Operational Issues

An IRC must have at least three members, with staggered terms of office of not less than 2 and not more than 5 years (but members can be reappointed to serve multiple terms).

The members of the IRC must be independent of the manager, the mutual fund and entities related to the manager (within the meaning of the Instrument).

Independent Review Inc. will handle all the operations of the IRC, including scheduling and holding meetings (as and when required), preparing minutes and reports, arranging the attendance of outside experts (where appropriate), and the selection and appointment of new or additional members of the committee.