Common use of Independently Developed Clause in Contracts

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a Fund, as a result of disclosing a Fund’s portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a Fund’s portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a the Fund, as a result of disclosing a the Fund’s portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, that neither it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a the Fund’s portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a the Fund, as a result of disclosing a the Fund’s portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, Ethics that neither it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a the Fund’s portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a Fund, as a result of disclosing a Fund’s portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, that neither it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a Fund’s portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a the Fund, as a result of disclosing a the Fund’s portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, that neither it nor its officers, directors directors, or employees may engage in personal securities transactions based on material non-public information about a the Fund’s portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a the Fund, as a result of disclosing a the Fund’s portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, that neither it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a the Fund’s portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser Subadvisor and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a the Fund, as a result of disclosing a the Fund’s portfolio holdings. The Subadviser Subadvisor agrees, consistent with its Code of Ethics, it nor its officers, directors or employees may engage engage, in personal securities transactions based on non-public information about a the Fund’s portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors officers and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a the Fund, as a result of disclosing a the Fund’s portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, it nor its officers, directors officers or employees may engage in personal securities transactions based on non-public information about a the Fund’s portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a the Fund, as a result of disclosing a the Fund’s portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, that neither it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a the Fund’s portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a the Fund, as a result of disclosing a the Fund’s 's portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, that neither it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a the Fund’s 's portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a the Fund, as a result of disclosing a the Fund’s 's portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, that neither it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a the Fund’s 's portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a Fundthe Funds, as a result of disclosing a each Fund’s portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, that, neither it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a each Fund’s portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a Fundthe Funds, as a result of disclosing a Fund’s the Funds’ portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, Ethics that neither it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a Fund’s the Funds’ portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a Fund, as a result of disclosing a Fund’s 's portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, ,that neither it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a Fund’s 's portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a Fundthe Funds, as a result of disclosing a Fund’s the Funds' portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, that neither it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a Fund’s the Funds' portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser Subadvisor and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a Fundthe Funds, as a result of disclosing a Fund’s the Funds’ portfolio holdings. The Subadviser Subadvisor agrees, consistent with its Code of Ethics, it nor its officers, directors or employees may engage engage, in personal securities transactions based on non-public information about a Fund’s portfolio holdings.

Independently Developed. The party independently developed such information without use of or access to the other party's confidential information. In addition, the Subadviser and its members, officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a Fundthe Funds, as a result of disclosing a Fund’s 's portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, that neither it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a Fund’s 's portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a the Fund, as a result of disclosing a the Fund’s portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a the Fund’s portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser Sub-adviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a Fund, as a result of disclosing a Fund’s portfolio holdings. The Subadviser Sub-adviser agrees, consistent with its Code of Ethics, it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a Fund’s portfolio holdings.

Independently Developed. The party independently developed such information. In addition, the Subadviser and its officers, directors and employees are prohibited from receiving compensation or other consideration, for themselves or on behalf of a the Fund, as a result of disclosing a the Fund’s portfolio holdings. The Subadviser agrees, consistent with its Code of Ethics, Ethics that neither it nor its officers, directors or employees may engage in personal securities transactions based on non-public information about a the Fund’s portfolio holdings. For the avoidance of doubt, this paragraph is not intended to restrict in any manner the use of the Invenomic Strategy by the Subadviser for its other clients.