Common use of Anti-Money Laundering (“AML”) Delegation Clause in Contracts

Anti-Money Laundering (“AML”) Delegation. The Trust hereby delegates to GFS certain AML duties under this Agreement, as permitted by law and in accordance with the Trust’s Anti-Money Laundering Policies and Procedures as may be amended from time to time. Such duties delegated to GFS include procedures reasonably designed to prevent and detect money laundering activities and to ensure that each Fund can have a reasonable belief that it knows the identity of each person or entity opening an account with the Fund. GFS’s procedures will include, as appropriate, procedures to assist the Fund(s) to: · detect and report suspicious activities; · comply with “know your customer” requirements; · monitor high-risk accounts; and · maintain required records. GFS shall provide for proper supervision and training of its personnel. With respect to assisting the Trust with its Customer Identification Program (“CIP”) designed to ensure the identity of any person opening a new account with a Fund (a “Customer”), GFS will assist the Fund(s) through the use of the following: · risk-based procedures to verify the identity of each Customer to the extent reasonable and practicable, such that the Fund may have a reasonable belief that it knows the true identity of each Customer; · before opening an account, obtain a Customer’s name, date of birth (for an individual), address, and identification number1; · procedures to verify the identity of a Customer within a reasonable time after the account is opened; · procedures for maintenance of records relating to Customer identification and supporting the verification; and

Anti-Money Laundering (“AML”) Delegation. The Trust hereby delegates to GFS UFS certain AML duties under this Agreement, as permitted by law and in accordance with the Trust’s Anti-Money Laundering Policies and Procedures as may be amended from time to time. Such duties delegated to GFS UFS include procedures reasonably designed to prevent and detect money laundering activities and to ensure that each Fund can have a reasonable belief that it knows the identity of each person or entity opening an account with the Fund. GFSUFS’s procedures will include, as appropriate, procedures to assist the Fund(s) to: · detect and report suspicious activities; · comply with “know your customer” requirements; · monitor high-risk accounts; and · maintain required records. GFS UFS shall provide for proper supervision and training of its personnel. With respect to assisting the Trust with its Customer Identification Program (“CIP”) designed to ensure the identity of any person opening a new account with a Fund (a “Customer”), GFS UFS will assist the Fund(s) through the use of the following: · risk-based procedures to verify the identity of each Customer to the extent reasonable and practicable, such that the Fund may have a reasonable belief that it knows the true identity of each Customer; · before opening an account, obtain a Customer’s name, date of birth (for an individual), address, and identification number1; · procedures to verify the identity of a Customer within a reasonable time after the account is opened; · procedures for maintenance of records relating to Customer identification and supporting the verification; andand _________________________

Anti-Money Laundering (“AML”) Delegation. The Trust hereby delegates to GFS UFS certain AML duties under this Agreement, as permitted by law and in accordance with the Trust’s Anti-Money Laundering Policies and Procedures as may be amended from time to time. Such duties delegated to GFS UFS include procedures reasonably designed to prevent and detect money laundering activities and to ensure that each Fund can have a reasonable belief that it knows the identity of each person or entity opening an account with the Fund. GFSUFS’s procedures will include, as appropriate, procedures to assist the Fund(s) to: · detect and report suspicious activities; · comply with “know your customer” requirements; · monitor high-risk accounts; and · maintain required records. GFS UFS shall provide for proper supervision and training of its personnel. With respect to assisting the Trust with its Customer Identification Program (“CIP”) designed to ensure the identity of any person opening a new account with a Fund (a “Customer”), GFS UFS will assist the Fund(s) through the use of the following: · risk-based procedures to verify the identity of each Customer to the extent reasonable and practicable, such that the Fund may have a reasonable belief that it knows the true identity of each Customer; · before opening an account, obtain a Customer’s name, date of birth (for an individual), address, and identification number1; · procedures to verify the identity of a Customer within a reasonable time after the account is opened; · procedures for maintenance of records relating to Customer identification and supporting the verification; and · procedures to determine whether the Customer’s name appears on any list of known or suspected terrorists or terrorist organizations issued by any federal government agency and

Anti-Money Laundering (“AML”) Delegation. The Trust hereby delegates to GFS certain AML duties under this Agreement, as permitted by law and in accordance with the Trust’s Anti-Money Laundering Policies and Procedures as may be amended from time to time. Such duties delegated to GFS include procedures reasonably designed to prevent and detect money laundering activities and to ensure that each Fund can have a reasonable belief that it knows the identity of each person or entity opening an account with the Fund. GFS’s procedures will include, as appropriate, procedures to assist the Fund(s) to: · detect and report suspicious activities; · comply with “know your customer” requirements; · monitor high-risk accounts; and · maintain required records. GFS shall provide for proper supervision and training of its personnel. With respect to assisting the Trust with its Customer Identification Program (“CIP”) designed to ensure the identity of any person opening a new account with a Fund (a “Customer”), GFS will assist the Fund(s) through the use of the following: · risk-based procedures to verify the identity of each Customer to the extent reasonable and practicable, such that the Fund may have a reasonable belief that it knows the true identity of each Customer; · before opening an account, obtain a Customer’s name, date of birth (for an individual), address, and identification number1; · procedures to verify the identity of a Customer within a reasonable time after the account is opened; · procedures for maintenance of records relating to Customer identification and supporting the verification; and;