Common use of CUSTODY AND RELATED SERVICES Clause in Contracts

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dsubsection(c) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the `40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's Trust’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Trust’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities and cash received by it from time to time for the such Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (de) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's or a BNY Affiliate's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fundeach Fund and their Series, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 17f"5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dsubsection(c) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities and cash received by it from time to time for the such Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (de) of this Section 1Xxxxxxx 0, Foreign DepositoriesXxxxxxx Xxxxxxxxxxxx, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s or a BNY Affiliate’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fundeach Fund and their Series, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the '40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a3.1(a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities and cash received by it from time to time for the such Fund's account. Custodian shall be entitled to utilizeutilize Depositories, Subcustodians, and, subject to subsection (c) of this Section I, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign DepositoriesDexxxxxxxxxx, to the extent possible xx xxx xxxxxx xxxxible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fundeach Fund and their Series, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dsubsection(c) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the '40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any cash, Securities or other property received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Cash, Securities and cash or other property held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities and cash entity. Cash, Securities or other property held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Cash, Securities or other property in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, cash, Securities or other property deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only cash, Securities or other property held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the cash, Securities and cash or other property belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Cash, Securities or other property in the country or other jurisdiction in which the principal trading market for such Cash, Securities or other property is located, where such Cash, Securities or other property are to be presented for cancellation and/or payment and/or registration, or where such Cash, Securities or other property are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will be held beheld in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dc) of this Section 1Xxxxxxx 0, Foreign DepositoriesXxxxxxx Xxxxxxxxxxxx, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the '40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the `40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dc) of this Section 1Xxxxxxx 0, Foreign DepositoriesXxxxxxx Xxxxxxxxxxxx, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities and cash received by it from time to time for the such Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (de) of this Section 1Xxxxxxx 0, Foreign DepositoriesXxxxxxx Xxxxxxxxxxxx, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's or a BNY Affiliate's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fundeach Fund and their Series, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 17f"5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilizebankofnymellon032010 thru amd 10 and, subject to subsection (c) of this Section ISectixx 0, DepositoriesXxxxxxx Xxxxxxxxxxxx, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to xx the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fundeach Fund and their Series, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, <PAGE> endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Depositories and Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, SubcustodiansSubcustodians (provided if the Fund's foreign custody manager is not the Custodian or a BNY Affiliate, the Custodian has received notice of the Subcustodians approved by the Fund's Board or foreign custody manager), and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the '40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 133. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dsubsection(c) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the `40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dc) of this Section 1Xxxxxxx 0, Foreign DepositoriesXxxxxxx Xxxxxxxxxxxx, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the `40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities and all payments of income, payments of principal or capital distributions with respect to the Securities received by it from time to time for the Fund's Trust’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Trust’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Any entity selected by the Custodian to act as a Subcustodian shall be deemed to be an agent of the Custodian in connection with and pursuant to the terms of this Agreement. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, Depositories and Subcustodians to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will Subcustodians will be held in a commingled account, account in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after it has identified the same to the Fund's foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the each Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the applicable Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, and its separate Series, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities and cash received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities and cash in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities and cash deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities or cash held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities or cash in the country or other jurisdiction in which the principal trading market for such Securities or cash is located, where such Securities or cash are to be presented for cancellation and/or payment and/or registration, or where such Securities or cash are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities and cash received by it from time to time for the applicable Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities and cash in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities and cash deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities or cash held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the a Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities or cash in the country or other jurisdiction in which the principal trading market for such Securities or cash is located, where such Securities or cash are to be presented for cancellation and/or payment and/or registration, or where such Securities or cash are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund Customer hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's Customer’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, utilize Depositories and Subcustodians to the extent possible in connection With with its performance hereunder. An initial list of Subcustodians has been provided to Customer. Custodian will notify Customer of changes in such list. Securities and cash held deposited by Custodian in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities Depository. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories central securities depositories or clearing agencies in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will Subcustodians will be held in a commingled account, account in the name of Custodian, holding only Securities held by Custodian as Custodian custodian or trustee for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundCustomer, whether held directly or indirectly through Depositories, Foreign Depositories, Depositories or Subcustodians. Custodian shallshall use commercially reasonable methods (taking into consideration the methods employed by professional custodians in comparable circumstances) so that, directly in the event of an attachment, bankruptcy, moratorium or indirectlyany situation similar event affecting the Custodian, through Subcustodiansany Subcustodian or Depository, DepositoriesCustomer would be entitled to recover, free and clear of all liens, encumbrances and claims, the Customer’s Securities and cash held by Custodian, any Subcustodian or Foreign DepositoriesDepository and, endeavorwherever applicable, the physical possession of the Securities held by Custodian, any Subcustodian or Depository. Custodian will require each Subcustodian to separately identify the Securities and cash in its safe-keeping as being held on Custodian’s own account from those held on behalf of Custodian’s clients, to the extent feasible, to hold Securities in permitted by the country or other laws and regulations of the local jurisdiction in which and the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (procedures of the “Replacement relevant Subcustodian”). In the event Custodian selects a Replacement Subcustodianaddition, Custodian shall not utilize such Replacement Subcustodian until after will keep its books and registers up to date and will make a distinction in its books and registers between the Fund's foreign custody manager has determined that utilization Securities and cash held on its own account from the Securities and cash held on behalf of such Replacement Subcustodian satisfies its clients, and the requirements Securities and cash held for Customer’s account from Securities and cash held on behalf of the' 40 Act and Rule 17f-5 thereunderits other clients.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will be held beheld in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ’40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund the Company hereby authorizes Custodian to hold any Securities and all payments of income, payments of principal or capital distributions with respect to the Securities received by it from time to time for the Fund's Company’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fundeach Series, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Company’s Board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. Section 1. (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities received by it from time to time for the account of the Trust and its applicable Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, SubcustodiansSubcustodians (provided (i) if the Custodian employs a Subcustodian for custody of assets located in the U.S., the Custodian has received notice of the approval of such Subcustodian by the Trust's board, and (ii) if the Trust's foreign custody manager is not the Custodian or a BNYM Affiliate, the Custodian has received notice of the Subcustodians approved by the Trust's board or foreign custody manager for custody of assets located outside the U.S.), and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust and each Fund thereof, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the FundTrust's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the `40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund Customer hereby authorizes Custodian to hold any Securities received by it from time to time for the FundCustomer's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, utilize Depositories and Subcustodians to the extent possible in connection With with its performance hereunder. Securities and cash held deposited by Custodian in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities Depository. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories central securities depositories or clearing agencies in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will Subcustodians will be held in a commingled account, account in the name of Custodian, holding only Securities held by Custodian as Custodian custodian or trustee for its customers. Custodian shall hold and segregate from its own property, and direct its agents or Subcustodians to so hold and segregate, for Customer the Securities and cash belonging to Customer (“Account Assets”). Custodian shall identify on its books and records the Securities and cash belonging to the FundAccount Assets, whether held directly or indirectly through Depositories, Foreign Depositories, Depositories or Subcustodians. To the extent that Custodian shallor any of its agents or Subcustodians holds Securities constituting Account Assets in an omnibus account that is identified as belonging to Custodian for the benefit of its customers, directly or indirectlythe records of Custodian shall identify which of such Securities constitute Account Assets. Custodian shall maintain books and records that identify the Account Assets as assets held by it in a custodial capacity for the benefit of Customer (whether held by Custodian, through Subcustodians, Depositoriesits agent, or Foreign Depositories, endeavor, a Subcustodian) and reflect the amounts on deposit in an omnibus account of Custodian in a custodial capacity that are owed to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquiredCustomer. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after hold itself out as owning Account Assets. Custodian may not pledge, rehypothecate, encumber, or set-off against any Account Assets except as permitted herein to set-off or enforce against collateral for obligations to Custodian arising under the Fund's foreign custody manager has determined that utilization terms of such Replacement Subcustodian satisfies the requirements of the' 40 Act and Rule 17f-5 thereunderthis Agreement.

CUSTODY AND RELATED SERVICES. 13. (a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities and cash received by it from time to time for the such Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (de) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s or a BNY Affiliate’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fundeach Fund and their Series, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's Trust’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Trust’s Board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities received by it from time to time for the FundTrust's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the FundTrust's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the '40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians, and shall provide to the Fund's independent public accountants access to each Subcustodian's books and records. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the '40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any cash, Securities or other property received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Cash, Securities and cash or other property held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities and cash entity. Cash, Securities or other property held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Cash, Securities or other property in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, cash, Securities or other property deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only cash, Securities or other property held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the cash, Securities and cash or other property belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Cash, Securities or other property in the country or other jurisdiction in which the principal trading market for such Cash, Securities or other property is located, where such Cash, Securities or other property are to be presented for cancellation and/or payment and/or registration, or where such Cash, Securities or other property are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the '40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. Section 1. (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities Investments and cash, all payments of income, payments of principal or capital distributions with respect to the Investments, received by it from time to time for the account of the Trust and its applicable Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, SubcustodiansSubcustodians (provided (i) if the Custodian employs a Subcustodian for custody of assets located in the U.S., the Custodian has received notice of the approval of such Subcustodian by the Trust’s Board, and (ii) if the Trust’s foreign custody manager is not the Custodian or a BNYM Affiliate, the Custodian has received notice of the Subcustodians approved by the Trust’s Board or foreign custody manager for custody of assets located outside the U.S.), and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities Investments and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Investments and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities Investments in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities Investments deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities Investments held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities Investments and cash belonging to the FundTrust and each Fund thereof, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities Investments in the country or other jurisdiction in which the principal trading market for such Securities Investments is located, where such Securities Investments are to be presented for cancellation and/or payment and/or registration, or where such Securities Investments are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Trust’s Board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the `40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a3.1(a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities and cash received by it from time to time for the such Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dc) of this Section 1Sxxxxxx 0, Foreign DepositoriesXxxxxxx Xxxxxxxxxxxx, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fundeach Fund and their Series, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 13. (a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities and cash received by it from time to time for the such Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (de) of this Section 1Xxxxxxx 0, Foreign DepositoriesXxxxxxx Xxxxxxxxxxxx, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s or a BNY Affiliate’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fundeach Fund and their Series, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities and cash received by it from time to time for the such Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (de) of this Section 1Xxxxxxx 0, Foreign DepositoriesXxxxxxx Xxxxxxxxxxxx, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's or a BNY Affiliate's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fundeach Fund and their Series, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian, and Custodian agrees, to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Subcustodian or Replacement Subcustodian, Custodian shall not utilize such Subcustodian or Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Subcustodian or Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “”Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the “40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dsubsection(c) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Foreign Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Foreign Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, Depositories or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, Depositories or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it Custodian from time to time for the Fund's ’s account. Provided Custodian exercises commercially reasonable care (in light of prevailing rules, practices and procedures in the relevant market) in its selection, retention and supervision, Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements ’s agreement with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 thereunder. Notwithstanding any other provisions hereof, with respect to any losses incurred by the Fund as a result of the acts or the failure to act by any Subcustodian (other than a BNY Mellon Affiliate), the Custodian shall take appropriate action to recover such losses from such Subcustodian. For the avoidance of doubt, it is acknowledged and agreed that Custodian shall be liable for the acts or omissions of any Subcustodian that is a BNY Affiliate or such other Subcustodians selected or appointed by Custodian in breach of its standard of care hereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's accountTrust’s account including as a result of any corporate action. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, Subcustodians and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible required in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust, whether held directly or indirectly through Depositories, Foreign Depositories, Depositories or Subcustodians. Custodian shall segregate on its books all such Securities and cash from assets belonging to Custodian. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, Depositories or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the relevant Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's Trust’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Trust’s Board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject a)Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, Depositories and Subcustodians to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Subcustodian or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the '40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject 3.1.(a)Subject to the terms hereof, each Fund the Funds hereby authorizes authorize Custodian to hold any Securities received by it from time to time for the Fund's Funds’ account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dsubsection(c) of this Section 1III, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundFunds, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the `40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's Trust’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Trust’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (aSection 1.(a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities Investments and cash, all payments of income, payments of principal or capital distributions with respect to the Investments, received by it from time to time for the account of the Trust and its applicable Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, SubcustodiansSubcustodians (provided (i) if the Custodian employs a Subcustodian for custody of assets located in the U.S., the Custodian has received notice of the approval of such Subcustodian by the Trust’s Board, and (ii) if the Trust’s foreign custody manager is not the Custodian or a BNYM Affiliate, the Custodian has received notice of the Subcustodians approved by the Trust’s Board or foreign custody manager for custody of assets located outside the U.S.), and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities Investments and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Investments and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities Investments in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities Investments deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities Investments held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities Investments and cash belonging to the FundTrust and each Fund thereof, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities Investments in the country or other jurisdiction in which the principal trading market for such Securities Investments is located, where such Securities Investments are to be presented for cancellation and/or payment and/or registration, or where such Securities Investments are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Trust’s Board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the `40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities and all payments of income, payments of principal or capital distributions with respect to Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section IIII.1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1III.1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject a)Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's Trust’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Trust’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 1 7f-5 thereunder.

CUSTODY AND RELATED SERVICES. SECTION 1. (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities received by it from time to time for the account of the Trust and its applicable Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, SubcustodiansSubcustodians (provided if the Trust's foreign custody manager is not the Custodian or a BNY Affiliate, the Custodian has received notice of the Subcustodians approved by the Trust's board or foreign custody manager), and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust and each Fund thereof, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the FundTrust's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the `40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any cash, Securities or other property received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Cash, Securities and cash or other property held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities and cash entity. Cash, Securities or other property held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Cash, Securities or other property in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, cash, Securities or other property deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only cash, Securities or other property held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the cash, Securities and cash or other property belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Cash, Securities or other property in the country or other jurisdiction in which the principal trading market for such Cash, Securities or other property is located, where such Cash, Securities or other property are to be presented for cancellation and/or payment and/or registration, or where such Cash, Securities or other property are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the `40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a3.1.(a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (d3.1(c) of this Section 1III, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dc) of this Section 1, Foreign Depositories, to the extent possible in connection With its performance hereunderconnxxxxxx xxxx xxx xxxxxxxxxxx xxxeunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the '40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's Trust’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Trust’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject a)Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, Depositories and Subcustodians to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Subcustodian or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the '40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any cash, Securities or other property received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Cash, Securities and cash or other property held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities and cash entity. Cash, Securities or other property held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Cash, Securities or other property in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, cash, Securities or other property deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only cash, Securities or other property held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the cash, Securities and cash or other property belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Cash, Securities or other property in the country or other jurisdiction in which the principal trading market for such Cash, Securities or other property is located, where such Cash, Securities or other property are to be presented for cancellation and/or payment and/or registration, or where such Cash, Securities or other property are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ’40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms terms, and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository, or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s Board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a1.(a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any cash, Securities or other property received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Cash, Securities and cash or other property held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities and cash entity. Cash, Securities or other property held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Cash, Securities or other property in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, cash, Securities or other property deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only cash, Securities or other property held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the cash, Securities and cash or other property belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Cash, Securities or other property in the country or other jurisdiction in which the principal trading market for such Cash, Securities or other property is located, where such Cash, Securities or other property are to be presented for cancellation and/or payment and/or registration, or where such Cash, Securities or other property are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund Customer hereby authorizes Custodian to hold any Securities received by it from time to time for the FundCustomer's account. The Accounts shall be used exclusively to hold, receive, deliver or otherwise care for Securities, cash and cash equivalents as are transferred to Custodian or as are received by Custodian in payment of any transfer of, or as payment on or in respect of any such Securities. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, utilize Depositories and Subcustodians to the extent possible in connection With with its performance hereunder, provided that while so maintained, such Securities and cash shall be subject only to the directions of Custodian. Securities and cash held deposited by Custodian in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities Depository. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories central securities depositories or clearing agencies in which such Subcustodians participate. Custodian shall, in accordance with its normal operating procedures transmit to Depositories and Subcustodians any Written Instructions received from Customer concerning the acquisition, custody or disposition of Securities held by any of them. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will Subcustodians will be held in a commingled account, account in the name of Custodian, holding only Securities held by Custodian as Custodian custodian or trustee for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundCustomer and each of Customer's clients in whose name an Account is opened hereunder (as appropriate), whether held directly or indirectly through Depositories, Foreign Depositories, Depositories or Subcustodians. Custodian shall, directly or indirectly, through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund Customer hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's Customer’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, utilize Depositories and Subcustodians to the extent possible in connection With with its performance hereunder. An initial list of Subcustodians has been provided to Customer. Custodian will notify Customer of changes in such list. Securities and cash held deposited by Custodian in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities Depository. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories central securities depositories or clearing agencies in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will Subcustodians will be held in a commingled account, account in the name of Custodian, holding only Securities held by Custodian as Custodian custodian or trustee for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundCustomer, whether held directly or indirectly through Depositories, Foreign Depositories, Depositories or Subcustodians. Custodian shallshall use commercially reasonable methods (taking into consideration the methods employed by professional custodians in comparable circumstances) so that, directly in the event of an attachment, bankruptcy, moratorium or indirectlyany situation similar event affecting the Custodian, through Subcustodiansany Subcustodian or Depository, DepositoriesCustomer would be entitled to recover, free and clear of all liens, encumbrances and claims, the Customer’s Securities and cash held by Custodian, any Subcustodian or Foreign DepositoriesDepository and, endeavorwherever applicable, the physical possession of the Securities held by Custodian, any Subcustodian or Depository. Custodian will require each Subcustodian to separately identify the Securities and cash in its safe keeping as being held on Custodian’s own account from those held on behalf of Custodian’s clients, to the extent feasible, to hold Securities in permitted by the country or other laws and regulations of the local jurisdiction in which and the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (procedures of the “Replacement relevant Subcustodian”). In the event Custodian selects a Replacement Subcustodianaddition, Custodian shall not utilize such Replacement Subcustodian until after will keep its books and registers up to date and will make a distinction in its books and registers between the Fund's foreign custody manager has determined that utilization Securities and cash held on its own account from the Securities and cash held on behalf of such Replacement Subcustodian satisfies its clients, and the requirements Securities and cash held for Customer’s account from Securities and cash held on behalf of the' 40 Act and Rule 17f-5 thereunderits other clients.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. , except with respect to Hedge Fund Investments, which must be held by Custodian, unless otherwise agreed to by the Fund.. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Board or the Fund's ’s foreign custody manager has determined that that, to the best of its knowledge, its utilization of such Replacement Subcustodian satisfies the Fund’s requirements of the' 40 applicable to it pursuant to the 1940 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. 1 (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's Trust’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Trust’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's Trust’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Custodian’s use of a Subcustodian shall be at the Custodian’s expense unless agreed to by the parties as contemplated by Section 6 of Article VIII, and shall not relieve the Custodian of any of its obligations or liabilities under this Agreement which are set forth in more detail with respect to the use of Subcustodians at subparagraph (e) to this Section 1 below. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Trust’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. Section 1. (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities and cash, all payments of income, payments of principal or capital distributions with respect to the Securities, received by it from time to time for the account of the Trust and its applicable Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, SubcustodiansSubcustodians (provided (i) if the Custodian employs a Subcustodian for custody of assets located in the U.S., the Custodian has received notice of the approval of such Subcustodian by the Trust's board, and (ii) if the Trust's foreign custody manager is not the Custodian or a BNYM Affiliate, the Custodian has received notice of the Subcustodians approved by the Trust's board or foreign custody manager for custody of assets located outside the U.S.), and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust and each Fund thereof, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the FundTrust's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the '40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's accountTrust’s account including as a result of any corporate action. Custodian shall be entitled to utilize, subject to subsection (c) of this Section IXxxxxxx 0, DepositoriesXxxxxxxxxxxx, Subcustodians, Subcustodians and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible required in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust, whether held directly or indirectly through Depositories, Foreign Depositories, Depositories or Subcustodians. Custodian shall segregate on its books all such Securities and cash from assets belonging to Custodian. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, Depositories or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled entitled, in the exercise of due care and reasonable discretion in the selection, retention and supervision, to utilize, subject to subsection (c) of this Section ISubsection 1, Depositories, Subcustodians, and, subject to subsection (d) of this Section Subsection 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities Depository or Foreign Depository. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 the 1940 Act and Rule 17f-5 thereunder. Notwithstanding anything in the foregoing to the contrary, (i) Custodian shall be responsible for the performance or failure of performance hereunder of any Subcustodian that is a BNY Affiliate, and (ii) shall exert all commercially reasonable efforts to recover from any Subcustodian not a BNY Affiliate any losses incurred by the Fund as a consequence of the negligence or willful misconduct of such Subcustodian.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dc) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the '40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will Depository, other than hedge fund interests, will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In With respect to the Fund organized as an investment company under the ’40 Act, in the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a1.(a) Subject to the terms hereof, each Fund hereby authorizes Custodian to hold any Securities and all payments of income, payments of principal or capital distributions with respect to the Securities received by it from time to time for the applicable Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the each Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the applicable Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Unless otherwise directed by the Fund, Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. Section 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's accountAccount. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, SubcustodiansSubcustodians (provided if the Fund's foreign custody manager is not the Custodian or a BNY Affiliate, the Custodian has received notice of the Subcustodians approved by the Fund's board or foreign custody manager), and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundFund and each Series thereof, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the `40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dsubsection(c) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities Securities, cash, and cash other property owned by the Fund held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities Securities, cash, and cash belonging to other property owned by the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the `40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dc) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each Fund the Trust hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's Trust’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible required in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the FundTrust, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Trust’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian, and Custodian agrees, to hold any Securities received by it from time to time for the Fund's account’s account and to perform the duties of a professional custodian for hire to a registered investment company. Custodian shall be entitled to utilize, subject to subsection (b) of this Section 1, Subcustodians, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible necessary or advisable in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Subcustodian or Replacement Subcustodian, Custodian shall not utilize such Subcustodian or Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Subcustodian or Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary Depository or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the `40 Act and Rule 17f-5 thereunder. Unless Custodian has received a Certificate or Instructions to the contrary, Custodian shall hold Securities indirectly through a Subcustodian only if (i) the Securities are not subject to any right, charge, security interest, lien or claim of any kind in favor of such Subcustodian or its creditors or operators, including a receiver or trustee in bankruptcy or similar authority, except for a claim of payment for the safe custody or administration of Securities on behalf of the Fund by such Subcustodian, and (ii) beneficial ownership of the Securities is freely transferable without the payment of money or value other than for safe custody or administration. With respect to each Depository, Custodian (i) shall exercise due care in accordance with reasonable commercial standards in discharging its duties as a securities intermediary to obtain and thereafter maintain Securities or financial assets deposited or held in such Depository, and (ii) will provide, promptly upon request by the Fund, such reports as are available concerning the internal accounting controls and financial strength of Custodian.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1I, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will depository will be held hold in a commingled account, in the name of Custodian, Custodian holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Subcustodian or Replacement Subcustodian, Custodian shall not utilize such Subcustodian or Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Subcustodian or Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a1.(a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' 40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, 1. Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dsubsection(c) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Except as otherwise directed by the Fund by Certificate or Instructions, Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are arc acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”), and shall give notice to the Fund of each selection of a Replacement Subcustodian. In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 I 7f-5 thereunder.

CUSTODY AND RELATED SERVICES. 13.1. (a) Subject a)Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dsubsection(c) of this Section 1III, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the `40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate, subject to subsection (d) of this Section. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the '40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a1.(a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a3.1.(a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dsubsection(c) of this Section 1III, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's Board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any cash, Securities or other property received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Cash, Securities and cash or other property held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities and cash entity. Cash, Securities or other property held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Cash, Securities or other property in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, cash, Securities or other property deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only cash, Securities or other property held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the cash, Securities and cash or other property belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Cash, Securities or other property in the country or other jurisdiction in which the principal trading market for such Cash, Securities or other property is located, where such Cash, Securities or other property are to be presented for cancellation and/or payment and/or registration, or where such Cash, Securities or other property are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the "40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's ’s account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I1, Depositories, Subcustodians, and, subject to subsection (d) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. , Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's ’s agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. , Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. , Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “Replacement Subcustodian”). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's ’s board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the ‘40 Act and Rule 17f-5 thereunder.

CUSTODY AND RELATED SERVICES. 1. (a) Subject to the terms hereof, each the Fund hereby authorizes Custodian to hold any Securities received by it from time to time for the Fund's account. Custodian shall be entitled to utilize, subject to subsection (c) of this Section I, utilize Depositories, Subcustodians, and, subject to subsection (dsubsection(c) of this Section 1, Foreign Depositories, to the extent possible in connection With with its performance hereunder. Securities and cash held in a Depository or Foreign Depository will be held subject to the rules, terms and conditions of such entity .Securities entity. Securities and cash held through Subcustodians shall be held subject to the terms and conditions of Custodian's agreements with such Subcustodians. Subcustodians may be authorized to hold Securities in Foreign Depositories in which such Subcustodians participate. Unless otherwise required by local law or practice or a particular Subcustodian subcustodian agreement, Securities deposited with a Subcustodian, a Depositary or a Foreign Depository Will will be held in a commingled account, in the name of Custodian, holding only Securities held by Custodian as Custodian custodian for its customers. Custodian shall identify on its books and records the Securities and cash belonging to the Fund, whether held directly or indirectly through Depositories, Foreign Depositories, or Subcustodians. Custodian shall, directly or indirectly, indirectly through Subcustodians, Depositories, or Foreign Depositories, endeavor, to the extent feasible, to hold Securities in the country or other jurisdiction in which the principal trading market for such Securities is located, where such Securities are to be presented for cancellation and/or payment and/or registration, or where such Securities are acquired. Custodian at any time may cease utilizing any Subcustodian and/or may replace a Subcustodian with a different Subcustodian (the “"Replacement Subcustodian”"). In the event Custodian selects a Replacement Subcustodian, Custodian shall not utilize such Replacement Subcustodian until after the Fund's board or foreign custody manager has determined that utilization of such Replacement Subcustodian satisfies the requirements of the' the "40 Act and Rule 17f-5 thereunder.