Common use of Broker Selection Clause in Contracts

Broker Selection. To the extent provided in the Registration Statement, and in accordance with applicable law and applicable policies and procedures of the Sub-Adviser, as approved by the Board (the “Sub-Adviser Procedures”), the Sub-Adviser shall, in the name of the Fund, place orders for the execution of portfolio transactions for the Allocated Portion, when applicable, with or through such brokers, dealers or other financial institutions described in Section 2(e) hereof. The Sub-Adviser shall use its reasonable best efforts to obtain the best execution and efficient execution on all portfolio transactions executed in respect of the Allocated Portion. The Sub-Adviser may, to the extent permissible by Section 28(e) of the Securities Exchange Act of 1934, and consistent with applicable Sub-Adviser Procedures, consider, among other things, the financial responsibility, research and investment information, and other services provided by brokers or dealers who may effect or be a party to any such transaction or to other transactions to which other clients of the Sub-Adviser may be a party. On occasions when the Sub-Adviser deems the purchase or sale of a Commodity Interest to be in the best interest of the Fund as well as other clients of the Sub-Adviser, the Sub-Adviser may, in accordance with applicable law and any relevant Sub-Adviser Procedures, aggregate the Commodity Interests to be so purchased or sold with other orders for other clients of the Sub-Adviser in order to obtain best execution. In such event, allocation of the Commodity Interests so purchased or sold, as well as of the fees and expenses incurred in the transaction, will be made by the Sub-Adviser consistent with the Sub-Advisers Procedures and in the manner it considers to be equitable and consistent with its fiduciary obligations to the Fund and to such other clients. On an ongoing basis, at such times as the Adviser or the Board shall request, the Sub-Adviser will provide a written report to the Adviser and the Board, in a form reasonably agreed between the Sub-Adviser and the Adviser, summarizing (i) the brokerage details with respect to transactions executed by the Sub-Adviser for the Allocated Portion and

Broker Selection. To The Sub-Adviser will select brokers, dealers, futures commission merchants and other counterparties to effect all transactions for the extent provided Fund, including without limitation, with respect to transactions in the Registration Statementsecurities, and derivatives, foreign currency exchange, commodities and/or any other investments in accordance with applicable law and applicable policies and procedures of the Sub-Adviser, ’s Policy and Procedures on Order Execution as approved by the Board (the “amended from time to time. The Sub-Adviser Procedures”)will place all orders with brokers, dealers, counterparties or issuers, and will negotiate brokerage commissions, spreads and other financial and non-financial terms, as applicable. Sub-Adviser will act in good faith and with reasonable skill and care in the selection, use and monitoring of Brokers and shall seek “best execution” of the Fund’s trades, considering all relevant circumstances. Subject to the foregoing, the Sub-Adviser shall, in the name of the Fund, place orders for the execution of portfolio is directed at all times to seek to execute transactions for the Allocated PortionFund in accordance with the Sub-Advisers trading policies, when applicable, with or through such brokers, dealers or other financial institutions described in Section 2(e) hereof. The as disclosed by the Sub-Adviser shall use its reasonable best efforts to obtain the best execution and efficient execution on all portfolio transactions executed in respect of Fund from time to time, Notwithstanding the Allocated Portion. The foregoing, the Sub-Adviser may, may pay a broker-dealer that provides research and brokerage services a higher spread or commission for a particular transaction than otherwise might have been charged by another broker-dealer to the extent permissible permitted by Section 28(e) of the Securities Exchange Act of 19341934 and by the Trust’s registration statement, and consistent with applicable Sub-Adviser Procedures, consider, among other things, the financial responsibility, research and investment information, and other services provided by brokers or dealers who may effect or be a party to any such transaction or to other transactions to which other clients of if the Sub-Adviser may be a party. On occasions when determines that the higher commission is reasonable in relation to the value of the brokerage and research services that such broker-dealer provides, viewed in terms of either the particular transaction or the Sub-Adviser’s overall responsibilities with respect to accounts managed by the Sub-Adviser. The Sub-Adviser deems may use for the purchase or sale of a Commodity Interest to be in the best interest of the Fund as well as other clients benefit of the Sub-Adviser’s other clients, or make available to companies affiliated with the Sub-Adviser mayor to its directors for the benefit of its clients, in accordance with applicable law any such brokerage and any relevant research services that the Sub-Adviser Procedures, aggregate obtains from brokers or dealers. The Sub-Adviser agrees to monitor any failing trades and work proactively to resolve these issues. Sub-Adviser agrees to reimburse the Commodity Interests Fund for any overdraft interest incurred as a result of a failing trade if (a) due to be so purchased or sold with other orders for other clients the fault of the Sub-Adviser in order to obtain best execution. In such event, allocation of the Commodity Interests so purchased Adviser; or sold, as well as of the fees and expenses incurred in the transaction, will be made by the (b) where Sub-Adviser consistent with the Sub-Advisers Procedures and in the manner it considers has failed to be equitable and consistent with its fiduciary obligations use commercially reasonable efforts to the Fund and to such other clients. On an ongoing basis, at such times as the Adviser or the Board shall request, the Sub-Adviser will provide a written report to the Adviser and the Board, in a form reasonably agreed between the Sub-Adviser and the Adviser, summarizing (i) the brokerage details with respect to transactions executed by the Sub-Adviser for the Allocated Portion andseek reimbursement from third parties.

Broker Selection. To the extent provided in the Registration Statement, and in accordance with applicable law and applicable policies and procedures of the Sub-Adviser, as approved by the Board (the “Sub-Adviser Procedures”), the Sub-Adviser shall, in the name of the Fund, place orders for the execution of portfolio transactions for the Allocated Portion, when applicable, with or through such brokers, dealers or other financial institutions described in Section 2(e) hereof. The Sub-Adviser shall use its reasonable best efforts to obtain the best execution and efficient execution on all portfolio transactions executed in respect of the Allocated Portion. The Sub-Adviser may, to the extent permissible by Section 28(e) of the Securities Exchange Act of 1934, and consistent with applicable Sub-Adviser Procedures, consider, among other things, the financial responsibility, research and investment information, and other services provided by brokers or dealers who may effect or be a party to any such transaction or to other transactions to which other clients of the Sub-Adviser may be a party. On occasions when the Sub-Adviser deems the purchase or sale of a Commodity Interest to be in the best interest of the Fund as well as other clients of the Sub-Adviser, the Sub-Adviser may, in accordance with applicable law and any relevant Sub-Adviser Procedures, aggregate the Commodity Interests to be so purchased or sold with other orders for other clients of the Sub-Adviser in order to obtain best execution. In such event, allocation of the Commodity Interests so purchased or sold, as well as of the fees and expenses incurred in the transaction, will be made by the Sub-Adviser consistent with the Sub-Advisers Procedures and in the manner it considers to be equitable and consistent with its fiduciary obligations to the Fund and to such other clients. On an ongoing basis, at such times as the Adviser or the Board shall request, the Sub-Adviser will provide a written report to the Adviser and the Board, in a form reasonably agreed between the Sub-Adviser and the Adviser, summarizing (i) the brokerage details with respect to transactions executed by the Sub-Adviser for the Allocated Portion andand (ii) the “soft dollar” arrangements that the Sub-Adviser maintains with brokers or dealers that execute transactions for the Allocated Portion, and of all research and other services provided to the Sub-Adviser by a broker or dealer (whether prepared by such broker or dealer or by a third party) as a result, in whole or in part, of the direction of Fund transactions for the Allocated Portion to the broker or dealer.