Common use of PROCEDURES SPECIFIC TO CUSTOM BASKETS Clause in Contracts

PROCEDURES SPECIFIC TO CUSTOM BASKETS. The Fund has developed custom creation, redemption and other non-typical baskets (the "Custom Baskets"). Custom Baskets are intended to allow Participants to transact in that Fund and other non-standard baskets using the Custom Basket process. The Custom Basket process allows for cash-in-lieu for certain securities as well as non-typical baskets and continues to settle through the standard CNS process at NSCC. It is the responsibility of the Participant to apply to the NSCC by contacting DTCC Participant Services at 212-855-4155 and the Transfer Agent at 718-315-4968 or 4▇▇▇ ▇▇ ▇▇▇▇▇ them to receive Custom Bask▇▇▇ ▇▇ ▇▇▇▇ as the regular daily standard baskets (the "Standard Baskets"). To ensure proper tracking of the Fund to its benchmark index the following guidelines must be followed when transacting Custom Baskets: 1. On or before T-1, the Participant must request a Custom Basket Application Form from the Transfer Agent by calling 718-315-4968 or 4970 for creations and redemptions. The T▇▇▇▇▇▇▇ ▇▇▇▇t will fax a standard Application Form (see attached) on which the Participant must identify the securities to be added to or omitted from the creation or redemption basket (the "Added Issues" or the "Omitted Issues"). In the case of an Omitted Issue, cash in lieu is defined as the Net Asset Value of the Fund times the number of units in one creation block minus the value of the Omitted Issues. Participants will also be responsible for any costs associated with the conversion of cash into the Omitted Issues to be purchased. Participants may request that the Custom Basket be available for creations and redemptions for a one-time transaction, a specific period or indefinitely. The Transfer Agent will advise the Fund who will review the Custom Basket request and, if approved, will deliver a confirmation back to the Transfer Agent and the Participant. In the event subsequent additions and/or deletions to Added Issues or Omitted Issues are required to change the custom basket already approved, the Participant is responsible for completing a new standard form with the Transfer Agent.

PROCEDURES SPECIFIC TO CUSTOM BASKETS. The Fund has developed custom creation, redemption and other non-typical baskets (the "Custom Baskets"). Custom Baskets are intended to allow Participants to transact in that Fund and other non-standard baskets using the Custom Basket process. The Custom Basket process allows for cash-in-lieu for certain securities as well as non-typical baskets and continues to settle through the standard CNS process at NSCC. It is the responsibility of the Participant to apply to the NSCC by contacting DTCC Participant Services at 212-855-4155 and the Transfer Agent at 718-315▇▇▇▇▇ ▇▇ ▇▇▇-315-4968 or 44970 to allow ▇▇▇▇ ▇▇ ▇▇▇▇▇ them to receive ive Custom Bask▇▇▇ ▇▇ ▇▇▇▇ Baskets as well as the regular daily standard baskets (the "Standard Baskets"). To ensure proper tracking of the Fund to its benchmark index the following guidelines must be followed when transacting Custom Baskets: 1. On or before T-1, the Participant must request a Custom Basket Application Form from the Transfer Agent by calling 718-315-4968 or 4970 for creations and redemptions. The T▇▇▇creat▇▇▇▇ ▇▇▇ ▇▇t ▇emptions. The Transfer Agent will fax a standard Application Form (see attached) on which the Participant must identify the securities to be added to or omitted from the creation or redemption basket (the "Added Issues" or the "Omitted Issues"). In the case of an Omitted Issue, cash in lieu is defined as the Net Asset Value of the Fund times the number of units in one creation block minus the value of the Omitted Issues. Participants will also be responsible for any costs associated with the conversion of cash into the Omitted Issues to be purchased. Participants may request that the Custom Basket be available for creations and redemptions for a one-time transaction, a specific period or indefinitely. The Transfer Agent will advise the Fund who will review the Custom Basket request and, if approved, will deliver a confirmation back to the Transfer Agent and the Participant. In the event subsequent additions and/or deletions to Added Issues or Omitted Issues are required to change the custom basket already approved, the Participant is responsible for completing a new standard form with the Transfer Agent.