Td (request ) Tj ET Q q 0 0 0 rg BT 415.85 556.10 Td (as ) Tj ET Q q 0 0 0 rg BT 426.55 556.10 Td (a ) Tj ET Q q 0 0 0 rg BT 433.18 556.10 Td (T) Tj ET Q q 0 0 0 rg BT 438.94 556.10 Td (rustee, ) Tj ET Q q 0 0 0 rg BT 467.69 556.10 Td (of) Tj ET Q q 0 0 0 rg BT 475.83 556.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 493.75 556.10 Td (, ) Tj ET Q q 0 0 0 rg BT 498.62 556.10 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 530.14 556.10 Td (employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 544.10 Td (or ) Tj ET Q q 0 0 0 rg BT 54.25 544.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 78.82 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.06 544.10 Td (another ) Tj ET Q q 0 0 0 rg BT 122.96 544.10 Td (or) Tj ET Q q 0 0 0 rg BT 131.11 544.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 175.68 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.37 544.10 Td (which ) Tj ET Q q 0 0 0 rg BT 213.72 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.64 544.10 Td (T) Tj ET Q q 0 0 0 rg BT 234.40 544.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 252.32 544.10 Td (has ) Tj ET Q q 0 0 0 rg BT 268.56 544.10 Td (any ) Tj ET Q q 0 0 0 rg BT 285.91 544.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 318.26 544.10 Td (as ) Tj ET Q q 0 0 0 rg BT 329.51 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 336.86 544.10 Td (shareholder) Tj ET Q q 0 0 0 rg BT 383.11 544.10 Td (, ) Tj ET Q q 0 0 0 rg BT 388.52 544.10 Td (creditor ) Tj ET Q q 0 0 0 rg BT 422.53 544.10 Td (or ) Tj ET Q q 0 0 0 rg BT 433.78 544.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 475.57 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.26 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.39 544.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 528.74 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 546.10 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 556.79 544.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 532.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 75.73 532.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 114.02 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 124.55 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.90 532.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 180.53 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.71 532.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 234.89 532.10 Td (By-laws. ) Tj ET Q q 0 0 0 rg BT 273.47 532.10 Td (However) Tj ET Q q 0 0 0 rg BT 309.72 532.10 Td (, ) Tj ET Q q 0 0 0 rg BT 314.96 532.10 Td (nothing ) Tj ET Q q 0 0 0 rg BT 348.26 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.79 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.75 532.10 Td (Declaration ) Tj ET Q q 0 0 0 rg BT 423.14 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.01 532.10 Td (T) Tj ET Q q 0 0 0 rg BT 439.77 532.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 457.52 532.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 479.15 532.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 509.66 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 520.73 532.10 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 564.58 532.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 520.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.76 520.10 Td (rustee ) Tj ET Q q 0 0 0 rg BT 74.79 520.10 Td (against ) Tj ET Q q 0 0 0 rg BT 105.28 520.10 Td (any ) Tj ET Q q 0 0 0 rg BT 121.88 520.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 155.14 520.10 Td (for ) Tj ET Q q 0 0 0 rg BT 168.96 520.10 Td (his ) Tj ET Q q 0 0 0 rg BT 182.79 520.10 Td (or ) Tj ET Q q 0 0 0 rg BT 193.28 520.10 Td (her ) Tj ET Q q 0 0 0 rg BT 208.21 520.10 Td (willful ) Tj ET Q q 0 0 0 rg BT 237.04 520.10 Td (misfeasance, ) Tj ET Q q 0 0 0 rg BT 290.56 520.10 Td (bad ) Tj ET Q q 0 0 0 rg BT 307.16 520.10 Td (faith, ) Tj ET Q q 0 0 0 rg BT 330.14 520.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 353.41 520.10 Td (negligence ) Tj ET Q q 0 0 0 rg BT 398.88 520.10 Td (or ) Tj ET Q q 0 0 0 rg BT 409.37 520.10 Td (reckless ) Tj ET Q q 0 0 0 rg BT 443.74 520.10 Td (disregard ) Tj ET Q q 0 0 0 rg BT 483.11 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.60 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.97 520.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 534.02 520.10 Td (involved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 53.55 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.54 508.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 102.97 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.07 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.06 508.10 Td (of) Tj ET Q q 0 0 0 rg BT 137.21 508.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 154.97 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.88 508.10 Td (T) Tj ET Q q 0 0 0 rg BT 171.63 508.10 Td (rustee. ) Tj ET Q q 0 0 0 rg BT 200.78 508.10 Td (Nothing ) Tj ET Q q 0 0 0 rg BT 236.33 508.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 277.98 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.53 508.10 Td (this ) Tj ET Q q 0 0 0 rg BT 305.75 508.10 Td (section ) Tj ET Q q 0 0 0 rg BT 336.85 508.10 Td (attempts ) Tj ET Q q 0 0 0 rg BT 373.51 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.06 508.10 Td (disclaim ) Tj ET Q q 0 0 0 rg BT 420.71 508.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.73 508.10 Td (T) Tj ET Q q 0 0 0 rg BT 433.48 508.10 Td (rustee) Tj ET Q q 0 0 0 rg BT 460.14 508.10 Td (s ) Tj ET Q q 0 0 0 rg BT 466.80 508.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 510.13 508.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 544.01 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 554.56 508.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 496.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 75.49 496.10 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 125.76 496.10 Td (with ) Tj ET Q q 0 0 0 rg BT 146.04 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.75 496.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 191.01 496.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 231.27 496.10 Td (laws.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 478.10 Td (B) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.67 478.10 Td (ROKERAGE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.18 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.50 478.10 Td (T) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 111.17 478.10 Td (RANSACTIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 460.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.46 460.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 87.38 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.63 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.62 460.10 Td (T) Tj ET Q q 0 0 0 rg BT 117.38 460.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 134.30 460.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 174.53 460.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 215.88 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.23 460.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 253.59 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.84 460.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 303.52 460.10 Td (for ) Tj ET Q q 0 0 0 rg BT 317.10 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.23 460.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 353.71 460.10 Td (is ) Tj ET Q q 0 0 0 rg BT 362.30 460.10 Td (that ) Tj ET Q q 0 0 0 rg BT 379.21 460.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 412.79 460.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 468.58 460.10 Td (will ) Tj ET Q q 0 0 0 rg BT 486.05 460.10 Td (be ) Tj ET Q q 0 0 0 rg BT 497.41 460.10 Td (given ) Tj ET Q q 0 0 0 rg BT 521.54 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.24 460.10 Td (obtaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.05 448.10 Td (most ) Tj ET Q q 0 0 0 rg BT 78.32 448.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 117.90 448.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 143.61 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.88 448.10 Td (ef) Tj ET Q q 0 0 0 rg BT 167.47 448.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 194.84 448.10 Td (executions ) Tj ET Q q 0 0 0 rg BT 239.43 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.59 448.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 301.68 448.10 Td (Consistent ) Tj ET Q q 0 0 0 rg BT 345.73 448.10 Td (with ) Tj ET Q q 0 0 0 rg BT 365.34 448.10 Td (this ) Tj ET Q q 0 0 0 rg BT 381.62 448.10 Td (policy) Tj ET Q q 0 0 0 rg BT 405.96 448.10 Td (, ) Tj ET Q q 0 0 0 rg BT 410.29 448.10 Td (when ) Tj ET Q q 0 0 0 rg BT 433.78 448.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 473.37 448.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 522.97 448.10 Td (are ) Tj ET Q q 0 0 0 rg BT 537.00 448.10 Td (ef) Tj ET Q q 0 0 0 rg BT 544.59 448.10 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 436.10 Td (on ) Tj ET Q q 0 0 0 rg BT 54.59 436.10 Td (a ) Tj ET Q q 0 0 0 rg BT 60.62 436.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 83.32 436.10 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 125.17 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.86 436.10 Td (T) Tj ET Q q 0 0 0 rg BT 144.62 436.10 Td (rust) Tj ET Q q 0 0 0 rg BT 162.40 436.10 Td (s ) Tj ET Q q 0 0 0 rg BT 167.88 436.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 194.47 436.10 Td (is ) Tj ET Q q 0 0 0 rg BT 202.73 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.10 436.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 228.13 436.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 281.95 436.10 Td (which ) Tj ET Q q 0 0 0 rg BT 307.98 436.10 Td (are ) Tj ET Q q 0 0 0 rg BT 321.78 436.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 366.68 436.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 382.15 436.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.18 436.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 442.53 436.10 Td (without ) Tj ET Q q 0 0 0 rg BT 474.68 436.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 520.69 436.10 Td (determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 424.10 Td (that ) Tj ET Q q 0 0 0 rg BT 60.66 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.54 424.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 104.31 424.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 139.75 424.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 194.64 424.10 Td (are ) Tj ET Q q 0 0 0 rg BT 209.51 424.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 229.39 424.10 Td (in ) Tj ET Q q 0 0 0 rg BT 239.84 424.10 Td (all ) Tj ET Q q 0 0 0 rg BT 252.49 424.10 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 314.11 424.10 Td (The ) Tj ET Q q 0 0 0 rg BT 332.12 424.10 Td (T) Tj ET Q q 0 0 0 rg BT 337.88 424.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 355.54 424.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 390.97 424.10 Td (that ) Tj ET Q q 0 0 0 rg BT 408.63 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 415.73 424.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 466.71 424.10 Td (always ) Tj ET Q q 0 0 0 rg BT 497.14 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.58 424.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 528.01 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.89 424.10 Td (lowest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 412.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 78.29 412.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 129.14 412.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 147.76 412.10 Td (could ) Tj ET Q q 0 0 0 rg BT 172.49 412.10 Td (impede ) Tj ET Q q 0 0 0 rg BT 204.43 412.10 Td (ef) Tj ET Q q 0 0 0 rg BT 212.02 412.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 241.74 412.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 279.24 412.10 Td (management ) Tj ET Q q 0 0 0 rg BT 332.84 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.79 412.10 Td (preclude ) Tj ET Q q 0 0 0 rg BT 386.73 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.46 412.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 424.53 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.48 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.21 412.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 509.28 412.10 Td (from ) Tj ET Q q 0 0 0 rg BT 531.23 412.10 Td (obtaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 49.88 400.10 Td (high ) Tj ET Q q 0 0 0 rg BT 70.11 400.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 100.33 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.10 400.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 153.52 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.41 400.10 Td (research ) Tj ET Q q 0 0 0 rg BT 206.16 400.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 243.31 400.10 Td (In ) Tj ET Q q 0 0 0 rg BT 254.08 400.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 287.08 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.30 400.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 339.73 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.39 400.10 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 416.81 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.58 400.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 470.01 400.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 524.68 400.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 544.34 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 554.56 400.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 388.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 91.00 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.85 388.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 157.03 388.10 Td (will ) Tj ET Q q 0 0 0 rg BT 174.21 388.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 191.39 388.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 213.01 388.10 Td (its ) Tj ET Q q 0 0 0 rg BT 224.09 388.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 269.02 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.09 388.10 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 330.59 388.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 370.54 388.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 424.39 388.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 463.22 388.10 Td (char) Tj ET Q q 0 0 0 rg BT 480.25 388.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 496.32 388.10 Td (by ) Tj ET Q q 0 0 0 rg BT 507.94 388.10 Td (various ) Tj ET Q q 0 0 0 rg BT 539.01 388.10 Td (brokers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 59.85 376.10 Td (on ) Tj ET Q q 0 0 0 rg BT 72.25 376.10 Td (its ) Tj ET Q q 0 0 0 rg BT 84.11 376.10 Td (judgment ) Tj ET Q q 0 0 0 rg BT 124.29 376.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.47 376.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 178.53 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.16 376.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 235.54 376.10 Td (services ) Tj ET Q q 0 0 0 rg BT 270.15 376.10 Td (received ) Tj ET Q q 0 0 0 rg BT 306.42 376.10 Td (from ) Tj ET Q q 0 0 0 rg BT 328.27 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.89 376.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 371.40 376.10 Td (ef) Tj ET Q q 0 0 0 rg BT 378.99 376.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 409.16 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.78 376.10 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 472.56 376.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 494.97 376.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 556.80 376.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 364.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 90.54 364.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 134.19 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.74 364.10 Td (imprecise, ) Tj ET Q q 0 0 0 rg BT 196.23 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 207.67 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.56 364.10 Td (most ) Tj ET Q q 0 0 0 rg BT 241.12 364.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 267.83 364.10 Td (an ) Tj ET Q q 0 0 0 rg BT 280.39 364.10 Td (exact ) Tj ET Q q 0 0 0 rg BT 304.59 364.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 331.03 364.10 Td (value ) Tj ET Q q 0 0 0 rg BT 355.80 364.10 Td (for ) Tj ET Q q 0 0 0 rg BT 370.57 364.10 Td (those ) Tj ET Q q 0 0 0 rg BT 394.79 364.10 Td (services ) Tj ET Q q 0 0 0 rg BT 430.11 364.10 Td (is ) Tj ET Q q 0 0 0 rg BT 439.89 364.10 Td (not ) Tj ET Q q 0 0 0 rg BT 455.79 364.10 Td (ascertainable. ) Tj ET Q q 0 0 0 rg BT 513.36 364.10 Td (The ) Tj ET Q q 0 0 0 rg BT 531.80 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 537.55 364.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 555.67 364.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 352.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 77.20 352.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 110.84 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.82 352.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 174.23 352.10 Td (that ) Tj ET Q q 0 0 0 rg BT 191.76 352.10 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 225.97 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.73 352.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 297.14 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.01 352.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 329.99 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.86 352.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 370.06 352.10 Td (as ) Tj ET Q q 0 0 0 rg BT 380.93 352.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.91 352.10 Td (factor ) Tj ET Q q 0 0 0 rg BT 413.76 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.08 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.84 352.10 Td (selection ) Tj ET Q q 0 0 0 rg BT 476.92 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.79 352.10 Td (a ) Tj ET Q q 0 0 0 rg BT 494.77 352.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 523.41 352.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.28 352.10 Td (dealer ) Tj ET Q q 0 0 0 rg BT 561.25 352.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 340.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 76.03 340.10 Td (its ) Tj ET Q q 0 0 0 rg BT 87.98 340.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 125.48 340.10 Td (transactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 322.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.87 322.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 113.75 322.10 Td (owes ) Tj ET Q q 0 0 0 rg BT 136.63 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.40 322.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 181.82 322.10 Td (duty ) Tj ET Q q 0 0 0 rg BT 201.92 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.03 322.10 Td (its ) Tj ET Q q 0 0 0 rg BT 223.80 322.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 252.23 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.34 322.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 282.43 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.54 322.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 325.41 322.10 Td (best ) Tj ET Q q 0 0 0 rg BT 343.84 322.10 Td (execution ) Tj ET Q q 0 0 0 rg BT 385.04 322.10 Td (on ) Tj ET Q q 0 0 0 rg BT 397.37 322.10 Td (trades ) Tj ET Q q 0 0 0 rg BT 423.57 322.10 Td (ef) Tj ET Q q 0 0 0 rg BT 431.16 322.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 460.41 322.10 Td (In ) Tj ET Q q 0 0 0 rg BT 471.07 322.10 Td (selecting ) Tj ET Q q 0 0 0 rg BT 508.94 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 515.70 322.10 Td (broker/dealer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 310.10 Td (for ) Tj ET Q q 0 0 0 rg BT 56.97 310.10 Td (each ) Tj ET Q q 0 0 0 rg BT 77.59 310.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 111.00 310.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 159.68 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.21 310.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 227.07 310.10 Td (chooses ) Tj ET Q q 0 0 0 rg BT 261.04 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.56 310.10 Td (broker/dealer ) Tj ET Q q 0 0 0 rg BT 331.17 310.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 364.58 310.10 Td (most ) Tj ET Q q 0 0 0 rg BT 386.33 310.10 Td (capable ) Tj ET Q q 0 0 0 rg BT 419.18 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.82 310.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 471.01 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.54 310.10 Td (services ) Tj ET Q q 0 0 0 rg BT 520.06 310.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 561.23 310.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 298.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 71.63 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.47 298.10 Td (most ) Tj ET Q q 0 0 0 rg BT 110.55 298.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 151.94 298.10 Td (execution. ) Tj ET Q q 0 0 0 rg BT 196.94 298.10 Td (Best ) Tj ET Q q 0 0 0 rg BT 222.79 298.10 Td (execution ) Tj ET Q q 0 0 0 rg BT 269.73 298.10 Td (is ) Tj ET Q q 0 0 0 rg BT 280.03 298.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 320.86 298.10 Td (understood ) Tj ET Q q 0 0 0 rg BT 368.93 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.34 298.10 Td (mean ) Tj ET Q q 0 0 0 rg BT 405.62 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.47 298.10 Td (most ) Tj ET Q q 0 0 0 rg BT 444.55 298.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 485.93 298.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 505.67 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 517.63 298.10 Td (net ) Tj ET Q q 0 0 0 rg BT 533.48 298.10 Td (proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 286.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 89.42 286.10 Td (obtainable ) Tj ET Q q 0 0 0 rg BT 134.18 286.10 Td (under ) Tj ET Q q 0 0 0 rg BT 160.06 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.38 286.10 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 237.41 286.10 Td (The ) Tj ET Q q 0 0 0 rg BT 256.06 286.10 Td (full ) Tj ET Q q 0 0 0 rg BT 273.06 286.10 Td (range ) Tj ET Q q 0 0 0 rg BT 298.37 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.81 286.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 352.89 286.10 Td (services ) Tj ET Q q 0 0 0 rg BT 388.21 286.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 432.40 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.29 286.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.84 286.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 492.26 286.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 539.24 286.10 Td (may ) Tj ET Q q 0 0 0 rg BT 559.56 286.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 274.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 89.26 274.10 Td (when ) Tj ET Q q 0 0 0 rg BT 113.87 274.10 Td (making ) Tj ET Q q 0 0 0 rg BT 146.81 274.10 Td (this ) Tj ET Q q 0 0 0 rg BT 164.20 274.10 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 207.42 274.10 Td (which ) Tj ET Q q 0 0 0 rg BT 234.81 274.10 Td (may ) Tj ET Q q 0 0 0 rg BT 254.97 274.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 289.85 274.10 Td (but ) Tj ET Q q 0 0 0 rg BT 305.57 274.10 Td (is ) Tj ET Q q 0 0 0 rg BT 315.19 274.10 Td (not ) Tj ET Q q 0 0 0 rg BT 330.91 274.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 362.19 274.10 Td (to: ) Tj ET Q q 0 0 0 rg BT 375.69 274.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 408.93 274.10 Td (, ) Tj ET Q q 0 0 0 rg BT 414.38 274.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 439.81 274.10 Td (commission, ) Tj ET Q q 0 0 0 rg BT 493.59 274.10 Td (timing, ) Tj ET Q q 0 0 0 rg BT 525.15 274.10 Td (aggregated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 262.10 Td (trades, ) Tj ET Q q 0 0 0 rg BT 72.05 262.10 Td (capable ) Tj ET Q q 0 0 0 rg BT 105.26 262.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 127.37 262.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 160.03 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 171.03 262.10 Td (traders, ) Tj ET Q q 0 0 0 rg BT 203.42 262.10 Td (competent ) Tj ET Q q 0 0 0 rg BT 247.74 262.10 Td (block ) Tj ET Q q 0 0 0 rg BT 272.63 262.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 303.63 262.10 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 344.88 262.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 373.11 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.56 262.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 420.96 262.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 450.29 262.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 485.18 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.29 262.10 Td (stability) Tj ET Q q 0 0 0 rg BT 533.86 262.10 Td (, ) Tj ET Q q 0 0 0 rg BT 539.03 262.10 Td (reliable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 60.39 250.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 96.65 250.10 Td (communications ) Tj ET Q q 0 0 0 rg BT 165.70 250.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.09 250.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 227.15 250.10 Td (processing, ) Tj ET Q q 0 0 0 rg BT 275.37 250.10 Td (use ) Tj ET Q q 0 0 0 rg BT 291.65 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.94 250.10 Td (automation, ) Tj ET Q q 0 0 0 rg BT 353.38 250.10 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 400.21 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.50 250.10 Td (other ) Tj ET Q q 0 0 0 rg BT 435.00 250.10 Td (buyers ) Tj ET Q q 0 0 0 rg BT 464.61 250.10 Td (or ) Tj ET Q q 0 0 0 rg BT 475.90 250.10 Td (sellers, ) Tj ET Q q 0 0 0 rg BT 506.90 250.10 Td (arbitrage ) Tj ET Q q 0 0 0 rg BT 545.38 250.10 Td (skills, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 238.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 102.03 238.10 Td (ability) Tj ET Q q 0 0 0 rg BT 126.93 238.10 Td (, ) Tj ET Q q 0 0 0 rg BT 131.25 238.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 184.73 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.98 238.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 240.58 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.73 238.10 Td (information ) Tj ET Q q 0 0 0 rg BT 299.77 238.10 Td (on ) Tj ET Q q 0 0 0 rg BT 311.59 238.10 Td (a ) Tj ET Q q 0 0 0 rg BT 317.84 238.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 357.98 238.10 Td (security ) Tj ET Q q 0 0 0 rg BT 391.45 238.10 Td (or ) Tj ET Q q 0 0 0 rg BT 401.60 238.10 Td (market ) Tj ET Q q 0 0 0 rg BT 431.19 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.78 238.10 Td (which ) Tj ET Q q 0 0 0 rg BT 467.04 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.08 238.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 526.77 238.10 Td (is ) Tj ET Q q 0 0 0 rg BT 535.26 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 544.86 238.10 Td (occur) Tj ET Q q 0 0 0 rg BT 566.52 238.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 226.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.56 226.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 93.66 226.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 123.98 226.10 Td (will ) Tj ET Q q 0 0 0 rg BT 141.54 226.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 161.32 226.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 204.98 226.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 226.99 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.21 226.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 268.21 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.55 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.77 226.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 341.15 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.38 226.10 Td (market ) Tj ET Q q 0 0 0 rg BT 385.15 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.94 226.10 Td (which ) Tj ET Q q 0 0 0 rg BT 421.38 226.10 Td (it ) Tj ET Q q 0 0 0 rg BT 428.95 226.10 Td (is ) Tj ET Q q 0 0 0 rg BT 437.63 226.10 Td (executed, ) Tj ET Q q 0 0 0 rg BT 477.67 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.11 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.34 226.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 534.78 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 544.57 226.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.10 Td (it ) Tj ET Q q 0 0 0 rg BT 51.56 214.10 Td (is ) Tj ET Q q 0 0 0 rg BT 61.24 214.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 97.02 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.80 214.10 Td (select ) Tj ET Q q 0 0 0 rg BT 133.57 214.10 Td (from ) Tj ET Q q 0 0 0 rg BT 156.01 214.10 Td (among ) Tj ET Q q 0 0 0 rg BT 186.23 214.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 222.57 214.10 Td (broker/dealers. ) Tj ET Q q 0 0 0 rg BT 285.05 214.10 Td (The ) Tj ET Q q 0 0 0 rg BT 303.60 214.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 357.15 214.10 Td (will ) Tj ET Q q 0 0 0 rg BT 375.72 214.10 Td (also ) Tj ET Q q 0 0 0 rg BT 394.83 214.10 Td (use ) Tj ET Q q 0 0 0 rg BT 411.16 214.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 453.59 214.10 Td (crossing ) Tj ET Q q 0 0 0 rg BT 489.92 214.10 Td (networks ) Tj ET Q q 0 0 0 rg BT 529.58 214.10 Td (\(ECNs\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.10 Td (when ) Tj ET Q q 0 0 0 rg BT 67.16 202.10 Td (appropriate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 184.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 76.22 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.23 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.67 184.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 144.77 184.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 181.60 184.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 214.82 184.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.38 184.10 Td (dealers ) Tj ET Q q 0 0 0 rg BT 257.92 184.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 293.35 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.35 184.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 338.11 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.55 184.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 376.89 184.10 Td (s ) Tj ET Q q 0 0 0 rg BT 384.01 184.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 422.23 184.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 473.22 184.10 Td (may ) Tj ET Q q 0 0 0 rg BT 493.67 184.10 Td (include ) Tj ET Q q 0 0 0 rg BT 526.33 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.77 184.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 565.11 184.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 172.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 91.94 172.10 Td (Participants ) Tj ET Q q 0 0 0 rg BT 143.12 172.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 158.74 172.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 201.03 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.76 172.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 217.20166015625 170.76699218750002 m 393.6201171875 170.76699218750002 l s q 0 0 0 rg BT 217.20 172.10 Td (Procedures ) Tj ET Q q 0 0 0 rg BT 265.59 172.10 Td (for ) Tj ET Q q 0 0 0 rg BT 281.21 172.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 321.27 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.56 172.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 371.95 172.10 Td (Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.62 172.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.02 172.10 Td (below\) ) Tj ET Q q 0 0 0 rg BT 433.75 172.10 Td (or ) Tj ET Q q 0 0 0 rg BT 446.04 172.10 Td (their ) Tj ET Q q 0 0 0 rg BT 468.32 172.10 Td (af) Tj ET Q q 0 0 0 rg BT 475.91 172.10 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 508.71 172.10 Td (An ) Tj ET Q q 0 0 0 rg BT 524.01 172.10 Td (Authorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 160.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 88.94 160.10 Td (or ) Tj ET Q q 0 0 0 rg BT 99.88 160.10 Td (its ) Tj ET Q q 0 0 0 rg BT 111.94 160.10 Td (af) Tj ET Q q 0 0 0 rg BT 119.53 160.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 149.36 160.10 Td (may ) Tj ET Q q 0 0 0 rg BT 169.19 160.10 Td (be ) Tj ET Q q 0 0 0 rg BT 181.24 160.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 216.06 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.45 160.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 259.60 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.43 160.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 297.77 160.10 Td (s ) Tj ET Q q 0 0 0 rg BT 304.28 160.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 341.89 160.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 392.27 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.66 160.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 452.48 160.10 Td (with ) Tj ET Q q 0 0 0 rg BT 472.88 160.10 Td (an ) Tj ET Q q 0 0 0 rg BT 484.93 160.10 Td (all-cash ) Tj ET Q q 0 0 0 rg BT 518.64 160.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 553.46 160.10 Td (unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 148.10 Td (order ) Tj ET Q q 0 0 0 rg BT 67.05 148.10 Td (or ) Tj ET Q q 0 0 0 rg BT 78.33 148.10 Td (an ) Tj ET Q q 0 0 0 rg BT 90.72 148.10 Td (order ) Tj ET Q q 0 0 0 rg BT 114.77 148.10 Td (including ) Tj ET Q q 0 0 0 rg BT 155.49 148.10 Td (cash-in-lieu ) Tj ET Q q 0 0 0 rg BT 214.52 148.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 229.13 148.10 Td (described ) Tj ET Q q 0 0 0 rg BT 270.40 148.10 Td (below ) Tj ET Q q 0 0 0 rg BT 297.79 148.10 Td (under ) Tj ET Q q 0 0 0 rg BT 323.51 148.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 367.00 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.38 148.10 Td (Redemption ) Tj ET Q q 0 0 0 rg BT 436.22 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.50 148.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 477.11 148.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.84 148.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 525.22 148.10 Td (Units\), ) Tj ET Q q 0 0 0 rg BT 560.11 148.10 Td (so ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 136.10 Td (long ) Tj ET Q q 0 0 0 rg BT 63.52 136.10 Td (as ) Tj ET Q q 0 0 0 rg BT 74.59 136.10 Td (such ) Tj ET Q q 0 0 0 rg BT 95.66 136.10 Td (selection ) Tj ET Q q 0 0 0 rg BT 133.94 136.10 Td (is ) Tj ET Q q 0 0 0 rg BT 143.35 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.86 136.10 Td (keeping ) Tj ET Q q 0 0 0 rg BT 188.26 136.10 Td (with ) Tj ET Q q 0 0 0 rg BT 208.78 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.73 136.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 265.35 136.10 Td (policies. ) Tj ET Q q 0 0 0 rg BT 301.09 136.10 Td (As ) Tj ET Q q 0 0 0 rg BT 314.94 136.10 Td (described ) Tj ET Q q 0 0 0 rg BT 355.99 136.10 Td (below ) Tj ET Q q 0 0 0 rg BT 383.17 136.10 Td (under ) Tj ET Q q 0 0 0 rg BT 408.68 136.10 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 451.96 136.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.13 136.10 Td (Redemption ) Tj ET Q q 0 0 0 rg BT 520.75 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.82 136.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 561.22 136.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 124.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 79.96 124.10 Td (UnitsCreation ) Tj ET Q q 0 0 0 rg BT 148.42 124.10 Td (T) Tj ET Q q 0 0 0 rg BT 154.17 124.10 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 197.80 124.10 Td (Fee ) Tj ET Q q 0 0 0 rg BT 219.20 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.17 124.10 Td (Redemption ) Tj ET Q q 0 0 0 rg BT 301.84 124.10 Td (T) Tj ET Q q 0 0 0 rg BT 307.60 124.10 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 351.22 124.10 Td (Fee, ) Tj ET Q q 0 0 0 rg BT 375.13 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.88 124.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 412.97 124.10 Td (may ) Tj ET Q q 0 0 0 rg BT 432.72 124.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 475.23 124.10 Td (to ) Tj ET Q q 0 0 0 rg BT 485.54 124.10 Td (not ) Tj ET Q q 0 0 0 rg BT 500.85 124.10 Td (char) Tj ET Q q 0 0 0 rg BT 517.87 124.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 529.84 124.10 Td (a ) Tj ET Q q 0 0 0 rg BT 536.81 124.10 Td (variable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 112.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 58.07 112.10 Td (on ) Tj ET Q q 0 0 0 rg BT 70.92 112.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 100.99 112.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 128.83 112.10 Td (when ) Tj ET Q q 0 0 0 rg BT 153.35 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.80 112.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 202.32 112.10 Td (has ) Tj ET Q q 0 0 0 rg BT 218.51 112.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 266.35 112.10 Td (that ) Tj ET Q q 0 0 0 rg BT 284.20 112.10 Td (doing ) Tj ET Q q 0 0 0 rg BT 309.84 112.10 Td (so ) Tj ET Q q 0 0 0 rg BT 321.59 112.10 Td (is ) Tj ET Q q 0 0 0 rg BT 331.12 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.75 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.83 112.10 Td (best ) Tj ET Q q 0 0 0 rg BT 375.80 112.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 411.98 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.17 112.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 446.59 112.10 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 502.49 112.10 Td (e.g., ) Tj ET Q q 0 0 0 rg BT 522.28 112.10 Td (for ) Tj ET Q q 0 0 0 rg BT 536.80 112.10 Td (creation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 100.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 70.52 100.10 Td (that ) Tj ET Q q 0 0 0 rg BT 88.05 100.10 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 125.56 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.30 100.10 Td (rebalance ) Tj ET Q q 0 0 0 rg BT 181.14 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.00 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.75 100.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 230.09 100.10 Td (s ) Tj ET Q q 0 0 0 rg BT 236.51 100.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 274.04 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.35 100.10 Td (a ) Tj ET Q q 0 0 0 rg BT 291.32 100.10 Td (more ) Tj ET Q q 0 0 0 rg BT 314.40 100.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 329.15 100.10 Td (ef) Tj ET Q q 0 0 0 rg BT 336.73 100.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 364.81 100.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 397.32 100.10 Td (than ) Tj ET Q q 0 0 0 rg BT 417.07 100.10 Td (could ) Tj ET Q q 0 0 0 rg BT 441.82 100.10 Td (be ) Tj ET Q q 0 0 0 rg BT 453.79 100.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 491.85 100.10 Td (without ) Tj ET Q q 0 0 0 rg BT 524.94 100.10 Td (such ) Tj ET Q q 0 0 0 rg BT 545.81 100.10 Td (order) Tj ET Q q 0 0 0 rg BT 566.50 100.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 88.10 Td (even ) Tj ET Q q 0 0 0 rg BT 64.68 88.10 Td (if ) Tj ET Q q 0 0 0 rg BT 73.59 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.61 88.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 124.73 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.31 88.10 Td (not ) Tj ET Q q 0 0 0 rg BT 150.89 88.10 Td (char) Tj ET Q q 0 0 0 rg BT 167.92 88.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 180.16 88.10 Td (a ) Tj ET Q q 0 0 0 rg BT 187.40 88.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 222.41 88.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 237.41 88.10 Td (could ) Tj ET Q q 0 0 0 rg BT 262.43 88.10 Td (be ) Tj ET Q q 0 0 0 rg BT 274.67 88.10 Td (viewed ) Tj ET Q q 0 0 0 rg BT 306.35 88.10 Td (as ) Tj ET Q q 0 0 0 rg BT 317.48 88.10 Td (benefiting ) Tj ET Q q 0 0 0 rg BT 360.83 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.23 88.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 423.01 88.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 469.14 88.10 Td (or ) Tj ET Q q 0 0 0 rg BT 480.27 88.10 Td (its ) Tj ET Q q 0 0 0 rg BT 492.52 88.10 Td (af) Tj ET Q q 0 0 0 rg BT 500.11 88.10 Td (filiate ) Tj ET Q q 0 0 0 rg BT 526.23 88.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 561.23 88.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 76.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 76.03 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.75 76.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 114.09 76.10 Td (s ) Tj ET Q q 0 0 0 rg BT 120.48 76.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 157.98 76.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 208.24 76.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.52 76.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 264.89 76.10 Td (with ) Tj ET Q q 0 0 0 rg BT 285.17 76.10 Td (such ) Tj ET Q q 0 0 0 rg BT 306.00 76.10 Td (orders.) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 59.84 742.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 111.69 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 130.20 742.10 Td (use ) Tj ET Q q 0 0 0 rg BT 144.83 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.34 742.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 181.68 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 186.87 742.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 211.49 742.10 Td (for) Tj ET Q q 0 0 0 rg BT 222.75 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 226.55 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 236.17 742.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 279.67 742.10 Td (in, ) Tj ET Q q 0 0 0 rg BT 291.24 742.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 335.30 742.10 Td (soft ) Tj ET Q q 0 0 0 rg BT 351.59 742.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 376.21 742.10 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 433.87 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 442.95 742.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 477.01 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.09 742.10 Td (receiving ) Tj ET Q q 0 0 0 rg BT 524.59 742.10 Td (proprietary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (research ) Tj ET Q q 0 0 0 rg BT 79.24 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 101.61 730.10 Td (various ) Tj ET Q q 0 0 0 rg BT 133.98 730.10 Td (full ) Tj ET Q q 0 0 0 rg BT 150.79 730.10 Td (service ) Tj ET Q q 0 0 0 rg BT 182.04 730.10 Td (brokers, ) Tj ET Q q 0 0 0 rg BT 217.46 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.61 730.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 251.65 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.91 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 290.28 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 299.88 730.10 Td (bundled ) Tj ET Q q 0 0 0 rg BT 335.03 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 355.74 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.89 730.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 389.93 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.19 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.34 730.10 Td (broker) Tj ET Q q 0 0 0 rg BT 442.81 730.10 Td () Tj ET Q q 0 0 0 rg BT 445.58 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 452.41 730.10 Td (execution ) Tj ET Q q 0 0 0 rg BT 494.21 730.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 531.64 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 550.11 730.10 Td (Sub-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 77.65 718.10 Td (does ) Tj ET Q q 0 0 0 rg BT 98.97 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 114.74 718.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 136.60 718.10 Td (up ) Tj ET Q q 0 0 0 rg BT 154.03 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 168.68 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.89 718.10 Td (value ) Tj ET Q q 0 0 0 rg BT 208.53 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.85 718.10 Td (any ) Tj ET Q q 0 0 0 rg BT 237.28 718.10 Td (such ) Tj ET Q q 0 0 0 rg BT 258.60 718.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 306.02 718.10 Td (research. ) Tj ET Q q 0 0 0 rg BT 344.81 718.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 377.80 718.10 Td (28\(e\) ) Tj ET Q q 0 0 0 rg BT 401.88 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.20 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.41 718.10 Td (1934 ) Tj ET Q q 0 0 0 rg BT 450.74 718.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 468.17 718.10 Td (permits ) Tj ET Q q 0 0 0 rg BT 501.15 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.36 718.10 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 566.51 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (under ) Tj ET Q q 0 0 0 rg BT 68.77 706.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 98.98 706.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 161.12 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.91 706.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 197.12 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.34 706.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 235.91 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.69 706.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 264.13 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 271.57 706.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 300.68 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 312.01 706.10 Td (dealer ) Tj ET Q q 0 0 0 rg BT 339.44 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.88 706.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 398.22 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 412.89 706.10 Td (ef) Tj ET Q q 0 0 0 rg BT 420.47 706.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 451.24 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 458.69 706.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 505.56 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.34 706.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 545.45 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 556.78 706.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 74.41 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.15 694.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 133.90 694.10 Td (another ) Tj ET Q q 0 0 0 rg BT 165.30 694.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 192.81 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 202.55 694.10 Td (dealer ) Tj ET Q q 0 0 0 rg BT 228.39 694.10 Td (would ) Tj ET Q q 0 0 0 rg BT 254.80 694.10 Td (have ) Tj ET Q q 0 0 0 rg BT 275.09 694.10 Td (char) Tj ET Q q 0 0 0 rg BT 292.11 694.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 307.97 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 321.04 694.10 Td (ef) Tj ET Q q 0 0 0 rg BT 328.63 694.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 357.80 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.43 694.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 416.72 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.91 694.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 472.86 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.60 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.23 694.10 Td (value ) Tj ET Q q 0 0 0 rg BT 519.30 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.04 694.10 Td (brokerage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 59.95 682.10 Td (research ) Tj ET Q q 0 0 0 rg BT 95.78 682.10 Td (services ) Tj ET Q q 0 0 0 rg BT 130.50 682.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 168.56 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 181.08 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.81 682.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 224.43 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 235.27 682.10 Td (dealer) Tj ET Q q 0 0 0 rg BT 259.14 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 263.98 682.10 Td (The ) Tj ET Q q 0 0 0 rg BT 282.04 682.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 335.11 682.10 Td (may ) Tj ET Q q 0 0 0 rg BT 354.84 682.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 386.22 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 393.18 682.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 423.46 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.30 682.10 Td (research ) Tj ET Q q 0 0 0 rg BT 470.12 682.10 Td (services ) Tj ET Q q 0 0 0 rg BT 504.85 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.80 682.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 55.35 670.10 Td (many ) Tj ET Q q 0 0 0 rg BT 79.91 670.10 Td (topics, ) Tj ET Q q 0 0 0 rg BT 108.65 670.10 Td (which ) Tj ET Q q 0 0 0 rg BT 135.44 670.10 Td (it ) Tj ET Q q 0 0 0 rg BT 143.34 670.10 Td (can ) Tj ET Q q 0 0 0 rg BT 159.57 670.10 Td (use ) Tj ET Q q 0 0 0 rg BT 175.25 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.37 670.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 231.59 670.10 Td (with ) Tj ET Q q 0 0 0 rg BT 251.72 670.10 Td (its ) Tj ET Q q 0 0 0 rg BT 263.52 670.10 Td (management ) Tj ET Q q 0 0 0 rg BT 316.96 670.10 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 379.86 670.10 Td (with ) Tj ET Q q 0 0 0 rg BT 399.98 670.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 430.65 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.77 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.34 670.10 Td (various ) Tj ET Q q 0 0 0 rg BT 487.13 670.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 524.46 670.10 Td (over ) Tj ET Q q 0 0 0 rg BT 544.58 670.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 658.10 Td (it ) Tj ET Q q 0 0 0 rg BT 52.34 658.10 Td (exercises ) Tj ET Q q 0 0 0 rg BT 92.77 658.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 140.43 658.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 183.64 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 195.76 658.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 238.42 658.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 276.64 658.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 324.30 658.10 Td (advice. ) Tj ET Q q 0 0 0 rg BT 356.40 658.10 Td (The ) Tj ET Q q 0 0 0 rg BT 375.73 658.10 Td (research ) Tj ET Q q 0 0 0 rg BT 412.82 658.10 Td (services ) Tj ET Q q 0 0 0 rg BT 448.81 658.10 Td (may ) Tj ET Q q 0 0 0 rg BT 469.80 658.10 Td (include ) Tj ET Q q 0 0 0 rg BT 503.02 658.10 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 547.90 658.10 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 646.10 Td (management ) Tj ET Q q 0 0 0 rg BT 97.35 646.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 134.77 646.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 173.02 646.10 Td (attribution ) Tj ET Q q 0 0 0 rg BT 217.94 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.64 646.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 283.34 646.10 Td (services ) Tj ET Q q 0 0 0 rg BT 318.80 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.50 646.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 377.52 646.10 Td (software ) Tj ET Q q 0 0 0 rg BT 415.20 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.90 646.10 Td (access ) Tj ET Q q 0 0 0 rg BT 461.69 646.10 Td (char) Tj ET Q q 0 0 0 rg BT 478.72 646.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 495.30 646.10 Td (which ) Tj ET Q q 0 0 0 rg BT 523.00 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 538.46 646.10 Td (directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 634.10 Td (related ) Tj ET Q q 0 0 0 rg BT 72.77 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.12 634.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 129.57 634.10 Td (research. ) Tj ET Q q 0 0 0 rg BT 167.38 634.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 216.72 634.10 Td (, ) Tj ET Q q 0 0 0 rg BT 221.79 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.58 634.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 259.71 634.10 Td (may ) Tj ET Q q 0 0 0 rg BT 279.50 634.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 296.51 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 303.52 634.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 332.19 634.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 383.09 634.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 411.21 634.10 Td (than ) Tj ET Q q 0 0 0 rg BT 431.00 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.78 634.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 474.46 634.10 Td (available ) Tj ET Q q 0 0 0 rg BT 513.12 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.47 634.10 Td (recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.45 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 67.79 622.10 Td (broker) Tj ET Q q 0 0 0 rg BT 94.26 622.10 Td () Tj ET Q q 0 0 0 rg BT 97.04 622.10 Td (s ) Tj ET Q q 0 0 0 rg BT 103.05 622.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 142.95 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.40 622.10 Td (such ) Tj ET Q q 0 0 0 rg BT 173.85 622.10 Td (services ) Tj ET Q q 0 0 0 rg BT 208.18 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.08 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.41 622.10 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 282.56 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 287.18 622.10 Td (but ) Tj ET Q q 0 0 0 rg BT 302.08 622.10 Td (only ) Tj ET Q q 0 0 0 rg BT 321.98 622.10 Td (if ) Tj ET Q q 0 0 0 rg BT 330.21 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.55 622.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 397.22 622.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 443.21 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.55 622.10 Td (total ) Tj ET Q q 0 0 0 rg BT 477.45 622.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 527.90 622.10 Td (\(including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.06 610.10 Td (soft ) Tj ET Q q 0 0 0 rg BT 73.90 610.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 99.06 610.10 Td (benefit\) ) Tj ET Q q 0 0 0 rg BT 132.00 610.10 Td (is ) Tj ET Q q 0 0 0 rg BT 140.51 610.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 188.99 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.61 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.67 610.10 Td (best ) Tj ET Q q 0 0 0 rg BT 230.62 610.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 280.79 610.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 297.62 610.10 Td (that ) Tj ET Q q 0 0 0 rg BT 314.46 610.10 Td (could ) Tj ET Q q 0 0 0 rg BT 338.51 610.10 Td (be ) Tj ET Q q 0 0 0 rg BT 349.79 610.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 387.17 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.78 610.10 Td (be ) Tj ET Q q 0 0 0 rg BT 408.06 610.10 Td (received ) Tj ET Q q 0 0 0 rg BT 443.77 610.10 Td (from ) Tj ET Q q 0 0 0 rg BT 465.05 610.10 Td (other ) Tj ET Q q 0 0 0 rg BT 487.43 610.10 Td (brokers. ) Tj ET Q q 0 0 0 rg BT 521.63 610.10 Td (The ) Tj ET Q q 0 0 0 rg BT 539.02 610.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.38 598.10 Td (soft ) Tj ET Q q 0 0 0 rg BT 70.43 598.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 95.80 598.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 129.51 598.10 Td (received ) Tj ET Q q 0 0 0 rg BT 165.42 598.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 200.24 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 212.29 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.56 598.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 258.60 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.98 598.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 311.01 598.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 360.82 598.10 Td (ef) Tj ET Q q 0 0 0 rg BT 368.41 598.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 394.88 598.10 Td (with ) Tj ET Q q 0 0 0 rg BT 414.71 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.98 598.10 Td (brokers. ) Tj ET Q q 0 0 0 rg BT 463.06 598.10 Td (A) Tj ET Q q 0 0 0 rg BT 469.73 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.78 598.10 Td (conflict ) Tj ET Q q 0 0 0 rg BT 504.38 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.76 598.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 546.24 598.10 Td (exists ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 586.10 Td (because ) Tj ET Q q 0 0 0 rg BT 77.91 586.10 Td (there ) Tj ET Q q 0 0 0 rg BT 101.15 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 111.08 586.10 Td (an ) Tj ET Q q 0 0 0 rg BT 123.78 586.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 163.69 586.10 Td (to: ) Tj ET Q q 0 0 0 rg BT 177.51 586.10 Td (1\) ) Tj ET Q q 0 0 0 rg BT 189.10 586.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 214.57 586.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 243.93 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.97 586.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 272.67 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.37 586.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 309.18 586.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 360.77 586.10 Td (than ) Tj ET Q q 0 0 0 rg BT 381.25 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.73 586.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 417.21 586.10 Td (might ) Tj ET Q q 0 0 0 rg BT 443.80 586.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 485.94 586.10 Td (be ) Tj ET Q q 0 0 0 rg BT 498.64 586.10 Td (able ) Tj ET Q q 0 0 0 rg BT 518.56 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.59 586.10 Td (negotiate; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 574.10 Td (2\)cause ) Tj ET Q q 0 0 0 rg BT 79.39 574.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 108.84 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.97 574.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 151.64 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.77 574.10 Td (more ) Tj ET Q q 0 0 0 rg BT 186.67 574.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 227.78 574.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 278.90 574.10 Td (than ) Tj ET Q q 0 0 0 rg BT 299.46 574.10 Td (would ) Tj ET Q q 0 0 0 rg BT 327.81 574.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 370.04 574.10 Td (be ) Tj ET Q q 0 0 0 rg BT 382.83 574.10 Td (optimal; ) Tj ET Q q 0 0 0 rg BT 419.51 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.30 574.10 Td (3\) ) Tj ET Q q 0 0 0 rg BT 448.98 574.10 Td (only ) Tj ET Q q 0 0 0 rg BT 470.11 574.10 Td (recommend ) Tj ET Q q 0 0 0 rg BT 520.67 574.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 554.01 574.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 562.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 76.05 562.10 Td (soft ) Tj ET Q q 0 0 0 rg BT 93.55 562.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 119.37 562.10 Td (benefits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 544.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.74 544.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 113.48 544.10 Td (faces ) Tj ET Q q 0 0 0 rg BT 136.21 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 142.84 544.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 180.03 544.10 Td (conflict ) Tj ET Q q 0 0 0 rg BT 212.76 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.28 544.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 254.91 544.10 Td (when ) Tj ET Q q 0 0 0 rg BT 278.76 544.10 Td (it ) Tj ET Q q 0 0 0 rg BT 286.51 544.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 305.92 544.10 Td (client ) Tj ET Q q 0 0 0 rg BT 330.33 544.10 Td (trades ) Tj ET Q q 0 0 0 rg BT 356.40 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.37 544.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 393.56 544.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 435.72 544.10 Td (or ) Tj ET Q q 0 0 0 rg BT 446.25 544.10 Td (research ) Tj ET Q q 0 0 0 rg BT 481.75 544.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 518.49 544.10 Td (This ) Tj ET Q q 0 0 0 rg BT 538.46 544.10 Td (conflict ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 532.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 68.53 532.10 Td (because ) Tj ET Q q 0 0 0 rg BT 102.93 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.90 532.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 171.21 532.10 Td (is ) Tj ET Q q 0 0 0 rg BT 180.63 532.10 Td (able ) Tj ET Q q 0 0 0 rg BT 200.04 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.57 532.10 Td (use ) Tj ET Q q 0 0 0 rg BT 226.66 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.63 532.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 284.36 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 295.44 532.10 Td (research ) Tj ET Q q 0 0 0 rg BT 331.50 532.10 Td (services ) Tj ET Q q 0 0 0 rg BT 366.46 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.99 532.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 410.84 532.10 Td (client ) Tj ET Q q 0 0 0 rg BT 435.81 532.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 473.55 532.10 Td (without ) Tj ET Q q 0 0 0 rg BT 506.86 532.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 536.83 532.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 557.35 532.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 520.10 Td (such ) Tj ET Q q 0 0 0 rg BT 63.46 520.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 100.29 520.10 Td (which ) Tj ET Q q 0 0 0 rg BT 126.85 520.10 Td (reduces ) Tj ET Q q 0 0 0 rg BT 159.52 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.86 520.10 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 224.78 520.10 Td () Tj ET Q q 0 0 0 rg BT 227.56 520.10 Td (s ) Tj ET Q q 0 0 0 rg BT 233.58 520.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 271.81 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.71 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.05 520.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 322.61 520.10 Td (that ) Tj ET Q q 0 0 0 rg BT 339.74 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.08 520.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 406.76 520.10 Td (would ) Tj ET Q q 0 0 0 rg BT 433.88 520.10 Td (have ) Tj ET Q q 0 0 0 rg BT 454.89 520.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 497.55 520.10 Td (such ) Tj ET Q q 0 0 0 rg BT 518.01 520.10 Td (products ) Tj ET Q q 0 0 0 rg BT 554.57 520.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.10 Td (they ) Tj ET Q q 0 0 0 rg BT 62.39 508.10 Td (not ) Tj ET Q q 0 0 0 rg BT 77.34 508.10 Td (been ) Tj ET Q q 0 0 0 rg BT 98.38 508.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 136.10 508.10 Td (by ) Tj ET Q q 0 0 0 rg BT 148.27 508.10 Td (brokers. ) Tj ET Q q 0 0 0 rg BT 182.93 508.10 Td (Section28\(e\) ) Tj ET Q q 0 0 0 rg BT 238.70 508.10 Td (permits ) Tj ET Q q 0 0 0 rg BT 270.86 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.25 508.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 337.97 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.92 508.10 Td (use ) Tj ET Q q 0 0 0 rg BT 363.42 508.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 405.57 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 416.07 508.10 Td (research ) Tj ET Q q 0 0 0 rg BT 451.54 508.10 Td (services ) Tj ET Q q 0 0 0 rg BT 485.92 508.10 Td (for ) Tj ET Q q 0 0 0 rg BT 499.75 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.14 508.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 544.07 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 554.57 508.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 496.10 Td (account ) Tj ET Q q 0 0 0 rg BT 76.43 496.10 Td (it ) Tj ET Q q 0 0 0 rg BT 84.32 496.10 Td (manages. ) Tj ET Q q 0 0 0 rg BT 124.14 496.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 155.91 496.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 193.23 496.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 231.66 496.10 Td (by ) Tj ET Q q 0 0 0 rg BT 244.00 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.55 496.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 311.44 496.10 Td (may ) Tj ET Q q 0 0 0 rg BT 330.99 496.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 367.19 496.10 Td (soft ) Tj ET Q q 0 0 0 rg BT 384.52 496.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 414.07 496.10 Td (used ) Tj ET Q q 0 0 0 rg BT 434.74 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 444.85 496.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 482.73 496.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 525.04 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 535.70 496.10 Td (research ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 484.10 Td (services ) Tj ET Q q 0 0 0 rg BT 77.17 484.10 Td (that ) Tj ET Q q 0 0 0 rg BT 94.14 484.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 136.65 484.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 166.38 484.10 Td (other ) Tj ET Q q 0 0 0 rg BT 188.90 484.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 225.85 484.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 263.91 484.10 Td (by ) Tj ET Q q 0 0 0 rg BT 275.88 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.07 484.10 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 340.22 484.10 Td (, ) Tj ET Q q 0 0 0 rg BT 344.68 484.10 Td (ef) Tj ET Q q 0 0 0 rg BT 352.27 484.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 389.22 484.10 Td (cross ) Tj ET Q q 0 0 0 rg BT 411.74 484.10 Td (subsidizing ) Tj ET Q q 0 0 0 rg BT 459.26 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.45 484.10 Td (other ) Tj ET Q q 0 0 0 rg BT 495.96 484.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 532.92 484.10 Td (managed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 472.10 Td (by ) Tj ET Q q 0 0 0 rg BT 55.47 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 70.16 472.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 123.18 472.10 Td (that ) Tj ET Q q 0 0 0 rg BT 140.65 472.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 170.88 472.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 203.89 472.10 Td (from ) Tj ET Q q 0 0 0 rg BT 225.80 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.49 472.10 Td (product. ) Tj ET Q q 0 0 0 rg BT 275.83 472.10 Td (The ) Tj ET Q q 0 0 0 rg BT 293.85 472.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 346.87 472.10 Td (may ) Tj ET Q q 0 0 0 rg BT 366.56 472.10 Td (not ) Tj ET Q q 0 0 0 rg BT 381.81 472.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 428.70 472.10 Td (use ) Tj ET Q q 0 0 0 rg BT 444.50 472.10 Td (all ) Tj ET Q q 0 0 0 rg BT 456.97 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.77 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.46 472.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 524.90 472.10 Td (or ) Tj ET Q q 0 0 0 rg BT 535.70 472.10 Td (research ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 460.10 Td (services ) Tj ET Q q 0 0 0 rg BT 77.71 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 87.99 460.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 134.36 460.10 Td (with ) Tj ET Q q 0 0 0 rg BT 154.64 460.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 196.57 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.29 460.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 234.35 460.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 262.40 460.10 Td (trades ) Tj ET Q q 0 0 0 rg BT 288.78 460.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 330.14 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.86 460.10 Td (soft ) Tj ET Q q 0 0 0 rg BT 362.36 460.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 392.07 460.10 Td (used ) Tj ET Q q 0 0 0 rg BT 412.90 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.18 460.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 461.22 460.10 Td (such ) Tj ET Q q 0 0 0 rg BT 482.05 460.10 Td (products.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 442.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.15 442.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 114.30 442.10 Td (is ) Tj ET Q q 0 0 0 rg BT 123.58 442.10 Td (responsible, ) Tj ET Q q 0 0 0 rg BT 174.23 442.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 205.15 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 215.53 442.10 Td (oversight ) Tj ET Q q 0 0 0 rg BT 255.35 442.10 Td (by ) Tj ET Q q 0 0 0 rg BT 267.96 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.78 442.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 312.32 442.10 Td (for ) Tj ET Q q 0 0 0 rg BT 326.58 442.10 Td (placing ) Tj ET Q q 0 0 0 rg BT 358.62 442.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 386.21 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 398.81 442.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 426.40 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.33 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.15 442.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 475.31 442.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.58 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.40 442.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 542.54 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 553.47 442.10 Td (sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.57 430.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 90.80 430.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 133.30 430.10 Td (If ) Tj ET Q q 0 0 0 rg BT 142.20 430.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 183.87 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 194.43 430.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 216.11 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.68 430.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 263.91 430.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 303.91 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.48 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.94 430.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 351.73 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.41 430.10 Td (one ) Tj ET Q q 0 0 0 rg BT 385.09 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 395.66 430.10 Td (more ) Tj ET Q q 0 0 0 rg BT 418.44 430.10 Td (other ) Tj ET Q q 0 0 0 rg BT 441.22 430.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 487.34 430.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 532.35 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 542.91 430.10 Td (clients ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 418.10 Td (supervised ) Tj ET Q q 0 0 0 rg BT 87.59 418.10 Td (by ) Tj ET Q q 0 0 0 rg BT 99.42 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.46 418.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 165.83 418.10 Td (are ) Tj ET Q q 0 0 0 rg BT 179.86 418.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 225.00 418.10 Td (at ) Tj ET Q q 0 0 0 rg BT 234.04 418.10 Td (or ) Tj ET Q q 0 0 0 rg BT 244.20 418.10 Td (about ) Tj ET Q q 0 0 0 rg BT 268.24 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.28 418.10 Td (same ) Tj ET Q q 0 0 0 rg BT 304.65 418.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 326.75 418.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 376.33 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.93 418.10 Td (such ) Tj ET Q q 0 0 0 rg BT 406.09 418.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 445.68 418.10 Td (are ) Tj ET Q q 0 0 0 rg BT 459.71 418.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 497.62 418.10 Td (among ) Tj ET Q q 0 0 0 rg BT 526.66 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.70 418.10 Td (several ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 406.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 88.68 406.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 133.24 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.48 406.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 177.38 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.96 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.20 406.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 224.98 406.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 257.88 406.10 Td (equitable ) Tj ET Q q 0 0 0 rg BT 296.33 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.57 406.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 354.36 406.10 Td (with ) Tj ET Q q 0 0 0 rg BT 373.94 406.10 Td (its ) Tj ET Q q 0 0 0 rg BT 385.19 406.10 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 423.08 406.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 469.32 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.90 406.10 Td (all ) Tj ET Q q 0 0 0 rg BT 490.69 406.10 Td (by ) Tj ET Q q 0 0 0 rg BT 502.49 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.51 406.10 Td (Sub-Adviser) Tj ET Q q 0 0 0 rg BT 566.51 406.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 394.10 Td (In ) Tj ET Q q 0 0 0 rg BT 53.86 394.10 Td (some ) Tj ET Q q 0 0 0 rg BT 77.51 394.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 103.64 394.10 Td (this ) Tj ET Q q 0 0 0 rg BT 120.62 394.10 Td (procedure ) Tj ET Q q 0 0 0 rg BT 163.13 394.10 Td (could ) Tj ET Q q 0 0 0 rg BT 187.88 394.10 Td (have ) Tj ET Q q 0 0 0 rg BT 209.29 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 216.27 394.10 Td (detrimental ) Tj ET Q q 0 0 0 rg BT 264.34 394.10 Td (ef) Tj ET Q q 0 0 0 rg BT 271.93 394.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 289.45 394.10 Td (on ) Tj ET Q q 0 0 0 rg BT 301.98 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.73 394.10 Td (price ) Tj ET Q q 0 0 0 rg BT 339.25 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 350.11 394.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 382.64 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.51 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.26 394.10 Td (security ) Tj ET Q q 0 0 0 rg BT 442.45 394.10 Td (so ) Tj ET Q q 0 0 0 rg BT 453.87 394.10 Td (far ) Tj ET Q q 0 0 0 rg BT 467.51 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 478.37 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.12 394.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 516.22 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 525.42 394.10 Td (concerned. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 382.10 Td (However) Tj ET Q q 0 0 0 rg BT 79.25 382.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.16 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 92.35 382.10 Td (other ) Tj ET Q q 0 0 0 rg BT 114.31 382.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 139.32 382.10 Td (it ) Tj ET Q q 0 0 0 rg BT 146.29 382.10 Td (is ) Tj ET Q q 0 0 0 rg BT 154.37 382.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 188.56 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 204.96 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.59 382.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 245.55 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.74 382.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 298.35 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.54 382.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 338.95 382.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 388.12 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.97 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.16 382.10 Td (negotiate ) Tj ET Q q 0 0 0 rg BT 451.22 382.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 475.40 382.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 516.79 382.10 Td (commissions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 370.10 Td (will ) Tj ET Q q 0 0 0 rg BT 61.06 370.10 Td (be ) Tj ET Q q 0 0 0 rg BT 73.00 370.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 114.91 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.19 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.91 370.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 165.29 370.10 Td (The ) Tj ET Q q 0 0 0 rg BT 183.34 370.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 217.49 370.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 273.86 370.10 Td (is ) Tj ET Q q 0 0 0 rg BT 283.03 370.10 Td (prompt ) Tj ET Q q 0 0 0 rg BT 314.42 370.10 Td (execution ) Tj ET Q q 0 0 0 rg BT 355.79 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.62 370.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 394.11 370.10 Td (at ) Tj ET Q q 0 0 0 rg BT 403.83 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.55 370.10 Td (most ) Tj ET Q q 0 0 0 rg BT 440.50 370.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 480.75 370.10 Td (net ) Tj ET Q q 0 0 0 rg BT 495.47 370.10 Td (price. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 352.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.57 352.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 83.16 352.10 Td (may ) Tj ET Q q 0 0 0 rg BT 102.40 352.10 Td (deal ) Tj ET Q q 0 0 0 rg BT 121.09 352.10 Td (with ) Tj ET Q q 0 0 0 rg BT 140.89 352.10 Td (af) Tj ET Q q 0 0 0 rg BT 148.48 352.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 177.72 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.52 352.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 225.09 352.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 274.88 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.68 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.93 352.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 325.39 352.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 365.73 352.10 Td (by ) Tj ET Q q 0 0 0 rg BT 377.76 352.10 Td (exemptive ) Tj ET Q q 0 0 0 rg BT 421.44 352.10 Td (order ) Tj ET Q q 0 0 0 rg BT 444.56 352.10 Td (or ) Tj ET Q q 0 0 0 rg BT 454.92 352.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 498.03 352.10 Td (rule ) Tj ET Q q 0 0 0 rg BT 515.61 352.10 Td (or ) Tj ET Q q 0 0 0 rg BT 525.96 352.10 Td (regulation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 334.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.05 334.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 84.11 334.10 Td (is ) Tj ET Q q 0 0 0 rg BT 93.28 334.10 Td (new ) Tj ET Q q 0 0 0 rg BT 112.44 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.38 334.10 Td (had ) Tj ET Q q 0 0 0 rg BT 146.32 334.10 Td (not ) Tj ET Q q 0 0 0 rg BT 161.59 334.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 181.31 334.10 Td (any ) Tj ET Q q 0 0 0 rg BT 198.25 334.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 240.72 334.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 295.45 334.10 Td (as ) Tj ET Q q 0 0 0 rg BT 306.28 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.11 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.83 334.10 Td (date ) Tj ET Q q 0 0 0 rg BT 350.98 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.81 334.10 Td (this ) Tj ET Q q 0 0 0 rg BT 378.76 334.10 Td (SAI.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 316.10 Td (Br) Tj ET Q q 0 0 0 rg BT 53.93 316.10 Td (okerage ) Tj ET Q q 0 0 0 rg BT 90.88 316.10 Td (with ) Tj ET Q q 0 0 0 rg BT 112.84 316.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 138.03 316.10 Td (Affiliates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.90 316.10 Td (. ) Tj ET Q q 0 0 0 rg BT 182.25 316.10 Td (The ) Tj ET Q q 0 0 0 rg BT 200.87 316.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 224.50 316.10 Td (may ) Tj ET Q q 0 0 0 rg BT 244.79 316.10 Td (execute ) Tj ET Q q 0 0 0 rg BT 278.39 316.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 321.44 316.10 Td (or ) Tj ET Q q 0 0 0 rg BT 332.84 316.10 Td (other ) Tj ET Q q 0 0 0 rg BT 356.46 316.10 Td (agency ) Tj ET Q q 0 0 0 rg BT 387.85 316.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 438.68 316.10 Td (through ) Tj ET Q q 0 0 0 rg BT 472.86 316.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 515.36 316.10 Td (broker) Tj ET Q q 0 0 0 rg BT 541.26 316.10 Td (-dealer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 304.10 Td (af) Tj ET Q q 0 0 0 rg BT 50.59 304.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 80.41 304.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.35 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.18 304.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 131.85 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.68 304.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 199.84 304.10 Td (or ) Tj ET Q q 0 0 0 rg BT 210.79 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.61 304.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 272.11 304.10 Td (for ) Tj ET Q q 0 0 0 rg BT 286.38 304.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.43 304.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 344.38 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.77 304.10 Td (conformity ) Tj ET Q q 0 0 0 rg BT 401.81 304.10 Td (with ) Tj ET Q q 0 0 0 rg BT 422.20 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.03 304.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 459.07 304.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 478.62 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.44 304.10 Td (1934 ) Tj ET Q q 0 0 0 rg BT 515.48 304.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 532.53 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.58 304.10 Td (rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 292.10 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 95.80 292.10 Td (by ) Tj ET Q q 0 0 0 rg BT 108.05 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.53 292.10 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 145.46 292.10 Td (These ) Tj ET Q q 0 0 0 rg BT 171.59 292.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 193.29 292.10 Td (require ) Tj ET Q q 0 0 0 rg BT 223.86 292.10 Td (that ) Tj ET Q q 0 0 0 rg BT 241.11 292.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 295.59 292.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 315.06 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.10 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.57 292.10 Td (af) Tj ET Q q 0 0 0 rg BT 347.16 292.10 Td (filiate ) Tj ET Q q 0 0 0 rg BT 372.73 292.10 Td (by ) Tj ET Q q 0 0 0 rg BT 384.99 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.46 292.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 422.28 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 436.20 292.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 476.21 292.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 526.23 292.10 Td (not ) Tj ET Q q 0 0 0 rg BT 541.26 292.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 280.10 Td (usual ) Tj ET Q q 0 0 0 rg BT 71.01 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.91 280.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 136.46 280.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 178.90 280.10 Td (commissions. ) Tj ET Q q 0 0 0 rg BT 235.91 280.10 Td (The ) Tj ET Q q 0 0 0 rg BT 253.92 280.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 275.82 280.10 Td (define ) Tj ET Q q 0 0 0 rg BT 303.26 280.10 Td (usual ) Tj ET Q q 0 0 0 rg BT 331.27 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.17 280.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 396.72 280.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 451.41 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.65 280.10 Td (include ) Tj ET Q q 0 0 0 rg BT 493.54 280.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 529.89 280.10 Td (which ) Tj ET Q q 0 0 0 rg BT 556.79 280.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 268.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 92.21 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.67 268.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 124.56 268.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 166.01 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.81 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.04 268.10 Td (commission, ) Tj ET Q q 0 0 0 rg BT 242.90 268.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 257.12 268.10 Td (or ) Tj ET Q q 0 0 0 rg BT 267.47 268.10 Td (other ) Tj ET Q q 0 0 0 rg BT 290.04 268.10 Td (remuneration ) Tj ET Q q 0 0 0 rg BT 345.37 268.10 Td (received ) Tj ET Q q 0 0 0 rg BT 381.25 268.10 Td (or ) Tj ET Q q 0 0 0 rg BT 391.60 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.39 268.10 Td (be ) Tj ET Q q 0 0 0 rg BT 412.85 268.10 Td (received ) Tj ET Q q 0 0 0 rg BT 448.73 268.10 Td (by ) Tj ET Q q 0 0 0 rg BT 460.75 268.10 Td (other ) Tj ET Q q 0 0 0 rg BT 483.32 268.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 515.33 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 525.12 268.10 Td (connection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 256.10 Td (with ) Tj ET Q q 0 0 0 rg BT 62.51 256.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 110.89 256.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 160.39 256.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 200.46 256.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 229.97 256.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 269.47 256.10 Td (being ) Tj ET Q q 0 0 0 rg BT 293.42 256.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 335.70 256.10 Td (or ) Tj ET Q q 0 0 0 rg BT 345.76 256.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 364.17 256.10 Td (on ) Tj ET Q q 0 0 0 rg BT 375.90 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 382.08 256.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 421.58 256.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 461.07 256.10 Td (during ) Tj ET Q q 0 0 0 rg BT 488.91 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.08 256.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 543.46 256.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 54.43 244.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 82.02 244.10 Td (The ) Tj ET Q q 0 0 0 rg BT 100.44 244.10 Td (T) Tj ET Q q 0 0 0 rg BT 106.20 244.10 Td (rustees, ) Tj ET Q q 0 0 0 rg BT 139.57 244.10 Td (including ) Tj ET Q q 0 0 0 rg BT 180.44 244.10 Td (those ) Tj ET Q q 0 0 0 rg BT 204.65 244.10 Td (who ) Tj ET Q q 0 0 0 rg BT 224.97 244.10 Td (are ) Tj ET Q q 0 0 0 rg BT 240.28 244.10 Td (not ) Tj ET Q q 0 0 0 rg BT 256.16 244.10 Td (interested ) Tj ET Q q 0 0 0 rg BT 302.57 244.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 340.66 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.09 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.41 244.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 393.57 244.10 Td (have ) Tj ET Q q 0 0 0 rg BT 415.55 244.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 450.31 244.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 497.27 244.10 Td (for ) Tj ET Q q 0 0 0 rg BT 512.03 244.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 556.79 244.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 232.10 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 105.48 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.31 232.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 171.03 232.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 190.75 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.03 232.10 Td (af) Tj ET Q q 0 0 0 rg BT 208.62 232.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 238.33 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.27 232.10 Td (review ) Tj ET Q q 0 0 0 rg BT 284.97 232.10 Td (these ) Tj ET Q q 0 0 0 rg BT 308.02 232.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 354.39 232.10 Td (periodically) Tj ET Q q 0 0 0 rg BT 401.50 232.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 214.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 86.71 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.09 214.10 Td (Regular) Tj ET Q q 0 0 0 rg BT 136.35 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.40 214.10 Td (Br) Tj ET Q q 0 0 0 rg BT 149.33 214.10 Td (oker) Tj ET Q q 0 0 0 rg BT 168.40 214.10 Td (-Dealers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.43 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.34 214.10 Td (The ) Tj ET Q q 0 0 0 rg BT 230.94 214.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 253.55 214.10 Td (is ) Tj ET Q q 0 0 0 rg BT 262.27 214.10 Td (required ) Tj ET Q q 0 0 0 rg BT 297.64 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.47 214.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 340.63 214.10 Td (any ) Tj ET Q q 0 0 0 rg BT 357.12 214.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 396.93 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.31 214.10 Td (its ) Tj ET Q q 0 0 0 rg BT 418.81 214.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 453.62 214.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 485.66 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.15 214.10 Td (dealers ) Tj ET Q q 0 0 0 rg BT 536.96 214.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 550.67 214.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.10 Td (term ) Tj ET Q q 0 0 0 rg BT 63.92 202.10 Td (is ) Tj ET Q q 0 0 0 rg BT 73.19 202.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 105.78 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 116.16 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.97 202.10 Td (1940 ) Tj ET Q q 0 0 0 rg BT 153.00 202.10 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 173.36 202.10 Td (that ) Tj ET Q q 0 0 0 rg BT 190.96 202.10 Td (it ) Tj ET Q q 0 0 0 rg BT 199.11 202.10 Td (may ) Tj ET Q q 0 0 0 rg BT 218.93 202.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 239.31 202.10 Td (at ) Tj ET Q q 0 0 0 rg BT 249.12 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.94 202.10 Td (close ) Tj ET Q q 0 0 0 rg BT 287.09 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.01 202.10 Td (its ) Tj ET Q q 0 0 0 rg BT 310.06 202.10 Td (most ) Tj ET Q q 0 0 0 rg BT 332.11 202.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 359.13 202.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 383.39 202.10 Td (year) Tj ET Q q 0 0 0 rg BT 400.04 202.10 Td (. ) Tj ET Q q 0 0 0 rg BT 405.14 202.10 Td (Regular ) Tj ET Q q 0 0 0 rg BT 443.83 202.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 476.42 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 487.35 202.10 Td (dealers ) Tj ET Q q 0 0 0 rg BT 522.71 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.63 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.45 202.10 Td (Fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 190.10 Td (are ) Tj ET Q q 0 0 0 rg BT 56.97 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 70.95 190.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 84.93 190.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 116.69 190.10 Td (or ) Tj ET Q q 0 0 0 rg BT 126.78 190.10 Td (dealers ) Tj ET Q q 0 0 0 rg BT 156.86 190.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 176.12 190.10 Td (during ) Tj ET Q q 0 0 0 rg BT 203.99 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.97 190.10 Td (most ) Tj ET Q q 0 0 0 rg BT 239.19 190.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 265.37 190.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 288.79 190.10 Td (year: ) Tj ET Q q 0 0 0 rg BT 310.54 190.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 321.75 190.10 Td (received ) Tj ET Q q 0 0 0 rg BT 357.37 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.35 190.10 Td (greatest ) Tj ET Q q 0 0 0 rg BT 404.21 190.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 429.30 190.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 464.95 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.05 190.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 516.79 190.10 Td (commissions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 178.10 Td (from ) Tj ET Q q 0 0 0 rg BT 64.70 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 79.17 178.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 102.51 178.10 Td (s ) Tj ET Q q 0 0 0 rg BT 108.67 178.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 145.92 178.10 Td (transactions; ) Tj ET Q q 0 0 0 rg BT 198.72 178.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 213.20 178.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 248.77 178.10 Td (as ) Tj ET Q q 0 0 0 rg BT 259.36 178.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 297.17 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.20 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.68 178.10 Td (lar) Tj ET Q q 0 0 0 rg BT 332.05 178.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 350.42 178.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 376.00 178.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 412.15 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.74 178.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 459.99 178.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 510.01 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.60 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.08 178.10 Td (Fund; ) Tj ET Q q 0 0 0 rg BT 560.68 178.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 166.10 Td (\(iii\)sold ) Tj ET Q q 0 0 0 rg BT 79.02 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.09 166.10 Td (lar) Tj ET Q q 0 0 0 rg BT 103.46 166.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 121.42 166.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 146.60 166.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 182.35 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.53 166.10 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 223.55 166.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 258.72 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.79 166.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 295.21 166.10 Td (is ) Tj ET Q q 0 0 0 rg BT 303.73 166.10 Td (new) Tj ET Q q 0 0 0 rg BT 319.74 166.10 Td (, ) Tj ET Q q 0 0 0 rg BT 324.10 166.10 Td (as ) Tj ET Q q 0 0 0 rg BT 334.28 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.47 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.54 166.10 Td (date ) Tj ET Q q 0 0 0 rg BT 377.05 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.24 166.10 Td (this ) Tj ET Q q 0 0 0 rg BT 403.54 166.10 Td (SAI, ) Tj ET Q q 0 0 0 rg BT 424.01 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.08 166.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 460.50 166.10 Td (does ) Tj ET Q q 0 0 0 rg BT 480.69 166.10 Td (not ) Tj ET Q q 0 0 0 rg BT 495.32 166.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 514.95 166.10 Td (any ) Tj ET Q q 0 0 0 rg BT 531.25 166.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.83 154.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 89.08 154.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 117.68 154.10 Td (dealers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 136.10 Td (P) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.11 136.10 Td (OR) Tj ET Q q 0 0 0 rg BT 62.29 136.10 Td (TFOLIO ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.55 136.10 Td (T) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 106.22 136.10 Td (URNOVER) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.72 136.10 Td ( R) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 161.44 136.10 Td (A) Tj ET Q q 0 0 0 rg BT 167.27 136.10 Td (TE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 118.10 Td (Portfolio ) Tj ET Q q 0 0 0 rg BT 80.49 118.10 Td (turnover ) Tj ET Q q 0 0 0 rg BT 116.29 118.10 Td (may ) Tj ET Q q 0 0 0 rg BT 135.44 118.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 155.13 118.10 Td (from ) Tj ET Q q 0 0 0 rg BT 176.50 118.10 Td (year ) Tj ET Q q 0 0 0 rg BT 195.64 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.34 118.10 Td (year) Tj ET Q q 0 0 0 rg BT 222.15 118.10 Td (, ) Tj ET Q q 0 0 0 rg BT 226.58 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 236.84 118.10 Td (well ) Tj ET Q q 0 0 0 rg BT 255.98 118.10 Td (as ) Tj ET Q q 0 0 0 rg BT 266.24 118.10 Td (within ) Tj ET Q q 0 0 0 rg BT 293.73 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.09 118.10 Td (year) Tj ET Q q 0 0 0 rg BT 316.75 118.10 Td (. ) Tj ET Q q 0 0 0 rg BT 321.18 118.10 Td (High ) Tj ET Q q 0 0 0 rg BT 343.11 118.10 Td (turnover ) Tj ET Q q 0 0 0 rg BT 378.91 118.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 399.72 118.10 Td (are ) Tj ET Q q 0 0 0 rg BT 413.85 118.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 438.56 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.26 118.10 Td (result ) Tj ET Q q 0 0 0 rg BT 472.41 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.12 118.10 Td (comparatively ) Tj ET Q q 0 0 0 rg BT 541.24 118.10 Td (greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 106.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 84.84 106.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 125.18 106.10 Td (The ) Tj ET Q q 0 0 0 rg BT 142.59 106.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 172.23 106.10 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 234.07 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.27 106.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 286.11 106.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 340.21 106.10 Td (is ) Tj ET Q q 0 0 0 rg BT 348.75 106.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 388.93 106.10 Td (by ) Tj ET Q q 0 0 0 rg BT 400.80 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.88 106.10 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 467.31 106.10 Td (based ) Tj ET Q q 0 0 0 rg BT 491.94 106.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 513.81 106.10 Td (its ) Tj ET Q q 0 0 0 rg BT 525.13 106.10 Td (knowledge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.83 94.10 Td (available ) Tj ET Q q 0 0 0 rg BT 92.42 94.10 Td (information ) Tj ET Q q 0 0 0 rg BT 142.13 94.10 Td (as ) Tj ET Q q 0 0 0 rg BT 152.96 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.24 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.96 94.10 Td (general ) Tj ET Q q 0 0 0 rg BT 209.88 94.10 Td (level ) Tj ET Q q 0 0 0 rg BT 231.81 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.64 94.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 297.37 94.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 317.09 94.10 Td (by ) Tj ET Q q 0 0 0 rg BT 329.59 94.10 Td (other ) Tj ET Q q 0 0 0 rg BT 352.63 94.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 402.91 94.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 441.52 94.10 Td (for ) Tj ET Q q 0 0 0 rg BT 455.68 94.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 504.82 94.10 Td (services. ) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 742.25 Td (B) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.67 742.25 Td (OOK ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.92 742.25 Td (E) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 79.59 742.25 Td (NTR) Tj ET Q q 0 0 0 rg BT 98.28 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 104.44 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 106.69 742.25 Td (O) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 114.47 742.25 Td (NL) Tj ET Q q 0 0 0 rg BT 126.15 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 132.31 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.56 742.25 Td (S) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 140.12 742.25 Td (YSTEM) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 724.25 Td (The ) Tj ET Q q 0 0 0 rg BT 61.31 724.25 Td (Depository ) Tj ET Q q 0 0 0 rg BT 108.32 724.25 Td (T) Tj ET Q q 0 0 0 rg BT 114.07 724.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 131.84 724.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 173.49 724.25 Td (\(DTC\) ) Tj ET Q q 0 0 0 rg BT 211.79 724.25 Td (acts ) Tj ET Q q 0 0 0 rg BT 230.10 724.25 Td (as ) Tj ET Q q 0 0 0 rg BT 241.20 724.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 281.73 724.25 Td (depositary ) Tj ET Q q 0 0 0 rg BT 326.15 724.25 Td (for ) Tj ET Q q 0 0 0 rg BT 340.57 724.25 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 372.50 724.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 401.92 724.25 Td (are ) Tj ET Q q 0 0 0 rg BT 416.90 724.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 465.75 724.25 Td (by ) Tj ET Q q 0 0 0 rg BT 478.51 724.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 519.04 724.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 561.23 724.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 712.25 Td (the ) Tj ET Q q 0 0 0 rg BT 57.97 712.25 Td (name ) Tj ET Q q 0 0 0 rg BT 82.38 712.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.46 712.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 116.22 712.25 Td (or ) Tj ET Q q 0 0 0 rg BT 127.30 712.25 Td (its ) Tj ET Q q 0 0 0 rg BT 139.50 712.25 Td (nominee, ) Tj ET Q q 0 0 0 rg BT 179.19 712.25 Td (Cede ) Tj ET Q q 0 0 0 rg BT 202.49 712.25 Td (& ) Tj ET Q q 0 0 0 rg BT 213.02 712.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 232.45 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.64 712.25 Td (deposited ) Tj ET Q q 0 0 0 rg BT 290.72 712.25 Td (with, ) Tj ET Q q 0 0 0 rg BT 313.75 712.25 Td (or ) Tj ET Q q 0 0 0 rg BT 324.84 712.25 Td (on ) Tj ET Q q 0 0 0 rg BT 337.59 712.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 365.33 712.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 378.91 712.25 Td (DTC. ) Tj ET Q q 0 0 0 rg BT 404.17 712.25 Td (Except ) Tj ET Q q 0 0 0 rg BT 434.68 712.25 Td (in ) Tj ET Q q 0 0 0 rg BT 445.22 712.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 476.30 712.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 535.70 712.25 Td (set ) Tj ET Q q 0 0 0 rg BT 549.56 712.25 Td (forth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 700.25 Td (below) Tj ET Q q 0 0 0 rg BT 66.79 700.25 Td (, ) Tj ET Q q 0 0 0 rg BT 71.79 700.25 Td (certificates ) Tj ET Q q 0 0 0 rg BT 118.15 700.25 Td (will ) Tj ET Q q 0 0 0 rg BT 136.20 700.25 Td (not ) Tj ET Q q 0 0 0 rg BT 151.48 700.25 Td (be ) Tj ET Q q 0 0 0 rg BT 163.42 700.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 190.92 700.25 Td (for ) Tj ET Q q 0 0 0 rg BT 205.08 700.25 Td (Shares. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 64.89 682.25 Td (is ) Tj ET Q q 0 0 0 rg BT 73.45 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 79.78 682.25 Td (limited-purpose ) Tj ET Q q 0 0 0 rg BT 144.99 682.25 Td (trust ) Tj ET Q q 0 0 0 rg BT 164.66 682.25 Td (company ) Tj ET Q q 0 0 0 rg BT 203.21 682.25 Td (that ) Tj ET Q q 0 0 0 rg BT 220.10 682.25 Td (was ) Tj ET Q q 0 0 0 rg BT 237.54 682.25 Td (created ) Tj ET Q q 0 0 0 rg BT 268.29 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 277.96 682.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 297.63 682.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 337.29 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.51 682.25 Td (its ) Tj ET Q q 0 0 0 rg BT 358.85 682.25 Td (participants ) Tj ET Q q 0 0 0 rg BT 407.39 682.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 424.83 682.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 451.15 682.25 Td (Participants\) ) Tj ET Q q 0 0 0 rg BT 508.03 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.36 682.25 Td (to ) Tj ET Q q 0 0 0 rg BT 534.03 682.25 Td (facilitate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 57.83 670.25 Td (clearance ) Tj ET Q q 0 0 0 rg BT 98.17 670.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.22 670.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 158.93 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 169.87 670.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 210.24 670.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 260.61 670.25 Td (among ) Tj ET Q q 0 0 0 rg BT 290.44 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.26 670.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 327.87 670.25 Td (Participants ) Tj ET Q q 0 0 0 rg BT 377.69 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 388.08 670.25 Td (such ) Tj ET Q q 0 0 0 rg BT 409.02 670.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 449.39 670.25 Td (through ) Tj ET Q q 0 0 0 rg BT 483.11 670.25 Td (electronic ) Tj ET Q q 0 0 0 rg BT 525.14 670.25 Td (book-entry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 658.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 78.41 658.25 Td (in ) Tj ET Q q 0 0 0 rg BT 89.40 658.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 127.59 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.12 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.55 658.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 177.75 658.25 Td (Participants, ) Tj ET Q q 0 0 0 rg BT 230.67 658.25 Td (thereby ) Tj ET Q q 0 0 0 rg BT 263.86 658.25 Td (eliminating ) Tj ET Q q 0 0 0 rg BT 312.61 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.03 658.25 Td (need ) Tj ET Q q 0 0 0 rg BT 350.12 658.25 Td (for ) Tj ET Q q 0 0 0 rg BT 364.98 658.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 401.51 658.25 Td (movement ) Tj ET Q q 0 0 0 rg BT 446.93 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.47 658.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 499.44 658.25 Td (certificates. ) Tj ET Q q 0 0 0 rg BT 549.00 658.25 Td (DTC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 646.25 Td (Participants ) Tj ET Q q 0 0 0 rg BT 91.93 646.25 Td (include ) Tj ET Q q 0 0 0 rg BT 123.09 646.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 162.57 646.25 Td (brokers ) Tj ET Q q 0 0 0 rg BT 194.28 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.44 646.25 Td (dealers, ) Tj ET Q q 0 0 0 rg BT 242.97 646.25 Td (banks, ) Tj ET Q q 0 0 0 rg BT 270.52 646.25 Td (trust ) Tj ET Q q 0 0 0 rg BT 290.02 646.25 Td (companies, ) Tj ET Q q 0 0 0 rg BT 337.01 646.25 Td (clearing ) Tj ET Q q 0 0 0 rg BT 370.93 646.25 Td (corporations ) Tj ET Q q 0 0 0 rg BT 422.64 646.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.79 646.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 467.72 646.25 Td (other ) Tj ET Q q 0 0 0 rg BT 489.98 646.25 Td (or) Tj ET Q q 0 0 0 rg BT 498.13 646.25 Td (ganizations, ) Tj ET Q q 0 0 0 rg BT 547.90 646.25 Td (some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 53.85 634.25 Td (whom ) Tj ET Q q 0 0 0 rg BT 81.37 634.25 Td (\(and/or ) Tj ET Q q 0 0 0 rg BT 112.76 634.25 Td (their ) Tj ET Q q 0 0 0 rg BT 133.61 634.25 Td (representatives\) ) Tj ET Q q 0 0 0 rg BT 199.43 634.25 Td (own ) Tj ET Q q 0 0 0 rg BT 219.17 634.25 Td (DTC. ) Tj ET Q q 0 0 0 rg BT 244.18 634.25 Td (More ) Tj ET Q q 0 0 0 rg BT 268.36 634.25 Td (specifically) Tj ET Q q 0 0 0 rg BT 313.80 634.25 Td (, ) Tj ET Q q 0 0 0 rg BT 318.82 634.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 341.34 634.25 Td (is ) Tj ET Q q 0 0 0 rg BT 350.53 634.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 379.71 634.25 Td (by ) Tj ET Q q 0 0 0 rg BT 392.23 634.25 Td (a ) Tj ET Q q 0 0 0 rg BT 399.18 634.25 Td (number ) Tj ET Q q 0 0 0 rg BT 432.25 634.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.10 634.25 Td (its ) Tj ET Q q 0 0 0 rg BT 455.06 634.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 477.58 634.25 Td (Participants ) Tj ET Q q 0 0 0 rg BT 527.31 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.27 634.25 Td (by ) Tj ET Q q 0 0 0 rg BT 556.79 634.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 622.25 Td (New ) Tj ET Q q 0 0 0 rg BT 64.69 622.25 Td (Y) Tj ET Q q 0 0 0 rg BT 70.91 622.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 87.53 622.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 113.60 622.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 156.32 622.25 Td (\(NYSE\) ) Tj ET Q q 0 0 0 rg BT 201.26 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.99 622.25 Td (FINRA. ) Tj ET Q q 0 0 0 rg BT 254.06 622.25 Td (Access ) Tj ET Q q 0 0 0 rg BT 285.67 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 296.74 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.25 622.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 335.55 622.25 Td (system ) Tj ET Q q 0 0 0 rg BT 366.62 622.25 Td (is ) Tj ET Q q 0 0 0 rg BT 376.58 622.25 Td (also ) Tj ET Q q 0 0 0 rg BT 395.98 622.25 Td (available ) Tj ET Q q 0 0 0 rg BT 435.36 622.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.43 622.25 Td (others ) Tj ET Q q 0 0 0 rg BT 474.16 622.25 Td (such ) Tj ET Q q 0 0 0 rg BT 495.79 622.25 Td (as ) Tj ET Q q 0 0 0 rg BT 507.41 622.25 Td (banks, ) Tj ET Q q 0 0 0 rg BT 536.53 622.25 Td (brokers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 610.25 Td (dealers, ) Tj ET Q q 0 0 0 rg BT 75.69 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 92.00 610.25 Td (trust ) Tj ET Q q 0 0 0 rg BT 111.66 610.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 156.30 610.25 Td (that ) Tj ET Q q 0 0 0 rg BT 173.17 610.25 Td (clear ) Tj ET Q q 0 0 0 rg BT 194.46 610.25 Td (through ) Tj ET Q q 0 0 0 rg BT 227.45 610.25 Td (or ) Tj ET Q q 0 0 0 rg BT 237.65 610.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 274.52 610.25 Td (a ) Tj ET Q q 0 0 0 rg BT 280.83 610.25 Td (custodial ) Tj ET Q q 0 0 0 rg BT 318.81 610.25 Td (relationship ) Tj ET Q q 0 0 0 rg BT 367.90 610.25 Td (with ) Tj ET Q q 0 0 0 rg BT 387.55 610.25 Td (a ) Tj ET Q q 0 0 0 rg BT 393.86 610.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 415.74 610.25 Td (Participant, ) Tj ET Q q 0 0 0 rg BT 463.43 610.25 Td (either ) Tj ET Q q 0 0 0 rg BT 488.07 610.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 520.49 610.25 Td (or ) Tj ET Q q 0 0 0 rg BT 530.70 610.25 Td (indirectly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 598.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 61.05 598.25 Td (Indirect ) Tj ET Q q 0 0 0 rg BT 99.08 598.25 Td (Participants\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 580.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 87.53 580.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 132.62 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.39 580.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 174.49 580.25 Td (is ) Tj ET Q q 0 0 0 rg BT 184.59 580.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 216.36 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 227.57 580.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 251.01 580.25 Td (Participants, ) Tj ET Q q 0 0 0 rg BT 304.16 580.25 Td (Indirect ) Tj ET Q q 0 0 0 rg BT 338.69 580.25 Td (Participants, ) Tj ET Q q 0 0 0 rg BT 391.84 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.71 580.25 Td (persons ) Tj ET Q q 0 0 0 rg BT 443.70 580.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 477.69 580.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 514.46 580.25 Td (through ) Tj ET Q q 0 0 0 rg BT 549.00 580.25 Td (DTC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 568.25 Td (Participants ) Tj ET Q q 0 0 0 rg BT 92.62 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.46 568.25 Td (Indirect ) Tj ET Q q 0 0 0 rg BT 142.97 568.25 Td (Participants. ) Tj ET Q q 0 0 0 rg BT 195.08 568.25 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 241.37 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.11 568.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 293.94 568.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 329.67 568.25 Td (in ) Tj ET Q q 0 0 0 rg BT 339.86 568.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 368.92 568.25 Td (\(owners ) Tj ET Q q 0 0 0 rg BT 403.54 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.28 568.25 Td (such ) Tj ET Q q 0 0 0 rg BT 435.02 568.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 476.84 568.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 512.58 568.25 Td (are ) Tj ET Q q 0 0 0 rg BT 527.19 568.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 561.23 568.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 556.25 Td (in ) Tj ET Q q 0 0 0 rg BT 53.09 556.25 Td (this ) Tj ET Q q 0 0 0 rg BT 69.85 556.25 Td (SAI ) Tj ET Q q 0 0 0 rg BT 88.28 556.25 Td (as ) Tj ET Q q 0 0 0 rg BT 98.92 556.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 146.76 556.25 Td (Owners\) ) Tj ET Q q 0 0 0 rg BT 187.94 556.25 Td (is ) Tj ET Q q 0 0 0 rg BT 196.92 556.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 225.35 556.25 Td (on, ) Tj ET Q q 0 0 0 rg BT 240.16 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 256.91 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.44 556.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 304.29 556.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.93 556.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 358.90 556.25 Td (is ) Tj ET Q q 0 0 0 rg BT 367.89 556.25 Td (ef) Tj ET Q q 0 0 0 rg BT 375.47 556.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 402.21 556.25 Td (only ) Tj ET Q q 0 0 0 rg BT 422.30 556.25 Td (through, ) Tj ET Q q 0 0 0 rg BT 458.22 556.25 Td (records ) Tj ET Q q 0 0 0 rg BT 489.96 556.25 Td (maintained ) Tj ET Q q 0 0 0 rg BT 536.70 556.25 Td (by ) Tj ET Q q 0 0 0 rg BT 549.01 556.25 Td (DTC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 544.25 Td (\(with ) Tj ET Q q 0 0 0 rg BT 65.92 544.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 96.05 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.65 544.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 127.46 544.25 Td (Participants\) ) Tj ET Q q 0 0 0 rg BT 179.82 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 196.08 544.25 Td (on ) Tj ET Q q 0 0 0 rg BT 207.89 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.92 544.25 Td (records ) Tj ET Q q 0 0 0 rg BT 253.17 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.31 544.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 285.13 544.25 Td (Participants ) Tj ET Q q 0 0 0 rg BT 334.16 544.25 Td (\(with ) Tj ET Q q 0 0 0 rg BT 357.08 544.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 387.21 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.80 544.25 Td (Indirect ) Tj ET Q q 0 0 0 rg BT 429.71 544.25 Td (Participants ) Tj ET Q q 0 0 0 rg BT 478.74 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.99 544.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 537.90 544.25 Td (Owners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 532.25 Td (that ) Tj ET Q q 0 0 0 rg BT 60.61 532.25 Td (are ) Tj ET Q q 0 0 0 rg BT 75.42 532.25 Td (not ) Tj ET Q q 0 0 0 rg BT 90.81 532.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 113.43 532.25 Td (Participants\). ) Tj ET Q q 0 0 0 rg BT 169.08 532.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 212.78 532.25 Td (Owners ) Tj ET Q q 0 0 0 rg BT 246.49 532.25 Td (will ) Tj ET Q q 0 0 0 rg BT 264.66 532.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 296.14 532.25 Td (from ) Tj ET Q q 0 0 0 rg BT 318.19 532.25 Td (or ) Tj ET Q q 0 0 0 rg BT 329.13 532.25 Td (through ) Tj ET Q q 0 0 0 rg BT 362.85 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.67 532.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 400.29 532.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 446.22 532.25 Td (a ) Tj ET Q q 0 0 0 rg BT 453.27 532.25 Td (written ) Tj ET Q q 0 0 0 rg BT 484.20 532.25 Td (confirmation ) Tj ET Q q 0 0 0 rg BT 538.47 532.25 Td (relating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 53.47 520.25 Td (their ) Tj ET Q q 0 0 0 rg BT 74.48 520.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 112.70 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.72 520.25 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 155.38 520.25 Td (The ) Tj ET Q q 0 0 0 rg BT 173.42 520.25 Td (T) Tj ET Q q 0 0 0 rg BT 179.17 520.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 196.86 520.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 242.30 520.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 264.99 520.25 Td (or ) Tj ET Q q 0 0 0 rg BT 276.01 520.25 Td (its ) Tj ET Q q 0 0 0 rg BT 288.15 520.25 Td (nominee ) Tj ET Q q 0 0 0 rg BT 325.27 520.25 Td (as ) Tj ET Q q 0 0 0 rg BT 336.29 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.19 520.25 Td (record ) Tj ET Q q 0 0 0 rg BT 379.42 520.25 Td (owner ) Tj ET Q q 0 0 0 rg BT 407.09 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.11 520.25 Td (all ) Tj ET Q q 0 0 0 rg BT 430.79 520.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 460.14 520.25 Td (for ) Tj ET Q q 0 0 0 rg BT 474.49 520.25 Td (all ) Tj ET Q q 0 0 0 rg BT 487.17 520.25 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 527.91 520.25 Td (Beneficial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.25 Td (Owners ) Tj ET Q q 0 0 0 rg BT 76.56 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.34 508.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 116.46 508.25 Td (are ) Tj ET Q q 0 0 0 rg BT 131.12 508.25 Td (not ) Tj ET Q q 0 0 0 rg BT 146.35 508.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 178.80 508.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.03 508.25 Td (have ) Tj ET Q q 0 0 0 rg BT 210.37 508.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 239.48 508.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 281.36 508.25 Td (in ) Tj ET Q q 0 0 0 rg BT 291.59 508.25 Td (their ) Tj ET Q q 0 0 0 rg BT 312.37 508.25 Td (names, ) Tj ET Q q 0 0 0 rg BT 342.88 508.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.77 508.25 Td (will ) Tj ET Q q 0 0 0 rg BT 377.78 508.25 Td (not ) Tj ET Q q 0 0 0 rg BT 393.01 508.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 424.33 508.25 Td (or ) Tj ET Q q 0 0 0 rg BT 435.12 508.25 Td (be ) Tj ET Q q 0 0 0 rg BT 447.01 508.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 479.46 508.25 Td (to ) Tj ET Q q 0 0 0 rg BT 489.69 508.25 Td (physical ) Tj ET Q q 0 0 0 rg BT 525.47 508.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 560.69 508.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 496.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 68.38 496.25 Td (certificates. ) Tj ET Q q 0 0 0 rg BT 117.35 496.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 139.95 496.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 183.65 496.25 Td (Owner ) Tj ET Q q 0 0 0 rg BT 213.47 496.25 Td (must ) Tj ET Q q 0 0 0 rg BT 235.53 496.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 253.69 496.25 Td (on ) Tj ET Q q 0 0 0 rg BT 266.31 496.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.13 496.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 327.61 496.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.56 496.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 361.17 496.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.22 496.25 Td (any ) Tj ET Q q 0 0 0 rg BT 395.27 496.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 417.88 496.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 463.82 496.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 491.97 496.25 Td (Indirect ) Tj ET Q q 0 0 0 rg BT 525.68 496.25 Td (Participant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 484.25 Td (through ) Tj ET Q q 0 0 0 rg BT 76.61 484.25 Td (which ) Tj ET Q q 0 0 0 rg BT 103.55 484.25 Td (such ) Tj ET Q q 0 0 0 rg BT 124.38 484.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 167.97 484.25 Td (Owner ) Tj ET Q q 0 0 0 rg BT 197.68 484.25 Td (holds ) Tj ET Q q 0 0 0 rg BT 221.85 484.25 Td (its ) Tj ET Q q 0 0 0 rg BT 233.80 484.25 Td (interests, ) Tj ET Q q 0 0 0 rg BT 272.12 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 282.40 484.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 317.65 484.25 Td (any ) Tj ET Q q 0 0 0 rg BT 334.59 484.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 359.87 484.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.70 484.25 Td (a ) Tj ET Q q 0 0 0 rg BT 377.64 484.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 405.69 484.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.52 484.25 Td (Shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 466.25 Td (Conveyance ) Tj ET Q q 0 0 0 rg BT 94.03 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.96 466.25 Td (all ) Tj ET Q q 0 0 0 rg BT 115.56 466.25 Td (notices, ) Tj ET Q q 0 0 0 rg BT 147.99 466.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 194.30 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.34 466.25 Td (other ) Tj ET Q q 0 0 0 rg BT 232.49 466.25 Td (communications ) Tj ET Q q 0 0 0 rg BT 300.19 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.58 466.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 352.27 466.25 Td (Owners ) Tj ET Q q 0 0 0 rg BT 384.97 466.25 Td (is ) Tj ET Q q 0 0 0 rg BT 393.25 466.25 Td (ef) Tj ET Q q 0 0 0 rg BT 400.83 466.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 426.86 466.25 Td (as ) Tj ET Q q 0 0 0 rg BT 436.79 466.25 Td (follows. ) Tj ET Q q 0 0 0 rg BT 470.90 466.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 492.50 466.25 Td (will ) Tj ET Q q 0 0 0 rg BT 509.66 466.25 Td (make ) Tj ET Q q 0 0 0 rg BT 532.92 466.25 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 454.25 Td (to ) Tj ET Q q 0 0 0 rg BT 53.26 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 67.78 454.25 Td (T) Tj ET Q q 0 0 0 rg BT 73.54 454.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 91.03 454.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 113.51 454.25 Td (request ) Tj ET Q q 0 0 0 rg BT 144.87 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.79 454.25 Td (for ) Tj ET Q q 0 0 0 rg BT 175.94 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 182.86 454.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 197.55 454.25 Td (a ) Tj ET Q q 0 0 0 rg BT 204.48 454.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 231.96 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.78 454.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 271.92 454.25 Td (held ) Tj ET Q q 0 0 0 rg BT 291.63 454.25 Td (by ) Tj ET Q q 0 0 0 rg BT 304.11 454.25 Td (each ) Tj ET Q q 0 0 0 rg BT 324.91 454.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 347.39 454.25 Td (Participant. ) Tj ET Q q 0 0 0 rg BT 395.52 454.25 Td (The ) Tj ET Q q 0 0 0 rg BT 413.37 454.25 Td (T) Tj ET Q q 0 0 0 rg BT 419.13 454.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 436.61 454.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 457.98 454.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 485.46 454.25 Td (from ) Tj ET Q q 0 0 0 rg BT 507.38 454.25 Td (each ) Tj ET Q q 0 0 0 rg BT 528.18 454.25 Td (such ) Tj ET Q q 0 0 0 rg BT 549.00 454.25 Td (DTC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 442.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 89.30 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.49 442.25 Td (number ) Tj ET Q q 0 0 0 rg BT 138.02 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.32 442.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 193.39 442.25 Td (Owners ) Tj ET Q q 0 0 0 rg BT 227.47 442.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 261.01 442.25 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 293.14 442.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 326.66 442.25 Td (or ) Tj ET Q q 0 0 0 rg BT 337.97 442.25 Td (indirectly) Tj ET Q q 0 0 0 rg BT 375.64 442.25 Td (, ) Tj ET Q q 0 0 0 rg BT 381.12 442.25 Td (through ) Tj ET Q q 0 0 0 rg BT 415.21 442.25 Td (such ) Tj ET Q q 0 0 0 rg BT 436.51 442.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 459.49 442.25 Td (Participant. ) Tj ET Q q 0 0 0 rg BT 508.07 442.25 Td (The ) Tj ET Q q 0 0 0 rg BT 526.38 442.25 Td (T) Tj ET Q q 0 0 0 rg BT 532.14 442.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 550.12 442.25 Td (shall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 430.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 75.83 430.25 Td (each ) Tj ET Q q 0 0 0 rg BT 96.42 430.25 Td (such ) Tj ET Q q 0 0 0 rg BT 117.03 430.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 139.31 430.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 184.91 430.25 Td (with ) Tj ET Q q 0 0 0 rg BT 204.97 430.25 Td (copies ) Tj ET Q q 0 0 0 rg BT 232.79 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.40 430.25 Td (such ) Tj ET Q q 0 0 0 rg BT 264.01 430.25 Td (notice, ) Tj ET Q q 0 0 0 rg BT 293.22 430.25 Td (statement, ) Tj ET Q q 0 0 0 rg BT 336.32 430.25 Td (or ) Tj ET Q q 0 0 0 rg BT 346.93 430.25 Td (other ) Tj ET Q q 0 0 0 rg BT 369.76 430.25 Td (communication, ) Tj ET Q q 0 0 0 rg BT 436.75 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 446.80 430.25 Td (such ) Tj ET Q q 0 0 0 rg BT 467.41 430.25 Td (form, ) Tj ET Q q 0 0 0 rg BT 491.63 430.25 Td (number ) Tj ET Q q 0 0 0 rg BT 524.46 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.17 430.25 Td (at ) Tj ET Q q 0 0 0 rg BT 550.67 430.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 418.25 Td (place ) Tj ET Q q 0 0 0 rg BT 66.38 418.25 Td (as ) Tj ET Q q 0 0 0 rg BT 76.99 418.25 Td (such ) Tj ET Q q 0 0 0 rg BT 97.61 418.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 119.89 418.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 165.50 418.25 Td (may ) Tj ET Q q 0 0 0 rg BT 185.00 418.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 230.60 418.25 Td (request, ) Tj ET Q q 0 0 0 rg BT 264.26 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 274.32 418.25 Td (order ) Tj ET Q q 0 0 0 rg BT 297.70 418.25 Td (that ) Tj ET Q q 0 0 0 rg BT 314.98 418.25 Td (such ) Tj ET Q q 0 0 0 rg BT 335.60 418.25 Td (notice, ) Tj ET Q q 0 0 0 rg BT 364.81 418.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 405.42 418.25 Td (or ) Tj ET Q q 0 0 0 rg BT 416.03 418.25 Td (communication ) Tj ET Q q 0 0 0 rg BT 480.52 418.25 Td (may ) Tj ET Q q 0 0 0 rg BT 500.02 418.25 Td (be ) Tj ET Q q 0 0 0 rg BT 511.75 418.25 Td (transmitted ) Tj ET Q q 0 0 0 rg BT 559.02 418.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 406.25 Td (such ) Tj ET Q q 0 0 0 rg BT 63.56 406.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 85.78 406.25 Td (Participant, ) Tj ET Q q 0 0 0 rg BT 133.83 406.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 166.60 406.25 Td (or ) Tj ET Q q 0 0 0 rg BT 177.16 406.25 Td (indirectly) Tj ET Q q 0 0 0 rg BT 214.83 406.25 Td (, ) Tj ET Q q 0 0 0 rg BT 219.55 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 229.56 406.25 Td (such ) Tj ET Q q 0 0 0 rg BT 250.11 406.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 293.43 406.25 Td (Owners. ) Tj ET Q q 0 0 0 rg BT 329.26 406.25 Td (In ) Tj ET Q q 0 0 0 rg BT 339.82 406.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 377.32 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.60 406.25 Td (T) Tj ET Q q 0 0 0 rg BT 397.36 406.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 414.58 406.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 435.70 406.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 452.36 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.37 406.25 Td (each ) Tj ET Q q 0 0 0 rg BT 482.91 406.25 Td (such ) Tj ET Q q 0 0 0 rg BT 503.46 406.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 525.69 406.25 Td (Participant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 394.25 Td (a ) Tj ET Q q 0 0 0 rg BT 49.94 394.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.32 394.25 Td (and ) Tj ET Q q 0 0 0 rg BT 83.27 394.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 128.52 394.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 161.02 394.25 Td (as ) Tj ET Q q 0 0 0 rg BT 171.86 394.25 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 234.34 394.25 Td (for ) Tj ET Q q 0 0 0 rg BT 248.50 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.23 394.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 301.83 394.25 Td (attendant ) Tj ET Q q 0 0 0 rg BT 340.98 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.26 394.25 Td (such ) Tj ET Q q 0 0 0 rg BT 372.10 394.25 Td (transmittal, ) Tj ET Q q 0 0 0 rg BT 419.87 394.25 Td (all ) Tj ET Q q 0 0 0 rg BT 432.37 394.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 463.20 394.25 Td (to ) Tj ET Q q 0 0 0 rg BT 473.48 394.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 517.07 394.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 554.57 394.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 382.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 86.59 382.25 Td (requirements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 364.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 68.73 364.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 121.69 364.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 143.54 364.25 Td (be ) Tj ET Q q 0 0 0 rg BT 155.93 364.25 Td (made ) Tj ET Q q 0 0 0 rg BT 180.55 364.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.29 364.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 214.25 364.25 Td (or ) Tj ET Q q 0 0 0 rg BT 225.53 364.25 Td (its ) Tj ET Q q 0 0 0 rg BT 237.94 364.25 Td (nominee, ) Tj ET Q q 0 0 0 rg BT 277.83 364.25 Td (Cede ) Tj ET Q q 0 0 0 rg BT 301.34 364.25 Td (& ) Tj ET Q q 0 0 0 rg BT 312.08 364.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 331.71 364.25 Td (as ) Tj ET Q q 0 0 0 rg BT 343.00 364.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.17 364.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 400.55 364.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 429.06 364.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.35 364.25 Td (all ) Tj ET Q q 0 0 0 rg BT 453.30 364.25 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 485.42 364.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 508.38 364.25 Td (or ) Tj ET Q q 0 0 0 rg BT 519.67 364.25 Td (its ) Tj ET Q q 0 0 0 rg BT 532.08 364.25 Td (nominee, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 352.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 65.32 352.25 Td (receipt ) Tj ET Q q 0 0 0 rg BT 94.84 352.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.49 352.25 Td (any ) Tj ET Q q 0 0 0 rg BT 122.25 352.25 Td (such ) Tj ET Q q 0 0 0 rg BT 142.90 352.25 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 197.73 352.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 218.94 352.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 244.02 352.25 Td (immediately ) Tj ET Q q 0 0 0 rg BT 296.33 352.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 318.65 352.25 Td (Participants) Tj ET Q q 0 0 0 rg BT 368.45 352.25 Td ( ) Tj ET Q q 0 0 0 rg BT 370.77 352.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 408.08 352.25 Td (with ) Tj ET Q q 0 0 0 rg BT 428.18 352.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 468.82 352.25 Td (in ) Tj ET Q q 0 0 0 rg BT 478.92 352.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 515.13 352.25 Td (proportionate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 53.19 340.25 Td (their ) Tj ET Q q 0 0 0 rg BT 73.93 340.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 116.87 340.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 158.70 340.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 194.44 340.25 Td (in ) Tj ET Q q 0 0 0 rg BT 204.63 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.26 340.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 242.23 340.25 Td (as ) Tj ET Q q 0 0 0 rg BT 252.98 340.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 281.50 340.25 Td (on ) Tj ET Q q 0 0 0 rg BT 293.91 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.54 340.25 Td (records ) Tj ET Q q 0 0 0 rg BT 340.38 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.13 340.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 373.54 340.25 Td (or ) Tj ET Q q 0 0 0 rg BT 384.28 340.25 Td (its ) Tj ET Q q 0 0 0 rg BT 396.14 340.25 Td (nominee. ) Tj ET Q q 0 0 0 rg BT 435.49 340.25 Td (Payments ) Tj ET Q q 0 0 0 rg BT 476.78 340.25 Td (by ) Tj ET Q q 0 0 0 rg BT 489.20 340.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 511.61 340.25 Td (Participants ) Tj ET Q q 0 0 0 rg BT 561.23 340.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 328.25 Td (Indirect ) Tj ET Q q 0 0 0 rg BT 76.41 328.25 Td (Participants ) Tj ET Q q 0 0 0 rg BT 125.95 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.71 328.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 186.12 328.25 Td (Owners ) Tj ET Q q 0 0 0 rg BT 219.54 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.19 328.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 259.17 328.25 Td (held ) Tj ET Q q 0 0 0 rg BT 278.71 328.25 Td (through ) Tj ET Q q 0 0 0 rg BT 312.14 328.25 Td (such ) Tj ET Q q 0 0 0 rg BT 332.79 328.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 355.11 328.25 Td (Participants ) Tj ET Q q 0 0 0 rg BT 404.64 328.25 Td (will ) Tj ET Q q 0 0 0 rg BT 422.52 328.25 Td (be ) Tj ET Q q 0 0 0 rg BT 434.28 328.25 Td (governed ) Tj ET Q q 0 0 0 rg BT 473.81 328.25 Td (by ) Tj ET Q q 0 0 0 rg BT 486.13 328.25 Td (standing ) Tj ET Q q 0 0 0 rg BT 522.34 328.25 Td (instructions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 59.68 316.25 Td (customary ) Tj ET Q q 0 0 0 rg BT 103.57 316.25 Td (practices, ) Tj ET Q q 0 0 0 rg BT 143.84 316.25 Td (as ) Tj ET Q q 0 0 0 rg BT 154.41 316.25 Td (is ) Tj ET Q q 0 0 0 rg BT 163.32 316.25 Td (now ) Tj ET Q q 0 0 0 rg BT 182.78 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.24 316.25 Td (case ) Tj ET Q q 0 0 0 rg BT 216.68 316.25 Td (with ) Tj ET Q q 0 0 0 rg BT 236.70 316.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 276.70 316.25 Td (held ) Tj ET Q q 0 0 0 rg BT 296.16 316.25 Td (for ) Tj ET Q q 0 0 0 rg BT 310.06 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.51 316.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 361.74 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.30 316.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 415.09 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 425.11 316.25 Td (bearer ) Tj ET Q q 0 0 0 rg BT 452.32 316.25 Td (form ) Tj ET Q q 0 0 0 rg BT 474.00 316.25 Td (or ) Tj ET Q q 0 0 0 rg BT 484.57 316.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 526.23 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 536.25 316.25 Td (a ) Tj ET Q q 0 0 0 rg BT 542.92 316.25 Td (street ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 304.25 Td (name, ) Tj ET Q q 0 0 0 rg BT 74.09 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.03 304.25 Td (will ) Tj ET Q q 0 0 0 rg BT 109.09 304.25 Td (be ) Tj ET Q q 0 0 0 rg BT 121.03 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.74 304.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 192.69 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.52 304.25 Td (such ) Tj ET Q q 0 0 0 rg BT 224.35 304.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 246.85 304.25 Td (Participants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 286.25 Td (The ) Tj ET Q q 0 0 0 rg BT 60.48 286.25 Td (T) Tj ET Q q 0 0 0 rg BT 66.24 286.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 83.32 286.25 Td (has ) Tj ET Q q 0 0 0 rg BT 98.73 286.25 Td (no ) Tj ET Q q 0 0 0 rg BT 110.81 286.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 167.34 286.25 Td (or ) Tj ET Q q 0 0 0 rg BT 177.75 286.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 210.94 286.25 Td (for ) Tj ET Q q 0 0 0 rg BT 224.69 286.25 Td (any ) Tj ET Q q 0 0 0 rg BT 241.21 286.25 Td (aspect ) Tj ET Q q 0 0 0 rg BT 268.27 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.69 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.99 286.25 Td (records ) Tj ET Q q 0 0 0 rg BT 324.50 286.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 357.12 286.25 Td (to ) Tj ET Q q 0 0 0 rg BT 366.98 286.25 Td (or ) Tj ET Q q 0 0 0 rg BT 377.40 286.25 Td (notices ) Tj ET Q q 0 0 0 rg BT 407.80 286.25 Td (to ) Tj ET Q q 0 0 0 rg BT 417.66 286.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 460.84 286.25 Td (Owners, ) Tj ET Q q 0 0 0 rg BT 496.52 286.25 Td (or ) Tj ET Q q 0 0 0 rg BT 506.93 286.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 547.34 286.25 Td (made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 274.25 Td (on ) Tj ET Q q 0 0 0 rg BT 56.20 274.25 Td (account ) Tj ET Q q 0 0 0 rg BT 90.49 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.02 274.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 144.63 274.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 189.49 274.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 226.01 274.25 Td (in ) Tj ET Q q 0 0 0 rg BT 236.99 274.25 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 269.34 274.25 Td (or ) Tj ET Q q 0 0 0 rg BT 280.87 274.25 Td (for ) Tj ET Q q 0 0 0 rg BT 295.73 274.25 Td (maintaining, ) Tj ET Q q 0 0 0 rg BT 349.20 274.25 Td (supervising, ) Tj ET Q q 0 0 0 rg BT 401.00 274.25 Td (or ) Tj ET Q q 0 0 0 rg BT 412.53 274.25 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 455.71 274.25 Td (any ) Tj ET Q q 0 0 0 rg BT 473.35 274.25 Td (records ) Tj ET Q q 0 0 0 rg BT 505.97 274.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 539.71 274.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.69 274.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 262.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 84.86 262.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 128.97 262.25 Td (interests, ) Tj ET Q q 0 0 0 rg BT 167.24 262.25 Td (or ) Tj ET Q q 0 0 0 rg BT 178.01 262.25 Td (for ) Tj ET Q q 0 0 0 rg BT 192.11 262.25 Td (any ) Tj ET Q q 0 0 0 rg BT 209.00 262.25 Td (other ) Tj ET Q q 0 0 0 rg BT 231.99 262.25 Td (aspect ) Tj ET Q q 0 0 0 rg BT 259.42 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.19 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.85 262.25 Td (relationship ) Tj ET Q q 0 0 0 rg BT 334.51 262.25 Td (between ) Tj ET Q q 0 0 0 rg BT 370.27 262.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 392.71 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.59 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.25 262.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 446.70 262.25 Td (Participants ) Tj ET Q q 0 0 0 rg BT 496.35 262.25 Td (or ) Tj ET Q q 0 0 0 rg BT 507.13 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.79 262.25 Td (relationship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 250.25 Td (between ) Tj ET Q q 0 0 0 rg BT 78.82 250.25 Td (such ) Tj ET Q q 0 0 0 rg BT 99.65 250.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 122.15 250.25 Td (Participants ) Tj ET Q q 0 0 0 rg BT 171.86 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.80 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.51 250.25 Td (Indirect ) Tj ET Q q 0 0 0 rg BT 237.11 250.25 Td (Participants ) Tj ET Q q 0 0 0 rg BT 286.82 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.76 250.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 347.35 250.25 Td (Owners ) Tj ET Q q 0 0 0 rg BT 380.95 250.25 Td (owning ) Tj ET Q q 0 0 0 rg BT 413.45 250.25 Td (through ) Tj ET Q q 0 0 0 rg BT 447.06 250.25 Td (such ) Tj ET Q q 0 0 0 rg BT 467.89 250.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 490.39 250.25 Td (Participants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 232.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 65.22 232.25 Td (may ) Tj ET Q q 0 0 0 rg BT 84.66 232.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 126.87 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.87 232.25 Td (discontinue ) Tj ET Q q 0 0 0 rg BT 185.19 232.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 226.30 232.25 Td (its ) Tj ET Q q 0 0 0 rg BT 237.98 232.25 Td (service ) Tj ET Q q 0 0 0 rg BT 268.51 232.25 Td (with ) Tj ET Q q 0 0 0 rg BT 288.52 232.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 319.05 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.06 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.50 232.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 366.28 232.25 Td (at ) Tj ET Q q 0 0 0 rg BT 375.72 232.25 Td (any ) Tj ET Q q 0 0 0 rg BT 392.38 232.25 Td (time ) Tj ET Q q 0 0 0 rg BT 412.38 232.25 Td (by ) Tj ET Q q 0 0 0 rg BT 424.60 232.25 Td (giving ) Tj ET Q q 0 0 0 rg BT 452.38 232.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 497.36 232.25 Td (notice ) Tj ET Q q 0 0 0 rg BT 524.02 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 534.02 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.46 232.25 Td (Fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 220.25 Td (and ) Tj ET Q q 0 0 0 rg BT 60.14 220.25 Td (dischar) Tj ET Q q 0 0 0 rg BT 88.83 220.25 Td (ging ) Tj ET Q q 0 0 0 rg BT 109.31 220.25 Td (its ) Tj ET Q q 0 0 0 rg BT 121.46 220.25 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 184.71 220.25 Td (with ) Tj ET Q q 0 0 0 rg BT 205.19 220.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 236.20 220.25 Td (thereto ) Tj ET Q q 0 0 0 rg BT 266.67 220.25 Td (under ) Tj ET Q q 0 0 0 rg BT 292.13 220.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 335.92 220.25 Td (law) Tj ET Q q 0 0 0 rg BT 349.71 220.25 Td (. ) Tj ET Q q 0 0 0 rg BT 354.91 220.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 382.60 220.25 Td (such ) Tj ET Q q 0 0 0 rg BT 403.63 220.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 465.47 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.38 220.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 503.64 220.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 525.23 220.25 Td (take ) Tj ET Q q 0 0 0 rg BT 544.58 220.25 Td (action ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 208.25 Td (either ) Tj ET Q q 0 0 0 rg BT 68.03 208.25 Td (to ) Tj ET Q q 0 0 0 rg BT 78.08 208.25 Td (find ) Tj ET Q q 0 0 0 rg BT 96.45 208.25 Td (a ) Tj ET Q q 0 0 0 rg BT 103.16 208.25 Td (replacement ) Tj ET Q q 0 0 0 rg BT 154.28 208.25 Td (for ) Tj ET Q q 0 0 0 rg BT 168.21 208.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 190.48 208.25 Td (to ) Tj ET Q q 0 0 0 rg BT 200.52 208.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 235.00 208.25 Td (its ) Tj ET Q q 0 0 0 rg BT 246.71 208.25 Td (functions ) Tj ET Q q 0 0 0 rg BT 286.19 208.25 Td (at ) Tj ET Q q 0 0 0 rg BT 295.68 208.25 Td (a ) Tj ET Q q 0 0 0 rg BT 302.38 208.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 351.29 208.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 369.67 208.25 Td (or) Tj ET Q q 0 0 0 rg BT 377.60 208.25 Td (, ) Tj ET Q q 0 0 0 rg BT 382.36 208.25 Td (if ) Tj ET Q q 0 0 0 rg BT 390.74 208.25 Td (such ) Tj ET Q q 0 0 0 rg BT 411.34 208.25 Td (replacement ) Tj ET Q q 0 0 0 rg BT 462.46 208.25 Td (is ) Tj ET Q q 0 0 0 rg BT 471.40 208.25 Td (unavailable, ) Tj ET Q q 0 0 0 rg BT 522.25 208.25 Td (to ) Tj ET Q q 0 0 0 rg BT 532.30 208.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 554.57 208.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 196.25 Td (deliver ) Tj ET Q q 0 0 0 rg BT 75.16 196.25 Td (printed ) Tj ET Q q 0 0 0 rg BT 107.89 196.25 Td (certificates ) Tj ET Q q 0 0 0 rg BT 156.15 196.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 209.97 196.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 256.03 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.77 196.25 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 302.33 196.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 331.73 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.03 196.25 Td (T) Tj ET Q q 0 0 0 rg BT 353.78 196.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 373.18 196.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 403.13 196.25 Td (other ) Tj ET Q q 0 0 0 rg BT 428.08 196.25 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 486.34 196.25 Td (with ) Tj ET Q q 0 0 0 rg BT 508.52 196.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 541.24 196.25 Td (thereto ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 184.25 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 91.59 184.25 Td (to ) Tj ET Q q 0 0 0 rg BT 101.87 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.59 184.25 Td (Exchange. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 166.25 Td (P) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.11 166.25 Td (URCHASE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 93.12 166.25 Td ( ) Tj ET Q q 0 0 0 rg BT 95.06 166.25 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 102.29 166.25 Td (ND) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.28 166.25 Td ( R) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 125.01 166.25 Td (EDEMPTION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.51 166.25 Td ( O) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 190.79 166.25 Td (F) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.28 166.25 Td ( S) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 204.35 166.25 Td (HARES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.35 166.25 Td ( I) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 241.75 166.25 Td (N) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.25 166.25 Td ( C) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 257.97 166.25 Td (REA) Tj ET Q q 0 0 0 rg BT 276.30 166.25 Td (TION ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.56 166.25 Td (U) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 308.78 166.25 Td (NITS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 148.25 Td (The ) Tj ET Q q 0 0 0 rg BT 60.30 148.25 Td (T) Tj ET Q q 0 0 0 rg BT 66.06 148.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 82.96 148.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 108.74 148.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.08 148.25 Td (sells ) Tj ET Q q 0 0 0 rg BT 144.75 148.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 173.30 148.25 Td (only ) Tj ET Q q 0 0 0 rg BT 192.98 148.25 Td (in ) Tj ET Q q 0 0 0 rg BT 202.65 148.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 238.98 148.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 262.54 148.25 Td (on ) Tj ET Q q 0 0 0 rg BT 274.44 148.25 Td (a ) Tj ET Q q 0 0 0 rg BT 280.77 148.25 Td (continuous ) Tj ET Q q 0 0 0 rg BT 326.55 148.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 348.44 148.25 Td (through ) Tj ET Q q 0 0 0 rg BT 381.45 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.56 148.25 Td (Distributor) Tj ET Q q 0 0 0 rg BT 439.04 148.25 Td (, ) Tj ET Q q 0 0 0 rg BT 443.44 148.25 Td (without ) Tj ET Q q 0 0 0 rg BT 475.89 148.25 Td (a ) Tj ET Q q 0 0 0 rg BT 482.22 148.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 503.56 148.25 Td (load ) Tj ET Q q 0 0 0 rg BT 522.67 148.25 Td (\(but ) Tj ET Q q 0 0 0 rg BT 540.67 148.25 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 136.25 Td (to ) Tj ET Q q 0 0 0 rg BT 53.60 136.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 100.29 136.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 121.71 136.25 Td (if ) Tj ET Q q 0 0 0 rg BT 130.64 136.25 Td (applicable\), ) Tj ET Q q 0 0 0 rg BT 180.38 136.25 Td (at ) Tj ET Q q 0 0 0 rg BT 190.42 136.25 Td (their ) Tj ET Q q 0 0 0 rg BT 211.57 136.25 Td (NA) Tj ET Q q 0 0 0 rg BT 224.72 136.25 Td (V) Tj ET Q q 0 0 0 rg BT 231.76 136.25 Td ( ) Tj ET Q q 0 0 0 rg BT 234.58 136.25 Td (per ) Tj ET Q q 0 0 0 rg BT 250.17 136.25 Td (share ) Tj ET Q q 0 0 0 rg BT 274.09 136.25 Td (next ) Tj ET Q q 0 0 0 rg BT 294.13 136.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 341.93 136.25 Td (after ) Tj ET Q q 0 0 0 rg BT 363.07 136.25 Td (receipt ) Tj ET Q q 0 0 0 rg BT 393.09 136.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.25 136.25 Td (an ) Tj ET Q q 0 0 0 rg BT 416.50 136.25 Td (order) Tj ET Q q 0 0 0 rg BT 437.20 136.25 Td (, ) Tj ET Q q 0 0 0 rg BT 442.52 136.25 Td (on ) Tj ET Q q 0 0 0 rg BT 455.35 136.25 Td (any ) Tj ET Q q 0 0 0 rg BT 472.61 136.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 510.99 136.25 Td (Day) Tj ET Q q 0 0 0 rg BT 527.00 136.25 Td (, ) Tj ET Q q 0 0 0 rg BT 532.32 136.25 Td (in ) Tj ET Q q 0 0 0 rg BT 542.92 136.25 Td (proper ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 124.25 Td (form ) Tj ET Q q 0 0 0 rg BT 64.44 124.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 100.89 124.25 Td (to ) Tj ET Q q 0 0 0 rg BT 110.67 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.89 124.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 149.11 124.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.45 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.22 124.25 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 220.21 124.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 265.10 124.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 311.52 124.25 Td (\(Participant ) Tj ET Q q 0 0 0 rg BT 364.18 124.25 Td (Agreement\). ) Tj ET Q q 0 0 0 rg BT 420.73 124.25 Td (The ) Tj ET Q q 0 0 0 rg BT 438.28 124.25 Td (NA) Tj ET Q q 0 0 0 rg BT 451.43 124.25 Td (V) Tj ET Q q 0 0 0 rg BT 458.47 124.25 Td ( ) Tj ET Q q 0 0 0 rg BT 460.48 124.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.81 124.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 499.48 124.25 Td (is ) Tj ET Q q 0 0 0 rg BT 508.15 124.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 550.68 124.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 112.25 Td (business ) Tj ET Q q 0 0 0 rg BT 79.62 112.25 Td (day ) Tj ET Q q 0 0 0 rg BT 96.78 112.25 Td (as ) Tj ET Q q 0 0 0 rg BT 107.83 112.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.88 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.83 112.25 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 176.53 112.25 Td (close ) Tj ET Q q 0 0 0 rg BT 199.80 112.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.86 112.25 Td (regular ) Tj ET Q q 0 0 0 rg BT 241.90 112.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 272.95 112.25 Td (on ) Tj ET Q q 0 0 0 rg BT 285.67 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.61 112.25 Td (NYSE, ) Tj ET Q q 0 0 0 rg BT 331.95 112.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 371.87 112.25 Td (4:00 ) Tj ET Q q 0 0 0 rg BT 392.38 112.25 Td (p.m., ) Tj ET Q q 0 0 0 rg BT 415.38 112.25 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 447.89 112.25 Td (T) Tj ET Q q 0 0 0 rg BT 453.65 112.25 Td (ime. ) Tj ET Q q 0 0 0 rg BT 473.67 112.25 Td (The ) Tj ET Q q 0 0 0 rg BT 491.94 112.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 515.22 112.25 Td (will ) Tj ET Q q 0 0 0 rg BT 533.50 112.25 Td (not ) Tj ET Q q 0 0 0 rg BT 549.00 112.25 Td (issue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 100.25 Td (fractional ) Tj ET Q q 0 0 0 rg BT 83.81 100.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 120.74 100.25 Td (Units. ) Tj ET Q q 0 0 0 rg BT 146.86 100.25 Td (A) Tj ET Q q 0 0 0 rg BT 153.53 100.25 Td ( ) Tj ET Q q 0 0 0 rg BT 156.03 100.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 198.53 100.25 Td (Day ) Tj ET Q q 0 0 0 rg BT 222.13 100.25 Td (is ) Tj ET Q q 0 0 0 rg BT 231.30 100.25 Td (any ) Tj ET Q q 0 0 0 rg BT 248.24 100.25 Td (day ) Tj ET Q q 0 0 0 rg BT 265.18 100.25 Td (on ) Tj ET Q q 0 0 0 rg BT 277.68 100.25 Td (which ) Tj ET Q q 0 0 0 rg BT 304.62 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.33 100.25 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 347.95 100.25 Td (is ) Tj ET Q q 0 0 0 rg BT 357.12 100.25 Td (open ) Tj ET Q q 0 0 0 rg BT 379.05 100.25 Td (for ) Tj ET Q q 0 0 0 rg BT 393.21 100.25 Td (business.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 742.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 67.85 742.25 Td (Deposit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.07 742.25 Td (. ) Tj ET Q q 0 0 0 rg BT 104.48 742.25 Td (The ) Tj ET Q q 0 0 0 rg BT 122.09 742.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 178.02 742.25 Td (for ) Tj ET Q q 0 0 0 rg BT 191.74 742.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 229.33 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.72 742.25 Td (a ) Tj ET Q q 0 0 0 rg BT 246.22 742.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 282.71 742.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 302.54 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.93 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.21 742.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 349.83 742.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 389.09 742.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 422.81 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.20 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.48 742.25 Td (in-kind ) Tj ET Q q 0 0 0 rg BT 478.42 742.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 509.37 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.76 742.25 Td (a ) Tj ET Q q 0 0 0 rg BT 526.25 742.25 Td (designated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 80.15 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.64 730.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 130.57 730.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 148.27 730.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 185.98 730.25 Td (Securities\) ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 235.34 737.18 336.17 -9.09 re f /GS0 gs q 0 0 0 rg BT 235.34 730.25 Td (per ) Tj ET Q q 0 0 0 rg BT 250.27 730.25 Td (each ) Tj ET Q q 0 0 0 rg BT 270.75 730.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 307.34 730.25 Td (Unit, ) Tj ET Q q 0 0 0 rg BT 329.78 730.25 Td (constituting ) Tj ET Q q 0 0 0 rg BT 379.16 730.25 Td (a ) Tj ET Q q 0 0 0 rg BT 385.76 730.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 430.69 730.25 Td (replication, ) Tj ET Q q 0 0 0 rg BT 478.11 730.25 Td (or ) Tj ET Q q 0 0 0 rg BT 488.60 730.25 Td (a ) Tj ET Q q 0 0 0 rg BT 495.20 730.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 532.35 730.25 Td (sampling ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 43.00 725.18 237.37 -9.09 re f /GS0 gs q 0 0 0 rg BT 43.00 718.25 Td (representation, ) Tj ET Q q 0 0 0 rg BT 104.08 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 114.34 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.50 718.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 168.20 718.25 Td (included ) Tj ET Q q 0 0 0 rg BT 204.56 718.25 Td (in ) Tj ET Q q 0 0 0 rg BT 214.28 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.43 718.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 251.77 718.25 Td (s ) Tj ET Q q 0 0 0 rg BT 257.60 718.25 Td (Index) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.37 718.25 Td ( ) Tj ET Q q 0 0 0 rg BT 282.30 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.68 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.83 718.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 334.77 718.25 Td (Component ) Tj ET Q q 0 0 0 rg BT 383.37 718.25 Td (\(defined ) Tj ET Q q 0 0 0 rg BT 418.62 718.25 Td (below\), ) Tj ET Q q 0 0 0 rg BT 450.82 718.25 Td (computed ) Tj ET Q q 0 0 0 rg BT 492.19 718.25 Td (as ) Tj ET Q q 0 0 0 rg BT 502.46 718.25 Td (described ) Tj ET Q q 0 0 0 rg BT 542.71 718.25 Td (below) Tj ET Q q 0 0 0 rg BT 566.50 718.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.25 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 112.10 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.74 706.25 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 170.55 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.02 706.25 Td (T) Tj ET Q q 0 0 0 rg BT 190.78 706.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 208.21 706.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 243.40 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.05 706.25 Td (right ) Tj ET Q q 0 0 0 rg BT 279.36 706.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.57 706.25 Td (permit ) Tj ET Q q 0 0 0 rg BT 318.11 706.25 Td (or ) Tj ET Q q 0 0 0 rg BT 328.87 706.25 Td (require ) Tj ET Q q 0 0 0 rg BT 359.61 706.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.26 706.25 Td (substitution ) Tj ET Q q 0 0 0 rg BT 423.37 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 434.13 706.25 Td (a ) Tj ET Q q 0 0 0 rg BT 441.00 706.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 465.63 706.25 Td (in ) Tj ET Q q 0 0 0 rg BT 475.84 706.25 Td (lieu ) Tj ET Q q 0 0 0 rg BT 497.71 706.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 530.13 706.25 Td (\(Deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.25 Td (Cash\) ) Tj ET Q q 0 0 0 rg BT 73.17 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 83.35 694.25 Td (be ) Tj ET Q q 0 0 0 rg BT 95.19 694.25 Td (added ) Tj ET Q q 0 0 0 rg BT 121.47 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 131.65 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.27 694.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 168.67 694.25 Td (Component ) Tj ET Q q 0 0 0 rg BT 217.73 694.25 Td (to ) Tj ET Q q 0 0 0 rg BT 227.91 694.25 Td (replace ) Tj ET Q q 0 0 0 rg BT 259.18 694.25 Td (any ) Tj ET Q q 0 0 0 rg BT 276.02 694.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 309.53 694.25 Td (Security) Tj ET Q q 0 0 0 rg BT 342.20 694.25 Td (. ) Tj ET Q q 0 0 0 rg BT 346.93 694.25 Td (When ) Tj ET Q q 0 0 0 rg BT 373.21 694.25 Td (accepting ) Tj ET Q q 0 0 0 rg BT 413.92 694.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 455.75 694.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.48 694.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 503.32 694.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 527.39 694.25 Td (for ) Tj ET Q q 0 0 0 rg BT 541.45 694.25 Td (all ) Tj ET Q q 0 0 0 rg BT 553.85 694.25 Td (or ) Tj ET Q q 0 0 0 rg BT 564.58 694.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 73.57 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.58 682.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 116.37 682.25 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 140.55 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.45 682.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 176.69 682.25 Td (may ) Tj ET Q q 0 0 0 rg BT 195.59 682.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 217.82 682.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 259.49 682.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 281.17 682.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 323.94 682.25 Td (with ) Tj ET Q q 0 0 0 rg BT 343.40 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.30 682.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 402.86 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.88 682.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 445.67 682.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 486.78 682.25 Td (that ) Tj ET Q q 0 0 0 rg BT 503.46 682.25 Td (would ) Tj ET Q q 0 0 0 rg BT 530.14 682.25 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.25 Td (be ) Tj ET Q q 0 0 0 rg BT 54.94 670.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 92.99 670.25 Td (by ) Tj ET Q q 0 0 0 rg BT 105.49 670.25 Td (an ) Tj ET Q q 0 0 0 rg BT 117.42 670.25 Td (in-kind ) Tj ET Q q 0 0 0 rg BT 148.81 670.25 Td (purchaser) Tj ET Q q 0 0 0 rg BT 187.13 670.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 652.25 Td (T) Tj ET Q q 0 0 0 rg BT 48.41 652.25 Td (ogether) Tj ET Q q 0 0 0 rg BT 78.00 652.25 Td (, ) Tj ET Q q 0 0 0 rg BT 84.02 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 99.77 652.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 134.41 652.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 177.37 652.25 Td (or ) Tj ET Q q 0 0 0 rg BT 189.23 652.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 223.87 652.25 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 249.90 652.25 Td (as ) Tj ET Q q 0 0 0 rg BT 261.76 652.25 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 308.88 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.84 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.59 652.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 366.12 652.25 Td (Component ) Tj ET Q q 0 0 0 rg BT 416.31 652.25 Td (constitute ) Tj ET Q q 0 0 0 rg BT 458.72 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.47 652.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 503.00 652.25 Td (Deposit, ) Tj ET Q q 0 0 0 rg BT 544.58 652.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 640.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 86.66 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.00 640.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 144.02 640.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 170.48 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.04 640.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 235.60 640.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 282.61 640.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 315.73 640.25 Td (for ) Tj ET Q q 0 0 0 rg BT 330.51 640.25 Td (a ) Tj ET Q q 0 0 0 rg BT 338.08 640.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 375.64 640.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 396.54 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 408.00 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.34 640.25 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 449.30 640.25 Td (The ) Tj ET Q q 0 0 0 rg BT 467.97 640.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 495.53 640.25 Td (Component ) Tj ET Q q 0 0 0 rg BT 549.76 640.25 Td (is ) Tj ET Q q 0 0 0 rg BT 559.56 640.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 628.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 75.99 628.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 100.63 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 111.41 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.61 628.25 Td (dif) Tj ET Q q 0 0 0 rg BT 137.54 628.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 169.95 628.25 Td (between ) Tj ET Q q 0 0 0 rg BT 206.26 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.46 628.25 Td (NA) Tj ET Q q 0 0 0 rg BT 234.62 628.25 Td (V) Tj ET Q q 0 0 0 rg BT 241.66 628.25 Td ( ) Tj ET Q q 0 0 0 rg BT 244.65 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.97 628.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 285.63 628.25 Td (\(per ) Tj ET Q q 0 0 0 rg BT 304.72 628.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 342.14 628.25 Td (Unit\) ) Tj ET Q q 0 0 0 rg BT 366.24 628.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.67 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.88 628.25 Td (value ) Tj ET Q q 0 0 0 rg BT 423.53 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 434.85 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 450.06 628.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 484.16 628.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 526.59 628.25 Td (or ) Tj ET Q q 0 0 0 rg BT 537.91 628.25 Td (Deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 616.25 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 68.23 616.25 Td (as ) Tj ET Q q 0 0 0 rg BT 79.29 616.25 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 125.61 616.25 Td (If ) Tj ET Q q 0 0 0 rg BT 135.01 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.96 616.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 172.69 616.25 Td (Component ) Tj ET Q q 0 0 0 rg BT 222.08 616.25 Td (is ) Tj ET Q q 0 0 0 rg BT 231.49 616.25 Td (a ) Tj ET Q q 0 0 0 rg BT 238.66 616.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 273.05 616.25 Td (number ) Tj ET Q q 0 0 0 rg BT 306.33 616.25 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 309.66 616.25 Td (i.e.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.88 616.25 Td (, ) Tj ET Q q 0 0 0 rg BT 327.11 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.06 616.25 Td (NA) Tj ET Q q 0 0 0 rg BT 355.21 616.25 Td (V) Tj ET Q q 0 0 0 rg BT 362.26 616.25 Td ( ) Tj ET Q q 0 0 0 rg BT 364.99 616.25 Td (per ) Tj ET Q q 0 0 0 rg BT 380.49 616.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 417.65 616.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 438.16 616.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 472.54 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.49 616.25 Td (value ) Tj ET Q q 0 0 0 rg BT 511.88 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.94 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.89 616.25 Td (Deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 604.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 84.89 604.25 Td (or ) Tj ET Q q 0 0 0 rg BT 95.68 604.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 129.25 604.25 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 154.21 604.25 Td (as ) Tj ET Q q 0 0 0 rg BT 164.99 604.25 Td (applicable\), ) Tj ET Q q 0 0 0 rg BT 214.37 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.05 604.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 251.51 604.25 Td (Component ) Tj ET Q q 0 0 0 rg BT 300.63 604.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 321.97 604.25 Td (be ) Tj ET Q q 0 0 0 rg BT 333.87 604.25 Td (such ) Tj ET Q q 0 0 0 rg BT 354.66 604.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 388.78 604.25 Td (amount. ) Tj ET Q q 0 0 0 rg BT 423.74 604.25 Td (If ) Tj ET Q q 0 0 0 rg BT 432.86 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.53 604.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 469.99 604.25 Td (Component ) Tj ET Q q 0 0 0 rg BT 519.11 604.25 Td (is ) Tj ET Q q 0 0 0 rg BT 528.24 604.25 Td (a ) Tj ET Q q 0 0 0 rg BT 535.14 604.25 Td (negative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 592.25 Td (number ) Tj ET Q q 0 0 0 rg BT 76.58 592.25 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 79.91 592.25 Td (i.e.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.13 592.25 Td (, ) Tj ET Q q 0 0 0 rg BT 97.66 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.91 592.25 Td (NA) Tj ET Q q 0 0 0 rg BT 126.07 592.25 Td (V) Tj ET Q q 0 0 0 rg BT 133.11 592.25 Td ( ) Tj ET Q q 0 0 0 rg BT 136.14 592.25 Td (per ) Tj ET Q q 0 0 0 rg BT 151.95 592.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 189.42 592.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 210.23 592.25 Td (is ) Tj ET Q q 0 0 0 rg BT 219.93 592.25 Td (less ) Tj ET Q q 0 0 0 rg BT 237.97 592.25 Td (than ) Tj ET Q q 0 0 0 rg BT 258.22 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.47 592.25 Td (value ) Tj ET Q q 0 0 0 rg BT 298.16 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 309.53 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.78 592.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 358.92 592.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 401.39 592.25 Td (or ) Tj ET Q q 0 0 0 rg BT 412.75 592.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 446.90 592.25 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 472.43 592.25 Td (as ) Tj ET Q q 0 0 0 rg BT 483.80 592.25 Td (applicable\), ) Tj ET Q q 0 0 0 rg BT 533.75 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 549.00 592.25 Td (Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 580.25 Td (Component ) Tj ET Q q 0 0 0 rg BT 91.80 580.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 112.82 580.25 Td (be ) Tj ET Q q 0 0 0 rg BT 124.40 580.25 Td (such ) Tj ET Q q 0 0 0 rg BT 144.87 580.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 180.87 580.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 213.00 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.58 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.93 580.25 Td (creator ) Tj ET Q q 0 0 0 rg BT 273.82 580.25 Td (will ) Tj ET Q q 0 0 0 rg BT 291.52 580.25 Td (be ) Tj ET Q q 0 0 0 rg BT 303.09 580.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 335.22 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 345.13 580.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 376.13 580.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 396.03 580.25 Td (in ) Tj ET Q q 0 0 0 rg BT 405.95 580.25 Td (an ) Tj ET Q q 0 0 0 rg BT 417.52 580.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 449.66 580.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 473.45 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 483.36 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.71 580.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 519.85 580.25 Td (Component. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 568.25 Td (The ) Tj ET Q q 0 0 0 rg BT 61.13 568.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 83.72 568.25 Td (Component ) Tj ET Q q 0 0 0 rg BT 132.97 568.25 Td (serves ) Tj ET Q q 0 0 0 rg BT 160.54 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.35 568.25 Td (function ) Tj ET Q q 0 0 0 rg BT 211.26 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 222.17 568.25 Td (compensating ) Tj ET Q q 0 0 0 rg BT 280.30 568.25 Td (for ) Tj ET Q q 0 0 0 rg BT 294.55 568.25 Td (any ) Tj ET Q q 0 0 0 rg BT 311.57 568.25 Td (dif) Tj ET Q q 0 0 0 rg BT 322.50 568.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 358.39 568.25 Td (between ) Tj ET Q q 0 0 0 rg BT 394.29 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.09 568.25 Td (NA) Tj ET Q q 0 0 0 rg BT 422.25 568.25 Td (V) Tj ET Q q 0 0 0 rg BT 429.29 568.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.87 568.25 Td (per ) Tj ET Q q 0 0 0 rg BT 447.23 568.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 484.25 568.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 504.61 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.63 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.44 568.25 Td (value ) Tj ET Q q 0 0 0 rg BT 560.68 568.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 57.44 556.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 90.77 556.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 132.42 556.25 Td (or ) Tj ET Q q 0 0 0 rg BT 142.98 556.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 176.31 556.25 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 201.03 556.25 Td (as ) Tj ET Q q 0 0 0 rg BT 211.58 556.25 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 257.39 556.25 Td (Computation ) Tj ET Q q 0 0 0 rg BT 311.83 556.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.38 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.82 556.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 359.04 556.25 Td (Component ) Tj ET Q q 0 0 0 rg BT 407.93 556.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 445.14 556.25 Td (any ) Tj ET Q q 0 0 0 rg BT 461.80 556.25 Td (stamp ) Tj ET Q q 0 0 0 rg BT 487.91 556.25 Td (duty ) Tj ET Q q 0 0 0 rg BT 507.91 556.25 Td (or ) Tj ET Q q 0 0 0 rg BT 518.46 556.25 Td (other ) Tj ET Q q 0 0 0 rg BT 541.23 556.25 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 544.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 62.46 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 80.27 544.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 119.73 544.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 154.19 544.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 177.56 544.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 211.46 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.16 544.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 265.94 544.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 310.97 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.66 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.25 544.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 372.72 544.25 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 418.02 544.25 Td (if ) Tj ET Q q 0 0 0 rg BT 427.49 544.25 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 474.45 544.25 Td (which ) Tj ET Q q 0 0 0 rg BT 502.25 544.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 524.50 544.25 Td (be ) Tj ET Q q 0 0 0 rg BT 537.31 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 552.89 544.25 Td (sole ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 532.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 99.94 532.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.77 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.94 532.25 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 172.42 532.25 Td (Participant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 514.25 Td (The ) Tj ET Q q 0 0 0 rg BT 61.09 514.25 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 86.70 514.25 Td (through ) Tj ET Q q 0 0 0 rg BT 120.36 514.25 Td (NSCC, ) Tj ET Q q 0 0 0 rg BT 151.53 514.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 179.62 514.25 Td (available ) Tj ET Q q 0 0 0 rg BT 218.25 514.25 Td (on ) Tj ET Q q 0 0 0 rg BT 230.80 514.25 Td (each ) Tj ET Q q 0 0 0 rg BT 251.66 514.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 289.77 514.25 Td (Day) Tj ET Q q 0 0 0 rg BT 305.78 514.25 Td (, ) Tj ET Q q 0 0 0 rg BT 310.83 514.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 332.81 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 343.14 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.90 514.25 Td (opening ) Tj ET Q q 0 0 0 rg BT 392.66 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.54 514.25 Td (business ) Tj ET Q q 0 0 0 rg BT 439.98 514.25 Td (on ) Tj ET Q q 0 0 0 rg BT 452.52 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.29 514.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 509.26 514.25 Td (\(currently ) Tj ET Q q 0 0 0 rg BT 551.23 514.25 Td (9:30 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 502.25 Td (a.m., ) Tj ET Q q 0 0 0 rg BT 64.50 502.25 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 96.15 502.25 Td (T) Tj ET Q q 0 0 0 rg BT 101.90 502.25 Td (ime\), ) Tj ET Q q 0 0 0 rg BT 124.52 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.52 502.25 Td (list ) Tj ET Q q 0 0 0 rg BT 152.53 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 162.65 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.66 502.25 Td (names ) Tj ET Q q 0 0 0 rg BT 203.99 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.21 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.22 502.25 Td (required ) Tj ET Q q 0 0 0 rg BT 269.32 502.25 Td (number ) Tj ET Q q 0 0 0 rg BT 301.66 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.77 502.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 338.55 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.67 502.25 Td (each ) Tj ET Q q 0 0 0 rg BT 368.77 502.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 401.67 502.25 Td (Security ) Tj ET Q q 0 0 0 rg BT 436.78 502.25 Td (or ) Tj ET Q q 0 0 0 rg BT 446.89 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 460.90 502.25 Td (required ) Tj ET Q q 0 0 0 rg BT 496.00 502.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 527.78 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 537.90 502.25 Td (Deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 490.25 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 68.25 490.25 Td (as ) Tj ET Q q 0 0 0 rg BT 79.34 490.25 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 125.68 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.21 490.25 Td (be ) Tj ET Q q 0 0 0 rg BT 148.41 490.25 Td (included ) Tj ET Q q 0 0 0 rg BT 185.59 490.25 Td (in ) Tj ET Q q 0 0 0 rg BT 196.13 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.10 490.25 Td (current ) Tj ET Q q 0 0 0 rg BT 242.17 490.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 265.48 490.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 299.34 490.25 Td (\(based ) Tj ET Q q 0 0 0 rg BT 328.20 490.25 Td (on ) Tj ET Q q 0 0 0 rg BT 340.95 490.25 Td (information ) Tj ET Q q 0 0 0 rg BT 390.92 490.25 Td (at ) Tj ET Q q 0 0 0 rg BT 400.89 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.86 490.25 Td (end ) Tj ET Q q 0 0 0 rg BT 433.05 490.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.13 490.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.10 490.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 496.30 490.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 534.61 490.25 Td (Day\) ) Tj ET Q q 0 0 0 rg BT 557.36 490.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 57.37 478.25 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 82.59 478.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 104.75 478.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 127.47 478.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 160.73 478.25 Td (is ) Tj ET Q q 0 0 0 rg BT 169.56 478.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 200.04 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 209.98 478.25 Td (any ) Tj ET Q q 0 0 0 rg BT 226.58 478.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 269.82 478.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 319.75 478.25 Td (as ) Tj ET Q q 0 0 0 rg BT 330.24 478.25 Td (described ) Tj ET Q q 0 0 0 rg BT 370.71 478.25 Td (below) Tj ET Q q 0 0 0 rg BT 394.50 478.25 Td (, ) Tj ET Q q 0 0 0 rg BT 399.16 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.09 478.25 Td (ef) Tj ET Q q 0 0 0 rg BT 416.68 478.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 433.82 478.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 475.41 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 485.90 478.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 522.49 478.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 546.32 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 556.80 478.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 466.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 64.98 466.25 Td (until ) Tj ET Q q 0 0 0 rg BT 84.73 466.25 Td (such ) Tj ET Q q 0 0 0 rg BT 104.48 466.25 Td (time ) Tj ET Q q 0 0 0 rg BT 123.67 466.25 Td (as ) Tj ET Q q 0 0 0 rg BT 133.42 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.05 466.25 Td (next-announced ) Tj ET Q q 0 0 0 rg BT 212.33 466.25 Td (composition ) Tj ET Q q 0 0 0 rg BT 263.19 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.94 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.57 466.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 319.10 466.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 359.95 466.25 Td (or ) Tj ET Q q 0 0 0 rg BT 369.70 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.33 466.25 Td (required ) Tj ET Q q 0 0 0 rg BT 418.07 466.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 449.48 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.23 466.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 491.75 466.25 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 515.67 466.25 Td (as ) Tj ET Q q 0 0 0 rg BT 525.42 466.25 Td (applicable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 454.25 Td (is ) Tj ET Q q 0 0 0 rg BT 52.17 454.25 Td (made ) Tj ET Q q 0 0 0 rg BT 76.33 454.25 Td (available.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 436.25 Td (The ) Tj ET Q q 0 0 0 rg BT 60.52 436.25 Td (identity ) Tj ET Q q 0 0 0 rg BT 93.04 436.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.45 436.25 Td (number ) Tj ET Q q 0 0 0 rg BT 141.97 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.27 436.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 180.90 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.21 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.39 436.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 238.47 436.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 279.88 436.25 Td (or ) Tj ET Q q 0 0 0 rg BT 290.18 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.37 436.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 336.34 436.25 Td (of ) Tj ET Q q 0 0 0 rg BT 346.64 436.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 379.72 436.25 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 404.19 436.25 Td (as ) Tj ET Q q 0 0 0 rg BT 414.49 436.25 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 460.05 436.25 Td (required ) Tj ET Q q 0 0 0 rg BT 495.34 436.25 Td (for ) Tj ET Q q 0 0 0 rg BT 508.97 436.25 Td (a ) Tj ET Q q 0 0 0 rg BT 515.38 436.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 537.92 436.25 Td (Deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 424.25 Td (for ) Tj ET Q q 0 0 0 rg BT 56.86 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 71.27 424.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 94.03 424.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 128.43 424.25 Td (as ) Tj ET Q q 0 0 0 rg BT 138.96 424.25 Td (rebalancing ) Tj ET Q q 0 0 0 rg BT 187.80 424.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 237.77 424.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.41 424.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 294.36 424.25 Td (action ) Tj ET Q q 0 0 0 rg BT 320.99 424.25 Td (events ) Tj ET Q q 0 0 0 rg BT 348.73 424.25 Td (are ) Tj ET Q q 0 0 0 rg BT 363.14 424.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 400.30 424.25 Td (from ) Tj ET Q q 0 0 0 rg BT 421.94 424.25 Td (time ) Tj ET Q q 0 0 0 rg BT 441.91 424.25 Td (to ) Tj ET Q q 0 0 0 rg BT 451.89 424.25 Td (time ) Tj ET Q q 0 0 0 rg BT 471.86 424.25 Td (by ) Tj ET Q q 0 0 0 rg BT 484.05 424.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.47 424.25 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 551.22 424.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 412.25 Td (a ) Tj ET Q q 0 0 0 rg BT 49.44 412.25 Td (view ) Tj ET Q q 0 0 0 rg BT 70.89 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 80.67 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.89 412.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 140.78 412.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 179.43 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.77 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.99 412.25 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 228.91 412.25 Td (The ) Tj ET Q q 0 0 0 rg BT 246.46 412.25 Td (composition ) Tj ET Q q 0 0 0 rg BT 297.91 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.24 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.46 412.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 355.57 412.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 397.01 412.25 Td (may ) Tj ET Q q 0 0 0 rg BT 416.23 412.25 Td (also ) Tj ET Q q 0 0 0 rg BT 434.35 412.25 Td (change ) Tj ET Q q 0 0 0 rg BT 464.67 412.25 Td (in ) Tj ET Q q 0 0 0 rg BT 474.45 412.25 Td (response ) Tj ET Q q 0 0 0 rg BT 511.44 412.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.23 412.25 Td (adjustments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 400.25 Td (to ) Tj ET Q q 0 0 0 rg BT 53.28 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 68.00 400.25 Td (weighting ) Tj ET Q q 0 0 0 rg BT 110.49 400.25 Td (or ) Tj ET Q q 0 0 0 rg BT 121.32 400.25 Td (composition ) Tj ET Q q 0 0 0 rg BT 173.26 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.09 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.81 400.25 Td (component ) Tj ET Q q 0 0 0 rg BT 245.74 400.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 286.01 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.84 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.55 400.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 334.89 400.25 Td (s ) Tj ET Q q 0 0 0 rg BT 341.29 400.25 Td (Index. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 382.25 Td (The ) Tj ET Q q 0 0 0 rg BT 60.37 382.25 Td (T) Tj ET Q q 0 0 0 rg BT 66.12 382.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 83.08 382.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 117.80 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.98 382.25 Td (right ) Tj ET Q q 0 0 0 rg BT 152.83 382.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.57 382.25 Td (permit ) Tj ET Q q 0 0 0 rg BT 190.63 382.25 Td (or ) Tj ET Q q 0 0 0 rg BT 200.92 382.25 Td (require ) Tj ET Q q 0 0 0 rg BT 231.20 382.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.37 382.25 Td (substitution ) Tj ET Q q 0 0 0 rg BT 294.01 382.25 Td (of ) Tj ET Q q 0 0 0 rg BT 304.30 382.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 337.37 382.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 359.33 382.25 Td (to ) Tj ET Q q 0 0 0 rg BT 369.07 382.25 Td (replace ) Tj ET Q q 0 0 0 rg BT 399.89 382.25 Td (any ) Tj ET Q q 0 0 0 rg BT 416.29 382.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 449.36 382.25 Td (Security) Tj ET Q q 0 0 0 rg BT 482.03 382.25 Td (, ) Tj ET Q q 0 0 0 rg BT 486.49 382.25 Td (which ) Tj ET Q q 0 0 0 rg BT 512.89 382.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 533.74 382.25 Td (be ) Tj ET Q q 0 0 0 rg BT 545.14 382.25 Td (added ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 53.11 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 67.66 370.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 90.00 370.25 Td (Component, ) Tj ET Q q 0 0 0 rg BT 141.50 370.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 184.10 370.25 Td (without ) Tj ET Q q 0 0 0 rg BT 216.99 370.25 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 260.71 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 270.83 370.25 Td (situations ) Tj ET Q q 0 0 0 rg BT 311.50 370.25 Td (where ) Tj ET Q q 0 0 0 rg BT 338.26 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.81 370.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 386.25 370.25 Td (Security: ) Tj ET Q q 0 0 0 rg BT 424.69 370.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 436.46 370.25 Td (may ) Tj ET Q q 0 0 0 rg BT 456.01 370.25 Td (not ) Tj ET Q q 0 0 0 rg BT 471.13 370.25 Td (be ) Tj ET Q q 0 0 0 rg BT 482.90 370.25 Td (available ) Tj ET Q q 0 0 0 rg BT 521.32 370.25 Td (in ) Tj ET Q q 0 0 0 rg BT 531.43 370.25 Td (suf) Tj ET Q q 0 0 0 rg BT 543.47 370.25 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 358.25 Td (quantity ) Tj ET Q q 0 0 0 rg BT 77.61 358.25 Td (for ) Tj ET Q q 0 0 0 rg BT 91.11 358.25 Td (delivery; ) Tj ET Q q 0 0 0 rg BT 128.48 358.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 142.54 358.25 Td (may ) Tj ET Q q 0 0 0 rg BT 161.59 358.25 Td (not ) Tj ET Q q 0 0 0 rg BT 176.20 358.25 Td (be ) Tj ET Q q 0 0 0 rg BT 187.48 358.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 219.30 358.25 Td (for ) Tj ET Q q 0 0 0 rg BT 232.80 358.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 265.17 358.25 Td (through ) Tj ET Q q 0 0 0 rg BT 298.12 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.17 358.25 Td (systems ) Tj ET Q q 0 0 0 rg BT 345.68 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.84 358.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 377.68 358.25 Td (for ) Tj ET Q q 0 0 0 rg BT 391.17 358.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 430.76 358.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 470.36 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.64 358.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 528.46 358.25 Td (securities; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 346.25 Td (\(iii\)may ) Tj ET Q q 0 0 0 rg BT 80.20 346.25 Td (not ) Tj ET Q q 0 0 0 rg BT 95.47 346.25 Td (be ) Tj ET Q q 0 0 0 rg BT 107.40 346.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 139.88 346.25 Td (for ) Tj ET Q q 0 0 0 rg BT 154.03 346.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 184.84 346.25 Td (by ) Tj ET Q q 0 0 0 rg BT 197.33 346.25 Td (an ) Tj ET Q q 0 0 0 rg BT 208.71 346.25 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 256.18 346.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 301.99 346.25 Td (or ) Tj ET Q q 0 0 0 rg BT 312.81 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.52 346.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 362.22 346.25 Td (for ) Tj ET Q q 0 0 0 rg BT 376.37 346.25 Td (which ) Tj ET Q q 0 0 0 rg BT 403.30 346.25 Td (it ) Tj ET Q q 0 0 0 rg BT 411.35 346.25 Td (is ) Tj ET Q q 0 0 0 rg BT 420.50 346.25 Td (acting; ) Tj ET Q q 0 0 0 rg BT 450.21 346.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 467.13 346.25 Td (would ) Tj ET Q q 0 0 0 rg BT 494.62 346.25 Td (be ) Tj ET Q q 0 0 0 rg BT 506.55 346.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 546.24 346.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 57.86 334.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 98.28 334.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 119.25 334.25 Td (or ) Tj ET Q q 0 0 0 rg BT 130.23 334.25 Td (where ) Tj ET Q q 0 0 0 rg BT 157.31 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.17 334.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 207.59 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.56 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.43 334.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 267.18 334.25 Td (Security ) Tj ET Q q 0 0 0 rg BT 303.16 334.25 Td (to ) Tj ET Q q 0 0 0 rg BT 313.58 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.86 334.25 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 375.50 334.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 421.47 334.25 Td (would ) Tj ET Q q 0 0 0 rg BT 449.11 334.25 Td (result ) Tj ET Q q 0 0 0 rg BT 473.98 334.25 Td (in ) Tj ET Q q 0 0 0 rg BT 484.40 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.27 334.25 Td (disposition ) Tj ET Q q 0 0 0 rg BT 545.81 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 556.79 334.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 322.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 78.08 322.25 Td (Security ) Tj ET Q q 0 0 0 rg BT 115.38 322.25 Td (by ) Tj ET Q q 0 0 0 rg BT 129.36 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.67 322.25 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 193.63 322.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 240.93 322.25 Td (becoming ) Tj ET Q q 0 0 0 rg BT 284.34 322.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 325.52 322.25 Td (under ) Tj ET Q q 0 0 0 rg BT 352.26 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.45 322.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 410.19 322.25 Td (laws; ) Tj ET Q q 0 0 0 rg BT 435.27 322.25 Td (or ) Tj ET Q q 0 0 0 rg BT 447.58 322.25 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 463.21 322.25 Td (in ) Tj ET Q q 0 0 0 rg BT 474.97 322.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 506.14 322.25 Td (other ) Tj ET Q q 0 0 0 rg BT 530.67 322.25 Td (situations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 310.25 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 92.33 310.25 Td (, ) Tj ET Q q 0 0 0 rg BT 96.47 310.25 Td (custom ) Tj ET Q q 0 0 0 rg BT 131.45 310.25 Td (orders\). ) Tj ET Q q 0 0 0 rg BT 168.23 310.25 Td (The ) Tj ET Q q 0 0 0 rg BT 185.31 310.25 Td (T) Tj ET Q q 0 0 0 rg BT 191.07 310.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 207.72 310.25 Td (also ) Tj ET Q q 0 0 0 rg BT 225.47 310.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 259.88 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.74 310.25 Td (right ) Tj ET Q q 0 0 0 rg BT 294.28 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.70 310.25 Td (include ) Tj ET Q q 0 0 0 rg BT 334.79 310.25 Td (or ) Tj ET Q q 0 0 0 rg BT 344.76 310.25 Td (remove ) Tj ET Q q 0 0 0 rg BT 376.40 310.25 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 409.15 310.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 450.23 310.25 Td (from ) Tj ET Q q 0 0 0 rg BT 471.32 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.19 310.25 Td (basket ) Tj ET Q q 0 0 0 rg BT 512.38 310.25 Td (in ) Tj ET Q q 0 0 0 rg BT 521.81 310.25 Td (anticipation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 55.08 298.25 Td (Index ) Tj ET Q q 0 0 0 rg BT 81.60 298.25 Td (rebalancing ) Tj ET Q q 0 0 0 rg BT 132.00 298.25 Td (changes. ) Tj ET Q q 0 0 0 rg BT 170.19 298.25 Td (The ) Tj ET Q q 0 0 0 rg BT 189.48 298.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 241.01 298.25 Td (described ) Tj ET Q q 0 0 0 rg BT 283.08 298.25 Td (above ) Tj ET Q q 0 0 0 rg BT 310.71 298.25 Td (will ) Tj ET Q q 0 0 0 rg BT 330.02 298.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 359.30 298.25 Td (changes, ) Tj ET Q q 0 0 0 rg BT 397.76 298.25 Td (known ) Tj ET Q q 0 0 0 rg BT 428.73 298.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.27 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.23 298.25 Td (Sub-Adviser ) Tj ET Q q 0 0 0 rg BT 510.54 298.25 Td (on ) Tj ET Q q 0 0 0 rg BT 524.29 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 540.26 298.25 Td (date ) Tj ET Q q 0 0 0 rg BT 560.67 298.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 286.25 Td (announcement ) Tj ET Q q 0 0 0 rg BT 103.99 286.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.45 286.25 Td (be ) Tj ET Q q 0 0 0 rg BT 126.56 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 137.02 286.25 Td (ef) Tj ET Q q 0 0 0 rg BT 144.61 286.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 162.27 286.25 Td (by ) Tj ET Q q 0 0 0 rg BT 174.95 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.84 286.25 Td (time ) Tj ET Q q 0 0 0 rg BT 210.29 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.30 286.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 256.75 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.75 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.65 286.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 305.89 286.25 Td (Deposit, ) Tj ET Q q 0 0 0 rg BT 342.17 286.25 Td (in ) Tj ET Q q 0 0 0 rg BT 352.63 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.53 286.25 Td (composition ) Tj ET Q q 0 0 0 rg BT 419.65 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 430.66 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.55 286.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 476.55 286.25 Td (Index ) Tj ET Q q 0 0 0 rg BT 502.00 286.25 Td (being ) Tj ET Q q 0 0 0 rg BT 526.90 286.25 Td (tracked ) Tj ET Q q 0 0 0 rg BT 559.00 286.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 57.72 274.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 80.78 274.25 Td (or ) Tj ET Q q 0 0 0 rg BT 91.61 274.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 129.10 274.25 Td (from ) Tj ET Q q 0 0 0 rg BT 151.04 274.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 180.74 274.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 221.00 274.25 Td (actions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 256.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 53.37 256.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 82.62 256.25 Td (es ) Tj ET Q q 0 0 0 rg BT 93.67 256.25 Td (for) Tj ET Q q 0 0 0 rg BT 106.26 256.25 Td ( ) Tj ET Q q 0 0 0 rg BT 108.98 256.25 Td (Pur) Tj ET Q q 0 0 0 rg BT 124.91 256.25 Td (chase ) Tj ET Q q 0 0 0 rg BT 150.96 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 162.01 256.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 173.49 256.25 Td (eation ) Tj ET Q q 0 0 0 rg BT 202.32 256.25 Td (Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.10 256.25 Td (. ) Tj ET Q q 0 0 0 rg BT 230.12 256.25 Td (T) Tj ET Q q 0 0 0 rg BT 235.53 256.25 Td (o ) Tj ET Q q 0 0 0 rg BT 243.25 256.25 Td (be ) Tj ET Q q 0 0 0 rg BT 255.41 256.25 Td (eligible ) Tj ET Q q 0 0 0 rg BT 288.12 256.25 Td (to ) Tj ET Q q 0 0 0 rg BT 298.62 256.25 Td (place ) Tj ET Q q 0 0 0 rg BT 322.43 256.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 350.14 256.25 Td (with ) Tj ET Q q 0 0 0 rg BT 370.64 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 385.58 256.25 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 432.18 256.25 Td (to ) Tj ET Q q 0 0 0 rg BT 442.68 256.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 480.94 256.25 Td (a ) Tj ET Q q 0 0 0 rg BT 488.10 256.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 525.25 256.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 545.75 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 556.80 256.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 244.25 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 69.74 244.25 Td (an ) Tj ET Q q 0 0 0 rg BT 82.86 244.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 109.32 244.25 Td (must ) Tj ET Q q 0 0 0 rg BT 132.44 244.25 Td (be ) Tj ET Q q 0 0 0 rg BT 145.56 244.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 158.68 244.25 Td (a ) Tj ET Q q 0 0 0 rg BT 166.80 244.25 Td (Participating ) Tj ET Q q 0 0 0 rg BT 226.02 244.25 Td (Party ) Tj ET Q q 0 0 0 rg BT 255.25 244.25 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 258.58 244.25 Td (i.e.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.79 244.25 Td (, ) Tj ET Q q 0 0 0 rg BT 276.97 244.25 Td (a ) Tj ET Q q 0 0 0 rg BT 285.09 244.25 Td (broker) Tj ET Q q 0 0 0 rg BT 310.99 244.25 Td (-dealer ) Tj ET Q q 0 0 0 rg BT 342.43 244.25 Td (or ) Tj ET Q q 0 0 0 rg BT 354.44 244.25 Td (other ) Tj ET Q q 0 0 0 rg BT 378.67 244.25 Td (participant ) Tj ET Q q 0 0 0 rg BT 425.10 244.25 Td (in ) Tj ET Q q 0 0 0 rg BT 436.56 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 452.46 244.25 Td (clearing ) Tj ET Q q 0 0 0 rg BT 488.34 244.25 Td (process ) Tj ET Q q 0 0 0 rg BT 522.01 244.25 Td (through ) Tj ET Q q 0 0 0 rg BT 556.80 244.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 232.25 Td (Continuous ) Tj ET Q q 0 0 0 rg BT 91.29 232.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 107.89 232.25 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 152.83 232.25 Td (System ) Tj ET Q q 0 0 0 rg BT 184.45 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.94 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.33 232.25 Td (NSCC ) Tj ET Q q 0 0 0 rg BT 237.62 232.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 255.33 232.25 Td (Clearing ) Tj ET Q q 0 0 0 rg BT 296.37 232.25 Td (Process\)\), ) Tj ET Q q 0 0 0 rg BT 342.69 232.25 Td (a ) Tj ET Q q 0 0 0 rg BT 349.30 232.25 Td (clearing ) Tj ET Q q 0 0 0 rg BT 383.67 232.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 414.15 232.25 Td (that ) Tj ET Q q 0 0 0 rg BT 431.32 232.25 Td (is ) Tj ET Q q 0 0 0 rg BT 440.15 232.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 481.75 232.25 Td (with ) Tj ET Q q 0 0 0 rg BT 501.69 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.08 232.25 Td (SEC; ) Tj ET Q q 0 0 0 rg BT 539.36 232.25 Td (or ) Tj ET Q q 0 0 0 rg BT 549.86 232.25 Td (\(ii\)a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 220.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 65.93 220.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 112.17 220.25 Td (\(see ) Tj ET Q q 0 0 0 rg BT 131.20 220.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 135.63916015625 218.9169921875 m 237.755859375 218.9169921875 l s q 0 0 0 rg BT 135.64 220.25 Td (Book ) Tj ET Q q 0 0 0 rg BT 160.24 220.25 Td (Entry ) Tj ET Q q 0 0 0 rg BT 185.38 220.25 Td (Only ) Tj ET Q q 0 0 0 rg BT 208.31 220.25 Td (System) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.76 220.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 250.95 220.25 Td (In ) Tj ET Q q 0 0 0 rg BT 262.21 220.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 300.41 220.25 Td (each ) Tj ET Q q 0 0 0 rg BT 321.65 220.25 Td (Participating ) Tj ET Q q 0 0 0 rg BT 375.68 220.25 Td (Party ) Tj ET Q q 0 0 0 rg BT 399.71 220.25 Td (or ) Tj ET Q q 0 0 0 rg BT 410.97 220.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 433.90 220.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 480.15 220.25 Td (\(each, ) Tj ET Q q 0 0 0 rg BT 507.22 220.25 Td (an ) Tj ET Q q 0 0 0 rg BT 519.58 220.25 Td (Authorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 208.25 Td (Participant\) ) Tj ET Q q 0 0 0 rg BT 97.33 208.25 Td (must ) Tj ET Q q 0 0 0 rg BT 120.02 208.25 Td (execute ) Tj ET Q q 0 0 0 rg BT 153.79 208.25 Td (a ) Tj ET Q q 0 0 0 rg BT 161.47 208.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 207.32 208.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 254.98 208.25 Td (that ) Tj ET Q q 0 0 0 rg BT 273.22 208.25 Td (has ) Tj ET Q q 0 0 0 rg BT 289.79 208.25 Td (been ) Tj ET Q q 0 0 0 rg BT 311.91 208.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 341.80 208.25 Td (to ) Tj ET Q q 0 0 0 rg BT 352.82 208.25 Td (by ) Tj ET Q q 0 0 0 rg BT 366.06 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.52 208.25 Td (Distributor) Tj ET Q q 0 0 0 rg BT 425.00 208.25 Td (, ) Tj ET Q q 0 0 0 rg BT 430.74 208.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.42 208.25 Td (that ) Tj ET Q q 0 0 0 rg BT 466.66 208.25 Td (has ) Tj ET Q q 0 0 0 rg BT 483.23 208.25 Td (been ) Tj ET Q q 0 0 0 rg BT 505.35 208.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 543.56 208.25 Td (by ) Tj ET Q q 0 0 0 rg BT 556.80 208.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 196.25 Td (T) Tj ET Q q 0 0 0 rg BT 48.76 196.25 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 78.25 196.25 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 107.41 196.25 Td (with ) Tj ET Q q 0 0 0 rg BT 127.41 196.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 157.94 196.25 Td (to ) Tj ET Q q 0 0 0 rg BT 167.94 196.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 209.59 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.25 196.25 Td (redemptions ) Tj ET Q q 0 0 0 rg BT 277.91 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 288.46 196.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 325.12 196.25 Td (Units. ) Tj ET Q q 0 0 0 rg BT 351.51 196.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 373.23 196.25 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 420.43 196.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 465.97 196.25 Td (will ) Tj ET Q q 0 0 0 rg BT 483.75 196.25 Td (agree, ) Tj ET Q q 0 0 0 rg BT 510.12 196.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 546.78 196.25 Td (to ) Tj ET Q q 0 0 0 rg BT 556.78 196.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 184.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 67.73 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 78.58 184.25 Td (a ) Tj ET Q q 0 0 0 rg BT 85.53 184.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 130.81 184.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 180.25 184.25 Td (on ) Tj ET Q q 0 0 0 rg BT 192.76 184.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 220.26 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.11 184.25 Td (itself ) Tj ET Q q 0 0 0 rg BT 253.62 184.25 Td (or ) Tj ET Q q 0 0 0 rg BT 264.46 184.25 Td (any ) Tj ET Q q 0 0 0 rg BT 281.41 184.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 316.15 184.25 Td (on ) Tj ET Q q 0 0 0 rg BT 328.66 184.25 Td (whose ) Tj ET Q q 0 0 0 rg BT 356.73 184.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 384.23 184.25 Td (it ) Tj ET Q q 0 0 0 rg BT 392.30 184.25 Td (will ) Tj ET Q q 0 0 0 rg BT 410.37 184.25 Td (act, ) Tj ET Q q 0 0 0 rg BT 427.04 184.25 Td (to ) Tj ET Q q 0 0 0 rg BT 437.33 184.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 467.05 184.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 513.73 184.25 Td (including ) Tj ET Q q 0 0 0 rg BT 554.02 184.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 172.25 Td (it ) Tj ET Q q 0 0 0 rg BT 50.85 172.25 Td (will ) Tj ET Q q 0 0 0 rg BT 68.70 172.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 85.43 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.51 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.85 172.25 Td (T) Tj ET Q q 0 0 0 rg BT 115.61 172.25 Td (rust, ) Tj ET Q q 0 0 0 rg BT 135.40 172.25 Td (an ) Tj ET Q q 0 0 0 rg BT 147.13 172.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 179.42 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.05 172.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 210.11 172.25 Td (suf) Tj ET Q q 0 0 0 rg BT 222.15 172.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 249.99 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 260.06 172.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 276.79 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.30 172.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 313.60 172.25 Td (Component ) Tj ET Q q 0 0 0 rg BT 362.55 172.25 Td (together ) Tj ET Q q 0 0 0 rg BT 397.61 172.25 Td (with ) Tj ET Q q 0 0 0 rg BT 417.68 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.20 172.25 Td (creation ) Tj ET Q q 0 0 0 rg BT 466.69 172.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 512.86 172.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 527.36 172.25 Td (\(described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 160.25 Td (below\), ) Tj ET Q q 0 0 0 rg BT 75.77 160.25 Td (if ) Tj ET Q q 0 0 0 rg BT 84.38 160.25 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 130.47 160.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.40 160.25 Td (any ) Tj ET Q q 0 0 0 rg BT 164.34 160.25 Td (other ) Tj ET Q q 0 0 0 rg BT 187.39 160.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 230.98 160.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 249.58 160.25 Td (and ) Tj ET Q q 0 0 0 rg BT 266.52 160.25 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 292.06 160.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 142.25 Td (All ) Tj ET Q q 0 0 0 rg BT 58.63 142.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 86.47 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 97.09 142.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 135.48 142.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 164.99 142.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 198.38 142.25 Td (from ) Tj ET Q q 0 0 0 rg BT 220.67 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.73 142.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 259.15 142.25 Td (must ) Tj ET Q q 0 0 0 rg BT 281.44 142.25 Td (be ) Tj ET Q q 0 0 0 rg BT 293.73 142.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 322.67 142.25 Td (for ) Tj ET Q q 0 0 0 rg BT 337.18 142.25 Td (one ) Tj ET Q q 0 0 0 rg BT 354.47 142.25 Td (or ) Tj ET Q q 0 0 0 rg BT 365.65 142.25 Td (more ) Tj ET Q q 0 0 0 rg BT 389.04 142.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 426.33 142.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 450.85 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 468.13 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 478.76 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.83 142.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 526.66 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 543.95 142.25 Td (by ) Tj ET Q q 0 0 0 rg BT 556.80 142.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 130.25 Td (time ) Tj ET Q q 0 0 0 rg BT 63.40 130.25 Td (set ) Tj ET Q q 0 0 0 rg BT 77.14 130.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 99.21 130.25 Td (in ) Tj ET Q q 0 0 0 rg BT 109.61 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.46 130.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 169.83 130.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 216.88 130.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 245.05 130.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 288.77 130.25 Td (order ) Tj ET Q q 0 0 0 rg BT 312.50 130.25 Td (form. ) Tj ET Q q 0 0 0 rg BT 336.88 130.25 Td (The ) Tj ET Q q 0 0 0 rg BT 355.05 130.25 Td (order ) Tj ET Q q 0 0 0 rg BT 378.78 130.25 Td (cut-of) Tj ET Q q 0 0 0 rg BT 402.47 130.25 Td (f ) Tj ET Q q 0 0 0 rg BT 408.43 130.25 Td (time ) Tj ET Q q 0 0 0 rg BT 428.83 130.25 Td (for ) Tj ET Q q 0 0 0 rg BT 443.12 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.97 130.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 481.16 130.25 Td (for ) Tj ET Q q 0 0 0 rg BT 495.45 130.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 523.06 130.25 Td (to ) Tj ET Q q 0 0 0 rg BT 533.47 130.25 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 118.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 79.72 118.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 103.68 118.25 Td (is ) Tj ET Q q 0 0 0 rg BT 112.64 118.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 150.46 118.25 Td (to ) Tj ET Q q 0 0 0 rg BT 160.52 118.25 Td (be ) Tj ET Q q 0 0 0 rg BT 172.25 118.25 Td (4:00 ) Tj ET Q q 0 0 0 rg BT 192.31 118.25 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 212.38 118.25 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 244.49 118.25 Td (T) Tj ET Q q 0 0 0 rg BT 250.24 118.25 Td (ime, ) Tj ET Q q 0 0 0 rg BT 270.03 118.25 Td (which ) Tj ET Q q 0 0 0 rg BT 296.75 118.25 Td (time ) Tj ET Q q 0 0 0 rg BT 316.81 118.25 Td (may ) Tj ET Q q 0 0 0 rg BT 336.32 118.25 Td (be ) Tj ET Q q 0 0 0 rg BT 348.04 118.25 Td (modified ) Tj ET Q q 0 0 0 rg BT 386.44 118.25 Td (by ) Tj ET Q q 0 0 0 rg BT 398.72 118.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.23 118.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 436.08 118.25 Td (from ) Tj ET Q q 0 0 0 rg BT 457.80 118.25 Td (time-to-time ) Tj ET Q q 0 0 0 rg BT 510.08 118.25 Td (by ) Tj ET Q q 0 0 0 rg BT 522.36 118.25 Td (amendment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 106.25 Td (to ) Tj ET Q q 0 0 0 rg BT 52.89 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 67.23 106.25 Td (Participant ) Tj ET Q q 0 0 0 rg BT 112.20 106.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 158.73 106.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 186.40 106.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 229.60 106.25 Td (order ) Tj ET Q q 0 0 0 rg BT 252.82 106.25 Td (form. ) Tj ET Q q 0 0 0 rg BT 276.87 106.25 Td (In ) Tj ET Q q 0 0 0 rg BT 287.32 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.65 106.25 Td (case ) Tj ET Q q 0 0 0 rg BT 320.97 106.25 Td (of ) Tj ET Q q 0 0 0 rg BT 331.42 106.25 Td (custom ) Tj ET Q q 0 0 0 rg BT 362.42 106.25 Td (orders, ) Tj ET Q q 0 0 0 rg BT 392.03 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.36 106.25 Td (order ) Tj ET Q q 0 0 0 rg BT 429.57 106.25 Td (must ) Tj ET Q q 0 0 0 rg BT 451.14 106.25 Td (be ) Tj ET Q q 0 0 0 rg BT 462.69 106.25 Td (received ) Tj ET Q q 0 0 0 rg BT 498.67 106.25 Td (by ) Tj ET Q q 0 0 0 rg BT 510.78 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.12 106.25 Td (Distributor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 94.25 Td (no ) Tj ET Q q 0 0 0 rg BT 55.31 94.25 Td (later ) Tj ET Q q 0 0 0 rg BT 75.38 94.25 Td (than ) Tj ET Q q 0 0 0 rg BT 94.91 94.25 Td (3:00 ) Tj ET Q q 0 0 0 rg BT 114.99 94.25 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 135.08 94.25 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 167.21 94.25 Td (T) Tj ET Q q 0 0 0 rg BT 172.96 94.25 Td (ime ) Tj ET Q q 0 0 0 rg BT 190.27 94.25 Td (or ) Tj ET Q q 0 0 0 rg BT 200.91 94.25 Td (such ) Tj ET Q q 0 0 0 rg BT 221.54 94.25 Td (earlier ) Tj ET Q q 0 0 0 rg BT 249.39 94.25 Td (time ) Tj ET Q q 0 0 0 rg BT 269.47 94.25 Td (as ) Tj ET Q q 0 0 0 rg BT 280.11 94.25 Td (may ) Tj ET Q q 0 0 0 rg BT 299.63 94.25 Td (be ) Tj ET Q q 0 0 0 rg BT 311.38 94.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 356.45 94.25 Td (by ) Tj ET Q q 0 0 0 rg BT 368.76 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.29 94.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 406.16 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 422.90 94.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 462.43 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 472.00 94.25 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 519.30 94.25 Td (Participants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 82.25 Td (The ) Tj ET Q q 0 0 0 rg BT 61.58 82.25 Td (date ) Tj ET Q q 0 0 0 rg BT 81.27 82.25 Td (on ) Tj ET Q q 0 0 0 rg BT 94.31 82.25 Td (which ) Tj ET Q q 0 0 0 rg BT 121.78 82.25 Td (an ) Tj ET Q q 0 0 0 rg BT 134.25 82.25 Td (order ) Tj ET Q q 0 0 0 rg BT 158.39 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.20 82.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 207.77 82.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 245.24 82.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 269.94 82.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 284.64 82.25 Td (an ) Tj ET Q q 0 0 0 rg BT 297.11 82.25 Td (order ) Tj ET Q q 0 0 0 rg BT 321.24 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 332.06 82.25 Td (redeem ) Tj ET Q q 0 0 0 rg BT 364.52 82.25 Td (Creation ) Tj ET Q q 0 0 0 rg BT 401.98 82.25 Td (Units, ) Tj ET Q q 0 0 0 rg BT 429.19 82.25 Td (as ) Tj ET Q q 0 0 0 rg BT 440.55 82.25 Td (set ) Tj ET Q q 0 0 0 rg BT 454.70 82.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 477.17 82.25 Td (below\) ) Tj ET Q q 0 0 0 rg BT 507.97 82.25 Td (is ) Tj ET Q q 0 0 0 rg BT 517.68 82.25 Td (received ) Tj ET Q q 0 0 0 rg BT 554.57 82.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 70.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 80.47 70.25 Td (is ) Tj ET Q q 0 0 0 rg BT 89.64 70.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 123.78 70.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.05 70.25 Td (as ) Tj ET Q q 0 0 0 rg BT 144.88 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.60 70.25 Td (Order ) Tj ET Q q 0 0 0 rg BT 189.86 70.25 Td (Placement ) Tj ET Q q 0 0 0 rg BT 234.01 70.25 Td (Date. ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (An ) Tj ET Q q 0 0 0 rg BT 57.07 742.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 104.43 742.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 150.12 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 169.71 742.10 Td (require ) Tj ET Q q 0 0 0 rg BT 200.40 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 212.21 742.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 246.80 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.95 742.10 Td (make ) Tj ET Q q 0 0 0 rg BT 280.97 742.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 310.55 742.10 Td (representations ) Tj ET Q q 0 0 0 rg BT 373.45 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 384.15 742.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 406.51 742.10 Td (into ) Tj ET Q q 0 0 0 rg BT 424.44 742.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 472.34 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 492.49 742.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 523.18 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.33 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 547.92 742.10 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 46.33 730.10 Td (e.g.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.77 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 65.73 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 75.97 730.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 108.98 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 123.10 730.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 163.89 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.68 730.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 197.41 730.10 Td (when ) Tj ET Q q 0 0 0 rg BT 221.54 730.10 Td (required\). ) Tj ET Q q 0 0 0 rg BT 263.15 730.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 302.27 730.10 Td (should ) Tj ET Q q 0 0 0 rg BT 331.40 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 343.30 730.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 369.63 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 387.09 730.10 Td (their ) Tj ET Q q 0 0 0 rg BT 407.88 730.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 448.65 730.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 477.21 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 496.89 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 512.13 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 533.47 730.10 Td (executed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 49.82 718.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 95.00 718.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 141.81 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.63 718.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 178.50 718.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 219.47 718.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 246.84 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.01 718.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 294.93 718.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 323.97 718.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 356.89 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 378.71 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.31 718.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 416.26 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.42 718.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 463.24 718.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 487.29 718.10 Td (have ) Tj ET Q q 0 0 0 rg BT 508.55 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.71 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 530.53 718.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 559.01 718.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 56.65 706.10 Td (investor) Tj ET Q q 0 0 0 rg BT 89.24 706.10 Td () Tj ET Q q 0 0 0 rg BT 92.02 706.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.35 706.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 124.88 706.10 Td (through ) Tj ET Q q 0 0 0 rg BT 157.42 706.10 Td (an ) Tj ET Q q 0 0 0 rg BT 167.98 706.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 214.40 706.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 259.16 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 275.59 706.10 Td (has ) Tj ET Q q 0 0 0 rg BT 290.35 706.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 327.32 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 333.20 706.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 377.63 706.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 425.99 706.10 Td (In ) Tj ET Q q 0 0 0 rg BT 435.76 706.10 Td (such ) Tj ET Q q 0 0 0 rg BT 455.53 706.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 478.06 706.10 Td (there ) Tj ET Q q 0 0 0 rg BT 499.48 706.10 Td (may ) Tj ET Q q 0 0 0 rg BT 518.13 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 529.01 706.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (char) Tj ET Q q 0 0 0 rg BT 60.03 694.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 76.13 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 86.69 694.10 Td (such ) Tj ET Q q 0 0 0 rg BT 107.79 694.10 Td (investor) Tj ET Q q 0 0 0 rg BT 139.46 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 144.12 694.10 Td (At ) Tj ET Q q 0 0 0 rg BT 156.90 694.10 Td (any ) Tj ET Q q 0 0 0 rg BT 174.11 694.10 Td (given ) Tj ET Q q 0 0 0 rg BT 199.10 694.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 222.15 694.10 Td (there ) Tj ET Q q 0 0 0 rg BT 244.91 694.10 Td (may ) Tj ET Q q 0 0 0 rg BT 264.91 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 277.12 694.10 Td (only ) Tj ET Q q 0 0 0 rg BT 297.68 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.89 694.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 336.00 694.10 Td (number ) Tj ET Q q 0 0 0 rg BT 369.32 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.42 694.10 Td (broker) Tj ET Q q 0 0 0 rg BT 406.32 694.10 Td (-dealers ) Tj ET Q q 0 0 0 rg BT 440.74 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 458.52 694.10 Td (have ) Tj ET Q q 0 0 0 rg BT 480.17 694.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 518.48 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.69 694.10 Td (Participant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 89.92 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.86 682.10 Td (only ) Tj ET Q q 0 0 0 rg BT 127.14 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.08 682.10 Td (small ) Tj ET Q q 0 0 0 rg BT 158.24 682.10 Td (number ) Tj ET Q q 0 0 0 rg BT 191.29 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.12 682.10 Td (such ) Tj ET Q q 0 0 0 rg BT 222.40 682.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 269.88 682.10 Td (Participants ) Tj ET Q q 0 0 0 rg BT 319.60 682.10 Td (may ) Tj ET Q q 0 0 0 rg BT 339.31 682.10 Td (have ) Tj ET Q q 0 0 0 rg BT 360.69 682.10 Td (international ) Tj ET Q q 0 0 0 rg BT 413.73 682.10 Td (capabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 664.10 Td (On ) Tj ET Q q 0 0 0 rg BT 57.79 664.10 Td (days ) Tj ET Q q 0 0 0 rg BT 78.69 664.10 Td (when ) Tj ET Q q 0 0 0 rg BT 102.91 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.70 664.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 159.69 664.10 Td (closes ) Tj ET Q q 0 0 0 rg BT 186.70 664.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 214.79 664.10 Td (than ) Tj ET Q q 0 0 0 rg BT 234.58 664.10 Td (normal, ) Tj ET Q q 0 0 0 rg BT 267.97 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.76 664.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 305.88 664.10 Td (may ) Tj ET Q q 0 0 0 rg BT 325.67 664.10 Td (require ) Tj ET Q q 0 0 0 rg BT 356.55 664.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 384.11 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.46 664.10 Td (create ) Tj ET Q q 0 0 0 rg BT 420.88 664.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 457.89 664.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 482.12 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.47 664.10 Td (be ) Tj ET Q q 0 0 0 rg BT 504.47 664.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 533.14 664.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 561.24 664.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.09 652.10 Td (day) Tj ET Q q 0 0 0 rg BT 70.88 652.10 Td (. ) Tj ET Q q 0 0 0 rg BT 75.26 652.10 Td (In ) Tj ET Q q 0 0 0 rg BT 85.47 652.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 122.62 652.10 Td (if ) Tj ET Q q 0 0 0 rg BT 130.60 652.10 Td (a ) Tj ET Q q 0 0 0 rg BT 136.92 652.10 Td (market ) Tj ET Q q 0 0 0 rg BT 166.56 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 176.77 652.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 210.30 652.10 Td (on ) Tj ET Q q 0 0 0 rg BT 222.18 652.10 Td (which ) Tj ET Q q 0 0 0 rg BT 248.50 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.59 652.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 285.93 652.10 Td (s ) Tj ET Q q 0 0 0 rg BT 291.70 652.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 341.35 652.10 Td (are ) Tj ET Q q 0 0 0 rg BT 355.43 652.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 394.52 652.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 421.39 652.10 Td (is ) Tj ET Q q 0 0 0 rg BT 429.93 652.10 Td (closed, ) Tj ET Q q 0 0 0 rg BT 459.86 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.95 652.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 496.39 652.10 Td (will ) Tj ET Q q 0 0 0 rg BT 513.83 652.10 Td (also ) Tj ET Q q 0 0 0 rg BT 531.81 652.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 640.10 Td (not ) Tj ET Q q 0 0 0 rg BT 57.90 640.10 Td (accept ) Tj ET Q q 0 0 0 rg BT 85.54 640.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 112.65 640.10 Td (on ) Tj ET Q q 0 0 0 rg BT 124.77 640.10 Td (such ) Tj ET Q q 0 0 0 rg BT 145.21 640.10 Td (day\(s\). ) Tj ET Q q 0 0 0 rg BT 174.82 640.10 Td (Orders ) Tj ET Q q 0 0 0 rg BT 204.15 640.10 Td (must ) Tj ET Q q 0 0 0 rg BT 225.71 640.10 Td (be ) Tj ET Q q 0 0 0 rg BT 237.27 640.10 Td (transmitted ) Tj ET Q q 0 0 0 rg BT 284.38 640.10 Td (by ) Tj ET Q q 0 0 0 rg BT 296.49 640.10 Td (an ) Tj ET Q q 0 0 0 rg BT 307.58 640.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 354.68 640.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 400.12 640.10 Td (by ) Tj ET Q q 0 0 0 rg BT 412.24 640.10 Td (telephone ) Tj ET Q q 0 0 0 rg BT 453.23 640.10 Td (or ) Tj ET Q q 0 0 0 rg BT 463.67 640.10 Td (other ) Tj ET Q q 0 0 0 rg BT 486.34 640.10 Td (transmission ) Tj ET Q q 0 0 0 rg BT 539.01 640.10 Td (method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 628.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 87.12 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.82 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.97 628.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 156.78 628.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 193.15 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 202.85 628.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 248.65 628.10 Td (set ) Tj ET Q q 0 0 0 rg BT 261.68 628.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 283.05 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 292.76 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.90 628.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 351.72 628.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 398.07 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 414.44 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.15 628.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 471.04 628.10 Td (with ) Tj ET Q q 0 0 0 rg BT 490.74 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.89 628.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 547.90 628.10 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 616.10 Td (form. ) Tj ET Q q 0 0 0 rg BT 66.86 616.10 Td (On ) Tj ET Q q 0 0 0 rg BT 81.01 616.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 107.92 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.17 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.31 616.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 157.30 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.44 616.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 217.25 616.10 Td (will ) Tj ET Q q 0 0 0 rg BT 234.73 616.10 Td (notify ) Tj ET Q q 0 0 0 rg BT 260.54 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.68 616.10 Td (Custodian ) Tj ET Q q 0 0 0 rg BT 317.16 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.41 616.10 Td (such ) Tj ET Q q 0 0 0 rg BT 347.67 616.10 Td (order) Tj ET Q q 0 0 0 rg BT 368.21 616.10 Td (. ) Tj ET Q q 0 0 0 rg BT 372.50 616.10 Td (The ) Tj ET Q q 0 0 0 rg BT 389.97 616.10 Td (Custodian ) Tj ET Q q 0 0 0 rg BT 432.45 616.10 Td (will ) Tj ET Q q 0 0 0 rg BT 449.93 616.10 Td (then ) Tj ET Q q 0 0 0 rg BT 469.07 616.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 501.54 616.10 Td (such ) Tj ET Q q 0 0 0 rg BT 521.80 616.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 54.13 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.71 604.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 118.60 604.10 Td (local ) Tj ET Q q 0 0 0 rg BT 141.38 604.10 Td (sub-custodian\(s\). ) Tj ET Q q 0 0 0 rg BT 213.10 604.10 Td (Those ) Tj ET Q q 0 0 0 rg BT 240.89 604.10 Td (placing ) Tj ET Q q 0 0 0 rg BT 273.68 604.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 302.03 604.10 Td (through ) Tj ET Q q 0 0 0 rg BT 336.49 604.10 Td (an ) Tj ET Q q 0 0 0 rg BT 348.54 604.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 396.89 604.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 443.56 604.10 Td (should ) Tj ET Q q 0 0 0 rg BT 473.59 604.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 499.16 604.10 Td (suf) Tj ET Q q 0 0 0 rg BT 511.20 604.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 540.10 604.10 Td (time ) Tj ET Q q 0 0 0 rg BT 561.23 604.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 592.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 72.19 592.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 101.37 592.10 Td (submission ) Tj ET Q q 0 0 0 rg BT 149.46 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.88 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.18 592.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 214.80 592.10 Td (order ) Tj ET Q q 0 0 0 rg BT 238.98 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.84 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.14 592.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 312.11 592.10 Td (by ) Tj ET Q q 0 0 0 rg BT 325.19 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.50 592.10 Td (cut-of) Tj ET Q q 0 0 0 rg BT 364.19 592.10 Td (f ) Tj ET Q q 0 0 0 rg BT 370.60 592.10 Td (time ) Tj ET Q q 0 0 0 rg BT 391.46 592.10 Td (on ) Tj ET Q q 0 0 0 rg BT 404.55 592.10 Td (such ) Tj ET Q q 0 0 0 rg BT 425.96 592.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 464.60 592.10 Td (Day) Tj ET Q q 0 0 0 rg BT 480.61 592.10 Td (. ) Tj ET Q q 0 0 0 rg BT 486.20 592.10 Td (Economic ) Tj ET Q q 0 0 0 rg BT 529.82 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.24 592.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 580.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 89.66 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 100.19 580.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 137.11 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 147.64 580.10 Td (telephone ) Tj ET Q q 0 0 0 rg BT 188.72 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 199.26 580.10 Td (other ) Tj ET Q q 0 0 0 rg BT 222.01 580.10 Td (communication ) Tj ET Q q 0 0 0 rg BT 286.43 580.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 314.73 580.10 Td (may ) Tj ET Q q 0 0 0 rg BT 334.15 580.10 Td (impede ) Tj ET Q q 0 0 0 rg BT 365.79 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.22 580.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 407.98 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 417.96 580.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 441.81 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.24 580.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 502.33 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 512.87 580.10 Td (an ) Tj ET Q q 0 0 0 rg BT 524.03 580.10 Td (Authorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 568.10 Td (Participant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 550.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 66.28 550.10 Td (Deposits ) Tj ET Q q 0 0 0 rg BT 104.01 550.10 Td (must ) Tj ET Q q 0 0 0 rg BT 126.18 550.10 Td (be ) Tj ET Q q 0 0 0 rg BT 138.34 550.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 178.26 550.10 Td (by ) Tj ET Q q 0 0 0 rg BT 190.98 550.10 Td (an ) Tj ET Q q 0 0 0 rg BT 202.54 550.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 250.25 550.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 296.29 550.10 Td (through ) Tj ET Q q 0 0 0 rg BT 330.12 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.06 550.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 377.77 550.10 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 412.70 550.10 Td (System ) Tj ET Q q 0 0 0 rg BT 444.87 550.10 Td (\(for ) Tj ET Q q 0 0 0 rg BT 462.58 550.10 Td (cash\) ) Tj ET Q q 0 0 0 rg BT 486.40 550.10 Td (or ) Tj ET Q q 0 0 0 rg BT 497.46 550.10 Td (through ) Tj ET Q q 0 0 0 rg BT 531.29 550.10 Td (DTC ) Tj ET Q q 0 0 0 rg BT 554.01 550.10 Td (\(for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 538.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 82.73 538.10 Td (securities\), ) Tj ET Q q 0 0 0 rg BT 128.30 538.10 Td (through ) Tj ET Q q 0 0 0 rg BT 161.39 538.10 Td (a ) Tj ET Q q 0 0 0 rg BT 167.80 538.10 Td (subcustody ) Tj ET Q q 0 0 0 rg BT 214.78 538.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 238.42 538.10 Td (\(for ) Tj ET Q q 0 0 0 rg BT 255.38 538.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 286.24 538.10 Td (securities\) ) Tj ET Q q 0 0 0 rg BT 329.31 538.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 356.83 538.10 Td (through ) Tj ET Q q 0 0 0 rg BT 389.92 538.10 Td (such ) Tj ET Q q 0 0 0 rg BT 410.23 538.10 Td (other ) Tj ET Q q 0 0 0 rg BT 432.75 538.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 488.59 538.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 522.22 538.10 Td (by ) Tj ET Q q 0 0 0 rg BT 534.20 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.25 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 554.01 538.10 Td (rust ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 526.10 Td (or ) Tj ET Q q 0 0 0 rg BT 53.23 526.10 Td (its ) Tj ET Q q 0 0 0 rg BT 64.59 526.10 Td (agents. ) Tj ET Q q 0 0 0 rg BT 94.40 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 103.44 526.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 115.90 526.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 146.12 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.80 526.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 186.58 526.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 219.60 526.10 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 263.43 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.55 526.10 Td (Custodian ) Tj ET Q q 0 0 0 rg BT 320.02 526.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 340.81 526.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 364.92 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.04 526.10 Td (subcustodian ) Tj ET Q q 0 0 0 rg BT 433.16 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.39 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.52 526.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 479.98 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.66 526.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 526.56 526.10 Td (an ) Tj ET Q q 0 0 0 rg BT 537.90 526.10 Td (account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 514.10 Td (into ) Tj ET Q q 0 0 0 rg BT 60.57 514.10 Td (which ) Tj ET Q q 0 0 0 rg BT 87.01 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.80 514.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 147.79 514.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 193.12 514.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 214.02 514.10 Td (deliver) Tj ET Q q 0 0 0 rg BT 241.38 514.10 Td (, ) Tj ET Q q 0 0 0 rg BT 245.89 514.10 Td (on ) Tj ET Q q 0 0 0 rg BT 257.90 514.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 284.89 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.23 514.10 Td (itself ) Tj ET Q q 0 0 0 rg BT 317.24 514.10 Td (or ) Tj ET Q q 0 0 0 rg BT 327.58 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.80 514.10 Td (party ) Tj ET Q q 0 0 0 rg BT 364.36 514.10 Td (on ) Tj ET Q q 0 0 0 rg BT 376.37 514.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 403.93 514.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 430.92 514.10 Td (it ) Tj ET Q q 0 0 0 rg BT 438.49 514.10 Td (is ) Tj ET Q q 0 0 0 rg BT 447.17 514.10 Td (acting, ) Tj ET Q q 0 0 0 rg BT 476.11 514.10 Td (such ) Tj ET Q q 0 0 0 rg BT 496.45 514.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 529.57 514.10 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 502.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 57.64 502.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 91.73 502.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 114.72 502.10 Td (for ) Tj ET Q q 0 0 0 rg BT 129.36 502.10 Td (all ) Tj ET Q q 0 0 0 rg BT 142.34 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 153.65 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.07 502.10 Td (part ) Tj ET Q q 0 0 0 rg BT 179.60 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.91 502.10 Td (such ) Tj ET Q q 0 0 0 rg BT 212.22 502.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 255.47 502.10 Td (as ) Tj ET Q q 0 0 0 rg BT 266.78 502.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 308.08 502.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.40 502.10 Td (required\), ) Tj ET Q q 0 0 0 rg BT 361.53 502.10 Td (with ) Tj ET Q q 0 0 0 rg BT 382.29 502.10 Td (any ) Tj ET Q q 0 0 0 rg BT 399.71 502.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 448.22 502.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 498.98 502.10 Td (as ) Tj ET Q q 0 0 0 rg BT 510.29 502.10 Td (advised ) Tj ET Q q 0 0 0 rg BT 543.82 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 556.80 502.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.76 490.10 Td (rust. ) Tj ET Q q 0 0 0 rg BT 68.51 490.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 101.87 490.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 135.23 490.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 176.92 490.10 Td (must ) Tj ET Q q 0 0 0 rg BT 198.62 490.10 Td (be ) Tj ET Q q 0 0 0 rg BT 210.31 490.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 249.76 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.79 490.10 Td (an ) Tj ET Q q 0 0 0 rg BT 271.48 490.10 Td (account ) Tj ET Q q 0 0 0 rg BT 304.83 490.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 351.51 490.10 Td (at ) Tj ET Q q 0 0 0 rg BT 360.98 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.45 490.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 418.79 490.10 Td (local ) Tj ET Q q 0 0 0 rg BT 440.48 490.10 Td (subcustodian. ) Tj ET Q q 0 0 0 rg BT 497.28 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 515.08 490.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 537.90 490.10 Td (Deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 478.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 76.68 478.10 Td (must ) Tj ET Q q 0 0 0 rg BT 99.26 478.10 Td (be ) Tj ET Q q 0 0 0 rg BT 111.84 478.10 Td (ordered ) Tj ET Q q 0 0 0 rg BT 145.52 478.10 Td (by ) Tj ET Q q 0 0 0 rg BT 158.66 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.32 478.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 221.45 478.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 267.91 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.83 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 286.40 478.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 315.10 478.10 Td (fashion ) Tj ET Q q 0 0 0 rg BT 347.67 478.10 Td (so ) Tj ET Q q 0 0 0 rg BT 359.70 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 371.17 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.09 478.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 411.33 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.69 478.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 462.59 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.06 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.42 478.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 526.99 478.10 Td (number ) Tj ET Q q 0 0 0 rg BT 560.68 478.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 466.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 76.72 466.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 118.76 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 129.70 466.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 163.42 466.10 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 188.52 466.10 Td (as ) Tj ET Q q 0 0 0 rg BT 199.46 466.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 245.66 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.05 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.87 466.10 Td (account ) Tj ET Q q 0 0 0 rg BT 304.58 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.52 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.34 466.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 353.51 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 364.45 466.10 Td (its ) Tj ET Q q 0 0 0 rg BT 376.51 466.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 404.66 466.10 Td (by ) Tj ET Q q 0 0 0 rg BT 417.27 466.10 Td (no ) Tj ET Q q 0 0 0 rg BT 429.88 466.10 Td (later ) Tj ET Q q 0 0 0 rg BT 450.25 466.10 Td (than ) Tj ET Q q 0 0 0 rg BT 470.08 466.10 Td (12:00 ) Tj ET Q q 0 0 0 rg BT 495.47 466.10 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 515.85 466.10 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 548.26 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 554.02 466.10 Td (ime ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 454.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 56.30 454.10 Td (such ) Tj ET Q q 0 0 0 rg BT 76.28 454.10 Td (other ) Tj ET Q q 0 0 0 rg BT 98.47 454.10 Td (time ) Tj ET Q q 0 0 0 rg BT 117.89 454.10 Td (as ) Tj ET Q q 0 0 0 rg BT 127.86 454.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 165.60 454.10 Td (by ) Tj ET Q q 0 0 0 rg BT 177.25 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.99 454.10 Td (T) Tj ET Q q 0 0 0 rg BT 196.75 454.10 Td (rust\) ) Tj ET Q q 0 0 0 rg BT 216.72 454.10 Td (on ) Tj ET Q q 0 0 0 rg BT 228.36 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.23 454.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 286.64 454.10 Td (Date. ) Tj ET Q q 0 0 0 rg BT 309.66 454.10 Td (If ) Tj ET Q q 0 0 0 rg BT 317.96 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.83 454.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 354.03 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 364.01 454.10 Td (its ) Tj ET Q q 0 0 0 rg BT 375.10 454.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 402.29 454.10 Td (do ) Tj ET Q q 0 0 0 rg BT 413.94 454.10 Td (not ) Tj ET Q q 0 0 0 rg BT 428.36 454.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 458.87 454.10 Td (all ) Tj ET Q q 0 0 0 rg BT 470.50 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.48 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.34 454.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 527.09 454.10 Td (Securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 53.40 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 67.69 442.10 Td (required ) Tj ET Q q 0 0 0 rg BT 103.07 442.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 136.25 442.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 158.32 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.17 442.10 Td (lieu ) Tj ET Q q 0 0 0 rg BT 185.23 442.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 218.11 442.10 Td (by ) Tj ET Q q 0 0 0 rg BT 230.18 442.10 Td (such ) Tj ET Q q 0 0 0 rg BT 250.58 442.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 272.93 442.10 Td (then ) Tj ET Q q 0 0 0 rg BT 292.21 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.50 442.10 Td (order ) Tj ET Q q 0 0 0 rg BT 329.67 442.10 Td (may ) Tj ET Q q 0 0 0 rg BT 348.95 442.10 Td (be ) Tj ET Q q 0 0 0 rg BT 360.46 442.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 393.62 442.10 Td (rejected ) Tj ET Q q 0 0 0 rg BT 427.33 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.84 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.67 442.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 504.72 442.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 550.11 442.10 Td (shall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 430.10 Td (be ) Tj ET Q q 0 0 0 rg BT 54.71 430.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 79.20 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.25 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.74 430.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 126.57 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 140.50 430.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 169.17 430.10 Td (if ) Tj ET Q q 0 0 0 rg BT 177.55 430.10 Td (any) Tj ET Q q 0 0 0 rg BT 191.34 430.10 Td (, ) Tj ET Q q 0 0 0 rg BT 196.11 430.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 233.38 430.10 Td (therefrom. ) Tj ET Q q 0 0 0 rg BT 277.41 430.10 Td (The ) Tj ET Q q 0 0 0 rg BT 295.23 430.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 344.71 430.10 Td (Date ) Tj ET Q q 0 0 0 rg BT 370.30 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 384.23 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.72 430.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 421.56 430.10 Td (is ) Tj ET Q q 0 0 0 rg BT 430.50 430.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 469.98 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.47 430.10 Td (second ) Tj ET Q q 0 0 0 rg BT 514.51 430.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 552.34 430.10 Td (Day ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 418.10 Td (after ) Tj ET Q q 0 0 0 rg BT 63.84 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.59 418.10 Td (Order ) Tj ET Q q 0 0 0 rg BT 104.44 418.10 Td (Placement ) Tj ET Q q 0 0 0 rg BT 148.62 418.10 Td (Date. ) Tj ET Q q 0 0 0 rg BT 171.97 418.10 Td (All ) Tj ET Q q 0 0 0 rg BT 187.28 418.10 Td (questions ) Tj ET Q q 0 0 0 rg BT 227.58 418.10 Td (as ) Tj ET Q q 0 0 0 rg BT 238.44 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.75 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.50 418.10 Td (number ) Tj ET Q q 0 0 0 rg BT 296.57 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.43 418.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 341.07 418.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 383.03 418.10 Td (or ) Tj ET Q q 0 0 0 rg BT 393.89 418.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 427.53 418.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 450.06 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.37 418.10 Td (be ) Tj ET Q q 0 0 0 rg BT 472.33 418.10 Td (delivered, ) Tj ET Q q 0 0 0 rg BT 514.57 418.10 Td (as ) Tj ET Q q 0 0 0 rg BT 525.43 418.10 Td (applicable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 59.95 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.67 406.10 Td (validity) Tj ET Q q 0 0 0 rg BT 104.57 406.10 Td (, ) Tj ET Q q 0 0 0 rg BT 109.58 406.10 Td (form ) Tj ET Q q 0 0 0 rg BT 131.53 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.47 406.10 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 189.87 406.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 233.48 406.10 Td (time ) Tj ET Q q 0 0 0 rg BT 253.76 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.59 406.10 Td (receipt\) ) Tj ET Q q 0 0 0 rg BT 297.63 406.10 Td (for ) Tj ET Q q 0 0 0 rg BT 311.80 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.53 406.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 357.92 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.76 406.10 Td (any ) Tj ET Q q 0 0 0 rg BT 385.70 406.10 Td (tendered ) Tj ET Q q 0 0 0 rg BT 422.63 406.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 462.90 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 473.74 406.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 496.52 406.10 Td (as ) Tj ET Q q 0 0 0 rg BT 507.36 406.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 553.45 406.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 394.10 Td (be ) Tj ET Q q 0 0 0 rg BT 54.67 394.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 101.88 394.10 Td (by ) Tj ET Q q 0 0 0 rg BT 114.11 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.40 394.10 Td (T) Tj ET Q q 0 0 0 rg BT 134.15 394.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 153.88 394.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 181.67 394.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 239.43 394.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 260.55 394.10 Td (be ) Tj ET Q q 0 0 0 rg BT 272.22 394.10 Td (final ) Tj ET Q q 0 0 0 rg BT 292.77 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.44 394.10 Td (binding. ) Tj ET Q q 0 0 0 rg BT 344.57 394.10 Td (The ) Tj ET Q q 0 0 0 rg BT 362.35 394.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 394.57 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.13 394.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 425.13 394.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 473.45 394.10 Td (by ) Tj ET Q q 0 0 0 rg BT 485.68 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.12 394.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 522.35 394.10 Td (Component ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 382.10 Td (must ) Tj ET Q q 0 0 0 rg BT 65.08 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 77.14 382.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 123.08 382.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 156.25 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.65 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.50 382.10 Td (Custodian ) Tj ET Q q 0 0 0 rg BT 224.69 382.10 Td (through ) Tj ET Q q 0 0 0 rg BT 258.42 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.27 382.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 305.88 382.10 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 340.72 382.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 364.45 382.10 Td (wire ) Tj ET Q q 0 0 0 rg BT 384.85 382.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 418.02 382.10 Td (system ) Tj ET Q q 0 0 0 rg BT 448.42 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 458.83 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.90 382.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 494.08 382.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 526.69 382.10 Td (so ) Tj ET Q q 0 0 0 rg BT 538.21 382.10 Td (as ) Tj ET Q q 0 0 0 rg BT 549.17 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 559.58 382.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 370.10 Td (received ) Tj ET Q q 0 0 0 rg BT 79.48 370.10 Td (by ) Tj ET Q q 0 0 0 rg BT 92.10 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.94 370.10 Td (Custodian ) Tj ET Q q 0 0 0 rg BT 150.11 370.10 Td (no ) Tj ET Q q 0 0 0 rg BT 162.73 370.10 Td (later ) Tj ET Q q 0 0 0 rg BT 183.12 370.10 Td (than ) Tj ET Q q 0 0 0 rg BT 202.95 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.79 370.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 263.18 370.10 Td (Date. ) Tj ET Q q 0 0 0 rg BT 287.17 370.10 Td (If ) Tj ET Q q 0 0 0 rg BT 296.45 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.29 370.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 333.91 370.10 Td (Component ) Tj ET Q q 0 0 0 rg BT 383.20 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.25 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.09 370.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 448.82 370.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 490.87 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 501.82 370.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 535.55 370.10 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 560.67 370.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 358.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 89.07 358.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.75 358.10 Td (not ) Tj ET Q q 0 0 0 rg BT 119.01 358.10 Td (received ) Tj ET Q q 0 0 0 rg BT 155.35 358.10 Td (by ) Tj ET Q q 0 0 0 rg BT 167.83 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.52 358.10 Td (Custodian ) Tj ET Q q 0 0 0 rg BT 225.56 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.81 358.10 Td (a ) Tj ET Q q 0 0 0 rg BT 242.73 358.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 270.76 358.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 303.22 358.10 Td (by ) Tj ET Q q 0 0 0 rg BT 315.70 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.40 358.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 375.64 358.10 Td (Date, ) Tj ET Q q 0 0 0 rg BT 399.50 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.19 358.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 448.87 358.10 Td (order ) Tj ET Q q 0 0 0 rg BT 472.45 358.10 Td (may ) Tj ET Q q 0 0 0 rg BT 492.14 358.10 Td (be ) Tj ET Q q 0 0 0 rg BT 504.06 358.10 Td (cancelled. ) Tj ET Q q 0 0 0 rg BT 546.79 358.10 Td (Upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 346.10 Td (written ) Tj ET Q q 0 0 0 rg BT 73.58 346.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 100.27 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.30 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.78 346.10 Td (Distributor) Tj ET Q q 0 0 0 rg BT 168.26 346.10 Td (, ) Tj ET Q q 0 0 0 rg BT 173.02 346.10 Td (such ) Tj ET Q q 0 0 0 rg BT 193.61 346.10 Td (canceled ) Tj ET Q q 0 0 0 rg BT 230.83 346.10 Td (order ) Tj ET Q q 0 0 0 rg BT 254.19 346.10 Td (may ) Tj ET Q q 0 0 0 rg BT 273.66 346.10 Td (be ) Tj ET Q q 0 0 0 rg BT 285.35 346.10 Td (resubmitted ) Tj ET Q q 0 0 0 rg BT 334.82 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.29 346.10 Td (following ) Tj ET Q q 0 0 0 rg BT 390.44 346.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 428.25 346.10 Td (Day ) Tj ET Q q 0 0 0 rg BT 447.17 346.10 Td (using ) Tj ET Q q 0 0 0 rg BT 471.10 346.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.79 346.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 500.61 346.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 533.97 346.10 Td (as ) Tj ET Q q 0 0 0 rg BT 544.56 346.10 Td (newly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 334.10 Td (constituted ) Tj ET Q q 0 0 0 rg BT 89.38 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.66 334.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 127.69 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.41 334.10 Td (then ) Tj ET Q q 0 0 0 rg BT 162.13 334.10 Td (current ) Tj ET Q q 0 0 0 rg BT 192.94 334.10 Td (NA) Tj ET Q q 0 0 0 rg BT 206.10 334.10 Td (V) Tj ET Q q 0 0 0 rg BT 213.14 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.64 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.47 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.18 334.10 Td (Fund. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 316.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.68 316.10 Td (order ) Tj ET Q q 0 0 0 rg BT 83.92 316.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 104.94 316.10 Td (be ) Tj ET Q q 0 0 0 rg BT 116.52 316.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 149.75 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.66 316.10 Td (be ) Tj ET Q q 0 0 0 rg BT 171.23 316.10 Td (received ) Tj ET Q q 0 0 0 rg BT 207.23 316.10 Td (on ) Tj ET Q q 0 0 0 rg BT 219.37 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.72 316.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 271.42 316.10 Td (Day ) Tj ET Q q 0 0 0 rg BT 290.22 316.10 Td (on ) Tj ET Q q 0 0 0 rg BT 302.35 316.10 Td (which ) Tj ET Q q 0 0 0 rg BT 328.93 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.28 316.10 Td (order ) Tj ET Q q 0 0 0 rg BT 366.52 316.10 Td (is ) Tj ET Q q 0 0 0 rg BT 375.32 316.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 403.55 316.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 441.23 316.10 Td (that ) Tj ET Q q 0 0 0 rg BT 458.37 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.72 316.10 Td (order ) Tj ET Q q 0 0 0 rg BT 495.95 316.10 Td (is ) Tj ET Q q 0 0 0 rg BT 504.76 316.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 532.99 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 542.90 316.10 Td (proper ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 304.10 Td (form ) Tj ET Q q 0 0 0 rg BT 65.47 304.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 87.93 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.74 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.99 304.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 158.10 304.10 Td (cut-of) Tj ET Q q 0 0 0 rg BT 181.80 304.10 Td (f ) Tj ET Q q 0 0 0 rg BT 188.16 304.10 Td (time ) Tj ET Q q 0 0 0 rg BT 208.96 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.43 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.68 304.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 272.46 304.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 297.71 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 308.52 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.76 304.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 372.32 304.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 405.35 304.10 Td (are ) Tj ET Q q 0 0 0 rg BT 420.58 304.10 Td (deposited ) Tj ET Q q 0 0 0 rg BT 461.94 304.10 Td (by ) Tj ET Q q 0 0 0 rg BT 474.96 304.10 Td (2:00 ) Tj ET Q q 0 0 0 rg BT 495.77 304.10 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 516.58 304.10 Td (or ) Tj ET Q q 0 0 0 rg BT 527.94 304.10 Td (3:00 ) Tj ET Q q 0 0 0 rg BT 548.75 304.10 Td (p.m., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 292.10 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 74.81 292.10 Td (T) Tj ET Q q 0 0 0 rg BT 80.57 292.10 Td (ime ) Tj ET Q q 0 0 0 rg BT 97.53 292.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 111.16 292.10 Td (set ) Tj ET Q q 0 0 0 rg BT 124.23 292.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 145.64 292.10 Td (on ) Tj ET Q q 0 0 0 rg BT 157.61 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.79 292.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 214.85 292.10 Td (order ) Tj ET Q q 0 0 0 rg BT 237.92 292.10 Td (form\), ) Tj ET Q q 0 0 0 rg BT 265.15 292.10 Td (with ) Tj ET Q q 0 0 0 rg BT 284.90 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.08 292.10 Td (Custodian ) Tj ET Q q 0 0 0 rg BT 341.61 292.10 Td (on ) Tj ET Q q 0 0 0 rg BT 353.58 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.76 292.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 412.50 292.10 Td (Date. ) Tj ET Q q 0 0 0 rg BT 435.84 292.10 Td (If ) Tj ET Q q 0 0 0 rg BT 444.47 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.65 292.10 Td (order ) Tj ET Q q 0 0 0 rg BT 481.72 292.10 Td (is ) Tj ET Q q 0 0 0 rg BT 490.36 292.10 Td (not ) Tj ET Q q 0 0 0 rg BT 505.10 292.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 533.17 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 542.91 292.10 Td (proper ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 280.10 Td (form ) Tj ET Q q 0 0 0 rg BT 64.73 280.10 Td (as ) Tj ET Q q 0 0 0 rg BT 75.35 280.10 Td (required, ) Tj ET Q q 0 0 0 rg BT 113.46 280.10 Td (or ) Tj ET Q q 0 0 0 rg BT 124.08 280.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 154.13 280.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 178.64 280.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.72 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.22 280.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 251.05 280.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 283.34 280.10 Td (are ) Tj ET Q q 0 0 0 rg BT 297.84 280.10 Td (not ) Tj ET Q q 0 0 0 rg BT 312.91 280.10 Td (received ) Tj ET Q q 0 0 0 rg BT 349.06 280.10 Td (by ) Tj ET Q q 0 0 0 rg BT 361.35 280.10 Td (2:00 ) Tj ET Q q 0 0 0 rg BT 381.43 280.10 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 401.50 280.10 Td (or ) Tj ET Q q 0 0 0 rg BT 412.12 280.10 Td (3:00 ) Tj ET Q q 0 0 0 rg BT 432.19 280.10 Td (p.m., ) Tj ET Q q 0 0 0 rg BT 454.76 280.10 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 486.87 280.10 Td (T) Tj ET Q q 0 0 0 rg BT 492.63 280.10 Td (ime ) Tj ET Q q 0 0 0 rg BT 509.92 280.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 523.87 280.10 Td (set ) Tj ET Q q 0 0 0 rg BT 537.27 280.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 559.00 280.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.69 268.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 101.26 268.10 Td (order ) Tj ET Q q 0 0 0 rg BT 124.84 268.10 Td (form\) ) Tj ET Q q 0 0 0 rg BT 150.08 268.10 Td (on ) Tj ET Q q 0 0 0 rg BT 162.56 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.26 268.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 222.50 268.10 Td (Date, ) Tj ET Q q 0 0 0 rg BT 246.36 268.10 Td (then ) Tj ET Q q 0 0 0 rg BT 266.05 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.75 268.10 Td (order ) Tj ET Q q 0 0 0 rg BT 304.33 268.10 Td (may ) Tj ET Q q 0 0 0 rg BT 324.02 268.10 Td (be ) Tj ET Q q 0 0 0 rg BT 335.94 268.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 369.51 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.77 268.10 Td (be ) Tj ET Q q 0 0 0 rg BT 391.68 268.10 Td (rejected ) Tj ET Q q 0 0 0 rg BT 425.80 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.72 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.86 268.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 504.33 268.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 550.13 268.10 Td (shall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 55.04 256.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 79.86 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.24 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.06 256.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 128.23 256.10 Td (for ) Tj ET Q q 0 0 0 rg BT 142.49 256.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 171.49 256.10 Td (if ) Tj ET Q q 0 0 0 rg BT 180.20 256.10 Td (any) Tj ET Q q 0 0 0 rg BT 193.99 256.10 Td (, ) Tj ET Q q 0 0 0 rg BT 199.09 256.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 236.69 256.10 Td (therefrom. ) Tj ET Q q 0 0 0 rg BT 280.64 256.10 Td (A) Tj ET Q q 0 0 0 rg BT 287.31 256.10 Td ( ) Tj ET Q q 0 0 0 rg BT 289.92 256.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 324.72 256.10 Td (request ) Tj ET Q q 0 0 0 rg BT 356.21 256.10 Td (is ) Tj ET Q q 0 0 0 rg BT 365.48 256.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 411.40 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.78 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 433.82 256.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.21 256.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 477.35 256.10 Td (form ) Tj ET Q q 0 0 0 rg BT 503.83 256.10 Td (if ) Tj ET Q q 0 0 0 rg BT 512.54 256.10 Td (all ) Tj ET Q q 0 0 0 rg BT 525.14 256.10 Td (procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 244.10 Td (set ) Tj ET Q q 0 0 0 rg BT 56.61 244.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 78.55 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 88.83 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.54 244.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 148.81 244.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 198.23 244.10 Td (order ) Tj ET Q q 0 0 0 rg BT 221.83 244.10 Td (form ) Tj ET Q q 0 0 0 rg BT 243.77 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.71 244.10 Td (this ) Tj ET Q q 0 0 0 rg BT 277.66 244.10 Td (SAI ) Tj ET Q q 0 0 0 rg BT 296.27 244.10 Td (are ) Tj ET Q q 0 0 0 rg BT 310.98 244.10 Td (properly ) Tj ET Q q 0 0 0 rg BT 347.36 244.10 Td (followed.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 226.10 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 82.20 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.06 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 100.59 226.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 112.07 226.10 Td (eation ) Tj ET Q q 0 0 0 rg BT 140.71 226.10 Td (Unit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.60 226.10 Td (. ) Tj ET Q q 0 0 0 rg BT 164.63 226.10 Td (Except ) Tj ET Q q 0 0 0 rg BT 194.92 226.10 Td (as ) Tj ET Q q 0 0 0 rg BT 205.78 226.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 243.86 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 254.17 226.10 Td (this ) Tj ET Q q 0 0 0 rg BT 271.14 226.10 Td (SAI, ) Tj ET Q q 0 0 0 rg BT 292.29 226.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 329.25 226.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 353.45 226.10 Td (will ) Tj ET Q q 0 0 0 rg BT 371.54 226.10 Td (not ) Tj ET Q q 0 0 0 rg BT 386.84 226.10 Td (be ) Tj ET Q q 0 0 0 rg BT 398.81 226.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 426.34 226.10 Td (until ) Tj ET Q q 0 0 0 rg BT 447.20 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.95 226.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 495.02 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.88 226.10 Td (good ) Tj ET Q q 0 0 0 rg BT 528.41 226.10 Td (title ) Tj ET Q q 0 0 0 rg BT 546.49 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 556.79 226.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.76 214.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 67.33 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.24 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.03 214.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 129.71 214.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 172.72 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 184.62 214.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 222.63 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.53 214.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 269.22 214.10 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 295.29 214.10 Td (as ) Tj ET Q q 0 0 0 rg BT 307.19 214.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 354.36 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.37 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.16 214.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 426.17 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.07 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.86 214.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 477.44 214.10 Td (Component ) Tj ET Q q 0 0 0 rg BT 527.68 214.10 Td (have ) Tj ET Q q 0 0 0 rg BT 550.13 214.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.10 Td (completed. ) Tj ET Q q 0 0 0 rg BT 89.87 202.10 Td (When ) Tj ET Q q 0 0 0 rg BT 116.68 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.83 202.10 Td (subcustodian ) Tj ET Q q 0 0 0 rg BT 186.97 202.10 Td (has ) Tj ET Q q 0 0 0 rg BT 203.23 202.10 Td (confirmed ) Tj ET Q q 0 0 0 rg BT 247.26 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.97 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.12 202.10 Td (Custodian ) Tj ET Q q 0 0 0 rg BT 316.60 202.10 Td (that ) Tj ET Q q 0 0 0 rg BT 334.53 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.68 202.10 Td (required ) Tj ET Q q 0 0 0 rg BT 385.93 202.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 419.97 202.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 462.33 202.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 476.92 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.07 202.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 512.77 202.10 Td (value ) Tj ET Q q 0 0 0 rg BT 537.36 202.10 Td (thereof\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 190.10 Td (have ) Tj ET Q q 0 0 0 rg BT 64.20 190.10 Td (been ) Tj ET Q q 0 0 0 rg BT 85.39 190.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 124.91 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.01 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.55 190.10 Td (account ) Tj ET Q q 0 0 0 rg BT 182.96 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.61 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.15 190.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 242.67 190.10 Td (subcustodian ) Tj ET Q q 0 0 0 rg BT 297.20 190.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.85 190.10 Td (subcustodians, ) Tj ET Q q 0 0 0 rg BT 368.78 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.32 190.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 429.52 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.28 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.31 190.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 494.29 190.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 515.49 190.10 Td (be ) Tj ET Q q 0 0 0 rg BT 527.25 190.10 Td (notified ) Tj ET Q q 0 0 0 rg BT 560.67 190.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 178.10 Td (such ) Tj ET Q q 0 0 0 rg BT 63.23 178.10 Td (delivery) Tj ET Q q 0 0 0 rg BT 95.35 178.10 Td (, ) Tj ET Q q 0 0 0 rg BT 99.75 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.10 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.08 178.10 Td (T) Tj ET Q q 0 0 0 rg BT 135.84 178.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 152.74 178.10 Td (will ) Tj ET Q q 0 0 0 rg BT 170.20 178.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 192.11 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.45 178.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 232.56 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.68 178.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 281.35 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.58 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.70 178.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 342.04 178.10 Td (Units. ) Tj ET Q q 0 0 0 rg BT 367.98 178.10 Td (The ) Tj ET Q q 0 0 0 rg BT 385.43 178.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 420.10 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.33 178.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 466.67 178.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 490.24 178.10 Td (so ) Tj ET Q q 0 0 0 rg BT 501.04 178.10 Td (created ) Tj ET Q q 0 0 0 rg BT 531.81 178.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 166.10 Td (will ) Tj ET Q q 0 0 0 rg BT 60.49 166.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 84.63 166.10 Td (no ) Tj ET Q q 0 0 0 rg BT 96.56 166.10 Td (later ) Tj ET Q q 0 0 0 rg BT 116.26 166.10 Td (than ) Tj ET Q q 0 0 0 rg BT 135.41 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.56 166.10 Td (second ) Tj ET Q q 0 0 0 rg BT 179.26 166.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 216.76 166.10 Td (Day ) Tj ET Q q 0 0 0 rg BT 235.35 166.10 Td (following ) Tj ET Q q 0 0 0 rg BT 276.17 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.32 166.10 Td (day ) Tj ET Q q 0 0 0 rg BT 306.70 166.10 Td (on ) Tj ET Q q 0 0 0 rg BT 318.63 166.10 Td (which ) Tj ET Q q 0 0 0 rg BT 345.00 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.15 166.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 396.62 166.10 Td (order ) Tj ET Q q 0 0 0 rg BT 419.66 166.10 Td (is ) Tj ET Q q 0 0 0 rg BT 428.26 166.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 461.29 166.10 Td (received ) Tj ET Q q 0 0 0 rg BT 497.08 166.10 Td (by ) Tj ET Q q 0 0 0 rg BT 509.02 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.17 166.10 Td (Distributor) Tj ET Q q 0 0 0 rg BT 566.50 166.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 154.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.50 154.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 107.98 154.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 153.80 154.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 175.19 154.10 Td (be ) Tj ET Q q 0 0 0 rg BT 187.13 154.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 211.84 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.12 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.83 154.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 259.89 154.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.05 154.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 302.95 154.10 Td (if ) Tj ET Q q 0 0 0 rg BT 311.55 154.10 Td (any) Tj ET Q q 0 0 0 rg BT 325.34 154.10 Td (, ) Tj ET Q q 0 0 0 rg BT 330.34 154.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 367.84 154.10 Td (from ) Tj ET Q q 0 0 0 rg BT 389.78 154.10 Td (unsettled ) Tj ET Q q 0 0 0 rg BT 428.38 154.10 Td (orders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 136.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 79.39 136.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 103.02 136.10 Td (may ) Tj ET Q q 0 0 0 rg BT 122.19 136.10 Td (be ) Tj ET Q q 0 0 0 rg BT 133.59 136.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 176.08 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.82 136.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 220.53 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.81 136.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 259.97 136.10 Td (by ) Tj ET Q q 0 0 0 rg BT 271.93 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.96 136.10 Td (T) Tj ET Q q 0 0 0 rg BT 291.72 136.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 308.68 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.96 136.10 Td (all ) Tj ET Q q 0 0 0 rg BT 330.92 136.10 Td (or ) Tj ET Q q 0 0 0 rg BT 341.20 136.10 Td (a ) Tj ET Q q 0 0 0 rg BT 347.60 136.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 378.44 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.73 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.90 136.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 445.95 136.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 479.01 136.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 520.41 136.10 Td (as ) Tj ET Q q 0 0 0 rg BT 530.69 136.10 Td (described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 124.10 Td (below) Tj ET Q q 0 0 0 rg BT 66.79 124.10 Td (. ) Tj ET Q q 0 0 0 rg BT 71.86 124.10 Td (In ) Tj ET Q q 0 0 0 rg BT 82.76 124.10 Td (these ) Tj ET Q q 0 0 0 rg BT 105.87 124.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 167.58 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.37 124.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 208.26 124.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 239.72 124.10 Td (will ) Tj ET Q q 0 0 0 rg BT 257.84 124.10 Td (have ) Tj ET Q q 0 0 0 rg BT 279.29 124.10 Td (a ) Tj ET Q q 0 0 0 rg BT 286.30 124.10 Td (value ) Tj ET Q q 0 0 0 rg BT 310.52 124.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 340.84 124.10 Td (than ) Tj ET Q q 0 0 0 rg BT 360.63 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.41 124.10 Td (NA) Tj ET Q q 0 0 0 rg BT 388.57 124.10 Td (V) Tj ET Q q 0 0 0 rg BT 395.61 124.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.18 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.07 124.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 438.30 124.10 Td (on ) Tj ET Q q 0 0 0 rg BT 450.87 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.66 124.10 Td (date ) Tj ET Q q 0 0 0 rg BT 484.88 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.67 124.10 Td (order ) Tj ET Q q 0 0 0 rg BT 523.33 124.10 Td (is ) Tj ET Q q 0 0 0 rg BT 532.57 124.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 561.23 124.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 112.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 71.68 112.10 Td (form ) Tj ET Q q 0 0 0 rg BT 93.71 112.10 Td (since, ) Tj ET Q q 0 0 0 rg BT 119.34 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.70 112.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 165.06 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.43 112.10 Td (available ) Tj ET Q q 0 0 0 rg BT 214.10 112.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 247.79 112.10 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 292.31 112.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 312.67 112.10 Td (must ) Tj ET Q q 0 0 0 rg BT 334.70 112.10 Td (be ) Tj ET Q q 0 0 0 rg BT 346.73 112.10 Td (deposited ) Tj ET Q q 0 0 0 rg BT 387.64 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.00 112.10 Td (an ) Tj ET Q q 0 0 0 rg BT 410.02 112.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 442.60 112.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 466.85 112.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.21 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.01 112.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 511.27 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.18 112.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 534.21 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 549.01 112.10 Td (Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 100.10 Td (Component, ) Tj ET Q q 0 0 0 rg BT 94.51 100.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 113.52 100.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 128.08 100.10 Td (an ) Tj ET Q q 0 0 0 rg BT 139.87 100.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 182.20 100.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 214.54 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.21 100.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 245.32 100.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 269.32 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.45 100.10 Td (a ) Tj ET Q q 0 0 0 rg BT 286.23 100.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 331.87 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.55 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.11 100.10 Td (value ) Tj ET Q q 0 0 0 rg BT 381.11 100.10 Td (as ) Tj ET Q q 0 0 0 rg BT 391.78 100.10 Td (set ) Tj ET Q q 0 0 0 rg BT 405.23 100.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 427.01 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.14 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.70 100.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 496.84 100.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 546.11 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 556.78 100.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 88.10 Td (undelivered ) Tj ET Q q 0 0 0 rg BT 91.89 88.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 124.69 88.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 165.81 88.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 183.04 88.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 231.95 88.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 253.63 88.10 Td (Deposit\), ) Tj ET Q q 0 0 0 rg BT 296.70 88.10 Td (which ) Tj ET Q q 0 0 0 rg BT 322.83 88.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 343.40 88.10 Td (be ) Tj ET Q q 0 0 0 rg BT 354.53 88.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 400.65 88.10 Td (in ) Tj ET Q q 0 0 0 rg BT 410.11 88.10 Td (a ) Tj ET Q q 0 0 0 rg BT 416.24 88.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 450.68 88.10 Td (non-interest ) Tj ET Q q 0 0 0 rg BT 500.13 88.10 Td (bearing ) Tj ET Q q 0 0 0 rg BT 531.81 88.10 Td (collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 76.10 Td (account. ) Tj ET Q q 0 0 0 rg BT 78.11 76.10 Td (The ) Tj ET Q q 0 0 0 rg BT 94.93 76.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 141.55 76.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 186.51 76.10 Td (must ) Tj ET Q q 0 0 0 rg BT 207.59 76.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 238.12 76.10 Td (with ) Tj ET Q q 0 0 0 rg BT 257.53 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.38 76.10 Td (Custodian ) Tj ET Q q 0 0 0 rg BT 313.58 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.07 76.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 371.48 76.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 393.11 76.10 Td (Deposit, ) Tj ET Q q 0 0 0 rg BT 428.36 76.10 Td (as ) Tj ET Q q 0 0 0 rg BT 438.32 76.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 483.55 76.10 Td (by ) Tj ET Q q 0 0 0 rg BT 495.18 76.10 Td (12:00 ) Tj ET Q q 0 0 0 rg BT 519.60 76.10 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 539.01 76.10 Td (Eastern ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 64.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.76 64.10 Td (ime ) Tj ET Q q 0 0 0 rg BT 65.79 64.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 79.50 64.10 Td (such ) Tj ET Q q 0 0 0 rg BT 99.87 64.10 Td (other ) Tj ET Q q 0 0 0 rg BT 122.46 64.10 Td (time ) Tj ET Q q 0 0 0 rg BT 142.27 64.10 Td (as ) Tj ET Q q 0 0 0 rg BT 152.65 64.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 190.78 64.10 Td (by ) Tj ET Q q 0 0 0 rg BT 202.83 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.94 64.10 Td (T) Tj ET Q q 0 0 0 rg BT 222.69 64.10 Td (rust\) ) Tj ET Q q 0 0 0 rg BT 243.07 64.10 Td (on ) Tj ET Q q 0 0 0 rg BT 255.11 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.37 64.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 314.18 64.10 Td (Date. ) Tj ET Q q 0 0 0 rg BT 337.60 64.10 Td (If ) Tj ET Q q 0 0 0 rg BT 346.30 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.56 64.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 383.17 64.10 Td (or ) Tj ET Q q 0 0 0 rg BT 393.54 64.10 Td (its ) Tj ET Q q 0 0 0 rg BT 405.03 64.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 432.62 64.10 Td (do ) Tj ET Q q 0 0 0 rg BT 444.66 64.10 Td (not ) Tj ET Q q 0 0 0 rg BT 459.48 64.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 490.39 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.19 64.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 549.01 64.10 Td (Cash ) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 76.17 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 86.01 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.29 742.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 147.88 742.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 182.44 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 194.50 742.10 Td (such ) Tj ET Q q 0 0 0 rg BT 214.90 742.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 237.23 742.10 Td (then ) Tj ET Q q 0 0 0 rg BT 256.51 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.79 742.10 Td (order ) Tj ET Q q 0 0 0 rg BT 293.95 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 313.23 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 324.73 742.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 357.88 742.10 Td (rejected ) Tj ET Q q 0 0 0 rg BT 391.59 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.09 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.91 742.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 468.96 742.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 514.34 742.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 535.29 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 546.79 742.10 Td (liable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 53.97 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.38 730.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 93.14 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.00 730.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 137.58 730.10 Td (if ) Tj ET Q q 0 0 0 rg BT 146.89 730.10 Td (any) Tj ET Q q 0 0 0 rg BT 160.67 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 166.37 730.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 204.56 730.10 Td (therefrom. ) Tj ET Q q 0 0 0 rg BT 248.97 730.10 Td (An ) Tj ET Q q 0 0 0 rg BT 264.39 730.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 307.57 730.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 340.76 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.29 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 373.25 730.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 395.33 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 407.97 730.10 Td (required ) Tj ET Q q 0 0 0 rg BT 444.48 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.45 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 468.08 730.10 Td (deposited ) Tj ET Q q 0 0 0 rg BT 509.60 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 530.58 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.76 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 551.52 730.10 Td (rust, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 77.66 718.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 112.87 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.64 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.30 718.10 Td (missing ) Tj ET Q q 0 0 0 rg BT 171.86 718.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 205.41 718.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 247.29 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.51 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.17 718.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 299.04 718.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 340.35 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.58 718.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 388.01 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.13 718.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 447.35 718.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 469.79 718.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 503.34 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 523.56 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.04 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 543.80 718.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 561.24 718.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (an ) Tj ET Q q 0 0 0 rg BT 54.27 706.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 86.10 706.10 Td (at ) Tj ET Q q 0 0 0 rg BT 95.15 706.10 Td (least ) Tj ET Q q 0 0 0 rg BT 115.31 706.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 138.79 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.40 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.45 706.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 205.38 706.10 Td (percentage, ) Tj ET Q q 0 0 0 rg BT 253.01 706.10 Td (as ) Tj ET Q q 0 0 0 rg BT 263.17 706.10 Td (set ) Tj ET Q q 0 0 0 rg BT 276.11 706.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 297.38 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.99 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.04 706.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 365.79 706.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 414.55 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.71 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.76 706.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 460.59 706.10 Td (market ) Tj ET Q q 0 0 0 rg BT 490.18 706.10 Td (value ) Tj ET Q q 0 0 0 rg BT 513.67 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.83 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.88 706.10 Td (missing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 77.06 694.10 Td (Securities. ) Tj ET Q q 0 0 0 rg BT 121.74 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 140.24 694.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 185.87 694.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 233.24 694.10 Td (will ) Tj ET Q q 0 0 0 rg BT 251.76 694.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 280.82 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.77 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 301.53 694.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 319.49 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.22 694.10 Td (buy ) Tj ET Q q 0 0 0 rg BT 348.18 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.35 694.10 Td (missing ) Tj ET Q q 0 0 0 rg BT 397.42 694.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 431.49 694.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 473.88 694.10 Td (at ) Tj ET Q q 0 0 0 rg BT 484.05 694.10 Td (any ) Tj ET Q q 0 0 0 rg BT 501.44 694.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 524.02 694.10 Td (Authorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.10 Td (Participants ) Tj ET Q q 0 0 0 rg BT 92.74 682.10 Td (will ) Tj ET Q q 0 0 0 rg BT 110.83 682.10 Td (be ) Tj ET Q q 0 0 0 rg BT 122.80 682.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 147.55 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.86 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.42 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 178.18 682.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 195.71 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 209.90 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.65 682.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 247.18 682.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 283.03 682.10 Td (by ) Tj ET Q q 0 0 0 rg BT 295.56 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.13 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 315.88 682.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 333.42 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 343.73 682.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 390.13 682.10 Td (with ) Tj ET Q q 0 0 0 rg BT 410.44 682.10 Td (any ) Tj ET Q q 0 0 0 rg BT 427.41 682.10 Td (such ) Tj ET Q q 0 0 0 rg BT 448.27 682.10 Td (purchases. ) Tj ET Q q 0 0 0 rg BT 492.55 682.10 Td (These ) Tj ET Q q 0 0 0 rg BT 518.96 682.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 541.49 682.10 Td (will ) Tj ET Q q 0 0 0 rg BT 559.58 682.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 75.79 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 85.27 670.10 Td (include ) Tj ET Q q 0 0 0 rg BT 116.40 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.31 670.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 162.00 670.10 Td (by ) Tj ET Q q 0 0 0 rg BT 173.70 670.10 Td (which ) Tj ET Q q 0 0 0 rg BT 199.83 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.75 670.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 239.32 670.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 276.55 670.10 Td (price ) Tj ET Q q 0 0 0 rg BT 298.23 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.26 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.17 670.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 354.98 670.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 396.11 670.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 429.45 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.36 670.10 Td (value ) Tj ET Q q 0 0 0 rg BT 466.72 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.74 670.10 Td (such ) Tj ET Q q 0 0 0 rg BT 496.77 670.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 529.57 670.10 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 55.03 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.28 658.10 Td (day ) Tj ET Q q 0 0 0 rg BT 85.75 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.00 658.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 137.57 658.10 Td (order ) Tj ET Q q 0 0 0 rg BT 160.70 658.10 Td (was ) Tj ET Q q 0 0 0 rg BT 178.29 658.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 211.42 658.10 Td (received ) Tj ET Q q 0 0 0 rg BT 247.31 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 259.34 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.59 658.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 319.51 658.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 338.21 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.46 658.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 394.47 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.94 658.10 Td (related ) Tj ET Q q 0 0 0 rg BT 440.18 658.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 486.08 658.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 508.12 658.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 551.24 658.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 646.10 Td (such ) Tj ET Q q 0 0 0 rg BT 64.02 646.10 Td (purchases. ) Tj ET Q q 0 0 0 rg BT 108.45 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.49 646.10 Td (T) Tj ET Q q 0 0 0 rg BT 132.25 646.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 149.94 646.10 Td (will ) Tj ET Q q 0 0 0 rg BT 168.19 646.10 Td (return ) Tj ET Q q 0 0 0 rg BT 194.76 646.10 Td (any ) Tj ET Q q 0 0 0 rg BT 211.89 646.10 Td (unused ) Tj ET Q q 0 0 0 rg BT 242.91 646.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 274.49 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.51 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.83 646.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 345.29 646.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 367.98 646.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 401.78 646.10 Td (once ) Tj ET Q q 0 0 0 rg BT 423.35 646.10 Td (all ) Tj ET Q q 0 0 0 rg BT 436.04 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.06 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.97 646.10 Td (missing ) Tj ET Q q 0 0 0 rg BT 495.78 646.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 529.58 646.10 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 634.10 Td (have ) Tj ET Q q 0 0 0 rg BT 64.54 634.10 Td (been ) Tj ET Q q 0 0 0 rg BT 86.07 634.10 Td (properly ) Tj ET Q q 0 0 0 rg BT 122.61 634.10 Td (received ) Tj ET Q q 0 0 0 rg BT 159.13 634.10 Td (by ) Tj ET Q q 0 0 0 rg BT 171.79 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.67 634.10 Td (Custodian ) Tj ET Q q 0 0 0 rg BT 229.89 634.10 Td (or ) Tj ET Q q 0 0 0 rg BT 240.88 634.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 284.08 634.10 Td (by ) Tj ET Q q 0 0 0 rg BT 296.74 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.42 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 317.18 634.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 334.84 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.94 634.10 Td (deposited ) Tj ET Q q 0 0 0 rg BT 392.92 634.10 Td (into ) Tj ET Q q 0 0 0 rg BT 411.14 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.82 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 431.58 634.10 Td (rust. ) Tj ET Q q 0 0 0 rg BT 451.74 634.10 Td (In ) Tj ET Q q 0 0 0 rg BT 462.73 634.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 500.66 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 507.76 634.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 554.29 634.10 Td (fee, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 622.10 Td (as ) Tj ET Q q 0 0 0 rg BT 53.40 622.10 Td (described ) Tj ET Q q 0 0 0 rg BT 93.78 622.10 Td (below ) Tj ET Q q 0 0 0 rg BT 120.28 622.10 Td (under ) Tj ET Q q 0 0 0 rg BT 145.12 622.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 185.91 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 191.67 622.10 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 234.83 622.10 Td (Fee, ) Tj ET Q q 0 0 0 rg BT 258.27 622.10 Td (may ) Tj ET Q q 0 0 0 rg BT 277.55 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 289.06 622.10 Td (char) Tj ET Q q 0 0 0 rg BT 306.09 622.10 Td (ged. ) Tj ET Q q 0 0 0 rg BT 324.94 622.10 Td (The ) Tj ET Q q 0 0 0 rg BT 342.56 622.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 377.39 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.78 622.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 424.28 622.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 448.02 622.10 Td (so ) Tj ET Q q 0 0 0 rg BT 458.98 622.10 Td (created ) Tj ET Q q 0 0 0 rg BT 489.91 622.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 529.18 622.10 Td (will ) Tj ET Q q 0 0 0 rg BT 546.80 622.10 Td (occur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 610.10 Td (no ) Tj ET Q q 0 0 0 rg BT 55.50 610.10 Td (later ) Tj ET Q q 0 0 0 rg BT 75.76 610.10 Td (than ) Tj ET Q q 0 0 0 rg BT 95.48 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.20 610.10 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 155.47 610.10 Td (Date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 592.10 Td (Acceptance ) Tj ET Q q 0 0 0 rg BT 94.51 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.49 592.10 Td (Orders ) Tj ET Q q 0 0 0 rg BT 138.68 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.66 592.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 161.14 592.10 Td (eation ) Tj ET Q q 0 0 0 rg BT 189.89 592.10 Td (Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.67 592.10 Td (. ) Tj ET Q q 0 0 0 rg BT 217.63 592.10 Td (The ) Tj ET Q q 0 0 0 rg BT 235.63 592.10 Td (T) Tj ET Q q 0 0 0 rg BT 241.38 592.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 259.03 592.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 294.43 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.30 592.10 Td (absolute ) Tj ET Q q 0 0 0 rg BT 345.27 592.10 Td (right ) Tj ET Q q 0 0 0 rg BT 366.80 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.22 592.10 Td (reject ) Tj ET Q q 0 0 0 rg BT 402.07 592.10 Td (an ) Tj ET Q q 0 0 0 rg BT 414.16 592.10 Td (order ) Tj ET Q q 0 0 0 rg BT 437.90 592.10 Td (for ) Tj ET Q q 0 0 0 rg BT 452.21 592.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 489.28 592.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 513.60 592.10 Td (transmitted ) Tj ET Q q 0 0 0 rg BT 561.24 592.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 580.10 Td (it ) Tj ET Q q 0 0 0 rg BT 51.79 580.10 Td (by ) Tj ET Q q 0 0 0 rg BT 65.03 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.48 580.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 127.61 580.10 Td (with ) Tj ET Q q 0 0 0 rg BT 148.62 580.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 180.17 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.19 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.64 580.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 230.44 580.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 273.95 580.10 Td (without ) Tj ET Q q 0 0 0 rg BT 307.74 580.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 352.36 580.10 Td (if ) Tj ET Q q 0 0 0 rg BT 361.71 580.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 376.04 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.50 580.10 Td (order ) Tj ET Q q 0 0 0 rg BT 415.83 580.10 Td (is ) Tj ET Q q 0 0 0 rg BT 425.74 580.10 Td (not ) Tj ET Q q 0 0 0 rg BT 441.75 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 452.77 580.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 482.10 580.10 Td (form; ) Tj ET Q q 0 0 0 rg BT 507.55 580.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 522.45 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.90 580.10 Td (Deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 568.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 84.85 568.10 Td (or ) Tj ET Q q 0 0 0 rg BT 95.60 568.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 129.13 568.10 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 154.05 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 164.79 568.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 210.80 568.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 250.42 568.10 Td (by ) Tj ET Q q 0 0 0 rg BT 262.84 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.48 568.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 323.21 568.10 Td (are ) Tj ET Q q 0 0 0 rg BT 337.84 568.10 Td (not ) Tj ET Q q 0 0 0 rg BT 353.04 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 363.79 568.10 Td (disseminated ) Tj ET Q q 0 0 0 rg BT 418.42 568.10 Td (through ) Tj ET Q q 0 0 0 rg BT 451.94 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.58 568.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 503.43 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.17 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.81 568.10 Td (NSCC ) Tj ET Q q 0 0 0 rg BT 557.35 568.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 556.10 Td (that ) Tj ET Q q 0 0 0 rg BT 60.50 556.10 Td (date ) Tj ET Q q 0 0 0 rg BT 79.65 556.10 Td (by ) Tj ET Q q 0 0 0 rg BT 92.15 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.87 556.10 Td (Custodian; ) Tj ET Q q 0 0 0 rg BT 152.71 556.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 166.31 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.03 556.10 Td (investor\(s\), ) Tj ET Q q 0 0 0 rg BT 228.80 556.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 251.30 556.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 291.57 556.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 320.74 556.10 Td (ordered, ) Tj ET Q q 0 0 0 rg BT 356.27 556.10 Td (would ) Tj ET Q q 0 0 0 rg BT 383.78 556.10 Td (own ) Tj ET Q q 0 0 0 rg BT 403.50 556.10 Td (80% ) Tj ET Q q 0 0 0 rg BT 424.33 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 435.16 556.10 Td (more ) Tj ET Q q 0 0 0 rg BT 458.21 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.04 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.76 556.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 522.36 556.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 544.10 Td (Shares; ) Tj ET Q q 0 0 0 rg BT 74.94 544.10 Td (\(d\)acceptance ) Tj ET Q q 0 0 0 rg BT 135.46 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.30 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.02 544.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 194.63 544.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 236.57 544.10 Td (would ) Tj ET Q q 0 0 0 rg BT 264.08 544.10 Td (have ) Tj ET Q q 0 0 0 rg BT 285.46 544.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 315.17 544.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 348.21 544.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 362.94 544.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 420.42 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 430.70 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.43 544.10 Td (Fund; ) Tj ET Q q 0 0 0 rg BT 471.27 544.10 Td (\(e\) ) Tj ET Q q 0 0 0 rg BT 484.88 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.60 544.10 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 545.96 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 556.79 544.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 532.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 65.61 532.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 98.77 532.10 Td (would, ) Tj ET Q q 0 0 0 rg BT 128.32 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 138.15 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.42 532.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 185.03 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.41 532.10 Td (counsel, ) Tj ET Q q 0 0 0 rg BT 230.50 532.10 Td (be ) Tj ET Q q 0 0 0 rg BT 241.99 532.10 Td (unlawful; ) Tj ET Q q 0 0 0 rg BT 282.37 532.10 Td (\(f\) ) Tj ET Q q 0 0 0 rg BT 294.41 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.68 532.10 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 354.58 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.96 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.23 532.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 401.84 532.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 435.00 532.10 Td (would ) Tj ET Q q 0 0 0 rg BT 462.05 532.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 505.48 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.30 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.57 532.10 Td (discretion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.74 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.20 520.10 Td (T) Tj ET Q q 0 0 0 rg BT 73.96 520.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 91.37 520.10 Td (or ) Tj ET Q q 0 0 0 rg BT 102.11 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.21 520.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 147.47 520.10 Td (, ) Tj ET Q q 0 0 0 rg BT 152.38 520.10 Td (have ) Tj ET Q q 0 0 0 rg BT 173.67 520.10 Td (an ) Tj ET Q q 0 0 0 rg BT 185.53 520.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 218.48 520.10 Td (ef) Tj ET Q q 0 0 0 rg BT 226.07 520.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 243.46 520.10 Td (on ) Tj ET Q q 0 0 0 rg BT 255.88 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.33 520.10 Td (T) Tj ET Q q 0 0 0 rg BT 276.09 520.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 293.50 520.10 Td (or ) Tj ET Q q 0 0 0 rg BT 304.25 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.88 520.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 344.07 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.81 520.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 396.65 520.10 Td (owners; ) Tj ET Q q 0 0 0 rg BT 430.72 520.10 Td (\(g\) ) Tj ET Q q 0 0 0 rg BT 444.79 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.42 520.10 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 505.69 520.10 Td (or ) Tj ET Q q 0 0 0 rg BT 516.43 520.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 546.04 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 556.79 520.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.10 Td (order ) Tj ET Q q 0 0 0 rg BT 66.37 508.10 Td (for ) Tj ET Q q 0 0 0 rg BT 80.29 508.10 Td (a ) Tj ET Q q 0 0 0 rg BT 87.00 508.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 123.70 508.10 Td (Unit ) Tj ET Q q 0 0 0 rg BT 143.75 508.10 Td (would, ) Tj ET Q q 0 0 0 rg BT 173.52 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.56 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.05 508.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 230.87 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.47 508.10 Td (counsel ) Tj ET Q q 0 0 0 rg BT 274.29 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.33 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.65 508.10 Td (T) Tj ET Q q 0 0 0 rg BT 304.41 508.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 324.18 508.10 Td (be ) Tj ET Q q 0 0 0 rg BT 335.89 508.10 Td (unlawful; ) Tj ET Q q 0 0 0 rg BT 376.48 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 387.08 508.10 Td (\(h\) ) Tj ET Q q 0 0 0 rg BT 401.00 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 411.05 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.54 508.10 Td (event ) Tj ET Q q 0 0 0 rg BT 449.46 508.10 Td (that ) Tj ET Q q 0 0 0 rg BT 466.72 508.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 525.63 508.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 556.79 508.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 496.10 Td (control ) Tj ET Q q 0 0 0 rg BT 74.19 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.39 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.27 496.10 Td (T) Tj ET Q q 0 0 0 rg BT 106.02 496.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 126.39 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.48 496.10 Td (Custodian, ) Tj ET Q q 0 0 0 rg BT 187.40 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.28 496.10 Td (T) Tj ET Q q 0 0 0 rg BT 208.03 496.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 238.03 496.10 Td (Agent ) Tj ET Q q 0 0 0 rg BT 265.33 496.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 293.75 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.20 496.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 342.73 496.10 Td (make ) Tj ET Q q 0 0 0 rg BT 367.25 496.10 Td (it ) Tj ET Q q 0 0 0 rg BT 375.67 496.10 Td (for ) Tj ET Q q 0 0 0 rg BT 390.20 496.10 Td (all ) Tj ET Q q 0 0 0 rg BT 403.07 496.10 Td (practical ) Tj ET Q q 0 0 0 rg BT 440.35 496.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 478.77 496.10 Td (not ) Tj ET Q q 0 0 0 rg BT 494.42 496.10 Td (feasible ) Tj ET Q q 0 0 0 rg BT 528.38 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 539.02 496.10 Td (process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 484.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 70.49 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 84.65 484.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 121.58 484.10 Td (Units. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 466.10 Td (Examples ) Tj ET Q q 0 0 0 rg BT 85.77 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.44 466.10 Td (such ) Tj ET Q q 0 0 0 rg BT 119.10 466.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 179.08 466.10 Td (include ) Tj ET Q q 0 0 0 rg BT 211.85 466.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 230.73 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.40 466.10 Td (God ) Tj ET Q q 0 0 0 rg BT 262.96 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 274.62 466.10 Td (public ) Tj ET Q q 0 0 0 rg BT 302.96 466.10 Td (service ) Tj ET Q q 0 0 0 rg BT 334.61 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 346.27 466.10 Td (utility ) Tj ET Q q 0 0 0 rg BT 373.50 466.10 Td (problems ) Tj ET Q q 0 0 0 rg BT 414.06 466.10 Td (such ) Tj ET Q q 0 0 0 rg BT 435.72 466.10 Td (as ) Tj ET Q q 0 0 0 rg BT 447.39 466.10 Td (fires, ) Tj ET Q q 0 0 0 rg BT 470.99 466.10 Td (floods, ) Tj ET Q q 0 0 0 rg BT 501.83 466.10 Td (extreme ) Tj ET Q q 0 0 0 rg BT 537.37 466.10 Td (weather ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 454.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 87.08 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.94 454.10 Td (power ) Tj ET Q q 0 0 0 rg BT 131.34 454.10 Td (outages ) Tj ET Q q 0 0 0 rg BT 164.30 454.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 201.72 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.91 454.10 Td (telephone, ) Tj ET Q q 0 0 0 rg BT 255.70 454.10 Td (telecopy ) Tj ET Q q 0 0 0 rg BT 291.99 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.84 454.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 349.02 454.10 Td (failures; ) Tj ET Q q 0 0 0 rg BT 384.20 454.10 Td (market ) Tj ET Q q 0 0 0 rg BT 414.38 454.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 458.46 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 469.21 454.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 507.72 454.10 Td (causing ) Tj ET Q q 0 0 0 rg BT 540.68 454.10 Td (trading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 442.10 Td (halts; ) Tj ET Q q 0 0 0 rg BT 67.79 442.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 102.58 442.10 Td (failures ) Tj ET Q q 0 0 0 rg BT 135.69 442.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 177.15 442.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 218.03 442.10 Td (or ) Tj ET Q q 0 0 0 rg BT 229.48 442.10 Td (other ) Tj ET Q q 0 0 0 rg BT 253.15 442.10 Td (information ) Tj ET Q q 0 0 0 rg BT 303.49 442.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 338.28 442.10 Td (af) Tj ET Q q 0 0 0 rg BT 345.87 442.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 376.75 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.87 442.10 Td (T) Tj ET Q q 0 0 0 rg BT 397.63 442.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 418.25 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.59 442.10 Td (Distributor) Tj ET Q q 0 0 0 rg BT 477.07 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 482.70 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.04 442.10 Td (Custodian, ) Tj ET Q q 0 0 0 rg BT 544.21 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 551.78 442.10 Td (sub-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 430.10 Td (custodian, ) Tj ET Q q 0 0 0 rg BT 87.30 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.74 430.10 Td (T) Tj ET Q q 0 0 0 rg BT 108.49 430.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 138.96 430.10 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 169.37 430.10 Td (DTC, ) Tj ET Q q 0 0 0 rg BT 195.34 430.10 Td (NSCC, ) Tj ET Q q 0 0 0 rg BT 227.44 430.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 260.90 430.10 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 296.58 430.10 Td (System, ) Tj ET Q q 0 0 0 rg BT 332.00 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 343.80 430.10 Td (any ) Tj ET Q q 0 0 0 rg BT 361.72 430.10 Td (other ) Tj ET Q q 0 0 0 rg BT 385.74 430.10 Td (participant ) Tj ET Q q 0 0 0 rg BT 431.97 430.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.22 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.91 430.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 494.58 430.10 Td (process, ) Tj ET Q q 0 0 0 rg BT 530.55 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 548.46 430.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 418.10 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 99.02 418.10 Td (events. ) Tj ET Q q 0 0 0 rg BT 129.06 418.10 Td (The ) Tj ET Q q 0 0 0 rg BT 146.76 418.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 192.80 418.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 213.84 418.10 Td (notify ) Tj ET Q q 0 0 0 rg BT 239.88 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 246.47 418.10 Td (prospective ) Tj ET Q q 0 0 0 rg BT 294.72 418.10 Td (creator ) Tj ET Q q 0 0 0 rg BT 324.63 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.11 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 341.70 418.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 378.29 418.10 Td (Unit ) Tj ET Q q 0 0 0 rg BT 398.22 418.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 425.92 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.82 418.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 486.95 418.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 532.43 418.10 Td (acting ) Tj ET Q q 0 0 0 rg BT 559.01 418.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 406.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 70.38 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.10 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.70 406.10 Td (creator ) Tj ET Q q 0 0 0 rg BT 125.85 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.57 406.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.40 406.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 180.22 406.10 Td (Unit ) Tj ET Q q 0 0 0 rg BT 200.39 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.11 406.10 Td (its ) Tj ET Q q 0 0 0 rg BT 222.95 406.10 Td (rejection ) Tj ET Q q 0 0 0 rg BT 260.32 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.04 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.64 406.10 Td (order ) Tj ET Q q 0 0 0 rg BT 309.13 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.85 406.10 Td (such ) Tj ET Q q 0 0 0 rg BT 340.57 406.10 Td (person. ) Tj ET Q q 0 0 0 rg BT 371.95 406.10 Td (The ) Tj ET Q q 0 0 0 rg BT 389.71 406.10 Td (T) Tj ET Q q 0 0 0 rg BT 395.47 406.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 415.36 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.80 406.10 Td (T) Tj ET Q q 0 0 0 rg BT 435.55 406.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 465.17 406.10 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 494.50 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.11 406.10 Td (Custodian, ) Tj ET Q q 0 0 0 rg BT 554.56 406.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 394.10 Td (sub-custodian ) Tj ET Q q 0 0 0 rg BT 101.35 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.60 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.62 394.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 180.31 394.10 Td (are ) Tj ET Q q 0 0 0 rg BT 195.32 394.10 Td (under ) Tj ET Q q 0 0 0 rg BT 220.90 394.10 Td (no ) Tj ET Q q 0 0 0 rg BT 233.70 394.10 Td (duty) Tj ET Q q 0 0 0 rg BT 250.83 394.10 Td (, ) Tj ET Q q 0 0 0 rg BT 256.13 394.10 Td (however) Tj ET Q q 0 0 0 rg BT 290.16 394.10 Td (, ) Tj ET Q q 0 0 0 rg BT 295.47 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.05 394.10 Td (give ) Tj ET Q q 0 0 0 rg BT 326.07 394.10 Td (notification ) Tj ET Q q 0 0 0 rg BT 374.98 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.11 394.10 Td (any ) Tj ET Q q 0 0 0 rg BT 403.36 394.10 Td (defects ) Tj ET Q q 0 0 0 rg BT 434.48 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 445.61 394.10 Td (irregularities ) Tj ET Q q 0 0 0 rg BT 499.51 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.09 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.11 394.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 560.68 394.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 382.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 66.03 382.10 Td (Deposits ) Tj ET Q q 0 0 0 rg BT 103.50 382.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 119.30 382.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 140.66 382.10 Td (either ) Tj ET Q q 0 0 0 rg BT 165.89 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.69 382.10 Td (them ) Tj ET Q q 0 0 0 rg BT 199.16 382.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 222.17 382.10 Td (any ) Tj ET Q q 0 0 0 rg BT 239.08 382.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 272.66 382.10 Td (for ) Tj ET Q q 0 0 0 rg BT 286.79 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.47 382.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 330.04 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.29 382.10 Td (give ) Tj ET Q q 0 0 0 rg BT 359.97 382.10 Td (any ) Tj ET Q q 0 0 0 rg BT 376.88 382.10 Td (such ) Tj ET Q q 0 0 0 rg BT 397.68 382.10 Td (notification. ) Tj ET Q q 0 0 0 rg BT 448.57 382.10 Td (The ) Tj ET Q q 0 0 0 rg BT 466.41 382.10 Td (T) Tj ET Q q 0 0 0 rg BT 472.17 382.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 492.13 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.64 382.10 Td (T) Tj ET Q q 0 0 0 rg BT 512.40 382.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 542.08 382.10 Td (Agent, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.72 370.10 Td (Custodian ) Tj ET Q q 0 0 0 rg BT 100.77 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.71 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.43 370.10 Td (Distributor ) Tj ET Q q 0 0 0 rg BT 178.82 370.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 200.20 370.10 Td (not ) Tj ET Q q 0 0 0 rg BT 215.48 370.10 Td (be ) Tj ET Q q 0 0 0 rg BT 227.42 370.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 252.13 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 266.29 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.01 370.10 Td (rejection ) Tj ET Q q 0 0 0 rg BT 318.49 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.32 370.10 Td (any ) Tj ET Q q 0 0 0 rg BT 346.26 370.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 384.29 370.10 Td (order ) Tj ET Q q 0 0 0 rg BT 407.89 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 422.05 370.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 458.99 370.10 Td (Units.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 352.10 Td (All ) Tj ET Q q 0 0 0 rg BT 58.38 352.10 Td (questions ) Tj ET Q q 0 0 0 rg BT 98.75 352.10 Td (as ) Tj ET Q q 0 0 0 rg BT 109.68 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.06 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.88 352.10 Td (number ) Tj ET Q q 0 0 0 rg BT 168.02 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.95 352.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 208.21 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.14 352.10 Td (each ) Tj ET Q q 0 0 0 rg BT 240.06 352.10 Td (security ) Tj ET Q q 0 0 0 rg BT 274.31 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.69 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.50 352.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 333.21 352.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 375.24 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.28 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.10 352.10 Td (validity) Tj ET Q q 0 0 0 rg BT 437.00 352.10 Td (, ) Tj ET Q q 0 0 0 rg BT 442.10 352.10 Td (form, ) Tj ET Q q 0 0 0 rg BT 466.64 352.10 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 508.12 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.16 352.10 Td (acceptance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 340.10 Td (for ) Tj ET Q q 0 0 0 rg BT 56.85 340.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 87.94 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.46 340.10 Td (any ) Tj ET Q q 0 0 0 rg BT 115.09 340.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 155.05 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.03 340.10 Td (be ) Tj ET Q q 0 0 0 rg BT 176.66 340.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 216.06 340.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 237.14 340.10 Td (be ) Tj ET Q q 0 0 0 rg BT 248.77 340.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 295.95 340.10 Td (by ) Tj ET Q q 0 0 0 rg BT 308.14 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.39 340.10 Td (T) Tj ET Q q 0 0 0 rg BT 328.15 340.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 347.85 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.48 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.73 340.10 Td (T) Tj ET Q q 0 0 0 rg BT 384.49 340.10 Td (rust) Tj ET Q q 0 0 0 rg BT 402.27 340.10 Td (s ) Tj ET Q q 0 0 0 rg BT 408.35 340.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 466.09 340.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 487.17 340.10 Td (be ) Tj ET Q q 0 0 0 rg BT 498.80 340.10 Td (final ) Tj ET Q q 0 0 0 rg BT 519.32 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.95 340.10 Td (binding.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 322.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 54.48 322.10 Td (eation ) Tj ET Q q 0 0 0 rg BT 82.65 322.10 Td (T) Tj ET Q q 0 0 0 rg BT 88.58 322.10 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 135.80 322.10 Td (Fee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.78 322.10 Td (. ) Tj ET Q q 0 0 0 rg BT 155.01 322.10 Td (A) Tj ET Q q 0 0 0 rg BT 161.68 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.90 322.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 186.67 322.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 224.43 322.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 244.70 322.10 Td (creation\) ) Tj ET Q q 0 0 0 rg BT 282.45 322.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 328.54 322.10 Td (fee, ) Tj ET Q q 0 0 0 rg BT 345.47 322.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 378.78 322.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.78 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.22 322.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 426.56 322.10 Td (s ) Tj ET Q q 0 0 0 rg BT 432.67 322.10 Td (custodian, ) Tj ET Q q 0 0 0 rg BT 475.72 322.10 Td (may ) Tj ET Q q 0 0 0 rg BT 495.16 322.10 Td (be ) Tj ET Q q 0 0 0 rg BT 506.81 322.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 542.92 322.10 Td (for ) Tj ET Q q 0 0 0 rg BT 556.80 322.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 310.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 76.94 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.78 310.10 Td (other ) Tj ET Q q 0 0 0 rg BT 118.72 310.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 165.99 310.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 189.39 310.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 233.89 310.10 Td (with ) Tj ET Q q 0 0 0 rg BT 255.07 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.68 310.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 309.62 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.35 310.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 359.18 310.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 384.25 310.10 Td (\(Creation ) Tj ET Q q 0 0 0 rg BT 429.85 310.10 Td (Order ) Tj ET Q q 0 0 0 rg BT 456.58 310.10 Td (Costs\). ) Tj ET Q q 0 0 0 rg BT 492.23 310.10 Td (The ) Tj ET Q q 0 0 0 rg BT 511.18 310.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 548.45 310.10 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 298.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 78.05 298.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 124.76 298.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 139.81 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 154.31 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.37 298.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 192.78 298.10 Td (is ) Tj ET Q q 0 0 0 rg BT 202.29 298.10 Td ($500, ) Tj ET Q q 0 0 0 rg BT 227.64 298.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 271.02 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.19 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.25 298.10 Td (number ) Tj ET Q q 0 0 0 rg BT 330.64 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.81 298.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 379.09 298.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 403.60 298.10 Td (created ) Tj ET Q q 0 0 0 rg BT 435.31 298.10 Td (in ) Tj ET Q q 0 0 0 rg BT 445.93 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.99 298.10 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 510.00 298.10 Td (The ) Tj ET Q q 0 0 0 rg BT 528.39 298.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 551.79 298.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 286.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 69.87 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.07 286.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 121.93 286.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 145.46 286.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 180.64 286.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 227.50 286.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 242.69 286.10 Td (from ) Tj ET Q q 0 0 0 rg BT 265.11 286.10 Td (time ) Tj ET Q q 0 0 0 rg BT 285.86 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.62 286.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 319.66 286.10 Td (The ) Tj ET Q q 0 0 0 rg BT 338.19 286.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 361.72 286.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 396.91 286.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 412.10 286.10 Td (may ) Tj ET Q q 0 0 0 rg BT 432.29 286.10 Td (be ) Tj ET Q q 0 0 0 rg BT 444.72 286.10 Td (waived ) Tj ET Q q 0 0 0 rg BT 476.58 286.10 Td (on ) Tj ET Q q 0 0 0 rg BT 489.56 286.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 519.74 286.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 547.71 286.10 Td (if ) Tj ET Q q 0 0 0 rg BT 556.81 286.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 274.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 66.34 274.10 Td (s ) Tj ET Q q 0 0 0 rg BT 72.55 274.10 Td (custodian ) Tj ET Q q 0 0 0 rg BT 113.19 274.10 Td (has ) Tj ET Q q 0 0 0 rg BT 128.83 274.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 176.13 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.23 274.10 Td (waive ) Tj ET Q q 0 0 0 rg BT 212.42 274.10 Td (some ) Tj ET Q q 0 0 0 rg BT 235.84 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 246.49 274.10 Td (all ) Tj ET Q q 0 0 0 rg BT 258.80 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.45 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.98 274.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 320.73 274.10 Td (Order ) Tj ET Q q 0 0 0 rg BT 346.36 274.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 370.91 274.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 414.32 274.10 Td (with ) Tj ET Q q 0 0 0 rg BT 434.42 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.95 274.10 Td (order ) Tj ET Q q 0 0 0 rg BT 472.36 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 483.01 274.10 Td (another ) Tj ET Q q 0 0 0 rg BT 515.31 274.10 Td (party) Tj ET Q q 0 0 0 rg BT 535.21 274.10 Td (, ) Tj ET Q q 0 0 0 rg BT 540.02 274.10 Td (such ) Tj ET Q q 0 0 0 rg BT 560.67 274.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.17 262.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 88.42 262.10 Td (, ) Tj ET Q q 0 0 0 rg BT 93.42 262.10 Td (has ) Tj ET Q q 0 0 0 rg BT 109.25 262.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 138.40 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.68 262.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 165.62 262.10 Td (such ) Tj ET Q q 0 0 0 rg BT 186.45 262.10 Td (fee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 244.10 Td (In ) Tj ET Q q 0 0 0 rg BT 53.37 244.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 90.69 244.10 Td (a ) Tj ET Q q 0 0 0 rg BT 97.17 244.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 131.41 244.10 Td (fee, ) Tj ET Q q 0 0 0 rg BT 148.16 244.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 181.30 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.12 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.38 244.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 230.48 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.86 244.10 Td (up ) Tj ET Q q 0 0 0 rg BT 252.90 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.72 244.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.20 244.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 311.79 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.17 244.10 Td (2% ) Tj ET Q q 0 0 0 rg BT 337.54 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.91 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.17 244.10 Td (value ) Tj ET Q q 0 0 0 rg BT 385.87 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.24 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.50 244.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 446.98 244.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 470.69 244.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 501.06 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.88 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.14 244.10 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 232.10 Td (may ) Tj ET Q q 0 0 0 rg BT 62.24 232.10 Td (be ) Tj ET Q q 0 0 0 rg BT 73.70 232.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 109.61 232.10 Td (for ) Tj ET Q q 0 0 0 rg BT 123.30 232.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 143.09 232.10 Td (purchases, ) Tj ET Q q 0 0 0 rg BT 187.04 232.10 Td (non-standard ) Tj ET Q q 0 0 0 rg BT 241.27 232.10 Td (orders, ) Tj ET Q q 0 0 0 rg BT 270.79 232.10 Td (or ) Tj ET Q q 0 0 0 rg BT 281.14 232.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 308.71 232.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 328.50 232.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 369.95 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.31 232.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 416.76 232.10 Td (Units. ) Tj ET Q q 0 0 0 rg BT 442.81 232.10 Td (The ) Tj ET Q q 0 0 0 rg BT 460.38 232.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 494.61 232.10 Td (char) Tj ET Q q 0 0 0 rg BT 511.64 232.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 523.10 232.10 Td (is ) Tj ET Q q 0 0 0 rg BT 531.79 232.10 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 220.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 80.88 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.00 220.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 115.54 220.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 157.86 220.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 180.20 220.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 202.80 220.10 Td (brokerage, ) Tj ET Q q 0 0 0 rg BT 247.61 220.10 Td (taxes\) ) Tj ET Q q 0 0 0 rg BT 273.83 220.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 311.16 220.10 Td (with ) Tj ET Q q 0 0 0 rg BT 331.27 220.10 Td (buying ) Tj ET Q q 0 0 0 rg BT 361.39 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.94 220.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 416.04 220.10 Td (with ) Tj ET Q q 0 0 0 rg BT 436.15 220.10 Td (cash. ) Tj ET Q q 0 0 0 rg BT 458.59 220.10 Td (The ) Tj ET Q q 0 0 0 rg BT 476.47 220.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 499.36 220.10 Td (may ) Tj ET Q q 0 0 0 rg BT 518.92 220.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 561.23 220.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 208.10 Td (not ) Tj ET Q q 0 0 0 rg BT 57.85 208.10 Td (char) Tj ET Q q 0 0 0 rg BT 74.88 208.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 86.39 208.10 Td (a ) Tj ET Q q 0 0 0 rg BT 92.90 208.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 127.17 208.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 141.45 208.10 Td (on ) Tj ET Q q 0 0 0 rg BT 153.52 208.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 182.80 208.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 209.86 208.10 Td (when ) Tj ET Q q 0 0 0 rg BT 233.59 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.42 208.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 281.15 208.10 Td (has ) Tj ET Q q 0 0 0 rg BT 296.55 208.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 343.61 208.10 Td (that ) Tj ET Q q 0 0 0 rg BT 360.67 208.10 Td (doing ) Tj ET Q q 0 0 0 rg BT 385.52 208.10 Td (so ) Tj ET Q q 0 0 0 rg BT 396.49 208.10 Td (is ) Tj ET Q q 0 0 0 rg BT 405.23 208.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.08 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.37 208.10 Td (best ) Tj ET Q q 0 0 0 rg BT 447.55 208.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 482.94 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.35 208.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 515.98 208.10 Td (shareholders, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 196.10 Td (e.g., ) Tj ET Q q 0 0 0 rg BT 63.01 196.10 Td (for ) Tj ET Q q 0 0 0 rg BT 77.74 196.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 113.01 196.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 141.07 196.10 Td (that ) Tj ET Q q 0 0 0 rg BT 159.13 196.10 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 197.17 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.46 196.10 Td (rebalance ) Tj ET Q q 0 0 0 rg BT 253.83 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.23 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.51 196.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 303.85 196.10 Td (s ) Tj ET Q q 0 0 0 rg BT 310.81 196.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 348.88 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.73 196.10 Td (a ) Tj ET Q q 0 0 0 rg BT 367.23 196.10 Td (more ) Tj ET Q q 0 0 0 rg BT 390.85 196.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 406.13 196.10 Td (ef) Tj ET Q q 0 0 0 rg BT 413.72 196.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 442.33 196.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 475.39 196.10 Td (than ) Tj ET Q q 0 0 0 rg BT 495.67 196.10 Td (could ) Tj ET Q q 0 0 0 rg BT 520.96 196.10 Td (be ) Tj ET Q q 0 0 0 rg BT 533.47 196.10 Td (achieved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 184.10 Td (without ) Tj ET Q q 0 0 0 rg BT 76.55 184.10 Td (such ) Tj ET Q q 0 0 0 rg BT 97.87 184.10 Td (order) Tj ET Q q 0 0 0 rg BT 118.42 184.10 Td (. ) Tj ET Q q 0 0 0 rg BT 123.91 184.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 163.56 184.10 Td (who ) Tj ET Q q 0 0 0 rg BT 183.78 184.10 Td (use ) Tj ET Q q 0 0 0 rg BT 200.10 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.31 184.10 Td (services ) Tj ET Q q 0 0 0 rg BT 250.51 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.83 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.26 184.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 298.35 184.10 Td (or ) Tj ET Q q 0 0 0 rg BT 309.67 184.10 Td (other ) Tj ET Q q 0 0 0 rg BT 333.21 184.10 Td (such ) Tj ET Q q 0 0 0 rg BT 354.53 184.10 Td (intermediary ) Tj ET Q q 0 0 0 rg BT 408.62 184.10 Td (may ) Tj ET Q q 0 0 0 rg BT 428.82 184.10 Td (be ) Tj ET Q q 0 0 0 rg BT 441.25 184.10 Td (char) Tj ET Q q 0 0 0 rg BT 458.28 184.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 475.71 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 483.14 184.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 498.34 184.10 Td (for ) Tj ET Q q 0 0 0 rg BT 512.99 184.10 Td (such ) Tj ET Q q 0 0 0 rg BT 534.32 184.10 Td (services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 172.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 82.16 172.10 Td (are ) Tj ET Q q 0 0 0 rg BT 96.87 172.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 144.91 172.10 Td (for ) Tj ET Q q 0 0 0 rg BT 159.07 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.79 172.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 196.84 172.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 219.34 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.17 172.10 Td (transferring ) Tj ET Q q 0 0 0 rg BT 279.31 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.03 172.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 317.09 172.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 359.03 172.10 Td (from ) Tj ET Q q 0 0 0 rg BT 380.96 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.50 172.10 Td (T) Tj ET Q q 0 0 0 rg BT 401.26 172.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 418.76 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.04 172.10 Td (their ) Tj ET Q q 0 0 0 rg BT 449.86 172.10 Td (account ) Tj ET Q q 0 0 0 rg BT 483.45 172.10 Td (or ) Tj ET Q q 0 0 0 rg BT 494.28 172.10 Td (on ) Tj ET Q q 0 0 0 rg BT 506.78 172.10 Td (their ) Tj ET Q q 0 0 0 rg BT 527.61 172.10 Td (order) Tj ET Q q 0 0 0 rg BT 548.16 172.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 154.10 Td (Risks ) Tj ET Q q 0 0 0 rg BT 69.08 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.14 154.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 96.07 154.10 Td (chasing ) Tj ET Q q 0 0 0 rg BT 131.03 154.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 142.51 154.10 Td (eation ) Tj ET Q q 0 0 0 rg BT 171.35 154.10 Td (Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.13 154.10 Td (. ) Tj ET Q q 0 0 0 rg BT 199.17 154.10 Td (There ) Tj ET Q q 0 0 0 rg BT 225.21 154.10 Td (are ) Tj ET Q q 0 0 0 rg BT 240.15 154.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 270.09 154.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 292.25 154.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 313.88 154.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 343.83 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.34 154.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 393.18 154.10 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 439.79 154.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 476.95 154.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 501.35 154.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 534.63 154.10 Td (from ) Tj ET Q q 0 0 0 rg BT 556.80 154.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 142.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 68.19 142.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 103.64 142.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 132.43 142.10 Td (may ) Tj ET Q q 0 0 0 rg BT 151.78 142.10 Td (be ) Tj ET Q q 0 0 0 rg BT 163.35 142.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 190.48 142.10 Td (on ) Tj ET Q q 0 0 0 rg BT 202.61 142.10 Td (an ) Tj ET Q q 0 0 0 rg BT 214.18 142.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 249.09 142.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 273.72 142.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.29 142.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 337.41 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.88 142.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 376.67 142.10 Td (could ) Tj ET Q q 0 0 0 rg BT 401.02 142.10 Td (be ) Tj ET Q q 0 0 0 rg BT 412.58 142.10 Td (occurring ) Tj ET Q q 0 0 0 rg BT 453.03 142.10 Td (at ) Tj ET Q q 0 0 0 rg BT 462.38 142.10 Td (any ) Tj ET Q q 0 0 0 rg BT 478.95 142.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 501.35 142.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 532.92 142.10 Td (activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 130.10 Td (that ) Tj ET Q q 0 0 0 rg BT 60.60 130.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.65 130.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 116.90 130.10 Td (performs ) Tj ET Q q 0 0 0 rg BT 155.61 130.10 Td (as ) Tj ET Q q 0 0 0 rg BT 166.54 130.10 Td (a ) Tj ET Q q 0 0 0 rg BT 173.59 130.10 Td (dealer ) Tj ET Q q 0 0 0 rg BT 200.62 130.10 Td (could, ) Tj ET Q q 0 0 0 rg BT 227.95 130.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 272.21 130.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.82 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.64 130.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 361.39 130.10 Td (result ) Tj ET Q q 0 0 0 rg BT 386.21 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.60 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.42 130.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 460.68 130.10 Td (being ) Tj ET Q q 0 0 0 rg BT 485.50 130.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 519.20 130.10 Td (a ) Tj ET Q q 0 0 0 rg BT 526.25 130.10 Td (participant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 53.64 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.72 118.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 117.70 118.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.34 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 135.64 118.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 168.49 118.10 Td (that ) Tj ET Q q 0 0 0 rg BT 186.35 118.10 Td (could ) Tj ET Q q 0 0 0 rg BT 211.43 118.10 Td (render ) Tj ET Q q 0 0 0 rg BT 239.83 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.91 118.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 304.42 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 311.73 118.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 349.58 118.10 Td (underwriter ) Tj ET Q q 0 0 0 rg BT 399.09 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.40 118.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 447.58 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.23 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.31 118.10 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 518.94 118.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 554.57 118.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 106.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 76.27 106.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 120.10 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.59 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.97 106.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 186.09 106.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 205.19 106.10 Td (For ) Tj ET Q q 0 0 0 rg BT 221.25 106.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 259.78 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 266.38 106.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 315.19 106.10 Td (could ) Tj ET Q q 0 0 0 rg BT 339.57 106.10 Td (be ) Tj ET Q q 0 0 0 rg BT 351.17 106.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 384.42 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 391.02 106.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 428.18 106.10 Td (underwriter ) Tj ET Q q 0 0 0 rg BT 476.99 106.10 Td (if ) Tj ET Q q 0 0 0 rg BT 485.26 106.10 Td (it ) Tj ET Q q 0 0 0 rg BT 492.98 106.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 534.57 106.10 Td (Creation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 94.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 67.22 94.10 Td (from ) Tj ET Q q 0 0 0 rg BT 89.21 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.98 94.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 129.60 94.10 Td (breaks ) Tj ET Q q 0 0 0 rg BT 158.25 94.10 Td (them ) Tj ET Q q 0 0 0 rg BT 180.80 94.10 Td (down ) Tj ET Q q 0 0 0 rg BT 205.57 94.10 Td (into ) Tj ET Q q 0 0 0 rg BT 223.68 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.45 94.10 Td (constituent ) Tj ET Q q 0 0 0 rg BT 284.88 94.10 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 316.60 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.59 94.10 Td (sells ) Tj ET Q q 0 0 0 rg BT 353.92 94.10 Td (those ) Tj ET Q q 0 0 0 rg BT 377.58 94.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 406.79 94.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 439.89 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.22 94.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 495.82 94.10 Td (or ) Tj ET Q q 0 0 0 rg BT 506.70 94.10 Td (if ) Tj ET Q q 0 0 0 rg BT 515.36 94.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.35 94.10 Td (shareholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 82.10 Td (chooses ) Tj ET Q q 0 0 0 rg BT 77.92 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.95 82.10 Td (couple ) Tj ET Q q 0 0 0 rg BT 118.86 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.34 82.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 169.80 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.38 82.10 Td (a ) Tj ET Q q 0 0 0 rg BT 189.08 82.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 219.01 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.59 82.10 Td (new ) Tj ET Q q 0 0 0 rg BT 250.51 82.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 280.43 82.10 Td (with ) Tj ET Q q 0 0 0 rg BT 301.46 82.10 Td (an ) Tj ET Q q 0 0 0 rg BT 314.16 82.10 Td (active ) Tj ET Q q 0 0 0 rg BT 341.29 82.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 371.21 82.10 Td (ef) Tj ET Q q 0 0 0 rg BT 378.80 82.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 396.49 82.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 438.08 82.10 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 485.78 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.37 82.10 Td (secondary-market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 70.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 77.43 70.10 Td (for ) Tj ET Q q 0 0 0 rg BT 91.87 70.10 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 123.61 70.10 Td (Whether ) Tj ET Q q 0 0 0 rg BT 160.81 70.10 Td (a ) Tj ET Q q 0 0 0 rg BT 168.02 70.10 Td (person ) Tj ET Q q 0 0 0 rg BT 197.46 70.10 Td (is ) Tj ET Q q 0 0 0 rg BT 206.91 70.10 Td (an ) Tj ET Q q 0 0 0 rg BT 219.12 70.10 Td (underwriter ) Tj ET Q q 0 0 0 rg BT 268.55 70.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 304.09 70.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 326.87 70.10 Td (all ) Tj ET Q q 0 0 0 rg BT 339.64 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.75 70.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.74 70.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 387.40 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.61 70.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 464.03 70.10 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 507.35 70.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.91 70.10 Td (that ) Tj ET Q q 0 0 0 rg BT 535.68 70.10 Td (person) Tj ET Q q 0 0 0 rg BT 565.12 70.10 Td (s ) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 83.84 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.51 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.97 742.10 Td (examples ) Tj ET Q q 0 0 0 rg BT 154.97 742.10 Td (mentioned ) Tj ET Q q 0 0 0 rg BT 199.42 742.10 Td (here ) Tj ET Q q 0 0 0 rg BT 218.87 742.10 Td (should ) Tj ET Q q 0 0 0 rg BT 247.78 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 262.79 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 274.47 742.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 320.03 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 326.70 742.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 365.59 742.10 Td (description ) Tj ET Q q 0 0 0 rg BT 412.27 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.83 742.10 Td (all ) Tj ET Q q 0 0 0 rg BT 435.07 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.52 742.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 487.86 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 505.09 742.10 Td (could ) Tj ET Q q 0 0 0 rg BT 529.55 742.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 554.00 742.10 Td (you ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 53.28 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 65.22 730.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 98.81 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 110.75 730.10 Td (underwriter) Tj ET Q q 0 0 0 rg BT 156.84 730.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 712.10 Td (Dealers ) Tj ET Q q 0 0 0 rg BT 76.91 712.10 Td (who ) Tj ET Q q 0 0 0 rg BT 97.50 712.10 Td (are ) Tj ET Q q 0 0 0 rg BT 113.07 712.10 Td (not ) Tj ET Q q 0 0 0 rg BT 129.22 712.10 Td (underwriters ) Tj ET Q q 0 0 0 rg BT 192.00 712.10 Td (but ) Tj ET Q q 0 0 0 rg BT 208.15 712.10 Td (are ) Tj ET Q q 0 0 0 rg BT 223.73 712.10 Td (participating ) Tj ET Q q 0 0 0 rg BT 277.63 712.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.78 712.10 Td (a ) Tj ET Q q 0 0 0 rg BT 296.59 712.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 346.07 712.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 361.10 712.10 Td (opposed ) Tj ET Q q 0 0 0 rg BT 397.80 712.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.95 712.10 Td (engaging ) Tj ET Q q 0 0 0 rg BT 448.97 712.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.12 712.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 497.37 712.10 Td (secondary-market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 700.10 Td (transactions\), ) Tj ET Q q 0 0 0 rg BT 98.64 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.12 700.10 Td (thus ) Tj ET Q q 0 0 0 rg BT 133.83 700.10 Td (dealing ) Tj ET Q q 0 0 0 rg BT 165.31 700.10 Td (with ) Tj ET Q q 0 0 0 rg BT 185.13 700.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 213.83 700.10 Td (as ) Tj ET Q q 0 0 0 rg BT 224.21 700.10 Td (part ) Tj ET Q q 0 0 0 rg BT 241.80 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.17 700.10 Td (an ) Tj ET Q q 0 0 0 rg BT 263.65 700.10 Td (unsold ) Tj ET Q q 0 0 0 rg BT 296.81 700.10 Td (allotment ) Tj ET Q q 0 0 0 rg BT 341.06 700.10 Td (within ) Tj ET Q q 0 0 0 rg BT 368.66 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.92 700.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 419.39 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.77 700.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 461.81 700.10 Td (4\(a\)\(3\)\(C\) ) Tj ET Q q 0 0 0 rg BT 504.94 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.31 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.57 700.10 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 688.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 62.44 688.10 Td (will ) Tj ET Q q 0 0 0 rg BT 80.50 688.10 Td (be ) Tj ET Q q 0 0 0 rg BT 92.43 688.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 121.59 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.87 688.10 Td (take ) Tj ET Q q 0 0 0 rg BT 151.02 688.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 194.05 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.88 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.60 688.10 Td (prospectus ) Tj ET Q q 0 0 0 rg BT 264.87 688.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 300.13 688.10 Td (exemption ) Tj ET Q q 0 0 0 rg BT 344.85 688.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 382.89 688.10 Td (by ) Tj ET Q q 0 0 0 rg BT 395.39 688.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 427.89 688.10 Td (4\(a\)\(3\) ) Tj ET Q q 0 0 0 rg BT 458.15 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.98 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.69 688.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 525.08 688.10 Td (Act.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 670.10 Td (Redemption) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.22 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 100.17 670.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 129.28 670.10 Td (may ) Tj ET Q q 0 0 0 rg BT 148.95 670.10 Td (be ) Tj ET Q q 0 0 0 rg BT 160.84 670.10 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 202.16 670.10 Td (only ) Tj ET Q q 0 0 0 rg BT 222.38 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.61 670.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 269.50 670.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 293.62 670.10 Td (at ) Tj ET Q q 0 0 0 rg BT 303.29 670.10 Td (their ) Tj ET Q q 0 0 0 rg BT 324.06 670.10 Td (NA) Tj ET Q q 0 0 0 rg BT 337.22 670.10 Td (V) Tj ET Q q 0 0 0 rg BT 344.26 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.71 670.10 Td (next ) Tj ET Q q 0 0 0 rg BT 366.38 670.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 413.81 670.10 Td (after ) Tj ET Q q 0 0 0 rg BT 434.58 670.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 464.23 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.01 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 481.90 670.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 529.89 670.10 Td (request ) Tj ET Q q 0 0 0 rg BT 561.22 670.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 658.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 71.36 658.10 Td (form ) Tj ET Q q 0 0 0 rg BT 93.07 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 105.33 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.82 658.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 142.64 658.10 Td (through ) Tj ET Q q 0 0 0 rg BT 176.02 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.34 658.10 Td (T) Tj ET Q q 0 0 0 rg BT 196.09 658.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 225.62 658.10 Td (Agent ) Tj ET Q q 0 0 0 rg BT 252.32 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.03 658.10 Td (only ) Tj ET Q q 0 0 0 rg BT 289.07 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 301.34 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 308.04 658.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 345.87 658.10 Td (Day) Tj ET Q q 0 0 0 rg BT 361.88 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 366.64 658.10 Td (EXCEPT) Tj ET Q q 0 0 0 rg BT 404.24 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.51 658.10 Td (UPON ) Tj ET Q q 0 0 0 rg BT 436.00 658.10 Td (LIQUIDA) Tj ET Q q 0 0 0 rg BT 476.55 658.10 Td (TION ) Tj ET Q q 0 0 0 rg BT 502.69 658.10 Td (OF ) Tj ET Q q 0 0 0 rg BT 517.58 658.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 539.28 658.10 Td (FUND, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 646.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 64.16 646.10 Td (TRUST) Tj ET Q q 0 0 0 rg BT 95.65 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.38 646.10 Td (WILL) Tj ET Q q 0 0 0 rg BT 121.99 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.85 646.10 Td (NOT) Tj ET Q q 0 0 0 rg BT 144.22 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.08 646.10 Td (REDEEM ) Tj ET Q q 0 0 0 rg BT 189.04 646.10 Td (SHARES ) Tj ET Q q 0 0 0 rg BT 229.25 646.10 Td (IN ) Tj ET Q q 0 0 0 rg BT 241.24 646.10 Td (AMOUNTS ) Tj ET Q q 0 0 0 rg BT 292.55 646.10 Td (LESS ) Tj ET Q q 0 0 0 rg BT 317.61 646.10 Td (THAN ) Tj ET Q q 0 0 0 rg BT 347.25 646.10 Td (CREA) Tj ET Q q 0 0 0 rg BT 372.81 646.10 Td (TION ) Tj ET Q q 0 0 0 rg BT 398.55 646.10 Td (UNITS. ) Tj ET Q q 0 0 0 rg BT 432.35 646.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 470.87 646.10 Td (must ) Tj ET Q q 0 0 0 rg BT 492.17 646.10 Td (accumulate ) Tj ET Q q 0 0 0 rg BT 539.56 646.10 Td (enough ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 634.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 72.12 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 82.36 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.04 634.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 140.03 634.10 Td (market ) Tj ET Q q 0 0 0 rg BT 170.26 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.49 634.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 221.84 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 228.73 634.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 265.63 634.10 Td (Unit ) Tj ET Q q 0 0 0 rg BT 285.87 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.10 634.10 Td (have ) Tj ET Q q 0 0 0 rg BT 317.44 634.10 Td (such ) Tj ET Q q 0 0 0 rg BT 338.23 634.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 367.35 634.10 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 408.67 634.10 Td (by ) Tj ET Q q 0 0 0 rg BT 421.13 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.63 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 441.39 634.10 Td (rust. ) Tj ET Q q 0 0 0 rg BT 461.17 634.10 Td (There ) Tj ET Q q 0 0 0 rg BT 486.95 634.10 Td (can ) Tj ET Q q 0 0 0 rg BT 503.28 634.10 Td (be ) Tj ET Q q 0 0 0 rg BT 515.18 634.10 Td (no ) Tj ET Q q 0 0 0 rg BT 527.64 634.10 Td (assurance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 622.10 Td (however) Tj ET Q q 0 0 0 rg BT 77.03 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 81.45 622.10 Td (that ) Tj ET Q q 0 0 0 rg BT 98.37 622.10 Td (there ) Tj ET Q q 0 0 0 rg BT 120.27 622.10 Td (will ) Tj ET Q q 0 0 0 rg BT 137.75 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 149.11 622.10 Td (suf) Tj ET Q q 0 0 0 rg BT 161.15 622.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 188.62 622.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 224.43 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.13 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.27 622.10 Td (public ) Tj ET Q q 0 0 0 rg BT 275.18 622.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 305.43 622.10 Td (market ) Tj ET Q q 0 0 0 rg BT 335.11 622.10 Td (at ) Tj ET Q q 0 0 0 rg BT 344.25 622.10 Td (any ) Tj ET Q q 0 0 0 rg BT 360.61 622.10 Td (time ) Tj ET Q q 0 0 0 rg BT 380.31 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.01 622.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 418.03 622.10 Td (assembly ) Tj ET Q q 0 0 0 rg BT 457.17 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.42 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.78 622.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 510.14 622.10 Td (Unit. ) Tj ET Q q 0 0 0 rg BT 532.34 622.10 Td (Investors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 610.10 Td (should ) Tj ET Q q 0 0 0 rg BT 71.21 610.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 98.84 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.16 610.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 130.25 610.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 171.76 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.74 610.10 Td (other ) Tj ET Q q 0 0 0 rg BT 209.83 610.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 231.37 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.68 610.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 286.10 610.10 Td (with ) Tj ET Q q 0 0 0 rg BT 305.41 610.10 Td (assembling ) Tj ET Q q 0 0 0 rg BT 351.95 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 357.93 610.10 Td (suf) Tj ET Q q 0 0 0 rg BT 369.97 610.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 397.05 610.10 Td (number ) Tj ET Q q 0 0 0 rg BT 429.14 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.00 610.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 467.20 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.52 610.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 516.94 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.92 610.10 Td (redeemable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 598.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 79.93 598.10 Td (Unit.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 580.10 Td (W) Tj ET Q q 0 0 0 rg BT 52.04 580.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 64.08 580.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 93.89 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.15 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.86 580.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 141.41 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.11 580.10 Td (Custodian, ) Tj ET Q q 0 0 0 rg BT 199.66 580.10 Td (through ) Tj ET Q q 0 0 0 rg BT 232.25 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.96 580.10 Td (NSCC, ) Tj ET Q q 0 0 0 rg BT 276.07 580.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 303.11 580.10 Td (available ) Tj ET Q q 0 0 0 rg BT 340.68 580.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 361.61 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.88 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.58 580.10 Td (opening ) Tj ET Q q 0 0 0 rg BT 418.29 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.11 580.10 Td (business ) Tj ET Q q 0 0 0 rg BT 463.49 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 474.97 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.68 580.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 529.59 580.10 Td (\(currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 568.10 Td (9:30 ) Tj ET Q q 0 0 0 rg BT 63.26 568.10 Td (a.m., ) Tj ET Q q 0 0 0 rg BT 85.45 568.10 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 117.74 568.10 Td (T) Tj ET Q q 0 0 0 rg BT 123.49 568.10 Td (ime\) ) Tj ET Q q 0 0 0 rg BT 144.30 568.10 Td (on ) Tj ET Q q 0 0 0 rg BT 156.77 568.10 Td (each ) Tj ET Q q 0 0 0 rg BT 177.57 568.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 215.61 568.10 Td (Day) Tj ET Q q 0 0 0 rg BT 231.62 568.10 Td (, ) Tj ET Q q 0 0 0 rg BT 236.60 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.29 568.10 Td (list ) Tj ET Q q 0 0 0 rg BT 265.99 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.80 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.50 568.10 Td (names ) Tj ET Q q 0 0 0 rg BT 319.52 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.44 568.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 361.69 568.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 403.05 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.85 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.55 568.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 451.89 568.10 Td (s ) Tj ET Q q 0 0 0 rg BT 458.26 568.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 495.73 568.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 535.97 568.10 Td (that ) Tj ET Q q 0 0 0 rg BT 553.45 568.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 556.10 Td (be ) Tj ET Q q 0 0 0 rg BT 55.31 556.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 99.28 556.10 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 133.81 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.46 556.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 180.11 556.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 229.64 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 240.84 556.10 Td (correction\) ) Tj ET Q q 0 0 0 rg BT 287.58 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.24 556.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 346.65 556.10 Td (requests ) Tj ET Q q 0 0 0 rg BT 382.30 556.10 Td (received ) Tj ET Q q 0 0 0 rg BT 419.03 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.69 556.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 458.66 556.10 Td (form ) Tj ET Q q 0 0 0 rg BT 480.97 556.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 495.51 556.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 528.37 556.10 Td (below\) ) Tj ET Q q 0 0 0 rg BT 559.01 556.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 544.10 Td (that ) Tj ET Q q 0 0 0 rg BT 60.50 544.10 Td (day ) Tj ET Q q 0 0 0 rg BT 77.43 544.10 Td (\(Fund ) Tj ET Q q 0 0 0 rg BT 108.26 544.10 Td (Securities\). ) Tj ET Q q 0 0 0 rg BT 160.47 544.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 183.53 544.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 225.46 544.10 Td (received ) Tj ET Q q 0 0 0 rg BT 261.82 544.10 Td (on ) Tj ET Q q 0 0 0 rg BT 274.32 544.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 322.37 544.10 Td (may ) Tj ET Q q 0 0 0 rg BT 342.08 544.10 Td (not ) Tj ET Q q 0 0 0 rg BT 357.36 544.10 Td (be ) Tj ET Q q 0 0 0 rg BT 369.30 544.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 406.23 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.51 544.10 Td (Deposit ) Tj ET Q q 0 0 0 rg BT 450.11 544.10 Td (Securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 526.10 Td (Redemption ) Tj ET Q q 0 0 0 rg BT 94.20 526.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 132.05 526.10 Td (for ) Tj ET Q q 0 0 0 rg BT 146.03 526.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.79 526.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 189.54 526.10 Td (Unit ) Tj ET Q q 0 0 0 rg BT 209.63 526.10 Td (are ) Tj ET Q q 0 0 0 rg BT 224.15 526.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 243.69 526.10 Td (either ) Tj ET Q q 0 0 0 rg BT 268.77 526.10 Td (in-kind ) Tj ET Q q 0 0 0 rg BT 299.97 526.10 Td (or ) Tj ET Q q 0 0 0 rg BT 310.62 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.71 526.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 343.30 526.10 Td (or ) Tj ET Q q 0 0 0 rg BT 353.95 526.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 406.25 526.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 439.39 526.10 Td (as ) Tj ET Q q 0 0 0 rg BT 450.03 526.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 497.33 526.10 Td (by ) Tj ET Q q 0 0 0 rg BT 509.65 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.01 526.10 Td (T) Tj ET Q q 0 0 0 rg BT 529.77 526.10 Td (rust. ) Tj ET Q q 0 0 0 rg BT 549.42 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 558.46 526.10 Td (ith ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 514.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 74.11 514.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.68 514.10 Td (in-kind ) Tj ET Q q 0 0 0 rg BT 116.36 514.10 Td (redemptions ) Tj ET Q q 0 0 0 rg BT 168.59 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.72 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.73 514.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 220.58 514.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 268.92 514.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 307.25 514.10 Td (for ) Tj ET Q q 0 0 0 rg BT 321.71 514.10 Td (a ) Tj ET Q q 0 0 0 rg BT 328.94 514.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 366.17 514.10 Td (Unit ) Tj ET Q q 0 0 0 rg BT 386.74 514.10 Td (will ) Tj ET Q q 0 0 0 rg BT 405.09 514.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 435.66 514.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.79 514.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 470.14 514.10 Td (Securitiesas ) Tj ET Q q 0 0 0 rg BT 525.70 514.10 Td (announced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 502.10 Td (by ) Tj ET Q q 0 0 0 rg BT 56.12 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 71.45 502.10 Td (Custodian ) Tj ET Q q 0 0 0 rg BT 115.12 502.10 Td (on ) Tj ET Q q 0 0 0 rg BT 128.24 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.57 502.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 182.25 502.10 Td (Day ) Tj ET Q q 0 0 0 rg BT 202.03 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.48 502.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.81 502.10 Td (request ) Tj ET Q q 0 0 0 rg BT 260.80 502.10 Td (for ) Tj ET Q q 0 0 0 rg BT 275.58 502.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 324.24 502.10 Td (received ) Tj ET Q q 0 0 0 rg BT 361.22 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.11 502.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 401.33 502.10 Td (form ) Tj ET Q q 0 0 0 rg BT 423.88 502.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 443.67 502.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 464.55 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.45 502.10 Td (an ) Tj ET Q q 0 0 0 rg BT 488.00 502.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 521.12 502.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 545.89 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 556.78 502.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 490.10 Td (dif) Tj ET Q q 0 0 0 rg BT 53.93 490.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 85.85 490.10 Td (between ) Tj ET Q q 0 0 0 rg BT 121.67 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.39 490.10 Td (NA) Tj ET Q q 0 0 0 rg BT 149.54 490.10 Td (V) Tj ET Q q 0 0 0 rg BT 156.58 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.09 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.92 490.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 199.09 490.10 Td (being ) Tj ET Q q 0 0 0 rg BT 223.81 490.10 Td (redeemed, ) Tj ET Q q 0 0 0 rg BT 267.68 490.10 Td (as ) Tj ET Q q 0 0 0 rg BT 278.51 490.10 Td (next ) Tj ET Q q 0 0 0 rg BT 298.23 490.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 345.72 490.10 Td (after ) Tj ET Q q 0 0 0 rg BT 366.54 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 373.48 490.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 403.19 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.03 490.10 Td (a ) Tj ET Q q 0 0 0 rg BT 420.97 490.10 Td (request ) Tj ET Q q 0 0 0 rg BT 452.35 490.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.63 490.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 491.24 490.10 Td (form, ) Tj ET Q q 0 0 0 rg BT 515.68 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.62 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 547.35 490.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.56 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.00 478.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 90.79 478.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 132.45 478.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 150.22 478.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 176.89 478.10 Td (Redemption ) Tj ET Q q 0 0 0 rg BT 227.50 478.10 Td (Amount\), ) Tj ET Q q 0 0 0 rg BT 272.78 478.10 Td (less ) Tj ET Q q 0 0 0 rg BT 290.00 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 296.67 478.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 319.44 478.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 367.21 478.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 413.31 478.10 Td (fee, ) Tj ET Q q 0 0 0 rg BT 430.24 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 440.80 478.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 486.62 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 497.17 478.10 Td (set ) Tj ET Q q 0 0 0 rg BT 510.51 478.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 532.17 478.10 Td (below) Tj ET Q q 0 0 0 rg BT 555.96 478.10 Td (. ) Tj ET Q q 0 0 0 rg BT 560.69 478.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.35 466.10 Td (event ) Tj ET Q q 0 0 0 rg BT 81.15 466.10 Td (that ) Tj ET Q q 0 0 0 rg BT 98.28 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.63 466.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 135.33 466.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 176.91 466.10 Td (have ) Tj ET Q q 0 0 0 rg BT 197.92 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 204.50 466.10 Td (value ) Tj ET Q q 0 0 0 rg BT 228.29 466.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 258.18 466.10 Td (than ) Tj ET Q q 0 0 0 rg BT 277.54 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.89 466.10 Td (NA) Tj ET Q q 0 0 0 rg BT 305.04 466.10 Td (V) Tj ET Q q 0 0 0 rg BT 312.08 466.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.22 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.69 466.10 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 355.99 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 362.56 466.10 Td (compensating ) Tj ET Q q 0 0 0 rg BT 420.24 466.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 440.15 466.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 476.72 466.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 500.51 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.43 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.79 466.10 Td (dif) Tj ET Q q 0 0 0 rg BT 535.71 466.10 Td (ferential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 454.10 Td (is ) Tj ET Q q 0 0 0 rg BT 52.19 454.10 Td (required ) Tj ET Q q 0 0 0 rg BT 88.02 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.31 454.10 Td (be ) Tj ET Q q 0 0 0 rg BT 110.27 454.10 Td (made ) Tj ET Q q 0 0 0 rg BT 134.44 454.10 Td (by ) Tj ET Q q 0 0 0 rg BT 146.96 454.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.81 454.10 Td (through ) Tj ET Q q 0 0 0 rg BT 191.43 454.10 Td (an ) Tj ET Q q 0 0 0 rg BT 202.83 454.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 250.33 454.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 296.17 454.10 Td (by ) Tj ET Q q 0 0 0 rg BT 308.69 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.42 454.10 Td (redeeming ) Tj ET Q q 0 0 0 rg BT 368.14 454.10 Td (shareholder) Tj ET Q q 0 0 0 rg BT 414.24 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 419.25 454.10 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 488.44 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.17 454.10 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 547.06 454.10 Td (at ) Tj ET Q q 0 0 0 rg BT 556.80 454.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 442.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.76 442.10 Td (rust) Tj ET Q q 0 0 0 rg BT 66.54 442.10 Td (s ) Tj ET Q q 0 0 0 rg BT 72.33 442.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 116.16 442.10 Td (an ) Tj ET Q q 0 0 0 rg BT 127.08 442.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 173.97 442.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 219.19 442.10 Td (may ) Tj ET Q q 0 0 0 rg BT 238.31 442.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 269.07 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.19 442.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 342.30 442.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 361.96 442.10 Td (value ) Tj ET Q q 0 0 0 rg BT 385.52 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.75 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.87 442.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 449.53 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 459.21 442.10 Td (lieu ) Tj ET Q q 0 0 0 rg BT 476.11 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.34 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.46 442.10 Td (in-kind ) Tj ET Q q 0 0 0 rg BT 531.25 442.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 430.10 Td (value ) Tj ET Q q 0 0 0 rg BT 67.16 430.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 119.08 430.10 Td (one ) Tj ET Q q 0 0 0 rg BT 136.02 430.10 Td (or ) Tj ET Q q 0 0 0 rg BT 146.85 430.10 Td (more ) Tj ET Q q 0 0 0 rg BT 169.89 430.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 192.96 430.10 Td (Securities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 412.10 Td (Redemption ) Tj ET Q q 0 0 0 rg BT 97.31 412.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.24 412.10 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 150.50 412.10 Td (Fee) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.48 412.10 Td (. ) Tj ET Q q 0 0 0 rg BT 169.74 412.10 Td (A) Tj ET Q q 0 0 0 rg BT 176.41 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.66 412.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 201.46 412.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 249.26 412.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 295.39 412.10 Td (fee, ) Tj ET Q q 0 0 0 rg BT 312.35 412.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 345.70 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.73 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.20 412.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 393.54 412.10 Td (s ) Tj ET Q q 0 0 0 rg BT 399.69 412.10 Td (custodian, ) Tj ET Q q 0 0 0 rg BT 442.77 412.10 Td (may ) Tj ET Q q 0 0 0 rg BT 462.24 412.10 Td (be ) Tj ET Q q 0 0 0 rg BT 473.94 412.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 510.08 412.10 Td (for ) Tj ET Q q 0 0 0 rg BT 523.99 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.46 412.10 Td (transfer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 61.43 400.10 Td (other ) Tj ET Q q 0 0 0 rg BT 85.98 400.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 133.84 400.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 157.84 400.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 202.93 400.10 Td (with ) Tj ET Q q 0 0 0 rg BT 224.70 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.91 400.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 290.45 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.77 400.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 341.20 400.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 366.87 400.10 Td (\(Redemption ) Tj ET Q q 0 0 0 rg BT 427.51 400.10 Td (Order ) Tj ET Q q 0 0 0 rg BT 454.83 400.10 Td (Costs\). ) Tj ET Q q 0 0 0 rg BT 491.04 400.10 Td (The ) Tj ET Q q 0 0 0 rg BT 510.58 400.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 548.45 400.10 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 388.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 91.35 388.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 138.02 388.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 153.03 388.10 Td (for ) Tj ET Q q 0 0 0 rg BT 167.50 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.52 388.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 205.88 388.10 Td (is ) Tj ET Q q 0 0 0 rg BT 215.36 388.10 Td ($500 ) Tj ET Q q 0 0 0 rg BT 238.16 388.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 281.50 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.64 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 307.66 388.10 Td (number ) Tj ET Q q 0 0 0 rg BT 341.01 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.15 388.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 389.38 388.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 413.86 388.10 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 455.52 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.11 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.13 388.10 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 530.10 388.10 Td (The ) Tj ET Q q 0 0 0 rg BT 548.45 388.10 Td (Fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 376.10 Td (may ) Tj ET Q q 0 0 0 rg BT 62.44 376.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 88.54 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.98 376.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 150.75 376.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 196.84 376.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 211.27 376.10 Td (from ) Tj ET Q q 0 0 0 rg BT 232.92 376.10 Td (time ) Tj ET Q q 0 0 0 rg BT 252.92 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.92 376.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 285.25 376.10 Td (The ) Tj ET Q q 0 0 0 rg BT 303.02 376.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 325.79 376.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 373.55 376.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 387.98 376.10 Td (may ) Tj ET Q q 0 0 0 rg BT 407.41 376.10 Td (be ) Tj ET Q q 0 0 0 rg BT 419.07 376.10 Td (waived ) Tj ET Q q 0 0 0 rg BT 450.17 376.10 Td (on ) Tj ET Q q 0 0 0 rg BT 462.39 376.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 491.81 376.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 519.03 376.10 Td (if ) Tj ET Q q 0 0 0 rg BT 527.35 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.79 376.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 565.13 376.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 364.10 Td (custodian ) Tj ET Q q 0 0 0 rg BT 83.67 364.10 Td (has ) Tj ET Q q 0 0 0 rg BT 99.34 364.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 146.66 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.79 364.10 Td (waive ) Tj ET Q q 0 0 0 rg BT 183.00 364.10 Td (some ) Tj ET Q q 0 0 0 rg BT 206.46 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 217.13 364.10 Td (all ) Tj ET Q q 0 0 0 rg BT 229.47 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.14 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.70 364.10 Td (Redemption ) Tj ET Q q 0 0 0 rg BT 305.92 364.10 Td (Order ) Tj ET Q q 0 0 0 rg BT 331.59 364.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 356.16 364.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 399.60 364.10 Td (with ) Tj ET Q q 0 0 0 rg BT 419.72 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.28 364.10 Td (order ) Tj ET Q q 0 0 0 rg BT 457.72 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 468.39 364.10 Td (another ) Tj ET Q q 0 0 0 rg BT 500.72 364.10 Td (party) Tj ET Q q 0 0 0 rg BT 520.62 364.10 Td (, ) Tj ET Q q 0 0 0 rg BT 525.46 364.10 Td (such ) Tj ET Q q 0 0 0 rg BT 546.13 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 556.81 364.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 352.10 Td (Adviser) Tj ET Q q 0 0 0 rg BT 74.26 352.10 Td (, ) Tj ET Q q 0 0 0 rg BT 79.26 352.10 Td (has ) Tj ET Q q 0 0 0 rg BT 95.09 352.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 124.24 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.51 352.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 151.45 352.10 Td (such ) Tj ET Q q 0 0 0 rg BT 172.28 352.10 Td (fee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 334.10 Td (In ) Tj ET Q q 0 0 0 rg BT 53.37 334.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 90.69 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 97.17 334.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 131.41 334.10 Td (fee, ) Tj ET Q q 0 0 0 rg BT 148.16 334.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 181.30 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.12 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.38 334.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 230.48 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.86 334.10 Td (up ) Tj ET Q q 0 0 0 rg BT 252.90 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.72 334.10 Td (a ) Tj ET Q q 0 0 0 rg BT 269.20 334.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 311.79 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.17 334.10 Td (2% ) Tj ET Q q 0 0 0 rg BT 337.54 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.91 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.17 334.10 Td (value ) Tj ET Q q 0 0 0 rg BT 385.87 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.24 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.50 334.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 446.98 334.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 470.69 334.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 501.06 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.88 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.14 334.10 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 322.10 Td (may ) Tj ET Q q 0 0 0 rg BT 63.23 322.10 Td (be ) Tj ET Q q 0 0 0 rg BT 75.68 322.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 112.57 322.10 Td (for ) Tj ET Q q 0 0 0 rg BT 127.24 322.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 148.02 322.10 Td (redemptions, ) Tj ET Q q 0 0 0 rg BT 202.97 322.10 Td (non-standard ) Tj ET Q q 0 0 0 rg BT 258.18 322.10 Td (orders, ) Tj ET Q q 0 0 0 rg BT 288.68 322.10 Td (or ) Tj ET Q q 0 0 0 rg BT 300.02 322.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 328.58 322.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 349.35 322.10 Td (redemptions ) Tj ET Q q 0 0 0 rg BT 401.80 322.10 Td (\(when ) Tj ET Q q 0 0 0 rg BT 429.80 322.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 450.58 322.10 Td (redemptions ) Tj ET Q q 0 0 0 rg BT 503.02 322.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.24 322.10 Td (available\) ) Tj ET Q q 0 0 0 rg BT 560.67 322.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 310.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 80.84 310.10 Td (Units. ) Tj ET Q q 0 0 0 rg BT 108.18 310.10 Td (The ) Tj ET Q q 0 0 0 rg BT 127.13 310.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 162.74 310.10 Td (char) Tj ET Q q 0 0 0 rg BT 179.77 310.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 192.62 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 202.70 310.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 243.32 310.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 282.28 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.46 310.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 319.08 310.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 362.48 310.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 385.89 310.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 409.57 310.10 Td (brokerage, ) Tj ET Q q 0 0 0 rg BT 455.45 310.10 Td (taxes\) ) Tj ET Q q 0 0 0 rg BT 482.74 310.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 521.15 310.10 Td (with ) Tj ET Q q 0 0 0 rg BT 542.33 310.10 Td (selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 298.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 81.05 298.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 121.86 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.69 298.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 161.85 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 169.34 298.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 190.16 298.10 Td (redemption. ) Tj ET Q q 0 0 0 rg BT 241.04 298.10 Td (The ) Tj ET Q q 0 0 0 rg BT 259.63 298.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 283.25 298.10 Td (may ) Tj ET Q q 0 0 0 rg BT 303.52 298.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 346.55 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.38 298.10 Td (not ) Tj ET Q q 0 0 0 rg BT 373.21 298.10 Td (char) Tj ET Q q 0 0 0 rg BT 390.24 298.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 402.73 298.10 Td (a ) Tj ET Q q 0 0 0 rg BT 410.22 298.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 445.47 298.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 460.73 298.10 Td (on ) Tj ET Q q 0 0 0 rg BT 473.78 298.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 504.03 298.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 532.08 298.10 Td (when ) Tj ET Q q 0 0 0 rg BT 556.79 298.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 286.10 Td (Adviser ) Tj ET Q q 0 0 0 rg BT 76.81 286.10 Td (has ) Tj ET Q q 0 0 0 rg BT 92.28 286.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 139.41 286.10 Td (that ) Tj ET Q q 0 0 0 rg BT 156.55 286.10 Td (doing ) Tj ET Q q 0 0 0 rg BT 181.47 286.10 Td (so ) Tj ET Q q 0 0 0 rg BT 192.51 286.10 Td (is ) Tj ET Q q 0 0 0 rg BT 201.33 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.25 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.61 286.10 Td (best ) Tj ET Q q 0 0 0 rg BT 243.87 286.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 279.34 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.82 286.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 312.52 286.10 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 367.71 286.10 Td (e.g., ) Tj ET Q q 0 0 0 rg BT 386.79 286.10 Td (for ) Tj ET Q q 0 0 0 rg BT 400.60 286.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 434.95 286.10 Td (orders ) Tj ET Q q 0 0 0 rg BT 462.08 286.10 Td (that ) Tj ET Q q 0 0 0 rg BT 479.22 286.10 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 516.34 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.71 286.10 Td (rebalance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.83 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.55 274.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 91.89 274.10 Td (s ) Tj ET Q q 0 0 0 rg BT 98.28 274.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 135.77 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 146.05 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.99 274.10 Td (more ) Tj ET Q q 0 0 0 rg BT 176.04 274.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 190.75 274.10 Td (ef) Tj ET Q q 0 0 0 rg BT 198.34 274.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 226.38 274.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 258.87 274.10 Td (than ) Tj ET Q q 0 0 0 rg BT 278.59 274.10 Td (could ) Tj ET Q q 0 0 0 rg BT 303.30 274.10 Td (be ) Tj ET Q q 0 0 0 rg BT 315.24 274.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 353.27 274.10 Td (without ) Tj ET Q q 0 0 0 rg BT 386.33 274.10 Td (such ) Tj ET Q q 0 0 0 rg BT 407.16 274.10 Td (order) Tj ET Q q 0 0 0 rg BT 427.71 274.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 256.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 81.63 256.10 Td (who ) Tj ET Q q 0 0 0 rg BT 100.82 256.10 Td (use ) Tj ET Q q 0 0 0 rg BT 116.12 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.31 256.10 Td (services ) Tj ET Q q 0 0 0 rg BT 164.48 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.78 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 181.19 256.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 209.26 256.10 Td (or ) Tj ET Q q 0 0 0 rg BT 219.56 256.10 Td (other ) Tj ET Q q 0 0 0 rg BT 242.07 256.10 Td (such ) Tj ET Q q 0 0 0 rg BT 262.37 256.10 Td (intermediary ) Tj ET Q q 0 0 0 rg BT 315.43 256.10 Td (may ) Tj ET Q q 0 0 0 rg BT 334.62 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 346.02 256.10 Td (char) Tj ET Q q 0 0 0 rg BT 363.05 256.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 379.46 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 385.87 256.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 400.04 256.10 Td (for ) Tj ET Q q 0 0 0 rg BT 413.67 256.10 Td (such ) Tj ET Q q 0 0 0 rg BT 433.97 256.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 470.65 256.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 509.28 256.10 Td (are ) Tj ET Q q 0 0 0 rg BT 523.45 256.10 Td (responsible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 244.10 Td (for ) Tj ET Q q 0 0 0 rg BT 57.16 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 71.88 244.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 94.92 244.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 117.42 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.25 244.10 Td (transferring ) Tj ET Q q 0 0 0 rg BT 177.40 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.12 244.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 215.18 244.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 257.11 244.10 Td (from ) Tj ET Q q 0 0 0 rg BT 279.05 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.59 244.10 Td (T) Tj ET Q q 0 0 0 rg BT 299.34 244.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 316.84 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.12 244.10 Td (their ) Tj ET Q q 0 0 0 rg BT 347.95 244.10 Td (account ) Tj ET Q q 0 0 0 rg BT 381.54 244.10 Td (or ) Tj ET Q q 0 0 0 rg BT 392.37 244.10 Td (on ) Tj ET Q q 0 0 0 rg BT 404.87 244.10 Td (their ) Tj ET Q q 0 0 0 rg BT 425.70 244.10 Td (order) Tj ET Q q 0 0 0 rg BT 446.24 244.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 226.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 53.37 226.10 Td (ocedur) Tj ET Q q 0 0 0 rg BT 82.62 226.10 Td (es ) Tj ET Q q 0 0 0 rg BT 93.40 226.10 Td (for) Tj ET Q q 0 0 0 rg BT 105.99 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 108.44 226.10 Td (Redemption ) Tj ET Q q 0 0 0 rg BT 163.11 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.89 226.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 185.37 226.10 Td (eation ) Tj ET Q q 0 0 0 rg BT 213.93 226.10 Td (Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.72 226.10 Td (. ) Tj ET Q q 0 0 0 rg BT 241.67 226.10 Td (Orders ) Tj ET Q q 0 0 0 rg BT 271.33 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.56 226.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 313.43 226.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 350.31 226.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 374.43 226.10 Td (must ) Tj ET Q q 0 0 0 rg BT 396.33 226.10 Td (be ) Tj ET Q q 0 0 0 rg BT 408.22 226.10 Td (submitted ) Tj ET Q q 0 0 0 rg BT 450.12 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.34 226.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 488.89 226.10 Td (form ) Tj ET Q q 0 0 0 rg BT 510.78 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.01 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.50 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 541.26 226.10 Td (ransfer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.10 Td (Agent ) Tj ET Q q 0 0 0 rg BT 69.69 214.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 91.39 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.42 214.10 Td (4:00 ) Tj ET Q q 0 0 0 rg BT 121.45 214.10 Td (p.m. ) Tj ET Q q 0 0 0 rg BT 141.49 214.10 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 173.56 214.10 Td (T) Tj ET Q q 0 0 0 rg BT 179.32 214.10 Td (ime. ) Tj ET Q q 0 0 0 rg BT 198.57 214.10 Td (A) Tj ET Q q 0 0 0 rg BT 205.24 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.50 214.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 255.29 214.10 Td (request ) Tj ET Q q 0 0 0 rg BT 286.43 214.10 Td (is ) Tj ET Q q 0 0 0 rg BT 295.35 214.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 340.92 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.95 214.10 Td (be ) Tj ET Q q 0 0 0 rg BT 362.65 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.68 214.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 405.47 214.10 Td (form ) Tj ET Q q 0 0 0 rg BT 431.60 214.10 Td (if ) Tj ET Q q 0 0 0 rg BT 439.97 214.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 451.66 214.10 Td (an ) Tj ET Q q 0 0 0 rg BT 462.86 214.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 510.10 214.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 555.67 214.10 Td (has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 89.59 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 101.21 202.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 131.71 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.78 202.10 Td (be ) Tj ET Q q 0 0 0 rg BT 155.50 202.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 202.10 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.16 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.43 202.10 Td (T) Tj ET Q q 0 0 0 rg BT 234.19 202.10 Td (rust) Tj ET Q q 0 0 0 rg BT 251.97 202.10 Td (s ) Tj ET Q q 0 0 0 rg BT 258.91 202.10 Td (T) Tj ET Q q 0 0 0 rg BT 264.67 202.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 294.99 202.10 Td (Agent ) Tj ET Q q 0 0 0 rg BT 322.71 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.22 202.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 375.94 202.10 Td (Unit\(s\) ) Tj ET Q q 0 0 0 rg BT 407.56 202.10 Td (being ) Tj ET Q q 0 0 0 rg BT 433.07 202.10 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 475.22 202.10 Td (through ) Tj ET Q q 0 0 0 rg BT 509.61 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.12 202.10 Td (book-entry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 190.10 Td (system ) Tj ET Q q 0 0 0 rg BT 73.14 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 83.83 190.10 Td (DTC ) Tj ET Q q 0 0 0 rg BT 106.18 190.10 Td (so ) Tj ET Q q 0 0 0 rg BT 117.43 190.10 Td (as ) Tj ET Q q 0 0 0 rg BT 128.12 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.26 190.10 Td (be ) Tj ET Q q 0 0 0 rg BT 150.06 190.10 Td (ef) Tj ET Q q 0 0 0 rg BT 157.64 190.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 187.20 190.10 Td (by ) Tj ET Q q 0 0 0 rg BT 199.56 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.14 190.10 Td (time ) Tj ET Q q 0 0 0 rg BT 234.27 190.10 Td (as ) Tj ET Q q 0 0 0 rg BT 244.96 190.10 Td (set ) Tj ET Q q 0 0 0 rg BT 258.42 190.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 280.22 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.36 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.93 190.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 350.09 190.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 396.87 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.67 190.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 428.25 190.10 Td (a ) Tj ET Q q 0 0 0 rg BT 435.04 190.10 Td (request ) Tj ET Q q 0 0 0 rg BT 466.28 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 476.42 190.10 Td (form ) Tj ET Q q 0 0 0 rg BT 498.21 190.10 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 546.66 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 556.80 190.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 178.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.76 178.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 66.36 178.10 Td (is ) Tj ET Q q 0 0 0 rg BT 75.64 178.10 Td (received ) Tj ET Q q 0 0 0 rg BT 112.10 178.10 Td (by ) Tj ET Q q 0 0 0 rg BT 124.71 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.34 178.10 Td (T) Tj ET Q q 0 0 0 rg BT 145.10 178.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 174.89 178.10 Td (Agent ) Tj ET Q q 0 0 0 rg BT 201.93 178.10 Td (from ) Tj ET Q q 0 0 0 rg BT 223.98 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.22 178.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 285.81 178.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 331.74 178.10 Td (on ) Tj ET Q q 0 0 0 rg BT 344.34 178.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 371.93 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.87 178.10 Td (itself ) Tj ET Q q 0 0 0 rg BT 405.47 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 416.40 178.10 Td (another ) Tj ET Q q 0 0 0 rg BT 448.99 178.10 Td (redeeming ) Tj ET Q q 0 0 0 rg BT 493.80 178.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 528.62 178.10 Td (within ) Tj ET Q q 0 0 0 rg BT 556.78 178.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 166.10 Td (time ) Tj ET Q q 0 0 0 rg BT 64.19 166.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 97.05 166.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 136.56 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.75 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.39 166.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 209.37 166.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 259.71 166.10 Td (If ) Tj ET Q q 0 0 0 rg BT 269.79 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.17 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 290.93 166.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 321.35 166.10 Td (Agent ) Tj ET Q q 0 0 0 rg BT 349.21 166.10 Td (does ) Tj ET Q q 0 0 0 rg BT 370.95 166.10 Td (not ) Tj ET Q q 0 0 0 rg BT 387.15 166.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 419.43 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.06 166.10 Td (investor) Tj ET Q q 0 0 0 rg BT 467.65 166.10 Td () Tj ET Q q 0 0 0 rg BT 470.43 166.10 Td (s ) Tj ET Q q 0 0 0 rg BT 477.74 166.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 507.81 166.10 Td (through ) Tj ET Q q 0 0 0 rg BT 542.34 166.10 Td (DTC) Tj ET Q q 0 0 0 rg BT 565.12 166.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 154.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 80.08 154.10 Td (by ) Tj ET Q q 0 0 0 rg BT 92.74 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.61 154.10 Td (times ) Tj ET Q q 0 0 0 rg BT 131.94 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.03 154.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 186.13 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.56 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.43 154.10 Td (other ) Tj ET Q q 0 0 0 rg BT 234.64 154.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 259.51 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.60 154.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 320.92 154.10 Td (set ) Tj ET Q q 0 0 0 rg BT 334.69 154.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 356.78 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 367.22 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.09 154.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 427.48 154.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 477.06 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.94 154.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 540.13 154.10 Td (request ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 142.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 64.39 142.10 Td (be ) Tj ET Q q 0 0 0 rg BT 76.33 142.10 Td (rejected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 124.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.16 124.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 109.51 124.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 156.19 124.10 Td (must ) Tj ET Q q 0 0 0 rg BT 178.99 124.10 Td (transmit ) Tj ET Q q 0 0 0 rg BT 215.13 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.70 124.10 Td (request ) Tj ET Q q 0 0 0 rg BT 262.94 124.10 Td (for ) Tj ET Q q 0 0 0 rg BT 277.95 124.10 Td (redemption, ) Tj ET Q q 0 0 0 rg BT 329.35 124.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.49 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.07 124.10 Td (form ) Tj ET Q q 0 0 0 rg BT 378.86 124.10 Td (required ) Tj ET Q q 0 0 0 rg BT 415.54 124.10 Td (by ) Tj ET Q q 0 0 0 rg BT 428.90 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.23 124.10 Td (T) Tj ET Q q 0 0 0 rg BT 449.98 124.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 470.84 124.10 Td (to ) Tj ET Q q 0 0 0 rg BT 481.98 124.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.31 124.10 Td (T) Tj ET Q q 0 0 0 rg BT 503.07 124.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 533.44 124.10 Td (Agent ) Tj ET Q q 0 0 0 rg BT 561.24 124.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 112.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 90.33 112.10 Td (with ) Tj ET Q q 0 0 0 rg BT 110.48 112.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 156.72 112.10 Td (set ) Tj ET Q q 0 0 0 rg BT 170.20 112.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 192.01 112.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.16 112.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.22 112.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 263.58 112.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 308.74 112.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 358.04 112.10 Td (Investors ) Tj ET Q q 0 0 0 rg BT 397.07 112.10 Td (should ) Tj ET Q q 0 0 0 rg BT 426.11 112.10 Td (be ) Tj ET Q q 0 0 0 rg BT 437.92 112.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 464.16 112.10 Td (that ) Tj ET Q q 0 0 0 rg BT 481.52 112.10 Td (their ) Tj ET Q q 0 0 0 rg BT 502.22 112.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 542.90 112.10 Td (broker ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 100.10 Td (may ) Tj ET Q q 0 0 0 rg BT 62.75 100.10 Td (not ) Tj ET Q q 0 0 0 rg BT 78.06 100.10 Td (have ) Tj ET Q q 0 0 0 rg BT 99.47 100.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 137.54 100.10 Td (an ) Tj ET Q q 0 0 0 rg BT 148.95 100.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 196.47 100.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 241.77 100.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 291.23 100.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.20 100.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 328.23 100.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 369.35 100.10 Td (requests ) Tj ET Q q 0 0 0 rg BT 404.65 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.96 100.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 446.92 100.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 483.89 100.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 508.09 100.10 Td (may ) Tj ET Q q 0 0 0 rg BT 527.84 100.10 Td (have ) Tj ET Q q 0 0 0 rg BT 549.25 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 559.57 100.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 88.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 71.45 88.10 Td (by ) Tj ET Q q 0 0 0 rg BT 83.80 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.37 88.10 Td (investor) Tj ET Q q 0 0 0 rg BT 130.96 88.10 Td () Tj ET Q q 0 0 0 rg BT 133.73 88.10 Td (s ) Tj ET Q q 0 0 0 rg BT 139.98 88.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 168.43 88.10 Td (through ) Tj ET Q q 0 0 0 rg BT 201.89 88.10 Td (an ) Tj ET Q q 0 0 0 rg BT 213.16 88.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 260.50 88.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 306.17 88.10 Td (who ) Tj ET Q q 0 0 0 rg BT 325.75 88.10 Td (has ) Tj ET Q q 0 0 0 rg BT 341.43 88.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 379.31 88.10 Td (an ) Tj ET Q q 0 0 0 rg BT 390.59 88.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 437.92 88.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 483.08 88.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 532.35 88.10 Td (Investors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 76.10 Td (making ) Tj ET Q q 0 0 0 rg BT 74.75 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 80.95 76.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 128.25 76.10 Td (request ) Tj ET Q q 0 0 0 rg BT 158.88 76.10 Td (should ) Tj ET Q q 0 0 0 rg BT 187.31 76.10 Td (be ) Tj ET Q q 0 0 0 rg BT 198.51 76.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 224.13 76.10 Td (that ) Tj ET Q q 0 0 0 rg BT 240.89 76.10 Td (such ) Tj ET Q q 0 0 0 rg BT 260.97 76.10 Td (request ) Tj ET Q q 0 0 0 rg BT 291.61 76.10 Td (must ) Tj ET Q q 0 0 0 rg BT 312.81 76.10 Td (be ) Tj ET Q q 0 0 0 rg BT 324.01 76.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.55 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.52 76.10 Td (form ) Tj ET Q q 0 0 0 rg BT 368.72 76.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 406.57 76.10 Td (by ) Tj ET Q q 0 0 0 rg BT 418.33 76.10 Td (such ) Tj ET Q q 0 0 0 rg BT 438.03 76.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 484.77 76.10 Td (Participant. ) Tj ET Q q 0 0 0 rg BT 532.35 76.10 Td (Investors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 64.10 Td (making ) Tj ET Q q 0 0 0 rg BT 75.34 64.10 Td (a ) Tj ET Q q 0 0 0 rg BT 82.12 64.10 Td (request ) Tj ET Q q 0 0 0 rg BT 113.33 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.45 64.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 155.22 64.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 191.99 64.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 216.01 64.10 Td (should ) Tj ET Q q 0 0 0 rg BT 245.02 64.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 269.57 64.10 Td (suf) Tj ET Q q 0 0 0 rg BT 281.62 64.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 309.50 64.10 Td (time ) Tj ET Q q 0 0 0 rg BT 329.61 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.73 64.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 368.18 64.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 396.62 64.10 Td (submission ) Tj ET Q q 0 0 0 rg BT 443.97 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.64 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.20 64.10 Td (request ) Tj ET Q q 0 0 0 rg BT 500.42 64.10 Td (by ) Tj ET Q q 0 0 0 rg BT 512.76 64.10 Td (an ) Tj ET Q q 0 0 0 rg BT 524.02 64.10 Td (Authorized ) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 88.00 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.12 742.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 136.33 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.34 742.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 174.68 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.14 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.91 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 203.67 742.10 Td (rust) Tj ET Q q 0 0 0 rg BT 221.45 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 226.89 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 232.65 742.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 261.72 742.10 Td (Agent; ) Tj ET Q q 0 0 0 rg BT 290.61 742.10 Td (such ) Tj ET Q q 0 0 0 rg BT 310.62 742.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 348.41 742.10 Td (should ) Tj ET Q q 0 0 0 rg BT 376.76 742.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 400.65 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 413.99 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.89 742.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 469.56 742.10 Td (time ) Tj ET Q q 0 0 0 rg BT 489.01 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 505.68 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 524.58 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 535.70 742.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 55.11 730.10 Td (ef) Tj ET Q q 0 0 0 rg BT 62.69 730.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 82.01 730.10 Td (redemptions ) Tj ET Q q 0 0 0 rg BT 135.77 730.10 Td (through ) Tj ET Q q 0 0 0 rg BT 171.21 730.10 Td (their ) Tj ET Q q 0 0 0 rg BT 193.86 730.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 224.02 730.10 Td (brokers ) Tj ET Q q 0 0 0 rg BT 258.34 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 271.00 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 295.87 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 335.18 730.10 Td (intermediaries ) Tj ET Q q 0 0 0 rg BT 396.71 730.10 Td (if ) Tj ET Q q 0 0 0 rg BT 407.15 730.10 Td (such ) Tj ET Q q 0 0 0 rg BT 429.80 730.10 Td (intermediaries ) Tj ET Q q 0 0 0 rg BT 491.33 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 507.87 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 524.02 730.10 Td (Authorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (Participants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 700.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 90.97 700.10 Td (Redemption ) Tj ET Q q 0 0 0 rg BT 145.59 700.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 155.96 700.10 Td (ocedur) Tj ET Q q 0 0 0 rg BT 185.22 700.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.55 700.10 Td (. ) Tj ET Q q 0 0 0 rg BT 198.45 700.10 Td (In ) Tj ET Q q 0 0 0 rg BT 209.18 700.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 255.45 700.10 Td (with ) Tj ET Q q 0 0 0 rg BT 275.63 700.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 303.02 700.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 338.19 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.92 700.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 377.98 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.71 700.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 411.67 700.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 453.50 700.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 475.90 700.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 523.84 700.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.57 700.10 Td (Creation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 688.10 Td (Units, ) Tj ET Q q 0 0 0 rg BT 70.22 688.10 Td (a ) Tj ET Q q 0 0 0 rg BT 77.71 688.10 Td (redeeming ) Tj ET Q q 0 0 0 rg BT 122.96 688.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 172.65 688.10 Td (or ) Tj ET Q q 0 0 0 rg BT 183.36 688.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 231.39 688.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 277.76 688.10 Td (acting ) Tj ET Q q 0 0 0 rg BT 305.25 688.10 Td (on ) Tj ET Q q 0 0 0 rg BT 318.30 688.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 346.33 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.71 688.10 Td (such ) Tj ET Q q 0 0 0 rg BT 379.09 688.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 428.78 688.10 Td (must ) Tj ET Q q 0 0 0 rg BT 451.28 688.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 489.32 688.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 537.90 688.10 Td (custody ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 676.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 98.97 676.10 Td (with ) Tj ET Q q 0 0 0 rg BT 118.86 676.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.41 676.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 163.06 676.10 Td (broker) Tj ET Q q 0 0 0 rg BT 188.96 676.10 Td (-dealer) Tj ET Q q 0 0 0 rg BT 216.32 676.10 Td (, ) Tj ET Q q 0 0 0 rg BT 220.93 676.10 Td (bank, ) Tj ET Q q 0 0 0 rg BT 244.98 676.10 Td (or ) Tj ET Q q 0 0 0 rg BT 255.42 676.10 Td (other ) Tj ET Q q 0 0 0 rg BT 278.08 676.10 Td (custody ) Tj ET Q q 0 0 0 rg BT 311.29 676.10 Td (providers ) Tj ET Q q 0 0 0 rg BT 351.17 676.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.06 676.10 Td (each ) Tj ET Q q 0 0 0 rg BT 381.49 676.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 429.15 676.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.04 676.10 Td (which ) Tj ET Q q 0 0 0 rg BT 465.59 676.10 Td (any ) Tj ET Q q 0 0 0 rg BT 482.14 676.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.58 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.91 676.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 529.58 676.10 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 664.10 Td (are ) Tj ET Q q 0 0 0 rg BT 57.43 664.10 Td (customarily ) Tj ET Q q 0 0 0 rg BT 106.87 664.10 Td (traded, ) Tj ET Q q 0 0 0 rg BT 136.58 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.59 664.10 Td (which ) Tj ET Q q 0 0 0 rg BT 173.25 664.10 Td (account ) Tj ET Q q 0 0 0 rg BT 206.57 664.10 Td (such ) Tj ET Q q 0 0 0 rg BT 227.13 664.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 249.92 664.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 291.58 664.10 Td (will ) Tj ET Q q 0 0 0 rg BT 309.36 664.10 Td (be ) Tj ET Q q 0 0 0 rg BT 321.03 664.10 Td (delivered. ) Tj ET Q q 0 0 0 rg BT 362.96 664.10 Td (Deliveries ) Tj ET Q q 0 0 0 rg BT 406.28 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.83 664.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 464.60 664.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 502.37 664.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 541.79 664.10 Td (will ) Tj ET Q q 0 0 0 rg BT 559.58 664.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 652.10 Td (made ) Tj ET Q q 0 0 0 rg BT 67.16 652.10 Td (within ) Tj ET Q q 0 0 0 rg BT 95.21 652.10 Td (two ) Tj ET Q q 0 0 0 rg BT 112.71 652.10 Td (business ) Tj ET Q q 0 0 0 rg BT 149.10 652.10 Td (days ) Tj ET Q q 0 0 0 rg BT 169.93 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.76 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.48 652.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 217.97 652.10 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 634.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.24 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 66.00 634.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 82.82 634.10 Td (may ) Tj ET Q q 0 0 0 rg BT 101.86 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 111.46 634.10 Td (its ) Tj ET Q q 0 0 0 rg BT 122.73 634.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 163.99 634.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 198.57 634.10 Td (its ) Tj ET Q q 0 0 0 rg BT 209.84 634.10 Td (option ) Tj ET Q q 0 0 0 rg BT 237.22 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 246.82 634.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 278.07 634.10 Td (such ) Tj ET Q q 0 0 0 rg BT 298.22 634.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 326.71 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.31 634.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 358.40 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.67 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.71 634.10 Td (redeeming ) Tj ET Q q 0 0 0 rg BT 432.73 634.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 466.77 634.10 Td (will ) Tj ET Q q 0 0 0 rg BT 484.15 634.10 Td (be ) Tj ET Q q 0 0 0 rg BT 495.41 634.10 Td (required ) Tj ET Q q 0 0 0 rg BT 530.55 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.16 634.10 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 622.10 Td (its ) Tj ET Q q 0 0 0 rg BT 55.10 622.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 103.30 622.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 141.50 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.93 622.10 Td (cash. ) Tj ET Q q 0 0 0 rg BT 174.86 622.10 Td (In ) Tj ET Q q 0 0 0 rg BT 185.84 622.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 223.77 622.10 Td (an ) Tj ET Q q 0 0 0 rg BT 235.87 622.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 270.74 622.10 Td (may ) Tj ET Q q 0 0 0 rg BT 290.61 622.10 Td (request ) Tj ET Q q 0 0 0 rg BT 322.15 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 329.24 622.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 377.44 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 387.87 622.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 408.30 622.10 Td (that ) Tj ET Q q 0 0 0 rg BT 425.95 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.82 622.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 464.04 622.10 Td (may) Tj ET Q q 0 0 0 rg BT 480.61 622.10 Td (, ) Tj ET Q q 0 0 0 rg BT 485.76 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.20 622.10 Td (its ) Tj ET Q q 0 0 0 rg BT 508.30 622.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 527.07 622.10 Td (discretion, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 610.10 Td (permit. ) Tj ET Q q 0 0 0 rg BT 74.83 610.10 Td (In ) Tj ET Q q 0 0 0 rg BT 86.39 610.10 Td (either ) Tj ET Q q 0 0 0 rg BT 112.38 610.10 Td (case, ) Tj ET Q q 0 0 0 rg BT 135.31 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.75 610.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 186.20 610.10 Td (will ) Tj ET Q q 0 0 0 rg BT 204.98 610.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 237.07 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.73 610.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 265.73 610.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 303.39 610.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 328.27 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.28 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.72 610.10 Td (NA) Tj ET Q q 0 0 0 rg BT 367.87 610.10 Td (V) Tj ET Q q 0 0 0 rg BT 374.92 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 378.14 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.70 610.10 Td (its ) Tj ET Q q 0 0 0 rg BT 402.37 610.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 432.26 610.10 Td (based ) Tj ET Q q 0 0 0 rg BT 458.25 610.10 Td (on ) Tj ET Q q 0 0 0 rg BT 471.48 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.92 610.10 Td (NA) Tj ET Q q 0 0 0 rg BT 500.08 610.10 Td (V) Tj ET Q q 0 0 0 rg BT 507.12 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 510.35 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.90 610.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 551.79 610.10 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 598.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 90.30 598.10 Td (after ) Tj ET Q q 0 0 0 rg BT 110.94 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.48 598.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 173.34 598.10 Td (request ) Tj ET Q q 0 0 0 rg BT 204.54 598.10 Td (is ) Tj ET Q q 0 0 0 rg BT 213.53 598.10 Td (received ) Tj ET Q q 0 0 0 rg BT 249.71 598.10 Td (in ) Tj ET Q q 0 0 0 rg BT 259.81 598.10 Td (proper ) Tj ET Q q 0 0 0 rg BT 288.23 598.10 Td (form ) Tj ET Q q 0 0 0 rg BT 309.99 598.10 Td (\(minus ) Tj ET Q q 0 0 0 rg BT 340.09 598.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.85 598.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 394.71 598.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 440.90 598.10 Td (fee, ) Tj ET Q q 0 0 0 rg BT 457.93 598.10 Td (if ) Tj ET Q q 0 0 0 rg BT 466.36 598.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 512.27 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.03 598.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 586.10 Td (char) Tj ET Q q 0 0 0 rg BT 60.03 586.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 71.69 586.10 Td (for ) Tj ET Q q 0 0 0 rg BT 85.58 586.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 126.13 586.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 146.13 586.10 Td (redemptions ) Tj ET Q q 0 0 0 rg BT 197.79 586.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 236.11 586.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 264.72 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.72 586.10 Td (of) Tj ET Q q 0 0 0 rg BT 282.87 586.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 299.54 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.83 586.10 Td (T) Tj ET Q q 0 0 0 rg BT 319.58 586.10 Td (rust) Tj ET Q q 0 0 0 rg BT 337.36 586.10 Td (s ) Tj ET Q q 0 0 0 rg BT 343.48 586.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 385.69 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.35 586.10 Td (other ) Tj ET Q q 0 0 0 rg BT 425.13 586.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 471.23 586.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 493.46 586.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 536.78 586.10 Td (with ) Tj ET Q q 0 0 0 rg BT 556.79 586.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 574.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 89.90 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.23 574.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 124.80 574.10 Td (Securities\). ) Tj ET Q q 0 0 0 rg BT 172.85 574.10 Td (The ) Tj ET Q q 0 0 0 rg BT 191.40 574.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 214.96 574.10 Td (may ) Tj ET Q q 0 0 0 rg BT 235.18 574.10 Td (also, ) Tj ET Q q 0 0 0 rg BT 256.79 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.57 574.10 Td (its ) Tj ET Q q 0 0 0 rg BT 280.02 574.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 299.14 574.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 344.07 574.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 367.08 574.10 Td (request ) Tj ET Q q 0 0 0 rg BT 398.96 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.29 574.10 Td (a ) Tj ET Q q 0 0 0 rg BT 417.73 574.10 Td (shareholder) Tj ET Q q 0 0 0 rg BT 463.97 574.10 Td (, ) Tj ET Q q 0 0 0 rg BT 469.48 574.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 503.03 574.10 Td (such ) Tj ET Q q 0 0 0 rg BT 524.36 574.10 Td (redeemer ) Tj ET Q q 0 0 0 rg BT 564.56 574.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 562.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 80.46 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.26 562.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 131.49 562.10 Td (that ) Tj ET Q q 0 0 0 rg BT 148.95 562.10 Td (dif) Tj ET Q q 0 0 0 rg BT 159.88 562.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 177.33 562.10 Td (from ) Tj ET Q q 0 0 0 rg BT 199.24 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.92 562.10 Td (exact ) Tj ET Q q 0 0 0 rg BT 237.48 562.10 Td (composition ) Tj ET Q q 0 0 0 rg BT 289.39 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.18 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.87 562.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 337.89 562.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 379.79 562.10 Td (but ) Tj ET Q q 0 0 0 rg BT 395.04 562.10 Td (does ) Tj ET Q q 0 0 0 rg BT 415.83 562.10 Td (not ) Tj ET Q q 0 0 0 rg BT 431.08 562.10 Td (dif) Tj ET Q q 0 0 0 rg BT 442.00 562.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 455.57 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.81 562.10 Td (NA) Tj ET Q q 0 0 0 rg BT 478.97 562.10 Td (V) Tj ET Q q 0 0 0 rg BT 484.90 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 489.69 562.10 Td (The ) Tj ET Q q 0 0 0 rg BT 507.70 562.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 530.73 562.10 Td (may ) Tj ET Q q 0 0 0 rg BT 550.41 562.10 Td (also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 54.53 550.10 Td (its ) Tj ET Q q 0 0 0 rg BT 67.73 550.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 87.60 550.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 133.28 550.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 157.04 550.10 Td (request ) Tj ET Q q 0 0 0 rg BT 189.67 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.75 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 209.95 550.10 Td (shareholder) Tj ET Q q 0 0 0 rg BT 256.19 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 262.44 550.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 296.75 550.10 Td (such ) Tj ET Q q 0 0 0 rg BT 318.83 550.10 Td (redeemer ) Tj ET Q q 0 0 0 rg BT 359.78 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 367.97 550.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 406.72 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.80 550.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 460.32 550.10 Td (that ) Tj ET Q q 0 0 0 rg BT 479.07 550.10 Td (dif) Tj ET Q q 0 0 0 rg BT 490.00 550.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 508.74 550.10 Td (from ) Tj ET Q q 0 0 0 rg BT 531.93 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 547.90 550.10 Td (exact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 538.10 Td (composition ) Tj ET Q q 0 0 0 rg BT 94.94 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.77 538.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.49 538.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 143.55 538.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 185.49 538.10 Td (but ) Tj ET Q q 0 0 0 rg BT 200.76 538.10 Td (does ) Tj ET Q q 0 0 0 rg BT 221.59 538.10 Td (not ) Tj ET Q q 0 0 0 rg BT 236.87 538.10 Td (dif) Tj ET Q q 0 0 0 rg BT 247.80 538.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 261.40 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.68 538.10 Td (NA) Tj ET Q q 0 0 0 rg BT 284.83 538.10 Td (V) Tj ET Q q 0 0 0 rg BT 290.76 538.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 520.10 Td (Redemptions ) Tj ET Q q 0 0 0 rg BT 98.79 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.13 520.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 139.81 520.10 Td (for ) Tj ET Q q 0 0 0 rg BT 154.48 520.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 178.06 520.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 220.50 520.10 Td (will ) Tj ET Q q 0 0 0 rg BT 239.07 520.10 Td (be ) Tj ET Q q 0 0 0 rg BT 251.53 520.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 282.87 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.66 520.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 342.76 520.10 Td (with ) Tj ET Q q 0 0 0 rg BT 363.55 520.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 407.66 520.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 438.43 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.88 520.10 Td (state ) Tj ET Q q 0 0 0 rg BT 477.22 520.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 518.00 520.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 539.34 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 556.79 520.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 66.31 508.10 Td (\(whether ) Tj ET Q q 0 0 0 rg BT 104.60 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 115.69 508.10 Td (not ) Tj ET Q q 0 0 0 rg BT 131.22 508.10 Td (it ) Tj ET Q q 0 0 0 rg BT 139.53 508.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 181.16 508.10 Td (permits ) Tj ET Q q 0 0 0 rg BT 213.91 508.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 234.43 508.10 Td (redemptions\) ) Tj ET Q q 0 0 0 rg BT 289.94 508.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 325.46 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.43 508.10 Td (right ) Tj ET Q q 0 0 0 rg BT 362.07 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.60 508.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 404.77 508.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 441.96 508.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 466.38 508.10 Td (for ) Tj ET Q q 0 0 0 rg BT 480.80 508.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 501.32 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.85 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.82 508.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 554.00 508.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.64 496.10 Td (T) Tj ET Q q 0 0 0 rg BT 63.40 496.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 81.00 496.10 Td (could ) Tj ET Q q 0 0 0 rg BT 105.83 496.10 Td (not ) Tj ET Q q 0 0 0 rg BT 121.22 496.10 Td (lawfully ) Tj ET Q q 0 0 0 rg BT 157.15 496.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 187.53 496.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 221.23 496.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 244.40 496.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 286.45 496.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 309.06 496.10 Td (redemptions ) Tj ET Q q 0 0 0 rg BT 361.10 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 372.04 496.10 Td (could ) Tj ET Q q 0 0 0 rg BT 396.87 496.10 Td (not ) Tj ET Q q 0 0 0 rg BT 412.25 496.10 Td (do ) Tj ET Q q 0 0 0 rg BT 424.86 496.10 Td (so ) Tj ET Q q 0 0 0 rg BT 436.37 496.10 Td (without ) Tj ET Q q 0 0 0 rg BT 469.53 496.10 Td (first ) Tj ET Q q 0 0 0 rg BT 488.25 496.10 Td (registering ) Tj ET Q q 0 0 0 rg BT 533.62 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.45 496.10 Td (Fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 484.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 85.10 484.10 Td (under ) Tj ET Q q 0 0 0 rg BT 110.53 484.10 Td (such ) Tj ET Q q 0 0 0 rg BT 131.52 484.10 Td (laws. ) Tj ET Q q 0 0 0 rg BT 154.43 484.10 Td (An ) Tj ET Q q 0 0 0 rg BT 168.73 484.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 216.38 484.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 262.36 484.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.35 484.10 Td (an ) Tj ET Q q 0 0 0 rg BT 285.45 484.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 320.33 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.66 484.10 Td (which ) Tj ET Q q 0 0 0 rg BT 361.76 484.10 Td (it ) Tj ET Q q 0 0 0 rg BT 369.98 484.10 Td (is ) Tj ET Q q 0 0 0 rg BT 379.31 484.10 Td (acting ) Tj ET Q q 0 0 0 rg BT 406.41 484.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 437.40 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.84 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 454.94 484.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 477.04 484.10 Td (restriction ) Tj ET Q q 0 0 0 rg BT 520.25 484.10 Td (with ) Tj ET Q q 0 0 0 rg BT 540.69 484.10 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 53.95 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 61.55 472.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 103.03 472.10 Td (security ) Tj ET Q q 0 0 0 rg BT 137.86 472.10 Td (included ) Tj ET Q q 0 0 0 rg BT 175.46 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.41 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.79 472.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 225.52 472.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 268.13 472.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 312.38 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.33 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.72 472.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 387.43 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.93 472.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 436.53 472.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 461.37 472.10 Td (may ) Tj ET Q q 0 0 0 rg BT 481.75 472.10 Td (be ) Tj ET Q q 0 0 0 rg BT 494.36 472.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 514.75 472.10 Td (an ) Tj ET Q q 0 0 0 rg BT 527.36 472.10 Td (equivalent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 460.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 75.40 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.13 460.10 Td (cash. ) Tj ET Q q 0 0 0 rg BT 108.63 460.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.06 460.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 173.45 460.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 219.17 460.10 Td (may ) Tj ET Q q 0 0 0 rg BT 238.79 460.10 Td (request ) Tj ET Q q 0 0 0 rg BT 270.07 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.70 460.10 Td (redeeming ) Tj ET Q q 0 0 0 rg BT 329.30 460.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 363.92 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.66 460.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 403.72 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.91 460.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 452.96 460.10 Td (an ) Tj ET Q q 0 0 0 rg BT 464.81 460.10 Td (order ) Tj ET Q q 0 0 0 rg BT 488.31 460.10 Td (form ) Tj ET Q q 0 0 0 rg BT 510.15 460.10 Td (or ) Tj ET Q q 0 0 0 rg BT 520.89 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.07 460.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 553.46 460.10 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 448.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 91.46 448.10 Td (with ) Tj ET Q q 0 0 0 rg BT 112.17 448.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 143.42 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.13 448.10 Td (such ) Tj ET Q q 0 0 0 rg BT 175.39 448.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 207.75 448.10 Td (as ) Tj ET Q q 0 0 0 rg BT 219.02 448.10 Td (compensating ) Tj ET Q q 0 0 0 rg BT 277.49 448.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 298.19 448.10 Td (payment. ) Tj ET Q q 0 0 0 rg BT 338.05 448.10 Td (Further) Tj ET Q q 0 0 0 rg BT 367.09 448.10 Td (, ) Tj ET Q q 0 0 0 rg BT 372.52 448.10 Td (an ) Tj ET Q q 0 0 0 rg BT 384.25 448.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 432.16 448.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 478.41 448.10 Td (that ) Tj ET Q q 0 0 0 rg BT 496.34 448.10 Td (is ) Tj ET Q q 0 0 0 rg BT 505.94 448.10 Td (not ) Tj ET Q q 0 0 0 rg BT 521.65 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.02 448.10 Td (qualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 436.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 92.72 436.10 Td (buyer ) Tj ET Q q 0 0 0 rg BT 121.87 436.10 Td (\(QIB\), ) Tj ET Q q 0 0 0 rg BT 159.06 436.10 Td (as ) Tj ET Q q 0 0 0 rg BT 169.33 436.10 Td (such ) Tj ET Q q 0 0 0 rg BT 189.60 436.10 Td (term ) Tj ET Q q 0 0 0 rg BT 209.87 436.10 Td (is ) Tj ET Q q 0 0 0 rg BT 218.48 436.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 250.40 436.10 Td (under ) Tj ET Q q 0 0 0 rg BT 275.11 436.10 Td (Rule144A) Tj ET Q q 0 0 0 rg BT 318.17 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 320.11 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.38 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.54 436.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 385.48 436.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 404.36 436.10 Td (will ) Tj ET Q q 0 0 0 rg BT 421.86 436.10 Td (not ) Tj ET Q q 0 0 0 rg BT 436.57 436.10 Td (be ) Tj ET Q q 0 0 0 rg BT 447.95 436.10 Td (able ) Tj ET Q q 0 0 0 rg BT 466.55 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 476.27 436.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 507.07 436.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 529.57 436.10 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 424.10 Td (that ) Tj ET Q q 0 0 0 rg BT 60.60 424.10 Td (are ) Tj ET Q q 0 0 0 rg BT 75.41 424.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 115.21 424.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 155.57 424.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 188.17 424.10 Td (for ) Tj ET Q q 0 0 0 rg BT 202.43 424.10 Td (resale ) Tj ET Q q 0 0 0 rg BT 228.34 424.10 Td (under ) Tj ET Q q 0 0 0 rg BT 253.71 424.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 275.20 424.10 Td (144A. ) Tj ET Q q 0 0 0 rg BT 301.95 424.10 Td (An ) Tj ET Q q 0 0 0 rg BT 316.20 424.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 363.79 424.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 409.71 424.10 Td (may ) Tj ET Q q 0 0 0 rg BT 429.53 424.10 Td (be ) Tj ET Q q 0 0 0 rg BT 441.57 424.10 Td (required ) Tj ET Q q 0 0 0 rg BT 477.49 424.10 Td (by ) Tj ET Q q 0 0 0 rg BT 490.09 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.72 424.10 Td (T) Tj ET Q q 0 0 0 rg BT 510.47 424.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 528.08 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.46 424.10 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 412.10 Td (a ) Tj ET Q q 0 0 0 rg BT 49.94 412.10 Td (written ) Tj ET Q q 0 0 0 rg BT 80.76 412.10 Td (confirmation ) Tj ET Q q 0 0 0 rg BT 134.91 412.10 Td (with ) Tj ET Q q 0 0 0 rg BT 155.19 412.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 186.01 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.29 412.10 Td (QIB ) Tj ET Q q 0 0 0 rg BT 216.01 412.10 Td (status ) Tj ET Q q 0 0 0 rg BT 241.29 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.56 412.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 282.93 412.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 305.99 412.10 Td (Securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 394.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.63 394.10 Td (right ) Tj ET Q q 0 0 0 rg BT 81.59 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.00 394.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 139.62 394.10 Td (may ) Tj ET Q q 0 0 0 rg BT 158.92 394.10 Td (be ) Tj ET Q q 0 0 0 rg BT 170.44 394.10 Td (suspended ) Tj ET Q q 0 0 0 rg BT 214.17 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 224.58 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.88 394.10 Td (date ) Tj ET Q q 0 0 0 rg BT 257.61 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.02 394.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 304.54 394.10 Td (postponed ) Tj ET Q q 0 0 0 rg BT 347.72 394.10 Td (with ) Tj ET Q q 0 0 0 rg BT 367.58 394.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 397.98 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.83 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.13 394.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 444.77 394.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 458.51 394.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.25 394.10 Td (any ) Tj ET Q q 0 0 0 rg BT 488.77 394.10 Td (period ) Tj ET Q q 0 0 0 rg BT 516.39 394.10 Td (during ) Tj ET Q q 0 0 0 rg BT 544.58 394.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.05 382.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 98.31 382.10 Td (is ) Tj ET Q q 0 0 0 rg BT 106.82 382.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 134.20 382.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 159.91 382.10 Td (than ) Tj ET Q q 0 0 0 rg BT 178.97 382.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 222.46 382.10 Td (weekend ) Tj ET Q q 0 0 0 rg BT 259.83 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.11 382.10 Td (holiday ) Tj ET Q q 0 0 0 rg BT 307.94 382.10 Td (closings\); ) Tj ET Q q 0 0 0 rg BT 348.66 382.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 362.16 382.10 Td (for ) Tj ET Q q 0 0 0 rg BT 375.65 382.10 Td (any ) Tj ET Q q 0 0 0 rg BT 391.93 382.10 Td (period ) Tj ET Q q 0 0 0 rg BT 419.31 382.10 Td (during ) Tj ET Q q 0 0 0 rg BT 447.25 382.10 Td (which ) Tj ET Q q 0 0 0 rg BT 473.53 382.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 503.69 382.10 Td (on ) Tj ET Q q 0 0 0 rg BT 515.52 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.58 382.10 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 370.10 Td (is ) Tj ET Q q 0 0 0 rg BT 51.50 370.10 Td (suspended ) Tj ET Q q 0 0 0 rg BT 94.99 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 105.15 370.10 Td (restricted; ) Tj ET Q q 0 0 0 rg BT 146.96 370.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 160.44 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 173.93 370.10 Td (any ) Tj ET Q q 0 0 0 rg BT 190.20 370.10 Td (period ) Tj ET Q q 0 0 0 rg BT 217.58 370.10 Td (during ) Tj ET Q q 0 0 0 rg BT 245.51 370.10 Td (which ) Tj ET Q q 0 0 0 rg BT 271.78 370.10 Td (an ) Tj ET Q q 0 0 0 rg BT 283.05 370.10 Td (emer) Tj ET Q q 0 0 0 rg BT 302.85 370.10 Td (gency ) Tj ET Q q 0 0 0 rg BT 328.56 370.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 353.16 370.10 Td (as ) Tj ET Q q 0 0 0 rg BT 363.32 370.10 Td (a ) Tj ET Q q 0 0 0 rg BT 369.59 370.10 Td (result ) Tj ET Q q 0 0 0 rg BT 393.63 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.79 370.10 Td (which ) Tj ET Q q 0 0 0 rg BT 430.06 370.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 464.67 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.83 370.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 503.31 370.10 Td (or ) Tj ET Q q 0 0 0 rg BT 513.47 370.10 Td (determination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.83 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.55 358.10 Td (NA) Tj ET Q q 0 0 0 rg BT 81.70 358.10 Td (V) Tj ET Q q 0 0 0 rg BT 88.74 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.24 358.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.07 358.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 131.23 358.10 Td (is ) Tj ET Q q 0 0 0 rg BT 140.40 358.10 Td (not ) Tj ET Q q 0 0 0 rg BT 155.68 358.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 201.50 358.10 Td (practicable; ) Tj ET Q q 0 0 0 rg BT 250.63 358.10 Td (or ) Tj ET Q q 0 0 0 rg BT 261.46 358.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 275.62 358.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.90 358.10 Td (such ) Tj ET Q q 0 0 0 rg BT 306.73 358.10 Td (other ) Tj ET Q q 0 0 0 rg BT 329.78 358.10 Td (circumstance ) Tj ET Q q 0 0 0 rg BT 385.03 358.10 Td (as ) Tj ET Q q 0 0 0 rg BT 395.86 358.10 Td (is ) Tj ET Q q 0 0 0 rg BT 405.03 358.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 445.85 358.10 Td (by ) Tj ET Q q 0 0 0 rg BT 458.35 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.06 358.10 Td (SEC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 340.10 Td (D) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.22 340.10 Td (ETERMINA) Tj ET Q q 0 0 0 rg BT 99.06 340.10 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.06 340.10 Td ( O) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 132.34 340.10 Td (F) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.84 340.10 Td ( NA) Tj ET Q q 0 0 0 rg BT 153.49 340.10 Td (V) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 322.10 Td (NA) Tj ET Q q 0 0 0 rg BT 56.15 322.10 Td (V) Tj ET Q q 0 0 0 rg BT 63.20 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 65.48 322.10 Td (per ) Tj ET Q q 0 0 0 rg BT 80.54 322.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 105.60 322.10 Td (for ) Tj ET Q q 0 0 0 rg BT 119.54 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.05 322.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 156.90 322.10 Td (is ) Tj ET Q q 0 0 0 rg BT 165.85 322.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 207.58 322.10 Td (by ) Tj ET Q q 0 0 0 rg BT 219.86 322.10 Td (dividing ) Tj ET Q q 0 0 0 rg BT 255.49 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.99 322.10 Td (value ) Tj ET Q q 0 0 0 rg BT 293.93 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.55 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.05 322.10 Td (net ) Tj ET Q q 0 0 0 rg BT 333.56 322.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 359.18 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.79 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.30 322.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 407.15 322.10 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 410.48 322.10 Td (i.e.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.69 322.10 Td (, ) Tj ET Q q 0 0 0 rg BT 427.48 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.99 322.10 Td (value ) Tj ET Q q 0 0 0 rg BT 465.93 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.55 322.10 Td (its ) Tj ET Q q 0 0 0 rg BT 488.28 322.10 Td (total ) Tj ET Q q 0 0 0 rg BT 508.34 322.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 533.96 322.10 Td (less ) Tj ET Q q 0 0 0 rg BT 551.25 322.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 310.10 Td (liabilities\) ) Tj ET Q q 0 0 0 rg BT 85.66 310.10 Td (by ) Tj ET Q q 0 0 0 rg BT 97.76 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.09 310.10 Td (total ) Tj ET Q q 0 0 0 rg BT 131.97 310.10 Td (number ) Tj ET Q q 0 0 0 rg BT 164.63 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.06 310.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 203.83 310.10 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 255.11 310.10 Td (rounded ) Tj ET Q q 0 0 0 rg BT 289.98 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.87 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.20 310.10 Td (nearest ) Tj ET Q q 0 0 0 rg BT 344.62 310.10 Td (cent. ) Tj ET Q q 0 0 0 rg BT 365.88 310.10 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 405.76 310.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.31 310.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 443.01 310.10 Td (including ) Tj ET Q q 0 0 0 rg BT 482.90 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.22 310.10 Td (management ) Tj ET Q q 0 0 0 rg BT 550.42 310.10 Td (fees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 298.10 Td (are ) Tj ET Q q 0 0 0 rg BT 57.60 298.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 91.08 298.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 113.47 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.30 298.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 154.35 298.10 Td (into ) Tj ET Q q 0 0 0 rg BT 172.31 298.10 Td (account ) Tj ET Q q 0 0 0 rg BT 205.80 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 219.85 298.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 257.80 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.52 298.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 319.24 298.10 Td (NA) Tj ET Q q 0 0 0 rg BT 332.39 298.10 Td (V) Tj ET Q q 0 0 0 rg BT 338.32 298.10 Td (. ) Tj ET Q q 0 0 0 rg BT 343.05 298.10 Td (The ) Tj ET Q q 0 0 0 rg BT 360.99 298.10 Td (NA) Tj ET Q q 0 0 0 rg BT 374.14 298.10 Td (V) Tj ET Q q 0 0 0 rg BT 381.18 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.58 298.10 Td (is ) Tj ET Q q 0 0 0 rg BT 392.64 298.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 435.57 298.10 Td (by ) Tj ET Q q 0 0 0 rg BT 447.96 298.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 470.92 298.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 507.19 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.02 298.10 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 286.10 Td (at ) Tj ET Q q 0 0 0 rg BT 52.57 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 67.14 286.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 109.48 286.10 Td (close ) Tj ET Q q 0 0 0 rg BT 132.39 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.07 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.64 286.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 188.31 286.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 218.99 286.10 Td (session ) Tj ET Q q 0 0 0 rg BT 250.24 286.10 Td (on ) Tj ET Q q 0 0 0 rg BT 262.59 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.17 286.10 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 305.63 286.10 Td (\(ordinarily ) Tj ET Q q 0 0 0 rg BT 350.75 286.10 Td (4:00 ) Tj ET Q q 0 0 0 rg BT 370.89 286.10 Td (p.m., ) Tj ET Q q 0 0 0 rg BT 393.52 286.10 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 425.69 286.10 Td (T) Tj ET Q q 0 0 0 rg BT 431.45 286.10 Td (ime\) ) Tj ET Q q 0 0 0 rg BT 452.13 286.10 Td (on ) Tj ET Q q 0 0 0 rg BT 464.48 286.10 Td (each ) Tj ET Q q 0 0 0 rg BT 485.15 286.10 Td (day ) Tj ET Q q 0 0 0 rg BT 501.95 286.10 Td (that ) Tj ET Q q 0 0 0 rg BT 519.30 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.87 286.10 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 562.34 286.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 274.10 Td (open, ) Tj ET Q q 0 0 0 rg BT 67.41 274.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 105.43 274.10 Td (that ) Tj ET Q q 0 0 0 rg BT 122.90 274.10 Td (fixed-income ) Tj ET Q q 0 0 0 rg BT 178.68 274.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 204.49 274.10 Td (may ) Tj ET Q q 0 0 0 rg BT 224.18 274.10 Td (be ) Tj ET Q q 0 0 0 rg BT 236.09 274.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 265.22 274.10 Td (as ) Tj ET Q q 0 0 0 rg BT 276.02 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.82 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.51 274.10 Td (announced ) Tj ET Q q 0 0 0 rg BT 347.30 274.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 378.66 274.10 Td (time ) Tj ET Q q 0 0 0 rg BT 398.91 274.10 Td (for ) Tj ET Q q 0 0 0 rg BT 413.04 274.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 443.84 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 454.09 274.10 Td (fixed-income ) Tj ET Q q 0 0 0 rg BT 509.88 274.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 559.01 274.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 262.10 Td (any ) Tj ET Q q 0 0 0 rg BT 59.94 262.10 Td (day ) Tj ET Q q 0 0 0 rg BT 76.88 262.10 Td (that ) Tj ET Q q 0 0 0 rg BT 94.37 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.09 262.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 151.02 262.10 Td (Industry ) Tj ET Q q 0 0 0 rg BT 186.85 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.79 262.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 243.50 262.10 Td (Markets ) Tj ET Q q 0 0 0 rg BT 278.22 262.10 Td (Association ) Tj ET Q q 0 0 0 rg BT 327.94 262.10 Td (\(SIFMA\) ) Tj ET Q q 0 0 0 rg BT 376.54 262.10 Td (announces ) Tj ET Q q 0 0 0 rg BT 421.25 262.10 Td (an ) Tj ET Q q 0 0 0 rg BT 433.19 262.10 Td (early ) Tj ET Q q 0 0 0 rg BT 455.67 262.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 487.06 262.10 Td (time. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 244.10 Td (In ) Tj ET Q q 0 0 0 rg BT 54.04 244.10 Td (calculating ) Tj ET Q q 0 0 0 rg BT 100.62 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.54 244.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 138.88 244.10 Td (s ) Tj ET Q q 0 0 0 rg BT 145.48 244.10 Td (NA) Tj ET Q q 0 0 0 rg BT 158.64 244.10 Td (V) Tj ET Q q 0 0 0 rg BT 165.68 244.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.39 244.10 Td (per ) Tj ET Q q 0 0 0 rg BT 183.86 244.10 Td (Share, ) Tj ET Q q 0 0 0 rg BT 211.84 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.77 244.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 250.11 244.10 Td (s ) Tj ET Q q 0 0 0 rg BT 256.71 244.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 307.19 244.10 Td (are ) Tj ET Q q 0 0 0 rg BT 322.11 244.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 362.02 244.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 391.38 244.10 Td (using ) Tj ET Q q 0 0 0 rg BT 415.76 244.10 Td (market ) Tj ET Q q 0 0 0 rg BT 446.23 244.10 Td (valuations. ) Tj ET Q q 0 0 0 rg BT 491.95 244.10 Td (A) Tj ET Q q 0 0 0 rg BT 498.62 244.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.33 244.10 Td (market ) Tj ET Q q 0 0 0 rg BT 531.80 244.10 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 232.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 83.19 232.10 Td (means ) Tj ET Q q 0 0 0 rg BT 111.73 232.10 Td (a ) Tj ET Q q 0 0 0 rg BT 119.16 232.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 159.37 232.10 Td (\(i\)obtained ) Tj ET Q q 0 0 0 rg BT 208.73 232.10 Td (from ) Tj ET Q q 0 0 0 rg BT 231.16 232.10 Td (an ) Tj ET Q q 0 0 0 rg BT 243.59 232.10 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 286.84 232.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.27 232.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 325.59 232.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 359.40 232.10 Td (or ) Tj ET Q q 0 0 0 rg BT 370.72 232.10 Td (a ) Tj ET Q q 0 0 0 rg BT 378.15 232.10 Td (major ) Tj ET Q q 0 0 0 rg BT 404.47 232.10 Td (market ) Tj ET Q q 0 0 0 rg BT 435.22 232.10 Td (maker ) Tj ET Q q 0 0 0 rg BT 463.20 232.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 477.85 232.10 Td (dealer\), ) Tj ET Q q 0 0 0 rg BT 511.10 232.10 Td (\(ii\)based ) Tj ET Q q 0 0 0 rg BT 551.58 232.10 Td (on ) Tj ET Q q 0 0 0 rg BT 564.57 232.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 220.10 Td (price ) Tj ET Q q 0 0 0 rg BT 65.00 220.10 Td (quotation ) Tj ET Q q 0 0 0 rg BT 104.79 220.10 Td (or ) Tj ET Q q 0 0 0 rg BT 115.14 220.10 Td (other ) Tj ET Q q 0 0 0 rg BT 137.70 220.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 181.36 220.10 Td (indication ) Tj ET Q q 0 0 0 rg BT 223.37 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.72 220.10 Td (value ) Tj ET Q q 0 0 0 rg BT 257.39 220.10 Td (supplied ) Tj ET Q q 0 0 0 rg BT 293.29 220.10 Td (by ) Tj ET Q q 0 0 0 rg BT 305.30 220.10 Td (an ) Tj ET Q q 0 0 0 rg BT 316.76 220.10 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 359.03 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 365.48 220.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 395.82 220.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 428.65 220.10 Td (or ) Tj ET Q q 0 0 0 rg BT 439.00 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 445.45 220.10 Td (major ) Tj ET Q q 0 0 0 rg BT 470.79 220.10 Td (market ) Tj ET Q q 0 0 0 rg BT 500.57 220.10 Td (maker ) Tj ET Q q 0 0 0 rg BT 527.58 220.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 541.25 220.10 Td (dealer\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 208.10 Td (or ) Tj ET Q q 0 0 0 rg BT 54.25 208.10 Td (\(iii\)based ) Tj ET Q q 0 0 0 rg BT 97.42 208.10 Td (on ) Tj ET Q q 0 0 0 rg BT 110.34 208.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 153.23 208.10 Td (cost. ) Tj ET Q q 0 0 0 rg BT 174.76 208.10 Td (In ) Tj ET Q q 0 0 0 rg BT 186.00 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.13 208.10 Td (case ) Tj ET Q q 0 0 0 rg BT 221.26 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.50 208.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 260.41 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.65 208.10 Td (other ) Tj ET Q q 0 0 0 rg BT 295.11 208.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 320.25 208.10 Td (that ) Tj ET Q q 0 0 0 rg BT 338.16 208.10 Td (are ) Tj ET Q q 0 0 0 rg BT 353.28 208.10 Td (not ) Tj ET Q q 0 0 0 rg BT 368.98 208.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 396.88 208.10 Td (on ) Tj ET Q q 0 0 0 rg BT 409.79 208.10 Td (an ) Tj ET Q q 0 0 0 rg BT 422.15 208.10 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 465.31 208.10 Td (a ) Tj ET Q q 0 0 0 rg BT 472.67 208.10 Td (market ) Tj ET Q q 0 0 0 rg BT 503.35 208.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 543.47 208.10 Td (means ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 196.10 Td (such ) Tj ET Q q 0 0 0 rg BT 64.10 196.10 Td (fund) Tj ET Q q 0 0 0 rg BT 85.20 196.10 Td (s ) Tj ET Q q 0 0 0 rg BT 91.86 196.10 Td (published ) Tj ET Q q 0 0 0 rg BT 133.52 196.10 Td (NA) Tj ET Q q 0 0 0 rg BT 146.67 196.10 Td (V) Tj ET Q q 0 0 0 rg BT 153.71 196.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.48 196.10 Td (per ) Tj ET Q q 0 0 0 rg BT 172.01 196.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 198.18 196.10 Td (The ) Tj ET Q q 0 0 0 rg BT 216.49 196.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 239.82 196.10 Td (may ) Tj ET Q q 0 0 0 rg BT 259.80 196.10 Td (use ) Tj ET Q q 0 0 0 rg BT 275.90 196.10 Td (various ) Tj ET Q q 0 0 0 rg BT 308.10 196.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 339.19 196.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 376.67 196.10 Td (or ) Tj ET Q q 0 0 0 rg BT 387.76 196.10 Td (discontinue ) Tj ET Q q 0 0 0 rg BT 436.63 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.61 196.10 Td (use ) Tj ET Q q 0 0 0 rg BT 467.71 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.81 196.10 Td (any ) Tj ET Q q 0 0 0 rg BT 496.01 196.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 527.10 196.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 560.68 196.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 184.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 82.98 184.10 Td (by ) Tj ET Q q 0 0 0 rg BT 95.75 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.73 184.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 137.94 184.10 Td (from ) Tj ET Q q 0 0 0 rg BT 160.15 184.10 Td (time ) Tj ET Q q 0 0 0 rg BT 180.69 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.24 184.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 213.67 184.10 Td (A) Tj ET Q q 0 0 0 rg BT 220.34 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.11 184.10 Td (price ) Tj ET Q q 0 0 0 rg BT 245.87 184.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 283.07 184.10 Td (from ) Tj ET Q q 0 0 0 rg BT 305.28 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 312.49 184.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 343.59 184.10 Td (service ) Tj ET Q q 0 0 0 rg BT 374.67 184.10 Td (based ) Tj ET Q q 0 0 0 rg BT 400.21 184.10 Td (on ) Tj ET Q q 0 0 0 rg BT 412.98 184.10 Td (such ) Tj ET Q q 0 0 0 rg BT 434.08 184.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 465.18 184.10 Td (service) Tj ET Q q 0 0 0 rg BT 496.27 184.10 Td (s ) Tj ET Q q 0 0 0 rg BT 502.93 184.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 542.91 184.10 Td (matrix ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 172.10 Td (may ) Tj ET Q q 0 0 0 rg BT 63.13 172.10 Td (be ) Tj ET Q q 0 0 0 rg BT 75.49 172.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 121.72 172.10 Td (a ) Tj ET Q q 0 0 0 rg BT 129.08 172.10 Td (market ) Tj ET Q q 0 0 0 rg BT 159.76 172.10 Td (valuation. ) Tj ET Q q 0 0 0 rg BT 201.75 172.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 221.88 172.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 248.13 172.10 Td (or ) Tj ET Q q 0 0 0 rg BT 259.38 172.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 299.51 172.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 354.08 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.78 172.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 408.78 172.10 Td (other ) Tj ET Q q 0 0 0 rg BT 432.24 172.10 Td (than ) Tj ET Q q 0 0 0 rg BT 452.38 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.51 172.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 488.21 172.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 514.46 172.10 Td (are ) Tj ET Q q 0 0 0 rg BT 529.58 172.10 Td (converted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 160.10 Td (into ) Tj ET Q q 0 0 0 rg BT 61.06 160.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 81.34 160.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 111.06 160.10 Td (at ) Tj ET Q q 0 0 0 rg BT 120.77 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.49 160.10 Td (current ) Tj ET Q q 0 0 0 rg BT 166.31 160.10 Td (market ) Tj ET Q q 0 0 0 rg BT 196.57 160.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 217.95 160.10 Td (on ) Tj ET Q q 0 0 0 rg BT 230.45 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.16 160.10 Td (date ) Tj ET Q q 0 0 0 rg BT 264.32 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.15 160.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 314.86 160.10 Td (as ) Tj ET Q q 0 0 0 rg BT 325.69 160.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 355.41 160.10 Td (by ) Tj ET Q q 0 0 0 rg BT 367.91 160.10 Td (one ) Tj ET Q q 0 0 0 rg BT 384.85 160.10 Td (or ) Tj ET Q q 0 0 0 rg BT 395.68 160.10 Td (more ) Tj ET Q q 0 0 0 rg BT 418.72 160.10 Td (sources.) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 742.25 Td (D) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.22 742.25 Td (IVIDENDS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.23 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 96.18 742.25 Td (A) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 103.40 742.25 Td (ND) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.40 742.25 Td ( D) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 126.12 742.25 Td (ISTRIBUTIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 724.25 Td (The ) Tj ET Q q 0 0 0 rg BT 61.60 724.25 Td (following ) Tj ET Q q 0 0 0 rg BT 103.54 724.25 Td (information ) Tj ET Q q 0 0 0 rg BT 153.81 724.25 Td (supplements ) Tj ET Q q 0 0 0 rg BT 206.86 724.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.36 724.25 Td (should ) Tj ET Q q 0 0 0 rg BT 254.08 724.25 Td (be ) Tj ET Q q 0 0 0 rg BT 266.58 724.25 Td (read ) Tj ET Q q 0 0 0 rg BT 286.84 724.25 Td (in ) Tj ET Q q 0 0 0 rg BT 297.67 724.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 347.94 724.25 Td (with ) Tj ET Q q 0 0 0 rg BT 368.78 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.05 724.25 Td (section ) Tj ET Q q 0 0 0 rg BT 415.43 724.25 Td (in ) Tj ET Q q 0 0 0 rg BT 426.26 724.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.54 724.25 Td (Prospectus ) Tj ET Q q 0 0 0 rg BT 487.92 724.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 520.97 724.25 Td (Dividends, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 712.25 Td (Distributions, ) Tj ET Q q 0 0 0 rg BT 100.23 712.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.98 712.25 Td (T) Tj ET Q q 0 0 0 rg BT 122.39 712.25 Td (axes.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 692.9169921875 m 109.94482421875 692.9169921875 l s q 0 0 0 rg BT 43.00 694.25 Td (General ) Tj ET Q q 0 0 0 rg BT 78.28 694.25 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.94 694.25 Td (. ) Tj ET Q q 0 0 0 rg BT 116.08 694.25 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 160.82 694.25 Td (from ) Tj ET Q q 0 0 0 rg BT 183.89 694.25 Td (net ) Tj ET Q q 0 0 0 rg BT 199.75 694.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 247.26 694.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 282.83 694.25 Td (if ) Tj ET Q q 0 0 0 rg BT 292.57 694.25 Td (any) Tj ET Q q 0 0 0 rg BT 306.36 694.25 Td (, ) Tj ET Q q 0 0 0 rg BT 312.50 694.25 Td (are ) Tj ET Q q 0 0 0 rg BT 328.34 694.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 369.17 694.25 Td (declared ) Tj ET Q q 0 0 0 rg BT 406.67 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.74 694.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 445.59 694.25 Td (at ) Tj ET Q q 0 0 0 rg BT 456.44 694.25 Td (least ) Tj ET Q q 0 0 0 rg BT 478.40 694.25 Td (annually ) Tj ET Q q 0 0 0 rg BT 516.47 694.25 Td (by ) Tj ET Q q 0 0 0 rg BT 530.11 694.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.96 694.25 Td (Fund. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.25 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 97.41 682.25 Td (of ) Tj ET Q q 0 0 0 rg BT 107.92 682.25 Td (net ) Tj ET Q q 0 0 0 rg BT 122.32 682.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 156.14 682.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 196.09 682.25 Td (gains, ) Tj ET Q q 0 0 0 rg BT 221.88 682.25 Td (if ) Tj ET Q q 0 0 0 rg BT 230.17 682.25 Td (any) Tj ET Q q 0 0 0 rg BT 243.96 682.25 Td (, ) Tj ET Q q 0 0 0 rg BT 248.64 682.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 288.03 682.25 Td (are ) Tj ET Q q 0 0 0 rg BT 302.42 682.25 Td (declared ) Tj ET Q q 0 0 0 rg BT 338.46 682.25 Td (and ) Tj ET Q q 0 0 0 rg BT 355.08 682.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 374.48 682.25 Td (once ) Tj ET Q q 0 0 0 rg BT 395.54 682.25 Td (a ) Tj ET Q q 0 0 0 rg BT 402.17 682.25 Td (year) Tj ET Q q 0 0 0 rg BT 418.97 682.25 Td (, ) Tj ET Q q 0 0 0 rg BT 423.65 682.25 Td (but ) Tj ET Q q 0 0 0 rg BT 438.62 682.25 Td (the ) Tj ET Q q 0 0 0 rg BT 453.01 682.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 475.76 682.25 Td (may ) Tj ET Q q 0 0 0 rg BT 495.16 682.25 Td (make ) Tj ET Q q 0 0 0 rg BT 519.00 682.25 Td (distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.25 Td (on ) Tj ET Q q 0 0 0 rg BT 55.65 670.25 Td (a ) Tj ET Q q 0 0 0 rg BT 62.73 670.25 Td (more ) Tj ET Q q 0 0 0 rg BT 85.92 670.25 Td (frequent ) Tj ET Q q 0 0 0 rg BT 121.88 670.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 144.53 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 154.95 670.25 Td (improve ) Tj ET Q q 0 0 0 rg BT 190.92 670.25 Td (index ) Tj ET Q q 0 0 0 rg BT 215.79 670.25 Td (tracking ) Tj ET Q q 0 0 0 rg BT 251.19 670.25 Td (for ) Tj ET Q q 0 0 0 rg BT 265.50 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.36 670.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 303.57 670.25 Td (or ) Tj ET Q q 0 0 0 rg BT 314.54 670.25 Td (to ) Tj ET Q q 0 0 0 rg BT 324.97 670.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 357.61 670.25 Td (with ) Tj ET Q q 0 0 0 rg BT 378.03 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.90 670.25 Td (distribution ) Tj ET Q q 0 0 0 rg BT 441.65 670.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 496.50 670.25 Td (of ) Tj ET Q q 0 0 0 rg BT 507.48 670.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.34 670.25 Td (Code, ) Tj ET Q q 0 0 0 rg BT 548.59 670.25 Td (in ) Tj ET Q q 0 0 0 rg BT 559.02 670.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 658.25 Td (events ) Tj ET Q q 0 0 0 rg BT 71.05 658.25 Td (in ) Tj ET Q q 0 0 0 rg BT 81.33 658.25 Td (a ) Tj ET Q q 0 0 0 rg BT 88.26 658.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 120.75 658.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 163.24 658.25 Td (with ) Tj ET Q q 0 0 0 rg BT 183.52 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.24 658.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 242.41 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.24 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.96 658.25 Td (1940 ) Tj ET Q q 0 0 0 rg BT 289.90 658.25 Td (Act. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 640.25 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 87.28 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 104.89 640.25 Td (other ) Tj ET Q q 0 0 0 rg BT 128.61 640.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 181.79 640.25 Td (on ) Tj ET Q q 0 0 0 rg BT 194.96 640.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 224.80 640.25 Td (are ) Tj ET Q q 0 0 0 rg BT 240.18 640.25 Td (distributed, ) Tj ET Q q 0 0 0 rg BT 288.62 640.25 Td (as ) Tj ET Q q 0 0 0 rg BT 300.13 640.25 Td (described ) Tj ET Q q 0 0 0 rg BT 341.61 640.25 Td (below) Tj ET Q q 0 0 0 rg BT 365.40 640.25 Td (, ) Tj ET Q q 0 0 0 rg BT 371.08 640.25 Td (on ) Tj ET Q q 0 0 0 rg BT 384.25 640.25 Td (a ) Tj ET Q q 0 0 0 rg BT 391.86 640.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 408.36 640.25 Td (rata ) Tj ET Q q 0 0 0 rg BT 426.52 640.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 449.69 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.64 640.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 504.91 640.25 Td (Owners ) Tj ET Q q 0 0 0 rg BT 539.18 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.69 640.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 628.25 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 74.96 628.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 114.97 628.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 156.09 628.25 Td (are ) Tj ET Q q 0 0 0 rg BT 171.10 628.25 Td (made ) Tj ET Q q 0 0 0 rg BT 195.55 628.25 Td (through ) Tj ET Q q 0 0 0 rg BT 229.45 628.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 252.25 628.25 Td (Participants ) Tj ET Q q 0 0 0 rg BT 302.26 628.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.50 628.25 Td (Indirect ) Tj ET Q q 0 0 0 rg BT 353.39 628.25 Td (Participants ) Tj ET Q q 0 0 0 rg BT 403.39 628.25 Td (to ) Tj ET Q q 0 0 0 rg BT 413.97 628.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 457.86 628.25 Td (Owners ) Tj ET Q q 0 0 0 rg BT 491.76 628.25 Td (then ) Tj ET Q q 0 0 0 rg BT 511.77 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.90 628.25 Td (record ) Tj ET Q q 0 0 0 rg BT 551.23 628.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 616.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 81.04 616.25 Td (received ) Tj ET Q q 0 0 0 rg BT 117.40 616.25 Td (from ) Tj ET Q q 0 0 0 rg BT 139.34 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.87 616.25 Td (T) Tj ET Q q 0 0 0 rg BT 159.63 616.25 Td (rust. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 598.25 Td (The ) Tj ET Q q 0 0 0 rg BT 61.34 598.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 84.69 598.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 113.03 598.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 155.82 598.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 208.62 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.19 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.20 598.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 261.42 598.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 303.08 598.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 315.31 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 325.89 598.25 Td (distribute ) Tj ET Q q 0 0 0 rg BT 366.45 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.46 598.25 Td (entire ) Tj ET Q q 0 0 0 rg BT 407.02 598.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 436.47 598.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 468.13 598.25 Td (income ) Tj ET Q q 0 0 0 rg BT 500.36 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.48 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.49 598.25 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 552.35 598.25 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 586.25 Td (any ) Tj ET Q q 0 0 0 rg BT 60.18 586.25 Td (net ) Tj ET Q q 0 0 0 rg BT 75.14 586.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 104.53 586.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 128.38 586.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.56 586.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 160.52 586.25 Td (to ) Tj ET Q q 0 0 0 rg BT 171.04 586.25 Td (avoid ) Tj ET Q q 0 0 0 rg BT 196.00 586.25 Td (imposition ) Tj ET Q q 0 0 0 rg BT 241.52 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.59 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.55 586.25 Td (excise ) Tj ET Q q 0 0 0 rg BT 295.28 586.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 310.24 586.25 Td (imposed ) Tj ET Q q 0 0 0 rg BT 346.87 586.25 Td (by ) Tj ET Q q 0 0 0 rg BT 359.61 586.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 392.35 586.25 Td (4982 ) Tj ET Q q 0 0 0 rg BT 415.09 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.16 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.12 586.25 Td (Code. ) Tj ET Q q 0 0 0 rg BT 467.47 586.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 522.41 586.25 Td (of ) Tj ET Q q 0 0 0 rg BT 533.48 586.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.24 586.25 Td (T) Tj ET Q q 0 0 0 rg BT 554.00 586.25 Td (rust ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 574.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 78.76 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.98 574.25 Td (right ) Tj ET Q q 0 0 0 rg BT 115.88 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 126.66 574.25 Td (declare ) Tj ET Q q 0 0 0 rg BT 158.52 574.25 Td (special ) Tj ET Q q 0 0 0 rg BT 189.29 574.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 231.18 574.25 Td (if, ) Tj ET Q q 0 0 0 rg BT 242.80 574.25 Td (in ) Tj ET Q q 0 0 0 rg BT 253.58 574.25 Td (its ) Tj ET Q q 0 0 0 rg BT 266.03 574.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 311.79 574.25 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 356.73 574.25 Td (such ) Tj ET Q q 0 0 0 rg BT 378.06 574.25 Td (action ) Tj ET Q q 0 0 0 rg BT 405.50 574.25 Td (is ) Tj ET Q q 0 0 0 rg BT 415.18 574.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 457.05 574.25 Td (or ) Tj ET Q q 0 0 0 rg BT 468.38 574.25 Td (advisable ) Tj ET Q q 0 0 0 rg BT 509.15 574.25 Td (to ) Tj ET Q q 0 0 0 rg BT 519.93 574.25 Td (preserve ) Tj ET Q q 0 0 0 rg BT 556.80 574.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 562.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 66.34 562.25 Td (s ) Tj ET Q q 0 0 0 rg BT 73.54 562.25 Td (eligibility ) Tj ET Q q 0 0 0 rg BT 115.73 562.25 Td (for ) Tj ET Q q 0 0 0 rg BT 130.70 562.25 Td (treatment ) Tj ET Q q 0 0 0 rg BT 171.76 562.25 Td (as ) Tj ET Q q 0 0 0 rg BT 183.40 562.25 Td (a ) Tj ET Q q 0 0 0 rg BT 191.14 562.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 233.87 562.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 281.06 562.25 Td (company ) Tj ET Q q 0 0 0 rg BT 321.02 562.25 Td (\(RIC\) ) Tj ET Q q 0 0 0 rg BT 356.53 562.25 Td (or ) Tj ET Q q 0 0 0 rg BT 368.17 562.25 Td (to ) Tj ET Q q 0 0 0 rg BT 379.25 562.25 Td (avoid ) Tj ET Q q 0 0 0 rg BT 404.77 562.25 Td (imposition ) Tj ET Q q 0 0 0 rg BT 450.86 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.50 562.25 Td (income ) Tj ET Q q 0 0 0 rg BT 495.24 562.25 Td (or ) Tj ET Q q 0 0 0 rg BT 506.87 562.25 Td (excise ) Tj ET Q q 0 0 0 rg BT 535.16 562.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 559.02 562.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 550.25 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 98.27 550.25 Td (income. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 530.9169921875 m 171.466796875 530.9169921875 l s q 0 0 0 rg BT 43.00 532.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 83.35 532.25 Td (Reinvestment ) Tj ET Q q 0 0 0 rg BT 141.48 532.25 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.47 532.25 Td (. ) Tj ET Q q 0 0 0 rg BT 176.88 532.25 Td (The ) Tj ET Q q 0 0 0 rg BT 195.33 532.25 Td (T) Tj ET Q q 0 0 0 rg BT 201.09 532.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 219.23 532.25 Td (will ) Tj ET Q q 0 0 0 rg BT 237.92 532.25 Td (not ) Tj ET Q q 0 0 0 rg BT 253.84 532.25 Td (make ) Tj ET Q q 0 0 0 rg BT 278.63 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.98 532.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 317.12 532.25 Td (book-entry ) Tj ET Q q 0 0 0 rg BT 364.14 532.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 402.27 532.25 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 457.06 532.25 Td (service ) Tj ET Q q 0 0 0 rg BT 488.51 532.25 Td (available ) Tj ET Q q 0 0 0 rg BT 527.73 532.25 Td (for ) Tj ET Q q 0 0 0 rg BT 542.53 532.25 Td (use ) Tj ET Q q 0 0 0 rg BT 559.00 532.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 520.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 86.41 520.25 Td (Owners ) Tj ET Q q 0 0 0 rg BT 119.83 520.25 Td (for ) Tj ET Q q 0 0 0 rg BT 133.81 520.25 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 187.79 520.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.44 520.25 Td (their ) Tj ET Q q 0 0 0 rg BT 219.08 520.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 239.17 520.25 Td (proceeds, ) Tj ET Q q 0 0 0 rg BT 279.53 520.25 Td (but ) Tj ET Q q 0 0 0 rg BT 294.63 520.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 324.15 520.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 367.02 520.25 Td (broker) Tj ET Q q 0 0 0 rg BT 392.92 520.25 Td (-dealers ) Tj ET Q q 0 0 0 rg BT 426.89 520.25 Td (may ) Tj ET Q q 0 0 0 rg BT 446.43 520.25 Td (make ) Tj ET Q q 0 0 0 rg BT 470.40 520.25 Td (available ) Tj ET Q q 0 0 0 rg BT 508.81 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.35 520.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 545.67 520.25 Td (book-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.25 Td (entry ) Tj ET Q q 0 0 0 rg BT 66.14 508.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 105.95 508.25 Td (Reinvestment ) Tj ET Q q 0 0 0 rg BT 163.54 508.25 Td (Service ) Tj ET Q q 0 0 0 rg BT 196.12 508.25 Td (for ) Tj ET Q q 0 0 0 rg BT 210.37 508.25 Td (use ) Tj ET Q q 0 0 0 rg BT 226.29 508.25 Td (by ) Tj ET Q q 0 0 0 rg BT 238.89 508.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 282.57 508.25 Td (Owners ) Tj ET Q q 0 0 0 rg BT 316.27 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.19 508.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.01 508.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 365.16 508.25 Td (through ) Tj ET Q q 0 0 0 rg BT 398.86 508.25 Td (DTC ) Tj ET Q q 0 0 0 rg BT 421.46 508.25 Td (Participants ) Tj ET Q q 0 0 0 rg BT 471.26 508.25 Td (for ) Tj ET Q q 0 0 0 rg BT 485.52 508.25 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 539.76 508.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.69 508.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 496.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 80.12 496.25 Td (distributions. ) Tj ET Q q 0 0 0 rg BT 134.74 496.25 Td (Investors ) Tj ET Q q 0 0 0 rg BT 173.52 496.25 Td (should ) Tj ET Q q 0 0 0 rg BT 202.31 496.25 Td (contact ) Tj ET Q q 0 0 0 rg BT 233.31 496.25 Td (their ) Tj ET Q q 0 0 0 rg BT 253.75 496.25 Td (brokers ) Tj ET Q q 0 0 0 rg BT 285.86 496.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.76 496.25 Td (ascertain ) Tj ET Q q 0 0 0 rg BT 333.41 496.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.75 496.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 394.86 496.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.42 496.25 Td (description ) Tj ET Q q 0 0 0 rg BT 457.97 496.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.42 496.25 Td (these ) Tj ET Q q 0 0 0 rg BT 491.09 496.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 527.92 496.25 Td (Beneficial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 484.25 Td (Owners ) Tj ET Q q 0 0 0 rg BT 76.66 484.25 Td (should ) Tj ET Q q 0 0 0 rg BT 105.89 484.25 Td (be ) Tj ET Q q 0 0 0 rg BT 117.89 484.25 Td (aware ) Tj ET Q q 0 0 0 rg BT 144.32 484.25 Td (that ) Tj ET Q q 0 0 0 rg BT 161.87 484.25 Td (each ) Tj ET Q q 0 0 0 rg BT 182.75 484.25 Td (broker ) Tj ET Q q 0 0 0 rg BT 211.41 484.25 Td (may ) Tj ET Q q 0 0 0 rg BT 231.19 484.25 Td (require ) Tj ET Q q 0 0 0 rg BT 262.06 484.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 300.73 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 311.07 484.25 Td (adhere ) Tj ET Q q 0 0 0 rg BT 340.27 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.61 484.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 384.27 484.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 430.69 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.69 484.25 Td (timetables ) Tj ET Q q 0 0 0 rg BT 491.35 484.25 Td (to ) Tj ET Q q 0 0 0 rg BT 501.69 484.25 Td (participate ) Tj ET Q q 0 0 0 rg BT 546.45 484.25 Td (in ) Tj ET Q q 0 0 0 rg BT 556.78 484.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 472.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 80.11 472.25 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 133.88 472.25 Td (service ) Tj ET Q q 0 0 0 rg BT 164.32 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.87 472.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 219.10 472.25 Td (should ) Tj ET Q q 0 0 0 rg BT 247.89 472.25 Td (ascertain ) Tj ET Q q 0 0 0 rg BT 285.54 472.25 Td (from ) Tj ET Q q 0 0 0 rg BT 307.09 472.25 Td (their ) Tj ET Q q 0 0 0 rg BT 327.54 472.25 Td (brokers ) Tj ET Q q 0 0 0 rg BT 359.65 472.25 Td (such ) Tj ET Q q 0 0 0 rg BT 380.09 472.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 421.08 472.25 Td (details. ) Tj ET Q q 0 0 0 rg BT 451.80 472.25 Td (If ) Tj ET Q q 0 0 0 rg BT 460.58 472.25 Td (this ) Tj ET Q q 0 0 0 rg BT 477.15 472.25 Td (service ) Tj ET Q q 0 0 0 rg BT 507.58 472.25 Td (is ) Tj ET Q q 0 0 0 rg BT 516.37 472.25 Td (available ) Tj ET Q q 0 0 0 rg BT 554.57 472.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 460.25 Td (used, ) Tj ET Q q 0 0 0 rg BT 66.22 460.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 103.61 460.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 156.01 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.73 460.25 Td (both ) Tj ET Q q 0 0 0 rg BT 186.90 460.25 Td (income ) Tj ET Q q 0 0 0 rg BT 218.73 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 235.56 460.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 269.59 460.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 293.09 460.25 Td (will ) Tj ET Q q 0 0 0 rg BT 311.04 460.25 Td (be ) Tj ET Q q 0 0 0 rg BT 322.87 460.25 Td (automatically ) Tj ET Q q 0 0 0 rg BT 379.69 460.25 Td (reinvested ) Tj ET Q q 0 0 0 rg BT 423.18 460.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.35 460.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 475.73 460.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 502.56 460.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 531.61 460.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 559.01 460.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 56.87 448.25 Td (T) Tj ET Q q 0 0 0 rg BT 62.63 448.25 Td (rust ) Tj ET Q q 0 0 0 rg BT 79.40 448.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.51 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 103.51 448.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 125.85 448.25 Td (at ) Tj ET Q q 0 0 0 rg BT 134.85 448.25 Td (NA) Tj ET Q q 0 0 0 rg BT 148.00 448.25 Td (V) Tj ET Q q 0 0 0 rg BT 155.04 448.25 Td ( ) Tj ET Q q 0 0 0 rg BT 156.82 448.25 Td (per ) Tj ET Q q 0 0 0 rg BT 171.37 448.25 Td (Share. ) Tj ET Q q 0 0 0 rg BT 198.42 448.25 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 252.43 448.25 Td (reinvested ) Tj ET Q q 0 0 0 rg BT 295.30 448.25 Td (in ) Tj ET Q q 0 0 0 rg BT 304.86 448.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 346.63 448.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 375.07 448.25 Td (will ) Tj ET Q q 0 0 0 rg BT 392.41 448.25 Td (nevertheless ) Tj ET Q q 0 0 0 rg BT 443.61 448.25 Td (be ) Tj ET Q q 0 0 0 rg BT 454.83 448.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 485.48 448.25 Td (to ) Tj ET Q q 0 0 0 rg BT 495.04 448.25 Td (Beneficial ) Tj ET Q q 0 0 0 rg BT 537.91 448.25 Td (Owners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 436.25 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 83.26 436.25 Td (such ) Tj ET Q q 0 0 0 rg BT 104.09 436.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 146.58 436.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 175.74 436.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.02 436.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.74 436.25 Td (same ) Tj ET Q q 0 0 0 rg BT 223.79 436.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 250.72 436.25 Td (as ) Tj ET Q q 0 0 0 rg BT 261.55 436.25 Td (if ) Tj ET Q q 0 0 0 rg BT 270.16 436.25 Td (such ) Tj ET Q q 0 0 0 rg BT 290.99 436.25 Td (distributions ) Tj ET Q q 0 0 0 rg BT 343.49 436.25 Td (had ) Tj ET Q q 0 0 0 rg BT 360.43 436.25 Td (been ) Tj ET Q q 0 0 0 rg BT 381.81 436.25 Td (received ) Tj ET Q q 0 0 0 rg BT 418.17 436.25 Td (in ) Tj ET Q q 0 0 0 rg BT 428.45 436.25 Td (cash.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 43.00 418.25 Td (F) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.11 418.25 Td (EDERAL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.62 418.25 Td ( I) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 93.01 418.25 Td (NCOME) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.50 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 129.82 418.25 Td (T) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 136.49 418.25 Td (AXES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 400.25 Td (The ) Tj ET Q q 0 0 0 rg BT 60.93 400.25 Td (following ) Tj ET Q q 0 0 0 rg BT 102.19 400.25 Td (is ) Tj ET Q q 0 0 0 rg BT 111.24 400.25 Td (only ) Tj ET Q q 0 0 0 rg BT 131.40 400.25 Td (a ) Tj ET Q q 0 0 0 rg BT 138.22 400.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 177.82 400.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.53 400.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 218.11 400.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 238.28 400.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 268.41 400.25 Td (income ) Tj ET Q q 0 0 0 rg BT 300.22 400.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 314.82 400.25 Td (considerations ) Tj ET Q q 0 0 0 rg BT 374.97 400.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 414.55 400.25 Td (af) Tj ET Q q 0 0 0 rg BT 422.14 400.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 452.28 400.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.88 400.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 489.82 400.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.64 400.25 Td (its ) Tj ET Q q 0 0 0 rg BT 518.47 400.25 Td (shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 388.25 Td (that ) Tj ET Q q 0 0 0 rg BT 60.67 388.25 Td (supplements ) Tj ET Q q 0 0 0 rg BT 113.34 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.24 388.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 172.59 388.25 Td (in ) Tj ET Q q 0 0 0 rg BT 183.04 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.94 388.25 Td (Prospectus. ) Tj ET Q q 0 0 0 rg BT 246.44 388.25 Td (No ) Tj ET Q q 0 0 0 rg BT 261.34 388.25 Td (attempt ) Tj ET Q q 0 0 0 rg BT 294.01 388.25 Td (is ) Tj ET Q q 0 0 0 rg BT 303.36 388.25 Td (made ) Tj ET Q q 0 0 0 rg BT 327.69 388.25 Td (to ) Tj ET Q q 0 0 0 rg BT 338.14 388.25 Td (present ) Tj ET Q q 0 0 0 rg BT 369.70 388.25 Td (a ) Tj ET Q q 0 0 0 rg BT 376.81 388.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 440.02 388.25 Td (explanation ) Tj ET Q q 0 0 0 rg BT 489.35 388.25 Td (of ) Tj ET Q q 0 0 0 rg BT 500.36 388.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.25 388.25 Td (federal, ) Tj ET Q q 0 0 0 rg BT 548.18 388.25 Td (state, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 376.25 Td (local ) Tj ET Q q 0 0 0 rg BT 65.29 376.25 Td (or ) Tj ET Q q 0 0 0 rg BT 76.48 376.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 108.22 376.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 123.30 376.25 Td (treatment ) Tj ET Q q 0 0 0 rg BT 163.92 376.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.11 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.19 376.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 213.61 376.25 Td (or ) Tj ET Q q 0 0 0 rg BT 224.80 376.25 Td (its ) Tj ET Q q 0 0 0 rg BT 237.11 376.25 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 293.00 376.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.30 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.38 376.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 369.91 376.25 Td (here ) Tj ET Q q 0 0 0 rg BT 389.98 376.25 Td (and ) Tj ET Q q 0 0 0 rg BT 407.28 376.25 Td (in ) Tj ET Q q 0 0 0 rg BT 417.92 376.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.99 376.25 Td (Prospectus ) Tj ET Q q 0 0 0 rg BT 479.18 376.25 Td (is ) Tj ET Q q 0 0 0 rg BT 488.71 376.25 Td (not ) Tj ET Q q 0 0 0 rg BT 504.35 376.25 Td (intended ) Tj ET Q q 0 0 0 rg BT 541.65 376.25 Td (to ) Tj ET Q q 0 0 0 rg BT 552.28 376.25 Td (be ) Tj ET Q q 0 0 0 rg BT 564.58 376.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 364.25 Td (substitute ) Tj ET Q q 0 0 0 rg BT 83.83 364.25 Td (for ) Tj ET Q q 0 0 0 rg BT 98.00 364.25 Td (careful ) Tj ET Q q 0 0 0 rg BT 128.25 364.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 142.97 364.25 Td (planning.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 346.25 Td (The ) Tj ET Q q 0 0 0 rg BT 59.99 346.25 Td (following ) Tj ET Q q 0 0 0 rg BT 100.33 346.25 Td (general ) Tj ET Q q 0 0 0 rg BT 131.20 346.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 174.31 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.09 346.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 212.74 346.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 231.97 346.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 261.17 346.25 Td (income ) Tj ET Q q 0 0 0 rg BT 292.05 346.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 305.71 346.25 Td (consequences ) Tj ET Q q 0 0 0 rg BT 362.14 346.25 Td (is ) Tj ET Q q 0 0 0 rg BT 370.25 346.25 Td (based ) Tj ET Q q 0 0 0 rg BT 394.47 346.25 Td (on ) Tj ET Q q 0 0 0 rg BT 405.92 346.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 449.03 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.81 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.47 346.25 Td (Code ) Tj ET Q q 0 0 0 rg BT 495.03 346.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.91 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.58 346.25 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 334.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 71.20 334.25 Td (thereunder ) Tj ET Q q 0 0 0 rg BT 117.15 334.25 Td (as ) Tj ET Q q 0 0 0 rg BT 128.68 334.25 Td (in ) Tj ET Q q 0 0 0 rg BT 139.66 334.25 Td (ef) Tj ET Q q 0 0 0 rg BT 147.24 334.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 165.43 334.25 Td (on ) Tj ET Q q 0 0 0 rg BT 178.63 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.04 334.25 Td (date ) Tj ET Q q 0 0 0 rg BT 213.89 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.42 334.25 Td (this ) Tj ET Q q 0 0 0 rg BT 243.07 334.25 Td (SAI. ) Tj ET Q q 0 0 0 rg BT 264.88 334.25 Td (New ) Tj ET Q q 0 0 0 rg BT 286.96 334.25 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 334.32 334.25 Td (as ) Tj ET Q q 0 0 0 rg BT 345.85 334.25 Td (well ) Tj ET Q q 0 0 0 rg BT 366.26 334.25 Td (as ) Tj ET Q q 0 0 0 rg BT 377.79 334.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 438.20 334.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 473.60 334.25 Td (or ) Tj ET Q q 0 0 0 rg BT 485.13 334.25 Td (court ) Tj ET Q q 0 0 0 rg BT 508.87 334.25 Td (decisions, ) Tj ET Q q 0 0 0 rg BT 551.79 334.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 322.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 94.95 322.25 Td (change ) Tj ET Q q 0 0 0 rg BT 125.23 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.41 322.25 Td (conclusions ) Tj ET Q q 0 0 0 rg BT 188.59 322.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 229.98 322.25 Td (herein, ) Tj ET Q q 0 0 0 rg BT 259.42 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.83 322.25 Td (may ) Tj ET Q q 0 0 0 rg BT 295.00 322.25 Td (have ) Tj ET Q q 0 0 0 rg BT 315.84 322.25 Td (a ) Tj ET Q q 0 0 0 rg BT 322.24 322.25 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 366.95 322.25 Td (ef) Tj ET Q q 0 0 0 rg BT 374.54 322.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 391.49 322.25 Td (with ) Tj ET Q q 0 0 0 rg BT 411.23 322.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 441.51 322.25 Td (to ) Tj ET Q q 0 0 0 rg BT 451.25 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.43 322.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 515.15 322.25 Td (contemplated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 310.25 Td (herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 292.25 Td (The ) Tj ET Q q 0 0 0 rg BT 60.72 292.25 Td (T) Tj ET Q q 0 0 0 rg BT 66.13 292.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 77.91 292.25 Td (Cuts ) Tj ET Q q 0 0 0 rg BT 98.59 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.38 292.25 Td (Jobs ) Tj ET Q q 0 0 0 rg BT 134.98 292.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 151.77 292.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 169.66 292.25 Td (T) Tj ET Q q 0 0 0 rg BT 179.50 292.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 190.77 292.25 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 215.32 292.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 243.21 292.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 287.76 292.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 322.31 292.25 Td (to ) Tj ET Q q 0 0 0 rg BT 332.43 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.99 292.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 367.12 292.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 397.22 292.25 Td (income ) Tj ET Q q 0 0 0 rg BT 428.99 292.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 443.55 292.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 465.33 292.25 Td (for ) Tj ET Q q 0 0 0 rg BT 479.34 292.25 Td (taxation ) Tj ET Q q 0 0 0 rg BT 513.89 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.56 292.25 Td (individuals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 61.33 280.25 Td (corporations, ) Tj ET Q q 0 0 0 rg BT 117.70 280.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 158.79 280.25 Td (ef) Tj ET Q q 0 0 0 rg BT 166.38 280.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 197.47 280.25 Td (for ) Tj ET Q q 0 0 0 rg BT 213.02 280.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 245.78 280.25 Td (years ) Tj ET Q q 0 0 0 rg BT 270.77 280.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 314.65 280.25 Td (after ) Tj ET Q q 0 0 0 rg BT 336.86 280.25 Td (December ) Tj ET Q q 0 0 0 rg BT 381.83 280.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 398.22 280.25 Td (2017. ) Tj ET Q q 0 0 0 rg BT 424.61 280.25 Td (Many ) Tj ET Q q 0 0 0 rg BT 451.82 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.04 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.15 280.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 516.24 280.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 561.22 280.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 268.25 Td (individuals ) Tj ET Q q 0 0 0 rg BT 89.83 268.25 Td (are ) Tj ET Q q 0 0 0 rg BT 104.43 268.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 147.91 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 164.73 268.25 Td (only ) Tj ET Q q 0 0 0 rg BT 184.90 268.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 209.50 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.67 268.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 250.93 268.25 Td (years ) Tj ET Q q 0 0 0 rg BT 274.42 268.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 316.80 268.25 Td (after ) Tj ET Q q 0 0 0 rg BT 337.50 268.25 Td (December ) Tj ET Q q 0 0 0 rg BT 380.97 268.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 395.86 268.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 418.25 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.08 268.25 Td (before ) Tj ET Q q 0 0 0 rg BT 463.00 268.25 Td (January ) Tj ET Q q 0 0 0 rg BT 496.49 268.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 506.37 268.25 Td (2026. ) Tj ET Q q 0 0 0 rg BT 531.09 268.25 Td (There ) Tj ET Q q 0 0 0 rg BT 556.79 268.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 256.25 Td (only ) Tj ET Q q 0 0 0 rg BT 63.19 256.25 Td (minor ) Tj ET Q q 0 0 0 rg BT 89.50 256.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 124.12 256.25 Td (with ) Tj ET Q q 0 0 0 rg BT 144.31 256.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 175.05 256.25 Td (to ) Tj ET Q q 0 0 0 rg BT 185.24 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.87 256.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 233.38 256.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 255.24 256.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 298.74 256.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.94 256.25 Td (a ) Tj ET Q q 0 0 0 rg BT 315.79 256.25 Td (RIC, ) Tj ET Q q 0 0 0 rg BT 337.38 256.25 Td (such ) Tj ET Q q 0 0 0 rg BT 358.12 256.25 Td (as ) Tj ET Q q 0 0 0 rg BT 368.87 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.50 256.25 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 408.80 256.25 Td (The ) Tj ET Q q 0 0 0 rg BT 426.59 256.25 Td (T) Tj ET Q q 0 0 0 rg BT 432.00 256.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 443.32 256.25 Td (Act, ) Tj ET Q q 0 0 0 rg BT 462.68 256.25 Td (however) Tj ET Q q 0 0 0 rg BT 496.71 256.25 Td (, ) Tj ET Q q 0 0 0 rg BT 501.62 256.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 529.59 256.25 Td (numerous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 244.25 Td (other ) Tj ET Q q 0 0 0 rg BT 65.54 244.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 99.74 244.25 Td (to ) Tj ET Q q 0 0 0 rg BT 109.52 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.73 244.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 137.94 244.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 159.37 244.25 Td (that ) Tj ET Q q 0 0 0 rg BT 176.36 244.25 Td (may ) Tj ET Q q 0 0 0 rg BT 195.57 244.25 Td (af) Tj ET Q q 0 0 0 rg BT 203.16 244.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 220.14 244.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 272.67 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.11 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.32 244.25 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 328.08 244.25 Td (Y) Tj ET Q q 0 0 0 rg BT 334.30 244.25 Td (ou ) Tj ET Q q 0 0 0 rg BT 346.29 244.25 Td (are ) Tj ET Q q 0 0 0 rg BT 360.49 244.25 Td (ur) Tj ET Q q 0 0 0 rg BT 368.64 244.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 385.08 244.25 Td (to ) Tj ET Q q 0 0 0 rg BT 394.85 244.25 Td (consult ) Tj ET Q q 0 0 0 rg BT 425.73 244.25 Td (with ) Tj ET Q q 0 0 0 rg BT 445.50 244.25 Td (your ) Tj ET Q q 0 0 0 rg BT 465.83 244.25 Td (own ) Tj ET Q q 0 0 0 rg BT 485.05 244.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 499.26 244.25 Td (advisor ) Tj ET Q q 0 0 0 rg BT 530.69 244.25 Td (regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 232.25 Td (how ) Tj ET Q q 0 0 0 rg BT 62.72 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.26 232.25 Td (T) Tj ET Q q 0 0 0 rg BT 82.67 232.25 Td (ax ) Tj ET Q q 0 0 0 rg BT 94.05 232.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 110.99 232.25 Td (af) Tj ET Q q 0 0 0 rg BT 118.58 232.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 139.96 232.25 Td (your ) Tj ET Q q 0 0 0 rg BT 160.79 232.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 207.17 232.25 Td (in ) Tj ET Q q 0 0 0 rg BT 217.45 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.17 232.25 Td (Fund.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.25 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 97.73 214.25 Td (are ) Tj ET Q q 0 0 0 rg BT 112.46 214.25 Td (ur) Tj ET Q q 0 0 0 rg BT 120.61 214.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 137.57 214.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.87 214.25 Td (consult ) Tj ET Q q 0 0 0 rg BT 179.28 214.25 Td (their ) Tj ET Q q 0 0 0 rg BT 200.13 214.25 Td (own ) Tj ET Q q 0 0 0 rg BT 219.88 214.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 234.62 214.25 Td (advisers ) Tj ET Q q 0 0 0 rg BT 269.91 214.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 310.75 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.49 214.25 Td (application ) Tj ET Q q 0 0 0 rg BT 372.44 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.29 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.04 214.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 442.23 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.08 214.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 467.82 214.25 Td (law ) Tj ET Q q 0 0 0 rg BT 484.78 214.25 Td (described ) Tj ET Q q 0 0 0 rg BT 525.62 214.25 Td (in ) Tj ET Q q 0 0 0 rg BT 535.92 214.25 Td (this ) Tj ET Q q 0 0 0 rg BT 552.90 214.25 Td (SAI ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.25 Td (in ) Tj ET Q q 0 0 0 rg BT 53.08 202.25 Td (light ) Tj ET Q q 0 0 0 rg BT 73.72 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.36 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.88 202.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 139.49 202.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 154.02 202.25 Td (situations ) Tj ET Q q 0 0 0 rg BT 194.66 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.29 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.81 202.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 272.65 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.40 202.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 330.02 202.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 363.42 202.25 Td (questions ) Tj ET Q q 0 0 0 rg BT 403.50 202.25 Td (as ) Tj ET Q q 0 0 0 rg BT 414.13 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 424.22 202.25 Td (federal, ) Tj ET Q q 0 0 0 rg BT 456.77 202.25 Td (state, ) Tj ET Q q 0 0 0 rg BT 479.90 202.25 Td (local, ) Tj ET Q q 0 0 0 rg BT 504.14 202.25 Td (or ) Tj ET Q q 0 0 0 rg BT 514.78 202.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 545.96 202.25 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 182.9169921875 m 126.8330078125 182.9169921875 l s q 0 0 0 rg BT 43.00 184.25 Td (T) Tj ET Q q 0 0 0 rg BT 48.41 184.25 Td (axation ) Tj ET Q q 0 0 0 rg BT 80.47 184.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.43 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.27 184.25 Td (Fund) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.83 184.25 Td (. ) Tj ET Q q 0 0 0 rg BT 131.77 184.25 Td (The ) Tj ET Q q 0 0 0 rg BT 149.94 184.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 173.13 184.25 Td (will ) Tj ET Q q 0 0 0 rg BT 191.32 184.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 212.81 184.25 Td (and ) Tj ET Q q 0 0 0 rg BT 229.88 184.25 Td (intends ) Tj ET Q q 0 0 0 rg BT 261.39 184.25 Td (to ) Tj ET Q q 0 0 0 rg BT 271.80 184.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 302.75 184.25 Td (each ) Tj ET Q q 0 0 0 rg BT 323.69 184.25 Td (year ) Tj ET Q q 0 0 0 rg BT 343.53 184.25 Td (to ) Tj ET Q q 0 0 0 rg BT 353.93 184.25 Td (be ) Tj ET Q q 0 0 0 rg BT 366.00 184.25 Td (treated ) Tj ET Q q 0 0 0 rg BT 395.83 184.25 Td (as ) Tj ET Q q 0 0 0 rg BT 406.78 184.25 Td (a ) Tj ET Q q 0 0 0 rg BT 413.85 184.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 449.23 184.25 Td (RIC ) Tj ET Q q 0 0 0 rg BT 468.53 184.25 Td (under ) Tj ET Q q 0 0 0 rg BT 493.92 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.77 184.25 Td (Code. ) Tj ET Q q 0 0 0 rg BT 534.42 184.25 Td (As ) Tj ET Q q 0 0 0 rg BT 548.16 184.25 Td (such, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 58.28 172.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 81.90 172.25 Td (should ) Tj ET Q q 0 0 0 rg BT 111.63 172.25 Td (not ) Tj ET Q q 0 0 0 rg BT 127.47 172.25 Td (be ) Tj ET Q q 0 0 0 rg BT 139.97 172.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 171.35 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 182.19 172.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 213.01 172.25 Td (income ) Tj ET Q q 0 0 0 rg BT 245.50 172.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 269.11 172.25 Td (on ) Tj ET Q q 0 0 0 rg BT 282.17 172.25 Td (its ) Tj ET Q q 0 0 0 rg BT 294.68 172.25 Td (net ) Tj ET Q q 0 0 0 rg BT 309.96 172.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 356.90 172.25 Td (income ) Tj ET Q q 0 0 0 rg BT 389.39 172.25 Td (and ) Tj ET Q q 0 0 0 rg BT 406.89 172.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 436.60 172.25 Td (gains, ) Tj ET Q q 0 0 0 rg BT 463.27 172.25 Td (if ) Tj ET Q q 0 0 0 rg BT 472.44 172.25 Td (any) Tj ET Q q 0 0 0 rg BT 486.23 172.25 Td (, ) Tj ET Q q 0 0 0 rg BT 491.79 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 502.63 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.91 172.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 545.40 172.25 Td (that ) Tj ET Q q 0 0 0 rg BT 563.46 172.25 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 160.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 70.18 160.25 Td (distributes ) Tj ET Q q 0 0 0 rg BT 113.47 160.25 Td (such ) Tj ET Q q 0 0 0 rg BT 133.42 160.25 Td (income ) Tj ET Q q 0 0 0 rg BT 164.48 160.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.55 160.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 208.83 160.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 231.56 160.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.96 160.25 Td (its ) Tj ET Q q 0 0 0 rg BT 252.04 160.25 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 306.58 160.25 Td (T) Tj ET Q q 0 0 0 rg BT 311.99 160.25 Td (o ) Tj ET Q q 0 0 0 rg BT 318.62 160.25 Td (qualify ) Tj ET Q q 0 0 0 rg BT 348.57 160.25 Td (for ) Tj ET Q q 0 0 0 rg BT 361.86 160.25 Td (treatment ) Tj ET Q q 0 0 0 rg BT 401.24 160.25 Td (as ) Tj ET Q q 0 0 0 rg BT 411.20 160.25 Td (a ) Tj ET Q q 0 0 0 rg BT 417.26 160.25 Td (RIC, ) Tj ET Q q 0 0 0 rg BT 438.06 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.90 160.25 Td (Fund ) Tj ET Q q 0 0 0 rg BT 474.09 160.25 Td (must ) Tj ET Q q 0 0 0 rg BT 495.16 160.25 Td (distribute ) Tj ET Q q 0 0 0 rg BT 534.56 160.25 Td (annually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 148.25 Td (to ) Tj ET Q q 0 0 0 rg BT 52.93 148.25 Td (its ) Tj ET Q q 0 0 0 rg BT 64.52 148.25 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 117.21 148.25 Td (at ) Tj ET Q q 0 0 0 rg BT 126.57 148.25 Td (least ) Tj ET Q q 0 0 0 rg BT 147.05 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.41 148.25 Td (sum ) Tj ET Q q 0 0 0 rg BT 180.23 148.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.71 148.25 Td (90% ) Tj ET Q q 0 0 0 rg BT 211.19 148.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.67 148.25 Td (its ) Tj ET Q q 0 0 0 rg BT 233.26 148.25 Td (net ) Tj ET Q q 0 0 0 rg BT 247.63 148.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 293.66 148.25 Td (income ) Tj ET Q q 0 0 0 rg BT 325.24 148.25 Td (\(generally ) Tj ET Q q 0 0 0 rg BT 367.92 148.25 Td (including ) Tj ET Q q 0 0 0 rg BT 407.84 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.21 148.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 450.46 148.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.93 148.25 Td (net ) Tj ET Q q 0 0 0 rg BT 475.30 148.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 519.10 148.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 547.90 148.25 Td (gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 136.25 Td (over ) Tj ET Q q 0 0 0 rg BT 63.65 136.25 Td (net ) Tj ET Q q 0 0 0 rg BT 78.75 136.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 121.07 136.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 150.60 136.25 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 180.70 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 198.02 136.25 Td (90% ) Tj ET Q q 0 0 0 rg BT 219.24 136.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.45 136.25 Td (its ) Tj ET Q q 0 0 0 rg BT 242.78 136.25 Td (net ) Tj ET Q q 0 0 0 rg BT 257.88 136.25 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 305.74 136.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 338.06 136.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 372.87 136.25 Td (if ) Tj ET Q q 0 0 0 rg BT 381.86 136.25 Td (any ) Tj ET Q q 0 0 0 rg BT 399.18 136.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 417.61 136.25 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 473.27 136.25 Td (Requirement\) ) Tj ET Q q 0 0 0 rg BT 535.57 136.25 Td (and ) Tj ET Q q 0 0 0 rg BT 552.89 136.25 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 124.25 Td (must ) Tj ET Q q 0 0 0 rg BT 64.77 124.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 86.53 124.25 Td (several ) Tj ET Q q 0 0 0 rg BT 117.17 124.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 159.48 124.25 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 216.00 124.25 Td (Among ) Tj ET Q q 0 0 0 rg BT 248.32 124.25 Td (these ) Tj ET Q q 0 0 0 rg BT 271.19 124.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 325.72 124.25 Td (are ) Tj ET Q q 0 0 0 rg BT 340.25 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.79 124.25 Td (following: ) Tj ET Q q 0 0 0 rg BT 398.78 124.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 410.54 124.25 Td (at ) Tj ET Q q 0 0 0 rg BT 420.08 124.25 Td (least ) Tj ET Q q 0 0 0 rg BT 440.73 124.25 Td (90% ) Tj ET Q q 0 0 0 rg BT 461.39 124.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.04 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.58 124.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 509.92 124.25 Td (s ) Tj ET Q q 0 0 0 rg BT 516.14 124.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 539.58 124.25 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 112.25 Td (each ) Tj ET Q q 0 0 0 rg BT 63.94 112.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 95.44 112.25 Td (year ) Tj ET Q q 0 0 0 rg BT 115.28 112.25 Td (must ) Tj ET Q q 0 0 0 rg BT 137.36 112.25 Td (be ) Tj ET Q q 0 0 0 rg BT 149.42 112.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 182.04 112.25 Td (from ) Tj ET Q q 0 0 0 rg BT 204.10 112.25 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 248.12 112.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 282.68 112.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 323.63 112.25 Td (with ) Tj ET Q q 0 0 0 rg BT 344.04 112.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 374.99 112.25 Td (to ) Tj ET Q q 0 0 0 rg BT 385.39 112.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 415.22 112.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 455.61 112.25 Td (loans, ) Tj ET Q q 0 0 0 rg BT 481.85 112.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 505.59 112.25 Td (from ) Tj ET Q q 0 0 0 rg BT 527.66 112.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.50 112.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 560.68 112.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 100.25 Td (other ) Tj ET Q q 0 0 0 rg BT 66.27 100.25 Td (disposition ) Tj ET Q q 0 0 0 rg BT 112.89 100.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.94 100.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 150.28 100.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 190.76 100.25 Td (or ) Tj ET Q q 0 0 0 rg BT 201.82 100.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 233.42 100.25 Td (currencies, ) Tj ET Q q 0 0 0 rg BT 279.73 100.25 Td (or ) Tj ET Q q 0 0 0 rg BT 290.78 100.25 Td (other ) Tj ET Q q 0 0 0 rg BT 314.05 100.25 Td (income ) Tj ET Q q 0 0 0 rg BT 346.21 100.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 378.92 100.25 Td (with ) Tj ET Q q 0 0 0 rg BT 399.42 100.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 430.46 100.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.96 100.25 Td (its ) Tj ET Q q 0 0 0 rg BT 453.13 100.25 Td (business ) Tj ET Q q 0 0 0 rg BT 489.75 100.25 Td (of ) Tj ET Q q 0 0 0 rg BT 500.80 100.25 Td (investing ) Tj ET Q q 0 0 0 rg BT 540.19 100.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.69 100.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 88.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 68.62 88.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 108.40 88.25 Td (or ) Tj ET Q q 0 0 0 rg BT 118.74 88.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 149.64 88.25 Td (currencies ) Tj ET Q q 0 0 0 rg BT 192.73 88.25 Td (and ) Tj ET Q q 0 0 0 rg BT 209.19 88.25 Td (net ) Tj ET Q q 0 0 0 rg BT 223.42 88.25 Td (income ) Tj ET Q q 0 0 0 rg BT 254.87 88.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 286.86 88.25 Td (from ) Tj ET Q q 0 0 0 rg BT 308.32 88.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 343.66 88.25 Td (in ) Tj ET Q q 0 0 0 rg BT 353.45 88.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 391.01 88.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 425.79 88.25 Td (traded ) Tj ET Q q 0 0 0 rg BT 452.79 88.25 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 503.68 88.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 521.24 88.25 Td (Qualifying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 76.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 75.90 76.25 Td (Requirement\); ) Tj ET Q q 0 0 0 rg BT 141.01 76.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.36 76.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 173.48 76.25 Td (at ) Tj ET Q q 0 0 0 rg BT 183.61 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.74 76.25 Td (end ) Tj ET Q q 0 0 0 rg BT 216.09 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.33 76.25 Td (each ) Tj ET Q q 0 0 0 rg BT 248.56 76.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 279.79 76.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.03 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.16 76.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 329.50 76.25 Td (s ) Tj ET Q q 0 0 0 rg BT 336.30 76.25 Td (taxable ) Tj ET Q q 0 0 0 rg BT 368.08 76.25 Td (year) Tj ET Q q 0 0 0 rg BT 384.89 76.25 Td (, ) Tj ET Q q 0 0 0 rg BT 390.30 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.43 76.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 428.77 76.25 Td (s ) Tj ET Q q 0 0 0 rg BT 435.57 76.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 461.82 76.25 Td (must ) Tj ET Q q 0 0 0 rg BT 484.18 76.25 Td (be ) Tj ET Q q 0 0 0 rg BT 496.53 76.25 Td (diversified ) Tj ET Q q 0 0 0 rg BT 542.20 76.25 Td (so ) Tj ET Q q 0 0 0 rg BT 554.00 76.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 64.25 Td (\(a\)at ) Tj ET Q q 0 0 0 rg BT 66.53 64.25 Td (least ) Tj ET Q q 0 0 0 rg BT 87.57 64.25 Td (50% ) Tj ET Q q 0 0 0 rg BT 108.61 64.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.66 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.59 64.25 Td (value ) Tj ET Q q 0 0 0 rg BT 158.96 64.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.00 64.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.93 64.25 Td (Fund) Tj ET Q q 0 0 0 rg BT 208.27 64.25 Td (s ) Tj ET Q q 0 0 0 rg BT 214.88 64.25 Td (total ) Tj ET Q q 0 0 0 rg BT 235.36 64.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 261.41 64.25 Td (is ) Tj ET Q q 0 0 0 rg BT 270.79 64.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 319.59 64.25 Td (by ) Tj ET Q q 0 0 0 rg BT 332.30 64.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 352.79 64.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.94 64.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 390.42 64.25 Td (items, ) Tj ET Q q 0 0 0 rg BT 417.30 64.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 437.80 64.25 Td (government ) Tj ET Q q 0 0 0 rg BT 488.27 64.25 Td (securities, ) Tj ET Q q 0 0 0 rg BT 531.25 64.25 Td (securities ) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.86 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 76.94 742.10 Td (RICs, ) Tj ET Q q 0 0 0 rg BT 102.53 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.50 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 142.58 742.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 185.37 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 205.68 742.10 Td (such ) Tj ET Q q 0 0 0 rg BT 226.54 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 249.62 742.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 289.91 742.10 Td (limited, ) Tj ET Q q 0 0 0 rg BT 323.27 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.58 742.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 364.43 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.74 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 391.71 742.10 Td (one ) Tj ET Q q 0 0 0 rg BT 408.68 742.10 Td (issuer) Tj ET Q q 0 0 0 rg BT 431.61 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 436.64 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.95 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 458.92 742.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 491.44 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 506.75 742.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 537.04 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 547.35 742.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (than ) Tj ET Q q 0 0 0 rg BT 62.42 730.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 77.95 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.49 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.91 730.10 Td (value ) Tj ET Q q 0 0 0 rg BT 126.77 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.30 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.72 730.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 175.06 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 181.16 730.10 Td (total ) Tj ET Q q 0 0 0 rg BT 201.13 730.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 226.67 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.31 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.29 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 268.27 730.10 Td (more ) Tj ET Q q 0 0 0 rg BT 291.02 730.10 Td (than ) Tj ET Q q 0 0 0 rg BT 310.44 730.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 330.98 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.51 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.93 730.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 404.80 730.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 432.56 730.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 472.53 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.06 730.10 Td (such ) Tj ET Q q 0 0 0 rg BT 503.60 730.10 Td (issuer) Tj ET Q q 0 0 0 rg BT 526.52 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 531.23 730.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.78 718.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 85.34 718.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 125.66 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.56 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.56 718.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 181.66 718.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 217.00 718.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 244.54 718.10 Td (partnership, ) Tj ET Q q 0 0 0 rg BT 294.59 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.59 718.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 325.82 718.10 Td (not ) Tj ET Q q 0 0 0 rg BT 341.16 718.10 Td (more ) Tj ET Q q 0 0 0 rg BT 364.27 718.10 Td (than ) Tj ET Q q 0 0 0 rg BT 384.05 718.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 404.94 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.83 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.61 718.10 Td (value ) Tj ET Q q 0 0 0 rg BT 454.83 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.72 718.10 Td (its ) Tj ET Q q 0 0 0 rg BT 477.73 718.10 Td (total ) Tj ET Q q 0 0 0 rg BT 498.07 718.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 523.96 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 533.19 718.10 Td (invested, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (including ) Tj ET Q q 0 0 0 rg BT 84.48 706.10 Td (through ) Tj ET Q q 0 0 0 rg BT 119.30 706.10 Td (corporations ) Tj ET Q q 0 0 0 rg BT 172.99 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.48 706.10 Td (which ) Tj ET Q q 0 0 0 rg BT 212.62 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.55 706.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 252.81 706.10 Td (owns ) Tj ET Q q 0 0 0 rg BT 277.64 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 285.78 706.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 307.82 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.86 706.10 Td (more ) Tj ET Q q 0 0 0 rg BT 344.11 706.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 373.38 706.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 398.19 706.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 433.83 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 445.32 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.24 706.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 502.71 706.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 530.30 706.10 Td (than ) Tj ET Q q 0 0 0 rg BT 551.22 706.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (government ) Tj ET Q q 0 0 0 rg BT 92.82 694.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 132.63 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 143.02 694.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 182.83 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.22 694.10 Td (other ) Tj ET Q q 0 0 0 rg BT 215.82 694.10 Td (RICs\) ) Tj ET Q q 0 0 0 rg BT 241.76 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.15 694.10 Td (any ) Tj ET Q q 0 0 0 rg BT 268.64 694.10 Td (one ) Tj ET Q q 0 0 0 rg BT 285.13 694.10 Td (issuer) Tj ET Q q 0 0 0 rg BT 308.06 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 312.61 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.88 694.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 366.70 694.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 392.63 694.10 Td (than ) Tj ET Q q 0 0 0 rg BT 411.90 694.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 451.72 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.10 694.10 Td (other ) Tj ET Q q 0 0 0 rg BT 484.70 694.10 Td (RICs\) ) Tj ET Q q 0 0 0 rg BT 510.64 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.03 694.10 Td (two ) Tj ET Q q 0 0 0 rg BT 538.08 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 548.46 694.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.10 Td (issuers ) Tj ET Q q 0 0 0 rg BT 72.88 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 99.98 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.85 682.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 138.07 682.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 172.95 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 190.05 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 217.14 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 232.01 682.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 267.98 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.42 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.30 682.10 Td (same, ) Tj ET Q q 0 0 0 rg BT 319.00 682.10 Td (similar) Tj ET Q q 0 0 0 rg BT 346.37 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 351.53 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 362.52 682.10 Td (related ) Tj ET Q q 0 0 0 rg BT 392.38 682.10 Td (trades ) Tj ET Q q 0 0 0 rg BT 418.92 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 429.91 682.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 477.29 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.28 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.15 682.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 543.57 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 554.56 682.10 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 53.83 670.10 Td (more ) Tj ET Q q 0 0 0 rg BT 76.88 670.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 114.92 670.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 150.19 670.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 177.68 670.10 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 229.05 670.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 247.10 670.10 Td (Diversification ) Tj ET Q q 0 0 0 rg BT 314.02 670.10 Td (Requirement\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 652.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.41 652.10 Td (o ) Tj ET Q q 0 0 0 rg BT 55.85 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 70.50 652.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 97.37 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.02 652.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 135.02 652.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 163.00 652.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 213.21 652.10 Td (that ) Tj ET Q q 0 0 0 rg BT 230.65 652.10 Td (may ) Tj ET Q q 0 0 0 rg BT 250.30 652.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 286.60 652.10 Td (income ) Tj ET Q q 0 0 0 rg BT 318.47 652.10 Td (that ) Tj ET Q q 0 0 0 rg BT 335.90 652.10 Td (is ) Tj ET Q q 0 0 0 rg BT 345.01 652.10 Td (not ) Tj ET Q q 0 0 0 rg BT 360.22 652.10 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 403.76 652.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 438.13 652.10 Td (including ) Tj ET Q q 0 0 0 rg BT 478.34 652.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 507.98 652.10 Td (derivatives, ) Tj ET Q q 0 0 0 rg BT 556.79 652.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 640.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 65.81 640.10 Td (will ) Tj ET Q q 0 0 0 rg BT 83.62 640.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 103.64 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.67 640.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 143.68 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.15 640.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 195.39 640.10 Td (income ) Tj ET Q q 0 0 0 rg BT 227.07 640.10 Td (from ) Tj ET Q q 0 0 0 rg BT 248.76 640.10 Td (such ) Tj ET Q q 0 0 0 rg BT 269.34 640.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 319.37 640.10 Td (so ) Tj ET Q q 0 0 0 rg BT 330.51 640.10 Td (that ) Tj ET Q q 0 0 0 rg BT 347.75 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.22 640.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 385.56 640.10 Td (s ) Tj ET Q q 0 0 0 rg BT 391.70 640.10 Td (non-qualifying ) Tj ET Q q 0 0 0 rg BT 453.38 640.10 Td (income ) Tj ET Q q 0 0 0 rg BT 485.07 640.10 Td (does ) Tj ET Q q 0 0 0 rg BT 505.65 640.10 Td (not ) Tj ET Q q 0 0 0 rg BT 520.68 640.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 550.68 640.10 Td (10% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.83 628.10 Td (its ) Tj ET Q q 0 0 0 rg BT 65.78 628.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 89.39 628.10 Td (income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 610.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 84.00 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.44 610.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 123.22 610.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 155.33 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.33 610.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 207.33 610.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 261.10 610.10 Td (all ) Tj ET Q q 0 0 0 rg BT 274.32 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.87 610.10 Td (its ) Tj ET Q q 0 0 0 rg BT 298.54 610.10 Td (net ) Tj ET Q q 0 0 0 rg BT 313.98 610.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 361.08 610.10 Td (income ) Tj ET Q q 0 0 0 rg BT 393.73 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.39 610.10 Td (may ) Tj ET Q q 0 0 0 rg BT 431.83 610.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 472.83 610.10 Td (its ) Tj ET Q q 0 0 0 rg BT 485.50 610.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 515.37 610.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 539.70 610.10 Td (for ) Tj ET Q q 0 0 0 rg BT 554.58 610.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 598.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 74.15 598.10 Td (year) Tj ET Q q 0 0 0 rg BT 90.95 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 95.72 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.21 598.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 133.05 598.10 Td (will ) Tj ET Q q 0 0 0 rg BT 150.88 598.10 Td (be ) Tj ET Q q 0 0 0 rg BT 162.59 598.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 193.19 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.24 598.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 233.27 598.10 Td (income ) Tj ET Q q 0 0 0 rg BT 264.97 598.10 Td (taxation ) Tj ET Q q 0 0 0 rg BT 299.46 598.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.51 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.00 598.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 350.71 598.10 Td (any ) Tj ET Q q 0 0 0 rg BT 367.42 598.10 Td (such ) Tj ET Q q 0 0 0 rg BT 388.02 598.10 Td (income ) Tj ET Q q 0 0 0 rg BT 419.73 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 430.33 598.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 453.71 598.10 Td (are ) Tj ET Q q 0 0 0 rg BT 468.19 598.10 Td (not ) Tj ET Q q 0 0 0 rg BT 483.24 598.10 Td (distributed. ) Tj ET Q q 0 0 0 rg BT 530.62 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 548.44 598.10 Td (Fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 53.22 586.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 83.97 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 95.85 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.84 586.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 140.14 586.10 Td (corporation ) Tj ET Q q 0 0 0 rg BT 189.78 586.10 Td (for ) Tj ET Q q 0 0 0 rg BT 204.99 586.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 236.29 586.10 Td (income ) Tj ET Q q 0 0 0 rg BT 269.28 586.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 285.04 586.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 326.38 586.10 Td (The ) Tj ET Q q 0 0 0 rg BT 345.48 586.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 369.59 586.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 409.22 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 419.44 586.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 466.31 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.63 586.10 Td (be ) Tj ET Q q 0 0 0 rg BT 490.62 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.61 586.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 534.91 586.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 561.23 586.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 574.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 93.17 574.10 Td (its ) Tj ET Q q 0 0 0 rg BT 104.46 574.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 144.07 574.10 Td (under ) Tj ET Q q 0 0 0 rg BT 168.69 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.75 574.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 204.04 574.10 Td (for ) Tj ET Q q 0 0 0 rg BT 217.55 574.10 Td (RICs ) Tj ET Q q 0 0 0 rg BT 239.96 574.10 Td (described ) Tj ET Q q 0 0 0 rg BT 280.12 574.10 Td (herein. ) Tj ET Q q 0 0 0 rg BT 309.32 574.10 Td (The ) Tj ET Q q 0 0 0 rg BT 326.72 574.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 380.77 574.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 406.49 574.10 Td (than ) Tj ET Q q 0 0 0 rg BT 425.56 574.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 454.61 574.10 Td (or) Tj ET Q q 0 0 0 rg BT 462.76 574.10 Td (ganizational ) Tj ET Q q 0 0 0 rg BT 513.47 574.10 Td (requirements\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 57.16 562.10 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 100.76 562.10 Td (RIC ) Tj ET Q q 0 0 0 rg BT 119.93 562.10 Td (status ) Tj ET Q q 0 0 0 rg BT 145.21 562.10 Td (are ) Tj ET Q q 0 0 0 rg BT 159.92 562.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 207.40 562.10 Td (at ) Tj ET Q q 0 0 0 rg BT 217.12 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.83 562.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 254.89 562.10 Td (level ) Tj ET Q q 0 0 0 rg BT 276.83 562.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 302.64 562.10 Td (than ) Tj ET Q q 0 0 0 rg BT 322.36 562.10 Td (at ) Tj ET Q q 0 0 0 rg BT 332.08 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.61 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 352.37 562.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 369.87 562.10 Td (level.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 544.10 Td (If ) Tj ET Q q 0 0 0 rg BT 51.95 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 66.45 544.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 89.30 544.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 108.80 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.87 544.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 147.26 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.77 544.10 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 207.38 544.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 239.65 544.10 Td (Requirement ) Tj ET Q q 0 0 0 rg BT 293.59 544.10 Td (or ) Tj ET Q q 0 0 0 rg BT 304.20 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.71 544.10 Td (Diversification ) Tj ET Q q 0 0 0 rg BT 380.97 544.10 Td (Requirement ) Tj ET Q q 0 0 0 rg BT 434.91 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.98 544.10 Td (any ) Tj ET Q q 0 0 0 rg BT 461.70 544.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 492.86 544.10 Td (year) Tj ET Q q 0 0 0 rg BT 509.67 544.10 Td (, ) Tj ET Q q 0 0 0 rg BT 514.45 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.96 544.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 551.80 544.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 532.10 Td (be ) Tj ET Q q 0 0 0 rg BT 55.39 532.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 88.34 532.10 Td (for ) Tj ET Q q 0 0 0 rg BT 102.95 532.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 127.00 532.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 171.62 532.10 Td (if ) Tj ET Q q 0 0 0 rg BT 180.69 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.86 532.10 Td (failures ) Tj ET Q q 0 0 0 rg BT 228.80 532.10 Td (are ) Tj ET Q q 0 0 0 rg BT 243.96 532.10 Td (due ) Tj ET Q q 0 0 0 rg BT 261.35 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.08 532.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 317.79 532.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 342.95 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.34 532.10 Td (not ) Tj ET Q q 0 0 0 rg BT 376.08 532.10 Td (willful ) Tj ET Q q 0 0 0 rg BT 405.70 532.10 Td (neglect, ) Tj ET Q q 0 0 0 rg BT 440.02 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.41 532.10 Td (if ) Tj ET Q q 0 0 0 rg BT 466.48 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.87 532.10 Td (penalty ) Tj ET Q q 0 0 0 rg BT 506.26 532.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 521.43 532.10 Td (is ) Tj ET Q q 0 0 0 rg BT 531.05 532.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 551.22 532.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 520.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 74.37 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 85.21 520.10 Td (each ) Tj ET Q q 0 0 0 rg BT 106.58 520.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 135.73 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.56 520.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 175.73 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.00 520.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 235.15 520.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 292.23 520.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 342.13 520.10 Td (, ) Tj ET Q q 0 0 0 rg BT 347.69 520.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 371.84 520.10 Td (is ) Tj ET Q q 0 0 0 rg BT 381.57 520.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 420.17 520.10 Td (for ) Tj ET Q q 0 0 0 rg BT 434.89 520.10 Td (certain ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.15 520.10 Td (de ) Tj ET Q q 0 0 0 rg BT 477.64 520.10 Td (minimis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.31 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.37 520.10 Td (failures ) Tj ET Q q 0 0 0 rg BT 545.41 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 556.80 520.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.10 Td (Diversification ) Tj ET Q q 0 0 0 rg BT 104.51 508.10 Td (Requirement ) Tj ET Q q 0 0 0 rg BT 157.69 508.10 Td (where ) Tj ET Q q 0 0 0 rg BT 183.65 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.40 508.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 219.49 508.10 Td (corrects ) Tj ET Q q 0 0 0 rg BT 252.67 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.42 508.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 294.04 508.10 Td (within ) Tj ET Q q 0 0 0 rg BT 321.13 508.10 Td (a ) Tj ET Q q 0 0 0 rg BT 327.10 508.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 364.72 508.10 Td (period ) Tj ET Q q 0 0 0 rg BT 391.80 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.66 508.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 423.35 508.10 Td (T) Tj ET Q q 0 0 0 rg BT 428.76 508.10 Td (o ) Tj ET Q q 0 0 0 rg BT 435.29 508.10 Td (be ) Tj ET Q q 0 0 0 rg BT 446.26 508.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 477.78 508.10 Td (for ) Tj ET Q q 0 0 0 rg BT 490.98 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.72 508.10 Td (relief ) Tj ET Q q 0 0 0 rg BT 527.35 508.10 Td (provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 496.10 Td (with ) Tj ET Q q 0 0 0 rg BT 62.95 496.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 93.44 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.40 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 110.01 496.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 138.28 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.23 496.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 169.84 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.24 496.10 Td (Diversification ) Tj ET Q q 0 0 0 rg BT 246.39 496.10 Td (Requirement, ) Tj ET Q q 0 0 0 rg BT 302.72 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.11 496.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 339.85 496.10 Td (may ) Tj ET Q q 0 0 0 rg BT 359.24 496.10 Td (be ) Tj ET Q q 0 0 0 rg BT 370.85 496.10 Td (required ) Tj ET Q q 0 0 0 rg BT 406.34 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.30 496.10 Td (dispose ) Tj ET Q q 0 0 0 rg BT 448.47 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.98 496.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 488.35 496.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 516.36 496.10 Td (If ) Tj ET Q q 0 0 0 rg BT 525.19 496.10 Td (these ) Tj ET Q q 0 0 0 rg BT 547.92 496.10 Td (relief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 484.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 87.71 484.10 Td (were ) Tj ET Q q 0 0 0 rg BT 110.18 484.10 Td (not ) Tj ET Q q 0 0 0 rg BT 126.00 484.10 Td (available ) Tj ET Q q 0 0 0 rg BT 165.13 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.95 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.21 484.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 214.81 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.29 484.10 Td (it ) Tj ET Q q 0 0 0 rg BT 240.89 484.10 Td (were ) Tj ET Q q 0 0 0 rg BT 263.36 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.18 484.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 290.54 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.36 484.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 332.73 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.43 484.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 388.23 484.10 Td (as ) Tj ET Q q 0 0 0 rg BT 399.60 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 407.08 484.10 Td (RIC ) Tj ET Q q 0 0 0 rg BT 426.79 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 441.49 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.97 484.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 480.88 484.10 Td (year) Tj ET Q q 0 0 0 rg BT 497.69 484.10 Td (, ) Tj ET Q q 0 0 0 rg BT 503.23 484.10 Td (all ) Tj ET Q q 0 0 0 rg BT 516.27 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.64 484.10 Td (its ) Tj ET Q q 0 0 0 rg BT 540.13 484.10 Td (taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 472.10 Td (income ) Tj ET Q q 0 0 0 rg BT 74.13 472.10 Td (would ) Tj ET Q q 0 0 0 rg BT 100.83 472.10 Td (be ) Tj ET Q q 0 0 0 rg BT 111.97 472.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 141.99 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.47 472.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 165.39 472.10 Td (at ) Tj ET Q q 0 0 0 rg BT 174.30 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.22 472.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 218.23 472.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 257.69 472.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 274.37 472.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 303.84 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.63 472.10 Td (T) Tj ET Q q 0 0 0 rg BT 323.04 472.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 333.81 472.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 349.94 472.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 383.29 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.77 472.10 Td (21%\) ) Tj ET Q q 0 0 0 rg BT 416.13 472.10 Td (without ) Tj ET Q q 0 0 0 rg BT 448.38 472.10 Td (any ) Tj ET Q q 0 0 0 rg BT 464.52 472.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 505.65 472.10 Td (for ) Tj ET Q q 0 0 0 rg BT 519.01 472.10 Td (distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 52.83 460.10 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 107.92 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.41 460.10 Td (its ) Tj ET Q q 0 0 0 rg BT 135.92 460.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 187.97 460.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 231.13 460.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 259.83 460.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 283.00 460.10 Td (distributions\) ) Tj ET Q q 0 0 0 rg BT 338.38 460.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 377.64 460.10 Td (would ) Tj ET Q q 0 0 0 rg BT 404.69 460.10 Td (be ) Tj ET Q q 0 0 0 rg BT 416.18 460.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 447.11 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.94 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.21 460.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 523.80 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.18 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.45 460.10 Td (Fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 448.10 Td (as ) Tj ET Q q 0 0 0 rg BT 54.77 448.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 92.10 448.10 Td (income ) Tj ET Q q 0 0 0 rg BT 124.98 448.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 169.81 448.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 201.58 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.80 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.46 448.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 270.79 448.10 Td (received ) Tj ET Q q 0 0 0 rg BT 308.10 448.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 350.98 448.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.08 448.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 407.28 448.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 461.26 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.15 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.81 448.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 521.02 448.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 536.68 448.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 559.01 448.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 436.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 80.85 436.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 118.16 436.10 Td (income ) Tj ET Q q 0 0 0 rg BT 149.90 436.10 Td (received ) Tj ET Q q 0 0 0 rg BT 186.07 436.10 Td (by ) Tj ET Q q 0 0 0 rg BT 198.38 436.10 Td (non-corporate ) Tj ET Q q 0 0 0 rg BT 256.77 436.10 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 312.12 436.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 342.76 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.84 436.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 382.36 436.10 Td (limitations. ) Tj ET Q q 0 0 0 rg BT 429.78 436.10 Td (T) Tj ET Q q 0 0 0 rg BT 435.19 436.10 Td (o ) Tj ET Q q 0 0 0 rg BT 442.50 436.10 Td (requalify ) Tj ET Q q 0 0 0 rg BT 480.90 436.10 Td (for ) Tj ET Q q 0 0 0 rg BT 494.87 436.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 534.94 436.10 Td (as ) Tj ET Q q 0 0 0 rg BT 545.58 436.10 Td (a ) Tj ET Q q 0 0 0 rg BT 552.33 436.10 Td (RIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 424.10 Td (in ) Tj ET Q q 0 0 0 rg BT 53.22 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 60.10 424.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 106.98 424.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 138.29 424.10 Td (year) Tj ET Q q 0 0 0 rg BT 155.10 424.10 Td (, ) Tj ET Q q 0 0 0 rg BT 160.04 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.70 424.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 197.70 424.10 Td (would ) Tj ET Q q 0 0 0 rg BT 225.14 424.10 Td (be ) Tj ET Q q 0 0 0 rg BT 237.02 424.10 Td (required ) Tj ET Q q 0 0 0 rg BT 272.78 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.00 424.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 311.55 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.21 424.10 Td (RIC ) Tj ET Q q 0 0 0 rg BT 345.32 424.10 Td (qualification ) Tj ET Q q 0 0 0 rg BT 398.30 424.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 452.94 424.10 Td (for ) Tj ET Q q 0 0 0 rg BT 467.04 424.10 Td (that ) Tj ET Q q 0 0 0 rg BT 484.48 424.10 Td (year ) Tj ET Q q 0 0 0 rg BT 504.13 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.01 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.23 424.10 Td (distribute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 412.10 Td (any ) Tj ET Q q 0 0 0 rg BT 59.82 412.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 96.08 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 112.91 412.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 141.40 412.10 Td (from ) Tj ET Q q 0 0 0 rg BT 163.22 412.10 Td (any ) Tj ET Q q 0 0 0 rg BT 180.04 412.10 Td (year ) Tj ET Q q 0 0 0 rg BT 199.64 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.80 412.10 Td (which ) Tj ET Q q 0 0 0 rg BT 236.62 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.22 412.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 274.17 412.10 Td (failed ) Tj ET Q q 0 0 0 rg BT 299.32 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.48 412.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 340.19 412.10 Td (for ) Tj ET Q q 0 0 0 rg BT 354.23 412.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 368.83 412.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 408.98 412.10 Td (as ) Tj ET Q q 0 0 0 rg BT 419.69 412.10 Td (a ) Tj ET Q q 0 0 0 rg BT 426.51 412.10 Td (RIC. ) Tj ET Q q 0 0 0 rg BT 448.07 412.10 Td (If ) Tj ET Q q 0 0 0 rg BT 457.11 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.71 412.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 494.66 412.10 Td (failed ) Tj ET Q q 0 0 0 rg BT 519.81 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.97 412.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 560.68 412.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 49.90 400.10 Td (RIC ) Tj ET Q q 0 0 0 rg BT 69.03 400.10 Td (for ) Tj ET Q q 0 0 0 rg BT 83.14 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 90.04 400.10 Td (period ) Tj ET Q q 0 0 0 rg BT 118.05 400.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 148.26 400.10 Td (than ) Tj ET Q q 0 0 0 rg BT 167.93 400.10 Td (two ) Tj ET Q q 0 0 0 rg BT 185.39 400.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 216.72 400.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 242.78 400.10 Td (it ) Tj ET Q q 0 0 0 rg BT 250.80 400.10 Td (would ) Tj ET Q q 0 0 0 rg BT 278.25 400.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 317.91 400.10 Td (be ) Tj ET Q q 0 0 0 rg BT 329.81 400.10 Td (required ) Tj ET Q q 0 0 0 rg BT 365.59 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.82 400.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 392.72 400.10 Td (a ) Tj ET Q q 0 0 0 rg BT 399.62 400.10 Td (Fund-level ) Tj ET Q q 0 0 0 rg BT 445.40 400.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 460.08 400.10 Td (on ) Tj ET Q q 0 0 0 rg BT 472.53 400.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 502.19 400.10 Td (net ) Tj ET Q q 0 0 0 rg BT 516.87 400.10 Td (built ) Tj ET Q q 0 0 0 rg BT 537.66 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 547.90 400.10 Td (gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 388.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 88.96 388.10 Td (with ) Tj ET Q q 0 0 0 rg BT 108.84 388.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 139.26 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.14 388.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 178.45 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.88 388.10 Td (its ) Tj ET Q q 0 0 0 rg BT 200.43 388.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 225.86 388.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 247.96 388.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 293.96 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.39 388.10 Td (such ) Tj ET Q q 0 0 0 rg BT 324.83 388.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 350.26 388.10 Td (within ) Tj ET Q q 0 0 0 rg BT 377.92 388.10 Td (five ) Tj ET Q q 0 0 0 rg BT 395.57 388.10 Td (years ) Tj ET Q q 0 0 0 rg BT 418.77 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.20 388.10 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 472.40 388.10 Td (as ) Tj ET Q q 0 0 0 rg BT 482.84 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.38 388.10 Td (RIC ) Tj ET Q q 0 0 0 rg BT 508.15 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.03 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.57 388.10 Td (subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 376.10 Td (year) Tj ET Q q 0 0 0 rg BT 59.66 376.10 Td (. ) Tj ET Q q 0 0 0 rg BT 64.34 376.10 Td (The ) Tj ET Q q 0 0 0 rg BT 82.25 376.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 109.05 376.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 144.16 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.74 376.10 Td (right ) Tj ET Q q 0 0 0 rg BT 179.98 376.10 Td (not ) Tj ET Q q 0 0 0 rg BT 195.12 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.26 376.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 242.60 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.18 376.10 Td (qualification ) Tj ET Q q 0 0 0 rg BT 310.08 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.76 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.34 376.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 358.26 376.10 Td (for ) Tj ET Q q 0 0 0 rg BT 372.28 376.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 412.40 376.10 Td (as ) Tj ET Q q 0 0 0 rg BT 423.08 376.10 Td (a ) Tj ET Q q 0 0 0 rg BT 429.88 376.10 Td (RIC ) Tj ET Q q 0 0 0 rg BT 448.91 376.10 Td (if ) Tj ET Q q 0 0 0 rg BT 457.38 376.10 Td (it ) Tj ET Q q 0 0 0 rg BT 465.29 376.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 511.52 376.10 Td (such ) Tj ET Q q 0 0 0 rg BT 532.21 376.10 Td (course ) Tj ET Q q 0 0 0 rg BT 560.67 376.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 364.10 Td (action ) Tj ET Q q 0 0 0 rg BT 69.90 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 80.14 364.10 Td (be ) Tj ET Q q 0 0 0 rg BT 92.04 364.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 133.93 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.17 364.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 199.67 364.10 Td (If ) Tj ET Q q 0 0 0 rg BT 208.80 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.48 364.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 246.51 364.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 292.84 364.10 Td (that ) Tj ET Q q 0 0 0 rg BT 310.30 364.10 Td (it ) Tj ET Q q 0 0 0 rg BT 318.33 364.10 Td (will ) Tj ET Q q 0 0 0 rg BT 336.35 364.10 Td (not ) Tj ET Q q 0 0 0 rg BT 351.59 364.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 382.38 364.10 Td (as ) Tj ET Q q 0 0 0 rg BT 393.17 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 400.08 364.10 Td (RIC, ) Tj ET Q q 0 0 0 rg BT 421.71 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.39 364.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 459.42 364.10 Td (will ) Tj ET Q q 0 0 0 rg BT 477.44 364.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 514.90 364.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 561.23 364.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 352.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 71.03 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.75 352.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 132.12 352.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 146.83 352.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 180.44 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.72 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.44 352.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 228.78 352.10 Td (s ) Tj ET Q q 0 0 0 rg BT 235.17 352.10 Td (NA) Tj ET Q q 0 0 0 rg BT 248.32 352.10 Td (V) Tj ET Q q 0 0 0 rg BT 254.25 352.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 334.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.44 334.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 84.88 334.10 Td (may ) Tj ET Q q 0 0 0 rg BT 104.99 334.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 126.75 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.42 334.10 Td (treat ) Tj ET Q q 0 0 0 rg BT 158.07 334.10 Td (part ) Tj ET Q q 0 0 0 rg BT 176.50 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 187.72 334.10 Td (all ) Tj ET Q q 0 0 0 rg BT 200.60 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.82 334.10 Td (any ) Tj ET Q q 0 0 0 rg BT 229.15 334.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 272.02 334.10 Td (late ) Tj ET Q q 0 0 0 rg BT 289.34 334.10 Td (year ) Tj ET Q q 0 0 0 rg BT 309.44 334.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 332.32 334.10 Td (as ) Tj ET Q q 0 0 0 rg BT 343.54 334.10 Td (if ) Tj ET Q q 0 0 0 rg BT 352.54 334.10 Td (it ) Tj ET Q q 0 0 0 rg BT 360.98 334.10 Td (had ) Tj ET Q q 0 0 0 rg BT 378.31 334.10 Td (been ) Tj ET Q q 0 0 0 rg BT 400.08 334.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 436.28 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.95 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.05 334.10 Td (succeeding ) Tj ET Q q 0 0 0 rg BT 509.36 334.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 541.12 334.10 Td (year ) Tj ET Q q 0 0 0 rg BT 561.22 334.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 322.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 93.06 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.02 322.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 130.36 322.10 Td (s ) Tj ET Q q 0 0 0 rg BT 135.99 322.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 166.60 322.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 200.28 322.10 Td (net ) Tj ET Q q 0 0 0 rg BT 214.24 322.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 242.63 322.10 Td (gain, ) Tj ET Q q 0 0 0 rg BT 264.08 322.10 Td (net ) Tj ET Q q 0 0 0 rg BT 278.04 322.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 321.44 322.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 349.83 322.10 Td (gain, ) Tj ET Q q 0 0 0 rg BT 371.29 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.47 322.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 423.08 322.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.26 322.10 Td (profits. ) Tj ET Q q 0 0 0 rg BT 469.49 322.10 Td (The ) Tj ET Q q 0 0 0 rg BT 486.77 322.10 Td (ef) Tj ET Q q 0 0 0 rg BT 494.36 322.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 511.09 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.16 322.10 Td (this ) Tj ET Q q 0 0 0 rg BT 537.35 322.10 Td (election ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 310.10 Td (is ) Tj ET Q q 0 0 0 rg BT 51.29 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.69 310.10 Td (treat ) Tj ET Q q 0 0 0 rg BT 80.08 310.10 Td (any ) Tj ET Q q 0 0 0 rg BT 96.14 310.10 Td (such ) Tj ET Q q 0 0 0 rg BT 116.09 310.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 157.70 310.10 Td (late ) Tj ET Q q 0 0 0 rg BT 173.75 310.10 Td (year ) Tj ET Q q 0 0 0 rg BT 192.58 310.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 214.20 310.10 Td (as ) Tj ET Q q 0 0 0 rg BT 224.16 310.10 Td (if ) Tj ET Q q 0 0 0 rg BT 231.89 310.10 Td (it ) Tj ET Q q 0 0 0 rg BT 239.07 310.10 Td (had ) Tj ET Q q 0 0 0 rg BT 255.13 310.10 Td (been ) Tj ET Q q 0 0 0 rg BT 275.63 310.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 310.57 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.97 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.81 310.10 Td (succeeding ) Tj ET Q q 0 0 0 rg BT 379.85 310.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 410.35 310.10 Td (year ) Tj ET Q q 0 0 0 rg BT 429.18 310.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.58 310.10 Td (characterizing ) Tj ET Q q 0 0 0 rg BT 496.83 310.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 519.01 310.10 Td (distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 57.82 298.10 Td (any ) Tj ET Q q 0 0 0 rg BT 75.43 298.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 112.45 298.10 Td (year) Tj ET Q q 0 0 0 rg BT 129.11 298.10 Td (. ) Tj ET Q q 0 0 0 rg BT 134.07 298.10 Td (A) Tj ET Q q 0 0 0 rg BT 140.74 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.91 298.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 187.05 298.10 Td (late ) Tj ET Q q 0 0 0 rg BT 204.65 298.10 Td (year ) Tj ET Q q 0 0 0 rg BT 225.02 298.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 248.19 298.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 288.55 298.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 325.04 298.10 Td (net ) Tj ET Q q 0 0 0 rg BT 340.42 298.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 370.24 298.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 391.46 298.10 Td (net ) Tj ET Q q 0 0 0 rg BT 406.84 298.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 449.44 298.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 479.25 298.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 500.48 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 511.97 298.10 Td (net ) Tj ET Q q 0 0 0 rg BT 527.36 298.10 Td (short-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 286.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 72.32 286.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 90.55 286.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 126.53 286.10 Td (after ) Tj ET Q q 0 0 0 rg BT 147.51 286.10 Td (October ) Tj ET Q q 0 0 0 rg BT 182.39 286.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 195.05 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.05 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.94 286.10 Td (current ) Tj ET Q q 0 0 0 rg BT 251.92 286.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 283.46 286.10 Td (year ) Tj ET Q q 0 0 0 rg BT 303.33 286.10 Td (\(commonly ) Tj ET Q q 0 0 0 rg BT 352.10 286.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 386.41 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.85 286.10 Td (as ) Tj ET Q q 0 0 0 rg BT 407.85 286.10 Td (post-October ) Tj ET Q q 0 0 0 rg BT 467.16 286.10 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 501.49 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.60 286.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 548.47 286.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 274.10 Td (late-year ) Tj ET Q q 0 0 0 rg BT 80.47 274.10 Td (losses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 256.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 73.99 256.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 99.99 256.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.87 256.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 138.07 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.51 256.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 177.27 256.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 200.48 256.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 222.57 256.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 251.33 256.10 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 285.09 256.10 Td (are ) Tj ET Q q 0 0 0 rg BT 299.41 256.10 Td (not ) Tj ET Q q 0 0 0 rg BT 314.29 256.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 354.72 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.60 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 376.15 256.10 Td (deducted ) Tj ET Q q 0 0 0 rg BT 414.35 256.10 Td (against ) Tj ET Q q 0 0 0 rg BT 444.78 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 451.32 256.10 Td (RIC) Tj ET Q q 0 0 0 rg BT 470.77 256.10 Td (s ) Tj ET Q q 0 0 0 rg BT 476.77 256.10 Td (net ) Tj ET Q q 0 0 0 rg BT 491.09 256.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 537.08 256.10 Td (income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 244.10 Td (Instead, ) Tj ET Q q 0 0 0 rg BT 77.25 244.10 Td (for ) Tj ET Q q 0 0 0 rg BT 91.79 244.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 112.45 244.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 143.08 244.10 Td (income ) Tj ET Q q 0 0 0 rg BT 175.40 244.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 190.49 244.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 231.42 244.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 277.06 244.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 308.27 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.92 244.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 349.00 244.10 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 397.16 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.25 244.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 435.69 244.10 Td (may ) Tj ET Q q 0 0 0 rg BT 455.79 244.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 479.20 244.10 Td (a ) Tj ET Q q 0 0 0 rg BT 486.52 244.10 Td (net ) Tj ET Q q 0 0 0 rg BT 501.61 244.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 531.14 244.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 549.58 244.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 232.10 Td (any ) Tj ET Q q 0 0 0 rg BT 59.53 232.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 90.50 232.10 Td (year ) Tj ET Q q 0 0 0 rg BT 109.79 232.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 143.54 232.10 Td (indefinitely ) Tj ET Q q 0 0 0 rg BT 191.73 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.60 232.10 Td (of) Tj ET Q q 0 0 0 rg BT 209.75 232.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 226.28 232.10 Td (its ) Tj ET Q q 0 0 0 rg BT 237.82 232.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 266.56 232.10 Td (gains, ) Tj ET Q q 0 0 0 rg BT 292.26 232.10 Td (if ) Tj ET Q q 0 0 0 rg BT 300.46 232.10 Td (any) Tj ET Q q 0 0 0 rg BT 314.25 232.10 Td (, ) Tj ET Q q 0 0 0 rg BT 318.84 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 328.72 232.10 Td (years ) Tj ET Q q 0 0 0 rg BT 351.91 232.10 Td (following ) Tj ET Q q 0 0 0 rg BT 392.89 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.19 232.10 Td (year ) Tj ET Q q 0 0 0 rg BT 426.49 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.92 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.23 232.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 471.23 232.10 Td (T) Tj ET Q q 0 0 0 rg BT 476.64 232.10 Td (o ) Tj ET Q q 0 0 0 rg BT 483.73 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.04 232.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 524.56 232.10 Td (subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 220.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 72.05 220.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 95.57 220.10 Td (are ) Tj ET Q q 0 0 0 rg BT 110.18 220.10 Td (of) Tj ET Q q 0 0 0 rg BT 118.33 220.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 135.17 220.10 Td (by ) Tj ET Q q 0 0 0 rg BT 147.57 220.10 Td (such ) Tj ET Q q 0 0 0 rg BT 168.31 220.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 197.10 220.10 Td (they ) Tj ET Q q 0 0 0 rg BT 216.72 220.10 Td (will ) Tj ET Q q 0 0 0 rg BT 234.68 220.10 Td (not ) Tj ET Q q 0 0 0 rg BT 249.87 220.10 Td (result ) Tj ET Q q 0 0 0 rg BT 274.49 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.67 220.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 304.85 220.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 335.01 220.10 Td (income ) Tj ET Q q 0 0 0 rg BT 366.85 220.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 381.47 220.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 414.98 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.17 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.79 220.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 462.75 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.59 220.10 Td (may ) Tj ET Q q 0 0 0 rg BT 499.21 220.10 Td (not ) Tj ET Q q 0 0 0 rg BT 514.40 220.10 Td (be ) Tj ET Q q 0 0 0 rg BT 526.24 220.10 Td (distributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 208.10 Td (as ) Tj ET Q q 0 0 0 rg BT 53.63 208.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 82.59 208.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 106.00 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.08 208.10 Td (its ) Tj ET Q q 0 0 0 rg BT 127.83 208.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 183.17 208.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 221.95 208.10 Td (, ) Tj ET Q q 0 0 0 rg BT 226.75 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.27 208.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 264.14 208.10 Td (may ) Tj ET Q q 0 0 0 rg BT 283.66 208.10 Td (not ) Tj ET Q q 0 0 0 rg BT 298.74 208.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 321.58 208.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 355.54 208.10 Td (any ) Tj ET Q q 0 0 0 rg BT 372.28 208.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 398.47 208.10 Td (other ) Tj ET Q q 0 0 0 rg BT 421.32 208.10 Td (than ) Tj ET Q q 0 0 0 rg BT 440.84 208.10 Td (net ) Tj ET Q q 0 0 0 rg BT 455.37 208.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 484.32 208.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 512.85 208.10 Td (The ) Tj ET Q q 0 0 0 rg BT 530.70 208.10 Td (carryover ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 53.61 196.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 82.53 196.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 108.70 196.10 Td (may ) Tj ET Q q 0 0 0 rg BT 128.19 196.10 Td (be ) Tj ET Q q 0 0 0 rg BT 139.90 196.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 170.51 196.10 Td (under ) Tj ET Q q 0 0 0 rg BT 195.55 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.05 196.10 Td (general ) Tj ET Q q 0 0 0 rg BT 241.75 196.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 259.58 196.10 Td (limitation ) Tj ET Q q 0 0 0 rg BT 300.74 196.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 322.46 196.10 Td (if ) Tj ET Q q 0 0 0 rg BT 330.84 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.33 196.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 368.17 196.10 Td (experiences ) Tj ET Q q 0 0 0 rg BT 417.64 196.10 Td (an ) Tj ET Q q 0 0 0 rg BT 429.35 196.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 473.29 196.10 Td (change ) Tj ET Q q 0 0 0 rg BT 503.88 196.10 Td (as ) Tj ET Q q 0 0 0 rg BT 514.48 196.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 546.75 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 556.80 196.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 184.10 Td (Code.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 166.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.83 166.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 85.68 166.10 Td (will ) Tj ET Q q 0 0 0 rg BT 104.52 166.10 Td (be ) Tj ET Q q 0 0 0 rg BT 117.24 166.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 148.85 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.91 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 167.63 166.10 Td (nondeductible ) Tj ET Q q 0 0 0 rg BT 227.57 166.10 Td (4% ) Tj ET Q q 0 0 0 rg BT 244.18 166.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 275.22 166.10 Td (excise ) Tj ET Q q 0 0 0 rg BT 303.49 166.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 318.99 166.10 Td (on ) Tj ET Q q 0 0 0 rg BT 332.27 166.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 362.76 166.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 418.81 166.10 Td (income ) Tj ET Q q 0 0 0 rg BT 451.53 166.10 Td (if ) Tj ET Q q 0 0 0 rg BT 460.92 166.10 Td (it ) Tj ET Q q 0 0 0 rg BT 469.76 166.10 Td (does ) Tj ET Q q 0 0 0 rg BT 491.38 166.10 Td (not ) Tj ET Q q 0 0 0 rg BT 507.44 166.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 548.50 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 559.56 166.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 154.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 96.55 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.34 154.10 Td (each ) Tj ET Q q 0 0 0 rg BT 128.67 154.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 165.54 154.10 Td (year ) Tj ET Q q 0 0 0 rg BT 185.76 154.10 Td (an ) Tj ET Q q 0 0 0 rg BT 198.21 154.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 231.22 154.10 Td (at ) Tj ET Q q 0 0 0 rg BT 241.44 154.10 Td (least ) Tj ET Q q 0 0 0 rg BT 262.78 154.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 287.45 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.24 154.10 Td (98% ) Tj ET Q q 0 0 0 rg BT 319.58 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.92 154.10 Td (its ) Tj ET Q q 0 0 0 rg BT 343.38 154.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 380.27 154.10 Td (income ) Tj ET Q q 0 0 0 rg BT 412.72 154.10 Td (for ) Tj ET Q q 0 0 0 rg BT 427.39 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.62 154.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 479.49 154.10 Td (year ) Tj ET Q q 0 0 0 rg BT 499.71 154.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 519.39 154.10 Td (98.2% ) Tj ET Q q 0 0 0 rg BT 548.23 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 559.57 154.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 142.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 72.02 142.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 91.61 142.10 Td (net ) Tj ET Q q 0 0 0 rg BT 106.20 142.10 Td (income ) Tj ET Q q 0 0 0 rg BT 138.00 142.10 Td (for ) Tj ET Q q 0 0 0 rg BT 152.03 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.62 142.10 Td (one-year ) Tj ET Q q 0 0 0 rg BT 203.96 142.10 Td (period ) Tj ET Q q 0 0 0 rg BT 231.88 142.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 261.47 142.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.84 142.10 Td (October ) Tj ET Q q 0 0 0 rg BT 308.42 142.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 320.79 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.49 142.10 Td (that ) Tj ET Q q 0 0 0 rg BT 348.85 142.10 Td (year) Tj ET Q q 0 0 0 rg BT 365.66 142.10 Td (, ) Tj ET Q q 0 0 0 rg BT 370.53 142.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 401.23 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.38 142.10 Td (an ) Tj ET Q q 0 0 0 rg BT 423.19 142.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 458.31 142.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.34 142.10 Td (any ) Tj ET Q q 0 0 0 rg BT 489.15 142.10 Td (shortfall ) Tj ET Q q 0 0 0 rg BT 524.85 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.99 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 549.58 142.10 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 130.10 Td (year) Tj ET Q q 0 0 0 rg BT 60.58 130.10 Td () Tj ET Q q 0 0 0 rg BT 63.36 130.10 Td (s ) Tj ET Q q 0 0 0 rg BT 69.77 130.10 Td (distribution. ) Tj ET Q q 0 0 0 rg BT 120.72 130.10 Td (The ) Tj ET Q q 0 0 0 rg BT 138.78 130.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 161.87 130.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 193.27 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.57 130.10 Td (declare ) Tj ET Q q 0 0 0 rg BT 234.95 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.91 130.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 292.20 130.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 333.61 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.57 130.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 403.09 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.39 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.13 130.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 464.53 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.49 130.10 Td (at ) Tj ET Q q 0 0 0 rg BT 491.23 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.96 130.10 Td (times ) Tj ET Q q 0 0 0 rg BT 530.15 130.10 Td (necessary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 118.10 Td (to ) Tj ET Q q 0 0 0 rg BT 53.28 118.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 78.00 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.71 118.10 Td (application ) Tj ET Q q 0 0 0 rg BT 139.64 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.47 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.19 118.10 Td (excise ) Tj ET Q q 0 0 0 rg BT 192.67 118.10 Td (tax, ) Tj ET Q q 0 0 0 rg BT 209.89 118.10 Td (but ) Tj ET Q q 0 0 0 rg BT 225.17 118.10 Td (can ) Tj ET Q q 0 0 0 rg BT 241.54 118.10 Td (make ) Tj ET Q q 0 0 0 rg BT 265.70 118.10 Td (no ) Tj ET Q q 0 0 0 rg BT 278.20 118.10 Td (assurances ) Tj ET Q q 0 0 0 rg BT 323.46 118.10 Td (that ) Tj ET Q q 0 0 0 rg BT 340.95 118.10 Td (all ) Tj ET Q q 0 0 0 rg BT 353.45 118.10 Td (such ) Tj ET Q q 0 0 0 rg BT 374.28 118.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 389.00 118.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 422.60 118.10 Td (will ) Tj ET Q q 0 0 0 rg BT 440.66 118.10 Td (be ) Tj ET Q q 0 0 0 rg BT 452.60 118.10 Td (eliminated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 100.10 Td (If ) Tj ET Q q 0 0 0 rg BT 52.03 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 66.62 100.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 89.56 100.10 Td (meets ) Tj ET Q q 0 0 0 rg BT 115.26 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.85 100.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 180.55 100.10 Td (Requirement ) Tj ET Q q 0 0 0 rg BT 234.58 100.10 Td (but ) Tj ET Q q 0 0 0 rg BT 249.73 100.10 Td (retains ) Tj ET Q q 0 0 0 rg BT 278.76 100.10 Td (some ) Tj ET Q q 0 0 0 rg BT 302.24 100.10 Td (or ) Tj ET Q q 0 0 0 rg BT 312.94 100.10 Td (all ) Tj ET Q q 0 0 0 rg BT 325.31 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.01 100.10 Td (its ) Tj ET Q q 0 0 0 rg BT 347.83 100.10 Td (income ) Tj ET Q q 0 0 0 rg BT 379.64 100.10 Td (or ) Tj ET Q q 0 0 0 rg BT 390.34 100.10 Td (gains, ) Tj ET Q q 0 0 0 rg BT 416.33 100.10 Td (it ) Tj ET Q q 0 0 0 rg BT 424.25 100.10 Td (will ) Tj ET Q q 0 0 0 rg BT 442.18 100.10 Td (be ) Tj ET Q q 0 0 0 rg BT 454.00 100.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 484.69 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 494.85 100.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 524.97 100.10 Td (income ) Tj ET Q q 0 0 0 rg BT 556.78 100.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 53.89 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.22 88.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 96.76 88.10 Td (any ) Tj ET Q q 0 0 0 rg BT 114.31 88.10 Td (such ) Tj ET Q q 0 0 0 rg BT 135.75 88.10 Td (income ) Tj ET Q q 0 0 0 rg BT 168.29 88.10 Td (or ) Tj ET Q q 0 0 0 rg BT 179.73 88.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 203.95 88.10 Td (are ) Tj ET Q q 0 0 0 rg BT 219.27 88.10 Td (not ) Tj ET Q q 0 0 0 rg BT 235.16 88.10 Td (distributed. ) Tj ET Q q 0 0 0 rg BT 283.32 88.10 Td (The ) Tj ET Q q 0 0 0 rg BT 301.97 88.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 325.65 88.10 Td (may ) Tj ET Q q 0 0 0 rg BT 345.97 88.10 Td (designate ) Tj ET Q q 0 0 0 rg BT 386.85 88.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 417.16 88.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 454.16 88.10 Td (retained ) Tj ET Q q 0 0 0 rg BT 489.47 88.10 Td (as ) Tj ET Q q 0 0 0 rg BT 500.91 88.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 556.79 88.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 76.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 71.71 76.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 90.99 76.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.83 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.33 76.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 133.83 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.67 76.10 Td (its ) Tj ET Q q 0 0 0 rg BT 155.18 76.10 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 210.28 76.10 Td (who ) Tj ET Q q 0 0 0 rg BT 229.56 76.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 241.06 76.10 Td (will ) Tj ET Q q 0 0 0 rg BT 258.68 76.10 Td (be ) Tj ET Q q 0 0 0 rg BT 270.18 76.10 Td (required ) Tj ET Q q 0 0 0 rg BT 305.56 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.40 76.10 Td (include ) Tj ET Q q 0 0 0 rg BT 346.89 76.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.73 76.10 Td (income ) Tj ET Q q 0 0 0 rg BT 388.23 76.10 Td (for ) Tj ET Q q 0 0 0 rg BT 401.95 76.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 421.80 76.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 451.61 76.10 Td (income ) Tj ET Q q 0 0 0 rg BT 483.11 76.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 497.39 76.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 537.50 76.10 Td (as ) Tj ET Q q 0 0 0 rg BT 547.89 76.10 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 64.10 Td (term ) Tj ET Q q 0 0 0 rg BT 63.26 64.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 91.84 64.10 Td (gain, ) Tj ET Q q 0 0 0 rg BT 113.49 64.10 Td (their ) Tj ET Q q 0 0 0 rg BT 133.75 64.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 189.55 64.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 216.48 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.74 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.89 64.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 295.59 64.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 327.52 64.10 Td (so ) Tj ET Q q 0 0 0 rg BT 338.35 64.10 Td (designated, ) Tj ET Q q 0 0 0 rg BT 385.54 64.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 399.69 64.10 Td (will ) Tj ET Q q 0 0 0 rg BT 417.18 64.10 Td (be ) Tj ET Q q 0 0 0 rg BT 428.55 64.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 460.47 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.19 64.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 494.88 64.10 Td (their ) Tj ET Q q 0 0 0 rg BT 515.14 64.10 Td (proportionate ) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 69.96 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.26 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.45 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 125.86 742.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 140.05 742.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 159.23 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 171.21 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.39 742.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 207.93 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 219.90 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 236.87 742.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 291.61 742.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 323.58 742.10 Td (against ) Tj ET Q q 0 0 0 rg BT 353.88 742.10 Td (their ) Tj ET Q q 0 0 0 rg BT 374.17 742.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 403.90 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 435.30 742.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 449.49 742.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 488.68 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.09 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.84 742.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 539.02 742.10 Td (refunds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 52.58 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 66.60 730.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 92.84 730.10 Td (such ) Tj ET Q q 0 0 0 rg BT 112.97 730.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 141.43 730.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 170.99 730.10 Td (their ) Tj ET Q q 0 0 0 rg BT 191.12 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 205.14 730.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 246.66 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.90 730.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 279.70 730.10 Td (will ) Tj ET Q q 0 0 0 rg BT 297.06 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 308.30 730.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 340.09 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.67 730.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 384.23 730.10 Td (their ) Tj ET Q q 0 0 0 rg BT 404.36 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 418.38 730.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 442.68 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 456.14 730.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 485.70 730.10 Td (income ) Tj ET Q q 0 0 0 rg BT 516.94 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 530.96 730.10 Td (purposes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 53.41 718.10 Td (their ) Tj ET Q q 0 0 0 rg BT 74.36 718.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 103.65 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 116.28 718.10 Td (an ) Tj ET Q q 0 0 0 rg BT 128.34 718.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 160.97 718.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 185.25 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.66 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.50 718.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 239.23 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.19 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.03 718.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 297.66 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.62 718.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 364.02 718.10 Td (net ) Tj ET Q q 0 0 0 rg BT 378.86 718.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 408.14 718.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 427.99 718.10 Td (included ) Tj ET Q q 0 0 0 rg BT 465.05 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.46 718.10 Td (their ) Tj ET Q q 0 0 0 rg BT 496.41 718.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 539.57 718.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (over ) Tj ET Q q 0 0 0 rg BT 63.27 706.10 Td (their ) Tj ET Q q 0 0 0 rg BT 84.09 706.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 127.13 706.10 Td (income ) Tj ET Q q 0 0 0 rg BT 159.06 706.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 173.78 706.10 Td (credits.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 686.7669921875 m 203.630859375 686.7669921875 l s q 0 0 0 rg BT 43.00 688.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.41 688.10 Td (axation ) Tj ET Q q 0 0 0 rg BT 79.85 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.19 688.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 144.40 688.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.40 688.10 Td (Distributions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.63 688.10 Td (. ) Tj ET Q q 0 0 0 rg BT 207.99 688.10 Td (The ) Tj ET Q q 0 0 0 rg BT 225.54 688.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 248.11 688.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 279.00 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.79 688.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 328.57 688.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 365.01 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.79 688.10 Td (its ) Tj ET Q q 0 0 0 rg BT 386.25 688.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 438.79 688.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 491.35 688.10 Td (all ) Tj ET Q q 0 0 0 rg BT 503.35 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.68 688.10 Td (its ) Tj ET Q q 0 0 0 rg BT 525.14 688.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 676.10 Td (company ) Tj ET Q q 0 0 0 rg BT 82.25 676.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 113.72 676.10 Td (income ) Tj ET Q q 0 0 0 rg BT 145.75 676.10 Td (\(computed ) Tj ET Q q 0 0 0 rg BT 191.11 676.10 Td (without ) Tj ET Q q 0 0 0 rg BT 224.26 676.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 252.39 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.76 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.58 676.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 319.60 676.10 Td (for ) Tj ET Q q 0 0 0 rg BT 333.86 676.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 375.34 676.10 Td (paid\), ) Tj ET Q q 0 0 0 rg BT 400.98 676.10 Td (its ) Tj ET Q q 0 0 0 rg BT 413.03 676.10 Td (net ) Tj ET Q q 0 0 0 rg BT 427.84 676.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 475.41 676.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 509.94 676.10 Td (if ) Tj ET Q q 0 0 0 rg BT 518.65 676.10 Td (any) Tj ET Q q 0 0 0 rg BT 532.44 676.10 Td (, ) Tj ET Q q 0 0 0 rg BT 537.53 676.10 Td (and ) Tj ET Q q 0 0 0 rg BT 554.56 676.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 664.10 Td (net ) Tj ET Q q 0 0 0 rg BT 57.55 664.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 86.53 664.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 106.07 664.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 123.95 664.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 170.14 664.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 211.90 664.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 240.88 664.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 264.32 664.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.43 664.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 302.85 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.51 664.10 Td (net ) Tj ET Q q 0 0 0 rg BT 328.06 664.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 374.25 664.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 418.23 664.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 447.21 664.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 475.93 664.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 503.26 664.10 Td (into ) Tj ET Q q 0 0 0 rg BT 521.14 664.10 Td (account ) Tj ET Q q 0 0 0 rg BT 554.57 664.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 652.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 72.46 652.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 90.83 652.10 Td (carryforwards\). ) Tj ET Q q 0 0 0 rg BT 155.35 652.10 Td (The ) Tj ET Q q 0 0 0 rg BT 173.71 652.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 222.63 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.77 652.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 280.46 652.10 Td (company ) Tj ET Q q 0 0 0 rg BT 319.93 652.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 351.61 652.10 Td (income ) Tj ET Q q 0 0 0 rg BT 383.85 652.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 398.32 652.10 Td (so ) Tj ET Q q 0 0 0 rg BT 410.02 652.10 Td (computed\) ) Tj ET Q q 0 0 0 rg BT 455.60 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.85 652.10 Td (net ) Tj ET Q q 0 0 0 rg BT 487.87 652.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 522.32 652.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 551.78 652.10 Td (gain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 640.10 Td (will ) Tj ET Q q 0 0 0 rg BT 61.34 640.10 Td (be ) Tj ET Q q 0 0 0 rg BT 73.55 640.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 105.21 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.76 640.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 139.11 640.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 192.42 640.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 235.74 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.85 640.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 281.84 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.83 640.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 346.26 640.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 381.79 640.10 Td (these ) Tj ET Q q 0 0 0 rg BT 405.12 640.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 457.90 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.46 640.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 489.01 640.10 Td (or ) Tj ET Q q 0 0 0 rg BT 500.12 640.10 Td (reinvests ) Tj ET Q q 0 0 0 rg BT 538.45 640.10 Td (them ) Tj ET Q q 0 0 0 rg BT 561.22 640.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 628.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 85.49 628.10 Td (Shares. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 610.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.15 610.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 84.31 610.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 98.57 610.10 Td (your ) Tj ET Q q 0 0 0 rg BT 119.50 610.10 Td (broker\) ) Tj ET Q q 0 0 0 rg BT 151.52 610.10 Td (will ) Tj ET Q q 0 0 0 rg BT 169.68 610.10 Td (report ) Tj ET Q q 0 0 0 rg BT 196.15 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.53 610.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 259.67 610.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 296.70 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.52 610.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 348.00 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.93 610.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 400.42 610.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 420.23 610.10 Td (from ) Tj ET Q q 0 0 0 rg BT 442.27 610.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 478.75 610.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 513.28 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.10 610.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 560.69 610.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 598.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 95.81 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.96 598.10 Td (net ) Tj ET Q q 0 0 0 rg BT 121.98 598.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 151.44 598.10 Td (gain, ) Tj ET Q q 0 0 0 rg BT 173.97 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.00 598.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 220.69 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.83 598.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 273.53 598.10 Td (which ) Tj ET Q q 0 0 0 rg BT 300.78 598.10 Td (may ) Tj ET Q q 0 0 0 rg BT 320.81 598.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 351.94 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.41 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.44 598.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 423.13 598.10 Td (received ) Tj ET Q q 0 0 0 rg BT 459.81 598.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 502.05 598.10 Td (for ) Tj ET Q q 0 0 0 rg BT 516.52 598.10 Td (corporations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 61.28 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.34 586.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 110.07 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.25 586.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 164.98 586.10 Td (which ) Tj ET Q q 0 0 0 rg BT 193.26 586.10 Td (may ) Tj ET Q q 0 0 0 rg BT 214.32 586.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 246.49 586.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.00 586.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 303.60 586.10 Td (as ) Tj ET Q q 0 0 0 rg BT 315.77 586.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 355.16 586.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 394.00 586.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 429.78 586.10 Td (which ) Tj ET Q q 0 0 0 rg BT 458.06 586.10 Td (is ) Tj ET Q q 0 0 0 rg BT 468.58 586.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 501.29 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.91 586.10 Td (non-corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 574.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 95.91 574.10 Td (at ) Tj ET Q q 0 0 0 rg BT 105.49 574.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 126.74 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.44 574.10 Td (up ) Tj ET Q q 0 0 0 rg BT 149.81 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.96 574.10 Td (20%. ) Tj ET Q q 0 0 0 rg BT 183.16 574.10 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 237.75 574.10 Td (from ) Tj ET Q q 0 0 0 rg BT 259.56 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.15 574.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 297.49 574.10 Td (s ) Tj ET Q q 0 0 0 rg BT 303.75 574.10 Td (net ) Tj ET Q q 0 0 0 rg BT 318.33 574.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 347.35 574.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 366.94 574.10 Td (will ) Tj ET Q q 0 0 0 rg BT 384.87 574.10 Td (be ) Tj ET Q q 0 0 0 rg BT 396.68 574.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 427.92 574.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.07 574.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 490.97 574.10 Td (at ) Tj ET Q q 0 0 0 rg BT 500.56 574.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 542.36 574.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 562.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 66.61 562.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 90.49 562.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 133.52 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.35 562.10 Td (how ) Tj ET Q q 0 0 0 rg BT 164.07 562.10 Td (long ) Tj ET Q q 0 0 0 rg BT 184.35 562.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 237.39 562.10 Td (have ) Tj ET Q q 0 0 0 rg BT 258.77 562.10 Td (held ) Tj ET Q q 0 0 0 rg BT 278.48 562.10 Td (their ) Tj ET Q q 0 0 0 rg BT 299.31 562.10 Td (Shares. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 544.10 Td (Qualified ) Tj ET Q q 0 0 0 rg BT 83.32 544.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 120.86 544.10 Td (income ) Tj ET Q q 0 0 0 rg BT 152.85 544.10 Td (includes, ) Tj ET Q q 0 0 0 rg BT 191.23 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.56 544.10 Td (general ) Tj ET Q q 0 0 0 rg BT 233.54 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.53 544.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 281.41 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.74 544.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 321.49 544.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 354.60 544.10 Td (period ) Tj ET Q q 0 0 0 rg BT 382.70 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.69 544.10 Td (other ) Tj ET Q q 0 0 0 rg BT 422.79 544.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 480.05 544.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 517.59 544.10 Td (income ) Tj ET Q q 0 0 0 rg BT 549.58 544.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 532.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 74.69 532.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 113.62 532.10 Td (corporations ) Tj ET Q q 0 0 0 rg BT 166.42 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.68 532.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 213.71 532.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 245.41 532.10 Td (corporations. ) Tj ET Q q 0 0 0 rg BT 300.71 532.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 333.53 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.13 532.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 374.15 532.10 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 422.25 532.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 455.06 532.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 486.76 532.10 Td (corporations ) Tj ET Q q 0 0 0 rg BT 539.57 532.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 520.10 Td (those ) Tj ET Q q 0 0 0 rg BT 66.77 520.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 119.97 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.41 520.10 Td (possessions ) Tj ET Q q 0 0 0 rg BT 179.75 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.75 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.63 520.10 Td (United ) Tj ET Q q 0 0 0 rg BT 235.51 520.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 264.56 520.10 Td (those ) Tj ET Q q 0 0 0 rg BT 288.34 520.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 341.54 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 351.98 520.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 381.85 520.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 421.17 520.10 Td (with ) Tj ET Q q 0 0 0 rg BT 441.61 520.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 504.81 520.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 519.69 520.10 Td (treaties ) Tj ET Q q 0 0 0 rg BT 551.23 520.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 58.03 508.10 Td (United ) Tj ET Q q 0 0 0 rg BT 88.07 508.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 117.27 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.53 508.10 Td (other ) Tj ET Q q 0 0 0 rg BT 157.89 508.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 189.59 508.10 Td (corporations ) Tj ET Q q 0 0 0 rg BT 242.39 508.10 Td (if ) Tj ET Q q 0 0 0 rg BT 251.32 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.35 508.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 290.28 508.10 Td (with ) Tj ET Q q 0 0 0 rg BT 310.87 508.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 342.00 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.60 508.10 Td (which ) Tj ET Q q 0 0 0 rg BT 379.86 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.89 508.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 436.59 508.10 Td (are ) Tj ET Q q 0 0 0 rg BT 451.62 508.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 471.65 508.10 Td (is ) Tj ET Q q 0 0 0 rg BT 481.14 508.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 511.72 508.10 Td (tradable ) Tj ET Q q 0 0 0 rg BT 546.74 508.10 Td (on ) Tj ET Q q 0 0 0 rg BT 559.56 508.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 496.10 Td (established ) Tj ET Q q 0 0 0 rg BT 90.15 496.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 130.63 496.10 Td (market ) Tj ET Q q 0 0 0 rg BT 161.10 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.59 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.53 496.10 Td (United ) Tj ET Q q 0 0 0 rg BT 216.46 496.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 245.56 496.10 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 289.38 496.10 Td (received ) Tj ET Q q 0 0 0 rg BT 325.96 496.10 Td (by ) Tj ET Q q 0 0 0 rg BT 338.67 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.60 496.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 376.88 496.10 Td (from ) Tj ET Q q 0 0 0 rg BT 399.03 496.10 Td (an ) Tj ET Q q 0 0 0 rg BT 411.18 496.10 Td (ETF ) Tj ET Q q 0 0 0 rg BT 431.67 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 442.72 496.10 Td (an ) Tj ET Q q 0 0 0 rg BT 454.87 496.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 500.91 496.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 521.95 496.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 553.54 496.10 Td (as ) Tj ET Q q 0 0 0 rg BT 564.58 496.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 484.10 Td (RIC ) Tj ET Q q 0 0 0 rg BT 61.97 484.10 Td (or ) Tj ET Q q 0 0 0 rg BT 72.60 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 79.35 484.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 101.38 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.68 484.10 Td (may ) Tj ET Q q 0 0 0 rg BT 123.20 484.10 Td (be ) Tj ET Q q 0 0 0 rg BT 134.94 484.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 164.45 484.10 Td (as ) Tj ET Q q 0 0 0 rg BT 175.08 484.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 212.92 484.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 250.22 484.10 Td (income ) Tj ET Q q 0 0 0 rg BT 281.96 484.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 321.46 484.10 Td (only ) Tj ET Q q 0 0 0 rg BT 341.54 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.62 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.14 484.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 392.88 484.10 Td (so ) Tj ET Q q 0 0 0 rg BT 404.07 484.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 439.69 484.10 Td (by ) Tj ET Q q 0 0 0 rg BT 451.99 484.10 Td (such ) Tj ET Q q 0 0 0 rg BT 472.62 484.10 Td (ETF) Tj ET Q q 0 0 0 rg BT 489.60 484.10 Td (, ) Tj ET Q q 0 0 0 rg BT 494.40 484.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 540.03 484.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 560.66 484.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 472.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 64.47 472.10 Td (. ) Tj ET Q q 0 0 0 rg BT 69.25 472.10 Td (If ) Tj ET Q q 0 0 0 rg BT 78.18 472.10 Td (95% ) Tj ET Q q 0 0 0 rg BT 98.78 472.10 Td (or ) Tj ET Q q 0 0 0 rg BT 109.38 472.10 Td (more ) Tj ET Q q 0 0 0 rg BT 132.19 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.79 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.28 472.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 180.62 472.10 Td (s ) Tj ET Q q 0 0 0 rg BT 186.78 472.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 210.17 472.10 Td (income ) Tj ET Q q 0 0 0 rg BT 241.87 472.10 Td (\(calculated ) Tj ET Q q 0 0 0 rg BT 288.00 472.10 Td (without ) Tj ET Q q 0 0 0 rg BT 320.83 472.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 348.09 472.10 Td (into ) Tj ET Q q 0 0 0 rg BT 365.92 472.10 Td (account ) Tj ET Q q 0 0 0 rg BT 399.28 472.10 Td (net ) Tj ET Q q 0 0 0 rg BT 413.77 472.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 442.69 472.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 462.18 472.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 494.44 472.10 Td (from ) Tj ET Q q 0 0 0 rg BT 516.14 472.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 537.85 472.10 Td (or ) Tj ET Q q 0 0 0 rg BT 548.45 472.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 460.10 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 93.87 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.29 460.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 129.48 460.10 Td (or ) Tj ET Q q 0 0 0 rg BT 140.89 460.10 Td (securities\) ) Tj ET Q q 0 0 0 rg BT 185.07 460.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 219.82 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.23 460.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 269.86 460.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 307.94 460.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 342.96 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.26 460.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 381.90 460.10 Td (may ) Tj ET Q q 0 0 0 rg BT 402.20 460.10 Td (report ) Tj ET Q q 0 0 0 rg BT 429.16 460.10 Td (all ) Tj ET Q q 0 0 0 rg BT 442.24 460.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 495.33 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.74 460.10 Td (such ) Tj ET Q q 0 0 0 rg BT 528.16 460.10 Td (income ) Tj ET Q q 0 0 0 rg BT 560.67 460.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 448.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 81.04 448.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 118.54 448.10 Td (income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 430.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 65.60 430.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 106.52 430.10 Td (will ) Tj ET Q q 0 0 0 rg BT 124.12 430.10 Td (not ) Tj ET Q q 0 0 0 rg BT 138.93 430.10 Td (be ) Tj ET Q q 0 0 0 rg BT 150.41 430.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 179.65 430.10 Td (as ) Tj ET Q q 0 0 0 rg BT 190.02 430.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 227.60 430.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 264.63 430.10 Td (income ) Tj ET Q q 0 0 0 rg BT 296.10 430.10 Td (if ) Tj ET Q q 0 0 0 rg BT 304.25 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.50 430.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 341.10 430.10 Td (does ) Tj ET Q q 0 0 0 rg BT 361.47 430.10 Td (not ) Tj ET Q q 0 0 0 rg BT 376.28 430.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 397.75 430.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 430.35 430.10 Td (period ) Tj ET Q q 0 0 0 rg BT 457.93 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.41 430.10 Td (other ) Tj ET Q q 0 0 0 rg BT 496.99 430.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 551.23 430.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 418.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 73.05 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.57 418.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 119.30 418.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 148.25 418.10 Td (stocks ) Tj ET Q q 0 0 0 rg BT 174.99 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.51 418.10 Td (its ) Tj ET Q q 0 0 0 rg BT 195.69 418.10 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 234.93 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.10 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.06 418.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 313.44 418.10 Td (does ) Tj ET Q q 0 0 0 rg BT 333.51 418.10 Td (not ) Tj ET Q q 0 0 0 rg BT 348.02 418.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 369.19 418.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 401.49 418.10 Td (period ) Tj ET Q q 0 0 0 rg BT 428.77 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.95 418.10 Td (other ) Tj ET Q q 0 0 0 rg BT 467.23 418.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 521.17 418.10 Td (with ) Tj ET Q q 0 0 0 rg BT 540.69 418.10 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 52.70 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 66.84 406.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 95.42 406.10 Td (on ) Tj ET Q q 0 0 0 rg BT 107.34 406.10 Td (which ) Tj ET Q q 0 0 0 rg BT 133.70 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.83 406.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 188.64 406.10 Td (were ) Tj ET Q q 0 0 0 rg BT 209.99 406.10 Td (paid. ) Tj ET Q q 0 0 0 rg BT 231.63 406.10 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 285.77 406.10 Td (by ) Tj ET Q q 0 0 0 rg BT 297.69 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.83 406.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 334.31 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.56 406.10 Td (its ) Tj ET Q q 0 0 0 rg BT 355.93 406.10 Td (net ) Tj ET Q q 0 0 0 rg BT 370.07 406.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 413.65 406.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 442.22 406.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 465.24 406.10 Td (will ) Tj ET Q q 0 0 0 rg BT 482.72 406.10 Td (be ) Tj ET Q q 0 0 0 rg BT 494.08 406.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 524.87 406.10 Td (as ) Tj ET Q q 0 0 0 rg BT 535.12 406.10 Td (ordinary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 394.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 77.57 394.10 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 132.43 394.10 Td (from ) Tj ET Q q 0 0 0 rg BT 154.50 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.35 394.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 192.69 394.10 Td (s ) Tj ET Q q 0 0 0 rg BT 199.21 394.10 Td (net ) Tj ET Q q 0 0 0 rg BT 214.06 394.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 243.35 394.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 263.20 394.10 Td (will ) Tj ET Q q 0 0 0 rg BT 281.39 394.10 Td (be ) Tj ET Q q 0 0 0 rg BT 293.46 394.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 324.96 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.38 394.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 388.55 394.10 Td (at ) Tj ET Q q 0 0 0 rg BT 398.40 394.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 440.46 394.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 469.75 394.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 493.49 394.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 517.50 394.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 560.67 394.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 382.10 Td (how ) Tj ET Q q 0 0 0 rg BT 62.72 382.10 Td (long ) Tj ET Q q 0 0 0 rg BT 83.00 382.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 136.04 382.10 Td (have ) Tj ET Q q 0 0 0 rg BT 157.41 382.10 Td (held ) Tj ET Q q 0 0 0 rg BT 177.13 382.10 Td (their ) Tj ET Q q 0 0 0 rg BT 197.96 382.10 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 229.62 382.10 Td (Distributions ) Tj ET Q q 0 0 0 rg BT 284.34 382.10 Td (may ) Tj ET Q q 0 0 0 rg BT 304.06 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 316.00 382.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 346.82 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 357.10 382.10 Td (state ) Tj ET Q q 0 0 0 rg BT 377.93 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.87 382.10 Td (local ) Tj ET Q q 0 0 0 rg BT 416.80 382.10 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 364.10 Td (In ) Tj ET Q q 0 0 0 rg BT 53.92 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 68.73 364.10 Td (case ) Tj ET Q q 0 0 0 rg BT 88.53 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.45 364.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 139.80 364.10 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 195.43 364.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 225.22 364.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 266.70 364.10 Td (received ) Tj ET Q q 0 0 0 rg BT 303.15 364.10 Td (by ) Tj ET Q q 0 0 0 rg BT 315.74 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.55 364.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 353.71 364.10 Td (from ) Tj ET Q q 0 0 0 rg BT 375.74 364.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 396.11 364.10 Td (corporations ) Tj ET Q q 0 0 0 rg BT 448.69 364.10 Td (\(generally) Tj ET Q q 0 0 0 rg BT 488.57 364.10 Td (, ) Tj ET Q q 0 0 0 rg BT 493.66 364.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 535.14 364.10 Td (received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 352.10 Td (by ) Tj ET Q q 0 0 0 rg BT 55.61 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 70.43 352.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 93.60 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 103.99 352.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 134.91 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.85 352.10 Td (any ) Tj ET Q q 0 0 0 rg BT 162.89 352.10 Td (share ) Tj ET Q q 0 0 0 rg BT 186.60 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.54 352.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 221.25 352.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 235.52 352.10 Td (with ) Tj ET Q q 0 0 0 rg BT 255.91 352.10 Td (a ) Tj ET Q q 0 0 0 rg BT 262.95 352.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 277.78 352.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 310.94 352.10 Td (period ) Tj ET Q q 0 0 0 rg BT 339.09 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.03 352.10 Td (at ) Tj ET Q q 0 0 0 rg BT 359.86 352.10 Td (least ) Tj ET Q q 0 0 0 rg BT 380.79 352.10 Td (46 ) Tj ET Q q 0 0 0 rg BT 393.40 352.10 Td (days ) Tj ET Q q 0 0 0 rg BT 414.33 352.10 Td (during ) Tj ET Q q 0 0 0 rg BT 443.05 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.87 352.10 Td (91-day ) Tj ET Q q 0 0 0 rg BT 488.25 352.10 Td (period ) Tj ET Q q 0 0 0 rg BT 516.40 352.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 559.01 352.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 56.95 340.10 Td (date ) Tj ET Q q 0 0 0 rg BT 75.34 340.10 Td (that ) Tj ET Q q 0 0 0 rg BT 92.07 340.10 Td (is ) Tj ET Q q 0 0 0 rg BT 100.47 340.10 Td (45 ) Tj ET Q q 0 0 0 rg BT 112.20 340.10 Td (days ) Tj ET Q q 0 0 0 rg BT 132.27 340.10 Td (before ) Tj ET Q q 0 0 0 rg BT 159.54 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.49 340.10 Td (date ) Tj ET Q q 0 0 0 rg BT 191.88 340.10 Td (on ) Tj ET Q q 0 0 0 rg BT 203.61 340.10 Td (which ) Tj ET Q q 0 0 0 rg BT 229.78 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.73 340.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 266.57 340.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 303.29 340.10 Td (ex-dividend ) Tj ET Q q 0 0 0 rg BT 352.79 340.10 Td (as ) Tj ET Q q 0 0 0 rg BT 362.85 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 372.37 340.10 Td (that ) Tj ET Q q 0 0 0 rg BT 389.09 340.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 425.82 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.99 340.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 455.39 340.10 Td (that ) Tj ET Q q 0 0 0 rg BT 472.12 340.10 Td (is ) Tj ET Q q 0 0 0 rg BT 480.52 340.10 Td (held ) Tj ET Q q 0 0 0 rg BT 499.47 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.98 340.10 Td (an ) Tj ET Q q 0 0 0 rg BT 520.15 340.10 Td (unleveraged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 328.10 Td (position\) ) Tj ET Q q 0 0 0 rg BT 80.46 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.80 328.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 141.47 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.81 328.10 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 213.02 328.10 Td (so ) Tj ET Q q 0 0 0 rg BT 223.81 328.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 259.03 328.10 Td (by ) Tj ET Q q 0 0 0 rg BT 270.93 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.05 328.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 307.51 328.10 Td (may ) Tj ET Q q 0 0 0 rg BT 326.63 328.10 Td (be ) Tj ET Q q 0 0 0 rg BT 337.97 328.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 369.86 328.10 Td (for ) Tj ET Q q 0 0 0 rg BT 383.42 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.54 328.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 417.77 328.10 Td (dividends-received ) Tj ET Q q 0 0 0 rg BT 495.75 328.10 Td (deduction. ) Tj ET Q q 0 0 0 rg BT 539.58 328.10 Td (Certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 316.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 81.98 316.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 105.42 316.10 Td (must ) Tj ET Q q 0 0 0 rg BT 127.21 316.10 Td (have ) Tj ET Q q 0 0 0 rg BT 148.43 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.21 316.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 188.11 316.10 Td (period ) Tj ET Q q 0 0 0 rg BT 215.99 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.66 316.10 Td (at ) Tj ET Q q 0 0 0 rg BT 236.22 316.10 Td (least ) Tj ET Q q 0 0 0 rg BT 256.89 316.10 Td (91 ) Tj ET Q q 0 0 0 rg BT 269.23 316.10 Td (days ) Tj ET Q q 0 0 0 rg BT 289.90 316.10 Td (during ) Tj ET Q q 0 0 0 rg BT 318.35 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.90 316.10 Td (181-day ) Tj ET Q q 0 0 0 rg BT 368.01 316.10 Td (period ) Tj ET Q q 0 0 0 rg BT 395.90 316.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 438.23 316.10 Td (on ) Tj ET Q q 0 0 0 rg BT 450.58 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.13 316.10 Td (date ) Tj ET Q q 0 0 0 rg BT 484.13 316.10 Td (that ) Tj ET Q q 0 0 0 rg BT 501.46 316.10 Td (is ) Tj ET Q q 0 0 0 rg BT 510.47 316.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 522.81 316.10 Td (days ) Tj ET Q q 0 0 0 rg BT 543.48 316.10 Td (before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.68 304.10 Td (date ) Tj ET Q q 0 0 0 rg BT 76.80 304.10 Td (on ) Tj ET Q q 0 0 0 rg BT 89.26 304.10 Td (which ) Tj ET Q q 0 0 0 rg BT 116.16 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.84 304.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 154.42 304.10 Td (becomes ) Tj ET Q q 0 0 0 rg BT 191.86 304.10 Td (ex-dividend ) Tj ET Q q 0 0 0 rg BT 242.09 304.10 Td (as ) Tj ET Q q 0 0 0 rg BT 252.89 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.13 304.10 Td (that ) Tj ET Q q 0 0 0 rg BT 280.59 304.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 318.04 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 328.29 304.10 Td (order ) Tj ET Q q 0 0 0 rg BT 351.85 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.09 304.10 Td (be ) Tj ET Q q 0 0 0 rg BT 373.99 304.10 Td (eligible. ) Tj ET Q q 0 0 0 rg BT 408.94 304.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 440.29 304.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 459.97 304.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 501.32 304.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 546.56 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 556.80 304.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 292.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 65.40 292.10 Td (from ) Tj ET Q q 0 0 0 rg BT 86.67 292.10 Td (REITS ) Tj ET Q q 0 0 0 rg BT 116.29 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.56 292.10 Td (other ) Tj ET Q q 0 0 0 rg BT 154.94 292.10 Td (RICs ) Tj ET Q q 0 0 0 rg BT 177.34 292.10 Td (are ) Tj ET Q q 0 0 0 rg BT 191.38 292.10 Td (not ) Tj ET Q q 0 0 0 rg BT 206.00 292.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 237.82 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 251.32 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.37 292.10 Td (dividends-received ) Tj ET Q q 0 0 0 rg BT 343.29 292.10 Td (deduction. ) Tj ET Q q 0 0 0 rg BT 387.06 292.10 Td (In ) Tj ET Q q 0 0 0 rg BT 397.22 292.10 Td (order ) Tj ET Q q 0 0 0 rg BT 420.16 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.77 292.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 459.93 292.10 Td (for ) Tj ET Q q 0 0 0 rg BT 473.43 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.48 292.10 Td (deduction, ) Tj ET Q q 0 0 0 rg BT 531.25 292.10 Td (corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 280.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 96.12 280.10 Td (must ) Tj ET Q q 0 0 0 rg BT 118.14 280.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 140.16 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.95 280.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 196.43 280.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 229.56 280.10 Td (period ) Tj ET Q q 0 0 0 rg BT 257.69 280.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 308.58 280.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 334.48 280.10 Td (above ) Tj ET Q q 0 0 0 rg BT 360.94 280.10 Td (with ) Tj ET Q q 0 0 0 rg BT 381.30 280.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 412.19 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.55 280.10 Td (their ) Tj ET Q q 0 0 0 rg BT 443.46 280.10 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 475.19 280.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 502.77 280.10 Td (into ) Tj ET Q q 0 0 0 rg BT 520.91 280.10 Td (account ) Tj ET Q q 0 0 0 rg BT 554.58 280.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 268.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 76.00 268.10 Td (period ) Tj ET Q q 0 0 0 rg BT 103.99 268.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 148.09 268.10 Td (from ) Tj ET Q q 0 0 0 rg BT 169.97 268.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 199.62 268.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 234.28 268.10 Td (or ) Tj ET Q q 0 0 0 rg BT 245.05 268.10 Td (other ) Tj ET Q q 0 0 0 rg BT 268.04 268.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 318.25 268.10 Td (or ) Tj ET Q q 0 0 0 rg BT 329.03 268.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 367.59 268.10 Td (that ) Tj ET Q q 0 0 0 rg BT 385.03 268.10 Td (diminish ) Tj ET Q q 0 0 0 rg BT 422.48 268.10 Td (their ) Tj ET Q q 0 0 0 rg BT 443.24 268.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 460.69 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.46 268.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 489.47 268.10 Td (with ) Tj ET Q q 0 0 0 rg BT 509.69 268.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 540.45 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.67 268.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 256.10 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 74.73 256.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 94.23 256.10 Td (if ) Tj ET Q q 0 0 0 rg BT 102.90 256.10 Td (they ) Tj ET Q q 0 0 0 rg BT 122.68 256.10 Td (borrow ) Tj ET Q q 0 0 0 rg BT 154.13 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.47 256.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 196.46 256.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.36 256.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 248.80 256.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 271.91 256.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 291.69 256.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 339.79 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.14 256.10 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 381.86 256.10 Td (they ) Tj ET Q q 0 0 0 rg BT 401.65 256.10 Td (may ) Tj ET Q q 0 0 0 rg BT 421.43 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 433.43 256.10 Td (denied ) Tj ET Q q 0 0 0 rg BT 462.65 256.10 Td (a ) Tj ET Q q 0 0 0 rg BT 469.65 256.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 501.11 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.00 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.78 256.10 Td (dividends-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 244.10 Td (received ) Tj ET Q q 0 0 0 rg BT 79.36 244.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 121.30 244.10 Td (with ) Tj ET Q q 0 0 0 rg BT 141.57 244.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 172.39 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.67 244.10 Td (those ) Tj ET Q q 0 0 0 rg BT 206.28 244.10 Td (Shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 226.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 83.35 226.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 124.80 226.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 164.57 226.10 Td (will ) Tj ET Q q 0 0 0 rg BT 182.69 226.10 Td (be ) Tj ET Q q 0 0 0 rg BT 194.70 226.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 224.47 226.10 Td (as ) Tj ET Q q 0 0 0 rg BT 235.37 226.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 280.71 226.10 Td (when ) Tj ET Q q 0 0 0 rg BT 304.93 226.10 Td (paid, ) Tj ET Q q 0 0 0 rg BT 327.22 226.10 Td (any ) Tj ET Q q 0 0 0 rg BT 344.22 226.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 381.79 226.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 418.22 226.10 Td (by ) Tj ET Q q 0 0 0 rg BT 430.78 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.57 226.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 468.70 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.04 226.10 Td (October) Tj ET Q q 0 0 0 rg BT 510.85 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 515.92 226.10 Td (November ) Tj ET Q q 0 0 0 rg BT 560.69 226.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.10 Td (December ) Tj ET Q q 0 0 0 rg BT 86.92 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.18 214.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 138.11 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.72 214.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 202.09 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.25 214.10 Td (record ) Tj ET Q q 0 0 0 rg BT 241.62 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.23 214.10 Td (such ) Tj ET Q q 0 0 0 rg BT 273.39 214.10 Td (a ) Tj ET Q q 0 0 0 rg BT 280.66 214.10 Td (month ) Tj ET Q q 0 0 0 rg BT 309.04 214.10 Td (that ) Tj ET Q q 0 0 0 rg BT 326.87 214.10 Td (is ) Tj ET Q q 0 0 0 rg BT 336.37 214.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 356.42 214.10 Td (during ) Tj ET Q q 0 0 0 rg BT 385.36 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.41 214.10 Td (following ) Tj ET Q q 0 0 0 rg BT 442.12 214.10 Td (January ) Tj ET Q q 0 0 0 rg BT 476.05 214.10 Td (will ) Tj ET Q q 0 0 0 rg BT 494.44 214.10 Td (be ) Tj ET Q q 0 0 0 rg BT 506.71 214.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 536.74 214.10 Td (for ) Tj ET Q q 0 0 0 rg BT 551.24 214.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 73.25 202.10 Td (income ) Tj ET Q q 0 0 0 rg BT 105.19 202.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 119.90 202.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 157.96 202.10 Td (as ) Tj ET Q q 0 0 0 rg BT 168.79 202.10 Td (received ) Tj ET Q q 0 0 0 rg BT 205.15 202.10 Td (by ) Tj ET Q q 0 0 0 rg BT 217.65 202.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 270.69 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 283.19 202.10 Td (December ) Tj ET Q q 0 0 0 rg BT 326.77 202.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 339.27 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.10 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.82 202.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 401.18 202.10 Td (year ) Tj ET Q q 0 0 0 rg BT 420.89 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.16 202.10 Td (which ) Tj ET Q q 0 0 0 rg BT 458.10 202.10 Td (it ) Tj ET Q q 0 0 0 rg BT 466.16 202.10 Td (was ) Tj ET Q q 0 0 0 rg BT 484.21 202.10 Td (declared.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 184.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 62.50 184.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 108.67 184.10 Td (with ) Tj ET Q q 0 0 0 rg BT 128.17 184.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 163.21 184.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 186.04 184.10 Td (income ) Tj ET Q q 0 0 0 rg BT 217.20 184.10 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 250.57 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.07 184.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 288.99 184.10 Td (adjustments\) ) Tj ET Q q 0 0 0 rg BT 341.82 184.10 Td (exceeding ) Tj ET Q q 0 0 0 rg BT 384.07 184.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 412.99 184.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 451.93 184.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 487.54 184.10 Td (\($250,000 ) Tj ET Q q 0 0 0 rg BT 530.09 184.10 Td (if ) Tj ET Q q 0 0 0 rg BT 537.92 184.10 Td (married ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 172.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 66.37 172.10 Td (jointly ) Tj ET Q q 0 0 0 rg BT 94.18 172.10 Td (or ) Tj ET Q q 0 0 0 rg BT 104.22 172.10 Td (if ) Tj ET Q q 0 0 0 rg BT 112.03 172.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 157.05 172.10 Td (a ) Tj ET Q q 0 0 0 rg BT 163.19 172.10 Td (surviving ) Tj ET Q q 0 0 0 rg BT 207.11 172.10 Td (spouse ) Tj ET Q q 0 0 0 rg BT 240.47 172.10 Td (for ) Tj ET Q q 0 0 0 rg BT 253.84 172.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 283.29 172.10 Td (income ) Tj ET Q q 0 0 0 rg BT 314.43 172.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 328.35 172.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 368.10 172.10 Td ($125,000 ) Tj ET Q q 0 0 0 rg BT 407.31 172.10 Td (if ) Tj ET Q q 0 0 0 rg BT 415.12 172.10 Td (married ) Tj ET Q q 0 0 0 rg BT 447.92 172.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 471.28 172.10 Td (separately) Tj ET Q q 0 0 0 rg BT 511.17 172.10 Td (, ) Tj ET Q q 0 0 0 rg BT 515.37 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.51 172.10 Td ($200,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 53.41 160.10 Td (other ) Tj ET Q q 0 0 0 rg BT 76.58 160.10 Td (cases\) ) Tj ET Q q 0 0 0 rg BT 103.64 160.10 Td (are ) Tj ET Q q 0 0 0 rg BT 118.48 160.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 149.43 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.84 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.91 160.10 Td (3.8% ) Tj ET Q q 0 0 0 rg BT 190.37 160.10 Td (Medicare ) Tj ET Q q 0 0 0 rg BT 230.75 160.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 282.26 160.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 297.11 160.10 Td (on ) Tj ET Q q 0 0 0 rg BT 309.74 160.10 Td (all ) Tj ET Q q 0 0 0 rg BT 322.36 160.10 Td (or ) Tj ET Q q 0 0 0 rg BT 333.32 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 340.39 160.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 371.91 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.87 160.10 Td (their ) Tj ET Q q 0 0 0 rg BT 403.82 160.10 Td (net ) Tj ET Q q 0 0 0 rg BT 423.10 160.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 469.62 160.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 508.62 160.10 Td (which ) Tj ET Q q 0 0 0 rg BT 535.69 160.10 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 148.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 74.59 148.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 109.24 148.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 153.34 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.50 148.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 200.41 148.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 229.78 148.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 253.61 148.10 Td (\(generally ) Tj ET Q q 0 0 0 rg BT 296.85 148.10 Td (including ) Tj ET Q q 0 0 0 rg BT 337.34 148.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 366.71 148.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 386.64 148.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 439.37 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.52 148.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 485.89 148.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 509.71 148.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 544.07 148.10 Td (on ) Tj ET Q q 0 0 0 rg BT 556.78 148.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 136.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 61.06 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 71.90 136.10 Td (Shares\). ) Tj ET Q q 0 0 0 rg BT 106.72 136.10 Td (This ) Tj ET Q q 0 0 0 rg BT 127.00 136.10 Td (3.8% ) Tj ET Q q 0 0 0 rg BT 150.34 136.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 165.07 136.10 Td (also ) Tj ET Q q 0 0 0 rg BT 183.69 136.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 214.52 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.81 136.10 Td (all ) Tj ET Q q 0 0 0 rg BT 237.32 136.10 Td (or ) Tj ET Q q 0 0 0 rg BT 248.16 136.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.10 136.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 286.50 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.34 136.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.07 136.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 367.35 136.10 Td (net ) Tj ET Q q 0 0 0 rg BT 382.08 136.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 428.47 136.10 Td (income ) Tj ET Q q 0 0 0 rg BT 460.41 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.25 136.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 500.96 136.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 554.01 136.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 124.10 Td (are ) Tj ET Q q 0 0 0 rg BT 57.71 124.10 Td (estates ) Tj ET Q q 0 0 0 rg BT 86.86 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.80 124.10 Td (trusts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 106.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 97.44 106.10 Td (who ) Tj ET Q q 0 0 0 rg BT 116.90 106.10 Td (have ) Tj ET Q q 0 0 0 rg BT 138.01 106.10 Td (not ) Tj ET Q q 0 0 0 rg BT 153.03 106.10 Td (held ) Tj ET Q q 0 0 0 rg BT 172.48 106.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 201.38 106.10 Td (for ) Tj ET Q q 0 0 0 rg BT 215.28 106.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.95 106.10 Td (full ) Tj ET Q q 0 0 0 rg BT 238.07 106.10 Td (year ) Tj ET Q q 0 0 0 rg BT 257.52 106.10 Td (should ) Tj ET Q q 0 0 0 rg BT 286.42 106.10 Td (be ) Tj ET Q q 0 0 0 rg BT 298.10 106.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 324.20 106.10 Td (that ) Tj ET Q q 0 0 0 rg BT 341.43 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.89 106.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 378.68 106.10 Td (may ) Tj ET Q q 0 0 0 rg BT 398.14 106.10 Td (report ) Tj ET Q q 0 0 0 rg BT 424.25 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.92 106.10 Td (distribute, ) Tj ET Q q 0 0 0 rg BT 483.43 106.10 Td (as ) Tj ET Q q 0 0 0 rg BT 494.00 106.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 530.11 106.10 Td (dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 94.10 Td (or ) Tj ET Q q 0 0 0 rg BT 53.48 94.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 82.29 94.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 101.66 94.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 145.20 94.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.79 94.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 197.24 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.73 94.10 Td (income ) Tj ET Q q 0 0 0 rg BT 239.31 94.10 Td (that ) Tj ET Q q 0 0 0 rg BT 256.46 94.10 Td (is ) Tj ET Q q 0 0 0 rg BT 265.29 94.10 Td (not ) Tj ET Q q 0 0 0 rg BT 280.22 94.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 304.03 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.96 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.33 94.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 373.78 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.26 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.63 94.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 421.97 94.10 Td (s ) Tj ET Q q 0 0 0 rg BT 428.02 94.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 464.05 94.10 Td (income ) Tj ET Q q 0 0 0 rg BT 495.64 94.10 Td (or ) Tj ET Q q 0 0 0 rg BT 506.12 94.10 Td (net ) Tj ET Q q 0 0 0 rg BT 520.49 94.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 549.29 94.10 Td (gain, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 82.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 90.66 82.10 Td (, ) Tj ET Q q 0 0 0 rg BT 95.86 82.10 Td (actually ) Tj ET Q q 0 0 0 rg BT 130.21 82.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 159.56 82.10 Td (during ) Tj ET Q q 0 0 0 rg BT 188.37 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.29 82.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 247.08 82.10 Td (shareholder) Tj ET Q q 0 0 0 rg BT 294.10 82.10 Td () Tj ET Q q 0 0 0 rg BT 296.88 82.10 Td (s ) Tj ET Q q 0 0 0 rg BT 303.47 82.10 Td (period ) Tj ET Q q 0 0 0 rg BT 331.72 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.75 82.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 389.33 82.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.81 82.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.73 82.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 439.90 82.10 Td (A) Tj ET Q q 0 0 0 rg BT 446.57 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 449.27 82.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 480.84 82.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 530.19 82.10 Td (may ) Tj ET Q q 0 0 0 rg BT 550.11 82.10 Td (wish ) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 53.21 742.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 77.86 742.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 116.96 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 127.17 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.81 742.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 164.81 742.10 Td (shortly ) Tj ET Q q 0 0 0 rg BT 195.02 742.10 Td (before ) Tj ET Q q 0 0 0 rg BT 222.99 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.86 742.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 267.28 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 278.04 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 301.02 742.10 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 352.07 742.10 Td (because ) Tj ET Q q 0 0 0 rg BT 386.14 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.79 742.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 449.34 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 467.33 742.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 506.96 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 518.83 742.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 550.13 742.10 Td (even ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (though ) Tj ET Q q 0 0 0 rg BT 73.28 730.10 Td (it ) Tj ET Q q 0 0 0 rg BT 81.33 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 101.05 730.10 Td (economically ) Tj ET Q q 0 0 0 rg BT 157.42 730.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 196.56 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.50 730.10 Td (return ) Tj ET Q q 0 0 0 rg BT 229.88 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.71 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 247.65 730.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 279.04 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.87 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.58 730.10 Td (shareholder) Tj ET Q q 0 0 0 rg BT 351.60 730.10 Td () Tj ET Q q 0 0 0 rg BT 354.38 730.10 Td (s ) Tj ET Q q 0 0 0 rg BT 360.77 730.10 Td (investment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 712.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.41 712.10 Td (o ) Tj ET Q q 0 0 0 rg BT 56.14 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 71.10 712.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 98.26 712.10 Td (that ) Tj ET Q q 0 0 0 rg BT 115.99 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.94 712.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 154.24 712.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 182.52 712.10 Td (a ) Tj ET Q q 0 0 0 rg BT 189.69 712.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 238.54 712.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.61 712.10 Td (income ) Tj ET Q q 0 0 0 rg BT 281.77 712.10 Td (received ) Tj ET Q q 0 0 0 rg BT 318.37 712.10 Td (by ) Tj ET Q q 0 0 0 rg BT 331.11 712.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.06 712.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 369.35 712.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.87 712.10 Td (lieu ) Tj ET Q q 0 0 0 rg BT 397.59 712.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.66 712.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 450.28 712.10 Td (\(a ) Tj ET Q q 0 0 0 rg BT 460.78 712.10 Td (substitute ) Tj ET Q q 0 0 0 rg BT 506.29 712.10 Td (payment\) ) Tj ET Q q 0 0 0 rg BT 551.23 712.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 700.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 74.05 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.56 700.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 125.06 700.10 Td (on ) Tj ET Q q 0 0 0 rg BT 137.79 700.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 157.74 700.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 194.91 700.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.42 700.10 Td (a ) Tj ET Q q 0 0 0 rg BT 212.60 700.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 253.09 700.10 Td (lending ) Tj ET Q q 0 0 0 rg BT 285.82 700.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 334.93 700.10 Td (such ) Tj ET Q q 0 0 0 rg BT 355.99 700.10 Td (income ) Tj ET Q q 0 0 0 rg BT 388.16 700.10 Td (will ) Tj ET Q q 0 0 0 rg BT 406.45 700.10 Td (not ) Tj ET Q q 0 0 0 rg BT 421.96 700.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 463.58 700.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 501.85 700.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 539.58 700.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 53.28 688.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 96.33 688.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 149.37 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.31 688.10 Td (will ) Tj ET Q q 0 0 0 rg BT 184.36 688.10 Td (not ) Tj ET Q q 0 0 0 rg BT 199.64 688.10 Td (be ) Tj ET Q q 0 0 0 rg BT 211.58 688.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 244.07 688.10 Td (for ) Tj ET Q q 0 0 0 rg BT 258.23 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.95 688.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 314.33 688.10 Td (received ) Tj ET Q q 0 0 0 rg BT 350.70 688.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 392.63 688.10 Td (for ) Tj ET Q q 0 0 0 rg BT 406.79 688.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 447.04 688.10 Td (shareholders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.10 Td (If ) Tj ET Q q 0 0 0 rg BT 53.44 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 69.43 670.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 92.77 670.10 Td (s ) Tj ET Q q 0 0 0 rg BT 100.44 670.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 154.22 670.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 185.75 670.10 Td (its ) Tj ET Q q 0 0 0 rg BT 198.97 670.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 236.62 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.84 670.10 Td (profits, ) Tj ET Q q 0 0 0 rg BT 287.22 670.10 Td (all ) Tj ET Q q 0 0 0 rg BT 300.99 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 313.10 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 321.31 670.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 353.98 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.08 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.07 670.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 435.86 670.10 Td (made ) Tj ET Q q 0 0 0 rg BT 461.29 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 476.72 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 484.94 670.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 517.58 670.10 Td (year ) Tj ET Q q 0 0 0 rg BT 538.57 670.10 Td (may ) Tj ET Q q 0 0 0 rg BT 559.56 670.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 658.10 Td (recharacterized ) Tj ET Q q 0 0 0 rg BT 107.06 658.10 Td (as ) Tj ET Q q 0 0 0 rg BT 118.41 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.85 658.10 Td (return ) Tj ET Q q 0 0 0 rg BT 152.74 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.08 658.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 193.74 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.53 658.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 259.91 658.10 Td (A) Tj ET Q q 0 0 0 rg BT 266.58 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 269.59 658.10 Td (return ) Tj ET Q q 0 0 0 rg BT 296.48 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.82 658.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 337.48 658.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 386.61 658.10 Td (will ) Tj ET Q q 0 0 0 rg BT 405.17 658.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 445.38 658.10 Td (not ) Tj ET Q q 0 0 0 rg BT 461.17 658.10 Td (be ) Tj ET Q q 0 0 0 rg BT 473.62 658.10 Td (taxable, ) Tj ET Q q 0 0 0 rg BT 508.00 658.10 Td (but ) Tj ET Q q 0 0 0 rg BT 523.79 658.10 Td (will ) Tj ET Q q 0 0 0 rg BT 542.36 658.10 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 646.10 Td (each ) Tj ET Q q 0 0 0 rg BT 63.26 646.10 Td (shareholder) Tj ET Q q 0 0 0 rg BT 110.27 646.10 Td () Tj ET Q q 0 0 0 rg BT 113.05 646.10 Td (s ) Tj ET Q q 0 0 0 rg BT 118.88 646.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 136.93 646.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 158.87 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.59 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.75 646.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 205.25 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.63 646.10 Td (result ) Tj ET Q q 0 0 0 rg BT 245.79 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.51 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.89 646.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 289.38 646.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 317.97 646.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 337.13 646.10 Td (or ) Tj ET Q q 0 0 0 rg BT 347.40 646.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 372.11 646.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 400.70 646.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 418.20 646.10 Td (when ) Tj ET Q q 0 0 0 rg BT 441.80 646.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 470.40 646.10 Td (on ) Tj ET Q q 0 0 0 rg BT 482.34 646.10 Td (which ) Tj ET Q q 0 0 0 rg BT 508.72 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.88 646.10 Td (distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 634.10 Td (was ) Tj ET Q q 0 0 0 rg BT 61.13 634.10 Td (received ) Tj ET Q q 0 0 0 rg BT 97.57 634.10 Td (are ) Tj ET Q q 0 0 0 rg BT 112.36 634.10 Td (sold. ) Tj ET Q q 0 0 0 rg BT 133.53 634.10 Td (After ) Tj ET Q q 0 0 0 rg BT 157.21 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 164.23 634.10 Td (shareholder) Tj ET Q q 0 0 0 rg BT 211.24 634.10 Td () Tj ET Q q 0 0 0 rg BT 214.02 634.10 Td (s ) Tj ET Q q 0 0 0 rg BT 220.49 634.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 243.07 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.43 634.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 282.67 634.10 Td (has ) Tj ET Q q 0 0 0 rg BT 298.57 634.10 Td (been ) Tj ET Q q 0 0 0 rg BT 320.03 634.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 354.25 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.61 634.10 Td (zero, ) Tj ET Q q 0 0 0 rg BT 386.89 634.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 439.48 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.83 634.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 478.51 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.42 634.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 525.87 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 542.89 634.10 Td (profits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 622.10 Td (will ) Tj ET Q q 0 0 0 rg BT 61.06 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 73.00 622.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 102.70 622.10 Td (as ) Tj ET Q q 0 0 0 rg BT 113.53 622.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 133.24 622.10 Td (from ) Tj ET Q q 0 0 0 rg BT 155.18 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.90 622.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 187.95 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.78 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.49 622.10 Td (shareholder) Tj ET Q q 0 0 0 rg BT 260.51 622.10 Td () Tj ET Q q 0 0 0 rg BT 263.29 622.10 Td (s ) Tj ET Q q 0 0 0 rg BT 269.68 622.10 Td (Shares.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 602.7669921875 m 210.1484375 602.7669921875 l s q 0 0 0 rg BT 43.00 604.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.41 604.10 Td (axation ) Tj ET Q q 0 0 0 rg BT 80.27 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.03 604.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 145.66 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 153.09 604.10 Td (Sale ) Tj ET Q q 0 0 0 rg BT 172.73 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.49 604.10 Td (Shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.15 604.10 Td (. ) Tj ET Q q 0 0 0 rg BT 214.54 604.10 Td (A) Tj ET Q q 0 0 0 rg BT 221.21 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.64 604.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 244.11 604.10 Td (redemption, ) Tj ET Q q 0 0 0 rg BT 294.58 604.10 Td (or ) Tj ET Q q 0 0 0 rg BT 305.34 604.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 345.52 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.27 604.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 385.36 604.10 Td (may ) Tj ET Q q 0 0 0 rg BT 405.00 604.10 Td (give ) Tj ET Q q 0 0 0 rg BT 424.65 604.10 Td (rise ) Tj ET Q q 0 0 0 rg BT 441.51 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 451.72 604.10 Td (a ) Tj ET Q q 0 0 0 rg BT 458.58 604.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 478.23 604.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.98 604.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 509.47 604.10 Td (In ) Tj ET Q q 0 0 0 rg BT 520.23 604.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 554.58 604.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 592.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 62.46 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 73.04 592.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 90.85 592.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 124.74 592.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 146.99 592.10 Td (a ) Tj ET Q q 0 0 0 rg BT 153.67 592.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 184.79 592.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 230.94 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.51 592.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 270.42 592.10 Td (will ) Tj ET Q q 0 0 0 rg BT 288.23 592.10 Td (be ) Tj ET Q q 0 0 0 rg BT 299.91 592.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 329.36 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 339.94 592.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 381.62 592.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 410.52 592.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 429.98 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 440.56 592.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 458.37 592.10 Td (if ) Tj ET Q q 0 0 0 rg BT 466.73 592.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 495.63 592.10 Td (have ) Tj ET Q q 0 0 0 rg BT 516.76 592.10 Td (been ) Tj ET Q q 0 0 0 rg BT 537.88 592.10 Td (held ) Tj ET Q q 0 0 0 rg BT 557.35 592.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 580.10 Td (more ) Tj ET Q q 0 0 0 rg BT 66.09 580.10 Td (than ) Tj ET Q q 0 0 0 rg BT 85.85 580.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 98.39 580.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 132.88 580.10 Td (Otherwise, ) Tj ET Q q 0 0 0 rg BT 179.02 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.78 580.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 213.53 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 224.41 580.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 242.51 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 255.05 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.81 580.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 301.22 580.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 347.66 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.53 580.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 387.73 580.10 Td (will ) Tj ET Q q 0 0 0 rg BT 405.83 580.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 445.58 580.10 Td (be ) Tj ET Q q 0 0 0 rg BT 457.56 580.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 487.30 580.10 Td (as ) Tj ET Q q 0 0 0 rg BT 498.17 580.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 542.37 580.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 568.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 63.11 568.10 Td (or ) Tj ET Q q 0 0 0 rg BT 74.33 568.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 94.64 568.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 114.75 568.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 133.21 568.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 167.74 568.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 190.63 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.96 568.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 229.72 568.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 276.51 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.73 568.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 317.28 568.10 Td (held ) Tj ET Q q 0 0 0 rg BT 337.39 568.10 Td (for ) Tj ET Q q 0 0 0 rg BT 351.94 568.10 Td (six ) Tj ET Q q 0 0 0 rg BT 366.50 568.10 Td (months ) Tj ET Q q 0 0 0 rg BT 398.84 568.10 Td (or ) Tj ET Q q 0 0 0 rg BT 410.06 568.10 Td (less ) Tj ET Q q 0 0 0 rg BT 427.95 568.10 Td (will ) Tj ET Q q 0 0 0 rg BT 446.40 568.10 Td (be ) Tj ET Q q 0 0 0 rg BT 458.72 568.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 488.82 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 500.04 568.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 542.36 568.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 556.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 63.73 556.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 89.71 556.10 Td (than ) Tj ET Q q 0 0 0 rg BT 109.60 556.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 153.92 556.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 183.24 556.10 Td (loss, ) Tj ET Q q 0 0 0 rg BT 203.97 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.42 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.30 556.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 256.41 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.40 556.10 Td (any ) Tj ET Q q 0 0 0 rg BT 284.51 556.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 321.07 556.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 350.94 556.10 Td (as ) Tj ET Q q 0 0 0 rg BT 361.94 556.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 414.61 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.06 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.94 556.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 489.25 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.25 556.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 542.36 556.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 544.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 62.96 544.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 106.80 544.10 Td (any ) Tj ET Q q 0 0 0 rg BT 123.98 544.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 160.61 544.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 195.56 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.08 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.03 544.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 270.42 544.10 Td (as ) Tj ET Q q 0 0 0 rg BT 281.49 544.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 337.01 544.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 366.40 544.10 Td (gains\). ) Tj ET Q q 0 0 0 rg BT 395.48 544.10 Td (All ) Tj ET Q q 0 0 0 rg BT 411.00 544.10 Td (or ) Tj ET Q q 0 0 0 rg BT 422.07 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 429.25 544.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 460.88 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.95 544.10 Td (any ) Tj ET Q q 0 0 0 rg BT 489.13 544.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 507.43 544.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 541.81 544.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 564.56 544.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 532.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 74.13 532.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 120.28 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.87 532.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 159.79 532.10 Td (may ) Tj ET Q q 0 0 0 rg BT 179.26 532.10 Td (be ) Tj ET Q q 0 0 0 rg BT 190.96 532.10 Td (disallowed ) Tj ET Q q 0 0 0 rg BT 236.54 532.10 Td (if ) Tj ET Q q 0 0 0 rg BT 244.91 532.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 297.72 532.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 334.40 532.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 363.32 532.10 Td (are ) Tj ET Q q 0 0 0 rg BT 377.78 532.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 414.46 532.10 Td (\(through ) Tj ET Q q 0 0 0 rg BT 451.16 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.63 532.10 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 519.54 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.13 532.10 Td (dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 520.10 Td (or ) Tj ET Q q 0 0 0 rg BT 53.94 520.10 Td (otherwise\) ) Tj ET Q q 0 0 0 rg BT 98.76 520.10 Td (within ) Tj ET Q q 0 0 0 rg BT 126.92 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.97 520.10 Td (61-day ) Tj ET Q q 0 0 0 rg BT 164.35 520.10 Td (period ) Tj ET Q q 0 0 0 rg BT 192.51 520.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 235.11 520.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 247.72 520.10 Td (days ) Tj ET Q q 0 0 0 rg BT 268.66 520.10 Td (before ) Tj ET Q q 0 0 0 rg BT 296.81 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.86 520.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 343.68 520.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 356.29 520.10 Td (days ) Tj ET Q q 0 0 0 rg BT 377.23 520.10 Td (after ) Tj ET Q q 0 0 0 rg BT 398.16 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.99 520.10 Td (disposition. ) Tj ET Q q 0 0 0 rg BT 461.99 520.10 Td (In ) Tj ET Q q 0 0 0 rg BT 472.93 520.10 Td (such ) Tj ET Q q 0 0 0 rg BT 493.87 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 500.92 520.10 Td (case, ) Tj ET Q q 0 0 0 rg BT 523.24 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.06 520.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 560.67 520.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.72 508.10 Td (newly ) Tj ET Q q 0 0 0 rg BT 84.66 508.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 121.58 508.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 150.74 508.10 Td (will ) Tj ET Q q 0 0 0 rg BT 168.80 508.10 Td (be ) Tj ET Q q 0 0 0 rg BT 180.73 508.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 216.56 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.84 508.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 254.87 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.59 508.10 Td (disallowed ) Tj ET Q q 0 0 0 rg BT 315.41 508.10 Td (loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 490.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.10 490.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 79.76 490.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 102.31 490.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.20 490.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 142.41 490.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 179.39 490.10 Td (by ) Tj ET Q q 0 0 0 rg BT 191.94 490.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 230.03 490.10 Td (will ) Tj ET Q q 0 0 0 rg BT 248.14 490.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 287.89 490.10 Td (be ) Tj ET Q q 0 0 0 rg BT 299.88 490.10 Td (based ) Tj ET Q q 0 0 0 rg BT 325.21 490.10 Td (on ) Tj ET Q q 0 0 0 rg BT 337.76 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.53 490.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 385.08 490.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 404.84 490.10 Td (for ) Tj ET Q q 0 0 0 rg BT 419.06 490.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 448.27 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.26 490.10 Td (then ) Tj ET Q q 0 0 0 rg BT 485.03 490.10 Td (may ) Tj ET Q q 0 0 0 rg BT 504.80 490.10 Td (be ) Tj ET Q q 0 0 0 rg BT 516.79 490.10 Td (subsequently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 478.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 78.16 478.10 Td (for ) Tj ET Q q 0 0 0 rg BT 91.65 478.10 Td (other ) Tj ET Q q 0 0 0 rg BT 114.03 478.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 156.95 478.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 206.54 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 216.70 478.10 Td (required ) Tj ET Q q 0 0 0 rg BT 251.85 478.10 Td (by ) Tj ET Q q 0 0 0 rg BT 263.68 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.73 478.10 Td (Code. ) Tj ET Q q 0 0 0 rg BT 303.03 478.10 Td (The ) Tj ET Q q 0 0 0 rg BT 320.41 478.10 Td (dif) Tj ET Q q 0 0 0 rg BT 331.34 478.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 362.58 478.10 Td (between ) Tj ET Q q 0 0 0 rg BT 397.73 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.78 478.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 440.27 478.10 Td (price ) Tj ET Q q 0 0 0 rg BT 462.09 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.36 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.41 478.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 510.35 478.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 532.18 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 542.34 478.10 Td (Shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 466.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 83.10 466.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 129.88 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.99 466.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 177.89 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.12 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.24 466.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 233.79 466.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 253.90 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 265.13 466.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 283.60 466.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 318.14 466.10 Td (on ) Tj ET Q q 0 0 0 rg BT 331.04 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.15 466.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 364.60 466.10 Td (or ) Tj ET Q q 0 0 0 rg BT 375.83 466.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 416.49 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.72 466.10 Td (Shares. ) Tj ET Q q 0 0 0 rg BT 459.78 466.10 Td (Contact ) Tj ET Q q 0 0 0 rg BT 493.78 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.90 466.10 Td (broker ) Tj ET Q q 0 0 0 rg BT 537.90 466.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 454.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 70.63 454.10 Td (you ) Tj ET Q q 0 0 0 rg BT 88.27 454.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 131.44 454.10 Td (your ) Tj ET Q q 0 0 0 rg BT 152.40 454.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 181.69 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.11 454.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 219.73 454.10 Td (information ) Tj ET Q q 0 0 0 rg BT 269.58 454.10 Td (with ) Tj ET Q q 0 0 0 rg BT 289.99 454.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 320.94 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.35 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.20 454.10 Td (available ) Tj ET Q q 0 0 0 rg BT 384.92 454.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 403.67 454.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 426.30 454.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 465.59 454.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 502.11 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.18 454.10 Td (elections ) Tj ET Q q 0 0 0 rg BT 557.35 454.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 442.10 Td (your ) Tj ET Q q 0 0 0 rg BT 63.83 442.10 Td (account.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 424.10 Td (An ) Tj ET Q q 0 0 0 rg BT 56.91 424.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 104.05 424.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 149.54 424.10 Td (who ) Tj ET Q q 0 0 0 rg BT 168.92 424.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 212.73 424.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 252.65 424.10 Td (for ) Tj ET Q q 0 0 0 rg BT 266.48 424.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 303.07 424.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 326.90 424.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 366.27 424.10 Td (will ) Tj ET Q q 0 0 0 rg BT 383.99 424.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 425.01 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 431.61 424.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 450.99 424.10 Td (or ) Tj ET Q q 0 0 0 rg BT 461.48 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 468.08 424.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 488.15 424.10 Td (The ) Tj ET Q q 0 0 0 rg BT 505.86 424.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 525.24 424.10 Td (or ) Tj ET Q q 0 0 0 rg BT 535.73 424.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 553.45 424.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 412.10 Td (be ) Tj ET Q q 0 0 0 rg BT 54.83 412.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 78.87 412.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.04 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.64 412.10 Td (dif) Tj ET Q q 0 0 0 rg BT 114.57 412.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 146.37 412.10 Td (between ) Tj ET Q q 0 0 0 rg BT 182.07 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.68 412.10 Td (market ) Tj ET Q q 0 0 0 rg BT 226.83 412.10 Td (value ) Tj ET Q q 0 0 0 rg BT 250.87 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.59 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.19 412.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 313.01 412.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 337.07 412.10 Td (at ) Tj ET Q q 0 0 0 rg BT 346.68 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.28 412.10 Td (time ) Tj ET Q q 0 0 0 rg BT 381.44 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.27 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.87 412.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 431.93 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.65 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.25 412.10 Td (exchanger) Tj ET Q q 0 0 0 rg BT 498.71 412.10 Td () Tj ET Q q 0 0 0 rg BT 501.49 412.10 Td (s ) Tj ET Q q 0 0 0 rg BT 507.77 412.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 549.02 412.10 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 52.58 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 66.61 400.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 106.18 400.10 Td (surrendered ) Tj ET Q q 0 0 0 rg BT 155.18 400.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 173.66 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.68 400.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 219.48 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.62 400.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 249.20 400.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 268.22 400.10 Td (for ) Tj ET Q q 0 0 0 rg BT 281.69 400.10 Td (such ) Tj ET Q q 0 0 0 rg BT 301.82 400.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 338.06 400.10 Td (Units. ) Tj ET Q q 0 0 0 rg BT 363.64 400.10 Td (A) Tj ET Q q 0 0 0 rg BT 370.31 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 372.12 400.10 Td (person ) Tj ET Q q 0 0 0 rg BT 400.58 400.10 Td (who ) Tj ET Q q 0 0 0 rg BT 419.61 400.10 Td (redeems ) Tj ET Q q 0 0 0 rg BT 454.73 400.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 490.98 400.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 514.45 400.10 Td (will ) Tj ET Q q 0 0 0 rg BT 531.81 400.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 388.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 84.91 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 92.40 388.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 112.67 388.10 Td (or ) Tj ET Q q 0 0 0 rg BT 124.05 388.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 142.66 388.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 167.37 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.20 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.47 388.10 Td (dif) Tj ET Q q 0 0 0 rg BT 204.39 388.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 236.86 388.10 Td (between ) Tj ET Q q 0 0 0 rg BT 273.22 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.49 388.10 Td (exchanger) Tj ET Q q 0 0 0 rg BT 329.95 388.10 Td () Tj ET Q q 0 0 0 rg BT 332.73 388.10 Td (s ) Tj ET Q q 0 0 0 rg BT 339.67 388.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 362.72 388.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.55 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.82 388.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 426.30 388.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 451.02 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.51 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.78 388.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 503.50 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.88 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.15 388.10 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 376.10 Td (market ) Tj ET Q q 0 0 0 rg BT 74.11 376.10 Td (value ) Tj ET Q q 0 0 0 rg BT 99.11 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.78 376.10 Td (any ) Tj ET Q q 0 0 0 rg BT 128.57 376.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 169.67 376.10 Td (received ) Tj ET Q q 0 0 0 rg BT 206.88 376.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 226.90 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.46 376.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 275.80 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.47 376.10 Td (any ) Tj ET Q q 0 0 0 rg BT 305.26 376.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 326.37 376.10 Td (received ) Tj ET Q q 0 0 0 rg BT 363.58 376.10 Td (for ) Tj ET Q q 0 0 0 rg BT 378.58 376.10 Td (such ) Tj ET Q q 0 0 0 rg BT 400.26 376.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 438.03 376.10 Td (Units. ) Tj ET Q q 0 0 0 rg BT 465.31 376.10 Td (The ) Tj ET Q q 0 0 0 rg BT 484.20 376.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 513.10 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.03 376.10 Td (Authorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 364.10 Td (Participants ) Tj ET Q q 0 0 0 rg BT 92.90 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.37 364.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 134.92 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 142.04 364.10 Td (full ) Tj ET Q q 0 0 0 rg BT 158.62 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 169.64 364.10 Td (partial ) Tj ET Q q 0 0 0 rg BT 197.87 364.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 218.32 364.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 266.55 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.57 364.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 314.69 364.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 339.05 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.07 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.97 364.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 388.22 364.10 Td (may ) Tj ET Q q 0 0 0 rg BT 408.13 364.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 429.71 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.61 364.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 459.52 364.10 Td (ef) Tj ET Q q 0 0 0 rg BT 467.10 364.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 501.99 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.01 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.92 364.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 553.47 364.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 352.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 77.09 352.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 115.07 352.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 148.06 352.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 166.60 352.10 Td (IRS\), ) Tj ET Q q 0 0 0 rg BT 199.87 352.10 Td (however) Tj ET Q q 0 0 0 rg BT 233.89 352.10 Td (, ) Tj ET Q q 0 0 0 rg BT 239.39 352.10 Td (may ) Tj ET Q q 0 0 0 rg BT 259.60 352.10 Td (assert ) Tj ET Q q 0 0 0 rg BT 285.37 352.10 Td (that ) Tj ET Q q 0 0 0 rg BT 303.36 352.10 Td (a ) Tj ET Q q 0 0 0 rg BT 310.80 352.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 329.36 352.10 Td ( ) Tj ET Q q 0 0 0 rg BT 332.35 352.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 366.99 352.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 389.99 352.10 Td (an ) Tj ET Q q 0 0 0 rg BT 402.42 352.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 443.17 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.50 352.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 495.26 352.10 Td (for ) Tj ET Q q 0 0 0 rg BT 509.92 352.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 547.35 352.10 Td (Units ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 340.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 72.19 340.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 110.81 340.10 Td (be ) Tj ET Q q 0 0 0 rg BT 122.78 340.10 Td (deducted ) Tj ET Q q 0 0 0 rg BT 161.40 340.10 Td (under ) Tj ET Q q 0 0 0 rg BT 186.70 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.45 340.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 223.42 340.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 266.50 340.10 Td (wash ) Tj ET Q q 0 0 0 rg BT 294.02 340.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 320.43 340.10 Td (\(for ) Tj ET Q q 0 0 0 rg BT 337.95 340.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.92 340.10 Td (person ) Tj ET Q q 0 0 0 rg BT 374.11 340.10 Td (who ) Tj ET Q q 0 0 0 rg BT 393.86 340.10 Td (does ) Tj ET Q q 0 0 0 rg BT 414.72 340.10 Td (not ) Tj ET Q q 0 0 0 rg BT 430.03 340.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 495.31 340.10 Td (its ) Tj ET Q q 0 0 0 rg BT 507.29 340.10 Td (portfolio\) ) Tj ET Q q 0 0 0 rg BT 548.15 340.10 Td (or ) Tj ET Q q 0 0 0 rg BT 559.01 340.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 57.72 328.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 80.22 328.10 Td (that ) Tj ET Q q 0 0 0 rg BT 97.71 328.10 Td (there ) Tj ET Q q 0 0 0 rg BT 120.20 328.10 Td (has ) Tj ET Q q 0 0 0 rg BT 136.03 328.10 Td (been ) Tj ET Q q 0 0 0 rg BT 157.40 328.10 Td (no ) Tj ET Q q 0 0 0 rg BT 169.90 328.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 214.62 328.10 Td (change ) Tj ET Q q 0 0 0 rg BT 245.43 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.71 328.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 297.08 328.10 Td (position.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 310.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 62.71 310.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 91.85 310.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 111.56 310.10 Td (or ) Tj ET Q q 0 0 0 rg BT 122.38 310.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 140.43 310.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 174.56 310.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 197.05 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.76 310.10 Td (creation ) Tj ET Q q 0 0 0 rg BT 246.45 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.27 310.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 294.20 310.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 318.36 310.10 Td (will ) Tj ET Q q 0 0 0 rg BT 336.40 310.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 376.10 310.10 Td (be ) Tj ET Q q 0 0 0 rg BT 388.02 310.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 417.72 310.10 Td (as ) Tj ET Q q 0 0 0 rg BT 428.54 310.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 470.46 310.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 499.60 310.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 519.31 310.10 Td (or ) Tj ET Q q 0 0 0 rg BT 530.13 310.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 548.18 310.10 Td (if ) Tj ET Q q 0 0 0 rg BT 556.78 310.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 298.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 84.26 298.10 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 130.50 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 145.66 298.10 Td (such ) Tj ET Q q 0 0 0 rg BT 167.48 298.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 205.40 298.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 230.57 298.10 Td (have ) Tj ET Q q 0 0 0 rg BT 252.94 298.10 Td (been ) Tj ET Q q 0 0 0 rg BT 275.31 298.10 Td (held ) Tj ET Q q 0 0 0 rg BT 296.02 298.10 Td (for ) Tj ET Q q 0 0 0 rg BT 311.17 298.10 Td (more ) Tj ET Q q 0 0 0 rg BT 335.21 298.10 Td (than ) Tj ET Q q 0 0 0 rg BT 355.92 298.10 Td (one ) Tj ET Q q 0 0 0 rg BT 373.85 298.10 Td (year) Tj ET Q q 0 0 0 rg BT 390.50 298.10 Td (. ) Tj ET Q q 0 0 0 rg BT 395.73 298.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 416.44 298.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 446.58 298.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 467.29 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 479.12 298.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 498.17 298.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 533.30 298.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 556.80 298.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 286.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 90.85 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.49 286.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 138.23 286.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 162.20 286.10 Td (will ) Tj ET Q q 0 0 0 rg BT 180.07 286.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 219.58 286.10 Td (be ) Tj ET Q q 0 0 0 rg BT 231.32 286.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 260.83 286.10 Td (as ) Tj ET Q q 0 0 0 rg BT 271.47 286.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 313.21 286.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 342.17 286.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 361.69 286.10 Td (or ) Tj ET Q q 0 0 0 rg BT 372.33 286.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 390.20 286.10 Td (if ) Tj ET Q q 0 0 0 rg BT 398.61 286.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 427.58 286.10 Td (comprising ) Tj ET Q q 0 0 0 rg BT 474.88 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.41 286.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 526.15 286.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 550.12 286.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 274.10 Td (been ) Tj ET Q q 0 0 0 rg BT 63.84 274.10 Td (held ) Tj ET Q q 0 0 0 rg BT 83.01 274.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.64 274.10 Td (more ) Tj ET Q q 0 0 0 rg BT 119.14 274.10 Td (than ) Tj ET Q q 0 0 0 rg BT 138.32 274.10 Td (one ) Tj ET Q q 0 0 0 rg BT 154.72 274.10 Td (year) Tj ET Q q 0 0 0 rg BT 171.37 274.10 Td (. ) Tj ET Q q 0 0 0 rg BT 175.83 274.10 Td (Otherwise, ) Tj ET Q q 0 0 0 rg BT 221.39 274.10 Td (such ) Tj ET Q q 0 0 0 rg BT 241.68 274.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 270.29 274.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 293.36 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 303.65 274.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 329.51 274.10 Td (will ) Tj ET Q q 0 0 0 rg BT 347.02 274.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 386.19 274.10 Td (be ) Tj ET Q q 0 0 0 rg BT 397.58 274.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 426.75 274.10 Td (as ) Tj ET Q q 0 0 0 rg BT 437.04 274.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 480.65 274.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 509.26 274.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 532.33 274.10 Td (or ) Tj ET Q q 0 0 0 rg BT 542.62 274.10 Td (losses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 262.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 62.40 262.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 80.14 262.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 102.32 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.93 262.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 156.65 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.16 262.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 203.77 262.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 227.62 262.10 Td (held ) Tj ET Q q 0 0 0 rg BT 247.01 262.10 Td (for ) Tj ET Q q 0 0 0 rg BT 260.85 262.10 Td (six ) Tj ET Q q 0 0 0 rg BT 274.70 262.10 Td (months ) Tj ET Q q 0 0 0 rg BT 306.33 262.10 Td (or ) Tj ET Q q 0 0 0 rg BT 316.83 262.10 Td (less ) Tj ET Q q 0 0 0 rg BT 334.01 262.10 Td (may ) Tj ET Q q 0 0 0 rg BT 353.41 262.10 Td (be ) Tj ET Q q 0 0 0 rg BT 365.02 262.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 394.40 262.10 Td (as ) Tj ET Q q 0 0 0 rg BT 404.91 262.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 446.52 262.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 475.35 262.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 493.09 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.04 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.44 262.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 544.05 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 554.56 262.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 250.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 79.33 250.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 108.97 250.10 Td (as ) Tj ET Q q 0 0 0 rg BT 119.74 250.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 172.18 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.40 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.05 250.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 240.04 250.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 287.47 250.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 333.23 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.00 250.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 385.87 250.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 414.96 250.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 434.61 250.10 Td (with ) Tj ET Q q 0 0 0 rg BT 454.83 250.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 485.58 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.80 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.46 250.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 547.33 250.10 Td (Units ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 238.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 86.60 238.10 Td (any ) Tj ET Q q 0 0 0 rg BT 103.54 238.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 139.93 238.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 174.63 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.91 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.07 238.10 Td (Authorized ) Tj ET Q q 0 0 0 rg BT 246.56 238.10 Td (Participant ) Tj ET Q q 0 0 0 rg BT 292.38 238.10 Td (as ) Tj ET Q q 0 0 0 rg BT 303.21 238.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 358.48 238.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 387.63 238.10 Td (gains\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 220.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.68 220.10 Td (T) Tj ET Q q 0 0 0 rg BT 66.44 220.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 86.24 220.10 Td (on ) Tj ET Q q 0 0 0 rg BT 98.54 220.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 125.83 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.46 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.98 220.10 Td (Fund, ) Tj ET Q q 0 0 0 rg BT 176.34 220.10 Td (has ) Tj ET Q q 0 0 0 rg BT 191.97 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.49 220.10 Td (right ) Tj ET Q q 0 0 0 rg BT 227.68 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.76 220.10 Td (reject ) Tj ET Q q 0 0 0 rg BT 262.26 220.10 Td (an ) Tj ET Q q 0 0 0 rg BT 274.00 220.10 Td (order ) Tj ET Q q 0 0 0 rg BT 297.40 220.10 Td (for ) Tj ET Q q 0 0 0 rg BT 311.36 220.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 348.10 220.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 372.07 220.10 Td (if ) Tj ET Q q 0 0 0 rg BT 380.48 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.00 220.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 436.16 220.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 450.13 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 456.86 220.10 Td (group ) Tj ET Q q 0 0 0 rg BT 482.50 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.13 220.10 Td (purchasers\) ) Tj ET Q q 0 0 0 rg BT 541.52 220.10 Td (would, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 208.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 64.97 208.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 104.71 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.89 208.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 155.29 208.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 178.93 208.10 Td (so ) Tj ET Q q 0 0 0 rg BT 189.79 208.10 Td (ordered, ) Tj ET Q q 0 0 0 rg BT 224.80 208.10 Td (own ) Tj ET Q q 0 0 0 rg BT 243.99 208.10 Td (80% ) Tj ET Q q 0 0 0 rg BT 264.28 208.10 Td (or ) Tj ET Q q 0 0 0 rg BT 274.58 208.10 Td (more ) Tj ET Q q 0 0 0 rg BT 297.10 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.39 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.58 208.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 370.21 208.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 398.84 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.25 208.10 Td (if, ) Tj ET Q q 0 0 0 rg BT 425.82 208.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 462.23 208.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.97 208.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 503.94 208.10 Td (351 ) Tj ET Q q 0 0 0 rg BT 520.91 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.20 208.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.39 208.10 Td (Code, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 58.03 196.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 81.40 196.10 Td (would ) Tj ET Q q 0 0 0 rg BT 109.21 196.10 Td (have ) Tj ET Q q 0 0 0 rg BT 130.89 196.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.14 196.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 160.95 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.54 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.56 196.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 218.26 196.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 258.83 196.10 Td (dif) Tj ET Q q 0 0 0 rg BT 269.76 196.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 295.88 196.10 Td (from ) Tj ET Q q 0 0 0 rg BT 318.13 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.16 196.10 Td (market ) Tj ET Q q 0 0 0 rg BT 363.73 196.10 Td (value ) Tj ET Q q 0 0 0 rg BT 388.19 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.33 196.10 Td (such ) Tj ET Q q 0 0 0 rg BT 420.47 196.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 461.04 196.10 Td (on ) Tj ET Q q 0 0 0 rg BT 473.85 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.88 196.10 Td (date ) Tj ET Q q 0 0 0 rg BT 508.34 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.48 196.10 Td (deposit. ) Tj ET Q q 0 0 0 rg BT 553.48 196.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 184.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.76 184.10 Td (rust ) Tj ET Q q 0 0 0 rg BT 66.00 184.10 Td (also ) Tj ET Q q 0 0 0 rg BT 84.35 184.10 Td (has ) Tj ET Q q 0 0 0 rg BT 99.92 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.38 184.10 Td (right ) Tj ET Q q 0 0 0 rg BT 135.51 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.53 184.10 Td (require ) Tj ET Q q 0 0 0 rg BT 176.09 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.55 184.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 230.57 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.14 184.10 Td (information ) Tj ET Q q 0 0 0 rg BT 290.60 184.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 331.71 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.73 184.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 383.95 184.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 425.61 184.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 450.63 184.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 494.53 184.10 Td (for ) Tj ET Q q 0 0 0 rg BT 508.43 184.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 546.23 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 556.80 184.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 172.10 Td (80% ) Tj ET Q q 0 0 0 rg BT 64.11 172.10 Td (determination. ) Tj ET Q q 0 0 0 rg BT 124.92 172.10 Td (If ) Tj ET Q q 0 0 0 rg BT 134.36 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.36 172.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 172.70 172.10 Td (does ) Tj ET Q q 0 0 0 rg BT 193.81 172.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 216.58 172.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 253.80 172.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 278.24 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.80 172.10 Td (a ) Tj ET Q q 0 0 0 rg BT 296.02 172.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 337.66 172.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 352.10 172.10 Td (a ) Tj ET Q q 0 0 0 rg BT 359.32 172.10 Td (group ) Tj ET Q q 0 0 0 rg BT 385.43 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.54 172.10 Td (purchasers\) ) Tj ET Q q 0 0 0 rg BT 445.40 172.10 Td (that ) Tj ET Q q 0 0 0 rg BT 463.18 172.10 Td (would, ) Tj ET Q q 0 0 0 rg BT 493.45 172.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 516.23 172.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 556.78 172.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 160.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 80.05 160.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 104.35 160.10 Td (so ) Tj ET Q q 0 0 0 rg BT 115.86 160.10 Td (ordered, ) Tj ET Q q 0 0 0 rg BT 151.52 160.10 Td (own ) Tj ET Q q 0 0 0 rg BT 171.36 160.10 Td (80% ) Tj ET Q q 0 0 0 rg BT 192.31 160.10 Td (or ) Tj ET Q q 0 0 0 rg BT 203.26 160.10 Td (more ) Tj ET Q q 0 0 0 rg BT 226.43 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.38 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.22 160.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 301.50 160.10 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 333.29 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.12 160.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 389.61 160.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 403.89 160.10 Td (a ) Tj ET Q q 0 0 0 rg BT 410.95 160.10 Td (group ) Tj ET Q q 0 0 0 rg BT 436.90 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.86 160.10 Td (purchasers\) ) Tj ET Q q 0 0 0 rg BT 496.57 160.10 Td (will ) Tj ET Q q 0 0 0 rg BT 514.74 160.10 Td (not ) Tj ET Q q 0 0 0 rg BT 530.14 160.10 Td (recognize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 148.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 62.72 148.10 Td (or ) Tj ET Q q 0 0 0 rg BT 73.55 148.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 91.61 148.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 114.11 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.83 148.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 169.08 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.91 148.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 220.17 148.10 Td (for ) Tj ET Q q 0 0 0 rg BT 234.33 148.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 271.27 148.10 Td (Units.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 130.10 Td (Persons ) Tj ET Q q 0 0 0 rg BT 75.98 130.10 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 121.72 130.10 Td (or ) Tj ET Q q 0 0 0 rg BT 131.91 130.10 Td (redeeming ) Tj ET Q q 0 0 0 rg BT 175.97 130.10 Td (Creation ) Tj ET Q q 0 0 0 rg BT 212.27 130.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 235.80 130.10 Td (should ) Tj ET Q q 0 0 0 rg BT 264.34 130.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 295.08 130.10 Td (their ) Tj ET Q q 0 0 0 rg BT 315.27 130.10 Td (own ) Tj ET Q q 0 0 0 rg BT 334.36 130.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 348.44 130.10 Td (advisers ) Tj ET Q q 0 0 0 rg BT 383.07 130.10 Td (with ) Tj ET Q q 0 0 0 rg BT 402.71 130.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 432.89 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.53 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.61 130.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 470.69 130.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 510.31 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.50 130.10 Td (any ) Tj ET Q q 0 0 0 rg BT 536.80 130.10 Td (creation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 118.10 Td (or ) Tj ET Q q 0 0 0 rg BT 53.83 118.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 101.87 118.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 148.24 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.18 118.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 199.89 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.61 118.10 Td (wash ) Tj ET Q q 0 0 0 rg BT 237.66 118.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 259.60 118.10 Td (rule ) Tj ET Q q 0 0 0 rg BT 277.64 118.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 308.47 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.41 118.10 Td (when ) Tj ET Q q 0 0 0 rg BT 349.57 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 356.51 118.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 374.57 118.10 Td (may ) Tj ET Q q 0 0 0 rg BT 394.28 118.10 Td (be ) Tj ET Q q 0 0 0 rg BT 406.22 118.10 Td (deductible.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 98.76699218750002 m 165.8681640625 98.76699218750002 l s q 0 0 0 rg BT 43.00 100.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.41 100.10 Td (axation ) Tj ET Q q 0 0 0 rg BT 81.45 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.38 100.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 117.54 100.10 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.87 100.10 Td (. ) Tj ET Q q 0 0 0 rg BT 171.97 100.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 205.01 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.94 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.76 100.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 256.10 100.10 Td (s ) Tj ET Q q 0 0 0 rg BT 263.59 100.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 314.97 100.10 Td (may ) Tj ET Q q 0 0 0 rg BT 335.79 100.10 Td (be ) Tj ET Q q 0 0 0 rg BT 348.83 100.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 380.76 100.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.14 100.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 430.17 100.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 475.45 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.38 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.20 100.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 527.91 100.10 Td (\(including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 88.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 87.54 88.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 120.95 88.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.60 88.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 166.68 88.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 219.81 88.10 Td (straddles, ) Tj ET Q q 0 0 0 rg BT 260.73 88.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 303.58 88.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 356.71 88.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 388.46 88.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 426.30 88.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 467.76 88.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 502.28 88.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 534.03 88.10 Td (currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 76.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 84.86 76.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.57 76.10 Td (notional ) Tj ET Q q 0 0 0 rg BT 138.62 76.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 177.43 76.10 Td (contracts\) ) Tj ET Q q 0 0 0 rg BT 220.12 76.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 240.89 76.10 Td (among ) Tj ET Q q 0 0 0 rg BT 271.38 76.10 Td (other ) Tj ET Q q 0 0 0 rg BT 295.19 76.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 325.41 76.10 Td (may ) Tj ET Q q 0 0 0 rg BT 345.90 76.10 Td (af) Tj ET Q q 0 0 0 rg BT 353.49 76.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 371.74 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.23 76.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 410.57 76.10 Td (s ) Tj ET Q q 0 0 0 rg BT 417.73 76.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 446.56 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.60 76.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 489.20 76.10 Td (as ) Tj ET Q q 0 0 0 rg BT 500.80 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 508.51 76.10 Td (RIC, ) Tj ET Q q 0 0 0 rg BT 530.95 76.10 Td (af) Tj ET Q q 0 0 0 rg BT 538.54 76.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 556.79 76.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 64.10 Td (character ) Tj ET Q q 0 0 0 rg BT 81.02 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.74 64.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 113.24 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.07 64.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 154.35 64.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 187.38 64.10 Td (by ) Tj ET Q q 0 0 0 rg BT 198.77 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.38 64.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 234.33 64.10 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.66 64.10 Td (e.g.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.10 64.10 Td (, ) Tj ET Q q 0 0 0 rg BT 255.99 64.10 Td (may ) Tj ET Q q 0 0 0 rg BT 274.60 64.10 Td (af) Tj ET Q q 0 0 0 rg BT 282.19 64.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 298.56 64.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 332.16 64.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 354.66 64.10 Td (or ) Tj ET Q q 0 0 0 rg BT 364.38 64.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 389.66 64.10 Td (are ) Tj ET Q q 0 0 0 rg BT 403.26 64.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 438.53 64.10 Td (or ) Tj ET Q q 0 0 0 rg BT 448.25 64.10 Td (capital\), ) Tj ET Q q 0 0 0 rg BT 482.12 64.10 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 523.47 64.10 Td (recognition ) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 55.07 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 88.24 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.76 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.72 742.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 140.02 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.19 742.10 Td (defer ) Tj ET Q q 0 0 0 rg BT 182.47 742.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 212.33 742.10 Td (These ) Tj ET Q q 0 0 0 rg BT 239.95 742.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 263.13 742.10 Td (could ) Tj ET Q q 0 0 0 rg BT 289.08 742.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 328.90 742.10 Td (af) Tj ET Q q 0 0 0 rg BT 336.49 742.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 355.22 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.17 742.10 Td (character) Tj ET Q q 0 0 0 rg BT 407.40 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 413.64 742.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 447.38 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.55 742.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 495.41 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.48 742.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 561.22 742.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 98.18 730.10 Td (These ) Tj ET Q q 0 0 0 rg BT 124.37 730.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 168.35 730.10 Td (also ) Tj ET Q q 0 0 0 rg BT 186.77 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 206.30 730.10 Td (require ) Tj ET Q q 0 0 0 rg BT 236.92 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.45 730.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 274.32 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.41 730.10 Td (mark ) Tj ET Q q 0 0 0 rg BT 307.27 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.36 730.10 Td (market ) Tj ET Q q 0 0 0 rg BT 347.44 730.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 376.95 730.10 Td (types ) Tj ET Q q 0 0 0 rg BT 400.37 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.01 730.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 449.44 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 459.53 730.10 Td (its ) Tj ET Q q 0 0 0 rg BT 471.29 730.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 508.59 730.10 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 511.92 730.10 Td (i.e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.64 730.10 Td (., ) Tj ET Q q 0 0 0 rg BT 528.95 730.10 Td (treat ) Tj ET Q q 0 0 0 rg BT 549.03 730.10 Td (them ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 54.54 718.10 Td (if ) Tj ET Q q 0 0 0 rg BT 63.86 718.10 Td (they ) Tj ET Q q 0 0 0 rg BT 84.28 718.10 Td (were ) Tj ET Q q 0 0 0 rg BT 106.92 718.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 135.68 718.10 Td (out\) ) Tj ET Q q 0 0 0 rg BT 155.00 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 182.64 718.10 Td (may ) Tj ET Q q 0 0 0 rg BT 203.07 718.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 228.49 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.91 718.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 267.68 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.67 718.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 320.74 718.10 Td (income ) Tj ET Q q 0 0 0 rg BT 353.39 718.10 Td (without ) Tj ET Q q 0 0 0 rg BT 387.15 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.58 718.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 426.35 718.10 Td (receiving ) Tj ET Q q 0 0 0 rg BT 466.76 718.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 487.74 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 508.73 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 536.38 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 547.36 718.10 Td (make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 95.98 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 106.73 706.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 143.59 706.10 Td (suf) Tj ET Q q 0 0 0 rg BT 155.63 706.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 184.14 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.89 706.10 Td (enable ) Tj ET Q q 0 0 0 rg BT 223.96 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.15 706.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 262.68 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.44 706.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 302.52 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.71 706.10 Td (RIC ) Tj ET Q q 0 0 0 rg BT 337.35 706.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 386.43 706.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 441.61 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 456.24 706.10 Td (avoiding ) Tj ET Q q 0 0 0 rg BT 494.21 706.10 Td (income ) Tj ET Q q 0 0 0 rg BT 526.62 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.03 706.10 Td (excise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 694.10 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 67.99 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.64 694.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 108.30 694.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 139.29 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.17 694.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 182.93 694.10 Td (its ) Tj ET Q q 0 0 0 rg BT 194.48 694.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 246.84 694.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 277.83 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.71 694.10 Td (make ) Tj ET Q q 0 0 0 rg BT 311.46 694.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 359.09 694.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 373.41 694.10 Td (elections, ) Tj ET Q q 0 0 0 rg BT 413.55 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.09 694.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 461.08 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.95 694.10 Td (make ) Tj ET Q q 0 0 0 rg BT 494.71 694.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 542.34 694.10 Td (entries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 52.90 682.10 Td (its ) Tj ET Q q 0 0 0 rg BT 64.46 682.10 Td (books ) Tj ET Q q 0 0 0 rg BT 90.47 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.02 682.10 Td (records ) Tj ET Q q 0 0 0 rg BT 138.57 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.46 682.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 183.35 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.68 682.10 Td (ef) Tj ET Q q 0 0 0 rg BT 205.27 682.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 222.37 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.82 682.10 Td (these ) Tj ET Q q 0 0 0 rg BT 255.48 682.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 277.04 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.59 682.10 Td (preserve ) Tj ET Q q 0 0 0 rg BT 329.58 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.91 682.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 367.25 682.10 Td (s ) Tj ET Q q 0 0 0 rg BT 373.26 682.10 Td (qualification ) Tj ET Q q 0 0 0 rg BT 425.91 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 439.69 682.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 479.56 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 490.01 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.57 682.10 Td (RIC. ) Tj ET Q q 0 0 0 rg BT 517.70 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 523.11 682.10 Td (o ) Tj ET Q q 0 0 0 rg BT 530.23 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.56 682.10 Td (extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 58.06 670.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 81.46 670.10 Td (invests ) Tj ET Q q 0 0 0 rg BT 112.07 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 122.69 670.10 Td (an ) Tj ET Q q 0 0 0 rg BT 134.97 670.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 181.13 670.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 202.30 670.10 Td (that ) Tj ET Q q 0 0 0 rg BT 220.14 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 229.65 670.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 261.36 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 272.53 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 279.81 670.10 Td (RIC, ) Tj ET Q q 0 0 0 rg BT 301.82 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.87 670.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 339.15 670.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 383.08 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.70 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.75 670.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 423.81 670.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 464.41 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.58 670.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 512.85 670.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 553.45 670.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 658.10 Td (also ) Tj ET Q q 0 0 0 rg BT 61.61 658.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 86.33 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.60 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.32 658.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 157.15 658.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 181.87 658.10 Td (that ) Tj ET Q q 0 0 0 rg BT 199.36 658.10 Td (also ) Tj ET Q q 0 0 0 rg BT 217.97 658.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 244.36 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 254.64 658.10 Td (such ) Tj ET Q q 0 0 0 rg BT 275.47 658.10 Td (complex ) Tj ET Q q 0 0 0 rg BT 312.40 658.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 352.66 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.60 658.10 Td (investments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 640.10 Td (The ) Tj ET Q q 0 0 0 rg BT 61.09 640.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 84.19 640.10 Td (may ) Tj ET Q q 0 0 0 rg BT 103.95 640.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 130.38 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.71 640.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 162.22 640.10 Td (s. ) Tj ET Q q 0 0 0 rg BT 171.16 640.10 Td (Investments ) Tj ET Q q 0 0 0 rg BT 222.03 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.35 640.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 254.38 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.93 640.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 284.46 640.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 324.77 640.10 Td (may ) Tj ET Q q 0 0 0 rg BT 344.53 640.10 Td (require ) Tj ET Q q 0 0 0 rg BT 375.39 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.15 640.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 413.25 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.58 640.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 452.20 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.18 640.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 509.50 640.10 Td (income ) Tj ET Q q 0 0 0 rg BT 541.48 640.10 Td (not ) Tj ET Q q 0 0 0 rg BT 556.80 640.10 Td (yet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 628.10 Td (received. ) Tj ET Q q 0 0 0 rg BT 82.02 628.10 Td (T) Tj ET Q q 0 0 0 rg BT 87.43 628.10 Td (o ) Tj ET Q q 0 0 0 rg BT 95.29 628.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 132.01 628.10 Td (suf) Tj ET Q q 0 0 0 rg BT 144.05 628.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 172.46 628.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 193.09 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.73 628.10 Td (make ) Tj ET Q q 0 0 0 rg BT 228.24 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.32 628.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 280.62 628.10 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 335.98 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 351.06 628.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 374.48 628.10 Td (may ) Tj ET Q q 0 0 0 rg BT 394.56 628.10 Td (be ) Tj ET Q q 0 0 0 rg BT 406.86 628.10 Td (required ) Tj ET Q q 0 0 0 rg BT 443.04 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.68 628.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 470.43 628.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 511.05 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.69 628.10 Td (its ) Tj ET Q q 0 0 0 rg BT 534.00 628.10 Td (portfolio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 616.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 87.10 616.10 Td (when ) Tj ET Q q 0 0 0 rg BT 111.75 616.10 Td (it ) Tj ET Q q 0 0 0 rg BT 120.30 616.10 Td (is ) Tj ET Q q 0 0 0 rg BT 129.96 616.10 Td (not ) Tj ET Q q 0 0 0 rg BT 145.73 616.10 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 203.15 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.92 616.10 Td (do ) Tj ET Q q 0 0 0 rg BT 226.92 616.10 Td (so\) ) Tj ET Q q 0 0 0 rg BT 242.13 616.10 Td (that ) Tj ET Q q 0 0 0 rg BT 260.12 616.10 Td (it ) Tj ET Q q 0 0 0 rg BT 268.67 616.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 310.54 616.10 Td (would ) Tj ET Q q 0 0 0 rg BT 338.53 616.10 Td (have ) Tj ET Q q 0 0 0 rg BT 360.40 616.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 402.83 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.60 616.10 Td (hold. ) Tj ET Q q 0 0 0 rg BT 436.66 616.10 Td (The ) Tj ET Q q 0 0 0 rg BT 455.20 616.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 478.54 616.10 Td (s ) Tj ET Q q 0 0 0 rg BT 485.42 616.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 536.19 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 546.96 616.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 568.99 616.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 604.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 70.29 604.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 110.35 604.10 Td (may ) Tj ET Q q 0 0 0 rg BT 129.86 604.10 Td (at ) Tj ET Q q 0 0 0 rg BT 139.37 604.10 Td (other ) Tj ET Q q 0 0 0 rg BT 162.21 604.10 Td (times ) Tj ET Q q 0 0 0 rg BT 186.17 604.10 Td (result ) Tj ET Q q 0 0 0 rg BT 210.69 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.76 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.27 604.10 Td (Fund) Tj ET Q q 0 0 0 rg BT 258.61 604.10 Td (s ) Tj ET Q q 0 0 0 rg BT 264.80 604.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 294.29 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.92 604.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 324.98 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 335.06 604.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 363.45 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.07 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.59 604.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 413.58 604.10 Td (s ) Tj ET Q q 0 0 0 rg BT 419.77 604.10 Td (earnings; ) Tj ET Q q 0 0 0 rg BT 458.72 604.10 Td (if ) Tj ET Q q 0 0 0 rg BT 467.12 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.63 604.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 504.49 604.10 Td (distributes ) Tj ET Q q 0 0 0 rg BT 548.45 604.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 592.10 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 81.52 592.10 Td (these ) Tj ET Q q 0 0 0 rg BT 104.20 592.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 156.33 592.10 Td (could ) Tj ET Q q 0 0 0 rg BT 180.68 592.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 221.69 592.10 Td (a ) Tj ET Q q 0 0 0 rg BT 228.26 592.10 Td (return ) Tj ET Q q 0 0 0 rg BT 254.27 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.73 592.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 293.52 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.42 592.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 326.12 592.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 378.79 592.10 Td (for ) Tj ET Q q 0 0 0 rg BT 392.58 592.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 422.46 592.10 Td (income ) Tj ET Q q 0 0 0 rg BT 454.03 592.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 468.38 592.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 508.56 592.10 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 551.80 592.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 580.10 Td (by ) Tj ET Q q 0 0 0 rg BT 56.44 580.10 Td (a ) Tj ET Q q 0 0 0 rg BT 64.33 580.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 85.80 580.10 Td (, ) Tj ET Q q 0 0 0 rg BT 91.74 580.10 Td (other ) Tj ET Q q 0 0 0 rg BT 115.74 580.10 Td (than ) Tj ET Q q 0 0 0 rg BT 136.40 580.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 166.49 580.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 187.15 580.10 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 243.10 580.10 Td (will ) Tj ET Q q 0 0 0 rg BT 262.10 580.10 Td (be ) Tj ET Q q 0 0 0 rg BT 274.98 580.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 307.30 580.10 Td (as ) Tj ET Q q 0 0 0 rg BT 319.07 580.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 356.39 580.10 Td (income ) Tj ET Q q 0 0 0 rg BT 389.27 580.10 Td (up ) Tj ET Q q 0 0 0 rg BT 402.71 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.94 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.60 580.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 463.04 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.81 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.47 580.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 515.47 580.10 Td (s ) Tj ET Q q 0 0 0 rg BT 522.80 580.10 Td (current ) Tj ET Q q 0 0 0 rg BT 554.56 580.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 568.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 95.77 568.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 131.89 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.58 568.10 Td (profits. ) Tj ET Q q 0 0 0 rg BT 179.43 568.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 210.56 568.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 230.02 568.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 271.15 568.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 290.61 568.10 Td (by ) Tj ET Q q 0 0 0 rg BT 302.86 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 309.54 568.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 331.58 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.82 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.85 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.31 568.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 381.12 568.10 Td (will ) Tj ET Q q 0 0 0 rg BT 398.92 568.10 Td (be ) Tj ET Q q 0 0 0 rg BT 410.60 568.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 440.05 568.10 Td (as ) Tj ET Q q 0 0 0 rg BT 450.62 568.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 492.30 568.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 521.20 568.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 544.55 568.10 Td (by ) Tj ET Q q 0 0 0 rg BT 556.80 568.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 556.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 66.25 556.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 85.88 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.35 556.10 Td (turn, ) Tj ET Q q 0 0 0 rg BT 117.64 556.10 Td (may ) Tj ET Q q 0 0 0 rg BT 137.55 556.10 Td (be ) Tj ET Q q 0 0 0 rg BT 149.68 556.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 195.14 556.10 Td (by ) Tj ET Q q 0 0 0 rg BT 207.83 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.74 556.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 245.99 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 256.46 556.10 Td (its ) Tj ET Q q 0 0 0 rg BT 268.59 556.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 321.82 556.10 Td (as ) Tj ET Q q 0 0 0 rg BT 332.84 556.10 Td (a ) Tj ET Q q 0 0 0 rg BT 339.97 556.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 369.31 556.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 389.21 556.10 Td (distribution. ) Tj ET Q q 0 0 0 rg BT 440.52 556.10 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 484.31 556.10 Td (received ) Tj ET Q q 0 0 0 rg BT 520.87 556.10 Td (by ) Tj ET Q q 0 0 0 rg BT 533.56 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.46 556.10 Td (Fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 544.10 Td (from ) Tj ET Q q 0 0 0 rg BT 65.47 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 72.95 544.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 94.98 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.02 544.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 138.25 544.10 Td (will ) Tj ET Q q 0 0 0 rg BT 156.85 544.10 Td (not ) Tj ET Q q 0 0 0 rg BT 172.66 544.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 214.57 544.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 253.15 544.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 291.18 544.10 Td (income ) Tj ET Q q 0 0 0 rg BT 323.65 544.10 Td (or ) Tj ET Q q 0 0 0 rg BT 335.01 544.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 366.37 544.10 Td (for ) Tj ET Q q 0 0 0 rg BT 381.07 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.32 544.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 438.24 544.10 Td (received ) Tj ET Q q 0 0 0 rg BT 475.14 544.10 Td (deduction. ) Tj ET Q q 0 0 0 rg BT 520.11 544.10 Td (If ) Tj ET Q q 0 0 0 rg BT 529.80 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 537.27 544.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 559.31 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 562.35 544.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 532.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 80.51 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.37 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 98.90 532.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 131.97 532.10 Td (such ) Tj ET Q q 0 0 0 rg BT 153.38 532.10 Td (that ) Tj ET Q q 0 0 0 rg BT 171.46 532.10 Td (it ) Tj ET Q q 0 0 0 rg BT 180.10 532.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 200.40 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.27 532.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 242.68 532.10 Td (as ) Tj ET Q q 0 0 0 rg BT 254.09 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.62 532.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 283.09 532.10 Td (, ) Tj ET Q q 0 0 0 rg BT 288.68 532.10 Td (an ) Tj ET Q q 0 0 0 rg BT 301.20 532.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 348.17 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.03 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.33 532.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 396.37 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 399.45 532.10 Td (would ) Tj ET Q q 0 0 0 rg BT 427.54 532.10 Td (become ) Tj ET Q q 0 0 0 rg BT 461.72 532.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 493.13 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.99 532.10 Td (double ) Tj ET Q q 0 0 0 rg BT 534.29 532.10 Td (taxation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 520.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 79.83 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.44 520.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 125.70 520.10 Td (income ) Tj ET Q q 0 0 0 rg BT 157.53 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.26 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.87 520.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 204.90 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.30 520.10 Td (would ) Tj ET Q q 0 0 0 rg BT 234.69 520.10 Td (be ) Tj ET Q q 0 0 0 rg BT 246.52 520.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 277.24 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.42 520.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 317.56 520.10 Td (income ) Tj ET Q q 0 0 0 rg BT 349.39 520.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 364.00 520.10 Td (at ) Tj ET Q q 0 0 0 rg BT 373.61 520.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 404.32 520.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 444.47 520.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 465.74 520.10 Td (without ) Tj ET Q q 0 0 0 rg BT 498.69 520.10 Td (any ) Tj ET Q q 0 0 0 rg BT 515.52 520.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 557.35 520.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 83.41 508.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 102.15 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.45 508.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 163.51 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.47 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.21 508.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 233.62 508.10 Td (would ) Tj ET Q q 0 0 0 rg BT 260.14 508.10 Td (be ) Tj ET Q q 0 0 0 rg BT 271.10 508.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 301.50 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 310.80 508.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 362.86 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 372.71 508.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 408.11 508.10 Td (income ) Tj ET Q q 0 0 0 rg BT 439.06 508.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 452.25 508.10 Td (possibly ) Tj ET Q q 0 0 0 rg BT 487.11 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 496.96 508.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 534.03 508.10 Td (dividend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 496.10 Td (income\) ) Tj ET Q q 0 0 0 rg BT 78.26 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.54 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.26 496.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 130.19 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.02 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.74 496.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 180.73 496.10 Td (s ) Tj ET Q q 0 0 0 rg BT 187.13 496.10 Td (current ) Tj ET Q q 0 0 0 rg BT 217.94 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.88 496.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 287.91 496.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 324.28 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.22 496.10 Td (profits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 478.10 Td (The ) Tj ET Q q 0 0 0 rg BT 60.69 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 66.10 478.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 77.34 478.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 94.09 478.10 Td (treats ) Tj ET Q q 0 0 0 rg BT 118.06 478.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 160.35 478.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 182.38 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.69 478.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 230.33 478.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 250.69 478.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 286.88 478.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 308.91 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.22 478.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 352.42 478.10 Td (other ) Tj ET Q q 0 0 0 rg BT 375.28 478.10 Td (than ) Tj ET Q q 0 0 0 rg BT 394.81 478.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 423.77 478.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 443.30 478.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 484.49 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.24 478.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 536.33 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 546.97 478.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 569.01 478.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 466.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 83.88 466.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 128.63 466.10 Td (as ) Tj ET Q q 0 0 0 rg BT 138.96 466.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 176.49 466.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 213.48 466.10 Td (income ) Tj ET Q q 0 0 0 rg BT 244.90 466.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 276.89 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 290.54 466.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 319.18 466.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 338.39 466.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 352.60 466.10 Td (rates\) ) Tj ET Q q 0 0 0 rg BT 376.80 466.10 Td (as ) Tj ET Q q 0 0 0 rg BT 387.12 466.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 419.10 466.10 Td (for ) Tj ET Q q 0 0 0 rg BT 432.76 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 439.19 466.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 459.51 466.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 500.93 466.10 Td (by ) Tj ET Q q 0 0 0 rg BT 512.93 466.10 Td (non-corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 454.10 Td (taxpayers. ) Tj ET Q q 0 0 0 rg BT 85.94 454.10 Td (This ) Tj ET Q q 0 0 0 rg BT 106.01 454.10 Td (deduction, ) Tj ET Q q 0 0 0 rg BT 150.24 454.10 Td (if ) Tj ET Q q 0 0 0 rg BT 158.64 454.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 192.59 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.66 454.10 Td (full, ) Tj ET Q q 0 0 0 rg BT 221.34 454.10 Td (equates ) Tj ET Q q 0 0 0 rg BT 253.62 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 263.69 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 270.42 454.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 313.26 454.10 Td (ef) Tj ET Q q 0 0 0 rg BT 320.85 454.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 350.34 454.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 364.85 454.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 382.13 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.75 454.10 Td (29.6% ) Tj ET Q q 0 0 0 rg BT 420.88 454.10 Td (\(37% ) Tj ET Q q 0 0 0 rg BT 444.83 454.10 Td (top ) Tj ET Q q 0 0 0 rg BT 459.90 454.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 477.18 454.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 508.90 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.97 454.10 Td (income ) Tj ET Q q 0 0 0 rg BT 550.70 454.10 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 442.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 63.64 442.10 Td (deduction\). ) Tj ET Q q 0 0 0 rg BT 111.22 442.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 148.53 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.63 442.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 193.14 442.10 Td (proposed ) Tj ET Q q 0 0 0 rg BT 232.12 442.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 278.86 442.10 Td (on ) Tj ET Q q 0 0 0 rg BT 291.18 442.10 Td (which ) Tj ET Q q 0 0 0 rg BT 317.93 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.46 442.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 355.33 442.10 Td (may ) Tj ET Q q 0 0 0 rg BT 374.86 442.10 Td (rely) Tj ET Q q 0 0 0 rg BT 389.76 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 394.57 442.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 446.89 442.10 Td (by ) Tj ET Q q 0 0 0 rg BT 459.21 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.74 442.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 496.61 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.70 442.10 Td (its ) Tj ET Q q 0 0 0 rg BT 518.46 442.10 Td (shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 430.10 Td (that ) Tj ET Q q 0 0 0 rg BT 59.52 430.10 Td (are ) Tj ET Q q 0 0 0 rg BT 73.25 430.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 120.31 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.62 430.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 166.68 430.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 188.72 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.25 430.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 230.66 430.10 Td (received ) Tj ET Q q 0 0 0 rg BT 266.04 430.10 Td (by ) Tj ET Q q 0 0 0 rg BT 277.57 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.31 430.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 313.40 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.36 430.10 Td (which ) Tj ET Q q 0 0 0 rg BT 355.32 430.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.07 430.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 391.15 430.10 Td (properly ) Tj ET Q q 0 0 0 rg BT 426.55 430.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 455.85 430.10 Td (as ) Tj ET Q q 0 0 0 rg BT 465.70 430.10 Td (section ) Tj ET Q q 0 0 0 rg BT 499.99 430.10 Td (199A) Tj ET Q q 0 0 0 rg BT 521.66 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 523.19 430.10 Td (dividends, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 418.10 Td (are ) Tj ET Q q 0 0 0 rg BT 57.14 418.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 86.28 418.10 Td (as ) Tj ET Q q 0 0 0 rg BT 96.55 418.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 138.47 418.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 160.51 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.44 418.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 207.71 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.42 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.58 418.10 Td (hands ) Tj ET Q q 0 0 0 rg BT 256.84 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.11 418.10 Td (non-corporate ) Tj ET Q q 0 0 0 rg BT 325.13 418.10 Td (shareholders. ) Tj ET Q q 0 0 0 rg BT 379.68 418.10 Td (A) Tj ET Q q 0 0 0 rg BT 386.35 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 388.29 418.10 Td (section ) Tj ET Q q 0 0 0 rg BT 418.55 418.10 Td (199A) Tj ET Q q 0 0 0 rg BT 440.22 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.16 418.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 479.09 418.10 Td (is ) Tj ET Q q 0 0 0 rg BT 487.70 418.10 Td (treated ) Tj ET Q q 0 0 0 rg BT 516.84 418.10 Td (as ) Tj ET Q q 0 0 0 rg BT 527.10 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.48 418.10 Td (qualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 406.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 65.04 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 67.66 406.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 105.29 406.10 Td (only ) Tj ET Q q 0 0 0 rg BT 125.69 406.10 Td (if ) Tj ET Q q 0 0 0 rg BT 134.43 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.28 406.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 198.55 406.10 Td (receiving ) Tj ET Q q 0 0 0 rg BT 238.38 406.10 Td (such ) Tj ET Q q 0 0 0 rg BT 259.34 406.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 296.96 406.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 321.26 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.11 406.10 Td (dividend-paying ) Tj ET Q q 0 0 0 rg BT 404.28 406.10 Td (RIC ) Tj ET Q q 0 0 0 rg BT 423.58 406.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 451.19 406.10 Td (for ) Tj ET Q q 0 0 0 rg BT 465.48 406.10 Td (at ) Tj ET Q q 0 0 0 rg BT 475.33 406.10 Td (least ) Tj ET Q q 0 0 0 rg BT 496.28 406.10 Td (46 ) Tj ET Q q 0 0 0 rg BT 508.91 406.10 Td (days ) Tj ET Q q 0 0 0 rg BT 529.87 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.83 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 555.67 406.10 Td (91-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 394.10 Td (day ) Tj ET Q q 0 0 0 rg BT 60.15 394.10 Td (period ) Tj ET Q q 0 0 0 rg BT 88.41 394.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 131.11 394.10 Td (45 ) Tj ET Q q 0 0 0 rg BT 143.82 394.10 Td (days ) Tj ET Q q 0 0 0 rg BT 164.86 394.10 Td (before ) Tj ET Q q 0 0 0 rg BT 193.11 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.03 394.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 235.73 394.10 Td (become ) Tj ET Q q 0 0 0 rg BT 269.54 394.10 Td (ex-dividend, ) Tj ET Q q 0 0 0 rg BT 322.51 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.66 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 349.04 394.10 Td (not ) Tj ET Q q 0 0 0 rg BT 364.53 394.10 Td (under ) Tj ET Q q 0 0 0 rg BT 390.01 394.10 Td (an ) Tj ET Q q 0 0 0 rg BT 402.16 394.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 445.42 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.91 394.10 Td (make ) Tj ET Q q 0 0 0 rg BT 480.27 394.10 Td (related ) Tj ET Q q 0 0 0 rg BT 510.18 394.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 551.22 394.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 382.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 73.87 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.20 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 91.19 382.10 Td (position ) Tj ET Q q 0 0 0 rg BT 125.96 382.10 Td (in ) Tj ET Q q 0 0 0 rg BT 136.29 382.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 189.40 382.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 219.72 382.10 Td (or ) Tj ET Q q 0 0 0 rg BT 230.60 382.10 Td (related ) Tj ET Q q 0 0 0 rg BT 260.36 382.10 Td (property) Tj ET Q q 0 0 0 rg BT 293.58 382.10 Td (. ) Tj ET Q q 0 0 0 rg BT 298.45 382.10 Td (The ) Tj ET Q q 0 0 0 rg BT 316.55 382.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 339.66 382.10 Td (is ) Tj ET Q q 0 0 0 rg BT 348.88 382.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 389.75 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.08 382.10 Td (report ) Tj ET Q q 0 0 0 rg BT 426.51 382.10 Td (such ) Tj ET Q q 0 0 0 rg BT 447.39 382.10 Td (part ) Tj ET Q q 0 0 0 rg BT 465.49 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.37 382.10 Td (its ) Tj ET Q q 0 0 0 rg BT 488.37 382.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 529.81 382.10 Td (as ) Tj ET Q q 0 0 0 rg BT 540.69 382.10 Td (section ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 370.10 Td (199A) Tj ET Q q 0 0 0 rg BT 64.67 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 67.17 370.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 108.56 370.10 Td (as ) Tj ET Q q 0 0 0 rg BT 119.39 370.10 Td (are ) Tj ET Q q 0 0 0 rg BT 134.09 370.10 Td (eligible, ) Tj ET Q q 0 0 0 rg BT 169.08 370.10 Td (but ) Tj ET Q q 0 0 0 rg BT 184.36 370.10 Td (is ) Tj ET Q q 0 0 0 rg BT 193.53 370.10 Td (not ) Tj ET Q q 0 0 0 rg BT 208.81 370.10 Td (required ) Tj ET Q q 0 0 0 rg BT 244.63 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.90 370.10 Td (do ) Tj ET Q q 0 0 0 rg BT 267.40 370.10 Td (so.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 352.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 64.52 352.10 Td (s ) Tj ET Q q 0 0 0 rg BT 70.50 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 80.37 352.10 Td (which ) Tj ET Q q 0 0 0 rg BT 106.89 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.20 352.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 143.85 352.10 Td (invests ) Tj ET Q q 0 0 0 rg BT 173.72 352.10 Td (often ) Tj ET Q q 0 0 0 rg BT 196.35 352.10 Td (do ) Tj ET Q q 0 0 0 rg BT 208.44 352.10 Td (not ) Tj ET Q q 0 0 0 rg BT 223.31 352.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 255.94 352.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 294.68 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.21 352.10 Td (final ) Tj ET Q q 0 0 0 rg BT 331.63 352.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 345.93 352.10 Td (information ) Tj ET Q q 0 0 0 rg BT 395.23 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.10 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.40 352.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 442.05 352.10 Td (until ) Tj ET Q q 0 0 0 rg BT 462.48 352.10 Td (after ) Tj ET Q q 0 0 0 rg BT 482.88 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.19 352.10 Td (time ) Tj ET Q q 0 0 0 rg BT 517.05 352.10 Td (that ) Tj ET Q q 0 0 0 rg BT 534.13 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.44 352.10 Td (Fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 340.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 70.02 340.10 Td (a ) Tj ET Q q 0 0 0 rg BT 77.58 340.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 92.92 340.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 132.70 340.10 Td (statement. ) Tj ET Q q 0 0 0 rg BT 175.95 340.10 Td (As ) Tj ET Q q 0 0 0 rg BT 190.19 340.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.75 340.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 225.59 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.93 340.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 264.62 340.10 Td (may ) Tj ET Q q 0 0 0 rg BT 284.96 340.10 Td (at ) Tj ET Q q 0 0 0 rg BT 295.30 340.10 Td (times ) Tj ET Q q 0 0 0 rg BT 320.09 340.10 Td (find ) Tj ET Q q 0 0 0 rg BT 339.32 340.10 Td (it ) Tj ET Q q 0 0 0 rg BT 348.00 340.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 390.00 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.90 340.10 Td (reclassify ) Tj ET Q q 0 0 0 rg BT 442.34 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.68 340.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 490.80 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.36 340.10 Td (character ) Tj ET Q q 0 0 0 rg BT 548.11 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 559.57 340.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 328.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 94.92 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 104.61 328.10 Td (you ) Tj ET Q q 0 0 0 rg BT 121.53 328.10 Td (after ) Tj ET Q q 0 0 0 rg BT 141.75 328.10 Td (it ) Tj ET Q q 0 0 0 rg BT 149.23 328.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 175.03 328.10 Td (your ) Tj ET Q q 0 0 0 rg BT 195.28 328.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 209.41 328.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 247.98 328.10 Td (statement. ) Tj ET Q q 0 0 0 rg BT 290.57 328.10 Td (When ) Tj ET Q q 0 0 0 rg BT 316.36 328.10 Td (such ) Tj ET Q q 0 0 0 rg BT 336.61 328.10 Td (reclassification ) Tj ET Q q 0 0 0 rg BT 399.05 328.10 Td (is ) Tj ET Q q 0 0 0 rg BT 407.63 328.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 445.85 328.10 Td (, ) Tj ET Q q 0 0 0 rg BT 450.26 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.40 328.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 486.87 328.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 500.44 328.10 Td (its ) Tj ET Q q 0 0 0 rg BT 511.81 328.10 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 316.10 Td (agent\) ) Tj ET Q q 0 0 0 rg BT 70.44 316.10 Td (will ) Tj ET Q q 0 0 0 rg BT 88.46 316.10 Td (send ) Tj ET Q q 0 0 0 rg BT 109.25 316.10 Td (you ) Tj ET Q q 0 0 0 rg BT 126.71 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.60 316.10 Td (corrected, ) Tj ET Q q 0 0 0 rg BT 175.75 316.10 Td (final ) Tj ET Q q 0 0 0 rg BT 196.54 316.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 220.67 316.10 Td (1099-DIV) Tj ET Q q 0 0 0 rg BT 261.59 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.05 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.28 316.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 302.27 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.95 316.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 364.94 316.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 417.11 316.10 Td (If ) Tj ET Q q 0 0 0 rg BT 426.23 316.10 Td (you ) Tj ET Q q 0 0 0 rg BT 443.69 316.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 475.01 316.10 Td (a ) Tj ET Q q 0 0 0 rg BT 481.91 316.10 Td (corrected ) Tj ET Q q 0 0 0 rg BT 521.56 316.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 545.69 316.10 Td (1099-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 304.10 Td (DIV) Tj ET Q q 0 0 0 rg BT 59.48 304.10 Td (, ) Tj ET Q q 0 0 0 rg BT 63.59 304.10 Td (use ) Tj ET Q q 0 0 0 rg BT 78.53 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.35 304.10 Td (information ) Tj ET Q q 0 0 0 rg BT 141.17 304.10 Td (on ) Tj ET Q q 0 0 0 rg BT 152.78 304.10 Td (this ) Tj ET Q q 0 0 0 rg BT 168.84 304.10 Td (corrected ) Tj ET Q q 0 0 0 rg BT 207.64 304.10 Td (form, ) Tj ET Q q 0 0 0 rg BT 231.19 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.23 304.10 Td (not ) Tj ET Q q 0 0 0 rg BT 261.62 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.44 304.10 Td (information ) Tj ET Q q 0 0 0 rg BT 324.26 304.10 Td (on ) Tj ET Q q 0 0 0 rg BT 335.87 304.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.70 304.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 393.52 304.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 420.13 304.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 433.95 304.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 472.22 304.10 Td (statement, ) Tj ET Q q 0 0 0 rg BT 514.64 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.03 304.10 Td (completing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 292.10 Td (your ) Tj ET Q q 0 0 0 rg BT 63.83 292.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 78.55 292.10 Td (returns.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 272.7669921875 m 126.19287109375 272.7669921875 l s q 0 0 0 rg BT 43.00 274.10 Td (Backup ) Tj ET Q q 0 0 0 rg BT 76.04 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 85.08 274.10 Td (ithholding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.19 274.10 Td (. ) Tj ET Q q 0 0 0 rg BT 131.19 274.10 Td (The ) Tj ET Q q 0 0 0 rg BT 149.42 274.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 172.67 274.10 Td (will ) Tj ET Q q 0 0 0 rg BT 190.92 274.10 Td (be ) Tj ET Q q 0 0 0 rg BT 203.05 274.10 Td (required ) Tj ET Q q 0 0 0 rg BT 239.05 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.52 274.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 279.41 274.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 303.20 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.67 274.10 Td (withhold ) Tj ET Q q 0 0 0 rg BT 351.92 274.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 366.26 274.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 402.27 274.10 Td (withholding\) ) Tj ET Q q 0 0 0 rg BT 461.06 274.10 Td (on ) Tj ET Q q 0 0 0 rg BT 473.75 274.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 510.33 274.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 544.11 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 554.58 274.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 262.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 91.43 262.10 Td (who ) Tj ET Q q 0 0 0 rg BT 110.43 262.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 123.87 262.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 142.87 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.43 262.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 184.76 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.98 262.10 Td (correct ) Tj ET Q q 0 0 0 rg BT 220.52 262.10 Td (taxpayer ) Tj ET Q q 0 0 0 rg BT 256.73 262.10 Td (identification ) Tj ET Q q 0 0 0 rg BT 311.82 262.10 Td (number ) Tj ET Q q 0 0 0 rg BT 344.15 262.10 Td (certified ) Tj ET Q q 0 0 0 rg BT 379.25 262.10 Td (under ) Tj ET Q q 0 0 0 rg BT 403.80 262.10 Td (penalty ) Tj ET Q q 0 0 0 rg BT 435.01 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.12 262.10 Td (perjury; ) Tj ET Q q 0 0 0 rg BT 478.56 262.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 492.00 262.10 Td (is ) Tj ET Q q 0 0 0 rg BT 500.46 262.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 530.56 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.12 262.10 Td (backup ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 250.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 94.06 250.10 Td (by ) Tj ET Q q 0 0 0 rg BT 106.79 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.73 250.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 140.02 250.10 Td (for ) Tj ET Q q 0 0 0 rg BT 154.41 250.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 183.23 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.73 250.10 Td (properly ) Tj ET Q q 0 0 0 rg BT 230.34 250.10 Td (report ) Tj ET Q q 0 0 0 rg BT 256.94 250.10 Td (all ) Tj ET Q q 0 0 0 rg BT 269.67 250.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 310.72 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.77 250.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 353.94 250.10 Td (or ) Tj ET Q q 0 0 0 rg BT 364.99 250.10 Td (dividends; ) Tj ET Q q 0 0 0 rg BT 409.38 250.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 423.77 250.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 443.72 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.22 250.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 487.49 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 494.66 250.10 Td (certified ) Tj ET Q q 0 0 0 rg BT 530.70 250.10 Td (statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 238.10 Td (that ) Tj ET Q q 0 0 0 rg BT 61.29 238.10 Td (he ) Tj ET Q q 0 0 0 rg BT 74.01 238.10 Td (or ) Tj ET Q q 0 0 0 rg BT 85.63 238.10 Td (she ) Tj ET Q q 0 0 0 rg BT 102.25 238.10 Td (is ) Tj ET Q q 0 0 0 rg BT 112.21 238.10 Td (not ) Tj ET Q q 0 0 0 rg BT 128.28 238.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 159.90 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.97 238.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 207.57 238.10 Td (withholding; ) Tj ET Q q 0 0 0 rg BT 266.41 238.10 Td (or ) Tj ET Q q 0 0 0 rg BT 278.03 238.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 292.98 238.10 Td (fails ) Tj ET Q q 0 0 0 rg BT 313.49 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.56 238.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 358.40 238.10 Td (a ) Tj ET Q q 0 0 0 rg BT 366.12 238.10 Td (certified ) Tj ET Q q 0 0 0 rg BT 402.72 238.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 444.33 238.10 Td (that ) Tj ET Q q 0 0 0 rg BT 462.62 238.10 Td (he ) Tj ET Q q 0 0 0 rg BT 475.35 238.10 Td (or ) Tj ET Q q 0 0 0 rg BT 486.97 238.10 Td (she ) Tj ET Q q 0 0 0 rg BT 503.59 238.10 Td (is ) Tj ET Q q 0 0 0 rg BT 513.55 238.10 Td (a ) Tj ET Q q 0 0 0 rg BT 521.28 238.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 542.35 238.10 Td (person ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 226.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 86.39 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 93.12 226.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 113.19 226.10 Td (resident ) Tj ET Q q 0 0 0 rg BT 147.13 226.10 Td (alien\). ) Tj ET Q q 0 0 0 rg BT 174.51 226.10 Td (The ) Tj ET Q q 0 0 0 rg BT 192.35 226.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 223.51 226.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 274.13 226.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 291.40 226.10 Td (is ) Tj ET Q q 0 0 0 rg BT 300.36 226.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 338.74 226.10 Td (24%. ) Tj ET Q q 0 0 0 rg BT 361.86 226.10 Td (Backup ) Tj ET Q q 0 0 0 rg BT 394.69 226.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 445.31 226.10 Td (is ) Tj ET Q q 0 0 0 rg BT 454.27 226.10 Td (not ) Tj ET Q q 0 0 0 rg BT 469.33 226.10 Td (an ) Tj ET Q q 0 0 0 rg BT 481.06 226.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 523.33 226.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 537.84 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 554.56 226.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 214.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 79.91 214.10 Td (withheld ) Tj ET Q q 0 0 0 rg BT 117.93 214.10 Td (may ) Tj ET Q q 0 0 0 rg BT 138.17 214.10 Td (be ) Tj ET Q q 0 0 0 rg BT 150.64 214.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 185.86 214.10 Td (against ) Tj ET Q q 0 0 0 rg BT 217.21 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.46 214.10 Td (shareholder) Tj ET Q q 0 0 0 rg BT 279.47 214.10 Td () Tj ET Q q 0 0 0 rg BT 282.25 214.10 Td (s ) Tj ET Q q 0 0 0 rg BT 289.17 214.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 324.96 214.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 345.77 214.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 361.01 214.10 Td (liability) Tj ET Q q 0 0 0 rg BT 391.47 214.10 Td (. ) Tj ET Q q 0 0 0 rg BT 396.99 214.10 Td (Backup ) Tj ET Q q 0 0 0 rg BT 430.57 214.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 481.93 214.10 Td (will ) Tj ET Q q 0 0 0 rg BT 500.51 214.10 Td (not ) Tj ET Q q 0 0 0 rg BT 516.31 214.10 Td (be ) Tj ET Q q 0 0 0 rg BT 528.77 214.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 561.23 214.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 202.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 83.72 202.10 Td (that ) Tj ET Q q 0 0 0 rg BT 101.10 202.10 Td (have ) Tj ET Q q 0 0 0 rg BT 122.37 202.10 Td (been ) Tj ET Q q 0 0 0 rg BT 143.64 202.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 174.36 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.53 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.14 202.10 Td (30% ) Tj ET Q q 0 0 0 rg BT 219.86 202.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 270.58 202.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 285.19 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 297.58 202.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 350.51 202.10 Td (who ) Tj ET Q q 0 0 0 rg BT 370.13 202.10 Td (are ) Tj ET Q q 0 0 0 rg BT 384.72 202.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 414.88 202.10 Td (citizens ) Tj ET Q q 0 0 0 rg BT 447.81 202.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 463.54 202.10 Td (permanent ) Tj ET Q q 0 0 0 rg BT 508.13 202.10 Td (residents ) Tj ET Q q 0 0 0 rg BT 546.07 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 556.79 202.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 190.10 Td (United ) Tj ET Q q 0 0 0 rg BT 72.72 190.10 Td (States. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 170.76699218750002 m 128.9130859375 170.76699218750002 l s q 0 0 0 rg BT 43.00 172.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 76.71 172.10 Td (Shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.91 172.10 Td (. ) Tj ET Q q 0 0 0 rg BT 133.44 172.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 153.26 172.10 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 191.97 172.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 230.67 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.05 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.86 172.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 279.02 172.10 Td (may ) Tj ET Q q 0 0 0 rg BT 298.84 172.10 Td (be ) Tj ET Q q 0 0 0 rg BT 310.87 172.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 341.80 172.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.17 172.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 372.55 172.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 423.49 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.52 172.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 465.88 172.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 480.70 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.73 172.10 Td (are ) Tj ET Q q 0 0 0 rg BT 512.54 172.10 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 561.22 172.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 160.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 76.17 160.10 Td (their ) Tj ET Q q 0 0 0 rg BT 98.77 160.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 115.27 160.10 Td (advisors ) Tj ET Q q 0 0 0 rg BT 152.88 160.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 176.60 160.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.66 160.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 229.60 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.66 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.16 160.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 285.50 160.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 320.89 160.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 375.71 160.10 Td (\() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 379.04 160.10 Td (i.e.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.25 160.10 Td (, ) Tj ET Q q 0 0 0 rg BT 398.03 160.10 Td (nonresident ) Tj ET Q q 0 0 0 rg BT 448.97 160.10 Td (alien ) Tj ET Q q 0 0 0 rg BT 472.68 160.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 521.41 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.13 160.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 148.10 Td (corporations, ) Tj ET Q q 0 0 0 rg BT 98.21 148.10 Td (partnerships, ) Tj ET Q q 0 0 0 rg BT 152.32 148.10 Td (trusts ) Tj ET Q q 0 0 0 rg BT 176.71 148.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.88 148.10 Td (estates\) ) Tj ET Q q 0 0 0 rg BT 226.59 148.10 Td (are ) Tj ET Q q 0 0 0 rg BT 241.53 148.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 281.45 148.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 312.51 148.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.01 148.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 343.52 148.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 394.58 148.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 409.53 148.10 Td (at ) Tj ET Q q 0 0 0 rg BT 419.47 148.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.42 148.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 452.13 148.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.19 148.10 Td (30% ) Tj ET Q q 0 0 0 rg BT 484.24 148.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 498.63 148.10 Td (a ) Tj ET Q q 0 0 0 rg BT 505.80 148.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 531.29 148.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 546.23 148.10 Td (treaty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 136.10 Td (rate\) ) Tj ET Q q 0 0 0 rg BT 63.87 136.10 Td (on ) Tj ET Q q 0 0 0 rg BT 76.43 136.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 129.00 136.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 161.54 136.10 Td (from ) Tj ET Q q 0 0 0 rg BT 183.54 136.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 214.97 136.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 251.40 136.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 285.71 136.10 Td (The ) Tj ET Q q 0 0 0 rg BT 303.82 136.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 326.94 136.10 Td (may) Tj ET Q q 0 0 0 rg BT 343.50 136.10 Td (, ) Tj ET Q q 0 0 0 rg BT 348.56 136.10 Td (under ) Tj ET Q q 0 0 0 rg BT 373.89 136.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 403.65 136.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 465.35 136.10 Td (report ) Tj ET Q q 0 0 0 rg BT 491.78 136.10 Td (all ) Tj ET Q q 0 0 0 rg BT 504.34 136.10 Td (or ) Tj ET Q q 0 0 0 rg BT 515.23 136.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.22 136.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 553.67 136.10 Td (of ) Tj ET Q q 0 0 0 rg BT 564.56 136.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 124.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 80.61 124.10 Td (as ) Tj ET Q q 0 0 0 rg BT 91.55 124.10 Td (an ) Tj ET Q q 0 0 0 rg BT 103.60 124.10 Td (interest-related ) Tj ET Q q 0 0 0 rg BT 170.62 124.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 212.66 124.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.61 124.10 Td (a ) Tj ET Q q 0 0 0 rg BT 230.66 124.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 279.36 124.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 308.63 124.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 328.45 124.10 Td (dividend, ) Tj ET Q q 0 0 0 rg BT 373.00 124.10 Td (which ) Tj ET Q q 0 0 0 rg BT 400.05 124.10 Td (would ) Tj ET Q q 0 0 0 rg BT 427.66 124.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 467.48 124.10 Td (be ) Tj ET Q q 0 0 0 rg BT 479.53 124.10 Td (exempt ) Tj ET Q q 0 0 0 rg BT 511.57 124.10 Td (from ) Tj ET Q q 0 0 0 rg BT 533.63 124.10 Td (this ) Tj ET Q q 0 0 0 rg BT 550.69 124.10 Td (30% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 112.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 63.11 112.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 113.76 112.10 Td (tax, ) Tj ET Q q 0 0 0 rg BT 130.80 112.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 168.67 112.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 198.20 112.10 Td (other ) Tj ET Q q 0 0 0 rg BT 221.07 112.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 275.60 112.10 Td (are ) Tj ET Q q 0 0 0 rg BT 290.13 112.10 Td (met. ) Tj ET Q q 0 0 0 rg BT 309.94 112.10 Td (Short-term ) Tj ET Q q 0 0 0 rg BT 355.59 112.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 384.57 112.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 404.11 112.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 445.32 112.10 Td (received ) Tj ET Q q 0 0 0 rg BT 481.50 112.10 Td (by ) Tj ET Q q 0 0 0 rg BT 493.83 112.10 Td (a ) Tj ET Q q 0 0 0 rg BT 500.59 112.10 Td (nonresident ) Tj ET Q q 0 0 0 rg BT 549.57 112.10 Td (alien ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 100.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 86.48 100.10 Td (who ) Tj ET Q q 0 0 0 rg BT 106.62 100.10 Td (is ) Tj ET Q q 0 0 0 rg BT 116.22 100.10 Td (present ) Tj ET Q q 0 0 0 rg BT 148.02 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.72 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.86 100.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 194.57 100.10 Td (for ) Tj ET Q q 0 0 0 rg BT 209.16 100.10 Td (a ) Tj ET Q q 0 0 0 rg BT 216.52 100.10 Td (period ) Tj ET Q q 0 0 0 rg BT 244.99 100.10 Td (or ) Tj ET Q q 0 0 0 rg BT 256.25 100.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 288.61 100.10 Td (aggregating ) Tj ET Q q 0 0 0 rg BT 338.74 100.10 Td (183 ) Tj ET Q q 0 0 0 rg BT 356.66 100.10 Td (days ) Tj ET Q q 0 0 0 rg BT 377.92 100.10 Td (or ) Tj ET Q q 0 0 0 rg BT 389.17 100.10 Td (more ) Tj ET Q q 0 0 0 rg BT 412.64 100.10 Td (during ) Tj ET Q q 0 0 0 rg BT 441.68 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.82 100.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 488.62 100.10 Td (year ) Tj ET Q q 0 0 0 rg BT 508.75 100.10 Td (are ) Tj ET Q q 0 0 0 rg BT 523.88 100.10 Td (not ) Tj ET Q q 0 0 0 rg BT 539.58 100.10 Td (exempt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 88.10 Td (from ) Tj ET Q q 0 0 0 rg BT 64.78 88.10 Td (this ) Tj ET Q q 0 0 0 rg BT 81.57 88.10 Td (30% ) Tj ET Q q 0 0 0 rg BT 102.25 88.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 152.92 88.10 Td (tax. ) Tj ET Q q 0 0 0 rg BT 169.98 88.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.33 88.10 Td (Gains ) Tj ET Q q 0 0 0 rg BT 198.00 88.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 231.98 88.10 Td (by ) Tj ET Q q 0 0 0 rg BT 244.32 88.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 275.54 88.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 328.42 88.10 Td (from ) Tj ET Q q 0 0 0 rg BT 350.21 88.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.76 88.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 382.65 88.10 Td (or ) Tj ET Q q 0 0 0 rg BT 393.33 88.10 Td (other ) Tj ET Q q 0 0 0 rg BT 416.22 88.10 Td (disposition ) Tj ET Q q 0 0 0 rg BT 462.46 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.13 88.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 502.13 88.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 541.68 88.10 Td (are ) Tj ET Q q 0 0 0 rg BT 556.23 88.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 76.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 74.42 76.10 Td (to ) Tj ET Q q 0 0 0 rg BT 85.29 76.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 106.16 76.10 Td (taxation, ) Tj ET Q q 0 0 0 rg BT 143.97 76.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 172.06 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.37 76.10 Td (recipient ) Tj ET Q q 0 0 0 rg BT 225.44 76.10 Td (is ) Tj ET Q q 0 0 0 rg BT 235.20 76.10 Td (an ) Tj ET Q q 0 0 0 rg BT 247.73 76.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 291.38 76.10 Td (who ) Tj ET Q q 0 0 0 rg BT 311.69 76.10 Td (is ) Tj ET Q q 0 0 0 rg BT 321.46 76.10 Td (physically ) Tj ET Q q 0 0 0 rg BT 365.65 76.10 Td (present ) Tj ET Q q 0 0 0 rg BT 397.62 76.10 Td (in ) Tj ET Q q 0 0 0 rg BT 408.49 76.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.80 76.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 444.68 76.10 Td (for ) Tj ET Q q 0 0 0 rg BT 459.43 76.10 Td (183 ) Tj ET Q q 0 0 0 rg BT 477.52 76.10 Td (days ) Tj ET Q q 0 0 0 rg BT 498.94 76.10 Td (or ) Tj ET Q q 0 0 0 rg BT 510.36 76.10 Td (more ) Tj ET Q q 0 0 0 rg BT 534.00 76.10 Td (per ) Tj ET Q q 0 0 0 rg BT 549.86 76.10 Td (year) Tj ET Q q 0 0 0 rg BT 566.52 76.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 64.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 76.25 64.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 128.93 64.10 Td (who ) Tj ET Q q 0 0 0 rg BT 148.29 64.10 Td (fail ) Tj ET Q q 0 0 0 rg BT 163.75 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.67 64.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 206.36 64.10 Td (an ) Tj ET Q q 0 0 0 rg BT 217.94 64.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 261.17 64.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 278.87 64.10 Td (form ) Tj ET Q q 0 0 0 rg BT 300.45 64.10 Td (may ) Tj ET Q q 0 0 0 rg BT 319.80 64.10 Td (be ) Tj ET Q q 0 0 0 rg BT 331.38 64.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 361.85 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.77 64.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 402.78 64.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 453.26 64.10 Td (on ) Tj ET Q q 0 0 0 rg BT 465.40 64.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 494.74 64.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 535.21 64.10 Td (from ) Tj ET Q q 0 0 0 rg BT 556.78 64.10 Td (the ) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 46.60 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 742.10 Td (Fund. ) Tj ET Q q 0 0 0 rg BT 68.66 742.10 Td (Backup ) Tj ET Q q 0 0 0 rg BT 101.81 742.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 152.74 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 170.90 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 186.27 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 198.31 742.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 230.34 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.72 742.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 281.65 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 299.24 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 314.05 742.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 344.97 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.35 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.16 742.10 Td (30% ) Tj ET Q q 0 0 0 rg BT 391.09 742.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 405.35 742.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 430.72 742.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 474.41 742.10 Td (treaty ) Tj ET Q q 0 0 0 rg BT 499.77 742.10 Td (rate\) ) Tj ET Q q 0 0 0 rg BT 520.69 742.10 Td (withholding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 58.19 730.10 Td (described ) Tj ET Q q 0 0 0 rg BT 99.47 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.22 730.10 Td (this ) Tj ET Q q 0 0 0 rg BT 127.64 730.10 Td (paragraph. ) Tj ET Q q 0 0 0 rg BT 173.09 730.10 Td (Dif) Tj ET Q q 0 0 0 rg BT 186.24 730.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 212.53 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 227.71 730.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 285.66 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 305.85 730.10 Td (result ) Tj ET Q q 0 0 0 rg BT 331.04 730.10 Td (if ) Tj ET Q q 0 0 0 rg BT 340.12 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.30 730.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 387.15 730.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 436.77 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 446.41 730.10 Td (engaged ) Tj ET Q q 0 0 0 rg BT 482.70 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.45 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 500.86 730.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 523.81 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 535.11 730.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 718.10 Td (within ) Tj ET Q q 0 0 0 rg BT 71.06 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.78 718.10 Td (United ) Tj ET Q q 0 0 0 rg BT 115.50 718.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 144.39 718.10 Td (In ) Tj ET Q q 0 0 0 rg BT 155.22 718.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 193.00 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.71 718.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 222.43 718.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 279.91 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.19 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.13 718.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 328.51 718.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 377.66 718.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 410.15 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.43 718.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 445.15 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.87 718.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 494.03 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.86 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 511.80 718.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 526.52 718.10 Td (treaty ) Tj ET Q q 0 0 0 rg BT 551.78 718.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 54.94 706.10 Td (dif) Tj ET Q q 0 0 0 rg BT 65.87 706.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 91.68 706.10 Td (than ) Tj ET Q q 0 0 0 rg BT 111.40 706.10 Td (those ) Tj ET Q q 0 0 0 rg BT 135.01 706.10 Td (described ) Tj ET Q q 0 0 0 rg BT 175.82 706.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 204.70 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 688.10 Td (Unless ) Tj ET Q q 0 0 0 rg BT 72.26 688.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 101.50 688.10 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 139.65 688.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 170.57 688.10 Td (that ) Tj ET Q q 0 0 0 rg BT 187.61 688.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 207.42 688.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 236.12 688.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 268.16 688.10 Td (with ) Tj ET Q q 0 0 0 rg BT 287.97 688.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 305.57 688.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 359.81 688.10 Td (that ) Tj ET Q q 0 0 0 rg BT 376.85 688.10 Td (will ) Tj ET Q q 0 0 0 rg BT 394.44 688.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 433.68 688.10 Td (require ) Tj ET Q q 0 0 0 rg BT 464.04 688.10 Td (them ) Tj ET Q q 0 0 0 rg BT 486.07 688.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.89 688.10 Td (report ) Tj ET Q q 0 0 0 rg BT 521.80 688.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 676.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 83.81 676.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 104.09 676.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 137.14 676.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 176.31 676.10 Td (in, ) Tj ET Q q 0 0 0 rg BT 189.08 676.10 Td (or ) Tj ET Q q 0 0 0 rg BT 199.91 676.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 232.96 676.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 270.45 676.10 Td (with, ) Tj ET Q q 0 0 0 rg BT 293.22 676.10 Td (such ) Tj ET Q q 0 0 0 rg BT 314.05 676.10 Td (entities, ) Tj ET Q q 0 0 0 rg BT 347.93 676.10 Td (a ) Tj ET Q q 0 0 0 rg BT 354.87 676.10 Td (30% ) Tj ET Q q 0 0 0 rg BT 375.69 676.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 426.53 676.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 441.24 676.10 Td (may ) Tj ET Q q 0 0 0 rg BT 460.95 676.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 485.67 676.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.94 676.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 519.00 676.10 Td (distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 664.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 76.12 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 85.93 664.10 Td (such ) Tj ET Q q 0 0 0 rg BT 106.29 664.10 Td (entities. ) Tj ET Q q 0 0 0 rg BT 139.25 664.10 Td (A) Tj ET Q q 0 0 0 rg BT 145.92 664.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.95 664.10 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 186.09 664.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 234.77 664.10 Td (may ) Tj ET Q q 0 0 0 rg BT 254.01 664.10 Td (be ) Tj ET Q q 0 0 0 rg BT 265.48 664.10 Td (exempt ) Tj ET Q q 0 0 0 rg BT 296.94 664.10 Td (from ) Tj ET Q q 0 0 0 rg BT 318.41 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.65 664.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 383.02 664.10 Td (described ) Tj ET Q q 0 0 0 rg BT 423.36 664.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.17 664.10 Td (this ) Tj ET Q q 0 0 0 rg BT 449.65 664.10 Td (paragraph ) Tj ET Q q 0 0 0 rg BT 491.65 664.10 Td (under ) Tj ET Q q 0 0 0 rg BT 516.45 664.10 Td (an ) Tj ET Q q 0 0 0 rg BT 527.92 664.10 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 652.10 Td (inter) Tj ET Q q 0 0 0 rg BT 61.14 652.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 118.87 652.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 163.25 652.10 Td (between ) Tj ET Q q 0 0 0 rg BT 199.31 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.27 652.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 234.80 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.98 652.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.16 652.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 290.78 652.10 Td (government, ) Tj ET Q q 0 0 0 rg BT 343.79 652.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 382.08 652.10 Td (that ) Tj ET Q q 0 0 0 rg BT 399.82 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.78 652.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 464.16 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.35 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.31 652.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 540.14 652.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 640.10 Td (government ) Tj ET Q q 0 0 0 rg BT 93.26 640.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 125.76 640.10 Td (with ) Tj ET Q q 0 0 0 rg BT 146.04 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.75 640.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 185.47 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.30 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.02 640.10 Td (agreement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 622.10 Td (For ) Tj ET Q q 0 0 0 rg BT 58.79 622.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 89.57 622.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 142.00 622.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.68 622.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 181.90 622.10 Td (for ) Tj ET Q q 0 0 0 rg BT 195.46 622.10 Td (an ) Tj ET Q q 0 0 0 rg BT 206.80 622.10 Td (exemption ) Tj ET Q q 0 0 0 rg BT 250.91 622.10 Td (from ) Tj ET Q q 0 0 0 rg BT 272.24 622.10 Td (backup ) Tj ET Q q 0 0 0 rg BT 303.02 622.10 Td (withholding, ) Tj ET Q q 0 0 0 rg BT 355.75 622.10 Td (described ) Tj ET Q q 0 0 0 rg BT 395.97 622.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 424.24 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.36 622.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 469.13 622.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 517.68 622.10 Td (must ) Tj ET Q q 0 0 0 rg BT 539.02 622.10 Td (comply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 610.10 Td (with ) Tj ET Q q 0 0 0 rg BT 63.28 610.10 Td (special ) Tj ET Q q 0 0 0 rg BT 93.54 610.10 Td (certification ) Tj ET Q q 0 0 0 rg BT 144.35 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.29 610.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 185.45 610.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 242.65 610.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 276.26 610.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 329.30 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.58 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.29 610.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 377.36 610.10 Td (should ) Tj ET Q q 0 0 0 rg BT 406.53 610.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 437.91 610.10 Td (their ) Tj ET Q q 0 0 0 rg BT 458.74 610.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 473.45 610.10 Td (advisors ) Tj ET Q q 0 0 0 rg BT 509.28 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.56 610.10 Td (this ) Tj ET Q q 0 0 0 rg BT 536.51 610.10 Td (regard. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 43 590.7669921875 m 146.44970703125 590.7669921875 l s q 0 0 0 rg BT 43.00 592.10 Td (T) Tj ET Q q 0 0 0 rg BT 48.41 592.10 Td (ax-Exempt ) Tj ET Q q 0 0 0 rg BT 94.24 592.10 Td (Shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.45 592.10 Td (. ) Tj ET Q q 0 0 0 rg BT 150.91 592.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 182.30 592.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 229.25 592.10 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 284.24 592.10 Td (including ) Tj ET Q q 0 0 0 rg BT 323.98 592.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 361.48 592.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 394.55 592.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 420.12 592.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 462.63 592.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 505.68 592.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 545.12 592.10 Td (salary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 580.10 Td (deferral ) Tj ET Q q 0 0 0 rg BT 76.92 580.10 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 136.12 580.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 165.62 580.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 192.06 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.34 580.10 Td (other ) Tj ET Q q 0 0 0 rg BT 232.72 580.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 280.54 580.10 Td (entities, ) Tj ET Q q 0 0 0 rg BT 314.76 580.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 354.80 580.10 Td (are ) Tj ET Q q 0 0 0 rg BT 369.84 580.10 Td (exempt ) Tj ET Q q 0 0 0 rg BT 402.11 580.10 Td (from ) Tj ET Q q 0 0 0 rg BT 424.39 580.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 454.98 580.10 Td (income ) Tj ET Q q 0 0 0 rg BT 487.25 580.10 Td (taxation ) Tj ET Q q 0 0 0 rg BT 522.30 580.10 Td (except ) Tj ET Q q 0 0 0 rg BT 551.23 580.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 568.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 73.48 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.41 568.10 Td (their ) Tj ET Q q 0 0 0 rg BT 103.90 568.10 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 143.26 568.10 Td (business ) Tj ET Q q 0 0 0 rg BT 179.31 568.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 210.34 568.10 Td (income ) Tj ET Q q 0 0 0 rg BT 241.94 568.10 Td (\(UBTI\). ) Tj ET Q q 0 0 0 rg BT 285.46 568.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 312.61 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.83 568.10 Td (T) Tj ET Q q 0 0 0 rg BT 332.24 568.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 343.36 568.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 362.46 568.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 409.60 568.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 440.64 568.10 Td (are ) Tj ET Q q 0 0 0 rg BT 455.01 568.10 Td (not ) Tj ET Q q 0 0 0 rg BT 469.95 568.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 510.43 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.37 568.10 Td (of) Tj ET Q q 0 0 0 rg BT 528.52 568.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 545.11 568.10 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 556.10 Td (from ) Tj ET Q q 0 0 0 rg BT 65.34 556.10 Td (one ) Tj ET Q q 0 0 0 rg BT 82.69 556.10 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 122.79 556.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 145.69 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 156.92 556.10 Td (business ) Tj ET Q q 0 0 0 rg BT 193.72 556.10 Td (against ) Tj ET Q q 0 0 0 rg BT 224.95 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.07 556.10 Td (income ) Tj ET Q q 0 0 0 rg BT 272.41 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 283.64 556.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 303.77 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.00 556.10 Td (another ) Tj ET Q q 0 0 0 rg BT 347.89 556.10 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 388.00 556.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 410.89 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 422.13 556.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 461.42 556.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 493.76 556.10 Td (net ) Tj ET Q q 0 0 0 rg BT 508.88 556.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 535.68 556.10 Td (incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 544.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 65.51 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 76.35 544.10 Td (January ) Tj ET Q q 0 0 0 rg BT 110.52 544.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 121.09 544.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 144.15 544.10 Td (are ) Tj ET Q q 0 0 0 rg BT 159.43 544.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 200.82 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.66 544.10 Td (of) Tj ET Q q 0 0 0 rg BT 219.81 544.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 237.32 544.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 257.60 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.11 544.10 Td (income ) Tj ET Q q 0 0 0 rg BT 307.61 544.10 Td (created ) Tj ET Q q 0 0 0 rg BT 339.54 544.10 Td (by ) Tj ET Q q 0 0 0 rg BT 352.61 544.10 Td (an ) Tj ET Q q 0 0 0 rg BT 365.12 544.10 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 405.39 544.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 428.44 544.10 Td (or ) Tj ET Q q 0 0 0 rg BT 439.84 544.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 479.30 544.10 Td (if ) Tj ET Q q 0 0 0 rg BT 488.47 544.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 530.42 544.10 Td (available. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 532.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 70.37 532.10 Td (current ) Tj ET Q q 0 0 0 rg BT 101.07 532.10 Td (law) Tj ET Q q 0 0 0 rg BT 114.86 532.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.74 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.34 532.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 157.29 532.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 196.87 532.10 Td (serves ) Tj ET Q q 0 0 0 rg BT 224.25 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.41 532.10 Td (block ) Tj ET Q q 0 0 0 rg BT 259.01 532.10 Td (UBTI ) Tj ET Q q 0 0 0 rg BT 284.72 532.10 Td (from ) Tj ET Q q 0 0 0 rg BT 306.54 532.10 Td (being ) Tj ET Q q 0 0 0 rg BT 331.14 532.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 365.16 532.10 Td (by ) Tj ET Q q 0 0 0 rg BT 377.55 532.10 Td (its ) Tj ET Q q 0 0 0 rg BT 389.38 532.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 436.74 532.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 489.66 532.10 Td (with ) Tj ET Q q 0 0 0 rg BT 509.82 532.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 540.52 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.68 532.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 520.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 71.47 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 83.29 520.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 107.33 520.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 142.75 520.10 Td (However) Tj ET Q q 0 0 0 rg BT 179.00 520.10 Td (, ) Tj ET Q q 0 0 0 rg BT 184.98 520.10 Td (notwithstanding ) Tj ET Q q 0 0 0 rg BT 252.91 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.61 520.10 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 313.47 520.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 361.93 520.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 415.95 520.10 Td (could ) Tj ET Q q 0 0 0 rg BT 441.65 520.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 471.77 520.10 Td (UBTI ) Tj ET Q q 0 0 0 rg BT 498.59 520.10 Td (by ) Tj ET Q q 0 0 0 rg BT 512.07 520.10 Td (virtue ) Tj ET Q q 0 0 0 rg BT 538.88 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.69 520.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 508.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 90.65 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.20 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.19 508.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 142.52 508.10 Td (if, ) Tj ET Q q 0 0 0 rg BT 154.90 508.10 Td (for ) Tj ET Q q 0 0 0 rg BT 170.33 508.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 210.48 508.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 223.69 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.67 508.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 264.01 508.10 Td (invests ) Tj ET Q q 0 0 0 rg BT 295.56 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.10 508.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 342.53 508.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 379.63 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.73 508.10 Td (Real ) Tj ET Q q 0 0 0 rg BT 413.82 508.10 Td (Estate ) Tj ET Q q 0 0 0 rg BT 442.03 508.10 Td (Mortgage ) Tj ET Q q 0 0 0 rg BT 484.68 508.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 532.88 508.10 Td (Conduits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 496.10 Td (\(REMICs\), ) Tj ET Q q 0 0 0 rg BT 99.28 496.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 114.19 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.09 496.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 152.34 496.10 Td (invests ) Tj ET Q q 0 0 0 rg BT 182.80 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 193.26 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 200.39 496.10 Td (REIT) Tj ET Q q 0 0 0 rg BT 222.42 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 225.11 496.10 Td (that ) Tj ET Q q 0 0 0 rg BT 242.79 496.10 Td (is ) Tj ET Q q 0 0 0 rg BT 252.15 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.27 496.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 290.83 496.10 Td (mortgage ) Tj ET Q q 0 0 0 rg BT 331.28 496.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 351.74 496.10 Td (\(TMP\) ) Tj ET Q q 0 0 0 rg BT 390.52 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 401.54 496.10 Td (that ) Tj ET Q q 0 0 0 rg BT 419.22 496.10 Td (has ) Tj ET Q q 0 0 0 rg BT 435.24 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 442.36 496.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 486.15 496.10 Td (that ) Tj ET Q q 0 0 0 rg BT 503.83 496.10 Td (is ) Tj ET Q q 0 0 0 rg BT 513.19 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 520.12 496.10 Td (TMP) Tj ET Q q 0 0 0 rg BT 540.31 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 543.00 496.10 Td (or ) Tj ET Q q 0 0 0 rg BT 554.01 496.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 484.10 Td (invests ) Tj ET Q q 0 0 0 rg BT 72.43 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 81.87 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.74 484.10 Td (residual ) Tj ET Q q 0 0 0 rg BT 129.05 484.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 160.14 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.12 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.22 484.10 Td (REMIC, ) Tj ET Q q 0 0 0 rg BT 212.04 484.10 Td (or ) Tj ET Q q 0 0 0 rg BT 222.03 484.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 238.68 484.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 266.99 484.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 307.53 484.10 Td (debt-financed ) Tj ET Q q 0 0 0 rg BT 364.16 484.10 Td (property ) Tj ET Q q 0 0 0 rg BT 399.69 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.12 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.00 484.10 Td (hands ) Tj ET Q q 0 0 0 rg BT 447.98 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.97 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.84 484.10 Td (tax-exempt ) Tj ET Q q 0 0 0 rg BT 518.47 484.10 Td (shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 472.10 Td (within ) Tj ET Q q 0 0 0 rg BT 70.77 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.20 472.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 121.84 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.38 472.10 Td (section ) Tj ET Q q 0 0 0 rg BT 162.92 472.10 Td (514\(b\) ) Tj ET Q q 0 0 0 rg BT 191.79 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.33 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.76 472.10 Td (Code. ) Tj ET Q q 0 0 0 rg BT 242.58 472.10 Td (Charitable ) Tj ET Q q 0 0 0 rg BT 286.44 472.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 329.18 472.10 Td (trusts ) Tj ET Q q 0 0 0 rg BT 353.06 472.10 Td (are ) Tj ET Q q 0 0 0 rg BT 367.48 472.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 398.02 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.00 472.10 Td (special ) Tj ET Q q 0 0 0 rg BT 437.98 472.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 459.63 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.28 472.10 Td (should ) Tj ET Q q 0 0 0 rg BT 505.16 472.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 536.26 472.10 Td (their ) Tj ET Q q 0 0 0 rg BT 556.79 472.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 460.10 Td (advisers. ) Tj ET Q q 0 0 0 rg BT 79.87 460.10 Td (The ) Tj ET Q q 0 0 0 rg BT 97.14 460.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 114.43 460.10 Td (has ) Tj ET Q q 0 0 0 rg BT 129.49 460.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 156.21 460.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 194.03 460.10 Td (with ) Tj ET Q q 0 0 0 rg BT 213.54 460.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 243.58 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.08 460.10 Td (these ) Tj ET Q q 0 0 0 rg BT 275.36 460.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 300.97 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.14 460.10 Td (prospective ) Tj ET Q q 0 0 0 rg BT 364.96 460.10 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 419.72 460.10 Td (especially ) Tj ET Q q 0 0 0 rg BT 461.43 460.10 Td (charitable ) Tj ET Q q 0 0 0 rg BT 502.57 460.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 544.83 460.10 Td (trusts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 43.00 448.10 Td (are ) Tj ET Q q 0 0 0 rg BT 57.71 448.10 Td (strongly ) Tj ET Q q 0 0 0 rg BT 92.99 448.10 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 141.57 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.85 448.10 Td (consult ) Tj ET Q q 0 0 0 rg BT 183.23 448.10 Td (with ) Tj ET Q q 0 0 0 rg BT 203.51 448.10 Td (their ) Tj ET Q q 0 0 0 rg BT 224.34 448.10 Td (tax ) Tj ET Q q 0 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Tz 0 TL q 0.4392156862745098 0.6784313725490196 0.2784313725490196 rg BT 72.00 690.65 Td (Introduction ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 671.45 Td (As an index designer and Adviser to ETFs, Beyond Investing seeks to promote its ethos of zero ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 658.25 Td (animal exploitation and environmentally and climate conscious investing through its proxy ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 645.05 Td (voting policies. As responsible investors, the proxy voting process is a critically important ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 631.85 Td (avenue through which shareholders can engage and influence management on a wide range of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 618.65 Td (important issues. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 599.45 Td (The proxy voting responsibilities entrusted to us are exercised in the best interests of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 586.25 Td (investors, but also the wider society in which we live and the planet we all inhabit. These ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 573.05 Td (policies have been designed with animal rights and avoiding environmental damage as our ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 559.85 Td (priority and secondarily social responsibility and governance best practice. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 540.65 Td (These policies have been developed in August 2018 in anticipation of the groups first ETF ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 527.45 Td (issue. They will be updated as needed as our fund range evolves. The Board of T) Tj ET Q q 0 0 0 rg BT 468.48 527.45 Td (rustees of any ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 514.25 Td (ETF to which we are Adviser will receive annual reports on how we are exercising our proxy ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 501.05 Td (voting duties. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 481.85 Td (The following P) Tj ET Q q 0 0 0 rg BT 147.86 481.85 Td (olicies indicate Beyond Investings positions on various issues of concern to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 468.65 Td (socially responsible investors and signal how the Funds will vote their shares on each issue. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 455.45 Td (The P) Tj ET Q q 0 0 0 rg BT 99.33 455.45 Td (olicies have been developed to ensure consistency with the Screening P) Tj ET Q q 0 0 0 rg BT 453.05 455.45 Td (olicies applied to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 442.25 Td (create our Indices and social responsibility and governance best practice. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 423.05 Td (Beyond Investing reserves the right to vote in a contrary fashion to these P) Tj ET Q q 0 0 0 rg BT 441.61 423.05 Td (olicies in ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 409.85 Td (exceptional circumstances, and in each of those cases the rationale for such an over-ride will ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 396.65 Td (be published. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 377.45 Td (These Guidelines are subject to change without notice.) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 60.60 Td (A-4) Tj ET Q BT /F6 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.4392156862745098 0.6784313725490196 0.2784313725490196 rg BT 72.00 710.45 Td (RA) Tj ET Q q 0.4392156862745098 0.6784313725490196 0.2784313725490196 rg BT 85.97 710.45 Td (TIONALE GUIDING BEYOND ADVISORS PROXY) Tj ET Q q 0.4392156862745098 0.6784313725490196 0.2784313725490196 rg BT 344.64 710.45 Td ( VOTING ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 691.25 Td (Whilst understanding the long-term objectives of Beyond Investings Fund investors in terms ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 678.05 Td (of financial risk and returns, Beyond Investing, as advertised to its investors, places animal ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 664.85 Td (exploitation and avoidance of environmental damage at the core of its screening policies. It ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 651.65 Td (would therefore be inconsistent to not give this issue the highest priority in its proxy voting. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 632.45 Td (Beyond Investing is also conscious that when corporations externalize their costs of doing ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 619.25 Td (business on society) Tj ET Q q 0 0 0 rg BT 164.57 619.25 Td (, a safer) Tj ET Q q 0 0 0 rg BT 204.02 619.25 Td (, cleaner) Tj ET Q q 0 0 0 rg BT 246.56 619.25 Td (, more equitable world is undermined. A) Tj ET Q q 0 0 0 rg BT 446.04 619.25 Td ( corporation that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 606.05 Td (delivers only short-term profits to its shareholders at the long-term expense of its employees, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 592.85 Td (the communities in which it operates, or the natural environment does not provide the long-) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 579.65 Td (term value that investors in Beyond Investings Funds are seeking to achieve through their ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 566.45 Td (investments. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 547.25 Td (Beyond Investing believes that it is possible for corporations to deliver long-term shareholder ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 534.05 Td (value in harmony with society and the natural environment. In fact, we believe that when ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 520.85 Td (corporations consider all stakeholders their performance improves. No corporate can focus ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 507.65 Td (solely on short-term gains, while damaging the environment, mistreating their employees, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 494.45 Td (taking advantage of their communities, and ignoring the needs of their customers. A) Tj ET Q q 0 0 0 rg BT 488.87 494.45 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 481.25 Td (corporation that intends to deliver value over the long term must effectively manage its ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 468.05 Td (relations with all its stakeholders. W) Tj ET Q q 0 0 0 rg BT 252.71 468.05 Td (e believe that those corporations that effectively manage ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 454.85 Td (towards this goal will deliver significant value to all stakeholders, including their ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 441.65 Td (shareholders. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 422.45 Td (As socially responsible investors, Beyond Investing considers that it has an obligation to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 409.25 Td (appropriately direct managements attention to the broader web of stakeholders upon which ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 396.05 Td (the corporation depends, and to focus on their impact on animals and the natural ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 382.85 Td (environment, on which we all depend. As shareholders our proxy votes provide the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 369.65 Td (opportunity to communicate our position to management and to act as a voice for animals, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 356.45 Td (the environment and the broader concerns of society) Tj ET Q q 0 0 0 rg BT 333.46 356.45 Td (. In the process, we believe we are ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 343.25 Td (building long-term shareholder value through promoting a cleaner and more compassionate ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 330.05 Td (world. ) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 60.60 Td (A-5) Tj ET Q BT /F6 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.4392156862745098 0.6784313725490196 0.2784313725490196 rg BT 72.00 710.45 Td (CORPORA) Tj ET Q q 0.4392156862745098 0.6784313725490196 0.2784313725490196 rg BT 126.08 710.45 Td (TE GOVERNANCE ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 694.05 Td (Annual Meetings - In-P) Tj ET Q q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 191.50 694.05 Td (erson Annual Meetings ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 671.85 Td (Beyond Investing affirms its view that face-to-face meetings are an essential part of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 658.65 Td (communication with management and will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 285.12 658.65 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 328.78 658.65 Td (resolutions asking directors to affirm the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 645.45 Td (continuation of in-person annual meetings, and ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 309.28 645.45 Td (reject) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 340.83 645.45 Td ( any move towards only offering virtual ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 632.25 Td (meetings. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 605.85 Td (Auditors - Independence ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 580.65 Td (R) Tj ET Q q 0 0 0 rg BT 77.96 580.65 Td (egarding the reappointment of the companys auditor we will support reappointment unless ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 567.45 Td (we have reason to believe that the independence of the audit may be compromised. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 554.25 Td (Significant non-audit fees can compromise the independence of the audit. Therefore, we will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 541.05 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 112.14 541.05 Td (the appointment of auditors where non-audit fees, such as consulting fees, represent ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 527.85 Td (more than 20% of the total fees paid to the auditor) Tj ET Q q 0 0 0 rg BT 323.09 527.85 Td (, where such data is available \(including ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 514.65 Td (audit-related fees and tax compliance/preparation fees in our calculation of audit fees.\) ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 492.45 Td (In addition, we will review on a ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 231.56 492.45 Td (case-by-case ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 301.80 492.45 Td (basis the appointment of auditors who have a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 479.25 Td (significant professional or personal relationship with the company management, or where ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 466.05 Td (there is reason to believe that the auditor has rendered an inaccurate opinion. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 443.85 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 443.85 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 443.85 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 154.97 443.85 Td (shareholder proposals asking companies to adopt a policy to ensure that the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 430.65 Td (firm that is appointed to be the companys independent accountants will only provide audit ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 417.45 Td (services to the company and not provide any other services. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 395.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 395.25 Td (e will also ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 134.00 395.25 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 177.66 395.25 Td (shareholder proposals that set a reasonable period for mandatory ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 382.05 Td (rotation of the auditor \(at least every five years\). ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 359.85 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 359.85 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 359.85 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 154.97 359.85 Td (shareholder proposals asking companies to place the ratification of auditors ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 346.65 Td (on the agenda. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 320.25 Td (Audit Committee Accountability ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 295.05 Td (The Audit Committee is ultimately responsible for the companys internal financial reporting ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 281.85 Td (controls, and for addressing problems when they arise. W) Tj ET Q q 0 0 0 rg BT 356.01 281.85 Td (e will generally oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 268.65 Td (reappointment of audit committee members in the following circumstances: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 246.45 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 246.45 Td (where the audit committee has approved an audit contract where non-audit fees ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 233.25 Td (exceed audit fees. ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 220.05 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 220.05 Td (where companies have ineffective internal controls, a history of accounting problems, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 206.85 Td (or significant recent management problems.) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 193.65 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 193.65 Td (R) Tj ET Q q 0 0 0 rg BT 113.96 193.65 Td (emoval of auditor ratification from the ballot.) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 167.25 Td (Board of Directors - Accountability ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 142.05 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 142.05 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 142.05 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 151.44 142.05 Td (individual directors who have demonstrated disregard for their responsibilities ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 128.85 Td (to shareholders and other stakeholders. For example, we will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 379.06 128.85 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 419.20 128.85 Td (directors who have ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 115.65 Td (attended less than 75% of board and committee meetings without a valid excuse or who have ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 102.45 Td (ignored a shareholder proposal that received majority support in the previous year) Tj ET Q q 0 0 0 rg BT 480.11 102.45 Td (. W) Tj ET Q q 0 0 0 rg BT 496.33 102.45 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 89.25 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 112.14 89.25 Td (individual directors, committees, or the entire slate for material failures of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 76.05 Td (governance, stewardship, risk management or violation of other fiduciary responsibilities to ) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 60.60 Td (A-6) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (the company) Tj ET Q q 0 0 0 rg BT 134.17 711.90 Td (, including failure to adequately address serious social or environmental risks or ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (impacts. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 676.50 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 676.50 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 676.50 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 151.44 676.50 Td (the entire board slate \(except for new nominees\) in cases where the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 663.30 Td (director\(s\) receive more than 50% withhold votes out of those cast and the underlying cause ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 650.10 Td (of the high level of withhold votes in any prior election has not been addressed. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 626.70 Td (Board of Directors - Composition ) Tj ET Q BT /F8 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 610.30 Td (Diversity ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 588.10 Td (T) Tj ET Q q 0 0 0 rg BT 77.12 588.10 Td (ypically) Tj ET Q q 0 0 0 rg BT 113.60 588.10 Td (, a board committee selects nominees for the board, and they run unopposed. If the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 574.90 Td (board does not include at least 25% women, we will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 331.47 574.90 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 371.60 574.90 Td (the boards nominees. In ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 561.70 Td (addition, if 15% of the board is not represented by women we will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 401.87 561.70 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 442.01 561.70 Td (the members of the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 548.50 Td (nominating committee. If the boards overall race and ethnicity balance does not represent ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 535.30 Td (adequately its workforce and the wider society which is serves, we will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 427.89 535.30 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 468.03 535.30 Td (the boards ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 522.10 Td (nominees. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 499.90 Td (R) Tj ET Q q 0 0 0 rg BT 77.96 499.90 Td (esolutions calling on Boards to make greater efforts to search for qualified female and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 486.70 Td (minority candidates for nomination to the board of directors, to increase diversity on their ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 473.50 Td (boards will be ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 144.55 473.50 Td (supported) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 197.49 473.50 Td (. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 450.10 Td (Independence ) Tj ET Q BT /F8 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 433.70 Td (Majority of Independent Directors ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 411.50 Td (It is in the best interest of all stockholders that a majority of board members be independent. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 398.30 Td (NYSE and Nasdaq listing standards require that most listed companies have majority-) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 385.10 Td (independent boards. W) Tj ET Q q 0 0 0 rg BT 186.11 385.10 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 216.55 385.10 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 256.69 385.10 Td (insiders and affiliated outsiders on boards without a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 371.90 Td (majority of independent directors. W) Tj ET Q q 0 0 0 rg BT 256.07 371.90 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 286.51 371.90 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 330.17 371.90 Td (shareholder resolutions asking ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 358.70 Td (management to amend company bylaws to ensure that the board has a majority or a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 345.50 Td (supermajority \(two thirds or three quarters\) of independent directors. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 319.10 Td (Independent Chair ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 293.90 Td (T) Tj ET Q q 0 0 0 rg BT 77.02 293.90 Td (o ensure that the board represents the interests of the shareholders and is able to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 280.70 Td (effectively monitor and evaluate the CEO and other top officers, we believe the position of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 267.50 Td (chair of the board should be held by an independent director) Tj ET Q q 0 0 0 rg BT 372.92 267.50 Td (. W) Tj ET Q q 0 0 0 rg BT 389.14 267.50 Td (e will therefore ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 469.78 267.50 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 509.92 267.50 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 254.30 Td (chair of the board if that person is not independent. W) Tj ET Q q 0 0 0 rg BT 343.51 254.30 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 373.95 254.30 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 417.61 254.30 Td (shareholder proposals to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 241.10 Td (separate the position of chair and CEO, and proposals that request that the position of chair ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 227.90 Td (be held by an independent director who has not served as CEO. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 201.50 Td (Independence of Key Committees ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 176.30 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 176.30 Td (e believe that it is critical to the protection of shareholder interests that certain key ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 163.10 Td (committees, such as the audit committee, the nominating committee, the compensation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 149.90 Td (committee, and the corporate governance committee, be composed entirely of independent ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 136.70 Td (directors. W) Tj ET Q q 0 0 0 rg BT 132.20 136.70 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 162.64 136.70 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 202.78 136.70 Td (inside directors and affiliated outside directors nominated to these ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 123.50 Td (committees. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 101.30 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 101.30 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 101.30 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 154.97 101.30 Td (shareholder resolutions requesting that these committees be composed ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 88.10 Td (exclusively of independent directors. ) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 60.60 Td (A-7) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 711.20 Td (Qualifications for Independence ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 689.00 Td (In determining the independence of board members, we use the definition developed by ISS, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 675.80 Td (as revised from time to time. ISS divides directors into three categories: Inside, Affiliated, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 662.60 Td (and Independent. T) Tj ET Q q 0 0 0 rg BT 167.24 662.60 Td (o be independent, a director must have no material connection to the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 649.40 Td (company other than his or her board seat. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 627.20 Td (Often, independent or outside directors are so only in that they are not employees of the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 614.00 Td (company) Tj ET Q q 0 0 0 rg BT 114.48 614.00 Td (. Their ties to management make them de facto insiders, and therefore their ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 600.80 Td (representation of the interests of external constituencies is minimal. Some shareholders have ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 587.60 Td (proposed that boards nominate independent directors subject to very strict criteria defining ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 574.40 Td (independent. W) Tj ET Q q 0 0 0 rg BT 161.67 574.40 Td (e will generally ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 240.92 574.40 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 284.58 574.40 Td (these resolutions, unless they impose particularly ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 561.20 Td (onerous or unreasonable requirements. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 537.80 Td (Over-Boarded Directors ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 515.60 Td (T) Tj ET Q q 0 0 0 rg BT 77.02 515.60 Td (o be an effective board member requires a certain time commitment. Whereas it is possible ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 502.40 Td (for directors to serve on more than one board, some directors overextend themselves by ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 489.20 Td (serving on a large number of boards. As a practice this often goes against the principles of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 476.00 Td (diversity) Tj ET Q q 0 0 0 rg BT 112.96 476.00 Td (, which we support as discussed previously) Tj ET Q q 0 0 0 rg BT 322.17 476.00 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 453.80 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 453.80 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 453.80 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 151.44 453.80 Td (directors who sit on more than three public company boards, or who are CEOs ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 440.60 Td (\(of a public or private for-profit company\) and sit on more than one public company boards ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 427.40 Td (besides their own. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 404.00 Td (Reduce Size ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 381.80 Td (Some shareholders have sought to reduce the size of boards as a cost-cutting measure. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 368.60 Td (However) Tj ET Q q 0 0 0 rg BT 113.38 368.60 Td (, the costs associated with boards are relatively small, and there is strength in ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 355.40 Td (diversity and the inclusion of more independent directors. W) Tj ET Q q 0 0 0 rg BT 372.53 355.40 Td (e will generally ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 451.78 355.40 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 491.92 355.40 Td (proposals ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 342.20 Td (to reduce the size of the board solely as a cost-cutting measure, where this can be ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 329.00 Td (determined. However we will generally ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 270.22 329.00 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 313.88 329.00 Td (proposals to limit the size of the board to a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 315.80 Td (reasonable number) Tj ET Q q 0 0 0 rg BT 164.87 315.80 Td (, such as 7-10. W) Tj ET Q q 0 0 0 rg BT 248.57 315.80 Td (e will take into consideration cultural norms in different ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 302.60 Td (geographies and board structures in making this assessment. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 280.40 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 280.40 Td (e will vote ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 136.27 280.40 Td (against ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 175.70 280.40 Td (proposals that give management the ability to alter the size of the board ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 267.20 Td (without shareholder approval. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 243.80 Td (Board of Directors - Cumulative V) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 263.38 243.80 Td (oting ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 221.60 Td (Cumulative voting allows shareholders to cast all of their votes for one nominee to the board. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 208.40 Td (Theoretically) Tj ET Q q 0 0 0 rg BT 135.87 208.40 Td (, it facilitates the election of dissidents to the board. In practice, however) Tj ET Q q 0 0 0 rg BT 504.40 208.40 Td (, it ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 195.20 Td (violates the principles of fairness and equity by granting minority shareholders a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 182.00 Td (disproportionate voice in running the company) Tj ET Q q 0 0 0 rg BT 301.30 182.00 Td (. W) Tj ET Q q 0 0 0 rg BT 317.52 182.00 Td (e will oppose bylaws requiring cumulative ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 168.80 Td (voting. W) Tj ET Q q 0 0 0 rg BT 118.54 168.80 Td (e will generally vote for the elimination of cumulative voting or against shareholder ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 155.60 Td (proposals to restore or provide for cumulative voting, unless we are voting at a controlled ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 142.40 Td (company \(insider voting power >50%\). ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 119.00 Td (Board of Directors - Director-Shareholder Dialogue ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 96.80 Td (Shareholders have asked that corporations establish an Office of the Board of Directors to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 83.60 Td (facilitate communication between non-management directors and shareholders. A) Tj ET Q q 0 0 0 rg BT 478.02 83.60 Td ( committee ) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 60.60 Td (A-8) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (of non-management directors would be responsible for the Office. W) Tj ET Q q 0 0 0 rg BT 412.44 711.90 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 442.87 711.90 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 486.54 711.90 Td (these ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 675.30 Td (Board of Directors - Establish Board Committee on Human Rights or ) Tj ET Q BT /F7 12.00 Tf ET q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 660.90 Td (Sustainability ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 638.70 Td (Shareholders have filed binding resolutions seeking the creation of a board committee on ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 625.50 Td (human rights or sustainability) Tj ET Q q 0 0 0 rg BT 216.89 625.50 Td (. W) Tj ET Q q 0 0 0 rg BT 233.11 625.50 Td (e believe that a properly constituted board committee ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 612.30 Td (focused on these issues would emphasize the role of human rights and sustainability on the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 599.10 Td (boards agenda and would help companies to more proactively address long-term risks caused ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 585.90 Td (by poor management of these issues. W) Tj ET Q q 0 0 0 rg BT 267.57 585.90 Td (e will generally ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 346.82 585.90 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 390.48 585.90 Td (these proposals. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 562.50 Td (Board of Directors - Indemnification ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 540.30 Td (A) Tj ET Q q 0 0 0 rg BT 77.88 540.30 Td ( board may use indemnification policies that go well beyond accepted norms to protect itself ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 527.10 Td (against shareholder actions in the wake of unsuccessful takeover attempts. W) Tj ET Q q 0 0 0 rg BT 456.68 527.10 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 487.12 527.10 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 513.90 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 490.50 Td (Board of Directors - Mandatory Share Ownership ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 468.30 Td (Shareholders have proposed that all directors should own stock in the company) Tj ET Q q 0 0 0 rg BT 462.23 468.30 Td (. In general, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 455.10 Td (directors should own stock in the companies on whose boards they sit. However) Tj ET Q q 0 0 0 rg BT 465.10 455.10 Td (, boards ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 441.90 Td (should not be restricted to those financially able to buy stock. W) Tj ET Q q 0 0 0 rg BT 392.91 441.90 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 423.34 441.90 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 463.48 441.90 Td (these ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 428.70 Td (resolutions. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 402.30 Td (Board of Directors - Director Elections ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 385.90 Td (Majority V) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 132.16 385.90 Td (ote Standard ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 360.70 Td (In practice, most corporations allow shareholders to approve board candidates as selected by ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 347.50 Td (the board, rather than to truly elect candidates from a pool of nominees. T) Tj ET Q q 0 0 0 rg BT 455.76 347.50 Td (o further ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 334.30 Td (democratize the election process, shareholders have requested that there be more director ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 321.10 Td (nominees than there are board seats to be filled during a board election. Such an ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 307.90 Td (arrangement would enhance the ability of shareholders to choose candidates who would more ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 294.70 Td (accurately represent their interests. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 272.50 Td (In addition, most U.S. corporations elect their directors based on a plurality vote standard. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 259.30 Td (Under this standard, a director will still be elected, even if 99.9% of shareholders withheld ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 246.10 Td (their vote. Shareholders have asked that boards of directors initiate a process to amend the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 232.90 Td (companys governance documents \(certificate of incorporation or bylaws\) to require that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 219.70 Td (directors be elected by a majority of votes cast at the annual meeting. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 197.50 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 197.50 Td (e will generally ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 160.12 197.50 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 203.78 197.50 Td (both binding and non-binding resolutions seeking to establish a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 184.30 Td (majority vote standard. W) Tj ET Q q 0 0 0 rg BT 201.46 184.30 Td (e will scrutinize binding resolutions more carefully to ensure that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 171.10 Td (the specific formulation is workable. For example, we will vote ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 389.27 171.10 Td (against ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 428.69 171.10 Td (such proposals if ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 157.90 Td (there is no carve-out for a plurality standard in contested elections. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 134.50 Td (Proxy Access ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 112.30 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 112.30 Td (e support the concept of proxy access, allowing shareholders access to the corporate ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 99.10 Td (proxy to nominate directors and will continue to support public policy proposals and ) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 60.60 Td (A-9) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (shareholder proposals seeking to achieve this important objective. W) Tj ET Q q 0 0 0 rg BT 413.90 711.90 Td (e will generally ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 493.15 711.90 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (management and shareholder proposals with the following features: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 676.50 Td ( ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 108.00 676.50 Td (Ownership threshold) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 210.87 676.50 Td (: maximum requirement not more than three percent \(3%\) of the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 663.30 Td (voting power; ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 650.10 Td ( ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 108.00 650.10 Td (Aggregation: ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 174.81 650.10 Td (minimal or no limits on the number of shareholders permitted to form a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 636.90 Td (nominating group; ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 623.70 Td ( ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 108.00 623.70 Td (Ownership duration) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 206.01 623.70 Td (: maximum requirement not longer than three \(3\) years of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 610.50 Td (continuous ownership for each member of the nominating group; ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 597.30 Td ( ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 108.00 597.30 Td (Cap) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 126.49 597.30 Td (: cap on nominees of generally twenty-five percent \(25%\) of the board. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 575.10 Td (W) Tj ET Q q 0 0 0 rg BT 116.87 575.10 Td (e believe these features constitute an emerging consensus among investors and will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 108.00 561.90 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 148.14 561.90 Td (proposals that set more restrictive conditions. W) Tj ET Q q 0 0 0 rg BT 389.15 561.90 Td (e will also vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 467.25 561.90 Td (for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 548.70 Td (shareholder proposals calling for the reimbursement of reasonable costs incurred in ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 535.50 Td (connection with nominating one or more candidates in a contested election. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 513.30 Td (Consistent with these policies, we will also vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 348.81 513.30 Td (against ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 390.69 513.30 Td (proposals that provide that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 500.10 Td (directors may be removed only for cause and will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 355.33 500.10 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 399.00 500.10 Td (proposals seeking to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 486.90 Td (promote the ability of shareholders to remove directors with or without cause. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1843137254901961 0.32941176470588235 0.5882352941176471 rg BT 108.00 463.50 Td (Board of Directors - Shareholder Advisory Board ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 108.00 441.30 Td (Shareholders have asked that corporations create a shareholder advisory board to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 428.10 Td (represent the owners views to the board. Boards with a sufficient number of outside ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 414.90 Td (directors should represent the interests of shareholders. W) Tj ET Q q 0 0 0 rg BT 399.25 414.90 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 429.69 414.90 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 469.83 414.90 Td (such ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 401.70 Td (resolutions in those cases where there are sufficient independent directors. Otherwise ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 388.50 Td (we shall ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 151.54 388.50 Td (support) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 191.89 388.50 Td ( those resolutions. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1843137254901961 0.32941176470588235 0.5882352941176471 rg BT 108.00 365.10 Td (Board of Directors - Staggered T) Tj ET Q q 0.1843137254901961 0.32941176470588235 0.5882352941176471 rg BT 279.47 365.10 Td (erms ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 108.00 342.90 Td (The annual election of all directors is considered a necessary part of maintaining ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 329.70 Td (accountability to shareholders. Many corporate governance activists also argue that a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 316.50 Td (classified board structure is frequently used as a takeover defense that may shelter an ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 303.30 Td (otherwise poorly performing company from a takeover that may be in shareholders ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 290.10 Td (best interests. W) Tj ET Q q 0 0 0 rg BT 191.53 290.10 Td (e are concerned, however) Tj ET Q q 0 0 0 rg BT 318.97 290.10 Td (, that the annual election of directors can ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 276.90 Td (have the unintended consequence of focusing the board on short- term results and, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 263.70 Td (more specifically) Tj ET Q q 0 0 0 rg BT 190.78 263.70 Td (, stock price, at the expense of the long-term interests of the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 250.50 Td (company) Tj ET Q q 0 0 0 rg BT 150.48 250.50 Td (. W) Tj ET Q q 0 0 0 rg BT 166.70 250.50 Td (e believe that short-term thinking is a significant and pervasive threat to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 237.30 Td (long-term shareholder value, and to society) Tj ET Q q 0 0 0 rg BT 323.16 237.30 Td (. A) Tj ET Q q 0 0 0 rg BT 335.78 237.30 Td ( classified board, while not an ideal ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 224.10 Td (structure, may help shield directors from the need to place quarterly results ahead of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 210.90 Td (long-term objectives. W) Tj ET Q q 0 0 0 rg BT 226.87 210.90 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 257.31 210.90 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 297.44 210.90 Td (resolutions to abolish staggered boards. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 187.50 Td (CEO Succession Planning ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 165.30 Td (As investors concerned about the long-term sustainability and viability of the companies we ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 152.10 Td (invest in, we believe it is critically important that large corporations have thoughtful plans in ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 138.90 Td (place when the need arises to replace the CEO. W) Tj ET Q q 0 0 0 rg BT 319.53 138.90 Td (e will therefore generally vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 473.95 138.90 Td (for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 492.96 138.90 Td (proposals ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 125.70 Td (seeking disclosure on the companys CEO succession plan. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 102.30 Td (Employee Benefits) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 295.70 60.60 Td (A-10) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 711.20 Td (Employee Benefits - Cash Balance Pension Plans ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 686.00 Td (In the late 1990s, many companies converted their pension plans from traditional defined ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 672.80 Td (benefit pension plans to cash-balance plans. Older workers can lose significant pension ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 659.60 Td (earnings if their traditional pension is replaced by a cash-balance plan that puts them on an ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 646.40 Td (equal earning footing with younger workers. Shareholders have asked companies to give ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 633.20 Td (employees the choice of either a defined benefit pension plan or a cash-balance plan. W) Tj ET Q q 0 0 0 rg BT 510.64 633.20 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 620.00 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 115.66 620.00 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 596.60 Td (Employee Compensation - Employee Stock Ownership Plans \(ESOPs\) ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 574.40 Td (In the expectation that companies fostering employee ownership will grow faster) Tj ET Q q 0 0 0 rg BT 472.44 574.40 Td (, attract and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 561.20 Td (retain higher-quality employees, create more employee wealth, and achieve sustained ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 548.00 Td (superior performance, shareholders have asked corporation to create and fund ESOPs, and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 534.80 Td (report on employee ownership. W) Tj ET Q q 0 0 0 rg BT 238.95 534.80 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 269.39 534.80 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 313.05 534.80 Td (these resolutions. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 508.40 Td (Executive and Director Compensation ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 492.00 Td (Reasonable Compensation ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 466.80 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 466.80 Td (e support reasonable compensation packages for managers and directors. In general, we do ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 453.60 Td (not regard the following as reasonable: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 431.40 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 431.40 Td (P) Tj ET Q q 0 0 0 rg BT 113.62 431.40 Td (ension plans for outside directors \(since they usually benefit from other plans\) ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 418.20 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 418.20 Td (Gold or silver parachute plans triggered by a takeover ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 405.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 405.00 Td (T) Tj ET Q q 0 0 0 rg BT 113.02 405.00 Td (otal compensation to outside directors exceeding $100,000 per year ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 391.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 391.80 Td (T) Tj ET Q q 0 0 0 rg BT 113.02 391.80 Td (otal compensation to chief executive officers exceeding $10,000,000 per year ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 378.60 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 378.60 Td (Salary of C-suite members in excess of 50X the average US-based paid full-time ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 365.40 Td (employee.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 343.20 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 343.20 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 343.20 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 151.44 343.20 Td (resolutions proposing these or similar compensation schemes. In addition, we ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 330.00 Td (will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 93.12 330.00 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 136.79 330.00 Td (resolutions calling for companies to review and report on executive ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 316.80 Td (compensation. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 294.60 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 294.60 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 294.60 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 151.44 294.60 Td (directors serving on the compensation committee where there is evidence ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 281.40 Td (that they have not taken steps to address issues of excessive executive or director ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 268.20 Td (compensation or other problematic practices, such as options backdating, or have failed to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 255.00 Td (provide investors with adequate disclosure regarding executive and director compensation. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 232.80 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 232.80 Td (e will generally vote ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 185.08 232.80 Td (for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 203.39 232.80 Td (proposals calling for companies to adopt a policy of not providing ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 219.60 Td (tax gross-up payments to executives, except in situations where gross-ups are provided ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 206.40 Td (pursuant to a plan, policy) Tj ET Q q 0 0 0 rg BT 197.47 206.40 Td (, or arrangement applicable to management employees of the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 193.20 Td (company) Tj ET Q q 0 0 0 rg BT 114.48 193.20 Td (, such as a relocation or expatriate tax equalization policy) Tj ET Q q 0 0 0 rg BT 402.15 193.20 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 171.00 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 171.00 Td (e will generally vote ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 185.08 171.00 Td (for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 203.39 171.00 Td (proposals asking companies to adopt a policy of obtaining ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 157.80 Td (shareholder approval for any future agreements and corporate policies that could oblige the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 144.60 Td (company to make payments or awards following the death of a senior executive in the form of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 131.40 Td (unearned salary or bonuses, accelerated vesting or the continuation in force of unvested ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 118.20 Td (equity grants, perquisites and other payments or awards made in lieu of compensation. ) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.90 60.60 Td (A-1) Tj ET Q q 0 0 0 rg BT 311.08 60.60 Td (1) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 711.90 Td (e will vote on a ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 160.59 711.90 Td (case-by-case ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 229.35 711.90 Td (basis on proposals to recoup unearned incentive bonuses or ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (other incentive payments made to senior executives if it is later determined that the figures ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 685.50 Td (upon which incentive compensation is earned later turn out to have been in error) Tj ET Q q 0 0 0 rg BT 474.03 685.50 Td (. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 662.10 Td (Say-on-Pay ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 639.90 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 639.90 Td (e are strong supporters of say-on-pay, now codified in the Dodd-Frank legislation. W) Tj ET Q q 0 0 0 rg BT 509.31 639.90 Td (e ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 626.70 Td (support an ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 127.68 626.70 Td (annual ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 166.04 626.70 Td (advisory vote on compensation. Although we generally oppose tying ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 613.50 Td (executive compensation to short-term measures, we believe that annual review is the best ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 600.30 Td (method to ensure accountability) Tj ET Q q 0 0 0 rg BT 231.31 600.30 Td (. W) Tj ET Q q 0 0 0 rg BT 247.53 600.30 Td (e will consider voting against members of the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 587.10 Td (compensation committee where a companys previous say-on-pay proposal received the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 573.90 Td (support of less than 70% of votes cast and appropriate steps were not taken to address ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 560.70 Td (executive compensation. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 537.30 Td (CEOs Serving on Compensation Committees ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 515.10 Td (Compensation committees must be independent of management to ensure fair and impartial ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 501.90 Td (negotiations of pay with individual executives. W) Tj ET Q q 0 0 0 rg BT 314.76 501.90 Td (e are concerned that the inclusion of CEOs ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 488.70 Td (on the compensation committee may result in more generous pay packages for senior ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 475.50 Td (executives than what is necessary to attract and retain talent. CEOs who benefit from ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 462.30 Td (generous pay may view large compensation packages as necessary to retain and motivate ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 449.10 Td (other executives. P) Tj ET Q q 0 0 0 rg BT 167.14 449.10 Td (erhaps most importantly) Tj ET Q q 0 0 0 rg BT 286.67 449.10 Td (, because compensation packages are often based ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 435.90 Td (on surveys detailing what their peers are earning, CEOs are subject to particularly ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 422.70 Td (troublesome conflicts of interest when they serve on compensation committees. It is in their ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 409.50 Td (general interest to see their peers compensation rise. W) Tj ET Q q 0 0 0 rg BT 353.96 409.50 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 384.39 409.50 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 428.06 409.50 Td (shareholder proposals ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 396.30 Td (seeking to bar CEOs from serving on compensation committees and will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 427.89 396.30 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 468.03 396.30 Td (directors ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 383.10 Td (serving on compensation committees that also serve as CEOs of another company) Tj ET Q q 0 0 0 rg BT 472.69 383.10 Td (. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 359.70 Td (Relative Compensation Levels ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 337.50 Td (Compensation for corporate CEOs has grown at an astonishing pace in recent years, far faster ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 324.30 Td (than that for employees in general. A) Tj ET Q q 0 0 0 rg BT 256.37 324.30 Td ( few enlightened companies have set a maximum range ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 311.10 Td (they will tolerate between the salaries of their lowest- and highest-paid employees. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 297.90 Td (Shareholders have asked other companies to do the following: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 275.70 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 275.70 Td (P) Tj ET Q q 0 0 0 rg BT 113.62 275.70 Td (repare reports comparing the compensation packages of the average and lowest wage ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 262.50 Td (earners to those of top management ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 249.30 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 249.30 Td (Establish a cap for CEO compensation, tying it to the wage of the lowest-paid workers ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 236.10 Td (W) Tj ET Q q 0 0 0 rg BT 116.87 236.10 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 147.31 236.10 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 190.97 236.10 Td (these resolutions.) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1843137254901961 0.32941176470588235 0.5882352941176471 rg BT 108.00 198.70 Td (Compensation Consultants - Disclosure of Board or Companys Utilization ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 108.00 176.50 Td (W) Tj ET Q q 0 0 0 rg BT 116.87 176.50 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 147.31 176.50 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 190.97 176.50 Td (resolutions seeking disclosure regarding the company) Tj ET Q q 0 0 0 rg BT 452.50 176.50 Td (, board, or board ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 163.30 Td (committees use of compensation consultants, such as company name, business ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 150.10 Td (relationship\(s\), and fees paid, in order to surface any potential conflicts of interest, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 136.90 Td (and to allow shareholders to adequately assess the reasonableness of proposed ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 123.70 Td (compensation arrangements. ) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-12) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 711.20 Td (Disclosure ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 689.00 Td (Shareholders have asked companies to disclose the salaries of top management beyond those ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 675.80 Td (the SEC requires in the proxy statement. W) Tj ET Q q 0 0 0 rg BT 285.73 675.80 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 316.17 675.80 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 359.83 675.80 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 652.40 Td (Excessive Stock Option Grants to Executives ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 630.20 Td (Shareholders wishing to promote more broad-based employee ownership of their corporations ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 617.00 Td (stock have asked corporate boards to limit stock options granted to \(1\) a single individual to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 603.80 Td (no more than 5% of the total options granted in a single year) Tj ET Q q 0 0 0 rg BT 370.68 603.80 Td (, and \(2\) the group of executive ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 590.60 Td (officers to no more than 10% of the total options granted in a single year) Tj ET Q q 0 0 0 rg BT 430.79 590.60 Td (. W) Tj ET Q q 0 0 0 rg BT 447.01 590.60 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 477.45 590.60 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 577.40 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 554.00 Td (Executive Severance Pay Review ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 531.80 Td (Shareholders have criticized boards of directors that grant retiring executives severance pay ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 518.60 Td (packages that significantly exceed the standard benefits granted to other company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 505.40 Td (executives, particularly when the companys financial performance was poor during the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 492.20 Td (executives tenure. As a result, shareholders have asked boards to prepare reports that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 479.00 Td (summarize and explain the relationship of their executive severance package policies and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 465.80 Td (philosophies to corporate performance, employee morale, and executive performance ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 452.60 Td (incentives. W) Tj ET Q q 0 0 0 rg BT 138.16 452.60 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 168.60 452.60 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 212.26 452.60 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 429.20 Td (Nonfinancial Performance ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 407.00 Td (Shareholders have asked companies to review their executives compensation and report to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 393.80 Td (shareholders on its link not only to financial performance but also to the companys ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 380.60 Td (performance on the following: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 358.40 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 358.40 Td (Environmental issues - carbon, waste, water) Tj ET Q q 0 0 0 rg BT 325.69 358.40 Td (, air quality etc) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 345.20 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 345.20 Td (Animal exploitation - products, testing, sport and entertainment, any other ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 332.00 Td (exploitation) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 318.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 318.80 Td (Human rights issues ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 305.60 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 305.60 Td (Closing the wage gap between workers and top management ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 292.40 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 292.40 Td (P) Tj ET Q q 0 0 0 rg BT 113.62 292.40 Td (redatory lending ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 279.20 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 279.20 Td (Diversity and gender issues) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 266.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 266.00 Td (Social issues generally ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 243.80 Td (W) Tj ET Q q 0 0 0 rg BT 116.87 243.80 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 147.31 243.80 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 190.97 243.80 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 220.40 Td (Pension Plan Accounting and Financial T) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 299.68 220.40 Td (ransparency ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 198.20 Td (Some corporations use pension credits, a projection of the growth of a companys pension ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 185.00 Td (plan, as part of their formula for calculating executive compensation and bonuses. Because ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 171.80 Td (pension credits reflect neither operating performance nor even actual returns on company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 158.60 Td (pension plan assets, their use can improperly inflate executive compensation. P) Tj ET Q q 0 0 0 rg BT 466.97 158.60 Td (ension credits ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 145.40 Td (are not based on actual investment returns, but on the expected return on plan assets and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 132.20 Td (other assumptions set by management. W) Tj ET Q q 0 0 0 rg BT 277.93 132.20 Td (e believe boosting performance pay with pension ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 119.00 Td (income also creates incentives contrary to long-term shareholder interests. Such incentive ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 105.80 Td (pay formulas could, for example, encourage management to skip cost-of-living adjustments ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 92.60 Td (expected by retirees, or to reduce expected retirement benefits. ) Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-13) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 711.90 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 711.90 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 154.97 711.90 Td (resolutions asking companies to exclude pension credits from the calculation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (of executive compensation. Several companies including A) Tj ET Q q 0 0 0 rg BT 359.42 698.70 Td (T&T) Tj ET Q q 0 0 0 rg BT 378.14 698.70 Td (, General Electric, V) Tj ET Q q 0 0 0 rg BT 478.46 698.70 Td (erizon ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 685.50 Td (Communications, and Qwest Communications International have adopted these proposals. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 663.30 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 663.30 Td (e will also ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 134.00 663.30 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 177.66 663.30 Td (resolutions asking companies to provide transparent reports to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 650.10 Td (shareholders of profit from real company operations, and/or to use part of their pension fund ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 636.90 Td (surplus to adjust retiree pay for inflation. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 613.50 Td (Extraordinary Supplemental Executive Retirement Plans \(SERPs\) and Preferential ) Tj ET Q BT /F7 12.00 Tf ET q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 599.10 Td (Retirement Arrangements ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 576.90 Td (Many companies establish Supplemental Executive R) Tj ET Q q 0 0 0 rg BT 330.17 576.90 Td (etirement Plans \(SERPs\) to provide ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 563.70 Td (supplemental retirement benefits that exceed IRS limitations on benefits that can be paid ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 550.50 Td (from tax-qualified pension plans. Some companies also maintain what are known as ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 537.30 Td (extraordinary SERPs, which provide preferential benefit formulas or supplemental pension ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 524.10 Td (benefits not provided to other managers under these companies regular tax-qualified plans. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 510.90 Td (Some companies also make individual pension agreements with executives that have similar ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 497.70 Td (features. The resulting gross disparities between the retirement security offered to senior ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 484.50 Td (executives and to other employees can create potential morale problems that may increase ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 471.30 Td (employee turnover) Tj ET Q q 0 0 0 rg BT 163.90 471.30 Td (. Moreover) Tj ET Q q 0 0 0 rg BT 215.23 471.30 Td (, because these forms of pension compensation are not ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 458.10 Td (performance-based, they do not help to align management incentives with long-term ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 444.90 Td (shareholder interests. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 422.70 Td (Shareholders have asked companies to seek shareholder approval of executive pension ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 409.50 Td (agreements of this kind. W) Tj ET Q q 0 0 0 rg BT 204.45 409.50 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 234.88 409.50 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 278.55 409.50 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 386.10 Td (Performance-Based Stock Options ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 363.90 Td (Shareholders have asked companies to tie executive compensation more closely to company) Tj ET Q q 0 0 0 rg BT 526.53 363.90 Td (, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 350.70 Td (rather than stock market, performance through the use of performance-based stock options. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 337.50 Td (P) Tj ET Q q 0 0 0 rg BT 77.62 337.50 Td (erformance-based stock options include indexed stock options, which link option exercise ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 324.30 Td (prices to an industry index; premium-priced stock options, which have exercise prices that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 311.10 Td (are above the market price of the stock on the date of grant; and performance-vesting ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 297.90 Td (options, which vest only after the market price of the stock exceeds a target price greater ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 284.70 Td (than the market price on the grant date. W) Tj ET Q q 0 0 0 rg BT 286.53 284.70 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 316.97 284.70 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 360.63 284.70 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 261.30 Td (Salary Freeze During Layof) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 225.87 261.30 Td (fs ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 239.10 Td (Layoffs are generally undertaken as cost-saving measures designed to improve profits and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 225.90 Td (increase the companys long-term competitiveness. However) Tj ET Q q 0 0 0 rg BT 371.41 225.90 Td (, increasing the pay of corporate ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 212.70 Td (officers while asking employees to sacrifice is hypocritical, damaging to a companys culture, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 199.50 Td (and indicative of poor corporate governance. W) Tj ET Q q 0 0 0 rg BT 307.81 199.50 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 338.25 199.50 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 381.91 199.50 Td (resolutions that require ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 186.30 Td (companies to freeze the salaries of corporate officers during layoffs and/or until the positive ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 173.10 Td (benefits of the layoffs are demonstrated. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 149.70 Td (Stock Option Expensing ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 127.50 Td (The use of stock options that are not expensed can lead to distorted earnings reports and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 114.30 Td (excessive use of stock options for executive compensation. W) Tj ET Q q 0 0 0 rg BT 376.20 114.30 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 406.64 114.30 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 446.77 114.30 Td (the use of stock ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 101.10 Td (options where they are not fully expensed, and ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 309.18 101.10 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 352.84 101.10 Td (shareholder proposals calling for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 87.90 Td (companies to expense stock options in the companys annual income statement. ) Tj ET Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-14) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 711.20 Td (Mergers and Acquisitions) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 678.40 Td (General ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 656.20 Td (Many studies have concluded that a sizable majority of mergers and acquisitions fail to deliver ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 643.00 Td (shareholder value. Nevertheless, shareholders overwhelmingly approve most mergers and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 629.80 Td (acquisitions. At the same time, significant mergers and acquisitions may entail serious social ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 616.60 Td (and environmental risks. For this reason, we will review the potential social and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 603.40 Td (environmental costs of any merger or acquisition along with purely financial considerations. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 590.20 Td (Although mergers and acquisitions may offer financial, and even social and environmental, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 577.00 Td (benefits, their tendency to under perform, and their potential to do harm, creates the need ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 563.80 Td (for special scrutiny on a ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 193.81 563.80 Td (case-by- case ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 267.36 563.80 Td (basis. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 541.60 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 541.60 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 541.60 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 151.44 541.60 Td (any merger or acquisition whose resulting company would not qualify for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 528.40 Td (inclusion in our Funds portfolios based on their line of business \(for example, we would ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 515.20 Td (oppose the acquisition of a portfolio holding by a tobacco manufacturer or the takeover of a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 502.00 Td (food company that incorporates animal products\). W) Tj ET Q q 0 0 0 rg BT 332.62 502.00 Td (e will also generally ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 434.56 502.00 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 474.70 502.00 Td (mergers that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 488.80 Td (involve a two-tiered stock offer) Tj ET Q q 0 0 0 rg BT 227.05 488.80 Td (. When evaluating mergers and acquisitions, in addition to the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 475.60 Td (business case for the deal, where information is available, we will generally consider the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 462.40 Td (following factors: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 440.20 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 440.20 Td (The position of the acquiror and acquire company in respect of Beyond Investings ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 427.00 Td (Screening P) Tj ET Q q 0 0 0 rg BT 164.62 427.00 Td (olicies) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 410.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 410.80 Td (The relative social and environmental performance of the two companies ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 394.60 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 394.60 Td (The impact of the merger on employees, including layoffs and proposed post-merger ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 381.40 Td (investments in human resources ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 365.20 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 365.20 Td (Whether this is a hostile acquisition of a company with a substantially unionized ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 352.00 Td (workforce by a company with a non-unionized workforce ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 335.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 335.80 Td (The acquiring companys plans for cultural integration of the two companies ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 319.60 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 319.60 Td (The acquiring companys history of acquisitions ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 303.40 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 303.40 Td (Executive and board compensation packages tied to successful completion of the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 290.20 Td (merger ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 274.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 274.00 Td (Change in control provisions in executive employment contracts triggered by the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 260.80 Td (merger ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 244.60 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 244.60 Td (Conflicts of interest ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 228.40 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 228.40 Td (Corporate governance changes as a result of the merger ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 206.20 Td (In certain industries, such as media, banking, agriculture, telecommunications, and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 193.00 Td (pharmaceuticals, we will consider with caution mergers that will create notably high ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 179.80 Td (levels of industry concentration, and may weight such considerations heavily in our ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 166.60 Td (decision-making. In some cases, considerations of industry concentration may be the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 153.40 Td (decisive factor) Tj ET Q q 0 0 0 rg BT 179.37 153.40 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 131.20 Td (The Dodd-Frank W) Tj ET Q q 0 0 0 rg BT 198.12 131.20 Td (all Street R) Tj ET Q q 0 0 0 rg BT 253.26 131.20 Td (eform and Consumer P) Tj ET Q q 0 0 0 rg BT 364.47 131.20 Td (rotection Act requires an advisory ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 118.00 Td (vote on golden parachute arrangements for Named Executive Officers \(NEOs\) in ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 104.80 Td (conjunction with an acquisition, merger) Tj ET Q q 0 0 0 rg BT 304.18 104.80 Td (, consolidation or proposed sale. W) Tj ET Q q 0 0 0 rg BT 477.69 104.80 Td (e will ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 91.60 Td (review these proposals on a ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 248.34 91.60 Td (case-by- case ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 321.89 91.60 Td (basis. ) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-15) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 711.20 Td (Mergers and Acquisitions - Impact of Merger ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 689.00 Td (Shareholders have requested companies to present a report on the impact a merger or ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 675.80 Td (acquisition has on employment levels, director and executive compensation, philanthropic ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 662.60 Td (commitment, and company products. For example, in the case of a bank merger) Tj ET Q q 0 0 0 rg BT 468.73 662.60 Td (, shareholders ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 649.40 Td (have asked what effect the merger will have on community reinvestment activities \(CRA\). W) Tj ET Q q 0 0 0 rg BT 530.25 649.40 Td (e ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 636.20 Td (will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 93.12 636.20 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 136.79 636.20 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 612.80 Td (Mergers and Acquisitions - Shareholder Approval ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 590.60 Td (Some shareholders have sought to require submission to shareholders of any merger or ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 577.40 Td (acquisition, regardless of size. While mergers and acquisitions that decisively change a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 564.20 Td (companys character should be submitted to its owners for approval, we will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 454.23 564.20 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 494.37 564.20 Td (all-) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 551.00 Td (inclusive resolutions since they are both impractical and entail an unnecessary expense. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 527.60 Td (Proxy V) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 115.70 527.60 Td (oting - Confidential Ballot ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 505.40 Td (Many companies proxies bear the name of the shareholder) Tj ET Q q 0 0 0 rg BT 362.88 505.40 Td (, allowing companies to learn who ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 492.20 Td (voted how in corporate elections. Confidential voting is necessary to maintain a proxy voting ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 479.00 Td (system that is free of pressure. Shareholders have asked that proxy voting be kept ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 465.80 Td (confidential, except in those limited circumstances when the law requires disclosure. W) Tj ET Q q 0 0 0 rg BT 508.14 465.80 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 452.60 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 115.66 452.60 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 429.20 Td (Proxy V) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 115.70 429.20 Td (oting - Supermajority V) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 249.08 429.20 Td (otes ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 407.00 Td (A) Tj ET Q q 0 0 0 rg BT 77.88 407.00 Td ( company may propose a bylaw requiring that certain types of shareholder resolutions ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 393.80 Td (receive a supermajority - sometimes as much as 80% of the vote - to be adopted. W) Tj ET Q q 0 0 0 rg BT 485.52 393.80 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 380.60 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 112.14 380.60 Td (these resolutions. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 358.40 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 358.40 Td (e will vote ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 136.27 358.40 Td (against ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 175.70 358.40 Td (proposals giving the board exclusive authority to amend the bylaws, and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 345.20 Td (will ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 93.12 345.20 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 135.78 345.20 Td (proposals to lower supermajority shareholder vote requirements for charter and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 332.00 Td (bylaw amendments as well as for mergers and other significant business combinations. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 308.60 Td (Reincorporation ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 286.40 Td (When a corporation seeks approval from its shareholders to reincorporate into a different ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 273.20 Td (jurisdiction, we will review managements rationale, and consider such proposals on a ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 501.95 273.20 Td (case-) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 260.00 Td (by- case ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 118.45 260.00 Td (basis. Occasionally) Tj ET Q q 0 0 0 rg BT 209.69 260.00 Td (, a corporation will seek to reincorporate in order to reduce its ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 246.80 Td (tax burden, or to shield itself from shareholder or consumer lawsuits. W) Tj ET Q q 0 0 0 rg BT 428.76 246.80 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 459.20 246.80 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 233.60 Td (reincorporation into jurisdictions that serve as tax shelters, such as Bermuda, or that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 220.40 Td (significantly reduce legal rights for shareholders and other corporate stakeholders. W) Tj ET Q q 0 0 0 rg BT 494.65 220.40 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 207.20 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 115.66 207.20 Td (shareholder proposals to reincorporate corporations from such jurisdictions. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 183.80 Td (Shareholder P) Tj ET Q q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 146.02 183.80 Td (roposals) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 153.40 Td (Shareholder Proposals - Identification of Proponents ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 131.20 Td (Shareholders have asked that management fully identify proponents of all shareholder ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 118.00 Td (resolutions. W) Tj ET Q q 0 0 0 rg BT 141.97 118.00 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 172.41 118.00 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 216.07 118.00 Td (these resolutions. ) Tj ET Q endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-16) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 711.20 Td (Shareholder Proposals - Simple Majority V) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 312.14 711.20 Td (ote Counting Standard ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 689.00 Td (R) Tj ET Q q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 77.96 689.00 Td (esponsible investors submit a wide array of binding and non-binding shareholder proposals to ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 675.80 Td (corporations. Companies routinely announce the voting results of these proposals at their ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 662.60 Td (annual meetings, and then report the raw data in an 8-K. Companies are not currently ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 649.40 Td (required to count the votes for all proposals according to a consistent simple majority vote ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 636.20 Td (standard. Instead, many companies count abstentions as votes against the proposal, often ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 623.00 Td (dramatically reducing the reported results. In some cases, true majority votes have been ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 609.80 Td (portrayed at the annual meeting as having failed to achieve a majority) Tj ET Q q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 421.17 609.80 Td (. This creates confusion ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 596.60 Td (among shareholders, with one outcome that the company reports to shareholders and the ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 583.40 Td (press, but an entirely different outcome mandated by the SEC for determining a proponents ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 570.20 Td (eligibility to resubmit a proposal. Although this confusion can be cleared up by re-calculating ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 557.00 Td (the vote results based on the raw data provided in the 8-K, the vote announced at the annual ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 543.80 Td (meeting is generally the result that is picked up by the press. This diminishes the message ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 530.60 Td (shareholder proponents and voters intend to send to management and the board. Many ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 517.40 Td (shareholders use abstentions to send a particular signal to management. It is not their intent ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 504.20 Td (that such votes be counted against the proposal. W) Tj ET Q q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 325.17 504.20 Td (e believe companies and shareholders ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 491.00 Td (would benefit from a uniform simple majority standard. ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 468.80 Td (W) Tj ET Q q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 80.87 468.80 Td (e ) Tj ET Q BT /F7 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 90.18 468.80 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 133.84 468.80 Td (proposals asking companies to adopt a simple majority vote-counting standard for ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 455.60 Td (shareholder proposals, whether in the form of not including abstentions in the formula, or in ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 442.40 Td (the form of removing supermajority requirements that are not either approved by ) Tj ET Q BT /F6 11.00 Tf ET q 0.08627450980392157 0.08627450980392157 0.08627450980392157 rg BT 72.00 429.20 Td (shareholders, or mandated by regulation. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 405.80 Td (Shareholder Rights & Defenses ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 383.60 Td (Bylaw provisions impacting shareholders' ability to bring lawsuits against the company may ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 370.40 Td (include exclusive venue provisions, which provide that the state of incorporation shall be the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 357.20 Td (sole venue for certain types of litigation, and fee-shifting provisions that require a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 344.00 Td (shareholder who sues a company unsuccessfully to pay all litigation expenses of the defendant ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 330.80 Td (corporation. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 308.60 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 308.60 Td (e will vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 136.27 308.60 Td (case-by-case ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 206.51 308.60 Td (on bylaws which impact shareholders' litigation rights, taking into ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 295.40 Td (account factors such as: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 273.20 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 273.20 Td (The company's stated rationale for adopting such a provision; ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 257.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 257.00 Td (The breadth of application of the bylaw) Tj ET Q q 0 0 0 rg BT 303.92 257.00 Td (, including the types of lawsuits to which it ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 243.80 Td (would apply and the definition of key terms; and ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 227.60 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 227.60 Td (Governance features such as the shareholders' ability to repeal the provision at a later ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 214.40 Td (date \(including the vote standard applied when shareholders attempt to amend the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 201.20 Td (bylaws\) and their ability to hold directors accountable through annual director ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 188.00 Td (elections and a majority vote standard in uncontested elections. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.00 165.80 Td (W) Tj ET Q q 0 0 0 rg BT 98.87 165.80 Td (e will generally vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 203.08 165.80 Td (against ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 244.97 165.80 Td (bylaws that mandate fee-shifting whenever plaintiffs are ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.00 152.60 Td (not completely successful on the merits \(i.e., in cases where the plaintiffs are partially ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.00 139.40 Td (successful\). ) Tj ET Q endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-17) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 711.20 Td (T) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 78.72 711.20 Td (akeover - Employee Stock Ownership Plans \(ESOPs\) ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 689.00 Td (ESOPs should promote active employee ownership. However) Tj ET Q q 0 0 0 rg BT 367.97 689.00 Td (, some companies have proposed ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 675.80 Td (ESOPs as a way to park stock to avoid a takeover) Tj ET Q q 0 0 0 rg BT 311.59 675.80 Td (. W) Tj ET Q q 0 0 0 rg BT 327.81 675.80 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 358.25 675.80 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 398.39 675.80 Td (ESOPs not intended and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 662.60 Td (designed to promote active employee ownership. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 639.20 Td (T) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 78.72 639.20 Td (akeovers - Stock Issuance ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 617.00 Td (Management may seek authorization to issue stock in an effort to avoid a takeover) Tj ET Q q 0 0 0 rg BT 479.50 617.00 Td (. W) Tj ET Q q 0 0 0 rg BT 495.72 617.00 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 603.80 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 112.14 603.80 Td (these resolutions. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 580.40 Td (Capital Structure) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 558.20 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 558.20 Td (e will vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 136.27 558.20 Td (against ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 178.15 558.20 Td (proposals at companies with more than one class of common stock to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 545.00 Td (increase the number of authorized shares of the class that has superior voting rights. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 522.80 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 522.80 Td (e will generally vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 185.08 522.80 Td (against ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 226.97 522.80 Td (dual class capital structures. W) Tj ET Q q 0 0 0 rg BT 381.19 522.80 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 411.63 522.80 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 455.29 522.80 Td (proposals ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 509.60 Td (seeking the approval of a recapitalization plan for all stock to have one vote per share. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 487.40 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 487.40 Td (e will vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 136.27 487.40 Td (for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 155.28 487.40 Td (proposals to increase the number of authorized common shares where the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 474.20 Td (primary purpose of the increase is to issue shares in connection with a transaction on the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 461.00 Td (same ballot that warrants support. ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 72.00 438.80 Td (Share Buybacks ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 416.60 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 416.60 Td (e will generally ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 160.12 416.60 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 202.77 416.60 Td (shareholder proposals to increase disclosure to investors about how ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 403.40 Td (share buyback decisions are made, and by whom, as well as how potential conflicts of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 390.20 Td (interest are managed. ) Tj ET Q BT /F6 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.4392156862745098 0.6784313725490196 0.2784313725490196 rg BT 72.00 365.60 Td (SOCIAL) Tj ET Q q 0.4392156862745098 0.6784313725490196 0.2784313725490196 rg BT 112.17 365.60 Td ( AND ENVIRONMENT) Tj ET Q q 0.4392156862745098 0.6784313725490196 0.2784313725490196 rg BT 225.13 365.60 Td (AL) Tj ET Q q 0.4392156862745098 0.6784313725490196 0.2784313725490196 rg BT 238.90 365.60 Td ( ISSUES ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 324.60 Td (GENERAL) Tj ET Q q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 120.32 324.60 Td ( ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 301.20 Td (Sustainability Reports ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 279.00 Td (Concerned investors increasingly believe that the long-term financial health of a corporation ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 265.80 Td (is tied to the economic sustainability of its workers and the communities in which they ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 252.60 Td (operate, source, and sell their products. Consequently) Tj ET Q q 0 0 0 rg BT 340.66 252.60 Td (, these investors have sought to analyze ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 239.40 Td (corporate financial, social, and environmental performance, and have asked corporations to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 226.20 Td (prepare sustainability reports detailing their firms records in these areas. Some shareholders ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 213.00 Td (have requested that companies prepare such reports using the sustainability guidelines issued ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 199.80 Td (by the Global R) Tj ET Q q 0 0 0 rg BT 147.56 199.80 Td (eporting Initiative \(GRI\). W) Tj ET Q q 0 0 0 rg BT 281.10 199.80 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 311.53 199.80 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 355.20 199.80 Td (resolutions requesting these reports. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 176.40 Td (Anti-Corporate Social Responsibility \(CSR\) Proposals ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 154.20 Td (In recent years, a handful of shareholders have filed proposals modeled on sustainability ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 141.00 Td (reporting and political contributions reporting resolutions submitted by social investors. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 127.80 Td (Although the resolved clause of these proposals is often very similar-if not identical-to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 114.60 Td (proposals we would generally support, the whereas clauses generally advance a very ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 101.40 Td (different agenda, calling into question, for example, a companys efforts to address climate ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 88.20 Td (change. Where such proposals request charitable contribution reports, prohibit or impose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 75.00 Td (criteria on charitable giving, or require shareholder ratification of charitable grants, we will ) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-18) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 112.14 711.90 Td (them as their intent is clearly to limit corporate philanthropy) Tj ET Q q 0 0 0 rg BT 414.78 711.90 Td (, and because we have ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (generally not had any difficulty obtaining basic information about a companys charitable ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 685.50 Td (giving. Where these proposals seek sustainability reports, we will generally ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 446.98 685.50 Td (abstain ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 489.51 685.50 Td (or ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 503.00 685.50 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 672.30 Td (the proposal, carefully considering the message a vote against a sustainability report ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 659.10 Td (proposal may send to the company) Tj ET Q q 0 0 0 rg BT 242.42 659.10 Td (. In general, we view such anti-social proposals with ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 645.90 Td (skepticism, and will generally oppose them, based on a review of the proposal. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 622.50 Td (COMMUNITY) Tj ET Q q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 136.66 622.50 Td ( ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 599.10 Td (Access to Pharmaceuticals - Disclosure of Incentives to Pharmaceutical ) Tj ET Q BT /F7 12.00 Tf ET q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 584.70 Td (Purchasers ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 562.50 Td (Drug companies have provided doctors, pharmacy benefit managers, and other ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 549.30 Td (pharmaceutical purchasers rebates, payments, and other incentives to purchase their drugs. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 536.10 Td (These incentives are often hidden, and are therefore not passed on to patients. Shareholders ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 522.90 Td (have called on pharmaceutical companies to issue reports disclosing the extent and types of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 509.70 Td (incentives they use to influence pharmaceutical purchasers to select their drugs. W) Tj ET Q q 0 0 0 rg BT 485.04 509.70 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 496.50 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 115.66 496.50 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 473.10 Td (Access to Pharmaceuticals - Ethical Criteria for Drug Patent Extensions ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 450.90 Td (P) Tj ET Q q 0 0 0 rg BT 77.62 450.90 Td (atents on me too drugs - modified or identical versions of existing drugs - extend the time ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 437.70 Td (it takes for generic drugs to come to market, which are lower in cost but equally effective ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 424.50 Td (alternatives to brand names. Shareholders have called into question the ethics of effectively ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 411.30 Td (extending the patents on existing drugs, and are concerned about the negative effects of this ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 398.10 Td (practice on their companies reputations and on consumers access to needed treatments. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 375.90 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 375.90 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 375.90 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 154.97 375.90 Td (resolutions asking companies to develop ethical criteria for the extension of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 362.70 Td (patents on prescription drugs and to issue reports on the implications of such criteria. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 339.30 Td (Cable Companies and Pornography ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 317.10 Td (The availability and the level of graphic, sexually explicit, and/or obscene content on cable ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 303.90 Td (channels is expanding. This mainstreaming of pornography has become a source of serious ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 290.70 Td (concern for some shareholders on both social and financial grounds. Among other things, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 277.50 Td (shareholders have asked cable companies to do the following: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 255.30 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 255.30 Td (Outline the business case for their increasing distribution of pornography ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 239.10 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 239.10 Td (R) Tj ET Q q 0 0 0 rg BT 113.96 239.10 Td (eview policies governing content decision-making for cable operations ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 222.90 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 222.90 Td (Assess the potential legal issues and financial liabilities posed by possible violations of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 209.70 Td (local obscenity laws and lawsuits from individuals and communities W) Tj ET Q q 0 0 0 rg BT 452.94 209.70 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 483.38 209.70 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 196.50 Td (these resolutions.) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 173.10 Td (Citizen Initiatives - Noninterference by Corporations ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 150.90 Td (According to the Supreme Court, large corporations have a constitutional right to participate ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 137.70 Td (in initiative campaigns. However) Tj ET Q q 0 0 0 rg BT 232.34 137.70 Td (, their financial contributions can and do defeat citizen ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 124.50 Td (initiative campaigns for environmental protection, recycling, sustainable resource use, and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 111.30 Td (right to know laws. Shareholders have asked corporations to refrain from contributing to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 98.10 Td (initiative campaigns unless a competitor would gain a competitive advantage from it. W) Tj ET Q q 0 0 0 rg BT 507.41 98.10 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 84.90 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 115.66 84.90 Td (such resolutions. ) Tj ET Q endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-19) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 711.20 Td (Confidentiality of Personal Information ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 689.00 Td (A) Tj ET Q q 0 0 0 rg BT 77.88 689.00 Td ( variety of high profile data breaches has made cyber-security a key financial and social ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 675.80 Td (issue. Some shareholders have called on companies to report on policies and procedures to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 662.60 Td (ensure all personal and private customer information remains so even when business ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 649.40 Td (operations are outsourced overseas, contracted, or subcontracted. W) Tj ET Q q 0 0 0 rg BT 415.12 649.40 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 445.55 649.40 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 489.22 649.40 Td (these ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 636.20 Td (resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 612.80 Td (Corporate W) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 144.01 612.80 Td (elfare ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 590.60 Td (Corporate welfare, according to a ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 243.05 590.60 Td (T) Tj ET Q q 0 0 0 rg BT 249.15 590.60 Td (ime ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 270.88 590.60 Td (magazine article on the subject, is any action by ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 577.40 Td (local, state or federal government that gives a corporation or an entire industry a benefit not ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 564.20 Td (offered to others. Government officials, business leaders, shareholders, and others worry ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 551.00 Td (that corporate welfare leads to unfair market competition and softens the ability of American ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 537.80 Td (businesses to compete. W) Tj ET Q q 0 0 0 rg BT 199.18 537.80 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 229.61 537.80 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 273.28 537.80 Td (resolutions that ask corporations to report the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 524.60 Td (corporate welfare benefits they receive. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 501.20 Td (Corporate T) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 140.26 501.20 Td (ax Avoidance ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 479.00 Td (According to the IRS, the United States loses as much as $30 billion annually from ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 465.80 Td (corporations that avoid taxes through the use of tax havens. The IRS has also documented ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 452.60 Td (how banks as well as investment companies, lawyers, and stockbrokers help clients avoid ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 439.40 Td (millions of dollars in taxes by setting up shell companies offshore. U.S. multinational ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 426.20 Td (corporations are increasingly attributing their profits to offshore jurisdictions. Globally) Tj ET Q q 0 0 0 rg BT 501.61 426.20 Td (, the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 413.00 Td (grand total of wealth held offshore has been estimated at $11.5 trillion. Oxfam has noted ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 399.80 Td (that developing countries could be missing out on tax revenues of at least US$50 billion a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 386.60 Td (year; roughly equivalent to the global aid budget. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 364.40 Td (Shareholders have filed resolutions with financial institutions seeking a report on policies that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 351.20 Td (are in place to safeguard against the provision of financial services for corporate or individual ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 338.00 Td (clients that enables capital flight and results in tax avoidance, and to companies seeking ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 324.80 Td (disclosure of the policies and procedures that guide the companys global tax strategies. W) Tj ET Q q 0 0 0 rg BT 522.41 324.80 Td (e ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 311.60 Td (will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 93.12 311.60 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 136.79 311.60 Td (these proposals. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 288.20 Td (Equal Credit Opportunity ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 266.00 Td (Access to capital is essential to participating in our society) Tj ET Q q 0 0 0 rg BT 361.46 266.00 Td (. The Equal Credit Opportunity Act ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 252.80 Td (prohibits lenders from discriminating with regard to race, religion, national origin, sex, age, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 239.60 Td (and the like. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 217.40 Td (Shareholders have asked for the following: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 195.20 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 195.20 Td (R) Tj ET Q q 0 0 0 rg BT 113.96 195.20 Td (eports by credit card issuers evaluating credit card marketing, lending and collection ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 182.00 Td (practices and the impact these practices have on borrowers in order to avoid engaging ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 168.80 Td (in predatory practices. ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 155.60 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 155.60 Td (R) Tj ET Q q 0 0 0 rg BT 113.96 155.60 Td (eports on lending practices in low/moderate-income or minority areas and on steps ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 142.40 Td (to remedy mortgage-lending discrimination. ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 129.20 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 129.20 Td (The development of fair lending policies that would ensure access to credit for major ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 116.00 Td (disadvantaged groups and require annual reports to shareholders on their ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 102.80 Td (implementation. ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 89.60 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 89.60 Td (The development of policies to ensure that the firm does not securitize predatory ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 76.40 Td (loans. ) Tj ET Q endstream endobj 107 0 obj <> endobj 108 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-20) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 711.90 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 711.90 Td (Specific actions to prevent predatory lending. \(The subprime lending industry was a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 698.70 Td (key component of the financial meltdown of 2008, and has historically been the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 685.50 Td (subject of widespread criticism for systemic abuses known collectively as predatory ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 672.30 Td (lending. P) Tj ET Q q 0 0 0 rg BT 157.02 672.30 Td (redatory lending includes the charging of excessive rates and fees, failing to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 659.10 Td (offer borrowers with good credit interest rates that reflect their sound credit records, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 645.90 Td (requiring borrowers to give up their full legal rights by agreeing to mandatory ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 632.70 Td (arbitration as a condition of receiving the loan, and paying large prepayment penalties ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 619.50 Td (that make refinancing loans prohibitively expensive. These practices have ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 606.30 Td (disproportionate impact on low-income, elderly) Tj ET Q q 0 0 0 rg BT 343.04 606.30 Td (, and minority borrowers.\) ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 593.10 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 593.10 Td (The application by nonfinancial corporations, such as auto companies, of Equal Credit ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 579.90 Td (Opportunity Act standards to their financial subsidiaries. ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 566.70 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 566.70 Td (The application of domestic Community R) Tj ET Q q 0 0 0 rg BT 314.19 566.70 Td (einvestment Act standards to emerging ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 553.50 Td (market countries. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 531.30 Td (W) Tj ET Q q 0 0 0 rg BT 116.87 531.30 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 147.31 531.30 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 190.97 531.30 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 507.90 Td (Insurance Companies and Economically T) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 304.23 507.90 Td (argeted Investments ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 485.70 Td (Economically targeted investments \(ETIs\) are loans made to low- to moderate-income ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 472.50 Td (communities or individuals to foster) Tj ET Q q 0 0 0 rg BT 248.46 472.50 Td (, among many things, small businesses and farms, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 459.30 Td (affordable housing, and community development banks and credit unions. Shareholders have ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 446.10 Td (asked for reports outlining how insurers could implement an ETI program. W) Tj ET Q q 0 0 0 rg BT 448.97 446.10 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 479.41 446.10 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 432.90 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 409.50 Td (Land Procurement ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 387.30 Td (R) Tj ET Q q 0 0 0 rg BT 77.96 387.30 Td (etail firms, particularly big-box retailers, can have a significant negative impact on local ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 374.10 Td (communities, permanently altering the character of the communitys economy and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 360.90 Td (environment. Controversies that arise as a result may negatively impact the companys ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 347.70 Td (reputation and ability to attract consumers. W) Tj ET Q q 0 0 0 rg BT 302.19 347.70 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 332.63 347.70 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 376.29 347.70 Td (shareholder proposals asking ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 334.50 Td (such companies to develop socially and environmentally sensitive land-procurement policies, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 321.30 Td (and to report to shareholders on their implementation. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 299.10 Td (Occasionally corporations locate facilities on sites of archeological or cultural importance.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 276.90 Td ( Shareholders have asked companies to do the following:) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 254.70 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 254.70 Td (P) Tj ET Q q 0 0 0 rg BT 113.62 254.70 Td (repare a report on the impact of their plans in culturally sensitive sites ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 241.50 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 241.50 Td (Develop policies that would ensure the preservation of communities cultural heritage ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 228.30 Td (and the natural environment ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 215.10 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 215.10 Td (Consult with affected communities on development plans ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 201.90 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 201.90 Td (Maintain high ethical standards when working with governments and partners ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 188.70 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 188.70 Td (Cease their operations on these sites on ethical grounds once they have already begun ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 169.50 Td (W) Tj ET Q q 0 0 0 rg BT 116.87 169.50 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 147.31 169.50 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 190.97 169.50 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 146.10 Td (Lower Drug Prices ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 123.90 Td (Millions of Americans have severely limited or no practical access to crucial prescription drugs ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 110.70 Td (because they are either uninsured or underinsured. In addition, shareholders have criticized ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 97.50 Td (pharmaceutical companies for using a two-tiered pricing system through which retail ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 84.30 Td (purchasers are charged significantly more for drugs than are group purchasers like HMOs and ) Tj ET Q endstream endobj 109 0 obj <> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-21) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (federal government agencies. As a result, the underinsured and uninsured must often pay ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (higher prices for the same drugs than their adequately insured counterparts. W) Tj ET Q q 0 0 0 rg BT 463.93 698.70 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 494.37 698.70 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 685.50 Td (resolutions asking companies to report on price restraint policies for pharmaceutical ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 672.30 Td (products, and will generally support, on a ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 282.16 672.30 Td (case-by-case ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 352.40 672.30 Td (basis, resolutions asking for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 659.10 Td (companies to implement price restraint policies. W) Tj ET Q q 0 0 0 rg BT 325.27 659.10 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 355.71 659.10 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 399.37 659.10 Td (proposals seeking reports to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 645.90 Td (allow investors to understand the factors pharmaceutical companies use to determine price ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 632.70 Td (increases for their drugs. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 609.30 Td (Minimum W) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 136.51 609.30 Td (age Principles ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 587.10 Td (Until the early 1980s, an annual minimum-wage income-after adjusting for inflation-was ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 573.90 Td (above the poverty line for a family of two. T) Tj ET Q q 0 0 0 rg BT 291.34 573.90 Td (oday) Tj ET Q q 0 0 0 rg BT 313.24 573.90 Td (, the federal minimum wage of $7.25 per ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 560.70 Td (hour) Tj ET Q q 0 0 0 rg BT 92.63 560.70 Td (, working 40 hours per week, 52 weeks per year) Tj ET Q q 0 0 0 rg BT 327.48 560.70 Td (, yields an annual income of only $15,080, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 547.50 Td (well below the federal poverty line for families.1 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 525.30 Td (A) Tj ET Q q 0 0 0 rg BT 77.88 525.30 Td ( minimum wage below the poverty line constitutes an unfair method of competition which ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 512.10 Td (burdens business by depressing sales, undermining productivity) Tj ET Q q 0 0 0 rg BT 382.88 512.10 Td (, increasing worker turnover ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 498.90 Td (and leading to labor disputes. ) Tj ET Q BT /F6 11.00 Tf ET BT /F6 7.15 Tf ET q 0 0 0 rg BT 72.00 481.68 Td (1) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 75.75 476.70 Td ( http://www) Tj ET Q q 0 0 0 rg BT 138.89 476.70 Td (.epi.org/publication/minimum-wage-workers-poverty-anymore-raising/ ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 454.50 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 454.50 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 454.50 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 154.97 454.50 Td (proposals asking companies to adopt principles for minimum wage reform, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 441.30 Td (aligned with the argument that a sustainable economy must ensure a minimum standard of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 428.10 Td (living necessary for the health and general well-being of workers and their families; and the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 414.90 Td (minimum wage should be indexed to maintain its ability to support a minimum standard of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 401.70 Td (living; and to allow for orderly increases, predictability) Tj ET Q q 0 0 0 rg BT 344.64 401.70 Td (, and business planning. W) Tj ET Q q 0 0 0 rg BT 475.25 401.70 Td (e will also ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 388.50 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 115.66 388.50 Td (proposals asking companies to report on their response to wealth inequality in our ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 375.30 Td (society) Tj ET Q q 0 0 0 rg BT 105.38 375.30 Td (. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 351.90 Td (Over-The-Counter \(OTC\) Derivatives Risk ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 329.70 Td (The use of complex derivatives instruments was a key factor in the financial crisis of 2008. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 316.50 Td (P) Tj ET Q q 0 0 0 rg BT 77.62 316.50 Td (rior to the crisis, some shareholders sought to evaluate the credit risks associated with ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 303.30 Td (exposure to the derivatives market by filing proposals requesting financial companies to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 290.10 Td (provide adequate disclosure of the collateral for over-the-counter derivatives. W) Tj ET Q q 0 0 0 rg BT 472.85 290.10 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 276.90 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 115.66 276.90 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 253.50 Td (Political Contributions, Lobbying Activities and Nonpartisanship ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 231.30 Td (The Supreme Courts decision in ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 234.02 231.30 Td (Citizens United v) Tj ET Q q 0 0 0 rg BT 317.41 231.30 Td (. Federal Election Commission ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 470.90 231.30 Td (dramatically ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 218.10 Td (increased concerns relating to undisclosed corporate spending to influence elections, by ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 204.90 Td (sweeping away all limitations on corporate independent expenditures, allowing companies ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 191.70 Td (to finance advertisements supporting or opposing particular candidates. These payments can ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 178.50 Td (be funnelled through trade associations and other tax exempt entities that are not required ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 165.30 Td (to disclose the sources of their funding. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 143.10 Td (State regulations regarding political contributions vary widely) Tj ET Q q 0 0 0 rg BT 376.18 143.10 Td (, and it can be very difficult, if ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 129.90 Td (not impossible, to obtain an accurate picture of a corporations political involvement. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 116.70 Td (Corporate contributions to entities organized under Section 527 of the Internal R) Tj ET Q q 0 0 0 rg BT 471.41 116.70 Td (evenue Code, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 103.50 Td (for example, are not required to be disclosed by the corporation, and may present significant ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 90.30 Td (risks to shareholder value when these contributions end up supporting causes that contradict ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 77.10 Td (corporate policies, or are inimical to shareholder interests. ) Tj ET Q endstream endobj 111 0 obj <> endobj 112 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-22) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (Moreover) Tj ET Q q 0 0 0 rg BT 115.98 711.90 Td (, corporate contributions to industry trade associations and similar entities that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (engage in political activity raise additional concerns. These organizations generally do not ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 685.50 Td (disclose their membership or the source of their funding. Increasingly) Tj ET Q q 0 0 0 rg BT 415.09 685.50 Td (, these organizations ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 672.30 Td (have taken radical positions, forcing individual corporations to distance themselves from their ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 659.10 Td (own representatives. In addition, companies do not always receive full disclosure from the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 645.90 Td (trade associations to which they contribute. Corporate involvement in state judicial races, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 632.70 Td (think-tanks, and other political organizations have also raised concerns. These activities ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 619.50 Td (present a broad range of legal, political and reputational risks to companies. W) Tj ET Q q 0 0 0 rg BT 464.68 619.50 Td (e are also ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 606.30 Td (concerned that corporate political spending may be creating systemic risks to our economy ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 593.10 Td (and our political system. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 570.90 Td (Shareholders have asked boards of directors to establish oversight of corporate political ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 557.70 Td (contributions, to establish corporate political contributions guidelines, to publicly disclose all ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 544.50 Td (political contributions made from the corporate treasury) Tj ET Q q 0 0 0 rg BT 351.49 544.50 Td (, including payments to trade ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 531.30 Td (associations and other tax-exempt entities, to disclose the business rationale for the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 518.10 Td (companys political involvement and the public policy positions taken by the company) Tj ET Q q 0 0 0 rg BT 496.21 518.10 Td (, and to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 504.90 Td (produce reports detailing the use of corporate resources for political purposes. W) Tj ET Q q 0 0 0 rg BT 475.63 504.90 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 491.70 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 115.66 491.70 Td (these resolutions. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 469.50 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 469.50 Td (e will also ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 134.00 469.50 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 177.66 469.50 Td (similar proposals seeking transparency in corporate lobbying ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 456.30 Td (expenditures. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 434.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 434.10 Td (e will also ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 134.00 434.10 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 177.66 434.10 Td (proposals advancing principles of corporate nonpartisanship: for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 420.90 Td (example, requesting corporations to refrain from using corporate treasury funds to influence ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 407.70 Td (the outcomes of elections or ballot initiatives; or for other partisan political activities, or ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 394.50 Td (compelling their employees to contribute to or support particular causes. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 371.10 Td (Public Interest Obligations ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 348.90 Td (The Federal Communications Act of 1934 requires media companies utilizing the publicly ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 335.70 Td (owned airwaves to act as a public trustee, and to fulfil a public interest obligation. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 322.50 Td (Shareholders have asked media companies to report on their activities to meet their public ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 309.30 Td (interest obligations. W) Tj ET Q q 0 0 0 rg BT 183.71 309.30 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 214.15 309.30 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 257.81 309.30 Td (such proposals. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 285.90 Td (Quality of Healthcare ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 263.70 Td (Many communities are increasingly concerned about the ability of for-profit healthcare ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 250.50 Td (institutions to provide quality healthcare. Shareholders have asked corporations operating ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 237.30 Td (hospitals for reports on the quality of their patient care. W) Tj ET Q q 0 0 0 rg BT 364.55 237.30 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 394.99 237.30 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 438.65 237.30 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 213.90 Td (Redlining ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 191.70 Td (R) Tj ET Q q 0 0 0 rg BT 83.73 191.70 Td (edlining is the systematic denial of services to an area based on its economic or ethnic ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 178.50 Td (profile. The term originated in banking, but the same practice affects businesses as different ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 165.30 Td (as insurance companies and supermarkets. Shareholders have asked management to appraise ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 152.10 Td (their lending practices and develop policies to avoid redlining. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 129.90 Td (Shareholders have also asked insurance companies to develop fair housing policies that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 116.70 Td (would assure adequate homeowner insurance protection in low-income neighborhoods. W) Tj ET Q q 0 0 0 rg BT 514.95 116.70 Td (e ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 103.50 Td (will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 93.12 103.50 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 136.79 103.50 Td (these resolutions. ) Tj ET Q endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-23) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 711.20 Td (EQUALITY) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 689.00 Td (Note: See also Board of Directors - Diversity in our Corporate Governance section. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 665.60 Td (Equal Employment Opportunity and Af) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 290.60 665.60 Td (firmative Action Report ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 643.40 Td (All corporations have the power to promote equality in the workplace and the marketplace. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 630.20 Td (Shareholders have asked for reports that may include the following: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 608.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 608.00 Td (A) Tj ET Q q 0 0 0 rg BT 113.88 608.00 Td ( chart identifying employees by sex, race, and the various job categories defined by ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 594.80 Td (the EEOC ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 581.60 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 581.60 Td (A) Tj ET Q q 0 0 0 rg BT 113.88 581.60 Td ( description of affirmative action policies and programs in place ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 568.40 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 568.40 Td (The companys Form EEO-1 disclosure report ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 555.20 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 555.20 Td (A) Tj ET Q q 0 0 0 rg BT 113.88 555.20 Td ( report on the percentage of hires during the previous year who were persons with ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 542.00 Td (disabilities ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 528.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 528.80 Td (A) Tj ET Q q 0 0 0 rg BT 113.88 528.80 Td ( description of programs designed to increase the number of women and/or minority ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 515.60 Td (managers ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 502.40 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 502.40 Td (A) Tj ET Q q 0 0 0 rg BT 113.88 502.40 Td ( description of programs designed to increase the number of persons employed with ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 489.20 Td (disabilities ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 476.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 476.00 Td (A) Tj ET Q q 0 0 0 rg BT 113.88 476.00 Td ( description of how the company is working to eliminate glass ceilings for female ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 462.80 Td (and minority employees ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 436.40 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 436.40 Td (A) Tj ET Q q 0 0 0 rg BT 113.88 436.40 Td ( description of policies and goals to reduce the gender pay gap ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 423.20 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 423.20 Td (A) Tj ET Q q 0 0 0 rg BT 113.88 423.20 Td ( report on any material litigation facing the company concerning diversity-related ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 410.00 Td (controversies ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 396.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 396.80 Td (A) Tj ET Q q 0 0 0 rg BT 113.88 396.80 Td ( description of how the company publicizes its affirmative action policies and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 383.60 Td (programs to suppliers and service providers ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 370.40 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 370.40 Td (A) Tj ET Q q 0 0 0 rg BT 113.88 370.40 Td ( description of programs directing the purchase of goods and services from minority- ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 357.20 Td (and/or female-owned businesses ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.00 338.00 Td (W) Tj ET Q q 0 0 0 rg BT 98.87 338.00 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 129.31 338.00 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 172.97 338.00 Td (these resolutions.) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 305.60 Td (Equality Principles on Sexual Orientation ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 283.40 Td (In 1995, a coalition of advocacy groups and businesses, primarily in financial services, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 270.20 Td (developed the Equality P) Tj ET Q q 0 0 0 rg BT 194.83 270.20 Td (rinciples on Sexual Orientation. The principles call on companies to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 257.00 Td (do the following: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 234.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 234.80 Td (Adopt written prohibitions against discrimination in employment based on sexual ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 221.60 Td (orientation ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 208.40 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 208.40 Td (R) Tj ET Q q 0 0 0 rg BT 113.96 208.40 Td (ecognize and grant equal status to employee groups formed to address sexual ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 195.20 Td (orientation issues in the workplace ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 182.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 182.00 Td (Include sexual orientation issues in diversity training ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 168.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 168.80 Td (Grant spousal benefits to domestic partners, regardless of sexual orientation ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 155.60 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 155.60 Td (R) Tj ET Q q 0 0 0 rg BT 113.96 155.60 Td (efrain from using negative stereotypes of sexual orientation in advertising ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 142.40 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 142.40 Td (P) Tj ET Q q 0 0 0 rg BT 113.62 142.40 Td (ractice nondiscrimination in the sale of goods and services and the placement of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 129.20 Td (advertisements ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.00 107.00 Td (Shareholders have asked for reports on the implementation of the P) Tj ET Q q 0 0 0 rg BT 425.81 107.00 Td (rinciples. W) Tj ET Q q 0 0 0 rg BT 483.86 107.00 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 90.00 93.80 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 133.66 93.80 Td (these resolutions. W) Tj ET Q q 0 0 0 rg BT 233.77 93.80 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 264.21 93.80 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 304.34 93.80 Td (shareholder proposals asking companies to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.00 80.60 Td (remove the words sexual orientation from their non-discrimination policies. ) Tj ET Q endstream endobj 115 0 obj <> endobj 116 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-24) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 711.20 Td (Pay Equity ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 689.00 Td (Historically women have not received comparable wages for comparable work in many sectors ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 675.80 Td (of our economy) Tj ET Q q 0 0 0 rg BT 147.26 675.80 Td (, although national legislation requires that they be comparably compensated. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 662.60 Td (Shareholders have asked for reports that companies undertake studies to assure that all ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 649.40 Td (women and minorities are paid comparably with their counterparts, and for pay gap ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 636.20 Td (transparency) Tj ET Q q 0 0 0 rg BT 134.60 636.20 Td (. W) Tj ET Q q 0 0 0 rg BT 150.82 636.20 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 181.26 636.20 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 224.92 636.20 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 612.80 Td (Racial Stereotypes in Advertising ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 590.60 Td (Racial stereotyping persists in advertising and team logos, including the W) Tj ET Q q 0 0 0 rg BT 439.13 590.60 Td (ashington R) Tj ET Q q 0 0 0 rg BT 495.58 590.60 Td (edskins, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 577.40 Td (and the Cleveland Indians Chief W) Tj ET Q q 0 0 0 rg BT 249.76 577.40 Td (ahoo. Shareholders have asked companies to display ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 564.20 Td (more sensitivity toward the images they present. W) Tj ET Q q 0 0 0 rg BT 327.32 564.20 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 357.76 564.20 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 401.42 564.20 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 540.80 Td (Animal Equality) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 518.60 Td (Shareholders have put proposals to Boards for more vegan and animal-friendly policies, such ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 505.40 Td (as the availability of vegan meals, and the use of non-animal materials in products, e.g. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 492.20 Td (vegan leather for car seats. T) Tj ET Q q 0 0 0 rg BT 216.58 492.20 Td (o the extent that any resolution put to shareholders reduces the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 479.00 Td (use of animal derived materials in a companys product range and avoids the exploitation of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 465.80 Td (animals in any companys business practices, we will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 335.67 465.80 Td (support) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 376.01 465.80 Td ( these resolutions.) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 442.40 Td (ENVIRONMENT) Tj ET Q q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 148.55 442.40 Td ( ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 416.00 Td (Animal W) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 125.03 416.00 Td (elfare ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 393.80 Td (Shareholders have asked restaurants and other corporations to adopt animal welfare ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 380.60 Td (standards for their operations and suppliers worldwide, and to report these standards, and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 367.40 Td (their progress towards implementing these standards, to shareholders. Shareholders have also ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 354.20 Td (filed proposals addressing the practice of battery cages, asking supermarkets and other ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 341.00 Td (firms to adopt policies to purchase cage-free eggs. W) Tj ET Q q 0 0 0 rg BT 335.48 341.00 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 365.92 341.00 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 409.58 341.00 Td (these resolutions, whilst ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 327.80 Td (also maintaining that no use of animals whatsoever is our desired outcome. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 305.60 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 305.60 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 305.60 Td (support) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 151.65 305.60 Td ( resolutions asking companies to eliminate animal testing, considering the use ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 292.40 Td (of animals for testing neither necessary nor desirable, given the inaccuracy of results, and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 279.20 Td (given viable alternatives exist which should be more widely adopted. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 257.00 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 257.00 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 257.00 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 154.97 257.00 Td (resolutions that ask companies to phase out testing, and will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 458.65 257.00 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 243.80 Td (resolutions calling for more humane forms of slaughter) Tj ET Q q 0 0 0 rg BT 341.70 243.80 Td (, whilst also maintaining that no use of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 230.60 Td (animals whatsoever is our desired outcome. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 207.20 Td (Chemical Safety ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 185.00 Td (There is rising public awareness and concern about toxic chemicals in consumer products and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 171.80 Td (in the environment. Governments in Europe and elsewhere are acting to restrict the use of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 158.60 Td (toxic chemicals that remain in the environment for long periods, accumulate over time, or ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 145.40 Td (are associated with such health effects as cancer) Tj ET Q q 0 0 0 rg BT 313.72 145.40 Td (, mutations, birth defects, neurological ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 132.20 Td (disorders, and learning disabilities \(such as Mercury) Tj ET Q q 0 0 0 rg BT 325.75 132.20 Td (, PVCs, and P) Tj ET Q q 0 0 0 rg BT 390.93 132.20 Td (hthalates, described below\). ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 119.00 Td (Companies face increased risk of market exclusion, damage to their reputation, interruption ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 105.80 Td (of supply chains, and potential lawsuits as a result. T) Tj ET Q q 0 0 0 rg BT 333.73 105.80 Td (o protect and enhance shareholder ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 92.60 Td (value, companies should know what toxic chemicals are in their products, and work to lower ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 79.40 Td (toxic hazards and their associated costs. ) Tj ET Q endstream endobj 117 0 obj <> endobj 118 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-25) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (Shareholders have asked companies to do the following: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 689.70 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 689.70 Td (P) Tj ET Q q 0 0 0 rg BT 113.62 689.70 Td (hase out specific chemicals of concern that are used in their products where safer ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 676.50 Td (alternatives are available, or report on the feasibility of doing so ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 663.30 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 663.30 Td (R) Tj ET Q q 0 0 0 rg BT 113.96 663.30 Td (eport on the expected impact on their business of chemical regulation and emerging ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 650.10 Td (scientific findings ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 636.90 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 636.90 Td (Disclose their policies for identifying, handling, and marketing products containing ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 623.70 Td (potentially hazardous chemicals, and for seeking safer substitutes for these chemicals ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 610.50 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 610.50 Td (R) Tj ET Q q 0 0 0 rg BT 113.96 610.50 Td (eformulate products globally to meet the most stringent national or regional ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 597.30 Td (standards for toxic chemicals of high concern applicable to those products. ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 584.10 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 584.10 Td (T) Tj ET Q q 0 0 0 rg BT 113.02 584.10 Td (o comply with actions sought by the Campaign for Safe Cosmetics, including ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 570.90 Td (conducting an inventory of products containing chemicals of concern, proactively ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 557.70 Td (seeking safer alternatives, and public reporting on these efforts ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 535.50 Td (W) Tj ET Q q 0 0 0 rg BT 116.87 535.50 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 147.31 535.50 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 190.97 535.50 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 512.10 Td (Mercury-Containing Devices ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 489.90 Td (Mercury) Tj ET Q q 0 0 0 rg BT 109.89 489.90 Td (, a bioaccumulative neurotoxin contained in such devices as thermometers and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 476.70 Td (sphygmomanometers, poses a significant threat to public health. W) Tj ET Q q 0 0 0 rg BT 405.39 476.70 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 435.83 476.70 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 479.49 476.70 Td (resolutions ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 463.50 Td (asking corporations to phase out their production and/or sale of mercury-containing devices. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 440.10 Td (Nanotechnology Safety ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 417.90 Td (Nanomaterials are molecular-sized materials - much smaller than the head of a pin or a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 404.70 Td (human hair - increasingly used in consumer products. Because of their extremely small size, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 391.50 Td (these materials may easily enter the bloodstream when inhaled or swallowed, and possibly ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 378.30 Td (when applied to the skin. Shareholders have filed proposals seeking reports on the use of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 365.10 Td (nanomaterials, which may pose certain risks to human health. W) Tj ET Q q 0 0 0 rg BT 391.73 365.10 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 422.16 365.10 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 465.82 365.10 Td (these ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 351.90 Td (proposals. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 328.50 Td (PVCs \(Polyvinyl Chloride Plastics\), Phthalates ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 306.30 Td (PVCs are environmentally hazardous throughout their life cycle \(production, use, and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 293.10 Td (disposal\). Dioxin, a known human carcinogen, is created during the production of PVC ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 279.90 Td (feedstocks, as well as when PVCs are burned in waste incinerators. Among other things, dioxin ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 266.70 Td (has been linked to endocrine disruption, reproductive abnormalities, neurological problems, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 253.50 Td (and infertility in humans and animals. In addition, large amounts of chemicals called ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 240.30 Td (phthalates are used to manufacture flexible PVC products. A) Tj ET Q q 0 0 0 rg BT 382.48 240.30 Td ( commonly used phthalate ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 227.10 Td (plasticizer called di-ethylhexyl- phthalate \(DEHP\) is a probable reproductive toxicant, as well ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 213.90 Td (as a toxicant of the liver and kidney) Tj ET Q q 0 0 0 rg BT 248.92 213.90 Td (. ) Tj ET Q endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-26) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (PVCs are the primary component in 25% of all medical products. These include IV) Tj ET Q q 0 0 0 rg BT 471.85 711.90 Td (, blood, and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (enteral feeding bags; oxygen tubing and masks; dialysis tubing; enteral feeding tubes; ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 685.50 Td (examination gloves; and sterile packaging. Many non-PVC medical supplies \(IV bags, gloves, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 672.30 Td (plasma collection bags, and containers\) are currently available and others \(tubing, film for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 659.10 Td (collection bags, and blood bags\) are under development. W) Tj ET Q q 0 0 0 rg BT 365.95 659.10 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 396.39 659.10 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 440.05 659.10 Td (resolutions asking ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 645.90 Td (companies to phase out the manufacture of PVC- or phthalate-containing medical supplies ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 632.70 Td (where safe alternatives are available. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 610.50 Td (PVCs are also extensively used in building materials such as furniture and floor coverings. W) Tj ET Q q 0 0 0 rg BT 526.84 610.50 Td (e ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 597.30 Td (will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 93.12 597.30 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 136.79 597.30 Td (resolutions asking companies to report on the risks, financial costs and benefits, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 584.10 Td (and environmental and health impacts of the continued use of PVCs in these types of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 570.90 Td (products. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 547.50 Td (Greenhouse Gas Emissions and Climate Change ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 525.30 Td (In light of the severe climate-changing effects of greenhouse gas emissions from companies ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 512.10 Td (operations and products, shareholders have asked companies in a wide variety of industries, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 498.90 Td (including electric utility) Tj ET Q q 0 0 0 rg BT 189.51 498.90 Td (, oil, real estate, and manufacturing to report on these emissions ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 485.70 Td (\(using widely accepted formats such as the CDP\) and their progress towards reducing them, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 472.50 Td (and to report on how the company is responding to rising regulatory) Tj ET Q q 0 0 0 rg BT 407.19 472.50 Td (, competitive, and public ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 459.30 Td (pressure to significantly reduce carbon dioxide and other greenhouse gas emissions. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 437.10 Td (Companies have also been asked to tie executive compensation to progress in this area. In ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 423.90 Td (addition, oil companies have been asked about their progress toward developing renewable ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 410.70 Td (energy sources, and their efforts to comply with climate regulation, oil and gas companies ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 397.50 Td (have been asked to report and set targets for reduction of methane emissions in their ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 384.30 Td (operations due to intentional venting of natural gas or leakage, while electric utility ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 371.10 Td (companies have been asked to report on their progress in helping ratepayers conserve energy ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 357.90 Td (and in using benign sources of electricity to reduce CO2 emissions. Shareholders have also ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 344.70 Td (asked property and casualty insurance industry firms to report on their exposure to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 331.50 Td (potentially catastrophic risks from natural disasters brought on by worldwide climate change. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 318.30 Td (Increasingly) Tj ET Q q 0 0 0 rg BT 129.02 318.30 Td (, shareholders are asking companies to set science based greenhouse gas ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 305.10 Td (reduction targets. W) Tj ET Q q 0 0 0 rg BT 173.56 305.10 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 203.99 305.10 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 247.66 305.10 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 281.70 Td (Environmental Hazards to Community ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 259.50 Td (The public has a right to know whether a company uses substances that pose an ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 246.30 Td (environmental health or safety risk to a community in which it operates. Shareholders have ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 233.10 Td (asked companies to make information about these risks available to enable surrounding ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 219.90 Td (communities to assess a facilitys potential impact. W) Tj ET Q q 0 0 0 rg BT 337.69 219.90 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 368.13 219.90 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 411.79 219.90 Td (these resolutions. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 197.70 Td (Serious concerns have been raised about the practice of ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 352.62 197.70 Td (hydraulic fracturing ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 461.14 197.70 Td (to extract ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 184.50 Td (natural gas from shale deposits deep underground. Often, communities are not adequately ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 171.30 Td (apprised of potential risks to water and air) Tj ET Q q 0 0 0 rg BT 282.39 171.30 Td (, and are not provided adequate information during ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 158.10 Td (these operations. W) Tj ET Q q 0 0 0 rg BT 170.31 158.10 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 200.75 158.10 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 244.41 158.10 Td (proposals seeking greater transparency on the practice of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 144.90 Td (hydraulic fracturing and its associated risks to both communities and investors. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 121.50 Td (Environmental Reports ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 99.30 Td (Shareholders have asked companies to prepare general reports describing company programs, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 86.10 Td (progress, and future plans with respect to the reduction of the companys environmental ) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-27) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (impacts. Some requests have focused on specific environmental problems, such as hazardous ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (waste sites, pesticide sales and use, deforestation or seafood sourcing. Shareholders have also ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 685.50 Td (asked for reports on the environmental and occupational standards that companies require of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 672.30 Td (their suppliers and vendors. W) Tj ET Q q 0 0 0 rg BT 221.85 672.30 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 252.29 672.30 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 295.95 672.30 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 648.90 Td (Environmental Standards for International Electronics Industry Subcontractors ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 626.70 Td (The manufacture of semiconductors requires extensive use of toxic chemicals and the use and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 613.50 Td (discharge of large amounts of water) Tj ET Q q 0 0 0 rg BT 248.86 613.50 Td (. Shareholders have asked certain large U.S. electronics ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 600.30 Td (products companies to report on their policies for monitoring the environmental records of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 587.10 Td (their major overseas suppliers. W) Tj ET Q q 0 0 0 rg BT 237.15 587.10 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 267.58 587.10 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 311.24 587.10 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 563.70 Td (Forestry Practices ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 541.50 Td (According to the United Nations, forests are rapidly declining at a rate of 33 soccer fields per ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 528.30 Td (minute. Endangered forests are home to nearly 50% of the worlds species and 200 million ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 515.10 Td (indigenous people worldwide. These forests store extensive amounts of carbon and are ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 501.90 Td (critical to mitigating the effects of climate change. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 479.70 Td (The forest products industry is the largest industrial consumer of endangered forests. Many ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 466.50 Td (forests are unnecessarily threatened by industrial logging to meet the demand for paper ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 453.30 Td (products that are often used once and discarded. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 431.10 Td (Stemming this tide of destruction requires a change in how forests are managed, while also ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 417.90 Td (looking for opportunities to decrease paper use and increase recycled content. Companies can ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 404.70 Td (ensure that their wood products are harvested from sustainably managed forests by ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 391.50 Td (purchasing wood or wood fiber bearing the Forest Stewardship Council \(FSC\) seal. The FSC, a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 378.30 Td (third-party auditor) Tj ET Q q 0 0 0 rg BT 163.26 378.30 Td (, offers the only independent certification system in the world accepted by ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 365.10 Td (the conservation, aboriginal, and business communities. FSC certification recognizes forestry ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 351.90 Td (operations that adopt environmentally and socially responsible practices. In addition, virgin ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 338.70 Td (tree fiber from logging operations certified to FSC standards is increasingly available. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 316.50 Td (Shareholders have asked companies to review their policies on the sale of products containing ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 303.30 Td (material from old-growth or virgin forests to develop and implement comprehensive policies ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 290.10 Td (prohibiting the harvest and trade in products from old growth and endangered forests, to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 276.90 Td (phase out the use of paper from these sources, to report on the feasibility of phasing out the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 263.70 Td (use of non- FSC certified wood products, to increase the use of recycled material, and to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 250.50 Td (report generally on their progress toward implementing sustainable forestry policies. W) Tj ET Q q 0 0 0 rg BT 505.19 250.50 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 237.30 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 115.66 237.30 Td (these resolutions. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 215.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 215.10 Td (e will also ) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 134.00 215.10 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 176.65 215.10 Td (resolutions seeking reports on the companys forestry practices and use ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 201.90 Td (of certification schemes. W) Tj ET Q q 0 0 0 rg BT 207.37 201.90 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 237.81 201.90 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 281.47 201.90 Td (proposals asking companies to set appropriate ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 188.70 Td (policies to avoid contributing to deforestation and human rights abuses through the sourcing ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 175.50 Td (of these commodities, and to produce reports on the implementation of these policies. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 152.10 Td (Genetically Engineered \(GE\) Agricultural Products ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 129.90 Td (Shareholders have asked companies to delay marketing GE foods until testing proves these ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 116.70 Td (products to be safe over the long term. They have also asked companies that are currently ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 103.50 Td (marketing GE products to \(1\) label them as such; \(2\) adopt a policy to phase them out; \(3\) ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 90.30 Td (report on the financial and environmental costs, benefits, and risks associated with the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 77.10 Td (production and consumption of these products; \(4\) report on the companys internal controls ) Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-28) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (related to potential adverse impacts associated with GE organisms and/or \(5\) report on the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (feasibility of phasing them out, unless long-term testing proves them safe to humans, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 685.50 Td (animals, and the environment. W) Tj ET Q q 0 0 0 rg BT 236.25 685.50 Td (e will generally ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 315.50 685.50 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 359.16 685.50 Td (these resolutions, in accordance ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 672.30 Td (with our Screening P) Tj ET Q q 0 0 0 rg BT 173.13 672.30 Td (olicies, which oppose genetic modification. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 648.90 Td (Mining or Exploration and Production in Certain Environmentally Sensitive ) Tj ET Q BT /F7 12.00 Tf ET q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 634.50 Td (Regions ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 612.30 Td (Certain regions, such as the Arctic National W) Tj ET Q q 0 0 0 rg BT 298.20 612.30 Td (ildlife R) Tj ET Q q 0 0 0 rg BT 336.43 612.30 Td (efuge, the Boreal Forest or the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 599.10 Td (Okefenokee National W) Tj ET Q q 0 0 0 rg BT 187.57 599.10 Td (ildlife R) Tj ET Q q 0 0 0 rg BT 225.80 599.10 Td (efuge, are particularly environmentally sensitive. Shareholders ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 585.90 Td (have asked natural resource extraction companies to adopt a policy of not exploiting these ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 572.70 Td (regions. W) Tj ET Q q 0 0 0 rg BT 123.52 572.70 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 153.96 572.70 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 197.62 572.70 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 549.30 Td (Paper Production and Use - Chlorine Bleaching ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 527.10 Td (The insatiable demand for paper has led to clear-cutting of forest for pulp and the use of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 513.90 Td (chlorine bleaching to achieve whiteness in the end product. As both these practices have dire ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 500.70 Td (environmental consequences, shareholders have asked paper manufacturers to report on ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 487.50 Td (plans to phase out the production of paper using these processes. In addition, shareholders ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 474.30 Td (have also asked companies to report on steps taken to eliminate the use of chlorine bleaching ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 461.10 Td (in the production of their products. W) Tj ET Q q 0 0 0 rg BT 260.07 461.10 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 290.51 461.10 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 334.17 461.10 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 437.70 Td (Pollution Prevention, Recycling, and Product Life-Cycle Responsibility ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 415.50 Td (Implementation of pollution-prevention and recycling programs results in clear benefits to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 402.30 Td (corporations, shareholders, and the environment. Shareholders have asked corporations in ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 389.10 Td (environmentally risky industries to adopt a policy requiring each major facility to conduct an ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 375.90 Td (annual review of pollution-prevention measures. Shareholders have also asked companies to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 362.70 Td (adopt and report upon plans for the elimination from their operations of certain pollutants ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 349.50 Td (that cause severe environmental harm. Others have asked corporations to increase the use of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 336.30 Td (recycled materials in their production processes and/or to implement a strategy encouraging ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 323.10 Td (consumers to recycle company products. In addition, shareholders are increasingly asking ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 309.90 Td (companies to commit to taking responsibility for the environmental impact of their products ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 296.70 Td (during their entire life cycles and to report on the initiatives they use to achieve this ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 283.50 Td (objective. W) Tj ET Q q 0 0 0 rg BT 134.62 283.50 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 165.05 283.50 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 208.72 283.50 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 257.10 Td (Renewable Fuels and Energy Ef) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 249.11 257.10 Td (ficiency ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 231.90 Td (Burning coal and oil contributes to global climate change, acid rain, deteriorating air quality) Tj ET Q q 0 0 0 rg BT 529.47 231.90 Td (, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 218.70 Td (and related public health and environmental problems. In addition, the use of non-renewable ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 205.50 Td (fuels such as oil and coal is, by definition, an unsustainable business practice. Corporations ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 192.30 Td (can significantly reduce their negative impact on the environment by implementing more ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 179.10 Td (energy-efficient manufacturing processes and marketing more energy-efficient products. They ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 165.90 Td (may also do so through creating products and manufacturing processes that utilize renewable ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 152.70 Td (energy sources, several of which are currently cost-competitive. In addition, energy ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 139.50 Td (companies can help by increasing their investments in the development of renewable energy ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 126.30 Td (sources. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 104.10 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 104.10 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 104.10 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 154.97 104.10 Td (resolutions asking corporations to develop products and operations that are ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 90.90 Td (more energy-efficient and/or that rely on renewable fuel sources. W) Tj ET Q q 0 0 0 rg BT 412.25 90.90 Td (e will also ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 465.38 90.90 Td (support ) Tj ET Q endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-29) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (resolutions asking energy companies to increase their investments in the development of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (renewable energy sources. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 675.30 Td (Risks Linked to W) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 171.32 675.30 Td (ater Use ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 653.10 Td (There is a need for long-term corporate water use strategies. Corporations are exposed to the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 639.90 Td (following risks linked to water use: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 617.70 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 617.70 Td (Increasing water costs ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 604.50 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 604.50 Td (Increasing competition for water supplies ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 591.30 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 591.30 Td (Conflicts with local communities over water rights ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 578.10 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 578.10 Td (Risk of disruption of water supplies and its impact on business operations ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 555.90 Td (In particular) Tj ET Q q 0 0 0 rg BT 167.25 555.90 Td (, social investors are concerned with companies involved in the bottled-) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 542.70 Td (water industry) Tj ET Q q 0 0 0 rg BT 178.37 542.70 Td (. These companies risk the potential of being involved in water rights ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 529.50 Td (disputes with local communities. W) Tj ET Q q 0 0 0 rg BT 282.86 529.50 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 313.30 529.50 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 356.96 529.50 Td (resolutions requesting companies to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 516.30 Td (report on the business risks associated with water use and its impact on the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 503.10 Td (corporations supply chain, and steps taken to mitigate the impact on water supplies ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 489.90 Td (of communities near company operations. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 466.50 Td (HUMAN RIGHTS ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 436.10 Td (Af) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 83.76 436.10 Td (fordable HIV/AIDS, T) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 199.87 436.10 Td (uberculosis, Malaria, and Other Drugs for Developing ) Tj ET Q BT /F7 12.00 Tf ET q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 421.70 Td (Countries ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 399.50 Td (The vast majority of the millions of living with HIV/AIDS reside in developing countries. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 386.30 Td (T) Tj ET Q q 0 0 0 rg BT 76.96 386.30 Td (uberculosis \(TB\), a disease that is frequently a complication of AIDS, claims approximately 2 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 373.10 Td (million lives annually and is the worlds leading infectious killer) Tj ET Q q 0 0 0 rg BT 385.03 373.10 Td (. Malaria similarly claims ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 359.90 Td (approximately 1.1 million lives. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 337.70 Td (Shareholders have called on pharmaceutical companies in industrialized nations to develop ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 324.50 Td (and implement a policy to provide HIV/AIDS, TB, malaria, and other drug treatments in ways ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 311.30 Td (that the majority of people affected by these diseases in developing countries can afford. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 298.10 Td (These resolutions are intended to help provide relief to developing countries that are gravely ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 284.90 Td (suffering from these epidemics and to protect the intellectual property of their companies ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 271.70 Td (products in order to ensure their long-term profitability) Tj ET Q q 0 0 0 rg BT 346.65 271.70 Td (. W) Tj ET Q q 0 0 0 rg BT 362.87 271.70 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 393.31 271.70 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 436.97 271.70 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 248.30 Td (AIDS, T) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 111.12 248.30 Td (uberculosis, and Malaria - Impact on Operations ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 226.10 Td (According to UNAIDS, the Joint United Nations P) Tj ET Q q 0 0 0 rg BT 309.67 226.10 Td (rogramme on HIV/AIDS, in 2004, 39.4 million ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 212.90 Td (people were infected with HIV) Tj ET Q q 0 0 0 rg BT 221.07 212.90 Td (, and 3.1 million died from the disease. While two thirds of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 199.70 Td (global HIV cases remain in sub-Saharan Africa, infections are rising in every region of the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 186.50 Td (world. In addition, tuberculosis kills 2 million people per year) Tj ET Q q 0 0 0 rg BT 375.63 186.50 Td (, and malaria an additional ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 173.30 Td (million. India and R) Tj ET Q q 0 0 0 rg BT 167.91 173.30 Td (ussia have the steepest increases in HIV infection and are highly exposed ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 160.10 Td (to malaria and tuberculosis, respectively) Tj ET Q q 0 0 0 rg BT 272.54 160.10 Td (. UNAIDS stated that in order to achieve sustainable ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 146.90 Td (development in these regions, both the government and the private sector need to address ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 133.70 Td (the local AIDS epidemic. The private sector can do so through the provision of comprehensive ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 120.50 Td (workplace health coverage, counselling, testing, and treatment programs. In addition, the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 107.30 Td (HIV/AIDS, tuberculosis, and malaria pandemics may have a profound impact on companies ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 94.10 Td (that produce products essential to combating infectious diseases, and companies with ) Tj ET Q endstream endobj 127 0 obj <> endobj 128 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-30) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (significant operations in affected areas. W) Tj ET Q q 0 0 0 rg BT 281.76 711.90 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 312.20 711.90 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 355.86 711.90 Td (resolutions that call for corporate ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (reports on the impact of these diseases on corporate operations in affected areas. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 675.30 Td (Child Sexual Exploitation ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 653.10 Td (Each year more than two million children are exploited in the global commercial sex trade, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 639.90 Td (some of them as young as 5 years old, with an average age of 14. Child sex tourism is the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 626.70 Td (practice of foreigners sexually exploiting children in another country) Tj ET Q q 0 0 0 rg BT 411.14 626.70 Td (. It is an organized ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 613.50 Td (multibillion-dollar industry that includes tour guides, websites, and brothel maps. P) Tj ET Q q 0 0 0 rg BT 486.76 613.50 Td (roblem ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 600.30 Td (countries include Cambodia, Thailand, Costa Rica, Mexico, Dominican R) Tj ET Q q 0 0 0 rg BT 425.98 600.30 Td (epublic, Brazil, India, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 587.10 Td (and others. In 2003, ECP) Tj ET Q q 0 0 0 rg BT 191.78 587.10 Td (A) Tj ET Q q 0 0 0 rg BT 197.20 587.10 Td (T) Tj ET Q q 0 0 0 rg BT 201.76 587.10 Td (, the W) Tj ET Q q 0 0 0 rg BT 237.67 587.10 Td (orld T) Tj ET Q q 0 0 0 rg BT 265.35 587.10 Td (ourism Organization, created a Code of Conduct for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 573.90 Td (the P) Tj ET Q q 0 0 0 rg BT 97.30 573.90 Td (rotection of Children from Sexual Exploitation in T) Tj ET Q q 0 0 0 rg BT 345.95 573.90 Td (ravel and T) Tj ET Q q 0 0 0 rg BT 400.00 573.90 Td (ourism with funding from ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 560.70 Td (the United Nations. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 538.50 Td (Shareholders have filed resolutions asking companies involved in providing tourism services, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 525.30 Td (including hotels, to adopt a policy prohibiting the sexual exploitation of minors on company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 512.10 Td (premises in line with the ECP) Tj ET Q q 0 0 0 rg BT 215.13 512.10 Td (A) Tj ET Q q 0 0 0 rg BT 220.55 512.10 Td (T) Tj ET Q q 0 0 0 rg BT 226.74 512.10 Td ( code, and to report to shareholders on the implementation of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 498.90 Td (this policy) Tj ET Q q 0 0 0 rg BT 121.22 498.90 Td (. W) Tj ET Q q 0 0 0 rg BT 137.44 498.90 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 167.87 498.90 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 211.54 498.90 Td (these proposals and similar proposals seeking to protect children ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 485.70 Td (from other forms of sexual exploitation. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 462.30 Td (Choosing Where and How to Do Business \(Country Selection Criteria\) ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 440.10 Td (Companies choose where they will do business, where they will operate their factories, where ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 426.90 Td (they will subcontract their work or buy finished goods, and where they will extract natural ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 413.70 Td (resources. Shareholders have asked companies to develop guidelines for these choices that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 400.50 Td (include consideration of prevailing human rights conditions in that country) Tj ET Q q 0 0 0 rg BT 439.87 400.50 Td (, and to report on ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 387.30 Td (their due diligence process and metrics for measuring and reducing these risks. They have ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 374.10 Td (also asked companies to report on their relationships with individual governments that have ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 360.90 Td (poor human rights records, and on their operations in countries suspected of supporting ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 347.70 Td (terrorism. W) Tj ET Q q 0 0 0 rg BT 134.03 347.70 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 164.47 347.70 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 208.13 347.70 Td (these resolutions. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 325.50 Td (Because companies do not generally disclose all of the countries from which they source ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 312.30 Td (product, we will also ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 178.92 312.30 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 222.58 312.30 Td (proposals seeking disclosure of all countries that represent ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 299.10 Td (more than 5% of a companys global spend. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 275.70 Td (Financial Services Firms ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 253.50 Td (Global financial institutions play a critical role in ensuring the economic stability of local and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 240.30 Td (national economies, providing financing for a wide variety of development projects and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 227.10 Td (ensuring access to credit for individuals and institutions large and small. They have therefore ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 213.90 Td (been the subject of serious attention by concerned investors seeking to achieve a more just ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 200.70 Td (and sustainable economic system. For example, Amnesty International and others filed ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 187.50 Td (proposals with banks seeking policies to address the genocide in Darfur) Tj ET Q q 0 0 0 rg BT 421.96 187.50 Td (. These proposals ask ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 174.30 Td (these firms to issue reports on how their investment policies address or could address human ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 161.10 Td (rights issues. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 138.90 Td (Financial institutions have also received proposals seeking more complete disclosure to allow ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 125.70 Td (investors to understand the banks exposure to structured investment vehicles, structured ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 112.50 Td (securities, and conduits, and its policies to manage these risks. ) Tj ET Q endstream endobj 129 0 obj <> endobj 130 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-31) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (Banks have been asked to incorporate social and environmental standards into their ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (underwriting criteria, to adopt environmental commitments, such as the Equator P) Tj ET Q q 0 0 0 rg BT 482.05 698.70 Td (rinciples, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 685.50 Td (and to address their impact on climate change by ending financing or investment in ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 672.30 Td (mountaintop removal mining, construction of coal-fired plants or the coal industry generally) Tj ET Q q 0 0 0 rg BT 528.05 672.30 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 659.10 Td (Banks may also be questioned about their support of animal agriculture and other forms of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 645.90 Td (animal exploitation and to reduce their support of any company involved in such practices. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 623.70 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 623.70 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 111.31 623.70 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 154.97 623.70 Td (these proposals.) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 600.30 Td (International Lending and Economic Development ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 578.10 Td (P) Tj ET Q q 0 0 0 rg BT 77.62 578.10 Td (rograms enforced by the IMF and W) Tj ET Q q 0 0 0 rg BT 252.02 578.10 Td (orld Bank are supposed to help developing countries ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 564.90 Td (repay loans, but considerable evidence indicates their effects have included the following: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 542.70 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 542.70 Td (Encouraging capital flight from less economically developed countries ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 529.50 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 529.50 Td (Eroding human and natural resources ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 516.30 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 516.30 Td (Encouraging the inefficient use of capital ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 503.10 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 503.10 Td (Decreasing spending for health, education, and housing ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 489.90 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 489.90 Td (Undermining a countrys long-term capacity to repay its debts ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 467.70 Td (T) Tj ET Q q 0 0 0 rg BT 77.02 467.70 Td (o help remedy these matters, shareholders have asked financial services companies to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 454.50 Td (develop criteria for the evaluation, support, and use of intermediaries capable of promoting ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 441.30 Td (appropriate development in emerging economies. Others have asked for the disclosure of the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 428.10 Td (criteria used in extending loans to developing countries so as to avoid adding to their $1.3 ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 414.90 Td (trillion debt to industrialized countries. Shareholders have also asked companies to cancel ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 401.70 Td (debts owed to them by developing countries, particularly those designated as Heavily ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 388.50 Td (Indebted P) Tj ET Q q 0 0 0 rg BT 124.75 388.50 Td (oor Countries by the W) Tj ET Q q 0 0 0 rg BT 237.61 388.50 Td (orld Bank and the IMF) Tj ET Q q 0 0 0 rg BT 342.92 388.50 Td (. Still others have asked for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 375.30 Td (information on structural adjustment programs. W) Tj ET Q q 0 0 0 rg BT 321.05 375.30 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 351.49 375.30 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 395.15 375.30 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 351.90 Td (Money Laundering ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 329.70 Td (In order to prevent money laundering, shareholders have asked financial institutions not to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 316.50 Td (engage in financial transactions, including no correspondent or payable-through accounts, for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 303.30 Td (any financial institution that is not willing to provide the identity and address of the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 290.10 Td (participants in transactions or relationships or the identity of the beneficial ownership of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 276.90 Td (funds. W) Tj ET Q q 0 0 0 rg BT 114.89 276.90 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 145.33 276.90 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 188.99 276.90 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 253.50 Td (Global Companies - Standards of Conduct ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 231.30 Td (Global manufacturing, resource extraction, financial services, Internet sector) Tj ET Q q 0 0 0 rg BT 454.44 231.30 Td (, and other ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 218.10 Td (companies face complex issues arising from the diverse cultures and political and economic ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 204.90 Td (contexts in which they operate. Shareholders have asked companies to develop, adopt, and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 191.70 Td (continually improve codes of conduct to guide company policies, programs, and operations, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 178.50 Td (both within and outside their countries of origin, and to publicly report these policies. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 165.30 Td (Shareholders believe these codes should include policies designed to ensure the protection of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 152.10 Td (the environment and human rights, including the payment of just wages, the maintenance of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 138.90 Td (safe working conditions, the avoidance of child and forced labor) Tj ET Q q 0 0 0 rg BT 388.60 138.90 Td (, and the rights of freedom of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 125.70 Td (association and collective bargaining. Shareholders often ask companies to adhere to policies ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 112.50 Td (that conform to the International Labor Organizations Core Conventions, the United Nations ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 99.30 Td (Universal Declaration on Human Rights and the UN Guiding P) Tj ET Q q 0 0 0 rg BT 371.29 99.30 Td (rinciples on Business and Human ) Tj ET Q endstream endobj 131 0 obj <> endobj 132 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-32) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (Rights. Shareholders have also asked companies to investigate and report on particular human ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (rights controversies they face. W) Tj ET Q q 0 0 0 rg BT 234.61 698.70 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 265.05 698.70 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 308.71 698.70 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 675.30 Td (Supply Chain Standards ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 653.10 Td (The outcry against the use of offshore sweatshops by U.S. retailers that began in the late ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 639.90 Td (1990s, has many origins. Underlying those protests, however) Tj ET Q q 0 0 0 rg BT 369.60 639.90 Td (, is a common assumption: U.S. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 626.70 Td (corporations have the power to alter the conditions under which their vendors operate. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 613.50 Td (Shareholders have asked companies to adopt codes of conduct that incorporate, at a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 600.30 Td (minimum, the core conventions of the International Labor Organization, and to report on ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 587.10 Td (these standards, focusing especially on the workers rights to organize and bargain ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 573.90 Td (collectively) Tj ET Q q 0 0 0 rg BT 127.49 573.90 Td (, overall working conditions, and worker compensation. They have also asked for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 560.70 Td (\(1\) companies to use external, independent monitoring programs to ensure that their vendors ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 547.50 Td (comply with their standards; and \(2\) reports on companies efforts to implement and enforce ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 534.30 Td (their code of conduct. W) Tj ET Q q 0 0 0 rg BT 194.70 534.30 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 225.14 534.30 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 268.80 534.30 Td (these resolutions. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 512.10 Td (In an effort to ensure that migrant workers are protected from exploitation by unscrupulous ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 498.90 Td (labor brokers and other forms of forced labor) Tj ET Q q 0 0 0 rg BT 294.95 498.90 Td (, investors have asked companies to amend their ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 485.70 Td (codes and disclose specific remedial efforts taken to ensure that their global supply chain is ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 472.50 Td (free of forced or bonded labor) Tj ET Q q 0 0 0 rg BT 220.94 472.50 Td (, including any efforts to reimburse workers for recruitment ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 459.30 Td (fees that were paid. W) Tj ET Q q 0 0 0 rg BT 184.83 459.30 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 215.26 459.30 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 258.92 459.30 Td (these proposals. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 435.90 Td (Infant Formula ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 413.70 Td (Nutrition researchers have learned that substitution of infant formula for breast milk ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 400.50 Td (increases health risks to children. Shareholders have asked companies that produce infant ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 387.30 Td (formula to endorse the WHO/UNICEF Code of Marketing for Breast-Milk Substitutes. W) Tj ET Q q 0 0 0 rg BT 497.07 387.30 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 374.10 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 115.66 374.10 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 350.70 Td (Internet and T) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 152.87 350.70 Td (elecommunications Censorship and Surveillance ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 328.50 Td (The growth of the Internet and mobile telecommunication services offers considerable ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 315.30 Td (opportunities for global broad-based wealth creation, including the advancement of human ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 302.10 Td (rights. Companies involved in providing these services and technology are playing a leading ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 288.90 Td (role in building global communities and sharing knowledge. W) Tj ET Q q 0 0 0 rg BT 377.49 288.90 Td (e believe that government ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 275.70 Td (action to censor) Tj ET Q q 0 0 0 rg BT 150.05 275.70 Td (, monitor) Tj ET Q q 0 0 0 rg BT 194.55 275.70 Td (, isolate, and jail users of these technologies for exercising basic ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 262.50 Td (human rights outlined in the Universal Declaration of Human Rights threatens the ultimate ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 249.30 Td (realization of these benefits. W) Tj ET Q q 0 0 0 rg BT 227.96 249.30 Td (e believe these actions also present significant barriers to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 236.10 Td (growth for Internet and telecommunication sector businesses. As documented by Human ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 222.90 Td (Rights W) Tj ET Q q 0 0 0 rg BT 113.96 222.90 Td (atch and others, the presence of the Internet in repressive-regime countries can help ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 209.70 Td (dissidents and others stay informed about relevant political issues, and generally advance the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 196.50 Td (cause of human rights. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 174.30 Td (In response to revelations that certain U.S. companies are complying with government ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 161.10 Td (requests to assist in their efforts to censor and monitor the Internet, which in some cases has ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 147.90 Td (resulted in the imprisonment of dissidents, Shareholders have filed a variety of resolutions on ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 134.70 Td (this issue. W) Tj ET Q q 0 0 0 rg BT 133.55 134.70 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 163.99 134.70 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 207.65 134.70 Td (those resolutions that advance principles of freedom of expression ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 121.50 Td (and privacy by asking companies to adopt policies and procedures to safeguard these rights, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 108.30 Td (and to publicly report on their implementation, but will generally ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 400.90 108.30 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 441.04 108.30 Td (resolutions that ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 95.10 Td (require that Internet and telecommunication sector companies pull out of repressive-regime ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 81.90 Td (countries. ) Tj ET Q endstream endobj 133 0 obj <> endobj 134 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-33) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 711.20 Td (Justice for Indigenous Peoples ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 689.00 Td (Shareholders have asked natural resource extraction companies to report on their operations ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 675.80 Td (on indigenous lands and to address the impact and implications of their activities on both the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 662.60 Td (land and the people. Shareholders have also asked these companies to cease operations on ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 649.40 Td (indigenous lands that have an adverse environmental, socioeconomic, or human rights impact ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 636.20 Td (on the local population. W) Tj ET Q q 0 0 0 rg BT 202.67 636.20 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 233.11 636.20 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 276.77 636.20 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 612.80 Td (Mexico - Maquiladoras ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 590.60 Td (Maquiladoras are facilities operated by U.S. companies just south of the U.S.-Mexico border) Tj ET Q q 0 0 0 rg BT 525.14 590.60 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 577.40 Td (There, Mexican workers - paid a fraction of what U.S. workers would require to subsist - ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 564.20 Td (assemble parts made in the U.S. and ship the finished goods north. Shareholders may ask ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 551.00 Td (corporations management to do the following: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 528.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 528.80 Td (Initiate a review of their maquiladora operations, addressing issues such as ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 515.60 Td (environmental health and safety) Tj ET Q q 0 0 0 rg BT 267.25 515.60 Td (, or fair employment and wage practices, as well as ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 502.40 Td (standards of living and community impact ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 489.20 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 489.20 Td (P) Tj ET Q q 0 0 0 rg BT 113.62 489.20 Td (repare a report with recommendations for changes in light of the findings W) Tj ET Q q 0 0 0 rg BT 490.48 489.20 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 108.00 476.00 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 151.66 476.00 Td (these resolutions.) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 452.60 Td (Privacy Rights ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 430.40 Td (R) Tj ET Q q 0 0 0 rg BT 77.96 430.40 Td (evelations that telecommunications and Internet firms provided access to customer phone ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 417.20 Td (records and communications data to the U.S. National Security Agency have prompted ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 404.00 Td (shareholders to ask companies to report on these practices, including steps the company is ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 390.80 Td (taking to protect its customers private records to ensure that such records are only released ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 377.60 Td (when required by law) Tj ET Q q 0 0 0 rg BT 177.70 377.60 Td (. W) Tj ET Q q 0 0 0 rg BT 193.92 377.60 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 224.36 377.60 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 268.02 377.60 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 354.20 Td (Questionable Overseas Payments ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 332.00 Td (U.S. corporations can provide valuable goods and services to developing countries that help ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 318.80 Td (them attain a higher standard of living. At the same time, corporations doing business in ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 305.60 Td (these countries must be certain they are not violating provisions of the Foreign Corrupt ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 292.40 Td (P) Tj ET Q q 0 0 0 rg BT 77.62 292.40 Td (ractices Act that prohibit the accepting of bribes and other questionable payments. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 279.20 Td (Shareholders have asked companies to audit their foreign contracts to ensure that no ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 266.00 Td (violations of the Foreign Corrupt P) Tj ET Q q 0 0 0 rg BT 242.00 266.00 Td (ractices Act are occurring. W) Tj ET Q q 0 0 0 rg BT 384.82 266.00 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 415.26 266.00 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 458.92 266.00 Td (these ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 252.80 Td (resolutions. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 229.40 Td (MILIT) Tj ET Q q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 99.07 229.40 Td (ARISM AND VIOLENCE ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 206.00 Td (Firearms Sales ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 183.80 Td (V) Tj ET Q q 0 0 0 rg BT 78.26 183.80 Td (iolence in the U.S. has increasingly become a major concern. T) Tj ET Q q 0 0 0 rg BT 389.30 183.80 Td (ens of thousands of Americans ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 170.60 Td (die annually due to gunfire, including many children. R) Tj ET Q q 0 0 0 rg BT 343.98 170.60 Td (estricting easy access to guns is one ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 157.40 Td (way of reducing the possibility of gun violence. W) Tj ET Q q 0 0 0 rg BT 317.82 157.40 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 348.26 157.40 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 391.92 157.40 Td (resolutions that ask certain ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 144.20 Td (mainstream retail companies to stop selling firearms and related ammunition, and to return ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 131.00 Td (all inventories and related ammunition to their manufacturers. ) Tj ET Q endstream endobj 135 0 obj <> endobj 136 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-34) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 711.20 Td (V) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 79.63 711.20 Td (iolence in Childrens Programming and in V) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 323.40 711.20 Td (ideo Games ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 689.00 Td (Childrens television programming can regularly expose children to numerous acts of violence. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 675.80 Td (By the time children finish elementary school, on average they have watched 8,000 murders ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 662.60 Td (and 100,000 acts of violence. Shareholders have asked media companies and program ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 649.40 Td (sponsors for reports on standards for production and mechanisms for monitoring violent ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 636.20 Td (programming. W) Tj ET Q q 0 0 0 rg BT 153.03 636.20 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 183.47 636.20 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 227.13 636.20 Td (these resolutions. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 614.00 Td (In addition, researchers have raised concern that playing violent video games may lead to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 600.80 Td (violent behavior among children and adolescents. Shareholders have asked retailers to report ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 587.60 Td (on their marketing policies for violent video games. W) Tj ET Q q 0 0 0 rg BT 340.05 587.60 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 370.49 587.60 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 414.15 587.60 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 564.20 Td (W) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 82.47 564.20 Td (orkplace V) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 143.06 564.20 Td (iolence ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 542.00 Td (The Bureau of Labor Statistics Census of Fatal Occupational Injuries has documented the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 528.80 Td (significant number of fatal work injuries caused by intentional acts of violence, particularly ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 515.60 Td (for female workers. In keeping with the recommendations of the U.S. Occupational Safety and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 502.40 Td (Health Administration, shareholders have asked corporations to develop violence prevention ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 489.20 Td (programs in the workplace. W) Tj ET Q q 0 0 0 rg BT 219.66 489.20 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 250.09 489.20 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 293.76 489.20 Td (these resolutions. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 72.00 465.80 Td (T) Tj ET Q q 0.9294117647058824 0.49019607843137253 0.19215686274509805 rg BT 78.30 465.80 Td (OBACCO ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 442.40 Td (Insurance and Healthcare Companies Investing in T) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 361.38 442.40 Td (obacco ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 420.20 Td (Shareholders have asked insurance and healthcare company boards to report on the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 407.00 Td (appropriateness of investments in the tobacco industry) Tj ET Q q 0 0 0 rg BT 342.91 407.00 Td (. They have also asked for reports on ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 393.80 Td (the impact of smoking on benefit payments for death, disease, and property loss. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 380.60 Td (Shareholders have also asked insurance companies and healthcare providers not to invest in ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 367.40 Td (the stocks of tobacco companies. W) Tj ET Q q 0 0 0 rg BT 248.93 367.40 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 279.37 367.40 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 323.03 367.40 Td (these resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 344.00 Td (Limitation on T) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 158.96 344.00 Td (obacco Sales to Minors and Others ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 321.80 Td (Shareholders have submitted proposals asking management of grocery chains, convenience ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 308.60 Td (stores, service stations, and pharmacies to implement programs to ensure that they do not ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 295.40 Td (sell tobacco products to minors, to restrict the promotion and marketing of tobacco products ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 282.20 Td (both in the U.S. and abroad, and/or to stop selling them altogether) Tj ET Q q 0 0 0 rg BT 404.90 282.20 Td (. W) Tj ET Q q 0 0 0 rg BT 421.12 282.20 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 451.56 282.20 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 495.22 282.20 Td (these ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 269.00 Td (resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 245.60 Td (Sales of Non-T) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 152.88 245.60 Td (obacco Products to T) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 272.11 245.60 Td (obacco Industry ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 223.40 Td (Shareholders have asked companies making significant sales of non-tobacco products to the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 210.20 Td (tobacco industry to study the effects of ending these transactions or to stop immediately) Tj ET Q q 0 0 0 rg BT 512.24 210.20 Td (. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 197.00 Td (Shareholders have also asked companies to study the health impact of certain products sold ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 183.80 Td (to the tobacco industry that become part of tobacco products. W) Tj ET Q q 0 0 0 rg BT 394.75 183.80 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 425.19 183.80 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 468.85 183.80 Td (these ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 170.60 Td (resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 147.20 Td (Smoke-Free Restaurants, hotels and other hospitality venues) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 125.00 Td (Exposure to second-hand smoke from cigarettes can be harmful to the health of non-smokers. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 111.80 Td (Shareholders have asked restaurant companies to adopt a smoke-free policy) Tj ET Q q 0 0 0 rg BT 447.27 111.80 Td (. W) Tj ET Q q 0 0 0 rg BT 463.49 111.80 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 493.93 111.80 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 98.60 Td (these resolutions. ) Tj ET Q endstream endobj 137 0 obj <> endobj 138 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-35) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 711.20 Td (T) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 78.88 711.20 Td (obacco Advertising ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 686.00 Td (T) Tj ET Q q 0 0 0 rg BT 77.02 686.00 Td (obacco is among the most heavily advertised products in the U.S. Shareholders have asked ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 672.80 Td (media companies that profit from cigarette advertising to do the following: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 653.60 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 653.60 Td (Develop policies and practices that would ensure that cigarette advertising is not ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 640.40 Td (manipulative or misleading ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 627.20 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 627.20 Td (V) Tj ET Q q 0 0 0 rg BT 113.75 627.20 Td (oluntarily adopt the 1996 Food and Drug Administration regulations pertaining to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 614.00 Td (tobacco advertising ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 600.80 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 600.80 Td (Assure that tobacco ads are not youth-friendly ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 587.60 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 587.60 Td (Assess the financial impact of refusing to run tobacco ads ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 574.40 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 574.40 Td (Develop counter-tobacco ad campaigns funded from the revenues they receive from ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 561.20 Td (tobacco advertising ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 548.00 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 548.00 Td (P) Tj ET Q q 0 0 0 rg BT 113.62 548.00 Td (repare reports that address the media's role in encouraging smoking, particularly ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 534.80 Td (among children ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.00 512.60 Td (Shareholders have also asked media firms to review and report on the ways in which ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.00 499.40 Td (smoking is portrayed in films and television programming. W) Tj ET Q q 0 0 0 rg BT 388.53 499.40 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 418.96 499.40 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 462.63 499.40 Td (these ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 90.00 486.20 Td (resolutions. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 462.80 Td (T) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 78.88 462.80 Td (obacco Smoke in the Environment ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 440.60 Td (The hazards of tobacco smoke in the environment - particularly indoors - are well ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 427.40 Td (documented. Shareholders have requested that a company refrain from efforts to undermine ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 414.20 Td (legislation geared toward restricting smoking in public places and to adopt smoke-free ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 401.00 Td (policies. W) Tj ET Q q 0 0 0 rg BT 125.67 401.00 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 156.11 401.00 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 199.77 401.00 Td (these resolutions. ) Tj ET Q BT /F6 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.4392156862745098 0.6784313725490196 0.2784313725490196 rg BT 72.00 376.40 Td (Adaptation of P) Tj ET Q q 0.4392156862745098 0.6784313725490196 0.2784313725490196 rg BT 162.16 376.40 Td (olicies to Non-U.S. Markets ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 354.20 Td (The general principles guiding Beyond Investings proxy voting practices apply globally) Tj ET Q q 0 0 0 rg BT 497.59 354.20 Td (, and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 341.00 Td (we will seek to apply these Guidelines consistently in all markets. However) Tj ET Q q 0 0 0 rg BT 442.98 341.00 Td (, significant ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 327.80 Td (differences between the U.S. and other markets may require modification of the application ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 314.60 Td (of the P) Tj ET Q q 0 0 0 rg BT 110.59 314.60 Td (olicies for certain non-U.S. markets. W) Tj ET Q q 0 0 0 rg BT 302.65 314.60 Td (e will not, however) Tj ET Q q 0 0 0 rg BT 396.90 314.60 Td (, lower our standards to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 301.40 Td (conform to local market practice. W) Tj ET Q q 0 0 0 rg BT 251.76 301.40 Td (e will always seek to hold companies to best practices ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 288.20 Td (within their markets. Our policies, therefore, will serve as the baseline, but where local best ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 275.00 Td (practices exceed our policies, we will apply the higher standard. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 251.60 Td (Shareblocking and Other Obstacles to V) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 297.19 251.60 Td (oting ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 229.40 Td (Certain countries impose shareblocking restrictions, meaning that a shareholder is ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 216.20 Td (prevented from trading shares for a period of time between the date of the deadline for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 203.00 Td (submission of the vote and the annual meeting \(these restrictions vary from country to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 189.80 Td (country\). Beyond Investing will seek to vote its shares for every holding in its portfolio. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 176.60 Td (However) Tj ET Q q 0 0 0 rg BT 113.38 176.60 Td (, we will forego the opportunity to vote when, shareblocking restrictions would ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 163.40 Td (impair our ability to effectively manage our Funds portfolios, for example around an Index ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 150.20 Td (rebalance.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 128.00 Td (In addition, due to particularly onerous procedural impediments in certain countries, we will ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 114.80 Td (not always be assured of our ability to vote our clients shares, and in certain circumstances ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 101.60 Td (may choose not to vote where we believe it may not be in our clients best interests to cast a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 88.40 Td (vote. W) Tj ET Q q 0 0 0 rg BT 109.87 88.40 Td (e may also miss opportunities to vote our shares when companies fail to provide ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 75.20 Td (information in a timely manner or when custodial or proxy advisory delays prevent us from ) Tj ET Q endstream endobj 139 0 obj <> endobj 140 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-36) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (voting our shares on time. W) Tj ET Q q 0 0 0 rg BT 213.50 711.90 Td (e may also choose not to vote in certain markets that impose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (fees for voting proxies. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 675.30 Td (Availability of Information ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 653.10 Td (The availability of information necessary to make informed voting decisions varies widely in ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 639.90 Td (non-U.S. markets. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 617.70 Td (It is common for European companies, for example, to seek shareholder approval of company ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 604.50 Td (financial statements. In many cases, however) Tj ET Q q 0 0 0 rg BT 295.90 604.50 Td (, companies fail to provide their financial ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 591.30 Td (statements in a timely manner) Tj ET Q q 0 0 0 rg BT 222.13 591.30 Td (. Although this is considered a routine matter) Tj ET Q q 0 0 0 rg BT 456.69 591.30 Td (, where we are ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 578.10 Td (being asked to approve a report that has not been received, we will vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 436.91 578.10 Td (against ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 478.80 578.10 Td (the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 564.90 Td (proposal. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 542.70 Td (Where we are being asked to vote on an item where we have insufficient information to apply ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 529.50 Td (our guideline \(such as auditor independence\), we will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 340.74 529.50 Td (abstain) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 379.95 529.50 Td (, unless it is clear market ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 516.30 Td (practice in that country to provide the required information, in which case we will vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 503.10 Td (against ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 113.88 503.10 Td (the proposal. As stated below) Tj ET Q q 0 0 0 rg BT 259.08 503.10 Td (, where we cannot determine the independence of a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 489.90 Td (director) Tj ET Q q 0 0 0 rg BT 109.96 489.90 Td (, we will assume that director is not independent. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 466.50 Td (Bundled Proposals ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 444.30 Td (Frequently) Tj ET Q q 0 0 0 rg BT 123.88 444.30 Td (, non-U.S. companies bundle proposals, meaning that they combine several ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 431.10 Td (issues into one vote. W) Tj ET Q q 0 0 0 rg BT 185.64 431.10 Td (e believe that shareholders should have the opportunity to vote on ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 417.90 Td (each individual issue. W) Tj ET Q q 0 0 0 rg BT 190.23 417.90 Td (e will vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 245.64 417.90 Td (against ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 287.52 417.90 Td (bundled proposals should there be reason to vote ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 404.70 Td (against any individual issue presented, but will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 307.31 404.70 Td (support ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 350.97 404.70 Td (the proposal if we would have ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 391.50 Td (supported each issue had they been presented individually) Tj ET Q q 0 0 0 rg BT 360.50 391.50 Td (. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 368.10 Td (Election of Directors ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 345.90 Td (W) Tj ET Q q 0 0 0 rg BT 80.87 345.90 Td (e strongly believe that directors should be elected individually) Tj ET Q q 0 0 0 rg BT 389.44 345.90 Td (. In France, where it is ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 332.70 Td (market practice to present directors individually) Tj ET Q q 0 0 0 rg BT 311.13 332.70 Td (, and Germany) Tj ET Q q 0 0 0 rg BT 382.43 332.70 Td (, where it is recommended best ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 319.50 Td (practice, we will vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 183.51 319.50 Td (against ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 225.40 319.50 Td (all director slates that are presented as a bundled proposal. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 297.30 Td (In other countries, where it is common practice to bundle these proposals, we will vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 72.00 284.10 Td (against ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 113.88 284.10 Td (the entire slate if we have reason to oppose any individual director) Tj ET Q q 0 0 0 rg BT 445.36 284.10 Td (, where, for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 270.90 Td (example, an individual non-independent director sits on a key committee, or if the board ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 257.70 Td (does not include any women. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 235.50 Td (Due to the difficulty of obtaining information about the background of directors at non-US ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 222.30 Td (companies and in consideration of the local context, we will only consider race and ethnicity ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 209.10 Td (when applying our board diversity guideline in jurisdictions where we are able to obtain ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 195.90 Td (consistent data \(currently) Tj ET Q q 0 0 0 rg BT 198.55 195.90 Td (, Australia, Canada and the United K) Tj ET Q q 0 0 0 rg BT 378.54 195.90 Td (ingdom\). W) Tj ET Q q 0 0 0 rg BT 434.63 195.90 Td (e will apply our ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 182.70 Td (voting policy on gender consistently in all markets. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 160.50 Td (In all markets, we will vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 210.46 160.50 Td (against ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 252.34 160.50 Td (the election or reelection of any director whose name is ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 147.30 Td (not disclosed. Where information is not provided to determine the independence of the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 134.10 Td (director) Tj ET Q q 0 0 0 rg BT 109.96 134.10 Td (, we will assume the director is not independent. Where the board does not include ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 120.90 Td (an audit or remuneration committee, we will assume the entire board serves in that capacity ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 107.70 Td (and will vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 139.32 107.70 Td (against ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 181.21 107.70 Td (any non-independent directors. ) Tj ET Q endstream endobj 141 0 obj <> endobj 142 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-37) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (In Sweden, some companies have sought permission to have the Board Chair and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (representatives of the firms largest shareholders \(who are not directors\) serve on the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 685.50 Td (nominating committee. W) Tj ET Q q 0 0 0 rg BT 200.00 685.50 Td (e will ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 230.44 685.50 Td (oppose ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 270.58 685.50 Td (these proposals, as we believe only independent ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 672.30 Td (board members should serve on this key committee. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 650.10 Td (In Germany) Tj ET Q q 0 0 0 rg BT 127.10 650.10 Td (, and other countries where up to half of the board must consist of employee ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 636.90 Td (representatives, we will exclude board members appointed by the government, employees' ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 623.70 Td (representative\(s\), and employee shareholders' representative\(s\) when determining whether ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 610.50 Td (the board consists of a majority of independent directors. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 587.10 Td (Japan and Brazil- Statutory Auditors) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1843137254901961 0.32941176470588235 0.5882352941176471 rg BT 72.00 563.70 Td (Japan) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 103.57 563.70 Td (: W) Tj ET Q q 0 0 0 rg BT 119.79 563.70 Td (e will generally vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 224.01 563.70 Td (for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 243.01 563.70 Td (the election of statutory auditors, unless: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 541.50 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 541.50 Td (The outside statutory auditor nominee is regarded as non- independent based on ISS ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 528.30 Td (independence criteria for Japan; or ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 515.10 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 515.10 Td (The outside statutory nominee attended less than 75 percent of meetings of the board ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 501.90 Td (of directors or board of statutory auditors during the year under review; or ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 488.70 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 488.70 Td (The statutory auditor is judged to be responsible for clear mismanagement or ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 475.50 Td (shareholder-unfriendly behavior; or ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 462.30 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 462.30 Td (Egregious actions related to a statutory auditor's service on other boards that raise ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 449.10 Td (substantial doubt about his or her ability to effectively oversee management and serve ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 435.90 Td (the best interests of shareholders at any company) Tj ET Q q 0 0 0 rg BT 353.89 435.90 Td (. ) Tj ET Q BT /F6 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1843137254901961 0.32941176470588235 0.5882352941176471 rg BT 108.00 412.50 Td (Brazil) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 138.42 412.50 Td (: W) Tj ET Q q 0 0 0 rg BT 154.64 412.50 Td (e will vote ) Tj ET Q BT /F7 11.00 Tf ET q 0 0 0 rg BT 210.04 412.50 Td (for ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 229.05 412.50 Td (the appointment or \(re\)election of fiscal council members, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 399.30 Td (unless: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 377.10 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 377.10 Td (The name of the management nominee\(s\) is not disclosed in a timely manner prior to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 363.90 Td (the meeting; ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 350.70 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 350.70 Td (There are serious concerns about the statutory reports presented or the audit ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 337.50 Td (procedures used; ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 324.30 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 324.30 Td (Questions exist concerning any of the statutory auditors being appointed; or ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 311.10 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 311.10 Td (The auditors have previously served the company in an executive capacity or can ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 297.90 Td (otherwise be considered affiliated with the company) Tj ET Q q 0 0 0 rg BT 368.06 297.90 Td (. ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 284.70 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 284.70 Td (Minority shareholders have presented timely disclosure of minority fiscal council ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 271.50 Td (nominee\(s\) to be elected under separate elections, as allowed under Brazilian law) Tj ET Q q 0 0 0 rg BT 514.53 271.50 Td (. ) Tj ET Q endstream endobj 143 0 obj <> endobj 144 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-38) Tj ET Q BT /F6 16.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.26666666666666666 0.32941176470588235 0.41568627450980394 rg BT 72.00 708.25 Td (PROXY) Tj ET Q q 0.26666666666666666 0.32941176470588235 0.41568627450980394 rg BT 118.76 708.25 Td ( VOTING PROCEDURES ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 683.05 Td (These P) Tj ET Q q 0 0 0 rg BT 109.78 683.05 Td (rocedures are designed to ensure that all proxies for Beyond Investing has voting ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 669.85 Td (authority are cast in the best interests of Fund shareholders.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 647.65 Td (The Board of T) Tj ET Q q 0 0 0 rg BT 143.60 647.65 Td (rustees \(BOT\) of Funds to which Beyond Investing is the Adviser has ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 634.45 Td (delegated the responsibility to vote proxies for the Funds to Beyond Investing. The BOT) Tj ET Q q 0 0 0 rg BT 504.67 634.45 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 621.25 Td (reviews and adopts Beyond Investings P) Tj ET Q q 0 0 0 rg BT 269.66 621.25 Td (roxy V) Tj ET Q q 0 0 0 rg BT 299.84 621.25 Td (oting P) Tj ET Q q 0 0 0 rg BT 333.71 621.25 Td (olicies and P) Tj ET Q q 0 0 0 rg BT 395.19 621.25 Td (rocedures on an annual basis ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 608.05 Td (on behalf of the Funds, and receives annual reports regarding the execution of its proxy ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 594.85 Td (voting duties. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 572.65 Td (P) Tj ET Q q 0 0 0 rg BT 77.62 572.65 Td (rimary responsibility for the proxy voting function at Beyond Investing rests with its Head of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 559.45 Td (Fundamental R) Tj ET Q q 0 0 0 rg BT 145.50 559.45 Td (esearch and Director of Corporate Engagement. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 537.25 Td (Beyond Investings primary responsibilities include the following: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 515.05 Td (1. ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 108.00 515.05 Td (Developing the Proxy V) Tj ET Q q 0 0 0 rg BT 221.99 515.05 Td (oting Policies) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 288.30 515.05 Td (: These P) Tj ET Q q 0 0 0 rg BT 333.24 515.05 Td (olicies are reviewed on at least an annual ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 501.85 Td (basis, and updated, when necessary) Tj ET Q q 0 0 0 rg BT 284.44 501.85 Td (, to reflect new issues raised by shareholder ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 488.65 Td (activists, regulatory changes and other developments. The BOT) Tj ET Q q 0 0 0 rg BT 421.04 488.65 Td ( has delegated to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 475.45 Td (Beyond Investing the authority to make non-material amendments to the policies and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 462.25 Td (procedures as necessary) Tj ET Q q 0 0 0 rg BT 225.98 462.25 Td (, subject to annual ratification. ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 449.05 Td (2. ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 108.00 449.05 Td (V) Tj ET Q q 0 0 0 rg BT 113.59 449.05 Td (oting) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 139.01 449.05 Td (: Beyond Investing will vote in accordance with the P) Tj ET Q q 0 0 0 rg BT 401.01 449.05 Td (olicies, up to the cut off ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 435.85 Td (date for submitting the vote. Where there are unique circumstances that require ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 422.65 Td (further examination, Beyond Investing may draw upon a variety of materials such as ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 409.45 Td (independent research, newspaper reports, academic studies, non-governmental ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 396.25 Td (organizations with expertise in the particular issue being voted on, affected ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 383.05 Td (stakeholders, and corporate SEC filings, including managements position on the issue ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 369.85 Td (in question, to determine its voting preference. ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 356.65 Td (3. ) Tj ET Q BT /F8 11.00 Tf ET q 0 0 0 rg BT 108.00 356.65 Td (Annual Update and Reporting:) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 258.21 356.65 Td ( Beyond Investing shall review and update the P) Tj ET Q q 0 0 0 rg BT 494.38 356.65 Td (olicies ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 343.45 Td (no less frequently than annually) Tj ET Q q 0 0 0 rg BT 265.16 343.45 Td (. Such P) Tj ET Q q 0 0 0 rg BT 304.20 343.45 Td (olicies with be submitted to the Funds Board ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 330.25 Td (of T) Tj ET Q q 0 0 0 rg BT 126.26 330.25 Td (rustees for its annual review of applicable proxy voting policies.) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 303.85 Td (Reporting to the Board of T) Tj ET Q q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 228.76 303.85 Td (rustees of any Fund to which Beyond Advisors is an ) Tj ET Q BT /F7 12.00 Tf ET q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 289.45 Td (Adviser) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 264.25 Td (Beyond Investing is responsible for ensuring that the following reporting duties are ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 251.05 Td (performed: ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 228.85 Td (\(a\) Annual preparation and filing of Form N-PX, containing an annual record of all votes cast ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 215.65 Td (for each Fund. The Form will be posted to Beyond Investings website and on the SECs ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 202.45 Td (website at ) Tj ET Q BT /F8 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0.0196078431372549 0.38823529411764707 0.7568627450980392 RG /GS0 gs 0.68 w 0 i [] 0 d 1 J 1 j 3 M 127.0322265625 200.70708007812505 m 190.64208984375 200.70708007812505 l s q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 127.03 202.45 Td (www) Tj ET Q q 0.0196078431372549 0.38823529411764707 0.7568627450980392 rg BT 150.33 202.45 Td (.sec.gov) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 190.64 202.45 Td (; ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 180.25 Td (\(b\) Annual review and update of proxy voting information in Form ADV) Tj ET Q q 0 0 0 rg BT 417.86 180.25 Td (, P) Tj ET Q q 0 0 0 rg BT 430.83 180.25 Td (art II, the Statement ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 167.05 Td (of Additional Information for Beyond Investing Funds and the Funds shareholder reports) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 140.65 Td (Recordkeeping) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 115.45 Td (Beyond Investing will maintain the following records: ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 93.25 Td (\(a\) the P) Tj ET Q q 0 0 0 rg BT 114.47 93.25 Td (rocedures and P) Tj ET Q q 0 0 0 rg BT 193.13 93.25 Td (olicies, as amended from time to time; ) Tj ET Q endstream endobj 145 0 obj <> endobj 146 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.70 60.60 Td (A-39) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 711.90 Td (\(b\) any documents prepared or reviewed by Beyond Investing that were material to making a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 698.70 Td (voting decision, or that memorialized the basis for that decision. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 676.50 Td (These records will be maintained in an easily accessible location for at least five years from ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 663.30 Td (the end of the fiscal year during which the last entry was made on such record. ) Tj ET Q BT /F7 12.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.6470588235294118 0.6470588235294118 0.6470588235294118 rg BT 72.00 636.90 Td (Conflicts of Interest ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 611.70 Td (P) Tj ET Q q 0 0 0 rg BT 77.62 611.70 Td (otential conflicts of interest may present themselves in these circumstances: ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 589.50 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 589.50 Td (A) Tj ET Q q 0 0 0 rg BT 113.88 589.50 Td ( significant vendor) Tj ET Q q 0 0 0 rg BT 203.70 589.50 Td (, business partner) Tj ET Q q 0 0 0 rg BT 290.27 589.50 Td (, client or Fund shareholder may have a vested ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 576.30 Td (interest in the outcome of a proxy vote. ) Tj ET Q BT /F6 10.00 Tf ET q 0 0 0 rg BT 90.00 563.10 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 563.10 Td (A) Tj ET Q q 0 0 0 rg BT 113.88 563.10 Td ( principal of Beyond Investing involved in the proxy voting function may have a ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 549.90 Td (personal or business relationship with the proponent of a shareholder proposal or an ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 108.00 536.70 Td (issuer) Tj ET Q q 0 0 0 rg BT 134.76 536.70 Td (, or may otherwise have a vested interest in the outcome of a proxy vote. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 514.50 Td (P) Tj ET Q q 0 0 0 rg BT 77.62 514.50 Td (roxy voting policies and procedures are designed to ensure that all proxies are voted in the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 501.30 Td (best interests of all of our clients and Fund shareholders by isolating the proxy voting function ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 488.10 Td (from potential conflicts of interest, to the extent possible. Most importantly) Tj ET Q q 0 0 0 rg BT 449.41 488.10 Td (, the majority of ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 474.90 Td (the P) Tj ET Q q 0 0 0 rg BT 97.30 474.90 Td (olicies are predetermined, meaning that they outline an issue and determine a specific ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 461.70 Td (vote. W) Tj ET Q q 0 0 0 rg BT 110.23 461.70 Td (ith few exceptions, these policies are applied as drafted. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 439.50 Td (In most instances, therefore, votes are cast according to predetermined policies, and ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 426.30 Td (potential conflicts of interest cannot influence the outcome of our voting decisions. Where ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 413.10 Td (guidelines require a case-by-case determination, and those exceptional circumstances where ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 399.90 Td (we may vary from predetermined P) Tj ET Q q 0 0 0 rg BT 246.52 399.90 Td (olicies, any principal involved in a voting decision is ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 386.70 Td (directed to identify any conflicts of interest he or she is aware of, including any contacts ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 373.50 Td (from outside parties or other members of Dominis staff or management team regarding the ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 360.30 Td (proxy issue in question. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 338.10 Td (If conflicts are identified, and they are of a personal nature, that individual will be asked to ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 324.90 Td (remove himself or herself from the decision-making process. If the conflict is at the firm ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 311.70 Td (level, Beyond Investing will abstain from voting.) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 289.50 Td (Beyond Investing will keep records of how the conflict was identified and what resolution was ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 276.30 Td (reached. ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 254.10 Td (These policies and procedures are subject to change without notice. They will be reviewed, ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 240.90 Td (and updated where necessary) Tj ET Q q 0 0 0 rg BT 217.36 240.90 Td (, on at least an annual basis and posted to Beyond Investings ) Tj ET Q BT /F6 11.00 Tf ET q 0 0 0 rg BT 72.00 227.70 Td (website at https://www) Tj ET Q q 0 0 0 rg BT 191.31 227.70 Td (.beyondinvesting.com. ) Tj ET Q BT /F6 13.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.4392156862745098 0.6784313725490196 0.2784313725490196 rg BT 72.00 200.10 Td (FOR MORE INFORMA) Tj ET Q q 0.4392156862745098 0.6784313725490196 0.2784313725490196 rg BT 186.19 200.10 Td (TION ) Tj ET Q BT /F6 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.12941176470588237 0.10980392156862745 0.11764705882352941 rg BT 72.00 174.90 Td (Beyond Investings mission is to create positive change in society through the application of ) Tj ET Q BT /F6 11.00 Tf ET q 0.12941176470588237 0.10980392156862745 0.11764705882352941 rg BT 72.00 161.70 Td (its Screening P) Tj ET Q q 0.12941176470588237 0.10980392156862745 0.11764705882352941 rg BT 143.89 161.70 Td (olicies and its P) Tj ET Q q 0.12941176470588237 0.10980392156862745 0.11764705882352941 rg BT 220.63 161.70 Td (roxy V) Tj ET Q q 0.12941176470588237 0.10980392156862745 0.11764705882352941 rg BT 250.81 161.70 Td (oting P) Tj ET Q q 0.12941176470588237 0.10980392156862745 0.11764705882352941 rg BT 284.68 161.70 Td (olicies. ) Tj ET Q BT /F6 11.00 Tf ET q 0.12941176470588237 0.10980392156862745 0.11764705882352941 rg BT 72.00 139.50 Td (More information is available from) Tj ET Q BT /F6 11.00 Tf ET q 0.12941176470588237 0.10980392156862745 0.11764705882352941 rg BT 72.00 117.30 Td (Beyond Investing LLC) Tj ET Q BT /F6 11.00 Tf ET q 0.12941176470588237 0.10980392156862745 0.11764705882352941 rg BT 72.00 95.10 Td (W) Tj ET Q q 0.12941176470588237 0.10980392156862745 0.11764705882352941 rg BT 80.87 95.10 Td (ebsite: www) Tj ET Q q 0.12941176470588237 0.10980392156862745 0.11764705882352941 rg BT 141.69 95.10 Td (.beyondinvesting.com) Tj ET Q BT /F8 11.00 Tf ET q 0.12941176470588237 0.10980392156862745 0.11764705882352941 rg BT 249.86 95.10 Td ( ) Tj ET Q BT /F6 11.00 Tf ET q 0.12941176470588237 0.10980392156862745 0.11764705882352941 rg BT 253.17 95.10 Td (Email: info@beyondinvesting.com ) Tj ET Q endstream endobj 147 0 obj <> /View <>>>>> endobj 148 0 obj <> /View <>>>>> endobj 149 0 obj <> endobj 150 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;