Creation & Redemption Fees

*Important Notice Regarding Benchmark Change — For more information please read the Press Release.

¹ Fixed fees are applied to all transactions. In-kind Creation Units purchased or redeemed outside of the NSCC may be required to pay up to three times the NSCC Fixed Transaction Fee.

² For orders of $15 million or more, the Advisor may charge, in its sole discretion, a variable Create/Redeem fee between 0.00% and 0.50%.

³ The Advisor may charge, in its sole discretion, a variable Create/Redeem fee between 0.00% and 3.00%

⁴ CR/RD Cutoff Time for Cash is 3:30 p.m. ET.

⁵ Fund will open for orders between 4:15 p.m. and 5:00 p.m. ET for the next day’s NAV; orders will not be accepted after 5:00 p.m.; in-kind orders accepted until 4:00 p.m. for trade date NAV orders.

⁶ Fund will open for orders between 4:15 p.m. and 5:00 p.m. ET for the next day’s NAV; orders will not be accepted after 5:00 p.m.

⁷ In-kind orders are accepted until 11:30 a.m. ET. This time may vary due to difference in when daylight saving time is effective between London and New York time. The actual NAV Time is 4:30 p.m. London time. The Fund will also open for orders between 12:00 p.m. and 5:00 p.m. ET for the next day’s NAV.

⁸ Cash CR/RDs are allowed at the discretion of and at the terms set by the Advisor.

⁹ CR/RD Cutoff Time may be adjusted on days when the primary underlying bond market closes early.

¹⁰ Any gain/losses resulting from trading Cash-in-Lieu markets and restricted FX will be exchanged between the AP and the Fund following settlement of the equity and currency trades.

¹¹ CR/RD Times apply to In-Kind orders only.

¹² In-Kind CR/RD are allowed at the discretion of and at the terms set by the Advisor.

¹³ As of 5/27/24 redemptions for these funds will be T+2.