Common use of Cost Basis Election Clause in Contracts

Cost Basis Election. The Fund has elected the average cost method as the default cost basis method for purposes of this requirement. If a Shareholder wishes to accept the average cost method as its default cost basis calculation method in respect of Shares in its account, the Shareholder does not need to take any additional action. If, however, a Shareholder wishes to affirmatively elect an alternative cost basis calculation method other than average cost in respect of its Shares, please select one of the following: ☐ FIFO (first in, first out) ☐ LIFO (last in, first out) ☐ LOFO (lowest in, first out) ☐ LILT (lowest long term, first out) ☐ HILT (highest long term, first out) ☐ HIST (highest short term, first out Specific Lot Identification HIFO) (highest in, first out)

Cost Basis Election. The Fund has elected the average cost method as the default cost basis method for purposes of this requirement. If a Shareholder wishes to accept the average cost method as its default cost basis calculation method in respect of Shares in its account, the Shareholder does not need to take any additional action. If, however, a Shareholder wishes to affirmatively elect an alternative cost basis calculation method other than average cost in respect of its Shares, please select one of the following: ☐ FIFO (first in, first out) ☐ LIFO (last in, first out) ☐ LOFO (lowest in, first out) ☐ LILT (lowest long term, first out) ☐ HILT (highest long term, first out) ☐ HIST (highest short term, first out Specific Lot Identification HIFO) (highest in, first out)