<SEC-DOCUMENT>0001868420-21-000112.txt : 20211028
<SEC-HEADER>0001868420-21-000112.hdr.sgml : 20211028
<ACCEPTANCE-DATETIME>20211028123315
ACCESSION NUMBER:		0001868420-21-000112
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20210831
FILED AS OF DATE:		20211028
DATE AS OF CHANGE:		20211028
EFFECTIVENESS DATE:		20211028

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANKLIN UNIVERSAL TRUST
		CENTRAL INDEX KEY:			0000833040
		IRS NUMBER:				943077602
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-05569
		FILM NUMBER:		211356424

	BUSINESS ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906
		BUSINESS PHONE:		650-312-2000

	MAIL ADDRESS:	
		STREET 1:		ONE FRANKLIN PARKWAY
		CITY:			SAN MATEO
		STATE:			CA
		ZIP:			94403-1906
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>primary-document.htm
<TEXT>
<html><head></head><body><div style="position: relative;page: WordSection1">

<div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, DC 20549</div></div>

<div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">FORM N-CSR</div></b></div>

<div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">CERTIFIED SHAREHOLDER REPORT
OF REGISTERED MANAGEMENT INVESTMENT COMPANIES</div></b></div>

<div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Investment Company Act file
number: <u>811-05569</u></div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><u><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Franklin Universal Trust </div></u></div>

<div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">(Exact name of registrant as
specified in charter)</div></div>

<div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><u><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">One Franklin Parkway, San
Mateo, CA 94403-1906</div></u><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;"><br>
(Address of principal executive offices)(Zip code)</div></div>

<div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><u><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Craig S. Tyle, One Franklin
Parkway, San Mateo, Ca 94403-1906</div></u><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;"><br>
(Name and address of agent for service)</div></div>

<div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Registrant's
telephone number, including area code:<u>(650) 312-2000</u></div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Date
of fiscal year end: <u>8/31</u></div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Date
of reporting period: <u>8/31/21</u></div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Item
1. Reports to Stockholders.</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: -22.5pt;margin-right: 0in;margin-left: 22.5pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">a.)<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;
</div></div><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">The
following is a copy of the report transmitted to shareholders pursuant to
Rule30e-1 under the Investment Company Act of 1940, as amended (the &#8220;1940 Act&#8221;)
(17 CFR 270.30e-1.)<br>
<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: -22.5pt;margin-right: 0in;margin-left: 22.5pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">b.)<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;
</div></div><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Include
a copy of each notice transmitted to stockholders in reliance on Rule 30e-3
under the Act (17 CFR 270.30e-3) that contains disclosures specified by
paragraph (c)(3) of that rule. </div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 22.5pt;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Not Applicable</div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">.</div></div>

<div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;mso-style-link: &quot;Plain Text Char&quot;;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b>&#160;</b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

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		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAfIAAAA8CAYAAACdBDigAAAACXBIWXMAABcRAAAXEQHKJvM/AAABGElEQVR4Xu3VMRGAABADwZeGaCTgAykPDmi5mS02Vfqb3R0AoOnzAAD815zXfQAATfPOAgBNQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhQg4AYUIOAGFCDgBhswsAVH0eAID/egDQgUxKMkJuFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:29px;left:72px;position:absolute;top:98px;width:239px">
			<div style="width:4781px;height:540px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="color:#004a97;font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;text-transform:uppercase;position:absolute;top:170.44px;left:288px;letter-spacing:-0.4px;white-space:nowrap">Annual </div><div style="color:#004a97;font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;text-transform:uppercase;position:absolute;top:170.44px;left:1022.77px;white-space:nowrap">Report</div></div>
		</div>
		<div style="height:248px;left:100px;position:absolute;top:140px;width:334px">
			<div style="width:6698px;height:4676px;position:absolute;top:13.57px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">


			<div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:550px;font-weight:bold;text-transform:uppercase;position:absolute;top:-88.3px;left:0px;white-space:nowrap">Franklin </div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:550px;font-weight:bold;text-transform:uppercase;position:absolute;top:-88.3px;left:2915.21px;letter-spacing:-0.93px;white-space:nowrap">Universal </div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:550px;font-weight:bold;text-transform:uppercase;position:absolute;top:611.7px;left:0px;white-space:nowrap">Trust</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:220px;position:absolute;top:2074.23px;left:0px;white-space:nowrap">August </div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:220px;position:absolute;top:2074.23px;left:746.04px;white-space:nowrap">31, </div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:220px;position:absolute;top:2074.23px;left:1113px;white-space:nowrap">2021</div></div>
		</div>
		<div style="background-color:transparent;height:9px;left:46px;position:absolute;top:454px;width:26px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAGwAAAAkCAYAAABsbd/MAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAeElEQVRoQ+3KMQ0AMAzAsOIbwcHdIORNpRz+PHPuyyIY4oIhLhjigiEuGOKCIS4Y4oIhLhjigiEuGOKCIS4Y4oIhLhjigiEuGOKCIS4Y4oIhLhjigiEuGOKCIS4Y4oIhLhjigiEuGOKCIS4Y4oIhLhjigiEuGKLyAWUge6W4W6oXAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="background-color:transparent;height:26px;left:64px;position:absolute;top:454px;width:9px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAABsCAYAAAACCxCZAAAACXBIWXMAAC4jAAAuIwF4pT92AAAA50lEQVRoQ83KMREAIAwAserDIHKLhN9yDNkyc+5+JYOWQcugZdAyaBm0DFoGLYOWQcugZdAyaBm0DFoGLYOWQcugZdAyaBm0DFoGLYOWQcugZdAyaBm0DFoGLYOWQcugZdAyaBm0DFoGLYOWQcugZdAyaBm0DFoGLYOWQcugZdAyaBm0DFoGLYOWQcugZdAyaBm0DFoGLYOWQcugZdAyaBm0DFoGLYOWQcugZdAyaBm0DFoGLYOWQcugZdAyaBm0DFoGLYOWQcugZdAyaBm0DFoGLYOWQcugZdAyaBm0DFoGLYOWQcuAPcl3e6V1/h7kAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:245.52px;white-space:nowrap">Not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:564.27px;white-space:nowrap">FDIC </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:992.39px;white-space:nowrap">Insured </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:1812.8px;white-space:nowrap">May </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:2177.45px;white-space:nowrap">Lose </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:2605.87px;letter-spacing:-1.5px;white-space:nowrap">Value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:3262.51px;white-space:nowrap">No </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:3526.67px;white-space:nowrap">Bank </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:75.44px;left:3973.25px;white-space:nowrap">Guarantee</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report </div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-variant:small-caps;position:absolute;top:121.31px;left:644.15px;white-space:nowrap">1</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:360px;position:absolute;top:-42.71px;left:0px;white-space:nowrap">Contents</div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:595.69px;left:0px;white-space:nowrap">Annual </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:595.69px;left:659.97px;white-space:nowrap">Report</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:851.69px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:851.69px;left:690.21px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:851.69px;left:1487.2px;letter-spacing:-1.34px;white-space:nowrap">Trust</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:851.69px;left:4759.89px;white-space:nowrap">2</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1107.69px;left:0px;white-space:nowrap">Performance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1107.69px;left:1080.44px;white-space:nowrap">Summary</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1107.69px;left:4759.89px;white-space:nowrap">5</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1363.69px;left:0px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1363.69px;left:770.36px;white-space:nowrap">Highlights </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1363.69px;left:1610.77px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1363.69px;left:1961.1px;white-space:nowrap">Statement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1363.69px;left:2831.57px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1363.69px;left:3031.7px;white-space:nowrap">Investments</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1363.69px;left:4759.89px;white-space:nowrap">8</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1619.69px;left:0px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1619.69px;left:770.36px;white-space:nowrap">Statements</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1619.69px;left:4659.79px;white-space:nowrap">22</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1875.69px;left:0px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1875.69px;left:520.22px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1875.69px;left:720.35px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1875.69px;left:1490.71px;white-space:nowrap">Statements</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1875.69px;left:4659.79px;white-space:nowrap">26</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2131.69px;left:0px;white-space:nowrap">Report </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2131.69px;left:590.27px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2131.69px;left:790.4px;white-space:nowrap">Independent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2131.69px;left:1841.4px;white-space:nowrap">Registered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2347.69px;left:0px;white-space:nowrap">Public </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2347.69px;left:530.33px;white-space:nowrap">Accounting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2347.69px;left:1470.94px;white-space:nowrap">Firm</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2347.69px;left:4659.79px;white-space:nowrap">38</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2603.69px;left:0px;letter-spacing:-4.99px;white-space:nowrap">Tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2603.69px;left:330.12px;white-space:nowrap">Information</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2603.69px;left:4659.79px;white-space:nowrap">39</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2859.69px;left:0px;white-space:nowrap">Important </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2859.69px;left:810.35px;white-space:nowrap">Information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2859.69px;left:1760.8px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2859.69px;left:1960.93px;white-space:nowrap">Shareholders</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2859.69px;left:4659.79px;white-space:nowrap">40</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3115.69px;left:0px;white-space:nowrap">Annual </div><div style="font-family:Arial, 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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:400px;font-weight:bold;text-transform:uppercase;position:absolute;top:-53.52px;left:0px;letter-spacing:-0.81px;white-space:nowrap">ANNUAL </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:400px;font-weight:bold;text-transform:uppercase;position:absolute;top:-53.52px;left:1469.53px;white-space:nowrap">REPORT</div><div style="font-family:Arial, sans-serif;font-size:380px;position:absolute;top:795.07px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:380px;position:absolute;top:795.07px;left:1457.1px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:380px;position:absolute;top:795.07px;left:3139.64px;letter-spacing:-2.82px;white-space:nowrap">Trust</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1560.01px;left:0px;white-space:nowrap">Dear </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1560.01px;left:440.16px;white-space:nowrap">Shareholder:</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1990.01px;left:0px;white-space:nowrap">This </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1990.01px;left:390.06px;white-space:nowrap">annual</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1990.01px;left:980.6px;white-space:nowrap">report </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1990.01px;left:1500.82px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1990.01px;left:1760.89px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1990.01px;left:2451.09px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1990.01px;left:3248.09px;letter-spacing:-1.11px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1990.01px;left:3701.43px;white-space:nowrap">covers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1990.01px;left:4281.59px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2240.01px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2240.01px;left:460.11px;white-space:nowrap">year</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2240.01px;left:860.27px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2240.01px;left:1400.89px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2240.01px;left:2011.29px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2240.01px;left:2311.52px;white-space:nowrap">202</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2240.01px;left:2611.85px;white-space:nowrap">1</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2240.01px;left:2711.95px;white-space:nowrap">.</div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:2816.27px;left:0px;letter-spacing:-4.77px;white-space:nowrap">Your </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:2816.27px;left:597.57px;letter-spacing:-0.67px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:2816.27px;left:1445.49px;white-space:nowrap">Goal </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:2816.27px;left:2066.92px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:2816.27px;left:2572.96px;white-space:nowrap">Main </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:2816.27px;left:3208.74px;white-space:nowrap">Investments</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3191.61px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3191.61px;left:360.18px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3191.61px;left:947.2px;white-space:nowrap">primary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3191.61px;left:1597.24px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3191.61px;left:2517.63px;white-space:nowrap">objective </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3191.61px;left:3278.06px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3191.61px;left:3458.06px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3191.61px;left:3658.18px;white-space:nowrap">provide </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3191.61px;left:4298.55px;white-space:nowrap">high, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3441.61px;left:0px;white-space:nowrap">current </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3441.61px;left:610.22px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3441.61px;left:1240.49px;white-space:nowrap">consistent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3441.61px;left:2100.94px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3441.61px;left:2471.04px;white-space:nowrap">preservation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3441.61px;left:3511.58px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3441.61px;left:3711.71px;white-space:nowrap">capital. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3441.61px;left:4332.04px;white-space:nowrap">Its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3691.61px;left:0px;white-space:nowrap">secondary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3691.61px;left:880.49px;white-space:nowrap">objective </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3691.61px;left:1640.92px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3691.61px;left:1820.92px;white-space:nowrap">growth </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3691.61px;left:2411.19px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3691.61px;left:2611.32px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3691.61px;left:3241.58px;white-space:nowrap">through </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3691.61px;left:3902.08px;white-space:nowrap">dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3941.61px;left:0px;white-space:nowrap">increases </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3941.61px;left:820.37px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3941.61px;left:1170.7px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3941.61px;left:1741.03px;white-space:nowrap">appreciation.</div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:4517.87px;left:0px;white-space:nowrap">Performance </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:4517.87px;left:1560.63px;white-space:nowrap">Overview</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4893.21px;left:0px;white-space:nowrap">For </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4893.21px;left:320.01px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4893.21px;left:620.24px;white-space:nowrap">12 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4893.21px;left:870.47px;white-space:nowrap">months </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4893.21px;left:1510.75px;white-space:nowrap">under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4893.21px;left:2021.13px;letter-spacing:-1.24px;white-space:nowrap">review, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4893.21px;left:2631.36px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4893.21px;left:2931.59px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4893.21px;left:3518.61px;white-space:nowrap">cumulative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5143.21px;left:0px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5143.21px;left:390.23px;white-space:nowrap">returns </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5143.21px;left:1000.46px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5143.21px;left:1440.62px;white-space:nowrap">+15.33% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5143.21px;left:2206.23px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5143.21px;left:2746.67px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5143.21px;left:2996.89px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5143.21px;left:3297.13px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5143.21px;left:3777.36px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5393.21px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5393.21px;left:350.33px;white-space:nowrap">+29.55% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5393.21px;left:1115.95px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5393.21px;left:1656.39px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5393.21px;left:1906.61px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5393.21px;left:2506.73px;white-space:nowrap">price, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5393.21px;left:2996.89px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5393.21px;left:3237.01px;white-space:nowrap">shown </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5393.21px;left:3807.33px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5393.21px;left:3997.44px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5643.21px;left:0px;white-space:nowrap">Performance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5643.21px;left:1080.44px;white-space:nowrap">Summary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5643.21px;left:1900.55px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5643.21px;left:2150.77px;white-space:nowrap">page </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5643.21px;left:2601.21px;white-space:nowrap">5</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5643.21px;left:2701.32px;white-space:nowrap">. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5643.21px;left:2801.34px;white-space:nowrap">For </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5643.21px;left:3121.35px;white-space:nowrap">comparison, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5643.21px;left:4151.78px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5893.21px;left:0px;white-space:nowrap">Credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5893.21px;left:530.16px;white-space:nowrap">Suisse </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5893.21px;left:1120.43px;white-space:nowrap">(CS) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5893.21px;left:1540.37px;white-space:nowrap">High </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5893.21px;left:1957.32px;letter-spacing:-1.11px;white-space:nowrap">Yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5893.21px;left:2400.91px;white-space:nowrap">Index, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5893.21px;left:2941.26px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5893.21px;left:3451.46px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5893.21px;left:3631.46px;white-space:nowrap">designed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5893.21px;left:4412.11px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6143.21px;left:0px;white-space:nowrap">mirror </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6143.21px;left:519.87px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6143.21px;left:820.11px;white-space:nowrap">investable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6143.21px;left:1680.64px;white-space:nowrap">universe </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6143.21px;left:2411.02px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6143.21px;left:2611.14px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6143.21px;left:2911.38px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6143.21px;left:3311.46px;white-space:nowrap">dollar-denominated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6393.21px;left:0px;white-space:nowrap">high-yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6393.21px;left:820.46px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6393.21px;left:1220.8px;white-space:nowrap">market, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6393.21px;left:1870.93px;white-space:nowrap">posted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6393.21px;left:2461.38px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6393.21px;left:2611.49px;white-space:nowrap">+10.25% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6393.21px;left:3377.11px;white-space:nowrap">cumulative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6393.21px;left:4287.48px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6643.21px;left:0px;white-space:nowrap">return,</div><div style="font-family:Arial, sans-serif;font-size:104.9px;position:absolute;top:6646.82px;left:520.22px;white-space:nowrap">1</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6643.21px;left:628.6px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6643.21px;left:978.93px;white-space:nowrap">utilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6643.21px;left:1579.13px;white-space:nowrap">stocks, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6643.21px;left:2189.27px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6643.21px;left:2429.39px;white-space:nowrap">measured </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6643.21px;left:3279.82px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6643.21px;left:3519.93px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6643.21px;left:3820.17px;white-space:nowrap">Standard </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6893.21px;left:0px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6893.21px;left:170.07px;letter-spacing:0.57px;white-space:nowrap">Poor&#8217;s</div><div style="font-family:Arial, sans-serif;font-size:104.9px;position:absolute;top:6896.82px;left:683.7px;white-space:nowrap">&#174;</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6893.21px;left:811.03px;white-space:nowrap">(S&amp;P</div><div style="font-family:Arial, sans-serif;font-size:104.9px;position:absolute;top:6896.82px;left:1231.15px;white-space:nowrap">&#174;</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6893.21px;left:1308.47px;white-space:nowrap">) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6893.21px;left:1418.42px;white-space:nowrap">500 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6893.21px;left:1768.75px;white-space:nowrap">Utilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6893.21px;left:2398.84px;white-space:nowrap">Index, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6893.21px;left:2939.19px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6893.21px;left:3449.4px;white-space:nowrap">tracks </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6893.21px;left:3979.47px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6893.21px;left:4209.56px;white-space:nowrap">utility </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7143.21px;left:0px;white-space:nowrap">stocks </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7143.21px;left:560.13px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7143.21px;left:750.23px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7143.21px;left:1050.47px;white-space:nowrap">broad </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7143.21px;left:1560.85px;letter-spacing:-0.81px;white-space:nowrap">S&amp;P </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7143.21px;left:1967.78px;white-space:nowrap">500</div><div style="font-family:Arial, sans-serif;font-size:104.9px;position:absolute;top:7146.82px;left:2268.11px;white-space:nowrap">&#174;</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7143.21px;left:2395.44px;white-space:nowrap">Index, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7143.21px;left:2935.79px;white-space:nowrap">posted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7143.21px;left:3526.24px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7143.21px;left:3676.35px;white-space:nowrap">+19.66% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7393.21px;left:0px;white-space:nowrap">cumulative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7393.21px;left:910.37px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7393.21px;left:1300.61px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7393.21px;left:1820.83px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7393.21px;left:2080.9px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7393.21px;left:2381.13px;white-space:nowrap">same </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7393.21px;left:2871.3px;white-space:nowrap">period.</div><div style="font-family:Arial, sans-serif;font-size:104.9px;position:absolute;top:7396.82px;left:3421.67px;white-space:nowrap">2</div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7823.21px;left:0px;white-space:nowrap">Performance </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7823.21px;left:1080.44px;white-space:nowrap">data </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7823.21px;left:1480.78px;white-space:nowrap">represent </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7823.21px;left:2291.22px;white-space:nowrap">past </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7823.21px;left:2681.46px;white-space:nowrap">performance, </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7823.21px;left:3791.95px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:7823.21px;left:4302.16px;white-space:nowrap">does </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8073.21px;left:0px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8073.21px;left:300.23px;white-space:nowrap">guarantee </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8073.21px;left:1160.95px;white-space:nowrap">future </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8073.21px;left:1671.24px;white-space:nowrap">results. </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8073.21px;left:2301.42px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8073.21px;left:3231.83px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8073.21px;left:3752.05px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8073.21px;left:4102.38px;white-space:nowrap">principal </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8323.21px;left:0px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8323.21px;left:480.32px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8323.21px;left:780.29px;text-rendering:optimizeLegibility;white-space:nowrap">fluctuate, </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8323.21px;left:1560.76px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8323.21px;left:1911.09px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8323.21px;left:2251.32px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8323.21px;left:2641.38px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8323.21px;left:3081.71px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8323.21px;left:3231.83px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8323.21px;left:3622.15px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8323.21px;left:3832.21px;white-space:nowrap">loss </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8323.21px;left:4202.31px;white-space:nowrap">when </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8573.21px;left:0px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8573.21px;left:340.22px;white-space:nowrap">sell </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8573.21px;left:660.32px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8573.21px;left:1060.49px;white-space:nowrap">shares. </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8573.21px;left:1700.77px;white-space:nowrap">Current </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8573.21px;left:2350.99px;white-space:nowrap">performance </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8573.21px;left:3411.47px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8573.21px;left:3801.53px;white-space:nowrap">differ </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8573.21px;left:4251.71px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8823.21px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">figures </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:8823.21px;left:590.27px;white-space:nowrap">shown.</div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:9399.47px;left:0px;white-space:nowrap">Economic </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:9399.47px;left:1213.8px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:9399.47px;left:1719.83px;white-space:nowrap">Market </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:9399.47px;left:2586.67px;white-space:nowrap">Overview</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9774.81px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9774.81px;left:360.18px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9774.81px;left:760.25px;white-space:nowrap">bond </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9774.81px;left:1210.69px;white-space:nowrap">market, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9774.81px;left:1860.82px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9774.81px;left:2100.94px;white-space:nowrap">measured </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9774.81px;left:2951.37px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9774.81px;left:3191.48px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9774.81px;left:3491.72px;white-space:nowrap">Bloomberg </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10024.81px;left:0px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10024.81px;left:390.15px;white-space:nowrap">Aggregate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10024.81px;left:1270.81px;white-space:nowrap">Bond </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10024.81px;left:1741.2px;white-space:nowrap">Index, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10024.81px;left:2281.55px;white-space:nowrap">posted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10024.81px;left:2872px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10024.81px;left:3022.12px;white-space:nowrap">-0.08% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10024.81px;left:3642.45px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10024.81px;left:4032.69px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10274.81px;left:0px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10274.81px;left:260.07px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10274.81px;left:560.3px;white-space:nowrap">12 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10274.81px;left:810.53px;white-space:nowrap">months </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10274.81px;left:1450.81px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10274.81px;left:1991.43px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10274.81px;left:2601.83px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10274.81px;left:2902.06px;white-space:nowrap">2021.</div><div style="font-family:Arial, sans-serif;font-size:104.9px;position:absolute;top:10278.42px;left:3352.5px;white-space:nowrap">2</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10274.81px;left:3450.94px;white-space:nowrap">As </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10274.81px;left:3711.01px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10274.81px;left:4011.24px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10524.81px;left:0px;white-space:nowrap">economy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10524.81px;left:780.38px;white-space:nowrap">continued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10524.81px;left:1611.04px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10524.81px;left:1811.16px;white-space:nowrap">recover </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10524.81px;left:2461.38px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10524.81px;left:2871.39px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10524.81px;left:3171.62px;white-space:nowrap">novel </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10524.81px;left:3651.94px;white-space:nowrap">coronavirus </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10774.81px;left:0px;white-space:nowrap">(COVID-19) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10774.81px;left:1000.11px;white-space:nowrap">pandemic, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10774.81px;left:1880.6px;white-space:nowrap">investor </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10774.81px;left:2560.87px;white-space:nowrap">appetite </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10774.81px;left:3251.43px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10774.81px;left:3511.49px;white-space:nowrap">risk </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10774.81px;left:3841.44px;white-space:nowrap">increased </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11024.81px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11024.81px;left:350.33px;text-rendering:optimizeLegibility;white-space:nowrap">inflation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11024.81px;left:1020.76px;white-space:nowrap">concerns </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11024.81px;left:1801.14px;white-space:nowrap">rose. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11024.81px;left:2251.32px;letter-spacing:-0.95px;white-space:nowrap">Consequently, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11024.81px;left:3438.72px;white-space:nowrap">lower-rated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11274.81px;left:0px;white-space:nowrap">bonds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11274.81px;left:540.44px;white-space:nowrap">posted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11274.81px;left:1130.89px;text-rendering:optimizeLegibility;white-space:nowrap">significantly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11274.81px;left:2111.31px;white-space:nowrap">greater </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11274.81px;left:2731.64px;white-space:nowrap">returns </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11274.81px;left:3341.87px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11274.81px;left:3742.21px;white-space:nowrap">higher-rated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11524.81px;left:0px;white-space:nowrap">bonds, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11524.81px;left:590.45px;white-space:nowrap">while </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11524.81px;left:1050.64px;white-space:nowrap">shorter-term </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11524.81px;left:2080.81px;white-space:nowrap">bonds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11524.81px;left:2621.25px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11524.81px;left:3401.72px;white-space:nowrap">outperformed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11774.81px;left:0px;white-space:nowrap">longer-term </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11774.81px;left:970.31px;white-space:nowrap">bonds, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11774.81px;left:1560.76px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11774.81px;left:2070.97px;white-space:nowrap">tend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11774.81px;left:2471.31px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11774.81px;left:2671.44px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11774.81px;left:2921.66px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11774.81px;left:3381.77px;white-space:nowrap">sensitive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11774.81px;left:4132.09px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12024.81px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">inflation. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12024.81px;left:717.19px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12024.81px;left:1077.36px;text-rendering:optimizeLegibility;white-space:nowrap">inflation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12024.81px;left:1747.79px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12024.81px;left:2107.97px;white-space:nowrap">surged </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12024.81px;left:2708.35px;white-space:nowrap">during </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12024.81px;left:3258.72px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12024.81px;left:3558.96px;white-space:nowrap">period </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12024.81px;left:4109.33px;white-space:nowrap">amid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1560.01px;left:5220px;white-space:nowrap">increased </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1560.01px;left:6050.48px;white-space:nowrap">demand </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1560.01px;left:6750.97px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1560.01px;left:7101.3px;white-space:nowrap">supply-chain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1560.01px;left:8161.88px;white-space:nowrap">bottlenecks, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1560.01px;left:9172.44px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1560.01px;left:9542.55px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1810.01px;left:5220px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1810.01px;left:5660.16px;white-space:nowrap">pressures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1810.01px;left:6500.48px;white-space:nowrap">coming </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1810.01px;left:7130.74px;white-space:nowrap">principally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1810.01px;left:7981.08px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1810.01px;left:8391.09px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1810.01px;left:8691.33px;white-space:nowrap">areas </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1810.01px;left:9191.6px;white-space:nowrap">particularly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2060.01px;left:5220px;white-space:nowrap">impacted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2060.01px;left:6000.38px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2060.01px;left:6240.5px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2060.01px;left:6540.73px;white-space:nowrap">shutdown, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2060.01px;left:7411.29px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2060.01px;left:7841.51px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2060.01px;left:8081.63px;white-space:nowrap">used </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2060.01px;left:8521.96px;white-space:nowrap">vehicles, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2060.01px;left:9272.29px;white-space:nowrap">airfares, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2310.01px;left:5220px;white-space:nowrap">semiconductors </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2310.01px;left:6530.54px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2310.01px;left:6880.87px;white-space:nowrap">building </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2310.01px;left:7551.39px;white-space:nowrap">materials.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2740.01px;left:5220px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2740.01px;left:5420.13px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2740.01px;left:5670.35px;letter-spacing:-0.46px;white-space:nowrap">effort </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2740.01px;left:6127.29px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2740.01px;left:6327.42px;white-space:nowrap">support </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2740.01px;left:6977.81px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2740.01px;left:7278.05px;letter-spacing:-1.48px;white-space:nowrap">economy, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2740.01px;left:8095.08px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2740.01px;left:8395.31px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2740.01px;left:8795.39px;white-space:nowrap">Federal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2990.01px;left:5220px;white-space:nowrap">Reserve </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2990.01px;left:5940.26px;white-space:nowrap">(Fed) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2990.01px;left:6420.32px;white-space:nowrap">kept </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2990.01px;left:6810.56px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2990.01px;left:7110.79px;white-space:nowrap">federal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2990.01px;left:7711.17px;white-space:nowrap">funds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2990.01px;left:8201.51px;white-space:nowrap">target </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2990.01px;left:8711.81px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2990.01px;left:9071.98px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2990.01px;left:9272.11px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3240.01px;left:5220px;white-space:nowrap">record-low </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3240.01px;left:6110.24px;white-space:nowrap">range </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3240.01px;left:6620.63px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3240.01px;left:6820.75px;white-space:nowrap">0.00%&#8211;0.25%. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3240.01px;left:8038.39px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3240.01px;left:8398.56px;white-space:nowrap">Fed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3240.01px;left:8758.74px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3240.01px;left:9138.96px;white-space:nowrap">maintained </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3490.01px;left:5220px;white-space:nowrap">quantitative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3490.01px;left:6190.66px;white-space:nowrap">easing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3490.01px;left:6771.09px;white-space:nowrap">measures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3490.01px;left:7611.42px;white-space:nowrap">aimed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3490.01px;left:8151.68px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3490.01px;left:8351.81px;white-space:nowrap">ensuring </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3490.01px;left:9092.29px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3490.01px;left:9582.45px;text-rendering:optimizeLegibility;white-space:nowrap">flows </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3740.01px;left:5220px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3740.01px;left:5420.13px;white-space:nowrap">borrowers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3740.01px;left:6270.38px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3740.01px;left:6620.71px;white-space:nowrap">supporting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3740.01px;left:7511.31px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3740.01px;left:8001.47px;white-space:nowrap">markets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3740.01px;left:8691.59px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3740.01px;left:9061.7px;white-space:nowrap">open-ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3990.01px;left:5220px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3990.01px;left:5616.83px;letter-spacing:-0.74px;white-space:nowrap">Treasury </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3990.01px;left:6370.31px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3990.01px;left:6720.64px;white-space:nowrap">mortgage </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3990.01px;left:7531.08px;white-space:nowrap">bond </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3990.01px;left:7981.52px;white-space:nowrap">purchasing. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3990.01px;left:8962.12px;letter-spacing:-1.1px;white-space:nowrap">However, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3990.01px;left:9762.45px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4240.01px;left:5220px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4240.01px;left:5460.29px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4240.01px;left:6070.69px;white-space:nowrap">2021 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4240.01px;left:6521.13px;white-space:nowrap">speech, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4240.01px;left:7201.58px;white-space:nowrap">Fed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4240.01px;left:7561.76px;white-space:nowrap">Chair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4240.01px;left:8041.9px;white-space:nowrap">Jerome </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4240.01px;left:8692.12px;white-space:nowrap">Powell </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4240.01px;left:9272.37px;white-space:nowrap">stated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4490.01px;left:5220px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4490.01px;left:5570.24px;white-space:nowrap">he </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4490.01px;left:5820.47px;white-space:nowrap">anticipated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4490.01px;left:6741.12px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4490.01px;left:7041.36px;white-space:nowrap">Fed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4490.01px;left:7401.53px;white-space:nowrap">would </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4490.01px;left:7921.85px;white-space:nowrap">begin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4490.01px;left:8412.28px;white-space:nowrap">reducing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4490.01px;left:9152.75px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4490.01px;left:9382.76px;white-space:nowrap">bond </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4740.01px;left:5220px;white-space:nowrap">purchases </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4740.01px;left:6100.49px;white-space:nowrap">later </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4740.01px;left:6500.65px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4740.01px;left:6690.76px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4740.01px;left:7191.21px;white-space:nowrap">although </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4740.01px;left:7931.87px;white-space:nowrap">further </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4740.01px;left:8502.1px;white-space:nowrap">progress </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4740.01px;left:9252.42px;white-space:nowrap">was </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4990.01px;left:5220px;white-space:nowrap">needed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4990.01px;left:5870.65px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4990.01px;left:6120.88px;white-space:nowrap">increasing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4990.01px;left:6991.35px;white-space:nowrap">employment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4990.01px;left:8021.78px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4990.01px;left:8582.17px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4990.01px;left:8882.4px;white-space:nowrap">Fed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4990.01px;left:9242.58px;white-space:nowrap">would </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5240.01px;left:5220px;white-space:nowrap">consider </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5240.01px;left:5950.37px;white-space:nowrap">raising </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5240.01px;left:6530.63px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5240.01px;left:7170.91px;white-space:nowrap">rates. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5670.01px;left:5220px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5670.01px;left:5616.83px;letter-spacing:-0.74px;white-space:nowrap">Treasury </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5670.01px;left:6370.31px;white-space:nowrap">bonds, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5670.01px;left:6960.76px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5670.01px;left:7200.88px;white-space:nowrap">measured </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5670.01px;left:8051.31px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5670.01px;left:8291.43px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5670.01px;left:8591.66px;white-space:nowrap">Bloomberg </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5920.01px;left:5220px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5920.01px;left:5616.83px;letter-spacing:-0.74px;white-space:nowrap">Treasury </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5920.01px;left:6370.31px;white-space:nowrap">Index, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5920.01px;left:6910.66px;white-space:nowrap">posted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5920.01px;left:7501.11px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5920.01px;left:7651.23px;letter-spacing:-1.91px;white-space:nowrap">-2.11% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5920.01px;left:8258.2px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5920.01px;left:8648.44px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5920.01px;left:9168.66px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5920.01px;left:9428.73px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6170.01px;left:5220px;white-space:nowrap">12-month </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6170.01px;left:6030.44px;white-space:nowrap">period.</div><div style="font-family:Arial, sans-serif;font-size:104.9px;position:absolute;top:6173.62px;left:6580.81px;white-space:nowrap">2</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6170.01px;left:6685.93px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6170.01px;left:7046.11px;white-space:nowrap">10-year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6170.01px;left:7706.43px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6170.01px;left:8103.26px;letter-spacing:-0.74px;white-space:nowrap">Treasury </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6170.01px;left:8856.74px;white-space:nowrap">yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6170.01px;left:9276.95px;white-space:nowrap">(which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6420.01px;left:5220px;white-space:nowrap">moves </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6420.01px;left:5800.17px;white-space:nowrap">inversely </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6420.01px;left:6560.42px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6420.01px;left:6760.55px;white-space:nowrap">price) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6420.01px;left:7260.64px;white-space:nowrap">was </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6420.01px;left:7630.75px;white-space:nowrap">near </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6420.01px;left:8041.03px;white-space:nowrap">all-time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6420.01px;left:8671.11px;white-space:nowrap">lows </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6420.01px;left:9081.21px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6420.01px;left:9321.33px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6670.01px;left:5220px;white-space:nowrap">period </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6670.01px;left:5770.37px;white-space:nowrap">began. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6670.01px;left:6370.93px;letter-spacing:-1.1px;white-space:nowrap">However, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6670.01px;left:7171.26px;white-space:nowrap">yields </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6670.01px;left:7681.46px;white-space:nowrap">rose </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6670.01px;left:8081.63px;white-space:nowrap">thereafter </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6670.01px;left:8902.09px;white-space:nowrap">amid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6670.01px;left:9342.25px;white-space:nowrap">many </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6920.01px;left:5220px;letter-spacing:-0.61px;white-space:nowrap">investors&#8217; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6920.01px;left:6023.58px;white-space:nowrap">increasing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6920.01px;left:6894.05px;text-rendering:optimizeLegibility;white-space:nowrap">inflation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6920.01px;left:7564.48px;white-space:nowrap">expectations. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6920.01px;left:8675.16px;white-space:nowrap">Mortgage-</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7170.01px;left:5220px;white-space:nowrap">backed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7170.01px;left:5850.44px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7170.01px;left:6660.7px;white-space:nowrap">(MBS), </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7170.01px;left:7270.66px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7170.01px;left:7510.78px;white-space:nowrap">measured </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7170.01px;left:8361.21px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7170.01px;left:8601.33px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7170.01px;left:8901.56px;white-space:nowrap">Bloomberg </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7420.01px;left:5220px;white-space:nowrap">MBS </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7420.01px;left:5660.07px;white-space:nowrap">Index, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7420.01px;left:6200.42px;white-space:nowrap">posted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7420.01px;left:6790.87px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7420.01px;left:6940.99px;white-space:nowrap">-0.18% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7420.01px;left:7561.32px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7420.01px;left:7951.55px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7420.01px;left:8471.78px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7420.01px;left:8731.85px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7420.01px;left:9032.08px;white-space:nowrap">period, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7420.01px;left:9632.46px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7670.01px;left:5220px;white-space:nowrap">low </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7670.01px;left:5540.1px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7670.01px;left:6180.38px;white-space:nowrap">rates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7670.01px;left:6630.56px;white-space:nowrap">accelerated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7670.01px;left:7611.15px;white-space:nowrap">prepayments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7670.01px;left:8701.7px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7670.01px;left:9111.71px;white-space:nowrap">mortgage </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7920.01px;left:5220px;text-rendering:optimizeLegibility;white-space:nowrap">refinancing.</div><div style="font-family:Arial, sans-serif;font-size:104.9px;position:absolute;top:7923.62px;left:6150.59px;white-space:nowrap">2</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8350.01px;left:5220px;white-space:nowrap">Fed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8350.01px;left:5580.18px;white-space:nowrap">action </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8350.01px;left:6110.51px;white-space:nowrap">was </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8350.01px;left:6480.62px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8350.01px;left:6630.73px;white-space:nowrap">catalyst </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8350.01px;left:7290.97px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8350.01px;left:7551.04px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8350.01px;left:7851.27px;white-space:nowrap">recovery </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8350.01px;left:8591.48px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8350.01px;left:8781.59px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8350.01px;left:9081.83px;white-space:nowrap">corporate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8600.01px;left:5220px;white-space:nowrap">bond </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8600.01px;left:5670.44px;white-space:nowrap">market, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8600.01px;left:6320.57px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8600.01px;left:6830.77px;white-space:nowrap">advanced </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8600.01px;left:7661.43px;white-space:nowrap">overall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8600.01px;left:8241.68px;white-space:nowrap">but </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8600.01px;left:8541.91px;white-space:nowrap">varied </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8600.01px;left:9082.18px;text-rendering:optimizeLegibility;white-space:nowrap">significantly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8850.01px;left:5220px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8850.01px;left:5760.44px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8850.01px;left:6010.66px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8850.01px;left:6500.83px;white-space:nowrap">rating. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8850.01px;left:7047.86px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8850.01px;left:7408.04px;white-space:nowrap">strengthening </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8850.01px;left:8548.86px;white-space:nowrap">economy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8850.01px;left:9329.24px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9100.01px;left:5220px;white-space:nowrap">prospect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9100.01px;left:5960.39px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9100.01px;left:6160.52px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9100.01px;left:6310.63px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9100.01px;left:6830.86px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9100.01px;left:7030.99px;white-space:nowrap">normal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9100.01px;left:7631.19px;white-space:nowrap">conditions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9100.01px;left:8491.73px;white-space:nowrap">tempered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9100.01px;left:9302.17px;white-space:nowrap">concerns </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9350.01px;left:5220px;white-space:nowrap">about </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9350.01px;left:5720.45px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9350.01px;left:6210.62px;letter-spacing:-1.48px;white-space:nowrap">quality, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9350.01px;left:6817.59px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9350.01px;left:7327.79px;text-rendering:optimizeLegibility;white-space:nowrap">benefited </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9350.01px;left:8118.46px;white-space:nowrap">lower-rated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9350.01px;left:9068.82px;white-space:nowrap">bonds. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9350.01px;left:9659.27px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9600.01px;left:5220px;white-space:nowrap">this </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9600.01px;left:5550.12px;white-space:nowrap">environment, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9600.01px;left:6640.66px;white-space:nowrap">high-yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9600.01px;left:7461.12px;white-space:nowrap">corporate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9600.01px;left:8271.56px;white-space:nowrap">bonds, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9600.01px;left:8862.01px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9600.01px;left:9102.13px;white-space:nowrap">represented </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9850.01px;left:5220px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9850.01px;left:5460.12px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9850.01px;left:5760.35px;white-space:nowrap">Bloomberg </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9850.01px;left:6680.83px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9850.01px;left:7080.91px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9850.01px;left:7931.34px;white-space:nowrap">High </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9850.01px;left:8348.29px;letter-spacing:-1.11px;white-space:nowrap">Yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9850.01px;left:8791.88px;white-space:nowrap">Bond </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9850.01px;left:9262.27px;white-space:nowrap">Index, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10100.01px;left:5220px;white-space:nowrap">posted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10100.01px;left:5810.45px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10100.01px;left:5960.57px;white-space:nowrap">+10.14% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10100.01px;left:6726.18px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10100.01px;left:7116.42px;white-space:nowrap">return, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10100.01px;left:7686.65px;white-space:nowrap">outpacing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10100.01px;left:8517.3px;white-space:nowrap">investment-grade </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10350.01px;left:5220px;white-space:nowrap">corporate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10350.01px;left:6030.44px;white-space:nowrap">bonds, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10350.01px;left:6620.89px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10350.01px;left:6861.01px;white-space:nowrap">represented </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10350.01px;left:7871.66px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10350.01px;left:8111.78px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10350.01px;left:8412.01px;white-space:nowrap">Bloomberg </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10350.01px;left:9332.49px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10600.01px;left:5220px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10600.01px;left:6070.43px;white-space:nowrap">Bond </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10600.01px;left:6540.82px;white-space:nowrap">Index, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10600.01px;left:7081.17px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10600.01px;left:7591.38px;white-space:nowrap">nevertheless </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10600.01px;left:8661.97px;white-space:nowrap">posted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10600.01px;left:9252.42px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10600.01px;left:9402.54px;white-space:nowrap">+2.53% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10850.01px;left:5220px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10850.01px;left:5610.23px;white-space:nowrap">return.</div><div style="font-family:Arial, sans-serif;font-size:104.9px;position:absolute;top:10853.62px;left:6130.46px;white-space:nowrap">2</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:0px;white-space:nowrap">1. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:145.94px;white-space:nowrap">Source: </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:634.61px;white-space:nowrap">Credit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:1021.02px;white-space:nowrap">Suisse </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:1451.33px;white-space:nowrap">Group.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:0px;white-space:nowrap">2. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:145.94px;white-space:nowrap">Source: </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:634.61px;letter-spacing:-0.55px;white-space:nowrap">Morningstar. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:1390.86px;letter-spacing:-0.4px;white-space:nowrap">Treasuries, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:2078.83px;white-space:nowrap">if </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:2180.94px;white-space:nowrap">held </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:2465.47px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:2611.41px;letter-spacing:-0.96px;white-space:nowrap">maturity, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:3141.41px;letter-spacing:-0.38px;white-space:nowrap">offer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:3438.2px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:3547.66px;text-rendering:optimizeLegibility;white-space:nowrap">fixed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:3861.33px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:4123.91px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:4269.84px;white-space:nowrap">return </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:4649.06px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:4904.45px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:5013.91px;text-rendering:optimizeLegibility;white-space:nowrap">fixed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:5327.58px;white-space:nowrap">principal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:5852.66px;white-space:nowrap">value; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:6239.3px;white-space:nowrap">their </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:6531.02px;white-space:nowrap">interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:6997.81px;white-space:nowrap">payments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:7603.2px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:7858.59px;white-space:nowrap">principal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:8383.67px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:187.39px;left:8609.77px;white-space:nowrap">guaranteed.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:262.58px;white-space:nowrap">indexes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:751.33px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:977.42px;white-space:nowrap">unmanaged </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:1706.95px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:1962.34px;white-space:nowrap">include </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:2414.61px;white-space:nowrap">reinvestment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:3202.27px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:3348.2px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:3596.25px;white-space:nowrap">income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:4055.7px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:4208.83px;white-space:nowrap">distributions. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:4979.69px;white-space:nowrap">They </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:5307.89px;white-space:nowrap">do </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:5490.31px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:5709.22px;text-rendering:optimizeLegibility;white-space:nowrap">reflect </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:6103.05px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:6351.09px;white-space:nowrap">fees, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:6672.11px;white-space:nowrap">expenses </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:7270.31px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:7423.44px;white-space:nowrap">sales </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:7766.25px;white-space:nowrap">charges. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:8306.02px;white-space:nowrap">One </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:8590.55px;white-space:nowrap">cannot </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:9021.02px;white-space:nowrap">invest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:9400.31px;white-space:nowrap">directly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:396.19px;left:9852.42px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:576.19px;left:0px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:576.19px;left:182.42px;white-space:nowrap">index, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:576.19px;left:569.06px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:576.19px;left:824.45px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:576.19px;left:1006.88px;white-space:nowrap">index </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:576.19px;left:1357.03px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:576.19px;left:1488.28px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:576.19px;left:1707.19px;white-space:nowrap">representative </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:576.19px;left:2575.16px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:576.19px;left:2721.09px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:576.19px;left:2940px;letter-spacing:-0.32px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:576.19px;left:3368.05px;white-space:nowrap">portfolio. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:784.99px;left:0px;white-space:nowrap">See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:784.99px;left:269.92px;letter-spacing:-0.19px;white-space:nowrap">www.franklintempletondatasources.com </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:784.99px;left:2618.2px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:784.99px;left:2807.81px;white-space:nowrap">additional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:784.99px;left:3406.02px;white-space:nowrap">data </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:784.99px;left:3697.89px;white-space:nowrap">provider </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:784.99px;left:4208.36px;white-space:nowrap">information.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:269.77px;white-space:nowrap">dollar </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:663.52px;white-space:nowrap">value, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:1072.03px;white-space:nowrap">number </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:1589.61px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:1749.92px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:2209.45px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:2377.11px;white-space:nowrap">principal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:2960.47px;white-space:nowrap">amount, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:3507.19px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:3776.95px;white-space:nowrap">names </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:4229.14px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:4389.45px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:4571.88px;white-space:nowrap">portfolio </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:5140.31px;white-space:nowrap">holdings </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:5723.52px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:5956.95px;white-space:nowrap">listed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:6336.17px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:6489.3px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:6722.58px;letter-spacing:-0.68px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:7184.38px;white-space:nowrap">Statement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:7855.08px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:8015.39px;white-space:nowrap">Investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1022.59px;left:8817.5px;white-space:nowrap">(SOI).</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1231.39px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1231.39px;left:269.77px;white-space:nowrap">SOI </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1231.39px;left:532.34px;white-space:nowrap">begins </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1231.39px;left:991.72px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1231.39px;left:1188.52px;white-space:nowrap">page </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1233.82px;left:1531.25px;white-space:nowrap">9</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1231.39px;left:1620.23px;white-space:nowrap">.</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1343.93px;white-space:nowrap">Strategy</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:0px;letter-spacing:-1.08px;white-space:nowrap">We </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:316.76px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:836.98px;white-space:nowrap">primarily </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:1567px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:1757.11px;white-space:nowrap">two </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:2087.23px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:2567.46px;white-space:nowrap">classes: </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:3267.69px;white-space:nowrap">high-yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:0px;white-space:nowrap">bonds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:540.44px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:890.77px;white-space:nowrap">utility </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:1350.88px;white-space:nowrap">stocks. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:1961.02px;white-space:nowrap">Within </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:2511.12px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:2811.36px;white-space:nowrap">high-yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:3631.82px;white-space:nowrap">portion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:4232.2px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:300.23px;white-space:nowrap">portfolio, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:1040.63px;white-space:nowrap">we </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:1320.73px;white-space:nowrap">use </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:1660.96px;white-space:nowrap">fundamental </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:2701.67px;white-space:nowrap">research </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:3451.99px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:3652.12px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:4172.34px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:4362.45px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">diversified </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:860.36px;white-space:nowrap">portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:1550.74px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:1750.87px;white-space:nowrap">bonds. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:2341.32px;white-space:nowrap">Within </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:2891.43px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:3191.66px;white-space:nowrap">utility </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:3651.77px;white-space:nowrap">portion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:4252.15px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:4452.28px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344.48px;left:0px;white-space:nowrap">portfolio, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344.48px;left:740.39px;white-space:nowrap">we </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344.48px;left:1020.5px;white-space:nowrap">focus </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344.48px;left:1500.73px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344.48px;left:1750.96px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344.48px;left:2671.44px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344.48px;left:3041.54px;white-space:nowrap">attractive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344.48px;left:3821.84px;white-space:nowrap">dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:0px;white-space:nowrap">yields </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:510.21px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:860.54px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:1230.64px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:1380.76px;white-space:nowrap">history </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:1960.93px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:2161.05px;white-space:nowrap">increasing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:3031.52px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:3431.69px;white-space:nowrap">dividends.</div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:2170.75px;left:0px;letter-spacing:0.5px;white-space:nowrap">Manager&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:2170.75px;left:1291.11px;white-space:nowrap">Discussion</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2546.08px;left:0px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2546.08px;left:200.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2546.08px;left:500.36px;white-space:nowrap">early </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2546.08px;left:940.52px;white-space:nowrap">part </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2546.08px;left:1300.69px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2546.08px;left:1500.82px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2546.08px;left:1801.05px;white-space:nowrap">period </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2546.08px;left:2351.43px;white-space:nowrap">leading </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2546.08px;left:2981.95px;white-space:nowrap">up </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2546.08px;left:3232.18px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2546.08px;left:3432.3px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2546.08px;left:3732.54px;white-space:nowrap">2020 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2546.08px;left:4182.98px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2796.08px;left:0px;white-space:nowrap">presidential </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2796.08px;left:970.58px;white-space:nowrap">election, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2796.08px;left:1691.02px;white-space:nowrap">continued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2796.08px;left:2521.67px;white-space:nowrap">low </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2796.08px;left:2841.77px;white-space:nowrap">yields </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2796.08px;left:3351.97px;white-space:nowrap">across </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2796.08px;left:3932.14px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3046.08px;left:0px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3046.08px;left:396.83px;letter-spacing:-0.74px;white-space:nowrap">Treasury </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3046.08px;left:1150.31px;white-space:nowrap">(UST) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3046.08px;left:1680.21px;white-space:nowrap">curve, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3046.08px;left:2220.38px;white-space:nowrap">along </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3046.08px;left:2710.81px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3046.08px;left:3080.92px;white-space:nowrap">low </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3046.08px;left:3401.02px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3046.08px;left:3611.07px;white-space:nowrap">negative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3296.08px;left:0px;white-space:nowrap">government </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3296.08px;left:1000.55px;white-space:nowrap">bond </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3296.08px;left:1450.99px;white-space:nowrap">yields </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3296.08px;left:1961.19px;letter-spacing:-1.34px;white-space:nowrap">globally, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3296.08px;left:2658.25px;white-space:nowrap">supported </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3296.08px;left:3508.86px;white-space:nowrap">demand </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3296.08px;left:4209.35px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3296.08px;left:4469.41px;white-space:nowrap">both </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3546.08px;left:0px;white-space:nowrap">high-yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3546.08px;left:820.46px;white-space:nowrap">(HY) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3546.08px;left:1240.4px;white-space:nowrap">corporate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3546.08px;left:2050.84px;white-space:nowrap">bonds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3546.08px;left:2591.28px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3546.08px;left:2941.61px;white-space:nowrap">dividend-paying </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3546.08px;left:4252.5px;white-space:nowrap">stocks. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3796.08px;left:0px;white-space:nowrap">Although </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3796.08px;left:760.61px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3796.08px;left:1060.84px;letter-spacing:-0.54px;white-space:nowrap">Fed&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3796.08px;left:1547.75px;white-space:nowrap">support </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3796.08px;left:2198.14px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3796.08px;left:2458.21px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3796.08px;left:2758.45px;letter-spacing:-1.08px;white-space:nowrap">HY </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3796.08px;left:3055.25px;white-space:nowrap">market, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3796.08px;left:3705.38px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3796.08px;left:3895.49px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3796.08px;left:4195.72px;white-space:nowrap">form </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3796.08px;left:4605.73px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4046.08px;left:0px;white-space:nowrap">direct </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4046.08px;left:490.17px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4046.08px;left:840.5px;white-space:nowrap">indirect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4046.08px;left:1470.76px;white-space:nowrap">purchases </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4046.08px;left:2351.25px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4046.08px;left:2551.38px;letter-spacing:-1.08px;white-space:nowrap">HY </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4046.08px;left:2848.18px;white-space:nowrap">corporate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4046.08px;left:3658.62px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4046.08px;left:4468.89px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4296.08px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4296.08px;left:300.23px;letter-spacing:-0.54px;white-space:nowrap">Fed&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4296.08px;left:787.15px;white-space:nowrap">Secondary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4296.08px;left:1697.7px;white-space:nowrap">Market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4296.08px;left:2297.81px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4296.08px;left:3148.24px;white-space:nowrap">Credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4296.08px;left:3678.4px;letter-spacing:-1.34px;white-space:nowrap">Facility, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4296.08px;left:4325.1px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:0px;white-space:nowrap">modest, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:690.29px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:990.53px;white-space:nowrap">perceived </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:1821.01px;white-space:nowrap">support </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:2471.4px;white-space:nowrap">had </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:2821.73px;white-space:nowrap">buoyed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:3462.28px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:3762.51px;letter-spacing:-1.08px;white-space:nowrap">HY </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:4059.32px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:190.11px;white-space:nowrap">general, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:890.6px;white-space:nowrap">leading </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:1521.12px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:1721.25px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:1871.37px;white-space:nowrap">persistent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:2701.76px;white-space:nowrap">tailwind </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:3352.06px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:3612.13px;letter-spacing:-1.08px;white-space:nowrap">HY </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:3908.94px;white-space:nowrap">corporate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:0px;white-space:nowrap">bonds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:540.44px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:800.51px;white-space:nowrap">much </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:1290.67px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:1490.8px;white-space:nowrap">2020. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:1981.32px;white-space:nowrap">As </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:2241.39px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:2951.81px;white-space:nowrap">markets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:3641.92px;white-space:nowrap">settled </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:4222.27px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5296.08px;left:0px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5296.08px;left:500.45px;white-space:nowrap">amid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5296.08px;left:940.61px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5296.08px;left:1090.72px;white-space:nowrap">stronger-than-expected </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5296.08px;left:3001.82px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5296.08px;left:3401.89px;white-space:nowrap">economic </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:0px;white-space:nowrap">recovery </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:740.21px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:1090.55px;white-space:nowrap">surging </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:1730.92px;white-space:nowrap">longer-term </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:2701.23px;letter-spacing:-0.81px;white-space:nowrap">UST </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:3107.99px;white-space:nowrap">yields, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:3668.2px;white-space:nowrap">concerns </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:0px;white-space:nowrap">about </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:500.45px;white-space:nowrap">potential </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:1231px;text-rendering:optimizeLegibility;white-space:nowrap">inflationary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:2151.47px;white-space:nowrap">pressures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:2991.8px;white-space:nowrap">resurfaced. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:3942.25px;white-space:nowrap">Investors </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6046.08px;left:0px;white-space:nowrap">consequently </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6046.08px;left:1110.76px;white-space:nowrap">began </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6046.08px;left:1661.31px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6046.08px;left:1861.44px;white-space:nowrap">assess </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6046.08px;left:2471.66px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6046.08px;left:2931.77px;white-space:nowrap">closely </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6046.08px;left:3531.97px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6046.08px;left:3832.21px;white-space:nowrap">implications </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6296.08px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6296.08px;left:200.13px;white-space:nowrap">unprecedented </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6296.08px;left:1451.16px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6296.08px;left:1911.27px;white-space:nowrap">stimulus, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6296.08px;left:2671.44px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6296.08px;left:2921.66px;white-space:nowrap">accommodative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:0px;white-space:nowrap">Fed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:360.18px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:710.51px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:960.73px;white-space:nowrap">economy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:1741.11px;white-space:nowrap">poised </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:2321.54px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:2521.67px;white-space:nowrap">rebound </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:3232.27px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:3472.38px;white-space:nowrap">vaccination </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6796.08px;left:0px;white-space:nowrap">campaigns </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6796.08px;left:920.48px;white-space:nowrap">paved </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6796.08px;left:1460.92px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6796.08px;left:1761.15px;white-space:nowrap">way </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6796.08px;left:2131.26px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6796.08px;left:2391.33px;white-space:nowrap">reopening </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6796.08px;left:3242.02px;white-space:nowrap">businesses. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6796.08px;left:4242.57px;white-space:nowrap">While </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7046.08px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">reflation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7046.08px;left:690.38px;white-space:nowrap">(return </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7046.08px;left:1270.55px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7046.08px;left:1470.67px;white-space:nowrap">growth) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7046.08px;left:2120.89px;white-space:nowrap">was </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7046.08px;left:2491px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7046.08px;left:2791.23px;white-space:nowrap">key </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7046.08px;left:3121.35px;white-space:nowrap">driver </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7046.08px;left:3621.45px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7046.08px;left:3881.51px;white-space:nowrap">markets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7296.08px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7296.08px;left:190.11px;letter-spacing:-0.46px;white-space:nowrap">2021&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7296.08px;left:767.29px;text-rendering:optimizeLegibility;white-space:nowrap">first </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7296.08px;left:1107.25px;letter-spacing:-1.1px;white-space:nowrap">quarter, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7296.08px;left:1767.66px;text-rendering:optimizeLegibility;white-space:nowrap">inflation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7296.08px;left:2438.09px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7296.08px;left:2788.42px;white-space:nowrap">commensurate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7296.08px;left:4028.91px;white-space:nowrap">risks </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7296.08px;left:4448.85px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7546.08px;left:0px;white-space:nowrap">higher </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7546.08px;left:550.37px;white-space:nowrap">commodity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7546.08px;left:1470.59px;white-space:nowrap">prices </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7546.08px;left:2000.74px;white-space:nowrap">took </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7546.08px;left:2390.98px;white-space:nowrap">center </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7546.08px;left:2941.26px;white-space:nowrap">stage. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7546.08px;left:3478.36px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7546.08px;left:3838.54px;white-space:nowrap">Fed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7546.08px;left:4198.71px;white-space:nowrap">initially </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7796.08px;left:0px;white-space:nowrap">had </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7796.08px;left:350.33px;white-space:nowrap">assured </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7796.08px;left:1040.71px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7796.08px;left:1340.95px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7796.08px;left:1941.06px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7796.08px;left:2291.31px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7796.08px;left:2591.54px;white-space:nowrap">recent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7796.08px;left:3141.83px;white-space:nowrap">rise </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7796.08px;left:3481.88px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7796.08px;left:3671.98px;text-rendering:optimizeLegibility;white-space:nowrap">inflation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8046.08px;left:0px;white-space:nowrap">measures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8046.08px;left:840.32px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8046.08px;left:1140.29px;white-space:nowrap">prove </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8046.08px;left:1640.57px;letter-spacing:-1.21px;white-space:nowrap">temporary, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8046.08px;left:2537.49px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8046.08px;left:2887.82px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8046.08px;left:3487.94px;white-space:nowrap">consensus </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8046.08px;left:4398.49px;white-space:nowrap">had </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8296.08px;left:0px;white-space:nowrap">largely </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8296.08px;left:580.25px;white-space:nowrap">accepted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8296.08px;left:1360.81px;white-space:nowrap">this </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8296.08px;left:1690.93px;white-space:nowrap">optimistic </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8296.08px;left:2491.08px;letter-spacing:-1.66px;white-space:nowrap">view. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8296.08px;left:2941.26px;white-space:nowrap">More </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8296.08px;left:3401.37px;white-space:nowrap">recently </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8296.08px;left:4081.64px;white-space:nowrap">though, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8546.08px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8546.08px;left:300.23px;white-space:nowrap">Fed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8546.08px;left:660.41px;white-space:nowrap">acknowledged </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8546.08px;left:1861.26px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8546.08px;left:2211.5px;text-rendering:optimizeLegibility;white-space:nowrap">inflation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8546.08px;left:2881.93px;white-space:nowrap">risks </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8546.08px;left:3301.88px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8546.08px;left:3612.04px;white-space:nowrap">skewed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8546.08px;left:4272.36px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8796.08px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8796.08px;left:300.23px;white-space:nowrap">upside. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8796.08px;left:920.74px;white-space:nowrap">As </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8796.08px;left:1180.81px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8796.08px;left:1330.93px;white-space:nowrap">result, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8796.08px;left:1871.1px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8796.08px;left:2471.22px;white-space:nowrap">participants </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8796.08px;left:3441.71px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8796.08px;left:3882.04px;white-space:nowrap">debated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9046.08px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9046.08px;left:300.23px;white-space:nowrap">growth </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9046.08px;left:890.51px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9046.08px;left:1240.84px;text-rendering:optimizeLegibility;white-space:nowrap">inflation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9046.08px;left:1911.27px;white-space:nowrap">outlook </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9046.08px;left:2541.71px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9046.08px;left:2911.82px;white-space:nowrap">equity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9046.08px;left:3442.15px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9046.08px;left:4042.27px;white-space:nowrap">returns </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9296.08px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">reflecting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9296.08px;left:780.38px;white-space:nowrap">potential </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9296.08px;left:1510.93px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9296.08px;left:1771px;white-space:nowrap">positive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9296.08px;left:2431.32px;white-space:nowrap">growth, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9296.08px;left:3071.6px;white-space:nowrap">while </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9296.08px;left:3528.54px;letter-spacing:-0.74px;white-space:nowrap">Treasury </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9546.08px;left:0px;white-space:nowrap">markets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9546.08px;left:690.12px;white-space:nowrap">turned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9546.08px;left:1250.51px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9546.08px;left:1710.62px;white-space:nowrap">cautious </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9546.08px;left:2431.05px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9546.08px;left:2681.28px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9546.08px;left:2981.51px;white-space:nowrap">growth </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9546.08px;left:3571.79px;white-space:nowrap">outlook </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9546.08px;left:4202.23px;white-space:nowrap">toward </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9796.08px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9796.08px;left:300.23px;white-space:nowrap">end </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9796.08px;left:650.57px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9796.08px;left:850.69px;letter-spacing:-0.46px;white-space:nowrap">2021&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9796.08px;left:1427.87px;white-space:nowrap">second </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9796.08px;left:2058.31px;letter-spacing:-1.1px;white-space:nowrap">quarter, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9796.08px;left:2718.72px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9796.08px;left:2958.84px;text-rendering:optimizeLegibility;white-space:nowrap">reflected </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9796.08px;left:3699.23px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9796.08px;left:3889.34px;white-space:nowrap">lower </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10046.08px;left:0px;white-space:nowrap">10-year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10046.08px;left:660.32px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10046.08px;left:1057.15px;letter-spacing:-0.74px;white-space:nowrap">Treasury </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10046.08px;left:1810.63px;white-space:nowrap">yields. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10046.08px;left:2360.92px;white-space:nowrap">Amid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10046.08px;left:2821.03px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10046.08px;left:3121.26px;white-space:nowrap">COVID-19 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10046.08px;left:4001.48px;white-space:nowrap">Delta </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10296.08px;left:0px;white-space:nowrap">variant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10296.08px;left:590.27px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10296.08px;left:940.61px;white-space:nowrap">ever-changing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10296.08px;left:2131.35px;white-space:nowrap">views </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10296.08px;left:2631.45px;white-space:nowrap">around </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10296.08px;left:3241.93px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10296.08px;left:3542.17px;white-space:nowrap">trajectory </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10296.08px;left:4332.39px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10296.08px;left:4532.52px;white-space:nowrap">Fed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10546.08px;left:0px;white-space:nowrap">tapering, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10546.08px;left:750.5px;letter-spacing:-0.81px;white-space:nowrap">UST </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10546.08px;left:1157.26px;white-space:nowrap">yields </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10546.08px;left:1667.46px;white-space:nowrap">moved </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10546.08px;left:2257.73px;white-space:nowrap">higher </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10546.08px;left:2808.11px;white-space:nowrap">across </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10546.08px;left:3388.27px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10546.08px;left:3688.51px;white-space:nowrap">curve </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10546.08px;left:4178.67px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10546.08px;left:4378.8px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10796.08px;left:0px;white-space:nowrap">end </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10796.08px;left:350.33px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10796.08px;left:550.46px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10796.08px;left:850.69px;white-space:nowrap">performance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10796.08px;left:1911.18px;white-space:nowrap">period </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10796.08px;left:2461.55px;white-space:nowrap">under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10796.08px;left:2971.93px;letter-spacing:-1.24px;white-space:nowrap">review. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2724.66px;left:5220px;white-space:nowrap">*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2706.77px;left:5299.69px;white-space:nowrap">Percentage </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2706.77px;left:6007.27px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2706.77px;left:6153.2px;white-space:nowrap">total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2706.77px;left:6437.73px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2706.77px;left:7174.38px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2706.77px;left:7320.31px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2706.77px;left:7539.22px;white-space:nowrap">Fund. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2706.77px;left:7908.98px;letter-spacing:-2.42px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2706.77px;left:8222.66px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2706.77px;left:8959.3px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2706.77px;left:9105.23px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2706.77px;left:9324.14px;white-space:nowrap">fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2706.77px;left:9616.02px;white-space:nowrap">include </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2898.77px;left:5220px;white-space:nowrap">long-term </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2898.77px;left:5810.63px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2898.77px;left:6066.02px;white-space:nowrap">short </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2898.77px;left:6394.22px;white-space:nowrap">-term </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2898.77px;left:6736.8px;white-space:nowrap">investments, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2898.77px;left:7509.92px;white-space:nowrap">excluding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2898.77px;left:8100.78px;white-space:nowrap">long-term </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2898.77px;left:8691.41px;white-space:nowrap">debt </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2898.77px;left:8983.28px;white-space:nowrap">issued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2898.77px;left:9399.06px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2898.77px;left:9574.14px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3090.77px;left:5220px;white-space:nowrap">Fund.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3300.66px;left:5220px;white-space:nowrap">**</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3282.77px;left:5379.38px;white-space:nowrap">Includes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3282.77px;left:5904.61px;white-space:nowrap">convertible </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3282.77px;left:6575.63px;white-space:nowrap">bonds, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3282.77px;left:7006.09px;white-space:nowrap">escrows </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3282.77px;left:7523.75px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3282.77px;left:7779.14px;white-space:nowrap">litigation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3282.77px;left:8297.03px;white-space:nowrap">trusts, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3282.77px;left:8690.86px;white-space:nowrap">preferred </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3282.77px;left:9259.69px;white-space:nowrap">stocks, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3282.77px;left:9704.61px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3474.77px;left:5220px;white-space:nowrap">warrants.</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7783.02px;left:5220px;letter-spacing:-0.67px;white-space:nowrap">High-Yield </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7783.02px;left:6257.01px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7783.02px;left:7268.24px;white-space:nowrap">Bonds</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8049.95px;left:5220px;white-space:nowrap">For </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8049.95px;left:5540.01px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8049.95px;left:5840.24px;white-space:nowrap">12-month </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8049.95px;left:6650.68px;white-space:nowrap">period </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8049.95px;left:7201.05px;white-space:nowrap">under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8049.95px;left:7711.44px;letter-spacing:-1.24px;white-space:nowrap">review, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8049.95px;left:8321.66px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8049.95px;left:8621.89px;white-space:nowrap">CS </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8049.95px;left:8921.95px;white-space:nowrap">High </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8299.95px;left:5220px;letter-spacing:-1.11px;white-space:nowrap">Yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8299.95px;left:5663.58px;white-space:nowrap">Index </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8299.95px;left:6153.93px;white-space:nowrap">posted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8299.95px;left:6744.38px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8299.95px;left:6894.49px;white-space:nowrap">+10.25% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8299.95px;left:7660.11px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8299.95px;left:8050.34px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8299.95px;left:8570.57px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8299.95px;left:8810.68px;white-space:nowrap">lower-rated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8549.95px;left:5220px;letter-spacing:-1.08px;white-space:nowrap">HY </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8549.95px;left:5516.81px;white-space:nowrap">bonds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8549.95px;left:6057.25px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8549.95px;left:6837.71px;white-space:nowrap">outperformed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8549.95px;left:7958.32px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8549.95px;left:8358.49px;white-space:nowrap">higher-rated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8799.95px;left:5220px;white-space:nowrap">counterparts.</div><div style="font-family:Arial, sans-serif;font-size:104.9px;position:absolute;top:8803.56px;left:6270.56px;white-space:nowrap">1</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8799.95px;left:6378.93px;white-space:nowrap">From </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8799.95px;left:6848.88px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8799.95px;left:6999px;white-space:nowrap">sector/industry </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8799.95px;left:8219.45px;white-space:nowrap">standpoint, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8799.95px;left:9150.12px;white-space:nowrap">issuers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8799.95px;left:9770.28px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9049.95px;left:5220px;letter-spacing:-1.67px;white-space:nowrap">energy, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9049.95px;left:5857.03px;white-space:nowrap">aerospace </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9049.95px;left:6747.63px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9049.95px;left:7097.96px;white-space:nowrap">retail </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9049.95px;left:7538.12px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9049.95px;left:7978.27px;white-space:nowrap">notable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9049.95px;left:8618.82px;white-space:nowrap">outperformers. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9479.95px;left:5220px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9479.95px;left:5580.18px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9479.95px;left:5980.25px;letter-spacing:-1.08px;white-space:nowrap">HY </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9479.95px;left:6277.06px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9479.95px;left:6877.18px;text-rendering:optimizeLegibility;white-space:nowrap">benefited </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9479.95px;left:7667.84px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9479.95px;left:8077.85px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9479.95px;left:8227.97px;white-space:nowrap">favorable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9479.95px;left:9018.46px;white-space:nowrap">environment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9729.95px;left:5220px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9729.95px;left:5480.07px;white-space:nowrap">leveraged </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9729.95px;left:6320.65px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9729.95px;left:6810.82px;white-space:nowrap">heading </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9729.95px;left:7501.46px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9729.95px;left:7841.69px;white-space:nowrap">2021. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9729.95px;left:8332.21px;white-space:nowrap">Against </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9729.95px;left:8982.6px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9729.95px;left:9282.83px;white-space:nowrap">backdrop </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9979.95px;left:5220px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9979.95px;left:5420.13px;white-space:nowrap">further </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9979.95px;left:5990.36px;white-space:nowrap">reopening </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9979.95px;left:6841.05px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9979.95px;left:7041.18px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9979.95px;left:7341.42px;letter-spacing:-1.48px;white-space:nowrap">economy, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9979.95px;left:8158.45px;white-space:nowrap">supportive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9979.95px;left:9038.94px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9979.95px;left:9499.04px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10229.95px;left:5220px;white-space:nowrap">monetary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10229.95px;left:6020.33px;white-space:nowrap">policies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10229.95px;left:6670.63px;white-space:nowrap">combined </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10229.95px;left:7501.11px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10229.95px;left:7871.22px;white-space:nowrap">wide-open </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10229.95px;left:8751.8px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10229.95px;left:9322.12px;white-space:nowrap">markets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10479.95px;left:5220px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10479.95px;left:5660.33px;white-space:nowrap">led </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10479.95px;left:5950.55px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10479.95px;left:6150.67px;white-space:nowrap">strong </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10479.95px;left:6700.96px;white-space:nowrap">overall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10479.95px;left:7281.21px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10479.95px;left:7771.38px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10479.95px;left:8371.49px;white-space:nowrap">performance. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10479.95px;left:9481.99px;white-space:nowrap">Issuers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10729.95px;left:5220px;white-space:nowrap">experienced </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10729.95px;left:6250.69px;white-space:nowrap">improved </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10729.95px;left:7041.01px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10729.95px;left:7531.17px;text-rendering:optimizeLegibility;white-space:nowrap">profiles, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10729.95px;left:8211.45px;white-space:nowrap">leading </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10729.95px;left:8841.97px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10729.95px;left:9042.1px;white-space:nowrap">ratings </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10979.95px;left:5220px;white-space:nowrap">agency </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10979.95px;left:5850.44px;white-space:nowrap">upgrades </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10979.95px;left:6651.04px;white-space:nowrap">outpacing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10979.95px;left:7481.69px;white-space:nowrap">downgrades. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10979.95px;left:8562.39px;letter-spacing:-0.95px;white-space:nowrap">Consequently, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11229.95px;left:5220px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11229.95px;left:5820.12px;white-space:nowrap">consensus </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11229.95px;left:6730.66px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11229.95px;left:6910.66px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11229.95px;left:7170.73px;white-space:nowrap">diminishing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11229.95px;left:8121.18px;white-space:nowrap">default </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11229.95px;left:8711.63px;white-space:nowrap">risk </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11229.95px;left:9041.57px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11229.95px;left:9301.64px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11479.95px;left:5220px;white-space:nowrap">balance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11479.95px;left:5900.54px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11479.95px;left:6100.66px;white-space:nowrap">2021 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11479.95px;left:6551.1px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11479.95px;left:6901.44px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11479.95px;left:7241.66px;white-space:nowrap">2022. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11479.95px;left:7742.11px;white-space:nowrap">While </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11479.95px;left:8242.21px;text-rendering:optimizeLegibility;white-space:nowrap">inflation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11479.95px;left:8912.64px;white-space:nowrap">pressure </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11479.95px;left:9662.96px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11729.95px;left:5220px;white-space:nowrap">become </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11729.95px;left:5910.38px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11729.95px;left:6060.5px;white-space:nowrap">topic </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11729.95px;left:6490.72px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11729.95px;left:6690.85px;white-space:nowrap">concern </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11729.95px;left:7381.23px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11729.95px;left:7571.34px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11729.95px;left:7871.57px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11729.95px;left:8271.65px;letter-spacing:-1.08px;white-space:nowrap">HY </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11729.95px;left:8568.46px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11729.95px;left:9168.57px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11729.95px;left:9408.69px;white-space:nowrap">well </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11979.95px;left:5220px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11979.95px;left:5460.12px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11979.95px;left:5760.35px;white-space:nowrap">broader </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11979.95px;left:6430.78px;white-space:nowrap">markets, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11979.95px;left:7170.91px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11979.95px;left:7471.14px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11979.95px;left:7701.24px;letter-spacing:-1.08px;white-space:nowrap">HY </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11979.95px;left:7998.05px;white-space:nowrap">issuers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11979.95px;left:8618.2px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11979.95px;left:8928.37px;white-space:nowrap">expected </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12229.95px;left:5220px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12229.95px;left:5420.13px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12229.95px;left:5670.35px;white-space:nowrap">impacted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12229.95px;left:6450.73px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12229.95px;left:6650.86px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12229.95px;left:6951.09px;white-space:nowrap">same </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12229.95px;left:7441.26px;white-space:nowrap">degree. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12229.95px;left:8101.76px;white-space:nowrap">Industries </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12229.95px;left:8932.15px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12229.95px;left:9302.26px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12479.95px;left:5220px;white-space:nowrap">elevated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12479.95px;left:5950.55px;white-space:nowrap">risk </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12479.95px;left:6280.49px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12479.95px;left:6480.62px;white-space:nowrap">repricing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12479.95px;left:7220.92px;white-space:nowrap">due </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12479.95px;left:7571.25px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12479.95px;left:7771.38px;white-space:nowrap">input </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12479.95px;left:8211.71px;white-space:nowrap">cost </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12479.95px;left:8591.84px;text-rendering:optimizeLegibility;white-space:nowrap">inflation, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12479.95px;left:9312.28px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12729.95px;left:5220px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12729.95px;left:5460.12px;white-space:nowrap">automobiles </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12729.95px;left:6480.7px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12729.95px;left:6831.04px;white-space:nowrap">food </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12729.95px;left:7231.38px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12729.95px;left:7581.71px;white-space:nowrap">beverage, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12729.95px;left:8432.31px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12729.95px;left:8742.48px;white-space:nowrap">expected </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12729.95px;left:9523.04px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:12729.95px;left:9723.16px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:17.46px;left:5220px;white-space:nowrap">Portfolio </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:17.46px;left:6053.75px;white-space:nowrap">Composition</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:215.34px;left:5220px;white-space:nowrap">8/31/21</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:503.83px;left:9147.5px;white-space:nowrap">% </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:503.83px;left:9334.22px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:503.83px;left:9529.69px;letter-spacing:-2.37px;white-space:nowrap">Total</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:695.83px;left:8904.06px;white-space:nowrap">Investments*</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1037.77px;left:5220px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1037.77px;left:5975.94px;white-space:nowrap">Bonds</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1037.77px;left:9446.33px;white-space:nowrap">61.1%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1298.25px;left:5220px;white-space:nowrap">Common </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1298.25px;left:5913.52px;white-space:nowrap">Stocks</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1298.25px;left:9446.33px;white-space:nowrap">33.3%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1558.73px;left:5220px;white-space:nowrap">Asset-Backed </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1558.73px;left:6251.56px;white-space:nowrap">Securities</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1558.73px;left:9535.31px;white-space:nowrap">1.8%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1819.22px;left:5220px;white-space:nowrap">Marketplace </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1819.22px;left:6135.94px;white-space:nowrap">Loans</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1819.22px;left:9535.31px;white-space:nowrap">1.2%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2079.7px;left:5220px;white-space:nowrap">Other**</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2079.7px;left:9535.31px;white-space:nowrap">0.3%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2340.19px;left:5220px;letter-spacing:-1.61px;white-space:nowrap">Short-Term </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2340.19px;left:6055.7px;white-space:nowrap">Investments</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2340.19px;left:9535.31px;white-space:nowrap">2.3%</div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:3902.11px;left:5220px;letter-spacing:-3.53px;white-space:nowrap">Top </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:3902.11px;left:5606.87px;white-space:nowrap">10 </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:3902.11px;left:5870.99px;white-space:nowrap">Holdings</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4100px;left:5220px;white-space:nowrap">8/31/21</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4580.48px;left:5220px;white-space:nowrap">Issuer</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4388.48px;left:9363.5px;white-space:nowrap">% </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4388.48px;left:9550.22px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4388.48px;left:9745.69px;letter-spacing:-2.37px;white-space:nowrap">Total</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4580.48px;left:9294.91px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4580.48px;left:9591.23px;white-space:nowrap">Assets</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:4825.58px;left:5220px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:4825.58px;left:10104.88px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4903.53px;left:5220px;white-space:nowrap">NextEra </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4903.53px;left:5842.42px;letter-spacing:-1.48px;white-space:nowrap">Energy, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4903.53px;left:6426.41px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4903.53px;left:9751.31px;white-space:nowrap">4.5%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5175.01px;left:5220px;white-space:nowrap">Sempra </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5175.01px;left:5824.69px;white-space:nowrap">Energy</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5175.01px;left:9751.31px;white-space:nowrap">2.7%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5446.5px;left:5220px;white-space:nowrap">American </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5446.5px;left:5940.23px;white-space:nowrap">Electric </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5446.5px;left:6509.22px;white-space:nowrap">Power </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5446.5px;left:7007.19px;white-space:nowrap">Co., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5446.5px;left:7345.08px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5446.5px;left:9751.31px;white-space:nowrap">2.6%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5717.98px;left:5220px;white-space:nowrap">CMS </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5717.98px;left:5620px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5717.98px;left:6171.41px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5717.98px;left:9751.31px;white-space:nowrap">2.6%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5989.46px;left:5220px;letter-spacing:-1.98px;white-space:nowrap">Evergy</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5989.46px;left:5706.09px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5989.46px;left:5795px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5989.46px;left:9751.31px;white-space:nowrap">2.4%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6260.95px;left:5220px;white-space:nowrap">Dominion </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6260.95px;left:5940.31px;letter-spacing:-1.48px;white-space:nowrap">Energy, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6260.95px;left:6524.3px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6260.95px;left:9751.31px;white-space:nowrap">2.3%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6532.43px;left:5220px;white-space:nowrap">Alliant </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6532.43px;left:5700.23px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6532.43px;left:6251.64px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6532.43px;left:9751.31px;white-space:nowrap">2.2%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6803.92px;left:5220px;white-space:nowrap">Duke </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6803.92px;left:5637.97px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6803.92px;left:6189.38px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6803.92px;left:9751.31px;white-space:nowrap">2.1%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7075.4px;left:5220px;white-space:nowrap">Xcel </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7075.4px;left:5575.7px;letter-spacing:-1.48px;white-space:nowrap">Energy, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7075.4px;left:6159.69px;white-space:nowrap">Inc</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7075.4px;left:9751.31px;white-space:nowrap">1.8%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7346.89px;left:5220px;white-space:nowrap">Southern </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7346.89px;left:5913.83px;white-space:nowrap">Co. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7346.89px;left:6207.27px;white-space:nowrap">(The)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7346.89px;left:9751.31px;white-space:nowrap">1.8%</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:190.11px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:490.34px;white-space:nowrap">minority </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1170.44px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1360.55px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1660.78px;white-space:nowrap">universe </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2391.15px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2591.28px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2991.36px;letter-spacing:-1.08px;white-space:nowrap">HY </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3288.16px;white-space:nowrap">issuers. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3958.33px;white-space:nowrap">On </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4248.46px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;letter-spacing:-1.34px;white-space:nowrap">contrary, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:736.88px;white-space:nowrap">there </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1197.16px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1507.32px;white-space:nowrap">sectors/industries </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2957.87px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3388.1px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3628.21px;white-space:nowrap">energy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4228.59px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:0px;white-space:nowrap">metals </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:580.17px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:930.5px;white-space:nowrap">mining </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1510.75px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1861px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2171.16px;white-space:nowrap">expected </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2951.72px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3151.85px;text-rendering:optimizeLegibility;white-space:nowrap">benefit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3742.29px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4152.3px;white-space:nowrap">higher </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:0px;white-space:nowrap">commodity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:920.21px;white-space:nowrap">prices </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1450.37px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1690.49px;text-rendering:optimizeLegibility;white-space:nowrap">inflation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2360.92px;white-space:nowrap">pressure </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3111.24px;white-space:nowrap">further </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3681.47px;white-space:nowrap">increases. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Inflows </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:610.22px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:1020.23px;white-space:nowrap">institutional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:1970.77px;white-space:nowrap">investors </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:2741.04px;white-space:nowrap">continue </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:3471.59px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:3671.72px;letter-spacing:-0.46px;white-space:nowrap">offset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:4158.72px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:0px;white-space:nowrap">year-to-date </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:1020.5px;text-rendering:optimizeLegibility;white-space:nowrap">outflow </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:1640.83px;white-space:nowrap">(through </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:2351.34px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:2961.74px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:3261.97px;white-space:nowrap">2021) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:3772.35px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:4182.36px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:4582.44px;letter-spacing:-1.08px;white-space:nowrap">HY </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:0px;white-space:nowrap">retail </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:440.16px;white-space:nowrap">funds, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:980.51px;white-space:nowrap">driving </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:1560.76px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:1861px;white-space:nowrap">strong </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:2411.28px;white-space:nowrap">technical </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:3171.71px;white-space:nowrap">environment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:4212.25px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:4562.49px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:0px;white-space:nowrap">continued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:830.65px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:1030.78px;white-space:nowrap">dominate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:1821.27px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:2121.5px;white-space:nowrap">market, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:2771.63px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:2961.74px;white-space:nowrap">spite </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:3391.96px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:3592.09px;white-space:nowrap">issuance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:4352.52px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:0px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:340.22px;white-space:nowrap">continued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:1170.88px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:1371.01px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:1521.12px;white-space:nowrap">record-setting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:2671.61px;white-space:nowrap">pace </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:3111.94px;white-space:nowrap">year-to-date. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:4172.52px;white-space:nowrap">Amid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:0px;white-space:nowrap">elevated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:730.55px;white-space:nowrap">sensitivity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:1560.76px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:1760.89px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:2061.12px;white-space:nowrap">likely </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:2511.21px;white-space:nowrap">timing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:3041.37px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:3241.49px;white-space:nowrap">Fed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:3601.67px;white-space:nowrap">tapering </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:4302.16px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:0px;white-space:nowrap">historically </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:890.24px;white-space:nowrap">low </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:1210.34px;white-space:nowrap">dispersion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:2080.81px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:2280.94px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:2771.1px;white-space:nowrap">spreads </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:3461.48px;white-space:nowrap">across </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:4041.65px;white-space:nowrap">industries </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:350.33px;white-space:nowrap">ratings </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:940.61px;white-space:nowrap">categories, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:1871.1px;white-space:nowrap">our </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:2181.27px;white-space:nowrap">focus </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:2661.5px;white-space:nowrap">remains </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:3351.71px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:3601.93px;white-space:nowrap">prudent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:0px;white-space:nowrap">security </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:670.17px;white-space:nowrap">selection </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:1430.6px;white-space:nowrap">across </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:2010.76px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:2311px;white-space:nowrap">quality </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:2881.32px;white-space:nowrap">spectrum </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:3671.54px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:4041.65px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:4191.77px;white-space:nowrap">general </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:0px;white-space:nowrap">aversion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:730.37px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:930.5px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:1740.76px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:2110.87px;white-space:nowrap">longer-term </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:3081.18px;white-space:nowrap">secular </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:3711.45px;white-space:nowrap">challenges.</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3641.71px;left:0px;white-space:nowrap">Utility </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3641.71px;left:611.13px;white-space:nowrap">Stocks</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:0px;white-space:nowrap">Regarding </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:880.58px;white-space:nowrap">utilities, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:1530.79px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:1831.03px;letter-spacing:0.38px;white-space:nowrap">sector&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:2504.62px;white-space:nowrap">+19.66% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:3270.23px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:3660.47px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:0px;white-space:nowrap">underperformed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:1330.75px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:1630.99px;letter-spacing:-0.81px;white-space:nowrap">S&amp;P </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:2037.92px;letter-spacing:-0.54px;white-space:nowrap">500&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:2514.99px;white-space:nowrap">+31.17% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:3280.61px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:3670.84px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:4191.06px;white-space:nowrap">but </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:0px;white-space:nowrap">outperformed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:1120.61px;letter-spacing:-1.08px;white-space:nowrap">HY </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:1417.41px;white-space:nowrap">corporate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:2227.85px;white-space:nowrap">bonds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:2768.29px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:3028.36px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:3328.59px;white-space:nowrap">12-month </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:4139.03px;white-space:nowrap">period.</div><div style="font-family:Arial, sans-serif;font-size:104.9px;position:absolute;top:4412.25px;left:4689.4px;white-space:nowrap">2</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:0px;white-space:nowrap">Utilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:630.09px;white-space:nowrap">continue </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:1360.63px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:1560.76px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:1810.99px;white-space:nowrap">impacted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:2591.37px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:2831.48px;white-space:nowrap">unfavorable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:3822.19px;white-space:nowrap">sector </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:0px;white-space:nowrap">rotation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:650.39px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:1000.72px;white-space:nowrap">catastrophic </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:2021.22px;white-space:nowrap">climate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:2641.38px;white-space:nowrap">events. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:3271.73px;letter-spacing:-0.89px;white-space:nowrap">Fundamentally, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:0px;white-space:nowrap">utilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:600.21px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:1040.54px;white-space:nowrap">weathered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:1931.13px;white-space:nowrap">COVID-19 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:2811.36px;white-space:nowrap">headwinds, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:3772px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:4122.33px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:0px;white-space:nowrap">growth </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:590.27px;white-space:nowrap">outlook </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:1220.71px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:1400.71px;white-space:nowrap">robust, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:2001.01px;white-space:nowrap">driven </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:2541.27px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:2781.39px;white-space:nowrap">sustainable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:3742.03px;white-space:nowrap">initiatives </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:350.33px;white-space:nowrap">continuous </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:1270.99px;white-space:nowrap">grid-hardening </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:2481.77px;white-space:nowrap">measures. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:3372.1px;white-space:nowrap">Relative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:4072.41px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5908.64px;left:0px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5908.64px;left:460.28px;white-space:nowrap">industries, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5908.64px;left:1330.66px;white-space:nowrap">utilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5908.64px;left:1930.87px;white-space:nowrap">remained </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5908.64px;left:2731.29px;white-space:nowrap">relatively </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5908.64px;left:3491.54px;white-space:nowrap">insulated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6158.64px;left:0px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6158.64px;left:410.01px;white-space:nowrap">supply-chain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6158.64px;left:1470.59px;white-space:nowrap">pressures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6158.64px;left:2310.91px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6158.64px;left:2661.24px;white-space:nowrap">provided </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6158.64px;left:3401.72px;white-space:nowrap">solid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6158.64px;left:3821.92px;white-space:nowrap">long-term </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6408.64px;left:0px;white-space:nowrap">corporate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6408.64px;left:810.44px;white-space:nowrap">guidance. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6408.64px;left:1641.09px;white-space:nowrap">Duke </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6408.64px;left:2111.31px;letter-spacing:-1.67px;white-space:nowrap">Energy, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6408.64px;left:2768.29px;white-space:nowrap">Evergy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6408.64px;left:3378.52px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6408.64px;left:3728.85px;white-space:nowrap">Southern </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6658.64px;left:0px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6658.64px;left:440.16px;white-space:nowrap">relative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6658.64px;left:1070.42px;white-space:nowrap">outperformers. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6658.64px;left:2290.87px;white-space:nowrap">Duke </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6658.64px;left:2761.08px;letter-spacing:-0.36px;white-space:nowrap">Energy&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6658.64px;left:3508.15px;white-space:nowrap">outperformance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6908.64px;left:0px;white-space:nowrap">was </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6908.64px;left:370.11px;white-space:nowrap">attributable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6908.64px;left:1310.71px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6908.64px;left:1510.84px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6908.64px;left:1740.85px;white-space:nowrap">long-term </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6908.64px;left:2551.11px;white-space:nowrap">renewable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6908.64px;left:3431.69px;white-space:nowrap">growth </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6908.64px;left:4021.96px;white-space:nowrap">outlook </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7158.64px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7158.64px;left:350.33px;white-space:nowrap">activist </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7158.64px;left:950.45px;white-space:nowrap">investor </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7158.64px;left:1630.72px;white-space:nowrap">Elliott </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7158.64px;left:2120.89px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7158.64px;left:3221.54px;white-space:nowrap">taking </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7158.64px;left:3751.88px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7158.64px;left:3901.99px;white-space:nowrap">stake </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7158.64px;left:4382.23px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7158.64px;left:4572.33px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7408.64px;left:0px;letter-spacing:-1.48px;white-space:nowrap">company, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7408.64px;left:817.03px;white-space:nowrap">while </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7408.64px;left:1277.23px;letter-spacing:-0.25px;white-space:nowrap">Evergy&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7408.64px;left:2014.19px;white-space:nowrap">new </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7408.64px;left:2394.4px;white-space:nowrap">management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7408.64px;left:3495.06px;white-space:nowrap">team </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7408.64px;left:3945.23px;white-space:nowrap">continues </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7658.64px;left:0px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7658.64px;left:200.13px;white-space:nowrap">execute </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7658.64px;left:880.58px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7658.64px;left:1130.8px;white-space:nowrap">regulated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7658.64px;left:1931.4px;white-space:nowrap">growth </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7658.64px;left:2521.67px;white-space:nowrap">opportunities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7658.64px;left:3602.37px;white-space:nowrap">going </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7658.64px;left:4092.8px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7908.64px;left:0px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7908.64px;left:150.12px;white-space:nowrap">well-anticipated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7908.64px;left:1440.79px;white-space:nowrap">analyst </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7908.64px;left:2061.12px;white-space:nowrap">day </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7908.64px;left:2401.35px;white-space:nowrap">shortly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7908.64px;left:2981.51px;white-space:nowrap">after </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7908.64px;left:3391.7px;white-space:nowrap">period-end. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8158.64px;left:0px;letter-spacing:-0.22px;white-space:nowrap">Southern&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8158.64px;left:907.29px;white-space:nowrap">long-term </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8158.64px;left:1717.56px;white-space:nowrap">growth </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8158.64px;left:2307.83px;white-space:nowrap">opportunity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8158.64px;left:3248.44px;white-space:nowrap">remains </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8158.64px;left:3938.64px;white-space:nowrap">strong, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8158.64px;left:4538.94px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8408.64px;left:0px;white-space:nowrap">company </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8408.64px;left:780.38px;white-space:nowrap">management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8408.64px;left:1881.04px;white-space:nowrap">recently </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8408.64px;left:2561.31px;white-space:nowrap">disclosed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8408.64px;left:3361.73px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8408.64px;left:3511.85px;white-space:nowrap">sizable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8408.64px;left:4122.16px;white-space:nowrap">amount </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8658.64px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8658.64px;left:190.11px;white-space:nowrap">incremental </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8658.64px;left:1170.53px;white-space:nowrap">capital-expenditure </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8658.64px;left:2741.48px;white-space:nowrap">opportunities. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8658.64px;left:3872.2px;white-space:nowrap">NextEra </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8908.64px;left:0px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8908.64px;left:620.33px;white-space:nowrap">continued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8908.64px;left:1450.99px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8908.64px;left:1681px;white-space:nowrap">solid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8908.64px;left:2101.2px;white-space:nowrap">performance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8908.64px;left:3161.69px;white-space:nowrap">but </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8908.64px;left:3461.92px;white-space:nowrap">gave </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8908.64px;left:3902.26px;white-space:nowrap">up </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8908.64px;left:4152.48px;white-space:nowrap">some </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8908.64px;left:4642.65px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9158.64px;left:0px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9158.64px;left:230.01px;white-space:nowrap">top-tier </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9158.64px;left:840.23px;white-space:nowrap">premium </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9158.64px;left:1590.38px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9158.64px;left:2000.39px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9158.64px;left:2300.63px;white-space:nowrap">renewable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9158.64px;left:3181.2px;white-space:nowrap">trade </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9158.64px;left:3641.48px;white-space:nowrap">reversal. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9158.64px;left:4381.7px;white-space:nowrap">CMS </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9408.64px;left:0px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9408.64px;left:620.33px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9408.64px;left:970.66px;white-space:nowrap">Xcel </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9408.64px;left:1370.83px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9408.64px;left:1991.16px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9408.64px;left:2431.32px;white-space:nowrap">relative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9408.64px;left:3061.58px;white-space:nowrap">underperformers, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9658.64px;left:0px;white-space:nowrap">mainly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9658.64px;left:570.15px;white-space:nowrap">driven </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9658.64px;left:1110.41px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9658.64px;left:1350.53px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9658.64px;left:1650.76px;white-space:nowrap">reversal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9658.64px;left:2340.97px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9658.64px;left:2541.09px;white-space:nowrap">top-tier </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9658.64px;left:3151.32px;white-space:nowrap">valuations. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9658.64px;left:4061.87px;letter-spacing:-1.08px;white-space:nowrap">We </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9908.64px;left:0px;white-space:nowrap">believe </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9908.64px;left:620.42px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9908.64px;left:920.65px;white-space:nowrap">long-term </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9908.64px;left:1730.92px;white-space:nowrap">thesis </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9908.64px;left:2251.14px;white-space:nowrap">remains </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9908.64px;left:2941.35px;white-space:nowrap">intact </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9908.64px;left:3421.58px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9908.64px;left:3681.65px;white-space:nowrap">both </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9908.64px;left:4081.99px;white-space:nowrap">stocks, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10158.64px;left:0px;white-space:nowrap">characterized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10158.64px;left:1130.54px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10158.64px;left:1370.65px;white-space:nowrap">leaders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10158.64px;left:2011.03px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10158.64px;left:2201.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10158.64px;left:2501.37px;white-space:nowrap">renewables </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10158.64px;left:3471.94px;white-space:nowrap">space </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10158.64px;left:4002.28px;white-space:nowrap">while </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10408.64px;left:0px;white-space:nowrap">located </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10408.64px;left:630.44px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10408.64px;left:820.55px;white-space:nowrap">constructive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10408.64px;left:1830.94px;white-space:nowrap">regulatory </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10408.64px;left:2681.37px;white-space:nowrap">jurisdictions. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10408.64px;left:3721.73px;white-space:nowrap">Dominion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10658.64px;left:0px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10658.64px;left:620.33px;white-space:nowrap">faces </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10658.64px;left:1100.57px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10658.64px;left:1250.68px;white-space:nowrap">regulatory </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10658.64px;left:2101.11px;white-space:nowrap">overhang </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10658.64px;left:2901.71px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10658.64px;left:3271.82px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10658.64px;left:3572.05px;white-space:nowrap">triennial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10658.64px;left:4252.41px;white-space:nowrap">review </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10908.64px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10908.64px;left:350.33px;white-space:nowrap">gave </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10908.64px;left:790.66px;white-space:nowrap">up </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10908.64px;left:1040.89px;white-space:nowrap">some </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10908.64px;left:1531.05px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10908.64px;left:1731.18px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10908.64px;left:1961.19px;white-space:nowrap">top-tier </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10908.64px;left:2571.42px;white-space:nowrap">valuation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10908.64px;left:3341.95px;white-space:nowrap">premium. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10908.64px;left:4142.11px;letter-spacing:-1.08px;white-space:nowrap">We </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11158.64px;left:0px;white-space:nowrap">remain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11158.64px;left:600.21px;white-space:nowrap">bullish </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11158.64px;left:1160.51px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11158.64px;left:1410.73px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11158.64px;left:1710.97px;letter-spacing:-1.24px;white-space:nowrap">sector, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11158.64px;left:2291.22px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11158.64px;left:2531.34px;white-space:nowrap">relative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11158.64px;left:3161.6px;white-space:nowrap">valuations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11158.64px;left:4022.14px;white-space:nowrap">continue </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11408.64px;left:0px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11408.64px;left:200.13px;white-space:nowrap">screen </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11408.64px;left:790.4px;white-space:nowrap">attractively </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11408.64px;left:1700.68px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11408.64px;left:2051.02px;white-space:nowrap">long-term </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11408.64px;left:2861.28px;white-space:nowrap">growth </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11408.64px;left:3451.55px;white-space:nowrap">prospects </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11408.64px;left:4281.94px;white-space:nowrap">remain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11658.64px;left:0px;white-space:nowrap">abundant.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5220px;white-space:nowrap">Thank </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5770.28px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6110.51px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6370.58px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6770.74px;white-space:nowrap">continued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7601.4px;white-space:nowrap">participation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8621.98px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8812.09px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5220px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6016.99px;letter-spacing:-0.95px;white-space:nowrap">Trust. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6520.34px;letter-spacing:-1.08px;white-space:nowrap">We </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6837.1px;white-space:nowrap">look </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7217.31px;white-space:nowrap">forward </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7867.53px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8067.66px;white-space:nowrap">serving </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8697.92px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9098.09px;white-space:nowrap">future </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5220px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6140.39px;white-space:nowrap">needs.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:5220px;letter-spacing:-1.34px;white-space:nowrap">Sincerely,</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1338.64px;left:5220px;white-space:nowrap">Glenn </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1338.64px;left:5750.33px;white-space:nowrap">I. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1338.64px;left:5900.36px;letter-spacing:-0.83px;white-space:nowrap">Voyles, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1338.64px;left:6530.71px;letter-spacing:-6.62px;white-space:nowrap">CFA</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:5220px;white-space:nowrap">Jonathan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:6010.66px;white-space:nowrap">G. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:6250.69px;white-space:nowrap">Belk, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:6700.87px;letter-spacing:-6.62px;white-space:nowrap">CFA</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2018.64px;left:5220px;white-space:nowrap">Portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2018.64px;left:5930.33px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2018.64px;left:7027.73px;letter-spacing:-4.99px;white-space:nowrap">Team</div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2538.64px;left:5220px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2538.64px;left:5580.18px;white-space:nowrap">foregoing </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2538.64px;left:6380.77px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2538.64px;left:7321.2px;text-rendering:optimizeLegibility;white-space:nowrap">reflects </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2538.64px;left:7951.38px;white-space:nowrap">our </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2538.64px;left:8261.54px;white-space:nowrap">analysis, </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2538.64px;left:9011.87px;white-space:nowrap">opinions </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2788.64px;left:5220px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2788.64px;left:5570.33px;white-space:nowrap">portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2788.64px;left:6260.71px;white-space:nowrap">holdings </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2788.64px;left:6981.24px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2788.64px;left:7221.36px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2788.64px;left:7414.8px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2788.64px;left:8025.21px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2788.64px;left:8325.44px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2788.64px;left:8825.89px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2788.64px;left:9126.12px;white-space:nowrap">end </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:2788.64px;left:9476.46px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3038.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3038.64px;left:5520.23px;white-space:nowrap">reporting </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3038.64px;left:6280.66px;white-space:nowrap">period. </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3038.64px;left:6881.04px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3038.64px;left:7241.22px;white-space:nowrap">way </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3038.64px;left:7611.33px;white-space:nowrap">we </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3038.64px;left:7891.44px;white-space:nowrap">implement </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3038.64px;left:8771.75px;white-space:nowrap">our </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3038.64px;left:9081.91px;white-space:nowrap">main </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3288.64px;left:5220px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3288.64px;left:6140.39px;white-space:nowrap">strategies </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3288.64px;left:6970.78px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3288.64px;left:7321.11px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3288.64px;left:7621.35px;white-space:nowrap">resulting </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3288.64px;left:8351.72px;white-space:nowrap">portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3288.64px;left:9042.1px;white-space:nowrap">holdings </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3538.64px;left:5220px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3538.64px;left:5610.06px;white-space:nowrap">change </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3538.64px;left:6250.61px;white-space:nowrap">depending </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3538.64px;left:7141.46px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3538.64px;left:7391.69px;white-space:nowrap">factors </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3538.64px;left:7981.88px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3538.64px;left:8412.1px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3538.64px;left:8652.22px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3538.64px;left:9252.33px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3788.64px;left:5220px;white-space:nowrap">economic </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3788.64px;left:6040.37px;white-space:nowrap">conditions. </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3788.64px;left:6950.92px;white-space:nowrap">These </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3788.64px;left:7501.2px;white-space:nowrap">opinions </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3788.64px;left:8221.73px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3788.64px;left:8611.79px;white-space:nowrap">not </div><div style="font-family:Arial, 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sans-serif;font-size:180px;font-style:italic;position:absolute;top:4038.64px;left:6950.83px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4038.64px;left:7160.89px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4038.64px;left:7411.11px;white-space:nowrap">offer </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4038.64px;left:7821.3px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4038.64px;left:8081.37px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4038.64px;left:8231.48px;white-space:nowrap">particular </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4038.64px;left:9021.8px;letter-spacing:-1.34px;white-space:nowrap">security. </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4038.64px;left:9728.61px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4288.64px;left:5220px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4288.64px;left:6160.43px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4288.64px;left:6340.43px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4288.64px;left:6640.66px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4288.64px;left:6790.78px;white-space:nowrap">complete </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4288.64px;left:7571.16px;white-space:nowrap">analysis </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4288.64px;left:8271.47px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4288.64px;left:8471.6px;white-space:nowrap">every </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4288.64px;left:8961.77px;white-space:nowrap">aspect </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4288.64px;left:9542.11px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4288.64px;left:9742.24px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4538.64px;left:5220px;white-space:nowrap">market, </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4538.64px;left:5870.13px;letter-spacing:-1.48px;white-space:nowrap">country, </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4538.64px;left:6547.06px;letter-spacing:-1.34px;white-space:nowrap">industry, </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4538.64px;left:7263.98px;white-space:nowrap">security </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4538.64px;left:7934.15px;white-space:nowrap">or </div><div style="font-family:Arial, 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sans-serif;font-size:180px;font-style:italic;position:absolute;top:4788.64px;left:9172px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5038.64px;left:5220px;white-space:nowrap">manager </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5038.64px;left:5980.43px;white-space:nowrap">makes </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5038.64px;left:6560.6px;white-space:nowrap">no </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5038.64px;left:6810.82px;white-space:nowrap">representation </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5038.64px;left:8011.58px;white-space:nowrap">or </div><div style="font-family:Arial, 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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="background-image:url(data:image/png;base64,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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;letter-spacing:-3.33px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:430.22px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:950.45px;text-rendering:optimizeLegibility;white-space:nowrap">reflects </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1580.63px;white-space:nowrap">reinvestment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2661.06px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2861.19px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3161.43px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3748.45px;white-space:nowrap">dividends </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4558.97px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4909.31px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5479.63px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5869.95px;white-space:nowrap">distributions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6930.44px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7070.45px;letter-spacing:-2.67px;white-space:nowrap">any, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7447.32px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7797.66px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8137.88px;white-space:nowrap">unrealized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9018.46px;white-space:nowrap">gains </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9498.78px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;white-space:nowrap">losses. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:606.97px;letter-spacing:-3.33px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1037.2px;white-space:nowrap">returns </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1647.42px;white-space:nowrap">do </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1897.65px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2197.88px;text-rendering:optimizeLegibility;white-space:nowrap">reflect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2738.06px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3078.28px;white-space:nowrap">sales </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3548.5px;white-space:nowrap">charges </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4238.88px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4629.2px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4829.33px;white-space:nowrap">inception </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5599.86px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5809.92px;white-space:nowrap">brokerage </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6670.46px;white-space:nowrap">commissions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7760.65px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8150.98px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8401.2px;white-space:nowrap">secondary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9281.69px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:0px;white-space:nowrap">purchases. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:927.25px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1287.42px;white-space:nowrap">performance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2347.91px;white-space:nowrap">table </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2788.24px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3138.57px;white-space:nowrap">graph </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3648.96px;white-space:nowrap">do </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3899.18px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4199.41px;text-rendering:optimizeLegibility;white-space:nowrap">reflect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4739.59px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5079.81px;white-space:nowrap">taxes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5560.05px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5910.29px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6060.41px;white-space:nowrap">shareholder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7061.04px;white-space:nowrap">would </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7581.36px;white-space:nowrap">pay </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7921.58px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8171.81px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8632.09px;white-space:nowrap">dividends, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:9492.63px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:0px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:390.32px;white-space:nowrap">distributions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1450.81px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1590.82px;letter-spacing:-2.67px;white-space:nowrap">any, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1967.7px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2177.75px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2517.98px;white-space:nowrap">realized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3198.34px;white-space:nowrap">gains </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3678.66px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3928.89px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:4229.12px;white-space:nowrap">sale </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:4609.34px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:4809.46px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5269.75px;white-space:nowrap">shares. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5906.78px;letter-spacing:-3.3px;white-space:nowrap">Your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6320.48px;white-space:nowrap">dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7041.01px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7671.27px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7971.24px;white-space:nowrap">vary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8361.3px;white-space:nowrap">depending </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:9252.16px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:0px;white-space:nowrap">dividends </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:810.53px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:1020.59px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:1660.87px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:2051.19px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:2291.31px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:3101.57px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:3291.68px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:3591.91px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:4178.94px;white-space:nowrap">portfolio, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:4919.33px;white-space:nowrap">adjusted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5649.87px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5909.94px;white-space:nowrap">operating </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6710.54px;white-space:nowrap">expenses. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7581.09px;white-space:nowrap">Capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8191.41px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8581.73px;white-space:nowrap">distributions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:9592.21px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:0px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:300.23px;text-rendering:optimizeLegibility;white-space:nowrap">profits </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:840.41px;white-space:nowrap">realized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:1520.77px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:1930.78px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:2231.02px;white-space:nowrap">sale </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:2611.23px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:2811.36px;white-space:nowrap">portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:3501.74px;white-space:nowrap">securities.</div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:1804.91px;left:0px;white-space:nowrap">Performance </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:1804.91px;left:1560.63px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:1804.91px;left:1907.47px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:1804.91px;left:2196.54px;letter-spacing:-2.76px;white-space:nowrap">8/31/21</div><div style="font-family:Arial, sans-serif;font-size:151.6px;position:absolute;top:1810.13px;left:3044.72px;white-space:nowrap">1</div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:0px;white-space:nowrap">Performance </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:1080.44px;white-space:nowrap">data </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:1480.78px;white-space:nowrap">represent </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:2291.22px;white-space:nowrap">past </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:2681.46px;white-space:nowrap">performance, </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:3791.95px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:4302.16px;white-space:nowrap">does </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:4742.49px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:5042.72px;white-space:nowrap">guarantee </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:5903.44px;white-space:nowrap">future </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:6413.73px;white-space:nowrap">results. </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:7043.91px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:7974.32px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:8494.54px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:8844.87px;white-space:nowrap">principal </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4077.12px;left:9565.22px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:0px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:299.97px;text-rendering:optimizeLegibility;white-space:nowrap">fluctuate, </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:1080.44px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:1430.77px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:1771px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:2161.05px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:2601.39px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:2751.5px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:3141.83px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:3351.88px;white-space:nowrap">loss </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:3721.99px;white-space:nowrap">when </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:4202.31px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:4542.54px;white-space:nowrap">sell </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:4862.64px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:5262.8px;white-space:nowrap">shares. </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:5903.09px;white-space:nowrap">Current </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:6553.3px;white-space:nowrap">performance </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:7613.79px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:8003.85px;white-space:nowrap">differ </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:8454.02px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:8864.03px;text-rendering:optimizeLegibility;white-space:nowrap">figures </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:4327.12px;left:9454.31px;white-space:nowrap">shown.</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2215.66px;left:4244.47px;white-space:nowrap">Cumulative </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2215.66px;left:5151.34px;letter-spacing:-1.98px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2215.66px;left:5566.11px;white-space:nowrap">Return</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:2218.87px;left:6081.65px;white-space:nowrap">2</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2215.66px;left:7384.55px;letter-spacing:-0.74px;white-space:nowrap">Average </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2215.66px;left:8048.62px;white-space:nowrap">Annual </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2215.66px;left:8635.26px;letter-spacing:-1.98px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2215.66px;left:9050.02px;white-space:nowrap">Return</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:2218.87px;left:9565.57px;white-space:nowrap">2</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2476.14px;left:4468.84px;white-space:nowrap">Based </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2476.14px;left:4993.53px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2668.14px;left:4811.18px;letter-spacing:-3.96px;white-space:nowrap">NAV</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:2671.36px;left:5137.12px;white-space:nowrap">3</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2476.14px;left:6052.84px;white-space:nowrap">Based </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2476.14px;left:6577.53px;white-space:nowrap">on</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2668.14px;left:5769.48px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2668.14px;left:6338.7px;white-space:nowrap">price</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:2671.36px;left:6721.12px;white-space:nowrap">4</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2476.14px;left:7780.84px;white-space:nowrap">Based </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2476.14px;left:8305.53px;white-space:nowrap">on</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2668.14px;left:8123.18px;letter-spacing:-3.96px;white-space:nowrap">NAV</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:2671.36px;left:8449.12px;white-space:nowrap">3</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2476.14px;left:9364.84px;white-space:nowrap">Based </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2476.14px;left:9889.53px;white-space:nowrap">on</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2668.14px;left:9081.48px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2668.14px;left:9650.7px;white-space:nowrap">price</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:2671.36px;left:10033.12px;white-space:nowrap">4</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3146.09px;left:0px;letter-spacing:-2.45px;white-space:nowrap">1-Year</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3146.09px;left:4552.91px;white-space:nowrap">+15.33%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3146.09px;left:6136.91px;white-space:nowrap">+29.55%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3146.09px;left:7864.91px;white-space:nowrap">+15.33%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3146.09px;left:9448.91px;white-space:nowrap">+29.55%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3406.57px;left:0px;letter-spacing:-2.45px;white-space:nowrap">5-Year</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3406.57px;left:4552.91px;white-space:nowrap">+47.66%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3406.57px;left:6136.91px;white-space:nowrap">+65.02%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3406.57px;left:7965.77px;letter-spacing:-1.98px;white-space:nowrap">+8.11%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3406.57px;left:9448.91px;white-space:nowrap">+10.54%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3667.05px;left:0px;letter-spacing:-2.1px;white-space:nowrap">10-Year</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3667.05px;left:4463.92px;white-space:nowrap">+123.89%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3667.05px;left:6047.92px;white-space:nowrap">+149.78%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3667.05px;left:7953.89px;white-space:nowrap">+8.39%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3667.05px;left:9537.89px;white-space:nowrap">+9.59%</div></div>
		</div>
		<div style="height:13px;left:54px;position:absolute;top:712px;width:504px">
			<div style="width:10085px;height:116px;position:absolute;top:4.05px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:0px;white-space:nowrap">See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:269.92px;white-space:nowrap">page </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:612.66px;white-space:nowrap">7</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:722.11px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:933.44px;white-space:nowrap">Performance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:1771.95px;white-space:nowrap">Summary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:2406.33px;white-space:nowrap">footnotes.</div></div>
		</div>


</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:928.8px;width:712.8px;transform-origin:top left;transform:scale(1.2,1.2)"><div style="position:absolute;top:0px;left:0px;width:594px;height:774px">
		<div style="height:50px;left:36px;position:absolute;top:32px;width:504px">
			<div style="width:10080px;height:912px;position:absolute;top:3.86px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">


			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.67px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:793.16px;letter-spacing:10.32px;white-space:nowrap">Universal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1686.13px;letter-spacing:9.15px;white-space:nowrap">Trust</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:0px;letter-spacing:11px;white-space:nowrap">Performance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:1200.8px;letter-spacing:9.64px;white-space:nowrap">Summary</div></div>
		</div>
		<div style="background-color:transparent;height:1px;left:36px;position:absolute;top:744px;width:504px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMElEQVR4Xu3KIREAMAwAsVdb/xImoaw3EBCWqgEAAAAAAAAA+MwaAAAAAAAAAABOPTnTicuMWE6aAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="height:17px;left:36px;position:absolute;top:744px;width:35px">
			<div style="width:717px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">6</div></div>
		</div>
		<div style="background-color:transparent;height:13px;left:66px;position:absolute;top:745px;width:1px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="height:17px;left:405px;position:absolute;top:744px;width:135px">
			<div style="width:2700px;height:254px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
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		<div style="height:17px;left:80px;position:absolute;top:744px;width:324px">
			<div style="width:6492px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div></div>
		</div>
		<div style="height:13px;left:72px;position:absolute;top:745px;width:9px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
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				<div style="height:216px;transform:translate(0.000px,0.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:360px;position:absolute;top:1911px;left:0px">
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/3ZtBRFEVRFEVRFEVRVGqFwsvY2rbUuOf1jbfgNfrOveprqPt4/arY6x+Vz+z6deuyuXPnesP2ujrcbWbTVDu/U8VGqBjKuOxR1kWCeh9zE6DIPohFQuzUx9o3I2LvReoxiz62y1oVuIu9aWo+fE/tMM+Pqak6lsY+j9iH2FY18B72+rodOngwW7PmpxRFURRFURRFURSVVM9u2OANLjdt2hRd35Z67rnnnK9x69at0bXDrpdffjkaMm/cuDF6HLs2bFjvPZbeq9j6QZZeW+z1m3rhhReix2ti/dM//Z9swYIF3rC9jhnuLiZwt/89NTxXfmeH7UUbeX3sc0jN0IqE2CmPtfekTHldKccs89gua3XgLvZMopSvPuTvXqWG9CF2t3yoEz6v6qalw15fNzrcKYqiKIqiKIqiqCIV6h6OrW1btfV1xkLmMq+jbdc99tpNjSccq2n14ubN2SOPPBIM259atSoWCZWSD9wVNJsG21BGmN+AtejEihA7Q0sN3E1In9IVnzL+xc4pYzcepO7nxwgE7mLPdw/Jh+3qTK+DHfoXCdzNXaHYh9T8suY/+MNeDwAAAADAsIQ2zZzYtSu2vHXauMmmZszHQubT1yxxnntoE9amzuyf3Lsn+vqbfi1djh09ki1etCgYtq9Yvjx2mNLygbukdGDnw/Yi0ypi7CkYqYF7kckZ5oZCqHnWPl7KVI+6nx8jErin3D3Kh+11fjDKBu7mDlLsTprvccNeDwAAAADAsIQ2zfz1yROx5a2ze2LC+VqbvHFqatBsav++fcHjKWzfs3u3d32TNku1hT6rdqXccGiKQYbtJnPLj0cpE7jbTbt6TGooniq1Kdhm55qhgNzelDXUuV50jnzdz4+GB+6ui+gK3GMzxvNzmWId3YZZE5t3FHt+n9TOcfMfi/x5DHs9AAAAAADDsmP7dmdoqZB3FKl7u0xIPUyxgNlVCqdddGPB1+Xf9OuuGwGx163Pc1sMMmwXk8/lQ3RX4G7CZlfgbgfLysJSMzyTi8XyMzEd4EWaVhVypwTZdv6osTE+RfPPup8fDQ/cXYF3rMPdpexcJnNXKvYLVWTWkc3+QIfuIJlf1vyHftjrAQAAAAAYBo3e8AWXx948GlveSnpdrterUSxN5Dtfle/mgUqh+skT75w+jgJ4382VNl13XafQ+Tf5hoFNYfvChQsHFraL3TVuT5ZwzfmrVUgAACAASURBVHA3j8s3jdoZWCwHy7NHroQmW9iBdNEx1iZ7C43CsYN/3+gX+3UWOYe6nh/vanTgbgfZ5kK6AvfQLHL7l0IfmiIfCDvI9/1C2RsyFPkgG7Ew297owHXuw14PAAAAAMCgqavbFVq2qUu4qFCXdBNNT08Fg2XfiByVwulfHnsz+Jg2vAe22Dz7ps6fz5s/f/5Aw3axg2y7kTYfuNvBfD7nMtlhKAPzsbMxXyOv8kqTsalSu+cNk4H6zs8+h9AEiqIbphp1PT/e1ejA3Z6NbsLsfOBuX3A7hLcfa6rI3Suxw3TfL5T9y1z0l0nssS6u9bGxNsNeDwAAAADAIIWC57aElmX5Or2buNmmr6PbzJwPbXpbtA68Oh05m+GLjZVp4jXMW7JkSTBsX/b447FDlJYfFa2MzwTuyrPsfC7fgW3ni6ljVvLs51dGaDfmKo+0w/Yy+0bmM0w79LZvOKhCXfYpzcMudT0/3tXowF3sXxh9YO3A3XeHy4jdnUlhf1D1S2lC6fwvc9nj2/Pl9af50Or49t03X5g/7PUAAAAAAAxSaBxJmzadLMO3CWk/Nk5VQLxzx47e8cfHx7Ppqf2xJaeFwmV7Y1ONjgmF0LHSDYh+vPZ+CY3Gafpnd/3atcGwXTPdNW6mX+yG21jlMzo7v0ut/GiV/Eia0DrXhAg79PcF8vaUDl/FGmLtYxTN8up4fryr8YG72MGvqxS2h8alFCkXO3R3VWiUjH1TwHcHSL+09p2yfOU795u2HgAAAACAQfGFlk3ePLQug9w4VSF7/nlSO8k1d90XkOfFRq34jtP0me0uk3v3Ol+P3usm237qHENh+8IFC/oathspoburIbZMPuiaZR57fq3xTddICdzFbh7Ol/LR2Lhne33ssS5Vnx/vakXgLgp983ek9EH2dZbnvwqRWj76xch/6HQ+sa9RpATuog9sPtjX86WOwRn2egAAAAAA+s0X5KraMJKjKt9msXXPrvcF+xoBk8LXie+7MeB7vOv59Rloq6NHjgzk+tVp/+RkNnfePG/Y/vDY2EDCdkN5n/KrfIgeyrBiWaCrfJuHmufPPzY2+SI1cBdliWouLnJ8w85Oy6ry/HhX+Xd/SFybpraBzjkWzgMAAAAAAD/fJpqaF94FGjviC6PrHEmyPTBbPeXGhm82u68rvTfP3dFRb0rH002AOl/jsLjem0MHD8aWDYWCdI2K8YXtY2Nj2c7EmzD9kN80tQ0UZMcCd7QfgfsAmDlPBO4AAAAAAJQTmgve5q7novq9capCcd/7rFI3ekhoLnsoMPd1f6srfhSCdsPMxlfwrkod0zMMK5YvD46S0aiZYWpj4K7O/NBoaowGAvcBMF81Yc4RAAAAAADlKHh1BbIKLUcpkI3xjV9RB3gdfN8isMve+DTPN45Gx43RPHfdUNA11Z9vHz8eW4I+eWrVqmDYrk1Uh61tgbuZAa8/MdpaF7i3jQnb2cUXAAAAAIByeiNHPGNKpqenYstHii/QjnWep/DNiC/ynmu8j2uNwnS0g8L0UNj+5MqVsUMgx4TtGimD0Ufg3mdms1e62wEAAAAAKCe0WWqo23oU9XPj1JTudpXvWwWhGfMaNYPm05iY0Capjy1dGjsEHDRmevaVV/Umd2D0EbgDAAAAAIBG880tTxlTMmr6tXFqane7KVfHuu/GyLYhbqyJdNokdeHChd6wXRuo6jEAwgjcAQAAAABAY4WCYG3w2UX92Dg1tbvdlKuj3jdnX3+P5ps/f743bFfX+7A3SQXagsAdAAAAAAA0li/ErWOESlvVvXFq6KbGvsm93p+po93muxGQfxyaR93robntWzdvjh0CwH8gcAcAAAAAAI2k+ey+sLdsuDwK6t441dfdbma1p4z00Yx237WqMuoG/acxMaGw/enVq2OHAGAhcAcAAAAAAAP19vHj2c4dO3qBrkrBrUJkdUKr29pshOoLlrse4ta5cWqou93c1AhtWms2Q9VMd9fPJ3buDD09GuCpVau8YfuK5ctjywHkELgDAAAAAICBCW36ma/x8XHn33d9JnidG6fGuttFf+rfQ9fCd5wufxOhLXwbpc6dOze2FIADgTsAAAAAABiYyb3+meCpVWVz0FFRx8apKd3tRujbBr8+eYJr1VKbNm70drf//Gc/iy0H4EDgDgAAAAAABiIU8KYWI0reVcfGqSnd7UZonr5vY1UdB8322NKlzrBdXe8AyiFwBwAAAAAAfRfafLNIFQmUR1nVjVOLdLcbGh/jerxv9E/quWA49k9Oervb169dG1sOwIPAHQAAAAAA9N309FQ0TE+pojPKR1XVjVN93e2h97joNxS02SqaSxuiOme3z5uXHTt6JLYcgAeBOwAAAAAA6KtQUKvuaIXx6qpWCKyRMb7HTu3v9mapeUUDcyM0Hia2IW0oqM+XngfNpEBdwborcH9y5crYcgABBO4AAAAAAKBvYqNkXn/tkHfdL48d64Xs2mj17ePHnY/rMt/NidhGpb7RMCkhubrWY0G7KrXTHsPx9OrV3nEyGjUDoDwCdwAAAAAA0DehUTLqlkZ5vuA8NOdeNy581yPW3W6kzOLXdUdzaVNUV9i+7PHHY0sBRBC4AwAAAACAvgiNktm2bVu0mxph+nZA0RsZ2wNheer18D2vXcfePBo7DIZk08aN3u72rZs3x5YDiCBwBwAAAAAAtSs7SgbpfDc0dDPDJRSUa2xPKl1bPUcocEdzPbZ0qTNsV9c7gOoI3AEAAAAAQNSvT57IJnbt6gWt+vOtyEx1RskMhu89znernzzxTjAkT+1uN0Jz4Pfu2RNbjiHRfHZfd/v6tWtjywEkIHAHAAAAAABeGg0yMTHhDFbVwa5gXWGujVEyg+PbODU/0sX3OJVuoBSla+g73vTU/thyDMmK5cudYfvcefOyY0ePxJYDSEDgDgAAAAAAZtDIEI0fSdkc83Rou3Nnb4064RklMzgpG6fqn33XQ9dK17sM33U+eoTgtokUqCtYdwXuT65cGVveOOecc06vXnhxa+yhwEARuAMAAAAAgB51qodGhVQtRsnUL7ZxaujbBqr8txOKULCeP55CeDTT06tXe8fJaNRM2xC4o6kI3AEAAAAA6Lip/fuim2BWLUbJ9Edo49TYxrV2F3xZCt137tjRe74iG69i8LQpqitsX/b447GljaFw/St3f+102G7q5ltuy1Y/sya2vLf+/jkPZBdccMFZ61c88WRseeX1ZejY9nMVucEwa9ZlM84xZhivbxQRuAMAAAAA0GG++ex1F6Nk+sf3nutGiu9nGgGE7ti0caO3u33r5s2x5Y2gwDcftOfru2PzvesXL3ksul5hfr/Wl+F6zamBe35tLHAfxusbVQTuAAAAAAB0lDbWjAXldqmLedfOnYVmu6sYJdNfoQ1RfdeRbxt0y2NLlzrDdnW9t4FC5nzXta8UHOelhMmm1OFd9/qyZl951VnHTw3c82tDgfuwXt+oInAHAAAAAKCDNLs7dYyMAnZ1qNuba2r99PRUUvhOuNtfRefu822DbtF8dl93+/q1a2PLG+H6z34uGgSbuuijF5+1Xn8XW2dKwf6+qVdrXV+Gr6M/JXBXKJ5fFwrch/H6RhmBOwAAAAAAHaPgPKUrenLvnt6M8Biz2er4+PhZx9BYE/SXb+NUV/Ftg+5ZsXy5M2yfO29eduzokdjyoVO4mw997Y5sjZHJ/9ye5+7q3laAH/q53cVddX1Zru52VSxw9wX1vsB9WK9vlBG4AwAAAADQMbGOaIXkZbvSDx082At1VXRSD4Zv49R8mY1U0R1Tp37XH374YWfg/uTKlbHljZAPfE3YawfQ+Y5uOxDOb7Lq6oDPr1fYXdf6MkLz6kOBe2g0jC9wH8brG3UE7gAAAAAAdEisG1pz3dE+sbCda9tN31u82DtORqNm2iDfwW661+0AWl3wGnWiYDg/wz0/jsbVna1j+kLnquvLCI14cQXuev2xsTu+wH0Yr2/UEbgDAAAAANARGv0SCmQPHjgQOwQaKjYiSN9qQLdoPrsvbF+6ZElseWOkBO4xOoaCZAXFrk1VdYxQoFx1fRGuETmxwF1huv0Y3XzI/11ohvsgX18XELgDAAAAANABGiUS2iSV2d7ttnfPXu+11ca2jJLplu2nrrtmtPsC97U/fSZ2iMZIGSlTVX6ES9FAuep6m93d7prjHgvcFbbrpkR+DEwocI+p8/V1AYE7AAAAAAAdoECdQHZ0TU1Nea9vysa3GB3aCHXxokXesF1BfJu4Nk21w+Q6AveqM8qrrjfy3e2uWe6hwH3WrMtO/7zOwL2u19cVBO4AAAAAAIy46Wl/GKuud42aQbu9ffw431xAz4rly71h+9jYWC+QH5Sp6XrGVLk6vesK3M38d/uY2kg0VdX1ho5jd7drtrqkvF49n8J6W12Be12vr0sI3AEAAAAAGGHaKNMXtqsOH34jdgi0RP5bDLqZgm4JzW1Xbd28OXaIylb++CfZFVfMPh3OXnrpX2XPrFkfWxbk6vS2S4G8HlOGa7NRMyc+RdX1Rj4gN8F6SuDuUlfgXtfr6xICdwAAAAAARpQ618fHx71hOxtpjh51ur/+2qFeoVtic9ufWrUqdohK8kG7XQrdq1JXtevYdpmu8FT5UFpVZFxK1fVGvovcDsfzxx9k4F7X6+saAncAAAAAAEbQb3/zm2DYPrFzZ+wQAFoiNrf9saVLY4coLRS021UHVwCcr9TQ3dc1n9opX3W9zdfdLvnjDypwr/P1dU09n3YAAAAAANAoe3bv9obtGjWiQB7AaAjNbVfXez/mtqcG7abqosA51u2en2eep5Eo+bnkqtTZ5FXX20Ld7ZJ/jkEE7nW+vi6q79MOAAAAAAAaIdbd/tbxX8UOAaAlBj23/eG583sjYkKBd76uvfa62GELM8d2baga6nLPb05qatasy3o/i6m6Pi9/8yAfqOefp9+Be92vr4sI3AEAAAAAGDGaze4L26f2748tB9ASg5zbPjV9IPvwn374rCA2Vl++/a7e2rrZAXR+/Im6s30UHOfPUY9PDbKrrrdpTSwUzz9X6vOUDdzrfH1dReAOAAAAAMAI0UapvrB9+/btseUAWmThggUDmduu8TH/9b/8V2eg7qsv3HhT9uLWl2OHLi0fQCtQjgXTvlE0qXPJq67P0+ib2Pvoq9jmpWUC97pfX1cRuAMAAAAAMEJ2T0wwSgbogNAmqXXObf/6PfdFw1+7+hG0KzxWYKzua8M8nwnW8+F1PnBfvOQx5/nG5r0bVde7NClw78fr6yoCdwAAAAAARsSxN496w3aNmQEwGjSXvd9z2xWaF5nV3o+gXfLzxE2Qnv/3fMBsy29MakprUlRd79OUwL1fr6+rCNwBAAAAABgRO7Zvd4bt27Zt622kCmA0hLrbb7/9jl5Xul0PfOs72QMPPpQt++GPYofumbfgkewDv/+BaOh77rnn9saQ9GNGu6ENUF3Bsfl3E7jbwbzdCS/5cTOq0MaqeVXX+zQlcO/X6+sqAncAAAAAAEbA668d8na3HzzQvzAMwGA9vXq1N2y/+6tfjQa1KnWuqyNdYbzms5vAXH9ee+110fWqT3zik9mWl16JnG11rlDaDpNXP7OmFz7bP9dNACO/MamqyCagVddXlX/u1OdNDdyH/fpGEYE7AAAAAAAt9+//9q+9LnZfd7t+DqD99k9O9uazu8L2b3/729mf/PGfnhWeptZ5552Xve99vxt9nDrf1QE/KL5xJ6Gyw+J88Jxada2X0PnFlF2bGrjX8fowE+8OAAAAAAAtNz095e1uP3z4jdhyAC2x7PHHvd3tl1/+N9GQtGqpM74fc9pjfBt6uio/d1zjZWJrXFXXesn/LDU0l7JrUwP3Ol4fZuLdAQAAAACgxTSb3Re2a6Y7gNEQ2ij15ltuiQakVUvjZ4YppRM7H7arOz62xld1rDfyP0sNzaXs2pTAva7Xh5l4dwAAAAAAaLHJvXu8gftbx38VWw6gJebOnesN3C++6OJoQFq2PvJnH+3NeW8CzWvXfPb8Oerv9DPX42Ovz1d1rDfyP1PQnSq/ts7Ava7Xh5l4dwAAAAAAGJBDBw9muycmevX28eOxh0cpUPeF7XoOAKPhqVWrvGH71ddc0wtA7/nG/b0u9Hzd+MWbsz/+4z/JPvjBP4iGqPnSBqpmQ9WmKRpAD5vdTY7RxhUGAAAAAGAAJnbtOisU/+WxY7FlQQrVfYG7Rs0AaD9tlOoL2++5997s/PN/r9AmpprBvvT7y3phvAJ1dbC7wnYF+E3WtsDddJNrA1iMNgJ3AAAAAAD67OiRI85QfHuFGevaDNUXtu/fty+2HEBLzPnmN72B+6xZn8q+fPtdsUMkeXTx0uzav72+V/+w6h9jDx+6tgXuGumi873+s5+LPRQtR+AOAAAAAEAf/fu//Wu2fds2bzh+7M2jsUOcpXfM7dudx9t26rn0cwDt9+gjj3jD9s/fcEN2xRWzY4dAA9hz5787Nj/2cLQcgTsAAAAAAH2kbnNf2K7aUaLLPbRR6sEDzZy3DLeXtmzJFi58JJs7b17vT/07IJtf2Jx94777gt3tTZ2vjjPUgW/CdtfGpRg9BO4AAAAAAPSJutdDYXuZkPzkiXdqDe8xPFP79jmD1ClGAuGUv/vc57xh+1VXXZ09s2Z97BBoCI2RuX/OA7GHYUQQuAMAAAAA0Aca67ItMErGrtQxMHrMxM6d3uNorjva4xHPuJBljy+LLcWIU6DuC9vvuPPObGxsbuwQAIaEwB0AAAAAWuD11w71Cu0RGvviqpSNTqenp7zrNSce7fH06tXeQPXRRx+NLccIu/urX+uF6r7Px623MpYEaDICdwAAAABosF8eO3ZWsHr0yJHYMgxZ6iiZfL11/Felj8nnoj22n7pevjBVNX8+myp2lWay33jjF4Pd7QCajcAdAAAAABrKN5JkG53Mjfbb3/wmOErm0MGD3p/tnphwHjM2nkbHRDscO3okW7xoUTBwV+2fnIwdCiPorrvu8n4m7p8zJ9uwYUPsEACGjMAdAAAAABooNqtbG2eimRSa+66bxsyIxsf4HuOawx46pi+kRzOtWL48Grar1q9dGzsUBmjjhg29MUCqflmwYEHwM6GfA2g+AncAAAAAaKDY/O+Ued8YPM3Z912zHdu3n94YNdQFbz8udszUzVbRDJs2bowG7aaeXLkydjgMyGNLl864Ng+PjfWCd31boS6xGzHf+c53YocA0BAE7gAAAADQMKHuZztoRbPERsnk57MfPHDA+1j9TPRNhtDnQHPd0Q4aETN33rxo0G5KY2cwfM9t2OC9RrqeCsqrjv+Jhe3f/va3ex32ANqBwB0AAAAAGiQUwubLNXoEwxMa+zI9PXXW49WZrm521+MV3P/65IngWCHXMdFc+S7plKqzgxrF6f3XBrax66TS9dU3GIqKhe3aJHXpkqWxwwBoEAJ3AAAAAGgIBeixkN0uZnc3h8Jv33XKj4ixha75zh07vD9TEM8omfZ4atUqb6CqLumFntndZQJc1EdjfWJBe74U0P/kxz/OphLGfsXC9ptvuSW7/vrPxg4DoGEI3AEAAACgATQaJBawu0pjTDBch994PXiN8qNk8kKd8b5i09z22H7qeoVC1R8sW5Z96Utfcv5MQT2GY+vmzdFwPVZjY2O9zncF67qWOqbGz6hzPiVs/8ML/zCbmj4QO1UADUPgDgAAAABDpvA0NPtbHdK+nzNWZLhCG5qqzCz2kNic9nzpOdEOClYXLlzoDVW//9hj2fvf//5s1qxPOX+usBaDF7tu/S6F7eef/3vZAw8+FDtVAA1E4A4AAAAAQxQL2/UzPcY3soTNU4dD41xim9tqJEyq2LFMMUaoXZYuWeINVRfMX5B9+E8/nJ1zzjm9P32Pw+CFRsl86dZbs8/fcEM0NC9bJmz/yJ99NHaaABqKwB0AAAAAhkTjYHybZtphu4S6oDWOBoOj6xbazNRUkbEvCvBDN17M54G57e3xoxUrvKGq5rarq11huynfYzWGBIMTGiVzz733Zh/60IW966U/r77mmt7fxUL01DJhu46/8sc/iZ0qgIZqXeD+wotb3/0/RGPzYw8FAAAAgEYbHx8PBqzaUNPmC3kn9+7xPANijh450qtUsW8kmJraH98wMU/jZ0LH5MZKe8Tmc99wwxdmhO0qX9f006tXx54ONdEomQcffNB73fI3SVQKyPX3d3/1q9FAPVR22H7ttdfFThVAg7UmcFfAPvvKq2b8R23WrMuSg/fVz6w59R+v22asv+ijF2f3z3kgtrRn39Sr2Vfu/tqM9dd/9nO949ah6vGHvR4AAABAMQrJi4Ttor/zPZ7NU9OpS/yN118764bH7ondvfnovs700PtvSsd89dVp5/oUvpswk3v3xpaiARTYLl60KBis3nbbl88KbVWXX/43zscve/zx2NOiBtqc9Kabb/ZeN90QcV03u6644tPZV+6+O/vmN78ZDdjtUlhvwvYP/P4Hshe3vhw7XQAN1vjAXUFwPmjPl4L0EIXqofUK7vU8PgqdL7jgAu/61NDfp+rxh70eAAAAQDGxTTJ9G6GGxo6kbM7ZdXr/9D6ldKjrMbopose/dfxXSTPWNR6oyBgZlwOvTp91XIXwjJJpvu2nrlUsbFf3tAlW83XxRRc712j8DPrrCzfelP3FX3zMe93sUTJFSrP5P/axS3o3U6677vpeF7vr2Bdax/76PffFThdAwzU+cLe70tWBbY+UsX/m61TX48xj1LGt9Ybd0a2fuSiIVye8HqM/Tce3jmPfCLCPW0TV4w97PQAAANBFGheizSvVDV1GaP73RGRTTF/wq7AXbur+TwnMq5Q+D3WF4grdTae7rivfXmg+he0KxkNh+0On6uMf/0QwoPWt3T85GTsFlLBm3bPZe3/nvb2bIHfceaf3/TejZC699K+yh+fO74XiqiuumN37u9A1ddWf/PGf9o6Z/zxoo1R12gNot0YH7iZcV5lAPT/D3YTu6tB2dambzm1foG53v6944knvz3UcV+is7nj9XOF0GVWPP+z1AAAAQJco+MyP/Ni5Y0ds2QyhOd3bt22LLWfz1ALUma4gPBaWVy2F+eiu9WvXBoN21be+9a3soosu9gaw5513Xu9PVwe0Ss+B+l144R++m3nMvtJ77TRKRkH40u8vCx5LQbk2Ov3iTbdk73//+73XOlSx5wDQDo0O3O0w2ITp+cBdHdnmP0yLlzw2Y73+3fws1KFtQmVXKG+6v30d9KnP4VP1+MNeDwAAAHTJxK5dzsB17560TUsV2IeC29RxJOp6Jvj1O/zG69ENaesq16x9dMeTK1dGw/b758zxjpFRqUP62w+N9f7ZF/xqE1bUSx3qes99o3xU99z7jezWW79cuOtcj9fxNY/dd93zpW55AKOh0YG76V5XIG7kA3cxXewaEWMzI2Ps9S7mcQqfbXaYH9o81Dx/6gasRtXjD3s9AAAA0CUaHxMKXlPGy4S6rYvMYA+dS11jTdpK8+9jIXkdpRnvqTdIMHqm9u3Lli5ZEg3b7777q8GwXYHsM2vW946pf9a8b9dxFi5cGDkjFKH3XO+/rs03vvEN7/Vb8r3vxQ4VVCR4N58DAO3X6MBdHecpgbuPWR8bh2KPlXH9vQLnEDPr3De2xqfq8Ye9HgAAAOiK2CanpkLdzqGQXDPdi1Co7jtWSvA/ivSeFB0fo/fdXDONn9FNj5Rj6BsGXb+x0UWa0/7UqlXZokfDG6Oa+vrXvx4MWO2wXb58+129jTl9xzt29Ejg7JBKIbhGxOgaaFyM7/1+bOnS2KGSmeD9/PPPd34WLrvsr2OHANAijQ7c7U1NzTiTIoF7KvM8+eA5tUPe1Ymfourxh70eAAAA6AIFq+pmjoWwplxz1DVKJnSMMp3SbJ56hsLyItdocu+e3prYMRXAa0a/vVZjhdAN2qhUs9OXPf54dEPUfC1YsCB7z3vekxy2y4tbX+79zLd556aNGz1niiKuvfa609fhWw8+6Hyvdb37sVGtgvcrP3P1jM+C5r1veemV2FIALdLowN2eH66wV3Pc+xG4mznm+UDZdHandsjHOsXzqh5/2OsBAACALlAXdCzAtcs1aqSuUTI2BcK+Y8bC5FES2oQ2X7pJoZsfZeibAydPnIg9DCNAnc1z586Nhuq+oPanTz99uoPaV77xIZrjffU11ziPrXnxqGbegkdOXwPf+B7V06tXxw5ViQL2Bx58KHt4bn3ZFoDmaHTgLiYMV+mfTVd2XYH7iieePH38/Ax4s5mqOrxDfCNpYqoef9jrAQAAgFHn6yKPlR261zlKJq/Lm6cWGSGjjnZGwCBm6+bNpYN21aOPPNIL27UJaihsV+jro5994pOXusP8U+eG8nSTw56l7ruxMTbG+wygmsYnqNrM02zaaZf+TkFwaLPPFCZ0VpmxNYYJ+2OBtMJ/3zFCqh5/2OsBAACAUabZ3qEQN9ZZrTBcHdGhUSdVO9F956DnHOWAOXWEjG5olBnXg27RbPQVy5dHA/VQzZ8/v3cce1yJq267/c7guWjkyJ9f/Ofe50F59o0QbZbqe4910wQAqmh84C4Kec0GqK6KBcY+due26xj9DqSrHn/Y6wEAAIBRpZA2FOiaDvJYKL9tfNz7s+npqchZxGk8iu/4oQ1c2yy1q13XaJRvOqAemtFedD67qbGxsezRRx/NfrRiRe9YX7jxpnDY/uU7ImfzLh3nnnvvdT6nuvBRnDakta+F71sEKjanBVBVKwJ3Q2GvvZGqXQrki7Dnwyt41nz4vH4H0lWPP+z1AAAAwChSSOsb1aLKj4GJhe6u0vHrCoM1LsX1HLt27IgtbZ1dCfP0daNkVG82oBp1l2uDSv1v249+5KLsrru+Eg3V87V40aLsqVWrsu2nPms2zeMOhe0K0VNp9Ml1113vrrPbzAAAIABJREFUfP45c+bEliNn6feXnXU9Pn/DDc73VxvkAkBVrQrcxd40NR++p851z4+p8Y2l6XcgXfX4w15ft0MHD2Zr1vyUoiiKoiiKogrVP//zP2dbtmzJXty8OVu7bm308bHSsXxh7i9eeSVbu3bNWWt+/vOfR4Ngu559dkP0PFLrueee8z7Pxo3PRde3pV544YXo+7p169Zsw4b10WNR3aolSx/LLrnk46f/d+3ll/9NNFg39fDDD2eLFy/OfvjDH2b/9E//x3n8m2+5JRi2X3LJX0bPMV+++eK33nZbdC11pnTt//N/Pn/G9fjQhy70Xu8VK1ZEj0kVK6CLWh24i73p6ewrr4qsfne9vRFrKKTv96aiVY8/7PV1I3CnKIqiKIqiitbLL798VuhaJXTftGlT6aA8JRBWKZyPnUfReuWVV5zP9YrnBkHbKuWGhh4zCq+VqrfmfPP/yf6v//ZHvf89O2vWp7L7778/GrKr7rvvvuyKT386+0//6dzssv/7r7Pb77izF966jh8K2y+66GLnulh96dbbnOelUTMPj41F11Pvlm525K+JPgeu93aM97Uv1U/Ks5TxAU3T3wS1D/KBu9jz3UPyYbs65EMU4KcE+SaQVtd8EVWPP+z1AAAAwDAdfuN1Z/C6veS4lump/cFA9/XXDsUO4R3vYqrOUTK2yb17vc+pmedtFhvZMz4+nh1782jsMOgge8zLFVd8Ohqym9I4F22q6QrQtSmqjvvi1pd7o18+8Psf8Ibt+pk2QS1D63znd+ut5fax65ov3uT+5sEdd97pfF+1cS7apY7AXSOmzRSMVMrJ7MkZytU0urofUs5P74Pvv0Oh8k2x0Ouz81OVMlTfhBCcLf3T1BCuwN3uwPZ9WPJhe6yrW8wHVp3gdTwuL3Wd73HDXg8AAAAMi0Lr7YFNTTVnvUiwHQt1zSapMXrOicCc8beO/yp2iFLePn48eP51bNA6DLHrorD95IkTscOgYxRWKxg3//v/w3/64eyBB74VDdoVxH7sY5dEQypTZh68qxS2K5CvwhcMf/rTs2NLO++bDzzovC76LPiuf34uP5pJoa+dA5oqGwgXmeqQzxbzVXR/yRQp51dX4K73L/T6VKnjvLsu/mkaInMx9eEyXIF7bMa47gbZH5hYR7eR2tltOsWL/mJVPf6w1wMAAADDcvDAgWAQq0oN3WOhbupxDD122/j4WcfZldtstW6x7vphbST629/8Jtu5Y8fpgHxq/76k9zN2XbQ5qo4N2BRyf+TPPnr6f/8rYNUYlljYPnv2ld6u9jK18sc/iZ1qlObHu85V8921ESjc5i14xHtddJ1d7+nChQtjh0UDuIL2fBUJhJUh2p3qIfls0Vd1Zmep51c2cNdrMlJfn6pf3fyjpNGBu7nQ9oc11uHuYmaVq4p0aevOjlkXuktmPvz2jYEUVY8/7PUAAADAMJw88U4wiC0SlsdC3fFTVSbU1ZptVge+RsmUOU5RodEyKr13g6TnG3fcfNDfqeve955oREzodei9HfRrQfN9/Z77ZoRCKWH7nXfdlX3845+IBkxFSoFvHTZt3Og8Z3W+q4MfZ/vCjTcFr8293/iG8z19atWq2KExZAp5Y797plI63RUw23mhKiQfatsZmTJKOxgvEvr7FD2/FPZI7nzGZ78+5bF2qK79M+1zqTrGpwuqX60+MhdbH1pz18UVuIdmkesrJfYHwr57kyIWNtu/8EWPLVWPP+z1AAAAwKBpJnkojM2XOr9dNCYmtvbQwYPOtU0VG2mjoDqlu7wOupmxLTD2x5Sugz1qR0F6aB1hO/K2vPRKduGFfzgjmEoJ25f/4AczjqOudIXln7nqmuy8886bcbzUUuhfl2NHj3jP/UMfurD0fPhRFQvbNS7I937un5yMHR5Dlp9coVDdzHBXVmiHySmTLUyWaJeP8jD7ca4Ob7uptY5Ausj5pVBobo6Tb0a258SHslM7dKfLPaza1eoz+8NgNjjNB+52IJy/g2QeayrlDleePXbFNa7G1YVfRNXjD3s9AAAAMEjauDQW4PpCXVtK2P7qq9Oes2i2fHd9vmJd/3VQ93rs/c2XbqRoVBBhO4rQCJn3ve93Z/xvf4XRsbD9p08/HTt0L9BWAG/Pgw+Vgvq6LZi/wHn+Co9vuvlLseWNseh7S2fMvH/v77w3u/zyK3o3KPQeVx3BEwvb3/Oe92R33OGeib940aLY4TFkdvZn51P5TVPtkNoXGuvvXWG2yseerBHaE9J+nDLNMsqcXwr7hkU+Hw1lqzb7poLJaeFW7WoNgH2HSh9qO3C3Z7e7RsXYX4coOw7FnmGkP80vjM7D/gXwbdYaU/X4w14PAAAADEpvNnogjN0V6OxWmdA9FrbrOfq1uemgxMbupG4CW5SuUdFvIBQpjZoBDAW1+U50zWG/+ZZbgmH7+rVrY4d20tx0Bbvqns8HYTqPflixfLnzNWgW+bnnnhtb3hihDWbt0nt7ySV/mV1xxezs7q9+LXtx68vB4+qmyKWX/lXwmNrAdsWKv6/984DBsYNsOyzOB+52cOzqwFbmZQfPyhLt3NHHzhdDzbxVA+my5xdj56euGwb2+xubbmE64VO+RdBl5a/WAPnu7NgfwNC4lCLlEtulN3T3x/5Q++5uVTl+E9YDAAAAgxAKytUZHRunotIs9dDPR6mDOjafXu9ZnfS+xd7/KjWsTV/RTF++/a6z/rdrStj+9OrVsUMn+fFP/rHX0a5g+Nq/vT728NIUBrteh16nXnMbxsroWwi+vCGltAmubnToBosdwKeG7Xp+3/uo0ugeNJsdeOf/vsj4lnyYrSzRd2ybySWVM8aYLLLMpIiy5xdjH9fVUGuP9I4JjfXGGeWv1oAp9LXv6qj0gfF1rufHyaSWjz7k+d2Q9YGMjalJCdyl7PGNYa8HAAAA+kkd574gViG6GZGSErr7apTCdiPWzV9Xx7iOkzKvfeeOHdHHuIqwvbte2rIle2zp0l798Ac/yFb8cHl2zTX/O7v4oot7o2PM/35NCdvVLd42mi3uez16zVVHsQxCbNyLuX66pp+56ursy7ff3hsJ9PkbbsgutK6xKYXoV199bfZHf/Tfg8dUUK+wXfT5cb2Hyx5/PHL2aAJ7f0a74bZs4G53eacE2vZkiJgij80re34hdtd/aBxOKnOOBO5h5a7WELk2TW0DnXPZ+U0AAABA14U60/PjX8qE7qMYthuxES9Hj1Tr7kyZ126P6dH7HLsRYBdhe3f5xqm4as6cOSMXthtz581zviYF1A88+FBs+VCpC10BuR2Ea2yMZtBffvnf9EL1O+50z1Y319U1widW6nw33f+hmxabNm6MvAI0gd0gajfeFg3c1cibz+ZSAu0iIbrdTV5U2fMLsaeGVM0l7c1jy4zM6ZJyV2uI2hi4mxlOVT/YAAAAQBdp9IkvjJ3cu8e5pkjoPohNRIcp5b0o+/pjI3rM+6uNXPP0d7FNUvfucV9fjDYFpL6O5DLV5rBd1IXtel1XXPHpXvd4k2kMjPIQdaqrcz12rVx133339QL6WMjuCttFY4Rcx9WNDLRDfoqFmc9eNHB3SQm0TWid8lz2eOs6pJyfjz1T3rX3ZVH2jQ/XjHycUfxqDVkbA3fzgYxtPAAAAABgJoWyvjBWQW0oKFYndWzMyaiH7Ubsvdi/bzJ2iLPEOudVuiESe3/1c3Wxj4+Pz1ir8TPoHoWjvo7uMtX2sF18gfHdX/1qL1xuMjNjXSNiYtcqVuqIj4Xtmqmfn2u/cOHCkf1sNNH/99v/Nzt08GC27dR/0ze/8EK2adOmbO+e3bFlUXbwrFIIrhA5JQQPSQm07RHXoWzP7gBXuealF5Vyfj72KJ6qOapem7mZoD/JOMOKXy0UYsL2MpslAAAAAF0XCnVff+1QbHkvaM4HuXagGwuDR4nmrIfC8fxonpDQTH1TZTZl1TWd3Lu38pgbtMNNN3+pF5B+8pOXZp/61GXZrbfeFg1di5S65EfB1s2bva+xTAg3KGazVI2EiV2r1Lruuut7895dYbur23/7qf8W+Y6ln6Gat48fz6b37zsdrj/77IZszZqfOuuVl89seFuGAl4F7K5rrwBY+VuZgDsl0PaNtAk9rgmBe50BuR3eh94DvKv41UIhZrPXqh9sAAAAoGtCAbGC+FS/PHbsrPXbrY1Wu2Tf5KT3Pd2R+J7oMaFueQUvdW3GitFlz+XWuJA6OqDtmj9/fnbs6OjcuPG9Tr2PZmPQpjGbpV59zTXR61WktDlufq67r9P/yZUrncdQ1zv8jhw53OtSV6k7Xf9dV23dsiV7/vnns/Xr12Vr167xhuu+qoMd/LqqaBicEmjbI20UXmtUi+sx9jiZYQfuGmtt1lVtArY3XtU3Csg444pdLQAAAADoM4W1U1P7g93TRTc4VReeQnqFyuqg7jJ19vveV22AGqMxMaGwvei1Qfd8/vM39oIbdSqrYzkWsKo0PuUzV13Ve7w22lT5HquRNFP79sVOo1V0A8H1WnWzQnPSm8ZslqprHLu2dgiuefUp8/vvnzMnu+SSv8w++ME/6H1Twsc3nuipVau8a7pK/21ft25dNDSvUnVSsO7reC8SuqcG2vZYGQXr9ogWBdL2xqrmcXUE06nnl2ffmKgyb92eA69if8o0xa4WAAAAANRMc9rfHSXiD3KLhsLw0/sd6lAPjZbRdfKt0+ieX5884V0LiNlE8+Mf/0T2ne98JxqsqmbPvnJG4HP++ednS7+/7PQx1cn+85/9rDfrfOOGDYFnb68n/v7vne+N5pp/+fa7YssHzlxnnZ/vuv5g2bLeNdPInPy3ETZt3Jg0y1/rfXQM3zptzIt3563v2rEjOAqmrtJz1M1smqoQ2GxsagLx1LA7NdB2dbDnSzcA7LEydUg9vzz7ZkTqe5Gn12zfQChyI6Pril0tAAAAAPBQkOvqntbGpOouN6XZ3vsm92a7d+3Ktkc2Nc1XV0fB1C0UnPtGy6hzPXRtGCODGDPT+8IPXZg99NBD0TD1jjvvzC6+6EzYo3rf+363sSNU+sm3cao6/TUHv2nMZqm6hq7zVid7jGasL160KPo5US1dsqTXGW+X71sBOmbX6VtfGg+zbt3aaFBeR+l5NKambiZwt/+9aDhcJNBWt7cvdFfArYDaHE+Pq0OR8zPszVvLjpPRMeywvexxuir9agEAAAAdNLV/Xy8k1hiSt079D1T4hUaV1FVvvPF67DSQKLQhbf5bBArgdePE9/j9Iza+A36Lvrc0e+DBh3p/FmFGjCi4SZnpra72/OaYf37x/8i2vPRK7KlGkm/jVAXael+bxNxY+cQnL/VeX72eFOp8Vzgf+7wUqfVr18aedmRpg9NNmzZFA/KqpW52baKqMWOaA69O+n7IB+4KiU0gro73FEUDbYXq9rgWs2GrYUbP2OdVRdHzE3vmeuqNB1t+g1r9M4pJv1oAAABAx2hERj5Y1CgOjT45fPiNXkc33qX3IhaWVy11XqM+RUbLKIAPXRe+dTD6Xtz6cnbhhX84IwDXxpUK0mP0GNPxrBD9vvvu84ah3/7Od7KxsblJx+0a33um91TXpyk04kbX2jdnv0yHuW/z0zI1Spvp5qlzXQG3gnWz0akC9o0bnyu1yWlKDSpcd8kH7mJGy6QG3mUC7RATVNfVEV7m/OwbAq4NXmPyYXvZkTRdln61AAAAgA6ZjmzaaYeN6u7tegAf6pauWrrxoeN3+f3tl5TRMhoVE7o+bJI62hTkfuHGm2YE7Xadd955M+apu9jrQzO9NRZklMPQqrSpqOt909idlT/+SWz5wKjjXjdjfNe5bIe51qXMdQ/Vo48+GnuaVlEDwLPPPhsNxcuUgnSF9SoT3ptQXbVr547Y6dXG/PcjH2I3LXC3R7ko9K5DmfMzgXmZsTb25rB6D9XRj+LSrxYAAADQIbtKjkdRx/DRI90KjNQJHXtfipZCBIXBhOz9F7pZopFKoS54XSOMJnWYf/2e+7xBe76uvfY6Z1e6fQx1Yt9z773OIHTRo8W7nrvGN1pl1qxP9d7nJjCbpfrGBikwr0Jz3fUNiFiw7qtV//APsadoPHWxv/Lyy33Z6FTH1P//M8gu9RRmlng+RHcF7iZsHkbgbm+YqrEudShzfubxqWN1DPv8FdYTtpeXfrUAAACAjlBXbywQDpU6srukju52dVNrbAkbbw5ebLSMr3TdMXpM0G7mrRepj/zZR2d0Wpvw1VQdM7277KlVq5zvncJt3fDoh52n/tugDVs3btgQe2iPNnDVjRXfddZrqGpq375s/jz3hqihWrjwkdihG0sB+N49u7Pnn98YDc3LlLrYNYamqeyu6xVPPHn6710z3M3jUke6pATaqUG6uTGgsLquMSwp52fTCBnz+CJd9vY6VZlRNDgj7WoBAAAAHRIas5FaBw90Y/5wqLtdo3Z080KPMaXRO3pv1MFuNqM9eeJE7GnQZ0U/8wromds+eu75xv3ZH/3Rf48G67HSDO8f/+QfzwrttcGnOwhdGDs1nLJp40bn+3fzLbf0bnbU7UcrVsx4nofHxnpht4/GD+k6h8YG7Z+c9K4vS8fUDZt86f364Q9+kD22dGkrO9sVsmtsyz//88+zdevWRkPzoqVjbt2ypdcx33TfHZt/+r8j9gae+cDdDuZTNwtNCbTtMNrXNW6H8jpmXVLOz1Z2w1QziqfoOrilXS0AAACgQyZ27owGjrHadeoYXeB7rwhk26fINxX4JsJoWfS9pdm5554bDdKLVP54oe72sjO9u0bBsu89TA3jUilYdz3P/PnzvWvMZqm+Gysrli/3ru0ys9Gp5qNrVIy6zfsRsJvS5qn/8otXGjc2JsZ0j6sUDisEN4G7Rp/YYXuRDvPUQNt+fj2XfXx7k1JVnaNYUs/PsIN/+9sAIXqc/d6iurSrBQAAAHSExmv4QsajRw73gkZ1bmsESiyUVEf3KFO3uu+1d6XDf5SkjpbR6B+MDo19ec973hMN0E1pdIm6TYuOnKG7vR6+TUO1SWmdG6cqHPeF+77gXJ8Jxga5KdxWqK6xMOO/+EX23HPPZevWrYuG42XKbHSq8F4hvmaym41O28zu3I5VkQ7t1EA79fl9z22H2kU64FPPz7DD/9Tg375ZkVqpM/K7Ku1qAQAAAB2hMNEVMipgz1NA+cbrr/VmtrvWjPqMa99NB7rb2ys2WmaiI9/c6ALNav/CjTdFQxVTms1tB7par/A9tk5Fd3t9NB7F9T7qPX7gwYdiy5OEOul9obuZ1//5G25wPn7xom5siqtudQXqGgPzosba9LlbXaW57k3c6LQfUkLvImG7FAm07e7xos89qMDdfnxql7++ERB7X/NF4B6WdrUAAACAjvCFyKGuXnVz+wLKUe1yp7t9dPnGBI2fqpMn3oktRws8s2Z9dumlfxUNVFR6XKhzeun3l0W73elur8+TK1c630vNTdcNlDqEutvtsm+W6IbMxRddnPTYUXHkyOFex/ogxsDky8xf1zl0jbq2FWznQ2IFzWU2+iwaaCs4t9ekPvegAne7Wz1V7P8OuIrAPSz93QcAAABGnMbF+ELkUNCobm7fKI5R7XL33ZjQ39Pd3m6/PnnCeW2np/bHlqIFUgJylcIsdS2n0GaZClxdx+laCNtves9c76U6y3UNqkrpbs9fQ7NZ6tXXXON8jMbgjIJesP6zn2XPPvtsNBDvV21+4YVeyI935TdNbQNt+lokcEc7EbgDAAAA/0Gz2V1BY8oYjS51uYdeqzrf0X5HjxzpxI2jrjGbWsbq2r+9PnYoJ400ee/vvHfGsXwjRkYlhB00zUF3vZ/33Htv7/2uKrW73a7rr/9s9qEPXej9+VOrVsWettE0JmbDhvXRMLwftXbd2t6sdwXtOg/M1MbAXTczNWcdo636f40BAACAERDqUtdc65jQegX5oyL0Ol1z7gEMnzqQU0bIqPNd42aqWLPu2eyDH/yDaHd720PYYfK9p+ef/3uVrl+ou/2BB77l/ZnC/s9cdZX35zpuW6mbfO0ARsVoDrtCdW1yOr1/X+s3OB2UtgXuZga9/sRoI3AHAAAAsvBM8tQRKb4NV1XaYHUU0N0OtMu935iTnXvuudGwXeNItBFqnXwbfKq7/djRI7Hl8NAGpK73VTc4UscAuYS62//n//yLXrDu+/lDDz3k/Pv85qptoQ1IFYDHgvIi9eyzG3qz3jWaRsH6rp07slcD+8NgtJiwXSNlMPoI3AEAAIBTNDLDFSJP7t0TW3qaQnVfGD0KXe6h7vaUsTsABuu7Y/OjQbvq6/fcFztUYb7RJyq626vxBePaOLXstQx1t2s2uz4nH/vYJd7H+Eqfg7ZRh3mVDVA1fsZ0rKtTvYsbm+Js2jR19pVX9TZ9xegjcAcAAEDnhYLyol3bvjnwqrZ3uYc6+EdtTj3Qdhot8r73/W50hMzKH//k9JqnV6/O1v70mV5IqqrShU53e//ohoXrvb3uuutLb5zqu14qzWc3n5lPfPLSaMhuSp34baKu9q1btkQDdbsUrGvNrh07GAMD4DQCdwAAAHSeZrS7QmR1cxc1ql3uodfFhppAsyhsV5geCts1012z3UVBeyw8tevhsbFs/rz52fIf/jBbv3Zttv3UfwdsoW5putur83174OZbbuld96JC30Yw3e2q667/u97nRp30sc+ISp+NtlBYrpEvsYBd9fOf/zx77VB8bxcA3UXgDgAAgM7TZp91BuSj1uWuc961c6f3NdHdDjRHStj+xZtu6T1WwXios7lo6VhPrlyZLV2yxPsYutur03voe391fc2NlFQp3e3XXnvdjDXf+pZ/E1XV3LlzPc/WPOpSj4XsKgXydLEDSEHgDgAAgE47eeIdb5Csn5UR6gafrmmDtLePH+915qv6RUF66OaBiu52oDm06WksbL/t9jt7j1Wnuca7hELTuqutG2g2ke/aaeNUe0xQTEp3uz5TrhB/2eOPt/5a/+z556NBu0rz2DVyBgBSELgDAACg03xzydX1XoUvqNaYGm0+WoZuAOh88x354+PjtXbOa279RKCj3a6yNyUA1Ethu8Z9hML2eQse6QWsCxcujIbj/Sh11KMevq50zVgvsnGq7zj33Hvv6e523/HUaa/RQq71O0uMZBu0vXt2R4N2bZ6qTVQBoAgCdwAAAHSaAnBXkHzwwIHY0iB1h/tC6iLHPvbm0V547ztPUzt37IgdKkiBvc4r9jx2KZQHMHwpYfs3v/lAr+s4For3q9rS8dwWvo1TZ8++8qzxLz6h7nbNadfn5iN/9tHgMaZO/d8nzfS31/5oxYrgmiY4cuRwL0ynqx1APxC4AwAAoLMUZvvC5Do6xjVuxXVsX5e7usV/eexYtm9yMtu1Y0c08K7jnLVmZ4nnUmmsDYDhSgnbb7zxi9nY2NxoKK56+OGHs0WPLqp1truK7vZ6aUNS1/v8+RtuiIbkRqi7/fzzf6/32UkdT6ONd5f/4AfZS1u2xB46dArRQxukrl27pvd/gwGgLAJ3AAAAdNbk3j3OILmuzu1Ql7vCeHWu60/fpq1FS6+nqCId7aa2n1pz9AgbHwJNoG7mUNg+Z86caBhuShuepmxq+tyGDb2AVV3rixctih534cJHYodEQdtP/bfY937rusds2rjRu950t6d2yreNOte9Yfupev1Q//ZGAdAN8f8KAwAAAA2hcFoBsWrP7t2xhwepw9wXKGuGeV18Xe79KoX8qUI3BFylGwRFjg+gvy6//Ipg2P6lW2+NhuEqheYKcKvQeBJ1XT/x93+fzZ9/Zq63wnaNHUH9fNdTs9djnen2NbLLdLf7Nkptu23j48ExMocOHowdAgCiCNwBAADQChO7dp0VAKsTvewGpArVfcFy2WO6FA21q5YC/lQpnfW6uaHZ7mXG1QDon//1v2YFw/Yrr/zMWbO18zV33rxepzrayTcS5mMfuyR74MGHvOtWPvGE9zNhutuLbLzaFtr8NBS2M0YGQF0I3AEAANB4oW70sqG71rmOt78PnZhlZ6T7Xq8C8L173ONwVCld6DpG7Hnq7PRHec+sWZ99/C8/cTpI/fOL/0e25aVXYsswwtR5HArbNdN9yfe+Fwzblz3+OHPVW863Ca5C8y/ffpd3ne9GjOluT50B3yaxTVK3tmD2PID2IHAHAABA473+2qFgOKxObW04mkrd2r5jaSPVur366nTw/GOl2ex6D+wu89BriHW5a61vdvv4+Hj2y2NvBtdjMOYteCS74orZzkD1vPPO6wXx6KYv3HhTMGz/6dNPe4P2sYcf7s3vRvvp2wmua3zdddf3/tvhotE/vs/G7NlX9j5DsXE0baNNUp9/fqM3bNfP9BgAqAuBOwAAABrP141ulwLklLBcj9EMV98x+mXc85z5mpiY6HXEKzQ/8Op0sHs/1KUe6nL3bRaroqt9uKamD/RGOajDNNTBbCo0NgKjKdTdfsEFF/Q+Q75RI6qf/+xnsadAS/jC8zvuvLP3eXDRNxtca7714IO9NaO4UWpok1R1vav7HQDqROAOAACARlPneiykTgmMFUDHNjCdnp5yrq2Duso1h16h/vZTtX/fZC8w13mljIBxURjv61RX179LaKZ8rDMe/aOO0lDXcqgUkClkRTqF1voGgcbzmPfxfe/73d4mpOoMzteVn7m69+e1f3t99tN1G2KH7yvdkPF9Fn78k3/sda/7wnaFrRgs/Xd106ZNvdqyZUsv/DX/bur555/P1q9fl61bty7bsGF9tm9yb+ywPceOHvFea30e8t+C0Qgh3+M/c9XVQ98oVV3mW7duydauXdMLw/WevPTSS72NTMt2oGsue2huu+a6A0DdCNwBAADQaJqpHgvZ82XPYU8J2k0VGUvTFKEud9fNh9BGqW18/W03Nm9B9v73vz8aqsdKHfGMmPHTDQkF7LqpkfrtgVB97vNfGMqktUkHAAAgAElEQVTYDb0OhaKuc9INAQWwCxcu9IaqzGwfrC0vvhgMe0M1/otfxA7f47veF190cbb0+8tmPPb7jz3m/Wxodvvtd3zF8yz9pdBbM9Rj74lGv7zy8su9x/sCeIXzKn2TLdTZrtJjAKAfCNwBAADQaL4O7lhpDE1q0K4ab+n/8C7S5R4K5/uxWSz8FJxed/3fRYNduz7+8U/0KvQYRsyccfdXv5Zddtlf1xKw+0rz0hXkp9A1V0j/mauuyT74wT/4/9m79ycp6rv/+7/kh1TdSVWuKqus8tIy31Su+6vRJFdMlMR4RIlKuBBBhIigclROyknQoISFPXBaDgssZxYVQfYAu5yWPRGW83FVYgS9LvVK7vLKVZXkX/jc+2rTm97Z7v50z/TszOw+H1XvAnane3p6Zgd49XveH6e7fvnKcttm3YR1t2vfu6qqAgNVfQ+948vPPw+dGR61tA/buJOg8UGDBv3Keb24dDFm/oIFvrcdPmKE+eY3vxlyL8nTOVLgvX9/nfU8BJU+DbB//37nPIUtiOpXCuMBIFsI3AEAAJC31KEdFBCHhcfp1PVr12yHk7eidLmHLZSqr4fNikeyFNAGdSm7dddP7jIPPTzQWcRw3Ljnu4Vjb7zxhnlm1Chz3333+27b30fM6PzedNNN1rA8ydLzOeWlad3GcegTB25XvYL5oG2jhu627nZ1ry9ZutQ3UFUXtAJXZJ9GmMQNf20V1okddJFFIbp34dT58/3DdpXeb6K+DjOl83PkyGHrY85msUgqgGwjcAcAAEDeClrc0501rjA53Q54lbraNUtdYXShCxoV43a5hy2U+vEfrlr2jiQojFUA5g1Kb7vtdvPAAw92fv0/zNMjR5rnxo4NDMX8avacOU6wpnBeIyHc/apbVUGvRkrkciZzb1K4nc1u9qj1/e//m7nxxhutt3NLI4WiXCCxdbdXbtwY+Dqpra627R4ZUoBrG2GSSQV1uwfN7Nd7iS7QiN4Dpk6bFng7byd8tmguvTubPZelY7B9agAAMkXgDgAAgLykEDwoIPbOJtfc8bihu26vrvC+1NUd9mkAXVQI+p5G7yA+jStReL54SXFgoN3S1GQq1lU49dJLLzvBlmr8hAnWID3dGjVqtBPe//uPf9ItkFXwpuNVsNbXQvh8CdozKX0qIYytu725sTHwNaGRI8guzRRPuqs9qFK73cMWQtXrQ6+dxx9/IvA2w4Y9FfCokqOLEfkQtqva2wtzfByAwkLgDgAAgLwUNCbFb/yJ/qzguD8G7V5hC6IGlRaVRTQaEaKxId/4xjd8g0+NDRk58hnz8stTzW8XLrSG49mu8ePHd+t69yvNEW9qabM99LyjEFEXDzIJ2rWt+ykA7U8XIdQpnlr6vm0sTBIVNn/f1t0eNMdbpTAe2aEgWYt42kJeleaNt7S0OCNV3IU9vaVPbmkeuW0/7r46Oq50HUfQc69RMVorQhfi/L6vrvcon67IVNRz5JYWUNV5UulTA0ldzGhpbrYdKgAkgsAdAAAAeSkoPA5a3FMh+rkzZ/yD9hMn+nTQ7grrco9zLvFPCqMUhAaFrRoJo8UJgwKtXNerr77qhG5hQa/Gn+hiQiHQ86GObo3MsQXYqaUOcQXn6ohPt8Nf2yn8ts3gT7eCnoew7naNiwl6/jVmBsnQIp8Kxi+cP+f8ndJ07JipjhgEh81gT6Xb2vbn1onjx51tgi64aJ0HvUcFvT7efPPN8INJgM6Z7XGotHiqAvag2eoaA+MG8GHd8grnDx065IT2Opf6d8GZ06fMl1987rtfAMgGAncAAADkHXVdB4XEGiET5mxK6K7Z5X09aPeK2uXOQqnh3K5mb7ipbvEB9wwwgwf/2ukeX7AgeBHCfCsdc1jQq0VG8zl0dzvav/2tb1tDa2995zv/YoY9NcJs3/m27S5iU3Aft+tdwXnYBRB13ad2HOt+gm5fVLQkcKFUfV3jRtDdp9euOQGst7tcQa7CWbcU6tbW1jid5CpbWBwWImv/cSlc1sx22/4VPMu2rVsDf+61xoPf9xa8/nrWF9JVeG7rTlcwns45Uoe/nictwKr58MxlB5BPCNwBAACQd9R57RcSuwuA2mj+uxYC7QuLocYVdrHCWyyU2pNGq6hj+KGHHjYPdpYbVsVdyDSpUteqgjR1MJ/sfM5EAeqe3bvNiuXLrdunlmbHq9s1LAxWuJtv0pnRrtvrkwm9MS5DFyqefvoZ3+NQIK8xRN6ueh1T2ONJnecedFt9fVdVVeDzre/1FwpbFboqgG061tgVmqvTWaXg2xZeJ10KkoO6taOK0u2uznu9J/i9BsaNe95ZWNnve73x6YewRWQP7N+f8fkBgHxF4A4AAIC8oq5rQuLMaBZwWNjOQqk9rVy5ygx9clhOZq+XlJQ43cgK0d/fs6crXLdRd6rC+Ip166z34ZbCN43ACQurkw7d11ZsNI899oS59dbvmu9//9+65qbbxrqkG7QnffxR6YLNyGdGOxdtlq0IX6hUIX3Y43DnuYd1t8+ZMzfweS4tLQ29/0KiUFbvaSfb250RKgqh3SDdFkbnotTRrUVUk2LrdteIm6BFc+fPnx/4Gsn2px90DsLOEWE7gL6MwB0AAAB5JWwOOSNQorF1ufe1hVL31ex3AsrlK8NDTj+NRxvNhIkTA7tAMy3t9/kXXjBDhz5pBj7yqJk2bboTjiU9ykH7219ba4qLi63HpNLM+bAFVRWKp0sd3O5IHtusc31fAbXGxbghfKEF7enSazbsvCiUD+tuLy0pCXx+D9XX2+4+72isiEJaBerqDs/XQD2sDjY0OB3n2RAUuutcie1n3lv69Ew26RyEjZJJ8oIEAOQjAncAAADkFXVf+4XEmsWO6IJmuZ89e9a2aUEZMeJpZ566gu3pM2aYEU8/bWbPnuME6WHU3fnb3/7WGkylU5MnTzFPPz3S3HHHnV0BqeZ2v19TF3pMSdF4iaC53t7SDPonnhgcGPoqMI86kkVBuQJkjUOxheNJlma0v7moyHZ4Dn1yQBc79KkAjVvRSA11ghctXuzUqpUrs971myrsfIXNetdrPOh5zXaYmpSPr17NaD56vpUWUc0mdbL73a+CeIkzZirbF2TCLpZozAwA9HUE7gAAAMgbmrke1JX92afXbZvDQ+N3/M7jn//0J9umeU+h6JtvvmkmTZ4cGirNmDnTCdUVQCtoFYWuClZtgVScWrp0qRPeKsRKunM9XXqcUQO4Z8c8F9jtrhnk3tBdXddbt+90OtJVmnd/4403WoPxpOv2239gZs99LfDxtzQ1mdLSMufCg8J02znwlkb0uK+XbLPNc/erAff83LlQEHT8UUcS5VLYuJF8LneUTVtrq9OJf+7sGWcB1i+/yE5Xu5e6xoOOS+NZoo6Wyva4IS1AG3ScmqXPKBkA/QGBOwAAAPJGR8cV35C4vb3dtil8fPhBR9c5PHHihLl+LT/C4HSpM3n5smXWQCmbpRBbHcRbNm82O7dvN4cPHbIddk6FLarprZenTjUD7hngG/AqUL/pppusQXBvVJTRMXpebI83SimY1Gsu2xdRbPPcU2vWrNmBx7ys8+cj30VZCDTbVVNT43TXHzp40AnQNZZFx+WWZsWfbD/hhOkadZMvghZ/1QWMqD/rugCZLbZRMvl0LgEgmwjcAQAAkDcUrPsF7gri0T/V19WZtWvWmCVLlliDpCRr4cKFZvXq1U6Ipc71QugaDqJu7bCOaG/ZZrvnqqIE7XqcUbv645S65Ldt3ZrVcTNh89y99ct77ws8zsWLF5srl7I7G1ud3BoJorBav8bp7FZnc7bmsivkPXDggFO6j+NtrU6ntQJet/oCXRjwe/zquA9aODX1tZzNC0hhi7vqGAGgvyBwBwAAQF7QyJigcTIaNYP+RcFhUVHvhuyqSZMmO0F7X6OQLerICc3Dv++++63hb5zS6JnJU142U6fPdGbDa1SNbRvVD3/4I2vQrsemQNz2uJIoLVSqi0DZEGX+/dx58wKPTd342aLOZXV9V/sEqZpdblso9Nq1TwK7s6NUdU2105WuMF0d6JpnrhDddr99Tdgcd10Qsr1+9XOSLWGfXGCUDID+hsAdAAAAeUGLovqF7VpEFf2LAtSlERb9TLLGPf+8mTZtuu3QCp7GSdjOhVuZdrsrQFZYrgVVg2gevLq7FcJrLrt3+2fHjLUu2qpPH0Tt3k+y1ldUpNUpXLNvX7cFbb0LnOqx3nLzLYHn88EHHwo8nmwtlKpAO6irOrUUhvt1kiskDhsz4pZu452Prn0pqMc/2ea42xZLztanNPQ8hT23PI8A+hsCdwAAkJe04OOpkyedESPnz52z3RwFLmyx1E8++aNtc/Qhmmf96quvWgNPb02bPt280rnNa6/NN1OmvOR0aNu2cWv4iBHmiccHh4bCfc3pzvfV5cuijV6ZN2+e+dWvHrOG66pvfOMb5umnnzHlaypsh5AxBYdRO/a9pWBapVFBKo3hUAi+cf1667appXBT+4hC96P79dtP+apVXbfTBQi/c6sLH7NmB89uT3rkUZygPbXUba2QXaLsQ0G7ZpAjmrA57kGvMZV+XpKm+2xpaTHV1fsCn19dPAGA/obAHQAA5J3Lly72CF1Pnzpl2wwFTBdY/MJ2XXD5+9/+atsceWTGzFfN97//b+bWW79rnhw23MyaPc8JYBUk+oXa6urV99XhrDndCsBtQadbuu3Ikc/02K/+PGnSFCcoHjz41+a5sWO7bbdo0SIzbtzz5q6f/NQ6rqQvU3e4rSPWW7qQoU8CjB03zox57jkzafJkM3v2HFNaWmb21ex3QnAFy9qvG2gr5Fu5cqUpKirq2o/mrOs26VCwXLGuwplXbjtelY5NgXoU6ljXMcftmNft9bj9hAXt3qrcuLFrm5HPjO4RuA8d+mTgtkmOCckkaE+tsBDWLYXzdD/Ho9n5fudSnwzQJy+CXidBr9E41EWviyl6jUT51IKeXwDojwjcAQBA3lCXs8aHBHU6X78W/+P7KAwnAxZLvZzlBQCRLL+g0K/u+sld5ucDfuEE896vRwnbFZ4/9PBAM+Cenzshvo3C/DHPjesayTFo0K/M7bfd7hyDbVxJfxBntnvSpbBfQbMtfFdQqFA5ThAep/vcj+ahRwnKvaXbuyM7ogbt3tLz4I6peeSRQV0/Fz+966ehjzOd0TZeClHPnTmT0Yz1dEqhLXO949NisH7nU+N4dm7f7vs60QWvdH189appbW0JXRDVrzR3n4spAPorAncAAJAXtGBme0Do6pb7EXX0Hc5FljNnAp/zLz7/L9sukCfUKW4L2sNKIXpYGDlj5kzz7z/+iXNbdc3HDcubWtqcCwJDhgx1Zoaju7jd7kmXN3xXgKzAW39O55i8wXem1FG/atUq6316K86FgdRS9783QN9R9XZocG+7WBFEnewKbuOGqG7V1tZYbxNWZ/jUWtrC5qW3NDX5vk42VVbaduurpbnZ+lwG1e+Pt9l2DwB9FoE7AADIuY6OK6FBu7cU0KLwaUzMRx9+GPpcq+sdhSHbYfv4CROcGdY//vG/OzPekR257HZPohTOpxtA22jufXnM4D3d8obuuvAQdLu4C6UqqM0kZFd5F0ZNZ/yMxpD4LayKeILGuejcKlz3vk40Vikdf7h61fp8Bj/PNbbdA0CfRuAOAAByxjZCxq8YMVL41LWuBXFtz/X5c+dtu0Ie8AvbNbpFZQvao4TtEyZONPfcPcC8OH6i7VCQEIXWUWek50tp5Eymo1Wi0KgYBeK24wkrXRgoLi4OvY3u40rn33dhHf5Ru/g12zvKPPWw0tzwoKBcY2G0MKZtpreCfkbIJCNojru7QKleO3t273Y63tO1f/9+6+sitfQ600WZL7/43LZ7AOjTCNwBAEBORBkhE1R0uRcmPW8XL5y3Pr9uqXsS+S01bNds9Pnz53cFgm+99ZYzc11z0zUzPTVs19e0EGdQoPhm5/Ya6YHep8BOoa8C33wO3xcXFZnDBw/aHk7iFGbGHXfjzpXXhQGVLbhfsmRJ4PeizKfXGLba2lprSBpW6mCP81789X32HDdz5Mhh26aIIWyOexJ0kcb22nBLF1J0PHFeJwDQ1xG4AwCAXqVRIufOnrWGrWFFl3vh0fiYOBdYGDmQ/1LDdo18mT1nbmiA+PLUqc7CqOpqv/feX4aG7QonCdvzi7q7VQp7VRppktqpvWLFCufrmr+u2yiYdrdTR7b+bAuabaUZ6esrKpx95ZJCc3XW247XG7Snbp/OudDjD+vm1/tnJmNjVAcOHMgoQD3ZfsLpkFadOc289qSFzXHPlF4/Ya8NLYaqDntdXOETCwDgj8AdAAD0GoXtJ06csIatCmbVAa9gPeg2dLkXhuvXrkV6zt3SPH+9TpDf/MJ2zVm3BYVxirC9b3PD97AFQb2lYFq37+3XhUJnBZAKGNU9rF9Tx2XomJYv6xmcq/veL2j3SmduftCceh2njtEWpvuVxsGom73j8iVC1AIRNsc9XXru9++vC3ydNB07ZtsFAMAQuAMAgF507swZa+Cqme5umK5fg26njmnkNwXntufbLX3q4c9/+m/bLpEHeiNs10KR6D8UOus5Lyst7fY6UMiur/fGbHYFjQoqNRpD4zQUXIfNJD9x/HiPYLpqxw6nm12lCwlxjlufCLD9XKgUzqfSRYF0gnZvyI7CE/Scu3Pc0xE0G16V1LgaAOgPCNwBAECvCOtW93Y3pwqa+a0ueDqh89ulixetz7mex08++aNtV8gThO3INnexx2xyw3UFkwfSWBjSG1hrH0l1hNtC96KiJd0WSlWnfdyFLbWopbqUNZIEhU2vvSSDcY2ICXutZzJiCAD6GwJ3AACQdbawXSNHNELGzxef/1fgdnS556+w580tvS64aFI4Xhw/Methe7aDVvRPbue6urnDxmWkW9qnwsokhIXu+p5XTU3PxUnDAlOdA/QdYbPW41KYHvaJjqRe3wDQXxC4AwCArFIoHtrhfOKENXQNWmSVLvf8pOfk1MmTgc+5vqdAHoVh775a89hjT8QO2zeuX+/MmtaiklEWhixftcp2KEAkCg9/39bmdHPbgugkK6ngfVNlZY+fD82D9wrqbk6tpLvwkV+Cnve4n2AIG0mkMTMAgHgI3AEAQNZoVEhY2H765MlIgTld7oVFo4ECn3M6LAvGlY4PzZSXpnUL2qOG7amduKJRGBoXo+8tWbKk2+1LS8t8jgCITiG7OrgbGuqtIXS2q66u1pxsb88o5NY8eIXs+vkoLi42LU1NXd8L62x2i6C9fwgKyuN8miHs4o0uIvEaAoD4CNwBAEBW2MJ2LY4aJWx3hXW5I3+EXRzRc+UuiIv8plntt9x8S2Jhux8FiBohU19XZ7spEqBAWotjOnPLDxzo6v5WoHbqZHvsjth8oGPW48l2yK79Hzp4MK1xNNpWx5jU+VX4GTb6Q6XROczb7h+CwvKoXel6XYa9lnRxBwAQX8EF7kePNTv/2P9dUbHtpgAAIEc0jz0sbE8neA0Lcll0M3+EjZL5+A9XbZsjxzQ+ZsiQoT2CdtXtt91upk+fnkjYjuw6c/qUOXfmjGlrbQ0dFZFaCnIV1Kk7NqmAOAkK/dxFTlMvGCRZ2qeCdd2HRsP4hY36WjrBu8o9v9p3uoF42PNZW1tjrufR84bsC/q0g15rNrp4E3axSu8fAID0FEzgroB96JNPdftH/6BBj6UdvL82/43Iwf3o34zx/U9Hammf6bp05QMzfcar3fan+929d59tU0eutwcAwPXnP/23E6iHhe26TTqCwlx9HbkXNq9fn1BA/mpqaTOjRj8b+O9che3z588nbE+IN0A+3tbmjCDRApj6taGhwQm63HBZ5d7+0sULzs+S26muUoCrEDbdEDisFEAr3D5y5LDpuHI5o9ESn1679vWFgJTj95bOxYH9+7vOhe34MimdL5079/zGfWwKzTM95zq/TceO2e6qS9joDwWs+XSRBL0n6DVhez0ca2wM3FZBPAAgfXkfuCsITg3aU2v8hMm23XSjfd5z94DIgbuCfVvYnkngrlD7e9/7XuB+bceY6+0BAHA5YfuJE1kJ2yVsTA1d7rml5zXseY/7iQb0nuUry0P/jasxMlOnTSNsj0kB7sn2E04YrtD6YEODdRRIIZQtqNaf3YsJGm0Sp8M+m6XnQMeksD/d7nI/Ct4zfV712rAF/ra57Uks1orClM4cd703hb2ebGE9ACBc3gfuCtPdf+yrA9s7Usb7vThht7eTO0qY7IbRce4jKm/4r1/djnI9Tu+FBv05H7cHAEAUtl65fCkwcHVLY2EyRZd7ftJM/qDnnVEy+UsjZL7xjW+Ehu1JzWzvD9ygOV9C5t4qBc4aZ5KNMS/plo5Jgb8C9mxTWK7ufNsx2Y43aF62bW57s2dBVfQ/cee4K0yvDnktxllwFQDgL68Ddzdc94bdqTPc3dBdobjCY5vKLdu6/SfCFrh7j2HFqtWht02HO9pGx+8Xarvd9Qq//eR6ewBA/6WOZQWpYTO7vZVUBzpd7vmnv4+S+ez6NbNi+fKuAHrJ0qWm+v29ts3SppD8rd8Vmccee8Lceut3zR133GlmzHzVtlkPW7fv9F0Y1VvDR4wIDdtXr07+38eFRMGVwikFW7ZAlcp+qfte43hy1Z375Refm5bmZqebPt2ud7+52WEXcDT6w9Ydj75NF5X8Xht+c9xtc9v1aQsAQObyOnD3hsFumJ4auKsjO2og7jc6xRa4a5/ubbPR5e12lwd1z9vuP9fbAwD6l7//7a9OqK0Q1RawZzMID+tyZ3RJ7+rvo2Rqq6vN4qKiwM7vyxcv2nYRSqH4GwsXmXHPv2gGDnw0NBx/+ulnzJWOD227dCwtKQvdl8oWtpeWltnupqBozMjv29pMdZpBaSGUgjZ1QzujVTqumIsXzjsBb1gAl++lrvrWlpachexhdEw613HPr27vPh7mtsNGIXrQayT19WG7OMjFGwBIRl4H7m73urqsXamBu7ghukbFBPGG7XFGynhD/6R5LxaELU4aNNIm19sDAPoPBVGnT52yBut+lY1xImFd7iqNN1HXdSbz4hFNfx0lc7Lz8a0uLw8NpN1u911VVU4XfBTHmlvNi+MnmhtuuMEaiPvVz356txPSh4kStj/77JjQx7VixYrQ+ygUCpc0+zpuIJrvpRBaI160KKIeX9CoktRzoU7ZfAzg1bmuLm93drw+VaAFWLWIbKFwz68eQ9TRO62tLaHfZ247XEE/s97XSNjFG9WJ48eD7wAAEEteB+6jfzPG+Qe/LXC38XZpKzT2jomx7ccN573HkJSoYb47S13nwyvX2wMA+gen6zNCsB4UfGeDOu1PhCzO6i11vauTM6nw/T8/+8xcvHDB6fL/8IMO283zis7B+XPnus6dLqJk0oF++VLw3P6+OkpGwfm2rVutQXvPbvBSpxvej0bETHlpmhOW24LwqDVr9jzf+4oStk+aNDk8bF++PPIFhHzkhuy2Ts9sljqTvQHyuTNnnAC548plJ5TV19xyFx5V6FxTU+OUOzrFDZ8VqEcJ1ePQedIx6b4V5uk+bY/LVvr0QF1drbM/9/j9yg3Tk1zcNJ/o3Op5tZ2vsGJuO7z08xT2OgkaO+MWYTsAJCuvA3dvJ7o7ziSdwN3dhztyJk7g7obN6rZPWtQw36/TX3K9PQCgf1BAawu1U0uByZUsL1R3+dJF63GkloJmXQT44IMOp0tei7iGBc4KqHU7BfZBndynM1hcTPet86RwOlvnS49Bxx82az/uyB9d8Lh0Mfj899VRMgrM1bFuC9dtYXVzY2NWQvbU0gga3Y8rStg+a9Zs6/HnU9iuQFZhteYOK4hWV3dD5+8VEqeWvq7v24LMJEvBuuZ5K1hXmF7o4z8UFLsLw+oxBYXw+rp7MUFBX6E/7mzRuUln1jtz25EqKFDXz6J+/sJeZ0GLqwIA0pfXgbu3M11hr+a4pxO4KzT3zh+PE7h7Z5yr3D+r9PtMxqy4Yb5tQdKgTvRcbw8A6PvS6STvraBV92M7pjilQN2ps2djj8/55I/xAmvR8aeeWwXVSYgSsqeWQv8oz91nn153jjNsX31tlMzhQ4e6LYqaRE2aPNkMHfqkGTz4193qvvvuNwPuGWAGDnyk89+/vzK333a7NSS3lbrd+0rY7g170wkqe6MU7usYk+44z1duJ3yhjXjJF7poFLYoamoxtx1+wua466Jf0Pe4eAMA2ZHXgbukBtxuV7YtKA8TNXBXwG/7j4nKvRgQl7bT9rbueTfwVnnlensAQN9nm5Wu4FVjRdQpngvXr12zBsm9UemMzgn65IC+ng6F5XEvFKSWns+gsFz7j7JYbjrnIp+tXbPGGp67NW36dPPc2LHW28WpRYsWmVGjR5ubbvrXbv/+HDJkqJkwcYq5//4HrP9WjVK2sF2d/ZkuAJsOBbgKhHq7Mz1OaR5307FjTocpkC7bfG23mNuOIHHXXuDiDQBkT94nqN7FTr2lrykIDlvsM0jUwN27qKhKneDu/Slgd0etqNIZt+JeTLAF3jpG9368nfq53h4A0PcFdUifbG+PPYYkm9Lp6E664pwPv+52b+kiRhxfZDBn369Su921AK2tq92tP//pTyFHWlj27N5tDcTdUne6G4qrQz3p4H3u3LlOKO4dEeN6Y+Eic8vNt1hD9aCaNWtW6H0rbNcisb1FAZDmEWvWty0wSroUQGnmMeE5ckGv/bBZ+UePHrHtAv1Y0Bz3oOJ9DgCyJ+8Dd1HI6y6g6le2wDhV1MDdGzQHBere7u+4XfeZBt653h4A0LdpdEhQqKrv5atche+6v6jCFht1K2roruci6tifuKU5+UGz6/0qW3Poc0Hd3IuLiqxBuIL12wLGvjz08EDz8tSp1n3EqdXl5c4M+FTHmludme1B/172K4X0S5YsCXQCd80AACAASURBVL2/dMN2XbTRiJGoowo0VkOLfyaxMGfcImRHPtHPzJEjh3u8TvVJiqg/T+if9OkH2/udW/pEBQAgewoicHcp7PUupOotBfJRRQ3cK7ds65pzrt8HcYPruF3umQbeud4eANC3BY0PiRMs55rC9ytXLmctkE4tdYLbaPyObT9u2UJ328gfv9Lzd+H8+UQvSCiU///+3Hc628U2s11Buuat20Jtdb2r+33O3LnWMD1OVW7c6DviRfPabcek+sHtPzC/W7Qo9D7ihu0KA4+3tTnBoF+o7S5eqqBHdbrzNdja2hI6XzibpfELCqgIMZGPThw/7iwErNq/f7/58ovPbZugn9OFS9v7nkoXGAEA2VVQgbt4F01NDd+jdphHDdyj8h5HnFnumQbeud4+afoHgvsfMIqiKCr3FRSunoiwbb6Wjv2EHkOEELnbY0553GG3tR2D7b787tv3sUTY1rafuPvw3W+E815otWH9+tAgesiQ/+gxU91W6oIfO26cNUiPU+pO31RZaY41NnY7/pKSUnPvL+4NPJYf//jfzcKFC637r9q503quVM3NTbFnBydZGj1TX3/AHDp40DkXOp6g0mKr6h4+3tpqfVwURVGFVrpAY3u/1MUc234oKskC+qOCDtxFnefufx7UjR5F0oH7ilWru/YX1gmfKtNFS3O9fdKufvSR9T9UFEVRVO/U0aNHfcPVoO7VQi89Jo2yOHjwoGlqanJCO3UUBt2+vr4+MIBWB28624WVng/vser4bNvouTrY0GD9z7ced2trq3V/qXX48OE++VqorKwMDaEfeSR4bIsWMJ2/4HXf/Wo8zSuvznIWVp00ebJ55ZVXzZo1a3pUWWmZKSkpMUURxtl4a+XKlaaqqqrr/laVr3Y661OPUfPl33zzTev+VpWXW88VRVEURVGUrYD+KLsJahakBu7ine8eRdKBuzf0jxO4u+NqbBcK3MBbC8V65Xr7pNHhTlEU9c/KdddwUMga1G3dHyssjE5nG1u55952O+e2EY4/teJ0u6ez/0IoXcgIm2k+dOiTvkH7j374YzN37jzr/uOWOsyLi4ut4bi3ysrKzLatW52LLdrHpEmTzf/9f/+v+db/8y3z2GOPW7dfvHix2bJpU+g50sWo3rzYUltb41ys0sUw2zmjKIrqz6VP+gS9l+pTPrbtKSobBfRH0RLqPOIXuHs7sKOMPMmXwF2d5drGNvs96Ha53h4AkKy/fPWVaW9v7xZsXr92zbZZ4jSHPCho1THia2Gz2P1mr4edV33v73/7q3WBUtsser1+NNc9XZp5r4Urg+47yoz6QqYFSYOC6PETJvQI2rXoqGamX+nI3nn57Po1s6uqypmnbgvLU0tz6Pfs3u3MetfM9yi395vZrhnnel0o+LaF40mVPnnR1tpqrl37xOesAAD8XO98z/R7T206dsy2KQAgQXkduLv/mVGg7vIL3OPOGI8auLszzm0Lssa9f1fUznG3Ez31OHK9PQAgWUFhq4LY3pQa+rtlW8CzPwpaWFalQN6lCxVBt/MuQqvnOuj820rbKTBPwsUL53vsu69fbFGoHRREz54zx5nB7g3bxz3/ojnW3GrbbWKihubpli42KNz36rh8yZl5bgvHgypuF7wWVtVifoTsAJA+zWj3vrdqjQ0AQO/K68DdL/C2dbhHETVwd0fV2AJptwPcdrtUu/fu6zoO/T6I9pt64UFyvT0AIDkf/+FqYJDam0G3uqODjsMbIONrCriDzpfCeFdqgO2tzz693mOfcUN3XaxJOhDX/vS6zMWnLHpbc2NjaBh93333d/2b6dZbv2u2bt9p22XW6FjDOvHTKY2gcWnEnzrL1WFuC8iDSiG91ubxUoiur104f875eLnWGNDifVpjQCNqvD8vAIDMXbp4wfmEEgCg90VLqHPEG2RfuvKB8zW/wD3qLHJX1MDdG+QHjYrRcbmB9PQZr/reJowtzPYuyOqeA69cbw8AyFzYaBJV07HGXutyD+qy19fhTxdEgp47Pbdhz29QyBgndNc+euv10RepqztsXIt3bvvPB/wiq+Nj4ni7apczb90Wptuqtrra2V9Lc7Oprqm2hulBpYBeQboCewAAAKA/y+vA3Tsb3Q2zUwN3byAcdR571MDdG6YHzS/3LtgaZ5yMyzvWxW9721ibXG8PAMiMgtL9Bw5YQ9XGxkbbrnp4cfxE881vftN5H1dX7vKV5aG3DwuGX501u+vvO9VDDz1sprw0zbyxcFFOu33zgd/sfbc0LkYVdF7DRsBECd1789MPfVXUue2a1753X61td71OM9o3rl8fe8a7bq957eo6V6e5LVAPKi3Qp9EzAAAAAL6W14G7eANtdbx7A3fv7PQ4C3pGDdzF2+WuDno3lNav3mNLd9yKQn031Navbie99u927oeF+bneHgCQPnXKrt+wwRq2q959d7dpP3nKtssuo0Y/67x/P/jgw+aZUb/pej/fvvPtwG2Cxp5UVe3qFrYH1c9+ercZOXKUM9taQXxTS1vgffU1YQuiBlVHxxXbbp3QPWihVI17QWY0SiUokNbc9rt+clfX67sQLiwdqq935rzbwvdlZWXmgyuXnXnptkDdrzSbXTOBrzNrHQAAAOgh7wN38Qa/fqWwPc64kziBu3hDd78KGyXjvSgQNJZG89Pd0NuvbMeY6+0BAPGpU3b2nLnWUNZbL0+dZh1noe8r8Nb7d3FJade2mqk8Z+4884Pbf+DbpRu2qOfYcS+E/j0YVr/85X1m1ux5sTuDtRil/v4ZMmSoU8OeGtH1e29p/08NH26eGzvWPDtmjHn+hRdMWWmp07XsreXLljshpGrVypVmf63/8cyZO79r3y+9PN059tTS3/vu8ehTBBJ3sVPdNuoYGM1QT92+48pl22awqH5/b2go/dDDA7tex0tLymy7yztu+J46dqa0tMy0NDU5C5TagvXU0vsI3ewAAABAuIII3EX/6fZ2lKsUEqfTWR43cBeF5e5Mebd0PEEhuitK4C66YJAa7Ov+whYz9cr19gCA6BTaDhs23BrKplbVrl3m6ZGjAversH3gwEed93CF63772PX2O+bF8RN6BOBhc8g1SsMWrEcp7Ucd8AovFai79PvyNRXOeVGIHeX+brvtdme29utvvGEdnRFUCt8VSO7cvsNMmfJypPv1K831lrCFb1Mrbne6LohcuXzJXLp4kRnZCdAolbD558NHjOh6fnUBq9BV7djhXHjSvPa4i6Gqk/3MqVMsvAcAAABEVDCBu8tv0dRCoGO2hfMAgL6tYsMmJxC/995fOuF5UBg7f8Hrgd9Tt7lfAKgAXSNd9PfNwIGPWAPfdRXrO4/h6/EyYd3Z06fPtAbO6daNN95ovvOdf7HezlvqOlY3uy1MT6dGjRrt7P+mm/7VehypNbXzPEnYvHa3dBvkjsL2sJErmtvuvgZ0ASif/eHqVXPm9CmnNIs9qLSwroJzW7jurebmJnONkTEAAABAbATuvUBd4jpmAncA6HvUebx167auMPW9995zOsgVqvsFs+qiXruuIjCMfffdd53Qb++ePb7fV1CvfXhDd82WdruzbftPrb1733e6poO+/6Mf/sgaNme7NEdb3eyaqW0LzZOqufPmmeHDRzid9Lbjc0sXPT779Lr1nGtxWuTGZ9evhYbtb731Vtfcdl0cs41w6g0KvRWat584YdpaW82hQ4did6lHLc1mV9AOAAAAIH0E7r3AHdUSZ848ACD/aQzK+g0bA4NVBd/qEH/8icFdoezCN98KvP3Ro0fNkiVLnOBvxYoVgbdzZ6ordNd4Fm/oGzRKJp3SsaaGygr0l68sd+43zgiYdOrJJ4c5wbctHM92qeN50KBfdVtA06/0CQMFtOomDjqnWpgWuaGwfcXy5aHPtdYDcF/ncdcdSIKCdY1vOXz4kBN+2wLyJEsLqDKuCAAAAMhcwQXuhcYN2zXvHQDQN6ijXEGzwnRbaO2t1avXhH6/rKysW/hn63JPDXyfGfUb6zHEKY2m8e4/LITUHHadF10EuOOOO823v/Vta6AeVAPuGWAmTppkDcJzUS9Pnep02weF75pRrw72oHOqT0Sg9ylsf23+/NDndsiQ/+h6HnUxLdvUuX7h/Dkn6I477iXJ0n0r6AcAAACQDAL3LHMXe6W7HQAKn0JlBe0K5NJZ9DSsNqxf3yMAjNLl7pZG2ITt/8jhw9Zj8Ja68737Vxi5aNEi57iKlxabHdu2ObOwwyicVxe8u5CrrRS0pzuf/be//a15cfx4M3jwr539+NUDDzxonhw2zOlYt+0vSi1YsMBMeeklc3vK2Jk3Fi4yp0+d6nFO1fmO3rdgwRtm8uQpoc+lLqJ4n79s6ei4Yurqaq0heG9UTU21E/gDAAAASBaBOwAAFgra1bntBnIaEWMLrOPUzh07A4PAKF3u+rWkpDRw/+++846zr7Vr15iG+nrr8ah0QcF9vE8M/nXg8ZWWlpptW7eaQ537DaNRK+oa1nlM7c7XnPRnx4yxBtyppVncum9v8K8ue3WZ28J93acWSNVCqbb7sdX8+fN77H9n1dvdQnfC9t43+aWp5tZbv2t9joePGNH1vD34wEO23aZNM9htIXhv1Ynjx83//uV/bIcMAAAAIA0E7gAABNhXs988Nfxp881vfrMrkFMnucJuW2AdtWprarrmtvtVlC73GTNfCbyNAvbU/ReXFJsNGysDtzl8+HBXKP7zAT83iyKEzioF4BXr1pna6mpnhEeYig2bzIwZM82sWbOs+02t1eXlzn2ESb1IElR6nFOmvGxWr15t1q1da73voPKOI1G589zR+3TR5Tvf+RfneVCYHva8uWG7fsb16ZVs0OiYbI6Mqel8D1HXvO5DC6qmVkNDg6mtrXFut3//fvPx1au2QwYAAACQAQJ3AAA8FJJqQVB3dExqOBsWtjc2NpqdO3Y4IbotaFe1tjSb4uLibgGgQustmzd3C8mDutz37tlrJkycGHofqXPh3Zo+Y6Z5/oUXnRAudRt3sVSF7W/9Y4xMpqXFKhWUq8pXrXI64xcvXmzdzlsbN2wwly9etD2F3Sh4n/LStB7P5f33P+A8z37e6XyO11dUOM+F7ZjcmjFzZo/7UKc9eo+7toJ7/qOE7fqZ1tijbFwcUQd5Ul3tCs0bjx519qcxMJq5Toc6AAAAkJ8I3AEA6BQ07sQbtoeNbTl69Gi3cFtBuuaya5xL0Dbeue0Kd3dVVXV1hutXhdT6XliXu0L7KPv3K80yv+MHdzgBe1XVLqfmzJmXeNieSenCQ+XGjdaOeZumljbz4viJTiC7fGW57eZdNK5GY2t0gcB2rBpRk/q6yeY8cHzN79MMtjn9WpRXn2zIRtAuCsT376+zBuk9u9Wrna50Besdly+ZLz//3HZXAAAAAPIMgTsAoN/aUfW2eeHFCc74D7+Q3Vtz5s4LDLZVmo8eFhqvXbPGHDhwwAnmVepid76XErR76WsKm3W7oC73oNLttd2yZctCg8cRI57u8Vh/9tOf5UXYrqA706A9SQrf9VwVBXTmvzx1qu9rR4vHInkKy/0+vfDss+HrAcyaPds0Hm207T4t6jpva221ButuKZTX7dW1rtEzAAAAAAofgTsAoN9Rt7MWU7SF7G5Nnz4zNNzu1qkeMo/dWxqnsnP79kiB8p7du0O73FNLgb668bWdu33YsQwe/Ouux3rXT+4yv124MPT2a1avidTxnW7pIkPc0TG9SfPjg47dr8s9yjz3oqUlod/HP+lcqqP9xhtv7HGubWNkSopLIv3MpeNk+wlT3fnasIXsX4+IqSdgBwAAAPooAncAQL+ibuNvf+vb1pDdrWHDhoeG2zt37OwK8zQCJjXMa25s7KrtW7c5M8w3VVaaK5cuBRyhv0P19eb999+3hu2qbVu29DgOt1M+qKZNm26mT59hDcO9i5UqFFeYr8dk2y5KaT/5HLR7BV1wCOpy//73/80MHPio9fWmsTcIpnFA3kWM44TtxUuLsxK2q6v9YEODNWR3S+NiAAAAAPRdBO4AgH5Di2TaAk9vPTd2XGiwrfnsbpin0TDZDotPHG+zhu2NR44Ebu/OhA8qW3e+N2xPpSBT37eNsPENQouLnQsShSRul3uc+l1Rse3u+y2/sP2mm/7VOrNd1dp0zLb72DQKRnPXbSG7SrPZmckOAAAA9H0E7gCAfiF1UUVbzXzl1dBgu7ampiugVtiu+d694WR7e+AxnTp5MnRb70KscSssbLfR/Xo7/VU1+/Y53fH1dXW2zfNW3C73qHXDDTcw992H3wWzKGG7xjcl/TpTcK4A3RayqxTInzl1yrZLAAAAAH0EgTsA5IgCR3X2KhDSr0kHQvia5j1HGeWh0qztNxYuMjU1taFhu2ake7vBMwmj4/rPzz4LPK6/fPWVbXPnwoAuENgCdm+5s+DRXTa73G+5+Rbr3Pf+JnVx4yhhuy4wJX0xTCNh6GoHAAAAEITAHQB6mbp9NcPbLxyKO9cb4dQlrODSFm4++MBDXR3Flzufg7Cwvbmp2ZSVlXU9Z7uqqixHkbwzp0/3OK4PP+iwbdZFAaQtZHdLs9/xNQWnVz/6yHR0XDGNR486Yep6z4K53po6bZr1dWcrXSgidP9aand71LA9yZntWuRUi53aQna32tuZ1Q4AAAD0RwTuANCLNEojaAyFau2aNbZdIKKo89p1O/n73/5qDdtVlZX/XHw0l2H0xQsXTHt7uzNG5uM/XA283cdXr5ozp0+ZL7/o3mUb1p2dD48vVy5dvOAE6U4dPOj8autm3rNnj6moqDAlJSXdzt/AgY9YX3+2GjlylO2Q+wVvd/tdP7nLzJs3r9fC9k+vXYs8Psbpau983aT+vAEAAADoPwjcAaAXKPjZtnWrNeBcXFSUWEjUX6kjePDgIdYgU53vpSWlZuf27WbHtu2mob7eGrZ7n8MkAz2XuqdbW1tMXV2tqampcbqo1VUb1//+5X+cxRxra2u6BYHan77nCntN9qewXee4rbW1x/lKp6qqqkx5eblZunSpc3FNI4pUW7fvdMqvY13fD3utav2B/sx78ezBBx8yb731VtbDdr0mNDomTkf7/v11zs8wAAAAgP6NwB0AsuxQfX2smdm5GFFS6BRiKpRTN7AtaFep81gLKep8a36+FkANC9o1s33FihVdz5GC1EwDPQXfHZcvOUGvrXtWQZ5uZwvfFfY1NzWFdmQrzFcY71q2bJlvYFlI3C5+VdTA0w3ZdW5tQWq6tWnTJrPv/fe7XeQIYlvU1/0kRhKaWtrMyGdGmyFDhprlK8ttN885t7tdY2QWLFgQ+v6pC0Xp/mxm8prQdlGeZwAAAAB9H4E7AGSJQp+KdeusAXtqKZyHXdyQ3a3Ro3/jdB/rXGsWu8J0W9jundmuTyGkswijwrymY8ecjll1r9sCvKBKDd81V/zMqVOxQ0IdhxtOry4vdx6XSr8PEjSeJpcOHz4c+Bjd0TDqVFbpPB1rbIx9rpKourqvnzdd7Ai6KGB7LScRulds2NRjvwrf85W3u334iBHWsD0O/QydOH7c+Vmort5nfQ79StvaLoQBAAAA6F8I3AEgC6p27HDCS1u4HlSar42e9tXsN9NnvBppZIxfLVjwhtO97YRzlRudBVDDwnZ1vi9ZsqTbc/POrl22w3QoVFXIG2UGeLpVncB+dXwK7f3o6wqI/brmNX5FI2r0GKN2lSdJIWd9/QHr48vnUlirc6vQVxcyjnX+XgulBr1+NQbJXdw3HQqvv/2tb/vue8xz42yb54Tb3f7QwwMzCtv1etFrOconSqKWXvsAAAAAkIrAHQASdPnixdBFUb2lTvalAaNmtI++QkHerbd+19xxx53O2Ax3nvWx5tbQ7RQsKiCc8tI0Z/TFjTfeaA3Ug0rbVlZu7grbNbvcNq89NWzXCJqtW7b4Husfrl41J9vbne5pLZhoC+rysRREXv9HKKkQOJ0ucDdA/n1bmzl39qzvuUqCgk7bsWSr3MVUDzY0OON5bLePW++9t9vceecPQ0N328+On1mz51l/ThT2+82YzxW3u12LpM6eMyfwvXTlihU9ttWnMXRBJpNPkwSVnvegi1QAAAAAQOAOAAnR7PWos9o1aqZs2XKzc2eVM7JEAd7q1au73aYvdLk/+MBD1pBPHazqWFc99tgToR2+6ZTCdoWIGpUSNWzf/e5u5znSc9rc2Ng1E1qd3AqkFfiquzvOgor9sTSmo739RGKzrdWl3BvnXIHqkSOHzemTJ53nPGxkiILXdOd+B5UWXv3Ns2PMzTff7Pua/t73vmfer6kLPKZUtvnw3tLPXyZd9EnSe4Pmto+fMCHwvXTVypU9ttMFMNs5jlt6Tegiiz6JAAAAAABhCNwBIEMKZN3OaVspkNciqr/7XZET2HpD3uPHj5vi4pKu2xZ6l7s6223hXjbrl7+8z7w4fqJzLBo3oW71nTt2WsP2E52lQF0h6sGDB53RKenOd06n1EHd2tJijh49knGIq9eYLhCoMt1XJqVxNDqnmQTv2e5qd2fjZ9K5rEVwN2/ebN59913r/UWp8tWrzTOjRgcG7wrSw7rddaEpnQtYmY6uSYLb3T506JOB76d+ixfr4khSP69RFysGAAAAAC8CdwBIk4IedUvbQna31DGtbRQkrV1XEdhZ7d1G4XyhUcinETC2UC8bpUUndX69YzHcsF0jYmxhe3199runUwM9heJazDMo1NPX43RQ63YKp/2CY309W/Pko5TuWyNn4oTacbraNT4kzuPLRqCqT6YUFRWZVatWmbffftt6DFFKwfuwYcNDX/ca0+SlwNydf55uJbFIa7p07Pfdd3/oe6oudnrpeYzz/Pu/JvaH/jwCAAAAgA2BOwCkQaFa1PExqur333e20zzyseNeCAx8NV7Gu53GoBSSdDtqMym/kN2lsL2srMw01Ndbw/YjR45Yw7hM68CB/U4HuxbJjBM6u9zwXV33qfvW/Pgoi5eqy1yht+1Ygyqp7mEdgxtq6ph07O5Cs+5is1EvMihkVUjqpfPrHQF0+PAh57wplNcIJ40dyZbUdRzKSsvMipUrTUVFhdmyZUvaHfAlnfsd+cyowJ8FXehS8K5Sl3rYz83DDz9inh3znPXnS7Pfe5t+nm+77fbQue0a9+SVbtiu18Lhw4dN07Fjztx3AAAAAMgUgTsARKRuyl07d5qSkpLAECi11qxeY65cuuRsr/EP9977S2vwW/6PWeNupXZx5qveCts1v/rnA35h5sydH7rAoxu2H00Z3dOjjh93ulptwVzcUvin0Fhhb5QgPC6Fg+qOb2luNl9+ET+8VyCt47M9DoXeCscVXLsXCRSQa3yKG4ynE3QmVep+z7duZF2Qs703aMHk5cuXm/XrK8zb77xjfZze2rZtmxky5D+sPyt+dffd95g1a9Z27Wtn53taWIivevrpZ2wPOVHqbg+b2556ITJq2K7Xqi5Y6bWcb68ZAAAAAH0HgTsA+FDIvWf3bie0jTqf3Vvaxg3KvUF0SUmpNXDfu2dPaLiUiR1VbztdsKo3Fi6y3TyyKGH7D3/4IzN9xqtd928LBlW6nS5U6FhTR2aEUeC5du0a67lubm52FkO0BXVRSvtxwunmpoIK8y5dvNCta12/V7evN2CPQrdVCK9u4aS64G2lwD9fLV682Po+4S11wav73faYvTVm7NjA+e5+pbE0mzZv9t1X0ZIl5tFHBwVuq8WH11ZstD3sjKm7ffDgXweeJ32yyDu3PUrYrgtTAAAAANBbCNwBoJO60BVsa9a3LRgLK4VBCupdWtDQDaLDRsmkVnFxcbf9nuz8WqYUdqeGaE8OG27bzCpK2K7vB3WjK0gvXbbCDHtqhBOwa6HTuAs2uhdINFN/2bJlpqqqynqOFbbHDYZ1e7dL1u1cjxNK5zN1zCc5UkOBfdTZ63ErH7vaU9XX1VnfL/xKwfv27dut58AtBeX3P/Bg6M/fgHt+bha8/rp1X6pXZs0K3Z9GOIUt1JqpRx55NPT8eNe1iBK269MZAAAAANCbCNwBoFNqwJ1OaVHUyxcvdu1TobE7R3ngwEesAbC3du7Y2W3fEydOCjl6O82ODwvD4wbcrkzD9rgOHzzY9ckDnW99kkAjfjSaY+2aNWbrtm3OiBXb+dWYGW8op+50zXJ2R8C4pY5thepnTp9Ka2wLjHP+ooyuiVr53NWeShfy9Hp1S3PH3dLFIV3kW7FihW83vGa+68KR7Xy49dLLU3t0u+vPz4wabd02aH933nFn4M+1Zrsn9XPtWrDgDTN33rzA91idM1eUsD11rj8AAAAA9AYCdwD93ju7dlnD9LBS4OvtupTfFRWbG264wQmmFLqvXVdhDYFTA+HUbvtRo34T8AiCKRBTR2pYIO4eY9wRM00tbeaun9xlDdvLV61yLmio1ldUdAsd3VIYWbNvn/NcKFTT1xRGqtwFKIuKipyAvbKy0mzdssVs7bydN1xTaN7W1mY9t97wV92vfaVDPd8pIM1ksVYtdqrxN32RPsES9P6i4D3qIqvlq1d3jYVRl7q6323b2Gr8hImBwXs67xt+ytdUOKOjZsycGXweOn/2XVrwttoStusTFgAAAACQCwTuAPKCRoKoFFwrbFUHc2lpmRPSbqqstG2etrCgK0ppUVTvPGEF3BrT4g2lJk6aHBj+njtzJvB7mkHuva/hI0aYBx94KPI4B+84m6ilcN7Wtapu+DHPjbPu64nHB6c1okcXMDRWQx3rGzZsiDTX+mBDgzVoV9XXfz3ihKA9d3TeDx862OM51Px7XQzRc6MudnUnqzs+30fHJMW20Grlpk3m/ff3Wn8WVBptZbtNnHr77bfNK7NmB/6sa5HTOGssiBuyu58Cemr48MDH/tuFC7s+PaSLLrbjJWwHAAAAkEsE7gB6VfX77ztBugKhOIsKersbk6Kg3O2ejlrqVLvtigAAIABJREFUuN64YYPZuX27aUmZDazF/t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)"></div>
				</div>
				<div style="height:13px;transform:translate(0.000px,0.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:504px;position:absolute;top:12606px;left:0px">
					<div style="width:10080px;height:116px;position:absolute;top:4.05px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

					<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:0px;white-space:nowrap">See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:269.92px;white-space:nowrap">page </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:612.66px;white-space:nowrap">7</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:722.11px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:933.44px;white-space:nowrap">Performance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:1771.95px;white-space:nowrap">Summary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:-21.41px;left:2406.33px;white-space:nowrap">footnotes.</div></div>
				</div>
			<div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;letter-spacing:-4.8px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:621.44px;white-space:nowrap">Return </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1474.05px;white-space:nowrap">Index </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:2182.32px;white-space:nowrap">Comparison </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3656.25px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:4031.9px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:4248.74px;white-space:nowrap">Hypothetical </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:5751.74px;white-space:nowrap">$10,000 </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:6763.81px;white-space:nowrap">Investment</div><div style="font-family:Arial, sans-serif;font-size:151.6px;position:absolute;top:-25.63px;left:8035.5px;letter-spacing:0px;white-space:nowrap">1</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:0px;letter-spacing:-3.33px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:430.22px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:950.45px;white-space:nowrap">represents </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:1850.89px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:2151.12px;white-space:nowrap">change </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:2791.67px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:2981.78px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:3462.1px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:3662.23px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:3912.45px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:4832.84px;white-space:nowrap">over </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:5233.01px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:5533.24px;white-space:nowrap">period </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:6083.61px;white-space:nowrap">shown. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:6703.95px;white-space:nowrap">It </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:6853.97px;white-space:nowrap">includes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:7564.39px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:7904.62px;white-space:nowrap">applicable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:8765.24px;white-space:nowrap">maximum </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:9595.28px;white-space:nowrap">sales </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:0px;white-space:nowrap">charge, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:650.39px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:1110.67px;white-space:nowrap">expenses, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:1981.23px;white-space:nowrap">account </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:2661.68px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:3051.91px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:3402.25px;white-space:nowrap">reinvested </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:4282.73px;white-space:nowrap">distributions. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:5339.97px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:5700.15px;white-space:nowrap">unmanaged </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:6700.96px;white-space:nowrap">indexes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:7371.39px;white-space:nowrap">include </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:7991.81px;white-space:nowrap">reinvestment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:9072.25px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:9272.37px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:0px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:630.26px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:840.32px;white-space:nowrap">distributions. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:1897.56px;white-space:nowrap">They </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:2347.73px;letter-spacing:-0.46px;white-space:nowrap">differ </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:2794.66px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:3204.67px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:3504.9px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:3965.19px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:4155.29px;white-space:nowrap">composition </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:5165.77px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:5516.1px;white-space:nowrap">do </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:5766.33px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:6066.56px;white-space:nowrap">pay </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:6406.79px;white-space:nowrap">management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:7507.44px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:7897.68px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:8107.73px;white-space:nowrap">expenses. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:8978.29px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:9368.53px;white-space:nowrap">cannot </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:0px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:520.22px;white-space:nowrap">directly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:1140.38px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:1330.49px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:1580.71px;white-space:nowrap">index.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1541.42px;left:0px;letter-spacing:-0.85px;white-space:nowrap">9/1/11&#8211;8/31/21</div></div>
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		<div 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			<div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Shares </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:896.04px;white-space:nowrap">Prices</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:20px;position:absolute;top:1337.8px;left:0px;white-space:nowrap">1</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:0px;white-space:nowrap">All </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:204.14px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:1006.25px;white-space:nowrap">involve </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:1494.92px;white-space:nowrap">risks, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:1874.3px;white-space:nowrap">including </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:2493.98px;white-space:nowrap">possible </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:3062.81px;white-space:nowrap">loss </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:3361.88px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:3522.19px;white-space:nowrap">principal. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:4142.03px;white-space:nowrap">Bond </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:4513.67px;white-space:nowrap">prices </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:4936.72px;white-space:nowrap">generally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:5549.38px;white-space:nowrap">move </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:5928.59px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:6081.72px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:6315px;white-space:nowrap">opposite </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:6898.2px;white-space:nowrap">direction </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:7488.75px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:7649.06px;white-space:nowrap">interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:8159.45px;white-space:nowrap">rates. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:8541.25px;white-space:nowrap">As </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:8745.39px;white-space:nowrap">prices </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:9168.44px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:9328.75px;white-space:nowrap">bonds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2833.07px;left:9758.83px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:0px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:109.45px;white-space:nowrap">fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:430.08px;white-space:nowrap">adjust </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:852.97px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:1013.28px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:1122.73px;white-space:nowrap">rise </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:1392.66px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:1545.78px;white-space:nowrap">interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:2056.17px;white-space:nowrap">rates, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:2442.73px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:2676.02px;letter-spacing:-0.68px;white-space:nowrap">fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:3101.33px;white-space:nowrap">share </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:3487.89px;white-space:nowrap">price </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:3837.97px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:4137.03px;white-space:nowrap">decline. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:4662.19px;white-space:nowrap">Investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:5464.3px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:5617.42px;white-space:nowrap">lower-rated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:6361.09px;white-space:nowrap">bonds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:6791.17px;white-space:nowrap">include </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:7287.03px;white-space:nowrap">higher </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:7724.45px;white-space:nowrap">risk </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:7994.38px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:8154.69px;white-space:nowrap">default </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:8621.25px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:8891.02px;white-space:nowrap">loss </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:9190.08px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3013.07px;left:9350.39px;white-space:nowrap">principal. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:0px;white-space:nowrap">Stock </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:393.75px;white-space:nowrap">prices </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:816.8px;text-rendering:optimizeLegibility;white-space:nowrap">fluctuate, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:1436.48px;white-space:nowrap">sometimes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:2158.44px;white-space:nowrap">rapidly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:2625.16px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:2894.92px;letter-spacing:-0.69px;white-space:nowrap">dramatically, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:3724.06px;white-space:nowrap">due </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:3993.83px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:4154.14px;white-space:nowrap">factors </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:4628.05px;white-space:nowrap">affecting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:5211.25px;white-space:nowrap">individual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:5860.23px;white-space:nowrap">companies, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:6618.67px;white-space:nowrap">particular </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:7253.05px;white-space:nowrap">industries </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:7916.56px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:8084.22px;white-space:nowrap">sectors, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:8623.91px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:8791.56px;white-space:nowrap">general </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:9294.77px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3193.07px;left:9761.48px;white-space:nowrap">con-</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:0px;white-space:nowrap">ditions. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:503.05px;white-space:nowrap">In </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:656.17px;white-space:nowrap">addition </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:1202.89px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:1363.2px;white-space:nowrap">having </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:1822.58px;white-space:nowrap">sensitivity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:2500.86px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:2661.17px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:3025.63px;white-space:nowrap">factors, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:3536.02px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:4185.16px;white-space:nowrap">issued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:4637.34px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:4826.95px;white-space:nowrap">utility </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:5213.36px;white-space:nowrap">companies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:5935.31px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:6270.86px;white-space:nowrap">historically </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:7000.16px;white-space:nowrap">been </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:7342.89px;white-space:nowrap">sensitive </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:7941.02px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:8101.33px;white-space:nowrap">interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:8611.72px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:8888.83px;white-space:nowrap">changes. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3373.07px;left:9494.14px;white-space:nowrap">When </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:0px;white-space:nowrap">interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:510.39px;white-space:nowrap">rates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:860.47px;white-space:nowrap">fall, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:1123.05px;white-space:nowrap">utility </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:1509.45px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:2158.59px;white-space:nowrap">prices, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:2618.13px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:2887.89px;white-space:nowrap">thus </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:3201.33px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:3310.78px;white-space:nowrap">utilities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:3806.64px;letter-spacing:-0.68px;white-space:nowrap">fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:4231.95px;white-space:nowrap">share </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:4618.52px;white-space:nowrap">price, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:5005.08px;white-space:nowrap">tend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:5318.52px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:5478.83px;white-space:nowrap">rise; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:5792.42px;white-space:nowrap">when </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:6164.3px;white-space:nowrap">interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:6674.69px;white-space:nowrap">rates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:7024.77px;white-space:nowrap">rise, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:7331.17px;white-space:nowrap">their </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:7651.95px;white-space:nowrap">prices </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:8075px;white-space:nowrap">generally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:8687.66px;white-space:nowrap">fall. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:8950.23px;white-space:nowrap">For </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:9198.05px;white-space:nowrap">stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3553.07px;left:9650.23px;white-space:nowrap">paying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:0px;white-space:nowrap">dividends, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:685.47px;white-space:nowrap">dividends </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:1334.45px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:1567.89px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:1808.36px;white-space:nowrap">guaranteed, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:2588.52px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:2858.28px;white-space:nowrap">can </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:3120.86px;white-space:nowrap">increase, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:3726.33px;white-space:nowrap">decrease </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:4331.8px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:4499.45px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:4689.06px;white-space:nowrap">totally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:5111.95px;white-space:nowrap">eliminated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:5797.42px;white-space:nowrap">without </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:6300.31px;white-space:nowrap">notice. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:6759.69px;white-space:nowrap">Events </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:7226.41px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:7569.14px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:7751.56px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:7984.84px;white-space:nowrap">spread </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:8451.56px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:8611.88px;white-space:nowrap">deadly </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:9064.06px;white-space:nowrap">diseases, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3733.07px;left:9691.48px;white-space:nowrap">disas-</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:0px;white-space:nowrap">ters, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:313.59px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:583.36px;text-rendering:optimizeLegibility;white-space:nowrap">financial, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:1188.67px;white-space:nowrap">political </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:1721.02px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:1888.67px;white-space:nowrap">social </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:2297.19px;white-space:nowrap">disruptions, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:3084.53px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:3383.59px;white-space:nowrap">heighten </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:3966.8px;white-space:nowrap">risks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:4309.69px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:4579.45px;white-space:nowrap">adversely </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:5221.41px;white-space:nowrap">affect </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:5607.81px;white-space:nowrap">performance. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:6475.47px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:6745.23px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:7102.34px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:7248.28px;white-space:nowrap">actively </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:7766.25px;white-space:nowrap">managed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:8378.75px;white-space:nowrap">but </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:8619.22px;white-space:nowrap">there </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:8976.48px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:9122.42px;white-space:nowrap">no </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3913.07px;left:9319.22px;white-space:nowrap">guarantee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4093.07px;left:0px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4093.07px;left:276.95px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4093.07px;left:510.23px;white-space:nowrap">manager&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4093.07px;left:1203.05px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4093.07px;left:1932.19px;white-space:nowrap">decisions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4093.07px;left:2573.98px;white-space:nowrap">will </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4093.07px;left:2822.03px;white-space:nowrap">produce </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4093.07px;left:3376.09px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4093.07px;left:3609.38px;white-space:nowrap">desire </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4093.07px;left:4032.42px;white-space:nowrap">results.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:0px;white-space:nowrap">1. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:143.67px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:406.25px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:741.8px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:989.84px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:1099.3px;white-space:nowrap">fee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:1318.2px;white-space:nowrap">waiver </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:1733.75px;white-space:nowrap">associated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:2397.58px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:2667.34px;white-space:nowrap">any </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:2915.39px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:3586.41px;white-space:nowrap">it </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:3688.52px;white-space:nowrap">makes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:4111.48px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:4250.08px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:4359.53px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:4860.39px;letter-spacing:-1.45px;white-space:nowrap">Templeton </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:5502.27px;white-space:nowrap">money </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:5932.58px;white-space:nowrap">fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:6224.45px;white-space:nowrap">and/or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:6632.97px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:6968.52px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:7469.38px;letter-spacing:-1.45px;white-space:nowrap">Templeton </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:8111.25px;white-space:nowrap">fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:8439.61px;white-space:nowrap">contractually </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4453.07px;left:9212.73px;white-space:nowrap">guaranteed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:0px;white-space:nowrap">through </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:481.48px;white-space:nowrap">10/31/22. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:1065.23px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:1400.78px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:2071.8px;white-space:nowrap">results </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:2494.77px;text-rendering:optimizeLegibility;white-space:nowrap">reflect </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:2888.59px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:3107.5px;white-space:nowrap">fee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:3326.41px;white-space:nowrap">waiver; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:3778.44px;white-space:nowrap">without </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:4230.63px;white-space:nowrap">this </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:4471.33px;letter-spacing:-0.9px;white-space:nowrap">waiver, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:4916.17px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:5135.08px;white-space:nowrap">results </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:5558.05px;white-space:nowrap">would </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:5937.27px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:6258.28px;white-space:nowrap">been </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4633.07px;left:6586.64px;letter-spacing:-1.03px;white-space:nowrap">lower. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:0px;white-space:nowrap">2. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:143.67px;letter-spacing:-2.42px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:457.34px;white-space:nowrap">return </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:836.56px;white-space:nowrap">calculations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:1558.67px;white-space:nowrap">represent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:2149.45px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:2368.36px;white-space:nowrap">cumulative </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:3032.03px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:3287.42px;white-space:nowrap">average </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:3798.05px;white-space:nowrap">annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:4228.52px;white-space:nowrap">changes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:4761.09px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:4899.69px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:5249.84px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:5395.78px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:5578.2px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:6249.22px;white-space:nowrap">over </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:6540.94px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:6759.84px;white-space:nowrap">periods </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:7226.64px;white-space:nowrap">indicated. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:7824.84px;white-space:nowrap">Return </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:8255.08px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:8444.69px;white-space:nowrap">less </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:8714.53px;white-space:nowrap">than </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:9006.41px;white-space:nowrap">one </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:9261.8px;letter-spacing:-1.2px;white-space:nowrap">year, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:9582.81px;white-space:nowrap">if </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4841.87px;left:9684.92px;letter-spacing:-1.92px;white-space:nowrap">any, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5021.87px;left:0px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5021.87px;left:248.05px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5021.87px;left:466.95px;white-space:nowrap">been </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5021.87px;left:795.31px;white-space:nowrap">annualized.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5230.67px;left:0px;white-space:nowrap">3. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5230.67px;left:138.75px;white-space:nowrap">Assumes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5230.67px;left:714.84px;white-space:nowrap">reinvestment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5230.67px;left:1502.5px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5230.67px;left:1648.44px;white-space:nowrap">distributions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5230.67px;left:2385.08px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5230.67px;left:2779.06px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5230.67px;left:2961.48px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5230.67px;left:3180.39px;white-space:nowrap">asset </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5230.67px;left:3530.55px;white-space:nowrap">value.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5439.47px;left:0px;white-space:nowrap">4. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5439.47px;left:138.75px;white-space:nowrap">Assumes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5439.47px;left:714.84px;white-space:nowrap">reinvestment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5439.47px;left:1502.5px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5439.47px;left:1648.44px;white-space:nowrap">distributions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5439.47px;left:2385.08px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5439.47px;left:2779.06px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5439.47px;left:2961.48px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5439.47px;left:3180.39px;white-space:nowrap">dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5439.47px;left:3705.63px;white-space:nowrap">reinvestment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5439.47px;left:4493.28px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5439.47px;left:4748.67px;white-space:nowrap">cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5439.47px;left:5062.34px;white-space:nowrap">purchase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5439.47px;left:5638.59px;white-space:nowrap">plan.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:0px;white-space:nowrap">5. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:145.94px;white-space:nowrap">Source: </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:634.61px;white-space:nowrap">Credit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:1021.02px;white-space:nowrap">Suisse. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:1485.55px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:1748.13px;white-space:nowrap">CS </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:1966.8px;white-space:nowrap">High </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:2270.78px;letter-spacing:-0.79px;white-space:nowrap">Yield </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:2594.22px;white-space:nowrap">Index </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:2951.72px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:3082.97px;white-space:nowrap">designed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:3652.03px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:3797.97px;white-space:nowrap">mirror </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:4176.88px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:4395.78px;white-space:nowrap">investable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:5023.13px;white-space:nowrap">universe </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:5555.55px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:5701.48px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:5920.39px;white-space:nowrap">U.S. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:6212.03px;white-space:nowrap">dollar-denominated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:7371.72px;white-space:nowrap">high-yield </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:7969.77px;white-space:nowrap">debt </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:8261.64px;white-space:nowrap">traded </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:8670.16px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:8808.75px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:9027.66px;white-space:nowrap">U.S. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5648.27px;left:9319.3px;white-space:nowrap">credit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5828.27px;left:0px;white-space:nowrap">market.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:0px;white-space:nowrap">6. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:145.94px;white-space:nowrap">Source: </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:634.61px;letter-spacing:-0.55px;white-space:nowrap">Morningstar. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:1390.86px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:1653.44px;letter-spacing:-0.57px;white-space:nowrap">S&amp;P </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:1950.16px;white-space:nowrap">500 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:2205.55px;white-space:nowrap">Utilities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:2664.84px;white-space:nowrap">Index </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:3022.34px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:3153.59px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:3591.09px;white-space:nowrap">capitalization </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:4386.17px;white-space:nowrap">weighted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:4947.81px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:5203.2px;white-space:nowrap">consists </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:5713.75px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:5859.69px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:6027.42px;white-space:nowrap">utility </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:6362.89px;white-space:nowrap">stocks </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:6771.33px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:6909.92px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:7128.83px;letter-spacing:-0.57px;white-space:nowrap">S&amp;P </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6037.07px;left:7425.55px;white-space:nowrap">500.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6245.87px;left:0px;white-space:nowrap">See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6245.87px;left:269.92px;letter-spacing:-0.19px;white-space:nowrap">www.franklintempletondatasources.com </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6245.87px;left:2618.2px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6245.87px;left:2807.81px;white-space:nowrap">additional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6245.87px;left:3406.02px;white-space:nowrap">data </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6245.87px;left:3697.89px;white-space:nowrap">provider </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6245.87px;left:4208.36px;white-space:nowrap">information.</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:379.9px;left:0px;white-space:nowrap">Symbol: </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:379.9px;left:675.63px;white-space:nowrap">FT</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:379.9px;left:6378.17px;white-space:nowrap">8/31/21</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:379.9px;left:7962.17px;white-space:nowrap">8/31/20</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:379.9px;left:9493.28px;white-space:nowrap">Change</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:699.84px;left:0px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:699.84px;left:284.61px;white-space:nowrap">Asset </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:699.84px;left:729.22px;letter-spacing:-1.98px;white-space:nowrap">Value </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:699.84px;left:1171.02px;letter-spacing:-2.37px;white-space:nowrap">(NAV)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:699.84px;left:6511.61px;white-space:nowrap">$8.92</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:699.84px;left:8095.61px;white-space:nowrap">$8.12</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:699.84px;left:9586.17px;white-space:nowrap">+$0.80</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:960.33px;left:0px;white-space:nowrap">Market </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:960.33px;left:533.44px;white-space:nowrap">Price </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:960.33px;left:942.42px;white-space:nowrap">(NYSE)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:960.33px;left:6511.61px;white-space:nowrap">$8.59</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:960.33px;left:8095.61px;white-space:nowrap">$7.00</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:960.33px;left:9586.17px;white-space:nowrap">+$1.59</div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:1473.95px;left:0px;white-space:nowrap">Distributions</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1558.61px;left:1474.96px;white-space:nowrap">(9/1/20&#8211;8/31/21)</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1964.56px;left:8933.05px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1964.56px;left:9235.31px;white-space:nowrap">Investment</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2156.56px;left:9519.84px;white-space:nowrap">Income</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2493.5px;left:9501.64px;white-space:nowrap">$0.4260</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:994.69px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1257.27px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2139.84px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2497.34px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2723.44px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2905.86px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3372.66px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3635.23px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3781.17px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4138.67px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4656.56px;white-space:nowrap">statements.</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
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			<div style="width:10080px;height:12269px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

























































































































			<div style="color:#ffffff;font-family:Arial, sans-serif;font-size:160px;position:absolute;top:313.5px;left:0px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:53.02px;left:6336.05px;letter-spacing:-1.77px;white-space:nowrap">Year </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:53.02px;left:6718.63px;white-space:nowrap">Ended </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:53.02px;left:7246.05px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:53.02px;left:7841.52px;white-space:nowrap">31,</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:313.5px;left:4718.03px;white-space:nowrap">2021</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:313.5px;left:5870.03px;white-space:nowrap">2020</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:313.5px;left:7022.03px;white-space:nowrap">2019</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:313.5px;left:8174.03px;white-space:nowrap">2018</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:313.5px;left:9326.03px;white-space:nowrap">2017</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:626.44px;left:0px;white-space:nowrap">Per </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:626.44px;left:302.42px;white-space:nowrap">share </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:626.44px;left:773.83px;white-space:nowrap">operating </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:626.44px;left:1547.19px;white-space:nowrap">performance</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:828.92px;left:0px;white-space:nowrap">(for </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:828.92px;left:284.45px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:828.92px;left:417.89px;white-space:nowrap">share </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:828.92px;left:862.58px;white-space:nowrap">outstanding </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:828.92px;left:1734.38px;white-space:nowrap">throughout </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:828.92px;left:2543.91px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:828.92px;left:2810.78px;white-space:nowrap">year)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:0px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:293.44px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:720.31px;white-space:nowrap">value, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:1191.72px;white-space:nowrap">beginning </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:1930.16px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:2108.05px;white-space:nowrap">year</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:2428.74px;letter-spacing:52.51px;white-space:nowrap">...................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:5071.61px;white-space:nowrap">$8.12</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:6223.61px;white-space:nowrap">$8.57</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:7375.61px;white-space:nowrap">$7.99</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:8527.61px;white-space:nowrap">$8.24</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1031.41px;left:9679.61px;white-space:nowrap">$7.67</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1233.89px;left:0px;white-space:nowrap">Income </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1233.89px;left:569.14px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1233.89px;left:933.59px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1233.89px;left:1751.72px;white-space:nowrap">operations:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:144px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:437.44px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:1255.56px;white-space:nowrap">income</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1439.59px;left:1771.34px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:1868.26px;letter-spacing:51.66px;white-space:nowrap">.........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:5160.59px;white-space:nowrap">0.38</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:6312.59px;white-space:nowrap">0.41</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:7464.59px;white-space:nowrap">0.38</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:8616.59px;white-space:nowrap">0.39</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1436.38px;left:9768.59px;white-space:nowrap">0.38</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:144px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:437.44px;white-space:nowrap">realized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:1042.2px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:1353.61px;white-space:nowrap">unrealized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:2136.34px;white-space:nowrap">gains </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:2563.3px;white-space:nowrap">(losses)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:3176.05px;letter-spacing:55.09px;white-space:nowrap">...........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:5160.59px;white-space:nowrap">0.85</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:6206.03px;white-space:nowrap">(0.48)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:7464.59px;white-space:nowrap">0.58</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:8510.03px;white-space:nowrap">(0.26)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1638.86px;left:9768.59px;white-space:nowrap">0.57</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:0px;letter-spacing:-2.96px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:382.42px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:746.88px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:1565px;white-space:nowrap">operations</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:2335.33px;letter-spacing:52.33px;white-space:nowrap">....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:5160.59px;white-space:nowrap">1.23</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:6206.03px;white-space:nowrap">(0.07)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:7464.59px;white-space:nowrap">0.96</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:8616.59px;white-space:nowrap">0.13</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1870.35px;left:9768.59px;white-space:nowrap">0.95</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2101.83px;left:0px;white-space:nowrap">Less </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2101.83px;left:382.42px;white-space:nowrap">distributions </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2101.83px;left:1280.63px;white-space:nowrap">from:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:144px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:437.44px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:1255.56px;white-space:nowrap">income</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:1774.85px;letter-spacing:51.55px;white-space:nowrap">..........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:5054.03px;white-space:nowrap">(0.43)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:6206.03px;white-space:nowrap">(0.38)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:7358.03px;white-space:nowrap">(0.38)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:8510.03px;white-space:nowrap">(0.38)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.32px;left:9662.03px;white-space:nowrap">(0.38)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:144px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:437.44px;white-space:nowrap">realized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:1042.2px;white-space:nowrap">gains</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:1494.61px;letter-spacing:51.29px;white-space:nowrap">.............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:5312px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:6305.56px;white-space:nowrap">(&#8212;)</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2510.01px;left:6572.12px;white-space:nowrap">b</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:7616px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:8768px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2506.8px;left:9920px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:0px;letter-spacing:-2.96px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:382.42px;white-space:nowrap">distributions</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:1307.78px;letter-spacing:51.14px;white-space:nowrap">...............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:5054.03px;white-space:nowrap">(0.43)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:6206.03px;white-space:nowrap">(0.38)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:7358.03px;white-space:nowrap">(0.38)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:8510.03px;white-space:nowrap">(0.38)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2738.28px;left:9662.03px;white-space:nowrap">(0.38)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2998.77px;left:0px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2998.77px;left:293.44px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2998.77px;left:720.31px;white-space:nowrap">value, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2998.77px;left:1191.72px;white-space:nowrap">end </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2998.77px;left:1503.13px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2998.77px;left:1681.02px;white-space:nowrap">year</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2998.77px;left:2055.09px;letter-spacing:51.89px;white-space:nowrap">.......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2998.77px;left:5071.61px;white-space:nowrap">$8.92</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2998.77px;left:6223.61px;white-space:nowrap">$8.12</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2998.77px;left:7375.61px;white-space:nowrap">$8.57</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2998.77px;left:8527.61px;white-space:nowrap">$7.99</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2998.77px;left:9679.61px;white-space:nowrap">$8.24</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3259.25px;left:0px;white-space:nowrap">Market </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3259.25px;left:533.44px;white-space:nowrap">value, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3259.25px;left:1004.84px;white-space:nowrap">end </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3259.25px;left:1316.25px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3259.25px;left:1494.14px;white-space:nowrap">year</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3262.46px;left:1805.39px;white-space:nowrap">c</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3259.25px;left:1868.26px;letter-spacing:51.66px;white-space:nowrap">.........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3259.25px;left:5071.61px;white-space:nowrap">$8.59</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3259.25px;left:6223.61px;white-space:nowrap">$7.00</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3259.25px;left:7375.61px;white-space:nowrap">$7.37</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3259.25px;left:8527.61px;white-space:nowrap">$6.77</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3259.25px;left:9679.61px;white-space:nowrap">$7.24</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3665.65px;left:0px;letter-spacing:-2.96px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3665.65px;left:382.42px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3665.65px;left:844.84px;white-space:nowrap">(based </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3665.65px;left:1378.52px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3665.65px;left:1600.94px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3665.65px;left:2134.38px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3665.65px;left:2561.33px;white-space:nowrap">per </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3665.65px;left:2837.03px;white-space:nowrap">share)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3665.65px;left:3362.87px;letter-spacing:56.45px;white-space:nowrap">.........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3665.65px;left:4929.34px;white-space:nowrap">29.55%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3665.65px;left:6170.33px;white-space:nowrap">0.25%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3665.65px;left:7233.34px;white-space:nowrap">15.02%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3665.65px;left:8367.77px;white-space:nowrap">(1.18)%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3665.65px;left:9549.22px;letter-spacing:-1.98px;white-space:nowrap">11.81%</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3955.59px;left:0px;white-space:nowrap">Ratios </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3955.59px;left:533.44px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3955.59px;left:728.91px;white-space:nowrap">average </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3955.59px;left:1378.28px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3955.59px;left:1662.73px;white-space:nowrap">assets</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4158.07px;left:0px;white-space:nowrap">Expenses </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4158.07px;left:747.11px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4158.07px;left:1245.23px;white-space:nowrap">waiver </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4158.07px;left:1752.03px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4158.07px;left:2063.44px;white-space:nowrap">payments </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4158.07px;left:2801.56px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4158.07px;left:3015px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4158.07px;left:3643.11px;letter-spacing:60.2px;white-space:nowrap">......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4158.07px;left:5018.33px;white-space:nowrap">2.50%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4158.07px;left:6170.33px;white-space:nowrap">2.49%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4158.07px;left:7322.33px;white-space:nowrap">2.45%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4158.07px;left:8474.33px;white-space:nowrap">1.98%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4158.07px;left:9626.33px;white-space:nowrap">2.00%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4360.56px;left:0px;white-space:nowrap">Expenses </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4360.56px;left:747.11px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4360.56px;left:1013.98px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4360.56px;left:1191.88px;white-space:nowrap">waiver </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4360.56px;left:1698.67px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4360.56px;left:2010.08px;white-space:nowrap">payments </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4360.56px;left:2748.2px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4360.56px;left:2961.64px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4363.77px;left:3548.59px;white-space:nowrap">d</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4360.56px;left:3643.11px;letter-spacing:60.2px;white-space:nowrap">......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4360.56px;left:4966.45px;white-space:nowrap">2.50%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4363.77px;left:5420.12px;white-space:nowrap">e</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4360.56px;left:6118.45px;white-space:nowrap">2.49%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4363.77px;left:6572.12px;white-space:nowrap">e</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4360.56px;left:7322.33px;white-space:nowrap">2.44%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4360.56px;left:8422.45px;white-space:nowrap">1.98%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4363.77px;left:8876.12px;white-space:nowrap">e</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4360.56px;left:9626.33px;white-space:nowrap">1.99%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4563.04px;left:0px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4563.04px;left:293.44px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4563.04px;left:1111.56px;white-space:nowrap">income</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4563.04px;left:1681.44px;letter-spacing:51.46px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4563.04px;left:5018.33px;white-space:nowrap">4.38%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4563.04px;left:6170.33px;white-space:nowrap">5.01%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4563.04px;left:7322.33px;white-space:nowrap">4.69%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4563.04px;left:8474.33px;white-space:nowrap">4.91%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4563.04px;left:9626.33px;white-space:nowrap">4.81%</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4852.98px;left:0px;white-space:nowrap">Supplemental </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4852.98px;left:1093.52px;white-space:nowrap">data</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5055.47px;left:0px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5055.47px;left:293.44px;white-space:nowrap">assets, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5055.47px;left:844.77px;white-space:nowrap">end </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5055.47px;left:1156.17px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5055.47px;left:1334.06px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5055.47px;left:1689.77px;letter-spacing:-0.41px;white-space:nowrap">(000&#8217;s)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5055.47px;left:2241.91px;letter-spacing:52.17px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5055.47px;left:4804.66px;white-space:nowrap">$224,246</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5055.47px;left:5956.66px;white-space:nowrap">$204,094</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5055.47px;left:7108.66px;white-space:nowrap">$215,292</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5055.47px;left:8260.66px;white-space:nowrap">$200,796</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5055.47px;left:9412.66px;white-space:nowrap">$206,965</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5257.95px;left:0px;white-space:nowrap">Portfolio </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5257.95px;left:631.41px;white-space:nowrap">turnover </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5257.95px;left:1262.81px;white-space:nowrap">rate</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5257.95px;left:1588.02px;letter-spacing:51.37px;white-space:nowrap">............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5257.95px;left:4929.34px;white-space:nowrap">36.58%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5257.95px;left:6081.34px;white-space:nowrap">35.26%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5257.95px;left:7233.34px;white-space:nowrap">21.70%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5257.95px;left:8385.34px;white-space:nowrap">22.96%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5257.95px;left:9537.34px;white-space:nowrap">23.25%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5460.44px;left:0px;letter-spacing:-2.96px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5460.44px;left:382.42px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5460.44px;left:738.28px;white-space:nowrap">outstanding </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5460.44px;left:1610.08px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5460.44px;left:1787.97px;white-space:nowrap">end </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5460.44px;left:2099.38px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5460.44px;left:2277.27px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5460.44px;left:2632.97px;white-space:nowrap">(000&#39;s)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5460.44px;left:3176.05px;letter-spacing:55.09px;white-space:nowrap">...........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5460.44px;left:4893.64px;white-space:nowrap">$65,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5460.44px;left:6045.64px;white-space:nowrap">$65,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5460.44px;left:7197.64px;white-space:nowrap">$65,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5460.44px;left:8349.64px;white-space:nowrap">$65,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5460.44px;left:9501.64px;white-space:nowrap">$60,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.92px;left:0px;white-space:nowrap">Asset </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.92px;left:444.61px;white-space:nowrap">coverage </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.92px;left:1147.27px;white-space:nowrap">per </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.92px;left:1422.97px;white-space:nowrap">$1,000 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.92px;left:1956.8px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.92px;left:2134.69px;white-space:nowrap">debt</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.92px;left:2522.15px;letter-spacing:52.71px;white-space:nowrap">..................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.92px;left:4982.62px;white-space:nowrap">$4,450</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.92px;left:6134.62px;white-space:nowrap">$4,140</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.92px;left:7286.62px;white-space:nowrap">$4,312</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.92px;left:8438.62px;white-space:nowrap">$4,089</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.92px;left:9590.62px;white-space:nowrap">$4,449</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5865.41px;left:0px;letter-spacing:-0.36px;white-space:nowrap">Average </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5865.41px;left:637.5px;white-space:nowrap">amount </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5865.41px;left:1215.63px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5865.41px;left:1393.52px;white-space:nowrap">senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5865.41px;left:1873.75px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5865.41px;left:2193.91px;text-rendering:optimizeLegibility;white-space:nowrap">fixed </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5865.41px;left:2576.33px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5865.41px;left:3038.75px;white-space:nowrap">per </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5865.41px;left:3314.45px;white-space:nowrap">share </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5865.41px;left:3759.14px;white-space:nowrap">during </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6057.41px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6057.41px;left:266.88px;white-space:nowrap">year</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6057.41px;left:653.89px;letter-spacing:50.73px;white-space:nowrap">......................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6057.41px;left:5071.61px;white-space:nowrap">$2.59</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6057.41px;left:6223.61px;white-space:nowrap">$2.59</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6057.41px;left:7375.61px;white-space:nowrap">$2.59</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6057.41px;left:8527.61px;white-space:nowrap">$2.39</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6057.41px;left:9679.61px;white-space:nowrap">$2.39</div></div>
		</div>
		<div style="height:54px;left:36px;position:absolute;top:671px;width:503px">
			<div style="width:10080px;height:982px;position:absolute;top:1.86px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">





			<div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:22.81px;left:0px;white-space:nowrap">a</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:42.54px;white-space:nowrap">Based</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:451.06px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:633.48px;white-space:nowrap">average </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:1144.1px;white-space:nowrap">daily </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:1450.43px;white-space:nowrap">shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:18.59px;left:1880.74px;white-space:nowrap">outstanding.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:219.3px;left:0px;white-space:nowrap">b</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:42.54px;white-space:nowrap">Amount</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:531.21px;white-space:nowrap">rounds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:968.87px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:1114.81px;white-space:nowrap">less </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:1384.65px;white-space:nowrap">than </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:1676.52px;white-space:nowrap">$0.01 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:2041.37px;white-space:nowrap">per </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:215.08px;left:2267.46px;white-space:nowrap">share.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:415.78px;left:0px;white-space:nowrap">c</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:38.26px;white-space:nowrap">Based</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:446.77px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:629.2px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:848.1px;white-space:nowrap">last </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:1088.81px;white-space:nowrap">sale </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:1365.99px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:1548.42px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:1767.32px;white-space:nowrap">New </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:2063.88px;letter-spacing:-2.41px;white-space:nowrap">York </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:2358.1px;white-space:nowrap">Stock </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:411.56px;left:2722.79px;white-space:nowrap">Exchange.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:612.27px;left:0px;white-space:nowrap">d</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:608.05px;left:42.54px;text-rendering:optimizeLegibility;white-space:nowrap">Benefit</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:608.05px;left:487.54px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:608.05px;left:633.48px;white-space:nowrap">expense </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:608.05px;left:1166.06px;white-space:nowrap">reduction </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:608.05px;left:1742.31px;white-space:nowrap">rounds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:608.05px;left:2179.96px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:608.05px;left:2325.9px;white-space:nowrap">less </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:608.05px;left:2595.74px;white-space:nowrap">than </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:608.05px;left:2887.62px;white-space:nowrap">0.01%.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:808.75px;left:0px;white-space:nowrap">e</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:804.53px;left:42.54px;text-rendering:optimizeLegibility;white-space:nowrap">Benefit</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:804.53px;left:487.54px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:804.53px;left:633.48px;white-space:nowrap">waiver </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:804.53px;left:1049.02px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:804.53px;left:1304.42px;white-space:nowrap">payments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:804.53px;left:1909.81px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:804.53px;left:2084.88px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:804.53px;left:2602.77px;white-space:nowrap">rounds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:804.53px;left:3040.43px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:804.53px;left:3186.37px;white-space:nowrap">less </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:804.53px;left:3456.21px;white-space:nowrap">than </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:804.53px;left:3748.09px;white-space:nowrap">0.01%.</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Statement </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1257.34px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1546.42px;white-space:nowrap">Investments, </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3078.23px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3959.92px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:4393.59px;white-space:nowrap">2021</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3857.28px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4119.86px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5002.43px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5359.93px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5586.03px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5768.45px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6235.25px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6497.83px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6643.76px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7001.26px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7519.15px;white-space:nowrap">statements.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8353.45px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8798.45px;white-space:nowrap">Report</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:644.15px;white-space:nowrap">9</div></div>
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		<div style="background-image:url(data:image/png;base64,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			<div style="width:10080px;height:12269px;position:absolute;top:1.32px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">


































































































































































































			<div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:88.75px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:88.75px;left:432px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:6010.72px;white-space:nowrap">Country</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:7530.33px;white-space:nowrap">Shares</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:88.75px;left:8451.51px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:234.11px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:234.11px;left:432px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:234.11px;left:6612.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:234.11px;left:8052.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:234.11px;left:8484.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:234.11px;left:10068.88px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:307.31px;left:432px;white-space:nowrap">Common </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:307.31px;left:1354.17px;white-space:nowrap">Stocks </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:307.31px;left:2065.59px;white-space:nowrap">42.7%</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:552.23px;left:432px;white-space:nowrap">Electric </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:552.23px;left:1054.58px;white-space:nowrap">Utilities </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:552.23px;left:1676.92px;white-space:nowrap">23.6%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:432px;white-space:nowrap">Alliant </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:912.23px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:1463.64px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:1926.61px;letter-spacing:51.33px;white-space:nowrap">...................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:7574.63px;white-space:nowrap">80,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:9279.22px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:9368.2px;white-space:nowrap">4,863,200</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:432px;white-space:nowrap">American </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:1152.23px;white-space:nowrap">Electric </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:1721.22px;white-space:nowrap">Power </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:2219.19px;white-space:nowrap">Co., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:2557.08px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:2860.74px;letter-spacing:52.28px;white-space:nowrap">.........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:7574.63px;white-space:nowrap">65,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:9368.2px;white-space:nowrap">5,822,050</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:432px;white-space:nowrap">Duke </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:849.97px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:1401.38px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:1833.2px;letter-spacing:51.26px;white-space:nowrap">....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:7574.63px;white-space:nowrap">46,060</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:9368.2px;white-space:nowrap">4,820,640</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:432px;white-space:nowrap">Edison </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:965.67px;white-space:nowrap">International</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:1926.61px;letter-spacing:51.33px;white-space:nowrap">...................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:7574.63px;white-space:nowrap">36,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:9368.2px;white-space:nowrap">2,082,240</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:432px;white-space:nowrap">Entergy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:1027.86px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:1459.54px;letter-spacing:51.03px;white-space:nowrap">........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:7574.63px;white-space:nowrap">30,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:9368.2px;white-space:nowrap">3,318,300</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1731.13px;left:432px;letter-spacing:-1.98px;white-space:nowrap">Evergy</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1731.13px;left:918.09px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1731.13px;left:1007px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1731.13px;left:1272.72px;letter-spacing:50.94px;white-space:nowrap">..........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1731.13px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1731.13px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1731.13px;left:7574.63px;white-space:nowrap">80,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1731.13px;left:9368.2px;white-space:nowrap">5,476,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1927.62px;left:432px;white-space:nowrap">Exelon </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1927.62px;left:965.67px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1927.62px;left:1366.13px;letter-spacing:50.98px;white-space:nowrap">.........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1927.62px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1927.62px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1927.62px;left:7574.63px;white-space:nowrap">80,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1927.62px;left:9368.2px;white-space:nowrap">3,921,600</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2124.1px;left:432px;white-space:nowrap">FirstEnergy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2124.1px;left:1294.42px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2124.1px;left:1739.78px;letter-spacing:51.2px;white-space:nowrap">.....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2124.1px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2124.1px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2124.1px;left:7574.63px;white-space:nowrap">40,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2124.1px;left:9368.2px;white-space:nowrap">1,554,800</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2320.59px;left:432px;white-space:nowrap">NextEra </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2320.59px;left:1054.42px;letter-spacing:-1.48px;white-space:nowrap">Energy, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2320.59px;left:1638.41px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2320.59px;left:1926.61px;letter-spacing:51.33px;white-space:nowrap">...................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2320.59px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2320.59px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2320.59px;left:7485.64px;white-space:nowrap">120,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2320.59px;left:9279.22px;white-space:nowrap">10,078,805</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2517.07px;left:432px;white-space:nowrap">Pinnacle </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2517.07px;left:1090.2px;letter-spacing:-0.58px;white-space:nowrap">West </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2517.07px;left:1496.22px;white-space:nowrap">Capital </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2517.07px;left:2038.72px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2517.07px;left:2487.09px;letter-spacing:51.82px;white-space:nowrap">.............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2517.07px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2517.07px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2517.07px;left:7574.63px;white-space:nowrap">30,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2517.07px;left:9368.2px;white-space:nowrap">2,307,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2713.55px;left:432px;letter-spacing:-1.48px;white-space:nowrap">PPL </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2713.55px;left:772.94px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2713.55px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2713.55px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2713.55px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2713.55px;left:7574.63px;white-space:nowrap">24,500</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2713.55px;left:9501.64px;white-space:nowrap">719,075</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2910.04px;left:432px;white-space:nowrap">Southern </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2910.04px;left:1125.83px;white-space:nowrap">Co. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2910.04px;left:1419.27px;white-space:nowrap">(The)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2910.04px;left:1833.2px;letter-spacing:51.26px;white-space:nowrap">....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2910.04px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2910.04px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2910.04px;left:7574.63px;white-space:nowrap">60,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2910.04px;left:9368.2px;white-space:nowrap">3,943,800</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3106.52px;left:432px;white-space:nowrap">Xcel </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3106.52px;left:787.7px;letter-spacing:-1.48px;white-space:nowrap">Energy, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3106.52px;left:1371.69px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3106.52px;left:1646.37px;letter-spacing:51.14px;white-space:nowrap">......................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3106.52px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3106.52px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3106.52px;left:7574.63px;white-space:nowrap">60,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3106.52px;left:9368.2px;white-space:nowrap">4,125,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3390.29px;left:9279.22px;white-space:nowrap">53,032,510</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3688.61px;left:432px;white-space:nowrap">Machinery </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3688.61px;left:1267.86px;white-space:nowrap">0.2%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3888.31px;left:380.12px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3885.1px;left:432px;white-space:nowrap">Birch </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3885.1px;left:840.98px;white-space:nowrap">Permian </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3885.1px;left:1481.22px;white-space:nowrap">Holdings, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3885.1px;left:2192.7px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3885.1px;left:2487.09px;letter-spacing:51.82px;white-space:nowrap">.............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3885.1px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3885.1px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3885.1px;left:7663.61px;white-space:nowrap">3,694</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3885.1px;left:9590.63px;white-space:nowrap">55,410</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4084.79px;left:380.12px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4081.58px;left:432px;white-space:nowrap">Birch </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4081.58px;left:840.98px;white-space:nowrap">Permian </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4081.58px;left:1481.22px;white-space:nowrap">Holdings, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4081.58px;left:2192.7px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4081.58px;left:2487.09px;letter-spacing:51.82px;white-space:nowrap">.............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4081.58px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4081.58px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4081.58px;left:7574.63px;white-space:nowrap">28,796</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4081.58px;left:9501.64px;white-space:nowrap">428,340</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4365.35px;left:9501.64px;white-space:nowrap">483,750</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4663.67px;left:432px;white-space:nowrap">Metals </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4663.67px;left:974.42px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4663.67px;left:1134.42px;white-space:nowrap">Mining </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4663.67px;left:1694.27px;white-space:nowrap">2.1%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4860.16px;left:432px;letter-spacing:-0.72px;white-space:nowrap">BHP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4860.16px;left:802.55px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4860.16px;left:1291.69px;white-space:nowrap">plc, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4860.16px;left:1576.3px;white-space:nowrap">ADR</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4860.16px;left:1926.61px;letter-spacing:51.33px;white-space:nowrap">...................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4860.16px;left:6001.5px;white-space:nowrap">Australia</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4860.16px;left:7574.63px;white-space:nowrap">25,185</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4860.16px;left:9368.2px;white-space:nowrap">1,577,589</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5056.64px;left:432px;white-space:nowrap">Freeport-McMoRan, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5056.64px;left:1907.94px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5056.64px;left:2206.85px;letter-spacing:51.55px;white-space:nowrap">................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5056.64px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5056.64px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5056.64px;left:7574.63px;white-space:nowrap">80,380</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5056.64px;left:9368.2px;white-space:nowrap">2,925,028</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5256.34px;left:380.12px;white-space:nowrap">b</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5253.13px;left:432px;white-space:nowrap">South32 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5253.13px;left:1072.55px;white-space:nowrap">Ltd., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5253.13px;left:1419.5px;white-space:nowrap">ADR</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5253.13px;left:1833.2px;letter-spacing:51.26px;white-space:nowrap">....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5253.13px;left:6001.5px;white-space:nowrap">Australia</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5253.13px;left:7574.63px;white-space:nowrap">10,074</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5253.13px;left:9513.52px;letter-spacing:-1.7px;white-space:nowrap">115,851</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5536.89px;left:9368.2px;white-space:nowrap">4,618,468</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5835.21px;left:432px;white-space:nowrap">Multi-Utilities </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5835.21px;left:1480.83px;white-space:nowrap">15.3%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6031.7px;left:432px;white-space:nowrap">CenterPoint </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6031.7px;left:1321.38px;letter-spacing:-1.48px;white-space:nowrap">Energy, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6031.7px;left:1905.36px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6031.7px;left:2206.85px;letter-spacing:51.55px;white-space:nowrap">................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6031.7px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6031.7px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6031.7px;left:7485.64px;white-space:nowrap">122,800</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6031.7px;left:9368.2px;white-space:nowrap">3,081,052</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6228.18px;left:432px;white-space:nowrap">CMS </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6228.18px;left:832px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6228.18px;left:1383.41px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6228.18px;left:1833.2px;letter-spacing:51.26px;white-space:nowrap">....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6228.18px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6228.18px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6228.18px;left:7574.63px;white-space:nowrap">90,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6228.18px;left:9368.2px;white-space:nowrap">5,771,700</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6424.67px;left:432px;white-space:nowrap">Consolidated </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6424.67px;left:1410.44px;white-space:nowrap">Edison, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6424.67px;left:1988.56px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6424.67px;left:2300.26px;letter-spacing:51.64px;white-space:nowrap">...............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6424.67px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6424.67px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6424.67px;left:7574.63px;white-space:nowrap">40,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6424.67px;left:9368.2px;white-space:nowrap">3,018,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6621.15px;left:432px;white-space:nowrap">Dominion </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6621.15px;left:1152.31px;letter-spacing:-1.48px;white-space:nowrap">Energy, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6621.15px;left:1736.3px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6621.15px;left:2020.02px;letter-spacing:51.4px;white-space:nowrap">..................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6621.15px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6621.15px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6621.15px;left:7574.63px;white-space:nowrap">67,200</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6621.15px;left:9368.2px;white-space:nowrap">5,230,848</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6817.64px;left:432px;white-space:nowrap">DTE </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6817.64px;left:796.45px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6817.64px;left:1347.86px;white-space:nowrap">Co.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6817.64px;left:1646.37px;letter-spacing:51.14px;white-space:nowrap">......................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6817.64px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6817.64px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6817.64px;left:7574.63px;white-space:nowrap">30,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6817.64px;left:9368.2px;white-space:nowrap">3,610,200</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7014.12px;left:432px;white-space:nowrap">NiSource, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7014.12px;left:1178.95px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7014.12px;left:1459.54px;letter-spacing:51.03px;white-space:nowrap">........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7014.12px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7014.12px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7014.12px;left:7574.63px;white-space:nowrap">60,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7014.12px;left:9368.2px;white-space:nowrap">1,479,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7210.61px;left:432px;white-space:nowrap">Public </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7210.61px;left:912.23px;white-space:nowrap">Service </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7210.61px;left:1490.2px;white-space:nowrap">Enterprise </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7210.61px;left:2263.88px;white-space:nowrap">Group, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7210.61px;left:2797.47px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7210.61px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7210.61px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7210.61px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7210.61px;left:7574.63px;white-space:nowrap">45,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7210.61px;left:9368.2px;white-space:nowrap">2,877,300</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7407.09px;left:432px;white-space:nowrap">Sempra </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7407.09px;left:1036.69px;white-space:nowrap">Energy</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7407.09px;left:1552.96px;letter-spacing:51.09px;white-space:nowrap">.......................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7407.09px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7407.09px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7407.09px;left:7574.63px;white-space:nowrap">45,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7407.09px;left:9368.2px;white-space:nowrap">5,956,200</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7603.57px;left:432px;white-space:nowrap">WEC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7603.57px;left:849.73px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7603.57px;left:1401.14px;white-space:nowrap">Group, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7603.57px;left:1934.73px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7603.57px;left:2206.85px;letter-spacing:51.55px;white-space:nowrap">................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7603.57px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7603.57px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7603.57px;left:7574.63px;white-space:nowrap">35,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7603.57px;left:9368.2px;white-space:nowrap">3,306,800</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7887.34px;left:9279.22px;white-space:nowrap">34,331,100</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8185.66px;left:432px;white-space:nowrap">Oil, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8185.66px;left:734.27px;white-space:nowrap">Gas </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8185.66px;left:1081.14px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8185.66px;left:1241.14px;white-space:nowrap">Consumable </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8185.66px;left:2245.75px;white-space:nowrap">Fuels </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8185.66px;left:2708.09px;white-space:nowrap">1.5%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8385.36px;left:380.12px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8382.15px;left:432px;white-space:nowrap">Amplify </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8382.15px;left:1000.98px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8382.15px;left:1552.39px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8382.15px;left:2020.02px;letter-spacing:51.4px;white-space:nowrap">..................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8382.15px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8382.15px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8382.15px;left:7797.05px;white-space:nowrap">245</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8382.15px;left:9813.05px;white-space:nowrap">897</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8578.63px;left:432px;white-space:nowrap">Bonanza </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8578.63px;left:1108.09px;white-space:nowrap">Creek </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8578.63px;left:1579.34px;letter-spacing:-1.48px;white-space:nowrap">Energy, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8578.63px;left:2163.33px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8578.63px;left:2487.09px;letter-spacing:51.82px;white-space:nowrap">.............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8578.63px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8578.63px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8578.63px;left:7574.63px;white-space:nowrap">18,598</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8578.63px;left:9501.64px;white-space:nowrap">723,090</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8778.33px;left:380.12px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8775.12px;left:432px;white-space:nowrap">California </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8775.12px;left:1152.31px;white-space:nowrap">Resources </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8775.12px;left:1961.53px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8775.12px;left:2393.68px;letter-spacing:51.73px;white-space:nowrap">..............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8775.12px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8775.12px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8775.12px;left:7886.03px;white-space:nowrap">27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8775.12px;left:9813.05px;white-space:nowrap">924</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8971.6px;left:432px;white-space:nowrap">Chesapeake </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8971.6px;left:1374.89px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8971.6px;left:1926.3px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8971.6px;left:2393.68px;letter-spacing:51.73px;white-space:nowrap">..............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8971.6px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8971.6px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8971.6px;left:7797.05px;white-space:nowrap">588</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8971.6px;left:9590.63px;white-space:nowrap">32,816</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9171.3px;left:380.12px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9168.09px;left:432px;letter-spacing:-0.96px;white-space:nowrap">DT </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9168.09px;left:686.84px;white-space:nowrap">Midstream, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9168.09px;left:1522.55px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9168.09px;left:1833.2px;letter-spacing:51.26px;white-space:nowrap">....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9168.09px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9168.09px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9168.09px;left:7574.63px;white-space:nowrap">15,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9168.09px;left:9501.64px;white-space:nowrap">697,050</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9364.57px;left:432px;white-space:nowrap">Enbridge, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9364.57px;left:1161.38px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9364.57px;left:1459.54px;letter-spacing:51.03px;white-space:nowrap">........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9364.57px;left:6063.53px;white-space:nowrap">Canada</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9364.57px;left:7574.63px;white-space:nowrap">39,360</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9364.57px;left:9368.2px;white-space:nowrap">1,547,242</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9564.27px;left:380.12px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9561.05px;left:432px;white-space:nowrap">Goodrich </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9561.05px;left:1125.67px;white-space:nowrap">Petroleum </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9561.05px;left:1899.34px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9561.05px;left:2300.26px;letter-spacing:51.64px;white-space:nowrap">...............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9561.05px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9561.05px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9561.05px;left:7574.63px;white-space:nowrap">19,379</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9561.05px;left:9501.64px;white-space:nowrap">314,909</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9760.75px;left:307.57px;white-space:nowrap">a,c</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9757.54px;left:432px;white-space:nowrap">Riviera </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9757.54px;left:974.34px;white-space:nowrap">Resources, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9757.54px;left:1828.02px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9757.54px;left:2113.44px;letter-spacing:51.47px;white-space:nowrap">.................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9757.54px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9757.54px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9757.54px;left:7663.61px;white-space:nowrap">5,042</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9757.54px;left:9679.61px;white-space:nowrap">1,302</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10041.3px;left:9368.2px;white-space:nowrap">3,318,230</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:10320.32px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:10320.32px;left:950.46px;white-space:nowrap">Common </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:10320.32px;left:1872.63px;white-space:nowrap">Stocks </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:10320.32px;left:2584.05px;white-space:nowrap">(Cost </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:10320.32px;left:3150.65px;white-space:nowrap">$38,409,075)</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:10320.32px;left:4405.52px;letter-spacing:50.79px;white-space:nowrap">......................................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10354.19px;left:9279.22px;white-space:nowrap">95,784,058</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:10834.76px;left:432px;white-space:nowrap">Preferred </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:10834.76px;left:1376.92px;white-space:nowrap">Stocks </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:10834.76px;left:2088.35px;white-space:nowrap">0.3%</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11079.67px;left:432px;white-space:nowrap">Electric </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11079.67px;left:1054.58px;white-space:nowrap">Utilities </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11079.67px;left:1676.92px;white-space:nowrap">0.3%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11276.16px;left:432px;white-space:nowrap">SCE </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11276.16px;left:802.55px;letter-spacing:-0.99px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11276.16px;left:1205.52px;white-space:nowrap">II, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11276.16px;left:1383.33px;white-space:nowrap">5.1%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11276.16px;left:1833.2px;letter-spacing:51.26px;white-space:nowrap">....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11276.16px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11276.16px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11276.16px;left:7574.63px;white-space:nowrap">27,500</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11276.16px;left:9501.64px;white-space:nowrap">687,775</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:11555.18px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:11555.18px;left:950.46px;white-space:nowrap">Preferred </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:11555.18px;left:1895.38px;white-space:nowrap">Stocks </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:11555.18px;left:2606.8px;white-space:nowrap">(Cost </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:11555.18px;left:3173.41px;white-space:nowrap">$598,125)</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:11555.18px;left:4091.82px;letter-spacing:50.66px;white-space:nowrap">.........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11589.04px;left:9501.64px;white-space:nowrap">687,775</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1028.91px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1291.48px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2174.06px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2531.56px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2757.66px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2940.08px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3406.88px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3669.45px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3815.39px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4172.89px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4690.78px;white-space:nowrap">statements.</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="background-image:url(data:image/png;base64,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			<div style="width:10080px;height:12258px;position:absolute;top:1.32px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">


































































































































































			<div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:88.75px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:88.75px;left:432px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:6010.72px;white-space:nowrap">Country</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:7376.42px;letter-spacing:-0.74px;white-space:nowrap">Warrants</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:88.75px;left:8451.51px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:234.11px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:234.11px;left:432px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:234.11px;left:6612.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:234.11px;left:8052.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:234.11px;left:8484.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:234.11px;left:10068.88px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:307.31px;left:432px;letter-spacing:-0.57px;white-space:nowrap">Warrants </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:307.31px;left:1347.04px;white-space:nowrap">0.0%</div><div style="font-family:Arial, sans-serif;font-size:116.6px;font-weight:bold;position:absolute;top:311.33px;left:1802.9px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:552.23px;left:432px;white-space:nowrap">Oil, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:552.23px;left:734.27px;white-space:nowrap">Gas </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:552.23px;left:1081.14px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:552.23px;left:1241.14px;white-space:nowrap">Consumable </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:552.23px;left:2245.75px;white-space:nowrap">Fuels </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:552.23px;left:2708.09px;white-space:nowrap">0.0%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:555.44px;left:3072.78px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:751.92px;left:307.57px;white-space:nowrap">a,c</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:432px;white-space:nowrap">Battalion </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:1099.11px;white-space:nowrap">Oil </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:1339.11px;white-space:nowrap">Corp., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:1810.44px;white-space:nowrap">A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:2006.06px;white-space:nowrap">10/08/22</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:2673.91px;letter-spacing:52.03px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:7797.05px;white-space:nowrap">583</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:9813.05px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:748.71px;left:9902.03px;white-space:nowrap">62</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:948.41px;left:307.57px;white-space:nowrap">a,c</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:432px;white-space:nowrap">Battalion </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:1099.11px;white-space:nowrap">Oil </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:1339.11px;white-space:nowrap">Corp., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:1819.27px;white-space:nowrap">B, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:2014.89px;white-space:nowrap">10/08/22</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:2673.91px;letter-spacing:52.03px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:7797.05px;white-space:nowrap">728</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:945.2px;left:9902.03px;white-space:nowrap">41</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1144.89px;left:307.57px;white-space:nowrap">a,c</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:432px;white-space:nowrap">Battalion </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:1099.11px;white-space:nowrap">Oil </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:1339.11px;white-space:nowrap">Corp., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:1819.27px;white-space:nowrap">C, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:2023.72px;white-space:nowrap">10/08/22</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:2673.91px;letter-spacing:52.03px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:7797.05px;white-space:nowrap">937</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1141.68px;left:9902.03px;white-space:nowrap">22</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1341.37px;left:380.12px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:432px;white-space:nowrap">California </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:1152.31px;white-space:nowrap">Resources </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:1961.53px;white-space:nowrap">Corp., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:2441.69px;white-space:nowrap">10/27/24</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:7886.03px;white-space:nowrap">64</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1338.16px;left:9813.05px;white-space:nowrap">487</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1537.86px;left:380.12px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:432px;white-space:nowrap">Chesapeake </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:1374.89px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:1926.3px;white-space:nowrap">Corp., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:2406.45px;white-space:nowrap">2/09/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:2954.15px;letter-spacing:52.42px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:7663.61px;white-space:nowrap">1,109</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1534.65px;left:9590.63px;white-space:nowrap">26,150</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1818.41px;left:9590.63px;white-space:nowrap">26,762</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2116.74px;left:432px;white-space:nowrap">Paper </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2116.74px;left:921.14px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2116.74px;left:1081.14px;white-space:nowrap">Forest </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2116.74px;left:1614.58px;white-space:nowrap">Products </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2116.74px;left:2352.47px;white-space:nowrap">0.0%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:2119.95px;left:2717.16px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2316.43px;left:380.12px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2313.22px;left:432px;letter-spacing:-1.47px;white-space:nowrap">Verso </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2313.22px;left:885.59px;white-space:nowrap">Corp., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2313.22px;left:1365.75px;white-space:nowrap">7/25/23</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2313.22px;left:1926.61px;letter-spacing:51.33px;white-space:nowrap">...................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2313.22px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2313.22px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2313.22px;left:7797.05px;white-space:nowrap">350</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2313.22px;left:9679.61px;white-space:nowrap">1,400</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2592.24px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2592.24px;left:950.46px;letter-spacing:-0.82px;white-space:nowrap">Warrants </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2592.24px;left:1865.5px;white-space:nowrap">(Cost </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2592.24px;left:2432.1px;white-space:nowrap">$602,519)</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2592.24px;left:3359.86px;letter-spacing:50.42px;white-space:nowrap">................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2626.11px;left:9590.63px;white-space:nowrap">28,162</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2991.33px;left:7388.22px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3183.33px;left:7423.4px;white-space:nowrap">Amount</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:3186.54px;left:8027.7px;white-space:nowrap">*</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3435.12px;left:432px;white-space:nowrap">Convertible </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3435.12px;left:1587.76px;white-space:nowrap">Bonds </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3435.12px;left:2265.5px;white-space:nowrap">0.0%</div><div style="font-family:Arial, sans-serif;font-size:116.6px;font-weight:bold;position:absolute;top:3439.13px;left:2721.36px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3680.03px;left:432px;letter-spacing:-0.16px;white-space:nowrap">Wireless </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3680.03px;left:1133.17px;letter-spacing:-0.66px;white-space:nowrap">Telecommunication </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3680.03px;left:2668.25px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3680.03px;left:3371.06px;white-space:nowrap">0.0%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:3683.24px;left:3735.75px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3879.72px;left:250.5px;white-space:nowrap">d,e,f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:432px;white-space:nowrap">Digicel</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:956.61px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:1445.75px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:2112.78px;white-space:nowrap">Ltd.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:2379.66px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:2468.56px;white-space:nowrap">Sub. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:2842.16px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:3215.83px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:3304.73px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:3767.31px;white-space:nowrap">PIK, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:4114.11px;white-space:nowrap">7</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:4203.09px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:4345.36px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:4434.27px;white-space:nowrap">Perpetual</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:5974.78px;white-space:nowrap">Bermuda</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:7574.63px;white-space:nowrap">24,428</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3876.51px;left:9590.63px;white-space:nowrap">18,510</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4155.53px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4155.53px;left:950.46px;white-space:nowrap">Convertible </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4155.53px;left:2106.22px;white-space:nowrap">Bonds</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4155.53px;left:2783.95px;white-space:nowrap">(Cost </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4155.53px;left:3350.55px;white-space:nowrap">$5,227)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;position:absolute;top:4155.53px;left:4091.82px;letter-spacing:50.66px;white-space:nowrap">.........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4189.4px;left:9590.63px;white-space:nowrap">18,510</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4549.87px;left:432px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4549.87px;left:1443.23px;white-space:nowrap">Bonds </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4549.87px;left:2120.96px;white-space:nowrap">78.4%</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4794.78px;left:432px;white-space:nowrap">Airlines </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4794.78px;left:1063.33px;white-space:nowrap">1.0%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4994.48px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4991.27px;left:432px;white-space:nowrap">American </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4991.27px;left:1143.41px;white-space:nowrap">Airlines </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4991.27px;left:1712.47px;white-space:nowrap">Inc</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4991.27px;left:1925.91px;white-space:nowrap">/</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4991.27px;left:1970.36px;white-space:nowrap">AAdvantage</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4991.27px;left:2886.61px;white-space:nowrap">Loyalty </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4991.27px;left:3438.02px;letter-spacing:-0.96px;white-space:nowrap">IP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4991.27px;left:3630.75px;white-space:nowrap">Ltd.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4991.27px;left:3897.63px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4991.27px;left:3986.53px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4991.27px;left:4493.48px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5183.27px;left:576px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5183.27px;left:913.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5183.27px;left:1002.88px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5183.27px;left:1465.45px;white-space:nowrap">5.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5183.27px;left:1687.88px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5183.27px;left:1830.14px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5183.27px;left:1919.05px;white-space:nowrap">4/20/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5183.27px;left:2487.09px;letter-spacing:51.82px;white-space:nowrap">.............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5183.27px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5183.27px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5183.27px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5183.27px;left:9501.64px;white-space:nowrap">738,675</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5382.96px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5379.75px;left:432px;white-space:nowrap">Delta </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5379.75px;left:841.14px;white-space:nowrap">Air </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5379.75px;left:1081.14px;white-space:nowrap">Lines, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5379.75px;left:1552.55px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5379.75px;left:1854.89px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5379.75px;left:1943.8px;white-space:nowrap">SkyMiles</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5379.75px;left:2628.33px;letter-spacing:-0.96px;white-space:nowrap">IP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5379.75px;left:2821.06px;white-space:nowrap">Ltd.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5379.75px;left:3087.94px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5379.75px;left:3176.84px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5379.75px;left:3683.8px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5379.75px;left:4324.19px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5379.75px;left:4662.16px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5379.75px;left:4751.06px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5571.75px;left:576px;white-space:nowrap">4.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5571.75px;left:887.41px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5571.75px;left:1029.67px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5571.75px;left:1118.58px;white-space:nowrap">10/20/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5571.75px;left:1741.39px;letter-spacing:51.2px;white-space:nowrap">.....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5571.75px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5571.75px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5571.75px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5571.75px;left:9380.08px;letter-spacing:-1.32px;white-space:nowrap">1,115,714</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5771.45px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5782.8px;left:432px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5782.8px;left:930.13px;white-space:nowrap">Airlines, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5782.8px;left:1543.64px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5782.8px;left:1801.53px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5979.28px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5979.28px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5979.28px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5979.28px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5979.28px;left:2612.8px;white-space:nowrap">4.375%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5979.28px;left:3244.36px;white-space:nowrap">4/15/26 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5979.28px;left:3888.29px;letter-spacing:54.89px;white-space:nowrap">..............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5979.28px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5979.28px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5979.28px;left:7485.64px;white-space:nowrap">100,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5979.28px;left:9501.64px;white-space:nowrap">103,938</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6175.77px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6175.77px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6175.77px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6175.77px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6175.77px;left:2612.8px;white-space:nowrap">4.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6175.77px;left:3244.36px;white-space:nowrap">4/15/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6175.77px;left:3888.29px;letter-spacing:54.89px;white-space:nowrap">..............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6175.77px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6175.77px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6175.77px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6175.77px;left:9513.52px;letter-spacing:-1.7px;white-space:nowrap">311,632</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6459.53px;left:9368.2px;white-space:nowrap">2,269,959</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6757.86px;left:432px;white-space:nowrap">Auto </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6757.86px;left:840.75px;white-space:nowrap">Components </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6757.86px;left:1862.94px;white-space:nowrap">2.5%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6957.55px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6968.9px;left:432px;white-space:nowrap">Allison </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6968.9px;left:944.89px;letter-spacing:-0.42px;white-space:nowrap">Transmission, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6968.9px;left:1979.19px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6968.9px;left:2237.08px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7165.39px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7165.39px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7165.39px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7165.39px;left:2008.11px;white-space:nowrap">3.75%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7165.39px;left:2550.69px;white-space:nowrap">1/30/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7165.39px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7165.39px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7165.39px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7165.39px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7165.39px;left:9501.64px;white-space:nowrap">700,101</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7361.87px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7361.87px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7361.87px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7361.87px;left:1972.41px;white-space:nowrap">4.75%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7361.87px;left:2514.98px;white-space:nowrap">10/01/27 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7361.87px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7361.87px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7361.87px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7361.87px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7361.87px;left:9501.64px;white-space:nowrap">629,703</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7558.35px;left:432px;white-space:nowrap">Dana, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7558.35px;left:903.41px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7558.35px;left:1161.3px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7558.35px;left:1250.2px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7558.35px;left:1757.16px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7558.35px;left:2095.13px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7558.35px;left:2184.03px;white-space:nowrap">5.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7558.35px;left:2584.42px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7558.35px;left:2726.69px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7558.35px;left:2815.59px;white-space:nowrap">6/15/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7558.35px;left:3421.22px;letter-spacing:53.33px;white-space:nowrap">...................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7558.35px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7558.35px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7558.35px;left:7352.2px;white-space:nowrap">1,400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7558.35px;left:9368.2px;white-space:nowrap">1,506,638</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7769.4px;left:432px;white-space:nowrap">Goodyear </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7769.4px;left:1176.22px;letter-spacing:-1.19px;white-space:nowrap">Tire </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7769.4px;left:1490.28px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7769.4px;left:1641.45px;white-space:nowrap">Rubber </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7769.4px;left:2210.67px;white-space:nowrap">Co. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7769.4px;left:2504.11px;white-space:nowrap">(The)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7769.4px;left:2886.38px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7965.88px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7965.88px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7965.88px;left:1509.83px;white-space:nowrap">9.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7965.88px;left:1963.42px;white-space:nowrap">5/31/25 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7965.88px;left:2580.5px;letter-spacing:51.92px;white-space:nowrap">............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7965.88px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7965.88px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7965.88px;left:7485.64px;white-space:nowrap">900,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7965.88px;left:9501.64px;white-space:nowrap">998,145</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8165.58px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8162.37px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8162.37px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8162.37px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8162.37px;left:1972.41px;white-space:nowrap">5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8162.37px;left:2292.56px;white-space:nowrap">7/15/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8162.37px;left:2954.15px;letter-spacing:52.42px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8162.37px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8162.37px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8162.37px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8162.37px;left:9501.64px;white-space:nowrap">635,400</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8362.06px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:432px;white-space:nowrap">Real </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:805.52px;white-space:nowrap">Hero </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:1196.77px;white-space:nowrap">Merger </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:1748.02px;white-space:nowrap">Sub </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:2077.16px;white-space:nowrap">2, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:2255.05px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:2512.94px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:2601.84px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:3108.8px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:3446.77px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:3535.67px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:3998.25px;white-space:nowrap">6.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:4309.66px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:4451.92px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:4540.83px;white-space:nowrap">2/01/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:5102.66px;letter-spacing:131.93px;white-space:nowrap">.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8358.85px;left:9368.2px;white-space:nowrap">1,036,920</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8642.62px;left:9368.2px;white-space:nowrap">5,506,907</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8940.94px;left:432px;white-space:nowrap">Automobiles </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8940.94px;left:1445.36px;white-space:nowrap">0.6%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9140.64px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9137.43px;left:432px;white-space:nowrap">Jaguar </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9137.43px;left:965.67px;white-space:nowrap">Land </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9137.43px;left:1366.06px;white-space:nowrap">Rover </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9137.43px;left:1828.48px;white-space:nowrap">Automotive </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9137.43px;left:2673.33px;white-space:nowrap">plc</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9137.43px;left:2877.86px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9137.43px;left:2966.77px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9137.43px;left:3473.72px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9137.43px;left:3811.69px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9137.43px;left:3900.59px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9137.43px;left:4363.17px;white-space:nowrap">5.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9137.43px;left:4585.59px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9137.43px;left:4727.86px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9329.43px;left:576px;white-space:nowrap">7/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9329.43px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9329.43px;left:5485.56px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9329.43px;left:5992.52px;white-space:nowrap">Kingdom</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9329.43px;left:7352.2px;white-space:nowrap">1,300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9329.43px;left:9368.2px;white-space:nowrap">1,288,040</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9627.75px;left:432px;white-space:nowrap">Banks </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9627.75px;left:956.69px;white-space:nowrap">0.4%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9827.45px;left:380.12px;white-space:nowrap">e</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9824.24px;left:432px;white-space:nowrap">JPMorgan </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9824.24px;left:1205.67px;white-space:nowrap">Chase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9824.24px;left:1712.63px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9824.24px;left:1863.8px;white-space:nowrap">Co.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9824.24px;left:2112.78px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9824.24px;left:2201.69px;white-space:nowrap">R</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9824.24px;left:2317.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9824.24px;left:2406.14px;white-space:nowrap">Junior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9824.24px;left:2886.38px;white-space:nowrap">Sub. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9824.24px;left:3259.97px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9824.24px;left:3633.64px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9824.24px;left:3722.55px;white-space:nowrap">6% </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9824.24px;left:3998.25px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9824.24px;left:4176.14px;white-space:nowrap">8/01/23, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9824.24px;left:4798.88px;white-space:nowrap">FRN </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10016.24px;left:576px;letter-spacing:-0.88px;white-space:nowrap">thereafter</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10016.24px;left:1252.02px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10016.24px;left:1340.92px;white-space:nowrap">Perpetual</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10016.24px;left:2113.44px;letter-spacing:51.47px;white-space:nowrap">.................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10016.24px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10016.24px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10016.24px;left:7485.64px;white-space:nowrap">900,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10016.24px;left:9501.64px;white-space:nowrap">956,363</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10314.56px;left:432px;white-space:nowrap">Beverages </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10314.56px;left:1285.91px;white-space:nowrap">0.3%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10514.26px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:432px;white-space:nowrap">Primo </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:894.27px;letter-spacing:-0.99px;white-space:nowrap">Water </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:1359.5px;white-space:nowrap">Holdings, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:2070.98px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:2328.88px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:2417.78px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:2924.73px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:3262.7px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:3351.61px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:3814.19px;white-space:nowrap">4.375</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:4214.58px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:4356.84px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:4445.75px;white-space:nowrap">4/30/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:5009.24px;letter-spacing:90.45px;white-space:nowrap">..</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:6063.53px;white-space:nowrap">Canada</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10511.05px;left:9501.64px;white-space:nowrap">707,532</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10809.37px;left:432px;white-space:nowrap">Biotechnology </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10809.37px;left:1587.55px;white-space:nowrap">0.4%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11009.07px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:432px;white-space:nowrap">Emergent </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:1170.13px;white-space:nowrap">BioSolutions</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:2059.58px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:2148.48px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:2406.38px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:2495.28px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:3002.23px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:3340.2px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:3429.11px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:3891.69px;white-space:nowrap">3.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:4292.08px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:4434.34px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:4523.25px;white-space:nowrap">8/15/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:5102.66px;letter-spacing:131.93px;white-space:nowrap">.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:7485.64px;white-space:nowrap">900,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11005.86px;left:9501.64px;white-space:nowrap">878,684</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11304.18px;left:432px;white-space:nowrap">Building </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11304.18px;left:1116.3px;white-space:nowrap">Products </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11304.18px;left:1854.19px;white-space:nowrap">1.3%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11503.88px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11500.67px;left:432px;white-space:nowrap">Cornerstone </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11500.67px;left:1356.92px;white-space:nowrap">Building </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11500.67px;left:1970.67px;white-space:nowrap">Brands, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11500.67px;left:2566.53px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11500.67px;left:2824.42px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11500.67px;left:2913.33px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11500.67px;left:3420.28px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11500.67px;left:3758.25px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11500.67px;left:3847.16px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11500.67px;left:4309.73px;white-space:nowrap">6.125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11500.67px;left:4710.13px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11500.67px;left:4852.39px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11692.67px;left:576px;white-space:nowrap">1/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11692.67px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11692.67px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11692.67px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11692.67px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11692.67px;left:9501.64px;white-space:nowrap">321,090</div></div>
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			<div style="width:9192px;height:259px;position:absolute;top:5.75px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

				<div style="background-color:transparent;height:13px;transform:translate(0.000px,0.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:1px;position:absolute;top:65px;left:8270px">

				<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3857.28px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4119.86px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5002.43px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5359.93px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5586.03px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5768.45px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6235.25px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6497.83px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6643.76px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7001.26px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7519.15px;white-space:nowrap">statements.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8353.45px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8798.45px;white-space:nowrap">Report</div></div>
		</div>
		<div style="height:17px;left:522px;position:absolute;top:744px;width:35px">
			<div style="width:717px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:580.79px;letter-spacing:-4.8px;white-space:nowrap">11</div></div>
		</div>
		<div style="background-color:transparent;height:13px;left:527px;position:absolute;top:745px;width:1px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="height:13px;left:514px;position:absolute;top:745px;width:9px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="background-image:url(data:image/png;base64,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			<div style="width:10080px;height:12269px;position:absolute;top:1.32px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">


























































































































































































			<div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:432px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:6010.72px;white-space:nowrap">Country</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:7388.22px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:7423.4px;white-space:nowrap">Amount</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:216.23px;left:8027.7px;white-space:nowrap">*</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:8451.51px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:6612.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:8052.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:8484.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:10068.88px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:432px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:1443.23px;white-space:nowrap">Bonds </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:533.18px;left:2120.96px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:432px;white-space:nowrap">Building </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:1116.3px;white-space:nowrap">Products </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:744.23px;left:1854.19px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:943.92px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:955.27px;left:432px;white-space:nowrap">JELD-WEN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:955.27px;left:1338.72px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:955.27px;left:1596.61px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:1972.41px;white-space:nowrap">4.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:2603.97px;white-space:nowrap">12/15/25 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:3327.81px;letter-spacing:53.11px;white-space:nowrap">....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:9412.66px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:9501.64px;white-space:nowrap">306,101</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:1972.41px;white-space:nowrap">4.875%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:2603.97px;white-space:nowrap">12/15/27 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:3327.81px;letter-spacing:53.11px;white-space:nowrap">....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:9501.64px;white-space:nowrap">313,138</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1547.94px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1559.29px;left:432px;white-space:nowrap">Standard </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1559.29px;left:1125.83px;white-space:nowrap">Industries, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1559.29px;left:1908.41px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1559.29px;left:2166.3px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1755.77px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1755.77px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1755.77px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1755.77px;left:2008.11px;white-space:nowrap">4.75%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1755.77px;left:2550.69px;white-space:nowrap">1/15/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1755.77px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1755.77px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1755.77px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1755.77px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1755.77px;left:9501.64px;white-space:nowrap">519,762</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1952.25px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1952.25px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1952.25px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1952.25px;left:2008.11px;white-space:nowrap">4.375%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1952.25px;left:2639.67px;white-space:nowrap">7/15/30 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1952.25px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1952.25px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1952.25px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1952.25px;left:7485.64px;white-space:nowrap">100,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1952.25px;left:9501.64px;white-space:nowrap">102,866</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2148.74px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2148.74px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2148.74px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2148.74px;left:2008.11px;white-space:nowrap">3.375%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2148.74px;left:2639.67px;white-space:nowrap">1/15/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2148.74px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2148.74px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2148.74px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2148.74px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2148.74px;left:9501.64px;white-space:nowrap">193,031</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2345.22px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2345.22px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2345.22px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2345.22px;left:1972.41px;white-space:nowrap">5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2345.22px;left:2292.56px;white-space:nowrap">2/15/27 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2345.22px;left:2954.15px;letter-spacing:52.42px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2345.22px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2345.22px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2345.22px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2345.22px;left:9501.64px;white-space:nowrap">310,500</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2544.92px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2541.71px;left:432px;white-space:nowrap">Summit </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2541.71px;left:1018.72px;white-space:nowrap">Materials </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2541.71px;left:1712.23px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2541.71px;left:2050.2px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2541.71px;left:2139.11px;white-space:nowrap">Summit </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2541.71px;left:2725.83px;white-space:nowrap">Materials </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2541.71px;left:3419.34px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2541.71px;left:4033.02px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2541.71px;left:4424.27px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2541.71px;left:4513.17px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2733.71px;left:576px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2733.71px;left:913.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2733.71px;left:1002.88px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2733.71px;left:1465.45px;white-space:nowrap">5.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2733.71px;left:1776.86px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2733.71px;left:1919.13px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2733.71px;left:2008.03px;white-space:nowrap">1/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2733.71px;left:2580.5px;letter-spacing:51.92px;white-space:nowrap">............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2733.71px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2733.71px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2733.71px;left:7485.64px;white-space:nowrap">800,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2733.71px;left:9501.64px;white-space:nowrap">848,032</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3017.47px;left:9368.2px;white-space:nowrap">2,914,520</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3315.8px;left:432px;white-space:nowrap">Chemicals </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3315.8px;left:1276.84px;white-space:nowrap">3.2%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3515.49px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:432px;white-space:nowrap">Axalta </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:921.14px;white-space:nowrap">Coating </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:1517.08px;white-space:nowrap">Systems </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:2174.97px;white-space:nowrap">LLC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:2468.48px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:2557.39px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:3064.34px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:3402.31px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:3491.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:3953.8px;white-space:nowrap">3.375</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:4354.19px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:4496.45px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:4585.36px;white-space:nowrap">2/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3512.28px;left:9501.64px;white-space:nowrap">392,538</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:432px;white-space:nowrap">CF </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:689.73px;white-space:nowrap">Industries, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:1472.31px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:1730.2px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:1819.11px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:2326.06px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:2699.73px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:2788.64px;white-space:nowrap">5.15</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:3100.05px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:3242.31px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:3331.22px;white-space:nowrap">3/15/34</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:3888.29px;letter-spacing:54.89px;white-space:nowrap">..............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:7485.64px;white-space:nowrap">900,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.77px;left:9368.2px;white-space:nowrap">1,126,723</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3908.46px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3905.25px;left:432px;white-space:nowrap">CVR </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3905.25px;left:814.27px;white-space:nowrap">Partners </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3905.25px;left:1463.41px;letter-spacing:-0.96px;white-space:nowrap">LP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3905.25px;left:1700.67px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3905.25px;left:1789.58px;white-space:nowrap">CVR </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3905.25px;left:2171.84px;white-space:nowrap">Nitrogen </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3905.25px;left:2821.06px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3905.25px;left:3434.73px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3905.25px;left:3825.98px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3905.25px;left:3914.89px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3905.25px;left:4421.84px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4097.25px;left:576px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4097.25px;left:913.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4097.25px;left:1002.88px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4097.25px;left:1465.45px;white-space:nowrap">6.125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4097.25px;left:1865.84px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4097.25px;left:2008.11px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4097.25px;left:2097.02px;white-space:nowrap">6/15/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4097.25px;left:2673.91px;letter-spacing:52.03px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4097.25px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4097.25px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4097.25px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4097.25px;left:9501.64px;white-space:nowrap">307,126</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4296.94px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:432px;white-space:nowrap">Element </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:1063.41px;white-space:nowrap">Solutions, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:1810.52px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:2068.41px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:2157.31px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:2664.27px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:3002.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:3091.14px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:3553.72px;white-space:nowrap">3.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:3954.11px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:4096.38px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:4185.28px;white-space:nowrap">9/01/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:4729px;letter-spacing:65.55px;white-space:nowrap">.....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4293.73px;left:9501.64px;white-space:nowrap">714,906</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4493.43px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:432px;white-space:nowrap">GPD </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:823.17px;white-space:nowrap">Cos., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:1241.06px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:1498.95px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:1587.86px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:2094.81px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:2735.2px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:3073.17px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:3162.08px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:3624.66px;white-space:nowrap">10.125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:4114.03px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:4256.3px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:4345.2px;white-space:nowrap">4/01/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:4915.83px;letter-spacing:76.62px;white-space:nowrap">...</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:7352.2px;white-space:nowrap">1,500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4490.22px;left:9368.2px;white-space:nowrap">1,621,793</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4689.91px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4686.7px;left:432px;white-space:nowrap">Illuminate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4686.7px;left:1161.22px;white-space:nowrap">Buyer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4686.7px;left:1623.64px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4686.7px;left:1961.61px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4686.7px;left:2050.52px;white-space:nowrap">Illuminate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4686.7px;left:2779.73px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4686.7px;left:3446.77px;letter-spacing:-3.67px;white-space:nowrap">IV, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4686.7px;left:3672.16px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4686.7px;left:3930.05px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4686.7px;left:4018.95px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4686.7px;left:4525.91px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4686.7px;left:4863.88px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4878.7px;left:576px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4878.7px;left:1038.58px;white-space:nowrap">9</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4878.7px;left:1127.56px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4878.7px;left:1269.83px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4878.7px;left:1358.73px;white-space:nowrap">7/01/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4878.7px;left:1926.61px;letter-spacing:51.33px;white-space:nowrap">...................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4878.7px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4878.7px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4878.7px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4878.7px;left:9368.2px;white-space:nowrap">1,106,250</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5078.4px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:432px;white-space:nowrap">Ingevity</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:1027.86px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:1419.11px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:1508.02px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:2014.97px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:2352.94px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:2441.84px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:2904.42px;white-space:nowrap">3.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:3304.81px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:3447.08px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:3535.98px;letter-spacing:-1.48px;white-space:nowrap">11/01/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:4168.52px;letter-spacing:56.5px;white-space:nowrap">...........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5075.19px;left:9501.64px;white-space:nowrap">402,014</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5274.88px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5271.67px;left:432px;white-space:nowrap">Rain </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5271.67px;left:805.52px;white-space:nowrap">CII </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5271.67px;left:1054.42px;white-space:nowrap">Carbon </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5271.67px;left:1623.64px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5271.67px;left:1961.61px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5271.67px;left:2050.52px;white-space:nowrap">CII </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5271.67px;left:2299.42px;white-space:nowrap">Carbon </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5271.67px;left:2868.64px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5271.67px;left:3259.89px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5271.67px;left:3348.8px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5271.67px;left:3989.19px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5271.67px;left:4327.16px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5271.67px;left:4416.06px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:576px;white-space:nowrap">7.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:887.41px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:1029.67px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:1118.58px;white-space:nowrap">4/01/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:1739.78px;letter-spacing:51.2px;white-space:nowrap">.....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:9501.64px;white-space:nowrap">621,144</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5663.37px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5674.72px;left:432px;white-space:nowrap">SCIH </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5674.72px;left:858.72px;white-space:nowrap">Salt </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5674.72px;left:1178.88px;white-space:nowrap">Holdings, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5674.72px;left:1890.36px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5674.72px;left:2148.25px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5871.2px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5871.2px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5871.2px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5871.2px;left:1972.41px;white-space:nowrap">6.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5871.2px;left:2603.97px;white-space:nowrap">5/01/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5871.2px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5871.2px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5871.2px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5871.2px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5871.2px;left:9501.64px;white-space:nowrap">492,418</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:2612.8px;white-space:nowrap">4.875%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:3244.36px;white-space:nowrap">5/01/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:3888.29px;letter-spacing:54.89px;white-space:nowrap">..............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:9501.64px;white-space:nowrap">302,565</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6351.45px;left:9368.2px;white-space:nowrap">7,087,477</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6649.78px;left:432px;white-space:nowrap">Commercial </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6649.78px;left:1392.39px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6649.78px;left:2095.2px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6649.78px;left:2255.2px;white-space:nowrap">Supplies </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6649.78px;left:2966.45px;white-space:nowrap">2.2%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6849.47px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6846.26px;left:432px;white-space:nowrap">Allied </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6846.26px;left:867.78px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6846.26px;left:1579.11px;white-space:nowrap">Holdco </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6846.26px;left:2121.61px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6846.26px;left:2459.58px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6846.26px;left:2539.66px;white-space:nowrap">Allied </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6846.26px;left:2975.44px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6846.26px;left:3686.77px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6846.26px;left:4300.44px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6846.26px;left:4691.69px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6846.26px;left:4780.59px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7038.26px;left:576px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7038.26px;left:913.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7038.26px;left:1002.88px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7038.26px;left:1465.45px;white-space:nowrap">6</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7038.26px;left:1554.44px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7038.26px;left:1696.7px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7038.26px;left:1785.61px;white-space:nowrap">6/01/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7038.26px;left:2393.68px;letter-spacing:51.73px;white-space:nowrap">..............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7038.26px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7038.26px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7038.26px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7038.26px;left:9501.64px;white-space:nowrap">200,241</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7237.95px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.74px;left:432px;white-space:nowrap">Allied </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.74px;left:867.78px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.74px;left:1579.11px;white-space:nowrap">Holdco </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.74px;left:2121.61px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.74px;left:2459.58px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.74px;left:2539.66px;white-space:nowrap">Allied </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.74px;left:2975.44px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.74px;left:3686.77px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.74px;left:4300.44px;white-space:nowrap">Corp. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.74px;left:4736.14px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.74px;left:4816.22px;white-space:nowrap">Atlas </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:576px;white-space:nowrap">LuxCo</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:1082.95px;white-space:nowrap">4 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:1216.39px;white-space:nowrap">SARL</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:1634.36px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:1723.27px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:2230.22px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:2870.61px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:3208.58px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:3297.48px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:3760.06px;white-space:nowrap">4.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:4160.45px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:4302.72px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:4391.63px;white-space:nowrap">6/01/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:5009.24px;letter-spacing:90.45px;white-space:nowrap">..</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7426.74px;left:9501.64px;white-space:nowrap">402,250</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7626.44px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:432px;white-space:nowrap">APX </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:796.61px;white-space:nowrap">Group, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:1330.2px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:1588.09px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:1677px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:2183.95px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:2521.92px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:2610.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:3073.41px;white-space:nowrap">5.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:3384.81px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:3527.08px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:3615.98px;white-space:nowrap">7/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:4168.52px;letter-spacing:56.5px;white-space:nowrap">...........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:7485.64px;white-space:nowrap">800,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7623.23px;left:9501.64px;white-space:nowrap">803,000</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7822.92px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:432px;white-space:nowrap">Harsco </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:983.25px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:1374.5px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:1463.41px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:1970.36px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:2308.33px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:2397.23px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:2859.81px;white-space:nowrap">5.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:3171.22px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:3313.48px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:3402.39px;white-space:nowrap">7/31/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:3981.7px;letter-spacing:55.34px;white-space:nowrap">.............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.71px;left:9501.64px;white-space:nowrap">519,375</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8019.41px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8016.2px;left:432px;white-space:nowrap">Nielsen </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8016.2px;left:1010.05px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8016.2px;left:1623.72px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8016.2px;left:1961.69px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8016.2px;left:2050.59px;white-space:nowrap">Nielsen </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8016.2px;left:2628.64px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8016.2px;left:3242.31px;white-space:nowrap">Co.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8016.2px;left:3491.3px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8016.2px;left:3580.2px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8016.2px;left:4087.16px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8016.2px;left:4425.13px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8016.2px;left:4514.03px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8208.2px;left:576px;white-space:nowrap">4.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8208.2px;left:798.42px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8208.2px;left:940.69px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8208.2px;left:1029.59px;white-space:nowrap">7/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8208.2px;left:1646.37px;letter-spacing:51.14px;white-space:nowrap">......................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8208.2px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8208.2px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8208.2px;left:7352.2px;white-space:nowrap">1,200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8208.2px;left:9368.2px;white-space:nowrap">1,190,790</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8407.89px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8404.68px;left:432px;white-space:nowrap">Prime </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8404.68px;left:894.27px;white-space:nowrap">Security </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8404.68px;left:1516.69px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8404.68px;left:2174.66px;white-space:nowrap">Borrower </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8404.68px;left:2868.17px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8404.68px;left:3206.14px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8404.68px;left:3295.05px;white-space:nowrap">Prime </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8404.68px;left:3757.31px;white-space:nowrap">Finance, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8404.68px;left:4415.44px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8404.68px;left:4673.33px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8404.68px;left:4762.23px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8596.68px;left:576px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8596.68px;left:1216.39px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8596.68px;left:1554.36px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8596.68px;left:1643.27px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8596.68px;left:2105.84px;white-space:nowrap">3.375</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8596.68px;left:2506.23px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8596.68px;left:2648.5px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8596.68px;left:2737.41px;white-space:nowrap">8/31/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8596.68px;left:3327.81px;letter-spacing:53.11px;white-space:nowrap">....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8596.68px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8596.68px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8596.68px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8596.68px;left:9501.64px;white-space:nowrap">579,750</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8796.38px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:432px;white-space:nowrap">Stericycle, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:1214.42px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:1472.31px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:1561.22px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:2068.17px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:2406.14px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:2495.05px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:2957.63px;white-space:nowrap">3.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:3358.02px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:3500.28px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:3589.19px;white-space:nowrap">1/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:4168.52px;letter-spacing:56.5px;white-space:nowrap">...........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:7352.2px;white-space:nowrap">1,200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8793.17px;left:9368.2px;white-space:nowrap">1,222,806</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9076.93px;left:9368.2px;white-space:nowrap">4,918,212</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9375.26px;left:432px;white-space:nowrap">Communications </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9375.26px;left:1774.34px;white-space:nowrap">Equipment </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9375.26px;left:2645.44px;white-space:nowrap">0.7%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9574.95px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:432px;white-space:nowrap">CommScope</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:1356.77px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:1445.67px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:1703.56px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:1792.47px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:2299.42px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:2637.39px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:2726.3px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:3188.88px;white-space:nowrap">7.125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:3589.27px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:3731.53px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:3820.44px;white-space:nowrap">7/01/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:4355.35px;letter-spacing:58.18px;white-space:nowrap">.........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:7352.2px;white-space:nowrap">1,600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9571.74px;left:9368.2px;white-space:nowrap">1,680,000</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9870.07px;left:432px;white-space:nowrap">Construction </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9870.07px;left:1471.92px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9870.07px;left:1631.92px;white-space:nowrap">Engineering </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9870.07px;left:2600.91px;white-space:nowrap">1.7%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10069.76px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:432px;white-space:nowrap">Arcosa</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:929.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:1018.87px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:1276.77px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:1365.67px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:1872.63px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:2210.59px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:2299.5px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:2762.08px;white-space:nowrap">4.375</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:3162.47px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:3304.73px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:3393.64px;white-space:nowrap">4/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:3981.7px;letter-spacing:55.34px;white-space:nowrap">.............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10066.55px;left:9501.64px;white-space:nowrap">309,363</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10266.24px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10263.03px;left:432px;white-space:nowrap">Great </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10263.03px;left:876.61px;white-space:nowrap">Lakes </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10263.03px;left:1348.02px;white-space:nowrap">Dredge </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10263.03px;left:1917.23px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10263.03px;left:2068.41px;white-space:nowrap">Dock </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10263.03px;left:2477.39px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10263.03px;left:2868.64px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10263.03px;left:2957.55px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10263.03px;left:3464.5px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10263.03px;left:3802.47px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10263.03px;left:3891.38px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10263.03px;left:4353.95px;white-space:nowrap">5.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10263.03px;left:4665.36px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10263.03px;left:4807.63px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10455.03px;left:576px;white-space:nowrap">6/01/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10455.03px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10455.03px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10455.03px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10455.03px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10455.03px;left:9501.64px;white-space:nowrap">516,875</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10654.73px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10651.52px;left:432px;white-space:nowrap">New </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10651.52px;left:796.53px;white-space:nowrap">Enterprise </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10651.52px;left:1570.2px;white-space:nowrap">Stone </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10651.52px;left:2032.78px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10651.52px;left:2183.95px;white-space:nowrap">Lime </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10651.52px;left:2575.2px;white-space:nowrap">Co., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10651.52px;left:2913.09px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10651.52px;left:3170.98px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10651.52px;left:3259.89px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10651.52px;left:3766.84px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10651.52px;left:4407.23px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10651.52px;left:4745.2px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10651.52px;left:4834.11px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10843.52px;left:576px;white-space:nowrap">6.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10843.52px;left:887.41px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10843.52px;left:1029.67px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10843.52px;left:1118.58px;white-space:nowrap">3/15/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10843.52px;left:1739.78px;letter-spacing:51.2px;white-space:nowrap">.....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10843.52px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10843.52px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10843.52px;left:7485.64px;white-space:nowrap">900,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10843.52px;left:9501.64px;white-space:nowrap">925,875</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11043.21px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:432px;white-space:nowrap">VM </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:716.45px;white-space:nowrap">Consolidated, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:1739.34px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:1997.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:2086.14px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:2593.09px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:2931.06px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:3019.97px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:3482.55px;white-space:nowrap">5.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:3704.97px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:3847.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:3936.14px;white-space:nowrap">4/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:4542.18px;letter-spacing:60.81px;white-space:nowrap">.......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:7485.64px;white-space:nowrap">800,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11040px;left:9501.64px;white-space:nowrap">818,000</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11239.7px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11236.49px;left:432px;letter-spacing:-0.41px;white-space:nowrap">Weekley</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11236.49px;left:1087.08px;white-space:nowrap">Homes </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11236.49px;left:1638.33px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11236.49px;left:1976.3px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11236.49px;left:2065.2px;letter-spacing:-0.41px;white-space:nowrap">Weekley</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11236.49px;left:2720.28px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11236.49px;left:3333.95px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11236.49px;left:3725.2px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11236.49px;left:3814.11px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11236.49px;left:4321.06px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11236.49px;left:4659.03px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11236.49px;left:4747.94px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11428.49px;left:576px;white-space:nowrap">4.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11428.49px;left:976.39px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11428.49px;left:1118.66px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11428.49px;left:1207.56px;white-space:nowrap">9/15/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11428.49px;left:1741.39px;letter-spacing:51.2px;white-space:nowrap">.....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11428.49px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11428.49px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11428.49px;left:7352.2px;white-space:nowrap">1,300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11428.49px;left:9368.2px;white-space:nowrap">1,349,029</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11712.25px;left:9368.2px;white-space:nowrap">3,919,142</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAABBoAAAUCCAYAAACkLpAdAAAACXBIWXMAABcRAAAXEQHKJvM/AAAfx0lEQVR4XuzbsW3dSgBEUZWkElTKL8UlKNzwlaLOZLqCO4HBLxonOIxuwGAAYhfg2/f39xsAAADA35ABAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABg9XbO+fVAr6EBAJ7vdXz3gXu9huYneZ3nvTP/uLfr8Q0AAADwN/y5aMjbiB/oNTQAwPO9ju8+cK/X0Pwkr/O8d+Yfl/9WAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAADgmc45/11+wZ1ymAAAADzTcdHA/yCHCQAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAADzTOefr8g13ymECAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAz3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			<div style="width:10080px;height:12258px;position:absolute;top:1.32px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">






















































































































































































			<div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:432px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:6010.72px;white-space:nowrap">Country</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:7388.22px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:7423.4px;white-space:nowrap">Amount</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:216.23px;left:8027.7px;white-space:nowrap">*</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:8451.51px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:6612.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:8052.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:8484.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:10068.88px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:432px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:1443.23px;white-space:nowrap">Bonds </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:533.18px;left:2120.96px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:432px;white-space:nowrap">Consumer </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:1267.7px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:1916.77px;white-space:nowrap">1.3%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:943.92px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:432px;white-space:nowrap">FirstCash</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:1116.53px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:1205.44px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:1463.33px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:1552.23px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2059.19px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2397.16px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2486.06px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2948.64px;white-space:nowrap">4.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3349.03px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3491.3px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3580.2px;white-space:nowrap">9/01/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:4168.52px;letter-spacing:56.5px;white-space:nowrap">...........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:9412.66px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:9501.64px;white-space:nowrap">416,482</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:432px;white-space:nowrap">Navient</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:1018.95px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:1410.2px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:1499.11px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:2006.06px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:2344.03px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:2432.94px;white-space:nowrap">7.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:2744.34px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:2886.61px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:2975.52px;white-space:nowrap">9/25/23</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:3514.63px;letter-spacing:53.57px;white-space:nowrap">..................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:9501.64px;white-space:nowrap">659,926</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:432px;white-space:nowrap">OneMain</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:1125.67px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:1739.34px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:2130.59px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:1545.53px;white-space:nowrap">5.375%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:2177.09px;letter-spacing:-1.32px;white-space:nowrap">11/15/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:2860.74px;letter-spacing:52.28px;white-space:nowrap">.........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:9368.2px;white-space:nowrap">1,093,885</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:1509.83px;white-space:nowrap">6.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:2141.39px;white-space:nowrap">1/15/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:2767.33px;letter-spacing:52.15px;white-space:nowrap">..........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:9501.64px;white-space:nowrap">809,106</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2024.97px;left:9368.2px;white-space:nowrap">2,979,399</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2323.3px;left:432px;white-space:nowrap">Containers </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2323.3px;left:1312.16px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2323.3px;left:1472.16px;white-space:nowrap">Packaging </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2323.3px;left:2316.92px;white-space:nowrap">4.2%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2522.99px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2534.34px;left:432px;white-space:nowrap">Ardagh</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2534.34px;left:992.39px;white-space:nowrap">Packaging </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2534.34px;left:1784.03px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2534.34px;left:2397.7px;white-space:nowrap">plc </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2534.34px;left:2646.69px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2534.34px;left:2726.77px;white-space:nowrap">Ardagh</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2534.34px;left:3287.16px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2534.34px;left:3954.19px;white-space:nowrap">USA, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2534.34px;left:4372.08px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2534.34px;left:4629.97px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2730.83px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2730.83px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2730.83px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2730.83px;left:1972.41px;white-space:nowrap">5.25%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2730.83px;left:2514.98px;white-space:nowrap">8/15/27 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2730.83px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2730.83px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2730.83px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2730.83px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2730.83px;left:9501.64px;white-space:nowrap">621,750</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2927.31px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2927.31px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2927.31px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2927.31px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2927.31px;left:2612.8px;white-space:nowrap">5.25%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2927.31px;left:3155.38px;white-space:nowrap">4/30/25 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2927.31px;left:3794.87px;letter-spacing:54.49px;white-space:nowrap">...............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2927.31px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2927.31px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2927.31px;left:7485.64px;white-space:nowrap">800,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2927.31px;left:9501.64px;white-space:nowrap">838,000</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3127.01px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3138.36px;left:432px;white-space:nowrap">Mauser</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3138.36px;left:1009.97px;white-space:nowrap">Packaging </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3138.36px;left:1801.61px;white-space:nowrap">Solutions </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3138.36px;left:2504.27px;white-space:nowrap">Holding </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3138.36px;left:3091.3px;white-space:nowrap">Co.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3138.36px;left:3340.28px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3334.84px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3334.84px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3334.84px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3334.84px;left:1972.41px;white-space:nowrap">7.25%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3334.84px;left:2514.98px;white-space:nowrap">4/15/25 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3334.84px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3334.84px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3334.84px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3334.84px;left:7352.2px;white-space:nowrap">1,800,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3334.84px;left:9368.2px;white-space:nowrap">1,781,640</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3531.33px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3531.33px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3531.33px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3531.33px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3531.33px;left:2612.8px;white-space:nowrap">8.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3531.33px;left:3066.39px;white-space:nowrap">4/15/24 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3531.33px;left:3701.46px;letter-spacing:54.15px;white-space:nowrap">................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3531.33px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3531.33px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3531.33px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3531.33px;left:9368.2px;white-space:nowrap">1,037,425</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3731.02px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3742.37px;left:432px;white-space:nowrap">Owens-Brockway </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3742.37px;left:1721.22px;white-space:nowrap">Glass </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3742.37px;left:2174.66px;letter-spacing:-0.8px;white-space:nowrap">Container, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3742.37px;left:2948.48px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3742.37px;left:3206.38px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3938.86px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3938.86px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3938.86px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3938.86px;left:1972.41px;white-space:nowrap">5.875%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3938.86px;left:2603.97px;white-space:nowrap">8/15/23 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3938.86px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3938.86px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3938.86px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3938.86px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3938.86px;left:9501.64px;white-space:nowrap">531,875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4135.34px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4135.34px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4135.34px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4135.34px;left:1972.41px;white-space:nowrap">6.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4135.34px;left:2603.97px;white-space:nowrap">5/13/27 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4135.34px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4135.34px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4135.34px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4135.34px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4135.34px;left:9501.64px;white-space:nowrap">539,915</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4335.03px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:432px;white-space:nowrap">Plastipak </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:1125.67px;white-space:nowrap">Holdings, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:1837.16px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:2095.05px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:2183.95px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:2690.91px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:3028.88px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:3117.78px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:3580.36px;white-space:nowrap">6.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:3891.77px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:4034.03px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:4122.94px;white-space:nowrap">10/15/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:4822.42px;letter-spacing:69.7px;white-space:nowrap">....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:7352.2px;white-space:nowrap">1,700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4331.82px;left:9368.2px;white-space:nowrap">1,731,875</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4531.52px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4528.31px;left:432px;white-space:nowrap">Reynolds </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4528.31px;left:1143.48px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4528.31px;left:1632.63px;letter-spacing:-1.1px;white-space:nowrap">Issuer, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4528.31px;left:2148.41px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4528.31px;left:2450.75px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4528.31px;left:2539.66px;white-space:nowrap">Reynolds </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4528.31px;left:3251.14px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4528.31px;left:3740.28px;white-space:nowrap">Issuer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4528.31px;left:4220.44px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4528.31px;left:4558.41px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4528.31px;left:4647.31px;white-space:nowrap">Reynolds </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4720.31px;left:576px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4720.31px;left:1065.14px;white-space:nowrap">Issuer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4720.31px;left:1545.3px;white-space:nowrap">Luxembourg </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4720.31px;left:2479.2px;white-space:nowrap">SA</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4720.31px;left:2692.64px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4720.31px;left:2781.55px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4720.31px;left:3288.5px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4720.31px;left:3928.89px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4720.31px;left:4266.86px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4720.31px;left:4355.77px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4720.31px;left:4818.34px;white-space:nowrap">4</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4720.31px;left:4907.33px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4720.31px;left:5049.59px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4912.31px;left:576px;white-space:nowrap">10/15/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4912.31px;left:1272.72px;letter-spacing:50.94px;white-space:nowrap">..........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4912.31px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4912.31px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4912.31px;left:7352.2px;white-space:nowrap">1,200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4912.31px;left:9368.2px;white-space:nowrap">1,201,086</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5112px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:432px;white-space:nowrap">Sealed </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:965.83px;white-space:nowrap">Air </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:1205.83px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:1597.08px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:1685.98px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:2192.94px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:2566.61px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:2655.52px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:3118.09px;white-space:nowrap">5.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:3340.52px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:3482.78px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:3571.69px;white-space:nowrap">9/15/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:4168.52px;letter-spacing:56.5px;white-space:nowrap">...........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5108.79px;left:9501.64px;white-space:nowrap">224,632</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5308.49px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:432px;letter-spacing:-0.85px;white-space:nowrap">Trivium</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:994.89px;white-space:nowrap">Packaging </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:1786.53px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:2400.2px;letter-spacing:-7.34px;white-space:nowrap">BV</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:2598.95px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:2687.86px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:3194.81px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:3532.78px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:3621.69px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:4084.27px;white-space:nowrap">8.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:4306.69px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:4448.95px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:4537.86px;white-space:nowrap">8/15/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:5102.66px;letter-spacing:131.93px;white-space:nowrap">.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:5761.27px;white-space:nowrap">Netherlands</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:7485.64px;white-space:nowrap">800,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5305.28px;left:9501.64px;white-space:nowrap">860,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5589.04px;left:9368.2px;white-space:nowrap">9,368,198</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5887.37px;left:432px;text-rendering:optimizeLegibility;white-space:nowrap">Diversified </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5887.37px;left:1294.58px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5887.37px;left:2032.55px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5887.37px;left:2735.36px;white-space:nowrap">0.5%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6087.06px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:432px;letter-spacing:-0.29px;white-space:nowrap">Jefferson </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:1131.69px;white-space:nowrap">Capital </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:1674.19px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:2341.22px;white-space:nowrap">LLC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:2634.73px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:2723.64px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:3230.59px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:3568.56px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:3657.47px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:4120.05px;white-space:nowrap">6</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:4209.03px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:4351.3px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:4440.2px;white-space:nowrap">8/15/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:5009.24px;letter-spacing:90.45px;white-space:nowrap">..</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:7352.2px;white-space:nowrap">1,200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6083.85px;left:9368.2px;white-space:nowrap">1,210,608</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6382.18px;left:432px;text-rendering:optimizeLegibility;white-space:nowrap">Diversified </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6382.18px;left:1294.58px;letter-spacing:-0.66px;white-space:nowrap">Telecommunication </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6382.18px;left:2829.66px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6382.18px;left:3532.47px;white-space:nowrap">3.2%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6581.87px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6578.66px;left:432px;white-space:nowrap">Altice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6578.66px;left:867.7px;white-space:nowrap">France </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6578.66px;left:1410.13px;white-space:nowrap">Holding </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6578.66px;left:1997.16px;white-space:nowrap">SA</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6578.66px;left:2210.59px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6578.66px;left:2299.5px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6578.66px;left:2806.45px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6578.66px;left:3446.84px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6578.66px;left:3784.81px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6578.66px;left:3873.72px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6578.66px;left:4336.3px;white-space:nowrap">10.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6578.66px;left:4647.7px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6578.66px;left:4789.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6770.66px;left:576px;white-space:nowrap">5/15/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6770.66px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6770.66px;left:5734.55px;white-space:nowrap">Luxembourg</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6770.66px;left:7352.2px;white-space:nowrap">1,500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6770.66px;left:9368.2px;white-space:nowrap">1,650,000</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6970.36px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6981.71px;left:432px;white-space:nowrap">CCO </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6981.71px;left:832px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6981.71px;left:1499.03px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6981.71px;left:1837px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6981.71px;left:1925.91px;white-space:nowrap">CCO </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6981.71px;left:2325.91px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6981.71px;left:2992.94px;white-space:nowrap">Capital </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6981.71px;left:3535.44px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6981.71px;left:3926.69px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7178.19px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7178.19px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7178.19px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7178.19px;left:2008.11px;white-space:nowrap">5.75%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7178.19px;left:2550.69px;white-space:nowrap">2/15/26 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7178.19px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7178.19px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7178.19px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7178.19px;left:7485.64px;white-space:nowrap">350,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7178.19px;left:9501.64px;white-space:nowrap">360,062</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7374.67px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7374.67px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7374.67px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7374.67px;left:2008.11px;white-space:nowrap">5.375%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7374.67px;left:2639.67px;white-space:nowrap">6/01/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7374.67px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7374.67px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7374.67px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7374.67px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7374.67px;left:9501.64px;white-space:nowrap">546,875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7571.16px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7571.16px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7571.16px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7571.16px;left:2008.11px;white-space:nowrap">4.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7571.16px;left:2461.7px;white-space:nowrap">8/15/30 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7571.16px;left:3047.57px;letter-spacing:52.57px;white-space:nowrap">.......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7571.16px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7571.16px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7571.16px;left:7352.2px;white-space:nowrap">1,700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7571.16px;left:9368.2px;white-space:nowrap">1,778,506</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7767.64px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7767.64px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7767.64px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7767.64px;left:2008.11px;white-space:nowrap">4.25%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7767.64px;left:2550.69px;white-space:nowrap">2/01/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7767.64px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7767.64px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7767.64px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7767.64px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7767.64px;left:9501.64px;white-space:nowrap">205,507</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7967.34px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:432px;letter-spacing:-0.72px;white-space:nowrap">DKT </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:793.56px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:1398.41px;white-space:nowrap">ApS</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:1700.83px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:1789.73px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:2296.69px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:2937.08px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:3275.05px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:3363.95px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:3826.53px;white-space:nowrap">9.375</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:4226.92px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:4369.19px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:4458.09px;white-space:nowrap">6/17/23</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:5009.24px;letter-spacing:90.45px;white-space:nowrap">..</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:5974.94px;white-space:nowrap">Denmark</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:7352.2px;white-space:nowrap">1,500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7964.13px;left:9368.2px;white-space:nowrap">1,533,938</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8163.82px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8160.61px;left:432px;letter-spacing:-0.41px;white-space:nowrap">Virgin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8160.61px;left:882.63px;white-space:nowrap">Media </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8160.61px;left:1362.86px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8160.61px;left:2003.25px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8160.61px;left:2616.92px;white-space:nowrap">plc</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8160.61px;left:2821.45px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8160.61px;left:2910.36px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8160.61px;left:3417.31px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8160.61px;left:4057.7px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8160.61px;left:4431.38px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8160.61px;left:4520.28px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8352.61px;left:576px;white-space:nowrap">4.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8352.61px;left:798.42px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8352.61px;left:940.69px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8352.61px;left:1029.59px;white-space:nowrap">8/15/30</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8352.61px;left:1646.37px;letter-spacing:51.14px;white-space:nowrap">......................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8352.61px;left:5485.56px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8352.61px;left:5992.52px;white-space:nowrap">Kingdom</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8352.61px;left:7352.2px;white-space:nowrap">1,100,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8352.61px;left:9380.08px;letter-spacing:-1.32px;white-space:nowrap">1,117,105</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8636.38px;left:9368.2px;white-space:nowrap">7,191,993</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8934.7px;left:432px;white-space:nowrap">Electric </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8934.7px;left:1054.58px;white-space:nowrap">Utilities </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8934.7px;left:1676.92px;white-space:nowrap">0.6%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9134.4px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9145.75px;left:432px;letter-spacing:-0.48px;white-space:nowrap">Vistra</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9145.75px;left:882.55px;white-space:nowrap">Operations </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9145.75px;left:1709.66px;white-space:nowrap">Co. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9145.75px;left:2003.09px;white-space:nowrap">LLC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9145.75px;left:2296.61px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9342.23px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9342.23px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9342.23px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9342.23px;left:1972.41px;white-space:nowrap">5.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9342.23px;left:2603.97px;white-space:nowrap">2/15/27 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9342.23px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9342.23px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9342.23px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9342.23px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9342.23px;left:9368.2px;white-space:nowrap">1,042,560</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9538.72px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9538.72px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9538.72px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9538.72px;left:1972.41px;white-space:nowrap">4.375%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9538.72px;left:2603.97px;white-space:nowrap">5/01/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9538.72px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9538.72px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9538.72px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9538.72px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9538.72px;left:9501.64px;white-space:nowrap">406,500</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9822.48px;left:9368.2px;white-space:nowrap">1,449,060</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10120.81px;left:432px;white-space:nowrap">Electrical </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10120.81px;left:1188.02px;white-space:nowrap">Equipment </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10120.81px;left:2059.11px;white-space:nowrap">0.5%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10320.5px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:432px;white-space:nowrap">Sensata</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:1060.67px;letter-spacing:-1.36px;white-space:nowrap">Technologies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:2039.11px;letter-spacing:-7.34px;white-space:nowrap">BV</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:2237.86px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:2326.77px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:2833.72px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:3171.69px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:3260.59px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:3723.17px;white-space:nowrap">4</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:3812.16px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:3954.42px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:4043.33px;white-space:nowrap">4/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:4635.59px;letter-spacing:62.79px;white-space:nowrap">......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10317.29px;left:9368.2px;white-space:nowrap">1,036,300</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10615.62px;left:432px;white-space:nowrap">Electronic </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10615.62px;left:1250.05px;white-space:nowrap">Equipment, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10615.62px;left:2165.59px;white-space:nowrap">Instruments </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10615.62px;left:3125.75px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10615.62px;left:3285.75px;white-space:nowrap">Components </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10615.62px;left:4307.94px;white-space:nowrap">0.2%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10815.31px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:432px;white-space:nowrap">TTM </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:802.31px;letter-spacing:-1.27px;white-space:nowrap">Technologies, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:1825.2px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:2083.09px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:2172px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:2678.95px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:3016.92px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:3105.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:3568.41px;white-space:nowrap">4</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:3657.39px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:3799.66px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:3888.56px;white-space:nowrap">3/01/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:4448.76px;letter-spacing:59.33px;white-space:nowrap">........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10812.1px;left:9501.64px;white-space:nowrap">506,875</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11110.42px;left:432px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11110.42px;left:1018.88px;white-space:nowrap">Equipment </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11110.42px;left:1889.97px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11110.42px;left:2049.97px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11110.42px;left:2752.78px;white-space:nowrap">1.4%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11310.12px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11321.47px;left:432px;white-space:nowrap">CSI </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11321.47px;left:743.17px;white-space:nowrap">Compressco</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11321.47px;left:1685.67px;letter-spacing:-0.96px;white-space:nowrap">LP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11321.47px;left:1922.94px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11321.47px;left:2011.84px;white-space:nowrap">CSI </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11321.47px;left:2323.02px;white-space:nowrap">Compressco</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11321.47px;left:3265.52px;white-space:nowrap">Finance, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11321.47px;left:3923.64px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11321.47px;left:4181.53px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11521.16px;left:380.12px;white-space:nowrap">d</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11517.95px;left:576px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11517.95px;left:1216.39px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11517.95px;left:1643.27px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11517.95px;left:2105.84px;white-space:nowrap">PIK, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11517.95px;left:2452.64px;white-space:nowrap">10%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11517.95px;left:2861.78px;white-space:nowrap">4/01/26 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11517.95px;left:3514.63px;letter-spacing:53.57px;white-space:nowrap">..................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11517.95px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11517.95px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11517.95px;left:7485.64px;white-space:nowrap">965,556</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11517.95px;left:9501.64px;white-space:nowrap">878,772</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11714.44px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11714.44px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11714.44px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11714.44px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11714.44px;left:2612.8px;white-space:nowrap">7.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11714.44px;left:3066.39px;white-space:nowrap">4/01/25 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11714.44px;left:3701.46px;letter-spacing:54.15px;white-space:nowrap">................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11714.44px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11714.44px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11714.44px;left:7485.64px;white-space:nowrap">402,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11714.44px;left:9501.64px;white-space:nowrap">401,218</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11914.13px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:432px;white-space:nowrap">Nabors </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:992.23px;white-space:nowrap">Industries </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:1730.36px;white-space:nowrap">Ltd.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:1997.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:2086.14px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:2593.09px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:2931.06px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:3019.97px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:3482.55px;white-space:nowrap">7.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:3793.95px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:3936.22px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:4025.13px;white-space:nowrap">1/15/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:4635.59px;letter-spacing:62.79px;white-space:nowrap">......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11910.92px;left:9501.64px;white-space:nowrap">558,750</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3857.28px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4119.86px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5002.43px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5359.93px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5586.03px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5768.45px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6235.25px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6497.83px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6643.76px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7001.26px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7519.15px;white-space:nowrap">statements.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8353.45px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8798.45px;white-space:nowrap">Report</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
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style="background-image:url(data:image/png;base64,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			<div style="width:10080px;height:12269px;position:absolute;top:1.32px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">























































































































































































			<div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:432px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:6010.72px;white-space:nowrap">Country</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:7388.22px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:7423.4px;white-space:nowrap">Amount</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:216.23px;left:8027.7px;white-space:nowrap">*</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:8451.51px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:6612.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:8052.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:8484.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:10068.88px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:432px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:1443.23px;white-space:nowrap">Bonds </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:533.18px;left:2120.96px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:432px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:1018.88px;white-space:nowrap">Equipment </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:1889.97px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:2049.97px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:744.23px;left:2752.78px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:432px;white-space:nowrap">Nabors </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:992.23px;white-space:nowrap">Industries, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:1774.81px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2032.7px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2121.61px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2628.56px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2966.53px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3055.44px;white-space:nowrap">5.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3366.84px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3509.11px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3598.02px;white-space:nowrap">2/01/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:4168.52px;letter-spacing:56.5px;white-space:nowrap">...........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:9412.66px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:9501.64px;white-space:nowrap">422,500</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1140.41px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:432px;letter-spacing:-0.24px;white-space:nowrap">Weatherford </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:1353.95px;white-space:nowrap">International </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:2279.03px;white-space:nowrap">Ltd.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:2545.91px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:2634.81px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:3141.77px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:3479.73px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:3568.64px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:4031.22px;letter-spacing:-5.94px;white-space:nowrap">11</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:4197.31px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:4339.58px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:4428.48px;white-space:nowrap">12/01/24</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:5102.66px;letter-spacing:131.93px;white-space:nowrap">.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:7485.64px;white-space:nowrap">917,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1137.2px;left:9513.52px;letter-spacing:-1.7px;white-space:nowrap">959,411</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1420.96px;left:9368.2px;white-space:nowrap">3,220,651</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1719.29px;left:432px;white-space:nowrap">Entertainment </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1719.29px;left:1552.16px;white-space:nowrap">1.1%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1918.98px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:432px;white-space:nowrap">Banijay</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:1001.22px;white-space:nowrap">Entertainment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:2041.77px;white-space:nowrap">SASU</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:2477.47px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:2566.38px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:3073.33px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:3713.72px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:4051.69px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:4140.59px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:4603.17px;white-space:nowrap">5.375</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:5003.56px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:5145.83px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:576px;white-space:nowrap">3/01/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:6126.03px;white-space:nowrap">France</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:9368.2px;white-space:nowrap">1,028,750</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2307.46px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:432px;white-space:nowrap">Live </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:769.97px;white-space:nowrap">Nation </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:1276.92px;white-space:nowrap">Entertainment, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:2361.92px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:2619.81px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:2708.72px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:3215.67px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:3856.06px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:4194.03px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:4282.94px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:4745.52px;white-space:nowrap">3.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:5056.92px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:5199.19px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2496.25px;left:576px;white-space:nowrap">1/15/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2496.25px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2496.25px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2496.25px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2496.25px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2496.25px;left:9501.64px;white-space:nowrap">200,380</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2707.3px;left:432px;text-rendering:optimizeLegibility;white-space:nowrap">Netflix, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2707.3px;left:965.44px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2707.3px;left:1223.33px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2903.78px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2903.78px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2903.78px;left:1545.53px;white-space:nowrap">5.875%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2903.78px;left:2177.09px;letter-spacing:-1.32px;white-space:nowrap">11/15/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2903.78px;left:2860.74px;letter-spacing:52.28px;white-space:nowrap">.........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2903.78px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2903.78px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2903.78px;left:7485.64px;white-space:nowrap">800,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2903.78px;left:9501.64px;white-space:nowrap">993,028</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3103.48px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.27px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.27px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.27px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.27px;left:1972.41px;white-space:nowrap">3.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.27px;left:2603.97px;white-space:nowrap">6/15/25 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.27px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.27px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.27px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.27px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.27px;left:9501.64px;white-space:nowrap">322,125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3384.03px;left:9368.2px;white-space:nowrap">2,544,283</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3682.36px;left:432px;white-space:nowrap">Equity </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3682.36px;left:965.36px;white-space:nowrap">Real </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3682.36px;left:1347.78px;white-space:nowrap">Estate </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3682.36px;left:1872.47px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3682.36px;left:2761.61px;letter-spacing:-1.26px;white-space:nowrap">Trusts </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3682.36px;left:3286.22px;letter-spacing:-0.99px;white-space:nowrap">(REITs) </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3682.36px;left:3878.8px;white-space:nowrap">1.5%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3882.05px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3878.84px;left:432px;white-space:nowrap">Global </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3878.84px;left:938.95px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3878.84px;left:1232.39px;white-space:nowrap">Lease, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3878.84px;left:1757.23px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3878.84px;left:2059.58px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3878.84px;left:2148.48px;white-space:nowrap">Global </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3878.84px;left:2655.44px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3878.84px;left:2948.88px;white-space:nowrap">Lease </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3878.84px;left:3429.27px;white-space:nowrap">Operating </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3878.84px;left:4176.38px;white-space:nowrap">Partnership </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3878.84px;left:5039.03px;letter-spacing:-10.31px;white-space:nowrap">LP</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3878.84px;left:5214.11px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4070.84px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4070.84px;left:1082.95px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4070.84px;left:1420.92px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4070.84px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4070.84px;left:1972.41px;white-space:nowrap">3.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4070.84px;left:2283.81px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4070.84px;left:2426.08px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4070.84px;left:2514.98px;white-space:nowrap">12/15/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4070.84px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4070.84px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4070.84px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4070.84px;left:7485.64px;white-space:nowrap">800,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4070.84px;left:9501.64px;white-space:nowrap">791,775</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4270.54px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:432px;letter-spacing:-3.69px;white-space:nowrap">HAT </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:781.69px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:1448.72px;white-space:nowrap">I </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:1537.63px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:1875.59px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:1964.5px;letter-spacing:-3.69px;white-space:nowrap">HAT </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:2314.19px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:2981.22px;white-space:nowrap">II </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:3114.58px;white-space:nowrap">LLC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:3408.09px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:3497px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:4003.95px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:4341.92px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:4430.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:4893.41px;white-space:nowrap">6</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:4982.39px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4267.33px;left:5124.66px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4459.33px;left:576px;white-space:nowrap">4/15/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4459.33px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4459.33px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4459.33px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4459.33px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4459.33px;left:9501.64px;white-space:nowrap">633,264</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4655.81px;left:432px;letter-spacing:-0.72px;white-space:nowrap">MPT </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4655.81px;left:811.3px;white-space:nowrap">Operating </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4655.81px;left:1558.41px;white-space:nowrap">Partnership </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4655.81px;left:2421.06px;letter-spacing:-0.96px;white-space:nowrap">LP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4655.81px;left:2658.33px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4655.81px;left:2747.23px;letter-spacing:-0.72px;white-space:nowrap">MPT </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4655.81px;left:3126.53px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4655.81px;left:3740.2px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4655.81px;left:4131.45px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4655.81px;left:4220.36px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4655.81px;left:4727.31px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4655.81px;left:5100.98px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4847.81px;left:576px;white-space:nowrap">5.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4847.81px;left:887.41px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4847.81px;left:1029.67px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4847.81px;left:1118.58px;white-space:nowrap">8/01/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4847.81px;left:1739.78px;letter-spacing:51.2px;white-space:nowrap">.....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4847.81px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4847.81px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4847.81px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4847.81px;left:9501.64px;white-space:nowrap">309,504</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5047.51px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5044.29px;left:432px;white-space:nowrap">Park </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5044.29px;left:805.44px;white-space:nowrap">Intermediate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5044.29px;left:1739.27px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5044.29px;left:2406.3px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5044.29px;left:2744.27px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5044.29px;left:2833.17px;white-space:nowrap">PK </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5044.29px;left:3091.06px;white-space:nowrap">Domestic </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5044.29px;left:3802.31px;white-space:nowrap">Property </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5044.29px;left:4451.45px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5044.29px;left:4789.42px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5044.29px;left:4878.33px;white-space:nowrap">PK </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:576px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:1189.67px;letter-spacing:-0.98px;white-space:nowrap">Co-Issuer</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:1874.36px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:1963.27px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:2470.22px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:3110.61px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:3448.58px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:3537.48px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:4000.06px;white-space:nowrap">5.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:4400.45px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:4542.72px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:4631.63px;white-space:nowrap">10/01/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5236.29px;left:9501.64px;white-space:nowrap">533,125</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5435.99px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:432px;white-space:nowrap">VICI </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:787.62px;white-space:nowrap">Properties </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:1561.3px;letter-spacing:-0.96px;white-space:nowrap">LP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:1798.56px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:1887.47px;white-space:nowrap">VICI </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:2243.09px;white-space:nowrap">Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:2625.52px;white-space:nowrap">Co., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:2963.41px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:3221.3px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:3310.2px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:3817.16px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:4155.13px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:4244.03px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:4706.61px;white-space:nowrap">3.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:5018.02px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5432.78px;left:5160.28px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5624.78px;left:576px;white-space:nowrap">2/15/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5624.78px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5624.78px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5624.78px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5624.78px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5624.78px;left:9501.64px;white-space:nowrap">728,875</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5824.47px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:432px;white-space:nowrap">XHR </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:814.27px;letter-spacing:-10.31px;white-space:nowrap">LP</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:989.34px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:1078.25px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:1585.2px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:2225.59px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:2563.56px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:2652.47px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:3115.05px;white-space:nowrap">4.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:3515.44px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:3657.7px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:3746.61px;white-space:nowrap">6/01/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:4355.35px;letter-spacing:58.18px;white-space:nowrap">.........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5821.26px;left:9501.64px;white-space:nowrap">412,500</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6105.03px;left:9368.2px;white-space:nowrap">3,409,043</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6403.35px;left:432px;white-space:nowrap">Food </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6403.35px;left:867.39px;white-space:nowrap">Products </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6403.35px;left:1605.28px;white-space:nowrap">1.4%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6603.05px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6599.84px;left:432px;white-space:nowrap">Chobani</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6599.84px;left:1072.47px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6599.84px;left:1410.44px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6599.84px;left:1499.34px;white-space:nowrap">Chobani</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6599.84px;left:2139.81px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6599.84px;left:2753.48px;white-space:nowrap">Corp., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6599.84px;left:3233.64px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6599.84px;left:3491.53px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6599.84px;left:3580.44px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6599.84px;left:4087.39px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6599.84px;left:4727.78px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6599.84px;left:5065.75px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6791.84px;left:576px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6791.84px;left:1038.58px;white-space:nowrap">4.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6791.84px;left:1438.97px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6791.84px;left:1581.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6791.84px;left:1670.14px;letter-spacing:-1.48px;white-space:nowrap">11/15/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6791.84px;left:2300.26px;letter-spacing:51.64px;white-space:nowrap">...............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6791.84px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6791.84px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6791.84px;left:7485.64px;white-space:nowrap">800,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6791.84px;left:9501.64px;white-space:nowrap">832,192</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6991.53px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6988.32px;left:432px;white-space:nowrap">JBS </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6988.32px;left:769.89px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6988.32px;left:1383.56px;white-space:nowrap">Luxembourg </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6988.32px;left:2317.47px;white-space:nowrap">SARL</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6988.32px;left:2735.44px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6988.32px;left:2824.34px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6988.32px;left:3331.3px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6988.32px;left:3704.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6988.32px;left:3793.88px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6988.32px;left:4256.45px;white-space:nowrap">3.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6988.32px;left:4656.84px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6988.32px;left:4799.11px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7180.32px;left:576px;white-space:nowrap">1/15/32</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7180.32px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7180.32px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7180.32px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7180.32px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7180.32px;left:9501.64px;white-space:nowrap">414,586</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7380.02px;left:328.29px;white-space:nowrap">f,g</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:432px;white-space:nowrap">Pilgrim&#39;s </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:1075.91px;white-space:nowrap">Pride </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:1493.88px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:1885.13px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:1974.03px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:2480.98px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:2854.66px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:2943.56px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:3406.14px;white-space:nowrap">3.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:3628.56px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:3770.83px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:3859.73px;white-space:nowrap">3/01/32</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:4448.76px;letter-spacing:59.33px;white-space:nowrap">........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7376.81px;left:9501.64px;white-space:nowrap">306,808</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7576.5px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7587.85px;left:432px;white-space:nowrap">Post </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7587.85px;left:796.61px;white-space:nowrap">Holdings, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7587.85px;left:1508.09px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7587.85px;left:1765.98px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7784.34px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7784.34px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7784.34px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7784.34px;left:2008.11px;white-space:nowrap">5.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7784.34px;left:2639.67px;white-space:nowrap">1/15/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7784.34px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7784.34px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7784.34px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7784.34px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7784.34px;left:9501.64px;white-space:nowrap">316,125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7980.82px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7980.82px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7980.82px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7980.82px;left:2008.11px;white-space:nowrap">4.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7980.82px;left:2639.67px;white-space:nowrap">4/15/30 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7980.82px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7980.82px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7980.82px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7980.82px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7980.82px;left:9513.52px;letter-spacing:-1.7px;white-space:nowrap">511,159</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8177.3px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8177.3px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8177.3px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8177.3px;left:2008.11px;white-space:nowrap">4.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8177.3px;left:2461.7px;white-space:nowrap">9/15/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8177.3px;left:3047.57px;letter-spacing:52.57px;white-space:nowrap">.......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8177.3px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8177.3px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8177.3px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8177.3px;left:9501.64px;white-space:nowrap">707,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8461.07px;left:9368.2px;white-space:nowrap">3,087,870</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8759.39px;left:432px;white-space:nowrap">Health </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8759.39px;left:965.44px;white-space:nowrap">Care </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8759.39px;left:1365.67px;white-space:nowrap">Equipment </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8759.39px;left:2236.77px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8759.39px;left:2396.77px;white-space:nowrap">Supplies </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8759.39px;left:3108.02px;white-space:nowrap">0.1%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8959.09px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8955.88px;left:432px;white-space:nowrap">Ortho-Clinical </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8955.88px;left:1445.59px;white-space:nowrap">Diagnostics, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8955.88px;left:2361.53px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8955.88px;left:2663.88px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8955.88px;left:2752.78px;white-space:nowrap">Ortho-Clinical </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8955.88px;left:3766.38px;white-space:nowrap">Diagnostics </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8955.88px;left:4637.86px;white-space:nowrap">SA</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8955.88px;left:4851.3px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9147.88px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9147.88px;left:1082.95px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9147.88px;left:1420.92px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9147.88px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9147.88px;left:1972.41px;white-space:nowrap">7.375</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9147.88px;left:2372.8px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9147.88px;left:2515.06px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9147.88px;left:2603.97px;white-space:nowrap">6/01/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9147.88px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9147.88px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9147.88px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9147.88px;left:7485.64px;white-space:nowrap">180,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9147.88px;left:9501.64px;white-space:nowrap">191,025</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9446.2px;left:432px;white-space:nowrap">Health </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9446.2px;left:965.44px;white-space:nowrap">Care </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9446.2px;left:1365.67px;white-space:nowrap">Providers </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9446.2px;left:2148.25px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9446.2px;left:2308.25px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9446.2px;left:3011.06px;white-space:nowrap">4.0%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9657.25px;left:432px;white-space:nowrap">Centene</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9657.25px;left:1081.38px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9657.25px;left:1472.63px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9853.73px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9853.73px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9853.73px;left:1545.53px;white-space:nowrap">2.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9853.73px;left:1999.13px;white-space:nowrap">3/01/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9853.73px;left:2580.5px;letter-spacing:51.92px;white-space:nowrap">............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9853.73px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9853.73px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9853.73px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9853.73px;left:9501.64px;white-space:nowrap">499,335</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10050.22px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10050.22px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10050.22px;left:1509.83px;white-space:nowrap">2.45%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10050.22px;left:2052.41px;white-space:nowrap">7/15/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10050.22px;left:2673.91px;letter-spacing:52.03px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10050.22px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10050.22px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10050.22px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10050.22px;left:9501.64px;white-space:nowrap">508,034</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10246.7px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10246.7px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10246.7px;left:1509.83px;white-space:nowrap">2.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10246.7px;left:2141.39px;white-space:nowrap">8/01/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10246.7px;left:2767.33px;letter-spacing:52.15px;white-space:nowrap">..........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10246.7px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10246.7px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10246.7px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10246.7px;left:9501.64px;white-space:nowrap">507,500</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10446.4px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10457.75px;left:432px;white-space:nowrap">CHS/Community </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10457.75px;left:1667.78px;white-space:nowrap">Health </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10457.75px;left:2174.73px;white-space:nowrap">Systems, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10457.75px;left:2877.08px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10457.75px;left:3134.97px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:576px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:1216.39px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:1643.27px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:2105.84px;white-space:nowrap">6.125%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:2737.41px;white-space:nowrap">4/01/30 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:3327.81px;letter-spacing:53.11px;white-space:nowrap">....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:9501.64px;white-space:nowrap">504,687</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10850.72px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10850.72px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10850.72px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10850.72px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10850.72px;left:2612.8px;white-space:nowrap">6.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10850.72px;left:3244.36px;white-space:nowrap">2/15/25 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10850.72px;left:3888.29px;letter-spacing:54.89px;white-space:nowrap">..............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10850.72px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10850.72px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10850.72px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10850.72px;left:9501.64px;white-space:nowrap">526,189</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11047.2px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11047.2px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11047.2px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11047.2px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11047.2px;left:2612.8px;white-space:nowrap">6%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11047.2px;left:2932.95px;white-space:nowrap">1/15/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11047.2px;left:3514.63px;letter-spacing:53.57px;white-space:nowrap">..................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11047.2px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11047.2px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11047.2px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11047.2px;left:9501.64px;white-space:nowrap">320,250</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11246.9px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:432px;letter-spacing:-0.36px;white-space:nowrap">DaVita, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:998.25px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:1256.14px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:1345.05px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:1852px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:2189.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:2278.88px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:2741.45px;white-space:nowrap">4.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:3141.84px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:3284.11px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:3373.02px;white-space:nowrap">6/01/30</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:3981.7px;letter-spacing:55.34px;white-space:nowrap">.............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11243.68px;left:9501.64px;white-space:nowrap">732,487</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11440.17px;left:432px;white-space:nowrap">HCA, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11440.17px;left:858.72px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11440.17px;left:1116.61px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11440.17px;left:1205.52px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11440.17px;left:1712.47px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11440.17px;left:2086.14px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11440.17px;left:2175.05px;white-space:nowrap">5.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11440.17px;left:2575.44px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11440.17px;left:2717.7px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11440.17px;left:2806.61px;white-space:nowrap">2/15/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11440.17px;left:3421.22px;letter-spacing:53.33px;white-space:nowrap">...................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11440.17px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11440.17px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11440.17px;left:7352.2px;white-space:nowrap">1,400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11440.17px;left:9368.2px;white-space:nowrap">1,625,470</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11639.86px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:432px;white-space:nowrap">ModivCare</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:1250.05px;white-space:nowrap">Escrow </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:1819.03px;letter-spacing:-1.1px;white-space:nowrap">Issuer, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:2334.81px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:2592.7px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:2681.61px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:3188.56px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:3526.53px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:3615.44px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:4078.02px;white-space:nowrap">5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:4167px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:4309.27px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:4398.17px;white-space:nowrap">10/01/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:5102.66px;letter-spacing:131.93px;white-space:nowrap">.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:7485.64px;white-space:nowrap">100,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11636.65px;left:9501.64px;white-space:nowrap">102,797</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11836.35px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:432px;white-space:nowrap">ModivCare</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:1205.59px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:1294.5px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:1552.39px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:1641.3px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:2148.25px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:2486.22px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:2575.13px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:3037.7px;white-space:nowrap">5.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:3438.09px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:3580.36px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:3669.27px;letter-spacing:-1.48px;white-space:nowrap">11/15/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:4355.35px;letter-spacing:58.18px;white-space:nowrap">.........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11833.14px;left:9368.2px;white-space:nowrap">1,063,750</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:12032.83px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:432px;white-space:nowrap">MPH </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:823.17px;white-space:nowrap">Acquisition </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:1641.38px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:2308.41px;white-space:nowrap">LLC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:2601.92px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:2690.83px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:3197.78px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:3535.75px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:3624.66px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:4087.23px;white-space:nowrap">5.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:4398.64px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:4540.91px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:4629.81px;letter-spacing:-1.48px;white-space:nowrap">11/01/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:7352.2px;white-space:nowrap">1,500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12029.62px;left:9368.2px;white-space:nowrap">1,434,495</div></div>
		</div>


</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:928.8px;width:712.8px;transform-origin:top left;transform:scale(1.2,1.2)"><div style="position:absolute;top:0px;left:0px;width:594px;height:774px">
		<div style="height:51px;left:36px;position:absolute;top:32px;width:504px">
			<div style="width:10080px;height:936px;position:absolute;top:3.86px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">


			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.67px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:793.16px;letter-spacing:10.32px;white-space:nowrap">Universal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1686.13px;letter-spacing:9.15px;white-space:nowrap">Trust</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:0px;letter-spacing:8.65px;white-space:nowrap">Statement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:929.45px;letter-spacing:8px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:1184.2px;letter-spacing:10.91px;white-space:nowrap">Investments</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1028.91px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1291.48px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2174.06px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2531.56px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2757.66px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2940.08px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3406.88px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3669.45px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3815.39px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4172.89px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4690.78px;white-space:nowrap">statements.</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">14</div></div>
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			<div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:432px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:6010.72px;white-space:nowrap">Country</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:7388.22px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:7423.4px;white-space:nowrap">Amount</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:216.23px;left:8027.7px;white-space:nowrap">*</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:8451.51px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:6612.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:8052.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:8484.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:10068.88px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:432px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:1443.23px;white-space:nowrap">Bonds </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:533.18px;left:2120.96px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:432px;white-space:nowrap">Health </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:965.44px;white-space:nowrap">Care </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:1365.67px;white-space:nowrap">Providers </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:2148.25px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:2308.25px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:744.23px;left:3011.06px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:943.92px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:432px;letter-spacing:-2.96px;white-space:nowrap">Tenet </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:867.86px;white-space:nowrap">Healthcare </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:1686.06px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2077.31px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2166.22px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2673.17px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3011.14px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3100.05px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3562.63px;white-space:nowrap">6.125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3963.02px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:4105.28px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:4194.19px;white-space:nowrap">10/01/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:4822.42px;letter-spacing:69.7px;white-space:nowrap">....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:9279.22px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:9368.2px;white-space:nowrap">1,057,500</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1224.48px;left:9368.2px;white-space:nowrap">8,882,494</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1522.8px;left:432px;white-space:nowrap">Hotels, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1522.8px;left:1009.89px;white-space:nowrap">Restaurants </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1522.8px;left:1979.11px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1522.8px;left:2139.11px;white-space:nowrap">Leisure </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1522.8px;left:2752.7px;white-space:nowrap">7.2%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1722.5px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:432px;letter-spacing:-1.48px;white-space:nowrap">1011778 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:1087.47px;white-space:nowrap">BC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:1354.19px;white-space:nowrap">ULC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:1718.72px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:1807.63px;white-space:nowrap">New </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:2172.16px;white-space:nowrap">Red </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:2510.13px;white-space:nowrap">Finance, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:3168.25px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:3426.14px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:3515.05px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:4155.44px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:4529.11px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:4618.02px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:576px;white-space:nowrap">4</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:664.98px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:807.25px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:896.16px;white-space:nowrap">10/15/30</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:1552.96px;letter-spacing:51.09px;white-space:nowrap">.......................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:6063.53px;white-space:nowrap">Canada</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:9501.64px;white-space:nowrap">995,730</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2110.98px;left:328.29px;white-space:nowrap">f,h</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:432px;white-space:nowrap">24 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:654.42px;white-space:nowrap">Hour </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:1045.67px;white-space:nowrap">Fitness </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:1605.83px;letter-spacing:-0.26px;white-space:nowrap">Worldwide, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:2438.72px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:2696.61px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:2785.52px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:3292.47px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:3630.44px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:3719.34px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:4181.92px;white-space:nowrap">8</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:4270.91px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:4413.17px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:4502.08px;white-space:nowrap">6/01/22</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:5102.66px;letter-spacing:131.93px;white-space:nowrap">.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:7352.2px;white-space:nowrap">1,800,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2107.77px;left:9813.05px;white-space:nowrap">540</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2307.46px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:432px;white-space:nowrap">Boyd </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:841.14px;white-space:nowrap">Gaming </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:1445.83px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:1837.08px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:1925.98px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:2432.94px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:2770.91px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:2859.81px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:3322.39px;white-space:nowrap">8.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:3722.78px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:3865.05px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:3953.95px;white-space:nowrap">6/01/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:4542.18px;letter-spacing:60.81px;white-space:nowrap">.......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:7485.64px;white-space:nowrap">800,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2304.25px;left:9501.64px;white-space:nowrap">868,840</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2503.95px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:432px;white-space:nowrap">Boyne </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:930.13px;white-space:nowrap">USA, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:1348.02px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:1605.91px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:1694.81px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:2201.77px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:2539.73px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:2628.64px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:3091.22px;white-space:nowrap">4.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:3402.63px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:3544.89px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:3633.8px;white-space:nowrap">5/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:4168.52px;letter-spacing:56.5px;white-space:nowrap">...........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2500.74px;left:9501.64px;white-space:nowrap">310,125</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2700.43px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2697.22px;left:432px;white-space:nowrap">Caesars </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2697.22px;left:1072.23px;white-space:nowrap">Entertainment, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2697.22px;left:2157.23px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2697.22px;left:2415.13px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2697.22px;left:2504.03px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2697.22px;left:3010.98px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2697.22px;left:3651.38px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2697.22px;left:3989.34px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2697.22px;left:4078.25px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2697.22px;left:4540.83px;white-space:nowrap">6.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2697.22px;left:4852.23px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2697.22px;left:4994.5px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2889.22px;left:576px;white-space:nowrap">7/01/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2889.22px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2889.22px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2889.22px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2889.22px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2889.22px;left:9501.64px;white-space:nowrap">740,740</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3088.92px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3085.71px;left:432px;white-space:nowrap">Caesars </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3085.71px;left:1072.23px;white-space:nowrap">Resort </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3085.71px;left:1587.94px;white-space:nowrap">Collection </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3085.71px;left:2334.97px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3085.71px;left:2672.94px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3085.71px;left:2761.84px;white-space:nowrap">CRC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3085.71px;left:3152.94px;white-space:nowrap">Finco</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3085.71px;left:3544.19px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3085.71px;left:3633.09px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3085.71px;left:3890.98px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3085.71px;left:3979.89px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3085.71px;left:4486.84px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3277.71px;left:576px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3277.71px;left:913.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3277.71px;left:1002.88px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3277.71px;left:1465.45px;white-space:nowrap">5.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3277.71px;left:1776.86px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3277.71px;left:1919.13px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3277.71px;left:2008.03px;white-space:nowrap">7/01/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3277.71px;left:2580.5px;letter-spacing:51.92px;white-space:nowrap">............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3277.71px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3277.71px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3277.71px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3277.71px;left:9501.64px;white-space:nowrap">420,800</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3477.4px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3488.75px;left:432px;white-space:nowrap">Carnival </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3488.75px;left:1063.33px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3488.75px;left:1454.58px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3685.24px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3685.24px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3685.24px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3685.24px;left:1972.41px;white-space:nowrap">7.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3685.24px;left:2603.97px;white-space:nowrap">3/01/26 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3685.24px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3685.24px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3685.24px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3685.24px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3685.24px;left:9501.64px;white-space:nowrap">425,800</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3881.72px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3881.72px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3881.72px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3881.72px;left:1972.41px;white-space:nowrap">5.75%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3881.72px;left:2514.98px;white-space:nowrap">3/01/27 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3881.72px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3881.72px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3881.72px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3881.72px;left:7352.2px;white-space:nowrap">1,500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3881.72px;left:9368.2px;white-space:nowrap">1,535,497</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4081.42px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4078.21px;left:432px;white-space:nowrap">Downstream </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4078.21px;left:1374.5px;white-space:nowrap">Development </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4078.21px;left:2352.86px;white-space:nowrap">Authority </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4078.21px;left:3028.72px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4078.21px;left:3206.61px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4078.21px;left:3473.48px;white-space:nowrap">Quapaw </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4078.21px;left:4110.98px;letter-spacing:-0.99px;white-space:nowrap">Tribe </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4078.21px;left:4514.03px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:576px;white-space:nowrap">Oklahoma</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:1305.22px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:1394.13px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:1901.08px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:2541.47px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:2879.44px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:2968.34px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:3430.92px;white-space:nowrap">10.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:3742.33px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:3884.59px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:3973.5px;white-space:nowrap">2/15/23</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:4542.18px;letter-spacing:60.81px;white-space:nowrap">.......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:7352.2px;white-space:nowrap">1,500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4270.21px;left:9368.2px;white-space:nowrap">1,567,500</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4469.9px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:432px;white-space:nowrap">Everi</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:840.98px;white-space:nowrap">Holdings, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:1552.47px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:1810.36px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:1899.27px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:2406.22px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:2744.19px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:2833.09px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:3295.67px;white-space:nowrap">5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:3384.66px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:3526.92px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:3615.83px;white-space:nowrap">7/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:4168.52px;letter-spacing:56.5px;white-space:nowrap">...........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4466.69px;left:9501.64px;white-space:nowrap">717,325</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4666.38px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:432px;white-space:nowrap">Golden </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:992.39px;white-space:nowrap">Nugget, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:1597.23px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:1855.13px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:1944.03px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:2450.98px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:2788.95px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:2877.86px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:3340.44px;white-space:nowrap">6.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:3651.84px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:3794.11px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:3883.02px;white-space:nowrap">10/15/24</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:4542.18px;letter-spacing:60.81px;white-space:nowrap">.......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:7352.2px;white-space:nowrap">1,300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4663.17px;left:9368.2px;white-space:nowrap">1,304,615</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4862.87px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4874.22px;left:432px;white-space:nowrap">International </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4874.22px;left:1357.08px;white-space:nowrap">Game </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4874.22px;left:1834.34px;letter-spacing:-1.61px;white-space:nowrap">Technology </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4874.22px;left:2688.25px;white-space:nowrap">plc</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4874.22px;left:2892.78px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5070.7px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5070.7px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5070.7px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5070.7px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5070.7px;left:2612.8px;white-space:nowrap">4.125%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5070.7px;left:3244.36px;white-space:nowrap">4/15/26 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5070.7px;left:3888.29px;letter-spacing:54.89px;white-space:nowrap">..............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5070.7px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5070.7px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5070.7px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5070.7px;left:9513.52px;letter-spacing:-1.7px;white-space:nowrap">311,940</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5267.19px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5267.19px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5267.19px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5267.19px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5267.19px;left:2612.8px;white-space:nowrap">5.25%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5267.19px;left:3155.38px;white-space:nowrap">1/15/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5267.19px;left:3794.87px;letter-spacing:54.49px;white-space:nowrap">...............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5267.19px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5267.19px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5267.19px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5267.19px;left:9501.64px;white-space:nowrap">427,500</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5466.88px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:432px;white-space:nowrap">Motion </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:956.69px;white-space:nowrap">Bondco</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:1543.8px;white-space:nowrap">DAC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:1881.61px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:1970.52px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:2477.47px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:2815.44px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:2904.34px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:3366.92px;white-space:nowrap">6.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:3767.31px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:3909.58px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:3998.48px;letter-spacing:-1.48px;white-space:nowrap">11/15/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:4635.59px;letter-spacing:62.79px;white-space:nowrap">......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:5485.56px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:5992.52px;white-space:nowrap">Kingdom</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5463.67px;left:9501.64px;white-space:nowrap">201,817</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5663.37px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:432px;letter-spacing:-1.48px;white-space:nowrap">NCL </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:790.59px;white-space:nowrap">Corp. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:1226.3px;white-space:nowrap">Ltd.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:1493.17px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:1582.08px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:2089.03px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:2427px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:2515.91px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:2978.48px;white-space:nowrap">5.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:3378.88px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:3521.14px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:3610.05px;white-space:nowrap">3/15/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:4168.52px;letter-spacing:56.5px;white-space:nowrap">...........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5660.16px;left:9501.64px;white-space:nowrap">301,125</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5859.85px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:432px;white-space:nowrap">Penn </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:850.13px;white-space:nowrap">National </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:1481.61px;white-space:nowrap">Gaming, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:2130.75px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:2388.64px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:2477.55px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:2984.5px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:3322.47px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:3411.38px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:3873.95px;white-space:nowrap">4.125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:4274.34px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:4416.61px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:4505.52px;white-space:nowrap">7/01/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:5102.66px;letter-spacing:131.93px;white-space:nowrap">.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5856.64px;left:9501.64px;white-space:nowrap">400,008</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6056.34px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6053.13px;left:432px;white-space:nowrap">Premier </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6053.13px;left:1036.53px;white-space:nowrap">Entertainment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6053.13px;left:2077.08px;white-space:nowrap">Sub </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6053.13px;left:2406.22px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6053.13px;left:2744.19px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6053.13px;left:2833.09px;white-space:nowrap">Premier </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6053.13px;left:3437.63px;white-space:nowrap">Entertainment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6053.13px;left:4478.17px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6245.13px;left:576px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6245.13px;left:967.25px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6441.61px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6441.61px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6441.61px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6441.61px;left:2008.11px;white-space:nowrap">5.875%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6441.61px;left:2639.67px;white-space:nowrap">9/01/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6441.61px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6441.61px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6441.61px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6441.61px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6441.61px;left:9501.64px;white-space:nowrap">513,158</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6638.09px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6638.09px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6638.09px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6638.09px;left:1972.41px;white-space:nowrap">5.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6638.09px;left:2603.97px;white-space:nowrap">9/01/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6638.09px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6638.09px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6638.09px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6638.09px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6638.09px;left:9368.2px;white-space:nowrap">1,026,930</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6837.79px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:432px;white-space:nowrap">Royal </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:885.52px;white-space:nowrap">Caribbean </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:1668.25px;white-space:nowrap">Cruises </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:2255.05px;white-space:nowrap">Ltd.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:2521.92px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:2610.83px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:3117.78px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:3455.75px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:3544.66px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:4007.23px;white-space:nowrap">5.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:4229.66px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:4371.92px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:4460.83px;white-space:nowrap">8/31/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:5009.24px;letter-spacing:90.45px;white-space:nowrap">..</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6834.58px;left:9501.64px;white-space:nowrap">507,500</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7034.27px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7031.06px;left:432px;white-space:nowrap">Six </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7031.06px;left:698.72px;white-space:nowrap">Flags </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7031.06px;left:1131.53px;white-space:nowrap">Theme </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7031.06px;left:1673.95px;white-space:nowrap">Parks, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7031.06px;left:2171.84px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7031.06px;left:2429.73px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7031.06px;left:2518.64px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7031.06px;left:3025.59px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7031.06px;left:3665.98px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7031.06px;left:4003.95px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7031.06px;left:4092.86px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7031.06px;left:4555.44px;white-space:nowrap">7</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7031.06px;left:4644.42px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7031.06px;left:4786.69px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7223.06px;left:576px;white-space:nowrap">7/01/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7223.06px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7223.06px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7223.06px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7223.06px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7223.06px;left:9501.64px;white-space:nowrap">214,000</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7422.76px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:432px;white-space:nowrap">Studio </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:930.13px;white-space:nowrap">City </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:1250.13px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:1863.8px;white-space:nowrap">Ltd.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:2130.67px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:2219.58px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:2726.53px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:3064.5px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:3153.41px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:3615.98px;white-space:nowrap">5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:3704.97px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:3847.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:3936.14px;white-space:nowrap">1/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:4542.18px;letter-spacing:60.81px;white-space:nowrap">.......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:6143.77px;white-space:nowrap">Macau</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:7352.2px;white-space:nowrap">1,600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7419.55px;left:9368.2px;white-space:nowrap">1,579,432</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7619.24px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:432px;letter-spacing:-2.37px;white-space:nowrap">Vail </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:731.38px;white-space:nowrap">Resorts, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:1371.53px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:1629.42px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:1718.33px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:2225.28px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:2563.25px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:2652.16px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:3114.73px;white-space:nowrap">6.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:3426.14px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:3568.41px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:3657.31px;white-space:nowrap">5/15/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:4261.94px;letter-spacing:57.26px;white-space:nowrap">..........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7616.03px;left:9501.64px;white-space:nowrap">320,037</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7815.73px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:432px;letter-spacing:-0.28px;white-space:nowrap">Wynn </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:884.03px;white-space:nowrap">Macau </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:1408.72px;white-space:nowrap">Ltd.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:1675.59px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:1764.5px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:2271.45px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:2609.42px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:2698.33px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:3160.91px;white-space:nowrap">5.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:3561.3px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:3703.56px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:3792.47px;white-space:nowrap">8/26/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:4355.35px;letter-spacing:58.18px;white-space:nowrap">.........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:6143.77px;white-space:nowrap">Macau</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7812.52px;left:9501.64px;white-space:nowrap">304,263</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8012.21px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8009px;left:432px;letter-spacing:-0.28px;white-space:nowrap">Wynn </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8009px;left:884.03px;white-space:nowrap">Resorts </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8009px;left:1479.73px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8009px;left:2093.41px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8009px;left:2431.38px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8009px;left:2520.28px;letter-spacing:-0.28px;white-space:nowrap">Wynn </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8009px;left:2972.31px;white-space:nowrap">Resorts </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8009px;left:3568.02px;white-space:nowrap">Capital </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8009px;left:4110.52px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8009px;left:4501.77px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8009px;left:4590.67px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8201px;left:576px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8201px;left:913.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8201px;left:1002.88px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8201px;left:1465.45px;white-space:nowrap">7.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8201px;left:1776.86px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8201px;left:1919.13px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8201px;left:2008.03px;white-space:nowrap">4/15/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8201px;left:2580.5px;letter-spacing:51.92px;white-space:nowrap">............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8201px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8201px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8201px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8201px;left:9368.2px;white-space:nowrap">1,063,790</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8484.76px;left:9279.22px;white-space:nowrap">16,059,012</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8783.09px;left:432px;white-space:nowrap">Household </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8783.09px;left:1303.09px;white-space:nowrap">Durables </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8783.09px;left:2032.23px;white-space:nowrap">1.1%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8982.78px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8979.57px;left:432px;white-space:nowrap">Ashton </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8979.57px;left:974.58px;letter-spacing:-0.48px;white-space:nowrap">Woods </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8979.57px;left:1514.11px;letter-spacing:-2.21px;white-space:nowrap">USA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8979.57px;left:1878.72px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8979.57px;left:2216.69px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8979.57px;left:2296.77px;white-space:nowrap">Ashton </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8979.57px;left:2839.34px;letter-spacing:-0.48px;white-space:nowrap">Woods </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8979.57px;left:3378.88px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8979.57px;left:3992.55px;white-space:nowrap">Co.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8979.57px;left:4241.53px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8979.57px;left:4330.44px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8979.57px;left:4837.39px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8979.57px;left:5175.36px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9171.57px;left:576px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9171.57px;left:1038.58px;white-space:nowrap">4.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9171.57px;left:1438.97px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9171.57px;left:1581.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9171.57px;left:1670.14px;white-space:nowrap">8/01/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9171.57px;left:2206.85px;letter-spacing:51.55px;white-space:nowrap">................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9171.57px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9171.57px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9171.57px;left:7352.2px;white-space:nowrap">1,500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9171.57px;left:9368.2px;white-space:nowrap">1,502,183</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9371.27px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:432px;white-space:nowrap">M/I </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:698.64px;white-space:nowrap">Homes, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:1294.34px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:1552.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:1641.14px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:2148.09px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:2486.06px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:2574.97px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:3037.55px;white-space:nowrap">3.95</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:3348.95px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:3491.22px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:3580.13px;white-space:nowrap">2/15/30</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:4168.52px;letter-spacing:56.5px;white-space:nowrap">...........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9368.06px;left:9501.64px;white-space:nowrap">607,152</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9567.75px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9564.54px;left:432px;white-space:nowrap">Williams </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9564.54px;left:1071.92px;white-space:nowrap">Scotsman </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9564.54px;left:1827.78px;white-space:nowrap">International, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9564.54px;left:2797.31px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9564.54px;left:3055.2px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9564.54px;left:3144.11px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9564.54px;left:3651.06px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9564.54px;left:4291.45px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9564.54px;left:4629.42px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9564.54px;left:4718.33px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9756.54px;left:576px;white-space:nowrap">4.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9756.54px;left:976.39px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9756.54px;left:1118.66px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9756.54px;left:1207.56px;white-space:nowrap">8/15/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9756.54px;left:1741.39px;letter-spacing:51.2px;white-space:nowrap">.....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9756.54px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9756.54px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9756.54px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9756.54px;left:9513.52px;letter-spacing:-1.7px;white-space:nowrap">311,625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10040.31px;left:9368.2px;white-space:nowrap">2,420,960</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10338.63px;left:432px;white-space:nowrap">Independent </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10338.63px;left:1427.55px;white-space:nowrap">Power </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10338.63px;left:1952.16px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10338.63px;left:2281.06px;white-space:nowrap">Renewable </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10338.63px;left:3161.38px;white-space:nowrap">Electricity </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10338.63px;left:3970.67px;white-space:nowrap">Producers </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10338.63px;left:4806.53px;white-space:nowrap">3.4%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10538.33px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10535.12px;left:432px;white-space:nowrap">Atlantica</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10535.12px;left:1090.13px;white-space:nowrap">Sustainable </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10535.12px;left:1970.75px;white-space:nowrap">Infrastructure </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10535.12px;left:2957.78px;white-space:nowrap">plc</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10535.12px;left:3162.31px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10535.12px;left:3251.22px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10535.12px;left:3758.17px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10535.12px;left:4096.14px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10535.12px;left:4185.05px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10535.12px;left:4647.63px;white-space:nowrap">4.125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10535.12px;left:5048.02px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10535.12px;left:5190.28px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10727.12px;left:576px;white-space:nowrap">6/15/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10727.12px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10727.12px;left:6214.78px;white-space:nowrap">Spain</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10727.12px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10727.12px;left:9501.64px;white-space:nowrap">419,906</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10926.81px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10938.16px;left:432px;white-space:nowrap">Calpine </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10938.16px;left:1019.03px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10938.16px;left:1410.28px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11134.65px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11134.65px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11134.65px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11134.65px;left:2008.11px;white-space:nowrap">5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11134.65px;left:2328.27px;white-space:nowrap">2/01/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11134.65px;left:2954.15px;letter-spacing:52.42px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11134.65px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11134.65px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11134.65px;left:7485.64px;white-space:nowrap">900,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11134.65px;left:9501.64px;white-space:nowrap">916,947</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11331.13px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11331.13px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11331.13px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11331.13px;left:1972.41px;white-space:nowrap">4.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11331.13px;left:2603.97px;white-space:nowrap">2/01/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11331.13px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11331.13px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11331.13px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11331.13px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11331.13px;left:9501.64px;white-space:nowrap">703,220</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3857.28px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4119.86px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5002.43px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5359.93px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5586.03px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5768.45px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6235.25px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6497.83px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6643.76px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7001.26px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7519.15px;white-space:nowrap">statements.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8353.45px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8798.45px;white-space:nowrap">Report</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="background-image:url(data:image/png;base64,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			<div style="width:10080px;height:12269px;position:absolute;top:1.32px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">


















































































































































































			<div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:432px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:6010.72px;white-space:nowrap">Country</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:7388.22px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:7423.4px;white-space:nowrap">Amount</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:216.23px;left:8027.7px;white-space:nowrap">*</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:8451.51px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:6612.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:8052.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:8484.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:10068.88px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:432px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:1443.23px;white-space:nowrap">Bonds </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:533.18px;left:2120.96px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:432px;white-space:nowrap">Independent </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:1427.55px;white-space:nowrap">Power </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:1952.16px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:2281.06px;white-space:nowrap">Renewable </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:3161.38px;white-space:nowrap">Electricity </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:3970.67px;white-space:nowrap">Producers </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:744.23px;left:4806.53px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:955.27px;left:432px;white-space:nowrap">Clearway </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:955.27px;left:1143.33px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:955.27px;left:1694.73px;white-space:nowrap">Operating </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:955.27px;left:2441.84px;white-space:nowrap">LLC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:955.27px;left:2735.36px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:1509.83px;white-space:nowrap">5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:1829.98px;white-space:nowrap">9/15/26 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:2487.09px;letter-spacing:51.82px;white-space:nowrap">.............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:9412.66px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1151.76px;left:9501.64px;white-space:nowrap">719,593</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1351.45px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:1972.41px;white-space:nowrap">4.75%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:2514.98px;white-space:nowrap">3/15/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1348.24px;left:9501.64px;white-space:nowrap">635,970</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1547.94px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:1972.41px;white-space:nowrap">3.75%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:2514.98px;white-space:nowrap">2/15/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1544.72px;left:9501.64px;white-space:nowrap">305,247</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1744.42px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:432px;white-space:nowrap">InterGen</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:1099.03px;letter-spacing:-7.34px;white-space:nowrap">NV</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:1306.61px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:1395.52px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:1902.47px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:2542.86px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:2916.53px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:3005.44px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:3468.02px;white-space:nowrap">7</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:3557px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:3699.27px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:3788.17px;white-space:nowrap">6/30/23</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:4355.35px;letter-spacing:58.18px;white-space:nowrap">.........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:5761.27px;white-space:nowrap">Netherlands</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:7352.2px;white-space:nowrap">1,900,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1741.21px;left:9368.2px;white-space:nowrap">1,883,432</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1940.9px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1937.69px;left:432px;white-space:nowrap">Leeward </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1937.69px;left:1090.2px;white-space:nowrap">Renewable </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1937.69px;left:1935.2px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1937.69px;left:2486.61px;white-space:nowrap">Operations </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1937.69px;left:3313.72px;white-space:nowrap">LLC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1937.69px;left:3607.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1937.69px;left:3696.14px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1937.69px;left:4203.09px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1937.69px;left:4541.06px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1937.69px;left:4629.97px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2129.69px;left:576px;white-space:nowrap">4.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2129.69px;left:887.41px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2129.69px;left:1029.67px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2129.69px;left:1118.58px;white-space:nowrap">7/01/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2129.69px;left:1739.78px;letter-spacing:51.2px;white-space:nowrap">.....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2129.69px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2129.69px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2129.69px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2129.69px;left:9368.2px;white-space:nowrap">1,022,105</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:432px;letter-spacing:-2.96px;white-space:nowrap">Talen </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:858.95px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:1410.36px;white-space:nowrap">Supply </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:1944.03px;white-space:nowrap">LLC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:2237.55px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:2326.45px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:2833.41px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:3171.38px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:3260.28px;white-space:nowrap">6.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:3482.7px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:3624.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:3713.88px;white-space:nowrap">6/01/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:4261.94px;letter-spacing:57.26px;white-space:nowrap">..........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:7352.2px;white-space:nowrap">2,100,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2326.18px;left:9501.64px;white-space:nowrap">905,772</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2609.94px;left:9368.2px;white-space:nowrap">7,512,192</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2908.27px;left:432px;white-space:nowrap">Insurance </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2908.27px;left:1232.31px;white-space:nowrap">0.5%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3107.96px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3104.75px;left:432px;white-space:nowrap">Alliant </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3104.75px;left:912.23px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3104.75px;left:1579.27px;white-space:nowrap">Intermediate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3104.75px;left:2513.09px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3104.75px;left:2851.06px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3104.75px;left:2931.14px;white-space:nowrap">Alliant </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3104.75px;left:3411.38px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3104.75px;left:4078.41px;letter-spacing:-0.98px;white-space:nowrap">Co-Issuer</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3104.75px;left:4763.09px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3104.75px;left:4852px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3296.75px;left:576px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3296.75px;left:913.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3296.75px;left:1002.88px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3296.75px;left:1465.45px;white-space:nowrap">6.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3296.75px;left:1776.86px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3296.75px;left:1919.13px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3296.75px;left:2008.03px;white-space:nowrap">10/15/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3296.75px;left:2673.91px;letter-spacing:52.03px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3296.75px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3296.75px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3296.75px;left:7352.2px;white-space:nowrap">1,100,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3296.75px;left:9368.2px;white-space:nowrap">1,145,375</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3595.08px;left:432px;white-space:nowrap">Internet </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3595.08px;left:1063.17px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3595.08px;left:1223.17px;white-space:nowrap">Direct </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3595.08px;left:1721.14px;white-space:nowrap">Marketing </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3595.08px;left:2521.3px;white-space:nowrap">Retail </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3595.08px;left:3001.45px;white-space:nowrap">0.2%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3794.77px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:432px;white-space:nowrap">Match </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:912.16px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:1401.3px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:2068.33px;white-space:nowrap">II </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:2201.69px;white-space:nowrap">LLC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:2495.2px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:2584.11px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:3091.06px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:3429.03px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:3517.94px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:3980.52px;white-space:nowrap">4.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:4380.91px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:4523.17px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:4612.08px;white-space:nowrap">6/01/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3791.56px;left:9501.64px;white-space:nowrap">522,725</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4089.89px;left:432px;white-space:nowrap">IT </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4089.89px;left:618.64px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4089.89px;left:1321.45px;white-space:nowrap">1.8%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4289.58px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4286.37px;left:432px;white-space:nowrap">Cablevision </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4286.37px;left:1303.56px;white-space:nowrap">Lightpath</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4286.37px;left:2006.38px;white-space:nowrap">LLC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4286.37px;left:2299.89px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4286.37px;left:2388.8px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4286.37px;left:2895.75px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4286.37px;left:3536.14px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4286.37px;left:3874.11px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4286.37px;left:3963.02px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4286.37px;left:4425.59px;white-space:nowrap">3.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4286.37px;left:4825.98px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4286.37px;left:4968.25px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4478.37px;left:576px;white-space:nowrap">9/15/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4478.37px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4478.37px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4478.37px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4478.37px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4478.37px;left:9501.64px;white-space:nowrap">495,100</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4678.07px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4674.86px;left:432px;white-space:nowrap">Cogent </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4674.86px;left:992.39px;white-space:nowrap">Communications </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4674.86px;left:2228.41px;white-space:nowrap">Group, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4674.86px;left:2762px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4674.86px;left:3019.89px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4674.86px;left:3108.8px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4674.86px;left:3615.75px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4674.86px;left:4256.14px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4674.86px;left:4594.11px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4674.86px;left:4683.02px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4866.86px;left:576px;white-space:nowrap">3.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4866.86px;left:798.42px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4866.86px;left:940.69px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4866.86px;left:1029.59px;white-space:nowrap">5/01/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4866.86px;left:1646.37px;letter-spacing:51.14px;white-space:nowrap">......................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4866.86px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4866.86px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4866.86px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4866.86px;left:9501.64px;white-space:nowrap">512,225</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5066.55px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5077.9px;left:432px;letter-spacing:-0.98px;white-space:nowrap">Gartner, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5077.9px;left:1054.5px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5077.9px;left:1312.39px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5274.38px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5274.38px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5274.38px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5274.38px;left:1972.41px;white-space:nowrap">4.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5274.38px;left:2426px;white-space:nowrap">7/01/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5274.38px;left:3047.57px;letter-spacing:52.57px;white-space:nowrap">.......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5274.38px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5274.38px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5274.38px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5274.38px;left:9501.64px;white-space:nowrap">530,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5470.87px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5470.87px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5470.87px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5470.87px;left:1972.41px;white-space:nowrap">3.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5470.87px;left:2603.97px;white-space:nowrap">6/15/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5470.87px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5470.87px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5470.87px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5470.87px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5470.87px;left:9501.64px;white-space:nowrap">206,160</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5667.35px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5667.35px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5667.35px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5667.35px;left:1972.41px;white-space:nowrap">3.75%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5667.35px;left:2514.98px;white-space:nowrap">10/01/30 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5667.35px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5667.35px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5667.35px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5667.35px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5667.35px;left:9501.64px;white-space:nowrap">314,295</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5867.05px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5863.84px;left:432px;white-space:nowrap">Northwest </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5863.84px;left:1196.69px;white-space:nowrap">Fiber </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5863.84px;left:1605.67px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5863.84px;left:1943.64px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5863.84px;left:2032.55px;white-space:nowrap">Northwest </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5863.84px;left:2797.23px;white-space:nowrap">Fiber </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5863.84px;left:3206.22px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5863.84px;left:3819.89px;white-space:nowrap">Sub, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5863.84px;left:4193.48px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5863.84px;left:4451.38px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5863.84px;left:4540.28px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.84px;left:576px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.84px;left:913.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.84px;left:1002.88px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.84px;left:1465.45px;white-space:nowrap">6</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.84px;left:1554.44px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.84px;left:1696.7px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.84px;left:1785.61px;white-space:nowrap">2/15/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.84px;left:2393.68px;letter-spacing:51.73px;white-space:nowrap">..............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.84px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.84px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.84px;left:7352.2px;white-space:nowrap">1,100,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.84px;left:9368.2px;white-space:nowrap">1,096,167</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6255.53px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:432px;white-space:nowrap">Presidio </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:1054.5px;white-space:nowrap">Holdings, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:1765.98px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:2023.88px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:2112.78px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:2619.73px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:2957.7px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:3046.61px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:3509.19px;white-space:nowrap">8.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:3820.59px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:3962.86px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:4051.77px;white-space:nowrap">2/01/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:4635.59px;letter-spacing:62.79px;white-space:nowrap">......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:7485.64px;white-space:nowrap">900,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6252.32px;left:9501.64px;white-space:nowrap">977,445</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6536.09px;left:9368.2px;white-space:nowrap">4,131,392</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6834.41px;left:432px;white-space:nowrap">Life </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6834.41px;left:760.91px;white-space:nowrap">Sciences </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6834.41px;left:1499.19px;letter-spacing:-1.98px;white-space:nowrap">Tools </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6834.41px;left:1958.41px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6834.41px;left:2118.41px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6834.41px;left:2821.22px;white-space:nowrap">0.1%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7034.11px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7030.9px;left:432px;white-space:nowrap">Charles </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7030.9px;left:1027.78px;white-space:nowrap">River </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7030.9px;left:1445.59px;white-space:nowrap">Laboratories </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7030.9px;left:2379.5px;white-space:nowrap">International, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7030.9px;left:3349.03px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7030.9px;left:3606.92px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7030.9px;left:3695.83px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7030.9px;left:4202.78px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7030.9px;left:4540.75px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7030.9px;left:4629.66px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7222.9px;left:576px;white-space:nowrap">3.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7222.9px;left:887.41px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7222.9px;left:1029.67px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7222.9px;left:1118.58px;white-space:nowrap">3/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7222.9px;left:1739.78px;letter-spacing:51.2px;white-space:nowrap">.....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7222.9px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7222.9px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7222.9px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7222.9px;left:9501.64px;white-space:nowrap">206,426</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7521.22px;left:432px;white-space:nowrap">Machinery </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7521.22px;left:1267.86px;white-space:nowrap">1.5%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7720.92px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7717.71px;left:432px;letter-spacing:-2.97px;white-space:nowrap">ATS </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7717.71px;left:766.92px;white-space:nowrap">Automation </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7717.71px;left:1617.86px;letter-spacing:-2.22px;white-space:nowrap">Tooling </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7717.71px;left:2169.34px;white-space:nowrap">Systems, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7717.71px;left:2871.69px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7717.71px;left:3129.58px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7717.71px;left:3218.48px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7717.71px;left:3725.44px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7717.71px;left:4063.41px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7717.71px;left:4152.31px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7717.71px;left:4614.89px;white-space:nowrap">4.125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7717.71px;left:5015.28px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7717.71px;left:5157.55px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7909.71px;left:576px;white-space:nowrap">12/15/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7909.71px;left:1272.72px;letter-spacing:50.94px;white-space:nowrap">..........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7909.71px;left:6063.53px;white-space:nowrap">Canada</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7909.71px;left:7352.2px;white-space:nowrap">1,300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7909.71px;left:9368.2px;white-space:nowrap">1,341,223</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8109.4px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:432px;white-space:nowrap">Manitowoc </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:1241.22px;white-space:nowrap">Co., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:1579.11px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:1881.45px;white-space:nowrap">(The)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:2263.72px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:2352.63px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:2993.02px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:3330.98px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:3419.89px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:3882.47px;white-space:nowrap">9</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:3971.45px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:4113.72px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:4202.63px;white-space:nowrap">4/01/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:4822.42px;letter-spacing:69.7px;white-space:nowrap">....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8106.19px;left:9368.2px;white-space:nowrap">1,072,520</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8305.89px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8302.67px;left:432px;white-space:nowrap">TK </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8302.67px;left:680.91px;white-space:nowrap">Elevator </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8302.67px;left:1312.31px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8302.67px;left:1667.94px;white-space:nowrap">Newco</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8302.67px;left:2157px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8302.67px;left:2245.91px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8302.67px;left:2503.8px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8302.67px;left:2592.7px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8302.67px;left:3099.66px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8302.67px;left:3740.05px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8302.67px;left:4078.02px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8302.67px;left:4166.92px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8302.67px;left:4629.5px;white-space:nowrap">5.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8302.67px;left:4940.91px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8302.67px;left:5083.17px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8494.67px;left:576px;white-space:nowrap">7/15/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8494.67px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8494.67px;left:5966.03px;white-space:nowrap">Germany</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8494.67px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8494.67px;left:9501.64px;white-space:nowrap">634,692</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8694.37px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:432px;letter-spacing:-0.98px;white-space:nowrap">Vertical </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:1001.14px;white-space:nowrap">Holdco </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:1543.64px;white-space:nowrap">GmbH</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:2005.91px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:2094.81px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:2601.77px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:2939.73px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:3028.64px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:3491.22px;white-space:nowrap">7.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:3891.61px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:4033.88px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:4122.78px;white-space:nowrap">7/15/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:4729px;letter-spacing:65.55px;white-space:nowrap">.....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:5966.03px;white-space:nowrap">Germany</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8691.16px;left:9501.64px;white-space:nowrap">325,314</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8974.92px;left:9368.2px;white-space:nowrap">3,373,749</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9273.25px;left:432px;white-space:nowrap">Media </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9273.25px;left:929.89px;white-space:nowrap">4.4%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9472.94px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9469.73px;left:432px;white-space:nowrap">Clear </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9469.73px;left:858.8px;white-space:nowrap">Channel </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9469.73px;left:1499.27px;white-space:nowrap">International </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9469.73px;left:2424.34px;letter-spacing:-7.34px;white-space:nowrap">BV</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9469.73px;left:2623.09px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9469.73px;left:2712px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9469.73px;left:3218.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9469.73px;left:3859.34px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9469.73px;left:4197.31px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9469.73px;left:4286.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9661.73px;left:576px;white-space:nowrap">6.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9661.73px;left:976.39px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9661.73px;left:1118.66px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9661.73px;left:1207.56px;white-space:nowrap">8/01/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9661.73px;left:1741.39px;letter-spacing:51.2px;white-space:nowrap">.....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9661.73px;left:5485.56px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9661.73px;left:5992.52px;white-space:nowrap">Kingdom</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9661.73px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9661.73px;left:9501.64px;white-space:nowrap">416,500</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9861.43px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9872.78px;left:432px;white-space:nowrap">Clear </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9872.78px;left:858.8px;white-space:nowrap">Channel </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9872.78px;left:1499.27px;white-space:nowrap">Outdoor </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9872.78px;left:2121.84px;white-space:nowrap">Holdings, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9872.78px;left:2833.33px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9872.78px;left:3091.22px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10069.26px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10069.26px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10069.26px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10069.26px;left:1972.41px;white-space:nowrap">7.75%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10069.26px;left:2514.98px;white-space:nowrap">4/15/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10069.26px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10069.26px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10069.26px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10069.26px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10069.26px;left:9501.64px;white-space:nowrap">313,125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10265.75px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10265.75px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10265.75px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10265.75px;left:1972.41px;white-space:nowrap">7.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10265.75px;left:2426px;white-space:nowrap">6/01/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10265.75px;left:3047.57px;letter-spacing:52.57px;white-space:nowrap">.......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10265.75px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10265.75px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10265.75px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10265.75px;left:9501.64px;white-space:nowrap">310,875</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10465.44px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10462.23px;left:432px;white-space:nowrap">Clear </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10462.23px;left:858.8px;white-space:nowrap">Channel </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10462.23px;left:1499.27px;letter-spacing:-0.29px;white-space:nowrap">Worldwide </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10462.23px;left:2287.7px;white-space:nowrap">Holdings, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10462.23px;left:2999.19px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10462.23px;left:3257.08px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10462.23px;left:3345.98px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10462.23px;left:3852.94px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10462.23px;left:4493.33px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10462.23px;left:4831.3px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:576px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:1038.58px;white-space:nowrap">5.125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:1438.97px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:1581.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:1670.14px;white-space:nowrap">8/15/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:2206.85px;letter-spacing:51.55px;white-space:nowrap">................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10654.23px;left:9501.64px;white-space:nowrap">515,300</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10865.28px;left:432px;white-space:nowrap">CSC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10865.28px;left:814.27px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10865.28px;left:1481.3px;white-space:nowrap">LLC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10865.28px;left:1774.81px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11061.76px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11061.76px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11061.76px;left:1545.53px;white-space:nowrap">5.25%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11061.76px;left:2088.11px;white-space:nowrap">6/01/24 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11061.76px;left:2673.91px;letter-spacing:52.03px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11061.76px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11061.76px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11061.76px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11061.76px;left:9501.64px;white-space:nowrap">432,000</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11261.46px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11258.25px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11258.25px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11258.25px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11258.25px;left:1972.41px;white-space:nowrap">7.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11258.25px;left:2426px;white-space:nowrap">4/01/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11258.25px;left:3047.57px;letter-spacing:52.57px;white-space:nowrap">.......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11258.25px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11258.25px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11258.25px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11258.25px;left:9501.64px;white-space:nowrap">328,875</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11457.94px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11469.29px;left:432px;white-space:nowrap">Diamond </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11469.29px;left:1116.77px;white-space:nowrap">Sports </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11469.29px;left:1623.64px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11469.29px;left:2112.78px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11469.29px;left:2450.75px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11469.29px;left:2539.66px;white-space:nowrap">Diamond </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11469.29px;left:3224.42px;white-space:nowrap">Sports </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11469.29px;left:3731.3px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11469.29px;left:4344.97px;white-space:nowrap">Co.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11469.29px;left:4593.95px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11665.77px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11665.77px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11665.77px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11665.77px;left:1972.41px;white-space:nowrap">6.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11665.77px;left:2603.97px;white-space:nowrap">8/15/27 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11665.77px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11665.77px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11665.77px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11665.77px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11665.77px;left:9501.64px;white-space:nowrap">301,875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11862.26px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11862.26px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11862.26px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11862.26px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11862.26px;left:2612.8px;white-space:nowrap">5.375%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11862.26px;left:3244.36px;white-space:nowrap">8/15/26 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11862.26px;left:3888.29px;letter-spacing:54.89px;white-space:nowrap">..............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11862.26px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11862.26px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11862.26px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11862.26px;left:9501.64px;white-space:nowrap">266,220</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1028.91px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1291.48px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2174.06px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2531.56px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2757.66px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2940.08px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3406.88px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3669.45px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3815.39px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4172.89px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4690.78px;white-space:nowrap">statements.</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAABBoAAAUCCAYAAACkLpAdAAAACXBIWXMAABcRAAAXEQHKJvM/AAAfNUlEQVR4XuzbsW3dSgBEUZWkElTKL8UlKNzwlaLOZLqCO4HBLxonOIxuwGAAYhfg2/f39xsAAADA35ABAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABg9XbO+fVAr6EBAJ7vdXz3gXu9huYneZ3nvTP/uLfr8Q0AAADwN/y5aMjbiB/oNTQAwPO9ju8+cK/X0Pwkr/O8d+Yfl/9WAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAADgmc4575cPuFMOEwAAgGe6Dn2fly+4Uw4TAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAeKZzzuflC+6UwwQAAOCZrkPf++UD7pTDBAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAA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			<div style="width:10080px;height:12258px;position:absolute;top:1.32px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">



































































































































































































			<div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:432px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:6010.72px;white-space:nowrap">Country</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:7388.22px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:7423.4px;white-space:nowrap">Amount</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:216.23px;left:8027.7px;white-space:nowrap">*</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:8451.51px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:6612.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:8052.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:8484.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:10068.88px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:432px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:1443.23px;white-space:nowrap">Bonds </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:533.18px;left:2120.96px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:432px;white-space:nowrap">Media </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:744.23px;left:929.89px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:943.92px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:432px;white-space:nowrap">DIRECTV </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:1178.72px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:1845.75px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2183.72px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2272.63px;white-space:nowrap">DIRECTV </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3019.34px;white-space:nowrap">Financing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3757.55px;white-space:nowrap">Co., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:4095.44px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:4353.33px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:4442.23px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:576px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:1216.39px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:1554.36px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:1643.27px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:2105.84px;white-space:nowrap">5.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:2506.23px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:2648.5px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:2737.41px;white-space:nowrap">8/15/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:3327.81px;letter-spacing:53.11px;white-space:nowrap">....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:9412.66px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:9501.64px;white-space:nowrap">209,331</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1332.41px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1343.76px;left:432px;white-space:nowrap">Gray </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1343.76px;left:820.28px;letter-spacing:-1.48px;white-space:nowrap">Television, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1343.76px;left:1611.77px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1343.76px;left:1869.66px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1540.24px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1540.24px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1540.24px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1540.24px;left:1972.41px;white-space:nowrap">7%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1540.24px;left:2292.56px;white-space:nowrap">5/15/27 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1540.24px;left:2954.15px;letter-spacing:52.42px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1540.24px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1540.24px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1540.24px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1540.24px;left:9501.64px;white-space:nowrap">536,900</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1736.72px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1736.72px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1736.72px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1736.72px;left:1972.41px;white-space:nowrap">4.75%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1736.72px;left:2514.98px;white-space:nowrap">10/15/30 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1736.72px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1736.72px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1736.72px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1736.72px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1736.72px;left:9501.64px;white-space:nowrap">296,902</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1936.42px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1933.21px;left:432px;white-space:nowrap">LCPR </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1933.21px;left:903.25px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1933.21px;left:1410.2px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1933.21px;left:2050.59px;white-space:nowrap">Financing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1933.21px;left:2788.8px;white-space:nowrap">DAC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1933.21px;left:3126.61px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1933.21px;left:3215.52px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1933.21px;left:3722.47px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1933.21px;left:4362.86px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1933.21px;left:4700.83px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1933.21px;left:4789.73px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2125.21px;left:576px;white-space:nowrap">6.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2125.21px;left:887.41px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2125.21px;left:1029.67px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2125.21px;left:1118.58px;white-space:nowrap">10/15/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2125.21px;left:1741.39px;letter-spacing:51.2px;white-space:nowrap">.....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2125.21px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2125.21px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2125.21px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2125.21px;left:9501.64px;white-space:nowrap">535,000</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2324.9px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:432px;white-space:nowrap">News </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:876.53px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:1267.78px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:1356.69px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:1863.64px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:2201.61px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:2290.52px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:2753.09px;white-space:nowrap">3.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:3153.48px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:3295.75px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:3384.66px;white-space:nowrap">5/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:3981.7px;letter-spacing:55.34px;white-space:nowrap">.............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:9501.64px;white-space:nowrap">205,900</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2521.39px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:432px;white-space:nowrap">Nexstar</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:1027.7px;white-space:nowrap">Media, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:1552.39px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:1810.28px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:1899.19px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:2406.14px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:2744.11px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:2833.02px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:3295.59px;white-space:nowrap">5.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:3695.98px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:3838.25px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:3927.16px;white-space:nowrap">7/15/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:4542.18px;letter-spacing:60.81px;white-space:nowrap">.......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:7485.64px;white-space:nowrap">800,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:9501.64px;white-space:nowrap">850,888</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2717.87px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:432px;white-space:nowrap">Outfront</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:1054.5px;white-space:nowrap">Media </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:1534.73px;white-space:nowrap">Capital </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:2077.23px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:2415.2px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:2504.11px;white-space:nowrap">Outfront</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:3126.61px;white-space:nowrap">Media </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:3606.84px;white-space:nowrap">Capital </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:4149.34px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:4540.59px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:4629.5px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2906.66px;left:576px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2906.66px;left:913.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2906.66px;left:1002.88px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2906.66px;left:1465.45px;white-space:nowrap">4.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2906.66px;left:1776.86px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2906.66px;left:1919.13px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2906.66px;left:2008.03px;white-space:nowrap">1/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2906.66px;left:2580.5px;letter-spacing:51.92px;white-space:nowrap">............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2906.66px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2906.66px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2906.66px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2906.66px;left:9501.64px;white-space:nowrap">401,500</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3106.36px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:432px;white-space:nowrap">Scripps </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:1009.97px;letter-spacing:-1.1px;white-space:nowrap">Escrow, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:1614.58px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:1872.47px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:1961.38px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:2468.33px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:2806.3px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:2895.2px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:3357.78px;white-space:nowrap">5.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:3758.17px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:3900.44px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:3989.34px;white-space:nowrap">7/15/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:4542.18px;letter-spacing:60.81px;white-space:nowrap">.......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3103.15px;left:9501.64px;white-space:nowrap">616,674</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3302.84px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:432px;white-space:nowrap">Sinclair </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:998.17px;letter-spacing:-1.61px;white-space:nowrap">Television </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:1745.2px;white-space:nowrap">Group, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:2278.8px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:2536.69px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:2625.59px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:3132.55px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:3506.22px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:3595.13px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:4057.7px;white-space:nowrap">5.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:4280.13px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:4422.39px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:4511.3px;white-space:nowrap">3/01/30</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:5102.66px;letter-spacing:131.93px;white-space:nowrap">.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3299.63px;left:9501.64px;white-space:nowrap">686,868</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3499.33px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3510.68px;left:432px;white-space:nowrap">Sirius </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3510.68px;left:876.53px;white-space:nowrap">XM </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3510.68px;left:1160.98px;white-space:nowrap">Radio, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3510.68px;left:1667.94px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3510.68px;left:1925.83px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3707.16px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3707.16px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3707.16px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3707.16px;left:1972.41px;white-space:nowrap">3.125%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3707.16px;left:2603.97px;white-space:nowrap">9/01/26 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3707.16px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3707.16px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3707.16px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3707.16px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3707.16px;left:9501.64px;white-space:nowrap">510,100</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3903.64px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3903.64px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3903.64px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3903.64px;left:1972.41px;white-space:nowrap">4%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3903.64px;left:2292.56px;white-space:nowrap">7/15/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3903.64px;left:2954.15px;letter-spacing:52.42px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3903.64px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3903.64px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3903.64px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3903.64px;left:9501.64px;white-space:nowrap">613,710</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4103.34px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4114.69px;left:432px;white-space:nowrap">Univision </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4114.69px;left:1125.59px;white-space:nowrap">Communications, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4114.69px;left:2406.06px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4114.69px;left:2663.95px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4311.17px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4311.17px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4311.17px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4311.17px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4311.17px;left:2612.8px;white-space:nowrap">9.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4311.17px;left:3066.39px;white-space:nowrap">5/01/25 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4311.17px;left:3701.46px;letter-spacing:54.15px;white-space:nowrap">................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4311.17px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4311.17px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4311.17px;left:7485.64px;white-space:nowrap">800,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4311.17px;left:9501.64px;white-space:nowrap">873,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4507.66px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4507.66px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4507.66px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4507.66px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4507.66px;left:2612.8px;white-space:nowrap">4.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4507.66px;left:3066.39px;white-space:nowrap">5/01/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4507.66px;left:3701.46px;letter-spacing:54.15px;white-space:nowrap">................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4507.66px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4507.66px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4507.66px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4507.66px;left:9501.64px;white-space:nowrap">609,390</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4791.42px;left:9368.2px;white-space:nowrap">9,830,933</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5089.75px;left:432px;white-space:nowrap">Metals </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5089.75px;left:974.42px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5089.75px;left:1134.42px;white-space:nowrap">Mining </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5089.75px;left:1694.27px;white-space:nowrap">2.0%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:432px;white-space:nowrap">Commercial </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:1329.89px;white-space:nowrap">Metals </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:1845.59px;white-space:nowrap">Co.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:2094.58px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:2183.48px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:2690.44px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:3064.11px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:3153.02px;white-space:nowrap">3.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:3553.41px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:3695.67px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:3784.58px;white-space:nowrap">2/15/31</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:4355.35px;letter-spacing:58.18px;white-space:nowrap">.........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:7352.2px;white-space:nowrap">1,200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5286.23px;left:9368.2px;white-space:nowrap">1,229,796</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5485.93px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:432px;white-space:nowrap">Constellium</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:1312.31px;white-space:nowrap">SE</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:1525.75px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:1614.66px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:2121.61px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:2459.58px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:2548.48px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:3011.06px;white-space:nowrap">3.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:3322.47px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:3464.73px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:3553.64px;white-space:nowrap">4/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:4168.52px;letter-spacing:56.5px;white-space:nowrap">...........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5482.72px;left:9501.64px;white-space:nowrap">597,591</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5682.41px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5679.2px;left:432px;white-space:nowrap">FMG </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5679.2px;left:831.92px;white-space:nowrap">Resources </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5679.2px;left:1632.31px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5679.2px;left:2174.89px;white-space:nowrap">2006 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5679.2px;left:2575.28px;letter-spacing:-2.37px;white-space:nowrap">Pty. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5679.2px;left:2883.48px;white-space:nowrap">Ltd.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5679.2px;left:3150.36px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5679.2px;left:3239.27px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5679.2px;left:3746.22px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5679.2px;left:4119.89px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5679.2px;left:4208.8px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5679.2px;left:4671.38px;white-space:nowrap">4.375</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5679.2px;left:5071.77px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5679.2px;left:5214.03px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5871.2px;left:576px;white-space:nowrap">4/01/31</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5871.2px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5871.2px;left:6001.5px;white-space:nowrap">Australia</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5871.2px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5871.2px;left:9368.2px;white-space:nowrap">1,079,020</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6070.9px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:432px;white-space:nowrap">Joseph </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:989.5px;letter-spacing:-1.45px;white-space:nowrap">T </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:1128.8px;white-space:nowrap">Ryerson </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:1769.03px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:1920.2px;white-space:nowrap">Son, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:2293.8px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:2551.69px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:2640.59px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:3147.55px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:3787.94px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:4125.91px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:4214.81px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:4677.39px;white-space:nowrap">8.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:4899.81px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6067.69px;left:5042.08px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6259.69px;left:576px;white-space:nowrap">8/01/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6259.69px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6259.69px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6259.69px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6259.69px;left:7485.64px;white-space:nowrap">588,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6259.69px;left:9501.64px;white-space:nowrap">656,346</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6459.38px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6470.73px;left:432px;white-space:nowrap">Novelis</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6470.73px;left:1001.06px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6470.73px;left:1392.31px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6667.21px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6667.21px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6667.21px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6667.21px;left:2008.11px;white-space:nowrap">3.875%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6667.21px;left:2639.67px;white-space:nowrap">8/15/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6667.21px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6667.21px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6667.21px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6667.21px;left:7485.64px;white-space:nowrap">100,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6667.21px;left:9501.64px;white-space:nowrap">101,061</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6863.7px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6863.7px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6863.7px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6863.7px;left:1972.41px;white-space:nowrap">3.25%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6863.7px;left:2514.98px;letter-spacing:-1.32px;white-space:nowrap">11/15/26 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6863.7px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6863.7px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6863.7px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6863.7px;left:7485.64px;white-space:nowrap">100,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6863.7px;left:9501.64px;white-space:nowrap">102,649</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7063.39px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:432px;white-space:nowrap">SunCoke</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:1134.66px;letter-spacing:-1.48px;white-space:nowrap">Energy, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:1718.64px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:1976.53px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:2065.44px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:2572.39px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:3212.78px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:3550.75px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:3639.66px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:4102.23px;white-space:nowrap">4.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:4502.63px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:4644.89px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:4733.8px;white-space:nowrap">6/30/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7060.18px;left:9501.64px;white-space:nowrap">608,466</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7343.95px;left:9368.2px;white-space:nowrap">4,374,929</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7642.27px;left:432px;white-space:nowrap">Mortgage </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7642.27px;left:1196.45px;white-space:nowrap">Real </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7642.27px;left:1578.88px;white-space:nowrap">Estate </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7642.27px;left:2103.56px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7642.27px;left:2992.7px;letter-spacing:-1.26px;white-space:nowrap">Trusts </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7642.27px;left:3517.31px;letter-spacing:-0.99px;white-space:nowrap">(REITs) </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7642.27px;left:4109.89px;white-space:nowrap">0.4%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7841.97px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7838.76px;left:432px;white-space:nowrap">Apollo </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7838.76px;left:921.22px;white-space:nowrap">Commercial </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7838.76px;left:1819.11px;white-space:nowrap">Real </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7838.76px;left:2192.63px;white-space:nowrap">Estate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7838.76px;left:2690.67px;white-space:nowrap">Finance, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7838.76px;left:3348.8px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7838.76px;left:3606.69px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7838.76px;left:3695.59px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7838.76px;left:4202.55px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7838.76px;left:4842.94px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7838.76px;left:5180.91px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8030.76px;left:576px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8030.76px;left:1038.58px;white-space:nowrap">4.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8030.76px;left:1438.97px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8030.76px;left:1581.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8030.76px;left:1670.14px;white-space:nowrap">6/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8030.76px;left:2206.85px;letter-spacing:51.55px;white-space:nowrap">................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8030.76px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8030.76px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8030.76px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8030.76px;left:9501.64px;white-space:nowrap">975,220</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8329.08px;left:432px;white-space:nowrap">Oil, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8329.08px;left:734.27px;white-space:nowrap">Gas </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8329.08px;left:1081.14px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8329.08px;left:1241.14px;white-space:nowrap">Consumable </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8329.08px;left:2245.75px;white-space:nowrap">Fuels </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8329.08px;left:2708.09px;white-space:nowrap">9.9%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8528.78px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8540.13px;left:432px;white-space:nowrap">Antero </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8540.13px;left:947.86px;white-space:nowrap">Resources </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8540.13px;left:1757.08px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8540.13px;left:2148.33px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8736.61px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8736.61px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8736.61px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8736.61px;left:1972.41px;white-space:nowrap">8.375%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8736.61px;left:2603.97px;white-space:nowrap">7/15/26 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8736.61px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8736.61px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8736.61px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8736.61px;left:7485.64px;white-space:nowrap">130,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8736.61px;left:9501.64px;white-space:nowrap">147,389</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8933.1px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8933.1px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8933.1px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8933.1px;left:1972.41px;white-space:nowrap">7.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8933.1px;left:2603.97px;white-space:nowrap">2/01/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8933.1px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8933.1px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8933.1px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8933.1px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8933.1px;left:9501.64px;white-space:nowrap">220,252</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9129.58px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9129.58px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9129.58px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9129.58px;left:1972.41px;white-space:nowrap">5.375%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9129.58px;left:2603.97px;white-space:nowrap">3/01/30 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9129.58px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9129.58px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9129.58px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9129.58px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9129.58px;left:9501.64px;white-space:nowrap">713,324</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:432px;white-space:nowrap">Bonanza </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:1108.09px;white-space:nowrap">Creek </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:1579.34px;letter-spacing:-1.48px;white-space:nowrap">Energy, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:2163.33px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:2421.22px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:2510.13px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:3017.08px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:3355.05px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:3443.95px;white-space:nowrap">7.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:3666.38px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:3808.64px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:3897.55px;white-space:nowrap">4/30/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:4448.76px;letter-spacing:59.33px;white-space:nowrap">........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:7485.64px;white-space:nowrap">199,676</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9326.07px;left:9501.64px;white-space:nowrap">201,072</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9522.55px;left:432px;white-space:nowrap">Calumet </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9522.55px;left:1072.23px;white-space:nowrap">Specialty </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9522.55px;left:1765.91px;white-space:nowrap">Products </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9522.55px;left:2441.77px;white-space:nowrap">Partners </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9522.55px;left:3090.91px;letter-spacing:-0.96px;white-space:nowrap">LP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9522.55px;left:3328.17px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9522.55px;left:3417.08px;white-space:nowrap">Calumet </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9522.55px;left:4057.31px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9522.55px;left:4670.98px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9522.55px;left:5062.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9714.55px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9714.55px;left:1082.95px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9714.55px;left:1420.92px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9714.55px;left:1509.83px;white-space:nowrap">7.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9714.55px;left:1821.23px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9714.55px;left:1963.5px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9714.55px;left:2052.41px;white-space:nowrap">4/15/23</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9714.55px;left:2673.91px;letter-spacing:52.03px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9714.55px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9714.55px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9714.55px;left:7485.64px;white-space:nowrap">800,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9714.55px;left:9501.64px;white-space:nowrap">791,740</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9925.59px;left:432px;white-space:nowrap">Cenovus </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9925.59px;left:1107.94px;letter-spacing:-1.48px;white-space:nowrap">Energy, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9925.59px;left:1691.92px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9925.59px;left:1949.81px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10122.08px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10122.08px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10122.08px;left:1545.53px;white-space:nowrap">6.75%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10122.08px;left:2088.11px;letter-spacing:-1.32px;white-space:nowrap">11/15/39 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10122.08px;left:2767.33px;letter-spacing:52.15px;white-space:nowrap">..........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10122.08px;left:6063.53px;white-space:nowrap">Canada</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10122.08px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10122.08px;left:9513.52px;letter-spacing:-1.7px;white-space:nowrap">540,911</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10318.56px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10318.56px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10318.56px;left:1545.53px;white-space:nowrap">5.4%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10318.56px;left:1999.13px;white-space:nowrap">6/15/47 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10318.56px;left:2580.5px;letter-spacing:51.92px;white-space:nowrap">............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10318.56px;left:6063.53px;white-space:nowrap">Canada</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10318.56px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10318.56px;left:9501.64px;white-space:nowrap">370,188</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10529.61px;left:432px;white-space:nowrap">Cheniere </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10529.61px;left:1125.75px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10529.61px;left:1677.16px;white-space:nowrap">Partners </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10529.61px;left:2326.3px;letter-spacing:-10.31px;white-space:nowrap">LP</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10529.61px;left:2501.38px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10726.09px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10726.09px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10726.09px;left:1509.83px;white-space:nowrap">5.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10726.09px;left:2141.39px;white-space:nowrap">10/01/26 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10726.09px;left:2860.74px;letter-spacing:52.28px;white-space:nowrap">.........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10726.09px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10726.09px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10726.09px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10726.09px;left:9501.64px;white-space:nowrap">725,305</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10922.58px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10922.58px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10922.58px;left:1509.83px;white-space:nowrap">4.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10922.58px;left:1963.42px;white-space:nowrap">10/01/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10922.58px;left:2673.91px;letter-spacing:52.03px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10922.58px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10922.58px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10922.58px;left:7352.2px;white-space:nowrap">1,200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10922.58px;left:9368.2px;white-space:nowrap">1,294,500</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11122.27px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11119.06px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11119.06px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11119.06px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11119.06px;left:1972.41px;white-space:nowrap">4%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11119.06px;left:2292.56px;white-space:nowrap">3/01/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11119.06px;left:2954.15px;letter-spacing:52.42px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11119.06px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11119.06px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11119.06px;left:7352.2px;white-space:nowrap">1,200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11119.06px;left:9368.2px;white-space:nowrap">1,264,500</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:432px;white-space:nowrap">Cheniere </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:1125.75px;letter-spacing:-1.48px;white-space:nowrap">Energy, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:1709.73px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:1967.63px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:2056.53px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:2563.48px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:3203.88px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:3541.84px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:3630.75px;white-space:nowrap">4.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:4031.14px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:4173.41px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:4262.31px;white-space:nowrap">10/15/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:4915.83px;letter-spacing:76.62px;white-space:nowrap">...</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11315.55px;left:9501.64px;white-space:nowrap">739,375</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11515.24px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:432px;white-space:nowrap">Chesapeake </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:1374.89px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:1926.3px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:2317.55px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:2406.45px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:2913.41px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:3251.38px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:3340.28px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:3802.86px;white-space:nowrap">5.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:4025.28px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:4167.55px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:4256.45px;white-space:nowrap">2/01/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:4822.42px;letter-spacing:69.7px;white-space:nowrap">....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11512.03px;left:9501.64px;white-space:nowrap">523,120</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11711.73px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:432px;white-space:nowrap">Continental </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:1285.91px;white-space:nowrap">Resources, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:2139.58px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:2397.47px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:2486.38px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:2993.33px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:3367px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:3455.91px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:3918.48px;white-space:nowrap">5.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:4229.89px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:4372.16px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:4461.06px;white-space:nowrap">1/15/31</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:5009.24px;letter-spacing:90.45px;white-space:nowrap">..</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11708.51px;left:9501.64px;white-space:nowrap">854,000</div></div>
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				<div style="background-color:transparent;height:13px;transform:translate(0.000px,0.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:1px;position:absolute;top:65px;left:8270px">

				<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3857.28px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4119.86px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5002.43px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5359.93px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5586.03px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5768.45px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6235.25px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6497.83px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6643.76px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7001.26px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7519.15px;white-space:nowrap">statements.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8353.45px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8798.45px;white-space:nowrap">Report</div></div>
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			<div style="width:717px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">17</div></div>
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		<div style="background-image:url(data:image/png;base64,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			<div style="width:10080px;height:12269px;position:absolute;top:1.32px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">







































































































































































































			<div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:432px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:6010.72px;white-space:nowrap">Country</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:7388.22px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:7423.4px;white-space:nowrap">Amount</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:216.23px;left:8027.7px;white-space:nowrap">*</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:8451.51px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:6612.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:8052.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:8484.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:10068.88px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:432px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:1443.23px;white-space:nowrap">Bonds </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:533.18px;left:2120.96px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:432px;white-space:nowrap">Oil, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:734.27px;white-space:nowrap">Gas </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:1081.14px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:1241.14px;white-space:nowrap">Consumable </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:2245.75px;white-space:nowrap">Fuels </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:744.23px;left:2708.09px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:432px;white-space:nowrap">Crestwood </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:1241.22px;white-space:nowrap">Midstream </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2032.47px;white-space:nowrap">Partners </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2681.61px;letter-spacing:-0.96px;white-space:nowrap">LP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2918.88px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3007.78px;white-space:nowrap">Crestwood </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3817px;white-space:nowrap">Midstream </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:4608.25px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:576px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:967.25px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1329.2px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1329.2px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1329.2px;left:1509.83px;white-space:nowrap">5.75%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1329.2px;left:2052.41px;white-space:nowrap">4/01/25 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1329.2px;left:2673.91px;letter-spacing:52.03px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1329.2px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1329.2px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1329.2px;left:7485.64px;white-space:nowrap">800,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1329.2px;left:9412.66px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1329.2px;left:9501.64px;white-space:nowrap">818,000</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1528.89px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1525.68px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1525.68px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1525.68px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1525.68px;left:1972.41px;white-space:nowrap">6%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1525.68px;left:2292.56px;white-space:nowrap">2/01/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1525.68px;left:2954.15px;letter-spacing:52.42px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1525.68px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1525.68px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1525.68px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1525.68px;left:9501.64px;white-space:nowrap">715,064</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1725.37px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1722.16px;left:432px;white-space:nowrap">CrownRock</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1722.16px;left:1303.33px;letter-spacing:-0.96px;white-space:nowrap">LP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1722.16px;left:1540.59px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1722.16px;left:1629.5px;white-space:nowrap">CrownRock</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1722.16px;left:2500.83px;white-space:nowrap">Finance, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1722.16px;left:3158.95px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1722.16px;left:3416.84px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1722.16px;left:3505.75px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1722.16px;left:4012.7px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1722.16px;left:4350.67px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1722.16px;left:4439.58px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1722.16px;left:4902.16px;white-space:nowrap">5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1722.16px;left:4991.14px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1722.16px;left:5133.41px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1914.16px;left:576px;white-space:nowrap">5/01/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1914.16px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1914.16px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1914.16px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1914.16px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1914.16px;left:9501.64px;white-space:nowrap">308,622</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2113.86px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:432px;letter-spacing:-0.96px;white-space:nowrap">DT </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:686.84px;white-space:nowrap">Midstream, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:1522.55px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:1780.44px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:1869.34px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:2376.3px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:2714.27px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:2803.17px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:3265.75px;white-space:nowrap">4.125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:3666.14px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:3808.41px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:3897.31px;white-space:nowrap">6/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:4448.76px;letter-spacing:59.33px;white-space:nowrap">........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2110.65px;left:9501.64px;white-space:nowrap">718,375</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2310.34px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:432px;white-space:nowrap">Endeavor </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:1161.38px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:1712.78px;white-space:nowrap">Resources </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:2522px;letter-spacing:-0.96px;white-space:nowrap">LP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:2759.27px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:2848.17px;white-space:nowrap">EER </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:3221.61px;white-space:nowrap">Finance, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:3879.73px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2321.69px;left:4137.63px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:2008.11px;white-space:nowrap">5.75%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:2550.69px;white-space:nowrap">1/30/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2518.18px;left:9501.64px;white-space:nowrap">316,125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:1972.41px;white-space:nowrap">6.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:2603.97px;white-space:nowrap">7/15/25 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2714.66px;left:9501.64px;white-space:nowrap">530,850</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2914.36px;left:328.29px;white-space:nowrap">d,f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:432px;white-space:nowrap">EnQuest</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:1099.03px;white-space:nowrap">plc</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:1303.56px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:1392.47px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:1899.42px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:2237.39px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:2326.3px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:2788.88px;white-space:nowrap">Reg</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:3126.84px;white-space:nowrap">S, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:3322.47px;white-space:nowrap">PIK, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:3669.27px;white-space:nowrap">7</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:3758.25px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:3900.52px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:3989.42px;white-space:nowrap">10/15/23</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:4635.59px;letter-spacing:62.79px;white-space:nowrap">......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:5485.56px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:5992.52px;white-space:nowrap">Kingdom</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:7485.64px;white-space:nowrap">652,663</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2911.15px;left:9501.64px;white-space:nowrap">591,977</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3110.84px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:432px;letter-spacing:-0.72px;white-space:nowrap">EQT </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:802.47px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:1193.72px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:1282.63px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:1789.58px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:2127.55px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:2216.45px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:2679.03px;white-space:nowrap">3.125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:3079.42px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:3221.69px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:3310.59px;white-space:nowrap">5/15/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:3888.29px;letter-spacing:54.89px;white-space:nowrap">..............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3107.63px;left:9501.64px;white-space:nowrap">308,625</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3307.33px;left:260.93px;white-space:nowrap">c,d,i</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3304.12px;left:432px;white-space:nowrap">Goodrich </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3304.12px;left:1125.67px;white-space:nowrap">Petroleum </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3304.12px;left:1899.34px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3304.12px;left:2290.59px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3304.12px;left:2379.5px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3304.12px;left:2842.08px;white-space:nowrap">PIK, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3304.12px;left:3188.88px;white-space:nowrap">13.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3304.12px;left:3500.28px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3304.12px;left:3642.55px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3304.12px;left:3731.45px;white-space:nowrap">5/31/23</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3304.12px;left:4355.35px;letter-spacing:58.18px;white-space:nowrap">.........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3304.12px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3304.12px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3304.12px;left:7352.2px;white-space:nowrap">1,571,558</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3304.12px;left:9368.2px;white-space:nowrap">1,624,844</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3503.81px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3515.16px;left:432px;white-space:nowrap">Hilcorp</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3515.16px;left:974.34px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3515.16px;left:1525.75px;white-space:nowrap">I </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3515.16px;left:1614.66px;letter-spacing:-0.96px;white-space:nowrap">LP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3515.16px;left:1851.92px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3515.16px;left:1940.83px;white-space:nowrap">Hilcorp</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3515.16px;left:2483.17px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3515.16px;left:3096.84px;white-space:nowrap">Co.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3515.16px;left:3345.83px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3711.64px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3711.64px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3711.64px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3711.64px;left:2008.11px;white-space:nowrap">6%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3711.64px;left:2328.27px;white-space:nowrap">2/01/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3711.64px;left:2954.15px;letter-spacing:52.42px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3711.64px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3711.64px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3711.64px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3711.64px;left:9501.64px;white-space:nowrap">205,750</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3908.13px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3908.13px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3908.13px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3908.13px;left:1972.41px;white-space:nowrap">5.75%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3908.13px;left:2514.98px;white-space:nowrap">2/01/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3908.13px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3908.13px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3908.13px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3908.13px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3908.13px;left:9501.64px;white-space:nowrap">203,250</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4107.82px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4104.61px;left:432px;white-space:nowrap">Martin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4104.61px;left:920.98px;white-space:nowrap">Midstream </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4104.61px;left:1712.23px;white-space:nowrap">Partners </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4104.61px;left:2361.38px;letter-spacing:-0.96px;white-space:nowrap">LP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4104.61px;left:2598.64px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4104.61px;left:2687.55px;white-space:nowrap">Martin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4104.61px;left:3176.53px;white-space:nowrap">Midstream </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4104.61px;left:3967.78px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4104.61px;left:4581.45px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4104.61px;left:4972.7px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4296.61px;left:576px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4296.61px;left:1216.39px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4296.61px;left:1554.36px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4296.61px;left:1643.27px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4296.61px;left:2105.84px;letter-spacing:-2.97px;white-space:nowrap">11.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4296.61px;left:2405.38px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4296.61px;left:2547.64px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4296.61px;left:2636.55px;white-space:nowrap">2/28/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4296.61px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4296.61px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4296.61px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4296.61px;left:7485.64px;white-space:nowrap">776,232</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4296.61px;left:9501.64px;white-space:nowrap">798,553</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4496.31px;left:250.5px;white-space:nowrap">d,f,h</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:432px;white-space:nowrap">Murray </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:974.27px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:1525.67px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:1916.92px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:2005.83px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:2646.22px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:2984.19px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:3073.09px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:3535.67px;white-space:nowrap">PIK, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:3882.47px;white-space:nowrap">12</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:4060.44px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:4202.7px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:4291.61px;white-space:nowrap">4/15/24</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:4915.83px;letter-spacing:76.62px;white-space:nowrap">...</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:7485.64px;white-space:nowrap">757,734</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4493.1px;left:9679.61px;white-space:nowrap">3,864</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4692.79px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4689.58px;left:432px;white-space:nowrap">Oasis </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4689.58px;left:885.44px;white-space:nowrap">Midstream </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4689.58px;left:1676.69px;white-space:nowrap">Partners </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4689.58px;left:2325.83px;letter-spacing:-0.96px;white-space:nowrap">LP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4689.58px;left:2563.09px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4689.58px;left:2652px;letter-spacing:-0.72px;white-space:nowrap">OMP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4689.58px;left:3058.02px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4689.58px;left:3671.69px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4689.58px;left:4062.94px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4689.58px;left:4151.84px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4689.58px;left:4658.8px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4689.58px;left:4996.77px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4881.58px;left:576px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4881.58px;left:1038.58px;white-space:nowrap">8</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4881.58px;left:1127.56px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4881.58px;left:1269.83px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4881.58px;left:1358.73px;white-space:nowrap">4/01/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4881.58px;left:1926.61px;letter-spacing:51.33px;white-space:nowrap">...................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4881.58px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4881.58px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4881.58px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4881.58px;left:9501.64px;white-space:nowrap">518,152</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5092.63px;left:432px;white-space:nowrap">Occidental </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5092.63px;left:1232.39px;white-space:nowrap">Petroleum </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5092.63px;left:2006.06px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5092.63px;left:2397.31px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5289.11px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5289.11px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5289.11px;left:1545.53px;white-space:nowrap">6.45%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5289.11px;left:2088.11px;white-space:nowrap">9/15/36 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5289.11px;left:2673.91px;letter-spacing:52.03px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5289.11px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5289.11px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5289.11px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5289.11px;left:9501.64px;white-space:nowrap">876,207</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5488.81px;left:411.28px;white-space:nowrap">j</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5485.6px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5485.6px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5485.6px;left:1509.83px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5485.6px;left:1927.56px;white-space:nowrap">1.575%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5485.6px;left:2559.13px;white-space:nowrap">(3-month </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5485.6px;left:3243.81px;white-space:nowrap">USD </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5485.6px;left:3626.08px;white-space:nowrap">LIBOR </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5485.6px;left:4150.69px;white-space:nowrap">+ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5485.6px;left:4288.58px;white-space:nowrap">1.45%), </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5677.6px;left:576px;white-space:nowrap">8/15/22 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5677.6px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5677.6px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5677.6px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5677.6px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5677.6px;left:9501.64px;white-space:nowrap">398,489</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5874.08px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5874.08px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5874.08px;left:1509.83px;white-space:nowrap">8.875%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5874.08px;left:2141.39px;white-space:nowrap">7/15/30 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5874.08px;left:2767.33px;letter-spacing:52.15px;white-space:nowrap">..........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5874.08px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5874.08px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5874.08px;left:7352.2px;white-space:nowrap">1,100,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5874.08px;left:9380.08px;letter-spacing:-1.32px;white-space:nowrap">1,511,009</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.56px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.56px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.56px;left:1509.83px;white-space:nowrap">6.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.56px;left:2141.39px;white-space:nowrap">9/01/30 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.56px;left:2767.33px;letter-spacing:52.15px;white-space:nowrap">..........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.56px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.56px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.56px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.56px;left:9501.64px;white-space:nowrap">249,779</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6267.05px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6267.05px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6267.05px;left:1509.83px;white-space:nowrap">6.125%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6267.05px;left:2141.39px;white-space:nowrap">1/01/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6267.05px;left:2767.33px;letter-spacing:52.15px;white-space:nowrap">..........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6267.05px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6267.05px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6267.05px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6267.05px;left:9501.64px;white-space:nowrap">363,179</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6466.74px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6463.53px;left:432px;white-space:nowrap">Renewable </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6463.53px;left:1276.41px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6463.53px;left:1827.23px;white-space:nowrap">Group, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6463.53px;left:2360.24px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6463.53px;left:2618.13px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6463.53px;left:2706.45px;letter-spacing:0px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6463.53px;left:3212.81px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6463.53px;left:3852.61px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6463.53px;left:4190.58px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6463.53px;left:4278.9px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6463.53px;left:4740.89px;white-space:nowrap">5.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6463.53px;left:5141.28px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6463.53px;left:5283.55px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6655.53px;left:576px;white-space:nowrap">6/01/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6655.53px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6655.53px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6655.53px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6655.53px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6655.53px;left:9501.64px;white-space:nowrap">414,714</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6866.58px;left:432px;white-space:nowrap">Sunoco </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6866.58px;left:1019.11px;letter-spacing:-0.96px;white-space:nowrap">LP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6866.58px;left:1256.38px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6866.58px;left:1345.28px;white-space:nowrap">Sunoco </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6866.58px;left:1932.39px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6866.58px;left:2546.06px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6866.58px;left:2937.31px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7063.06px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7063.06px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7063.06px;left:1509.83px;white-space:nowrap">6%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7063.06px;left:1829.98px;white-space:nowrap">4/15/27 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7063.06px;left:2487.09px;letter-spacing:51.82px;white-space:nowrap">.............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7063.06px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7063.06px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7063.06px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7063.06px;left:9368.2px;white-space:nowrap">1,046,205</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7259.55px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7259.55px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7259.55px;left:1509.83px;white-space:nowrap">4.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7259.55px;left:1963.42px;white-space:nowrap">5/15/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7259.55px;left:2580.5px;letter-spacing:51.92px;white-space:nowrap">............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7259.55px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7259.55px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7259.55px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7259.55px;left:9501.64px;white-space:nowrap">202,812</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7459.24px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7470.59px;left:432px;letter-spacing:-1.1px;white-space:nowrap">Venture </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7470.59px;left:1028.02px;white-space:nowrap">Global </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7470.59px;left:1534.97px;white-space:nowrap">Calcasieu </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7470.59px;left:2282px;white-space:nowrap">Pass </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7470.59px;left:2682.16px;white-space:nowrap">LLC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7470.59px;left:2975.67px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7667.08px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7667.08px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7667.08px;left:1723.34px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7667.08px;left:2185.92px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7667.08px;left:2648.5px;white-space:nowrap">4.125%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7667.08px;left:3280.06px;white-space:nowrap">8/15/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7667.08px;left:3888.29px;letter-spacing:54.89px;white-space:nowrap">..............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7667.08px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7667.08px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7667.08px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7667.08px;left:9501.64px;white-space:nowrap">315,029</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7863.56px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7863.56px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7863.56px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7863.56px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7863.56px;left:2612.8px;white-space:nowrap">3.875%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7863.56px;left:3244.36px;white-space:nowrap">8/15/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7863.56px;left:3888.29px;letter-spacing:54.89px;white-space:nowrap">..............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7863.56px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7863.56px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7863.56px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7863.56px;left:9501.64px;white-space:nowrap">309,585</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8063.26px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:432px;letter-spacing:-0.48px;white-space:nowrap">Viper </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:847.08px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:1398.48px;white-space:nowrap">Partners </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:2047.63px;letter-spacing:-10.31px;white-space:nowrap">LP</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:2222.7px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:2311.61px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:2818.56px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:3156.53px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:3245.44px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:3708.02px;white-space:nowrap">5.375</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:4108.41px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:4250.67px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:4339.58px;letter-spacing:-1.48px;white-space:nowrap">11/01/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:5009.24px;letter-spacing:90.45px;white-space:nowrap">..</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8060.04px;left:9501.64px;white-space:nowrap">420,162</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8343.81px;left:9279.22px;white-space:nowrap">22,154,897</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8642.13px;left:432px;white-space:nowrap">Personal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8642.13px;left:1152.31px;white-space:nowrap">Products </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8642.13px;left:1890.2px;white-space:nowrap">0.1%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8841.83px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:432px;white-space:nowrap">Prestige </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:1063.41px;white-space:nowrap">Brands, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:1659.27px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:1917.16px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:2006.06px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:2513.02px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:2886.69px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:2975.59px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:3438.17px;white-space:nowrap">3.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:3749.58px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:3891.84px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:3980.75px;white-space:nowrap">4/01/31</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:4542.18px;letter-spacing:60.81px;white-space:nowrap">.......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8838.62px;left:9501.64px;white-space:nowrap">296,636</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9136.94px;left:432px;white-space:nowrap">Pharmaceuticals </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9136.94px;left:1748.25px;white-space:nowrap">2.9%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9336.64px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:432px;white-space:nowrap">Bausch </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:1010.12px;white-space:nowrap">Health </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:1508.25px;white-space:nowrap">Americas, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:2263.95px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:2521.84px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:2610.75px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:3117.7px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:3455.67px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:3544.58px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:4007.16px;white-space:nowrap">9.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:4318.56px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:4460.83px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:4549.73px;white-space:nowrap">4/01/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:5102.66px;letter-spacing:131.93px;white-space:nowrap">.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:7352.2px;white-space:nowrap">1,400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9333.43px;left:9368.2px;white-space:nowrap">1,510,250</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9533.12px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:432px;white-space:nowrap">Bausch </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:1010.12px;white-space:nowrap">Health </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:1517.08px;white-space:nowrap">Cos., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:1934.97px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:2192.86px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:2281.77px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:2788.72px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:3162.39px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:3251.3px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:3713.88px;white-space:nowrap">6.125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:4114.27px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:4256.53px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:4345.44px;white-space:nowrap">4/15/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:4915.83px;letter-spacing:76.62px;white-space:nowrap">...</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:7485.64px;white-space:nowrap">370,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9529.91px;left:9501.64px;white-space:nowrap">378,787</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9729.61px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9740.96px;left:432px;white-space:nowrap">Endo </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9740.96px;left:850.12px;white-space:nowrap">Dac</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9740.96px;left:1179.11px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9740.96px;left:1268.02px;white-space:nowrap">Endo </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9740.96px;left:1686.14px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9740.96px;left:2299.81px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9740.96px;left:2637.78px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9740.96px;left:2726.69px;white-space:nowrap">Endo </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9740.96px;left:3144.81px;white-space:nowrap">Finco</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9740.96px;left:3536.06px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9740.96px;left:3624.97px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9740.96px;left:3882.86px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9937.44px;left:576px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9937.44px;left:1216.39px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9937.44px;left:1643.27px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9937.44px;left:2105.84px;white-space:nowrap">9.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9937.44px;left:2559.44px;white-space:nowrap">7/31/27 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9937.44px;left:3140.98px;letter-spacing:52.73px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9937.44px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9937.44px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9937.44px;left:7485.64px;white-space:nowrap">302,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9937.44px;left:9501.64px;white-space:nowrap">297,129</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10133.93px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10133.93px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10133.93px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10133.93px;left:1972.41px;white-space:nowrap">6%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10133.93px;left:2292.56px;white-space:nowrap">6/30/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10133.93px;left:2954.15px;letter-spacing:52.42px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10133.93px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10133.93px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10133.93px;left:7485.64px;white-space:nowrap">389,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10133.93px;left:9501.64px;white-space:nowrap">243,660</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10333.62px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10330.41px;left:432px;white-space:nowrap">Endo </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10330.41px;left:850.12px;white-space:nowrap">Luxembourg </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10330.41px;left:1784.03px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10330.41px;left:2397.7px;white-space:nowrap">Co. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10330.41px;left:2691.14px;white-space:nowrap">I </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10330.41px;left:2780.05px;letter-spacing:-1.19px;white-space:nowrap">SARL </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10330.41px;left:3236.53px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10330.41px;left:3325.44px;white-space:nowrap">Endo </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10330.41px;left:3743.56px;white-space:nowrap">US, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10330.41px;left:4054.73px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10330.41px;left:4312.63px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10330.41px;left:4401.53px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10522.41px;left:576px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10522.41px;left:1216.39px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10522.41px;left:1554.36px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10522.41px;left:1643.27px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10522.41px;left:2105.84px;white-space:nowrap">6.125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10522.41px;left:2506.23px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10522.41px;left:2648.5px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10522.41px;left:2737.41px;white-space:nowrap">4/01/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10522.41px;left:3327.81px;letter-spacing:53.11px;white-space:nowrap">....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10522.41px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10522.41px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10522.41px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10522.41px;left:9501.64px;white-space:nowrap">495,642</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10722.11px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:432px;white-space:nowrap">Jazz </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:805.44px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:1552.39px;white-space:nowrap">DAC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:1890.2px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:1979.11px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:2486.06px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:3126.45px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:3464.42px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:3553.33px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:4015.91px;white-space:nowrap">4.375</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:4416.3px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:4558.56px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:4647.47px;white-space:nowrap">1/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:7352.2px;white-space:nowrap">1,300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10718.9px;left:9368.2px;white-space:nowrap">1,348,939</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10918.59px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10929.94px;left:432px;white-space:nowrap">Organon</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10929.94px;left:1099.11px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10929.94px;left:1250.28px;white-space:nowrap">Co. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10929.94px;left:1543.72px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10929.94px;left:1632.63px;white-space:nowrap">Organon</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10929.94px;left:2299.73px;white-space:nowrap">Foreign </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10929.94px;left:2886.69px;white-space:nowrap">Debt </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10929.94px;left:3269.11px;white-space:nowrap">Co-Issuer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10929.94px;left:4007.08px;letter-spacing:-7.34px;white-space:nowrap">BV</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10929.94px;left:4205.83px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11126.42px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11126.42px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11126.42px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11126.42px;left:2008.11px;white-space:nowrap">5.125%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11126.42px;left:2639.67px;white-space:nowrap">4/30/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11126.42px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11126.42px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11126.42px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11126.42px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11126.42px;left:9501.64px;white-space:nowrap">525,120</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11322.91px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11322.91px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11322.91px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11322.91px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11322.91px;left:2612.8px;white-space:nowrap">4.125%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11322.91px;left:3244.36px;white-space:nowrap">4/30/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11322.91px;left:3888.29px;letter-spacing:54.89px;white-space:nowrap">..............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11322.91px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11322.91px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11322.91px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11322.91px;left:9368.2px;white-space:nowrap">1,032,950</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11522.6px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:432px;white-space:nowrap">Par </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:725.44px;white-space:nowrap">Pharmaceutical, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:1917.08px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:2174.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:2263.88px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:2770.83px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:3411.22px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:3749.19px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:3838.09px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:4300.67px;white-space:nowrap">7.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:4523.09px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:4665.36px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:4754.27px;white-space:nowrap">4/01/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:7485.64px;white-space:nowrap">225,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11519.39px;left:9501.64px;white-space:nowrap">228,094</div></div>
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		<div style="background-image:url(data:image/png;base64,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			<div style="width:10080px;height:12258px;position:absolute;top:1.32px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

















































































































































































			<div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:432px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:6010.72px;white-space:nowrap">Country</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:7388.22px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:7423.4px;white-space:nowrap">Amount</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:216.23px;left:8027.7px;white-space:nowrap">*</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:8451.51px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:6612.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:8052.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:8484.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:10068.88px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:432px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:1443.23px;white-space:nowrap">Bonds </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:533.18px;left:2120.96px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:432px;white-space:nowrap">Pharmaceuticals </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:744.23px;left:1748.25px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:432px;letter-spacing:-4.43px;white-space:nowrap">Teva</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:814.42px;white-space:nowrap">Pharmaceutical </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:1961.61px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2575.28px;white-space:nowrap">Netherlands </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3482.47px;white-space:nowrap">III </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3660.28px;letter-spacing:-7.34px;white-space:nowrap">BV</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3859.03px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3947.94px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:4454.89px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:4792.86px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:576px;white-space:nowrap">7.125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:976.39px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:1118.66px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:1207.56px;white-space:nowrap">1/31/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:1741.39px;letter-spacing:51.2px;white-space:nowrap">.....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:6232.75px;white-space:nowrap">Israel</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:9412.66px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1132.71px;left:9501.64px;white-space:nowrap">546,725</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1416.48px;left:9368.2px;white-space:nowrap">6,607,296</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1714.8px;left:432px;white-space:nowrap">Real </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1714.8px;left:814.42px;white-space:nowrap">Estate </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1714.8px;left:1339.11px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1714.8px;left:2361.53px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1714.8px;left:2521.53px;white-space:nowrap">Development </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1714.8px;left:3570.67px;white-space:nowrap">0.6%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1914.5px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:432px;white-space:nowrap">Five </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:778.72px;white-space:nowrap">Point </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:1187.86px;white-space:nowrap">Operating </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:1934.97px;white-space:nowrap">Co. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:2228.41px;letter-spacing:-0.96px;white-space:nowrap">LP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:2465.67px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:2554.58px;white-space:nowrap">Five </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:2901.3px;white-space:nowrap">Point </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:3310.44px;white-space:nowrap">Capital </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:3852.94px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:4244.19px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:4333.09px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:4840.05px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1911.29px;left:5178.02px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2103.29px;left:576px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2103.29px;left:1038.58px;white-space:nowrap">7.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2103.29px;left:1438.97px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2103.29px;left:1581.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2103.29px;left:1670.14px;letter-spacing:-1.48px;white-space:nowrap">11/15/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2103.29px;left:2300.26px;letter-spacing:51.64px;white-space:nowrap">...............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2103.29px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2103.29px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2103.29px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2103.29px;left:9501.64px;white-space:nowrap">733,008</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2302.98px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:432px;white-space:nowrap">Forestar</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:1072.16px;white-space:nowrap">Group, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:1605.75px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:1863.64px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:1952.55px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:2459.5px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:2797.47px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:2886.38px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:3348.95px;white-space:nowrap">3.85</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:3660.36px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:3802.63px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:3891.53px;white-space:nowrap">5/15/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:4448.76px;letter-spacing:59.33px;white-space:nowrap">........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2299.77px;left:9501.64px;white-space:nowrap">505,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2583.53px;left:9368.2px;white-space:nowrap">1,238,008</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2881.86px;left:432px;white-space:nowrap">Road </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2881.86px;left:876.45px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2881.86px;left:1036.45px;white-space:nowrap">Rail </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2881.86px;left:1374.34px;white-space:nowrap">0.6%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3081.55px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3078.34px;left:432px;white-space:nowrap">First </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3078.34px;left:787.47px;white-space:nowrap">Student </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3078.34px;left:1383.48px;white-space:nowrap">Bidco</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3078.34px;left:1783.72px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3078.34px;left:1872.63px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3078.34px;left:2174.97px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3078.34px;left:2263.88px;white-space:nowrap">First </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3078.34px;left:2616.45px;letter-spacing:-0.74px;white-space:nowrap">Transit </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3078.34px;left:3143.95px;white-space:nowrap">Parent, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3078.34px;left:3704.27px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3078.34px;left:3962.16px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3078.34px;left:4051.06px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3078.34px;left:4558.02px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3270.34px;left:576px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3270.34px;left:913.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3270.34px;left:1002.88px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3270.34px;left:1465.45px;white-space:nowrap">4</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3270.34px;left:1554.44px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3270.34px;left:1696.7px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3270.34px;left:1785.61px;white-space:nowrap">7/31/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3270.34px;left:2393.68px;letter-spacing:51.73px;white-space:nowrap">..............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3270.34px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3270.34px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3270.34px;left:7485.64px;white-space:nowrap">900,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3270.34px;left:9501.64px;white-space:nowrap">894,312</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3470.04px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:432px;white-space:nowrap">NESCO </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:1045.44px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:1712.47px;white-space:nowrap">II, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:1890.28px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:2148.17px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:2237.08px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:2877.47px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:3215.44px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:3304.34px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:3766.92px;white-space:nowrap">5.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:3989.34px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:4131.61px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:4220.52px;white-space:nowrap">4/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:4822.42px;letter-spacing:69.7px;white-space:nowrap">....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3466.83px;left:9501.64px;white-space:nowrap">519,275</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3750.59px;left:9368.2px;white-space:nowrap">1,413,587</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4048.92px;left:432px;white-space:nowrap">Semiconductors </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4048.92px;left:1730.05px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4048.92px;left:1890.05px;white-space:nowrap">Semiconductor </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4048.92px;left:3099.11px;white-space:nowrap">Equipment </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4048.92px;left:3970.2px;white-space:nowrap">0.3%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4248.61px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:432px;white-space:nowrap">Amkor </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:935.83px;letter-spacing:-2.47px;white-space:nowrap">Technology, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:1822.31px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:2080.2px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:2169.11px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:2676.06px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:3014.03px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:3102.94px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:3565.52px;white-space:nowrap">6.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:3965.91px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:4108.17px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:4197.08px;white-space:nowrap">9/15/27</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:4730.91px;letter-spacing:65.55px;white-space:nowrap">.....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4245.4px;left:9501.64px;white-space:nowrap">431,320</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4445.1px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:432px;white-space:nowrap">ON </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:716.45px;white-space:nowrap">Semiconductor </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:1828.09px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:2219.34px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:2308.25px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:2815.2px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:3153.17px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:3242.08px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:3704.66px;white-space:nowrap">3.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:4105.05px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:4247.31px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:4336.22px;white-space:nowrap">9/01/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:4915.83px;letter-spacing:76.62px;white-space:nowrap">...</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4441.89px;left:9501.64px;white-space:nowrap">315,600</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4725.65px;left:9501.64px;white-space:nowrap">746,920</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5023.98px;left:432px;white-space:nowrap">Software </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5023.98px;left:1152.16px;white-space:nowrap">1.8%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5223.67px;left:328.29px;white-space:nowrap">d,f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5220.46px;left:432px;white-space:nowrap">Anagram </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5220.46px;left:1125.67px;white-space:nowrap">International, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5220.46px;left:2095.2px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5220.46px;left:2397.55px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5220.46px;left:2477.63px;white-space:nowrap">Anagram </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5220.46px;left:3171.3px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5220.46px;left:3838.33px;white-space:nowrap">LLC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5220.46px;left:4131.84px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5220.46px;left:4220.75px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5220.46px;left:4861.14px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5220.46px;left:5199.11px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5412.46px;left:576px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5412.46px;left:1038.58px;white-space:nowrap">PIK, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5412.46px;left:1385.38px;white-space:nowrap">10</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5412.46px;left:1563.34px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5412.46px;left:1705.61px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5412.46px;left:1794.52px;white-space:nowrap">8/15/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5412.46px;left:2393.68px;letter-spacing:51.73px;white-space:nowrap">..............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5412.46px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5412.46px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5412.46px;left:7485.64px;white-space:nowrap">210,556</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5412.46px;left:9501.64px;white-space:nowrap">204,857</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5612.16px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:432px;white-space:nowrap">Blackboard, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:1321.38px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:1579.27px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:1668.17px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:2308.56px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:2646.53px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:2735.44px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:3198.02px;white-space:nowrap">10.375</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:3687.39px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:3829.66px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:3918.56px;letter-spacing:-1.48px;white-space:nowrap">11/15/24</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:4542.18px;letter-spacing:60.81px;white-space:nowrap">.......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:7352.2px;white-space:nowrap">1,600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5608.95px;left:9368.2px;white-space:nowrap">1,693,584</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5808.64px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:432px;white-space:nowrap">Camelot </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:1072.23px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:1685.91px;white-space:nowrap">SA</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:1899.34px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:1988.25px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:2495.2px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:3135.59px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:3473.56px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:3562.47px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:4025.05px;white-space:nowrap">4.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:4247.47px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:4389.73px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:4478.64px;letter-spacing:-1.48px;white-space:nowrap">11/01/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:5102.66px;letter-spacing:131.93px;white-space:nowrap">.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:7485.64px;white-space:nowrap">900,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5805.43px;left:9501.64px;white-space:nowrap">940,320</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6005.12px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:432px;white-space:nowrap">Rocket </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:974.42px;white-space:nowrap">Software, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:1694.73px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:1952.63px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:2041.53px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:2548.48px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:2886.45px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:2975.36px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:3437.94px;white-space:nowrap">6.5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:3660.36px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:3802.63px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:3891.53px;white-space:nowrap">2/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:4448.76px;letter-spacing:59.33px;white-space:nowrap">........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:7352.2px;white-space:nowrap">1,300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6001.91px;left:9368.2px;white-space:nowrap">1,226,693</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6285.68px;left:9368.2px;white-space:nowrap">4,065,454</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6584px;left:432px;white-space:nowrap">Specialty </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6584px;left:1179.03px;white-space:nowrap">Retail </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6584px;left:1659.19px;white-space:nowrap">1.8%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6783.7px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:432px;white-space:nowrap">Bath </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:805.59px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:956.77px;white-space:nowrap">Body </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:1365.91px;letter-spacing:-0.41px;white-space:nowrap">Works, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:1905.2px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:2163.09px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:2252px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:2758.95px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:3096.92px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:3185.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:3648.41px;white-space:nowrap">6.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:4048.8px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:4191.06px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:4279.97px;white-space:nowrap">10/01/30</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:4915.83px;letter-spacing:76.62px;white-space:nowrap">...</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6780.49px;left:9501.64px;white-space:nowrap">576,875</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:6980.18px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6991.53px;left:432px;white-space:nowrap">Lithia </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6991.53px;left:858.95px;white-space:nowrap">Motors, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6991.53px;left:1436.84px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6991.53px;left:1694.73px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7188.02px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7188.02px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7188.02px;left:1545.53px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7188.02px;left:2008.11px;white-space:nowrap">4.375%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7188.02px;left:2639.67px;white-space:nowrap">1/15/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7188.02px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7188.02px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7188.02px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7188.02px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7188.02px;left:9501.64px;white-space:nowrap">325,875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7384.5px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7384.5px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7384.5px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7384.5px;left:1972.41px;white-space:nowrap">4.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7384.5px;left:2603.97px;white-space:nowrap">12/15/27 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7384.5px;left:3327.81px;letter-spacing:53.11px;white-space:nowrap">....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7384.5px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7384.5px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7384.5px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7384.5px;left:9501.64px;white-space:nowrap">424,500</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7580.99px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7580.99px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7580.99px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7580.99px;left:1972.41px;white-space:nowrap">3.875%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7580.99px;left:2603.97px;white-space:nowrap">6/01/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7580.99px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7580.99px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7580.99px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7580.99px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7580.99px;left:9501.64px;white-space:nowrap">209,960</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7780.68px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7792.03px;left:432px;white-space:nowrap">Michaels </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7792.03px;left:1107.78px;white-space:nowrap">Cos., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7792.03px;left:1525.67px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7792.03px;left:1828.02px;white-space:nowrap">(The)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7792.03px;left:2210.28px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7988.52px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7988.52px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7988.52px;left:1509.83px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7988.52px;left:1972.41px;white-space:nowrap">7.875%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7988.52px;left:2603.97px;white-space:nowrap">5/01/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7988.52px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7988.52px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7988.52px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7988.52px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7988.52px;left:9501.64px;white-space:nowrap">619,020</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8185px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8185px;left:1082.95px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8185px;left:1723.34px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8185px;left:2150.22px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8185px;left:2612.8px;white-space:nowrap">5.25%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8185px;left:3155.38px;white-space:nowrap">5/01/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8185px;left:3794.87px;letter-spacing:54.49px;white-space:nowrap">...............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8185px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8185px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8185px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8185px;left:9501.64px;white-space:nowrap">308,250</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:432px;white-space:nowrap">Murphy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:1009.97px;white-space:nowrap">Oil </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:1249.97px;white-space:nowrap">USA, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:1667.86px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:1925.75px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:2014.66px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:2521.61px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:2859.58px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:2948.48px;white-space:nowrap">4.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:3259.89px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:3402.16px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:3491.06px;white-space:nowrap">9/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:4075.11px;letter-spacing:55.87px;white-space:nowrap">............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:7485.64px;white-space:nowrap">700,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8381.48px;left:9501.64px;white-space:nowrap">741,125</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8581.18px;left:359.44px;white-space:nowrap">f,j</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8577.97px;left:432px;white-space:nowrap">Party </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8577.97px;left:849.89px;white-space:nowrap">City </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8577.97px;left:1169.89px;white-space:nowrap">Holdings, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8577.97px;left:1881.38px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8577.97px;left:2139.27px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8577.97px;left:2228.17px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8577.97px;left:2735.13px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8577.97px;left:3375.52px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8577.97px;left:3713.48px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8577.97px;left:3802.39px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8577.97px;left:4264.97px;white-space:nowrap">FRN</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8577.97px;left:4593.8px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8577.97px;left:4682.7px;white-space:nowrap">5.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8577.97px;left:4994.11px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8577.97px;left:5136.38px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8769.97px;left:576px;white-space:nowrap">(</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8769.97px;left:629.28px;white-space:nowrap">6-month </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8769.97px;left:1260.69px;white-space:nowrap">USD </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8769.97px;left:1642.95px;white-space:nowrap">LIBOR</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8769.97px;left:2167.56px;white-space:nowrap">+ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8769.97px;left:2305.45px;white-space:nowrap">5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8769.97px;left:2394.44px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8769.97px;left:2536.7px;white-space:nowrap">), </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8769.97px;left:2678.89px;white-space:nowrap">7/15/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8769.97px;left:3234.39px;letter-spacing:52.91px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8769.97px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8769.97px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8769.97px;left:7485.64px;white-space:nowrap">370,005</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8769.97px;left:9501.64px;white-space:nowrap">346,978</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:8969.66px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:432px;letter-spacing:-0.26px;white-space:nowrap">Victoria&#39;s </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:1117.63px;white-space:nowrap">Secret </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:1624.5px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:1775.67px;white-space:nowrap">Co.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:2024.66px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:2113.56px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:2620.52px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:2958.48px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:3047.39px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:3509.97px;white-space:nowrap">4.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:3910.36px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:4052.63px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:4141.53px;white-space:nowrap">7/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:4729px;letter-spacing:65.55px;white-space:nowrap">.....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8966.45px;left:9501.64px;white-space:nowrap">401,250</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9250.22px;left:9368.2px;white-space:nowrap">3,953,833</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9548.54px;left:432px;letter-spacing:-1.19px;white-space:nowrap">Textiles, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9548.54px;left:1098.95px;white-space:nowrap">Apparel </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9548.54px;left:1739.11px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9548.54px;left:1899.11px;white-space:nowrap">Luxury </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9548.54px;left:2477px;white-space:nowrap">Goods </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9548.54px;left:3028.09px;white-space:nowrap">0.5%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9748.24px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:432px;white-space:nowrap">Hanesbrands, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:1472.63px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:1730.52px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:1819.42px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:2326.38px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:2664.34px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:2753.25px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:3215.83px;white-space:nowrap">4.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:3616.22px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:3758.48px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:3847.39px;white-space:nowrap">5/15/24</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:4448.76px;letter-spacing:59.33px;white-space:nowrap">........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:7352.2px;white-space:nowrap">1,000,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9745.03px;left:9368.2px;white-space:nowrap">1,062,500</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10043.35px;left:432px;white-space:nowrap">Thrifts </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10043.35px;left:974.19px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10043.35px;left:1134.19px;white-space:nowrap">Mortgage </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10043.35px;left:1898.64px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10043.35px;left:2547.7px;white-space:nowrap">0.9%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10243.05px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10239.84px;left:432px;white-space:nowrap">Ladder </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10239.84px;left:974.66px;white-space:nowrap">Capital </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10239.84px;left:1517.16px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10239.84px;left:2130.83px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10239.84px;left:2797.86px;letter-spacing:-0.58px;white-space:nowrap">LLLP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10239.84px;left:3213.09px;white-space:nowrap">/ </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10239.84px;left:3302px;white-space:nowrap">Ladder </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10239.84px;left:3844.66px;white-space:nowrap">Capital </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10239.84px;left:4387.16px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10431.84px;left:576px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10431.84px;left:967.25px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10431.84px;left:1056.16px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10431.84px;left:1563.11px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10431.84px;left:1901.08px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10431.84px;left:1989.98px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10431.84px;left:2452.56px;white-space:nowrap">4.75</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10431.84px;left:2763.97px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10431.84px;left:2906.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10431.84px;left:2995.14px;white-space:nowrap">6/15/29</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10431.84px;left:3608.05px;letter-spacing:53.84px;white-space:nowrap">.................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10431.84px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10431.84px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10431.84px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10431.84px;left:9501.64px;white-space:nowrap">307,125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:432px;white-space:nowrap">MGIC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:894.19px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:1721.22px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:2112.47px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:2201.38px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:2708.33px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:3046.3px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:3135.2px;white-space:nowrap">5.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:3446.61px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:3588.88px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:3677.78px;white-space:nowrap">8/15/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:4261.94px;letter-spacing:57.26px;white-space:nowrap">..........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10628.32px;left:9501.64px;white-space:nowrap">536,525</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10828.02px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10824.81px;left:432px;white-space:nowrap">PennyMac</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10824.81px;left:1232.39px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10824.81px;left:1917.16px;white-space:nowrap">Services, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10824.81px;left:2619.58px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10824.81px;left:2877.47px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10824.81px;left:2966.38px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10824.81px;left:3473.33px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10824.81px;left:3811.3px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10824.81px;left:3900.2px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10824.81px;left:4362.78px;white-space:nowrap">5.375</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10824.81px;left:4763.17px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10824.81px;left:4905.44px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11016.81px;left:576px;white-space:nowrap">10/15/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11016.81px;left:1272.72px;letter-spacing:50.94px;white-space:nowrap">..........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11016.81px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11016.81px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11016.81px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11016.81px;left:9501.64px;white-space:nowrap">414,416</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:432px;white-space:nowrap">Radian </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:983.48px;white-space:nowrap">Group, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:1517.08px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:1774.97px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:1863.88px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:2370.83px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:2708.8px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:2797.7px;white-space:nowrap">6.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:3198.09px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:3340.36px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:3429.27px;white-space:nowrap">3/15/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:3981.7px;letter-spacing:55.34px;white-space:nowrap">.............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11213.29px;left:9501.64px;white-space:nowrap">677,250</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11497.05px;left:9368.2px;white-space:nowrap">1,935,316</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11795.38px;left:432px;letter-spacing:-1.1px;white-space:nowrap">Trading </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11795.38px;left:1054.27px;white-space:nowrap">Companies </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11795.38px;left:1961.14px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11795.38px;left:2121.14px;white-space:nowrap">Distributors </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11795.38px;left:3072.31px;white-space:nowrap">0.5%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11995.07px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:432px;white-space:nowrap">H&amp;E </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:805.44px;white-space:nowrap">Equipment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:1614.81px;white-space:nowrap">Services, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:2317.23px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:2575.13px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:2664.03px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:3170.98px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:3508.95px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:3597.86px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:4060.44px;white-space:nowrap">3.875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:4460.83px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:4603.09px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:4692px;white-space:nowrap">12/15/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11991.86px;left:9501.64px;white-space:nowrap">603,270</div></div>
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				<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3857.28px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4119.86px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5002.43px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5359.93px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5586.03px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5768.45px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6235.25px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6497.83px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6643.76px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7001.26px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7519.15px;white-space:nowrap">statements.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8353.45px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8798.45px;white-space:nowrap">Report</div></div>
		</div>
		<div style="height:17px;left:522px;position:absolute;top:744px;width:35px">
			<div style="width:717px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">19</div></div>
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		<div style="background-color:transparent;height:13px;left:527px;position:absolute;top:745px;width:1px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="background-image:url(data:image/png;base64,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			<div style="width:10080px;height:12269px;position:absolute;top:1.32px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">











































































































































































































			<div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:432px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:6010.72px;white-space:nowrap">Country</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:7388.22px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:7423.4px;white-space:nowrap">Amount</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:216.23px;left:8027.7px;white-space:nowrap">*</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:280.75px;left:8451.51px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:213.02px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:6612.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:8052.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:426.11px;left:8484.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:426.11px;left:10068.88px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:432px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:499.31px;left:1443.23px;white-space:nowrap">Bonds </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:533.18px;left:2120.96px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:432px;letter-spacing:-1.1px;white-space:nowrap">Trading </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:1054.27px;white-space:nowrap">Companies </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:1961.14px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:744.23px;left:2121.14px;white-space:nowrap">Distributors </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:744.23px;left:3072.31px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:943.92px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:432px;white-space:nowrap">WESCO </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:1080.91px;white-space:nowrap">Distribution, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:1970.13px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2228.02px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2316.92px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:2823.88px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3161.84px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3250.75px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:3713.33px;white-space:nowrap">7.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:4024.73px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:4167px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:4255.91px;white-space:nowrap">6/15/28</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:4822.42px;letter-spacing:69.7px;white-space:nowrap">....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:7485.64px;white-space:nowrap">400,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:9412.66px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:940.71px;left:9501.64px;white-space:nowrap">445,376</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1224.48px;left:9368.2px;white-space:nowrap">1,048,646</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1522.8px;left:432px;letter-spacing:-0.16px;white-space:nowrap">Wireless </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1522.8px;left:1133.17px;letter-spacing:-0.66px;white-space:nowrap">Telecommunication </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1522.8px;left:2668.25px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1522.8px;left:3371.06px;white-space:nowrap">1.6%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:1722.5px;left:328.29px;white-space:nowrap">d,f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:432px;white-space:nowrap">Digicel</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:956.61px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:1445.75px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:2112.78px;white-space:nowrap">Ltd.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:2379.66px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:2468.56px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:2975.52px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:3313.48px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:3402.39px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:3864.97px;white-space:nowrap">PIK, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:4211.77px;white-space:nowrap">8</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:4300.75px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:4443.02px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:4531.92px;white-space:nowrap">4/01/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:5102.66px;letter-spacing:131.93px;white-space:nowrap">.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:5974.78px;white-space:nowrap">Bermuda</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:7574.63px;white-space:nowrap">48,600</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1719.29px;left:9590.63px;white-space:nowrap">41,556</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:432px;white-space:nowrap">Hughes </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:1027.94px;white-space:nowrap">Satellite </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:1641.61px;white-space:nowrap">Systems </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:2299.5px;white-space:nowrap">Corp.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:2690.75px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:2779.66px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:3286.61px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:3624.58px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:3713.48px;white-space:nowrap">6.625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:4113.88px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:4256.14px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:4345.05px;white-space:nowrap">8/01/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:4915.83px;letter-spacing:76.62px;white-space:nowrap">...</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:7352.2px;white-space:nowrap">1,300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1915.77px;left:9368.2px;white-space:nowrap">1,478,893</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2126.81px;left:432px;letter-spacing:-0.98px;white-space:nowrap">T-Mobile </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2126.81px;left:1089.97px;white-space:nowrap">USA, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2126.81px;left:1507.86px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2126.81px;left:1765.75px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2323.3px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2323.3px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2323.3px;left:1545.53px;white-space:nowrap">2.875%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2323.3px;left:2177.09px;white-space:nowrap">2/15/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2323.3px;left:2767.33px;letter-spacing:52.15px;white-space:nowrap">..........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2323.3px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2323.3px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2323.3px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2323.3px;left:9501.64px;white-space:nowrap">308,625</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2519.78px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2519.78px;left:1082.95px;white-space:nowrap">Bond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2519.78px;left:1545.53px;white-space:nowrap">3.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2519.78px;left:1999.13px;white-space:nowrap">4/15/31 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2519.78px;left:2580.5px;letter-spacing:51.92px;white-space:nowrap">............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2519.78px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2519.78px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2519.78px;left:7485.64px;white-space:nowrap">200,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2519.78px;left:9501.64px;white-space:nowrap">213,200</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2716.27px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2716.27px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2716.27px;left:1509.83px;white-space:nowrap">2.625%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2716.27px;left:2141.39px;white-space:nowrap">2/15/29 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2716.27px;left:2767.33px;letter-spacing:52.15px;white-space:nowrap">..........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2716.27px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2716.27px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2716.27px;left:7485.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2716.27px;left:9501.64px;white-space:nowrap">304,125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2912.75px;left:576px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2912.75px;left:1082.95px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2912.75px;left:1509.83px;white-space:nowrap">4.75%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2912.75px;left:2052.41px;white-space:nowrap">2/01/28 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2912.75px;left:2673.91px;letter-spacing:52.03px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2912.75px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2912.75px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2912.75px;left:7485.64px;white-space:nowrap">600,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2912.75px;left:9501.64px;white-space:nowrap">641,370</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3112.45px;left:406.08px;white-space:nowrap">f</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3109.24px;left:432px;white-space:nowrap">Vmed</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3109.24px;left:894.42px;white-space:nowrap">O2 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3109.24px;left:1152.31px;white-space:nowrap">UK </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3109.24px;left:1419.03px;white-space:nowrap">Financing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3109.24px;left:2157.23px;white-space:nowrap">I </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3109.24px;left:2246.14px;white-space:nowrap">plc</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3109.24px;left:2450.67px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3109.24px;left:2539.58px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3109.24px;left:3046.53px;white-space:nowrap">Secured </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3109.24px;left:3686.92px;white-space:nowrap">Bond</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3109.24px;left:4060.59px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3109.24px;left:4149.5px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3109.24px;left:4612.08px;white-space:nowrap">4.25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3109.24px;left:4923.48px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3109.24px;left:5065.75px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3301.24px;left:576px;white-space:nowrap">1/31/31</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3301.24px;left:1179.3px;letter-spacing:50.89px;white-space:nowrap">...........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3301.24px;left:5485.56px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3301.24px;left:5992.52px;white-space:nowrap">Kingdom</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3301.24px;left:7485.64px;white-space:nowrap">500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3301.24px;left:9501.64px;white-space:nowrap">501,885</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3585px;left:9368.2px;white-space:nowrap">3,489,654</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3864.02px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3864.02px;left:950.46px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3864.02px;left:1961.69px;white-space:nowrap">Bonds</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3864.02px;left:2639.42px;white-space:nowrap">(Cost </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3864.02px;left:3206.02px;white-space:nowrap">$174,516,361)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;position:absolute;top:3864.02px;left:4510.09px;letter-spacing:50.84px;white-space:nowrap">.....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3897.89px;left:9190.23px;white-space:nowrap">175,770,295</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:4258.31px;left:432px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4339.47px;left:385.36px;white-space:nowrap">k</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4331.51px;left:432px;white-space:nowrap">Marketplace </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4331.51px;left:1643.72px;white-space:nowrap">Loans </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4331.51px;left:2288.25px;white-space:nowrap">1.5%</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4576.43px;left:432px;text-rendering:optimizeLegibility;white-space:nowrap">Diversified </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4576.43px;left:1294.58px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4576.43px;left:2032.55px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4576.43px;left:2735.36px;white-space:nowrap">1.5%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4776.12px;left:385.36px;white-space:nowrap">c</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4772.91px;left:432px;white-space:nowrap">Freedom </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4772.91px;left:1116.69px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4772.91px;left:1792.63px;white-space:nowrap">Asset </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4772.91px;left:2237.23px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4772.91px;left:3215.59px;white-space:nowrap">LLC, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4772.91px;left:3598.02px;white-space:nowrap">5.99% </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4772.91px;left:4096.14px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4772.91px;left:4193.88px;white-space:nowrap">25.49%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4964.91px;left:576px;white-space:nowrap">8/01/23 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4964.91px;left:1154.28px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4964.91px;left:1252.02px;white-space:nowrap">10/25/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4964.91px;left:1926.61px;letter-spacing:51.33px;white-space:nowrap">...................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4964.91px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4964.91px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4964.91px;left:7485.64px;white-space:nowrap">608,668</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4964.91px;left:9501.64px;white-space:nowrap">609,629</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5164.61px;left:385.36px;white-space:nowrap">c</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:432px;white-space:nowrap">Lending </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:1045.91px;white-space:nowrap">Club </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:1419.42px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:1517.16px;white-space:nowrap">LCX </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:1872.86px;white-space:nowrap">PM, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:2201.77px;white-space:nowrap">8.46% </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:2699.89px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:2797.63px;white-space:nowrap">21.99%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:3429.19px;white-space:nowrap">10/30/23 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:4096.45px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:4194.19px;white-space:nowrap">1/14/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:4729px;letter-spacing:65.55px;white-space:nowrap">.....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:7485.64px;white-space:nowrap">168,365</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5161.39px;left:9501.64px;white-space:nowrap">155,871</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5361.09px;left:385.36px;white-space:nowrap">c</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5357.88px;left:432px;white-space:nowrap">Lending </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5357.88px;left:1045.91px;white-space:nowrap">Club </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5357.88px;left:1419.42px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5357.88px;left:1517.16px;white-space:nowrap">LCX, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5357.88px;left:1917.31px;white-space:nowrap">14.3% </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5357.88px;left:2415.44px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5357.88px;left:2513.17px;white-space:nowrap">25.65%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5357.88px;left:3144.73px;white-space:nowrap">8/26/22 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5357.88px;left:3723.02px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5357.88px;left:3820.75px;white-space:nowrap">2/07/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5357.88px;left:4355.35px;letter-spacing:58.18px;white-space:nowrap">.........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5357.88px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5357.88px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5357.88px;left:7497.52px;letter-spacing:-1.7px;white-space:nowrap">113,660</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5357.88px;left:9501.64px;white-space:nowrap">108,132</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5557.57px;left:385.36px;white-space:nowrap">c</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5554.36px;left:432px;white-space:nowrap">Lending </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5554.36px;left:1045.91px;white-space:nowrap">Club, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5554.36px;left:1463.88px;white-space:nowrap">5% </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5554.36px;left:1739.58px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5554.36px;left:1837.31px;white-space:nowrap">25.65%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5554.36px;left:2468.88px;white-space:nowrap">6/14/22 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5554.36px;left:3047.16px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5554.36px;left:3144.89px;white-space:nowrap">3/16/25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5554.36px;left:3701.46px;letter-spacing:54.15px;white-space:nowrap">................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5554.36px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5554.36px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5554.36px;left:7352.2px;white-space:nowrap">1,954,239</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5554.36px;left:9368.2px;white-space:nowrap">1,828,813</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5754.06px;left:385.36px;white-space:nowrap">c</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5750.85px;left:432px;letter-spacing:-0.98px;white-space:nowrap">Prosper, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5750.85px;left:1072.31px;white-space:nowrap">12.06% </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5750.85px;left:1659.42px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5750.85px;left:1757.16px;white-space:nowrap">29.74%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5750.85px;left:2388.72px;white-space:nowrap">8/17/24 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5750.85px;left:2967px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5750.85px;left:3064.73px;white-space:nowrap">8/30/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5750.85px;left:3608.05px;letter-spacing:53.84px;white-space:nowrap">.................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5750.85px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5750.85px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5750.85px;left:7485.64px;white-space:nowrap">534,600</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5750.85px;left:9501.64px;white-space:nowrap">560,786</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5950.54px;left:385.36px;white-space:nowrap">c</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5947.33px;left:432px;white-space:nowrap">Upgrade, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5947.33px;left:1134.66px;white-space:nowrap">24.99% </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5947.33px;left:1721.77px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5947.33px;left:1819.5px;white-space:nowrap">30.17%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5947.33px;left:2451.06px;letter-spacing:-1.32px;white-space:nowrap">11/14/22 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5947.33px;left:3106.45px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5947.33px;left:3204.19px;white-space:nowrap">12/23/24</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5947.33px;left:3888.29px;letter-spacing:54.89px;white-space:nowrap">..............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5947.33px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5947.33px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5947.33px;left:7574.63px;white-space:nowrap">42,167</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5947.33px;left:9590.63px;white-space:nowrap">34,755</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6231.1px;left:9368.2px;white-space:nowrap">3,297,986</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:10px;position:absolute;top:6445.38px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:10px;position:absolute;top:6445.38px;left:432px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:10px;position:absolute;top:6445.38px;left:6618.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:10px;position:absolute;top:6445.38px;left:8058.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:10px;position:absolute;top:6445.38px;left:8490.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:10px;position:absolute;top:6445.38px;left:10074.44px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6510.12px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6510.12px;left:950.46px;white-space:nowrap">Marketplace </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6510.12px;left:2162.18px;white-space:nowrap">Loans</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6510.12px;left:2806.71px;white-space:nowrap">(Cost </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6510.12px;left:3373.31px;white-space:nowrap">$3,490,583)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;position:absolute;top:6510.12px;left:4510.09px;letter-spacing:50.84px;white-space:nowrap">.....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6543.98px;left:9368.2px;white-space:nowrap">3,297,986</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6904.46px;left:432px;white-space:nowrap">Asset-Backed </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6904.46px;left:1810.42px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6904.46px;left:2822.04px;white-space:nowrap">2.3%</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7149.37px;left:432px;text-rendering:optimizeLegibility;white-space:nowrap">Diversified </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7149.37px;left:1294.58px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7149.37px;left:2032.55px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7149.37px;left:2735.36px;white-space:nowrap">2.3%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:7349.06px;left:359.44px;white-space:nowrap">f,l</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7360.41px;left:432px;white-space:nowrap">Consumer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7360.41px;left:1214.5px;white-space:nowrap">Loan </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7360.41px;left:1614.89px;white-space:nowrap">Underlying </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7360.41px;left:2424.19px;white-space:nowrap">Bond </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7360.41px;left:2842.31px;text-rendering:optimizeLegibility;white-space:nowrap">Certificate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7360.41px;left:3607px;white-space:nowrap">Issuer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7360.41px;left:4084.27px;letter-spacing:-0.99px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7360.41px;left:4487.23px;white-space:nowrap">I</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7360.41px;left:4531.69px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7556.9px;left:576px;white-space:nowrap">2019-26, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7556.9px;left:1252.09px;letter-spacing:-4.43px;white-space:nowrap">PT, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7556.9px;left:1527.72px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7556.9px;left:1990.3px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7556.9px;left:2408.03px;white-space:nowrap">18.103%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7556.9px;left:3128.58px;white-space:nowrap">8/15/44</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7556.9px;left:3701.46px;letter-spacing:54.15px;white-space:nowrap">................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7556.9px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7556.9px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7556.9px;left:7485.64px;white-space:nowrap">367,837</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7556.9px;left:9501.64px;white-space:nowrap">367,587</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7753.38px;left:576px;white-space:nowrap">2019-31, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7753.38px;left:1252.09px;letter-spacing:-4.43px;white-space:nowrap">PT, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7753.38px;left:1527.72px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7753.38px;left:1990.3px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7753.38px;left:2408.03px;white-space:nowrap">17.384%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7753.38px;left:3128.58px;white-space:nowrap">9/15/44</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7753.38px;left:3701.46px;letter-spacing:54.15px;white-space:nowrap">................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7753.38px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7753.38px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7753.38px;left:7485.64px;white-space:nowrap">330,256</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7753.38px;left:9501.64px;white-space:nowrap">327,468</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7949.87px;left:576px;white-space:nowrap">2019-37, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7949.87px;left:1252.09px;letter-spacing:-4.43px;white-space:nowrap">PT, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7949.87px;left:1527.72px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7949.87px;left:1990.3px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7949.87px;left:2408.03px;white-space:nowrap">18.323%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7949.87px;left:3128.58px;white-space:nowrap">10/17/44</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7949.87px;left:3794.87px;letter-spacing:54.49px;white-space:nowrap">...............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7949.87px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7949.87px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7949.87px;left:7485.64px;white-space:nowrap">344,057</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7949.87px;left:9501.64px;white-space:nowrap">339,673</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8146.35px;left:576px;white-space:nowrap">2019-42, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8146.35px;left:1252.09px;letter-spacing:-4.43px;white-space:nowrap">PT, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8146.35px;left:1527.72px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8146.35px;left:1990.3px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8146.35px;left:2408.03px;white-space:nowrap">17.972%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8146.35px;left:3128.58px;letter-spacing:-1.48px;white-space:nowrap">11/15/44</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8146.35px;left:3794.87px;letter-spacing:54.49px;white-space:nowrap">...............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8146.35px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8146.35px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8146.35px;left:7485.64px;white-space:nowrap">353,384</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8146.35px;left:9501.64px;white-space:nowrap">353,061</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8342.84px;left:576px;white-space:nowrap">2019-51, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8342.84px;left:1252.09px;letter-spacing:-4.43px;white-space:nowrap">PT, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8342.84px;left:1527.72px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8342.84px;left:1990.3px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8342.84px;left:2408.03px;white-space:nowrap">15.74%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8342.84px;left:3039.59px;white-space:nowrap">1/15/45</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8342.84px;left:3608.05px;letter-spacing:53.84px;white-space:nowrap">.................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8342.84px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8342.84px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8342.84px;left:7485.64px;white-space:nowrap">443,909</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8342.84px;left:9501.64px;white-space:nowrap">443,850</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8539.32px;left:576px;white-space:nowrap">2019-52, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8539.32px;left:1252.09px;letter-spacing:-4.43px;white-space:nowrap">PT, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8539.32px;left:1527.72px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8539.32px;left:1990.3px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8539.32px;left:2408.03px;white-space:nowrap">16.222%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8539.32px;left:3128.58px;white-space:nowrap">1/15/45</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8539.32px;left:3701.46px;letter-spacing:54.15px;white-space:nowrap">................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8539.32px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8539.32px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8539.32px;left:7485.64px;white-space:nowrap">384,285</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8539.32px;left:9501.64px;white-space:nowrap">386,863</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8735.8px;left:576px;white-space:nowrap">2019-S3, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8735.8px;left:1269.83px;letter-spacing:-4.43px;white-space:nowrap">PT, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8735.8px;left:1545.45px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8735.8px;left:2008.03px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8735.8px;left:2425.77px;white-space:nowrap">14.124%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8735.8px;left:3146.31px;white-space:nowrap">6/15/44</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8735.8px;left:3701.46px;letter-spacing:54.15px;white-space:nowrap">................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8735.8px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8735.8px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8735.8px;left:7574.63px;white-space:nowrap">87,548</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8735.8px;left:9590.63px;white-space:nowrap">87,140</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8932.29px;left:576px;white-space:nowrap">2019-S4, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8932.29px;left:1269.83px;letter-spacing:-4.43px;white-space:nowrap">PT, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8932.29px;left:1545.45px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8932.29px;left:2008.03px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8932.29px;left:2425.77px;white-space:nowrap">10.647%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8932.29px;left:3146.31px;white-space:nowrap">8/15/44</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8932.29px;left:3701.46px;letter-spacing:54.15px;white-space:nowrap">................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8932.29px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8932.29px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8932.29px;left:7485.64px;white-space:nowrap">296,834</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8932.29px;left:9501.64px;white-space:nowrap">296,853</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9128.77px;left:576px;white-space:nowrap">2019-S5, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9128.77px;left:1269.83px;letter-spacing:-4.43px;white-space:nowrap">PT, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9128.77px;left:1545.45px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9128.77px;left:2008.03px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9128.77px;left:2425.77px;white-space:nowrap">12.766%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9128.77px;left:3146.31px;white-space:nowrap">9/15/44</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9128.77px;left:3701.46px;letter-spacing:54.15px;white-space:nowrap">................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9128.77px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9128.77px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9128.77px;left:7485.64px;white-space:nowrap">309,612</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9128.77px;left:9501.64px;white-space:nowrap">309,449</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9325.26px;left:576px;white-space:nowrap">2019-S6, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9325.26px;left:1269.83px;letter-spacing:-4.43px;white-space:nowrap">PT, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9325.26px;left:1545.45px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9325.26px;left:2008.03px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9325.26px;left:2425.77px;letter-spacing:-1.32px;white-space:nowrap">11.361%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9325.26px;left:3134.44px;white-space:nowrap">10/17/44</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9325.26px;left:3794.87px;letter-spacing:54.49px;white-space:nowrap">...............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9325.26px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9325.26px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9325.26px;left:7485.64px;white-space:nowrap">300,809</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9325.26px;left:9501.64px;white-space:nowrap">295,221</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9521.74px;left:576px;white-space:nowrap">2019-S7, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9521.74px;left:1269.83px;letter-spacing:-4.43px;white-space:nowrap">PT, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9521.74px;left:1545.45px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9521.74px;left:2008.03px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9521.74px;left:2425.77px;white-space:nowrap">10.781%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9521.74px;left:3146.31px;white-space:nowrap">12/15/44</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9521.74px;left:3794.87px;letter-spacing:54.49px;white-space:nowrap">...............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9521.74px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9521.74px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9521.74px;left:7485.64px;white-space:nowrap">269,806</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9521.74px;left:9501.64px;white-space:nowrap">266,565</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9718.23px;left:576px;white-space:nowrap">2019-S8, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9718.23px;left:1269.83px;letter-spacing:-4.43px;white-space:nowrap">PT, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9718.23px;left:1545.45px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9718.23px;left:2008.03px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9718.23px;left:2425.77px;white-space:nowrap">9.972%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9718.23px;left:3057.33px;white-space:nowrap">1/15/45</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9718.23px;left:3608.05px;letter-spacing:53.84px;white-space:nowrap">.................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9718.23px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9718.23px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9718.23px;left:7485.64px;white-space:nowrap">320,245</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9718.23px;left:9501.64px;white-space:nowrap">315,165</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9914.71px;left:576px;white-space:nowrap">2020-2, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9914.71px;left:1163.11px;letter-spacing:-4.43px;white-space:nowrap">PT, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9914.71px;left:1438.73px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9914.71px;left:1901.31px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9914.71px;left:2319.05px;white-space:nowrap">16.225%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9914.71px;left:3039.59px;white-space:nowrap">3/15/45</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9914.71px;left:3608.05px;letter-spacing:53.84px;white-space:nowrap">.................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9914.71px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9914.71px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9914.71px;left:7485.64px;white-space:nowrap">359,508</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9914.71px;left:9501.64px;white-space:nowrap">360,523</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10111.2px;left:576px;white-space:nowrap">2020-7, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10111.2px;left:1163.11px;letter-spacing:-4.43px;white-space:nowrap">PT, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10111.2px;left:1438.73px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10111.2px;left:1901.31px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10111.2px;left:2319.05px;white-space:nowrap">16.13%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10111.2px;left:2950.61px;white-space:nowrap">4/17/45</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10111.2px;left:3514.63px;letter-spacing:53.57px;white-space:nowrap">..................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10111.2px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10111.2px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10111.2px;left:7485.64px;white-space:nowrap">208,061</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10111.2px;left:9513.52px;letter-spacing:-1.7px;white-space:nowrap">206,118</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:10310.89px;left:359.44px;white-space:nowrap">f,l</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10322.24px;left:432px;white-space:nowrap">Prosper </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10322.24px;left:1036.69px;white-space:nowrap">Pass-Thru </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10322.24px;left:1816.22px;letter-spacing:-0.99px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10322.24px;left:2219.19px;white-space:nowrap">III</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10322.24px;left:2352.55px;white-space:nowrap">,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10518.72px;left:576px;white-space:nowrap">2020-PT1, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10518.72px;left:1358.73px;white-space:nowrap">A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10518.72px;left:1554.36px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10518.72px;left:2016.94px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10518.72px;left:2434.67px;white-space:nowrap">8.796%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10518.72px;left:3066.23px;white-space:nowrap">3/15/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10518.72px;left:3608.05px;letter-spacing:53.84px;white-space:nowrap">.................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10518.72px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10518.72px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10518.72px;left:7485.64px;white-space:nowrap">224,760</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10518.72px;left:9501.64px;white-space:nowrap">224,882</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10715.21px;left:576px;white-space:nowrap">2020-PT2, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10715.21px;left:1358.73px;white-space:nowrap">A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10715.21px;left:1554.36px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10715.21px;left:2016.94px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10715.21px;left:2434.67px;white-space:nowrap">9.444%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10715.21px;left:3066.23px;white-space:nowrap">4/15/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10715.21px;left:3608.05px;letter-spacing:53.84px;white-space:nowrap">.................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10715.21px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10715.21px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10715.21px;left:7485.64px;white-space:nowrap">259,741</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10715.21px;left:9501.64px;white-space:nowrap">255,163</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10911.69px;left:576px;white-space:nowrap">2020-PT3, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10911.69px;left:1358.73px;white-space:nowrap">A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10911.69px;left:1554.36px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10911.69px;left:2016.94px;white-space:nowrap">FRN, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10911.69px;left:2434.67px;white-space:nowrap">7.183%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10911.69px;left:3066.23px;white-space:nowrap">5/15/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10911.69px;left:3608.05px;letter-spacing:53.84px;white-space:nowrap">.................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10911.69px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10911.69px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10911.69px;left:7574.63px;white-space:nowrap">51,135</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10911.69px;left:9590.63px;white-space:nowrap">51,223</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11111.39px;left:359.44px;white-space:nowrap">f,l</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11108.18px;left:432px;white-space:nowrap">Upgrade </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11108.18px;left:1090.2px;white-space:nowrap">Master </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11108.18px;left:1623.64px;white-space:nowrap">Pass-Thru </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11108.18px;left:2403.17px;letter-spacing:-1.19px;white-space:nowrap">Trust</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11108.18px;left:2761.69px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11108.18px;left:2850.59px;white-space:nowrap">2019-PT2</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11108.18px;left:3553.25px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11108.18px;left:3633.33px;white-space:nowrap">A</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11108.18px;left:3740.05px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11108.18px;left:3828.95px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11108.18px;left:4291.53px;white-space:nowrap">FRN</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11108.18px;left:4620.36px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11300.18px;left:576px;white-space:nowrap">14.189</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11300.18px;left:1065.38px;white-space:nowrap">%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11300.18px;left:1207.64px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11300.18px;left:1296.55px;white-space:nowrap">2/15/26</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11300.18px;left:1833.2px;letter-spacing:51.26px;white-space:nowrap">....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11300.18px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11300.18px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11300.18px;left:7485.64px;white-space:nowrap">257,016</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11300.18px;left:9501.64px;white-space:nowrap">259,856</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11583.94px;left:9368.2px;white-space:nowrap">5,146,660</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:10px;position:absolute;top:11798.22px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:10px;position:absolute;top:11798.22px;left:432px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:10px;position:absolute;top:11798.22px;left:6618.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:10px;position:absolute;top:11798.22px;left:8058.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:10px;position:absolute;top:11798.22px;left:8490.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:10px;position:absolute;top:11798.22px;left:10074.44px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:11862.96px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:11862.96px;left:943.04px;white-space:nowrap">Asset-Backed </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:11862.96px;left:2321.45px;white-space:nowrap">Securities</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:11862.96px;left:3333.07px;white-space:nowrap">(Cost </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:11862.96px;left:3899.68px;white-space:nowrap">$5,006,502)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;position:absolute;top:11862.96px;left:5032.92px;letter-spacing:51.12px;white-space:nowrap">................................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11896.83px;left:9368.2px;white-space:nowrap">5,146,660</div></div>
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				<div style="background-color:transparent;height:13px;transform:translate(0.000px,0.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:1px;position:absolute;top:65px;left:912px">

				<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1028.91px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1291.48px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2174.06px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2531.56px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2757.66px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2940.08px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3406.88px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3669.45px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3815.39px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4172.89px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4690.78px;white-space:nowrap">statements.</div></div>
		</div>
		<div style="height:17px;left:36px;position:absolute;top:744px;width:35px">
			<div style="width:717px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">20</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
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			<div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:88.75px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:88.75px;left:432px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:6010.72px;white-space:nowrap">Country</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:7530.33px;white-space:nowrap">Shares</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:88.75px;left:8451.51px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:21.02px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:234.11px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:234.11px;left:432px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:234.11px;left:6612.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:234.11px;left:8052.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:234.11px;left:8484.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:234.11px;left:10068.88px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:307.31px;left:432px;white-space:nowrap">Escrows </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:307.31px;left:1310.22px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:307.31px;left:1721.36px;white-space:nowrap">Litigation </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:307.31px;left:2676.73px;letter-spacing:-1px;white-space:nowrap">Trusts </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:307.31px;left:3332.49px;white-space:nowrap">0.0%</div><div style="font-family:Arial, sans-serif;font-size:116.6px;font-weight:bold;position:absolute;top:311.33px;left:3788.35px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:540.88px;left:380.12px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:537.67px;left:432px;white-space:nowrap">Chesapeake </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:537.67px;left:1374.89px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:537.67px;left:1926.3px;white-space:nowrap">Corp., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:537.67px;left:2406.45px;white-space:nowrap">Escrow </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:537.67px;left:2966.61px;white-space:nowrap">Account</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:537.67px;left:3608.05px;letter-spacing:53.84px;white-space:nowrap">.................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:537.67px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:537.67px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:537.67px;left:7352.2px;white-space:nowrap">1,500,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:537.67px;left:9501.64px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:537.67px;left:9590.63px;white-space:nowrap">41,250</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:816.68px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:816.68px;left:950.46px;white-space:nowrap">Escrows </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:816.68px;left:1828.68px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:816.68px;left:2239.81px;white-space:nowrap">Litigation </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:816.68px;left:3195.18px;letter-spacing:-1.58px;white-space:nowrap">Trusts </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:816.68px;left:3850.95px;white-space:nowrap">(Cost </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:816.68px;left:4417.55px;white-space:nowrap">$48,985)</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:816.68px;left:5242.05px;letter-spacing:51.27px;white-space:nowrap">..............................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:850.55px;left:9590.63px;white-space:nowrap">41,250</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1311.41px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1311.41px;left:950.46px;white-space:nowrap">Long </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1311.41px;left:1494.7px;letter-spacing:-2.97px;white-space:nowrap">Term </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1311.41px;left:2024.48px;white-space:nowrap">Investments </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1311.41px;left:3247.14px;white-space:nowrap">(Cost </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1311.41px;left:3813.74px;white-space:nowrap">$222,677,377)</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1311.41px;left:5137.49px;letter-spacing:51.19px;white-space:nowrap">...............................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1345.28px;left:9190.23px;white-space:nowrap">280,774,696</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1559.56px;left:10074.44px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1922.62px;left:432px;white-space:nowrap">Short </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1922.62px;left:1009.73px;letter-spacing:-2.97px;white-space:nowrap">Term </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1922.62px;left:1539.52px;white-space:nowrap">Investments </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:1922.62px;left:2762.18px;white-space:nowrap">3.0%</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:2252.71px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:2252.71px;left:432px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2184.97px;left:6010.72px;white-space:nowrap">Country</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2184.97px;left:7530.33px;white-space:nowrap">Shares</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:80px;position:absolute;top:2252.71px;left:8451.51px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2184.97px;left:9661.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:2398.07px;left:432px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2471.27px;left:432px;white-space:nowrap">Money </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2471.27px;left:1120.96px;white-space:nowrap">Market </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2471.27px;left:1821.26px;white-space:nowrap">Funds </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2471.27px;left:2476.73px;white-space:nowrap">3.0%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2704.83px;left:276.5px;white-space:nowrap">m,n</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2701.62px;left:432px;white-space:nowrap">Institutional </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2701.62px;left:1285.83px;white-space:nowrap">Fiduciary </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2701.62px;left:1976.45px;letter-spacing:-0.99px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2701.62px;left:2379.42px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2701.62px;left:2477.16px;white-space:nowrap">Money </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2701.62px;left:3001.84px;white-space:nowrap">Market </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2701.62px;left:3535.28px;white-space:nowrap">Portfolio, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2701.62px;left:4211.14px;white-space:nowrap">0.01%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2701.62px;left:4729px;letter-spacing:65.55px;white-space:nowrap">.....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2701.62px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2701.62px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2701.62px;left:7280.2px;white-space:nowrap">6,675,578</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2701.62px;left:9368.2px;white-space:nowrap">6,675,578</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2980.64px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2980.64px;left:950.46px;white-space:nowrap">Money </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2980.64px;left:1639.42px;white-space:nowrap">Market </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2980.64px;left:2339.71px;white-space:nowrap">Funds </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2980.64px;left:2995.18px;white-space:nowrap">(Cost </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2980.64px;left:3561.79px;white-space:nowrap">$6,675,578)</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2980.64px;left:4719.22px;letter-spacing:50.94px;white-space:nowrap">...................................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3014.51px;left:9368.2px;white-space:nowrap">6,675,578</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3301.48px;left:380.12px;white-space:nowrap">o</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3293.53px;left:432px;white-space:nowrap">Investments </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3293.53px;left:1654.66px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3293.53px;left:2154.66px;white-space:nowrap">Cash </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3293.53px;left:2699.29px;white-space:nowrap">Collateral </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3293.53px;left:3666.28px;white-space:nowrap">Received </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3293.53px;left:4600.16px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3533.53px;left:432px;white-space:nowrap">Loaned </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3533.53px;left:1198.7px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:3533.53px;left:2210.32px;white-space:nowrap">0.0%</div><div style="font-family:Arial, sans-serif;font-size:116.6px;font-weight:bold;position:absolute;top:3537.54px;left:2666.18px;white-space:nowrap">&#8224;</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:3840.54px;left:0px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:3840.54px;left:6612.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:3840.54px;left:8052.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;position:absolute;top:3840.54px;left:8484.88px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:20px;font-weight:bold;position:absolute;top:3840.54px;left:10068.88px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3933.05px;left:432px;white-space:nowrap">Money </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3933.05px;left:983.17px;white-space:nowrap">Market </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3933.05px;left:1543.41px;white-space:nowrap">Funds </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3933.05px;left:2067.78px;white-space:nowrap">0.0%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:3936.26px;left:2432.47px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4132.74px;left:276.5px;white-space:nowrap">m,n</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4129.53px;left:432px;white-space:nowrap">Institutional </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4129.53px;left:1285.83px;white-space:nowrap">Fiduciary </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4129.53px;left:1976.45px;letter-spacing:-0.99px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4129.53px;left:2379.42px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4129.53px;left:2477.16px;white-space:nowrap">Money </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4129.53px;left:3001.84px;white-space:nowrap">Market </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4129.53px;left:3535.28px;white-space:nowrap">Portfolio, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4129.53px;left:4211.14px;white-space:nowrap">0.01%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4129.53px;left:4729px;letter-spacing:65.55px;white-space:nowrap">.....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4129.53px;left:5663.45px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4129.53px;left:6170.41px;white-space:nowrap">States</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4129.53px;left:7502.63px;white-space:nowrap">46,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4129.53px;left:9590.63px;white-space:nowrap">46,000</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4413.3px;left:7388.22px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4605.3px;left:7423.4px;white-space:nowrap">Amount</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:4608.51px;left:8027.7px;white-space:nowrap">*</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4876.39px;left:432px;white-space:nowrap">Repurchase </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4876.39px;left:1386.45px;white-space:nowrap">Agreements </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4876.39px;left:2355.67px;white-space:nowrap">0.0%</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:4879.6px;left:2720.36px;white-space:nowrap">&#8224;</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:5076.09px;left:380.12px;white-space:nowrap">p</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.88px;left:432px;white-space:nowrap">Joint </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.88px;left:814.42px;white-space:nowrap">Repurchase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.88px;left:1712.78px;white-space:nowrap">Agreement, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.88px;left:2584.34px;letter-spacing:-2.21px;white-space:nowrap">BofA</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.88px;left:2966.84px;white-space:nowrap">Securities, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.88px;left:3758.25px;white-space:nowrap">Inc., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.88px;left:4105.05px;white-space:nowrap">0.05%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.88px;left:4647.63px;white-space:nowrap">9/01/21 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5264.88px;left:576px;white-space:nowrap">(Maturity </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5264.88px;left:1242.72px;letter-spacing:-1.98px;white-space:nowrap">Value </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5264.88px;left:1684.52px;white-space:nowrap">$12,148)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5456.88px;left:576px;white-space:nowrap">Collateralized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5456.88px;left:1589.83px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5456.88px;left:1803.27px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5456.88px;left:2156px;letter-spacing:-0.66px;white-space:nowrap">Treasury </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5456.88px;left:2825.77px;white-space:nowrap">Note, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5456.88px;left:3252.64px;white-space:nowrap">1.125%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5456.88px;left:3884.2px;white-space:nowrap">2/28/25 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5456.88px;left:4462.48px;white-space:nowrap">(valued </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5456.88px;left:5031.7px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5648.88px;left:576px;white-space:nowrap">$12,391)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5648.88px;left:1272.72px;letter-spacing:50.94px;white-space:nowrap">..........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5648.88px;left:7502.63px;white-space:nowrap">12,148</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5648.88px;left:9590.63px;white-space:nowrap">12,148</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5927.89px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5927.89px;left:950.46px;white-space:nowrap">Investments </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5927.89px;left:2173.11px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5927.89px;left:2673.11px;white-space:nowrap">Cash </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5927.89px;left:3217.74px;white-space:nowrap">Collateral </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5927.89px;left:4184.73px;white-space:nowrap">Received </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5927.89px;left:5118.62px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5927.89px;left:5440.79px;white-space:nowrap">Loaned </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5927.89px;left:6207.49px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6167.89px;left:432px;white-space:nowrap">(Cost </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6167.89px;left:998.6px;white-space:nowrap">$58,148)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;position:absolute;top:6167.89px;left:1791.36px;letter-spacing:50.08px;white-space:nowrap">...............................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6201.76px;left:9590.63px;white-space:nowrap">58,148</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6773.28px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6773.28px;left:950.46px;white-space:nowrap">Short </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6773.28px;left:1528.19px;letter-spacing:-2.97px;white-space:nowrap">Term </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6773.28px;left:2057.98px;white-space:nowrap">Investments </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6773.28px;left:3280.63px;white-space:nowrap">(Cost </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6773.28px;left:3847.23px;white-space:nowrap">$6,733,726</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6773.28px;left:4848.21px;white-space:nowrap">)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;position:absolute;top:6773.28px;left:4928.36px;letter-spacing:51.06px;white-space:nowrap">.................................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6807.15px;left:9368.2px;white-space:nowrap">6,733,726</div><div style="color:#ffffff;font-family:Arial, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:7203.27px;left:10074.44px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7268.01px;left:432px;letter-spacing:-2.47px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7268.01px;left:950.46px;white-space:nowrap">Investments </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7268.01px;left:2173.11px;white-space:nowrap">(Cost </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7268.01px;left:2739.71px;letter-spacing:-0.79px;white-space:nowrap">$229,411,103) </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7268.01px;left:4074.29px;white-space:nowrap">128.2%</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7268.01px;left:4823.79px;letter-spacing:51px;white-space:nowrap">..................................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7301.87px;left:9101.25px;white-space:nowrap">$287,508,422</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7493.61px;left:432px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7493.61px;left:1043.23px;white-space:nowrap">Payable </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7493.61px;left:1854.85px;white-space:nowrap">(29.0)%</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7493.61px;left:2627.89px;letter-spacing:50.24px;white-space:nowrap">.......................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7527.48px;left:9172.66px;white-space:nowrap">(64,945,576)</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7719.22px;left:432px;white-space:nowrap">Other </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7719.22px;left:1013.54px;white-space:nowrap">Assets, </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7719.22px;left:1780.63px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7719.22px;left:2225.46px;white-space:nowrap">Liabilities </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7719.22px;left:3203.48px;white-space:nowrap">0.8%</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:7719.22px;left:3673.56px;letter-spacing:50.51px;white-space:nowrap">.............................................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7753.09px;left:9368.2px;white-space:nowrap">1,683,000</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:8039.38px;left:432px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:8039.38px;left:802.41px;white-space:nowrap">Assets </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:8039.38px;left:1513.93px;white-space:nowrap">100.0%</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:8039.38px;left:2209.63px;letter-spacing:50.15px;white-space:nowrap">...........................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8073.25px;left:9101.25px;white-space:nowrap">$224,245,846</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3857.28px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4119.86px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5002.43px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5359.93px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5586.03px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5768.45px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6235.25px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6497.83px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6643.76px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7001.26px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7519.15px;white-space:nowrap">statements.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8353.45px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8798.45px;white-space:nowrap">Report</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:0px;white-space:nowrap">See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:262.73px;white-space:nowrap">Abbreviations </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:1094.22px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:1276.64px;white-space:nowrap">page </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:1605px;white-space:nowrap">37</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:-21.41px;left:1750.94px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:649.3px;left:0px;white-space:nowrap">* </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:645.08px;left:49.69px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:645.08px;left:312.27px;white-space:nowrap">principal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:645.08px;left:837.35px;white-space:nowrap">amount </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:645.08px;left:1311.49px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:645.08px;left:1442.74px;white-space:nowrap">stated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:645.08px;left:1836.72px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:645.08px;left:1975.32px;white-space:nowrap">U.S. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:645.08px;left:2266.96px;white-space:nowrap">dollars </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:645.08px;left:2689.93px;white-space:nowrap">unless </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:645.08px;left:3105.71px;white-space:nowrap">otherwise </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:645.08px;left:3703.68px;white-space:nowrap">indicated.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:845.78px;left:0px;white-space:nowrap">&#8224; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:841.56px;left:63.81px;white-space:nowrap">Rounds </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:841.56px;left:552.48px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:841.56px;left:698.42px;white-space:nowrap">less </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:841.56px;left:968.26px;white-space:nowrap">than </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:841.56px;left:1260.14px;white-space:nowrap">0.1% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:841.56px;left:1595.69px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:841.56px;left:1741.62px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:841.56px;left:1960.53px;white-space:nowrap">assets.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:1042.27px;left:0px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1038.05px;left:63.81px;white-space:nowrap">Non-income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1038.05px;left:807.56px;white-space:nowrap">producing.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:1238.75px;left:0px;white-space:nowrap">b </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:59.62px;letter-spacing:-3.59px;white-space:nowrap">A </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:176.42px;white-space:nowrap">portion </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:614.07px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:767.2px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:934.93px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:1080.87px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:1299.78px;white-space:nowrap">security </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:1788.37px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:1919.62px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:2102.04px;white-space:nowrap">loan </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:2386.57px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:2525.32px;white-space:nowrap">August </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:2970.32px;white-space:nowrap">31, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:3189.23px;white-space:nowrap">2021. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:3554.07px;white-space:nowrap">See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:3824px;white-space:nowrap">Note </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1234.53px;left:4137.59px;white-space:nowrap">1(e).</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:1435.24px;left:0px;white-space:nowrap">c </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1431.02px;left:59.53px;white-space:nowrap">Fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1431.02px;left:321.95px;white-space:nowrap">valued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1431.02px;left:745.08px;white-space:nowrap">using </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1431.02px;left:1095.23px;text-rendering:optimizeLegibility;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1431.02px;left:1715.23px;white-space:nowrap">unobservable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1431.02px;left:2539.53px;white-space:nowrap">inputs. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1431.02px;left:2962.65px;white-space:nowrap">See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1431.02px;left:3232.58px;white-space:nowrap">Note </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1431.02px;left:3546.17px;letter-spacing:-1.6px;white-space:nowrap">11 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1431.02px;left:3718.98px;white-space:nowrap">regarding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1431.02px;left:4309.76px;white-space:nowrap">fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1431.02px;left:4528.51px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1431.02px;left:4878.67px;white-space:nowrap">measurements.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:1631.72px;left:0px;white-space:nowrap">d </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1627.5px;left:63.81px;white-space:nowrap">Income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1627.5px;left:530.61px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1627.5px;left:814.98px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1627.5px;left:997.4px;white-space:nowrap">received </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1627.5px;left:1529.83px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1627.5px;left:1668.42px;white-space:nowrap">additional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1627.5px;left:2266.62px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1627.5px;left:2857.33px;white-space:nowrap">and/or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1627.5px;left:3265.84px;white-space:nowrap">cash.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:1828.2px;left:0px;white-space:nowrap">e </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1823.98px;left:63.81px;white-space:nowrap">Perpetual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1823.98px;left:661.94px;white-space:nowrap">security </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1823.98px;left:1150.53px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1823.98px;left:1420.3px;white-space:nowrap">no </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1823.98px;left:1602.72px;white-space:nowrap">stated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1823.98px;left:1996.7px;white-space:nowrap">maturity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:1823.98px;left:2499.83px;white-space:nowrap">date.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:2024.69px;left:0px;white-space:nowrap">f </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:42.54px;white-space:nowrap">Security </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:553.01px;white-space:nowrap">was </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:822.77px;white-space:nowrap">purchased </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:1471.99px;white-space:nowrap">pursuant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:2019.1px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:2165.04px;white-space:nowrap">Rule </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:2471.29px;letter-spacing:-1.44px;white-space:nowrap">144A </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:2806.99px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:2960.12px;white-space:nowrap">Regulation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:3623.87px;white-space:nowrap">S </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:3747.85px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:4119.88px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:4338.79px;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:4944.18px;white-space:nowrap">Act </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:5170.27px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:5316.21px;white-space:nowrap">1933. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:5681.06px;letter-spacing:-1.44px;white-space:nowrap">144A </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:6016.76px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:6607.46px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:6891.84px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:7074.26px;white-space:nowrap">sold </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:7351.45px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:7490.04px;white-space:nowrap">transactions </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:8234.02px;white-space:nowrap">exempt </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:8700.82px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:8999.73px;white-space:nowrap">registration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2020.47px;left:9685.27px;white-space:nowrap">only </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:0px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:145.94px;text-rendering:optimizeLegibility;white-space:nowrap">qualified </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:671.17px;white-space:nowrap">institutional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:1364.14px;white-space:nowrap">buyers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:1794.45px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:1947.58px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:2086.17px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:2195.63px;white-space:nowrap">public </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:2574.92px;letter-spacing:-0.25px;white-space:nowrap">offering </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:3046.8px;white-space:nowrap">registered </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:3666.72px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:4038.75px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:4257.66px;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:4863.05px;white-space:nowrap">Act </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:5089.14px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:5235.08px;white-space:nowrap">1933. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:5599.92px;white-space:nowrap">Regulation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:6263.67px;white-space:nowrap">S </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:6387.66px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:6978.36px;white-space:nowrap">cannot </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:7408.83px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:7591.25px;white-space:nowrap">sold </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:7868.44px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:8007.03px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:8225.94px;white-space:nowrap">United </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:8641.64px;white-space:nowrap">States </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:9050.16px;white-space:nowrap">without </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:9502.34px;white-space:nowrap">either </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2212.47px;left:9867.03px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:0px;letter-spacing:-0.23px;white-space:nowrap">effective </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:522.97px;white-space:nowrap">registration </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:1208.52px;white-space:nowrap">statement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:1821.25px;text-rendering:optimizeLegibility;white-space:nowrap">filed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:2098.44px;white-space:nowrap">pursuant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:2645.55px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:2791.48px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:3010.39px;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:3615.78px;white-space:nowrap">Act </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:3841.88px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:3987.81px;white-space:nowrap">1933, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:4352.66px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:4505.78px;white-space:nowrap">pursuant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:5052.89px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:5198.83px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:5381.25px;white-space:nowrap">exemption </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:6023.13px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:6322.03px;white-space:nowrap">registration. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:7036.88px;white-space:nowrap">At </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:7190.16px;white-space:nowrap">August </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:7635.16px;white-space:nowrap">31, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:7854.06px;white-space:nowrap">2021, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:8218.91px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:8437.81px;white-space:nowrap">aggregate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:9065.23px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:9415.39px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2404.47px;left:9561.33px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2596.47px;left:0px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2596.47px;left:590.7px;white-space:nowrap">was </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2596.47px;left:860.47px;white-space:nowrap">$148,430,694, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2596.47px;left:1736.09px;white-space:nowrap">representing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2596.47px;left:2501.95px;white-space:nowrap">66.2% </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2596.47px;left:2910.47px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2596.47px;left:3056.41px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2596.47px;left:3275.31px;white-space:nowrap">assets.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:2797.17px;left:0px;white-space:nowrap">g </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:59.62px;letter-spacing:-3.59px;white-space:nowrap">A </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:176.42px;white-space:nowrap">portion </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:614.07px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:767.2px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:934.93px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:1080.87px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:1299.78px;white-space:nowrap">security </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:1788.37px;white-space:nowrap">purchased </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:2437.59px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:2620.01px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:2729.46px;white-space:nowrap">delayed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:3225.56px;white-space:nowrap">delivery </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:3714.15px;white-space:nowrap">basis. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:4093.45px;white-space:nowrap">See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:4363.37px;white-space:nowrap">Note </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2792.95px;left:4676.96px;white-space:nowrap">1(c).</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:2993.66px;left:0px;white-space:nowrap">h </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2989.44px;left:63.81px;white-space:nowrap">See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2989.44px;left:333.73px;white-space:nowrap">Note </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2989.44px;left:647.33px;white-space:nowrap">8 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2989.44px;left:756.78px;white-space:nowrap">regarding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2989.44px;left:1347.56px;white-space:nowrap">credit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2989.44px;left:1704.9px;white-space:nowrap">risk </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2989.44px;left:1945.45px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2989.44px;left:2200.84px;white-space:nowrap">defaulted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2989.44px;left:2777.25px;white-space:nowrap">securities.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:3190.14px;left:0px;white-space:nowrap">i </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3185.92px;left:38.26px;white-space:nowrap">See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3185.92px;left:308.18px;white-space:nowrap">Note </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3185.92px;left:621.77px;white-space:nowrap">10 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3185.92px;left:804.2px;white-space:nowrap">regarding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3185.92px;left:1394.98px;white-space:nowrap">restricted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3185.92px;left:1971.07px;white-space:nowrap">securities.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:3386.63px;left:0px;white-space:nowrap">j </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3382.41px;left:36.94px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3382.41px;left:299.52px;white-space:nowrap">coupon </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3382.41px;left:766.47px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3382.41px;left:1029.05px;white-space:nowrap">shown </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3382.41px;left:1444.75px;white-space:nowrap">represents </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3382.41px;left:2101.16px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3382.41px;left:2320.06px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3382.41px;left:2582.64px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3382.41px;left:2728.58px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3382.41px;left:3129.75px;white-space:nowrap">end.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:3583.11px;left:0px;white-space:nowrap">k </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3578.89px;left:59.53px;white-space:nowrap">See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3578.89px;left:329.45px;white-space:nowrap">Note </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3578.89px;left:643.05px;white-space:nowrap">1(f) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3578.89px;left:876.33px;white-space:nowrap">regarding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3578.89px;left:1467.11px;white-space:nowrap">Marketplace </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3578.89px;left:2218.28px;white-space:nowrap">Lending.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:3779.6px;left:0px;white-space:nowrap">l </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:34.07px;white-space:nowrap">Adjustable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:683.29px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:945.87px;white-space:nowrap">security </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:1434.46px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:1704.23px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:1886.65px;white-space:nowrap">interest </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:2353.44px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:2616.02px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:2871.41px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:3002.66px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:3221.57px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:3615.55px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:3797.98px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:3907.43px;white-space:nowrap">published </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:4505.63px;white-space:nowrap">reference </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:5096.41px;letter-spacing:0px;white-space:nowrap">index </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:5446.57px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:5701.96px;letter-spacing:-0.17px;white-space:nowrap">spread.&#160;&#160;The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:6472.9px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:6735.48px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:6866.73px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:7260.71px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:7443.13px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:7662.04px;white-space:nowrap">structure </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:8208.99px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:8354.93px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:8573.83px;white-space:nowrap">agreement </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:9237.58px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3775.38px;left:9492.98px;white-space:nowrap">current </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3967.38px;left:0px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3967.38px;left:437.5px;white-space:nowrap">conditions. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3967.38px;left:1099.06px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3967.38px;left:1361.64px;white-space:nowrap">coupon </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3967.38px;left:1828.59px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3967.38px;left:2091.17px;white-space:nowrap">shown </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3967.38px;left:2506.88px;white-space:nowrap">represents </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3967.38px;left:3163.28px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3967.38px;left:3382.19px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3967.38px;left:3644.77px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3967.38px;left:3790.7px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3967.38px;left:4191.88px;white-space:nowrap">end.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:4168.08px;left:0px;white-space:nowrap">m </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4163.86px;left:84.99px;white-space:nowrap">See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4163.86px;left:354.91px;white-space:nowrap">Note </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4163.86px;left:668.51px;white-space:nowrap">4(c) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4163.86px;left:930.93px;white-space:nowrap">regarding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4163.86px;left:1521.71px;white-space:nowrap">investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4163.86px;left:2258.35px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4163.86px;left:2396.94px;text-rendering:optimizeLegibility;white-space:nowrap">affiliated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4163.86px;left:2922.18px;white-space:nowrap">management </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4163.86px;left:3724.52px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4163.86px;left:4395.54px;white-space:nowrap">companies.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:4364.56px;left:0px;white-space:nowrap">n </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4360.34px;left:62.49px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4360.34px;left:325.07px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4360.34px;left:587.65px;white-space:nowrap">shown </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4360.34px;left:1003.35px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4360.34px;left:1134.6px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4360.34px;left:1353.51px;white-space:nowrap">annualized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4360.34px;left:2024.68px;white-space:nowrap">seven-day </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4360.34px;left:2666.55px;letter-spacing:-0.23px;white-space:nowrap">effective </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4360.34px;left:3189.52px;white-space:nowrap">yield </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4360.34px;left:3495.85px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4360.34px;left:3641.79px;white-space:nowrap">period </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4360.34px;left:4042.96px;white-space:nowrap">end.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:4561.05px;left:0px;white-space:nowrap">o </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4556.83px;left:63.81px;white-space:nowrap">See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4556.83px;left:333.73px;white-space:nowrap">Note </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4556.83px;left:647.33px;white-space:nowrap">1(e) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4556.83px;left:917.09px;white-space:nowrap">regarding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4556.83px;left:1507.87px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4556.83px;left:2098.58px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4556.83px;left:2281px;white-space:nowrap">loan.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:4757.53px;left:0px;white-space:nowrap">p </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4753.31px;left:63.81px;white-space:nowrap">See </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4753.31px;left:333.73px;white-space:nowrap">Note </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4753.31px;left:647.33px;white-space:nowrap">1(d) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4753.31px;left:917.09px;white-space:nowrap">regarding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4753.31px;left:1507.87px;white-space:nowrap">joint </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4753.31px;left:1785.06px;white-space:nowrap">repurchase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4753.31px;left:2477.95px;white-space:nowrap">agreement.</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:994.69px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1257.27px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2139.84px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2497.34px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2723.44px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2905.86px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3372.66px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3635.23px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3781.17px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4138.67px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4656.56px;white-space:nowrap">statements.</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
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			<div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:53.02px;left:9457.66px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:245.02px;left:8923.98px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:245.02px;left:9688.83px;letter-spacing:-1.77px;white-space:nowrap">Trust</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:554.96px;left:0px;white-space:nowrap">Assets:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:757.44px;left:144px;white-space:nowrap">Investments </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:757.44px;left:1051.03px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:757.44px;left:1220.02px;white-space:nowrap">securities:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:959.92px;left:288px;white-space:nowrap">Cost </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:959.92px;left:661.44px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:959.92px;left:759.17px;text-rendering:optimizeLegibility;white-space:nowrap">Unaffiliated </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:959.92px;left:1604.09px;white-space:nowrap">issuers</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:959.92px;left:2148.5px;letter-spacing:49.55px;white-space:nowrap">...................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:959.92px;left:9101.25px;white-space:nowrap">$222,677,377</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:288px;white-space:nowrap">Cost </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:661.44px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:759.17px;white-space:nowrap">Non-controlled </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:1844.17px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:2475.58px;white-space:nowrap">(Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:2911.28px;white-space:nowrap">4c)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:3176.05px;letter-spacing:49.67px;white-space:nowrap">........................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:9368.2px;white-space:nowrap">6,721,578</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1364.89px;left:288px;white-space:nowrap">Cost </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1364.89px;left:661.44px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1364.89px;left:759.17px;text-rendering:optimizeLegibility;white-space:nowrap">Unaffiliated </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1364.89px;left:1604.09px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1364.89px;left:2449.02px;white-space:nowrap">agreements</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1364.89px;left:3362.87px;letter-spacing:49.7px;white-space:nowrap">......................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1364.89px;left:9590.63px;white-space:nowrap">12,148</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1648.83px;left:288px;letter-spacing:-1.98px;white-space:nowrap">Value </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1648.83px;left:729.8px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1648.83px;left:827.53px;text-rendering:optimizeLegibility;white-space:nowrap">Unaffiliated </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1648.83px;left:1672.45px;white-space:nowrap">issuers </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1648.83px;left:2268.16px;white-space:nowrap">(Includes </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1648.83px;left:2961.83px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1648.83px;left:3682.06px;white-space:nowrap">loaned </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1648.83px;left:4206.98px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1648.83px;left:4384.88px;white-space:nowrap">$57,374)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1648.83px;left:5044.31px;letter-spacing:50.07px;white-space:nowrap">....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1648.83px;left:9101.25px;white-space:nowrap">$280,774,696</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1851.32px;left:288px;letter-spacing:-1.98px;white-space:nowrap">Value </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1851.32px;left:729.8px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1851.32px;left:827.53px;white-space:nowrap">Non-controlled </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1851.32px;left:1912.53px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1851.32px;left:2543.94px;white-space:nowrap">(Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1851.32px;left:2979.64px;white-space:nowrap">4c)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1851.32px;left:3269.46px;letter-spacing:49.68px;white-space:nowrap">.......................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1851.32px;left:9368.2px;white-space:nowrap">6,721,578</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2053.8px;left:288px;letter-spacing:-1.98px;white-space:nowrap">Value </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2053.8px;left:729.8px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2053.8px;left:827.53px;text-rendering:optimizeLegibility;white-space:nowrap">Unaffiliated </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2053.8px;left:1672.45px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2053.8px;left:2517.38px;white-space:nowrap">agreements</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2053.8px;left:3362.87px;letter-spacing:49.7px;white-space:nowrap">......................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2053.8px;left:9590.63px;white-space:nowrap">12,148</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2256.29px;left:144px;white-space:nowrap">Cash</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2256.29px;left:560.48px;letter-spacing:49.43px;white-space:nowrap">....................................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2256.29px;left:9368.2px;white-space:nowrap">1,417,475</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2458.77px;left:144px;white-space:nowrap">Receivables:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2661.26px;left:288px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2661.26px;left:1115.03px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2661.26px;left:1835.27px;white-space:nowrap">sold</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2661.26px;left:2148.5px;letter-spacing:49.55px;white-space:nowrap">...................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2661.26px;left:9501.64px;white-space:nowrap">215,250</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2863.74px;left:288px;white-space:nowrap">Dividends </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2863.74px;left:1035.03px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2863.74px;left:1346.44px;white-space:nowrap">interest</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2863.74px;left:1961.68px;letter-spacing:49.54px;white-space:nowrap">.....................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2863.74px;left:9368.2px;white-space:nowrap">3,081,869</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3095.22px;left:576px;letter-spacing:-2.96px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3095.22px;left:958.42px;white-space:nowrap">assets</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3095.22px;left:1494.61px;letter-spacing:49.5px;white-space:nowrap">..........................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3095.22px;left:9190.23px;white-space:nowrap">292,223,016</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3326.71px;left:0px;white-space:nowrap">Liabilities:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3529.19px;left:144px;white-space:nowrap">Payables:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3731.68px;left:288px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3731.68px;left:1115.03px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3731.68px;left:1835.27px;white-space:nowrap">purchased</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3731.68px;left:2615.57px;letter-spacing:49.6px;white-space:nowrap">..............................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3731.68px;left:9501.64px;white-space:nowrap">300,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3934.16px;left:288px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3934.16px;left:1266.36px;white-space:nowrap">fees</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3934.16px;left:1588.02px;letter-spacing:49.51px;white-space:nowrap">.........................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3934.16px;left:9501.64px;white-space:nowrap">181,570</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4136.65px;left:288px;letter-spacing:-0.59px;white-space:nowrap">Trustees&#39; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4136.65px;left:979.48px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4136.65px;left:1326.36px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4136.65px;left:1637.77px;white-space:nowrap">expenses</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4136.65px;left:2335.33px;letter-spacing:49.57px;white-space:nowrap">.................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4136.65px;left:9679.61px;white-space:nowrap">2,429</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4339.13px;left:288px;white-space:nowrap">Distributions </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4339.13px;left:1212.77px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4339.13px;left:1390.66px;white-space:nowrap">shareholders</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4339.13px;left:2335.33px;letter-spacing:49.57px;white-space:nowrap">.................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4339.13px;left:9368.2px;white-space:nowrap">1,068,105</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4541.62px;left:288px;white-space:nowrap">Accrued </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4541.62px;left:919.41px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4541.62px;left:1488.55px;white-space:nowrap">(Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4541.62px;left:1924.25px;white-space:nowrap">3)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4541.62px;left:2148.5px;letter-spacing:49.55px;white-space:nowrap">...................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4541.62px;left:9368.2px;white-space:nowrap">1,176,749</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4744.1px;left:144px;white-space:nowrap">Payable </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4744.1px;left:766.66px;white-space:nowrap">upon </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4744.1px;left:1167.05px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4744.1px;left:1629.47px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4744.1px;left:1807.36px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4744.1px;left:2527.59px;white-space:nowrap">loaned </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4744.1px;left:3052.52px;white-space:nowrap">(Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4744.1px;left:3488.22px;white-space:nowrap">1e)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4744.1px;left:3736.52px;letter-spacing:49.76px;white-space:nowrap">..................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4744.1px;left:9590.63px;white-space:nowrap">58,148</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:144px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:650.95px;text-rendering:optimizeLegibility;white-space:nowrap">fixed </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:1033.38px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:1353.53px;white-space:nowrap">Notes, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:1860.41px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:2038.3px;white-space:nowrap">par </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:2314px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:2740.95px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:2918.84px;white-space:nowrap">$65,000,000 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:3853.06px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:4182.05px;white-space:nowrap">unamortized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:5106.97px;white-space:nowrap">Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:5489.39px;white-space:nowrap">issuance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:6165.33px;white-space:nowrap">costs </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:6583.22px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:6761.11px;white-space:nowrap">$54,424 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:7383.92px;white-space:nowrap">(Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:7819.63px;white-space:nowrap">3)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:8033.53px;letter-spacing:58.92px;white-space:nowrap">....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4946.58px;left:9279.22px;white-space:nowrap">64,945,576</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5149.07px;left:144px;white-space:nowrap">Accrued </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5149.07px;left:775.41px;white-space:nowrap">expenses </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5149.07px;left:1504.78px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5149.07px;left:1816.19px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5149.07px;left:2225.33px;white-space:nowrap">liabilities</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5149.07px;left:2895.81px;letter-spacing:49.64px;white-space:nowrap">...........................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5149.07px;left:9501.64px;white-space:nowrap">244,593</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5380.55px;left:576px;letter-spacing:-2.96px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5380.55px;left:958.42px;white-space:nowrap">liabilities</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5380.55px;left:1588.02px;letter-spacing:49.51px;white-space:nowrap">.........................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5380.55px;left:9279.22px;white-space:nowrap">67,977,170</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5641.04px;left:864px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5641.04px;left:1157.44px;white-space:nowrap">assets, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5641.04px;left:1708.77px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5641.04px;left:1886.66px;white-space:nowrap">value</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5641.04px;left:2335.33px;letter-spacing:49.57px;white-space:nowrap">.................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5641.04px;left:9101.25px;white-space:nowrap">$224,245,846</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6046.98px;left:0px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6046.98px;left:293.44px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6046.98px;left:800.31px;white-space:nowrap">consist </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6046.98px;left:1342.73px;white-space:nowrap">of:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6278.46px;left:144px;white-space:nowrap">Paid-in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6278.46px;left:686.5px;white-space:nowrap">capital</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6278.46px;left:1214.37px;letter-spacing:49.48px;white-space:nowrap">.............................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6278.46px;left:9101.25px;white-space:nowrap">$164,229,882</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6480.95px;left:144px;letter-spacing:-2.96px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6480.95px;left:526.42px;white-space:nowrap">distributable </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6480.95px;left:1433.61px;white-space:nowrap">earnings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6480.95px;left:2091.81px;white-space:nowrap">(losses)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6480.95px;left:2708.98px;letter-spacing:49.61px;white-space:nowrap">.............................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6480.95px;left:9279.22px;white-space:nowrap">60,015,964</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6712.43px;left:864px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6712.43px;left:1157.44px;white-space:nowrap">assets, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6712.43px;left:1708.77px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6712.43px;left:1886.66px;white-space:nowrap">value</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6712.43px;left:2335.33px;letter-spacing:49.57px;white-space:nowrap">.................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6712.43px;left:9101.25px;white-space:nowrap">$224,245,846</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6972.92px;left:144px;white-space:nowrap">Shares </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6972.92px;left:695.41px;white-space:nowrap">outstanding</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6972.92px;left:1588.02px;letter-spacing:49.51px;white-space:nowrap">.........................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6972.92px;left:9279.22px;white-space:nowrap">25,131,894</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7233.4px;left:144px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7233.4px;left:437.44px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7233.4px;left:864.31px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7233.4px;left:1291.27px;white-space:nowrap">per </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7233.4px;left:1566.97px;white-space:nowrap">share</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7233.4px;left:2055.09px;letter-spacing:49.55px;white-space:nowrap">....................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7233.4px;left:9679.61px;white-space:nowrap">$8.92</div></div>
		</div>


</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:928.8px;width:712.8px;transform-origin:top left;transform:scale(1.2,1.2)"><div style="position:absolute;top:0px;left:0px;width:594px;height:774px">
		<div style="height:26px;left:54px;position:absolute;top:32px;width:504px">
			<div style="width:10080px;height:432px;position:absolute;top:3.86px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">


			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7910.95px;letter-spacing:10.67px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8704.11px;letter-spacing:10.32px;white-space:nowrap">Universal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9597.08px;letter-spacing:9.15px;white-space:nowrap">Trust</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8272.39px;letter-spacing:10.32px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:9109.27px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
		</div>
		<div style="height:40px;left:54px;position:absolute;top:78px;width:504px">
			<div style="width:10080px;height:702px;position:absolute;top:4.61px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">


			<div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Statement </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1257.34px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1546.42px;white-space:nowrap">Operations</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:333.68px;left:0px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:333.68px;left:260.07px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:333.68px;left:560.3px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:333.68px;left:960.47px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:333.68px;left:1501.08px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:333.68px;left:2111.48px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:333.68px;left:2411.72px;white-space:nowrap">2021</div></div>
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		<div style="background-color:transparent;height:1px;left:54px;position:absolute;top:744px;width:504px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMElEQVR4Xu3KIREAMAwAsVdb/xImoaw3EBCWqgEAAAAAAAAA+MwaAAAAAAAAAABOPTnTicuMWE6aAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="height:17px;left:54px;position:absolute;top:744px;width:135px">
			<div style="width:2700px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
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		<div style="height:30px;left:54px;position:absolute;top:739px;width:459px">
			<div style="width:9192px;height:259px;position:absolute;top:5.75px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

				<div style="background-color:transparent;height:13px;transform:translate(0.000px,0.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:1px;position:absolute;top:65px;left:8270px">

				<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3857.28px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4119.86px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5002.43px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5359.93px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5586.03px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5768.45px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6235.25px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6497.83px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6643.76px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7001.26px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7519.15px;white-space:nowrap">statements.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8353.45px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8798.45px;white-space:nowrap">Report</div></div>
		</div>
		<div style="height:17px;left:522px;position:absolute;top:744px;width:35px">
			<div style="width:717px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">23</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="background-image:url(data:image/png;base64,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			<div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:53.02px;left:9457.66px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:245.02px;left:8923.98px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:245.02px;left:9688.83px;letter-spacing:-1.77px;white-space:nowrap">Trust</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:554.96px;left:0px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:554.96px;left:827.03px;white-space:nowrap">income:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:757.44px;left:144px;white-space:nowrap">Dividends: </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:757.44px;left:935.48px;white-space:nowrap">(net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:757.44px;left:1255.64px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:757.44px;left:1433.53px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:757.44px;left:1967.2px;white-space:nowrap">taxes </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:757.44px;left:2394.08px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:757.44px;left:2571.97px;white-space:nowrap">$15,516)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:959.92px;left:288px;text-rendering:optimizeLegibility;white-space:nowrap">Unaffiliated </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:959.92px;left:1132.92px;white-space:nowrap">issuers</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:959.92px;left:1681.44px;letter-spacing:49.51px;white-space:nowrap">........................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:959.92px;left:9279.22px;white-space:nowrap">$2,988,561</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:288px;white-space:nowrap">Non-controlled </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:1373px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:2004.41px;white-space:nowrap">(Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:2440.11px;white-space:nowrap">4</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:2529.09px;white-space:nowrap">c</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:2609.09px;white-space:nowrap">)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:2708.98px;letter-spacing:49.61px;white-space:nowrap">.............................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1162.41px;left:9813.05px;white-space:nowrap">354</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1364.89px;left:144px;white-space:nowrap">Interest: </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1567.38px;left:288px;text-rendering:optimizeLegibility;white-space:nowrap">Unaffiliated </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1567.38px;left:1132.92px;white-space:nowrap">issuers</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1567.38px;left:1681.44px;letter-spacing:49.51px;white-space:nowrap">........................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1567.38px;left:9291.09px;letter-spacing:-1.19px;white-space:nowrap">11,894,974</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1769.86px;left:144px;white-space:nowrap">Income </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1769.86px;left:713.14px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1769.86px;left:1077.59px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1769.86px;left:1797.83px;white-space:nowrap">loaned:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1972.35px;left:288px;text-rendering:optimizeLegibility;white-space:nowrap">Unaffiliated </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1972.35px;left:1132.92px;white-space:nowrap">entities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1972.35px;left:1684.33px;white-space:nowrap">(net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1972.35px;left:2004.48px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1972.35px;left:2182.38px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1972.35px;left:2529.25px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1972.35px;left:2840.66px;white-space:nowrap">rebates)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1972.35px;left:3456.29px;letter-spacing:49.71px;white-space:nowrap">.....................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1972.35px;left:9679.61px;white-space:nowrap">2,763</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2174.83px;left:288px;white-space:nowrap">Non-controlled </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2174.83px;left:1373px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2174.83px;left:2004.41px;white-space:nowrap">(Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2174.83px;left:2440.11px;white-space:nowrap">4</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2174.83px;left:2529.09px;white-space:nowrap">c</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2174.83px;left:2609.09px;white-space:nowrap">)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2174.83px;left:2708.98px;letter-spacing:49.61px;white-space:nowrap">.............................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2174.83px;left:9902.03px;white-space:nowrap">25</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2406.32px;left:432px;letter-spacing:-2.96px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2406.32px;left:814.42px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2406.32px;left:1632.55px;white-space:nowrap">income</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2406.32px;left:2148.5px;letter-spacing:49.55px;white-space:nowrap">...................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2406.32px;left:9279.22px;white-space:nowrap">14,886,677</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2637.8px;left:0px;white-space:nowrap">Expenses:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2840.28px;left:144px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2840.28px;left:1122.36px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2840.28px;left:1469.23px;white-space:nowrap">(Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2840.28px;left:1904.94px;white-space:nowrap">4</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2840.28px;left:1993.92px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2840.28px;left:2082.91px;white-space:nowrap">)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2840.28px;left:2148.5px;letter-spacing:49.55px;white-space:nowrap">...................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2840.28px;left:9368.2px;white-space:nowrap">2,109,786</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3042.77px;left:144px;white-space:nowrap">Interest </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3042.77px;left:722.05px;white-space:nowrap">expense </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3042.77px;left:1371.42px;white-space:nowrap">(Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3042.77px;left:1807.13px;white-space:nowrap">3</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3042.77px;left:1896.11px;white-space:nowrap">)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3042.77px;left:1961.68px;letter-spacing:49.54px;white-space:nowrap">.....................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3042.77px;left:9368.2px;white-space:nowrap">2,544,983</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3245.25px;left:144px;letter-spacing:-0.66px;white-space:nowrap">Transfer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3245.25px;left:778.22px;white-space:nowrap">agent </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3245.25px;left:1223.06px;white-space:nowrap">fees</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3245.25px;left:1588.02px;letter-spacing:49.51px;white-space:nowrap">.........................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3245.25px;left:9590.63px;white-space:nowrap">64,642</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3447.74px;left:144px;white-space:nowrap">Custodian </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3447.74px;left:908.92px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3447.74px;left:1255.8px;white-space:nowrap">(Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3447.74px;left:1691.5px;white-space:nowrap">5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3447.74px;left:1780.48px;white-space:nowrap">)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3447.74px;left:1868.26px;letter-spacing:49.53px;white-space:nowrap">......................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3447.74px;left:9679.61px;white-space:nowrap">1,755</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3650.22px;left:144px;white-space:nowrap">Reports </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3650.22px;left:748.69px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3650.22px;left:926.58px;white-space:nowrap">shareholders</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3650.22px;left:1868.26px;letter-spacing:49.53px;white-space:nowrap">......................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3650.22px;left:9602.5px;letter-spacing:-1.98px;white-space:nowrap">11,904</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3852.71px;left:144px;white-space:nowrap">Professional </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3852.71px;left:1068.92px;white-space:nowrap">fees</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3852.71px;left:1401.2px;letter-spacing:49.49px;white-space:nowrap">...........................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3852.71px;left:9501.64px;white-space:nowrap">280,502</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4055.19px;left:144px;letter-spacing:-0.59px;white-space:nowrap">Trustees&#39; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4055.19px;left:835.48px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4055.19px;left:1182.36px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4055.19px;left:1493.77px;white-space:nowrap">expenses</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4055.19px;left:2241.91px;letter-spacing:49.56px;white-space:nowrap">..................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4055.19px;left:9679.61px;white-space:nowrap">7,658</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4257.67px;left:144px;white-space:nowrap">Amortization </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4257.67px;left:1077.67px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4257.67px;left:1255.56px;white-space:nowrap">note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4257.67px;left:1611.42px;white-space:nowrap">issuance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4257.67px;left:2287.36px;white-space:nowrap">costs </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4257.67px;left:2705.25px;white-space:nowrap">(Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4257.67px;left:3140.95px;white-space:nowrap">3</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4257.67px;left:3229.94px;white-space:nowrap">)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4257.67px;left:3362.87px;letter-spacing:49.7px;white-space:nowrap">......................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4257.67px;left:9590.63px;white-space:nowrap">17,168</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4460.16px;left:144px;white-space:nowrap">Marketplace </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4460.16px;left:1059.94px;white-space:nowrap">lending </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4460.16px;left:1620.41px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4460.16px;left:1967.28px;white-space:nowrap">(Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4460.16px;left:2402.98px;white-space:nowrap">1f)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4460.16px;left:2615.57px;letter-spacing:49.6px;white-space:nowrap">..............................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4460.16px;left:9501.64px;white-space:nowrap">240,880</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4662.64px;left:144px;white-space:nowrap">Other</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4662.64px;left:560.48px;letter-spacing:49.43px;white-space:nowrap">....................................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4662.64px;left:9501.64px;white-space:nowrap">132,893</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4865.13px;left:432px;letter-spacing:-2.96px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4865.13px;left:814.42px;white-space:nowrap">expenses</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4865.13px;left:1588.02px;letter-spacing:49.51px;white-space:nowrap">.........................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4865.13px;left:9368.2px;white-space:nowrap">5,412,171</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5067.61px;left:432px;white-space:nowrap">Expense </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5067.61px;left:1099.11px;white-space:nowrap">reductions </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5067.61px;left:1881.77px;white-space:nowrap">(Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5067.61px;left:2317.47px;white-space:nowrap">5</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5067.61px;left:2406.45px;white-space:nowrap">)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5067.61px;left:2522.15px;letter-spacing:49.59px;white-space:nowrap">...............................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5067.61px;left:9884.45px;white-space:nowrap">(4)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5270.1px;left:432px;white-space:nowrap">Expenses </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5270.1px;left:1179.11px;white-space:nowrap">waived/paid </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5270.1px;left:2068.56px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5270.1px;left:2282px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5270.1px;left:2913.41px;white-space:nowrap">(Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5270.1px;left:3349.11px;white-space:nowrap">4c)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5270.1px;left:3643.11px;letter-spacing:49.74px;white-space:nowrap">...................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5270.1px;left:9573.05px;white-space:nowrap">(4,783)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5501.58px;left:576px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5501.58px;left:869.44px;white-space:nowrap">expenses</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5501.58px;left:1588.02px;letter-spacing:49.51px;white-space:nowrap">.........................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5501.58px;left:9368.2px;white-space:nowrap">5,407,384</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5762.07px;left:720px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5762.07px;left:1013.44px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5762.07px;left:1831.56px;white-space:nowrap">income</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5762.07px;left:2428.74px;letter-spacing:49.58px;white-space:nowrap">................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5762.07px;left:9368.2px;white-space:nowrap">9,479,293</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6022.55px;left:0px;white-space:nowrap">Realized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6022.55px;left:667.03px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6022.55px;left:978.44px;white-space:nowrap">unrealized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6022.55px;left:1761.17px;white-space:nowrap">gains </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6022.55px;left:2188.13px;white-space:nowrap">(losses):</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6283.03px;left:144px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6283.03px;left:437.44px;white-space:nowrap">realized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6283.03px;left:1042.2px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6283.03px;left:1389.16px;white-space:nowrap">(loss) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6283.03px;left:1824.7px;white-space:nowrap">from:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6514.52px;left:288px;white-space:nowrap">Investments: </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6717px;left:432px;text-rendering:optimizeLegibility;white-space:nowrap">Unaffiliated </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6717px;left:1276.92px;white-space:nowrap">issuers</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6717px;left:1868.26px;letter-spacing:49.53px;white-space:nowrap">......................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6717px;left:9368.2px;white-space:nowrap">3,848,648</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6919.49px;left:288px;white-space:nowrap">Foreign </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6919.49px;left:874.95px;white-space:nowrap">currency </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6919.49px;left:1532.92px;white-space:nowrap">transactions</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6919.49px;left:2428.74px;letter-spacing:49.58px;white-space:nowrap">................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6919.49px;left:9813.05px;white-space:nowrap">695</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7150.97px;left:576px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7150.97px;left:869.44px;white-space:nowrap">realized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7150.97px;left:1474.2px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7150.97px;left:1821.16px;white-space:nowrap">(loss)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7150.97px;left:2241.91px;letter-spacing:49.56px;white-space:nowrap">..................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7150.97px;left:9368.2px;white-space:nowrap">3,849,343</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7382.46px;left:144px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7382.46px;left:437.44px;white-space:nowrap">change </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7382.46px;left:1006.81px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7382.46px;left:1175.8px;white-space:nowrap">unrealized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7382.46px;left:1958.53px;white-space:nowrap">appreciation </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7382.46px;left:2874.7px;white-space:nowrap">(depreciation) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7382.46px;left:3897.44px;white-space:nowrap">on:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7584.94px;left:288px;white-space:nowrap">Investments:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7787.42px;left:432px;text-rendering:optimizeLegibility;white-space:nowrap">Unaffiliated </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7787.42px;left:1276.92px;white-space:nowrap">issuers</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7787.42px;left:1868.26px;letter-spacing:49.53px;white-space:nowrap">......................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7787.42px;left:9279.22px;white-space:nowrap">17,529,709</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7989.91px;left:288px;letter-spacing:-0.49px;white-space:nowrap">Translation </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7989.91px;left:1118px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7989.91px;left:1295.89px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7989.91px;left:1705.03px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7989.91px;left:2211.91px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7989.91px;left:2523.31px;white-space:nowrap">liabilities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7989.91px;left:3172.45px;white-space:nowrap">denominated </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7989.91px;left:4142.06px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7989.91px;left:4311.05px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7989.91px;left:4844.72px;white-space:nowrap">currencies</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7989.91px;left:5604.79px;letter-spacing:50.29px;white-space:nowrap">..............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7989.91px;left:9706.48px;white-space:nowrap">(444)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8221.39px;left:576px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8221.39px;left:869.44px;white-space:nowrap">change </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8221.39px;left:1438.81px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8221.39px;left:1607.8px;white-space:nowrap">unrealized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8221.39px;left:2390.53px;white-space:nowrap">appreciation </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8221.39px;left:3306.7px;white-space:nowrap">(depreciation)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8221.39px;left:4297px;letter-spacing:49.87px;white-space:nowrap">............................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8221.39px;left:9279.22px;white-space:nowrap">17,529,265</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8481.88px;left:0px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8481.88px;left:293.44px;white-space:nowrap">realized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8481.88px;left:898.2px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8481.88px;left:1209.61px;white-space:nowrap">unrealized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8481.88px;left:1992.34px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8481.88px;left:2339.3px;white-space:nowrap">(loss)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8481.88px;left:2802.39px;letter-spacing:49.62px;white-space:nowrap">............................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8481.88px;left:9279.22px;white-space:nowrap">21,378,608</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8742.36px;left:0px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8742.36px;left:293.44px;white-space:nowrap">increase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8742.36px;left:942.66px;white-space:nowrap">(decrease) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8742.36px;left:1751.88px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8742.36px;left:1920.86px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8742.36px;left:2187.73px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8742.36px;left:2694.61px;white-space:nowrap">resulting </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8742.36px;left:3343.83px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8742.36px;left:3708.28px;white-space:nowrap">operations</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8742.36px;left:4483.83px;letter-spacing:49.91px;white-space:nowrap">..........................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8742.36px;left:9190.23px;white-space:nowrap">$30,857,901</div></div>
		</div>


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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.67px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:793.16px;letter-spacing:10.32px;white-space:nowrap">Universal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1686.13px;letter-spacing:9.15px;white-space:nowrap">Trust</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:0px;letter-spacing:10.32px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:836.88px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
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		<div style="height:39px;left:36px;position:absolute;top:77px;width:503px">
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			<div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Statements </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1387.34px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1676.42px;white-space:nowrap">Changes </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:2789.41px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3064.01px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3526.5px;white-space:nowrap">Assets</div></div>
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			<div style="width:2700px;height:254px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
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		<div style="height:30px;left:82px;position:absolute;top:739px;width:458px">
			<div style="width:9164px;height:259px;position:absolute;top:5.75px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

				<div style="background-color:transparent;height:13px;transform:translate(0.000px,0.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:1px;position:absolute;top:65px;left:912px">

				<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:994.69px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:1257.27px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2139.84px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2497.34px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2723.44px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:2905.86px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3372.66px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3635.23px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3781.17px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4138.67px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4656.56px;white-space:nowrap">statements.</div></div>
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		<div style="height:17px;left:36px;position:absolute;top:744px;width:35px">
			<div style="width:717px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">24</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="height:13px;left:72px;position:absolute;top:745px;width:9px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div 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			<div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:53.02px;left:7440.59px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:53.02px;left:8107.39px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:53.02px;left:8872.23px;letter-spacing:-1.77px;white-space:nowrap">Trust</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:313.5px;left:7480.52px;letter-spacing:-1.77px;white-space:nowrap">Year </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:313.5px;left:7863.09px;white-space:nowrap">Ended</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:505.5px;left:7133.72px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:505.5px;left:7729.19px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:505.5px;left:7996.06px;white-space:nowrap">2021</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:313.5px;left:9208.52px;letter-spacing:-1.77px;white-space:nowrap">Year </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:313.5px;left:9591.09px;white-space:nowrap">Ended</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:505.5px;left:8861.72px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:505.5px;left:9457.19px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:505.5px;left:9724.06px;white-space:nowrap">2020</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:815.44px;left:0px;white-space:nowrap">Increase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:815.44px;left:658.13px;white-space:nowrap">(decrease) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:815.44px;left:1467.34px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:815.44px;left:1636.33px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:815.44px;left:1903.2px;white-space:nowrap">assets:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1017.92px;left:144px;white-space:nowrap">Operations:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1220.41px;left:288px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1220.41px;left:581.44px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1220.41px;left:1399.56px;white-space:nowrap">income</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1220.41px;left:1961.68px;letter-spacing:49.7px;white-space:nowrap">.................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1220.41px;left:7551.22px;white-space:nowrap">$9,479,293</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1220.41px;left:9190.23px;white-space:nowrap">$10,341,077</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1422.89px;left:288px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1422.89px;left:581.44px;white-space:nowrap">realized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1422.89px;left:1186.2px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1422.89px;left:1533.16px;white-space:nowrap">(loss)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1422.89px;left:1961.68px;letter-spacing:49.7px;white-space:nowrap">.................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1422.89px;left:7640.2px;white-space:nowrap">3,849,343</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1422.89px;left:9261.64px;white-space:nowrap">(1,265,255)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1625.38px;left:288px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1625.38px;left:581.44px;white-space:nowrap">change </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1625.38px;left:1150.81px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1625.38px;left:1319.8px;white-space:nowrap">unrealized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1625.38px;left:2102.53px;white-space:nowrap">appreciation </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1625.38px;left:3018.7px;white-space:nowrap">(depreciation)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1625.38px;left:4016.76px;letter-spacing:50.3px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1625.38px;left:7551.22px;white-space:nowrap">17,529,265</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1625.38px;left:9172.66px;white-space:nowrap">(10,590,299)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1856.86px;left:576px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1856.86px;left:869.44px;white-space:nowrap">increase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1856.86px;left:1518.66px;white-space:nowrap">(decrease) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1856.86px;left:2327.88px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1856.86px;left:2496.86px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1856.86px;left:2763.73px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1856.86px;left:3270.61px;white-space:nowrap">resulting </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1856.86px;left:3919.83px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1856.86px;left:4284.28px;white-space:nowrap">operations</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1856.86px;left:5044.31px;letter-spacing:51.22px;white-space:nowrap">................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1856.86px;left:7551.22px;white-space:nowrap">30,857,901</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1856.86px;left:9261.64px;white-space:nowrap">(1,514,477)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2088.35px;left:144px;white-space:nowrap">Distributions </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2088.35px;left:1068.77px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2088.35px;left:1246.66px;white-space:nowrap">shareholders</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2088.35px;left:2241.91px;letter-spacing:49.75px;white-space:nowrap">..............................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2088.35px;left:7444.66px;white-space:nowrap">(10,706,188)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2088.35px;left:9261.64px;white-space:nowrap">(9,683,318)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2372.29px;left:576px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2372.29px;left:869.44px;white-space:nowrap">increase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2372.29px;left:1518.66px;white-space:nowrap">(decrease) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2372.29px;left:2327.88px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2372.29px;left:2496.86px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2372.29px;left:2763.73px;white-space:nowrap">assets</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2372.29px;left:3269.46px;letter-spacing:49.99px;white-space:nowrap">...................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2372.29px;left:7551.22px;white-space:nowrap">20,151,713</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2372.29px;left:9184.53px;letter-spacing:-0.99px;white-space:nowrap">(11,197,795)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2574.77px;left:0px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2574.77px;left:293.44px;white-space:nowrap">assets:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2777.26px;left:144px;white-space:nowrap">Beginning </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2777.26px;left:900.17px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2777.26px;left:1078.06px;white-space:nowrap">year</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2777.26px;left:1401.2px;letter-spacing:49.62px;white-space:nowrap">.......................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2777.26px;left:7462.23px;white-space:nowrap">204,094,133</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2777.26px;left:9190.23px;white-space:nowrap">215,291,928</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3008.74px;left:144px;white-space:nowrap">End </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3008.74px;left:473.14px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3008.74px;left:651.03px;white-space:nowrap">year</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3008.74px;left:1027.54px;letter-spacing:49.57px;white-space:nowrap">...........................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3008.74px;left:7373.25px;white-space:nowrap">$224,245,846</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3008.74px;left:9101.25px;white-space:nowrap">$204,094,133</div></div>
		</div>


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		<div style="height:26px;left:54px;position:absolute;top:32px;width:504px">
			<div style="width:10080px;height:432px;position:absolute;top:3.86px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">


			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7910.95px;letter-spacing:10.67px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8704.11px;letter-spacing:10.32px;white-space:nowrap">Universal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9597.08px;letter-spacing:9.15px;white-space:nowrap">Trust</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8272.39px;letter-spacing:10.32px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:9109.27px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Statement </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1257.34px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1546.42px;white-space:nowrap">Cash </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:2225.62px;white-space:nowrap">Flows</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:333.68px;left:0px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:333.68px;left:260.07px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:333.68px;left:560.3px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:333.68px;left:960.47px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:333.68px;left:1501.08px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:333.68px;left:2111.48px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:333.68px;left:2411.72px;white-space:nowrap">2021</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMElEQVR4Xu3KIREAMAwAsVdb/xImoaw3EBCWqgEAAAAAAAAA+MwaAAAAAAAAAABOPTnTicuMWE6aAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="height:17px;left:54px;position:absolute;top:744px;width:135px">
			<div style="width:2700px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
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			<div style="width:9192px;height:259px;position:absolute;top:5.75px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

				<div style="background-color:transparent;height:13px;transform:translate(0.000px,0.000px) rotate(0.000deg) skew(0.000deg) scale(20.000,20.000);transform-origin:0% 0%;width:1px;position:absolute;top:65px;left:8270px">

				<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:3857.28px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:4119.86px;white-space:nowrap">accompanying </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5002.43px;white-space:nowrap">notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5359.93px;white-space:nowrap">are </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5586.03px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5768.45px;white-space:nowrap">integral </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6235.25px;white-space:nowrap">part </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6497.83px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6643.76px;white-space:nowrap">these </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7001.26px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:7519.15px;white-space:nowrap">statements.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8353.45px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:8798.45px;white-space:nowrap">Report</div></div>
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		<div style="height:17px;left:522px;position:absolute;top:744px;width:35px">
			<div style="width:717px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">25</div></div>
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		<div style="background-color:transparent;height:13px;left:527px;position:absolute;top:745px;width:1px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="height:13px;left:514px;position:absolute;top:745px;width:9px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div 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			<div style="width:10080px;height:12258px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">






























































			<div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:53.02px;left:9457.66px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:245.02px;left:8923.98px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:245.02px;left:9688.83px;letter-spacing:-1.77px;white-space:nowrap">Trust</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:554.96px;left:0px;white-space:nowrap">Cash </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:554.96px;left:417.97px;text-rendering:optimizeLegibility;white-space:nowrap">flow </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:554.96px;left:746.95px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:554.96px;left:1111.41px;white-space:nowrap">operating </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:554.96px;left:1823.05px;white-space:nowrap">activities:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:786.44px;left:144px;white-space:nowrap">Dividends, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:786.44px;left:935.48px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:786.44px;left:1504.63px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:786.44px;left:1816.03px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:786.44px;left:2225.17px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:786.44px;left:2785.41px;white-space:nowrap">received</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:786.44px;left:3456.29px;letter-spacing:49.71px;white-space:nowrap">.....................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:786.44px;left:9190.23px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:786.44px;left:9279.22px;white-space:nowrap">14,429,327</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:988.92px;left:144px;white-space:nowrap">Operating </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:988.92px;left:891.11px;white-space:nowrap">expenses </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:988.92px;left:1620.48px;white-space:nowrap">paid</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:988.92px;left:1961.68px;letter-spacing:49.54px;white-space:nowrap">.....................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:988.92px;left:9261.64px;white-space:nowrap">(2,765,331)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1191.41px;left:144px;white-space:nowrap">Interest </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1191.41px;left:722.05px;white-space:nowrap">expense </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1191.41px;left:1371.42px;white-space:nowrap">paid</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1191.41px;left:1681.44px;letter-spacing:49.51px;white-space:nowrap">........................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1191.41px;left:9261.64px;white-space:nowrap">(2,541,500)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1393.89px;left:144px;white-space:nowrap">Cash </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1393.89px;left:561.97px;white-space:nowrap">collateral </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1393.89px;left:1246.73px;white-space:nowrap">received </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1393.89px;left:1895.95px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1393.89px;left:2127.13px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1393.89px;left:2847.36px;white-space:nowrap">loaned</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1393.89px;left:3362.87px;letter-spacing:49.7px;white-space:nowrap">......................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1393.89px;left:9590.63px;white-space:nowrap">57,816</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.38px;left:144px;white-space:nowrap">Realized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.38px;left:811.03px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.38px;left:1157.98px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.38px;left:1380.41px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.38px;left:1914.08px;white-space:nowrap">currency </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.38px;left:2572.05px;white-space:nowrap">transactions</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.38px;left:3456.29px;letter-spacing:49.71px;white-space:nowrap">.....................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.38px;left:9813.05px;white-space:nowrap">695</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1798.86px;left:144px;white-space:nowrap">Purchases </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1798.86px;left:944.39px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1798.86px;left:1122.28px;white-space:nowrap">long-term </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1798.86px;left:1842.52px;white-space:nowrap">investments</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1798.86px;left:2708.98px;letter-spacing:49.61px;white-space:nowrap">.............................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1798.86px;left:9172.66px;white-space:nowrap">(99,868,953)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2001.35px;left:144px;white-space:nowrap">Sales </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2001.35px;left:588.69px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2001.35px;left:900.09px;white-space:nowrap">maturities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2001.35px;left:1638.06px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2001.35px;left:1815.95px;white-space:nowrap">long-term </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2001.35px;left:2536.19px;white-space:nowrap">investments</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2001.35px;left:3456.29px;letter-spacing:49.71px;white-space:nowrap">.....................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2001.35px;left:9202.11px;letter-spacing:-1.08px;white-space:nowrap">103,011,291</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2203.83px;left:144px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2203.83px;left:437.44px;white-space:nowrap">purchases </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2203.83px;left:1220.09px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2203.83px;left:1397.98px;white-space:nowrap">short-term </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2203.83px;left:2171.42px;white-space:nowrap">investments</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2203.83px;left:3082.63px;letter-spacing:49.66px;white-space:nowrap">.........................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2203.83px;left:9261.64px;white-space:nowrap">(1,497,089)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2435.32px;left:432px;white-space:nowrap">Cash </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2435.32px;left:849.97px;white-space:nowrap">provided </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2435.32px;left:1508.17px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2435.32px;left:1605.91px;white-space:nowrap">operating </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2435.32px;left:2317.55px;white-space:nowrap">activities</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2435.32px;left:2989.22px;letter-spacing:49.65px;white-space:nowrap">..........................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2435.32px;left:9279.22px;white-space:nowrap">10,826,256</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2666.8px;left:0px;white-space:nowrap">Cash </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2666.8px;left:417.97px;text-rendering:optimizeLegibility;white-space:nowrap">flow </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2666.8px;left:746.95px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2666.8px;left:1111.41px;text-rendering:optimizeLegibility;white-space:nowrap">financing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2666.8px;left:1796.33px;white-space:nowrap">activities:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2869.28px;left:144px;white-space:nowrap">Cash </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2869.28px;left:561.97px;white-space:nowrap">distributions </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2869.28px;left:1460.17px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2869.28px;left:1638.06px;white-space:nowrap">shareholders</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2869.28px;left:2615.57px;letter-spacing:49.6px;white-space:nowrap">..............................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2869.28px;left:9172.66px;white-space:nowrap">(10,442,304)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.77px;left:432px;white-space:nowrap">Cash </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.77px;left:849.97px;white-space:nowrap">used </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.77px;left:1241.38px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.77px;left:1339.11px;text-rendering:optimizeLegibility;white-space:nowrap">financing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.77px;left:2024.03px;white-space:nowrap">activities</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.77px;left:2708.98px;letter-spacing:49.61px;white-space:nowrap">.............................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3100.77px;left:9172.66px;white-space:nowrap">(10,442,304)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3332.25px;left:0px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3332.25px;left:293.44px;white-space:nowrap">increase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3332.25px;left:942.66px;white-space:nowrap">(decrease) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3332.25px;left:1751.88px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3332.25px;left:1920.86px;white-space:nowrap">cash</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3332.25px;left:2335.33px;letter-spacing:49.57px;white-space:nowrap">.................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3332.25px;left:9501.64px;white-space:nowrap">383,952</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3534.74px;left:0px;white-space:nowrap">Cash </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3534.74px;left:417.97px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3534.74px;left:595.86px;white-space:nowrap">beginning </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3534.74px;left:1334.3px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3534.74px;left:1512.19px;white-space:nowrap">year</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3534.74px;left:1868.26px;letter-spacing:49.53px;white-space:nowrap">......................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3534.74px;left:9368.2px;white-space:nowrap">1,033,523</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.22px;left:0px;white-space:nowrap">Cash </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.22px;left:417.97px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.22px;left:595.86px;white-space:nowrap">end </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.22px;left:907.27px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.22px;left:1085.16px;white-space:nowrap">year</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.22px;left:1401.2px;letter-spacing:49.49px;white-space:nowrap">...........................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.22px;left:9279.22px;white-space:nowrap">$1,417,475</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4301.62px;left:0px;white-space:nowrap">Reconciliation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4301.62px;left:1137.97px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4301.62px;left:1333.44px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4301.62px;left:1635.7px;white-space:nowrap">Increase </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4301.62px;left:2329.53px;white-space:nowrap">(Decrease) </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4301.62px;left:3192.27px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4301.62px;left:3378.91px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4301.62px;left:3675.23px;white-space:nowrap">Assets </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4301.62px;left:4244.45px;white-space:nowrap">resulting </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4301.62px;left:4964.53px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4301.62px;left:5364.53px;white-space:nowrap">Operating </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4301.62px;left:6158.67px;white-space:nowrap">Activities </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4301.62px;left:6914.53px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4301.62px;left:7110px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4301.62px;left:7412.27px;white-space:nowrap">Cash </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4493.62px;left:0px;white-space:nowrap">Provided </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4493.62px;left:729.06px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4493.62px;left:960.23px;white-space:nowrap">Operating </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4493.62px;left:1754.38px;white-space:nowrap">Activities</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4725.1px;left:0px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4725.1px;left:231.17px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4725.1px;left:498.05px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4725.1px;left:853.75px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4725.1px;left:1334.3px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4725.1px;left:1876.88px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4725.1px;left:2143.75px;white-space:nowrap">2021</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5015.04px;left:0px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5015.04px;left:293.44px;white-space:nowrap">increase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5015.04px;left:942.66px;white-space:nowrap">(decrease) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5015.04px;left:1751.88px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5015.04px;left:1920.86px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5015.04px;left:2187.73px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5015.04px;left:2694.61px;white-space:nowrap">resulting </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5015.04px;left:3343.83px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5015.04px;left:3708.28px;white-space:nowrap">operating </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5015.04px;left:4419.92px;white-space:nowrap">activities</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5015.04px;left:5044.31px;letter-spacing:50.07px;white-space:nowrap">....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5015.04px;left:9190.23px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5015.04px;left:9279.22px;white-space:nowrap">30,857,901</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:144px;white-space:nowrap">Adjustments </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:1068.84px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:1246.73px;white-space:nowrap">reconcile </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:1931.5px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:2198.38px;white-space:nowrap">increase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:2847.59px;white-space:nowrap">(decrease) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:3656.81px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:3825.8px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:4092.67px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:4599.55px;white-space:nowrap">resulting </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:5248.77px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:5613.22px;white-space:nowrap">operating </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:6324.86px;white-space:nowrap">activities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:6982.83px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:7160.72px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:7427.59px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5217.53px;left:7810.02px;white-space:nowrap">provided </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5409.53px;left:288px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5409.53px;left:501.44px;white-space:nowrap">operating </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5409.53px;left:1213.08px;white-space:nowrap">activities:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5612.01px;left:432px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5612.01px;left:725.44px;white-space:nowrap">amortization </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5612.01px;left:1641.38px;white-space:nowrap">income</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5612.01px;left:2241.91px;letter-spacing:49.56px;white-space:nowrap">..................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5612.01px;left:9395.08px;white-space:nowrap">(521,138)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5814.5px;left:432px;white-space:nowrap">Amortization </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5814.5px;left:1365.67px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5814.5px;left:1543.56px;white-space:nowrap">Note </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5814.5px;left:1925.98px;white-space:nowrap">issuance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5814.5px;left:2601.92px;white-space:nowrap">costs</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5814.5px;left:2989.22px;letter-spacing:49.65px;white-space:nowrap">..........................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5814.5px;left:9590.63px;white-space:nowrap">17,168</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6016.98px;left:432px;white-space:nowrap">Reinvested </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6016.98px;left:1276.92px;white-space:nowrap">dividends </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6016.98px;left:1997.39px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6016.98px;left:2361.84px;white-space:nowrap">non-controlled </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6016.98px;left:3420.28px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6016.98px;left:4016.76px;letter-spacing:49.81px;white-space:nowrap">...............................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6016.98px;left:9706.48px;white-space:nowrap">(354)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6219.46px;left:432px;white-space:nowrap">Interest </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6219.46px;left:1010.05px;white-space:nowrap">received </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6219.46px;left:1659.27px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6219.46px;left:1828.25px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6219.46px;left:2095.13px;white-space:nowrap">form </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6219.46px;left:2459.58px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6219.46px;left:2637.47px;white-space:nowrap">securities</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6219.46px;left:3362.87px;letter-spacing:49.7px;white-space:nowrap">......................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6219.46px;left:9395.08px;white-space:nowrap">(143,896)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6421.95px;left:432px;white-space:nowrap">Decrease </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6421.95px;left:1161.22px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6421.95px;left:1330.2px;white-space:nowrap">dividends </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6421.95px;left:2050.67px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6421.95px;left:2362.08px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6421.95px;left:2931.22px;white-space:nowrap">receivable </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6421.95px;left:3704.97px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6421.95px;left:4016.38px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6421.95px;left:4425.52px;white-space:nowrap">assets</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6421.95px;left:4950.9px;letter-spacing:50.04px;white-space:nowrap">.....................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6421.95px;left:9501.64px;white-space:nowrap">351,490</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6624.43px;left:432px;white-space:nowrap">Increase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6624.43px;left:1090.13px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6624.43px;left:1259.11px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6624.43px;left:1828.25px;white-space:nowrap">payable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6624.43px;left:2428.74px;letter-spacing:49.58px;white-space:nowrap">................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6624.43px;left:9679.61px;white-space:nowrap">3,483</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6826.92px;left:432px;white-space:nowrap">Increase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6826.92px;left:1090.13px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6826.92px;left:1259.11px;white-space:nowrap">payable </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6826.92px;left:1864.03px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6826.92px;left:2041.92px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6826.92px;left:2717.78px;white-space:nowrap">accrued </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6826.92px;left:3331.45px;white-space:nowrap">expenses, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6826.92px;left:4105.28px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6826.92px;left:4416.69px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6826.92px;left:4825.83px;white-space:nowrap">liabilities</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6826.92px;left:5511.37px;letter-spacing:50.25px;white-space:nowrap">...............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6826.92px;left:9590.63px;white-space:nowrap">79,902</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7029.4px;left:432px;white-space:nowrap">Increase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7029.4px;left:1090.13px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7029.4px;left:1259.11px;white-space:nowrap">payable </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7029.4px;left:1864.03px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7029.4px;left:2095.2px;white-space:nowrap">investments </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7029.4px;left:2993.33px;white-space:nowrap">purchased</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7029.4px;left:3829.94px;letter-spacing:49.77px;white-space:nowrap">.................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7029.4px;left:9590.63px;white-space:nowrap">90,250</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7231.89px;left:432px;white-space:nowrap">Decrease </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7231.89px;left:1161.22px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7231.89px;left:1330.2px;white-space:nowrap">receivable </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7231.89px;left:2103.95px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7231.89px;left:2335.13px;white-space:nowrap">investments </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7231.89px;left:3233.25px;white-space:nowrap">sold</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7231.89px;left:3549.7px;letter-spacing:49.73px;white-space:nowrap">....................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7231.89px;left:9501.64px;white-space:nowrap">623,375</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7434.37px;left:432px;white-space:nowrap">Increase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7434.37px;left:1090.13px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7434.37px;left:1259.11px;white-space:nowrap">collateral </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7434.37px;left:1943.88px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7434.37px;left:2175.05px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7434.37px;left:2895.28px;white-space:nowrap">loaned</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7434.37px;left:3456.29px;letter-spacing:49.71px;white-space:nowrap">.....................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7434.37px;left:9590.63px;white-space:nowrap">57,816</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7636.86px;left:432px;white-space:nowrap">Increase </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7636.86px;left:1090.13px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7636.86px;left:1259.11px;white-space:nowrap">cost </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7636.86px;left:1597px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7636.86px;left:1774.89px;white-space:nowrap">investments</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7636.86px;left:2708.98px;letter-spacing:49.61px;white-space:nowrap">.............................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7636.86px;left:9261.64px;white-space:nowrap">(3,060,476)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7839.34px;left:432px;white-space:nowrap">Decrease </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7839.34px;left:1161.22px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7839.34px;left:1330.2px;white-space:nowrap">unrealized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7839.34px;left:2112.94px;white-space:nowrap">depreciation </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7839.34px;left:3029.11px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7839.34px;left:3251.53px;white-space:nowrap">investments.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7839.34px;left:4203.59px;letter-spacing:49.85px;white-space:nowrap">.............................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7839.34px;left:9172.66px;white-space:nowrap">(17,529,265)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8070.82px;left:0px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8070.82px;left:293.44px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8070.82px;left:675.86px;white-space:nowrap">provided </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8070.82px;left:1334.06px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8070.82px;left:1547.5px;white-space:nowrap">operating </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8070.82px;left:2259.14px;white-space:nowrap">activities</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8070.82px;left:2895.81px;letter-spacing:49.64px;white-space:nowrap">...........................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8070.82px;left:9190.23px;white-space:nowrap">$10,826,256</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-0.89px;white-space:nowrap">1. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:210.36px;letter-spacing:-3.69px;white-space:nowrap">Organization </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1436.2px;letter-spacing:-3px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1831.33px;text-rendering:optimizeLegibility;letter-spacing:-3.33px;white-space:nowrap">Significant </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:2857.74px;letter-spacing:-3.64px;white-space:nowrap">Accounting </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:3969.21px;letter-spacing:-3.5px;white-space:nowrap">Policies</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:690.21px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:1487.2px;letter-spacing:-0.39px;white-space:nowrap">Trust&#160;(Fund) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:2520.7px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:2700.7px;white-space:nowrap">registered&#160;under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:4061.51px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:0px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:930.41px;white-space:nowrap">Company </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:1740.85px;white-space:nowrap">Act </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:2050.93px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:2251.05px;white-space:nowrap">1940 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:2701.49px;white-space:nowrap">(1940 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:3201.94px;white-space:nowrap">Act) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:3571.96px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:3812.08px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:3962.2px;white-space:nowrap">closed-</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:0px;white-space:nowrap">end </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:350.33px;white-space:nowrap">management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:1450.99px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:2371.38px;white-space:nowrap">company </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:3151.76px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:3502.09px;white-space:nowrap">applies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:4122.51px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094px;left:0px;white-space:nowrap">specialized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094px;left:940.52px;white-space:nowrap">accounting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094px;left:1861.17px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094px;left:2211.5px;white-space:nowrap">reporting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094px;left:2971.93px;white-space:nowrap">guidance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094px;left:3752.58px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094px;left:3942.69px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344px;left:0px;white-space:nowrap">Generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344px;left:810.44px;white-space:nowrap">Accepted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344px;left:1601.02px;white-space:nowrap">Accounting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344px;left:2541.62px;white-space:nowrap">Principles </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344px;left:3371.92px;white-space:nowrap">(U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344px;left:3831.94px;white-space:nowrap">GAAP). </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:360.18px;white-space:nowrap">following </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:1110.59px;white-space:nowrap">summarizes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:2130.73px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:2430.97px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:3015.62px;text-rendering:optimizeLegibility;white-space:nowrap">significant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:3866.04px;white-space:nowrap">accounting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:0px;white-space:nowrap">policies.</div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2527.54px;left:0px;white-space:nowrap">a. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2527.54px;left:211.25px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2527.54px;left:1087.58px;white-space:nowrap">Instrument </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2527.54px;left:2122.1px;letter-spacing:-1.05px;white-space:nowrap">Valuation&#160;</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2858px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2858px;left:360.18px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2858px;left:944.82px;white-space:nowrap">investments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2858px;left:1955.21px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2858px;left:2145.32px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2858px;left:2855.74px;white-space:nowrap">instruments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2858px;left:3836.07px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2858px;left:4146.24px;white-space:nowrap">carried </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3108px;left:0px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3108px;left:200.13px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3108px;left:500.19px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3108px;left:980.51px;letter-spacing:-1.91px;white-space:nowrap">daily. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3108px;left:1437.36px;white-space:nowrap">Fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3108px;left:1797.36px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3108px;left:2277.69px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3108px;left:2457.69px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3108px;left:2757.92px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3108px;left:3198.08px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3108px;left:3548.32px;white-space:nowrap">would </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3108px;left:4068.63px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3358px;left:0px;white-space:nowrap">received </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3358px;left:730.37px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3358px;left:930.5px;white-space:nowrap">sell </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3358px;left:1250.6px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3358px;left:1500.82px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3358px;left:1981.05px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3358px;left:2191.11px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3358px;left:2581.44px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3358px;left:2781.56px;white-space:nowrap">transfer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3358px;left:3441.8px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3358px;left:3591.91px;white-space:nowrap">liability </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3358px;left:4182.1px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3358px;left:4372.21px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3608px;left:0px;white-space:nowrap">orderly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3608px;left:600.21px;white-space:nowrap">transaction </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3608px;left:1530.7px;white-space:nowrap">between </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3608px;left:2261.25px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3608px;left:2861.37px;white-space:nowrap">participants </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3608px;left:3831.86px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3608px;left:4082.08px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3858px;left:0px;white-space:nowrap">measurement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3858px;left:1150.49px;white-space:nowrap">date. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3858px;left:1597.59px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3858px;left:1957.76px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3858px;left:2418.05px;white-space:nowrap">calculates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3858px;left:3268.48px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3858px;left:3568.71px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3858px;left:3868.95px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3858px;left:4349.18px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4108px;left:0px;letter-spacing:-2.23px;white-space:nowrap">(NAV) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4108px;left:526.64px;white-space:nowrap">per </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4108px;left:836.81px;white-space:nowrap">share </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4108px;left:1337.08px;white-space:nowrap">each&#160;business </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4108px;left:2537.84px;white-space:nowrap">day&#160;as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4108px;left:3118.18px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4108px;left:3318.31px;white-space:nowrap">4 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4108px;left:3468.43px;white-space:nowrap">p.m. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4108px;left:3868.51px;white-space:nowrap">Eastern </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4358px;left:0px;white-space:nowrap">time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4358px;left:390.06px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4358px;left:600.12px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4358px;left:900.35px;white-space:nowrap">regularly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4358px;left:1640.65px;white-space:nowrap">scheduled </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4358px;left:2511.3px;white-space:nowrap">close </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4358px;left:2981.51px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4358px;left:3181.64px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4358px;left:3481.88px;white-space:nowrap">New </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4358px;left:3888.72px;letter-spacing:-3.3px;white-space:nowrap">York </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4358px;left:4292.31px;white-space:nowrap">Stock </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4608px;left:0px;white-space:nowrap">Exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4608px;left:850.61px;white-space:nowrap">(NYSE), </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4608px;left:1560.67px;white-space:nowrap">whichever </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4608px;left:2421.04px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4608px;left:2601.04px;letter-spacing:-1.1px;white-space:nowrap">earlier. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4608px;left:3191.31px;white-space:nowrap">&#160;Senior </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4608px;left:3811.64px;white-space:nowrap">Fixed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4858px;left:0px;white-space:nowrap">Rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4858px;left:430.22px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4858px;left:950.45px;white-space:nowrap">issued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4858px;left:1520.77px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4858px;left:1760.89px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4858px;left:2061.12px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4858px;left:2521.41px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4858px;left:2831.57px;white-space:nowrap">carried </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4858px;left:3431.78px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4858px;left:3631.9px;white-space:nowrap">cost. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4858px;left:4062.04px;white-space:nowrap">Under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5108px;left:0px;white-space:nowrap">compliance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5108px;left:960.47px;white-space:nowrap">policies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5108px;left:1610.77px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5108px;left:1961.1px;white-space:nowrap">procedures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5108px;left:2911.64px;white-space:nowrap">approved </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5108px;left:3712.24px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5108px;left:3952.35px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5108px;left:4252.59px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5358px;left:0px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5358px;left:530.33px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5358px;left:727.21px;letter-spacing:-0.51px;white-space:nowrap">Trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5358px;left:1470.76px;white-space:nowrap">(the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5358px;left:1830.94px;white-space:nowrap">Board), </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5358px;left:2471.22px;white-space:nowrap">the&#160;Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5358px;left:3356.1px;white-space:nowrap">administrator </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5358px;left:4446.47px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5608px;left:0px;white-space:nowrap">responsibility </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5608px;left:1090.46px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5608px;left:1350.53px;white-space:nowrap">oversight </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5608px;left:2130.91px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5608px;left:2331.04px;white-space:nowrap">valuation, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5608px;left:3151.58px;white-space:nowrap">including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5608px;left:3912.1px;white-space:nowrap">leading </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5858px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5858px;left:300.23px;white-space:nowrap">cross-functional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5858px;left:1610.77px;letter-spacing:-1.34px;white-space:nowrap">Valuation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5858px;left:2398.01px;white-space:nowrap">Committee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5858px;left:3318.22px;white-space:nowrap">(VC). </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5858px;left:3784.92px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5858px;left:4145.1px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6108px;left:0px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6108px;left:390.06px;white-space:nowrap">utilize </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6108px;left:900.26px;white-space:nowrap">independent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6108px;left:1941.24px;white-space:nowrap">pricing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6108px;left:2521.49px;white-space:nowrap">services, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6108px;left:3281.66px;white-space:nowrap">quotations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6108px;left:4162.32px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6358px;left:0px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6358px;left:810.26px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6358px;left:1160.6px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6358px;left:1871.02px;white-space:nowrap">instrument </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6358px;left:2761.35px;white-space:nowrap">dealers, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6358px;left:3451.73px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6358px;left:3802.06px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6358px;left:4262.34px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6608px;left:0px;white-space:nowrap">sources </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6608px;left:680.27px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6608px;left:880.4px;white-space:nowrap">determine </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6608px;left:1730.83px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6608px;left:2030.89px;white-space:nowrap">value.&#160;</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7038px;left:0px;white-space:nowrap">Equity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7038px;left:550.28px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7038px;left:1360.55px;white-space:nowrap">listed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7038px;left:1830.76px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7038px;left:2080.99px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7038px;left:2331.21px;white-space:nowrap">exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7038px;left:3161.87px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7038px;left:3371.92px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7038px;left:3622.15px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7038px;left:3922.38px;white-space:nowrap">NASDAQ </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7288px;left:0px;white-space:nowrap">National </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7288px;left:710.42px;white-space:nowrap">Market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7288px;left:1310.54px;white-space:nowrap">System </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7288px;left:1960.66px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7288px;left:2270.83px;white-space:nowrap">valued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7288px;left:2851.26px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7288px;left:3051.39px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7288px;left:3351.62px;white-space:nowrap">last </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7288px;left:3681.74px;white-space:nowrap">quoted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7288px;left:4282.29px;white-space:nowrap">sale </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7538px;left:0px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7538px;left:440.16px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7538px;left:650.21px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7538px;left:950.45px;text-rendering:optimizeLegibility;white-space:nowrap">official </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7538px;left:1510.66px;white-space:nowrap">closing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7538px;left:2120.98px;white-space:nowrap">price&#160;of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7538px;left:2761.26px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7538px;left:3061.49px;letter-spacing:-2.67px;white-space:nowrap">day, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7538px;left:3438.37px;letter-spacing:-0.95px;white-space:nowrap">respectively. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7788px;left:0px;white-space:nowrap">Foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7788px;left:660.32px;white-space:nowrap">equity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7788px;left:1190.65px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7788px;left:2000.92px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7788px;left:2311.08px;white-space:nowrap">valued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7788px;left:2891.51px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7788px;left:3131.63px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7788px;left:3331.76px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7788px;left:3631.99px;white-space:nowrap">close </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7788px;left:4102.21px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7788px;left:4302.33px;white-space:nowrap">trading </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8038px;left:0px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8038px;left:250.22px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8038px;left:550.46px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8038px;left:1150.84px;white-space:nowrap">stock </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8038px;left:1620.97px;white-space:nowrap">exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8038px;left:2451.62px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8038px;left:2701.85px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8038px;left:3212.05px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8038px;left:3512.29px;white-space:nowrap">security </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8038px;left:4182.45px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8288px;left:0px;white-space:nowrap">primarily </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8288px;left:730.02px;white-space:nowrap">traded, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8288px;left:1340.42px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8288px;left:1550.48px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8288px;left:1790.6px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8288px;left:1990.72px;white-space:nowrap">4 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8288px;left:2140.84px;white-space:nowrap">p.m. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8288px;left:2540.92px;white-space:nowrap">Eastern </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8288px;left:3211.26px;white-space:nowrap">time. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8288px;left:3648.08px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8288px;left:4008.25px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8288px;left:4488.57px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8538px;left:0px;white-space:nowrap">then </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8538px;left:400.34px;white-space:nowrap">converted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8538px;left:1240.84px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8538px;left:1581.06px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8538px;left:1811.07px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8538px;left:2211.15px;white-space:nowrap">dollar </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8538px;left:2701.41px;white-space:nowrap">equivalent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8538px;left:3572.05px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8538px;left:3772.18px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8538px;left:4072.41px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8788px;left:0px;white-space:nowrap">exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8788px;left:830.65px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8788px;left:1190.83px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8788px;left:1380.94px;letter-spacing:-0.46px;white-space:nowrap">effect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8788px;left:1867.94px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8788px;left:2068.07px;white-space:nowrap">4 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8788px;left:2218.18px;white-space:nowrap">p.m. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8788px;left:2618.26px;white-space:nowrap">Eastern </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8788px;left:3288.6px;white-space:nowrap">time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8788px;left:3678.66px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8788px;left:3928.89px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8788px;left:4229.12px;white-space:nowrap">day </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9038px;left:0px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9038px;left:350.24px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9038px;left:650.48px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9038px;left:1130.8px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9038px;left:1330.93px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9038px;left:1631.16px;white-space:nowrap">security </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9038px;left:2301.33px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9038px;left:2481.33px;white-space:nowrap">determined. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9038px;left:3481.88px;white-space:nowrap">Over-the-counter </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9288px;left:0px;white-space:nowrap">(OTC) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9288px;left:549.84px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9288px;left:1360.11px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9288px;left:1670.27px;white-space:nowrap">valued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9288px;left:2250.7px;white-space:nowrap">within </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9288px;left:2760.91px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9288px;left:3061.14px;white-space:nowrap">range </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9288px;left:3571.52px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9288px;left:3771.65px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9288px;left:4071.88px;white-space:nowrap">most </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9538px;left:0px;white-space:nowrap">recent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9538px;left:550.28px;white-space:nowrap">quoted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9538px;left:1150.84px;white-space:nowrap">bid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9538px;left:1441.05px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9538px;left:1791.39px;white-space:nowrap">ask </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9538px;left:2121.5px;white-space:nowrap">prices. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9538px;left:2701.67px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9538px;left:3541.99px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9538px;left:3892.24px;white-space:nowrap">trade </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9788px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9788px;left:190.11px;white-space:nowrap">multiple </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9788px;left:860.36px;white-space:nowrap">markets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9788px;left:1550.48px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9788px;left:1760.54px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9788px;left:2010.76px;white-space:nowrap">multiple </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9788px;left:2681.02px;white-space:nowrap">exchanges </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9788px;left:3601.67px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9788px;left:3911.84px;white-space:nowrap">valued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10038px;left:0px;white-space:nowrap">according </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10038px;left:830.48px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10038px;left:1030.61px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10038px;left:1330.84px;white-space:nowrap">broadest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10038px;left:2081.34px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10038px;left:2431.67px;white-space:nowrap">most </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10038px;left:2871.74px;white-space:nowrap">representative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10038px;left:4062.39px;white-space:nowrap">market. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10288px;left:0px;white-space:nowrap">Certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10288px;left:630.26px;white-space:nowrap">equity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10288px;left:1160.6px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10288px;left:1970.86px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10288px;left:2281.03px;white-space:nowrap">valued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10288px;left:2861.46px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10288px;left:3401.89px;white-space:nowrap">upon </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10288px;left:3852.33px;white-space:nowrap">fundamental </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10538px;left:0px;white-space:nowrap">characteristics </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10538px;left:1200.32px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10538px;left:1410.38px;white-space:nowrap">relationships </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10538px;left:2470.96px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10538px;left:2671.08px;white-space:nowrap">similar </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10538px;left:3241.05px;white-space:nowrap">securities.&#160;</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10968px;left:0px;white-space:nowrap">Debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10968px;left:430.22px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10968px;left:1240.49px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10968px;left:2020.96px;white-space:nowrap">trade </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10968px;left:2481.24px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10968px;left:2671.35px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10968px;left:2971.58px;white-space:nowrap">OTC </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10968px;left:3401.54px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10968px;left:4001.66px;white-space:nowrap">rather </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11218px;left:0px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11218px;left:400.34px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11218px;left:650.57px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11218px;left:800.68px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11218px;left:1610.95px;white-space:nowrap">exchange. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11218px;left:2488.36px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11218px;left:2848.54px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11218px;left:3433.18px;white-space:nowrap">pricing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11218px;left:4013.44px;white-space:nowrap">services </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11468px;left:0px;white-space:nowrap">use </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11468px;left:340.22px;white-space:nowrap">multiple </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11468px;left:1010.48px;white-space:nowrap">valuation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11468px;left:1781.02px;white-space:nowrap">techniques </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11468px;left:2701.67px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11468px;left:2901.8px;white-space:nowrap">determine </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11468px;left:3752.23px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11468px;left:4052.29px;white-space:nowrap">value. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11468px;left:4582.62px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11718px;left:0px;white-space:nowrap">instances </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11718px;left:810.44px;white-space:nowrap">where </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11718px;left:1350.7px;text-rendering:optimizeLegibility;white-space:nowrap">sufficient </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11718px;left:2111.04px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11718px;left:2711.16px;white-space:nowrap">activity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11718px;left:3311.28px;white-space:nowrap">exists, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11718px;left:3871.41px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11718px;left:4171.64px;white-space:nowrap">pricing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5220px;white-space:nowrap">services </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5930.16px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6320.21px;white-space:nowrap">utilize </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6830.42px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6980.54px;white-space:nowrap">market-based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8131.03px;white-space:nowrap">approach </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8931.62px;white-space:nowrap">through </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5220px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5730.21px;white-space:nowrap">quotes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6320.65px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6730.66px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7330.78px;white-space:nowrap">makers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7970.89px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8281.05px;white-space:nowrap">used </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8721.39px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8921.51px;white-space:nowrap">determine </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5220px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5520.06px;white-space:nowrap">value. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6050.39px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6250.52px;white-space:nowrap">instances </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7060.96px;white-space:nowrap">where </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7601.22px;text-rendering:optimizeLegibility;white-space:nowrap">sufficient </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8361.56px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8961.68px;white-space:nowrap">activity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5220px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5610.06px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5910.29px;white-space:nowrap">exist </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6330.41px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6540.47px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6720.47px;white-space:nowrap">limited, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7340.63px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7640.86px;white-space:nowrap">pricing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8221.11px;white-space:nowrap">services </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8931.27px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:9311.48px;white-space:nowrap">utilize </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5220px;white-space:nowrap">proprietary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6130.37px;white-space:nowrap">valuation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6900.91px;white-space:nowrap">models </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7531.17px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8041.38px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8431.44px;white-space:nowrap">consider </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:9161.81px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5220px;white-space:nowrap">characteristics </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6420.32px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6850.55px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:7090.66px;white-space:nowrap">benchmark </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:8031.09px;white-space:nowrap">yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:8451.3px;white-space:nowrap">curves, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:9081.47px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:5220px;white-space:nowrap">spreads, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:5960.39px;white-space:nowrap">estimated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:6790.78px;white-space:nowrap">default </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:7381.23px;white-space:nowrap">rates, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:7881.42px;white-space:nowrap">anticipated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:8802.07px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:9402.19px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:5220px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:5580.18px;letter-spacing:-1.11px;white-space:nowrap">volatility, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:6307.03px;white-space:nowrap">coupon </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:6947.58px;white-space:nowrap">rates, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:7447.76px;white-space:nowrap">anticipated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:8368.42px;white-space:nowrap">timing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:8898.57px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:9098.7px;white-space:nowrap">principal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:5220px;white-space:nowrap">repayments, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:6260.45px;white-space:nowrap">underlying </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:7141.03px;white-space:nowrap">collateral, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:7961.4px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:8311.73px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:8772.01px;white-space:nowrap">unique </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:9362.55px;white-space:nowrap">security </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:5220px;white-space:nowrap">features </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:5920.4px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:6110.51px;white-space:nowrap">order </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:6580.72px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:6780.85px;white-space:nowrap">estimate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:7511.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:7811.37px;white-space:nowrap">relevant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:8501.75px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:8931.97px;text-rendering:optimizeLegibility;white-space:nowrap">flows, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:9442.09px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:5220px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:5530.17px;white-space:nowrap">then </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:5930.51px;white-space:nowrap">discounted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:6851.16px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:7051.29px;white-space:nowrap">calculate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:7811.72px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:8111.95px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:8412.01px;white-space:nowrap">value. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2478.64px;left:8942.34px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:5220px;white-space:nowrap">denominated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:6310.81px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:6500.92px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:6651.04px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:7251.42px;white-space:nowrap">currency </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:7991.63px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:8301.8px;white-space:nowrap">converted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:9142.29px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2728.64px;left:9482.52px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:5220px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:5620.08px;white-space:nowrap">dollar </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:6110.33px;white-space:nowrap">equivalent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:6980.98px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:7181.1px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:7481.34px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:8081.72px;white-space:nowrap">exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:8912.37px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:9272.55px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2978.64px;left:9462.66px;letter-spacing:-0.46px;white-space:nowrap">effect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:5220px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:5420.13px;white-space:nowrap">4 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:5570.24px;white-space:nowrap">p.m. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:5970.32px;white-space:nowrap">Eastern </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:6640.66px;white-space:nowrap">time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:7030.72px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:7280.95px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:7581.18px;white-space:nowrap">date </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:7981.52px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:8331.77px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:8632px;white-space:nowrap">values </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:9202.32px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3228.64px;left:9402.45px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3478.64px;left:5220px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3478.64px;left:5820.38px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3478.64px;left:6220.72px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3478.64px;left:7030.99px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3478.64px;left:7341.15px;white-space:nowrap">determined.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:5220px;white-space:nowrap">Investments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:6240.41px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:6430.52px;white-space:nowrap">open-end </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:7241.22px;white-space:nowrap">mutual </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:7831.49px;white-space:nowrap">funds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:8321.84px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:8632px;white-space:nowrap">valued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:9212.43px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:9412.56px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:5220px;white-space:nowrap">closing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:5830.31px;letter-spacing:-5.98px;white-space:nowrap">NAV. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:6270.56px;white-space:nowrap">Investments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:7290.97px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:7481.07px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:8431.61px;white-space:nowrap">agreements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:9432.16px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:5220px;white-space:nowrap">valued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:5800.43px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:6000.56px;white-space:nowrap">cost, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:6430.69px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:6940.9px;white-space:nowrap">approximates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:8071.44px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:8371.49px;white-space:nowrap">value. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:5220px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:5580.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:6040.46px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:6380.68px;white-space:nowrap">procedures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:7331.22px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:7531.35px;white-space:nowrap">determine </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:8381.78px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:8682.01px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:8982.07px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:9462.39px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5088.64px;left:5220px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5088.64px;left:5930.42px;white-space:nowrap">instruments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5088.64px;left:6910.75px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5088.64px;left:7170.82px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5088.64px;left:7681.03px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5088.64px;left:8281.14px;white-space:nowrap">prices </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5088.64px;left:8811.3px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5088.64px;left:9121.46px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5088.64px;left:9421.7px;white-space:nowrap">reliable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5338.64px;left:5220px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5338.64px;left:5430.06px;white-space:nowrap">readily </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5338.64px;left:6010.31px;white-space:nowrap">available. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5338.64px;left:6820.84px;white-space:nowrap">Under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5338.64px;left:7361.1px;white-space:nowrap">these </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5338.64px;left:7851.45px;white-space:nowrap">procedures, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5338.64px;left:8851.99px;white-space:nowrap">the&#160;Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5588.64px;left:5220px;white-space:nowrap">primarily </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5588.64px;left:5950.02px;white-space:nowrap">employs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5588.64px;left:6670.28px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5588.64px;left:6820.4px;white-space:nowrap">market-based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5588.64px;left:7970.89px;white-space:nowrap">approach </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5588.64px;left:8771.48px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5588.64px;left:9281.69px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5838.64px;left:5220px;white-space:nowrap">use </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5838.64px;left:5560.22px;white-space:nowrap">related </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5838.64px;left:6160.61px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5838.64px;left:6370.66px;white-space:nowrap">comparable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5838.64px;left:7361.19px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5838.64px;left:7931.43px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5838.64px;left:8141.48px;white-space:nowrap">liabilities, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5838.64px;left:8921.78px;white-space:nowrap">recent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6088.64px;left:5220px;white-space:nowrap">transactions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6088.64px;left:6290.51px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6088.64px;left:6890.63px;white-space:nowrap">multiples, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6088.64px;left:7700.89px;white-space:nowrap">book </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6088.64px;left:8141.22px;white-space:nowrap">values, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6088.64px;left:8761.55px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6088.64px;left:9111.88px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6338.64px;left:5220px;white-space:nowrap">relevant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6338.64px;left:5910.38px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6338.64px;left:6850.81px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6338.64px;left:7110.88px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6338.64px;left:7411.11px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6338.64px;left:8331.5px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6338.64px;left:8531.63px;white-space:nowrap">determine </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6338.64px;left:9382.06px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6588.64px;left:5220px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6588.64px;left:5520.06px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6588.64px;left:6000.38px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6588.64px;left:6200.51px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6588.64px;left:6500.74px;white-space:nowrap">investment. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6588.64px;left:7461.21px;white-space:nowrap">An </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6588.64px;left:7731.39px;white-space:nowrap">income-based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6588.64px;left:8912.02px;white-space:nowrap">valuation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6838.64px;left:5220px;white-space:nowrap">approach </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6838.64px;left:6020.6px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6838.64px;left:6410.65px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6838.64px;left:6790.87px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6838.64px;left:7041.09px;white-space:nowrap">used </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6838.64px;left:7481.43px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6838.64px;left:7671.53px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6838.64px;left:8181.74px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6838.64px;left:8481.97px;white-space:nowrap">anticipated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6838.64px;left:9402.63px;white-space:nowrap">future </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7088.64px;left:5220px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7088.64px;left:5650.22px;text-rendering:optimizeLegibility;white-space:nowrap">flows </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7088.64px;left:6110.33px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7088.64px;left:6310.46px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7088.64px;left:6610.69px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7088.64px;left:7531.08px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7088.64px;left:7841.25px;white-space:nowrap">discounted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7088.64px;left:8761.9px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7088.64px;left:8962.03px;white-space:nowrap">calculate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7338.64px;left:5220px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7338.64px;left:5520.06px;white-space:nowrap">value. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7338.64px;left:6050.39px;white-space:nowrap">Discounts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7338.64px;left:6890.71px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7338.64px;left:7280.77px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7338.64px;left:7660.99px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7338.64px;left:7911.21px;white-space:nowrap">applied </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7338.64px;left:8541.74px;white-space:nowrap">due </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7338.64px;left:8892.07px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7338.64px;left:9092.2px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7338.64px;left:9392.43px;white-space:nowrap">nature </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7588.64px;left:5220px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7588.64px;left:5430.06px;white-space:nowrap">duration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7588.64px;left:6130.55px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7588.64px;left:6330.67px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7588.64px;left:6670.9px;white-space:nowrap">restrictions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7588.64px;left:7591.11px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7588.64px;left:7841.34px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7588.64px;left:8141.57px;white-space:nowrap">disposition </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7588.64px;left:9042.1px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7588.64px;left:9242.23px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7838.64px;left:5220px;white-space:nowrap">investments. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7838.64px;left:6280.4px;white-space:nowrap">Due </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7838.64px;left:6660.62px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7838.64px;left:6860.74px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7838.64px;left:7160.98px;white-space:nowrap">inherent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7838.64px;left:7861.46px;white-space:nowrap">uncertainty </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7838.64px;left:8791.96px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7838.64px;left:8992.09px;white-space:nowrap">valuations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7838.64px;left:9852.63px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8088.64px;left:5220px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8088.64px;left:5650.22px;white-space:nowrap">investments, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8088.64px;left:6710.63px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8088.64px;left:7010.86px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8088.64px;left:7310.92px;white-space:nowrap">values </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8088.64px;left:7881.24px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8088.64px;left:8271.3px;letter-spacing:-0.46px;white-space:nowrap">differ </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8088.64px;left:8718.22px;text-rendering:optimizeLegibility;white-space:nowrap">significantly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8088.64px;left:9698.64px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8338.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8338.64px;left:5520.23px;white-space:nowrap">values </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8338.64px;left:6090.56px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8338.64px;left:6440.8px;white-space:nowrap">would </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8338.64px;left:6961.11px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8338.64px;left:7401.45px;white-space:nowrap">been </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8338.64px;left:7851.88px;white-space:nowrap">used </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8338.64px;left:8292.22px;white-space:nowrap">had </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8338.64px;left:8642.55px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8338.64px;left:8892.77px;white-space:nowrap">active </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8338.64px;left:9413px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8588.64px;left:5220px;white-space:nowrap">existed. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9018.64px;left:5220px;letter-spacing:-0.83px;white-space:nowrap">Trading </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9018.64px;left:5873.64px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9018.64px;left:6063.75px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9018.64px;left:6874.01px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9018.64px;left:7124.24px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9018.64px;left:7724.62px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9018.64px;left:8534.88px;white-space:nowrap">stock </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9018.64px;left:9005.01px;white-space:nowrap">exchanges </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:5220px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:5570.33px;white-space:nowrap">OTC </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:6000.29px;white-space:nowrap">markets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:6690.41px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:7080.47px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:7330.69px;white-space:nowrap">completed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:8211.18px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:8771.57px;white-space:nowrap">4 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:8921.69px;white-space:nowrap">p.m. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9268.64px;left:9321.77px;white-space:nowrap">Eastern </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:5220px;white-space:nowrap">time. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:5660.07px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:5860.2px;white-space:nowrap">addition, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:6590.74px;white-space:nowrap">trading </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:7191.12px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:7381.23px;white-space:nowrap">certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:7971.5px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:8571.88px;white-space:nowrap">markets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:9262px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9518.64px;left:9652.06px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:5220px;white-space:nowrap">take </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:5610.23px;white-space:nowrap">place </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:6090.56px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:6340.78px;white-space:nowrap">every </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:6830.95px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:7415.6px;white-space:nowrap">business </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:8176.03px;letter-spacing:-1.11px;white-space:nowrap">day.&#160;Events </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9768.64px;left:9153.19px;white-space:nowrap">can&#160;occur </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:5220px;white-space:nowrap">between </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:5950.55px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:6250.78px;white-space:nowrap">time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:6640.84px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:6840.97px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:7351.17px;white-space:nowrap">trading </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:7951.55px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:8141.66px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:8291.78px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10018.64px;left:8892.16px;white-space:nowrap">security </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:5220px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:5400px;white-space:nowrap">completed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:6280.49px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:6630.82px;white-space:nowrap">4 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:6780.94px;white-space:nowrap">p.m. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:7181.02px;white-space:nowrap">Eastern </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:7851.36px;white-space:nowrap">time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:8241.42px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:8591.66px;white-space:nowrap">might </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:9081.83px;white-space:nowrap">call </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10268.64px;left:9401.92px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:5220px;white-space:nowrap">question </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:5950.55px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:6250.78px;white-space:nowrap">reliability </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:7001.02px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:7201.14px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:7501.38px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:7981.7px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:8181.83px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:8331.94px;white-space:nowrap">portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:9022.32px;white-space:nowrap">security </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10518.64px;left:9692.49px;white-space:nowrap">held </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:5220px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:5460.12px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:5760.35px;white-space:nowrap">Fund. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:6260.71px;white-space:nowrap">As </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:6520.78px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:6670.9px;white-space:nowrap">result, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:7211.07px;letter-spacing:-0.27px;white-space:nowrap">differences </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:8138.32px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:8528.38px;white-space:nowrap">arise </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:8968.54px;white-space:nowrap">between </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10768.64px;left:9699.08px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11018.64px;left:5220px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11018.64px;left:5700.32px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11018.64px;left:5900.45px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11018.64px;left:6200.68px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11018.64px;left:6785.33px;white-space:nowrap">portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11018.64px;left:7475.71px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11018.64px;left:8285.98px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11018.64px;left:8526.09px;white-space:nowrap">determined </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11018.64px;left:9476.63px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11018.64px;left:9676.76px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11268.64px;left:5220px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11268.64px;left:5820.38px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11268.64px;left:6420.5px;white-space:nowrap">close </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11268.64px;left:6890.71px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11268.64px;left:7241.04px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11268.64px;left:7541.28px;white-space:nowrap">latest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11268.64px;left:8021.51px;white-space:nowrap">indications </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11268.64px;left:8922.04px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11268.64px;left:9122.17px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11268.64px;left:9602.49px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11518.64px;left:5220px;white-space:nowrap">4 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11518.64px;left:5370.12px;white-space:nowrap">p.m. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11518.64px;left:5770.2px;white-space:nowrap">Eastern </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11518.64px;left:6440.54px;white-space:nowrap">time.&#160;In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11518.64px;left:7080.73px;white-space:nowrap">order </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11518.64px;left:7550.95px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11518.64px;left:7751.07px;white-space:nowrap">minimize </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11518.64px;left:8511.15px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11518.64px;left:8811.39px;white-space:nowrap">potential </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11518.64px;left:9541.93px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11768.64px;left:5220px;white-space:nowrap">these </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11768.64px;left:5710.34px;letter-spacing:-0.25px;white-space:nowrap">differences, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11768.64px;left:6687.6px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11768.64px;left:6937.82px;white-space:nowrap">independent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11768.64px;left:7978.8px;white-space:nowrap">pricing </div><div style="font-family:Arial, 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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:0px;white-space:nowrap">used </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:440.33px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:640.46px;white-space:nowrap">adjust </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:1170.79px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:1471.03px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:1951.35px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:2151.47px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:2451.71px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:3036.36px;white-space:nowrap">portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:3726.74px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:0px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:200.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:500.36px;white-space:nowrap">latest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:980.6px;white-space:nowrap">indications </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:1881.12px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:2081.25px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:2381.31px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:2861.63px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:3061.76px;white-space:nowrap">4 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:3211.88px;white-space:nowrap">p.m. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:3611.95px;white-space:nowrap">Eastern </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:4282.29px;white-space:nowrap">time. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:0px;white-space:nowrap">At </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:210.15px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:820.55px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:1120.78px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:1621.23px;white-space:nowrap">certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:2211.5px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:3021.77px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:3411.83px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:3852.16px;white-space:nowrap">been </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:4302.6px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:0px;white-space:nowrap">valued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:580.43px;white-space:nowrap">using </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:1060.75px;white-space:nowrap">these </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:1551.09px;white-space:nowrap">procedures, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:2551.64px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:2741.75px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:3251.95px;white-space:nowrap">case </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:3682.18px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:3982.41px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:0px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:440.16px;white-space:nowrap">categorized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:1420.75px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:1660.87px;white-space:nowrap">Level </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:2141.19px;white-space:nowrap">2 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:2291.31px;white-space:nowrap">inputs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:2821.64px;white-space:nowrap">within </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:3331.85px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:3632.08px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:3932.14px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2238px;left:0px;white-space:nowrap">hierarchy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2238px;left:790.31px;white-space:nowrap">(referred </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2238px;left:1530.53px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2238px;left:1730.65px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2238px;left:1970.77px;white-space:nowrap">&#8220;market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2238px;left:2630.83px;white-space:nowrap">level </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2238px;left:3051.04px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2238px;left:3351.09px;white-space:nowrap">value&#8221;). </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2238px;left:4001.31px;white-space:nowrap">See </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2238px;left:4371.59px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2488px;left:0px;white-space:nowrap">Fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2488px;left:360px;letter-spacing:-2.23px;white-space:nowrap">Value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2488px;left:857.02px;white-space:nowrap">Measurements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2488px;left:2097.51px;white-space:nowrap">note </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2488px;left:2497.85px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2488px;left:2757.92px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2488px;left:3218.03px;white-space:nowrap">information.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2918px;left:0px;white-space:nowrap">When </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2918px;left:520.22px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2918px;left:820.46px;white-space:nowrap">last </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2918px;left:1150.58px;white-space:nowrap">day </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2918px;left:1490.8px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2918px;left:1690.93px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2918px;left:1991.16px;white-space:nowrap">reporting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2918px;left:2751.59px;white-space:nowrap">period </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2918px;left:3301.96px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2918px;left:3481.96px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2918px;left:3632.08px;white-space:nowrap">non-business </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3168px;left:0px;letter-spacing:-2.67px;white-space:nowrap">day, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3168px;left:376.88px;white-space:nowrap">certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3168px;left:967.15px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3168px;left:1567.53px;white-space:nowrap">markets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3168px;left:2257.65px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3168px;left:2647.71px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3168px;left:2897.93px;white-space:nowrap">open </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3168px;left:3348.37px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3168px;left:3598.59px;white-space:nowrap">those </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3168px;left:4088.94px;white-space:nowrap">days </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3418px;left:0px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3418px;left:350.24px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3418px;left:650.48px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3418px;left:1235.13px;letter-spacing:-3.34px;white-space:nowrap">NAV </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3418px;left:1641.88px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3418px;left:1821.88px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3418px;left:2122.12px;white-space:nowrap">calculated, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3418px;left:3032.67px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3418px;left:3542.87px;white-space:nowrap">could </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3418px;left:4023.19px;white-space:nowrap">result </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3668px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3668px;left:190.11px;letter-spacing:-0.27px;white-space:nowrap">differences </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3668px;left:1117.35px;white-space:nowrap">between </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3668px;left:1847.9px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3668px;left:2148.13px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3668px;left:2628.46px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3668px;left:2828.58px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3668px;left:3128.82px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3668px;left:3713.47px;white-space:nowrap">portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3918px;left:0px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3918px;left:810.26px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3918px;left:1060.49px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3918px;left:1360.72px;white-space:nowrap">last </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3918px;left:1690.84px;white-space:nowrap">business </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3918px;left:2451.27px;white-space:nowrap">day </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3918px;left:2791.49px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3918px;left:3141.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3918px;left:3442.06px;white-space:nowrap">last </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3918px;left:3772.18px;white-space:nowrap">calendar </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3918px;left:4512.66px;white-space:nowrap">day </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4168px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4168px;left:200.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4168px;left:500.36px;white-space:nowrap">reporting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4168px;left:1260.79px;white-space:nowrap">period. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4168px;left:1851.24px;white-space:nowrap">Any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4168px;left:2211.42px;white-space:nowrap">security </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4168px;left:2881.58px;white-space:nowrap">valuation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4168px;left:3652.12px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4168px;left:4382.67px;white-space:nowrap">due </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4418px;left:0px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4418px;left:200.13px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4418px;left:450.35px;white-space:nowrap">open </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4418px;left:900.79px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4418px;left:1501.17px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4418px;left:2101.29px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4418px;left:2411.46px;white-space:nowrap">adjusted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4418px;left:3142px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4418px;left:3492.33px;text-rendering:optimizeLegibility;white-space:nowrap">reflected </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4418px;left:4232.72px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4418px;left:4472.84px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4668px;left:0px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4668px;left:460.28px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4668px;left:720.35px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4668px;left:1430.77px;white-space:nowrap">reporting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4668px;left:2191.2px;white-space:nowrap">purposes.</div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:5171.54px;left:0px;white-space:nowrap">b. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:5171.54px;left:221.64px;white-space:nowrap">Foreign </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:5171.54px;left:971.06px;white-space:nowrap">Currency </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:5171.54px;left:1858.07px;letter-spacing:-0.87px;white-space:nowrap">Translation&#160;</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5502px;left:0px;white-space:nowrap">Portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5502px;left:710.33px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5502px;left:1520.6px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5502px;left:1870.93px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5502px;left:2331.21px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5502px;left:2901.45px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5502px;left:3251.78px;white-space:nowrap">liabilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5752px;left:0px;white-space:nowrap">denominated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5752px;left:1090.81px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5752px;left:1280.92px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5752px;left:1881.3px;white-space:nowrap">currencies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5752px;left:2761.61px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5752px;left:3071.78px;white-space:nowrap">translated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5752px;left:3912.28px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5752px;left:4252.5px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6002px;left:0px;white-space:nowrap">dollars </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6002px;left:580.25px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6002px;left:1120.69px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6002px;left:1370.92px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6002px;left:1671.15px;white-space:nowrap">exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6002px;left:2501.81px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6002px;left:2861.98px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6002px;left:3062.11px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6002px;left:3492.33px;white-space:nowrap">currencies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6252px;left:0px;white-space:nowrap">against </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6252px;left:630.44px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6252px;left:1030.52px;white-space:nowrap">dollars </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6252px;left:1610.77px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6252px;left:1861px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6252px;left:2161.23px;white-space:nowrap">date </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6252px;left:2561.57px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6252px;left:2761.7px;white-space:nowrap">valuation. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6252px;left:3578.99px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6252px;left:3939.17px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6252px;left:4399.45px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6502px;left:0px;white-space:nowrap">enter </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6502px;left:460.28px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6502px;left:800.51px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6502px;left:1400.89px;white-space:nowrap">currency </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6502px;left:2141.1px;white-space:nowrap">exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6502px;left:2971.76px;white-space:nowrap">contracts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6502px;left:3752.05px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6502px;left:3952.18px;white-space:nowrap">facilitate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6752px;left:0px;white-space:nowrap">transactions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6752px;left:1020.5px;white-space:nowrap">denominated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6752px;left:2111.31px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6752px;left:2301.42px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6752px;left:2451.53px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6752px;left:3051.91px;letter-spacing:-1.34px;white-space:nowrap">currency. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6752px;left:3828.78px;white-space:nowrap">Purchases </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7002px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7002px;left:350.33px;white-space:nowrap">sales </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7002px;left:820.55px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7002px;left:1020.67px;white-space:nowrap">securities, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7002px;left:1880.95px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7002px;left:2511.21px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7002px;left:2861.54px;white-space:nowrap">expense </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7002px;left:3592.09px;white-space:nowrap">items </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7252px;left:0px;white-space:nowrap">denominated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7252px;left:1090.81px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7252px;left:1280.92px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7252px;left:1881.3px;white-space:nowrap">currencies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7252px;left:2761.61px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7252px;left:3071.78px;white-space:nowrap">translated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7252px;left:3912.28px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7252px;left:4252.5px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7502px;left:0px;white-space:nowrap">dollars </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7502px;left:580.25px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7502px;left:780.38px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7502px;left:1080.62px;white-space:nowrap">exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7502px;left:1911.27px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7502px;left:2271.45px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7502px;left:2461.55px;letter-spacing:-0.46px;white-space:nowrap">effect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7502px;left:2948.55px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7502px;left:3198.78px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7502px;left:3499.01px;white-space:nowrap">transaction </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7502px;left:4429.51px;white-space:nowrap">date. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7752px;left:0px;white-space:nowrap">Portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7752px;left:710.33px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7752px;left:1520.6px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7752px;left:1870.93px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7752px;left:2441.16px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7752px;left:2791.49px;white-space:nowrap">liabilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7752px;left:3521.78px;white-space:nowrap">denominated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8002px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8002px;left:190.11px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8002px;left:790.49px;white-space:nowrap">currencies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8002px;left:1670.8px;white-space:nowrap">contain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8002px;left:2301.24px;white-space:nowrap">risks </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8002px;left:2721.18px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8002px;left:3071.43px;white-space:nowrap">those </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8002px;left:3561.77px;white-space:nowrap">currencies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8002px;left:4442.08px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8252px;left:0px;white-space:nowrap">decline </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8252px;left:620.42px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8252px;left:810.53px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8252px;left:1290.85px;white-space:nowrap">relative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8252px;left:1921.11px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8252px;left:2121.24px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8252px;left:2421.47px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8252px;left:2821.55px;letter-spacing:-1.24px;white-space:nowrap">dollar. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8252px;left:3351.88px;letter-spacing:-0.95px;white-space:nowrap">Occasionally, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8502px;left:0px;white-space:nowrap">events </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8502px;left:580.34px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8502px;left:970.4px;white-space:nowrap">impact </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8502px;left:1550.57px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8502px;left:1850.8px;white-space:nowrap">availability </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8502px;left:2731.2px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8502px;left:2941.26px;white-space:nowrap">reliability </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8502px;left:3691.49px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8502px;left:3891.62px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8752px;left:0px;white-space:nowrap">exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8752px;left:830.65px;white-space:nowrap">rates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8752px;left:1280.83px;white-space:nowrap">used </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8752px;left:1721.16px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8752px;left:1921.29px;white-space:nowrap">convert </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8752px;left:2561.57px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8752px;left:2861.81px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8752px;left:3261.88px;white-space:nowrap">dollar </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8752px;left:3752.14px;white-space:nowrap">equivalent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9002px;left:0px;white-space:nowrap">value. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9002px;left:530.33px;white-space:nowrap">If </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9002px;left:680.36px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9002px;left:1110.59px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9002px;left:1360.81px;white-space:nowrap">event </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9002px;left:1851.15px;white-space:nowrap">occurs, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9002px;left:2481.33px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9002px;left:2781.56px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9002px;left:3381.94px;white-space:nowrap">exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9002px;left:4212.6px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9252px;left:0px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9252px;left:299.97px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9252px;left:550.2px;white-space:nowrap">valued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9252px;left:1130.63px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9252px;left:1330.75px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9252px;left:1630.81px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9252px;left:2111.13px;white-space:nowrap">using </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9252px;left:2591.46px;white-space:nowrap">procedures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9252px;left:3541.99px;white-space:nowrap">established </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9252px;left:4502.64px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9502px;left:0px;white-space:nowrap">approved </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9502px;left:800.6px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9502px;left:1040.71px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9502px;left:1340.95px;white-space:nowrap">Board.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9932px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9932px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9932px;left:820.46px;white-space:nowrap">does </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9932px;left:1260.79px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9932px;left:1561.03px;white-space:nowrap">separately </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9932px;left:2441.51px;white-space:nowrap">report </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9932px;left:2961.74px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9932px;left:3261.97px;letter-spacing:-0.46px;white-space:nowrap">effect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9932px;left:3748.97px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9932px;left:3949.1px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10182px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10182px;left:190.11px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10182px;left:790.49px;white-space:nowrap">exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10182px;left:1621.14px;white-space:nowrap">rates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10182px;left:2071.32px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10182px;left:2481.33px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10182px;left:3211.88px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10182px;left:3401.98px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10182px;left:4002.1px;white-space:nowrap">prices </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10432px;left:0px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10432px;left:250.22px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10432px;left:1060.49px;white-space:nowrap">held. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10432px;left:1500.82px;white-space:nowrap">Such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10432px;left:1961.1px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10432px;left:2691.65px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10432px;left:3001.82px;white-space:nowrap">included </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10432px;left:3722.34px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10432px;left:3912.45px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10682px;left:0px;white-space:nowrap">realized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10682px;left:680.36px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10682px;left:1030.69px;white-space:nowrap">unrealized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10682px;left:1911.27px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10682px;left:2301.59px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10682px;left:2511.65px;white-space:nowrap">loss </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10682px;left:2881.76px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10682px;left:3291.77px;white-space:nowrap">investments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10682px;left:4302.16px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10682px;left:4492.27px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10932px;left:0px;white-space:nowrap">Statement&#160;of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10932px;left:1070.6px;white-space:nowrap">Operations.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11362px;left:0px;white-space:nowrap">Realized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11362px;left:750.41px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11362px;left:1350.79px;white-space:nowrap">exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11362px;left:2181.45px;white-space:nowrap">gains </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11362px;left:2661.77px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11362px;left:2871.83px;white-space:nowrap">losses </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11362px;left:3432.04px;white-space:nowrap">arise </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11362px;left:3872.2px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11362px;left:4282.21px;white-space:nowrap">sales </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11612px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11612px;left:200.13px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11612px;left:800.51px;white-space:nowrap">currencies, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11612px;left:1730.83px;white-space:nowrap">currency </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11612px;left:2471.04px;white-space:nowrap">gains </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11612px;left:2951.37px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11612px;left:3161.43px;white-space:nowrap">losses </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11612px;left:3721.64px;white-space:nowrap">realized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11862px;left:0px;white-space:nowrap">between </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11862px;left:730.55px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11862px;left:1030.78px;white-space:nowrap">trade </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11862px;left:1491.06px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11862px;left:1841.4px;white-space:nowrap">settlement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11862px;left:2721.8px;white-space:nowrap">dates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11862px;left:3212.14px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11862px;left:3462.36px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5220px;white-space:nowrap">transactions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6240.5px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6590.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6891.06px;letter-spacing:-0.3px;white-space:nowrap">difference </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7728.31px;white-space:nowrap">between </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8458.86px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8759.09px;white-space:nowrap">recorded </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5220px;white-space:nowrap">amounts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5960.39px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6160.52px;white-space:nowrap">dividends, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7021.05px;white-space:nowrap">interest, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7711.35px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8061.68px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8662.06px;white-space:nowrap">withholding </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5220px;white-space:nowrap">taxes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5700.23px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6050.57px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6350.8px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6750.88px;white-space:nowrap">dollar </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7241.13px;white-space:nowrap">equivalent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8111.78px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8311.9px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8612.14px;white-space:nowrap">amounts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:9352.53px;white-space:nowrap">actually </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5220px;white-space:nowrap">received </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5950.37px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6160.43px;white-space:nowrap">paid. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6600.76px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6930.88px;white-space:nowrap">unrealized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7811.46px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8411.84px;white-space:nowrap">exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:9242.49px;white-space:nowrap">gains </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5220px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5570.33px;white-space:nowrap">losses </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6130.55px;white-space:nowrap">arise </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6570.7px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6980.71px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7711.26px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7901.37px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8501.75px;white-space:nowrap">exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:9332.4px;white-space:nowrap">rates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5220px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5470.22px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6070.61px;white-space:nowrap">denominated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:7161.42px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:7731.65px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:8081.98px;white-space:nowrap">liabilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:8812.27px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:9272.55px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:5220px;white-space:nowrap">investments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:6230.39px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:6420.5px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:7230.76px;white-space:nowrap">held </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:7621.08px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:7821.21px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:8121.45px;white-space:nowrap">end </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:8471.78px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:8671.9px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:8972.14px;white-space:nowrap">reporting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:5220px;white-space:nowrap">period.</div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2232.18px;left:5220px;white-space:nowrap">c. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2232.18px;left:5431.25px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2232.18px;left:6392.29px;white-space:nowrap">Purchased </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2232.18px;left:7416.6px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2232.18px;left:7701.5px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2232.18px;left:7859.96px;white-space:nowrap">Delayed </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2232.18px;left:8641.48px;white-space:nowrap">Delivery </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2232.18px;left:9433.68px;white-space:nowrap">Basis</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:5220px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:5580.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:6040.46px;white-space:nowrap">purchases </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:6920.95px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:7731.21px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:7981.44px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:8131.55px;white-space:nowrap">delayed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:8812.09px;white-space:nowrap">delivery </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:9482.34px;white-space:nowrap">basis, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:5220px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:5590.11px;white-space:nowrap">payment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:6330.5px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:6680.83px;white-space:nowrap">delivery </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:7351.08px;white-space:nowrap">scheduled </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:8221.73px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:8481.8px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:8631.91px;white-space:nowrap">future </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:9142.21px;white-space:nowrap">date. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:5220px;white-space:nowrap">These </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:5770.28px;white-space:nowrap">transactions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:6790.78px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:7100.95px;white-space:nowrap">subject </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:7721.28px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:7921.41px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:8521.52px;text-rendering:optimizeLegibility;white-space:nowrap">fluctuations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:9482.08px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:5220px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:5530.17px;white-space:nowrap">subject </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:6150.5px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:6350.62px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:6650.86px;white-space:nowrap">risk </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:6980.8px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:7331.04px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:7631.28px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:8111.6px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:8311.73px;white-space:nowrap">delivery </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:8981.98px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:9372.04px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3562.64px;left:5220px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3562.64px;left:5680.11px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3562.64px;left:5890.17px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3562.64px;left:6260.27px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3562.64px;left:6660.62px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3562.64px;left:6960.85px;white-space:nowrap">trade </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3562.64px;left:7421.13px;white-space:nowrap">date </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3562.64px;left:7821.47px;white-space:nowrap">purchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3562.64px;left:8611.96px;white-space:nowrap">price. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3562.64px;left:9092.2px;white-space:nowrap">Although </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3812.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3812.64px;left:5520.23px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3812.64px;left:5980.52px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3812.64px;left:6280.49px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3812.64px;left:7060.96px;white-space:nowrap">purchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3812.64px;left:7851.45px;white-space:nowrap">these </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3812.64px;left:8341.79px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3812.64px;left:9152.05px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3812.64px;left:9522.16px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4062.64px;left:5220px;white-space:nowrap">intention </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4062.64px;left:5950.55px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4062.64px;left:6150.67px;white-space:nowrap">holding </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4062.64px;left:6781.2px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4062.64px;left:7081.44px;white-space:nowrap">securities, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4062.64px;left:7941.71px;white-space:nowrap">it </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4062.64px;left:8081.72px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4062.64px;left:8471.78px;white-space:nowrap">sell </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4062.64px;left:8791.87px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4062.64px;left:9092.11px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4312.64px;left:5220px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4312.64px;left:5780.39px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4312.64px;left:6080.62px;white-space:nowrap">settlement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4312.64px;left:6961.03px;white-space:nowrap">date. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:4816.18px;left:5220px;white-space:nowrap">d. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:4816.18px;left:5441.64px;white-space:nowrap">Joint </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:4816.18px;left:5948.27px;white-space:nowrap">Repurchase </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:4816.18px;left:7081.68px;white-space:nowrap">Agreement</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:5220px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:5580.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:6040.46px;white-space:nowrap">enters </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:6590.74px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:6930.97px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:7081.08px;white-space:nowrap">joint </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:7461.3px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:8411.84px;white-space:nowrap">agreement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:9322.38px;white-space:nowrap">whereby </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:5220px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:5450.01px;white-space:nowrap">uninvested </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:6370.66px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:6800.89px;white-space:nowrap">balance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:7481.43px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:7661.43px;white-space:nowrap">deposited </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:8492.08px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:8832.3px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:8982.42px;white-space:nowrap">joint </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:9362.64px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:5220px;white-space:nowrap">account </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:5900.45px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:6270.56px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:6730.84px;white-space:nowrap">funds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:7221.18px;white-space:nowrap">managed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:8021.78px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:8261.89px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:8562.13px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:5220px;white-space:nowrap">manager </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:5980.43px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:6190.49px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:6440.71px;text-rendering:optimizeLegibility;white-space:nowrap">affiliate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:7061.04px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:7261.17px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:7561.41px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:8481.8px;white-space:nowrap">manager </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:9242.23px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:9592.56px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:5220px;white-space:nowrap">used </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:5660.33px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:5860.46px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:6380.68px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:6570.79px;white-space:nowrap">one </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:6921.12px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:7131.18px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:7591.29px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:8541.83px;white-space:nowrap">agreements. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:9589.13px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:5220px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:5700.32px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:6050.65px;white-space:nowrap">face </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:6440.89px;white-space:nowrap">amount </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:7091.28px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:7291.41px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:7591.64px;white-space:nowrap">joint </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:7971.86px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:8922.39px;white-space:nowrap">agreement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6646.64px;left:5220px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6646.64px;left:5530.17px;white-space:nowrap">allocated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6646.64px;left:6300.7px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6646.64px;left:6500.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6646.64px;left:6801.06px;white-space:nowrap">funds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6646.64px;left:7291.41px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6646.64px;left:7831.85px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6646.64px;left:8082.07px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6646.64px;left:8482.24px;white-space:nowrap">pro-rata </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6646.64px;left:9162.51px;white-space:nowrap">interest. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6896.64px;left:5220px;letter-spacing:-4.97px;white-space:nowrap">A </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6896.64px;left:5380.14px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6896.64px;left:6330.67px;white-space:nowrap">agreement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6896.64px;left:7241.22px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6896.64px;left:7421.22px;white-space:nowrap">accounted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6896.64px;left:8301.88px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6896.64px;left:8561.95px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6896.64px;left:8802.07px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6896.64px;left:8952.19px;white-space:nowrap">loan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6896.64px;left:9342.51px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6896.64px;left:9582.63px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7146.64px;left:5220px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7146.64px;left:5680.28px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7146.64px;left:5880.41px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7146.64px;left:6180.64px;letter-spacing:-1.24px;white-space:nowrap">seller, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7146.64px;left:6700.87px;white-space:nowrap">collateralized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7146.64px;left:7801.44px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7146.64px;left:8041.55px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7146.64px;left:8851.82px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7146.64px;left:9362.02px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7396.64px;left:5220px;white-space:nowrap">delivered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7396.64px;left:6000.47px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7396.64px;left:6200.6px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7396.64px;left:6500.83px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7396.64px;left:7085.48px;white-space:nowrap">custodian. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7396.64px;left:7952.78px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7396.64px;left:8312.96px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7396.64px;left:8613.02px;white-space:nowrap">value, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7396.64px;left:9143.35px;white-space:nowrap">including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7646.64px;left:5220px;white-space:nowrap">accrued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7646.64px;left:5910.38px;white-space:nowrap">interest, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7646.64px;left:6600.67px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7646.64px;left:6800.8px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7646.64px;left:7101.04px;white-space:nowrap">initial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7646.64px;left:7561.23px;white-space:nowrap">collateralization </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7646.64px;left:8851.9px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7646.64px;left:9031.9px;white-space:nowrap">required </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7646.64px;left:9742.32px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7896.64px;left:5220px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7896.64px;left:5470.22px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7896.64px;left:5670.35px;white-space:nowrap">least </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7896.64px;left:6100.58px;white-space:nowrap">102% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7896.64px;left:6610.96px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7896.64px;left:6811.08px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7896.64px;left:7111.32px;white-space:nowrap">dollar </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7896.64px;left:7601.57px;white-space:nowrap">amount </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7896.64px;left:8251.96px;white-space:nowrap">invested </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7896.64px;left:8972.4px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7896.64px;left:9212.52px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7896.64px;left:9512.75px;white-space:nowrap">funds, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8146.64px;left:5220px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8146.64px;left:5590.11px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8146.64px;left:5890.34px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8146.64px;left:6370.66px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8146.64px;left:6570.79px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8146.64px;left:6871.03px;white-space:nowrap">underlying </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8146.64px;left:7751.6px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8146.64px;left:8561.87px;white-space:nowrap">marked </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8146.64px;left:9212.08px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8146.64px;left:9412.21px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8396.64px;left:5220px;white-space:nowrap">daily </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8396.64px;left:5640.21px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8396.64px;left:5840.33px;white-space:nowrap">maintain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8396.64px;left:6570.7px;white-space:nowrap">coverage </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8396.64px;left:7361.19px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8396.64px;left:7561.32px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8396.64px;left:7761.45px;white-space:nowrap">least </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8396.64px;left:8191.67px;white-space:nowrap">100%. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8396.64px;left:8752.06px;white-space:nowrap">Repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8646.64px;left:5220px;white-space:nowrap">agreements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8646.64px;left:6220.55px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8646.64px;left:6530.71px;white-space:nowrap">subject </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8646.64px;left:7151.04px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8646.64px;left:7351.17px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8646.64px;left:7651.41px;white-space:nowrap">terms </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8646.64px;left:8151.42px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8646.64px;left:8351.54px;white-space:nowrap">Master </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8646.64px;left:8951.66px;white-space:nowrap">Repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8896.64px;left:5220px;white-space:nowrap">Agreements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8896.64px;left:6240.5px;white-space:nowrap">(MRAs) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8896.64px;left:6900.38px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8896.64px;left:7270.49px;white-space:nowrap">approved </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8896.64px;left:8071.08px;white-space:nowrap">counterparties </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8896.64px;left:9261.74px;white-space:nowrap">(sellers). </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9146.64px;left:5220px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9146.64px;left:5580.18px;white-space:nowrap">MRAs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9146.64px;left:6120.18px;white-space:nowrap">contain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9146.64px;left:6750.62px;white-space:nowrap">various </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9146.64px;left:7380.88px;white-space:nowrap">provisions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9146.64px;left:8291.25px;white-space:nowrap">including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9146.64px;left:9051.77px;white-space:nowrap">but </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9146.64px;left:9352px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9396.64px;left:5220px;white-space:nowrap">limited </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9396.64px;left:5790.15px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9396.64px;left:5990.27px;white-space:nowrap">events </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9396.64px;left:6570.62px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9396.64px;left:6770.74px;white-space:nowrap">default </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9396.64px;left:7361.19px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9396.64px;left:7711.52px;white-space:nowrap">maintenance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9396.64px;left:8792.23px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9396.64px;left:8992.35px;white-space:nowrap">collateral </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9646.64px;left:5220px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9646.64px;left:5480.07px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9646.64px;left:6430.61px;white-space:nowrap">agreements. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9646.64px;left:7481.16px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9646.64px;left:7681.29px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9646.64px;left:7981.52px;white-space:nowrap">event </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9646.64px;left:8471.87px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9646.64px;left:8671.99px;white-space:nowrap">default </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9646.64px;left:9262.44px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9646.64px;left:9502.56px;white-space:nowrap">either </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9896.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9896.64px;left:5520.23px;white-space:nowrap">seller </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9896.64px;left:6000.38px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9896.64px;left:6210.44px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9896.64px;left:6510.67px;white-space:nowrap">Fund, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9896.64px;left:7020.97px;white-space:nowrap">certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9896.64px;left:7611.24px;white-space:nowrap">MRAs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9896.64px;left:8151.24px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9896.64px;left:8541.3px;white-space:nowrap">permit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9896.64px;left:9091.41px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9896.64px;left:9391.64px;white-space:nowrap">non-</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10146.64px;left:5220px;white-space:nowrap">defaulting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10146.64px;left:6050.65px;white-space:nowrap">party </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10146.64px;left:6500.83px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10146.64px;left:6700.96px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10146.64px;left:7001.19px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10146.64px;left:7351.52px;white-space:nowrap">close-out </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10146.64px;left:8131.9px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10146.64px;left:8362px;white-space:nowrap">transactions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10146.64px;left:9432.51px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10146.64px;left:9572.52px;letter-spacing:-2.67px;white-space:nowrap">any, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10396.64px;left:5220px;white-space:nowrap">traded </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10396.64px;left:5780.39px;white-space:nowrap">under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10396.64px;left:6290.77px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10396.64px;left:6721px;white-space:nowrap">agreements. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10396.64px;left:7768.3px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10396.64px;left:8128.48px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10396.64px;left:8588.76px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10396.64px;left:8978.82px;white-space:nowrap">sell </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10396.64px;left:9298.92px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10646.64px;left:5220px;white-space:nowrap">it </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10646.64px;left:5360.01px;white-space:nowrap">holds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10646.64px;left:5840.33px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10646.64px;left:6080.45px;white-space:nowrap">collateral </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10646.64px;left:6850.81px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10646.64px;left:7201.14px;white-space:nowrap">apply </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10646.64px;left:7681.46px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10646.64px;left:7981.7px;white-space:nowrap">proceeds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10646.64px;left:8772.19px;white-space:nowrap">towards </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10646.64px;left:9452.46px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10896.64px;left:5220px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10896.64px;left:6170.54px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10896.64px;left:6610.69px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10896.64px;left:6961.03px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10896.64px;left:7301.25px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10896.64px;left:7761.53px;white-space:nowrap">amounts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10896.64px;left:8501.92px;white-space:nowrap">owed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10896.64px;left:8982.25px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10896.64px;left:9222.36px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10896.64px;left:9522.6px;white-space:nowrap">seller </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11146.64px;left:5220px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11146.64px;left:5420.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11146.64px;left:5720.36px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11146.64px;left:6180.64px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11146.64px;left:6370.75px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11146.64px;left:6670.99px;white-space:nowrap">event </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11146.64px;left:7161.33px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11146.64px;left:7361.46px;white-space:nowrap">default </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11146.64px;left:7951.9px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11146.64px;left:8192.02px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11146.64px;left:8492.26px;letter-spacing:-1.24px;white-space:nowrap">seller. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11146.64px;left:9009.23px;white-space:nowrap">This </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11146.64px;left:9399.29px;white-space:nowrap">could </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11396.64px;left:5220px;white-space:nowrap">involve </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11396.64px;left:5830.31px;white-space:nowrap">costs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11396.64px;left:6300.44px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11396.64px;left:6510.5px;white-space:nowrap">delays </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11396.64px;left:7080.82px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11396.64px;left:7270.93px;white-space:nowrap">addition </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11396.64px;left:7951.46px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11396.64px;left:8151.59px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11396.64px;left:8301.71px;white-space:nowrap">loss </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11396.64px;left:8671.82px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11396.64px;left:8922.04px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11396.64px;left:9222.28px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11646.64px;left:5220px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11646.64px;left:5360.01px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11646.64px;left:5760.18px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11646.64px;left:6240.5px;white-space:nowrap">falls </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11646.64px;left:6610.61px;white-space:nowrap">below </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11646.64px;left:7130.92px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11646.64px;left:7431.15px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11646.64px;left:8381.69px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11646.64px;left:8821.85px;white-space:nowrap">owed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11646.64px;left:9302.17px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11646.64px;left:9542.29px;white-space:nowrap">the </div></div>
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			<div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-0.89px;white-space:nowrap">1. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:210.36px;letter-spacing:-3.69px;white-space:nowrap">Organization </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1436.2px;letter-spacing:-3px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1831.33px;text-rendering:optimizeLegibility;letter-spacing:-3.33px;white-space:nowrap">Significant </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:2857.74px;letter-spacing:-3.64px;white-space:nowrap">Accounting </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:3969.21px;letter-spacing:-3.5px;white-space:nowrap">Policies</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:250.14px;left:0px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:0px;white-space:nowrap">a. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:211.25px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:1087.58px;white-space:nowrap">Instrument </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:2122.1px;letter-spacing:-0.81px;white-space:nowrap">Valuation&#160; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:682.94px;left:3072.29px;white-space:nowrap">(continued)</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.67px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:793.16px;letter-spacing:10.32px;white-space:nowrap">Universal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1686.13px;letter-spacing:9.15px;white-space:nowrap">Trust</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:0px;letter-spacing:10px;white-space:nowrap">Notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:558.17px;letter-spacing:7.24px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:810.66px;letter-spacing:10.32px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:1647.53px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">28</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:0px;letter-spacing:-1.24px;white-space:nowrap">seller. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:516.97px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:877.15px;white-space:nowrap">joint </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:1257.36px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:2207.9px;white-space:nowrap">agreement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:3118.45px;white-space:nowrap">held </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:3508.77px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:3748.89px;white-space:nowrap">the&#160;Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:4509.4px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:0px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:400.17px;white-space:nowrap">end, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:800.51px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:1040.63px;white-space:nowrap">indicated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:1811.16px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:2001.27px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:2301.5px;white-space:nowrap">Statement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:3171.97px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:3372.1px;white-space:nowrap">Investments, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:4442.52px;white-space:nowrap">had </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:0px;white-space:nowrap">been </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:450.44px;white-space:nowrap">entered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:1110.94px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:1451.16px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:1691.46px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:2301.86px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:2602.09px;white-space:nowrap">2021. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:1991.54px;left:0px;white-space:nowrap">e. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:1991.54px;left:211.25px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:1991.54px;left:1172.29px;white-space:nowrap">Lending</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2322px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2322px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2322px;left:820.46px;white-space:nowrap">participates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2322px;left:1790.95px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2322px;left:1981.05px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2322px;left:2231.28px;white-space:nowrap">agency </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2322px;left:2861.72px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2322px;left:3402.16px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2322px;left:4212.42px;white-space:nowrap">lending </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2572px;left:0px;white-space:nowrap">program </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2572px;left:720.26px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2572px;left:920.39px;white-space:nowrap">earn </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2572px;left:1330.66px;white-space:nowrap">additional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2572px;left:2151.3px;white-space:nowrap">income. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2572px;left:2828.32px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2572px;left:3188.5px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2572px;left:3648.78px;white-space:nowrap">receives </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2822px;left:0px;white-space:nowrap">collateral </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2822px;left:770.36px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2822px;left:960.47px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2822px;left:1260.7px;white-space:nowrap">form </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2822px;left:1670.71px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2822px;left:1870.84px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2822px;left:2301.06px;white-space:nowrap">and/or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2822px;left:2861.46px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2822px;left:3261.53px;white-space:nowrap">Government </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3072px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3072px;left:340.4px;white-space:nowrap">Agency </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3072px;left:990.79px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3072px;left:1801.05px;white-space:nowrap">against </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3072px;left:2431.49px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3072px;left:2731.73px;white-space:nowrap">loaned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3072px;left:3322.27px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3072px;left:4132.53px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3072px;left:4322.64px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3322px;left:0px;white-space:nowrap">amount </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3322px;left:650.39px;white-space:nowrap">equal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3322px;left:1140.82px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3322px;left:1340.95px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3322px;left:1541.07px;white-space:nowrap">least </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3322px;left:1971.3px;white-space:nowrap">102% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3322px;left:2481.68px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3322px;left:2681.81px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3322px;left:2982.04px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3322px;left:3282.1px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3322px;left:3762.42px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3322px;left:3962.55px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3322px;left:4262.78px;white-space:nowrap">loaned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3572px;left:0px;white-space:nowrap">securities. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3572px;left:860.27px;white-space:nowrap">Collateral </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3572px;left:1670.63px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3572px;left:1850.63px;white-space:nowrap">maintained </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3572px;left:2781.21px;white-space:nowrap">over </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3572px;left:3181.38px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3572px;left:3481.61px;white-space:nowrap">life </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3572px;left:3761.72px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3572px;left:3961.85px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3572px;left:4262.08px;white-space:nowrap">loan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3822px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3822px;left:190.11px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3822px;left:440.33px;white-space:nowrap">amount </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3822px;left:1090.72px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3822px;left:1390.96px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3822px;left:1761.06px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3822px;left:2161.41px;white-space:nowrap">100% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3822px;left:2671.79px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3822px;left:2871.91px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3822px;left:3172.15px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3822px;left:3472.21px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3822px;left:3952.53px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3822px;left:4152.66px;white-space:nowrap">loaned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4072px;left:0px;white-space:nowrap">securities, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4072px;left:860.27px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4072px;left:1100.39px;white-space:nowrap">determined </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4072px;left:2050.93px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4072px;left:2251.05px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4072px;left:2551.29px;white-space:nowrap">close </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4072px;left:3021.5px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4072px;left:3221.63px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4072px;left:3681.91px;white-space:nowrap">business </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4072px;left:4442.34px;white-space:nowrap">each </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4322px;left:0px;white-space:nowrap">day; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4322px;left:390.23px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4322px;left:730.46px;white-space:nowrap">additional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4322px;left:1551.09px;white-space:nowrap">collateral </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4322px;left:2321.46px;white-space:nowrap">required </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4322px;left:3031.88px;white-space:nowrap">due </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4322px;left:3382.21px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4322px;left:3582.33px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4322px;left:4312.88px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4572px;left:0px;white-space:nowrap">security </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4572px;left:670.17px;white-space:nowrap">values </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4572px;left:1240.49px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4572px;left:1420.49px;white-space:nowrap">delivered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4572px;left:2200.96px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4572px;left:2401.08px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4572px;left:2701.32px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4572px;left:3161.6px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4572px;left:3411.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4572px;left:3712.06px;white-space:nowrap">next </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4572px;left:4102.29px;white-space:nowrap">business </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4822px;left:0px;letter-spacing:-2.67px;white-space:nowrap">day. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4822px;left:366.94px;white-space:nowrap">Any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4822px;left:727.12px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4822px;left:1157.34px;white-space:nowrap">collateral </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4822px;left:1927.71px;white-space:nowrap">received </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4822px;left:2658.08px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4822px;left:2838.08px;white-space:nowrap">deposited </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4822px;left:3668.73px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4822px;left:4008.96px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4822px;left:4159.07px;white-space:nowrap">joint </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5072px;left:0px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5072px;left:430.22px;white-space:nowrap">account </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5072px;left:1110.67px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5072px;left:1480.78px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5072px;left:1941.06px;white-space:nowrap">funds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5072px;left:2431.41px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5072px;left:2781.74px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5072px;left:2961.74px;white-space:nowrap">used </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5072px;left:3402.07px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5072px;left:3602.2px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5072px;left:4122.42px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5072px;left:4312.53px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5322px;left:0px;white-space:nowrap">money </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5322px;left:590.27px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5322px;left:1190.39px;white-space:nowrap">fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5322px;left:1590.73px;white-space:nowrap">managed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5322px;left:2391.33px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5322px;left:2631.45px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5322px;left:3311.72px;white-space:nowrap">Advisers, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5322px;left:4101.94px;white-space:nowrap">Inc., </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5322px;left:4492.09px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5572px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">affiliate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5572px;left:620.33px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5572px;left:820.46px;white-space:nowrap">the&#160;Fund, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5572px;left:1630.99px;white-space:nowrap">and/or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5572px;left:2191.38px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5572px;left:2341.49px;white-space:nowrap">joint </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5572px;left:2721.71px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5572px;left:3672.25px;white-space:nowrap">agreement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5822px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5822px;left:190.11px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5822px;left:490.34px;white-space:nowrap">Statement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5822px;left:1360.81px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5822px;left:1551.01px;white-space:nowrap">Assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5822px;left:2141.19px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5822px;left:2491.52px;white-space:nowrap">Liabilities. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5822px;left:3328.68px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5822px;left:3688.86px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5822px;left:4149.14px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6072px;left:0px;white-space:nowrap">receive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6072px;left:630.26px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6072px;left:1260.53px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6072px;left:1670.54px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6072px;left:1970.77px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6072px;left:2891.16px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6072px;left:3091.29px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6072px;left:3521.51px;white-space:nowrap">collateral, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6072px;left:4341.88px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6322px;left:0px;white-space:nowrap">addition </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6322px;left:680.54px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6322px;left:880.66px;white-space:nowrap">lending </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6322px;left:1511.19px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6322px;left:1901.43px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6322px;left:2251.76px;white-space:nowrap">rebates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6322px;left:2902.15px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6322px;left:3292.47px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6322px;left:3532.59px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6322px;left:3832.82px;letter-spacing:-0.99px;white-space:nowrap">borrower. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6572px;left:0px;white-space:nowrap">Income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6572px;left:640.28px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6572px;left:1050.29px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6572px;left:1860.56px;white-space:nowrap">loaned, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6572px;left:2501.1px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6572px;left:2801.34px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6572px;left:3001.46px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6572px;left:3391.7px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6572px;left:3782.02px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6572px;left:3982.15px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6822px;left:0px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6822px;left:810.26px;white-space:nowrap">lending </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6822px;left:1440.79px;white-space:nowrap">agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6822px;left:1941.24px;white-space:nowrap">and/or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6822px;left:2501.63px;white-space:nowrap">third-party </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6822px;left:3361.9px;letter-spacing:-1.24px;white-space:nowrap">vendor, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6822px;left:4002.36px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6822px;left:4182.36px;white-space:nowrap">reported </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7072px;left:0px;white-space:nowrap">separately </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7072px;left:880.49px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7072px;left:1070.6px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7072px;left:1370.83px;white-space:nowrap">Statement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7072px;left:2241.3px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7072px;left:2441.43px;white-space:nowrap">Operations. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7072px;left:3418.68px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7072px;left:3778.86px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7322px;left:0px;white-space:nowrap">bears </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7322px;left:500.27px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7322px;left:800.51px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7322px;left:1400.63px;white-space:nowrap">risk </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7322px;left:1730.57px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7322px;left:2100.67px;white-space:nowrap">respect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7322px;left:2740.96px;white-space:nowrap">to&#160;any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7322px;left:3281.31px;white-space:nowrap">cash&#160;collateral </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7572px;left:0px;white-space:nowrap">investment, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7572px;left:970.4px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7572px;left:1780.66px;white-space:nowrap">loaned, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7572px;left:2421.21px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7572px;left:2771.54px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7572px;left:3071.78px;white-space:nowrap">risk </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7572px;left:3401.72px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7572px;left:3751.96px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7572px;left:4052.2px;white-space:nowrap">agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7822px;left:0px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7822px;left:390.06px;white-space:nowrap">default </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7822px;left:980.51px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7822px;left:1230.73px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7822px;left:1460.74px;white-space:nowrap">obligations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7822px;left:2371.38px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7822px;left:2571.5px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7822px;left:2871.74px;white-space:nowrap">Fund. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7822px;left:3382.03px;white-space:nowrap">If </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7822px;left:3532.06px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7822px;left:3832.29px;white-space:nowrap">borrower </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8072px;left:0px;white-space:nowrap">defaults </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8072px;left:680.45px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8072px;left:930.67px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8072px;left:1160.68px;white-space:nowrap">obligation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8072px;left:1981.32px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8072px;left:2181.45px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8072px;left:2701.67px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8072px;left:3001.9px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8072px;left:3812.17px;white-space:nowrap">loaned, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8072px;left:4452.71px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8322px;left:0px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8322px;left:460.28px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8322px;left:800.51px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8322px;left:1100.74px;white-space:nowrap">right </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8322px;left:1500.91px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8322px;left:1701.04px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8322px;left:2651.57px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8322px;left:2951.81px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8322px;left:3762.07px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8322px;left:3952.18px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8322px;left:4252.41px;white-space:nowrap">open </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8572px;left:0px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8572px;left:600.12px;white-space:nowrap">using </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8572px;left:1080.44px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8572px;left:1380.67px;white-space:nowrap">collateral </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8572px;left:2151.04px;white-space:nowrap">received. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8572px;left:2928.16px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8572px;left:3288.34px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8572px;left:4098.6px;white-space:nowrap">lending </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8822px;left:0px;white-space:nowrap">agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8822px;left:500.45px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8822px;left:840.67px;white-space:nowrap">agreed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8822px;left:1451.16px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8822px;left:1651.29px;white-space:nowrap">indemnify </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8822px;left:2471.66px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8822px;left:2771.89px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8822px;left:3232.18px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8822px;left:3422.29px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8822px;left:3722.52px;white-space:nowrap">event </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8822px;left:4212.86px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9072px;left:0px;white-space:nowrap">default </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9072px;left:590.45px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9072px;left:830.57px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9072px;left:980.68px;white-space:nowrap">third </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9072px;left:1380.85px;white-space:nowrap">party </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9072px;left:1831.03px;letter-spacing:-0.99px;white-space:nowrap">borrower. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:9575.54px;left:0px;white-space:nowrap">f. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:9575.54px;left:168.85px;white-space:nowrap">Marketplace </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:9575.54px;left:1319.98px;white-space:nowrap">Lending</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9906px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9906px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9906px;left:820.46px;white-space:nowrap">invests </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9906px;left:1430.68px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9906px;left:1620.79px;white-space:nowrap">loans </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9906px;left:2101.11px;white-space:nowrap">obtained </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9906px;left:2841.77px;white-space:nowrap">through </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9906px;left:3502.27px;white-space:nowrap">marketplace </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10156px;left:0px;white-space:nowrap">lending. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10156px;left:680.54px;white-space:nowrap">Marketplace </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10156px;left:1710.97px;white-space:nowrap">lending, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10156px;left:2391.5px;white-space:nowrap">sometimes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10156px;left:3311.72px;white-space:nowrap">referred </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10156px;left:3991.99px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10156px;left:4192.12px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10406px;left:0px;white-space:nowrap">peer-to-peer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10406px;left:1040.54px;white-space:nowrap">lending, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10406px;left:1721.07px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10406px;left:1901.07px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10406px;left:2051.19px;white-space:nowrap">method </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10406px;left:2701.58px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10406px;left:2901.71px;text-rendering:optimizeLegibility;white-space:nowrap">financing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10406px;left:3672.25px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10406px;left:3862.35px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10406px;left:4372.56px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10656px;left:0px;white-space:nowrap">platform </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10656px;left:700.22px;white-space:nowrap">facilitates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10656px;left:1500.56px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10656px;left:1800.79px;white-space:nowrap">borrowing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10656px;left:2641.2px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10656px;left:2991.53px;white-space:nowrap">lending </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10656px;left:3622.06px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10656px;left:3822.19px;letter-spacing:-1.91px;white-space:nowrap">money. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10656px;left:4449.11px;white-space:nowrap">It </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10656px;left:4599.14px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10906px;left:0px;white-space:nowrap">considered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10906px;left:930.59px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10906px;left:1180.81px;white-space:nowrap">alternative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10906px;left:2061.3px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10906px;left:2261.43px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10906px;left:2721.53px;white-space:nowrap">traditional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10906px;left:3552.01px;white-space:nowrap">forms </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10906px;left:4052.02px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10906px;left:4252.15px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11156px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">financing. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11156px;left:820.55px;white-space:nowrap">Prospective </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11156px;left:1810.99px;white-space:nowrap">borrowers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11156px;left:2661.24px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11156px;left:2971.41px;white-space:nowrap">required </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11156px;left:3681.83px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11156px;left:3881.95px;white-space:nowrap">provide </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11406px;left:0px;white-space:nowrap">certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11406px;left:590.27px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11406px;left:1300.69px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11406px;left:2241.12px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11406px;left:2441.25px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11406px;left:2741.48px;white-space:nowrap">platform, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11406px;left:3491.72px;white-space:nowrap">including, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11406px;left:4302.25px;white-space:nowrap">but </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11656px;left:0px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11656px;left:300.23px;white-space:nowrap">limited </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11656px;left:870.38px;white-space:nowrap">to, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11656px;left:1120.52px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11656px;left:1420.75px;white-space:nowrap">intended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11656px;left:2161.41px;white-space:nowrap">purpose </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11656px;left:2861.89px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11656px;left:3062.02px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11656px;left:3362.26px;white-space:nowrap">loan, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11656px;left:3802.59px;white-space:nowrap">income, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11906px;left:0px;white-space:nowrap">employment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11906px;left:1030.43px;white-space:nowrap">information, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11906px;left:2020.87px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11906px;left:2511.04px;white-space:nowrap">score, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11906px;left:3051.21px;white-space:nowrap">debt-to-income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11906px;left:4301.81px;white-space:nowrap">ratio, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5220px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5710.17px;white-space:nowrap">history </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6290.33px;white-space:nowrap">(including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7110.79px;white-space:nowrap">defaults </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7791.24px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8141.57px;white-space:nowrap">delinquencies) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9352.35px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5220px;white-space:nowrap">home </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5720.27px;white-space:nowrap">ownership </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6590.74px;white-space:nowrap">status. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7171px;white-space:nowrap">Based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7731.39px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7981.61px;white-space:nowrap">this </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8311.73px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8662.06px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9122.34px;white-space:nowrap">information, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5520.23px;white-space:nowrap">platform </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6220.46px;white-space:nowrap">assigns </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6880.78px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7110.79px;white-space:nowrap">own </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7491.01px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7981.17px;white-space:nowrap">rating </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8481.45px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8681.57px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8981.81px;white-space:nowrap">borrower </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:9742.06px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5220px;white-space:nowrap">sets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5600.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5900.36px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6540.64px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6900.82px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7160.89px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7461.12px;white-space:nowrap">requested </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8311.73px;white-space:nowrap">loan. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8748.81px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:9108.98px;white-space:nowrap">platform </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5220px;white-space:nowrap">then </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5620.34px;white-space:nowrap">posts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6100.58px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6400.81px;white-space:nowrap">borrowing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7241.22px;white-space:nowrap">requests </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7981.61px;white-space:nowrap">online, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8562.04px;white-space:nowrap">giving </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:9082.35px;white-space:nowrap">investors </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5520.23px;white-space:nowrap">opportunity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6460.84px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6660.97px;white-space:nowrap">purchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:7451.46px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:7751.69px;white-space:nowrap">loans </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:8232.01px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:8772.45px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:9022.68px;white-space:nowrap">factors </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:9612.86px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:5220px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:5460.12px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:5760.35px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:6400.63px;white-space:nowrap">rates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:6850.81px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:7201.14px;white-space:nowrap">expected </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:7981.7px;white-space:nowrap">yields </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:8491.9px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:8692.03px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:8992.27px;white-space:nowrap">loans, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:9522.6px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:5220px;white-space:nowrap">borrower </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:5980.25px;white-space:nowrap">background </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:6970.96px;white-space:nowrap">data, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:7421.31px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:7771.64px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:8071.88px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:8562.04px;white-space:nowrap">rating </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:9062.31px;white-space:nowrap">assigned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:9832.85px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:5520.23px;white-space:nowrap">platform. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:5220px;white-space:nowrap">When </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:5740.22px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:6040.46px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:6500.74px;white-space:nowrap">invests </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:7110.97px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:7301.07px;white-space:nowrap">these </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:7791.42px;white-space:nowrap">loans, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:8321.75px;white-space:nowrap">it </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:8461.76px;white-space:nowrap">usually </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:9072.07px;white-space:nowrap">purchases </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:5220px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:5450.1px;white-space:nowrap">rights, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:5990.27px;white-space:nowrap">title </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:6320.39px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:6670.72px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:7311.01px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:7501.11px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:7801.35px;white-space:nowrap">loans </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:8281.67px;white-space:nowrap">pursuant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:9032.17px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:9232.29px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:9382.41px;white-space:nowrap">loan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:5220px;white-space:nowrap">purchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:6010.49px;white-space:nowrap">agreement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:6921.04px;white-space:nowrap">directly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:7541.19px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:7951.2px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:8251.44px;white-space:nowrap">platform. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:8998.42px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:9358.59px;white-space:nowrap">platform </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:5220px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:5430.06px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:5580.18px;white-space:nowrap">third-party </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:6440.45px;white-space:nowrap">servicer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:7120.55px;white-space:nowrap">typically </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:7810.75px;white-space:nowrap">continues </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:8631.3px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:8831.43px;white-space:nowrap">service </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:9451.58px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:5220px;white-space:nowrap">loans, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:5750.33px;white-space:nowrap">collecting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:6550.75px;white-space:nowrap">payments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:7381.14px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:7731.47px;white-space:nowrap">distributing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:8651.95px;white-space:nowrap">them </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:9102.13px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:9302.26px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:9602.49px;white-space:nowrap">Fund, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3658.64px;left:5220px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3658.64px;left:5590.11px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3658.64px;left:5930.33px;white-space:nowrap">servicing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3658.64px;left:6690.59px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3658.64px;left:7080.82px;white-space:nowrap">assessed. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3658.64px;left:7938.02px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3658.64px;left:8298.19px;white-space:nowrap">servicer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3658.64px;left:8978.29px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3658.64px;left:9158.29px;white-space:nowrap">typically </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:5220px;white-space:nowrap">responsible </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:6190.58px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:6450.64px;white-space:nowrap">taking </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:6980.98px;white-space:nowrap">actions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:7601.31px;white-space:nowrap">against </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:8231.75px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:8381.87px;white-space:nowrap">borrower </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:9142.12px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:9332.23px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3908.64px;left:9632.46px;white-space:nowrap">event </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:5220px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:5420.13px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:5570.24px;white-space:nowrap">default </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:6160.69px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:6410.92px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:6711.15px;white-space:nowrap">loan. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:7151.48px;white-space:nowrap">Servicing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:7941.8px;white-space:nowrap">fees, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:8382.04px;white-space:nowrap">along </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:8872.47px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4158.64px;left:9242.58px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:5220px;white-space:nowrap">administration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:6390.53px;white-space:nowrap">fees, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:6830.77px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:7140.94px;white-space:nowrap">included </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:7861.46px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:8051.57px;white-space:nowrap">marketplace </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:9082px;white-space:nowrap">lending </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4408.64px;left:9712.53px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:5220px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:5410.11px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:5710.34px;white-space:nowrap">Statement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:6580.81px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:6780.94px;white-space:nowrap">Operations. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:7758.19px;white-space:nowrap">The&#160;Fund, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:8628.66px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:8868.78px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:9119px;white-space:nowrap">investor </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4658.64px;left:9799.28px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:5220px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:5370.12px;white-space:nowrap">loan, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:5810.45px;white-space:nowrap">would </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:6330.76px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:6580.99px;white-space:nowrap">entitled </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:7211.43px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:7411.55px;white-space:nowrap">receive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:8041.82px;white-space:nowrap">payment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:8782.21px;white-space:nowrap">only </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:9162.42px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4908.64px;left:9572.43px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:5220px;white-space:nowrap">borrower </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:5980.25px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:6330.59px;white-space:nowrap">would </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:6850.9px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:7151.13px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:7401.36px;white-space:nowrap">able </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:7791.68px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:7991.81px;white-space:nowrap">recover </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:8642.02px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5158.64px;left:8982.25px;text-rendering:optimizeLegibility;white-space:nowrap">deficiency </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:5220px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:5630.01px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:5930.24px;white-space:nowrap">platform, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:6680.48px;white-space:nowrap">except </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:7260.82px;white-space:nowrap">under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:7771.2px;white-space:nowrap">very </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:8161.26px;white-space:nowrap">narrow </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5408.64px;left:8761.46px;white-space:nowrap">circumstances. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:5220px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:5580.18px;white-space:nowrap">loans </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:6060.5px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:6250.61px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:6760.81px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:7061.04px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:7521.33px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:7911.39px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:8431.61px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5658.64px;left:8741.78px;white-space:nowrap">unsecured.</div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:6162.18px;left:5220px;white-space:nowrap">g. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:6162.18px;left:5441.64px;white-space:nowrap">Income </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:6162.18px;left:6159.61px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:6162.18px;left:6550.19px;white-space:nowrap">Deferred </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:6162.18px;left:7384.4px;letter-spacing:-2.35px;white-space:nowrap">Taxes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6492.64px;left:5220px;white-space:nowrap">It </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6492.64px;left:5370.03px;white-space:nowrap">is&#160;the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6492.64px;left:5850.26px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6492.64px;left:6434.91px;white-space:nowrap">policy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6492.64px;left:6945.12px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6492.64px;left:7145.24px;white-space:nowrap">qualify </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6492.64px;left:7715.57px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6492.64px;left:7955.68px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6492.64px;left:8105.8px;white-space:nowrap">regulated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6492.64px;left:8906.4px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6742.64px;left:5220px;white-space:nowrap">company </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6742.64px;left:6000.38px;white-space:nowrap">under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6742.64px;left:6510.76px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6742.64px;left:6811px;white-space:nowrap">Internal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6742.64px;left:7461.39px;white-space:nowrap">Revenue </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6742.64px;left:8231.92px;letter-spacing:-0.33px;white-space:nowrap">Code.&#160;The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6742.64px;left:9119.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.64px;left:5220px;white-space:nowrap">intends </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.64px;left:5850.44px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.64px;left:6050.57px;white-space:nowrap">distribute </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.64px;left:6830.95px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.64px;left:7031.07px;white-space:nowrap">shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.64px;left:8121.71px;white-space:nowrap">substantially </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.64px;left:9162.25px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.64px;left:9392.34px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.64px;left:9592.47px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.64px;left:5220px;white-space:nowrap">taxable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.64px;left:5850.44px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.64px;left:6480.7px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.64px;left:6831.04px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.64px;left:7131.27px;white-space:nowrap">realized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.64px;left:7811.63px;white-space:nowrap">gains </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.64px;left:8291.95px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.64px;left:8492.08px;white-space:nowrap">relieve </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.64px;left:9072.33px;white-space:nowrap">it </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.64px;left:9212.34px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.64px;left:5220px;white-space:nowrap">federal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.64px;left:5820.38px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.64px;left:6450.64px;white-space:nowrap">and&#160;excise </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.64px;left:7361.19px;white-space:nowrap">taxes. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.64px;left:7881.5px;white-space:nowrap">As </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.64px;left:8141.57px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.64px;left:8291.69px;white-space:nowrap">result, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.64px;left:8831.87px;white-space:nowrap">no </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.64px;left:9082.09px;white-space:nowrap">provision </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.64px;left:9852.45px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.64px;left:5220px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.64px;left:5620.08px;white-space:nowrap">federal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.64px;left:6220.46px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.64px;left:6850.72px;white-space:nowrap">taxes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.64px;left:7330.96px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.64px;left:7510.96px;white-space:nowrap">required.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8172.64px;left:5220px;white-space:nowrap">The&#160;Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8172.64px;left:6040.46px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8172.64px;left:6430.52px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8172.64px;left:6680.74px;white-space:nowrap">subject </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8172.64px;left:7301.07px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8172.64px;left:7501.2px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8172.64px;left:8101.58px;white-space:nowrap">taxation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8172.64px;left:8782.03px;white-space:nowrap">related </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8172.64px;left:9382.41px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8422.64px;left:5220px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8422.64px;left:5850.26px;white-space:nowrap">received, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8422.64px;left:6630.64px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8422.64px;left:7200.97px;white-space:nowrap">gains </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8422.64px;left:7681.29px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8422.64px;left:7931.51px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8422.64px;left:8231.75px;white-space:nowrap">sale </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8422.64px;left:8611.96px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8422.64px;left:8812.09px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8672.64px;left:5220px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8672.64px;left:5570.33px;white-space:nowrap">certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8672.64px;left:6160.61px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8672.64px;left:6760.99px;white-space:nowrap">currency </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8672.64px;left:7501.2px;white-space:nowrap">transactions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8672.64px;left:8521.7px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8672.64px;left:8711.81px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8672.64px;left:9012.04px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8922.64px;left:5220px;white-space:nowrap">jurisdictions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8922.64px;left:6210.35px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8922.64px;left:6400.46px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8922.64px;left:6910.66px;white-space:nowrap">it </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8922.64px;left:7050.67px;white-space:nowrap">invests. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8922.64px;left:7710.91px;white-space:nowrap">Foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8922.64px;left:8371.23px;white-space:nowrap">taxes, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8922.64px;left:8901.47px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8922.64px;left:9041.48px;letter-spacing:-2.67px;white-space:nowrap">any, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8922.64px;left:9418.36px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9172.64px;left:5220px;white-space:nowrap">recorded </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9172.64px;left:5980.43px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9172.64px;left:6520.87px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9172.64px;left:6771.09px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9172.64px;left:7071.33px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9172.64px;left:7361.46px;white-space:nowrap">regulations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9172.64px;left:8292.04px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9172.64px;left:8642.37px;white-space:nowrap">rates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9172.64px;left:9092.55px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9172.64px;left:9442.79px;white-space:nowrap">exist </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9422.64px;left:5220px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9422.64px;left:5410.11px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9422.64px;left:5710.34px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9422.64px;left:6310.72px;white-space:nowrap">markets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9422.64px;left:7000.84px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9422.64px;left:7190.95px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9422.64px;left:7701.15px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9422.64px;left:8001.39px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9422.64px;left:8461.67px;white-space:nowrap">invests. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9422.64px;left:9121.9px;white-space:nowrap">When </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9422.64px;left:9642.13px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9672.64px;left:5220px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9672.64px;left:5790.32px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9672.64px;left:6180.64px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9672.64px;left:6470.77px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9672.64px;left:6650.77px;white-space:nowrap">determined </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9672.64px;left:7601.31px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9672.64px;left:7801.44px;letter-spacing:-1.91px;white-space:nowrap">apply, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9672.64px;left:8318.41px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9672.64px;left:8618.64px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9672.64px;left:9078.93px;white-space:nowrap">records </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9672.64px;left:9729.14px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9922.64px;left:5220px;white-space:nowrap">estimated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9922.64px;left:6050.39px;white-space:nowrap">deferred </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9922.64px;left:6770.83px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9922.64px;left:7060.96px;white-space:nowrap">liability </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9922.64px;left:7651.14px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9922.64px;left:7841.25px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9922.64px;left:8091.47px;white-space:nowrap">amount </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9922.64px;left:8741.87px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9922.64px;left:9092.11px;white-space:nowrap">would </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9922.64px;left:9612.42px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10172.64px;left:5220px;white-space:nowrap">payable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10172.64px;left:5900.54px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10172.64px;left:6040.55px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10172.64px;left:6340.78px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10172.64px;left:7151.04px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10172.64px;left:7591.2px;white-space:nowrap">disposed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10172.64px;left:8361.74px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10172.64px;left:8561.87px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10172.64px;left:8812.09px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10172.64px;left:9112.32px;white-space:nowrap">valuation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10422.64px;left:5220px;white-space:nowrap">date.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10852.64px;left:5220px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10852.64px;left:5580.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10852.64px;left:6040.46px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10852.64px;left:6430.52px;white-space:nowrap">recognize </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10852.64px;left:7261px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10852.64px;left:7511.22px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10852.64px;left:8141.48px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10852.64px;left:8431.61px;white-space:nowrap">liability </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10852.64px;left:9021.8px;white-space:nowrap">related </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10852.64px;left:9622.18px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10852.64px;left:9822.3px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11102.64px;left:5220px;white-space:nowrap">uncertain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11102.64px;left:6010.49px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11102.64px;left:6300.62px;white-space:nowrap">positions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11102.64px;left:7061.04px;white-space:nowrap">under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11102.64px;left:7571.43px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11102.64px;left:7971.5px;letter-spacing:-0.65px;white-space:nowrap">GAAP </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11102.64px;left:8518.45px;white-space:nowrap">when </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11102.64px;left:8998.77px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11102.64px;left:9299px;white-space:nowrap">uncertain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11352.64px;left:5220px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11352.64px;left:5510.13px;white-space:nowrap">position </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11352.64px;left:6180.56px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11352.64px;left:6520.78px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11352.64px;left:6670.9px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11352.64px;left:7041.01px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11352.64px;left:7441.35px;white-space:nowrap">50% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11352.64px;left:7851.62px;white-space:nowrap">probability </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11352.64px;left:8722.09px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11352.64px;left:9072.33px;white-space:nowrap">it </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11352.64px;left:9212.34px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11352.64px;left:9512.31px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11602.64px;left:5220px;white-space:nowrap">sustained </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11602.64px;left:6040.55px;white-space:nowrap">upon </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11602.64px;left:6490.99px;white-space:nowrap">examination </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11602.64px;left:7511.57px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11602.64px;left:7751.69px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11602.64px;left:8051.92px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11602.64px;left:8342.05px;white-space:nowrap">authorities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11602.64px;left:9222.54px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11852.64px;left:5220px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11852.64px;left:5470.22px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11852.64px;left:5700.23px;white-space:nowrap">technical </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11852.64px;left:6460.66px;white-space:nowrap">merits. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11852.64px;left:7040.74px;white-space:nowrap">As </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11852.64px;left:7300.81px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11852.64px;left:7491.01px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11852.64px;left:8101.41px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11852.64px;left:8401.64px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11852.64px;left:8902.09px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11852.64px;left:9202.32px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11852.64px;left:9662.61px;white-space:nowrap">has </div></div>
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			<div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-0.89px;white-space:nowrap">1. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:210.36px;letter-spacing:-3.69px;white-space:nowrap">Organization </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1436.2px;letter-spacing:-3px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1831.33px;text-rendering:optimizeLegibility;letter-spacing:-3.33px;white-space:nowrap">Significant </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:2857.74px;letter-spacing:-3.64px;white-space:nowrap">Accounting </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:3969.21px;letter-spacing:-3.5px;white-space:nowrap">Policies</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:250.14px;left:0px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:0px;white-space:nowrap">d. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:221.64px;white-space:nowrap">Joint </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:728.27px;white-space:nowrap">Repurchase </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:1861.68px;white-space:nowrap">Agreement </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:682.94px;left:2906.96px;white-space:nowrap">(continued)</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:0px;white-space:nowrap">determined </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:950.54px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:1300.78px;white-space:nowrap">no </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:1551.01px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:1841.13px;white-space:nowrap">liability </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:2431.32px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:2611.32px;white-space:nowrap">required </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:3321.74px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:3511.85px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:988px;left:3741.86px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:0px;white-space:nowrap">statements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:930.41px;white-space:nowrap">related </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:1530.79px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:1730.92px;white-space:nowrap">uncertain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:2521.41px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:2811.53px;white-space:nowrap">positions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:3571.96px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:3832.03px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1238px;left:4172.26px;white-space:nowrap">open </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:0px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:290.13px;white-space:nowrap">years </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:780.29px;white-space:nowrap">(or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:1050.29px;white-space:nowrap">expected </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:1830.85px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:2030.98px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:2281.2px;white-space:nowrap">taken </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:2771.54px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:2961.65px;white-space:nowrap">future </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:3471.94px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:3762.07px;white-space:nowrap">years). </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1488px;left:4362.19px;white-space:nowrap">Open </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:0px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:290.13px;white-space:nowrap">years </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:780.29px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:1090.46px;white-space:nowrap">those </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:1580.8px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:1931.04px;white-space:nowrap">remain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:2531.25px;white-space:nowrap">subject </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:3151.58px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:3351.71px;white-space:nowrap">examination </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1738px;left:4372.29px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:0px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:310.17px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:850.61px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:1100.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:1401.06px;white-space:nowrap">statute </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:1991.43px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:2191.55px;white-space:nowrap">limitations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:3041.81px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:3231.91px;white-space:nowrap">each </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:3672.25px;white-space:nowrap">jurisdiction </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1988px;left:4572.6px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2238px;left:0px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2238px;left:510.21px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2238px;left:810.44px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2238px;left:1270.72px;white-space:nowrap">invests.&#160;</div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2741.54px;left:0px;white-space:nowrap">h. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2741.54px;left:221.64px;white-space:nowrap">Security </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2741.54px;left:1024.22px;letter-spacing:-0.75px;white-space:nowrap">Transactions, </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2741.54px;left:2301.89px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:2741.54px;left:3357.75px;white-space:nowrap">Income, </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:3001.54px;left:0px;white-space:nowrap">Expenses </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:3001.54px;left:939.98px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:3001.54px;left:1330.56px;white-space:nowrap">Distributions</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3332px;left:0px;white-space:nowrap">Security </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3332px;left:700.22px;white-space:nowrap">transactions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3332px;left:1720.72px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3332px;left:2030.89px;white-space:nowrap">accounted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3332px;left:2911.55px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3332px;left:3171.62px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3332px;left:3421.85px;white-space:nowrap">trade </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3332px;left:3882.13px;white-space:nowrap">date. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3582px;left:0px;white-space:nowrap">Realized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3582px;left:750.41px;white-space:nowrap">gains </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3582px;left:1230.73px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3582px;left:1581.06px;white-space:nowrap">losses </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3582px;left:2141.28px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3582px;left:2391.5px;white-space:nowrap">security </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3582px;left:3061.67px;white-space:nowrap">transactions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3582px;left:4082.17px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3832px;left:0px;white-space:nowrap">determined </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3832px;left:950.54px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3832px;left:1200.76px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3832px;left:1350.88px;text-rendering:optimizeLegibility;white-space:nowrap">specific </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3832px;left:2001.09px;text-rendering:optimizeLegibility;white-space:nowrap">identification </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3832px;left:3051.74px;white-space:nowrap">basis. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3832px;left:3571.96px;white-space:nowrap">Interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3832px;left:4222.27px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4082px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4082px;left:350.33px;white-space:nowrap">estimated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4082px;left:1180.72px;white-space:nowrap">expenses </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4082px;left:2001.27px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4082px;left:2311.44px;white-space:nowrap">accrued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4082px;left:3001.82px;letter-spacing:-1.91px;white-space:nowrap">daily. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4082px;left:3448.74px;white-space:nowrap">Amortization </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4082px;left:4499.12px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4332px;left:0px;white-space:nowrap">premium </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4332px;left:750.15px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4332px;left:1100.48px;white-space:nowrap">accretion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4332px;left:1880.86px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4332px;left:2080.99px;white-space:nowrap">discount </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4332px;left:2801.43px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4332px;left:3051.65px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4332px;left:3451.99px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4332px;left:4262.26px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4582px;left:0px;white-space:nowrap">included </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4582px;left:720.53px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4582px;left:910.63px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4582px;left:1550.92px;white-space:nowrap">income. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4582px;left:2231.19px;white-space:nowrap">Dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4582px;left:2981.6px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4582px;left:3611.87px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4582px;left:3791.87px;white-space:nowrap">recorded </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4832px;left:0px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4832px;left:250.22px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4832px;left:550.46px;white-space:nowrap">ex-dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4832px;left:1521.04px;white-space:nowrap">date </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4832px;left:1921.38px;white-space:nowrap">except </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4832px;left:2501.72px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4832px;left:2761.79px;white-space:nowrap">certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4832px;left:3352.06px;white-space:nowrap">dividends </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4832px;left:4162.59px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5082px;left:0px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5082px;left:810.26px;white-space:nowrap">where </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5082px;left:1350.53px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5082px;left:1650.76px;white-space:nowrap">dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5082px;left:2371.29px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5082px;left:2731.46px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5082px;left:2911.46px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5082px;left:3211.7px;white-space:nowrap">available. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5082px;left:4022.23px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5082px;left:4222.35px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5332px;left:0px;white-space:nowrap">cases, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5332px;left:570.23px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5332px;left:870.47px;white-space:nowrap">dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5332px;left:1591px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5332px;left:1771px;white-space:nowrap">recorded </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5332px;left:2531.43px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5332px;left:2771.54px;white-space:nowrap">soon </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5332px;left:3211.88px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5332px;left:3451.99px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5332px;left:3752.23px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5582px;left:0px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5582px;left:180px;white-space:nowrap">received </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5582px;left:910.37px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5582px;left:1150.49px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5582px;left:1450.72px;white-space:nowrap">Fund. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5582px;left:1961.02px;white-space:nowrap">Distributions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5582px;left:3001.38px;white-space:nowrap">to&#160;shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5582px;left:4292.14px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5832px;left:0px;white-space:nowrap">recorded </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5832px;left:760.43px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5832px;left:1010.65px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5832px;left:1310.89px;white-space:nowrap">ex-dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5832px;left:2281.46px;white-space:nowrap">date. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5832px;left:2731.82px;white-space:nowrap">Distributable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5832px;left:3782.29px;white-space:nowrap">earnings </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6082px;left:0px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6082px;left:310.17px;white-space:nowrap">determined </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6082px;left:1260.7px;white-space:nowrap">according </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6082px;left:2091.18px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6082px;left:2291.31px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6082px;left:2921.57px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6082px;left:3211.7px;white-space:nowrap">regulations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6082px;left:4142.29px;white-space:nowrap">(tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6332px;left:0px;white-space:nowrap">basis) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6332px;left:530.16px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6332px;left:880.49px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6332px;left:1270.55px;letter-spacing:-0.46px;white-space:nowrap">differ </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6332px;left:1717.47px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6332px;left:2127.48px;white-space:nowrap">earnings </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6332px;left:2867.96px;white-space:nowrap">recorded </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6332px;left:3628.39px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6332px;left:3818.5px;white-space:nowrap">accordance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5220px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5590.11px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5990.19px;letter-spacing:-3.87px;white-space:nowrap">GAAP. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6563.94px;white-space:nowrap">These </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7114.22px;letter-spacing:-0.27px;white-space:nowrap">differences </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8041.46px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8431.52px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8681.75px;white-space:nowrap">permanent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9592.29px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5220px;letter-spacing:-1.21px;white-space:nowrap">temporary. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6116.92px;white-space:nowrap">Permanent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7047.42px;letter-spacing:-0.27px;white-space:nowrap">differences </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7974.67px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8284.83px;text-rendering:optimizeLegibility;white-space:nowrap">reclassified </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9235.2px;white-space:nowrap">among </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5220px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5790.32px;white-space:nowrap">accounts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6560.77px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6760.9px;text-rendering:optimizeLegibility;white-space:nowrap">reflect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7301.07px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7701.24px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7991.37px;letter-spacing:-0.9px;white-space:nowrap">character. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8828.53px;white-space:nowrap">These </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5220px;text-rendering:optimizeLegibility;white-space:nowrap">reclassifications </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6540.47px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6980.8px;white-space:nowrap">no </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7231.03px;white-space:nowrap">impact </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7811.19px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8061.42px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8361.65px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8931.88px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:9141.94px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:9442.18px;white-space:nowrap">results </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5220px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5420.13px;white-space:nowrap">operations. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6357.48px;letter-spacing:-2px;white-space:nowrap">Temporary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7257.74px;letter-spacing:-0.27px;white-space:nowrap">differences </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8184.99px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8495.16px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8795.39px;text-rendering:optimizeLegibility;white-space:nowrap">reclassified, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:9795.76px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5220px;white-space:nowrap">they </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5610.23px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6000.29px;white-space:nowrap">reverse </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6650.51px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6840.62px;white-space:nowrap">subsequent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:7821.39px;white-space:nowrap">periods.</div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:1732.18px;left:5220px;white-space:nowrap">i. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:1732.18px;left:5371.31px;white-space:nowrap">Accounting </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:1732.18px;left:6469.01px;white-space:nowrap">Estimates</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2062.64px;left:5220px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2062.64px;left:5580.18px;white-space:nowrap">preparation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2062.64px;left:6540.82px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2062.64px;left:6740.95px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2062.64px;left:7451.37px;white-space:nowrap">statements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2062.64px;left:8381.78px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2062.64px;left:8571.88px;white-space:nowrap">accordance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2062.64px;left:9552.48px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2312.64px;left:5220px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2312.64px;left:5620.08px;letter-spacing:-0.65px;white-space:nowrap">GAAP </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2312.64px;left:6167.02px;white-space:nowrap">requires </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2312.64px;left:6867.33px;white-space:nowrap">management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2312.64px;left:7967.99px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2312.64px;left:8168.12px;white-space:nowrap">make </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2312.64px;left:8658.28px;white-space:nowrap">estimates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2312.64px;left:9478.56px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:5220px;white-space:nowrap">assumptions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:6280.49px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:6630.73px;letter-spacing:-0.46px;white-space:nowrap">affect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:7117.73px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:7417.97px;white-space:nowrap">reported </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:8138.41px;white-space:nowrap">amounts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:8878.8px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2562.64px;left:9078.93px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:5220px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:5570.33px;white-space:nowrap">liabilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:6300.62px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:6500.74px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:6800.98px;white-space:nowrap">date </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:7201.32px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:7401.45px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:7701.68px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:8412.1px;white-space:nowrap">statements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2812.64px;left:9342.51px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:5520.23px;white-space:nowrap">amounts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:6260.62px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:6460.75px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:7091.02px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:7441.35px;white-space:nowrap">expenses </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:8261.89px;white-space:nowrap">during </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:8812.27px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3062.64px;left:9112.5px;white-space:nowrap">reporting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:5220px;white-space:nowrap">period. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:5810.45px;white-space:nowrap">Actual </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:6360.73px;white-space:nowrap">results </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:6940.9px;white-space:nowrap">could </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:7421.22px;letter-spacing:-0.46px;white-space:nowrap">differ </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:7868.14px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:8278.15px;white-space:nowrap">those </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3312.64px;left:8768.5px;white-space:nowrap">estimates.</div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:3816.18px;left:5220px;white-space:nowrap">j. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:3816.18px;left:5378.36px;white-space:nowrap">Guarantees </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:3816.18px;left:6476.62px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:3816.18px;left:6867.19px;text-rendering:optimizeLegibility;white-space:nowrap">Indemnifications</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4146.64px;left:5220px;white-space:nowrap">Under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4146.64px;left:5760.26px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4146.64px;left:6060.5px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4146.64px;left:6647.52px;white-space:nowrap">organizational </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4146.64px;left:7818.31px;white-space:nowrap">documents, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4146.64px;left:8798.82px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4146.64px;left:9028.83px;text-rendering:optimizeLegibility;white-space:nowrap">officers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4396.64px;left:5220px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4396.64px;left:5570.33px;white-space:nowrap">trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4396.64px;left:6260.62px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4396.64px;left:6570.79px;text-rendering:optimizeLegibility;white-space:nowrap">indemnified </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4396.64px;left:7541.37px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4396.64px;left:7781.48px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4396.64px;left:8081.72px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4396.64px;left:8542px;white-space:nowrap">against </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4396.64px;left:9172.44px;white-space:nowrap">certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4646.64px;left:5220px;white-space:nowrap">liabilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4646.64px;left:5950.28px;white-space:nowrap">arising </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4646.64px;left:6530.54px;white-space:nowrap">out </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4646.64px;left:6830.77px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4646.64px;left:7030.9px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4646.64px;left:7331.13px;white-space:nowrap">performance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4646.64px;left:8391.62px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4646.64px;left:8591.75px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4646.64px;left:8991.91px;white-space:nowrap">duties </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4646.64px;left:9522.25px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4896.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4896.64px;left:5520.23px;white-space:nowrap">Fund. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4896.64px;left:6020.6px;letter-spacing:-0.95px;white-space:nowrap">Additionally, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4896.64px;left:7027.82px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4896.64px;left:7217.93px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4896.64px;left:7518.16px;white-space:nowrap">normal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4896.64px;left:8118.37px;white-space:nowrap">course </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4896.64px;left:8708.64px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4896.64px;left:8908.77px;white-space:nowrap">business, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4896.64px;left:9719.21px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:5220px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:5680.28px;white-space:nowrap">enters </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:6230.57px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:6570.79px;white-space:nowrap">contracts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:7351.08px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:7721.19px;white-space:nowrap">service </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:8341.35px;white-space:nowrap">providers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:9131.66px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5146.64px;left:9481.9px;white-space:nowrap">contain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:5220px;white-space:nowrap">general </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:5870.48px;text-rendering:optimizeLegibility;white-space:nowrap">indemnification </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:7121.16px;white-space:nowrap">clauses. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:7828.24px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:8188.42px;letter-spacing:-0.3px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5396.64px;left:8775.44px;white-space:nowrap">maximum </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:5220px;white-space:nowrap">exposure </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:6010.49px;white-space:nowrap">under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:6520.87px;white-space:nowrap">these </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:7011.21px;white-space:nowrap">arrangements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:8171.81px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:8351.81px;white-space:nowrap">unknown </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:9122.34px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5646.64px;left:9362.46px;white-space:nowrap">this </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:5220px;white-space:nowrap">would </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:5740.31px;white-space:nowrap">involve </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:6350.62px;white-space:nowrap">future </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:6860.92px;white-space:nowrap">claims </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:7420.96px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:7771.2px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:8161.26px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:8411.48px;white-space:nowrap">made </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:8911.76px;white-space:nowrap">against </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5896.64px;left:9542.2px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:5220px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:5680.28px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:6030.53px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:6470.86px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:6771.09px;white-space:nowrap">yet </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:7061.22px;white-space:nowrap">occurred. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:7861.55px;letter-spacing:-1.21px;white-space:nowrap">Currently, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:8678.41px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:8978.64px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6146.64px;left:9438.93px;white-space:nowrap">expects </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:5520.23px;white-space:nowrap">risk </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:5850.18px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:6050.3px;white-space:nowrap">loss </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:6420.41px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:6620.54px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6396.64px;left:6870.76px;white-space:nowrap">remote.</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6979.71px;left:0px;letter-spacing:-0.89px;white-space:nowrap">2. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6979.71px;left:210.36px;letter-spacing:-3.43px;white-space:nowrap">Shares </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6979.71px;left:905.02px;letter-spacing:-2.67px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6979.71px;left:1137.36px;text-rendering:optimizeLegibility;letter-spacing:-3.27px;white-space:nowrap">Beneficial </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6979.71px;left:2097.75px;letter-spacing:-3.5px;white-space:nowrap">Interest</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:0px;white-space:nowrap">At </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:210.15px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:820.55px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:1120.78px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:1621.23px;white-space:nowrap">there </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:2081.51px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:2521.67px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:2771.89px;white-space:nowrap">unlimited </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:3542.26px;white-space:nowrap">number </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:4202.58px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:4402.71px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:4992.98px;white-space:nowrap">authorized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:5883.57px;white-space:nowrap">($0.01 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:6443.96px;white-space:nowrap">par </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:6754.13px;white-space:nowrap">value). </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:7344.4px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:7924.66px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:8224.89px;white-space:nowrap">years&#160;ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7347.44px;left:9255.67px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:0px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:300.23px;white-space:nowrap">2021 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:750.67px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:1091.07px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:1701.47px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:2001.71px;white-space:nowrap">2020 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:2452.15px;white-space:nowrap">there </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:2912.43px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:3352.59px;white-space:nowrap">no </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:3602.81px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:4193.09px;white-space:nowrap">issued; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:4813.42px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:5043.52px;white-space:nowrap">reinvested </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:5924px;white-space:nowrap">distributions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:6934.48px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:7374.64px;text-rendering:optimizeLegibility;white-space:nowrap">satisfied </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:8084.97px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:8455.08px;white-space:nowrap">previously </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7597.44px;left:9315.44px;white-space:nowrap">issued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7847.44px;left:0px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7847.44px;left:590.27px;white-space:nowrap">purchased </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7847.44px;left:1480.87px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7847.44px;left:1670.98px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7847.44px;left:1971.21px;white-space:nowrap">open </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7847.44px;left:2421.65px;white-space:nowrap">market. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:0px;white-space:nowrap">Under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:540.26px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:840.5px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:1370.83px;white-space:nowrap">approved </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:2171.43px;white-space:nowrap">open-market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:3231.91px;white-space:nowrap">share </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:3732.19px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:4682.72px;white-space:nowrap">program, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:5453px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:5753.23px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:6213.52px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:6603.57px;white-space:nowrap">purchase, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:7444.07px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:7854.08px;white-space:nowrap">time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:8244.14px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:8444.27px;white-space:nowrap">time, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:8884.34px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8277.44px;left:9344.62px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:190.11px;white-space:nowrap">open-market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:1250.6px;white-space:nowrap">transactions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:2321.1px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:2521.23px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:2821.46px;white-space:nowrap">discretion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:3641.84px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:3841.96px;white-space:nowrap">management. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:4992.63px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:5572.88px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:5873.12px;white-space:nowrap">years&#160;ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:6903.9px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:7514.3px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:7814.53px;white-space:nowrap">2021 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:8264.97px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:8605.37px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:9215.77px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8527.44px;left:9516.01px;white-space:nowrap">2020, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8777.44px;left:0px;white-space:nowrap">there </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8777.44px;left:460.28px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8777.44px;left:900.44px;white-space:nowrap">no </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8777.44px;left:1150.66px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8777.44px;left:1740.94px;white-space:nowrap">repurchased.</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9360.51px;left:0px;letter-spacing:-0.89px;white-space:nowrap">3. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9360.51px;left:210.36px;letter-spacing:-3.43px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9360.51px;left:860.29px;letter-spacing:-3.33px;white-space:nowrap">Fixed </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9360.51px;left:1414.22px;letter-spacing:-3.2px;white-space:nowrap">Rate </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:9360.51px;left:1883.29px;letter-spacing:-3.2px;white-space:nowrap">Notes</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:0px;white-space:nowrap">On </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:280.2px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:890.6px;white-space:nowrap">28, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:1190.83px;white-space:nowrap">2018, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:1691.28px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:1991.51px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:2451.8px;white-space:nowrap">issued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:3022.12px;white-space:nowrap">$65 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:3372.45px;white-space:nowrap">million </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:3932.58px;white-space:nowrap">principal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:4652.93px;white-space:nowrap">amount </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:5303.32px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:5503.45px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:5653.56px;white-space:nowrap">new </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:6033.78px;white-space:nowrap">class </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:6493.89px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:6694.01px;text-rendering:optimizeLegibility;white-space:nowrap">five-year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:7434.23px;white-space:nowrap">senior </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:7974.49px;text-rendering:optimizeLegibility;white-space:nowrap">fixed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:8404.72px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:8764.89px;white-space:nowrap">notes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9728.24px;left:9255.23px;white-space:nowrap">(Notes). </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:360.18px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:880.4px;white-space:nowrap">bear </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:1290.67px;white-space:nowrap">interest, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:1980.97px;white-space:nowrap">payable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:2661.5px;letter-spacing:-0.89px;white-space:nowrap">semi-annually, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:3858.66px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:4058.79px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:4208.91px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:4569.08px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:4769.21px;white-space:nowrap">3.91% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:5329.6px;white-space:nowrap">per </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:5639.77px;letter-spacing:-1.66px;white-space:nowrap">year, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:6080.01px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:6280.14px;white-space:nowrap">maturity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:6970.25px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:7220.48px;white-space:nowrap">September </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:8150.98px;white-space:nowrap">15, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:8451.21px;white-space:nowrap">2023. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9978.24px;left:8948.41px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:0px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:520.22px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:830.39px;white-space:nowrap">general </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:1480.87px;white-space:nowrap">unsecured </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:2371.46px;white-space:nowrap">obligations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:3282.1px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:3482.23px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:3782.46px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:4242.74px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:4593.08px;white-space:nowrap">rank </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:4993.24px;white-space:nowrap">senior </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:5533.51px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:5733.63px;white-space:nowrap">trust </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:6133.71px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:6723.98px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:7074.32px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:7304.41px;white-space:nowrap">existing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:7964.74px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:8174.79px;white-space:nowrap">future </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10228.24px;left:8685.09px;white-space:nowrap">unsecured </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:0px;white-space:nowrap">indebtedness </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:1120.87px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:1321px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:1621.23px;white-space:nowrap">Fund. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:2131.52px;white-space:nowrap">For </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:2451.53px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:2751.77px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:3151.93px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:3692.55px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:4302.95px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:4603.18px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:5103.63px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:5493.87px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:6134.15px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:6524.47px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:6764.59px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:7064.82px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:7525.11px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:7775.33px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:8075.57px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:8595.79px;white-space:nowrap">was </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10478.24px;left:8965.9px;white-space:nowrap">$2,541,500. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:820.46px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:1000.46px;white-space:nowrap">required </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:1710.88px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:1911.01px;white-space:nowrap">maintain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:2641.38px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:2891.6px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:3041.72px;white-space:nowrap">monthly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:3721.99px;white-space:nowrap">basis </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:4192.21px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:4342.32px;text-rendering:optimizeLegibility;white-space:nowrap">specified </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:5102.75px;white-space:nowrap">discounted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:6023.41px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:6503.64px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:6983.96px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:7244.03px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:7474.04px;white-space:nowrap">portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:8164.42px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:8354.53px;white-space:nowrap">compliance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10728.24px;left:9315px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:0px;white-space:nowrap">guidelines </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:860.63px;white-space:nowrap">established </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:1821.27px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:2011.38px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:2311.61px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:2821.9px;white-space:nowrap">Agreement, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:3802.41px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:4152.74px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:4332.74px;white-space:nowrap">required </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:5043.16px;white-space:nowrap">under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:5553.54px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:5853.78px;white-space:nowrap">1940 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:6294.29px;white-space:nowrap">Act </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:6604.37px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:6804.49px;white-space:nowrap">maintain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:7534.86px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:8015.1px;white-space:nowrap">coverage </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:8805.59px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:9065.65px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:9365.89px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10978.24px;left:9886.11px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:0px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:200.13px;white-space:nowrap">least </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:630.35px;white-space:nowrap">300%. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:1187.49px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:1547.67px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:2007.95px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:2348.17px;white-space:nowrap">met </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:2698.24px;white-space:nowrap">these </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:3188.58px;white-space:nowrap">requirements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:4289.06px;white-space:nowrap">during </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:4839.43px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:5139.67px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:5539.83px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:6080.45px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:6690.85px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:6991.08px;white-space:nowrap">2021. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:7488.28px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:7848.46px;white-space:nowrap">issuance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:8608.89px;white-space:nowrap">costs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:9079.01px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11228.24px;left:9279.14px;letter-spacing:-1.48px;white-space:nowrap">$114,819 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:0px;white-space:nowrap">incurred </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:700.31px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:940.43px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:1240.66px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:1700.95px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:2011.11px;white-space:nowrap">deferred </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:2731.55px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:3081.88px;white-space:nowrap">amortized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:3922.21px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:4172.43px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:4422.66px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:5062.94px;white-space:nowrap">method </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:5713.33px;white-space:nowrap">basis </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:6183.54px;white-space:nowrap">over </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:6583.71px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:6883.95px;white-space:nowrap">term </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:7293.96px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:7494.08px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:7794.32px;white-space:nowrap">Notes. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:8364.55px;white-space:nowrap">For </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:8684.56px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:8984.79px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11478.24px;left:9384.96px;white-space:nowrap">ended </div></div>
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			<div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-0.89px;white-space:nowrap">1. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:210.36px;letter-spacing:-3.69px;white-space:nowrap">Organization </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1436.2px;letter-spacing:-3px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1831.33px;text-rendering:optimizeLegibility;letter-spacing:-3.33px;white-space:nowrap">Significant </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:2857.74px;letter-spacing:-3.64px;white-space:nowrap">Accounting </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:3969.21px;letter-spacing:-3.5px;white-space:nowrap">Policies</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:250.14px;left:0px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:0px;white-space:nowrap">g. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:221.64px;white-space:nowrap">Income </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:939.61px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:1330.19px;white-space:nowrap">Deferred </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:657.54px;left:2164.4px;letter-spacing:-2.35px;white-space:nowrap">Taxes </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:682.94px;left:2794.61px;white-space:nowrap">(continued)</div></div>
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</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:928.8px;width:712.8px;transform-origin:top left;transform:scale(1.2,1.2)"><div style="position:absolute;top:0px;left:0px;width:594px;height:774px">
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.67px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:793.16px;letter-spacing:10.32px;white-space:nowrap">Universal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1686.13px;letter-spacing:9.15px;white-space:nowrap">Trust</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:0px;letter-spacing:10px;white-space:nowrap">Notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:558.17px;letter-spacing:7.24px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:810.66px;letter-spacing:10.32px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:1647.53px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMElEQVR4Xu3KIREAMAwAsVdb/xImoaw3EBCWqgEAAAAAAAAA+MwaAAAAAAAAAABOPTnTicuMWE6aAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">30</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:0px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:610.4px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:910.63px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:1411.08px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:1711.32px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:2171.6px;white-space:nowrap">amortized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:3011.92px;white-space:nowrap">$17,168 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:3712.59px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:3912.71px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:4432.94px;white-space:nowrap">issuance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:5193.37px;white-space:nowrap">costs. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:5713.51px;white-space:nowrap">Subject </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:6363.9px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:6564.02px;white-space:nowrap">certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:7154.3px;white-space:nowrap">restrictions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:8074.51px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:8424.84px;white-space:nowrap">make </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:8915.01px;white-space:nowrap">whole </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:0px;white-space:nowrap">premiums, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:890.16px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:1190.39px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:1650.67px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:2040.73px;white-space:nowrap">prepay </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:2641.11px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:2941.35px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:3461.57px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:3661.7px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:4001.92px;white-space:nowrap">time. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:4432.06px;white-space:nowrap">At </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:4642.21px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:5252.61px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:5552.84px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:6053.29px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:6193.3px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:6493.54px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:7013.76px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:7453.92px;white-space:nowrap">fully </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:7824.02px;white-space:nowrap">prepaid, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:8524.51px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:8824.75px;white-space:nowrap">make </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:9314.91px;white-space:nowrap">whole </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:0px;white-space:nowrap">premium </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:750.15px;white-space:nowrap">related </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:1350.53px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:1550.65px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:1850.89px;white-space:nowrap">current </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:2461.11px;white-space:nowrap">balance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:3141.65px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:3341.78px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:3642.01px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:4162.24px;white-space:nowrap">would </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:4682.55px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:5122.88px;white-space:nowrap">been </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:5573.32px;white-space:nowrap">approximately </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:6743.85px;white-space:nowrap">$4,222,309. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:820.46px;white-space:nowrap">employs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:1540.72px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:1790.95px;white-space:nowrap">income-based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:2971.58px;white-space:nowrap">approach </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:3772.18px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:3972.3px;white-space:nowrap">determine </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:4822.73px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:5122.97px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:5423.03px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:5903.35px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:6103.48px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:6403.71px;white-space:nowrap">Notes, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:6973.95px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:7484.15px;white-space:nowrap">uses </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:7914.38px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:8214.61px;letter-spacing:-0.95px;white-space:nowrap">Notes&#8217; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:8768.14px;white-space:nowrap">current </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:9378.37px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:0px;white-space:nowrap">rating, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:550.28px;white-space:nowrap">remaining </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:1390.69px;white-space:nowrap">time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:1780.75px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:1980.88px;letter-spacing:-1.34px;white-space:nowrap">maturity, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:2707.65px;white-space:nowrap">stated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:3248px;white-space:nowrap">coupon </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:3888.54px;white-space:nowrap">rates, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:4388.73px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:4688.96px;white-space:nowrap">current </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:5299.19px;white-space:nowrap">yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:5719.39px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:5919.52px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:6069.64px;white-space:nowrap">comparable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:7060.17px;white-space:nowrap">asset, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:7590.41px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:7940.74px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:8090.86px;white-space:nowrap">liquidity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:8741.16px;white-space:nowrap">premium. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:9531.39px;white-space:nowrap">At </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:0px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:610.4px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:910.63px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:1411.08px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:1711.32px;white-space:nowrap">estimated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:2541.71px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:2841.77px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:3322.09px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:3522.22px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:3822.45px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:4342.68px;white-space:nowrap">was </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:4712.78px;white-space:nowrap">approximately </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:5883.31px;white-space:nowrap">$68,730,000. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:6981.06px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:7341.24px;white-space:nowrap">inputs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:7871.57px;white-space:nowrap">used </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:8311.9px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:8502.01px;white-space:nowrap">determining </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:9492.54px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1774px;left:9792.77px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:0px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:480.32px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:680.45px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:980.68px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:1500.91px;white-space:nowrap">represent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:2311.35px;white-space:nowrap">Level </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:2791.67px;white-space:nowrap">3 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:2941.79px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:3131.89px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:3432.13px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:3732.19px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:4212.51px;letter-spacing:-1.21px;white-space:nowrap">hierarchy. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:5039.47px;white-space:nowrap">See </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:5409.76px;white-space:nowrap">Note </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:5839.98px;letter-spacing:-4.45px;white-space:nowrap">11 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:6076.85px;white-space:nowrap">regarding </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:6887.37px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:7187.43px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:7667.75px;white-space:nowrap">measurements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:8908.24px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2024px;left:9168.31px;white-space:nowrap">additional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2274px;left:0px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2274px;left:940.43px;white-space:nowrap">about </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2274px;left:1440.88px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2274px;left:1740.94px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2274px;left:2221.26px;white-space:nowrap">hierarchy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2274px;left:3011.57px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2274px;left:3361.9px;white-space:nowrap">Level </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2274px;left:3842.23px;white-space:nowrap">3 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2274px;left:3992.34px;white-space:nowrap">inputs.</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2857.07px;left:0px;letter-spacing:-0.89px;white-space:nowrap">4. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2857.07px;left:210.36px;letter-spacing:-4.54px;white-space:nowrap">Transactions </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2857.07px;left:1447.72px;letter-spacing:-3.2px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2857.07px;left:1875.77px;text-rendering:optimizeLegibility;letter-spacing:-3.2px;white-space:nowrap">Affiliates</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:690.21px;white-space:nowrap">Resources, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:1650.59px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:1990.72px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:2170.72px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:2470.96px;white-space:nowrap">holding </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:3101.48px;white-space:nowrap">company </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:3881.87px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:4141.93px;white-space:nowrap">various </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:4772.2px;white-space:nowrap">subsidiaries </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:5772.66px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:6122.9px;white-space:nowrap">together </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:6833.41px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:7143.57px;white-space:nowrap">referred </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:7823.85px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:8023.97px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:8264.09px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3224.8px;left:8951.04px;letter-spacing:-1.81px;white-space:nowrap">Templeton. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:0px;white-space:nowrap">Certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:630.26px;text-rendering:optimizeLegibility;white-space:nowrap">officers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:1260.44px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:1610.77px;white-space:nowrap">trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:2301.06px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:2501.19px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:2801.43px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:3261.71px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:3571.88px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:3952.09px;text-rendering:optimizeLegibility;white-space:nowrap">officers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:4582.27px;white-space:nowrap">and/or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:5142.66px;white-space:nowrap">directors </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:5882.87px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:6083px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:6383.23px;white-space:nowrap">following </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3474.8px;left:7133.64px;white-space:nowrap">subsidiaries: </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:4992.79px;left:0px;white-space:nowrap">a. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:4992.79px;left:211.25px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:4992.79px;left:1425.37px;white-space:nowrap">Fees</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:820.46px;white-space:nowrap">pays </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:1250.68px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:1500.91px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:2421.3px;white-space:nowrap">management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:3521.95px;white-space:nowrap">fee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:3822.19px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:4012.38px;white-space:nowrap">Advisers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:4752.6px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:4952.72px;white-space:nowrap">0.75% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:5513.12px;white-space:nowrap">per </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:5823.28px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:6223.45px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:6423.57px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:6723.81px;white-space:nowrap">average </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:7424.3px;white-space:nowrap">weekly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:8024.5px;white-space:nowrap">managed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5323.26px;left:8825.1px;white-space:nowrap">assets. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:0px;white-space:nowrap">Managed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:800.6px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:1370.83px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:1681px;text-rendering:optimizeLegibility;white-space:nowrap">defined </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:2321.54px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:2561.66px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:2861.89px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:3448.92px;white-space:nowrap">gross </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:3939.08px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:4419.32px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:4899.64px;white-space:nowrap">minus </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:5429.79px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:5730.03px;white-space:nowrap">sum </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:6120.09px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:6320.21px;white-space:nowrap">accrued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:7010.6px;white-space:nowrap">liabilities, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:7790.89px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:8251.17px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:8651.51px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5573.26px;left:8951.75px;white-space:nowrap">principal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5823.26px;left:0px;white-space:nowrap">amount </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5823.26px;left:650.39px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5823.26px;left:850.52px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5823.26px;left:1150.75px;white-space:nowrap">Notes.</div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:6326.79px;left:0px;white-space:nowrap">b. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:6326.79px;left:214.58px;white-space:nowrap">Administrative </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:6326.79px;left:1587.17px;white-space:nowrap">Fees</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:0px;white-space:nowrap">Under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:540.26px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:790.49px;white-space:nowrap">agreement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:1701.04px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:2061.21px;white-space:nowrap">Advisers, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:2851.44px;letter-spacing:-1.08px;white-space:nowrap">FT </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:3118.1px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:3858.31px;white-space:nowrap">provides </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:4588.68px;white-space:nowrap">administrative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:5749.1px;white-space:nowrap">services </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:6459.26px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:6659.38px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:6959.62px;white-space:nowrap">Fund. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:7466.66px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:7826.84px;white-space:nowrap">fee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:8127.07px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:8307.07px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:8697.39px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6657.26px;left:8927.58px;white-space:nowrap">Advisers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:0px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:540.44px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:790.66px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:1090.9px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:1675.55px;white-space:nowrap">average </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:2376.04px;white-space:nowrap">daily </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:2796.24px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:3096.47px;white-space:nowrap">assets, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:3716.72px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:4067.05px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:4247.05px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:4547.29px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:4797.51px;white-space:nowrap">additional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:5618.14px;white-space:nowrap">expense </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:6348.69px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:6548.82px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6907.26px;left:6849.05px;white-space:nowrap">Fund.</div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:7410.79px;left:0px;white-space:nowrap">c. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:7410.79px;left:211.25px;white-space:nowrap">Investments </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:7410.79px;left:1372.77px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:7410.79px;left:1587.35px;text-rendering:optimizeLegibility;white-space:nowrap">Affiliated </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:7410.79px;left:2452.93px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:7410.79px;left:3667.06px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:7410.79px;left:4722.91px;white-space:nowrap">Companies</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:820.46px;white-space:nowrap">invests </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:1430.68px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:1620.79px;white-space:nowrap">one </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:1971.12px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:2181.18px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:2641.29px;text-rendering:optimizeLegibility;white-space:nowrap">affiliated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:3361.73px;white-space:nowrap">management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:4462.38px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:5382.77px;white-space:nowrap">companies. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:6343.33px;white-space:nowrap">As </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:6603.4px;text-rendering:optimizeLegibility;white-space:nowrap">defined </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:7243.95px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:7434.05px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:7734.29px;white-space:nowrap">1940 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:8174.79px;white-space:nowrap">Act, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:8534.88px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7741.26px;left:8785.11px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:0px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:180px;white-space:nowrap">deemed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:880.49px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:1080.62px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:1330.84px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:1480.96px;white-space:nowrap">&#8220;Controlled </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:2401.44px;text-rendering:optimizeLegibility;white-space:nowrap">Affiliate&#8221; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:3101.66px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:3301.79px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:3451.9px;white-space:nowrap">fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:3852.25px;white-space:nowrap">when </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:4332.57px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:4482.69px;white-space:nowrap">fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:4883.03px;white-space:nowrap">owns, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:5403.25px;white-space:nowrap">either </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:5903.53px;white-space:nowrap">directly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:6523.68px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:6733.74px;letter-spacing:-1.11px;white-space:nowrap">indirectly, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:7530.64px;white-space:nowrap">25% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:7940.92px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:8150.98px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:8611.08px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:8811.21px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7991.26px;left:9111.45px;text-rendering:optimizeLegibility;white-space:nowrap">affiliated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:0px;letter-spacing:-0.46px;white-space:nowrap">fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:527.08px;white-space:nowrap">outstanding </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:1507.85px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:2098.13px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:2308.18px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:2648.41px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:2948.64px;white-space:nowrap">power </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:3488.91px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:3689.03px;white-space:nowrap">exercise </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:4409.3px;white-space:nowrap">control </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:4999.57px;white-space:nowrap">over </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:5399.74px;white-space:nowrap">management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:6500.39px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:6710.45px;white-space:nowrap">policies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:7360.75px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:7560.88px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:7991.1px;white-space:nowrap">fund. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:8438.2px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:8798.38px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:9258.66px;white-space:nowrap">does </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8241.26px;left:9698.99px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:0px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:520.22px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:780.29px;white-space:nowrap">purposes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:1570.78px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:1770.91px;white-space:nowrap">exercising </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:2631.27px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:2781.39px;white-space:nowrap">controlling </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:3651.86px;text-rendering:optimizeLegibility;white-space:nowrap">influence </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:4422.39px;white-space:nowrap">over </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:4822.56px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:5122.79px;white-space:nowrap">management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:6223.45px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:6433.51px;white-space:nowrap">policies. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:7133.82px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:8234.47px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:8624.71px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:9015.03px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:9255.15px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8491.26px;left:9555.38px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:0px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:310.17px;white-space:nowrap">waived </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:920.48px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:1170.7px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:1740.94px;white-space:nowrap">invested </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:2461.38px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:2651.48px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:2951.72px;text-rendering:optimizeLegibility;white-space:nowrap">affiliated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:3672.16px;white-space:nowrap">management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:4772.81px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:5693.2px;white-space:nowrap">companies, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:6663.69px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:6903.81px;white-space:nowrap">noted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:7404.26px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:7594.37px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:7894.6px;white-space:nowrap">Statement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:8765.07px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8741.26px;left:8965.2px;white-space:nowrap">Operations, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:190.11px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:440.33px;white-space:nowrap">amount </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:1090.72px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:1390.96px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:1591.08px;white-space:nowrap">exceed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:2221.52px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:2521.76px;white-space:nowrap">management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:3622.41px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:3972.74px;white-space:nowrap">administrative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:5133.16px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:5523.4px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:5913.72px;white-space:nowrap">directly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:6533.88px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:6743.94px;white-space:nowrap">indirectly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:7504.19px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:7744.31px;white-space:nowrap">each </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:8184.64px;text-rendering:optimizeLegibility;white-space:nowrap">affiliate. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:8854.98px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8991.26px;left:9435.23px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:0px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:400.17px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:940.78px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:1551.18px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:1851.42px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:2351.87px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:2652.1px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:3112.38px;white-space:nowrap">held </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:3502.71px;white-space:nowrap">investments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:4513.1px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:4703.2px;text-rendering:optimizeLegibility;white-space:nowrap">affiliated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:5423.64px;white-space:nowrap">management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:6524.3px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:7444.69px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:8365.17px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9241.26px;left:8605.28px;white-space:nowrap">follows:</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3948.22px;left:0px;white-space:nowrap">Subsidiary</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3948.22px;left:5040px;text-rendering:optimizeLegibility;white-space:nowrap">Affiliation</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4224.71px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4224.71px;left:604.69px;white-space:nowrap">Advisers, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4224.71px;left:1307.11px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4224.71px;left:1609.45px;white-space:nowrap">(Advisers)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4224.71px;left:5040px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4224.71px;left:5867.03px;white-space:nowrap">manager</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4501.19px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4501.19px;left:610.63px;letter-spacing:-1.77px;white-space:nowrap">Templeton </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4501.19px;left:1393.28px;white-space:nowrap">Services, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4501.19px;left:2095.7px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4501.19px;left:2433.67px;letter-spacing:-0.72px;white-space:nowrap">(FT </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4501.19px;left:2723.98px;white-space:nowrap">Services)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4501.19px;left:5040px;white-space:nowrap">Administrative </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4501.19px;left:6089.22px;white-space:nowrap">manager</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10472.25px;left:1724.13px;white-space:nowrap">&#160;&#160;&#160;&#160;aa</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10088.25px;left:2527.98px;letter-spacing:-1.2px;white-space:nowrap">Value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10088.25px;left:2907.36px;white-space:nowrap">at</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10280.25px;left:2382.59px;white-space:nowrap">Beginning</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10472.25px;left:2588.69px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10472.25px;left:2746.73px;letter-spacing:-1.8px;white-space:nowrap">Year</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10472.25px;left:3454.33px;white-space:nowrap">Purchases</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10472.25px;left:4912.11px;white-space:nowrap">Sales</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10280.25px;left:5402.45px;white-space:nowrap">Realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10280.25px;left:5971.28px;white-space:nowrap">Gain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10472.25px;left:5869.41px;white-space:nowrap">(Loss)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:9704.25px;left:6542.09px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:9704.25px;left:6789.91px;white-space:nowrap">Change</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:9896.25px;left:7154.36px;white-space:nowrap">in</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10088.25px;left:6607.48px;white-space:nowrap">Unrealized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10280.25px;left:6469.12px;white-space:nowrap">Appreciation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10472.25px;left:6388.97px;white-space:nowrap">(Depreciation)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10088.25px;left:7864.11px;letter-spacing:-1.44px;white-space:nowrap">Value</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10280.25px;left:7806.06px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10280.25px;left:7959.19px;white-space:nowrap">End</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10472.25px;left:7771.69px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10472.25px;left:7929.73px;letter-spacing:-1.8px;white-space:nowrap">Year</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:9896.25px;left:8487.06px;white-space:nowrap">Number </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:9896.25px;left:9019.17px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10088.25px;left:8384.64px;white-space:nowrap">Shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10088.25px;left:8858.7px;white-space:nowrap">Held </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10280.25px;left:8742.06px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10280.25px;left:8895.19px;white-space:nowrap">End</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10472.25px;left:8707.69px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10472.25px;left:8865.73px;letter-spacing:-1.8px;white-space:nowrap">Year</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10280.25px;left:9386.34px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10472.25px;left:9619.63px;white-space:nowrap">Income</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10720.81px;left:0px;white-space:nowrap">a&#160;&#160;&#160;&#160;&#160;&#160;</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10720.81px;left:3019.44px;letter-spacing:-1.52px;white-space:nowrap">a&#160;&#160;</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10720.81px;left:4113.44px;letter-spacing:-1.14px;white-space:nowrap">a&#160;&#160; </div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10720.81px;left:6258.44px;letter-spacing:-1.14px;white-space:nowrap">a&#160;&#160; </div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10720.81px;left:7266.44px;letter-spacing:-1.14px;white-space:nowrap">a&#160;&#160; </div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10720.81px;left:8202.44px;letter-spacing:-1.52px;white-space:nowrap">a&#160;&#160;</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10720.81px;left:9138.44px;letter-spacing:-1.52px;white-space:nowrap">a&#160;&#160;</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10720.81px;left:10074.44px;letter-spacing:-1.52px;white-space:nowrap">a&#160;&#160;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10820.02px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10820.02px;left:546.88px;white-space:nowrap">Universal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:10820.02px;left:1174.06px;letter-spacing:-1.44px;white-space:nowrap">Trust</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:11080.5px;left:0px;white-space:nowrap">Non-Controlled </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:11080.5px;left:986.33px;text-rendering:optimizeLegibility;white-space:nowrap">Affiliates</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11308.99px;left:9502.91px;white-space:nowrap">Dividends</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11569.47px;left:0px;white-space:nowrap">Institutional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11569.47px;left:700.31px;white-space:nowrap">Fiduciary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11569.47px;left:1266.8px;letter-spacing:-0.79px;white-space:nowrap">Trust </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11569.47px;left:1597.42px;white-space:nowrap">- </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11761.47px;left:0px;white-space:nowrap">Money </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11761.47px;left:430.31px;white-space:nowrap">Market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11761.47px;left:867.81px;white-space:nowrap">Portfolio, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11761.47px;left:1422.11px;white-space:nowrap">0.01%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11761.47px;left:1794.33px;letter-spacing:49.87px;white-space:nowrap">..</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11761.47px;left:2367.28px;white-space:nowrap">$5,235,951</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11761.47px;left:3388.31px;white-space:nowrap">$74,309,320</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11761.47px;left:4437.97px;white-space:nowrap">$(72,869,693)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11761.47px;left:6058.86px;white-space:nowrap">$&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11761.47px;left:7066.86px;white-space:nowrap">$&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11761.47px;left:7550.28px;white-space:nowrap">$6,675,578</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11761.47px;left:8512.25px;letter-spacing:0px;white-space:nowrap">6,675,578</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:11761.47px;left:9787.13px;white-space:nowrap">$354</div></div>
		</div>
		<div style="height:22px;left:36px;position:absolute;top:121px;width:504px">
			<div style="width:10080px;height:146px;position:absolute;top:3.9px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-0.89px;white-space:nowrap">3. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:210.36px;letter-spacing:-3.43px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:860.29px;letter-spacing:-3.33px;white-space:nowrap">Fixed </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1414.22px;letter-spacing:-3.2px;white-space:nowrap">Rate </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1883.29px;letter-spacing:-4px;white-space:nowrap">Notes</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10.14px;left:2460.2px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div></div>
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</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:928.8px;width:712.8px;transform-origin:top left;transform:scale(1.2,1.2)"><div style="position:absolute;top:0px;left:0px;width:594px;height:774px">
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			<div style="width:10080px;height:912px;position:absolute;top:3.86px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">


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			<div style="width:717px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">31</div></div>
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			<div style="width:2700px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4169.49px;left:0px;letter-spacing:-0.89px;white-space:nowrap">5. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4169.49px;left:210.36px;letter-spacing:-3.5px;white-space:nowrap">Expense </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4169.49px;left:1056.59px;letter-spacing:-3.43px;white-space:nowrap">Offset </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4169.49px;left:1654.56px;letter-spacing:-3.64px;white-space:nowrap">Arrangement</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:0px;white-space:nowrap">The&#160;Fund&#160;has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:1160.68px;white-space:nowrap">entered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:1821.18px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:2161.41px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:2411.63px;white-space:nowrap">arrangement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:3482.23px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:3852.33px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:4082.34px;white-space:nowrap">custodian </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:4902.89px;white-space:nowrap">whereby </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:5633.26px;white-space:nowrap">credits </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:6213.43px;white-space:nowrap">realized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:6893.79px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:7133.91px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:7284.02px;white-space:nowrap">result </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:7774.19px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:7974.32px;white-space:nowrap">uninvested </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:8894.97px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4537.23px;left:9325.2px;white-space:nowrap">balances </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:0px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:310.17px;white-space:nowrap">used </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:750.5px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:950.63px;white-space:nowrap">reduce </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:1551.01px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:1701.12px;white-space:nowrap">portion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:2301.5px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:2501.63px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:2801.87px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:3386.51px;white-space:nowrap">custodian </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:4207.06px;white-space:nowrap">expenses. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:5077.62px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:5657.87px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:5958.11px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:6358.27px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:6898.89px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:7509.29px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:7809.52px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:8309.97px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:8610.21px;white-space:nowrap">custodian </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4787.23px;left:9430.75px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5037.23px;left:0px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5037.23px;left:440.16px;white-space:nowrap">reduced </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5037.23px;left:1140.64px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5037.23px;left:1380.76px;white-space:nowrap">noted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5037.23px;left:1881.21px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5037.23px;left:2071.32px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5037.23px;left:2371.55px;white-space:nowrap">Statement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5037.23px;left:3242.02px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5037.23px;left:3442.15px;white-space:nowrap">Operations.&#160;</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5620.29px;left:0px;letter-spacing:-0.89px;white-space:nowrap">6. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5620.29px;left:210.36px;letter-spacing:-3.43px;white-space:nowrap">Income </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:5620.29px;left:938.13px;letter-spacing:-6.17px;white-space:nowrap">Taxes</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5988.03px;left:0px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5988.03px;left:580.25px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5988.03px;left:880.49px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5988.03px;left:1280.65px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5988.03px;left:1821.27px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5988.03px;left:2431.67px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5988.03px;left:2731.9px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5988.03px;left:3232.35px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5988.03px;left:3532.59px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5988.03px;left:3992.87px;white-space:nowrap">utilized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5988.03px;left:4603.18px;white-space:nowrap">$1,888,428 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5988.03px;left:5554.07px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5988.03px;left:5754.2px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5988.03px;left:6324.52px;white-space:nowrap">loss </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5988.03px;left:6694.63px;white-space:nowrap">carryforwards.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:360.18px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:650.3px;white-space:nowrap">character </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:1450.63px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:1650.76px;white-space:nowrap">distributions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:2661.24px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:3051.56px;white-space:nowrap">during </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:3601.93px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:3902.17px;white-space:nowrap">years </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:4392.33px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:4932.95px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:5543.35px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:5843.58px;white-space:nowrap">2021 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:6294.02px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:6644.36px;white-space:nowrap">2020, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:7144.8px;white-space:nowrap">was </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:7514.91px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6418.03px;left:7755.03px;white-space:nowrap">follows:</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:0px;white-space:nowrap">At </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:210.15px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:820.55px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:1120.78px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:1621.23px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:1921.46px;white-space:nowrap">cost </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:2301.59px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:2501.72px;white-space:nowrap">investments, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:3562.12px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:3862.35px;white-space:nowrap">unrealized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:4742.93px;white-space:nowrap">appreciation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:5773.62px;white-space:nowrap">(depreciation) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:6924.2px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:7274.53px;white-space:nowrap">undistributed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:8355.23px;white-space:nowrap">ordinary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:9055.55px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8264.87px;left:9685.81px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8514.87px;left:0px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8514.87px;left:630.26px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8514.87px;left:920.39px;white-space:nowrap">purposes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8514.87px;left:1710.88px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8514.87px;left:2151.04px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8514.87px;left:2391.15px;white-space:nowrap">follows:</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:0px;letter-spacing:-0.27px;white-space:nowrap">Differences </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:957.13px;white-space:nowrap">between </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:1687.68px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:2317.94px;white-space:nowrap">and/or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:2878.33px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:3448.65px;white-space:nowrap">gains </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:3928.97px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:4169.09px;white-space:nowrap">determined </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:5119.63px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:5369.85px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:5519.97px;white-space:nowrap">book </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:5960.3px;white-space:nowrap">basis </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:6430.52px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:6780.85px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:6930.97px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:7221.09px;white-space:nowrap">basis </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:7691.31px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:8001.47px;white-space:nowrap">primarily </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:8731.49px;white-space:nowrap">due </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:9081.83px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11118.36px;left:9281.95px;letter-spacing:-0.33px;white-space:nowrap">differing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11368.36px;left:0px;white-space:nowrap">treatment</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11368.36px;left:760.34px;white-space:nowrap">s</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11368.36px;left:900.35px;white-space:nowrap">of</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11368.36px;left:1100.48px;white-space:nowrap">paydown</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11368.36px;left:1871.02px;white-space:nowrap">losses </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11368.36px;left:2431.23px;white-space:nowrap">and</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11368.36px;left:2781.56px;white-space:nowrap">bond </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11368.36px;left:3232px;white-space:nowrap">discounts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11368.36px;left:4042.44px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11368.36px;left:4392.77px;white-space:nowrap">premiums</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11368.36px;left:5182.91px;white-space:nowrap">.</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1587.95px;left:1724.13px;white-space:nowrap">&#160;&#160;&#160;&#160;aa</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1203.95px;left:2527.98px;letter-spacing:-1.2px;white-space:nowrap">Value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1203.95px;left:2907.36px;white-space:nowrap">at</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1395.95px;left:2382.59px;white-space:nowrap">Beginning</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1587.95px;left:2588.69px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1587.95px;left:2746.73px;letter-spacing:-1.8px;white-space:nowrap">Year</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1587.95px;left:3454.33px;white-space:nowrap">Purchases</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1587.95px;left:4912.11px;white-space:nowrap">Sales</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1395.95px;left:5402.45px;white-space:nowrap">Realized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1395.95px;left:5971.28px;white-space:nowrap">Gain </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1587.95px;left:5869.41px;white-space:nowrap">(Loss)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:819.95px;left:6542.09px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:819.95px;left:6789.91px;white-space:nowrap">Change</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1011.95px;left:7154.36px;white-space:nowrap">in</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1203.95px;left:6607.48px;white-space:nowrap">Unrealized </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1395.95px;left:6469.12px;white-space:nowrap">Appreciation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1587.95px;left:6388.97px;white-space:nowrap">(Depreciation)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1203.95px;left:7864.11px;letter-spacing:-1.44px;white-space:nowrap">Value</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1395.95px;left:7806.06px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1395.95px;left:7959.19px;white-space:nowrap">End</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1587.95px;left:7771.69px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1587.95px;left:7929.73px;letter-spacing:-1.8px;white-space:nowrap">Year</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1011.95px;left:8487.06px;white-space:nowrap">Number </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1011.95px;left:9019.17px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1203.95px;left:8384.64px;white-space:nowrap">Shares </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1203.95px;left:8858.7px;white-space:nowrap">Held </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1395.95px;left:8742.06px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1395.95px;left:8895.19px;white-space:nowrap">End</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1587.95px;left:8707.69px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1587.95px;left:8865.73px;letter-spacing:-1.8px;white-space:nowrap">Year</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1395.95px;left:9386.34px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1587.95px;left:9619.63px;white-space:nowrap">Income</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1836.51px;left:0px;white-space:nowrap">a&#160;&#160;&#160;&#160;&#160;&#160;</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1836.51px;left:3019.44px;letter-spacing:-1.52px;white-space:nowrap">a&#160;&#160;</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1836.51px;left:4113.44px;letter-spacing:-1.14px;white-space:nowrap">a&#160;&#160; </div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1836.51px;left:6258.44px;letter-spacing:-1.14px;white-space:nowrap">a&#160;&#160; </div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1836.51px;left:7266.44px;letter-spacing:-1.14px;white-space:nowrap">a&#160;&#160; </div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1836.51px;left:8202.44px;letter-spacing:-1.52px;white-space:nowrap">a&#160;&#160;</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1836.51px;left:9138.44px;letter-spacing:-1.52px;white-space:nowrap">a&#160;&#160;</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1836.51px;left:10074.44px;letter-spacing:-1.52px;white-space:nowrap">a&#160;&#160;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1935.72px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1935.72px;left:546.88px;white-space:nowrap">Universal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1935.72px;left:1174.06px;letter-spacing:-1.03px;white-space:nowrap">Trust </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:1935.72px;left:1531.33px;white-space:nowrap">(continued)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2196.2px;left:0px;white-space:nowrap">Non-Controlled </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:2196.2px;left:986.33px;text-rendering:optimizeLegibility;white-space:nowrap">Affiliates</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2424.69px;left:9349.78px;white-space:nowrap">Income </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2424.69px;left:9816.58px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2616.69px;left:9524.78px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2808.69px;left:9685.02px;white-space:nowrap">loaned</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3069.17px;left:0px;white-space:nowrap">Institutional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3069.17px;left:700.31px;white-space:nowrap">Fiduciary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3069.17px;left:1266.8px;letter-spacing:-0.79px;white-space:nowrap">Trust </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3069.17px;left:1597.42px;white-space:nowrap">- </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3261.17px;left:0px;white-space:nowrap">Money </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3261.17px;left:430.31px;white-space:nowrap">Market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3261.17px;left:867.81px;white-space:nowrap">Portfolio, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3261.17px;left:1422.11px;white-space:nowrap">0.01%</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3261.17px;left:1794.33px;letter-spacing:49.87px;white-space:nowrap">..</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3261.17px;left:2819.86px;white-space:nowrap">$&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3261.17px;left:3461.28px;white-space:nowrap">$6,381,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3261.17px;left:4510.94px;white-space:nowrap">$(6,335,000)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3261.17px;left:6058.86px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3261.17px;left:6131.83px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3261.17px;left:7066.86px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3261.17px;left:7139.83px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3261.17px;left:7732.7px;white-space:nowrap">$46,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3261.17px;left:8694.67px;white-space:nowrap">46,000</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3261.17px;left:9860.09px;white-space:nowrap">$25</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3521.66px;left:0px;letter-spacing:-1.6px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3521.66px;left:335.55px;text-rendering:optimizeLegibility;white-space:nowrap">Affiliated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3521.66px;left:933.28px;white-space:nowrap">Securities</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:3521.66px;left:1623.44px;letter-spacing:49.41px;white-space:nowrap">....</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3521.66px;left:2367.28px;white-space:nowrap">$5,235,951</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3521.66px;left:3388.31px;white-space:nowrap">$80,690,320</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3521.66px;left:4437.97px;white-space:nowrap">$(79,204,693)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3521.66px;left:6058.86px;white-space:nowrap">$&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3521.66px;left:7066.86px;white-space:nowrap">$&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3521.66px;left:7550.28px;white-space:nowrap">$6,721,578</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3521.66px;left:9787.13px;white-space:nowrap">$379</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6883.44px;left:7526.03px;white-space:nowrap">2021</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6883.44px;left:9110.03px;white-space:nowrap">2020</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7193.38px;left:0px;white-space:nowrap">Distributions </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7193.38px;left:924.77px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7193.38px;left:1271.72px;white-space:nowrap">from:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7453.87px;left:144px;white-space:nowrap">Ordinary </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7453.87px;left:801.97px;white-space:nowrap">income</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7453.87px;left:1401.2px;letter-spacing:49.72px;white-space:nowrap">..........................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7453.87px;left:7606.23px;white-space:nowrap">$10,706,188</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7453.87px;left:9279.22px;white-space:nowrap">$9,683,318</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7714.35px;left:7606.23px;white-space:nowrap">$10,706,188</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7714.35px;left:9279.22px;white-space:nowrap">$9,683,318</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8948.29px;left:0px;white-space:nowrap">Cost </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8948.29px;left:373.44px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8948.29px;left:551.33px;white-space:nowrap">investments</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8948.29px;left:1494.61px;letter-spacing:49.5px;white-space:nowrap">..........................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8948.29px;left:9101.25px;white-space:nowrap">$229,605,345</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9354.23px;left:0px;white-space:nowrap">Unrealized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9354.23px;left:809.3px;white-space:nowrap">appreciation</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9354.23px;left:1681.44px;letter-spacing:49.51px;white-space:nowrap">........................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9354.23px;left:9190.23px;white-space:nowrap">$67,310,752</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9614.72px;left:0px;white-space:nowrap">Unrealized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9614.72px;left:809.3px;white-space:nowrap">depreciation</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9614.72px;left:1681.44px;letter-spacing:49.51px;white-space:nowrap">........................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9614.72px;left:9261.64px;white-space:nowrap">(9,407,675)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9875.2px;left:0px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9875.2px;left:293.44px;white-space:nowrap">unrealized </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9875.2px;left:1076.17px;white-space:nowrap">appreciation </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9875.2px;left:1992.34px;white-space:nowrap">(depreciation)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9875.2px;left:2989.22px;letter-spacing:49.65px;white-space:nowrap">..........................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9875.2px;left:9190.23px;white-space:nowrap">$57,903,077</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10294.25px;left:0px;white-space:nowrap">Distributable </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10294.25px;left:933.75px;white-space:nowrap">earnings:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10554.73px;left:0px;white-space:nowrap">Undistributed </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10554.73px;left:987.19px;white-space:nowrap">ordinary </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10554.73px;left:1609.69px;white-space:nowrap">income</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10554.73px;left:2148.5px;letter-spacing:49.55px;white-space:nowrap">...................................................................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10554.73px;left:9279.22px;white-space:nowrap">$3,181,144</div></div>
		</div>
		<div style="height:42px;left:54px;position:absolute;top:121px;width:503px">
			<div style="width:10080px;height:578px;position:absolute;top:3.9px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">


			<div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-0.89px;white-space:nowrap">4. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:210.36px;letter-spacing:-4.54px;white-space:nowrap">Transactions </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1447.72px;letter-spacing:-3.2px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1875.77px;text-rendering:optimizeLegibility;letter-spacing:-3.6px;white-space:nowrap">Affiliates</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10.14px;left:2725.65px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:417.54px;left:0px;white-space:nowrap">c. </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:417.54px;left:211.25px;white-space:nowrap">Investments </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:417.54px;left:1372.77px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:417.54px;left:1587.35px;text-rendering:optimizeLegibility;white-space:nowrap">Affiliated </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:417.54px;left:2452.93px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:417.54px;left:3667.06px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:190px;font-weight:bold;position:absolute;top:417.54px;left:4722.91px;white-space:nowrap">Companies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:442.94px;left:5799.82px;white-space:nowrap">(continued)</div></div>
		</div>


</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:928.8px;width:712.8px;transform-origin:top left;transform:scale(1.2,1.2)"><div style="position:absolute;top:0px;left:0px;width:594px;height:774px">
		<div style="height:50px;left:36px;position:absolute;top:32px;width:503px">
			<div style="width:10080px;height:912px;position:absolute;top:3.86px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">


			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.67px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:793.16px;letter-spacing:10.32px;white-space:nowrap">Universal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1686.13px;letter-spacing:9.15px;white-space:nowrap">Trust</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:0px;letter-spacing:10px;white-space:nowrap">Notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:558.17px;letter-spacing:7.24px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:810.66px;letter-spacing:10.32px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:1647.53px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
		</div>
		<div style="background-color:transparent;height:1px;left:36px;position:absolute;top:744px;width:504px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMElEQVR4Xu3KIREAMAwAsVdb/xImoaw3EBCWqgEAAAAAAAAA+MwaAAAAAAAAAABOPTnTicuMWE6aAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="height:17px;left:36px;position:absolute;top:744px;width:35px">
			<div style="width:717px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">32</div></div>
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		<div style="background-color:transparent;height:13px;left:66px;position:absolute;top:745px;width:1px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="height:17px;left:405px;position:absolute;top:744px;width:135px">
			<div style="width:2700px;height:254px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
		</div>
		<div style="height:17px;left:80px;position:absolute;top:744px;width:324px">
			<div style="width:6492px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div></div>
		</div>
		<div style="height:13px;left:72px;position:absolute;top:745px;width:9px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="height:51px;left:36px;position:absolute;top:74px;width:504px">
			<div style="width:10080px;height:866px;position:absolute;top:7.44px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			</div>
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		<div style="background-image:url(data:image/png;base64,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			<div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-2.67px;white-space:nowrap">7. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:210.36px;letter-spacing:-3.64px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1277.79px;letter-spacing:-4.59px;white-space:nowrap">Transactions</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:0px;white-space:nowrap">Purchases </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:900.44px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:1250.77px;white-space:nowrap">sales </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:1720.99px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:1921.11px;white-space:nowrap">investments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:2931.5px;white-space:nowrap">(excluding </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:3801.97px;white-space:nowrap">short </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:4252.15px;white-space:nowrap">term </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:4662.16px;white-space:nowrap">securities) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:5532.36px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:5792.43px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:6092.67px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:6492.83px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:7033.45px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:7643.85px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:7944.08px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:8444.53px;white-space:nowrap">aggregated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:0px;white-space:nowrap">$99,959,203 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:1051px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:1401.33px;white-space:nowrap">$101,961,343, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:2602.44px;letter-spacing:-1.03px;white-space:nowrap">respectively.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:0px;white-space:nowrap">At </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:210.15px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:820.55px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:1120.78px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:1621.23px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:1811.34px;white-space:nowrap">connection </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:2731.99px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:3102.1px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:3912.36px;white-space:nowrap">lending </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:4542.89px;white-space:nowrap">transactions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:5613.4px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:5913.63px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:6373.92px;white-space:nowrap">loaned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:6964.45px;white-space:nowrap">equity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:7494.79px;white-space:nowrap">investments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:8505.18px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1024px;left:8855.51px;white-space:nowrap">received </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:0px;white-space:nowrap">$58,148 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:700.66px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:900.79px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:1331.02px;white-space:nowrap">collateral. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:2148.13px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:2508.31px;white-space:nowrap">gross </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:2998.48px;white-space:nowrap">amount </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:3648.87px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:3848.99px;white-space:nowrap">recognized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:4779.58px;white-space:nowrap">liability </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:5369.77px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:5629.83px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:6060.06px;white-space:nowrap">transactions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:7080.56px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:7260.56px;white-space:nowrap">included </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:7981.08px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:8171.19px;white-space:nowrap">payable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:8851.73px;white-space:nowrap">upon </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:9302.17px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:9822.39px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:0px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:810.26px;white-space:nowrap">loaned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:1400.8px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:1590.91px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:1891.14px;white-space:nowrap">Statement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:2761.61px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:2951.81px;white-space:nowrap">Assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:3541.99px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:3892.32px;white-space:nowrap">Liabilities. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:4729.48px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:5089.66px;white-space:nowrap">agreements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:6090.21px;white-space:nowrap">can </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:6430.43px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:6680.65px;white-space:nowrap">terminated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:7581.09px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:7781.22px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1524px;left:8121.45px;white-space:nowrap">time.</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2107.07px;left:0px;letter-spacing:-0.89px;white-space:nowrap">8. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2107.07px;left:210.36px;letter-spacing:-3.67px;white-space:nowrap">Credit&#160;Risk </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2107.07px;left:1273.79px;letter-spacing:-3px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2107.07px;left:1668.92px;letter-spacing:-3.6px;white-space:nowrap">Defaulted </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:2107.07px;left:2595.72px;letter-spacing:-3.6px;white-space:nowrap">Securities</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:0px;white-space:nowrap">At </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:210.15px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:820.55px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:1120.78px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:1621.23px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:1921.46px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:2381.75px;white-space:nowrap">had </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:2732.08px;white-space:nowrap">59.7% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:3292.47px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:3492.6px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:3722.61px;white-space:nowrap">portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:4412.99px;white-space:nowrap">invested </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:5133.43px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:5323.54px;white-space:nowrap">high </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:5713.86px;white-space:nowrap">yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:6134.06px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:6344.12px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:6804.4px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:7614.67px;white-space:nowrap">rated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:8074.95px;white-space:nowrap">below </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:8595.26px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2474.8px;left:9515.65px;white-space:nowrap">grade </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:350.33px;white-space:nowrap">unrated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:1010.83px;white-space:nowrap">securities. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:1867.85px;white-space:nowrap">These </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:2418.13px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:3228.4px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:3618.46px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:3868.68px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:4328.79px;white-space:nowrap">sensitive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:5079.11px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:5279.24px;white-space:nowrap">economic </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:6099.61px;white-space:nowrap">conditions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:6960.15px;white-space:nowrap">causing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:7630.58px;white-space:nowrap">greater </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:8250.91px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:8691.06px;white-space:nowrap">volatility </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:9381.27px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2724.8px;left:9731.6px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2974.8px;left:0px;white-space:nowrap">potentially </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2974.8px;left:860.54px;white-space:nowrap">subject </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2974.8px;left:1480.87px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2974.8px;left:1681px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2974.8px;left:1831.11px;white-space:nowrap">greater </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2974.8px;left:2451.45px;white-space:nowrap">risk </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2974.8px;left:2781.39px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2974.8px;left:2981.51px;white-space:nowrap">loss </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2974.8px;left:3351.62px;white-space:nowrap">due </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2974.8px;left:3701.95px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2974.8px;left:3902.08px;white-space:nowrap">default </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2974.8px;left:4492.53px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2974.8px;left:4892.87px;white-space:nowrap">higher </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2974.8px;left:5443.24px;white-space:nowrap">rated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2974.8px;left:5903.53px;white-space:nowrap">securities.&#160;</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:820.46px;white-space:nowrap">held </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:1210.78px;white-space:nowrap">defaulted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:2001.45px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:2811.71px;white-space:nowrap">and/or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:3372.1px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:3832.38px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:4642.65px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:4902.71px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:5412.92px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:5713.15px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:6343.42px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:6683.64px;white-space:nowrap">been </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:7134.08px;white-space:nowrap">deemed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:7834.57px;white-space:nowrap">uncollectible. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:8915.27px;white-space:nowrap">At </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3404.8px;left:9125.42px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:0px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:300.23px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:800.68px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:1100.92px;white-space:nowrap">aggregate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:1961.63px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:2441.95px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:2642.08px;white-space:nowrap">these </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:3132.42px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:3942.69px;white-space:nowrap">represents </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:4843.13px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:5213.23px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:5613.57px;white-space:nowrap">0.1% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:6073.86px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:6273.98px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:6574.22px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:7158.87px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:7459.1px;white-space:nowrap">assets. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:8076.09px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:8436.27px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3654.8px;left:8896.55px;white-space:nowrap">discontinues </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:0px;white-space:nowrap">accruing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:730.37px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:1360.63px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:1610.86px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:2421.12px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:2681.19px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:3191.4px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:3821.66px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:4161.88px;white-space:nowrap">been </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:4612.32px;white-space:nowrap">deemed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:5312.81px;white-space:nowrap">uncollectible </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:6353.44px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:6703.77px;white-space:nowrap">provides </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:7434.14px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:7684.37px;white-space:nowrap">estimate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:8414.65px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:8674.72px;white-space:nowrap">losses </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:9234.93px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3904.8px;left:9485.16px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4154.8px;left:0px;white-space:nowrap">receivable. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4154.8px;left:917.23px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4154.8px;left:1277.4px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4154.8px;left:2087.67px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4154.8px;left:2528px;white-space:nowrap">been </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4154.8px;left:2978.44px;text-rendering:optimizeLegibility;white-space:nowrap">identified </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4154.8px;left:3748.97px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4154.8px;left:3939.08px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4154.8px;left:4239.32px;white-space:nowrap">accompanying </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4154.8px;left:5450.01px;white-space:nowrap">Statement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4154.8px;left:6320.48px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4154.8px;left:6520.61px;white-space:nowrap">Investments.</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4737.87px;left:0px;letter-spacing:-2.67px;white-space:nowrap">9. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4737.87px;left:210.36px;letter-spacing:-3.33px;white-space:nowrap">Novel </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4737.87px;left:786.56px;letter-spacing:-3.67px;white-space:nowrap">Coronavirus </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:4737.87px;left:1972.15px;letter-spacing:-4px;white-space:nowrap">Pandemic&#160;</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:360.18px;white-space:nowrap">global </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:890.6px;white-space:nowrap">outbreak </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:1641.09px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:1841.22px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:2141.46px;white-space:nowrap">novel </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:2621.78px;white-space:nowrap">coronavirus </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:3602.2px;white-space:nowrap">disease, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:4322.64px;white-space:nowrap">known </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:4892.96px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:5133.08px;white-space:nowrap">COVID-19,&#160;has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:6403.54px;white-space:nowrap">caused </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:7033.97px;white-space:nowrap">adverse </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:7724.36px;letter-spacing:-0.41px;white-space:nowrap">effects </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:8301.36px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:8551.58px;white-space:nowrap">many </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5105.6px;left:9041.75px;white-space:nowrap">companies, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5355.6px;left:0px;white-space:nowrap">sectors, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5355.6px;left:680.19px;white-space:nowrap">nations, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5355.6px;left:1360.63px;white-space:nowrap">regions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5355.6px;left:2001.01px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5355.6px;left:2351.34px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5355.6px;left:2651.57px;white-space:nowrap">markets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5355.6px;left:3341.69px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5355.6px;left:3531.8px;white-space:nowrap">general,&#160;and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5355.6px;left:4582.62px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5355.6px;left:4972.68px;white-space:nowrap">continue&#160;for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5355.6px;left:5963.29px;white-space:nowrap">an&#160;unpredictable&#160;duration. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5355.6px;left:8091.56px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5355.6px;left:8451.74px;letter-spacing:-0.41px;white-space:nowrap">effects </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5355.6px;left:9028.74px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5355.6px;left:9228.87px;white-space:nowrap">this </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:0px;white-space:nowrap">pandemic </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:830.48px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:1220.54px;white-space:nowrap">materially </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:2040.73px;white-space:nowrap">impact </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:2620.9px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:2921.13px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:3401.46px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:3751.79px;white-space:nowrap">performance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:4812.28px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:5012.4px;white-space:nowrap">the&#160;Fund,&#160;its&#160;ability </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:6563.14px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:6763.27px;white-space:nowrap">buy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:7103.5px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:7453.83px;white-space:nowrap">sell </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:7773.93px;white-space:nowrap">fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:8174.27px;white-space:nowrap">investments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5605.6px;left:9184.66px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5855.6px;left:0px;white-space:nowrap">appropriate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5855.6px;left:960.64px;white-space:nowrap">valuations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5855.6px;left:1821.18px;white-space:nowrap">and&#160;its&#160;ability </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5855.6px;left:2911.73px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5855.6px;left:3111.86px;white-space:nowrap">achieve&#160;its&#160;investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5855.6px;left:4932.69px;white-space:nowrap">objectives.</div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6438.67px;left:0px;letter-spacing:-1.2px;white-space:nowrap">10. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6438.67px;left:317.59px;letter-spacing:-3.64px;white-space:nowrap">Restricted </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6438.67px;left:1307.29px;letter-spacing:-3.6px;white-space:nowrap">Securities</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:820.46px;white-space:nowrap">invests </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:1430.68px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:1620.79px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:2431.05px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:2781.3px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:3091.46px;white-space:nowrap">restricted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:3881.69px;white-space:nowrap">under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:4392.07px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:4692.3px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:5522.7px;white-space:nowrap">Act </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:5832.77px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:6032.9px;white-space:nowrap">1933 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:6483.34px;white-space:nowrap">(1933 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:6983.79px;white-space:nowrap">Act). </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:7403.82px;white-space:nowrap">Restricted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:8264.09px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:9074.36px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6806.4px;left:9384.52px;white-space:nowrap">often </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:0px;white-space:nowrap">purchased </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:890.6px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:1080.7px;white-space:nowrap">private </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:1670.98px;white-space:nowrap">placement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:2551.46px;white-space:nowrap">transactions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:3621.97px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:3972.3px;white-space:nowrap">cannot </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:4562.75px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:4812.98px;white-space:nowrap">sold </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:5193.19px;white-space:nowrap">without </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:5813.53px;white-space:nowrap">prior </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:6223.62px;white-space:nowrap">registration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:7164.05px;white-space:nowrap">unless </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:7734.38px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:8034.61px;white-space:nowrap">sale </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:8414.82px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:8594.82px;white-space:nowrap">pursuant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:9345.32px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7056.4px;left:9545.45px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:0px;white-space:nowrap">exemption </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:880.49px;white-space:nowrap">under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:1390.87px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:1691.1px;white-space:nowrap">1933 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:2131.61px;white-space:nowrap">Act. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:2491.7px;white-space:nowrap">Disposal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:3232px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:3432.13px;white-space:nowrap">these </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:3922.47px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:4732.73px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:5122.79px;white-space:nowrap">require </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:5733.11px;white-space:nowrap">greater </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:6353.44px;letter-spacing:-0.46px;white-space:nowrap">effort </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:6810.38px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:7160.71px;white-space:nowrap">expense, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:7941.27px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:8291.6px;white-space:nowrap">prompt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:8901.83px;white-space:nowrap">sale </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:9282.04px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7306.4px;left:9482.17px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:0px;white-space:nowrap">acceptable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:920.65px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:1360.81px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:1750.87px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:2001.09px;text-rendering:optimizeLegibility;white-space:nowrap">difficult. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:2658.08px;white-space:nowrap">The&#160;Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:3478.54px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:3868.59px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:4308.93px;white-space:nowrap">registration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:5249.36px;white-space:nowrap">rights </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:5739.52px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:5999.59px;white-space:nowrap">restricted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:6789.81px;white-space:nowrap">securities. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:7646.84px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:8007.01px;white-space:nowrap">issuer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:8537.17px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:9317.64px;white-space:nowrap">incurs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7556.4px;left:9847.79px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7806.4px;left:0px;white-space:nowrap">registration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7806.4px;left:940.43px;white-space:nowrap">costs. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:0px;white-space:nowrap">At </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:210.15px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:820.55px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:1120.78px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:1621.23px;white-space:nowrap">investments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:2631.62px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:2821.73px;white-space:nowrap">restricted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:3611.95px;white-space:nowrap">securities, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:4472.23px;white-space:nowrap">excluding </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:5282.75px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:6093.02px;white-space:nowrap">exempt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:6733.3px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:7143.31px;white-space:nowrap">registration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:8083.74px;white-space:nowrap">under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:8594.12px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:8894.36px;white-space:nowrap">1933 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8236.4px;left:9334.86px;white-space:nowrap">Act, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8486.4px;left:0px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8486.4px;left:440.16px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8486.4px;left:680.27px;white-space:nowrap">follows:</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8919.82px;left:548.22px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9111.82px;left:557.44px;white-space:nowrap">Amount</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9111.82px;left:1161.73px;white-space:nowrap">*</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9111.82px;left:1728px;white-space:nowrap">Issuer</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8919.82px;left:6256.91px;white-space:nowrap">Acquisition</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9111.82px;left:6781.2px;white-space:nowrap">Date</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9111.82px;left:8212.45px;white-space:nowrap">Cost</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9111.82px;left:9589.95px;letter-spacing:-1.77px;white-space:nowrap">Value</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9459.59px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9459.59px;left:666.8px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9459.59px;left:1431.64px;letter-spacing:-1.77px;white-space:nowrap">Trust</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9702.63px;left:451.2px;letter-spacing:0px;white-space:nowrap">1,571,558</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:9659.28px;left:1676.12px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9702.63px;left:1728px;white-space:nowrap">Goodrich </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9702.63px;left:2421.67px;white-space:nowrap">Petroleum </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9702.63px;left:3195.34px;white-space:nowrap">Corp., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9702.63px;left:3675.5px;white-space:nowrap">144A, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9702.63px;left:4138.08px;white-space:nowrap">PIK, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9702.63px;left:4484.88px;white-space:nowrap">13.5%, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9702.63px;left:5027.45px;white-space:nowrap">5/31/23 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9702.63px;left:5918.16px;white-space:nowrap">3/09/21 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9702.63px;left:6496.44px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9702.63px;left:6594.17px;white-space:nowrap">7/15/21</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9702.63px;left:7839.22px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9702.63px;left:7928.2px;white-space:nowrap">1,571,558</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9702.63px;left:9207.22px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9702.63px;left:9296.2px;white-space:nowrap">1,624,844</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9963.12px;left:1728px;letter-spacing:-1.98px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9963.12px;left:2142.77px;white-space:nowrap">Restricted </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9963.12px;left:2969.72px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9963.12px;left:3779.02px;letter-spacing:-1.7px;white-space:nowrap">(Value </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9963.12px;left:4274.09px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9963.12px;left:4434.09px;white-space:nowrap">0.7% </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9963.12px;left:4843.23px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9963.12px;left:5021.13px;white-space:nowrap">Net </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9963.12px;left:5305.73px;white-space:nowrap">Assets)</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9963.12px;left:5839.17px;letter-spacing:49.32px;white-space:nowrap">..............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9963.12px;left:7839.22px;white-space:nowrap">$1,571,558</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9963.12px;left:9207.22px;white-space:nowrap">$1,624,844</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:10477.96px;left:0px;white-space:nowrap">*</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10473.74px;left:79.75px;white-space:nowrap">In </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10473.74px;left:225.69px;white-space:nowrap">U.S. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10473.74px;left:517.33px;white-space:nowrap">dollars </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10473.74px;left:940.3px;white-space:nowrap">unless </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10473.74px;left:1356.08px;white-space:nowrap">otherwise </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10473.74px;left:1954.05px;white-space:nowrap">indicated.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:10689px;left:0px;white-space:nowrap">a</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:92.55px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:355.13px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:690.68px;white-space:nowrap">also </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:967.86px;white-space:nowrap">invests </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:1412.78px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:1551.38px;white-space:nowrap">unrestricted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:2273.41px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:2864.11px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:3010.05px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:3228.96px;letter-spacing:-0.9px;white-space:nowrap">issuer, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:3644.74px;white-space:nowrap">valued </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:4067.86px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:4213.8px;white-space:nowrap">$314,909 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:4797.55px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:4972.63px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:5111.38px;white-space:nowrap">August </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:5556.38px;white-space:nowrap">31, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:10684.78px;left:5775.28px;white-space:nowrap">2021.</div></div>
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</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:928.8px;width:712.8px;transform-origin:top left;transform:scale(1.2,1.2)"><div style="position:absolute;top:0px;left:0px;width:594px;height:774px">
		<div style="height:50px;left:54px;position:absolute;top:32px;width:504px">
			<div style="width:10080px;height:912px;position:absolute;top:3.86px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">


			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7910.95px;letter-spacing:10.67px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8704.11px;letter-spacing:10.32px;white-space:nowrap">Universal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9597.08px;letter-spacing:9.15px;white-space:nowrap">Trust</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:7461.73px;letter-spacing:10px;white-space:nowrap">Notes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8019.91px;letter-spacing:7.24px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8272.39px;letter-spacing:10.32px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:9109.27px;letter-spacing:8.88px;white-space:nowrap">Statements</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-2.3px;white-space:nowrap">11. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:306.56px;letter-spacing:-3.2px;white-space:nowrap">Fair </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:708.92px;letter-spacing:-5.17px;white-space:nowrap">Value </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1263.05px;letter-spacing:-3.38px;white-space:nowrap">Measurements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:820.46px;white-space:nowrap">follows </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:1420.66px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:1570.78px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:1870.84px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:2351.16px;white-space:nowrap">hierarchy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:3141.47px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:3491.72px;white-space:nowrap">distinguishes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:4582.35px;white-space:nowrap">between </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:5312.9px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:5913.02px;white-space:nowrap">data </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:6313.36px;white-space:nowrap">obtained </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:7054.01px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:7464.02px;white-space:nowrap">independent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:8505px;white-space:nowrap">sources </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:0px;white-space:nowrap">(observable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:990.53px;white-space:nowrap">inputs) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:1580.8px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:1931.13px;white-space:nowrap">the&#160;Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:2816.02px;white-space:nowrap">own </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:3196.23px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:3796.35px;white-space:nowrap">assumptions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:4856.84px;white-space:nowrap">(unobservable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:6047.58px;white-space:nowrap">inputs). </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:6684.61px;white-space:nowrap">These </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:7234.89px;white-space:nowrap">inputs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:7765.22px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:8075.39px;white-space:nowrap">used </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:8515.72px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:8705.83px;white-space:nowrap">determining </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:9696.36px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:0px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:480.32px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:680.45px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:980.68px;text-rendering:optimizeLegibility;white-space:nowrap">Fund&#39;s&#160;financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:2275.75px;white-space:nowrap">instruments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:3256.08px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:3606.42px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:3916.58px;white-space:nowrap">summarized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:4946.84px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:5136.94px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:5437.18px;white-space:nowrap">following </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:6187.59px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:6487.65px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844px;left:6967.97px;white-space:nowrap">hierarchy:</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:604.8px;white-space:nowrap">Level </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:1085.12px;white-space:nowrap">1 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:1235.24px;white-space:nowrap">&#8211; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:1385.36px;white-space:nowrap">quoted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:1985.91px;white-space:nowrap">prices </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:2516.07px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:2706.18px;white-space:nowrap">active </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:3226.4px;white-space:nowrap">markets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:3916.52px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:4176.59px;white-space:nowrap">identical </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:4887.01px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1274px;left:5597.43px;white-space:nowrap">instruments</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:604.8px;white-space:nowrap">Level </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:1085.12px;white-space:nowrap">2 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:1235.24px;white-space:nowrap">&#8211; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:1385.36px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:1845.64px;text-rendering:optimizeLegibility;white-space:nowrap">significant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:2696.07px;white-space:nowrap">observable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:3626.66px;white-space:nowrap">inputs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:4156.99px;white-space:nowrap">(including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:4977.45px;white-space:nowrap">quoted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:5578px;white-space:nowrap">prices </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:6108.16px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:6368.23px;white-space:nowrap">similar </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:6938.2px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:7648.62px;white-space:nowrap">instruments, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:8678.96px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1704px;left:9319.24px;white-space:nowrap">rates, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1954px;left:604.8px;white-space:nowrap">prepayment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1954px;left:1605.35px;white-space:nowrap">speed, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1954px;left:2195.8px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1954px;left:2685.96px;white-space:nowrap">risk, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1954px;left:3065.91px;white-space:nowrap">etc.)</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:604.8px;white-space:nowrap">Level </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:1085.12px;white-space:nowrap">3 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:1235.24px;white-space:nowrap">&#8211; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:1385.36px;text-rendering:optimizeLegibility;white-space:nowrap">significant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:2235.79px;white-space:nowrap">unobservable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:3366.59px;white-space:nowrap">inputs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:3896.92px;white-space:nowrap">(including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:4717.38px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:5017.61px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:5602.26px;white-space:nowrap">own </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:5982.48px;white-space:nowrap">assumptions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:7042.96px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:7233.07px;white-space:nowrap">determining </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:8223.6px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:8523.83px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:8823.89px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2384px;left:9304.21px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2634px;left:604.8px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2634px;left:1315.22px;white-space:nowrap">instruments)</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:360.18px;white-space:nowrap">input </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:800.51px;white-space:nowrap">levels </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:1310.71px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:1620.88px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:1921.11px;white-space:nowrap">necessarily </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:2871.47px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:3121.7px;white-space:nowrap">indication </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:3932.23px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:4132.35px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:4432.59px;white-space:nowrap">risk </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:4762.53px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:4972.59px;white-space:nowrap">liquidity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:5622.89px;white-space:nowrap">associated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:6533.44px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:6903.54px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:7613.96px;white-space:nowrap">instruments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:8594.3px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:8794.42px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3064px;left:9144.67px;white-space:nowrap">level.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:0px;letter-spacing:-4.97px;white-space:nowrap">A </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:160.14px;white-space:nowrap">summary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:950.19px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:1150.31px;white-space:nowrap">inputs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:1680.64px;white-space:nowrap">used </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:2120.98px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:2361.09px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:2551.29px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:3161.69px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:3461.92px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:3962.37px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:4152.48px;white-space:nowrap">valuing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:4772.9px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:5073.13px;white-space:nowrap">Fund&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:5657.78px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:6228.02px;white-space:nowrap">carried </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:6828.22px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:7028.35px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:7328.41px;white-space:nowrap">value, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:7858.74px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:8038.74px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3494px;left:8278.86px;white-space:nowrap">follows: </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3941.98px;left:4785.42px;white-space:nowrap">Level </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3941.98px;left:5239.02px;white-space:nowrap">1</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3941.98px;left:6369.42px;white-space:nowrap">Level </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3941.98px;left:6823.02px;white-space:nowrap">2</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3941.98px;left:7953.42px;white-space:nowrap">Level </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3941.98px;left:8407.02px;white-space:nowrap">3</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3941.98px;left:9709.69px;letter-spacing:-2.37px;white-space:nowrap">Total</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4272.31px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4272.31px;left:666.8px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4272.31px;left:1431.64px;letter-spacing:-1.77px;white-space:nowrap">Trust</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4483.35px;left:0px;white-space:nowrap">Assets:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4679.84px;left:144px;white-space:nowrap">Investments </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4679.84px;left:1051.03px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4679.84px;left:1220.02px;white-space:nowrap">Securities:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4876.32px;left:288px;white-space:nowrap">Common </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4876.32px;left:981.52px;white-space:nowrap">Stocks</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4876.32px;left:1461.67px;white-space:nowrap">:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.8px;left:432px;white-space:nowrap">Electric </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.8px;left:1000.98px;white-space:nowrap">Utilities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.8px;left:1588.02px;letter-spacing:49.34px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.8px;left:4438.23px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.8px;left:4527.22px;white-space:nowrap">53,032,510</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.8px;left:6663.02px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.8px;left:6752px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.8px;left:8247.02px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.8px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.8px;left:9190.23px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5072.8px;left:9279.22px;white-space:nowrap">53,032,510</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5269.29px;left:432px;white-space:nowrap">Machinery </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5269.29px;left:1214.5px;letter-spacing:49.29px;white-space:nowrap">............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5269.29px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5269.29px;left:6333.64px;white-space:nowrap">483,750</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5269.29px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5269.29px;left:9501.64px;white-space:nowrap">483,750</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5465.77px;left:432px;white-space:nowrap">Metals </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5465.77px;left:947.7px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5465.77px;left:1098.88px;white-space:nowrap">Mining </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5465.77px;left:1681.44px;letter-spacing:49.36px;white-space:nowrap">.......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5465.77px;left:4616.2px;white-space:nowrap">4,618,468</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5465.77px;left:6752px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5465.77px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5465.77px;left:9368.2px;white-space:nowrap">4,618,468</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.26px;left:432px;white-space:nowrap">Multi-Utilities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.26px;left:1401.2px;letter-spacing:49.31px;white-space:nowrap">..........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.26px;left:4527.22px;white-space:nowrap">34,331,100</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.26px;left:6752px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.26px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5662.26px;left:9279.22px;white-space:nowrap">34,331,100</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5858.74px;left:432px;white-space:nowrap">Oil, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5858.74px;left:716.45px;white-space:nowrap">Gas </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5858.74px;left:1054.34px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5858.74px;left:1205.52px;white-space:nowrap">Consumable </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5858.74px;left:2148.25px;white-space:nowrap">Fuels </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5858.74px;left:2615.57px;letter-spacing:49.66px;white-space:nowrap">.............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5858.74px;left:4616.2px;white-space:nowrap">3,316,928</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5858.74px;left:6752px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5858.74px;left:8095.61px;white-space:nowrap">1,302</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5858.74px;left:9368.2px;white-space:nowrap">3,318,230</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.23px;left:288px;white-space:nowrap">Preferred </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.23px;left:999.41px;white-space:nowrap">Stocks </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.23px;left:1588.02px;letter-spacing:49.34px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.23px;left:4749.64px;white-space:nowrap">687,775</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.23px;left:6752px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.23px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6055.23px;left:9501.64px;white-space:nowrap">687,775</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6251.71px;left:288px;letter-spacing:-0.74px;white-space:nowrap">Warrants</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6251.71px;left:931.05px;white-space:nowrap">:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6448.2px;left:432px;white-space:nowrap">Oil, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6448.2px;left:716.45px;white-space:nowrap">Gas </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6448.2px;left:1054.34px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6448.2px;left:1205.52px;white-space:nowrap">Consumable </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6448.2px;left:2148.25px;white-space:nowrap">Fuels </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6448.2px;left:2615.57px;letter-spacing:49.66px;white-space:nowrap">.............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6448.2px;left:4838.63px;white-space:nowrap">26,637</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6448.2px;left:6752px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6448.2px;left:8229.05px;white-space:nowrap">125</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6448.2px;left:9590.62px;white-space:nowrap">26,762</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6644.68px;left:432px;white-space:nowrap">Paper </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6644.68px;left:903.41px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6644.68px;left:1054.58px;white-space:nowrap">Forest </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6644.68px;left:1552.47px;white-space:nowrap">Products </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6644.68px;left:2241.91px;letter-spacing:49.5px;white-space:nowrap">.................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6644.68px;left:4927.61px;white-space:nowrap">1,400</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6644.68px;left:6752px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6644.68px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6644.68px;left:9679.61px;white-space:nowrap">1,400</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6841.16px;left:288px;white-space:nowrap">Convertible </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6841.16px;left:1141.75px;white-space:nowrap">Bonds </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6841.16px;left:1681.44px;letter-spacing:49.36px;white-space:nowrap">.......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6841.16px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6841.16px;left:6422.62px;white-space:nowrap">18,510</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6841.16px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6841.16px;left:9590.62px;white-space:nowrap">18,510</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7037.65px;left:288px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7037.65px;left:1043.94px;white-space:nowrap">Bonds</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7037.65px;left:1497.61px;white-space:nowrap">:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.13px;left:432px;white-space:nowrap">Airlines </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.13px;left:1027.54px;letter-spacing:49.26px;white-space:nowrap">..............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.13px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.13px;left:6200.2px;white-space:nowrap">2,269,959</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.13px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7234.13px;left:9368.2px;white-space:nowrap">2,269,959</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7430.62px;left:432px;white-space:nowrap">Auto </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7430.62px;left:805.59px;white-space:nowrap">Components </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7430.62px;left:1774.85px;letter-spacing:49.37px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7430.62px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7430.62px;left:6200.2px;white-space:nowrap">5,506,907</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7430.62px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7430.62px;left:9368.2px;white-space:nowrap">5,506,907</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.1px;left:432px;white-space:nowrap">Automobiles </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.1px;left:1401.2px;letter-spacing:49.31px;white-space:nowrap">..........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.1px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.1px;left:6200.2px;white-space:nowrap">1,288,040</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.1px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.1px;left:9368.2px;white-space:nowrap">1,288,040</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7823.59px;left:432px;white-space:nowrap">Banks </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7823.59px;left:934.13px;letter-spacing:49.25px;white-space:nowrap">...............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7823.59px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7823.59px;left:6333.64px;white-space:nowrap">956,363</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7823.59px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7823.59px;left:9501.64px;white-space:nowrap">956,363</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8020.07px;left:432px;white-space:nowrap">Beverages </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8020.07px;left:1307.78px;letter-spacing:49.3px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8020.07px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8020.07px;left:6333.64px;white-space:nowrap">707,532</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8020.07px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8020.07px;left:9501.64px;white-space:nowrap">707,532</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8216.55px;left:432px;white-space:nowrap">Biotechnology </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8216.55px;left:1494.61px;letter-spacing:49.32px;white-space:nowrap">.........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8216.55px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8216.55px;left:6333.64px;white-space:nowrap">878,684</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8216.55px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8216.55px;left:9501.64px;white-space:nowrap">878,684</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8413.04px;left:432px;white-space:nowrap">Building </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8413.04px;left:1045.75px;white-space:nowrap">Products </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8413.04px;left:1774.85px;letter-spacing:49.37px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8413.04px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8413.04px;left:6200.2px;white-space:nowrap">2,914,520</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8413.04px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8413.04px;left:9368.2px;white-space:nowrap">2,914,520</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8609.52px;left:432px;white-space:nowrap">Chemicals </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8609.52px;left:1307.78px;letter-spacing:49.3px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8609.52px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8609.52px;left:6200.2px;white-space:nowrap">7,087,477</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8609.52px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8609.52px;left:9368.2px;white-space:nowrap">7,087,477</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8806.01px;left:432px;white-space:nowrap">Commercial </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8806.01px;left:1329.89px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8806.01px;left:1987.86px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8806.01px;left:2139.03px;white-space:nowrap">Supplies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8806.01px;left:2802.39px;letter-spacing:49.79px;white-space:nowrap">...........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8806.01px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8806.01px;left:6200.2px;white-space:nowrap">4,918,212</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8806.01px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8806.01px;left:9368.2px;white-space:nowrap">4,918,212</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9002.49px;left:432px;white-space:nowrap">Communications </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9002.49px;left:1668.02px;white-space:nowrap">Equipment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9002.49px;left:2522.15px;letter-spacing:49.61px;white-space:nowrap">..............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9002.49px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9002.49px;left:6200.2px;white-space:nowrap">1,680,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9002.49px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9002.49px;left:9368.2px;white-space:nowrap">1,680,000</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9198.98px;left:432px;white-space:nowrap">Construction </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9198.98px;left:1374.66px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9198.98px;left:1525.83px;white-space:nowrap">Engineering </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9198.98px;left:2428.74px;letter-spacing:49.57px;white-space:nowrap">...............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9198.98px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9198.98px;left:6200.2px;white-space:nowrap">3,919,142</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9198.98px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9198.98px;left:9368.2px;white-space:nowrap">3,919,142</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9395.46px;left:432px;white-space:nowrap">Consumer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9395.46px;left:1214.5px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9395.46px;left:1868.26px;letter-spacing:49.39px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9395.46px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9395.46px;left:6200.2px;white-space:nowrap">2,979,399</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9395.46px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9395.46px;left:9368.2px;white-space:nowrap">2,979,399</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9591.95px;left:432px;white-space:nowrap">Containers </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9591.95px;left:1250.2px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9591.95px;left:1401.38px;white-space:nowrap">Packaging </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9591.95px;left:2241.91px;letter-spacing:49.5px;white-space:nowrap">.................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9591.95px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9591.95px;left:6200.2px;white-space:nowrap">9,368,198</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9591.95px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9591.95px;left:9368.2px;white-space:nowrap">9,368,198</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9788.43px;left:432px;text-rendering:optimizeLegibility;white-space:nowrap">Diversified </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9788.43px;left:1223.33px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9788.43px;left:1908.09px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9788.43px;left:2615.57px;letter-spacing:49.66px;white-space:nowrap">.............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9788.43px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9788.43px;left:6200.2px;white-space:nowrap">1,210,608</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9788.43px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9788.43px;left:9368.2px;white-space:nowrap">1,210,608</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9984.91px;left:432px;text-rendering:optimizeLegibility;white-space:nowrap">Diversified </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9984.91px;left:1220.44px;letter-spacing:-0.99px;white-space:nowrap">Telecommunication </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9984.91px;left:2634.42px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9984.91px;left:3362.87px;letter-spacing:50.78px;white-space:nowrap">.....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9984.91px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9984.91px;left:6200.2px;white-space:nowrap">7,191,993</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9984.91px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9984.91px;left:9368.2px;white-space:nowrap">7,191,993</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10181.4px;left:432px;white-space:nowrap">Electric </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10181.4px;left:1000.98px;white-space:nowrap">Utilities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10181.4px;left:1588.02px;letter-spacing:49.34px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10181.4px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10181.4px;left:6200.2px;white-space:nowrap">1,449,060</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10181.4px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10181.4px;left:9368.2px;white-space:nowrap">1,449,060</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10377.88px;left:432px;white-space:nowrap">Electrical </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10377.88px;left:1125.52px;white-space:nowrap">Equipment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10377.88px;left:1961.68px;letter-spacing:49.42px;white-space:nowrap">....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10377.88px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10377.88px;left:6200.2px;white-space:nowrap">1,036,300</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10377.88px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10377.88px;left:9368.2px;white-space:nowrap">1,036,300</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10574.37px;left:432px;white-space:nowrap">Electronic </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10574.37px;left:1178.95px;white-space:nowrap">Equipment, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10574.37px;left:2032.78px;white-space:nowrap">Instruments </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10574.37px;left:2913.09px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10766.37px;left:576px;white-space:nowrap">Components </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10766.37px;left:1588.02px;letter-spacing:49.34px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10766.37px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10766.37px;left:6333.64px;white-space:nowrap">506,875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10766.37px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10766.37px;left:9501.64px;white-space:nowrap">506,875</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10962.85px;left:432px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10962.85px;left:983.41px;white-space:nowrap">Equipment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10962.85px;left:1792.78px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10962.85px;left:1943.95px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10962.85px;left:2615.57px;letter-spacing:49.66px;white-space:nowrap">.............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10962.85px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10962.85px;left:6200.2px;white-space:nowrap">3,220,651</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10962.85px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10962.85px;left:9368.2px;white-space:nowrap">3,220,651</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11159.34px;left:432px;white-space:nowrap">Entertainment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11159.34px;left:1494.61px;letter-spacing:49.32px;white-space:nowrap">.........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11159.34px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11159.34px;left:6200.2px;white-space:nowrap">2,544,283</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11159.34px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11159.34px;left:9368.2px;white-space:nowrap">2,544,283</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11355.82px;left:432px;white-space:nowrap">Equity </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11355.82px;left:921.14px;white-space:nowrap">Real </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11355.82px;left:1294.66px;white-space:nowrap">Estate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11355.82px;left:1792.7px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11355.82px;left:2616.84px;letter-spacing:-0.85px;white-space:nowrap">Trusts </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11355.82px;left:3099.81px;letter-spacing:-2.22px;white-space:nowrap">(REITs) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11355.82px;left:3736.52px;letter-spacing:58.06px;white-space:nowrap">.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11355.82px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11355.82px;left:6200.2px;white-space:nowrap">3,409,043</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11355.82px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11355.82px;left:9368.2px;white-space:nowrap">3,409,043</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11552.3px;left:432px;white-space:nowrap">Food </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11552.3px;left:841.14px;white-space:nowrap">Products </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11552.3px;left:1588.02px;letter-spacing:49.34px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11552.3px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11552.3px;left:6200.2px;white-space:nowrap">3,087,870</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11552.3px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11552.3px;left:9368.2px;white-space:nowrap">3,087,870</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11748.79px;left:432px;white-space:nowrap">Health </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11748.79px;left:938.95px;white-space:nowrap">Care </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11748.79px;left:1330.2px;white-space:nowrap">Equipment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11748.79px;left:2139.58px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11748.79px;left:2290.75px;white-space:nowrap">Supplies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11748.79px;left:2989.22px;letter-spacing:49.97px;white-space:nowrap">.........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11748.79px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11748.79px;left:6333.64px;white-space:nowrap">191,025</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11748.79px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11748.79px;left:9501.64px;white-space:nowrap">191,025</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div></div>
		</div>
		<div style="height:13px;left:72px;position:absolute;top:745px;width:9px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="height:51px;left:36px;position:absolute;top:74px;width:504px">
			<div style="width:10080px;height:866px;position:absolute;top:7.44px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			</div>
		</div>
		<div 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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:0px;letter-spacing:-4.97px;white-space:nowrap">A </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:160.14px;white-space:nowrap">reconciliation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:1260.7px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:1450.81px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:1961.02px;white-space:nowrap">Level </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:2441.34px;white-space:nowrap">3 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:2591.46px;white-space:nowrap">inputs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:3121.79px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:3431.95px;white-space:nowrap">used </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:3872.29px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:4062.39px;white-space:nowrap">determining </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:5052.92px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:5352.98px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:5833.3px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:6013.3px;white-space:nowrap">presented </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:6863.91px;white-space:nowrap">when </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:7344.23px;white-space:nowrap">there </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:7804.51px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:8114.68px;text-rendering:optimizeLegibility;white-space:nowrap">significant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:8965.11px;white-space:nowrap">Level </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7800.39px;left:9445.43px;white-space:nowrap">3 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:0px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:570.23px;white-space:nowrap">and/or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:1130.63px;white-space:nowrap">liabilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:1860.91px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:2061.04px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:2361.27px;white-space:nowrap">beginning </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:3192.01px;white-space:nowrap">and/or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:3752.4px;white-space:nowrap">end </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:4102.73px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:4302.86px;letter-spacing:-0.45px;white-space:nowrap">the&#160;year. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:5033.41px;white-space:nowrap">At </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:5243.55px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:5853.96px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:6154.19px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:6654.64px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:6954.87px;white-space:nowrap">reconciliation&#160;is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8050.39px;left:8235.44px;white-space:nowrap">as&#160;follows:&#160;</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:400.94px;left:4785.42px;white-space:nowrap">Level </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:400.94px;left:5239.02px;white-space:nowrap">1</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:400.94px;left:6369.42px;white-space:nowrap">Level </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:400.94px;left:6823.02px;white-space:nowrap">2</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:400.94px;left:7953.42px;white-space:nowrap">Level </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:400.94px;left:8407.02px;white-space:nowrap">3</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:400.94px;left:9709.69px;letter-spacing:-2.37px;white-space:nowrap">Total</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:731.26px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:731.26px;left:666.8px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:731.26px;left:1431.64px;letter-spacing:-1.26px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:731.26px;left:1867.27px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:942.31px;left:0px;white-space:nowrap">Assets: </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:942.31px;left:622.5px;white-space:nowrap">(continued)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1138.79px;left:144px;white-space:nowrap">Investments </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1138.79px;left:1051.03px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1138.79px;left:1220.02px;white-space:nowrap">Securities:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1335.28px;left:288px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1335.28px;left:1043.94px;white-space:nowrap">Bonds:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1531.76px;left:432px;white-space:nowrap">Health </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1531.76px;left:938.95px;white-space:nowrap">Care </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1531.76px;left:1330.2px;white-space:nowrap">Providers </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1531.76px;left:2050.44px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1531.76px;left:2201.61px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1531.76px;left:2895.81px;letter-spacing:49.87px;white-space:nowrap">..........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1531.76px;left:5079.02px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1531.76px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1531.76px;left:6111.22px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1531.76px;left:6200.2px;white-space:nowrap">8,882,494</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1531.76px;left:8247.02px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1531.76px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1531.76px;left:9279.22px;white-space:nowrap">$</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1531.76px;left:9368.2px;white-space:nowrap">8,882,494</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1728.24px;left:432px;white-space:nowrap">Hotels, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1728.24px;left:974.42px;white-space:nowrap">Restaurants </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1728.24px;left:1881.53px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1728.24px;left:2032.7px;white-space:nowrap">Leisure </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1728.24px;left:2615.57px;letter-spacing:49.66px;white-space:nowrap">.............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1728.24px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1728.24px;left:6111.22px;white-space:nowrap">16,059,012</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1728.24px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1728.24px;left:9279.22px;white-space:nowrap">16,059,012</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1924.73px;left:432px;white-space:nowrap">Household </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1924.73px;left:1241.45px;white-space:nowrap">Durables </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1924.73px;left:1961.68px;letter-spacing:49.42px;white-space:nowrap">....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1924.73px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1924.73px;left:6200.2px;white-space:nowrap">2,420,960</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1924.73px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1924.73px;left:9368.2px;white-space:nowrap">2,420,960</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2121.21px;left:432px;white-space:nowrap">Independent </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2121.21px;left:1366.22px;white-space:nowrap">Power </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2121.21px;left:1864.19px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2121.21px;left:2175.59px;white-space:nowrap">Renewable </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2121.21px;left:3020.59px;white-space:nowrap">Electricity </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2313.21px;left:576px;white-space:nowrap">Producers </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2313.21px;left:1401.2px;letter-spacing:49.31px;white-space:nowrap">..........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2313.21px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2313.21px;left:6200.2px;white-space:nowrap">7,512,192</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2313.21px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2313.21px;left:9368.2px;white-space:nowrap">7,512,192</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2509.7px;left:432px;white-space:nowrap">Insurance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2509.7px;left:1214.37px;letter-spacing:49.29px;white-space:nowrap">............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2509.7px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2509.7px;left:6200.2px;white-space:nowrap">1,145,375</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2509.7px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2509.7px;left:9368.2px;white-space:nowrap">1,145,375</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2706.18px;left:432px;white-space:nowrap">Internet </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2706.18px;left:1019.03px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2706.18px;left:1170.2px;white-space:nowrap">Direct </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2706.18px;left:1632.47px;white-space:nowrap">Marketing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2706.18px;left:2379.42px;white-space:nowrap">Retail </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2706.18px;left:2895.81px;letter-spacing:49.87px;white-space:nowrap">..........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2706.18px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2706.18px;left:6333.64px;white-space:nowrap">522,725</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2706.18px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2706.18px;left:9501.64px;white-space:nowrap">522,725</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2902.67px;left:432px;letter-spacing:-0.96px;white-space:nowrap">IT </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2902.67px;left:615.75px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2902.67px;left:1307.78px;letter-spacing:49.3px;white-space:nowrap">...........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2902.67px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2902.67px;left:6200.2px;white-space:nowrap">4,131,392</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2902.67px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2902.67px;left:9368.2px;white-space:nowrap">4,131,392</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3099.15px;left:432px;white-space:nowrap">Life </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3099.15px;left:734.42px;white-space:nowrap">Sciences </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3099.15px;left:1425.2px;letter-spacing:-2.96px;white-space:nowrap">Tools </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3099.15px;left:1843.17px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3099.15px;left:1994.34px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3099.15px;left:2708.98px;letter-spacing:49.72px;white-space:nowrap">............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3099.15px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3099.15px;left:6333.64px;white-space:nowrap">206,426</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3099.15px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3099.15px;left:9501.64px;white-space:nowrap">206,426</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3295.63px;left:432px;white-space:nowrap">Machinery </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3295.63px;left:1214.5px;letter-spacing:49.29px;white-space:nowrap">............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3295.63px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3295.63px;left:6200.2px;white-space:nowrap">3,373,749</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3295.63px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3295.63px;left:9368.2px;white-space:nowrap">3,373,749</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3492.12px;left:432px;white-space:nowrap">Media </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3492.12px;left:934.13px;letter-spacing:49.25px;white-space:nowrap">...............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3492.12px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3492.12px;left:6200.2px;white-space:nowrap">9,830,933</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3492.12px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3492.12px;left:9368.2px;white-space:nowrap">9,830,933</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3688.6px;left:432px;white-space:nowrap">Metals </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3688.6px;left:947.7px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3688.6px;left:1098.88px;white-space:nowrap">Mining </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3688.6px;left:1681.44px;letter-spacing:49.36px;white-space:nowrap">.......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3688.6px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3688.6px;left:6200.2px;white-space:nowrap">4,374,929</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3688.6px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3688.6px;left:9368.2px;white-space:nowrap">4,374,929</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3885.09px;left:432px;white-space:nowrap">Mortgage </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3885.09px;left:1152.39px;white-space:nowrap">Real </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3885.09px;left:1525.91px;white-space:nowrap">Estate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3885.09px;left:2023.95px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3885.09px;left:2848.09px;letter-spacing:-0.85px;white-space:nowrap">Trusts </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4077.09px;left:576px;letter-spacing:-2.22px;white-space:nowrap">(REITs) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4077.09px;left:1214.37px;letter-spacing:49.29px;white-space:nowrap">............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4077.09px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4077.09px;left:6333.64px;white-space:nowrap">975,220</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4077.09px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4077.09px;left:9501.64px;white-space:nowrap">975,220</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4273.57px;left:432px;white-space:nowrap">Oil, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4273.57px;left:716.45px;white-space:nowrap">Gas </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4273.57px;left:1054.34px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4273.57px;left:1205.52px;white-space:nowrap">Consumable </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4273.57px;left:2148.25px;white-space:nowrap">Fuels </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4273.57px;left:2615.57px;letter-spacing:49.66px;white-space:nowrap">.............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4273.57px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4273.57px;left:6111.22px;white-space:nowrap">20,530,053</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4273.57px;left:7784.2px;white-space:nowrap">1,624,844</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4273.57px;left:9279.22px;white-space:nowrap">22,154,897</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4470.06px;left:432px;white-space:nowrap">Personal </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4470.06px;left:1107.94px;white-space:nowrap">Products </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4470.06px;left:1868.26px;letter-spacing:49.39px;white-space:nowrap">.....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4470.06px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4470.06px;left:6333.64px;white-space:nowrap">296,636</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4470.06px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4470.06px;left:9501.64px;white-space:nowrap">296,636</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4666.54px;left:432px;white-space:nowrap">Pharmaceuticals </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4666.54px;left:1681.44px;letter-spacing:49.36px;white-space:nowrap">.......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4666.54px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4666.54px;left:6200.2px;white-space:nowrap">6,607,296</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4666.54px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4666.54px;left:9368.2px;white-space:nowrap">6,607,296</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4863.03px;left:432px;white-space:nowrap">Real </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4863.03px;left:805.52px;white-space:nowrap">Estate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4863.03px;left:1303.56px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4863.03px;left:2281.92px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4863.03px;left:2433.09px;white-space:nowrap">Development </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4863.03px;left:3456.29px;letter-spacing:51.24px;white-space:nowrap">....</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4863.03px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4863.03px;left:6200.2px;white-space:nowrap">1,238,008</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4863.03px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4863.03px;left:9368.2px;white-space:nowrap">1,238,008</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5059.51px;left:432px;white-space:nowrap">Road </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5059.51px;left:858.95px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5059.51px;left:1010.13px;white-space:nowrap">Rail </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5059.51px;left:1401.2px;letter-spacing:49.31px;white-space:nowrap">..........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5059.51px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5059.51px;left:6200.2px;white-space:nowrap">1,413,587</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5059.51px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5059.51px;left:9368.2px;white-space:nowrap">1,413,587</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5255.99px;left:432px;white-space:nowrap">Semiconductors </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5255.99px;left:1623.64px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5255.99px;left:1774.81px;white-space:nowrap">Semiconductor </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5255.99px;left:2886.45px;white-space:nowrap">Equipment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5255.99px;left:3736.52px;letter-spacing:58.06px;white-space:nowrap">.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5255.99px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5255.99px;left:6333.64px;white-space:nowrap">746,920</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5255.99px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5255.99px;left:9501.64px;white-space:nowrap">746,920</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5452.48px;left:432px;white-space:nowrap">Software </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5452.48px;left:1120.96px;letter-spacing:49.27px;white-space:nowrap">.............................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5452.48px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5452.48px;left:6200.2px;white-space:nowrap">4,065,454</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5452.48px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5452.48px;left:9368.2px;white-space:nowrap">4,065,454</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5648.96px;left:432px;white-space:nowrap">Specialty </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5648.96px;left:1125.67px;white-space:nowrap">Retail </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5648.96px;left:1588.02px;letter-spacing:49.34px;white-space:nowrap">........................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5648.96px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5648.96px;left:6200.2px;white-space:nowrap">3,953,833</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5648.96px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5648.96px;left:9368.2px;white-space:nowrap">3,953,833</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5845.45px;left:432px;letter-spacing:-1.77px;white-space:nowrap">Textiles, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5845.45px;left:1045.59px;white-space:nowrap">Apparel </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5845.45px;left:1641.53px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5845.45px;left:1792.7px;white-space:nowrap">Luxury </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5845.45px;left:2317.39px;white-space:nowrap">Goods </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5845.45px;left:2895.81px;letter-spacing:49.87px;white-space:nowrap">..........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5845.45px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5845.45px;left:6200.2px;white-space:nowrap">1,062,500</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5845.45px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5845.45px;left:9368.2px;white-space:nowrap">1,062,500</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6041.93px;left:432px;white-space:nowrap">Thrifts </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6041.93px;left:920.91px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6041.93px;left:1072.08px;white-space:nowrap">Mortgage </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6041.93px;left:1792.47px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6041.93px;left:2428.74px;letter-spacing:49.57px;white-space:nowrap">...............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6041.93px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6041.93px;left:6200.2px;white-space:nowrap">1,935,316</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6041.93px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6041.93px;left:9368.2px;white-space:nowrap">1,935,316</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6238.42px;left:432px;letter-spacing:-0.74px;white-space:nowrap">Trading </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6238.42px;left:1013.02px;white-space:nowrap">Companies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6238.42px;left:1866.77px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6238.42px;left:2017.94px;white-space:nowrap">Distributors </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6238.42px;left:2895.81px;letter-spacing:49.87px;white-space:nowrap">..........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6238.42px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6238.42px;left:6200.2px;white-space:nowrap">1,048,646</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6238.42px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6238.42px;left:9368.2px;white-space:nowrap">1,048,646</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6434.9px;left:432px;white-space:nowrap">Wireless </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6434.9px;left:1086.92px;letter-spacing:-0.99px;white-space:nowrap">Telecommunication </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6434.9px;left:2500.91px;white-space:nowrap">Services </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6434.9px;left:3176.05px;letter-spacing:50.26px;white-space:nowrap">.......</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6434.9px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6434.9px;left:6200.2px;white-space:nowrap">3,489,654</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6434.9px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6434.9px;left:9368.2px;white-space:nowrap">3,489,654</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6631.38px;left:288px;white-space:nowrap">Marketplace </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6631.38px;left:1203.94px;white-space:nowrap">Loans </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6631.38px;left:1774.85px;letter-spacing:49.37px;white-space:nowrap">......................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6631.38px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6631.38px;left:6752px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6631.38px;left:7784.2px;white-space:nowrap">3,297,986</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6631.38px;left:9368.2px;white-space:nowrap">3,297,986</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6827.87px;left:288px;white-space:nowrap">Asset-Backed </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6827.87px;left:1319.56px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6827.87px;left:2148.5px;letter-spacing:49.47px;white-space:nowrap">..................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6827.87px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6827.87px;left:6200.2px;white-space:nowrap">5,146,660</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6827.87px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6827.87px;left:9368.2px;white-space:nowrap">5,146,660</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7024.35px;left:288px;white-space:nowrap">Escrows </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7024.35px;left:936.98px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7024.35px;left:1248.39px;white-space:nowrap">Litigation </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7024.35px;left:1930.42px;letter-spacing:-0.99px;white-space:nowrap">Trusts</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7024.35px;left:2428.74px;letter-spacing:49.57px;white-space:nowrap">...............</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7024.35px;left:5168px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7024.35px;left:6422.62px;white-space:nowrap">41,250</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7024.35px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7024.35px;left:9590.62px;white-space:nowrap">41,250</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7220.84px;left:288px;white-space:nowrap">Short </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7220.84px;left:711.98px;letter-spacing:-3.55px;white-space:nowrap">Term </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7220.84px;left:1111.98px;white-space:nowrap">Investments</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7220.84px;left:2055.09px;letter-spacing:49.44px;white-space:nowrap">...................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7220.84px;left:4616.2px;white-space:nowrap">6,721,578</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7220.84px;left:6422.62px;white-space:nowrap">12,148</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7220.84px;left:8336px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7220.84px;left:9368.2px;white-space:nowrap">6,733,726</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7417.32px;left:576px;letter-spacing:-2.96px;white-space:nowrap">Total </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7417.32px;left:958.42px;white-space:nowrap">Investments </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7417.32px;left:1865.45px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7417.32px;left:2034.44px;white-space:nowrap">Securities</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7417.32px;left:2802.39px;letter-spacing:49.79px;white-space:nowrap">...........</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7417.32px;left:4349.25px;white-space:nowrap">$102,736,396</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7417.32px;left:5933.25px;white-space:nowrap">$179,847,769</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7417.32px;left:7695.22px;white-space:nowrap">$4,924,257</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7417.32px;left:9101.25px;white-space:nowrap">$287,508,422</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9418.72px;left:2033.69px;white-space:nowrap">Balance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9418.72px;left:2539.65px;white-space:nowrap">at</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9598.72px;left:1897.39px;white-space:nowrap">Beginning </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9598.72px;left:2532.91px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:2389.06px;letter-spacing:-1.68px;white-space:nowrap">Year</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:2778.93px;white-space:nowrap">Purchases</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:87.4px;font-weight:bold;position:absolute;top:9782.68px;left:3401.12px;white-space:nowrap">a</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:3910.73px;white-space:nowrap">Sales</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:87.4px;font-weight:bold;position:absolute;top:9782.68px;left:4232.19px;white-space:nowrap">b</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9418.72px;left:4625.62px;letter-spacing:-0.84px;white-space:nowrap">Transfer</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9598.72px;left:4885.56px;white-space:nowrap">Into</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:4653.93px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:5002.71px;white-space:nowrap">3</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:87.4px;font-weight:bold;position:absolute;top:9782.68px;left:5071.12px;white-space:nowrap">c</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9418.72px;left:5460.62px;letter-spacing:-0.84px;white-space:nowrap">Transfer</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9598.72px;left:5583.89px;white-space:nowrap">Out </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9598.72px;left:5829.91px;white-space:nowrap">of</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:5485px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:5833.78px;white-space:nowrap">3</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:87.4px;font-weight:bold;position:absolute;top:9782.68px;left:5902.19px;white-space:nowrap">d</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9238.72px;left:6539.88px;white-space:nowrap">Net</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9418.72px;left:6170.74px;white-space:nowrap">Accretion</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9598.72px;left:6129.94px;white-space:nowrap">(</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9598.72px;left:6170.89px;white-space:nowrap">Amortiza</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9598.72px;left:6697.06px;white-space:nowrap">-</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:6471.62px;white-space:nowrap">tion</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:6697.06px;white-space:nowrap">)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9238.72px;left:7374.88px;white-space:nowrap">Net</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9418.72px;left:7073.93px;white-space:nowrap">Realized</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9598.72px;left:7299.51px;white-space:nowrap">Gain</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:7204.01px;white-space:nowrap">(Loss)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9238.72px;left:8209.88px;white-space:nowrap">Net</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9418.72px;left:7785.95px;white-space:nowrap">Unr</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9418.72px;left:7997.7px;white-space:nowrap">ealized</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9598.72px;left:7656.24px;white-space:nowrap">Appreciatio</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9598.72px;left:8332.85px;white-space:nowrap">n</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:7581.1px;white-space:nowrap">(</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:7622.04px;white-space:nowrap">Depreciation</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:8367.06px;white-space:nowrap">)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9418.72px;left:8771.25px;white-space:nowrap">Balance</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9598.72px;left:8867.12px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9598.72px;left:9010.68px;white-space:nowrap">End</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:8834.89px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:8983.06px;letter-spacing:-1.68px;white-space:nowrap">Year</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:8698.72px;left:9251.1px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:8698.72px;left:9483.42px;white-space:nowrap">Change </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:8698.72px;left:9968.65px;white-space:nowrap">in</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:8878.72px;left:9455.95px;white-space:nowrap">Unrealized</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9058.72px;left:9326.24px;white-space:nowrap">Appreciation</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9238.72px;left:9251.1px;white-space:nowrap">(Depreciation)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9418.72px;left:9494.63px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9418.72px;left:9674.66px;white-space:nowrap">Assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9598.72px;left:9667.92px;white-space:nowrap">Held </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9598.72px;left:9968.65px;white-space:nowrap">at</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:9551.54px;letter-spacing:-1.68px;white-space:nowrap">Year</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:9778.72px;left:9845.68px;white-space:nowrap">End</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10018.66px;left:1795.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10018.66px;left:2644.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10018.66px;left:3436.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10018.66px;left:4271.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10018.66px;left:5106.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10018.66px;left:5941.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10018.66px;left:6733.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10018.66px;left:7568.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10018.66px;left:8403.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10018.66px;left:9238.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:10018.66px;left:10073.44px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10088.29px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10088.29px;left:666.8px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10088.29px;left:1431.64px;letter-spacing:-1.77px;white-space:nowrap">Trust</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:10283.69px;left:0px;white-space:nowrap">Assets:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10472.9px;left:144px;white-space:nowrap">Investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10472.9px;left:841.49px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10472.9px;left:971.42px;white-space:nowrap">Securities:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10662.1px;left:288px;white-space:nowrap">Common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10662.1px;left:821.13px;white-space:nowrap">Stocks</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10662.1px;left:1190.34px;white-space:nowrap">:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:432px;white-space:nowrap">Machinery</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:999.41px;letter-spacing:49.34px;white-space:nowrap">.........</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:2135.94px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:2204.35px;white-space:nowrap">158,851</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:3249.62px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:3318.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:4084.62px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:4153.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:4919.62px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:4988.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:5351.05px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:5419.46px;white-space:nowrap">(158,851)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:6546.62px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:6615.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:7381.62px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:7450.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:8216.62px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:8285.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:9051.62px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:9120.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:9886.62px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:10851.3px;left:9955.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11040.51px;left:432px;white-space:nowrap">Oil, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11040.51px;left:650.77px;white-space:nowrap">Gas </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11040.51px;left:910.64px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11040.51px;left:1026.87px;white-space:nowrap">Consumable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11220.51px;left:576px;white-space:nowrap">Fuels</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11220.51px;left:915.8px;letter-spacing:49.31px;white-space:nowrap">..........</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11220.51px;left:2526.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11220.51px;left:3318.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11220.51px;left:4153.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11220.51px;left:4803.16px;white-space:nowrap">1,302</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11220.51px;left:5823.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11220.51px;left:6615.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11220.51px;left:7450.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11220.51px;left:8285.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11220.51px;left:8935.16px;white-space:nowrap">1,302</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11220.51px;left:9955.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11409.71px;left:288px;letter-spacing:-0.56px;white-space:nowrap">Warrants</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11409.71px;left:782.46px;white-space:nowrap">:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11598.92px;left:432px;white-space:nowrap">Oil, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11598.92px;left:650.77px;white-space:nowrap">Gas </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11598.92px;left:910.64px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11598.92px;left:1026.87px;white-space:nowrap">Consumable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11778.92px;left:576px;white-space:nowrap">Fuels</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11778.92px;left:915.8px;letter-spacing:49.31px;white-space:nowrap">..........</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11778.92px;left:2512.18px;white-space:nowrap">90</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11778.92px;left:3318.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11778.92px;left:4153.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11778.92px;left:4988.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11778.92px;left:5823.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11778.92px;left:6615.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11778.92px;left:7450.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11778.92px;left:8271.18px;white-space:nowrap">35</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11778.92px;left:9037.78px;white-space:nowrap">125</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:11778.92px;left:9941.18px;white-space:nowrap">35</div></div>
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		<div style="height:22px;left:36px;position:absolute;top:121px;width:504px">
			<div style="width:10080px;height:146px;position:absolute;top:3.9px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

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		<div 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			<div style="width:10080px;height:12118px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

























































































			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Significant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:880.49px;white-space:nowrap">unobservable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:2011.29px;white-space:nowrap">valuation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:2781.83px;white-space:nowrap">inputs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:3312.16px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:3572.23px;white-space:nowrap">material </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:4262.43px;white-space:nowrap">Level </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:4742.75px;white-space:nowrap">3&#160;assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:5463.11px;white-space:nowrap">and/or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:6023.5px;white-space:nowrap">liabilities&#160;and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:7104.11px;white-space:nowrap">impact </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:7684.28px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:7884.4px;white-space:nowrap">fair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:8184.46px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:8664.79px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:8904.9px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:9055.02px;white-space:nowrap">result </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6744.4px;left:9545.19px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6994.4px;left:0px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6994.4px;left:730.55px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6994.4px;left:920.65px;white-space:nowrap">unobservable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6994.4px;left:2051.46px;white-space:nowrap">valuation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6994.4px;left:2821.99px;white-space:nowrap">inputs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6994.4px;left:3352.32px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6994.4px;left:3592.44px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6994.4px;left:3782.64px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6994.4px;left:4393.04px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6994.4px;left:4693.27px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6994.4px;left:5193.72px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6994.4px;left:5503.89px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6994.4px;left:5744px;white-space:nowrap">follows: </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1105.29px;left:2033.69px;white-space:nowrap">Balance </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1105.29px;left:2539.65px;white-space:nowrap">at</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1285.29px;left:1897.39px;white-space:nowrap">Beginning </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1285.29px;left:2532.91px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1465.29px;left:2389.06px;letter-spacing:-1.68px;white-space:nowrap">Year</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1465.29px;left:2778.93px;white-space:nowrap">Purchases</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:87.4px;font-weight:bold;position:absolute;top:1469.25px;left:3401.12px;white-space:nowrap">a</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1465.29px;left:3910.73px;white-space:nowrap">Sales</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:87.4px;font-weight:bold;position:absolute;top:1469.25px;left:4232.19px;white-space:nowrap">b</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1105.29px;left:4625.62px;letter-spacing:-0.84px;white-space:nowrap">Transfer</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1285.29px;left:4885.56px;white-space:nowrap">Into</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1465.29px;left:4653.93px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1465.29px;left:5002.71px;white-space:nowrap">3</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:87.4px;font-weight:bold;position:absolute;top:1469.25px;left:5071.12px;white-space:nowrap">c</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1105.29px;left:5460.62px;letter-spacing:-0.84px;white-space:nowrap">Transfer</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1285.29px;left:5583.89px;white-space:nowrap">Out </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1285.29px;left:5829.91px;white-space:nowrap">of</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1465.29px;left:5485px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1465.29px;left:5833.78px;white-space:nowrap">3</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:87.4px;font-weight:bold;position:absolute;top:1469.25px;left:5902.19px;white-space:nowrap">d</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:925.29px;left:6539.88px;white-space:nowrap">Net</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1105.29px;left:6170.74px;white-space:nowrap">Accretion</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1285.29px;left:6129.94px;white-space:nowrap">(Amortiza-</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1465.29px;left:6471.62px;white-space:nowrap">tion)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:925.29px;left:7374.88px;white-space:nowrap">Net</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1105.29px;left:7073.93px;white-space:nowrap">Realized</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1285.29px;left:7299.51px;white-space:nowrap">Gain</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1465.29px;left:7204.01px;white-space:nowrap">(Loss)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:925.29px;left:8209.88px;white-space:nowrap">Net</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1105.29px;left:7785.95px;white-space:nowrap">Unrealized</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1285.29px;left:7656.24px;white-space:nowrap">Appreciation</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1465.29px;left:7581.1px;white-space:nowrap">(Depreciation)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1105.29px;left:8771.25px;white-space:nowrap">Balance</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1285.29px;left:8867.12px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1285.29px;left:9010.68px;white-space:nowrap">End</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1465.29px;left:8834.89px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1465.29px;left:8983.06px;letter-spacing:-1.68px;white-space:nowrap">Year</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:385.29px;left:9251.1px;white-space:nowrap">Net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:385.29px;left:9483.42px;white-space:nowrap">Change </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:385.29px;left:9968.65px;white-space:nowrap">in</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:565.29px;left:9455.95px;white-space:nowrap">Unrealized</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:745.29px;left:9326.24px;white-space:nowrap">Appreciation</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:925.29px;left:9251.1px;white-space:nowrap">(Depreciation)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1105.29px;left:9494.63px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1105.29px;left:9674.66px;white-space:nowrap">Assets</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1285.29px;left:9667.92px;white-space:nowrap">Held </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1285.29px;left:9968.65px;white-space:nowrap">at</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1465.29px;left:9551.54px;letter-spacing:-0.96px;white-space:nowrap">Year </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1465.29px;left:9845.68px;white-space:nowrap">End</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1705.23px;left:1795.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1705.23px;left:2644.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1705.23px;left:3436.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1705.23px;left:4271.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1705.23px;left:5106.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1705.23px;left:5941.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1705.23px;left:6733.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1705.23px;left:7568.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1705.23px;left:8403.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1705.23px;left:9238.44px;white-space:nowrap">a</div><div style="color:#ffffff;font-family:Arial, Helvetica, sans-serif;font-size:10px;font-weight:bold;position:absolute;top:1705.23px;left:10073.44px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1774.86px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1774.86px;left:666.8px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1774.86px;left:1431.64px;letter-spacing:-1.26px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1774.86px;left:1867.27px;white-space:nowrap">(continued)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;font-weight:bold;position:absolute;top:1970.26px;left:0px;white-space:nowrap">Assets:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2159.47px;left:144px;white-space:nowrap">Investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2159.47px;left:841.49px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2159.47px;left:971.42px;white-space:nowrap">Securities:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2348.67px;left:288px;white-space:nowrap">Corporate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2348.67px;left:869.1px;white-space:nowrap">Bonds</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2348.67px;left:1217.88px;white-space:nowrap">:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2537.87px;left:432px;white-space:nowrap">Hotels, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2537.87px;left:849.04px;white-space:nowrap">Restaurants </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2537.87px;left:1546.45px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:576px;white-space:nowrap">Leisure</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:999.05px;letter-spacing:49.34px;white-space:nowrap">.........</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:2272.75px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:2341.16px;white-space:nowrap">5,625</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:3249.62px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:3318.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:4084.62px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:4153.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:4919.62px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:4988.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:5590.48px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:5658.89px;white-space:nowrap">(540)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:6279.87px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:6348.28px;white-space:nowrap">(1,893)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:7381.62px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:7450.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:7949.87px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:8018.28px;white-space:nowrap">(3,192)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:9051.62px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:9120.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:9886.62px;white-space:nowrap">$</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2717.87px;left:9955.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2907.08px;left:432px;white-space:nowrap">Oil, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2907.08px;left:650.77px;white-space:nowrap">Gas </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2907.08px;left:910.64px;white-space:nowrap">&amp; </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:2907.08px;left:1026.87px;white-space:nowrap">Consumable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3087.08px;left:576px;white-space:nowrap">Fuels</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3087.08px;left:915.8px;letter-spacing:49.31px;white-space:nowrap">..........</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3087.08px;left:2443.78px;white-space:nowrap">481</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3087.08px;left:2893.73px;white-space:nowrap">1,571,558</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3087.08px;left:4153.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3087.08px;left:4988.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3087.08px;left:5556.28px;white-space:nowrap">(3,864)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3087.08px;left:6615.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3087.08px;left:7450.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3087.08px;left:8031.75px;white-space:nowrap">56,669</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3087.08px;left:8695.73px;white-space:nowrap">1,624,844</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3087.08px;left:9701.75px;white-space:nowrap">56,669</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3276.28px;left:288px;white-space:nowrap">Marketplace </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3276.28px;left:992.22px;white-space:nowrap">Loans</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3276.28px;left:1327.38px;white-space:nowrap">:</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3465.49px;left:432px;text-rendering:optimizeLegibility;white-space:nowrap">Diversified </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3465.49px;left:1040.35px;white-space:nowrap">Financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3645.49px;left:576px;white-space:nowrap">Services</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3645.49px;left:1082.3px;letter-spacing:49.38px;white-space:nowrap">........</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3645.49px;left:2101.73px;white-space:nowrap">4,023,963</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3645.49px;left:2893.73px;white-space:nowrap">1,400,200</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3645.49px;left:3646.85px;white-space:nowrap">(2,259,108)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3645.49px;left:4988.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3645.49px;left:5823.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3645.49px;left:6615.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3645.49px;left:7046.46px;white-space:nowrap">(319,554)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3645.49px;left:7963.35px;white-space:nowrap">452,485</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3645.49px;left:8695.73px;white-space:nowrap">3,297,986</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3645.49px;left:9633.35px;white-space:nowrap">104,786</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3834.69px;left:288px;white-space:nowrap">Escrows </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3834.69px;left:786.93px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:3834.69px;left:1026.35px;white-space:nowrap">Litigation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4014.69px;left:432px;letter-spacing:-0.74px;white-space:nowrap">Trusts</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4014.69px;left:832.54px;letter-spacing:49.29px;white-space:nowrap">...........</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4014.69px;left:2512.18px;white-space:nowrap">14</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4014.69px;left:3318.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4014.69px;left:3886.28px;white-space:nowrap">(1,066)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4014.69px;left:4988.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4014.69px;left:5823.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4014.69px;left:6615.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4014.69px;left:7114.87px;white-space:nowrap">(17,280)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4014.69px;left:8031.75px;white-space:nowrap">18,332</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4014.69px;left:9120.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4014.69px;left:9955.03px;white-space:nowrap">&#8212;</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4235.89px;left:144px;letter-spacing:-2.27px;white-space:nowrap">Total </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4235.89px;left:438.07px;white-space:nowrap">Investments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4235.89px;left:1135.55px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4415.89px;left:144px;white-space:nowrap">Securities</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4415.89px;left:749.29px;letter-spacing:49.27px;white-space:nowrap">............</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4415.89px;left:2033.33px;white-space:nowrap">$4,189,024</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4415.89px;left:2825.33px;white-space:nowrap">$2,971,758</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4415.89px;left:3578.44px;white-space:nowrap">$(2,260,174)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4415.89px;left:4734.75px;white-space:nowrap">$1,302</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4415.89px;left:5351.05px;white-space:nowrap">$(163,255)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4415.89px;left:6279.87px;white-space:nowrap">$(1,893)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4415.89px;left:6978.05px;white-space:nowrap">$(336,834)</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4415.89px;left:7894.94px;white-space:nowrap">$524,329</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4415.89px;left:8627.33px;white-space:nowrap">$4,924,257</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:122px;position:absolute;top:4415.89px;left:9564.94px;white-space:nowrap">$161,490</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:5274.54px;left:0px;white-space:nowrap">a</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5270.32px;left:83.59px;white-space:nowrap">Purchases </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5270.32px;left:739.99px;white-space:nowrap">include </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5270.32px;left:1192.26px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5270.32px;left:1359.99px;white-space:nowrap">purchases </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5270.32px;left:2001.87px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5270.32px;left:2147.8px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5270.32px;left:2738.51px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5270.32px;left:2993.9px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5270.32px;left:3584.6px;white-space:nowrap">received </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5270.32px;left:4117.02px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5270.32px;left:4255.62px;white-space:nowrap">corporate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5270.32px;left:4846.4px;letter-spacing:0px;white-space:nowrap">actions.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:5485.59px;left:0px;white-space:nowrap">b</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5481.37px;left:83.59px;white-space:nowrap">Sales </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5481.37px;left:448.27px;white-space:nowrap">include </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5481.37px;left:900.54px;white-space:nowrap">all </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5481.37px;left:1068.27px;white-space:nowrap">sales </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5481.37px;left:1411.09px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5481.37px;left:1557.02px;white-space:nowrap">securities, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5481.37px;left:2184.21px;white-space:nowrap">maturities, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5481.37px;left:2825.93px;white-space:nowrap">paydowns</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5481.37px;left:3453.19px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5481.37px;left:3708.59px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5481.37px;left:4299.29px;white-space:nowrap">tendered </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5481.37px;left:4853.74px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5481.37px;left:4992.34px;letter-spacing:0px;white-space:nowrap">corporate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5481.37px;left:5583.12px;white-space:nowrap">actions.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:5696.63px;left:0px;white-space:nowrap">c</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:79.3px;letter-spacing:-0.4px;white-space:nowrap">Transferred </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:789.15px;white-space:nowrap">into </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:1037.19px;white-space:nowrap">level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:1343.52px;white-space:nowrap">3 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:1452.98px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:1628.05px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:1737.51px;white-space:nowrap">result </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:2094.85px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:2240.79px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:2459.69px;white-space:nowrap">unavailability </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:3247.43px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:3393.37px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:3502.82px;white-space:nowrap">quoted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:3940.63px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:4378.13px;white-space:nowrap">price </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:4698.99px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:4837.59px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:5020.01px;white-space:nowrap">active </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:5399.3px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:5836.8px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:6026.41px;white-space:nowrap">identical </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:6544.3px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:7135.01px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:7288.13px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:7463.21px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:7572.66px;white-space:nowrap">result </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:7930.01px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:8075.94px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:8294.85px;white-space:nowrap">unreliability </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:8987.66px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:9133.6px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5692.41px;left:9352.51px;white-space:nowrap">foreign </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:0px;white-space:nowrap">exchange </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:605.55px;white-space:nowrap">rate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:868.13px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:1123.52px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:1459.06px;text-rendering:optimizeLegibility;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:2079.06px;white-space:nowrap">observable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:2757.42px;white-space:nowrap">valuation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:3319.14px;white-space:nowrap">inputs. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:3742.27px;white-space:nowrap">May </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:4026.64px;white-space:nowrap">include </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:4478.91px;white-space:nowrap">amounts </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:5018.67px;white-space:nowrap">related </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:5456.33px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:5602.27px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:5711.72px;white-space:nowrap">corporate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5884.41px;left:6302.5px;white-space:nowrap">action.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:6099.68px;left:0px;white-space:nowrap">d</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:83.59px;letter-spacing:-0.4px;white-space:nowrap">Transferred </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:793.43px;white-space:nowrap">out </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:1012.34px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:1158.27px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:1508.43px;white-space:nowrap">3 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:1617.88px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:1792.96px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:1902.41px;white-space:nowrap">result </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:2259.76px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:2405.69px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:2624.6px;white-space:nowrap">availability </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:3266.4px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:3412.34px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:3521.79px;white-space:nowrap">quoted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:3959.6px;white-space:nowrap">price </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:4280.46px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:4419.05px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:4601.48px;white-space:nowrap">active </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:4980.77px;letter-spacing:0px;white-space:nowrap">market </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:5418.27px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:5607.88px;white-space:nowrap">identical </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:6125.77px;white-space:nowrap">securities/ </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:6752.96px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:7008.35px;white-space:nowrap">other </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:7343.9px;text-rendering:optimizeLegibility;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:7963.9px;white-space:nowrap">observable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:8642.26px;white-space:nowrap">valuation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:9203.98px;white-space:nowrap">inputs. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6095.46px;left:9627.1px;white-space:nowrap">May </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6287.46px;left:0px;white-space:nowrap">include </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6287.46px;left:452.27px;white-space:nowrap">amounts </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6287.46px;left:992.03px;white-space:nowrap">related </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6287.46px;left:1429.69px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6287.46px;left:1575.63px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6287.46px;left:1685.08px;white-space:nowrap">corporate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6287.46px;left:2275.86px;white-space:nowrap">action.</div></div>
		</div>
		<div style="height:22px;left:54px;position:absolute;top:121px;width:503px">
			<div style="width:10080px;height:146px;position:absolute;top:3.9px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-2.3px;white-space:nowrap">11. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:306.56px;letter-spacing:-3.2px;white-space:nowrap">Fair </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:708.92px;letter-spacing:-5.17px;white-space:nowrap">Value </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1263.05px;letter-spacing:-3.69px;white-space:nowrap">Measurements </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10.14px;left:2708.45px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div></div>
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		<div style="background-image:url(data:image/png;base64,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			<div style="width:10080px;height:12118px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">














































































			<div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6625.26px;left:0px;letter-spacing:-1.2px;white-space:nowrap">12. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6625.26px;left:317.59px;letter-spacing:-3px;white-space:nowrap">New </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6625.26px;left:760.97px;letter-spacing:-3.64px;white-space:nowrap">Accounting </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:6625.26px;left:1872.44px;letter-spacing:-3.71px;white-space:nowrap">Pronouncements</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:0px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:200.13px;white-space:nowrap">March </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:750.23px;white-space:nowrap">2020, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:1250.68px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:1550.92px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:2311.35px;white-space:nowrap">Accounting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:3251.95px;white-space:nowrap">Standards </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:4122.51px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:4652.84px;letter-spacing:-0.9px;white-space:nowrap">(FASB) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:5282.93px;white-space:nowrap">issued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:5843.32px;white-space:nowrap">Accounting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:6783.93px;white-space:nowrap">Standards </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:7654.48px;white-space:nowrap">Update </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:8284.92px;white-space:nowrap">(ASU) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:8824.92px;white-space:nowrap">No. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6992.99px;left:9155.04px;white-space:nowrap">2020-04, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:0px;white-space:nowrap">Reference </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:880.49px;white-space:nowrap">Rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:1310.71px;white-space:nowrap">Reform </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:1950.82px;letter-spacing:-2.85px;white-space:nowrap">(Topic </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:2480.98px;white-space:nowrap">848) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:2891.25px;white-space:nowrap">&#8211; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:3041.37px;white-space:nowrap">Facilitation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:3951.74px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:4151.87px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:4452.1px;letter-spacing:-0.41px;white-space:nowrap">Effects </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:5049.05px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:5249.18px;white-space:nowrap">Reference </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:6129.67px;white-space:nowrap">Rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:6559.89px;white-space:nowrap">Reform </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:7200px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:7450.22px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:8220.59px;white-space:nowrap">Reporting. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:9101.07px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7242.99px;left:9301.2px;white-space:nowrap">January </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:0px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:500.45px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:800.68px;letter-spacing:-1.99px;white-space:nowrap">FASB </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:1310.89px;white-space:nowrap">issued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:1871.28px;white-space:nowrap">ASU </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:2291.4px;white-space:nowrap">No. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:2621.51px;white-space:nowrap">2021-01, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:3382.12px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:3752.23px;white-space:nowrap">further </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:4322.46px;white-space:nowrap">amendments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:5413.01px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:5609.88px;letter-spacing:-3.33px;white-space:nowrap">Topic </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:6080.1px;white-space:nowrap">848. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:6477.19px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:6837.36px;white-space:nowrap">amendments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:7927.91px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:8118.02px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:8408.32px;white-space:nowrap">ASUs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7492.99px;left:8918.44px;white-space:nowrap">provide </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:0px;white-space:nowrap">optional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:680.54px;white-space:nowrap">temporary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:1540.81px;white-space:nowrap">accounting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:2461.46px;white-space:nowrap">recognition </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:3392.05px;text-rendering:optimizeLegibility;white-space:nowrap">and&#160;financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:4452.8px;white-space:nowrap">reporting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:5213.23px;white-space:nowrap">relief </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:5653.39px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:6063.4px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:6363.63px;letter-spacing:-0.46px;white-space:nowrap">effect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:6850.63px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:7050.76px;white-space:nowrap">certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:7641.04px;white-space:nowrap">types </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:8121.27px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:8321.4px;white-space:nowrap">contract </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7742.99px;left:9011.69px;text-rendering:optimizeLegibility;white-space:nowrap">modifications </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:0px;white-space:nowrap">due </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:350.33px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:550.46px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:850.69px;white-space:nowrap">planned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:1541.34px;white-space:nowrap">discontinuation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:2792.2px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:2992.32px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:3292.56px;white-space:nowrap">London </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:3943.21px;white-space:nowrap">Interbank </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:4743.72px;letter-spacing:-0.41px;white-space:nowrap">Offered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:5390.77px;white-space:nowrap">Rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:5821px;white-space:nowrap">(LIBOR) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:6531.06px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:6881.4px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:7341.68px;letter-spacing:-0.18px;white-space:nowrap">interbank-offered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:8749.25px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7992.99px;left:9289.69px;white-space:nowrap">reference </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:0px;white-space:nowrap">rates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:450.18px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:690.29px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:890.42px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:1190.65px;white-space:nowrap">end </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:1540.99px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:1741.11px;white-space:nowrap">2021 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:2191.55px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:2541.88px;letter-spacing:-0.33px;white-space:nowrap">2023.&#160;The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:3389.33px;white-space:nowrap">ASUs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:3899.44px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:4209.61px;letter-spacing:-0.33px;white-space:nowrap">effective </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:4926.71px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:5186.78px;white-space:nowrap">certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:5777.05px;white-space:nowrap">reference </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:6587.49px;white-space:nowrap">rate-related </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:7557.98px;white-space:nowrap">contract </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:8248.27px;text-rendering:optimizeLegibility;white-space:nowrap">modifications </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8242.99px;left:9348.75px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:0px;white-space:nowrap">occur </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:490.17px;white-space:nowrap">during </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:1040.54px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:1340.77px;white-space:nowrap">period </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:1891.14px;white-space:nowrap">March </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:2441.25px;white-space:nowrap">12, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:2741.48px;white-space:nowrap">2020 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:3191.92px;white-space:nowrap">through </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:3852.42px;white-space:nowrap">December </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:4732.73px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:5032.97px;white-space:nowrap">2022. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:5533.42px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:6634.07px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:6974.3px;white-space:nowrap">reviewed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:7744.66px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:8044.89px;white-space:nowrap">requirements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8492.99px;left:9145.37px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:0px;white-space:nowrap">believes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:710.42px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:1010.65px;white-space:nowrap">adoption </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:1751.31px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:1951.44px;white-space:nowrap">these </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:2431.85px;white-space:nowrap">ASUs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:2941.96px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:3241.93px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:3542.17px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:3982.5px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:4132.62px;white-space:nowrap">material </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:4822.82px;white-space:nowrap">impact </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:5402.99px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:5653.21px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:5953.45px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8742.99px;left:6663.87px;white-space:nowrap">statements.&#160;</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1002.38px;left:0px;white-space:nowrap">Description</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:810.38px;left:3188.67px;white-space:nowrap">Fair </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:810.38px;left:3526.56px;letter-spacing:-1.47px;white-space:nowrap">Value </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:810.38px;left:3989.06px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1002.38px;left:3221.33px;white-space:nowrap">End </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1002.38px;left:3567.97px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1002.38px;left:3760.55px;letter-spacing:-2.21px;white-space:nowrap">Year</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1002.38px;left:4300px;letter-spacing:-0.88px;white-space:nowrap">Valuation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1002.38px;left:5055.7px;letter-spacing:-1.32px;white-space:nowrap">Technique</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1002.38px;left:6088.75px;white-space:nowrap">Unobservable </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1002.38px;left:7191.33px;white-space:nowrap">Inputs</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:618.38px;left:8415.7px;white-space:nowrap">Amount </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:810.38px;left:8249.69px;letter-spacing:-0.29px;white-space:nowrap">(Weighted </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1002.38px;left:8341.17px;letter-spacing:-0.66px;white-space:nowrap">Average) </div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:1005.59px;left:9020px;white-space:nowrap">a</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:426.38px;left:9278.83px;white-space:nowrap">Impact </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:426.38px;left:9838.98px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:618.38px;left:9234.06px;white-space:nowrap">Fair </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:618.38px;left:9571.95px;letter-spacing:-1.47px;white-space:nowrap">Value </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:810.38px;left:9456.88px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:810.38px;left:9599.06px;white-space:nowrap">Input </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1002.38px;left:9251.64px;white-space:nowrap">Increases</div><div style="font-family:Arial, sans-serif;font-size:93.3px;font-weight:bold;position:absolute;top:1005.59px;left:9990px;white-space:nowrap">b</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1278.86px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1278.86px;left:666.8px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1278.86px;left:1431.64px;letter-spacing:-1.77px;white-space:nowrap">Trust</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1555.34px;left:0px;white-space:nowrap">Assets:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1831.83px;left:180px;white-space:nowrap">Investments </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1831.83px;left:1087.03px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1831.83px;left:1256.02px;white-space:nowrap">Securities:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2108.31px;left:270px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2108.31px;left:1025.94px;white-space:nowrap">Bonds:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2384.8px;left:403.36px;white-space:nowrap">Oil, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2384.8px;left:687.81px;white-space:nowrap">Gas </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2384.8px;left:1025.7px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2384.8px;left:1176.88px;white-space:nowrap">Consumable </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2384.8px;left:2119.61px;white-space:nowrap">Fuels</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2382.38px;left:2540.28px;letter-spacing:57.56px;white-space:nowrap">...</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2384.8px;left:3349.22px;white-space:nowrap">$1,624,844</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2384.8px;left:4300px;white-space:nowrap">Discounted </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2384.8px;left:5144.92px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2384.8px;left:5527.34px;text-rendering:optimizeLegibility;white-space:nowrap">flow</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2384.8px;left:6070px;white-space:nowrap">Discount </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2384.8px;left:6736.95px;white-space:nowrap">rate</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2384.8px;left:8566.33px;white-space:nowrap">15.5%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2384.8px;left:9305.23px;white-space:nowrap">Decrease</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:2388.01px;left:9990px;white-space:nowrap">c</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2661.28px;left:6070px;white-space:nowrap">Free </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2661.28px;left:6443.44px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2661.28px;left:6825.86px;text-rendering:optimizeLegibility;white-space:nowrap">flow</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2661.28px;left:8459.77px;white-space:nowrap">$2.0 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2661.28px;left:8815.63px;white-space:nowrap">mil</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2661.28px;left:9376.33px;white-space:nowrap">Increase</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2937.77px;left:270px;white-space:nowrap">Marketplace </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2937.77px;left:1185.94px;white-space:nowrap">Loans:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3214.25px;left:403.36px;text-rendering:optimizeLegibility;white-space:nowrap">Diversified </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3214.25px;left:1194.69px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3214.25px;left:1879.45px;white-space:nowrap">Services</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3211.83px;left:2540.28px;letter-spacing:57.56px;white-space:nowrap">...</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3214.25px;left:3349.22px;white-space:nowrap">$2,999,228</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3214.25px;left:4300px;white-space:nowrap">Discounted </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3214.25px;left:5144.92px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3214.25px;left:5527.34px;text-rendering:optimizeLegibility;white-space:nowrap">flow</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3214.25px;left:6070px;white-space:nowrap">Loss-adjusted </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3406.25px;left:6160px;white-space:nowrap">discount </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3406.25px;left:6800.39px;white-space:nowrap">rate</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3214.25px;left:8237.34px;white-space:nowrap">2.9%-7.2%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3406.25px;left:8548.75px;white-space:nowrap">(6.2%)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3214.25px;left:9305.23px;white-space:nowrap">Decrease</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3217.46px;left:9990px;white-space:nowrap">d</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3682.74px;left:6070px;white-space:nowrap">Projected </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3682.74px;left:6790.39px;white-space:nowrap">loss </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3682.74px;left:7119.38px;white-space:nowrap">rate</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3682.74px;left:8059.38px;white-space:nowrap">14.8%-19.5%</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3874.74px;left:8459.77px;white-space:nowrap">(16.2%)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3682.74px;left:9305.23px;white-space:nowrap">Decrease</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:3685.95px;left:9990px;white-space:nowrap">d</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4151.22px;left:270px;white-space:nowrap">All </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4151.22px;left:492.27px;white-space:nowrap">Other</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4148.8px;left:940.84px;letter-spacing:57.59px;white-space:nowrap">....................</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4151.22px;left:3571.64px;white-space:nowrap">300,185</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:4154.43px;left:4150px;white-space:nowrap">e&#160;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4427.7px;left:270px;letter-spacing:-3.55px;white-space:nowrap">Total</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4427.7px;left:3349.22px;white-space:nowrap">$4,924,257</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:4930.99px;left:39.23px;white-space:nowrap">a</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4926.77px;left:151px;letter-spacing:-0.25px;white-space:nowrap">Weighted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4926.77px;left:739.52px;white-space:nowrap">based </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4926.77px;left:1133.5px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4926.77px;left:1315.92px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4926.77px;left:1534.83px;white-space:nowrap">relative </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4926.77px;left:1994.28px;white-space:nowrap">fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4926.77px;left:2213.03px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4926.77px;left:2563.19px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4926.77px;left:2709.12px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4926.77px;left:2928.03px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4926.77px;left:3445.92px;white-space:nowrap">instruments.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:5127.47px;left:39.23px;white-space:nowrap">b</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:151px;white-space:nowrap">Represents </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:858.42px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:1077.33px;white-space:nowrap">directional </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:1711.86px;white-space:nowrap">change </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:2178.81px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:2317.41px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:2536.31px;white-space:nowrap">fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:2755.06px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:3105.22px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:3251.16px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:3470.06px;white-space:nowrap">Level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:3820.22px;white-space:nowrap">3 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:3929.67px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:4447.56px;white-space:nowrap">instruments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:5162.25px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:5417.64px;white-space:nowrap">would </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:5796.86px;white-space:nowrap">result </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:6154.2px;white-space:nowrap">from </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:6453.11px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:6562.56px;text-rendering:optimizeLegibility;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:7182.56px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:7437.95px;white-space:nowrap">reasonable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:8123.66px;white-space:nowrap">increase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:8656.08px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:8794.67px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:9013.58px;white-space:nowrap">corresponding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5123.25px;left:9881.55px;white-space:nowrap">input. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:151px;letter-spacing:-3.59px;white-space:nowrap">A </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:267.8px;text-rendering:optimizeLegibility;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:887.8px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:1143.19px;white-space:nowrap">reasonable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:1828.89px;white-space:nowrap">decrease </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:2405.14px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:2543.73px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:2762.64px;white-space:nowrap">input </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:3083.66px;white-space:nowrap">would </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:3462.87px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:3783.89px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:4002.8px;white-space:nowrap">opposite </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:4535.37px;letter-spacing:-0.28px;white-space:nowrap">effect. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:4927.09px;text-rendering:optimizeLegibility;white-space:nowrap">Significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:5568.97px;white-space:nowrap">impacts, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:6094.05px;white-space:nowrap">if </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:6196.16px;letter-spacing:-1.92px;white-space:nowrap">any, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:6471.08px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:6617.02px;white-space:nowrap">fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:6835.77px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:7185.92px;white-space:nowrap">and/or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:7594.44px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:7813.34px;white-space:nowrap">assets </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:8229.13px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:8550.14px;white-space:nowrap">been </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5315.25px;left:8878.5px;white-space:nowrap">indicated.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:5515.96px;left:41.37px;white-space:nowrap">c</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5511.74px;left:151px;white-space:nowrap">Represents </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5511.74px;left:858.42px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5511.74px;left:967.87px;text-rendering:optimizeLegibility;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5511.74px;left:1587.87px;white-space:nowrap">impact </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5511.74px;left:2010.84px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5511.74px;left:2156.78px;white-space:nowrap">fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5511.74px;left:2375.53px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5511.74px;left:2725.69px;white-space:nowrap">but </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5511.74px;left:2944.59px;white-space:nowrap">not </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5511.74px;left:3163.5px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5511.74px;left:3382.41px;white-space:nowrap">assets.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:5712.44px;left:39.23px;white-space:nowrap">d</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5708.22px;left:151px;white-space:nowrap">Represents </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5708.22px;left:858.42px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5708.22px;left:967.87px;text-rendering:optimizeLegibility;white-space:nowrap">significant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5708.22px;left:1587.87px;white-space:nowrap">impact </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5708.22px;left:2010.84px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5708.22px;left:2156.78px;white-space:nowrap">fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5708.22px;left:2375.53px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5708.22px;left:2725.69px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5708.22px;left:2981.08px;white-space:nowrap">net </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5708.22px;left:3199.98px;white-space:nowrap">assets.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:93.3px;position:absolute;top:5908.92px;left:39.23px;white-space:nowrap">e</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:151px;white-space:nowrap">Includes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:676.23px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:1194.12px;white-space:nowrap">instruments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:1908.81px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:2178.58px;white-space:nowrap">values </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:2594.36px;white-space:nowrap">derived </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:3061.16px;white-space:nowrap">using </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:3411.31px;white-space:nowrap">private </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:3841.62px;white-space:nowrap">transaction </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:4519.98px;white-space:nowrap">prices </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:4906.47px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:5059.59px;white-space:nowrap">non-public </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:5701.47px;white-space:nowrap">third </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:5993.19px;white-space:nowrap">party </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:6321.39px;white-space:nowrap">pricing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:6744.36px;white-space:nowrap">information </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:7429.91px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:7801.78px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:7933.03px;white-space:nowrap">unobservable. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:8793.81px;white-space:nowrap">May </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:9078.19px;white-space:nowrap">also </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:9355.38px;white-space:nowrap">include </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:5904.7px;left:9807.64px;white-space:nowrap">fair </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6096.7px;left:151px;white-space:nowrap">value </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6096.7px;left:501.16px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6096.7px;left:647.09px;white-space:nowrap">immaterial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6096.7px;left:1288.66px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6096.7px;left:1806.55px;white-space:nowrap">instruments </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6096.7px;left:2521.23px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6096.7px;left:2776.62px;white-space:nowrap">developed </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6096.7px;left:3418.66px;white-space:nowrap">using </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6096.7px;left:3768.81px;white-space:nowrap">various </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6096.7px;left:4228.27px;white-space:nowrap">valuation </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6096.7px;left:4789.98px;white-space:nowrap">techniques </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6096.7px;left:5461.16px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6096.7px;left:5716.55px;white-space:nowrap">unobservable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:6096.7px;left:6540.84px;white-space:nowrap">inputs. </div></div>
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			<div style="width:10080px;height:146px;position:absolute;top:3.9px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-2.3px;white-space:nowrap">11. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:306.56px;letter-spacing:-3.2px;white-space:nowrap">Fair </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:708.92px;letter-spacing:-5.17px;white-space:nowrap">Value </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1263.05px;letter-spacing:-3.69px;white-space:nowrap">Measurements </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10.14px;left:2708.45px;letter-spacing:-2.91px;white-space:nowrap">(continued)</div></div>
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style="background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAABBoAAAT4CAYAAAC2UKHWAAAACXBIWXMAABcRAAAXEQHKJvM/AAAeyUlEQVR4XuzWMVFDURRF0UhBQiREClIiIyVSkISDEARk9imYgZ9Zxer2K2513ul+v58AAAAAfkMGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwOp0u92uvJSPoQHgWC416EfyuOdtuJlj+RgaAI7lrTb9mdPj8R0A+NeuNehH8rjnMtwMAPytS236Mz9j/8lL+RoaAI7lvQb9SB73nIebORb/D4DXc65NfyYDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAAAAYJUBAAAAwCoDAAAAgFUGAAAAAKsMAAAAAFYZAAAAAKwyAAAAAFhlAAAAALDKAAAAAGCVAQAAAMAqAwAAAIBVBgAAAACrDAAAAABWGQAAAACsMgAAAABYZQAAAACwygAAAABglQEAAADAKgMAAACAVQYAAAAAqwwAAAAAVhkAAAAArDIAAAAAWGUAAAAAsMoAAA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			<div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:0px;letter-spacing:-1.2px;white-space:nowrap">13. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:317.59px;letter-spacing:-3.64px;white-space:nowrap">Subsequent </div><div style="font-family:Arial, sans-serif;font-size:200px;font-weight:bold;position:absolute;top:-23.73px;left:1473.69px;letter-spacing:-3.33px;white-space:nowrap">Events</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:820.46px;white-space:nowrap">has</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:1160.68px;white-space:nowrap">evaluated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:1991.34px;white-space:nowrap">subsequent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:2972.11px;white-space:nowrap">even</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:3362.43px;white-space:nowrap">ts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:3552.45px;white-space:nowrap">through </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:4212.95px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:4513.18px;white-space:nowrap">issuance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:5273.61px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:5473.74px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:5773.97px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:6484.39px;white-space:nowrap">statements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:7414.8px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:7765.14px;white-space:nowrap">determined </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:8715.67px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:9065.92px;white-space:nowrap">no </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344px;left:9316.14px;white-space:nowrap">events </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:0px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:440.33px;white-space:nowrap">occurred </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:1190.65px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:1540.9px;white-space:nowrap">require </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:2151.21px;white-space:nowrap">disclosure</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594px;left:2961.56px;white-space:nowrap">.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:200px;position:absolute;top:1077.07px;left:0px;white-space:nowrap">Abbreviations</div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:1557.05px;left:0px;white-space:nowrap">Currency</div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:1832.09px;left:0px;white-space:nowrap">USD</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1849.03px;left:1116px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1849.03px;left:1622.95px;white-space:nowrap">States </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1849.03px;left:2121px;white-space:nowrap">Dollar</div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:1557.05px;left:5220px;white-space:nowrap">Selected </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:1557.05px;left:6010.4px;white-space:nowrap">Portfolio</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1834.47px;left:5220px;white-space:nowrap">ADR</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1834.47px;left:6336px;white-space:nowrap">American </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1834.47px;left:7056.23px;white-space:nowrap">Depositary </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1834.47px;left:7865.45px;white-space:nowrap">Receipt</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2094.95px;left:5220px;white-space:nowrap">FRN</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2094.95px;left:6336px;white-space:nowrap">Floating </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2094.95px;left:6949.67px;white-space:nowrap">Rate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2094.95px;left:7332.09px;white-space:nowrap">Note</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2355.43px;left:5220px;white-space:nowrap">LIBOR</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2355.43px;left:6336px;white-space:nowrap">London </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2355.43px;left:6914.36px;white-space:nowrap">Inter-Bank </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2355.43px;left:7696.94px;letter-spacing:-0.36px;white-space:nowrap">Offered </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2355.43px;left:8272.09px;white-space:nowrap">Rate</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2615.92px;left:5220px;white-space:nowrap">PIK</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2615.92px;left:6336px;white-space:nowrap">Payment-In-Kind</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;letter-spacing:-6.65px;white-space:nowrap">To </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:240.12px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:540.35px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1070.68px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1267.56px;letter-spacing:-0.74px;white-space:nowrap">Trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2011.11px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2361.45px;white-space:nowrap">Shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3482.14px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3682.27px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4372.47px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5169.46px;letter-spacing:-1.34px;white-space:nowrap">Trust</div><div style="font-family:Arial, sans-serif;font-size:200px;font-style:italic;font-weight:bold;position:absolute;top:401.71px;left:0px;white-space:nowrap">Opinion </div><div style="font-family:Arial, sans-serif;font-size:200px;font-style:italic;font-weight:bold;position:absolute;top:401.71px;left:810.94px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:200px;font-style:italic;font-weight:bold;position:absolute;top:401.71px;left:1110.84px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:200px;font-style:italic;font-weight:bold;position:absolute;top:401.71px;left:1466.41px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:200px;font-style:italic;font-weight:bold;position:absolute;top:401.71px;left:2388.87px;white-space:nowrap">Statements</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:0px;letter-spacing:-1.08px;white-space:nowrap">We </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:316.76px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:757.09px;white-space:nowrap">audited </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:1397.64px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:1697.87px;white-space:nowrap">accompanying </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:2908.56px;white-space:nowrap">statement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:3748.97px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:3949.1px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:4519.34px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:4869.67px;white-space:nowrap">liabilities, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:5649.96px;white-space:nowrap">including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:6410.48px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:6710.71px;white-space:nowrap">statement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:7551.12px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:7751.25px;white-space:nowrap">investments, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:8811.65px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:848.64px;left:9011.78px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:0px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:796.99px;letter-spacing:-1.11px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:1300.34px;white-space:nowrap">(the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:1660.52px;white-space:nowrap">&quot;Fund&quot;) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:2308.54px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:2548.65px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:2738.85px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:3349.25px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:3649.48px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:4149.93px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:4450.17px;white-space:nowrap">related </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:5050.55px;white-space:nowrap">statements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:5980.96px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:6181.08px;white-space:nowrap">operations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:7071.68px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:7422.01px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:7852.24px;text-rendering:optimizeLegibility;white-space:nowrap">flows </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:8312.34px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:8572.41px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:8872.65px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1098.64px;left:9272.81px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:0px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:610.4px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:910.63px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:1411.08px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:1711.32px;white-space:nowrap">statements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:2641.73px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:2841.86px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:3572.4px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:3762.51px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:4062.74px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:4632.98px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:4893.05px;white-space:nowrap">each </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:5333.38px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:5533.51px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:5833.74px;white-space:nowrap">two </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:6163.86px;white-space:nowrap">years </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:6654.02px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:6844.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:7144.37px;white-space:nowrap">period </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:7694.74px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:8235.35px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:8845.75px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1348.64px;left:9145.99px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:0px;white-space:nowrap">including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:760.52px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:1060.75px;white-space:nowrap">related </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:1661.13px;white-space:nowrap">notes, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:2201.48px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:2551.82px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:2852.05px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:3562.47px;white-space:nowrap">highlights </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:4373px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:4633.07px;white-space:nowrap">each </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:5073.4px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:5273.53px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:5573.76px;text-rendering:optimizeLegibility;white-space:nowrap">five </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:5903.88px;white-space:nowrap">years </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:6394.04px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:6584.15px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:6884.38px;white-space:nowrap">period </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:7434.76px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:7975.37px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:8585.77px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1598.64px;left:8886.01px;white-space:nowrap">2021 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:0px;white-space:nowrap">(collectively </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:980.24px;white-space:nowrap">referred </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:1660.52px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:1860.64px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:2100.76px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:2401px;text-rendering:optimizeLegibility;white-space:nowrap">&#8220;financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:3171.36px;white-space:nowrap">statements&#8221;). </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:4271.66px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:4471.79px;white-space:nowrap">our </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:4781.95px;white-space:nowrap">opinion, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:5462.49px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:5762.72px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:6473.14px;white-space:nowrap">statements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:7403.55px;white-space:nowrap">present </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:8053.95px;letter-spacing:-1.67px;white-space:nowrap">fairly, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:8520.64px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:8710.75px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1848.64px;left:8940.85px;white-space:nowrap">material </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:0px;white-space:nowrap">respects, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:780.29px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:1080.53px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:1790.95px;white-space:nowrap">position </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:2461.38px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:2661.5px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:2961.74px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:3422.02px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:3662.14px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:3852.33px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:4462.73px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:4762.97px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:5263.42px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:5563.65px;white-space:nowrap">results </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:6143.82px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:6343.95px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:6573.96px;white-space:nowrap">operations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:7464.55px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:7814.88px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:8044.89px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:8475.12px;text-rendering:optimizeLegibility;white-space:nowrap">flows </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:8935.22px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:9195.29px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2098.64px;left:9495.53px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:0px;white-space:nowrap">then </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:400.34px;white-space:nowrap">ended, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:1000.9px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:1301.13px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:2031.68px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:2221.79px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:2451.8px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:2752.03px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:3322.27px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:3582.33px;white-space:nowrap">each </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:4022.67px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:4222.79px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:4523.03px;white-space:nowrap">two </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:4853.14px;white-space:nowrap">years </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:5343.31px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:5533.42px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:5833.65px;white-space:nowrap">period </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:6384.02px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:6924.64px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:7535.04px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:7835.27px;white-space:nowrap">2021 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:8285.71px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:8636.04px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2348.64px;left:8936.28px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:0px;white-space:nowrap">highlights </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:810.53px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:1070.6px;white-space:nowrap">each </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:1510.93px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:1711.05px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:2011.29px;text-rendering:optimizeLegibility;white-space:nowrap">five </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:2341.41px;white-space:nowrap">years </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:2831.57px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:3021.68px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:3321.91px;white-space:nowrap">period </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:3872.29px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:4412.9px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:5023.3px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:5323.54px;white-space:nowrap">2021 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:5773.97px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:5964.08px;white-space:nowrap">conformity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:6844.31px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:7214.41px;white-space:nowrap">accounting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:8135.07px;white-space:nowrap">principles </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2598.64px;left:8945.42px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2848.64px;left:0px;white-space:nowrap">accepted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2848.64px;left:780.56px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2848.64px;left:970.66px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2848.64px;left:1270.9px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2848.64px;left:1841.22px;white-space:nowrap">States </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2848.64px;left:2401.52px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2848.64px;left:2591.72px;white-space:nowrap">America. </div><div style="font-family:Arial, sans-serif;font-size:200px;font-style:italic;font-weight:bold;position:absolute;top:3271.71px;left:0px;white-space:nowrap">Basis </div><div style="font-family:Arial, sans-serif;font-size:200px;font-style:italic;font-weight:bold;position:absolute;top:3271.71px;left:589.26px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:200px;font-style:italic;font-weight:bold;position:absolute;top:3271.71px;left:911.43px;white-space:nowrap">Opinion</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:0px;white-space:nowrap">These </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:550.28px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:1260.7px;white-space:nowrap">statements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:2191.11px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:2501.28px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:2801.51px;white-space:nowrap">responsibility </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:3891.97px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:4092.1px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:4392.33px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:4979.36px;white-space:nowrap">management. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:6130.02px;white-space:nowrap">Our </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:6480.09px;white-space:nowrap">responsibility </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:7570.55px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:7750.55px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:7950.67px;white-space:nowrap">express </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:8630.95px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:8881.17px;white-space:nowrap">opinion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3718.64px;left:9511.7px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:300.23px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:887.26px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:1597.68px;white-space:nowrap">statements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:2528.09px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:3068.53px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:3318.75px;white-space:nowrap">our </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:3628.92px;white-space:nowrap">audits. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:4209.26px;letter-spacing:-1.08px;white-space:nowrap">We </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:4526.02px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:4836.18px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:4986.3px;white-space:nowrap">public </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:5506.61px;white-space:nowrap">accounting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:6427.27px;text-rendering:optimizeLegibility;white-space:nowrap">firm </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:6777.16px;white-space:nowrap">registered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:7627.59px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:7997.7px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:8297.93px;white-space:nowrap">Public </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3968.64px;left:8838.19px;white-space:nowrap">Company </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:0px;white-space:nowrap">Accounting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:940.61px;white-space:nowrap">Oversight </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:1760.89px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:2291.22px;white-space:nowrap">(United </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:2921.48px;white-space:nowrap">States) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:3541.73px;white-space:nowrap">(PCAOB) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:4341.8px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:4692.13px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:5002.29px;white-space:nowrap">required </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:5712.71px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:5912.84px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:6163.07px;white-space:nowrap">independent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:7204.04px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:7574.15px;white-space:nowrap">respect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:8214.43px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:8414.56px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:8714.79px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4218.64px;left:9175.08px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:0px;white-space:nowrap">accordance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:980.6px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:1350.7px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:1650.94px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:2051.02px;white-space:nowrap">federal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:2651.4px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:3461.66px;white-space:nowrap">laws </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:3871.76px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:4222.09px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:4522.32px;white-space:nowrap">applicable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:5382.95px;white-space:nowrap">rules </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:5823.11px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:6173.44px;white-space:nowrap">regulations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:7104.02px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:7304.15px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:7604.38px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:8444.71px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4468.64px;left:8795.04px;white-space:nowrap">Exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4718.64px;left:0px;white-space:nowrap">Commission </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4718.64px;left:1040.19px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4718.64px;left:1390.52px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4718.64px;left:1690.75px;white-space:nowrap">PCAOB. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:0px;letter-spacing:-1.08px;white-space:nowrap">We </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:316.76px;white-space:nowrap">conducted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:1197.42px;white-space:nowrap">our </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:1507.59px;white-space:nowrap">audits </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:2037.92px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:2238.05px;white-space:nowrap">these </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:2728.39px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:3438.81px;white-space:nowrap">statements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:4369.22px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:4559.33px;white-space:nowrap">accordance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:5539.92px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:5910.03px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:6210.26px;white-space:nowrap">standards </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:7050.76px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:7250.89px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:7551.12px;white-space:nowrap">PCAOB. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:8278.07px;white-space:nowrap">Those </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5148.64px;left:8828.35px;white-space:nowrap">standards </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:0px;white-space:nowrap">require </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:610.31px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:960.56px;white-space:nowrap">we </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:1240.66px;white-space:nowrap">plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:1630.99px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:1981.32px;white-space:nowrap">perform </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:2651.48px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:2951.72px;white-space:nowrap">audit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:3392.05px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:3592.18px;white-space:nowrap">obtain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:4132.62px;white-space:nowrap">reasonable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:5073.31px;white-space:nowrap">assurance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:5953.8px;white-space:nowrap">about </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:6454.25px;white-space:nowrap">whether </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:7144.63px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:7444.86px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:8155.28px;white-space:nowrap">statements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:9085.69px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:9395.86px;white-space:nowrap">free </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5398.64px;left:9756.04px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5648.64px;left:0px;white-space:nowrap">material </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5648.64px;left:690.21px;white-space:nowrap">misstatement, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5648.64px;left:1860.56px;white-space:nowrap">whether </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5648.64px;left:2550.94px;white-space:nowrap">due </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5648.64px;left:2901.27px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5648.64px;left:3101.4px;white-space:nowrap">error </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5648.64px;left:3531.45px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5648.64px;left:3741.5px;white-space:nowrap">fraud. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:0px;white-space:nowrap">Our </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:350.07px;white-space:nowrap">audits </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:880.4px;white-space:nowrap">included </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:1600.93px;white-space:nowrap">performing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:2511.3px;white-space:nowrap">procedures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:3461.84px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:3661.96px;white-space:nowrap">assess </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:4272.19px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:4572.42px;white-space:nowrap">risks </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:4992.36px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:5192.49px;white-space:nowrap">material </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:5882.7px;white-space:nowrap">misstatement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:7003.04px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:7203.16px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:7503.4px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:8213.82px;white-space:nowrap">statements, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6078.64px;left:9194.24px;white-space:nowrap">whether </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:0px;white-space:nowrap">due </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:350.33px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:550.46px;white-space:nowrap">error </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:980.51px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:1190.57px;white-space:nowrap">fraud, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:1700.86px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:2051.19px;white-space:nowrap">performing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:2961.56px;white-space:nowrap">procedures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:3912.1px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:4262.34px;white-space:nowrap">respond </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:4962.83px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:5162.96px;white-space:nowrap">those </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:5653.3px;white-space:nowrap">risks. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:6123.25px;white-space:nowrap">Such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:6583.54px;white-space:nowrap">procedures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:7534.07px;white-space:nowrap">included </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:8254.6px;white-space:nowrap">examining, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:9175.08px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:9425.3px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6328.64px;left:9575.42px;white-space:nowrap">test </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:0px;white-space:nowrap">basis, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:520.22px;white-space:nowrap">evidence </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:1290.76px;white-space:nowrap">regarding </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:2101.29px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:2401.52px;white-space:nowrap">amounts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:3141.91px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:3492.25px;white-space:nowrap">disclosures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:4442.61px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:4632.71px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:4932.95px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:5643.37px;white-space:nowrap">statements. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:6623.79px;white-space:nowrap">Our </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:6973.86px;white-space:nowrap">audits </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:7504.19px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:7884.4px;white-space:nowrap">included </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:8604.93px;white-space:nowrap">evaluating </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6578.64px;left:9475.58px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:0px;white-space:nowrap">accounting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:920.65px;white-space:nowrap">principles </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:1731.01px;white-space:nowrap">used </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:2171.34px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:2521.67px;text-rendering:optimizeLegibility;white-space:nowrap">significant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:3372.1px;white-space:nowrap">estimates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:4192.38px;white-space:nowrap">made </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:4692.66px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:4932.77px;white-space:nowrap">management, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:6083.44px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:6323.55px;white-space:nowrap">well </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:6683.64px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:6923.76px;white-space:nowrap">evaluating </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:7794.4px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:8094.64px;white-space:nowrap">overall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:8674.89px;white-space:nowrap">presentation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6828.64px;left:9715.61px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:300.23px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:1010.65px;white-space:nowrap">statements. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:1991.07px;white-space:nowrap">Our </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:2341.14px;white-space:nowrap">procedures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:3291.68px;white-space:nowrap">included </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:4012.21px;text-rendering:optimizeLegibility;white-space:nowrap">confirmation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:5042.64px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:5242.76px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:6053.03px;white-space:nowrap">owned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:6633.46px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:6873.57px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:7063.77px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:7674.17px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:7974.4px;white-space:nowrap">2021 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:8424.84px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7078.64px;left:8664.96px;white-space:nowrap">correspondence </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:0px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:370.11px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:670.34px;white-space:nowrap">custodian, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:1540.9px;white-space:nowrap">transfer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:2201.13px;white-space:nowrap">agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:2701.58px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:3051.91px;white-space:nowrap">brokers; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:3752.14px;white-space:nowrap">when </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:4232.46px;white-space:nowrap">replies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:4812.71px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:5252.87px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:5553.11px;white-space:nowrap">received </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:6283.48px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:6693.49px;white-space:nowrap">brokers, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:7393.71px;white-space:nowrap">we </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:7673.82px;white-space:nowrap">performed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:8544.2px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7328.64px;left:9004.48px;white-space:nowrap">auditing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7578.64px;left:0px;white-space:nowrap">procedures. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7578.64px;left:1000.55px;letter-spacing:-1.08px;white-space:nowrap">We </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7578.64px;left:1317.3px;white-space:nowrap">believe </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7578.64px;left:1937.72px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7578.64px;left:2287.97px;white-space:nowrap">our </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7578.64px;left:2598.13px;white-space:nowrap">audits </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7578.64px;left:3128.47px;white-space:nowrap">provide </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7578.64px;left:3768.84px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7578.64px;left:3918.96px;white-space:nowrap">reasonable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7578.64px;left:4859.65px;white-space:nowrap">basis </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7578.64px;left:5329.86px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7578.64px;left:5589.93px;white-space:nowrap">our </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7578.64px;left:5900.1px;white-space:nowrap">opinion.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8008.64px;left:0px;white-space:nowrap">PricewaterhouseCoopers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8008.64px;left:2071.05px;letter-spacing:-1.08px;white-space:nowrap">LLP</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8438.64px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8438.64px;left:370.28px;white-space:nowrap">Francisco, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8438.64px;left:1250.51px;white-space:nowrap">California</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8688.64px;left:0px;white-space:nowrap">October </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8688.64px;left:690.29px;white-space:nowrap">19, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8688.64px;left:990.53px;white-space:nowrap">2021</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:0px;letter-spacing:-1.08px;white-space:nowrap">We </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:316.76px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:757.09px;white-space:nowrap">served </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:1347.36px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:1587.48px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:1887.71px;white-space:nowrap">auditor </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:2488.1px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:2688.22px;white-space:nowrap">one </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:3038.55px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:3248.61px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:3708.72px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:4629.11px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:5549.59px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:5739.7px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:6039.93px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:6726.88px;letter-spacing:-2px;white-space:nowrap">Templeton </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:7607.37px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:8157.66px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:8357.78px;white-space:nowrap">Funds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:8908.07px;white-space:nowrap">since </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9118.64px;left:9378.28px;white-space:nowrap">1948.</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">By </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:260.07px;letter-spacing:-0.95px;white-space:nowrap">mid-February, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1416.97px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1707.1px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2647.53px;white-space:nowrap">related </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3247.91px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3448.04px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3598.15px;white-space:nowrap">shareholder&#39;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4723.15px;white-space:nowrap">proportionate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5833.92px;white-space:nowrap">share </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6334.19px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6534.32px;white-space:nowrap">distributions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7544.79px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7935.12px;white-space:nowrap">during </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8485.49px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8785.72px;white-space:nowrap">preceding </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;white-space:nowrap">calendar </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:740.48px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1140.64px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1440.62px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1690.84px;white-space:nowrap">received, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2471.22px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2611.23px;white-space:nowrap">applicable. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3521.87px;white-space:nowrap">Please </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4122.25px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4502.46px;white-space:nowrap">refer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4922.58px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5122.71px;letter-spacing:-0.38px;white-space:nowrap">www.franklintempleton.com </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7363.56px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7623.63px;white-space:nowrap">per </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7933.8px;white-space:nowrap">share </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8434.07px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8724.2px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:0px;white-space:nowrap">related </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:600.38px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:800.51px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1140.73px;white-space:nowrap">distributions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2151.21px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2541.53px;white-space:nowrap">during </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3091.9px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3392.14px;white-space:nowrap">preceding </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4232.72px;white-space:nowrap">calendar </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4973.2px;letter-spacing:-1.66px;white-space:nowrap">year. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5413.45px;white-space:nowrap">Shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6534.14px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6844.31px;white-space:nowrap">advised </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7514.74px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7714.86px;white-space:nowrap">consult </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8335.2px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8705.3px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:9105.47px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:9395.6px;white-space:nowrap">advisors </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:0px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:260.07px;white-space:nowrap">further </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:830.3px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1770.73px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2020.96px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2321.19px;white-space:nowrap">treatment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3131.54px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3331.67px;white-space:nowrap">these </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3822.01px;white-space:nowrap">amounts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:4562.4px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:4812.63px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5212.79px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5502.92px;white-space:nowrap">returns.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:360.18px;white-space:nowrap">following </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:1110.59px;white-space:nowrap">tax </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:1400.71px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2341.14px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2601.21px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2901.45px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:3361.73px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:3541.73px;white-space:nowrap">required </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:4252.15px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:4452.28px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:4702.5px;white-space:nowrap">furnished </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:5492.99px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:5693.12px;white-space:nowrap">shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:6783.75px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:7153.86px;white-space:nowrap">respect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:7794.14px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:7994.27px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:8624.53px;white-space:nowrap">earned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:9235.02px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:0px;white-space:nowrap">distributions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:1010.48px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:1400.8px;white-space:nowrap">during </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:1951.17px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:2181.18px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:2641.29px;letter-spacing:-1.99px;white-space:nowrap">year.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:820.46px;white-space:nowrap">hereby </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:1420.84px;white-space:nowrap">reports </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:2031.06px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:2331.3px;white-space:nowrap">following </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:3081.71px;white-space:nowrap">amounts, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:3872.11px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:4082.17px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:4222.18px;white-space:nowrap">subsequently </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:5332.94px;white-space:nowrap">determined </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:6283.48px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:6483.6px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:6733.83px;letter-spacing:-0.3px;white-space:nowrap">different, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:7480.99px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:7781.22px;white-space:nowrap">maximum </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:8611.26px;white-space:nowrap">allowable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:0px;white-space:nowrap">amounts, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:790.4px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:1050.47px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:1350.7px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:1810.81px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:2210.98px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:2751.59px;white-space:nowrap">August </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:3361.99px;white-space:nowrap">31, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:3662.23px;white-space:nowrap">2021:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2522.06px;left:5760px;white-space:nowrap">Pursuant </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2522.06px;left:6444.84px;white-space:nowrap">to:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2522.06px;left:7920px;white-space:nowrap">Amount</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2723.54px;left:0px;white-space:nowrap">Dividends </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2723.54px;left:747.03px;white-space:nowrap">Received </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2723.54px;left:1458.52px;white-space:nowrap">Deduction </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2723.54px;left:2223.44px;white-space:nowrap">(DRD)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2723.54px;left:5760px;white-space:nowrap">&#167;854(b)(1)(A)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2723.54px;left:7920px;white-space:nowrap">$2,820,948</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2920.03px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">Qualified </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2920.03px;left:675.94px;white-space:nowrap">Dividend </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2920.03px;left:1342.97px;white-space:nowrap">Income </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2920.03px;left:1912.11px;white-space:nowrap">(QDI)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2920.03px;left:5760px;white-space:nowrap">&#167;854(b)(1)(B)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2920.03px;left:7920px;white-space:nowrap">$3,005,230</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3116.51px;left:0px;white-space:nowrap">Interest-Related </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3116.51px;left:1182.81px;white-space:nowrap">Dividends</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3116.51px;left:5760px;white-space:nowrap">&#167;871(k)(1)(C)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3116.51px;left:7920px;white-space:nowrap">$6,795,270</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:-21.36px;left:0px;white-space:nowrap">Share </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:-21.36px;left:550.28px;white-space:nowrap">Repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:-21.36px;left:1630.72px;white-space:nowrap">Program</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:408.64px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:408.64px;left:360.18px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:408.64px;left:947.2px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:408.64px;left:1477.53px;white-space:nowrap">previously </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:408.64px;left:2337.89px;white-space:nowrap">authorized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:408.64px;left:3228.49px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:408.64px;left:3478.71px;white-space:nowrap">open-market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:0px;white-space:nowrap">share </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:500.27px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:1450.81px;white-space:nowrap">program, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:2221.08px;white-space:nowrap">pursuant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:2971.58px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:3171.71px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:3681.91px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:3982.15px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:4442.43px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:0px;white-space:nowrap">purchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:790.49px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:1250.77px;white-space:nowrap">shares, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:1891.05px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:2301.06px;white-space:nowrap">time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:2691.12px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:2891.25px;white-space:nowrap">time, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:3331.32px;white-space:nowrap">up </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:3581.54px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:3781.67px;white-space:nowrap">10% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:4191.94px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:4392.07px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:0px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:587.02px;white-space:nowrap">common </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:1327.24px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:1917.51px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2107.62px;white-space:nowrap">open-market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:3168.11px;white-space:nowrap">transactions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:4238.61px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:4438.74px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:0px;white-space:nowrap">discretion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:820.37px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:1020.5px;white-space:nowrap">management. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:2167.91px;white-space:nowrap">This </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:2557.97px;white-space:nowrap">authorization </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:3638.67px;white-space:nowrap">remains </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:4328.88px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:0px;letter-spacing:-0.46px;white-space:nowrap">effect.</div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:2088.64px;left:0px;white-space:nowrap">Information </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:2088.64px;left:1033.24px;white-space:nowrap">About </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:2088.64px;left:1603.04px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:2088.64px;left:1923.05px;letter-spacing:-0.95px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:2088.64px;left:2556.3px;white-space:nowrap">Goal </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:2088.64px;left:3006.39px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:2088.64px;left:3376.41px;white-space:nowrap">Main </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:2338.64px;left:0px;white-space:nowrap">Investments, </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:2338.64px;left:1150.4px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:2338.64px;left:1960.66px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:2338.64px;left:2960.95px;letter-spacing:-1.34px;white-space:nowrap">Strategy, </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:2338.64px;left:3767.87px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:2588.64px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:2588.64px;left:810.26px;white-space:nowrap">Risks</div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:3018.64px;left:0px;letter-spacing:-1.26px;white-space:nowrap">Your </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:3018.64px;left:453.79px;letter-spacing:-0.39px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:3018.64px;left:1091.1px;letter-spacing:0.07px;white-space:nowrap">Goal </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:3018.64px;left:1541.64px;letter-spacing:0.07px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:3018.64px;left:1912.02px;letter-spacing:0.07px;white-space:nowrap">Main </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:3018.64px;left:2372.49px;letter-spacing:0.08px;white-space:nowrap">Investments</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3448.64px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3448.64px;left:360.18px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3448.64px;left:947.2px;white-space:nowrap">primary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3448.64px;left:1597.24px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3448.64px;left:2517.63px;white-space:nowrap">objective </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3448.64px;left:3278.06px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3448.64px;left:3458.06px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3448.64px;left:3658.18px;white-space:nowrap">provide </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3448.64px;left:4298.55px;white-space:nowrap">high, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3698.64px;left:0px;white-space:nowrap">current </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3698.64px;left:610.22px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3698.64px;left:1240.49px;white-space:nowrap">consistent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3698.64px;left:2100.94px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3698.64px;left:2471.04px;white-space:nowrap">preservation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3698.64px;left:3511.58px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3698.64px;left:3711.71px;white-space:nowrap">capital. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3698.64px;left:4332.04px;white-space:nowrap">Its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3948.64px;left:0px;white-space:nowrap">secondary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3948.64px;left:880.49px;white-space:nowrap">objective </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3948.64px;left:1640.92px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3948.64px;left:1820.92px;white-space:nowrap">growth </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3948.64px;left:2411.19px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3948.64px;left:2611.32px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3948.64px;left:3241.58px;white-space:nowrap">through </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3948.64px;left:3902.08px;white-space:nowrap">dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4198.64px;left:0px;white-space:nowrap">increases </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4198.64px;left:820.37px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4198.64px;left:1170.7px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4198.64px;left:1741.03px;white-space:nowrap">appreciation.</div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:4628.64px;left:0px;letter-spacing:0.08px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:4628.64px;left:811.16px;letter-spacing:0.08px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:4628.64px;left:1812.44px;letter-spacing:0.07px;white-space:nowrap">Strategy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5058.64px;left:0px;letter-spacing:-1.08px;white-space:nowrap">We </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5058.64px;left:316.76px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5058.64px;left:836.98px;white-space:nowrap">primarily </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5058.64px;left:1567px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5058.64px;left:1757.11px;white-space:nowrap">two </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5058.64px;left:2087.23px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5058.64px;left:2567.46px;white-space:nowrap">classes: </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5058.64px;left:3267.69px;white-space:nowrap">high-yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5308.64px;left:0px;white-space:nowrap">bonds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5308.64px;left:540.44px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5308.64px;left:890.77px;white-space:nowrap">utility </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5308.64px;left:1350.88px;white-space:nowrap">stocks. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5308.64px;left:1961.02px;white-space:nowrap">Within </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5308.64px;left:2511.12px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5308.64px;left:2811.36px;white-space:nowrap">high-yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5308.64px;left:3631.82px;white-space:nowrap">portion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5308.64px;left:4232.2px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5558.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5558.64px;left:300.23px;white-space:nowrap">portfolio, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5558.64px;left:1040.63px;white-space:nowrap">we </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5558.64px;left:1320.73px;white-space:nowrap">use </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5558.64px;left:1660.96px;white-space:nowrap">fundamental </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5558.64px;left:2701.67px;white-space:nowrap">research </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5558.64px;left:3451.99px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5558.64px;left:3652.12px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5558.64px;left:4172.34px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5558.64px;left:4362.45px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5808.64px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">diversified </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5808.64px;left:860.36px;white-space:nowrap">portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5808.64px;left:1550.74px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5808.64px;left:1750.87px;white-space:nowrap">bonds. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5808.64px;left:2341.32px;white-space:nowrap">Within </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5808.64px;left:2891.43px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5808.64px;left:3191.66px;white-space:nowrap">utility </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5808.64px;left:3651.77px;white-space:nowrap">portion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5808.64px;left:4252.15px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5808.64px;left:4452.28px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:0px;white-space:nowrap">portfolio, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:740.39px;white-space:nowrap">we </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:1020.5px;white-space:nowrap">focus </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:1500.73px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:1750.96px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:2671.44px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:3041.54px;white-space:nowrap">attractive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:3821.84px;white-space:nowrap">dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6308.64px;left:0px;white-space:nowrap">yields </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6308.64px;left:510.21px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6308.64px;left:860.54px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6308.64px;left:1230.64px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6308.64px;left:1380.76px;white-space:nowrap">history </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6308.64px;left:1960.93px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6308.64px;left:2161.05px;white-space:nowrap">increasing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6308.64px;left:3031.52px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6308.64px;left:3431.69px;white-space:nowrap">dividends. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:0px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:200.13px;white-space:nowrap">seeking </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:870.56px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:1070.68px;white-space:nowrap">obtain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:1611.12px;white-space:nowrap">higher </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:2161.49px;white-space:nowrap">income, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:2841.77px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:3142px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:3602.29px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:3992.34px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:4512.57px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:0px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:150.12px;text-rendering:optimizeLegibility;white-space:nowrap">significant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:1000.55px;white-space:nowrap">portion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:1600.93px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:1801.05px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:2031.06px;white-space:nowrap">portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:2721.45px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:2911.55px;white-space:nowrap">lower-rated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:3861.91px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:4261.99px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:0px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:810.26px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:1160.51px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:1600.84px;white-space:nowrap">high </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:1991.16px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:2621.43px;white-space:nowrap">producing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:3462.01px;white-space:nowrap">characteristics, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:0px;white-space:nowrap">including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:760.52px;white-space:nowrap">obligations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:1671.15px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:1871.28px;white-space:nowrap">corporations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:2911.82px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:3262.15px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:3722.43px;white-space:nowrap">business </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:0px;white-space:nowrap">organizations. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:1170.7px;white-space:nowrap">Lower-rated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:2181.18px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:2991.45px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:3771.91px;white-space:nowrap">pay </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:4112.14px;white-space:nowrap">higher </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:0px;white-space:nowrap">yields </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:510.21px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:910.55px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:1370.65px;white-space:nowrap">highly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:1890.97px;white-space:nowrap">rated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:2351.25px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:3161.51px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:3361.64px;white-space:nowrap">compensate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:0px;white-space:nowrap">investors </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:770.27px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:1030.34px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:1330.58px;white-space:nowrap">higher </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:1880.95px;white-space:nowrap">risk. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:2257.65px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:2617.82px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:3078.11px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:3468.16px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:3848.38px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:4368.6px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:0px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:630.26px;white-space:nowrap">producing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:1470.85px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:1871.19px;white-space:nowrap">obligations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:2781.83px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:2981.95px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:3282.19px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:3682.27px;white-space:nowrap">Government, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:0px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:230.01px;white-space:nowrap">agencies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:1000.55px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:1350.88px;white-space:nowrap">instrumentalities, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:2751.42px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:3101.75px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:3702.13px;white-space:nowrap">governments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8988.64px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8988.64px;left:350.33px;white-space:nowrap">supranational </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8988.64px;left:1481.13px;white-space:nowrap">organizations. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8988.64px;left:2651.84px;white-space:nowrap">Under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8988.64px;left:3192.1px;white-space:nowrap">normal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8988.64px;left:3792.3px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:0px;white-space:nowrap">conditions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:910.55px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:1210.78px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:1671.06px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:2451.53px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:2751.5px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:3271.73px;white-space:nowrap">between </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:4002.28px;white-space:nowrap">60% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:350.33px;white-space:nowrap">80% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:760.61px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:960.73px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:1190.74px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:1580.98px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:2151.21px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:2341.32px;white-space:nowrap">high </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:2731.64px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:3361.9px;white-space:nowrap">producing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:4202.49px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:0px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:810.26px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:1010.39px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:1410.47px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:1760.8px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:2361.18px;white-space:nowrap">issuers, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:3031.35px;white-space:nowrap">allocated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:3801.88px;white-space:nowrap">among </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:0px;white-space:nowrap">issuers, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:670.17px;white-space:nowrap">geographic </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:1610.86px;white-space:nowrap">regions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:2301.24px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:2651.57px;white-space:nowrap">currency </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:3391.79px;white-space:nowrap">denominations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:190.11px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:340.22px;white-space:nowrap">manner </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:1000.55px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:1350.79px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:1530.79px;white-space:nowrap">consistent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:2391.24px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:2761.35px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:2991.36px;white-space:nowrap">objectives </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:3841.79px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:0px;white-space:nowrap">upon </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:450.44px;white-space:nowrap">relative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:1080.7px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:1720.99px;white-space:nowrap">rates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:2171.16px;white-space:nowrap">among </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:2771.54px;white-space:nowrap">various </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:3401.81px;white-space:nowrap">instruments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:0px;white-space:nowrap">denominated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:1090.81px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:1280.92px;letter-spacing:-0.33px;white-space:nowrap">different </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:1978.07px;white-space:nowrap">currencies, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:2908.39px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:3208.62px;white-space:nowrap">outlook </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:3839.06px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:4099.13px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10988.64px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10988.64px;left:190.11px;white-space:nowrap">these </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10988.64px;left:680.45px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10988.64px;left:1320.73px;white-space:nowrap">rates, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10988.64px;left:1820.92px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10988.64px;left:2171.25px;white-space:nowrap">anticipated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10988.64px;left:3091.9px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10988.64px;left:3822.45px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10988.64px;left:4012.56px;white-space:nowrap">currency </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11238.64px;left:0px;white-space:nowrap">exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11238.64px;left:830.65px;white-space:nowrap">rates.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5220px;white-space:nowrap">Under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5760.26px;white-space:nowrap">normal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6360.47px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6960.59px;white-space:nowrap">conditions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7871.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8171.37px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8631.65px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8931.62px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5220px;white-space:nowrap">approximately </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6390.53px;white-space:nowrap">20% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6800.8px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7000.93px;white-space:nowrap">40% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7411.2px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7611.33px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7841.34px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8411.57px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8601.68px;white-space:nowrap">dividend-paying </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5220px;white-space:nowrap">common </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5960.21px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6310.55px;white-space:nowrap">preferred </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7090.93px;white-space:nowrap">stocks. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7697.81px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8057.99px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8518.27px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8818.24px;white-space:nowrap">emphasize </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5220px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6140.39px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6330.5px;white-space:nowrap">common </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7070.71px;white-space:nowrap">stocks </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7630.84px;white-space:nowrap">paying </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8211.27px;white-space:nowrap">high </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8601.59px;white-space:nowrap">current </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:9211.82px;white-space:nowrap">dividends </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5220px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5590.11px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5740.22px;white-space:nowrap">focus </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6220.46px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6470.68px;white-space:nowrap">public </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6991px;white-space:nowrap">utility </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7451.1px;white-space:nowrap">companies. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8418.34px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8778.52px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:9238.8px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:9628.86px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5220px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5740.22px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5930.33px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6230.57px;white-space:nowrap">equity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6760.9px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:7111.23px;white-space:nowrap">convertible </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:8031.71px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:8841.97px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:9042.1px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:5220px;white-space:nowrap">engaged </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:5970.76px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:6160.87px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:6461.1px;white-space:nowrap">business </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:7221.53px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:7421.66px;white-space:nowrap">extracting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:8252.05px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:8602.38px;white-space:nowrap">processing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:5220px;white-space:nowrap">precious </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:5950.37px;white-space:nowrap">metals </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:6530.54px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:6880.87px;white-space:nowrap">natural </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:7481.25px;white-space:nowrap">resources, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:8371.58px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:8801.81px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:9041.92px;white-space:nowrap">gold </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:9432.25px;white-space:nowrap">mining </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:5220px;white-space:nowrap">stocks. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:5220px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:5580.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:6040.46px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:6430.52px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:6810.73px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:7330.96px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:7481.07px;white-space:nowrap">small </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:7951.11px;white-space:nowrap">portion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:8551.49px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:8751.62px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:8981.63px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:9371.87px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:5220px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:5410.11px;white-space:nowrap">loans </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:5890.43px;white-space:nowrap">originated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:6731.02px;white-space:nowrap">through </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:7391.51px;white-space:nowrap">on-line </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:7981.88px;white-space:nowrap">marketplace </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:9012.3px;white-space:nowrap">lending </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:5220px;white-space:nowrap">platforms </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:6010.22px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:6360.47px;white-space:nowrap">provide </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:7000.84px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:7150.96px;white-space:nowrap">marketplace </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:8181.39px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:8441.46px;white-space:nowrap">lending </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:9071.98px;white-space:nowrap">through </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:9732.48px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:5220px;white-space:nowrap">purchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:6010.49px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:6210.62px;white-space:nowrap">loans </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:6690.94px;white-space:nowrap">(either </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:7251.15px;white-space:nowrap">individually </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:8181.65px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:8391.71px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:8581.82px;white-space:nowrap">aggregations) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:5220px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:5570.33px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:6030.62px;white-space:nowrap">types </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:6510.85px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:6710.98px;white-space:nowrap">marketplace </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:7741.41px;white-space:nowrap">lending </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3408.64px;left:8371.93px;white-space:nowrap">instruments </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3408.64px;left:9352.27px;white-space:nowrap">(See </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3408.64px;left:9782.49px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3658.64px;left:5220px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3658.64px;left:5740.22px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3658.64px;left:5940.35px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3658.64px;left:6710.71px;white-space:nowrap">Statements </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3658.64px;left:7671.18px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3658.64px;left:7931.25px;white-space:nowrap">further </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:3658.64px;left:8501.48px;white-space:nowrap">information).</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:5220px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:6060.32px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:6450.38px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:6700.61px;white-space:nowrap">purchased </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:7591.2px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:7831.32px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:8131.55px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:8591.84px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:8842.06px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:8992.18px;white-space:nowrap">&#8220;when </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:5220px;white-space:nowrap">issued&#8221; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:5850.26px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:6060.32px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:6310.55px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:6460.66px;white-space:nowrap">&#8220;forward </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:7170.82px;white-space:nowrap">delivery&#8221; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:7901.02px;white-space:nowrap">basis, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:8421.24px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:8931.45px;white-space:nowrap">means </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:9521.72px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:5520.23px;white-space:nowrap">obligations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:6430.87px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:6730.84px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:6981.06px;white-space:nowrap">delivered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:7761.53px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:7961.66px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:8111.78px;white-space:nowrap">future </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:8622.07px;white-space:nowrap">date </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:9022.41px;white-space:nowrap">beyond </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:5220px;white-space:nowrap">customary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:6100.22px;white-space:nowrap">settlement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:6980.63px;white-space:nowrap">time.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:5220px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:5580.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:6040.46px;white-space:nowrap">employs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:6760.72px;white-space:nowrap">leverage </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:7501.2px;white-space:nowrap">through </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:8161.7px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:8461.93px;white-space:nowrap">issuance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:9222.36px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:9422.49px;white-space:nowrap">senior </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:5220px;text-rendering:optimizeLegibility;white-space:nowrap">fixed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:5650.22px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:6010.4px;white-space:nowrap">notes </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5518.64px;left:6500.74px;white-space:nowrap">(See </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5518.64px;left:6930.97px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5518.64px;left:7231.2px;white-space:nowrap">Notes </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5518.64px;left:7751.43px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5518.64px;left:7951.55px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5518.64px;left:8721.91px;white-space:nowrap">Statements </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5518.64px;left:9682.38px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5768.64px;left:5220px;white-space:nowrap">further </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;position:absolute;top:5768.64px;left:5790.23px;white-space:nowrap">information). </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:5220px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:5580.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:6040.46px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:6430.52px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:6810.73px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:7330.96px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:7521.06px;white-space:nowrap">short-term </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:8391.18px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:8791.26px;white-space:nowrap">government </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:5220px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:6030.26px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:6380.6px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:6840.88px;white-space:nowrap">money </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:7431.15px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:8031.27px;white-space:nowrap">instruments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:9011.6px;white-space:nowrap">(including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:5220px;text-rendering:optimizeLegibility;white-space:nowrap">certificates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:6130.28px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:6330.41px;white-space:nowrap">deposit, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:7010.86px;white-space:nowrap">commercial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:7981px;letter-spacing:-1.42px;white-space:nowrap">paper, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:8531.46px;letter-spacing:-0.74px;white-space:nowrap">bankers&#8217; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:5220px;white-space:nowrap">acceptances, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:6330.67px;white-space:nowrap">short-term </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:7200.79px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:7801.17px;white-space:nowrap">government </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:8801.72px;white-space:nowrap">securities, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:9661.99px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:5220px;white-space:nowrap">repurchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:6170.54px;white-space:nowrap">agreements) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:7231.03px;white-space:nowrap">although </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:7971.68px;white-space:nowrap">it </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:8111.69px;white-space:nowrap">typically </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:8801.89px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:9101.87px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:9402.1px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:5220px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:5680.11px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:6080.45px;white-space:nowrap">5% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:6390.62px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:6590.74px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:6820.75px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:7210.99px;white-space:nowrap">assets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:7781.22px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:7971.33px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:8401.55px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:9211.82px;white-space:nowrap">except </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:9792.16px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:5220px;white-space:nowrap">temporary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:6080.27px;white-space:nowrap">defensive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:6900.82px;white-space:nowrap">purposes.</div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:8128.64px;left:5220px;letter-spacing:0.08px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:8128.64px;left:6031.16px;letter-spacing:0.08px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:8128.64px;left:7032.44px;letter-spacing:0.07px;white-space:nowrap">Risks</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:5220px;letter-spacing:-4.13px;white-space:nowrap">You </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:5573.76px;white-space:nowrap">could </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:6054.08px;white-space:nowrap">lose </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:6434.3px;white-space:nowrap">money </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:7024.57px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:7264.69px;white-space:nowrap">investing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:8025.12px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:8215.22px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:8515.46px;white-space:nowrap">Fund. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:9025.75px;white-space:nowrap">Closed-end </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:5220px;white-space:nowrap">fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:5620.34px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:6210.62px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:6520.78px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:6821.02px;white-space:nowrap">deposits </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:7541.46px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:7751.51px;white-space:nowrap">obligations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:8662.15px;white-space:nowrap">of, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:8912.29px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:9122.34px;white-space:nowrap">guaranteed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:5220px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:5430.06px;white-space:nowrap">endorsed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:6230.65px;letter-spacing:-3.34px;white-space:nowrap">by, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:6507.42px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:6847.65px;white-space:nowrap">bank, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:7337.99px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:7688.32px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:7998.49px;white-space:nowrap">not </div><div style="font-family:Arial, 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sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:9988.64px;left:6154.3px;letter-spacing:0.07px;white-space:nowrap">Debt </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:9988.64px;left:6604.75px;letter-spacing:0.08px;white-space:nowrap">Securities</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10418.64px;left:5220px;white-space:nowrap">Issuers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10418.64px;left:5850.18px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10418.64px;left:6050.3px;white-space:nowrap">lower-rated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10418.64px;left:7000.66px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10418.64px;left:7210.72px;white-space:nowrap">&#8220;high-yield&#8221; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10418.64px;left:8151.06px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10418.64px;left:8551.41px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10418.64px;left:9361.67px;white-space:nowrap">(also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:5220px;white-space:nowrap">known </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:5790.32px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:6030.44px;white-space:nowrap">&#8220;junk </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:6470.6px;white-space:nowrap">bonds&#8221;) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:7130.92px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:7441.08px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:7741.32px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:7981.44px;white-space:nowrap">strong </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:8531.72px;text-rendering:optimizeLegibility;white-space:nowrap">financially </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:9372.13px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10918.64px;left:5220px;white-space:nowrap">those </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10918.64px;left:5710.34px;white-space:nowrap">issuing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10918.64px;left:6320.65px;white-space:nowrap">higher </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10918.64px;left:6871.03px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10918.64px;left:7361.19px;white-space:nowrap">quality </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10918.64px;left:7931.51px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10918.64px;left:8331.86px;white-space:nowrap">securities. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10918.64px;left:9192.13px;white-space:nowrap">High-yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:5220px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:5620.34px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:6430.61px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:6740.77px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:7521.24px;white-space:nowrap">considered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:8451.83px;white-space:nowrap">predominantly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:5220px;white-space:nowrap">speculative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:6170.54px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:6410.65px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:6710.89px;white-space:nowrap">applicable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:7571.51px;white-space:nowrap">rating </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:8071.79px;white-space:nowrap">agencies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:8842.32px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:9082.44px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:5220px;white-space:nowrap">issuers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:5840.16px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:6150.32px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:6610.43px;white-space:nowrap">likely </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:7060.52px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:7260.64px;white-space:nowrap">encounter </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:8111.25px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:8821.67px;text-rendering:optimizeLegibility;white-space:nowrap">difficulties </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11918.64px;left:5220px;white-space:nowrap">because </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11918.64px;left:5950.55px;white-space:nowrap">they </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11918.64px;left:6340.78px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11918.64px;left:6730.84px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11918.64px;left:6981.06px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11918.64px;left:7441.17px;white-space:nowrap">highly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11918.64px;left:7961.48px;white-space:nowrap">leveraged, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11918.64px;left:8852.08px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11918.64px;left:9062.14px;white-space:nowrap">because </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11918.64px;left:9792.69px;white-space:nowrap">of </div></div>
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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:460.28px;white-space:nowrap">considerations. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1720.99px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1921.11px;white-space:nowrap">addition, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2651.66px;white-space:nowrap">high </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3041.98px;white-space:nowrap">yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3462.19px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3862.53px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:780.47px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1090.63px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1550.74px;white-space:nowrap">vulnerable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2431.32px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2631.45px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3361.99px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3552.1px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3852.33px;white-space:nowrap">relevant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:0px;letter-spacing:-1.48px;white-space:nowrap">economy, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:817.03px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1247.26px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1487.37px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1637.49px;white-space:nowrap">recession </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2457.86px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2667.92px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2818.04px;white-space:nowrap">sustained </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3638.58px;white-space:nowrap">period </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4188.96px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4389.08px;white-space:nowrap">rising </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:0px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:640.28px;white-space:nowrap">rates, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1140.47px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1490.71px;white-space:nowrap">could </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1971.04px;letter-spacing:-0.46px;white-space:nowrap">affect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2458.04px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2858.2px;white-space:nowrap">ability </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3368.41px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3568.54px;white-space:nowrap">make </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:4058.7px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:350.33px;white-space:nowrap">principal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:1070.68px;white-space:nowrap">payments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:1901.07px;white-space:nowrap">when </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:2381.4px;white-space:nowrap">due. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:2778.49px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:3138.66px;white-space:nowrap">prices </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:3668.82px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:3868.95px;white-space:nowrap">high-yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:0px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:400.34px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:1210.61px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:1991.07px;text-rendering:optimizeLegibility;white-space:nowrap">fluctuate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:2721.53px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:3181.64px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:3581.98px;white-space:nowrap">those </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:4072.32px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:4272.45px;white-space:nowrap">higher </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:0px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:490.17px;letter-spacing:-1.48px;white-space:nowrap">quality. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:1097.14px;white-space:nowrap">High-yield </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:1947.48px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:2347.82px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:3158.09px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:3468.25px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:4248.72px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:0px;white-space:nowrap">illiquid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:550.28px;white-space:nowrap">(harder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:1180.55px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:1380.67px;white-space:nowrap">sell) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:1760.71px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:2111.04px;white-space:nowrap">harder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:2681.37px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:2881.49px;white-space:nowrap">value.</div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:2158.64px;left:0px;letter-spacing:0.08px;white-space:nowrap">Interest </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:2158.64px;left:701.03px;letter-spacing:0.05px;white-space:nowrap">Rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:0px;white-space:nowrap">When </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:520.22px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:1160.51px;white-space:nowrap">rates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:1610.68px;white-space:nowrap">rise, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:2000.74px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:2401.08px;white-space:nowrap">security </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:3071.25px;white-space:nowrap">prices </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:3601.41px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:4381.88px;white-space:nowrap">fall. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:360.18px;white-space:nowrap">opposite </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:1090.72px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:1270.72px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:1650.94px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:2431.41px;white-space:nowrap">true: </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:2841.59px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:3241.93px;white-space:nowrap">security </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:3912.1px;white-space:nowrap">prices </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:4442.26px;white-space:nowrap">rise </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:0px;white-space:nowrap">when </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:480.32px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:1120.61px;white-space:nowrap">rates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:1570.78px;white-space:nowrap">fall. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:1900.9px;white-space:nowrap">Interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:2551.2px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:2911.38px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:3641.92px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:3952.09px;text-rendering:optimizeLegibility;white-space:nowrap">influenced </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:0px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:240.12px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:390.23px;white-space:nowrap">number </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:1050.56px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:1250.68px;white-space:nowrap">factors, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:1890.88px;white-space:nowrap">including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:2651.4px;white-space:nowrap">government </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:3651.94px;letter-spacing:-1.67px;white-space:nowrap">policy, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:0px;white-space:nowrap">monetary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:800.33px;letter-spacing:-1.67px;white-space:nowrap">policy, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:1347.19px;text-rendering:optimizeLegibility;white-space:nowrap">inflation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:2017.62px;white-space:nowrap">expectations, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:3128.29px;white-space:nowrap">perceptions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:4108.89px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:4309.01px;white-space:nowrap">risk, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:350.33px;white-space:nowrap">supply </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:920.65px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:1120.78px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:1471.11px;white-space:nowrap">demand </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:2171.6px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:2431.67px;white-space:nowrap">bonds. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:3022.12px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:3222.25px;white-space:nowrap">general, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:3922.73px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:0px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:370.11px;white-space:nowrap">longer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:920.48px;white-space:nowrap">maturities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:1750.69px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:1960.75px;white-space:nowrap">durations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:2751.24px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:3061.41px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:3521.51px;white-space:nowrap">sensitive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:4271.84px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:0px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:640.28px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:1000.46px;white-space:nowrap">changes.</div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:4768.64px;left:0px;letter-spacing:0.07px;white-space:nowrap">Credit</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5198.64px;left:0px;white-space:nowrap">An </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5198.64px;left:270.18px;white-space:nowrap">issuer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5198.64px;left:800.33px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5198.64px;left:1000.46px;white-space:nowrap">debt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5198.64px;left:1400.8px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5198.64px;left:2211.06px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5198.64px;left:2601.12px;white-space:nowrap">fail </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5198.64px;left:2881.23px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5198.64px;left:3081.36px;white-space:nowrap">make </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5198.64px;left:3571.52px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5448.64px;left:0px;white-space:nowrap">payments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5448.64px;left:830.39px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5448.64px;left:1040.45px;white-space:nowrap">repay </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5448.64px;left:1540.72px;white-space:nowrap">principal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5448.64px;left:2261.07px;white-space:nowrap">when </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5448.64px;left:2741.4px;white-space:nowrap">due, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5448.64px;left:3141.74px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5448.64px;left:3331.85px;white-space:nowrap">whole </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5448.64px;left:3852.16px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5448.64px;left:4062.22px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5448.64px;left:4252.32px;white-space:nowrap">part. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:0px;white-space:nowrap">Changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:770.54px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:960.64px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:1210.87px;letter-spacing:0.38px;white-space:nowrap">issuer&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:1874.44px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:2584.86px;white-space:nowrap">strength </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:3285.26px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:3495.32px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:3685.43px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:3835.55px;letter-spacing:-0.3px;white-space:nowrap">security&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:4632.45px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:0px;letter-spacing:-0.25px;white-space:nowrap">government&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:1127.29px;white-space:nowrap">credit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:1617.45px;white-space:nowrap">rating </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:2117.72px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:2507.78px;letter-spacing:-0.46px;white-space:nowrap">affect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:2994.79px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:3144.9px;letter-spacing:-0.3px;white-space:nowrap">security&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:3941.81px;white-space:nowrap">value.</div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:6378.64px;left:0px;letter-spacing:0.08px;white-space:nowrap">Utilities </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:6378.64px;left:701.04px;letter-spacing:0.08px;white-space:nowrap">Industry</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6808.64px;left:0px;white-space:nowrap">Utility </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6808.64px;left:489.99px;white-space:nowrap">company </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6808.64px;left:1270.37px;white-space:nowrap">equity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6808.64px;left:1800.7px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6808.64px;left:2610.97px;white-space:nowrap">historically </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6808.64px;left:3501.21px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6808.64px;left:3941.54px;white-space:nowrap">been </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:0px;white-space:nowrap">sensitive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:750.32px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:950.45px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:1590.73px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:1950.91px;white-space:nowrap">movements: </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:2981.25px;white-space:nowrap">when </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:3461.57px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7058.64px;left:4101.86px;white-space:nowrap">rates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7308.64px;left:0px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7308.64px;left:440.33px;white-space:nowrap">risen, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7308.64px;left:930.5px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7308.64px;left:1230.73px;white-space:nowrap">stock </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7308.64px;left:1700.86px;white-space:nowrap">prices </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7308.64px;left:2231.02px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7308.64px;left:2431.14px;white-space:nowrap">these </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7308.64px;left:2921.48px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7308.64px;left:3841.96px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7308.64px;left:4282.29px;white-space:nowrap">tended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7558.64px;left:0px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7558.64px;left:200.13px;white-space:nowrap">fall. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7558.64px;left:530.24px;white-space:nowrap">Regulatory </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7558.64px;left:1450.72px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7558.64px;left:2181.27px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7558.64px;left:2371.38px;white-space:nowrap">certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7558.64px;left:2961.65px;white-space:nowrap">states </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7558.64px;left:3491.89px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7558.64px;left:3932.23px;white-space:nowrap">led </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7558.64px;left:4222.44px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7808.64px;left:0px;white-space:nowrap">greater </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7808.64px;left:620.33px;white-space:nowrap">competition </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7808.64px;left:1590.82px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7808.64px;left:1780.93px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7808.64px;left:2081.16px;white-space:nowrap">industry </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7808.64px;left:2761.44px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7808.64px;left:3111.77px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7808.64px;left:3412px;white-space:nowrap">emergence </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7808.64px;left:4362.54px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8058.64px;left:0px;white-space:nowrap">non-regulated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8058.64px;left:1160.86px;white-space:nowrap">providers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8058.64px;left:1951.17px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8058.64px;left:2191.29px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8058.64px;left:2341.41px;text-rendering:optimizeLegibility;white-space:nowrap">significant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8058.64px;left:3191.84px;white-space:nowrap">part </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8058.64px;left:3552.01px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8058.64px;left:3752.14px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8058.64px;left:4052.37px;letter-spacing:-1.34px;white-space:nowrap">industry, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8308.64px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8308.64px;left:350.33px;white-space:nowrap">could </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8308.64px;left:830.65px;white-space:nowrap">impact </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8308.64px;left:1410.82px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8308.64px;left:1711.05px;white-space:nowrap">operations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8308.64px;left:2601.65px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8308.64px;left:2801.78px;white-space:nowrap">regulated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8308.64px;left:3602.37px;white-space:nowrap">providers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:350.33px;white-space:nowrap">increase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:1080.7px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:1380.94px;white-space:nowrap">cost </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:1761.06px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:1961.19px;white-space:nowrap">compliance. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:2968.42px;white-space:nowrap">These </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:3518.7px;white-space:nowrap">trends </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:4068.98px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:0px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:380.21px;white-space:nowrap">made </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:880.49px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:1470.76px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:1670.89px;white-space:nowrap">some </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:2161.05px;white-space:nowrap">utility </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:2621.16px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:3541.64px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:3911.75px;white-space:nowrap">sensitive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:0px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:200.13px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:840.41px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:1200.59px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:1931.13px;white-space:nowrap">but </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:2231.37px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:2691.47px;white-space:nowrap">sensitive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:3441.8px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:3641.92px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:4372.47px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:0px;white-space:nowrap">revenue </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:700.49px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:1050.82px;white-space:nowrap">earnings </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:1791.3px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:2141.63px;white-space:nowrap">caused </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:2772.07px;white-space:nowrap">them </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:3222.25px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:3422.37px;white-space:nowrap">reduce </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:4022.75px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:4322.99px;white-space:nowrap">ratio </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:200.13px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:600.29px;white-space:nowrap">earnings </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:1340.77px;white-space:nowrap">they </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:1731.01px;white-space:nowrap">pay </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:2071.23px;white-space:nowrap">out </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:2371.46px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:2611.58px;white-space:nowrap">dividends. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:3472.12px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:3672.25px;white-space:nowrap">addition, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:300.23px;white-space:nowrap">industry </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:980.51px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:1160.51px;white-space:nowrap">subject </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:1780.84px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:1980.97px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:2131.08px;white-space:nowrap">variety </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:2711.25px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:2911.38px;white-space:nowrap">risks </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:3331.32px;text-rendering:optimizeLegibility;white-space:nowrap">specific </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:3981.53px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:4181.66px;white-space:nowrap">this </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:0px;white-space:nowrap">industry: </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:730.28px;white-space:nowrap">utilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:1330.49px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:1720.55px;text-rendering:optimizeLegibility;white-space:nowrap">find </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:2060.77px;white-space:nowrap">it </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:2200.78px;text-rendering:optimizeLegibility;white-space:nowrap">difficult </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:2811.01px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:3011.13px;white-space:nowrap">obtain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:3551.57px;white-space:nowrap">adequate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:0px;white-space:nowrap">returns </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:610.22px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:860.45px;white-space:nowrap">invested </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:1580.89px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:2151.21px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:2341.32px;white-space:nowrap">spite </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:2771.54px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:2971.67px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:3331.85px;white-space:nowrap">increases </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:4152.22px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:0px;white-space:nowrap">because </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:730.55px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:1090.72px;white-space:nowrap">increases </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:1911.09px;white-space:nowrap">become </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:2601.47px;white-space:nowrap">increasingly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:3601.93px;text-rendering:optimizeLegibility;white-space:nowrap">difficult </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:4212.16px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:0px;white-space:nowrap">obtain; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:590.45px;white-space:nowrap">they </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:980.68px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:1370.74px;white-space:nowrap">face </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:1760.98px;text-rendering:optimizeLegibility;white-space:nowrap">difficulty </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:2461.2px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:2651.31px;text-rendering:optimizeLegibility;white-space:nowrap">financing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:3421.85px;white-space:nowrap">large </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:3872.11px;white-space:nowrap">construction </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:0px;white-space:nowrap">programs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:810.26px;white-space:nowrap">during </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:1360.63px;text-rendering:optimizeLegibility;white-space:nowrap">inflationary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:2281.11px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:2631.45px;white-space:nowrap">rising </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:3111.59px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:3751.88px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:4112.05px;white-space:nowrap">periods; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:0px;white-space:nowrap">utilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:600.21px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:910.37px;white-space:nowrap">subject </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:1530.7px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:1730.83px;white-space:nowrap">many </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:2221px;white-space:nowrap">restrictions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:3141.21px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:3391.44px;white-space:nowrap">operations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:4282.03px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:0px;white-space:nowrap">increased </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:830.48px;white-space:nowrap">costs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:1300.61px;white-space:nowrap">due </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:1650.94px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:1851.06px;white-space:nowrap">environmental </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:3031.7px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:3382.03px;white-space:nowrap">safety </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:3912.28px;white-space:nowrap">regulations; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:0px;white-space:nowrap">utilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:600.21px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:990.26px;white-space:nowrap">face </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:1380.5px;text-rendering:optimizeLegibility;white-space:nowrap">difficulties </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:2220.82px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:2410.93px;white-space:nowrap">obtaining </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:3191.57px;white-space:nowrap">fuel </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:3531.8px;white-space:nowrap">sources, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:4262.08px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5220px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5460.12px;white-space:nowrap">coal, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5890.34px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6150.41px;white-space:nowrap">electric </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6770.57px;white-space:nowrap">generation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7671.27px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7871.4px;white-space:nowrap">reasonable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8812.09px;white-space:nowrap">prices; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9392.26px;white-space:nowrap">utilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5220px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5610.06px;white-space:nowrap">face </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6000.29px;white-space:nowrap">risks </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6420.23px;white-space:nowrap">associated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7330.78px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7700.89px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8001.12px;white-space:nowrap">operation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8801.72px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9001.85px;white-space:nowrap">nuclear </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5220px;white-space:nowrap">power </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5760.26px;white-space:nowrap">plants </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6290.6px;white-space:nowrap">(including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7111.05px;white-space:nowrap">litigation, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7871.48px;white-space:nowrap">issues </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8431.7px;white-space:nowrap">associated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:9342.25px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5520.23px;white-space:nowrap">use </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5860.46px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6060.59px;white-space:nowrap">radioactive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6981.06px;white-space:nowrap">materials </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7761.27px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8111.6px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8411.84px;letter-spacing:-0.41px;white-space:nowrap">effects </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8988.84px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:9188.96px;white-space:nowrap">natural </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:9789.35px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5220px;white-space:nowrap">man-made </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6130.37px;white-space:nowrap">disasters); </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7010.6px;white-space:nowrap">utilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7610.8px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8000.86px;white-space:nowrap">face </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8391.09px;white-space:nowrap">greater </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:9011.43px;white-space:nowrap">demands </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5220px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5410.11px;white-space:nowrap">providing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6190.58px;white-space:nowrap">reliable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6820.93px;white-space:nowrap">service </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:7441.08px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:7811.19px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:8111.43px;white-space:nowrap">increasing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:8981.89px;white-space:nowrap">complexity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:5220px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:5420.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:5720.36px;white-space:nowrap">power </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:6260.62px;white-space:nowrap">grid; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:6660.79px;white-space:nowrap">utilities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:7261px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:7641.21px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:8031.27px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:8281.49px;white-space:nowrap">subject </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:8901.83px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:9101.95px;white-space:nowrap">adverse </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:5220px;letter-spacing:-0.41px;white-space:nowrap">effects </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:5797px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:5997.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:6297.36px;white-space:nowrap">results </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:6877.53px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:7077.66px;white-space:nowrap">energy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:7678.04px;white-space:nowrap">conservation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:8748.63px;white-space:nowrap">programs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:5220px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:5460.12px;white-space:nowrap">well </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:5820.21px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:6060.32px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:6520.61px;white-space:nowrap">factors </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:7110.79px;letter-spacing:-0.33px;white-space:nowrap">affecting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:7838px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:8138.23px;white-space:nowrap">level </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:8558.44px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:8758.56px;white-space:nowrap">demand </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:9459.05px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2228.64px;left:5220px;white-space:nowrap">services. </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:2658.64px;left:5220px;letter-spacing:0.07px;white-space:nowrap">Market</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:5220px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:5580.18px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:6180.29px;white-space:nowrap">values </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:6750.62px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:6950.74px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:7761.01px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:7971.06px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:8431.35px;white-space:nowrap">investments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:5220px;white-space:nowrap">owned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:5800.43px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:6040.55px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:6340.78px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:6801.06px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:7101.04px;white-space:nowrap">go </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:7351.26px;white-space:nowrap">up </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:7601.48px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:7811.54px;white-space:nowrap">down, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:8341.87px;white-space:nowrap">sometimes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:9262.09px;white-space:nowrap">rapidly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:5220px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:5430.06px;letter-spacing:-0.89px;white-space:nowrap">unpredictably. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:6584.15px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:6944.33px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:7544.44px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:8024.77px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:8224.89px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:8375.01px;white-space:nowrap">security </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:9045.18px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:9255.23px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:5220px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:6140.39px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:6530.45px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:6780.67px;white-space:nowrap">reduced </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:7481.16px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:7721.28px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:8321.4px;white-space:nowrap">activity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:8921.51px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:9131.57px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:5220px;white-space:nowrap">results </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:5800.17px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:6000.29px;white-space:nowrap">supply </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:6570.62px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:6920.95px;white-space:nowrap">demand </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:7621.44px;white-space:nowrap">unrelated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:8422.03px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:8622.16px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:8922.39px;letter-spacing:-1.24px;white-space:nowrap">issuer. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:9489.37px;white-space:nowrap">This </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:9879.43px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:5220px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:5370.12px;white-space:nowrap">basic </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:5840.33px;white-space:nowrap">risk </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:6170.27px;white-space:nowrap">associated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:7080.82px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:7450.93px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:7681.03px;white-space:nowrap">investments. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:8741.43px;white-space:nowrap">When </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:9261.65px;white-space:nowrap">there </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:9721.93px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:5220px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:5680.11px;white-space:nowrap">sellers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:6250.25px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:6650.6px;white-space:nowrap">buyers, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:7290.88px;white-space:nowrap">prices </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:7821.04px;white-space:nowrap">tend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:8221.38px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:8421.5px;white-space:nowrap">fall. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:8751.62px;white-space:nowrap">Likewise, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:9541.93px;white-space:nowrap">when </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:5220px;white-space:nowrap">there </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:5680.28px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:5990.45px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:6450.56px;white-space:nowrap">buyers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:7040.83px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:7441.17px;white-space:nowrap">sellers, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:8061.33px;white-space:nowrap">prices </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:8591.48px;white-space:nowrap">tend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:8991.83px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:9191.95px;white-space:nowrap">rise.</div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:5268.64px;left:5220px;letter-spacing:0.07px;white-space:nowrap">Leverage </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:5220px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:5580.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:6040.46px;white-space:nowrap">employs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:6760.72px;white-space:nowrap">leverage </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:7501.2px;white-space:nowrap">through </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:8161.7px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:8461.93px;white-space:nowrap">issuance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:9222.36px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5698.64px;left:9422.49px;white-space:nowrap">senior </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:5220px;text-rendering:optimizeLegibility;white-space:nowrap">fixed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:5650.22px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:6010.4px;white-space:nowrap">notes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:6500.74px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:7010.95px;white-space:nowrap">creates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:7651.23px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:7901.46px;white-space:nowrap">opportunity </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:8842.06px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:9102.13px;white-space:nowrap">increased </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:5220px;white-space:nowrap">income, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:5900.27px;white-space:nowrap">but, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:6250.52px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:6450.64px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:6750.88px;white-space:nowrap">same </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:7241.04px;white-space:nowrap">time, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:7681.11px;white-space:nowrap">creates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:8321.4px;white-space:nowrap">special </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:8931.71px;white-space:nowrap">risks </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:5220px;white-space:nowrap">(including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:6040.46px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:6340.69px;white-space:nowrap">likelihood </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:7141.2px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:7341.33px;white-space:nowrap">greater </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:7961.66px;white-space:nowrap">volatility </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:8651.87px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:8851.99px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:9152.23px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:9632.46px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:5220px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:5570.33px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:6170.45px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:6610.61px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:6810.73px;white-space:nowrap">common </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:7550.95px;white-space:nowrap">shares). </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:8247.92px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:8608.1px;white-space:nowrap">cost </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:8988.22px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:9188.35px;white-space:nowrap">leverage </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:5220px;white-space:nowrap">rises </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:5650.05px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:6000.38px;white-space:nowrap">falls </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:6370.49px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:6740.6px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:7471.14px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:7661.25px;white-space:nowrap">short-term </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:8531.37px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:9171.65px;white-space:nowrap">rates. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:9668.58px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:5220px;white-space:nowrap">costs </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:5690.13px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:5890.25px;white-space:nowrap">using </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:6370.58px;white-space:nowrap">leverage </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:7111.05px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:7501.11px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:7751.34px;white-space:nowrap">greater </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:8371.67px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:8772.01px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:9072.25px;white-space:nowrap">proceeds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:5220px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:5420.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:5720.36px;white-space:nowrap">leverage. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:6507.6px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:6867.77px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:7454.79px;white-space:nowrap">leveraging </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:8335.37px;white-space:nowrap">strategy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:9025.66px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:9415.72px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:9715.96px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:5220px;white-space:nowrap">successful.</div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:8128.64px;left:5220px;letter-spacing:0.08px;white-space:nowrap">Foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:8128.64px;left:5930.7px;letter-spacing:0.08px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:8128.64px;left:6842.15px;letter-spacing:0.07px;white-space:nowrap">(non-U.S.) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:5220px;white-space:nowrap">Investing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:5990.45px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:6180.56px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:6780.94px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:7591.2px;white-space:nowrap">typically </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:8281.41px;white-space:nowrap">involves </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8558.64px;left:8981.72px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:5220px;white-space:nowrap">risks </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:5639.94px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:6040.28px;white-space:nowrap">investing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:6800.71px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:6990.82px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:7390.9px;white-space:nowrap">securities, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:8251.17px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:8601.5px;white-space:nowrap">includes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:9311.92px;white-space:nowrap">risks </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:5220px;white-space:nowrap">associated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:6130.55px;white-space:nowrap">with: </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:6550.66px;white-space:nowrap">(i) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:6760.55px;white-space:nowrap">internal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:7400.92px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:7751.25px;white-space:nowrap">external </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:8441.63px;white-space:nowrap">political </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:9091.93px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:5220px;white-space:nowrap">economic </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:6040.37px;white-space:nowrap">developments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:7211.07px;white-space:nowrap">&#8211; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:7361.19px;white-space:nowrap">e.g., </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:7761.45px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:8061.68px;white-space:nowrap">political, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:8761.99px;white-space:nowrap">economic </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:9582.36px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:5220px;white-space:nowrap">social </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:5730.21px;white-space:nowrap">policies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:6380.51px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:6730.84px;white-space:nowrap">structures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:7571.07px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:7771.2px;white-space:nowrap">some </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:8261.37px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:8861.75px;white-space:nowrap">countries </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9558.64px;left:9642.13px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:5220px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:5470.22px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:5840.33px;white-space:nowrap">stable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:6370.66px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:6721px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:7181.1px;white-space:nowrap">volatile </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:7791.42px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:8191.76px;white-space:nowrap">those </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:8682.1px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:8872.21px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:9172.44px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9808.64px;left:9572.52px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:5220px;white-space:nowrap">some </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:5710.17px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:6310.55px;white-space:nowrap">countries </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:7090.93px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:7480.99px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:7731.21px;white-space:nowrap">subject </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:8351.54px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:8551.67px;white-space:nowrap">trading </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10058.64px;left:9152.05px;white-space:nowrap">restrictions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:5220px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:5430.06px;white-space:nowrap">economic </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:6250.43px;white-space:nowrap">sanctions; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:7110.88px;white-space:nowrap">(ii) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:7360.75px;white-space:nowrap">trading </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:7961.13px;white-space:nowrap">practices </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:8731.41px;white-space:nowrap">&#8211; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:8881.52px;white-space:nowrap">e.g., </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:5220px;white-space:nowrap">government </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:6220.55px;white-space:nowrap">supervision </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:7181.02px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:7531.35px;white-space:nowrap">regulation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:8371.93px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:8572.06px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:9172.44px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:5220px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:5570.33px;white-space:nowrap">currency </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:6310.55px;white-space:nowrap">markets, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:7050.67px;white-space:nowrap">trading </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:7651.05px;white-space:nowrap">systems </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:8361.12px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:8711.46px;white-space:nowrap">brokers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:9361.67px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:9751.73px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:5220px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:5590.11px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:5990.45px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:6180.56px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:6480.79px;white-space:nowrap">U.S.; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:6930.88px;white-space:nowrap">(iii) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:7220.74px;white-space:nowrap">availability </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:8101.14px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:8301.27px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:9241.7px;white-space:nowrap">&#8211; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:9391.82px;white-space:nowrap">e.g., </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:5220px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:5820.38px;white-space:nowrap">issuers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:6440.54px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:6830.6px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:7130.83px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:7381.05px;white-space:nowrap">subject </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:8001.39px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:8201.51px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:8501.75px;white-space:nowrap">same </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:8991.91px;white-space:nowrap">disclosure, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:5220px;white-space:nowrap">accounting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:6140.65px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:6490.99px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:7201.41px;white-space:nowrap">reporting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:7961.84px;white-space:nowrap">standards </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:8802.33px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:9152.67px;white-space:nowrap">practices </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:5220px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:5460.12px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:5860.2px;white-space:nowrap">issuers; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:6530.36px;white-space:nowrap">(iv) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:6830.24px;white-space:nowrap">limited </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:7400.39px;white-space:nowrap">markets </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:8090.51px;white-space:nowrap">&#8211; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:8240.62px;white-space:nowrap">e.g., </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:8640.88px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:8941.11px;white-space:nowrap">securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11808.64px;left:9751.38px;white-space:nowrap">of </div></div>
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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:590.27px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1190.65px;white-space:nowrap">issuers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1810.81px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2200.87px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2451.09px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2821.2px;white-space:nowrap">liquid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3291.5px;white-space:nowrap">(harder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3921.77px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4121.89px;white-space:nowrap">sell) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4501.93px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:460.11px;white-space:nowrap">volatile; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1120.43px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1470.76px;white-space:nowrap">(v) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1730.65px;white-space:nowrap">currency </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2470.87px;white-space:nowrap">exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3301.52px;white-space:nowrap">rate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3661.7px;text-rendering:optimizeLegibility;white-space:nowrap">fluctuations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:350.33px;white-space:nowrap">policies. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1047.39px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1407.57px;white-space:nowrap">risks </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1827.51px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2027.64px;white-space:nowrap">foreign </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2628.02px;white-space:nowrap">investments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3638.41px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4028.47px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4278.69px;white-space:nowrap">greater </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:190.11px;white-space:nowrap">developing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1110.85px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1320.91px;white-space:nowrap">emerging </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2121.33px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2721.45px;white-space:nowrap">countries.</div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:1158.64px;left:0px;letter-spacing:0.07px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:820.46px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:1000.46px;white-space:nowrap">subject </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:1620.79px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:1820.92px;white-space:nowrap">management </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:2921.57px;white-space:nowrap">risk </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:3251.51px;white-space:nowrap">because </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:3982.06px;white-space:nowrap">it </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1588.64px;left:4122.07px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:0px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:250.22px;white-space:nowrap">actively </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:900.44px;white-space:nowrap">managed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:1701.04px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:2621.43px;white-space:nowrap">portfolio. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:3358.56px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:3718.74px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:0px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:920.39px;white-space:nowrap">manager </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:1680.82px;white-space:nowrap">applies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:2301.24px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:3221.63px;white-space:nowrap">techniques </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:4142.29px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:4492.62px;white-space:nowrap">risk </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:0px;white-space:nowrap">analyses </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:760.43px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:950.54px;white-space:nowrap">making </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:1580.8px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:2501.19px;white-space:nowrap">decisions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:3301.61px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:3561.68px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:3861.91px;white-space:nowrap">Fund, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:4372.21px;white-space:nowrap">but </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:0px;white-space:nowrap">there </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:460.28px;white-space:nowrap">can </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:800.51px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:1050.73px;white-space:nowrap">no </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:1300.96px;white-space:nowrap">guarantee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:2161.67px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:2511.91px;white-space:nowrap">these </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:3002.26px;white-space:nowrap">decisions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:3802.68px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:4102.65px;white-space:nowrap">produce </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:300.23px;white-space:nowrap">desired </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:940.61px;white-space:nowrap">results.</div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3268.64px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3268.64px;left:370.02px;white-space:nowrap">following </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3268.64px;left:1209.81px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3268.64px;left:2249.74px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3268.64px;left:2449.86px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3268.64px;left:2599.98px;white-space:nowrap">summary </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3268.64px;left:3450.41px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3268.64px;left:3670.31px;white-space:nowrap">certain </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3518.64px;left:0px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3518.64px;left:780.29px;white-space:nowrap">since </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3518.64px;left:1290.59px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3518.64px;left:1610.6px;white-space:nowrap">last </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3518.64px;left:1970.77px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3518.64px;left:2481.06px;letter-spacing:-1.66px;white-space:nowrap">year. </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3518.64px;left:2941.52px;white-space:nowrap">This </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3518.64px;left:3361.55px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3518.64px;left:4401.47px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3768.64px;left:0px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3768.64px;left:329.85px;text-rendering:optimizeLegibility;white-space:nowrap">reflect </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3768.64px;left:920.13px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3768.64px;left:1170.26px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3768.64px;left:1390.17px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3768.64px;left:1710.18px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3768.64px;left:2490.47px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3768.64px;left:2870.42px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3768.64px;left:3330.7px;white-space:nowrap">occurred </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:3768.64px;left:4150.99px;white-space:nowrap">since </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:4018.64px;left:0px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:4018.64px;left:370.02px;white-space:nowrap">purchased </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:4018.64px;left:1330.31px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;font-weight:bold;position:absolute;top:4018.64px;left:1650.32px;white-space:nowrap">Fund.</div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:4448.64px;left:0px;letter-spacing:0.08px;white-space:nowrap">Agreement </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:4448.64px;left:991.16px;letter-spacing:0.07px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:4448.64px;left:1361.54px;letter-spacing:0.08px;white-space:nowrap">Declaration </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:4448.64px;left:2392.96px;letter-spacing:0.06px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:4448.64px;left:2613.14px;letter-spacing:-0.47px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:4448.64px;left:3110.44px;letter-spacing:0.07px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:4448.64px;left:3480.81px;letter-spacing:0.06px;white-space:nowrap">By-Laws</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4878.64px;left:0px;white-space:nowrap">On </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4878.64px;left:280.2px;white-space:nowrap">April </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4878.64px;left:690.29px;white-space:nowrap">20, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4878.64px;left:990.53px;white-space:nowrap">2021, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4878.64px;left:1490.98px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4878.64px;left:1791.21px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4878.64px;left:2378.23px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4878.64px;left:2908.56px;white-space:nowrap">approved </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4878.64px;left:3709.16px;white-space:nowrap">changes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5128.64px;left:0px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5128.64px;left:200.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5128.64px;left:500.36px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5128.64px;left:1077.45px;white-space:nowrap">Agreement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5128.64px;left:2007.95px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5128.64px;left:2358.28px;white-space:nowrap">Declaration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5128.64px;left:3318.75px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5128.64px;left:3515.63px;letter-spacing:-1.11px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5128.64px;left:3968.96px;white-space:nowrap">(the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5378.64px;left:0px;white-space:nowrap">&#8220;Declaration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5378.64px;left:1020.41px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5378.64px;left:1217.29px;letter-spacing:-0.83px;white-space:nowrap">Trust&#8221;) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5378.64px;left:1790.51px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5378.64px;left:2140.84px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5378.64px;left:2441.07px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5378.64px;left:3028.1px;white-space:nowrap">By-Laws </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5378.64px;left:3768.31px;white-space:nowrap">(the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5378.64px;left:4128.49px;white-space:nowrap">&#8220;By-</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5628.64px;left:0px;white-space:nowrap">Laws&#8221;), </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5628.64px;left:640.11px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5628.64px;left:1150.31px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5628.64px;left:1590.47px;white-space:nowrap">immediately </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5628.64px;left:2600.77px;letter-spacing:-0.36px;white-space:nowrap">effective</div><div style="font-family:Arial, sans-serif;font-size:180px;font-style:italic;font-weight:bold;position:absolute;top:5628.64px;left:3267.86px;white-space:nowrap">.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:360.18px;white-space:nowrap">Declaration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:1320.64px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:1517.52px;letter-spacing:-1.11px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:1970.86px;white-space:nowrap">was </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:2340.97px;white-space:nowrap">amended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:3141.56px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:3341.69px;white-space:nowrap">provide </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:3982.06px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6058.64px;left:4222.18px;white-space:nowrap">follows:</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6488.64px;left:0px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6488.64px;left:100.02px;letter-spacing:-4.97px;white-space:nowrap">A </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6488.64px;left:260.16px;white-space:nowrap">Majority </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6488.64px;left:937px;letter-spacing:-0.83px;white-space:nowrap">Trustee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6488.64px;left:1590.56px;letter-spacing:-1.99px;white-space:nowrap">Vote </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6488.64px;left:2000.92px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6488.64px;left:2180.92px;white-space:nowrap">required </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6488.64px;left:2891.34px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6488.64px;left:3141.56px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6488.64px;left:3371.66px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6488.64px;left:3901.99px;white-space:nowrap">actions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:0px;white-space:nowrap">including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:760.52px;white-space:nowrap">amendments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:1851.06px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:2051.19px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:2351.43px;white-space:nowrap">Declaration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:3311.89px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:3508.77px;letter-spacing:-0.95px;white-space:nowrap">Trust, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6738.64px;left:4012.12px;white-space:nowrap">unless </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:300.23px;white-space:nowrap">Declaration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:1260.7px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:1457.58px;letter-spacing:-1.11px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:1910.92px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:2120.98px;white-space:nowrap">applicable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:2981.6px;white-space:nowrap">law </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:3301.7px;white-space:nowrap">requires </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6988.64px;left:4002.01px;white-space:nowrap">otherwise. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:0px;white-space:nowrap">&#8220;Majority </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:736.79px;letter-spacing:-0.83px;white-space:nowrap">Trustee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:1390.34px;letter-spacing:-1.66px;white-space:nowrap">Vote&#8221; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:1860.64px;white-space:nowrap">means </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:2450.92px;white-space:nowrap">(a) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:2720.92px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:3091.03px;white-space:nowrap">respect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:3731.31px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:3931.44px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7238.64px;left:4081.55px;white-space:nowrap">vote </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:200.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:500.36px;white-space:nowrap">Board, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:1080.7px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:1230.82px;white-space:nowrap">vote </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:1621.05px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:1821.18px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:2121.42px;white-space:nowrap">majority </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:2801.51px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:3001.64px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:3298.62px;letter-spacing:-0.74px;white-space:nowrap">Trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:4042.18px;white-space:nowrap">then </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7488.64px;left:4442.52px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">office, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:530.24px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:880.58px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:1030.69px;white-space:nowrap">separate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:1781.19px;white-space:nowrap">vote </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:2171.43px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:2371.55px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:2521.67px;white-space:nowrap">majority </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:3201.77px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:3401.89px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7738.64px;left:3702.13px;white-space:nowrap">Continuing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:0px;letter-spacing:-0.67px;white-space:nowrap">Trustees; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:793.56px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:1143.9px;white-space:nowrap">(b) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:1413.9px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:1784px;white-space:nowrap">respect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:2424.29px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:2624.41px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:2774.53px;white-space:nowrap">vote </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:3164.77px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:3364.89px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7988.64px;left:3515.01px;white-space:nowrap">committee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:0px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:210.06px;white-space:nowrap">sub-committee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:1440.44px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:1640.57px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:1940.8px;white-space:nowrap">Board, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:2521.14px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:2671.26px;white-space:nowrap">vote </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:3061.49px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:3261.62px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:3561.86px;white-space:nowrap">majority </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8238.64px;left:4241.95px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:300.23px;white-space:nowrap">members </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:1100.39px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:1300.52px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:1730.74px;white-space:nowrap">committee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:2610.97px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:2821.03px;white-space:nowrap">sub-committee, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8488.64px;left:4101.42px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:0px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:150.12px;white-space:nowrap">separate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:900.62px;white-space:nowrap">vote </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:1290.85px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:1490.98px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:1641.09px;white-space:nowrap">majority </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:2321.19px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:2521.32px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:2821.55px;white-space:nowrap">Continuing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8738.64px;left:3728.94px;letter-spacing:-0.74px;white-space:nowrap">Trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8988.64px;left:0px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8988.64px;left:350.24px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8988.64px;left:660.41px;white-space:nowrap">members </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8988.64px;left:1460.57px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8988.64px;left:1660.69px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8988.64px;left:2090.92px;white-space:nowrap">committee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8988.64px;left:2971.14px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8988.64px;left:3181.2px;white-space:nowrap">sub-committee. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:0px;white-space:nowrap">&#8220;Continuing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:967.32px;letter-spacing:-0.74px;white-space:nowrap">Trustee&#8221; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:1680.82px;white-space:nowrap">means </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:2271.09px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:2417.96px;letter-spacing:-0.83px;white-space:nowrap">Trustee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:3071.51px;white-space:nowrap">who </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:3451.73px;white-space:nowrap">either </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:3952px;white-space:nowrap">(a) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9238.64px;left:4222px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:0px;white-space:nowrap">been </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:450.44px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:600.56px;white-space:nowrap">member </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:1310.71px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:1510.84px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:1811.07px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:2341.41px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:2601.47px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:2751.59px;white-space:nowrap">period </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:3301.96px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:3502.09px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:3702.22px;white-space:nowrap">least </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9488.64px;left:4132.44px;white-space:nowrap">thirty-</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:0px;white-space:nowrap">six </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:270px;white-space:nowrap">months </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:910.28px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:1120.34px;white-space:nowrap">(b) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:1390.34px;white-space:nowrap">was </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:1760.45px;white-space:nowrap">nominated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:2651.04px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:2851.17px;white-space:nowrap">serve </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:3341.34px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:3581.46px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:3731.57px;white-space:nowrap">member </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:4441.73px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:300.23px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:830.57px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:1070.68px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:1220.8px;white-space:nowrap">majority </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:1900.9px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:2101.03px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:2401.26px;white-space:nowrap">Continuing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:3308.64px;letter-spacing:-0.74px;white-space:nowrap">Trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:4052.2px;white-space:nowrap">then </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:0px;white-space:nowrap">members </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:800.16px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:1000.28px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:1300.52px;white-space:nowrap">Board.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:0px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:106.7px;letter-spacing:-6.65px;white-space:nowrap">To </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:346.82px;white-space:nowrap">qualify </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:917.14px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:1177.21px;white-space:nowrap">nomination </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:2107.79px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:2458.13px;white-space:nowrap">service </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:3078.28px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:3318.4px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10668.64px;left:3465.26px;letter-spacing:-0.74px;white-space:nowrap">Trustee, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10918.64px;left:0px;white-space:nowrap">individuals </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10918.64px;left:890.51px;white-space:nowrap">must </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10918.64px;left:1330.58px;white-space:nowrap">meet </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10918.64px;left:1780.75px;white-space:nowrap">certain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10918.64px;left:2371.03px;white-space:nowrap">additional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10918.64px;left:3191.66px;text-rendering:optimizeLegibility;white-space:nowrap">qualifications, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:0px;white-space:nowrap">including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:760.52px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:1110.76px;white-space:nowrap">individuals </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:2001.27px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:2391.33px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:2641.55px;text-rendering:optimizeLegibility;white-space:nowrap">disqualified </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:3592.18px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:3732.19px;white-space:nowrap">they </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:4122.42px;white-space:nowrap">engaged </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:190.11px;white-space:nowrap">disabling </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:950.63px;white-space:nowrap">conduct </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:1631.07px;white-space:nowrap">outlined </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:2311.61px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:2501.72px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:2801.95px;white-space:nowrap">Declaration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:3762.42px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:3959.3px;letter-spacing:-1.11px;white-space:nowrap">Trust.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5220px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5329.95px;white-space:nowrap">Individuals </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6230.48px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6580.72px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6890.89px;white-space:nowrap">associated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7801.44px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8171.54px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8631.83px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5220px;white-space:nowrap">vehicles </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5920.31px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6270.64px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7191.04px;white-space:nowrap">advisers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7911.3px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8301.36px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8601.59px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8851.82px;white-space:nowrap">eligible </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9462.22px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5220px;white-space:nowrap">nomination </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6150.59px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6500.92px;white-space:nowrap">service </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7121.07px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7361.19px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7508.06px;letter-spacing:-0.83px;white-space:nowrap">Trustee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8161.61px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8301.62px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8601.86px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:9132.19px;text-rendering:optimizeLegibility;white-space:nowrap">finds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:9562.41px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5220px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5650.22px;white-space:nowrap">associations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6690.76px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7131.09px;text-rendering:optimizeLegibility;white-space:nowrap">conflicts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7831.32px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8031.45px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8671.73px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:9041.84px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:9342.07px;white-space:nowrap">long-</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5220px;white-space:nowrap">term </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5630.01px;white-space:nowrap">best </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6020.24px;white-space:nowrap">interests </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6750.53px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6950.65px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7250.89px;white-space:nowrap">Fund, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7761.18px;white-space:nowrap">impede </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8401.55px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8701.79px;white-space:nowrap">ability </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:9211.99px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:9412.12px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5220px;white-space:nowrap">nominee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5960.48px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6160.61px;white-space:nowrap">perform, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6880.78px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:7090.84px;white-space:nowrap">impede </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:7731.21px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:8031.45px;text-rendering:optimizeLegibility;white-space:nowrap">free-flow </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:8771.66px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:8971.79px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:5220px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:5630.01px;white-space:nowrap">management.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:5220px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:5329.95px;white-space:nowrap">Individuals </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:6230.48px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:6580.72px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:6890.89px;white-space:nowrap">acting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:7421.22px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:7611.33px;white-space:nowrap">concert </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:8251.61px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:8621.72px;white-space:nowrap">control </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:9211.99px;white-space:nowrap">persons </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1908.64px;left:9902.37px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:5220px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:6140.39px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:7060.87px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:7250.98px;white-space:nowrap">violation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:7961.4px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:8161.52px;white-space:nowrap">Section </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:8811.91px;white-space:nowrap">12(d)(1) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:9502.12px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2158.64px;left:9702.25px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:5220px;white-space:nowrap">1940 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:5660.51px;white-space:nowrap">Act </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:5970.59px;white-space:nowrap">shall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:6390.79px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:6641.02px;text-rendering:optimizeLegibility;white-space:nowrap">disqualified </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:7591.64px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:8001.65px;white-space:nowrap">nomination </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:8932.24px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:9282.57px;white-space:nowrap">service </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:5220px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:5460.12px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:5606.98px;letter-spacing:-0.83px;white-space:nowrap">Trustee.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:5220px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:5326.7px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:5686.88px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:6217.21px;white-space:nowrap">shall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:6637.41px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:6887.64px;white-space:nowrap">divided </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:7508.06px;white-space:nowrap">into </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:7848.28px;white-space:nowrap">three </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:8308.56px;white-space:nowrap">classes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:8958.78px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:9155.65px;letter-spacing:-0.74px;white-space:nowrap">Trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:5220px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:5420.13px;white-space:nowrap">implement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:6300.44px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:6450.56px;white-space:nowrap">staggered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:7301.16px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:7831.49px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:8178.57px;letter-spacing:-0.74px;white-space:nowrap">Trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:8922.13px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:9312.19px;white-space:nowrap">only </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:5220px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:5470.22px;white-space:nowrap">removed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:6220.55px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:6480.62px;white-space:nowrap">cause, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:7060.96px;white-space:nowrap">where </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:7601.22px;white-space:nowrap">&#8220;cause&#8221; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:8251.44px;white-space:nowrap">includes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:8961.86px;white-space:nowrap">only </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:9342.07px;white-space:nowrap">(i) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:5220px;white-space:nowrap">conviction </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:6070.43px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:6270.56px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:6420.67px;letter-spacing:-1.67px;white-space:nowrap">felony, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:6987.66px;white-space:nowrap">(ii) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:7237.53px;white-space:nowrap">court </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:7687.71px;white-space:nowrap">declaration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:8618.29px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:8818.42px;white-space:nowrap">unsound </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:5220px;white-space:nowrap">mind, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:5710.17px;white-space:nowrap">(iii) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:6000.03px;white-space:nowrap">gross </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:6490.2px;white-space:nowrap">dereliction </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:7360.66px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:7560.79px;letter-spacing:-2.23px;white-space:nowrap">duty, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:7987.68px;white-space:nowrap">(iv) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:8287.56px;white-space:nowrap">commission </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:9287.75px;white-space:nowrap">involving </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:5220px;white-space:nowrap">moral </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:5720.1px;white-space:nowrap">turpitude, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:6520.61px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:6730.66px;white-space:nowrap">(v) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:6990.56px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:7240.78px;white-space:nowrap">action </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:7771.11px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:8121.36px;white-space:nowrap">constitutes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:9031.82px;white-space:nowrap">intentional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:5220px;white-space:nowrap">misconduct </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:6180.38px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:6390.44px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:6540.56px;white-space:nowrap">knowing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:7250.98px;white-space:nowrap">violation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:7961.4px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:8161.52px;white-space:nowrap">law </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:8481.62px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:8831.87px;white-space:nowrap">results </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:9412.03px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:9602.14px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:5220px;white-space:nowrap">improper </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:5980.25px;white-space:nowrap">substantial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:6890.8px;white-space:nowrap">personal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:7631.28px;text-rendering:optimizeLegibility;white-space:nowrap">benefit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:8221.73px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:8572.06px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:8722.18px;white-space:nowrap">material </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:9412.38px;white-space:nowrap">injury </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4838.64px;left:9892.53px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5088.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5088.64px;left:5520.23px;white-space:nowrap">Fund.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:5220px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:5326.7px;letter-spacing:-0.74px;white-space:nowrap">Trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:6070.25px;white-space:nowrap">shall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:6490.46px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:6740.68px;white-space:nowrap">elected </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:7371.12px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:7611.24px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:7911.47px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:8281.58px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:8681.92px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:8832.04px;white-space:nowrap">majority </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:9512.14px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:9712.27px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:5220px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:5420.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:5720.36px;white-space:nowrap">votes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:6200.6px;white-space:nowrap">entitled </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:6831.04px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:7031.16px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:7281.39px;white-space:nowrap">cast </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:7661.51px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:7851.62px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:8151.86px;white-space:nowrap">election </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:8822.29px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:9019.16px;letter-spacing:-0.74px;white-space:nowrap">Trustees.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:5220px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:5329.95px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:5530.08px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:5830.31px;white-space:nowrap">event </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:6320.65px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:6520.78px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:6670.9px;white-space:nowrap">vacancy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:7381.23px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:7631.46px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:7931.69px;white-space:nowrap">Board, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:8512.03px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:8812.27px;white-space:nowrap">size </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:9182.37px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:9382.5px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:5220px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:5750.33px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:6100.66px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:6400.9px;white-space:nowrap">size </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:6771.01px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:6971.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:7271.37px;white-space:nowrap">class </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:7731.47px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:7928.35px;letter-spacing:-0.74px;white-space:nowrap">Trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:8671.9px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:8862.01px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:9372.22px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:5220px;white-space:nowrap">vacancy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:5930.33px;white-space:nowrap">arose </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:6430.61px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:6610.61px;white-space:nowrap">automatically </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:7711.08px;white-space:nowrap">reduced </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:8411.57px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:8651.69px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:8951.92px;white-space:nowrap">number </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:9612.25px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:5220px;white-space:nowrap">vacancies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:6070.43px;white-space:nowrap">(but </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:6430.61px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:6730.84px;white-space:nowrap">size </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:7100.95px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:7301.07px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:7601.31px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:8131.64px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:8431.61px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:8731.85px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:8982.07px;white-space:nowrap">reduced </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:9682.56px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:5220px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:5590.11px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:5990.45px;white-space:nowrap">three) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:6510.67px;white-space:nowrap">until </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:6890.89px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:7191.12px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:7721.46px;white-space:nowrap">increases </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:8541.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:8842.06px;white-space:nowrap">size </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:9212.17px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:9412.29px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:5220px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:5750.33px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:6100.66px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:6400.9px;white-space:nowrap">class </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:6861.01px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:7057.88px;letter-spacing:-0.74px;white-space:nowrap">Trustees.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:5220px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:5326.7px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:5683.62px;letter-spacing:-0.74px;white-space:nowrap">Trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:6427.18px;white-space:nowrap">shall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:6847.38px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:7097.61px;white-space:nowrap">subject </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:7717.94px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:7918.07px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:8218.3px;text-rendering:optimizeLegibility;white-space:nowrap">fiduciary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:8938.56px;white-space:nowrap">duties </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:9468.9px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:5520.23px;white-space:nowrap">business </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:6280.66px;white-space:nowrap">judgment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:7071.15px;white-space:nowrap">rule </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:7421.31px;white-space:nowrap">under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:7931.69px;white-space:nowrap">Massachusetts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:9182.2px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:5220px;white-space:nowrap">Law </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:5600.21px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:5950.55px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:6250.78px;white-space:nowrap">appointment, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:7341.5px;white-space:nowrap">designation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:8312.26px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:8522.31px;text-rendering:optimizeLegibility;white-space:nowrap">identification </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:9572.96px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:9773.09px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8628.64px;left:5220px;letter-spacing:-0.83px;white-space:nowrap">Trustee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8628.64px;left:5873.55px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8628.64px;left:6113.67px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8628.64px;left:6413.91px;white-space:nowrap">Chair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8628.64px;left:6894.05px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8628.64px;left:7094.18px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8628.64px;left:7394.41px;white-space:nowrap">Board, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8628.64px;left:7974.76px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8628.64px;left:8124.87px;white-space:nowrap">member </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8628.64px;left:8835.03px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8628.64px;left:9045.09px;white-space:nowrap">chair </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8628.64px;left:9485.24px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8628.64px;left:9685.37px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8878.64px;left:5220px;white-space:nowrap">committee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8878.64px;left:6100.22px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8878.64px;left:6300.35px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8878.64px;left:6597.33px;letter-spacing:-0.67px;white-space:nowrap">Trustees, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8878.64px;left:7390.9px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8878.64px;left:7641.12px;white-space:nowrap">expert </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8878.64px;left:8191.41px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8878.64px;left:8441.63px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8878.64px;left:8781.86px;white-space:nowrap">topic </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8878.64px;left:9212.08px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8878.64px;left:9422.14px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8878.64px;left:9612.25px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9128.64px;left:5220px;white-space:nowrap">area </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9128.64px;left:5630.27px;white-space:nowrap">(including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9128.64px;left:6450.73px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9128.64px;left:6700.96px;white-space:nowrap">audit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9128.64px;left:7141.29px;white-space:nowrap">committee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9128.64px;left:8021.51px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9128.64px;left:8731.93px;white-space:nowrap">expert), </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9128.64px;left:9392.17px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9128.64px;left:9602.23px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9378.64px;left:5220px;white-space:nowrap">lead </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9378.64px;left:5610.32px;white-space:nowrap">independent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9378.64px;left:6648.05px;letter-spacing:-0.74px;white-space:nowrap">Trustee, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9378.64px;left:7351.61px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9378.64px;left:7561.67px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9378.64px;left:7901.89px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9378.64px;left:8362.18px;white-space:nowrap">special </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9378.64px;left:8972.49px;white-space:nowrap">appointment, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:5220px;white-space:nowrap">designation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:6190.75px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:6400.81px;text-rendering:optimizeLegibility;white-space:nowrap">identification </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:7451.46px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:7651.58px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:7798.45px;letter-spacing:-0.83px;white-space:nowrap">Trustee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:8452px;white-space:nowrap">does </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:8892.33px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:9192.57px;letter-spacing:-0.46px;white-space:nowrap">affect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:9679.57px;white-space:nowrap">this </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9878.64px;left:5220px;white-space:nowrap">standard.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:5220px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:5329.95px;white-space:nowrap">Unless </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:5930.16px;white-space:nowrap">otherwise </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:6750.53px;white-space:nowrap">expressly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:7560.79px;white-space:nowrap">provided </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:8301.27px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:8491.38px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10308.64px;left:8791.61px;white-space:nowrap">Declaration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:5220px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:5416.88px;letter-spacing:-1.11px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:5870.21px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:6080.27px;white-space:nowrap">required </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:6790.69px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:7030.81px;white-space:nowrap">federal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:7631.19px;letter-spacing:-1.99px;white-space:nowrap">law, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:7991.37px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:8288.35px;letter-spacing:-0.74px;white-space:nowrap">Trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:9031.9px;white-space:nowrap">shall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:9452.11px;white-space:nowrap">act </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10558.64px;left:9742.24px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:5220px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:5620.17px;white-space:nowrap">sole </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:6000.38px;white-space:nowrap">discretion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:6820.75px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:7171.08px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:7561.14px;white-space:nowrap">take </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:7951.38px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:8291.6px;white-space:nowrap">action </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:8821.93px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:9031.99px;white-space:nowrap">exercise </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:9752.26px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:5220px;white-space:nowrap">power </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:5760.26px;white-space:nowrap">without </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:6380.6px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:6720.82px;white-space:nowrap">vote </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:7111.05px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:7321.11px;white-space:nowrap">consent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:8001.56px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:8201.69px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:8501.92px;white-space:nowrap">shareholders.</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7910.95px;letter-spacing:10.67px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8704.11px;letter-spacing:10.32px;white-space:nowrap">Universal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9597.08px;letter-spacing:9.15px;white-space:nowrap">Trust</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:6607.61px;letter-spacing:9.39px;white-space:nowrap">Important </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:7522.53px;letter-spacing:10.2px;white-space:nowrap">Information </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8609.5px;letter-spacing:7.24px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8861.98px;letter-spacing:11px;white-space:nowrap">Shareholders</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:109.95px;white-space:nowrap">Claims </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:709.98px;white-space:nowrap">based </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1250.42px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1500.64px;white-space:nowrap">alleged </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2131.17px;white-space:nowrap">injury </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2611.32px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2811.45px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3271.73px;letter-spacing:-1.34px;white-space:nowrap">property, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4018.71px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4228.77px;white-space:nowrap">arising </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;white-space:nowrap">out </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:300.23px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:500.36px;white-space:nowrap">actions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1170.7px;white-space:nowrap">inaction, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1891.14px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2101.2px;white-space:nowrap">omissions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2951.46px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3148.33px;letter-spacing:-0.67px;white-space:nowrap">Trustees, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3941.89px;text-rendering:optimizeLegibility;white-space:nowrap">officers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:0px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:200.13px;white-space:nowrap">Advisers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:940.34px;white-space:nowrap">belong </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1530.88px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1731.01px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2031.24px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2491.52px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2841.86px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3142.09px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3342.22px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3642.45px;white-space:nowrap">shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:0px;letter-spacing:-0.95px;white-space:nowrap">individually. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:957.22px;letter-spacing:-1.03px;white-space:nowrap">Accordingly, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1974.29px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2204.38px;white-space:nowrap">shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3295.02px;white-space:nowrap">must </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3735.09px;white-space:nowrap">bring </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:0px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:340.22px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:770.45px;white-space:nowrap">claims </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:1330.49px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:1570.61px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:1720.72px;white-space:nowrap">derivative </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:2541.09px;white-space:nowrap">action </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:3071.43px;white-space:nowrap">pursuant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:3821.92px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:4022.05px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:0px;white-space:nowrap">Massachusetts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:1250.51px;white-space:nowrap">Business </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:2030.89px;white-space:nowrap">Corporation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:3011.48px;white-space:nowrap">Act.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:360.18px;white-space:nowrap">By-Laws </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:1100.39px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:1540.55px;white-space:nowrap">amended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:2341.14px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:2541.27px;white-space:nowrap">provide </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:3181.64px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:3421.76px;white-space:nowrap">follows:</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:0px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:109.95px;white-space:nowrap">Special </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:750.32px;white-space:nowrap">meetings </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:1530.7px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:1730.83px;white-space:nowrap">shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:2821.46px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:3211.52px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:3461.75px;white-space:nowrap">called </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:3982.06px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:4182.19px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:0px;white-space:nowrap">time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:390.06px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:630.18px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:930.41px;white-space:nowrap">Board, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:1510.75px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:1750.87px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:2051.1px;white-space:nowrap">chairperson </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:3041.63px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:3241.76px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:3541.99px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:4072.32px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:4282.38px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:300.23px;white-space:nowrap">president </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:1090.72px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:1290.85px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:1591.08px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:2051.37px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:2311.44px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:2611.67px;white-space:nowrap">purpose </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:3312.16px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:3512.29px;white-space:nowrap">taking </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:4042.62px;white-space:nowrap">action </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:0px;white-space:nowrap">upon </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:450.44px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:790.66px;white-space:nowrap">matter </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:1350.79px;white-space:nowrap">deemed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:2051.28px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:2291.4px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:2591.63px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:3121.96px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:3322.09px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:3572.31px;white-space:nowrap">necessary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:4442.7px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:0px;white-space:nowrap">desirable. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:830.48px;white-space:nowrap">Shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:1951.17px;white-space:nowrap">shall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:2371.38px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:2811.71px;white-space:nowrap">no </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:3061.93px;white-space:nowrap">power </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:3602.2px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:3802.32px;white-space:nowrap">call </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:4122.42px;white-space:nowrap">special </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:0px;white-space:nowrap">meetings </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:780.38px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:980.51px;white-space:nowrap">shareholders.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:0px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:106.7px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:466.88px;white-space:nowrap">matters </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:1117px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:1317.13px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:1567.35px;white-space:nowrap">considered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:2497.94px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:2848.27px;white-space:nowrap">brought </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:3508.77px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:4069.16px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:0px;white-space:nowrap">meeting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:690.38px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:890.51px;white-space:nowrap">shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:1981.14px;white-space:nowrap">shall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:2401.35px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:2651.57px;white-space:nowrap">limited </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:3221.72px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:3421.85px;white-space:nowrap">only </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:3802.06px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:0px;white-space:nowrap">matters, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:700.14px;white-space:nowrap">including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:1460.65px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:1760.89px;white-space:nowrap">nomination </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:2691.47px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:3041.81px;white-space:nowrap">election </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:3712.24px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4268.64px;left:3909.11px;letter-spacing:-0.67px;white-space:nowrap">Trustees, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:0px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:240.12px;white-space:nowrap">shall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:660.32px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:910.55px;white-space:nowrap">properly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:1610.86px;white-space:nowrap">brought </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:2271.36px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:2831.75px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:3261.97px;white-space:nowrap">meeting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:3952.35px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:0px;white-space:nowrap">compliance </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:960.47px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:1330.58px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:1630.81px;white-space:nowrap">procedures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:2581.35px;white-space:nowrap">set </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:2871.47px;white-space:nowrap">forth </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:3281.66px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:3471.77px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:3772px;white-space:nowrap">By-Laws. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:0px;white-space:nowrap">For </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:320.01px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:660.23px;white-space:nowrap">matter </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:1220.36px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:1420.49px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:1670.71px;white-space:nowrap">properly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:2371.03px;white-space:nowrap">brought </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:3031.52px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:3591.91px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:3932.14px;white-space:nowrap">meeting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:4622.52px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:0px;white-space:nowrap">shareholders, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:1140.31px;letter-spacing:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:1440.2px;white-space:nowrap">matter </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:1999.99px;white-space:nowrap">must </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:2439.72px;letter-spacing:0px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:2689.6px;white-space:nowrap">(among </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:3349.59px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:3809.53px;white-space:nowrap">requirements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">specified </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:760.43px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:950.54px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:1250.77px;white-space:nowrap">By-Laws) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:2050.93px;white-space:nowrap">brought </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:2711.43px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:3271.82px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:3572.05px;white-space:nowrap">meeting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:4262.43px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:4452.54px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:0px;white-space:nowrap">manner </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:660.32px;text-rendering:optimizeLegibility;white-space:nowrap">specified </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:1420.75px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:1610.86px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:1911.09px;white-space:nowrap">By-Laws </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:2651.31px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:2891.43px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:3041.54px;white-space:nowrap">shareholder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:4042.18px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:4242.3px;white-space:nowrap">record </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6018.64px;left:0px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6018.64px;left:200.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6018.64px;left:500.36px;white-space:nowrap">time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6018.64px;left:890.42px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6018.64px;left:1320.64px;white-space:nowrap">notice </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6018.64px;left:1850.98px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6018.64px;left:2030.98px;white-space:nowrap">received </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6018.64px;left:2761.35px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6018.64px;left:3001.46px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6018.64px;left:3301.7px;white-space:nowrap">secretary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6018.64px;left:4091.92px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6018.64px;left:4292.05px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6268.64px;left:0px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6268.64px;left:460.28px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6268.64px;left:830.39px;white-space:nowrap">proof </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6268.64px;left:1290.67px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6268.64px;left:1490.8px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6268.64px;left:1921.03px;white-space:nowrap">ownership </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6268.64px;left:2791.49px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6268.64px;left:3001.55px;white-space:nowrap">holding </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6268.64px;left:3632.08px;white-space:nowrap">reasonably </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6518.64px;left:0px;white-space:nowrap">satisfactory </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6518.64px;left:960.29px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6518.64px;left:1160.42px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6518.64px;left:1460.65px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6518.64px;left:1920.94px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6518.64px;left:2121.06px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6518.64px;left:2371.29px;white-space:nowrap">provided </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6518.64px;left:3111.77px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6518.64px;left:3351.88px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6518.64px;left:3782.11px;white-space:nowrap">record </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6518.64px;left:4342.32px;white-space:nowrap">owner </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6768.64px;left:0px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6768.64px;left:210.06px;white-space:nowrap">nominee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6768.64px;left:950.54px;white-space:nowrap">holder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6768.64px;left:1500.91px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6768.64px;left:1701.04px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6768.64px;left:2131.26px;white-space:nowrap">time.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:0px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:100.02px;white-space:nowrap">Any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:460.2px;white-space:nowrap">shareholder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:1460.83px;white-space:nowrap">desiring </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:2141.19px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:2341.32px;white-space:nowrap">nominate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:3131.81px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:3472.03px;white-space:nowrap">person(s) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:0px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:260.07px;white-space:nowrap">election </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:930.5px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:1170.62px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:1317.48px;letter-spacing:-0.83px;white-space:nowrap">Trustee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:1971.04px;white-space:nowrap">shall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:2391.24px;letter-spacing:-1.1px;white-space:nowrap">deliver, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:3011.57px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:3251.69px;white-space:nowrap">part </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:3611.87px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:3811.99px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:0px;white-space:nowrap">shareholder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:1000.63px;white-space:nowrap">notice, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:1580.98px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:1731.09px;white-space:nowrap">statement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:2571.5px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:2761.61px;white-space:nowrap">writing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:3331.76px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:3701.87px;white-space:nowrap">respect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:4342.15px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:300.23px;white-space:nowrap">person(s) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:1110.5px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:1310.63px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:1560.85px;white-space:nowrap">nominated, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:2501.46px;white-space:nowrap">together </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:3211.96px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:3582.07px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:3922.29px;white-space:nowrap">persons </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8198.64px;left:0px;white-space:nowrap">designated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8198.64px;left:930.76px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8198.64px;left:1170.88px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8198.64px;left:1321px;white-space:nowrap">proposed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8198.64px;left:2121.59px;white-space:nowrap">substitute </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8198.64px;left:2942.05px;white-space:nowrap">nominee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8198.64px;left:3682.53px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8198.64px;left:3872.64px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8198.64px;left:4172.87px;white-space:nowrap">event </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:0px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:350.24px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:500.36px;white-space:nowrap">proposed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:1300.96px;white-space:nowrap">nominee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:2041.44px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:2221.44px;white-space:nowrap">unwilling </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:2961.83px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:3171.88px;white-space:nowrap">unable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:3762.42px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:3962.55px;white-space:nowrap">service, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:0px;white-space:nowrap">including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:760.52px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:1000.63px;white-space:nowrap">reason </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:1601.02px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:1801.14px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:2141.37px;text-rendering:optimizeLegibility;white-space:nowrap">disqualification, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:3422.11px;white-space:nowrap">setting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:4002.45px;white-space:nowrap">forth </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:4412.64px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:0px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:940.43px;white-space:nowrap">required </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:1650.85px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:1890.97px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:2191.2px;white-space:nowrap">By-Laws. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:3031.44px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:3231.56px;white-space:nowrap">addition, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:3962.11px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:4108.97px;letter-spacing:-0.83px;white-space:nowrap">Trustee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9198.64px;left:0px;white-space:nowrap">questionnaire </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9198.64px;left:1130.8px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9198.64px;left:1481.13px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9198.64px;left:1821.36px;white-space:nowrap">supplemental </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9198.64px;left:2942.05px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9198.64px;left:3882.48px;white-space:nowrap">reasonably </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9448.64px;left:0px;white-space:nowrap">requested </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9448.64px;left:850.61px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9448.64px;left:1090.72px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9448.64px;left:1390.96px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9448.64px;left:1851.24px;white-space:nowrap">must </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9448.64px;left:2291.31px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9448.64px;left:2541.53px;white-space:nowrap">completed, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9448.64px;left:3472.03px;white-space:nowrap">executed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9448.64px;left:4252.59px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9698.64px;left:0px;white-space:nowrap">returned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9698.64px;left:720.44px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9698.64px;left:920.57px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9698.64px;left:1220.8px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9698.64px;left:1681.08px;white-space:nowrap">within </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9698.64px;left:2191.29px;text-rendering:optimizeLegibility;white-space:nowrap">five </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9698.64px;left:2521.41px;white-space:nowrap">business </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9698.64px;left:3281.84px;white-space:nowrap">days </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9698.64px;left:3712.06px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9698.64px;left:3912.19px;white-space:nowrap">receipt.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:0px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:100.02px;white-space:nowrap">Any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:460.2px;white-space:nowrap">shareholder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:1460.83px;white-space:nowrap">who </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:1841.04px;white-space:nowrap">gives </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:2311.26px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:2461.38px;white-space:nowrap">shareholder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:3462.01px;white-space:nowrap">notice </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:3992.34px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10378.64px;left:0px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10378.64px;left:340.22px;white-space:nowrap">matter </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10378.64px;left:900.35px;white-space:nowrap">proposed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10378.64px;left:1700.95px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10378.64px;left:1901.07px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10378.64px;left:2151.3px;white-space:nowrap">brought </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10378.64px;left:2811.8px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10378.64px;left:3372.19px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10378.64px;left:3622.41px;white-space:nowrap">annual </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10628.64px;left:0px;white-space:nowrap">meeting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10628.64px;left:690.38px;white-space:nowrap">shall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10628.64px;left:1110.59px;letter-spacing:-1.1px;white-space:nowrap">deliver, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10628.64px;left:1730.92px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10628.64px;left:1971.04px;white-space:nowrap">part </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10628.64px;left:2331.21px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10628.64px;left:2531.34px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10628.64px;left:2961.56px;white-space:nowrap">shareholder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10628.64px;left:3962.2px;white-space:nowrap">notice, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10878.64px;left:0px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10878.64px;left:230.1px;white-space:nowrap">statements </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10878.64px;left:1160.51px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10878.64px;left:1510.84px;white-space:nowrap">representations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10878.64px;left:2801.6px;white-space:nowrap">required </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10878.64px;left:3512.02px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10878.64px;left:3752.14px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10878.64px;left:4052.37px;white-space:nowrap">By-</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:0px;white-space:nowrap">Laws, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:520.22px;white-space:nowrap">including: </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:1330.75px;white-space:nowrap">1) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:1540.81px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:1690.93px;white-space:nowrap">statement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:2531.34px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:2721.45px;white-space:nowrap">writing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:3291.59px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:3661.7px;white-space:nowrap">respect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11128.64px;left:4301.98px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:300.23px;white-space:nowrap">number </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:960.56px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:1160.68px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:1750.96px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:2261.16px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:2571.33px;text-rendering:optimizeLegibility;white-space:nowrap">beneficially </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:3511.85px;white-space:nowrap">owned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11378.64px;left:4092.28px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11628.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11628.64px;left:300.23px;letter-spacing:-0.76px;white-space:nowrap">shareholder, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11628.64px;left:1340.95px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11628.64px;left:1480.96px;letter-spacing:-2.67px;white-space:nowrap">any, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11628.64px;left:1857.83px;white-space:nowrap">where </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11628.64px;left:2398.1px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11628.64px;left:2658.16px;white-space:nowrap">purposes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11628.64px;left:3448.65px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11628.64px;left:3648.78px;white-space:nowrap">disclosing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11878.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11878.64px;left:300.23px;white-space:nowrap">number </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11878.64px;left:960.56px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11878.64px;left:1160.68px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11878.64px;left:1750.96px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11878.64px;left:2261.16px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11878.64px;left:2571.33px;text-rendering:optimizeLegibility;white-space:nowrap">beneficially </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11878.64px;left:3511.85px;white-space:nowrap">owned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11878.64px;left:4092.28px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5220px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5370.12px;white-space:nowrap">proponent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6230.83px;letter-spacing:-0.76px;white-space:nowrap">shareholder, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7271.54px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7861.82px;text-rendering:optimizeLegibility;white-space:nowrap">&#8220;beneficially </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8862.28px;white-space:nowrap">owned&#8221; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5220px;white-space:nowrap">shall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5640.21px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6080.54px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6380.77px;white-space:nowrap">meaning </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7121.25px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7311.36px;white-space:nowrap">Rules </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7821.56px;white-space:nowrap">13d-3 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8331.94px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8682.28px;white-space:nowrap">13d-5 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9192.66px;white-space:nowrap">under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5520.23px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6360.56px;white-space:nowrap">Exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7201.23px;white-space:nowrap">Act </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7511.31px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7711.44px;white-space:nowrap">1934, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8211.88px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8452px;white-space:nowrap">amended, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:9302.61px;white-space:nowrap">(i.e., </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5220px;white-space:nowrap">possessing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6170.54px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7090.93px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7300.99px;white-space:nowrap">voting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:7831.32px;white-space:nowrap">discretion) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:8711.63px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:9061.96px;white-space:nowrap">include </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5220px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:5810.27px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:6110.51px;white-space:nowrap">shareholder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7111.14px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7451.37px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:7751.6px;white-space:nowrap">right </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8151.77px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8351.89px;white-space:nowrap">acquire </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:978.64px;left:8992.27px;white-space:nowrap">pursuant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5220px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5420.13px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:5760.35px;white-space:nowrap">agreement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6670.9px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:6880.96px;white-space:nowrap">upon </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:7331.4px;white-space:nowrap">exercise </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:8051.66px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:8251.79px;white-space:nowrap">conversion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:9172.27px;white-space:nowrap">rights </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1228.64px;left:9662.43px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:5220px;white-space:nowrap">warrants, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:6010.22px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:6220.28px;white-space:nowrap">otherwise; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:7090.66px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:7441px;white-space:nowrap">2) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:7651.05px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:7901.28px;white-space:nowrap">agreement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:8811.83px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:9011.95px;white-space:nowrap">return </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:9532.18px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1478.64px;left:9732.3px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:5220px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:5680.28px;white-space:nowrap">within </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:6190.49px;text-rendering:optimizeLegibility;white-space:nowrap">five </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:6520.61px;white-space:nowrap">business </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:7281.04px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:7481.16px;white-space:nowrap">delivery </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:8151.42px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:8581.64px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1728.64px;left:9041.92px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:5220px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:5460.12px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:5760.35px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:6290.68px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:6680.74px;white-space:nowrap">reasonably </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1978.64px;left:7611.33px;white-space:nowrap">request.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:5220px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:5329.95px;white-space:nowrap">No </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:5610.06px;white-space:nowrap">shareholder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:6610.69px;white-space:nowrap">proposal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:7351.17px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:7741.23px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:7991.46px;white-space:nowrap">brought </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:8651.95px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:9212.34px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2408.64px;left:9462.57px;white-space:nowrap">annual </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:5220px;white-space:nowrap">meeting, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:5960.39px;white-space:nowrap">unless </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:6530.71px;white-space:nowrap">shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:7621.35px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:8061.68px;white-space:nowrap">power </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:8601.94px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:8802.07px;white-space:nowrap">vote </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:9192.3px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2658.64px;left:9442.53px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:5220px;white-space:nowrap">subject </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:5840.33px;white-space:nowrap">matter </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:6400.46px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:6600.59px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:6900.82px;white-space:nowrap">shareholder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:7901.46px;white-space:nowrap">proposal, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:8691.94px;white-space:nowrap">whether </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:9382.32px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2908.64px;left:9592.38px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:5220px;white-space:nowrap">submitted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:6050.39px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:6290.51px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:6440.62px;white-space:nowrap">precatory </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:7240.96px;white-space:nowrap">recommendation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:8631.65px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:8831.78px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3158.64px;left:9132.01px;white-space:nowrap">Board.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:5220px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:5329.95px;white-space:nowrap">If </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:5479.98px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:5630.1px;white-space:nowrap">meeting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:6320.48px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:6500.48px;white-space:nowrap">postponed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:7391.25px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:7601.31px;white-space:nowrap">adjourned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:8452px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:8802.33px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:8952.45px;white-space:nowrap">new </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:9332.67px;white-space:nowrap">record </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:5220px;white-space:nowrap">date </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:5620.34px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:5800.34px;white-space:nowrap">set, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:6140.48px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:6480.7px;white-space:nowrap">proxy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:6970.87px;white-space:nowrap">received </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:7701.24px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:8111.25px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:8261.37px;white-space:nowrap">shareholder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:9262px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:5220px;white-space:nowrap">respect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:5860.28px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:6060.41px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:6360.64px;white-space:nowrap">original </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:6991px;white-space:nowrap">record </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:7551.21px;white-space:nowrap">date </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:7951.55px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:8251.52px;white-space:nowrap">remain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:8851.73px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:9041.84px;white-space:nowrap">full </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:9321.94px;white-space:nowrap">force </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:9772.12px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:5220px;letter-spacing:-0.46px;white-space:nowrap">effect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:5707px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:6077.11px;white-space:nowrap">respect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:6717.39px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:6917.52px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:7507.79px;white-space:nowrap">held </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:7898.12px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:8138.23px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:8438.47px;white-space:nowrap">shareholder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:9439.1px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4338.64px;left:9689.33px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:5220px;white-space:nowrap">new </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:5600.21px;white-space:nowrap">record </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:6160.43px;white-space:nowrap">date, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:6610.78px;white-space:nowrap">unless </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:7181.1px;white-space:nowrap">explicitly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4588.64px;left:7911.3px;white-space:nowrap">revoked.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:5220px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:5326.7px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:5686.87px;white-space:nowrap">chairperson </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:6677.4px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:6877.53px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:7177.76px;white-space:nowrap">Board, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:7758.11px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:7968.16px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:8158.27px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:8458.51px;white-space:nowrap">absence </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:9189.05px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:9389.18px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:5220px;white-space:nowrap">chairperson </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:6210.53px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:6410.65px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:6710.89px;white-space:nowrap">Board, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:7291.23px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:7591.46px;white-space:nowrap">president </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:8381.95px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:8582.08px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:8882.31px;white-space:nowrap">Fund, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:9392.61px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:9732.83px;white-space:nowrap">vice </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:5220px;white-space:nowrap">president </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:6010.49px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:6220.55px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:6680.83px;white-space:nowrap">authorized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:7571.43px;text-rendering:optimizeLegibility;white-space:nowrap">officer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:8111.6px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:8311.73px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:8611.96px;white-space:nowrap">Fund, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:9122.26px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:9512.31px;white-space:nowrap">adopt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:5220px;white-space:nowrap">rules </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:5660.16px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:5920.22px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:6220.46px;white-space:nowrap">orderly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:6820.66px;white-space:nowrap">conduct </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:7501.11px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:7701.24px;white-space:nowrap">shareholder </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5768.64px;left:8701.87px;white-space:nowrap">meetings.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:5220px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:5329.95px;white-space:nowrap">Every </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:5840.07px;white-space:nowrap">act </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:6130.2px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:6340.25px;white-space:nowrap">decision </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:7050.67px;white-space:nowrap">done </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:7501.11px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:7711.17px;white-space:nowrap">made </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:8211.45px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:8451.56px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:8751.8px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:9282.13px;white-space:nowrap">shall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:5220px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:5470.22px;white-space:nowrap">taken </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:5960.57px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:6200.68px;white-space:nowrap">Majority </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:6877.53px;letter-spacing:-0.83px;white-space:nowrap">Trustee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:7531.08px;letter-spacing:-1.99px;white-space:nowrap">Vote </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:7941.45px;white-space:nowrap">unless </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:8511.77px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6448.64px;left:8812px;white-space:nowrap">Declaration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:5220px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:5416.87px;letter-spacing:-1.11px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:5870.21px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:6080.27px;white-space:nowrap">applicable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:6940.9px;white-space:nowrap">law </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:7261px;white-space:nowrap">requires </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:7961.31px;white-space:nowrap">otherwise </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:8781.68px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:9132.01px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6698.64px;left:9332.14px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:5220px;white-space:nowrap">meetings </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:6000.38px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:6200.51px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:6500.74px;white-space:nowrap">Board, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:7081.08px;white-space:nowrap">one-half </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:7781.57px;white-space:nowrap">(50%) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:8311.73px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:8511.86px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:8808.84px;letter-spacing:-0.74px;white-space:nowrap">Trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6948.64px;left:9552.39px;white-space:nowrap">then </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:5220px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:5410.11px;text-rendering:optimizeLegibility;white-space:nowrap">office, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:5940.35px;white-space:nowrap">including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:6700.87px;white-space:nowrap">one-half </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:7401.36px;white-space:nowrap">(50%) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:7931.51px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:8131.64px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:8431.87px;white-space:nowrap">Continuing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7198.64px;left:9339.26px;letter-spacing:-0.74px;white-space:nowrap">Trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:5220px;white-space:nowrap">(but </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:5580.18px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:5770.28px;white-space:nowrap">no </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:6020.51px;white-space:nowrap">event </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:6510.85px;white-space:nowrap">fewer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:7001.02px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:7401.36px;white-space:nowrap">two </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:7728.22px;letter-spacing:-0.61px;white-space:nowrap">Trustees), </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:8581.73px;white-space:nowrap">shall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7448.64px;left:9001.93px;white-space:nowrap">constitute </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:5220px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:5370.12px;white-space:nowrap">quorum </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:6030.44px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:6290.51px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:6590.74px;white-space:nowrap">transaction </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:7521.24px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:7721.37px;white-space:nowrap">business. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:8521.87px;white-space:nowrap">At </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:8741.95px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7698.64px;left:8972.05px;white-space:nowrap">meetings </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:5220px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:5420.13px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:5760.35px;white-space:nowrap">committee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:6640.58px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:6850.63px;white-space:nowrap">sub-committee, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:8131.03px;white-space:nowrap">one-half </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:8831.51px;white-space:nowrap">(50%) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:9361.67px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7948.64px;left:9561.8px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8198.64px;left:5220px;white-space:nowrap">committee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8198.64px;left:6100.22px;white-space:nowrap">members </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8198.64px;left:6900.38px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8198.64px;left:7110.44px;white-space:nowrap">sub-committee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8198.64px;left:8340.82px;white-space:nowrap">members, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8198.64px;left:9190.99px;white-space:nowrap">including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:5220px;white-space:nowrap">one-half </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:5920.49px;white-space:nowrap">(50%) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:6450.64px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:6650.77px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:6951.01px;white-space:nowrap">committee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:7831.23px;white-space:nowrap">members </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:8631.39px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8448.64px;left:8841.45px;white-space:nowrap">sub-committee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:5220px;white-space:nowrap">members </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:6020.16px;white-space:nowrap">who </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:6400.37px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:6710.54px;white-space:nowrap">Continuing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:7617.92px;letter-spacing:-0.74px;white-space:nowrap">Trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:8361.47px;white-space:nowrap">(but </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:8721.65px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:8911.76px;white-space:nowrap">no </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8698.64px;left:9161.98px;white-space:nowrap">event </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:5220px;white-space:nowrap">fewer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:5710.17px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:6110.51px;white-space:nowrap">two </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:6437.37px;letter-spacing:-0.61px;white-space:nowrap">Trustees), </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:7290.88px;white-space:nowrap">shall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:7711.08px;white-space:nowrap">constitute </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:8531.54px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:8681.66px;white-space:nowrap">quorum </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:9341.98px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8948.64px;left:9602.05px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9198.64px;left:5220px;white-space:nowrap">transaction </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9198.64px;left:6150.5px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9198.64px;left:6350.62px;white-space:nowrap">business.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:5220px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:5326.7px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:5686.87px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:6217.21px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:6607.27px;white-space:nowrap">require </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:7217.58px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:7447.68px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:7647.8px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:7877.81px;white-space:nowrap">members </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9628.64px;left:8677.97px;white-space:nowrap">(including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9878.64px;left:5220px;white-space:nowrap">nominees) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9878.64px;left:6110.42px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9878.64px;left:6310.55px;white-space:nowrap">agree </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9878.64px;left:6820.93px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9878.64px;left:7011.04px;white-space:nowrap">writing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9878.64px;left:7581.18px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9878.64px;left:7821.3px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9878.64px;left:8021.43px;white-space:nowrap">matters </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9878.64px;left:8671.55px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9878.64px;left:8871.68px;white-space:nowrap">corporate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:5220px;white-space:nowrap">governance, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:6260.71px;white-space:nowrap">business </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:7021.14px;white-space:nowrap">ethics </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:7541.37px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:7891.7px;text-rendering:optimizeLegibility;letter-spacing:-0.79px;white-space:nowrap">confidentiality, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:9068.99px;white-space:nowrap">including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10128.64px;left:9829.51px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10378.64px;left:5220px;white-space:nowrap">background </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10378.64px;left:6210.7px;white-space:nowrap">check.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:5220px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:5326.7px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:5686.87px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:6217.21px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:6427.27px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:6727.5px;white-space:nowrap">shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:7818.13px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:8208.19px;white-space:nowrap">ratify </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:8648.26px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10808.64px;left:8988.49px;white-space:nowrap">act, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:5220px;white-space:nowrap">omission, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:6030.26px;white-space:nowrap">failure </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:6570.53px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:6770.65px;white-space:nowrap">act </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:7060.78px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:7270.84px;white-space:nowrap">determination </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:8411.48px;white-space:nowrap">made </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:8911.76px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:9211.99px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:9412.12px;white-space:nowrap">act </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11058.64px;left:9702.25px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:5220px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:5520.23px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:5980.52px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:6190.58px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:6420.59px;text-rendering:optimizeLegibility;white-space:nowrap">officers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:7050.76px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:7250.89px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:7551.12px;white-space:nowrap">extent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:8091.47px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:8441.72px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:8741.95px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:9272.29px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11308.64px;left:9482.34px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:5220px;white-space:nowrap">shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:6310.63px;white-space:nowrap">could </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:6790.96px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:7231.29px;white-space:nowrap">originally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:7991.63px;white-space:nowrap">authorized </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:8882.23px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11558.64px;left:9182.46px;white-space:nowrap">act.</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:100.02px;white-space:nowrap">Any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:460.2px;white-space:nowrap">action </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:990.53px;white-space:nowrap">required </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1700.95px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1911.01px;white-space:nowrap">permitted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2711.34px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2911.46px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3161.69px;white-space:nowrap">taken </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3652.03px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3892.15px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4192.38px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:390.06px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:640.28px;white-space:nowrap">taken </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1130.63px;white-space:nowrap">without </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1750.96px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1901.07px;white-space:nowrap">meeting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2591.46px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2831.57px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3131.81px;white-space:nowrap">same </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3621.97px;white-space:nowrap">vote </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4012.21px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:0px;letter-spacing:-0.74px;white-space:nowrap">Trustees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:743.55px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:983.67px;white-space:nowrap">would </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1503.98px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1754.21px;white-space:nowrap">required </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2464.63px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2664.76px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2914.98px;white-space:nowrap">in-person </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3715.4px;white-space:nowrap">meeting.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:360.18px;white-space:nowrap">Declaration </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:1320.64px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:1517.52px;letter-spacing:-1.11px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:1970.86px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:2321.19px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:2621.43px;white-space:nowrap">By-Laws </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:3361.64px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:3751.7px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:4001.92px;white-space:nowrap">inspected </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:190.11px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:590.27px;white-space:nowrap">entirety </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:1230.56px;white-space:nowrap">upon </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:1681px;white-space:nowrap">request </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2331.39px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2531.51px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2831.75px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:3518.7px;letter-spacing:-2px;white-space:nowrap">Templeton </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:0px;white-space:nowrap">Companies, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:1010.48px;white-space:nowrap">LLC, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:1430.77px;white-space:nowrap">Attention: </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:2241.3px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:2701.58px;letter-spacing:-1.21px;white-space:nowrap">Secretary, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:3558.52px;white-space:nowrap">300 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:3908.85px;white-space:nowrap">S.E. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:4298.99px;white-space:nowrap">2nd </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:0px;white-space:nowrap">Street, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:580.25px;white-space:nowrap">Fort </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:950.27px;white-space:nowrap">Lauderdale, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:1951.08px;letter-spacing:-2.23px;white-space:nowrap">FL </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:2204.47px;white-space:nowrap">33301.</div></div>
		</div>


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		<div 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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">An </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:270.18px;white-space:nowrap">annual </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:860.71px;letter-spacing:-0.48px;white-space:nowrap">shareholders&#8217; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1984.66px;white-space:nowrap">meeting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2675.04px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2875.17px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3565.37px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4362.36px;letter-spacing:-1.11px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4815.7px;white-space:nowrap">(Fund) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5395.87px;white-space:nowrap">was </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5765.98px;white-space:nowrap">held </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6156.3px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6406.52px;white-space:nowrap">March </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6956.63px;letter-spacing:-3.34px;white-space:nowrap">11, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7243.51px;white-space:nowrap">2021. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7734.02px;white-space:nowrap">At </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7954.1px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8254.34px;white-space:nowrap">meeting, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8994.73px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9294.96px;white-space:nowrap">holders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:200.13px;white-space:nowrap">25,131,894 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1151.02px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1741.29px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1941.42px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2241.65px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2828.67px;white-space:nowrap">common </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3568.89px;white-space:nowrap">stock </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4039.01px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4479.17px;white-space:nowrap">represented </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5489.82px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5679.93px;white-space:nowrap">person </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6280.31px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6490.37px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6730.49px;letter-spacing:-1.91px;white-space:nowrap">proxy, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7257.3px;white-space:nowrap">constituting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8217.86px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8367.98px;white-space:nowrap">quorum. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:0px;white-space:nowrap">At </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:220.08px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:520.31px;white-space:nowrap">Meeting, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:1260.7px;white-space:nowrap">shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:2351.34px;white-space:nowrap">elected </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:2981.78px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:3211.88px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:3412px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:3712.24px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:4299.26px;white-space:nowrap">nominees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:5129.74px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:5389.8px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:5690.04px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:6220.37px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:6417.25px;letter-spacing:-0.67px;white-space:nowrap">Trustees. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:7207.56px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:7567.73px;white-space:nowrap">results </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:8147.9px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:8348.03px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:8648.26px;white-space:nowrap">voting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:9178.59px;white-space:nowrap">were </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:658.64px;left:9618.75px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:908.64px;left:0px;white-space:nowrap">follows:&#160;</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1537.26px;left:0px;white-space:nowrap">Nominees</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1345.26px;left:3066.33px;white-space:nowrap">Shares </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1537.26px;left:3342.27px;white-space:nowrap">For</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1345.26px;left:4146.33px;white-space:nowrap">Shares </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1537.26px;left:4006.02px;letter-spacing:-0.18px;white-space:nowrap">Withheld</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1740.14px;left:0px;white-space:nowrap">Harris </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1740.14px;left:471.09px;white-space:nowrap">J. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1740.14px;left:631.17px;white-space:nowrap">Ashton</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1740.14px;left:2799.22px;white-space:nowrap">18,988,066</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1740.14px;left:4101.64px;white-space:nowrap">691,768</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1943.03px;left:0px;letter-spacing:-1.97px;white-space:nowrap">Terrence </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1943.03px;left:666.95px;white-space:nowrap">J. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1943.03px;left:835.86px;white-space:nowrap">Checki</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1943.03px;left:2799.22px;white-space:nowrap">18,991,366</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1943.03px;left:4101.64px;white-space:nowrap">688,468</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2145.91px;left:0px;white-space:nowrap">Mary </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2145.91px;left:400px;white-space:nowrap">C.Choksi</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2145.91px;left:2799.22px;white-space:nowrap">19,047,941</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2145.91px;left:4101.64px;white-space:nowrap">631,893</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2348.8px;left:0px;white-space:nowrap">Edith </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2348.8px;left:409.14px;white-space:nowrap">E. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2348.8px;left:604.77px;white-space:nowrap">Holiday</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2348.8px;left:2799.22px;white-space:nowrap">19,058,737</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2348.8px;left:4101.64px;white-space:nowrap">621,097</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2551.68px;left:0px;white-space:nowrap">Gregory </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2551.68px;left:622.42px;white-space:nowrap">E. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2551.68px;left:818.05px;white-space:nowrap">Johnson</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2551.68px;left:2799.22px;white-space:nowrap">19,017,376</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2551.68px;left:4101.64px;white-space:nowrap">662,458</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2754.57px;left:0px;white-space:nowrap">Rupert </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2754.57px;left:524.69px;white-space:nowrap">H. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2754.57px;left:729.14px;white-space:nowrap">Johnson, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2754.57px;left:1422.97px;letter-spacing:-2.94px;white-space:nowrap">Jr.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2754.57px;left:2799.22px;white-space:nowrap">18,980,120</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2754.57px;left:4101.64px;white-space:nowrap">699,714</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2957.45px;left:0px;white-space:nowrap">J. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2957.45px;left:168.91px;white-space:nowrap">Michael </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2957.45px;left:764.69px;white-space:nowrap">Luttig</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2957.45px;left:2799.22px;white-space:nowrap">19,017,368</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2957.45px;left:4101.64px;white-space:nowrap">662,466</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3160.34px;left:0px;white-space:nowrap">Larry </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3160.34px;left:408.98px;white-space:nowrap">D. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3160.34px;left:610.55px;white-space:nowrap">Thompson</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3160.34px;left:2799.22px;white-space:nowrap">19,028,882</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3160.34px;left:4101.64px;white-space:nowrap">650,952</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:0px;white-space:nowrap">Dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:1230.64px;white-space:nowrap">Reinvestment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:3117.66px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:3692.29px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:4463.44px;white-space:nowrap">Purchase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:5792.7px;white-space:nowrap">Plan</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:360.18px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:947.2px;white-space:nowrap">Dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1697.61px;white-space:nowrap">Reinvestment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2848.1px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3198.43px;white-space:nowrap">Cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3668.64px;white-space:nowrap">Purchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4479.08px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4889.36px;white-space:nowrap">(Plan) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5419.51px;letter-spacing:-0.46px;white-space:nowrap">offers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5916.45px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6256.67px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6406.79px;white-space:nowrap">prompt </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7017.01px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7367.34px;white-space:nowrap">simple </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7937.49px;white-space:nowrap">way </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8307.6px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8507.72px;white-space:nowrap">reinvest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9188px;white-space:nowrap">dividends </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:350.33px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:920.65px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1310.98px;white-space:nowrap">distributions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2321.46px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2511.56px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3101.84px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3301.96px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3602.2px;white-space:nowrap">Fund. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4109.24px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4469.41px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4879.69px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5259.9px;white-space:nowrap">allows </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5810.1px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6150.32px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6350.45px;white-space:nowrap">purchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7140.94px;white-space:nowrap">additional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7961.57px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8551.85px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8751.97px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9052.21px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9512.49px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:0px;white-space:nowrap">making </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:630.26px;white-space:nowrap">voluntary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1410.64px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1840.87px;white-space:nowrap">payments. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2711.34px;white-space:nowrap">American </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3521.6px;white-space:nowrap">Stock </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4018.54px;letter-spacing:-0.74px;white-space:nowrap">Transfer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4732.03px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4898.85px;letter-spacing:-1.11px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5352.19px;letter-spacing:-1.48px;white-space:nowrap">Company, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6209.21px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6589.42px;white-space:nowrap">(Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7049.71px;white-space:nowrap">Agent), </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7680.06px;letter-spacing:-4.64px;white-space:nowrap">P.O. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8066.95px;white-space:nowrap">Box </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8427.13px;white-space:nowrap">922, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8827.47px;letter-spacing:-1.34px;white-space:nowrap">Wall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:9220.78px;white-space:nowrap">Street </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:0px;white-space:nowrap">Station, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:660.41px;white-space:nowrap">New </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1067.26px;letter-spacing:-2.75px;white-space:nowrap">York, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1520.86px;letter-spacing:-1.08px;white-space:nowrap">NY </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1817.67px;white-space:nowrap">10269-0560, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2878.59px;white-space:nowrap">acts </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3258.72px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3498.84px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:3899px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:4299.35px;white-space:nowrap">Agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:4819.75px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:5009.85px;white-space:nowrap">administering </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6130.37px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:6430.61px;white-space:nowrap">Plan.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:0px;letter-spacing:-4.13px;white-space:nowrap">You </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:353.76px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:663.93px;white-space:nowrap">automatically </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:1764.4px;white-space:nowrap">enrolled </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2454.87px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2644.98px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2945.21px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:3355.49px;white-space:nowrap">unless </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:3925.81px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:4266.04px;white-space:nowrap">elect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:4696.26px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:4896.39px;white-space:nowrap">receive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:5526.65px;white-space:nowrap">dividends </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:6337.18px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:6547.24px;white-space:nowrap">distributions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:7557.71px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:7747.82px;white-space:nowrap">cash. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:8228.06px;white-space:nowrap">If </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:8378.09px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:8718.31px;white-space:nowrap">own </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:9098.53px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:9688.8px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:0px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:400.17px;white-space:nowrap">own </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:780.38px;white-space:nowrap">name, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:1330.66px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:1670.89px;white-space:nowrap">should </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:2251.32px;white-space:nowrap">notify </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:2731.55px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:3031.79px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:3432.13px;white-space:nowrap">Agent, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:4002.54px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:4192.65px;white-space:nowrap">writing, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:4812.8px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:4952.81px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:5293.04px;white-space:nowrap">wish </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:5703.13px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:5903.26px;white-space:nowrap">receive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:6533.53px;white-space:nowrap">dividends </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:7344.05px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:7554.11px;white-space:nowrap">distributions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:8564.59px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:8754.7px;white-space:nowrap">cash.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:0px;white-space:nowrap">If </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:150.03px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:450.26px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:910.55px;white-space:nowrap">declares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:1640.92px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:1791.04px;white-space:nowrap">dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:2511.56px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:2721.62px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:3291.94px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:3682.27px;white-space:nowrap">distribution </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:4602.74px;white-space:nowrap">payable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:5283.28px;white-space:nowrap">either </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:5783.55px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:5973.66px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:6403.89px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:6613.95px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:6804.05px;white-space:nowrap">stock </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:7274.18px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:7474.31px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:7774.54px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:8234.82px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:8585.16px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:8885.39px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1838.64px;left:9485.51px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:200.13px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:790.4px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:1040.63px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:1340.86px;white-space:nowrap">valuation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:2111.4px;white-space:nowrap">date </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:2511.74px;white-space:nowrap">equals </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:3092.17px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:3302.23px;white-space:nowrap">exceeds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:4022.67px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:4322.9px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:4623.13px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:5103.37px;white-space:nowrap">value, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:5633.7px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:5933.94px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:6394.22px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:6694.19px;white-space:nowrap">issue </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:7164.4px;white-space:nowrap">new </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:7544.62px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:8134.89px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:8335.02px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:8675.24px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:8875.37px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:9175.61px;white-space:nowrap">higher </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:9725.98px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:0px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:300.23px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:780.47px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:1260.79px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:1470.85px;white-space:nowrap">95% </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:1881.12px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:2081.25px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:2381.48px;white-space:nowrap">then </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:2781.83px;white-space:nowrap">current </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:3392.05px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:3992.17px;white-space:nowrap">price. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:4482.33px;white-space:nowrap">Whenever </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:5352.71px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:5652.95px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:6113.23px;white-space:nowrap">declares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:6843.6px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:6993.72px;white-space:nowrap">distribution </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:7914.2px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:8324.21px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:8894.53px;white-space:nowrap">gains </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:9374.85px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:9584.91px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:0px;white-space:nowrap">income </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:630.26px;white-space:nowrap">dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:1350.79px;white-space:nowrap">payable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:2031.33px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:2221.44px;white-space:nowrap">either </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:2721.71px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:3151.93px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:3361.99px;white-space:nowrap">shares, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:4002.28px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:4142.29px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:4442.52px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:4742.75px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:5222.99px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:5703.31px;white-space:nowrap">per </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:6013.48px;white-space:nowrap">share </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:6513.75px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:6713.88px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:7014.11px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:7601.13px;white-space:nowrap">common </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:8341.35px;white-space:nowrap">stock </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:8811.47px;white-space:nowrap">exceeds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:9531.91px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:0px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:600.12px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:1040.27px;white-space:nowrap">per </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:1350.44px;white-space:nowrap">share </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:1850.71px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:2100.94px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:2401.17px;white-space:nowrap">valuation </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:3171.71px;white-space:nowrap">date, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:3622.06px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:3922.29px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:4322.64px;white-space:nowrap">Agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:4843.04px;white-space:nowrap">shall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:5263.24px;white-space:nowrap">apply </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:5743.56px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:6043.8px;white-space:nowrap">amount </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:6694.19px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:6894.32px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:7324.54px;white-space:nowrap">dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:8045.07px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:8255.13px;white-space:nowrap">distribution </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:9175.61px;white-space:nowrap">payable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:0px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:200.13px;white-space:nowrap">participants </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:1170.62px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:1370.74px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:1670.98px;white-space:nowrap">purchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:2461.46px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:2661.59px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:3251.87px;white-space:nowrap">(less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:3681.91px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:4082.08px;white-space:nowrap">pro </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:4392.25px;white-space:nowrap">rata </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:4752.42px;white-space:nowrap">share </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:5252.7px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:5452.82px;white-space:nowrap">brokerage </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:6313.36px;white-space:nowrap">commissions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:7403.55px;white-space:nowrap">incurred </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:8103.87px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:8473.97px;white-space:nowrap">respect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:9114.26px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3088.64px;left:9314.38px;white-space:nowrap">open </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:0px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:600.12px;white-space:nowrap">purchases </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:1480.61px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:1670.71px;white-space:nowrap">connection </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:2591.37px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:2961.47px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:3261.71px;white-space:nowrap">reinvestment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:4342.15px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:4542.28px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:4972.5px;white-space:nowrap">dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:5693.03px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:5903.09px;white-space:nowrap">distribution). </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:6933.52px;white-space:nowrap">If </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:7083.54px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:7383.78px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:7823.94px;white-space:nowrap">exceeds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:8544.38px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:8844.61px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:9144.84px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3338.64px;left:9625.08px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:0px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:560.39px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:860.63px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:1260.97px;white-space:nowrap">Agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:1781.37px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:2121.59px;white-space:nowrap">completed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:3002.08px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:3232.09px;white-space:nowrap">purchases, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:4162.59px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:4462.82px;white-space:nowrap">average </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:5163.31px;white-space:nowrap">purchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:5953.8px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:6393.96px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:6784.01px;white-space:nowrap">exceed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:7414.45px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:7714.69px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:8014.92px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:8495.16px;white-space:nowrap">value, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:9025.49px;white-space:nowrap">resulting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3588.64px;left:9755.86px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:0px;white-space:nowrap">fewer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:490.17px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:1080.44px;white-space:nowrap">being </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:1570.87px;white-space:nowrap">acquired </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:2311.35px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:2711.69px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:2851.7px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:3151.93px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:3612.22px;white-space:nowrap">had </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:3962.55px;white-space:nowrap">issued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:4532.87px;white-space:nowrap">new </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:4913.09px;white-space:nowrap">shares. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:5543.44px;white-space:nowrap">All </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:5793.49px;white-space:nowrap">reinvestments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:6963.93px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:7274.09px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:7464.2px;white-space:nowrap">full </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:7744.31px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:8094.64px;white-space:nowrap">fractional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:8875.02px;white-space:nowrap">shares, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3838.64px;left:9515.3px;white-space:nowrap">carried </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:0px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:200.13px;white-space:nowrap">three </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:660.41px;white-space:nowrap">decimal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:1330.66px;white-space:nowrap">places. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:1947.74px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:2307.92px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:2768.2px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:3068.17px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:3368.41px;white-space:nowrap">issue </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:3838.62px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:4428.9px;white-space:nowrap">under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:4939.28px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:5239.51px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:5649.79px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:5849.91px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:6000.03px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:6440.19px;white-space:nowrap">below </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:6960.5px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:7260.73px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4088.64px;left:7740.97px;white-space:nowrap">value.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:360.18px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:770.45px;white-space:nowrap">permits </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:1410.56px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:1750.78px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:2001.01px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:2151.12px;white-space:nowrap">voluntary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:2931.5px;white-space:nowrap">basis </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:3401.72px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:3601.85px;white-space:nowrap">submit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:4182.01px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:4372.12px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:4802.34px;white-space:nowrap">payments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:5632.73px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:5832.86px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:6133.1px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:6503.2px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:6903.54px;white-space:nowrap">$100 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:7353.98px;white-space:nowrap">each </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:7794.32px;white-space:nowrap">up </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:8044.54px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:8244.67px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:8394.79px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:8785.02px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4518.64px;left:8985.15px;white-space:nowrap">$5,000 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:0px;white-space:nowrap">per </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:310.17px;white-space:nowrap">month </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:860.45px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:1060.58px;white-space:nowrap">purchase </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:1851.06px;white-space:nowrap">additional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:2671.7px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:3261.97px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:3462.1px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:3762.33px;white-space:nowrap">Fund. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:4272.63px;white-space:nowrap">It </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:4422.66px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:4602.66px;white-space:nowrap">entirely </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:5232.92px;white-space:nowrap">up </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:5483.14px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:5683.27px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:6023.5px;white-space:nowrap">whether </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:6713.88px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:7054.1px;white-space:nowrap">wish </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:7464.2px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:7664.33px;white-space:nowrap">buy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:8004.55px;white-space:nowrap">additional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:8825.19px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4768.64px;left:9415.46px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:0px;white-space:nowrap">voluntary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:780.38px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:1210.61px;white-space:nowrap">payments, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:2091.01px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:2441.34px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:2781.56px;white-space:nowrap">do </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:3031.79px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:3332.02px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:3772.35px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:3972.48px;white-space:nowrap">send </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:4412.81px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:4602.92px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:4903.15px;white-space:nowrap">same </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:5393.32px;white-space:nowrap">amount </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:6043.71px;white-space:nowrap">each </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:6484.04px;white-space:nowrap">time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:6874.1px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:7014.11px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:7354.34px;white-space:nowrap">do. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:7651.32px;white-space:nowrap">These </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:8201.6px;white-space:nowrap">payments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5018.64px;left:9031.99px;white-space:nowrap">should </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:0px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:250.22px;white-space:nowrap">made </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:750.5px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:990.62px;white-space:nowrap">check </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:1510.84px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:1720.9px;white-space:nowrap">money </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:2311.17px;white-space:nowrap">order </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:2781.39px;white-space:nowrap">payable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:3461.92px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:3652.12px;white-space:nowrap">American </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:4462.38px;white-space:nowrap">Stock </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:4959.32px;letter-spacing:-0.74px;white-space:nowrap">Transfer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:5672.81px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:5839.63px;letter-spacing:-1.11px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:6292.97px;letter-spacing:-1.48px;white-space:nowrap">Company, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:7149.99px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:7530.21px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:7880.54px;white-space:nowrap">sent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:8270.77px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:8460.97px;white-space:nowrap">American </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5268.64px;left:9271.23px;white-space:nowrap">Stock </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:0px;letter-spacing:-0.74px;white-space:nowrap">Transfer </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:713.5px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:880.31px;letter-spacing:-1.11px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:1333.65px;letter-spacing:-1.48px;white-space:nowrap">Company, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:2190.67px;white-space:nowrap">LLC, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:2620.9px;letter-spacing:-4.64px;white-space:nowrap">P.O. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:3007.79px;white-space:nowrap">Box </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:3367.97px;white-space:nowrap">922, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:3768.31px;letter-spacing:-1.34px;white-space:nowrap">Wall </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:4161.62px;white-space:nowrap">Street </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:4691.87px;white-space:nowrap">Station, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:5352.28px;white-space:nowrap">New </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:5759.12px;letter-spacing:-2.75px;white-space:nowrap">York, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:6212.72px;letter-spacing:-1.08px;white-space:nowrap">NY </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:6509.53px;white-space:nowrap">10269-0560, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:7560.53px;white-space:nowrap">Attn: </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:7980.73px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:8670.94px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5518.64px;left:9467.93px;letter-spacing:-1.11px;white-space:nowrap">Trust.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:0px;letter-spacing:-3.3px;white-space:nowrap">Your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:413.7px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:843.93px;white-space:nowrap">payment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:1584.32px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:1884.29px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:2134.51px;white-space:nowrap">aggregated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:3095.33px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:3465.44px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:3765.67px;white-space:nowrap">payments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:4596.06px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:4796.19px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:5256.47px;white-space:nowrap">participants </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:6226.96px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:6577.29px;white-space:nowrap">invested </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:7297.73px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:7547.96px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:7948.13px;white-space:nowrap">behalf </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:8488.56px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:8728.68px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:9028.92px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5948.64px;left:9429.26px;white-space:nowrap">Agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:0px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:190.11px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:780.38px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:980.51px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:1280.74px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:1741.03px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:2091.27px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:2401.44px;white-space:nowrap">purchased </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:3292.03px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:3482.14px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:3782.37px;white-space:nowrap">open </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6198.64px;left:4232.81px;white-space:nowrap">market.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:360.18px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:760.52px;white-space:nowrap">Agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:1280.92px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:1580.89px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:2101.11px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:2531.34px;white-space:nowrap">payments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:3361.73px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:3611.95px;white-space:nowrap">approximately </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:4782.48px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:5082.71px;white-space:nowrap">5th </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:5382.95px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:5583.08px;white-space:nowrap">each </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:6023.41px;white-space:nowrap">month </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:6573.69px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:6763.8px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:7274px;white-space:nowrap">no </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:7524.23px;white-space:nowrap">dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:8244.76px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:8454.81px;white-space:nowrap">distribution </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6628.64px;left:9375.29px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:0px;white-space:nowrap">payable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:680.54px;white-space:nowrap">and, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:1080.88px;white-space:nowrap">during </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:1631.25px;white-space:nowrap">each </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:2071.58px;white-space:nowrap">month </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:2621.87px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:2811.97px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:3322.18px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:3472.29px;white-space:nowrap">dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:4192.82px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:4402.88px;white-space:nowrap">distribution </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:5323.36px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:5503.36px;white-space:nowrap">payable, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:6233.91px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:6533.88px;white-space:nowrap">invest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:7054.1px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:7484.33px;white-space:nowrap">payments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:8314.72px;white-space:nowrap">beginning </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:9145.46px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6878.64px;left:9395.68px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:0px;white-space:nowrap">dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:720.53px;white-space:nowrap">payment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:1460.92px;white-space:nowrap">date. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:1911.27px;white-space:nowrap">Under </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:2451.53px;white-space:nowrap">no </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:2701.76px;white-space:nowrap">circumstances </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:3902.08px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:4202.05px;white-space:nowrap">interest </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:4842.33px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:5092.56px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:5482.88px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:5733.11px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:6133.27px;white-space:nowrap">funds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:6623.61px;white-space:nowrap">held </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:7013.94px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:7254.05px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:7554.29px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:7954.63px;white-space:nowrap">Agent. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:8515.11px;letter-spacing:-1.03px;white-space:nowrap">Accordingly, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7128.64px;left:9532.18px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:0px;white-space:nowrap">should </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:580.43px;white-space:nowrap">send </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:1020.76px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:1360.99px;white-space:nowrap">voluntary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:2141.37px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:2571.59px;white-space:nowrap">payments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:3401.98px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:3742.21px;white-space:nowrap">wish </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:4152.3px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:4352.43px;white-space:nowrap">make </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:4842.6px;white-space:nowrap">shortly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:5422.76px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:5983.15px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:6233.38px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:7153.77px;white-space:nowrap">date </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:7554.11px;white-space:nowrap">but </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:7854.35px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:8044.45px;text-rendering:optimizeLegibility;white-space:nowrap">sufficient </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:8804.79px;white-space:nowrap">time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:9194.85px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7378.64px;left:9394.98px;white-space:nowrap">ensure </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:0px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:350.24px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:750.41px;white-space:nowrap">payment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:1490.8px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:1790.77px;white-space:nowrap">reach </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:2291.04px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:2591.28px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:2991.62px;white-space:nowrap">Agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:3512.02px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:3812.26px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:4182.36px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:4582.71px;white-space:nowrap">two </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:4912.82px;white-space:nowrap">business </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:5673.25px;white-space:nowrap">days </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:6103.48px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:6663.87px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:6914.09px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:7834.48px;white-space:nowrap">date. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:8284.83px;white-space:nowrap">Payments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7628.64px;left:9135.18px;white-space:nowrap">received </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:0px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:370.11px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:770.45px;white-space:nowrap">two </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:1100.57px;white-space:nowrap">business </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:1861px;white-space:nowrap">days </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:2291.22px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:2851.61px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:3101.84px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:4022.23px;white-space:nowrap">date </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:4422.57px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:4722.54px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:4972.76px;white-space:nowrap">invested </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:5693.2px;white-space:nowrap">during </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:6243.57px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:6543.81px;white-space:nowrap">next </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:6934.04px;white-space:nowrap">month </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:7484.33px;letter-spacing:-2.48px;white-space:nowrap">or, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:7734.46px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:7874.47px;white-space:nowrap">there </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:8334.76px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:8644.92px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:9105.03px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:7878.64px;left:9505.37px;white-space:nowrap">30 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:0px;white-space:nowrap">days </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:430.22px;white-space:nowrap">until </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:810.44px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:1110.67px;white-space:nowrap">next </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:1500.91px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:2421.3px;white-space:nowrap">date, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:2871.65px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:3171.62px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:3421.85px;white-space:nowrap">returned </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:4142.29px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:4342.41px;white-space:nowrap">you. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:4729.39px;letter-spacing:-4.13px;white-space:nowrap">You </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:5083.15px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:5473.21px;white-space:nowrap">obtain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:6013.65px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:6163.77px;white-space:nowrap">refund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:6724.16px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:6924.29px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:7264.51px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:7694.74px;white-space:nowrap">payment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:8435.13px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:8675.24px;white-space:nowrap">written </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:9255.41px;white-space:nowrap">notice, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8128.64px;left:9835.75px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:300.23px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:700.58px;white-space:nowrap">Agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:1220.98px;white-space:nowrap">receives </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:1941.24px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:2241.47px;white-space:nowrap">written </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:2821.64px;white-space:nowrap">notice </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:3351.97px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:3652.21px;white-space:nowrap">less </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:4022.31px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:4422.66px;white-space:nowrap">48 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:4672.88px;white-space:nowrap">hours </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:5173.15px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:5733.54px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:5983.77px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8378.64px;left:6904.16px;white-space:nowrap">date.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:0px;white-space:nowrap">There </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:520.22px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:700.22px;white-space:nowrap">no </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:950.45px;white-space:nowrap">direct </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:1440.62px;white-space:nowrap">charge </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:2041px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:2241.12px;white-space:nowrap">participants </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:3211.61px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:3471.68px;white-space:nowrap">reinvesting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:4392.16px;white-space:nowrap">dividends </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:5202.69px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:5553.02px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:6123.34px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:6513.66px;white-space:nowrap">distributions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:7574.15px;white-space:nowrap">since </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:8044.37px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:8344.6px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:8744.94px;letter-spacing:-0.41px;white-space:nowrap">Agent&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:9392.08px;white-space:nowrap">fees </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:8808.64px;left:9782.31px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:0px;white-space:nowrap">paid </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:390.32px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:630.44px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:930.67px;white-space:nowrap">Fund. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:1440.97px;letter-spacing:-1.1px;white-space:nowrap">However, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:2241.3px;white-space:nowrap">when </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:2721.62px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:3311.89px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:3622.06px;white-space:nowrap">purchased </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:4512.66px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:4702.76px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:5003px;white-space:nowrap">open </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:5453.44px;white-space:nowrap">market, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:6103.56px;white-space:nowrap">each </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:6543.9px;white-space:nowrap">participant </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:7424.38px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:7724.36px;white-space:nowrap">pay </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:8064.58px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:8214.7px;white-space:nowrap">pro </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:8524.86px;white-space:nowrap">rata </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:8885.04px;white-space:nowrap">portion </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:9485.42px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9058.64px;left:9685.55px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:0px;white-space:nowrap">brokerage </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:860.54px;white-space:nowrap">commissions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:1950.73px;white-space:nowrap">incurred. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:2697.8px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:3057.98px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:3458.32px;white-space:nowrap">Agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:3978.72px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:4278.69px;white-space:nowrap">deduct </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:4869.14px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:5019.26px;white-space:nowrap">$5.00 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:5519.71px;white-space:nowrap">service </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:6139.86px;white-space:nowrap">fee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:6440.1px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:6850.11px;white-space:nowrap">each </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:7290.44px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:7490.57px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:7890.73px;white-space:nowrap">voluntary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:8671.11px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9308.64px;left:9101.34px;white-space:nowrap">payments.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:360.18px;white-space:nowrap">automatic </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:1190.57px;white-space:nowrap">reinvestment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:2271.01px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:2471.13px;white-space:nowrap">dividends </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:3281.66px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:3631.99px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:4202.31px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:4592.64px;white-space:nowrap">distributions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:5603.12px;white-space:nowrap">does </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:6043.45px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:6343.68px;white-space:nowrap">relieve </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:6923.94px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:7264.16px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:7464.29px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:7804.51px;white-space:nowrap">taxes </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:8284.75px;white-space:nowrap">which </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:8794.95px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:9185.01px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9738.64px;left:9435.23px;white-space:nowrap">payable </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:0px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:250.22px;white-space:nowrap">dividends </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:1060.75px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:1270.81px;white-space:nowrap">distributions. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:2331.3px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:2531.43px;white-space:nowrap">connection </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:3452.08px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:3822.19px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:4122.42px;white-space:nowrap">reinvestment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:5202.86px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:5402.99px;white-space:nowrap">dividends </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:6213.52px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:6563.85px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:7134.17px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:7524.49px;white-space:nowrap">distributions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:8584.98px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:8724.99px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:9025.22px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:9988.64px;left:9485.51px;white-space:nowrap">issues </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:0px;white-space:nowrap">new </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:380.21px;white-space:nowrap">shares, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:1020.5px;white-space:nowrap">shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:2111.13px;white-space:nowrap">receiving </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:2881.49px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:3311.72px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:3901.99px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:4682.46px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:4982.43px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:5232.66px;white-space:nowrap">treated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:5843.06px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:6083.17px;white-space:nowrap">having </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:6663.6px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:6813.72px;white-space:nowrap">distribution </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:7734.2px;white-space:nowrap">equal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:8224.63px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:8424.76px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:8724.99px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10238.64px;left:9325.11px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:200.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:500.36px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:1090.63px;white-space:nowrap">received, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:1871.02px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:2221.35px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:2361.36px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:2951.63px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:3261.8px;white-space:nowrap">purchased </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:4152.39px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:4402.62px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:4702.85px;white-space:nowrap">open </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:5153.29px;white-space:nowrap">market, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:5803.42px;white-space:nowrap">shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:6894.05px;white-space:nowrap">generally </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:7674.52px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:7974.49px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:8224.72px;white-space:nowrap">treated </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:8835.12px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10488.64px;left:9075.23px;white-space:nowrap">having </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:0px;white-space:nowrap">received </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:730.37px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:880.49px;white-space:nowrap">distribution </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:1800.97px;white-space:nowrap">equal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:2291.4px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:2491.52px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:2791.76px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:3221.98px;white-space:nowrap">distribution </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:4142.46px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:4492.71px;white-space:nowrap">would </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:5013.02px;white-space:nowrap">have </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:5453.35px;white-space:nowrap">been </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10738.64px;left:5903.79px;white-space:nowrap">paid.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:820.46px;white-space:nowrap">does </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:1260.79px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:1561.03px;white-space:nowrap">issue </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:2031.24px;white-space:nowrap">new </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:2411.46px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:3001.73px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:3191.84px;white-space:nowrap">connection </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:4112.49px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:4482.6px;white-space:nowrap">voluntary </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:5262.98px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:5693.2px;white-space:nowrap">payments. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:6563.67px;white-space:nowrap">All </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:6813.72px;white-space:nowrap">investments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:7824.11px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:8134.28px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:8324.38px;white-space:nowrap">full </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:8604.49px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11168.64px;left:8954.82px;white-space:nowrap">fractional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:0px;white-space:nowrap">shares, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:640.28px;white-space:nowrap">carried </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:1240.49px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:1440.62px;white-space:nowrap">three </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:1900.9px;white-space:nowrap">decimal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:2571.15px;white-space:nowrap">places. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:3191.48px;white-space:nowrap">If </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:3341.51px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:3641.75px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:4241.87px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:4682.02px;white-space:nowrap">exceeds </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:5402.46px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:5702.7px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:6002.93px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:6483.16px;white-space:nowrap">value </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:6963.49px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:7163.61px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:7463.85px;white-space:nowrap">time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:7853.91px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:8154.14px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:8554.48px;white-space:nowrap">Agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11418.64px;left:9074.88px;white-space:nowrap">purchases </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:300.23px;white-space:nowrap">additional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:1120.87px;white-space:nowrap">shares, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:1761.15px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:2101.38px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:2401.35px;white-space:nowrap">receive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:3031.61px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:3621.88px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:3822.01px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:3972.13px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:4412.29px;white-space:nowrap">greater </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:5032.62px;white-space:nowrap">than </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:5432.96px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:5733.19px;white-space:nowrap">net </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:6033.43px;white-space:nowrap">asset </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:11668.64px;left:6513.66px;white-space:nowrap">value.</div></div>
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</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:928.8px;width:712.8px;transform-origin:top left;transform:scale(1.2,1.2)"><div style="position:absolute;top:0px;left:0px;width:594px;height:774px">
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			<div style="width:10080px;height:912px;position:absolute;top:3.86px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">


			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:7910.95px;letter-spacing:10.67px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:8704.11px;letter-spacing:10.32px;white-space:nowrap">Universal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:9597.08px;letter-spacing:9.15px;white-space:nowrap">Trust</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:6024px;letter-spacing:10.67px;white-space:nowrap">Dividend </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:6795.2px;letter-spacing:10.9px;white-space:nowrap">Reinvestment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8005.89px;letter-spacing:9px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8367.25px;letter-spacing:9.6px;white-space:nowrap">Cash </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:8828.11px;letter-spacing:10.67px;white-space:nowrap">Purchase </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:178.59px;left:9701.34px;letter-spacing:9px;white-space:nowrap">Plan</div></div>
		</div>
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			<div style="width:717px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">47</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;letter-spacing:-4.13px;white-space:nowrap">You </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:353.76px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:653.73px;white-space:nowrap">receive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1283.99px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1434.11px;white-space:nowrap">monthly </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2114.38px;white-space:nowrap">account </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2794.83px;white-space:nowrap">statement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3635.24px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4045.25px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4345.49px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4745.83px;white-space:nowrap">Agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5266.23px;white-space:nowrap">showing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5976.65px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6366.88px;white-space:nowrap">dividends </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7177.41px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7527.74px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8098.07px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8488.39px;white-space:nowrap">distributions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9548.88px;white-space:nowrap">date </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:200.13px;white-space:nowrap">investment, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1170.53px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1760.8px;white-space:nowrap">acquired </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2501.28px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2851.61px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3291.77px;white-space:nowrap">per </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3601.93px;white-space:nowrap">share, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4152.22px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4502.55px;white-space:nowrap">total </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4892.78px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5483.06px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5683.18px;white-space:nowrap">record </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6243.4px;white-space:nowrap">held </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6633.72px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6873.84px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7214.06px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7564.39px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7804.51px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8104.75px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8505.09px;white-space:nowrap">Agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9025.49px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9285.56px;white-space:nowrap">you. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9672.54px;letter-spacing:-4.13px;white-space:nowrap">You </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:0px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:310.17px;white-space:nowrap">entitled </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:940.61px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1140.73px;white-space:nowrap">vote </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1530.97px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1761.06px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2351.34px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2551.46px;white-space:nowrap">record, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3161.69px;white-space:nowrap">including </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3922.21px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4512.48px;white-space:nowrap">purchased </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5403.08px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5663.14px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6003.37px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6243.49px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6543.72px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6944.06px;white-space:nowrap">Agent, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7514.47px;white-space:nowrap">and, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7914.81px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8054.82px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8395.05px;white-space:nowrap">vote </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8785.28px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:9025.4px;letter-spacing:-1.91px;white-space:nowrap">proxy, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:9552.22px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:0px;white-space:nowrap">proxy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:490.17px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:790.14px;white-space:nowrap">include </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1410.56px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:1640.65px;white-space:nowrap">such </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:2070.88px;white-space:nowrap">shares.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:0px;white-space:nowrap">As </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:260.07px;white-space:nowrap">long </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:650.39px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:890.51px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:1230.73px;white-space:nowrap">participate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2111.22px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2301.33px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:2601.56px;white-space:nowrap">Plan, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:3061.85px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:3362.08px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:3762.42px;white-space:nowrap">Agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:4282.82px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:4582.79px;white-space:nowrap">hold </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:4973.12px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:5273.35px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:5863.62px;white-space:nowrap">it </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:6003.63px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:6343.86px;white-space:nowrap">acquired </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:7084.34px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:7344.4px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:7684.63px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:7874.74px;white-space:nowrap">safekeeping, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:8945.51px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:9135.62px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1158.64px;left:9365.63px;white-space:nowrap">name </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:0px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:210.06px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:400.17px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:700.4px;white-space:nowrap">name </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:1200.67px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:1400.8px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:1630.81px;white-space:nowrap">nominee. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:2418.05px;white-space:nowrap">This </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:2808.11px;white-space:nowrap">convenience </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:3868.86px;white-space:nowrap">provides </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:4599.23px;white-space:nowrap">added </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:5149.78px;white-space:nowrap">protection </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:5990.27px;white-space:nowrap">against </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:6620.71px;white-space:nowrap">loss, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:7040.83px;white-space:nowrap">theft </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:7441.08px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:7651.14px;white-space:nowrap">inadvertent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:8591.75px;white-space:nowrap">destruction </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1408.64px;left:9522.25px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:0px;text-rendering:optimizeLegibility;white-space:nowrap">certificates. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:960.29px;letter-spacing:-1.1px;white-space:nowrap">However, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:1760.63px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:2100.85px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:2490.91px;white-space:nowrap">request </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:3141.3px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:3491.54px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:3641.66px;text-rendering:optimizeLegibility;white-space:nowrap">certificate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:4461.94px;white-space:nowrap">representing </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:5512.59px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:5912.75px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:6323.03px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:6913.3px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:7163.53px;white-space:nowrap">issued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:7733.85px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1658.64px;left:7933.97px;white-space:nowrap">you.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:0px;letter-spacing:-4.13px;white-space:nowrap">You </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:353.76px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:743.82px;white-space:nowrap">withdraw </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:1504.07px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:1914.08px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:2214.32px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:2624.59px;white-space:nowrap">without </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:3244.92px;white-space:nowrap">penalty </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:3875.36px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:4075.49px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:4415.71px;white-space:nowrap">time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:4805.77px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:5045.89px;white-space:nowrap">notifying </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:5766.33px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:6066.56px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:6466.9px;white-space:nowrap">Agent, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:7037.31px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:7227.42px;white-space:nowrap">writing, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:7847.58px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:8047.71px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:8347.94px;white-space:nowrap">address </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:9038.32px;white-space:nowrap">above. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:9628.77px;white-space:nowrap">If </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2088.64px;left:9778.8px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:0px;letter-spacing:-0.99px;white-space:nowrap">withdraw, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:800.33px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:1140.56px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:1440.53px;white-space:nowrap">receive, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:2120.8px;white-space:nowrap">without </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:2741.13px;white-space:nowrap">charge, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:3391.52px;white-space:nowrap">stock </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:3861.65px;text-rendering:optimizeLegibility;white-space:nowrap">certificates </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:4771.93px;white-space:nowrap">issued </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:5342.26px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:5532.36px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:5932.53px;white-space:nowrap">name </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:6432.8px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:6692.87px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:6922.97px;white-space:nowrap">full </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:7203.08px;white-space:nowrap">shares. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:7840.11px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:8200.28px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:8600.63px;white-space:nowrap">Agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:9121.03px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2338.64px;left:9421px;white-space:nowrap">convert </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:0px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:340.22px;white-space:nowrap">fractional </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:1120.61px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:1710.88px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:2051.1px;white-space:nowrap">hold </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:2441.43px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:2641.55px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:2941.79px;white-space:nowrap">time </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:3331.85px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:3531.97px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:3932.14px;white-space:nowrap">withdrawal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:4832.49px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:5032.62px;white-space:nowrap">cash </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:5462.84px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:5662.97px;white-space:nowrap">current </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:6273.19px;white-space:nowrap">market </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:6873.31px;white-space:nowrap">price </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:7313.47px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:7663.8px;white-space:nowrap">send </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:8104.13px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:8444.36px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:8594.47px;white-space:nowrap">check </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:9114.7px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2588.64px;left:9374.77px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2838.64px;left:0px;white-space:nowrap">proceeds.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:0px;white-space:nowrap">If </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:150.03px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:490.25px;white-space:nowrap">hold </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:880.58px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:1470.85px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:1660.96px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:2061.12px;white-space:nowrap">own </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:2441.34px;white-space:nowrap">name, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:2991.62px;white-space:nowrap">please </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:3572.05px;white-space:nowrap">address </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:4262.43px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:4492.53px;white-space:nowrap">notices, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:5162.87px;white-space:nowrap">correspondence, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:6553.74px;white-space:nowrap">questions, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:7424.3px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:7634.36px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3268.64px;left:8094.64px;white-space:nowrap">communications </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:0px;white-space:nowrap">regarding </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:810.53px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:1110.76px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:1521.04px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:1721.16px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:2021.4px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:2421.74px;white-space:nowrap">Agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:2942.14px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:3142.27px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:3442.5px;white-space:nowrap">address </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:4132.88px;white-space:nowrap">noted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:4633.33px;white-space:nowrap">above. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:5223.78px;white-space:nowrap">If </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:5373.81px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:5773.97px;white-space:nowrap">shares </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:6364.25px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:6674.41px;white-space:nowrap">not </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:6974.65px;white-space:nowrap">held </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:7364.97px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:7555.08px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:7955.24px;white-space:nowrap">name, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:8505.53px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:8845.75px;white-space:nowrap">should </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3518.64px;left:9426.18px;white-space:nowrap">contact </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:0px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:400.17px;white-space:nowrap">brokerage </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:1260.7px;text-rendering:optimizeLegibility;white-space:nowrap">firm, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:1660.61px;white-space:nowrap">bank, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:2150.95px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:2361.01px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:2821.29px;white-space:nowrap">nominee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:3561.77px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:3821.84px;white-space:nowrap">more </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:4281.94px;white-space:nowrap">information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:5222.37px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:5572.71px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:5772.83px;white-space:nowrap">determine </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:6623.26px;white-space:nowrap">if </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:6763.27px;white-space:nowrap">our </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:7073.44px;white-space:nowrap">nominee </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:7813.92px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:8113.89px;white-space:nowrap">participate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:8994.38px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:9184.48px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3768.64px;left:9484.72px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:0px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:250.22px;white-space:nowrap">your </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4018.64px;left:650.39px;white-space:nowrap">behalf.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:820.46px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:1030.52px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:1330.75px;white-space:nowrap">Plan </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:1731.09px;white-space:nowrap">Agent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:2251.49px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:2641.55px;white-space:nowrap">amend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:3241.93px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:3451.99px;white-space:nowrap">terminate </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:4252.32px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:4552.56px;white-space:nowrap">Plan. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:5009.59px;letter-spacing:-4.13px;white-space:nowrap">You </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:5363.35px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:5663.32px;white-space:nowrap">receive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:6293.58px;white-space:nowrap">written </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:6873.75px;white-space:nowrap">notice </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:7404.08px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:7604.21px;white-space:nowrap">least </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:8034.43px;white-space:nowrap">90 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:8284.66px;white-space:nowrap">days </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:8714.88px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4448.64px;left:9275.27px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:0px;letter-spacing:-0.33px;white-space:nowrap">effective </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:717.1px;white-space:nowrap">date </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:1117.44px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:1317.57px;white-space:nowrap">termination </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:2258px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:2468.06px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:2668.18px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:3008.41px;white-space:nowrap">amendment. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:4058.96px;white-space:nowrap">In </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:4259.09px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:4559.33px;white-space:nowrap">case </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:4989.55px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:5189.68px;white-space:nowrap">termination, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:6180.12px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:6520.34px;white-space:nowrap">will </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:6820.31px;white-space:nowrap">receive </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:7450.58px;white-space:nowrap">written </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:8030.74px;white-space:nowrap">notice </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:8561.07px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:8761.2px;white-space:nowrap">least </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:9191.43px;white-space:nowrap">90 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4698.64px;left:9441.65px;white-space:nowrap">days </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4948.64px;left:0px;white-space:nowrap">before </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4948.64px;left:560.39px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4948.64px;left:860.63px;white-space:nowrap">record </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4948.64px;left:1420.84px;white-space:nowrap">date </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4948.64px;left:1821.18px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4948.64px;left:2021.31px;white-space:nowrap">any </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4948.64px;left:2361.53px;white-space:nowrap">dividend </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4948.64px;left:3082.06px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4948.64px;left:3292.12px;white-space:nowrap">capital </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4948.64px;left:3862.44px;white-space:nowrap">gain </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4948.64px;left:4252.76px;white-space:nowrap">distribution </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4948.64px;left:5173.24px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4948.64px;left:5413.36px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4948.64px;left:5713.59px;white-space:nowrap">Fund.</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:360.18px;white-space:nowrap">name, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:910.46px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1310.63px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1510.75px;white-space:nowrap">birth </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:1910.92px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2261.25px;white-space:nowrap">address </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:2951.63px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3151.76px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:3451.99px;text-rendering:optimizeLegibility;white-space:nowrap">officers </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4082.17px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4432.5px;white-space:nowrap">board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:4942.88px;white-space:nowrap">members, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:5793.05px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6033.16px;white-space:nowrap">well </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6393.25px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:6633.37px;white-space:nowrap">their </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7033.54px;text-rendering:optimizeLegibility;white-space:nowrap">affiliations, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:7933.97px;white-space:nowrap">positions </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:8694.4px;white-space:nowrap">held </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:-21.36px;left:9084.73px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:296.98px;letter-spacing:-0.95px;white-space:nowrap">Trust, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:800.33px;white-space:nowrap">principal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:1520.68px;white-space:nowrap">occupations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:2531.34px;white-space:nowrap">during </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3081.71px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3281.84px;white-space:nowrap">least </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:3712.06px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4012.29px;white-space:nowrap">past </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4402.53px;text-rendering:optimizeLegibility;white-space:nowrap">five </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:4732.65px;white-space:nowrap">years </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5222.81px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:5573.14px;white-space:nowrap">number </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6233.47px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6433.59px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:6833.67px;white-space:nowrap">registered </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:7684.1px;white-space:nowrap">portfolios </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:8464.48px;white-space:nowrap">overseen </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9254.97px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:228.64px;left:9445.08px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:686.95px;letter-spacing:-2px;white-space:nowrap">Templeton </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1567.44px;white-space:nowrap">fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:1967.78px;white-space:nowrap">complex, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:2738.06px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3048.22px;white-space:nowrap">shown </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:3618.54px;letter-spacing:-1.42px;white-space:nowrap">below. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:4178.94px;letter-spacing:-1.21px;white-space:nowrap">Generally, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5035.96px;white-space:nowrap">each </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5476.29px;white-space:nowrap">board </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:5986.67px;white-space:nowrap">member </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:6696.83px;white-space:nowrap">serves </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7276.99px;white-space:nowrap">until </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:7657.21px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8007.45px;letter-spacing:-0.36px;white-space:nowrap">person&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:8734.57px;white-space:nowrap">successor </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:478.64px;left:9594.84px;white-space:nowrap">is </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:0px;white-space:nowrap">elected </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:630.44px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:728.64px;left:980.77px;text-rendering:optimizeLegibility;white-space:nowrap">qualified.</div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:1304.91px;left:0px;white-space:nowrap">Independent </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:1304.91px;left:1518.11px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:1304.91px;left:2284.14px;white-space:nowrap">Members</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1868.06px;left:0px;white-space:nowrap">Name, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1868.06px;left:521.8px;letter-spacing:-1.77px;white-space:nowrap">Year </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1868.06px;left:904.38px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1868.06px;left:1099.84px;white-space:nowrap">Birth </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2060.06px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2060.06px;left:322.97px;white-space:nowrap">Address</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2060.06px;left:2316px;white-space:nowrap">Position</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1868.06px;left:3632px;white-space:nowrap">Length </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1868.06px;left:4209.66px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2060.06px;left:3632px;letter-spacing:-0.58px;white-space:nowrap">Time </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2060.06px;left:4047px;white-space:nowrap">Served</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1676.06px;left:5348px;white-space:nowrap">Number </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1676.06px;left:5996.98px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1676.06px;left:6192.45px;white-space:nowrap">Portfolios </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1676.06px;left:6983.55px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1868.06px;left:5348px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1868.06px;left:5783.39px;white-space:nowrap">Complex </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1868.06px;left:6503.55px;white-space:nowrap">Overseen </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2060.06px;left:5348px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2060.06px;left:5579.17px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2060.06px;left:6085.89px;white-space:nowrap">Member*</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1868.06px;left:7514px;white-space:nowrap">Other </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1868.06px;left:7985.17px;white-space:nowrap">Directorships </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1868.06px;left:9061.03px;white-space:nowrap">Held </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2060.06px;left:7514px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2060.06px;left:8073.92px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2060.06px;left:8260.64px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2060.06px;left:8723.06px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2060.06px;left:9007.52px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2060.06px;left:9389.94px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2060.06px;left:9520.48px;letter-spacing:-1.77px;white-space:nowrap">Years</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2356.54px;left:0px;white-space:nowrap">Harris </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2356.54px;left:506.95px;white-space:nowrap">J. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2356.54px;left:678.91px;white-space:nowrap">Ashton </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2356.54px;left:1274.38px;white-space:nowrap">(1932)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:3632px;white-space:nowrap">Since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:4076.69px;white-space:nowrap">1998</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:5348px;white-space:nowrap">122</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:7514px;white-space:nowrap">Bar-S </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:7967.44px;white-space:nowrap">Foods </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:8456.58px;white-space:nowrap">(meat </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2356.54px;left:8910.02px;white-space:nowrap">packing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2548.54px;left:7514px;white-space:nowrap">company) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2548.54px;left:8260.95px;white-space:nowrap">(1981-2010).</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2563.03px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2563.03px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2563.03px;left:960.39px;white-space:nowrap">Parkway</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2755.03px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2755.03px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2755.03px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2755.03px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3051.51px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3051.51px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3051.51px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3051.51px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3051.51px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3051.51px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3051.51px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3051.51px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3051.51px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:0px;white-space:nowrap">Director </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:604.53px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:782.42px;white-space:nowrap">various </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:1342.66px;white-space:nowrap">companies; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:2205.31px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3258px;left:2516.72px;white-space:nowrap">formerly</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:3156.95px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:3245.86px;letter-spacing:-0.88px;white-space:nowrap">Director, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:3886.02px;white-space:nowrap">RBC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:4268.28px;white-space:nowrap">Holdings, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:4979.77px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:5282.11px;white-space:nowrap">(bank </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:5726.8px;white-space:nowrap">holding </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:6287.27px;white-space:nowrap">company) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:7034.22px;white-space:nowrap">(until </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:7425.47px;white-space:nowrap">2002); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:7923.59px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:8235px;white-space:nowrap">President, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3258px;left:8999.84px;white-space:nowrap">Chief </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:0px;white-space:nowrap">Executive </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:738.13px;text-rendering:optimizeLegibility;white-space:nowrap">Officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:1253.75px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:1565.16px;white-space:nowrap">Chairman </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:2303.2px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:2481.09px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:2747.97px;white-space:nowrap">Board, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:3263.83px;white-space:nowrap">General </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:3877.5px;white-space:nowrap">Host </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:4250.94px;white-space:nowrap">Corporation </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:5131.41px;white-space:nowrap">(nursery </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:5762.66px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:6074.06px;white-space:nowrap">craft </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:6429.69px;white-space:nowrap">centers) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:7052.11px;white-space:nowrap">(until </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3450px;left:7443.36px;white-space:nowrap">1998).</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3921.48px;left:0px;letter-spacing:-1.32px;white-space:nowrap">Terrence </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3921.48px;left:708.52px;white-space:nowrap">J. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3921.48px;left:886.41px;white-space:nowrap">Checki </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3921.48px;left:1455.55px;white-space:nowrap">(1945)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3921.48px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3921.48px;left:3632px;white-space:nowrap">Since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3921.48px;left:4076.69px;white-space:nowrap">2018</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3921.48px;left:5348px;white-space:nowrap">104	</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3921.48px;left:7514px;white-space:nowrap">Hess </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3921.48px;left:7922.98px;white-space:nowrap">Corporation </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3921.48px;left:8803.45px;white-space:nowrap">(exploration </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3921.48px;left:9683.92px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3921.48px;left:9861.81px;white-space:nowrap">oil </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4113.48px;left:7514px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4113.48px;left:7825.41px;white-space:nowrap">gas) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4113.48px;left:8181.11px;white-space:nowrap">(2014-present).</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4127.97px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4127.97px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4127.97px;left:960.39px;white-space:nowrap">Parkway</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4319.97px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4319.97px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4319.97px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4319.97px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4616.45px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4616.45px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4616.45px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4616.45px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4616.45px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4616.45px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4616.45px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4616.45px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4616.45px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:0px;white-space:nowrap">Member </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:631.25px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:809.14px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:1076.02px;white-space:nowrap">Council </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:1654.06px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:1876.48px;white-space:nowrap">Foreign </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:2463.44px;white-space:nowrap">Relations </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:3174.92px;white-space:nowrap">(1996-present); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:4313.28px;white-space:nowrap">Member </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:4944.53px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:5122.42px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:5389.3px;white-space:nowrap">National </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:6020.78px;white-space:nowrap">Committee </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:6838.75px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:7061.17px;white-space:nowrap">U.S.-China </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:7888.13px;white-space:nowrap">Relations </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4822.94px;left:8599.61px;white-space:nowrap">(1999-present); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:0px;white-space:nowrap">member </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:631.25px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:809.14px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:1076.02px;white-space:nowrap">board </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:1529.69px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:1707.58px;white-space:nowrap">trustees </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:2321.17px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:2499.06px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:2765.94px;white-space:nowrap">Economic </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:3512.89px;white-space:nowrap">Club </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:3886.41px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:4064.3px;white-space:nowrap">New </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:4425.94px;letter-spacing:-2.94px;white-space:nowrap">York </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:4784.69px;white-space:nowrap">(2013-present); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:5923.05px;white-space:nowrap">member </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:6554.3px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:6732.19px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:6999.06px;white-space:nowrap">board </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:7452.73px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:7630.63px;white-space:nowrap">trustees </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:8244.22px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:8422.11px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:8688.98px;white-space:nowrap">Foreign </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5014.94px;left:9275.94px;white-space:nowrap">Policy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:0px;white-space:nowrap">Association </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:862.66px;white-space:nowrap">(2005-present); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:2001.02px;white-space:nowrap">member </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:2632.27px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:2810.16px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:3077.03px;white-space:nowrap">board </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:3530.7px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:3708.59px;white-space:nowrap">directors </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:4366.56px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:4544.45px;white-space:nowrap">Council </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:5122.5px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:5300.39px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:5558.44px;white-space:nowrap">Americas </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:6269.69px;white-space:nowrap">(2007-present) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:7363.59px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:7675px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:7938.98px;letter-spacing:-1.36px;white-space:nowrap">Tallberg </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5206.94px;left:8543.75px;white-space:nowrap">Foundation </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:0px;white-space:nowrap">(2018-present); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:1138.36px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5398.94px;left:1449.77px;white-space:nowrap">formerly</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:2090px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:2178.91px;white-space:nowrap">Executive </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:2917.03px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:3269.84px;white-space:nowrap">President </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:3990.23px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:4168.13px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:4435px;white-space:nowrap">Federal </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:5021.95px;white-space:nowrap">Reserve </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:5662.19px;white-space:nowrap">Bank </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:6071.33px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:6249.22px;white-space:nowrap">New </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:6610.86px;letter-spacing:-2.94px;white-space:nowrap">York </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:6969.61px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:7281.02px;white-space:nowrap">Head </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:7707.97px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:7885.86px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:8090.31px;white-space:nowrap">Emerging </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:8819.53px;white-space:nowrap">Markets </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5398.94px;left:9432.97px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:0px;white-space:nowrap">Internal </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:569.3px;letter-spacing:-0.36px;white-space:nowrap">Affairs </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:1064.3px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:1553.44px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:1864.84px;white-space:nowrap">Member </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:2496.09px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:2673.98px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:3652.34px;white-space:nowrap">Committee </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:4470.31px;white-space:nowrap">(1995-2014); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:5430.94px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:5742.34px;letter-spacing:-0.32px;white-space:nowrap">Visiting </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:6299.69px;white-space:nowrap">Fellow </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:6806.48px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:6984.38px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:7251.25px;white-space:nowrap">Council </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:7829.3px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:8051.72px;white-space:nowrap">Foreign </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:8638.67px;white-space:nowrap">Relations </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5590.94px;left:9350.16px;white-space:nowrap">(2014).</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6062.42px;left:0px;white-space:nowrap">Mary </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6062.42px;left:417.97px;white-space:nowrap">C. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6062.42px;left:622.42px;white-space:nowrap">Choksi </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6062.42px;left:1200.31px;white-space:nowrap">(1950)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6062.42px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6062.42px;left:3632px;white-space:nowrap">Since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6062.42px;left:4076.69px;white-space:nowrap">2014</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6062.42px;left:5348px;white-space:nowrap">123</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6062.42px;left:7514px;white-space:nowrap">Omnicom </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6062.42px;left:8242.98px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6062.42px;left:8732.13px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6062.42px;left:9034.47px;white-space:nowrap">(advertising </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6254.42px;left:7514px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6254.42px;left:7825.41px;white-space:nowrap">marketing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6254.42px;left:8572.36px;white-space:nowrap">communications </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6446.42px;left:7514px;white-space:nowrap">services) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6446.42px;left:8198.53px;letter-spacing:-0.79px;white-space:nowrap">(2011-present) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6446.42px;left:9280.56px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6446.42px;left:9591.97px;white-space:nowrap">White </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6638.42px;left:7514px;white-space:nowrap">Mountains </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6638.42px;left:8296.66px;white-space:nowrap">Insurance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6638.42px;left:9043.77px;white-space:nowrap">Group, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6638.42px;left:9577.36px;white-space:nowrap">Ltd. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6830.42px;left:7514px;white-space:nowrap">(holding </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6830.42px;left:8127.75px;white-space:nowrap">company) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6830.42px;left:8874.7px;white-space:nowrap">(2017-present); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7022.42px;left:7514px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7022.42px;left:7825.41px;white-space:nowrap">formerly</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7022.42px;left:8465.64px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7022.42px;left:8545.72px;letter-spacing:-0.58px;white-space:nowrap">Avis </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7022.42px;left:8889.55px;white-space:nowrap">Budget </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7022.42px;left:9441.11px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7214.42px;left:7514px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7214.42px;left:7816.34px;white-space:nowrap">(car </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7214.42px;left:8136.34px;white-space:nowrap">rental) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7214.42px;left:8634.31px;white-space:nowrap">(2007-2020).</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6268.9px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6268.9px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6268.9px;left:960.39px;white-space:nowrap">Parkway</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6460.9px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6460.9px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6460.9px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6460.9px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7420.9px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7420.9px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7420.9px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7420.9px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7420.9px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7420.9px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7420.9px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7420.9px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7420.9px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:0px;white-space:nowrap">Director </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:604.53px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:782.42px;white-space:nowrap">various </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:1342.66px;white-space:nowrap">companies; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:2205.31px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7627.39px;left:2516.72px;white-space:nowrap">formerly</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:3156.95px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:3245.86px;white-space:nowrap">Founder </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:3886.25px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:4197.66px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:4695.78px;letter-spacing:-0.98px;white-space:nowrap">Advisor, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:5309.38px;white-space:nowrap">Strategic </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:5985.23px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:6812.27px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:7301.41px;white-space:nowrap">(investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:8172.81px;white-space:nowrap">management </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7627.39px;left:9151.17px;white-space:nowrap">group) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.39px;left:0px;white-space:nowrap">(2015-2017); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.39px;left:960.63px;white-space:nowrap">Founding </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.39px;left:1672.27px;white-space:nowrap">Partner </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.39px;left:2241.41px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.39px;left:2552.81px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.39px;left:3059.77px;white-space:nowrap">Managing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.39px;left:3806.95px;letter-spacing:-0.88px;white-space:nowrap">Director, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.39px;left:4447.11px;white-space:nowrap">Strategic </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.39px;left:5122.97px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.39px;left:5950px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.39px;left:6439.14px;white-space:nowrap">(1987-2015); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.39px;left:7399.77px;white-space:nowrap">Founding </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.39px;left:8111.41px;white-space:nowrap">Partner </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.39px;left:8680.55px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7819.39px;left:8991.95px;white-space:nowrap">Managing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8011.39px;left:0px;letter-spacing:-0.88px;white-space:nowrap">Director, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8011.39px;left:640.16px;white-space:nowrap">Emerging </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8011.39px;left:1369.38px;white-space:nowrap">Markets </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8011.39px;left:1982.81px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8011.39px;left:2961.17px;white-space:nowrap">LLC </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8011.39px;left:3299.14px;white-space:nowrap">(investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8011.39px;left:4170.55px;white-space:nowrap">management </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8011.39px;left:5148.91px;text-rendering:optimizeLegibility;white-space:nowrap">firm) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8011.39px;left:5513.2px;letter-spacing:-0.91px;white-space:nowrap">(1987-2011); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8011.39px;left:6461.95px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8011.39px;left:6773.36px;white-space:nowrap">Loan </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8011.39px;left:7173.75px;text-rendering:optimizeLegibility;white-space:nowrap">Officer/Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8011.39px;left:8196.33px;white-space:nowrap">Loan </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8011.39px;left:8596.72px;text-rendering:optimizeLegibility;white-space:nowrap">Officer/Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8203.39px;left:0px;white-space:nowrap">Pension </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8203.39px;left:622.66px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8203.39px;left:1449.69px;text-rendering:optimizeLegibility;letter-spacing:-0.98px;white-space:nowrap">Officer, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8203.39px;left:2000.94px;letter-spacing:-0.48px;white-space:nowrap">World </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8203.39px;left:2460.31px;white-space:nowrap">Bank </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8203.39px;left:2869.45px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8203.39px;left:3358.59px;white-space:nowrap">(international </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8203.39px;left:4328.05px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8203.39px;left:4959.53px;white-space:nowrap">institution) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8203.39px;left:5733.2px;white-space:nowrap">(1977-1987).</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
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			<div style="width:10080px;height:12901px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">





























			<div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:0px;white-space:nowrap">Name, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:521.8px;letter-spacing:-1.77px;white-space:nowrap">Year </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:904.38px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:1099.84px;white-space:nowrap">Birth </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:322.97px;white-space:nowrap">Address</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:2316px;white-space:nowrap">Position</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:3632px;white-space:nowrap">Length </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:4209.66px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:3632px;letter-spacing:-0.58px;white-space:nowrap">Time </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:4047px;white-space:nowrap">Served</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:5348px;white-space:nowrap">Number </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:5996.98px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:6192.45px;white-space:nowrap">Portfolios </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:6983.55px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:5348px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:5783.39px;white-space:nowrap">Complex </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:6503.55px;white-space:nowrap">Overseen </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:5348px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:5579.17px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:6085.89px;white-space:nowrap">Member*</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:7514px;white-space:nowrap">Other </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:7985.17px;white-space:nowrap">Directorships </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:9061.03px;white-space:nowrap">Held </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:7514px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:8073.92px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:8260.64px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:8723.06px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:9007.52px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:9389.94px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:9520.48px;letter-spacing:-1.77px;white-space:nowrap">Years</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:0px;white-space:nowrap">Edith </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:444.38px;white-space:nowrap">E. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:640px;white-space:nowrap">Holiday </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:1262.34px;white-space:nowrap">(1952)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:2316px;white-space:nowrap">Lead</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:2316px;white-space:nowrap">Independent </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:3632px;letter-spacing:-0.74px;white-space:nowrap">Trustee </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:4212.94px;white-space:nowrap">since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:4630.91px;white-space:nowrap">2004 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:3632px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:3943.41px;white-space:nowrap">Lead </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:4343.8px;white-space:nowrap">Independent </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:3632px;letter-spacing:-0.74px;white-space:nowrap">Trustee </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:4212.94px;white-space:nowrap">since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:4630.91px;white-space:nowrap">2019</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:5348px;white-space:nowrap">123</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:7514px;white-space:nowrap">Hess </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:7922.98px;white-space:nowrap">Corporation </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:8803.45px;white-space:nowrap">(exploration </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:9683.92px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:9861.81px;white-space:nowrap">oil </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:7514px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:7825.41px;white-space:nowrap">gas) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:8181.11px;white-space:nowrap">(1993-present), </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:9319.47px;white-space:nowrap">Santander </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:7514px;white-space:nowrap">Consumer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:8296.5px;letter-spacing:-2.21px;white-space:nowrap">USA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:8661.11px;white-space:nowrap">Holdings, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:9372.59px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:7514px;white-space:nowrap">(consumer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:8314.23px;text-rendering:optimizeLegibility;white-space:nowrap">finance) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:8927.91px;white-space:nowrap">(2016-present); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1788.79px;left:7514px;white-space:nowrap">Santander </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1788.79px;left:8296.81px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1788.79px;left:8963.84px;letter-spacing:-2.21px;white-space:nowrap">USA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1788.79px;left:9328.45px;white-space:nowrap">(holding </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:7514px;white-space:nowrap">company) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:8260.95px;white-space:nowrap">(2019-present); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:9399.31px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2172.79px;left:7514px;white-space:nowrap">formerly</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:8154.23px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:8243.14px;white-space:nowrap">Canadian </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:8972.59px;white-space:nowrap">National </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2364.79px;left:7514px;white-space:nowrap">Railway </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2364.79px;left:8117.3px;white-space:nowrap">(railroad) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2364.79px;left:8800.6px;white-space:nowrap">(2001-April </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2364.79px;left:9626.33px;white-space:nowrap">2021), </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2556.79px;left:7514px;white-space:nowrap">White </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2556.79px;left:7967.44px;white-space:nowrap">Mountains </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2556.79px;left:8750.09px;white-space:nowrap">Insurance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2556.79px;left:9497.2px;white-space:nowrap">Group, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2748.79px;left:7514px;white-space:nowrap">Ltd. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2748.79px;left:7825.33px;white-space:nowrap">(holding </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2748.79px;left:8439.08px;white-space:nowrap">company) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2748.79px;left:9186.03px;white-space:nowrap">(2004-May </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2940.79px;left:7514px;letter-spacing:-0.29px;white-space:nowrap">2021),RTI </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2940.79px;left:8266.97px;white-space:nowrap">International </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2940.79px;left:9192.05px;white-space:nowrap">Metals, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3132.79px;left:7514px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3132.79px;left:7816.34px;white-space:nowrap">(manufacture </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3132.79px;left:8803.45px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3132.79px;left:9114.86px;white-space:nowrap">distribution </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3324.79px;left:7514px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3324.79px;left:7691.89px;white-space:nowrap">titanium) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3324.79px;left:8349.86px;white-space:nowrap">(1999-2015) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3324.79px;left:9266.03px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3324.79px;left:9577.44px;white-space:nowrap">H.J. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3516.79px;left:7514px;white-space:nowrap">Heinz </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3516.79px;left:7967.52px;white-space:nowrap">Company </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3516.79px;left:8696.73px;white-space:nowrap">(processed </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3516.79px;left:9532.67px;white-space:nowrap">foods </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.79px;left:7514px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.79px;left:7825.41px;white-space:nowrap">allied </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.79px;left:8243.45px;white-space:nowrap">products) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3708.79px;left:8954.86px;white-space:nowrap">(1994-2013).</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:960.39px;white-space:nowrap">Parkway</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3915.27px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3915.27px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3915.27px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3915.27px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3915.27px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3915.27px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3915.27px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3915.27px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3915.27px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:0px;white-space:nowrap">Director </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:604.53px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:788.36px;letter-spacing:-0.74px;white-space:nowrap">Trustee </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:1369.3px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:1547.19px;white-space:nowrap">various </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:2107.42px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:2925.63px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:3237.03px;white-space:nowrap">trusts; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:3717.11px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4121.76px;left:4028.52px;white-space:nowrap">formerly</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:4668.75px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:4748.83px;white-space:nowrap">Assistant </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:5442.42px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:5620.31px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:5887.19px;white-space:nowrap">President </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:6607.58px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:6785.47px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:7052.34px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:7559.3px;white-space:nowrap">States </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:8057.34px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:8368.75px;white-space:nowrap">Secretary </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:9097.89px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4121.76px;left:9275.78px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:0px;white-space:nowrap">Cabinet </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:595.94px;white-space:nowrap">(1990-1993); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:1556.56px;white-space:nowrap">General </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:2170.23px;white-space:nowrap">Counsel </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:2801.72px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:2979.61px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:3246.48px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:3753.44px;white-space:nowrap">States </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:4248.59px;letter-spacing:-0.66px;white-space:nowrap">Treasury </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:4918.36px;white-space:nowrap">Department </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:5798.75px;white-space:nowrap">(1989-1990); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:6759.38px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:7070.78px;white-space:nowrap">Counselor </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:7844.53px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:8022.42px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:8289.3px;white-space:nowrap">Secretary </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:9018.44px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4313.76px;left:9321.02px;white-space:nowrap">Assistant </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4505.76px;left:0px;white-space:nowrap">Secretary </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4505.76px;left:729.14px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4505.76px;left:960.31px;white-space:nowrap">Public </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4505.76px;left:1431.72px;letter-spacing:-0.36px;white-space:nowrap">Affairs </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4505.76px;left:1926.72px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4505.76px;left:2238.13px;white-space:nowrap">Public </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4505.76px;left:2718.36px;white-space:nowrap">Liaison-United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4505.76px;left:3785.63px;white-space:nowrap">States </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4505.76px;left:4280.78px;letter-spacing:-0.66px;white-space:nowrap">Treasury </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4505.76px;left:4950.55px;white-space:nowrap">Department </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4505.76px;left:5830.94px;white-space:nowrap">(1988-1989).</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4977.24px;left:0px;white-space:nowrap">J. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4977.24px;left:177.89px;white-space:nowrap">Michael </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4977.24px;left:809.22px;white-space:nowrap">Luttig </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4977.24px;left:1297.89px;white-space:nowrap">(1954)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4977.24px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4977.24px;left:3632px;white-space:nowrap">Since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4977.24px;left:4076.69px;white-space:nowrap">2009</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4977.24px;left:5348px;white-space:nowrap">123</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4977.24px;left:7514px;white-space:nowrap">Boeing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4977.24px;left:8056.66px;white-space:nowrap">Capital </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4977.24px;left:8599.16px;white-space:nowrap">Corporation </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4977.24px;left:9479.63px;white-space:nowrap">(aircraft </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5169.24px;left:7514px;text-rendering:optimizeLegibility;white-space:nowrap">financing) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5169.24px;left:8252.2px;white-space:nowrap">(2006-2010).</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5183.72px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5183.72px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5183.72px;left:960.39px;white-space:nowrap">Parkway</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5375.72px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5375.72px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5375.72px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5375.72px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5672.21px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5672.21px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5672.21px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5672.21px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5672.21px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5672.21px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5672.21px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5672.21px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5672.21px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:0px;white-space:nowrap">Private </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:542.42px;white-space:nowrap">investor; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:1191.56px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5878.69px;left:1502.97px;white-space:nowrap">formerly</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:2143.2px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:2232.11px;white-space:nowrap">Counselor </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:3005.86px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:3317.27px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:3815.39px;white-space:nowrap">Advisor </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:4393.36px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:4571.25px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:4838.13px;white-space:nowrap">Chairman, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:5620.63px;white-space:nowrap">CEO, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:6056.25px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:6367.66px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:6839.06px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:7016.95px;white-space:nowrap">Directors, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:7745.94px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:7920.94px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:8241.09px;white-space:nowrap">Boeing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5878.69px;left:8783.75px;white-space:nowrap">Company </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:0px;white-space:nowrap">(aerospace </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:844.92px;white-space:nowrap">company), </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:1636.33px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:1947.73px;white-space:nowrap">member </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:2578.98px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:2756.88px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:3023.75px;white-space:nowrap">Executive </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:3761.88px;white-space:nowrap">Council </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:4339.92px;white-space:nowrap">(May </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:4739.92px;white-space:nowrap">2019-January </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:5762.81px;white-space:nowrap">1, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:5940.7px;white-space:nowrap">2020); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:6438.83px;white-space:nowrap">Executive </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:7176.95px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:7529.77px;white-space:nowrap">President, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:8294.61px;white-space:nowrap">General </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:8908.28px;white-space:nowrap">Counsel </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6070.69px;left:9539.77px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:0px;white-space:nowrap">member </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:631.25px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:809.14px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:1076.02px;white-space:nowrap">Executive </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:1814.14px;white-space:nowrap">Council, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:2433.75px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:2753.91px;white-space:nowrap">Boeing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:3296.56px;white-space:nowrap">Company </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:4025.78px;white-space:nowrap">(2006-2019); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:4986.41px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:5297.81px;white-space:nowrap">Federal </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:5875.94px;white-space:nowrap">Appeals </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:6498.59px;white-space:nowrap">Court </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:6934.3px;white-space:nowrap">Judge, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:7459.14px;white-space:nowrap">United </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:7966.09px;white-space:nowrap">States </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:8464.14px;white-space:nowrap">Court </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:8899.84px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:9068.91px;white-space:nowrap">Appeals </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6262.69px;left:9691.56px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6454.69px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6454.69px;left:266.88px;white-space:nowrap">Fourth </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6454.69px;left:773.75px;white-space:nowrap">Circuit </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6454.69px;left:1271.56px;white-space:nowrap">(1991-2006).</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6926.18px;left:0px;white-space:nowrap">Larry </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6926.18px;left:444.69px;white-space:nowrap">D. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6926.18px;left:649.14px;white-space:nowrap">Thompson </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6926.18px;left:1511.25px;white-space:nowrap">(1945)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6926.18px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6926.18px;left:3632px;white-space:nowrap">Since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6926.18px;left:4076.69px;white-space:nowrap">2007</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6926.18px;left:5348px;white-space:nowrap">123</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6926.18px;left:7514px;letter-spacing:-1.19px;white-space:nowrap">Formerly, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6926.18px;left:8222.13px;white-space:nowrap">Graham </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6926.18px;left:8844.55px;white-space:nowrap">Holdings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7118.18px;left:7514px;white-space:nowrap">Company </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7118.18px;left:8243.22px;white-space:nowrap">(education </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7118.18px;left:9034.86px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7118.18px;left:9346.27px;white-space:nowrap">media </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7310.18px;left:7514px;white-space:nowrap">organization) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7310.18px;left:8483.45px;letter-spacing:-1.19px;white-space:nowrap">(2011-May </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7310.18px;left:9280.8px;white-space:nowrap">2021); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7502.18px;left:7514px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7502.18px;left:7834.16px;white-space:nowrap">Southern </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7502.18px;left:8527.98px;white-space:nowrap">Company </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7502.18px;left:9257.2px;white-space:nowrap">(energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7694.18px;left:7514px;white-space:nowrap">company) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7694.18px;left:8260.95px;white-space:nowrap">(2014-2020; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7694.18px;left:9168.3px;white-space:nowrap">previously </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7886.18px;left:7514px;white-space:nowrap">2010-2012) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7886.18px;left:8376.89px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7886.18px;left:8688.3px;white-space:nowrap">Cbeyond, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7886.18px;left:9417.67px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8078.18px;left:7514px;white-space:nowrap">(business </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8078.18px;left:8243.22px;white-space:nowrap">communications </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8078.18px;left:9443.69px;white-space:nowrap">provider) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8270.18px;left:7514px;white-space:nowrap">(2010-2012).</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7132.66px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7132.66px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7132.66px;left:960.39px;white-space:nowrap">Parkway</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7324.66px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7324.66px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7324.66px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7324.66px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8476.66px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8476.66px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8476.66px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8476.66px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8476.66px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8476.66px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8476.66px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8476.66px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8476.66px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:0px;white-space:nowrap">Director </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:604.53px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:782.42px;white-space:nowrap">various </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:1342.66px;white-space:nowrap">companies; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:2205.31px;white-space:nowrap">Counsel, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:2881.25px;white-space:nowrap">Finch </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:3316.95px;white-space:nowrap">McCranie, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:4090.47px;letter-spacing:-0.72px;white-space:nowrap">LLP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:4416.72px;white-space:nowrap">(law </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:4754.53px;text-rendering:optimizeLegibility;white-space:nowrap">firm) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:5118.83px;white-space:nowrap">(2015-present); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:6257.19px;white-space:nowrap">John </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:6639.77px;white-space:nowrap">A. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:6835.39px;white-space:nowrap">Sibley </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:7315.63px;white-space:nowrap">Professor </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:8044.77px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:8222.66px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:8978.59px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.15px;left:9290px;white-space:nowrap">Business </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:0px;letter-spacing:-1.77px;white-space:nowrap">Law, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:373.59px;white-space:nowrap">University </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:1120.39px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:1298.28px;white-space:nowrap">Georgia </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:1911.95px;white-space:nowrap">School </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:2445.63px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:2623.52px;white-space:nowrap">Law </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:2961.48px;white-space:nowrap">(2015-present; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:4046.56px;white-space:nowrap">previously </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:4811.33px;letter-spacing:-0.99px;white-space:nowrap">2011-2012); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:5706.8px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8875.15px;left:6018.2px;white-space:nowrap">formerly</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:6658.44px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:6747.34px;white-space:nowrap">Independent </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:7681.56px;white-space:nowrap">Compliance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:8570.86px;white-space:nowrap">Monitor </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:9148.83px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8875.15px;left:9451.41px;letter-spacing:-0.98px;white-space:nowrap">Auditor, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:0px;letter-spacing:-0.8px;white-space:nowrap">Volkswagen </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:889.53px;white-space:nowrap">AG </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:1165.16px;white-space:nowrap">(manufacturer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:2205.55px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:2383.44px;white-space:nowrap">automobiles </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:3290.63px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:3602.03px;white-space:nowrap">commercial </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:4464.38px;white-space:nowrap">vehicles) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:5140.16px;white-space:nowrap">(2017-2020); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:6100.78px;white-space:nowrap">Executive </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:6838.91px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:7191.72px;white-space:nowrap">President </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:7912.11px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:8009.84px;white-space:nowrap">Government </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:8925.86px;letter-spacing:-0.32px;white-space:nowrap">Affairs, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9067.15px;left:9465.31px;white-space:nowrap">General </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:0px;white-space:nowrap">Counsel </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:631.48px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:942.89px;white-space:nowrap">Corporate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:1698.83px;letter-spacing:-1.08px;white-space:nowrap">Secretary, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:2460.55px;white-space:nowrap">PepsiCo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:3154.22px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:3456.56px;white-space:nowrap">(consumer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:4256.8px;white-space:nowrap">products) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:4968.2px;white-space:nowrap">(2012-2014); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:5928.83px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:6435.78px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:6788.59px;white-space:nowrap">President </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:7508.98px;white-space:nowrap">- </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:7606.72px;white-space:nowrap">Government </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:8522.73px;letter-spacing:-0.32px;white-space:nowrap">Affairs, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9259.15px;left:9062.19px;white-space:nowrap">General </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:0px;white-space:nowrap">Counsel </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:631.48px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:942.89px;letter-spacing:-1.08px;white-space:nowrap">Secretary, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:1704.61px;white-space:nowrap">PepsiCo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:2398.28px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:2700.63px;letter-spacing:-0.91px;white-space:nowrap">(2004-2011); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:3649.38px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:4156.33px;white-space:nowrap">Fellow </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:4663.13px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:4838.13px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:5158.28px;white-space:nowrap">Brookings </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:5914.22px;white-space:nowrap">Institution </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:6643.52px;white-space:nowrap">(2003-2004); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:7604.14px;letter-spacing:-0.32px;white-space:nowrap">Visiting </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:8161.48px;letter-spacing:-0.8px;white-space:nowrap">Professor, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:8926.25px;white-space:nowrap">University </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9451.15px;left:9673.05px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9643.15px;left:0px;white-space:nowrap">Georgia </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9643.15px;left:613.67px;white-space:nowrap">School </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9643.15px;left:1147.34px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9643.15px;left:1325.23px;white-space:nowrap">Law </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9643.15px;left:1663.2px;white-space:nowrap">(2004); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9643.15px;left:2214.61px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9643.15px;left:2526.02px;white-space:nowrap">Deputy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9643.15px;left:3068.59px;white-space:nowrap">Attorney </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9643.15px;left:3708.91px;white-space:nowrap">General, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9643.15px;left:4367.03px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9643.15px;left:4722.66px;white-space:nowrap">Department </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9643.15px;left:5603.05px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9643.15px;left:5780.94px;white-space:nowrap">Justice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9643.15px;left:6323.36px;white-space:nowrap">(2001-2003).</div></div>
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			<div style="width:10080px;height:189px;position:absolute;top:4.61px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Independent </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1518.11px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:2284.14px;white-space:nowrap">Members </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:53.82px;left:3439.92px;white-space:nowrap">(continued)</div></div>
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</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:928.8px;width:712.8px;transform-origin:top left;transform:scale(1.2,1.2)"><div style="position:absolute;top:0px;left:0px;width:594px;height:774px">
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			<div style="width:10080px;height:851px;position:absolute;top:3.86px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:0px;letter-spacing:10.67px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:793.16px;letter-spacing:10.32px;white-space:nowrap">Universal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;text-transform:uppercase;position:absolute;top:-21.41px;left:1686.13px;letter-spacing:9.15px;white-space:nowrap">Trust</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMElEQVR4Xu3KIREAMAwAsVdb/xImoaw3EBCWqgEAAAAAAAAA+MwaAAAAAAAAAABOPTnTicuMWE6aAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">50</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:4030.09px;left:0px;white-space:nowrap">Interested </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:4030.09px;left:1228.53px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:4030.09px;left:1994.56px;white-space:nowrap">Members </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:4030.09px;left:3150.34px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:4030.09px;left:3656.38px;text-rendering:optimizeLegibility;white-space:nowrap">Officers</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:0px;white-space:nowrap">Name, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:521.8px;letter-spacing:-1.77px;white-space:nowrap">Year </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:904.38px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:1099.84px;white-space:nowrap">Birth</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:322.97px;white-space:nowrap">Address</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:2316px;white-space:nowrap">Position</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:3632px;white-space:nowrap">Length </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:4209.66px;white-space:nowrap">of</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:3632px;letter-spacing:-0.58px;white-space:nowrap">Time </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:4047px;white-space:nowrap">Served</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:5348px;white-space:nowrap">Number </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:5996.98px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:6192.45px;white-space:nowrap">Portfolios </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:6983.55px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:5348px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:5783.39px;white-space:nowrap">Complex </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:6503.55px;white-space:nowrap">Overseen </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:5348px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:5579.17px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:6085.89px;white-space:nowrap">Member*</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:7514px;white-space:nowrap">Other </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:7985.17px;white-space:nowrap">Directorships </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:9061.03px;white-space:nowrap">Held </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:7514px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:8073.92px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:8260.64px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:8723.06px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:9007.52px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:9389.94px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:9520.48px;letter-spacing:-1.77px;white-space:nowrap">Years</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:0px;letter-spacing:-1.1px;white-space:nowrap">Valerie </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:560.47px;white-space:nowrap">M. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:782.66px;letter-spacing:-0.16px;white-space:nowrap">Williams </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:1474.77px;white-space:nowrap">(1956)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:3632px;white-space:nowrap">Since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:4076.69px;white-space:nowrap">May </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:4423.41px;white-space:nowrap">2021</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:5348px;white-space:nowrap">104</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:7514px;white-space:nowrap">Omnicom </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:8242.98px;white-space:nowrap">Group, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:8776.58px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:9078.92px;white-space:nowrap">(advertising </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:7514px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:7825.41px;white-space:nowrap">marketing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:8572.36px;white-space:nowrap">communications </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:7514px;white-space:nowrap">services) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:8198.53px;white-space:nowrap">(2016-present), </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:9336.89px;white-space:nowrap">DTE </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:7514px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:8065.41px;white-space:nowrap">Co. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:8358.84px;white-space:nowrap">(gas </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:8714.55px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:9025.95px;white-space:nowrap">electric </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:9577.2px;white-space:nowrap">utility) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1788.79px;left:7514px;white-space:nowrap">(2018-present), </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1788.79px;left:8652.36px;white-space:nowrap">Devon </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1788.79px;left:9159.31px;white-space:nowrap">Energy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:7514px;white-space:nowrap">Corporation </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:8394.47px;white-space:nowrap">(exploration </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1980.79px;left:9274.94px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:7514px;white-space:nowrap">production </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:8305.64px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:8483.53px;white-space:nowrap">oil </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:8688.06px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:8999.47px;white-space:nowrap">gas) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2172.79px;left:9355.17px;white-space:nowrap">(January </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2364.79px;left:7514px;white-space:nowrap">2021-present); </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2364.79px;left:8599.08px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2364.79px;left:8910.48px;white-space:nowrap">formerly</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2364.79px;left:9550.72px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2556.79px;left:7514px;white-space:nowrap">WPX </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2556.79px;left:7922.91px;letter-spacing:-1.48px;white-space:nowrap">Energy, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2556.79px;left:8506.89px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2556.79px;left:8809.23px;white-space:nowrap">(exploration </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2748.79px;left:7514px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2748.79px;left:7825.41px;white-space:nowrap">production </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2748.79px;left:8617.05px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2748.79px;left:8794.94px;white-space:nowrap">oil </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2748.79px;left:8999.47px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2748.79px;left:9310.88px;white-space:nowrap">gas) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2940.79px;left:7514px;white-space:nowrap">(2018-January </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2940.79px;left:8590.17px;white-space:nowrap">2021).</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1227.27px;left:960.39px;white-space:nowrap">Parkway </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1419.27px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3147.27px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3147.27px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3147.27px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3147.27px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3147.27px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3147.27px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3147.27px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3147.27px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3147.27px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:0px;white-space:nowrap">Director </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:604.53px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:782.42px;white-space:nowrap">various </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:1342.66px;white-space:nowrap">companies; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:2205.31px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3353.76px;left:2516.72px;white-space:nowrap">formerly</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:3156.95px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:3245.86px;white-space:nowrap">Regional </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:3913.05px;white-space:nowrap">Assurance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:4713.44px;white-space:nowrap">Managing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:5460.63px;letter-spacing:-0.98px;white-space:nowrap">Partner, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:6065.39px;white-space:nowrap">Ernst </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:6483.28px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:6631.56px;letter-spacing:-2.45px;white-space:nowrap">Young </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:7123.98px;letter-spacing:-0.72px;white-space:nowrap">LLP </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:7450.23px;white-space:nowrap">(public </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:7966.02px;white-space:nowrap">accounting) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3353.76px;left:8837.66px;white-space:nowrap">(2005-2016), </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:0px;white-space:nowrap">various </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:560.23px;white-space:nowrap">roles </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:951.48px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:1129.38px;white-space:nowrap">increasing </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:1903.13px;white-space:nowrap">responsibility </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:2872.42px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:3050.31px;white-space:nowrap">Ernst </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:3468.2px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:3616.48px;letter-spacing:-2.45px;white-space:nowrap">Young </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3545.76px;left:4108.91px;white-space:nowrap">(1981-2005).</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4491.24px;left:0px;white-space:nowrap">**Gregory </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4491.24px;left:791.41px;white-space:nowrap">E. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4491.24px;left:987.03px;white-space:nowrap">Johnson </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4683.24px;left:0px;white-space:nowrap">(1961)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4491.24px;left:2316px;letter-spacing:-0.85px;white-space:nowrap">Trustee</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4491.24px;left:3632px;white-space:nowrap">Since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4491.24px;left:4076.69px;white-space:nowrap">2013</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4491.24px;left:5348px;white-space:nowrap">134</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4491.24px;left:7514px;white-space:nowrap">None</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4889.72px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4889.72px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4889.72px;left:960.39px;white-space:nowrap">Parkway</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5081.72px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5081.72px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5081.72px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5081.72px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5378.21px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5378.21px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5378.21px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5378.21px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5378.21px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5378.21px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5378.21px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5378.21px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5378.21px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:0px;white-space:nowrap">Executive </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:738.13px;white-space:nowrap">Chairman, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:1520.63px;white-space:nowrap">Chairman </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:2258.67px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:2436.56px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:2703.44px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:3174.84px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:3486.25px;letter-spacing:-0.88px;white-space:nowrap">Director, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:4126.41px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:4739.92px;white-space:nowrap">Resources, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:5593.59px;white-space:nowrap">Inc.; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:5940.39px;text-rendering:optimizeLegibility;white-space:nowrap">officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:6420.55px;white-space:nowrap">and/or </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:6918.67px;white-space:nowrap">director </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:7496.64px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:7683.36px;white-space:nowrap">trustee, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:8261.41px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:8474.84px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:8741.72px;white-space:nowrap">case </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:9124.14px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5584.69px;left:9470.86px;white-space:nowrap">be, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:177.89px;white-space:nowrap">some </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:613.59px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:791.48px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:1058.36px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:1467.5px;white-space:nowrap">subsidiaries </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:2356.8px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:2534.69px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:3148.2px;white-space:nowrap">Resources, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:4001.88px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:4304.22px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:4615.63px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:4793.52px;white-space:nowrap">39 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:5015.94px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:5193.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:5460.7px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:6278.83px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:7097.03px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:7266.02px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:7876.64px;letter-spacing:-1.61px;white-space:nowrap">Templeton; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:8703.75px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5776.69px;left:9056.56px;white-space:nowrap">Chairman, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5968.69px;left:0px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5968.69px;left:827.03px;white-space:nowrap">Company </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5968.69px;left:1556.25px;white-space:nowrap">Institute; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5968.69px;left:2205.47px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5968.69px;left:2516.88px;white-space:nowrap">formerly</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5968.69px;left:3157.11px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5968.69px;left:3246.02px;white-space:nowrap">Chief </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5968.69px;left:3663.98px;white-space:nowrap">Executive </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5968.69px;left:4402.11px;text-rendering:optimizeLegibility;white-space:nowrap">Officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5968.69px;left:4917.73px;white-space:nowrap">(2013-2020) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5968.69px;left:5833.91px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5968.69px;left:6145.31px;white-space:nowrap">President </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5968.69px;left:6865.7px;white-space:nowrap">(1994-2015), </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5968.69px;left:7826.33px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5968.69px;left:8439.84px;white-space:nowrap">Resources, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5968.69px;left:9293.52px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6440.18px;left:0px;white-space:nowrap">**Rupert </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6440.18px;left:684.53px;white-space:nowrap">H. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6440.18px;left:888.98px;white-space:nowrap">Johnson, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6440.18px;left:1644.53px;letter-spacing:-2.21px;white-space:nowrap">Jr. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6632.18px;left:0px;white-space:nowrap">(1940)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6440.18px;left:2316px;white-space:nowrap">Chairman </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6440.18px;left:3054.05px;white-space:nowrap">of</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6632.18px;left:2316px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6632.18px;left:2582.88px;white-space:nowrap">Board,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6824.18px;left:2316px;letter-spacing:-0.74px;white-space:nowrap">Trustee </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6824.18px;left:2896.94px;white-space:nowrap">and</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7016.18px;left:2316px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7016.18px;left:2822.95px;letter-spacing:-0.72px;white-space:nowrap">Vice</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7208.18px;left:2316px;white-space:nowrap">President</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6440.18px;left:3632px;white-space:nowrap">Chairman </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6440.18px;left:4370.05px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6440.18px;left:4547.94px;white-space:nowrap">the</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6632.18px;left:3632px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6632.18px;left:4103.41px;white-space:nowrap">since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6632.18px;left:4521.38px;white-space:nowrap">2013,</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6824.18px;left:3632px;letter-spacing:-0.74px;white-space:nowrap">Trustee </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6824.18px;left:4212.94px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6824.18px;left:4524.34px;white-space:nowrap">Senior</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7016.18px;left:3632px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7016.18px;left:3984.81px;white-space:nowrap">President</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7208.18px;left:3632px;white-space:nowrap">since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7208.18px;left:4049.97px;white-space:nowrap">1988</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6440.18px;left:5348px;white-space:nowrap">123</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6440.18px;left:7514px;white-space:nowrap">None</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6838.66px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6838.66px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6838.66px;left:960.39px;white-space:nowrap">Parkway</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7030.66px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7030.66px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7030.66px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7030.66px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7414.66px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7414.66px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7414.66px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7414.66px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7414.66px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7414.66px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7414.66px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7414.66px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7414.66px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:0px;white-space:nowrap">Director </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:604.53px;letter-spacing:-0.48px;white-space:nowrap">(Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:1010.63px;white-space:nowrap">Chairman), </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:1846.41px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:2459.92px;white-space:nowrap">Resources, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:3313.59px;white-space:nowrap">Inc.; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:3660.39px;letter-spacing:-0.88px;white-space:nowrap">Director, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:4300.55px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:4905.23px;white-space:nowrap">Advisers, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:5607.66px;white-space:nowrap">Inc.; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:5954.45px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:6265.86px;text-rendering:optimizeLegibility;white-space:nowrap">officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:6746.02px;white-space:nowrap">and/or </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:7244.14px;white-space:nowrap">director </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:7822.11px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:8008.83px;white-space:nowrap">trustee, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:8586.88px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:8800.31px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:9067.19px;white-space:nowrap">case </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:9449.61px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7621.15px;left:9796.33px;white-space:nowrap">be, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:177.89px;white-space:nowrap">some </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:613.59px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:791.48px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:1058.36px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:1467.5px;white-space:nowrap">subsidiaries </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:2356.8px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:2534.69px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:3148.2px;white-space:nowrap">Resources, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:4001.88px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:4304.22px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:4615.63px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:4793.52px;white-space:nowrap">37 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:5015.94px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:5193.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:5460.7px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:6278.83px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:7097.03px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:7266.02px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7813.15px;left:7876.64px;letter-spacing:-1.77px;white-space:nowrap">Templeton.</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8284.63px;left:0px;white-space:nowrap">Alison </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8284.63px;left:533.36px;white-space:nowrap">E. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8284.63px;left:728.98px;white-space:nowrap">Baur </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8284.63px;left:1137.97px;white-space:nowrap">(1964)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8284.63px;left:2316px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8284.63px;left:2668.81px;white-space:nowrap">President</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8284.63px;left:3632px;white-space:nowrap">Since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8284.63px;left:4076.69px;white-space:nowrap">2012</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8284.63px;left:5348px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8284.63px;left:5632.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8284.63px;left:7514px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8284.63px;left:7798.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8491.12px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8491.12px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8491.12px;left:960.39px;white-space:nowrap">Parkway</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.12px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.12px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.12px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8683.12px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8979.6px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8979.6px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8979.6px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8979.6px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8979.6px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8979.6px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8979.6px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8979.6px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8979.6px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:0px;white-space:nowrap">Deputy </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:551.41px;white-space:nowrap">General </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:1165.08px;white-space:nowrap">Counsel, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:1841.02px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:2451.64px;letter-spacing:-1.61px;white-space:nowrap">Templeton; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:3278.75px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:3590.16px;text-rendering:optimizeLegibility;white-space:nowrap">officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:4070.31px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:4248.2px;white-space:nowrap">some </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:4683.91px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:4861.8px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:5128.67px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:5537.81px;white-space:nowrap">subsidiaries </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:6427.11px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:6605px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:7218.52px;white-space:nowrap">Resources, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:8072.19px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:8374.53px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:8685.94px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:8863.83px;white-space:nowrap">44 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:9086.25px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9186.08px;left:9264.14px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9378.08px;left:0px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9378.08px;left:818.13px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9378.08px;left:1636.33px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9378.08px;left:1805.31px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9378.08px;left:2415.94px;letter-spacing:-1.77px;white-space:nowrap">Templeton.</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9849.57px;left:0px;white-space:nowrap">Breda </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9849.57px;left:497.97px;white-space:nowrap">M. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9849.57px;left:720.16px;white-space:nowrap">Beckerle </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9849.57px;left:1431.8px;white-space:nowrap">(1958)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9849.57px;left:2316px;white-space:nowrap">Chief </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9849.57px;left:2733.97px;white-space:nowrap">Compliance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10041.57px;left:2316px;text-rendering:optimizeLegibility;white-space:nowrap">Officer</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9849.57px;left:3632px;white-space:nowrap">Since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9849.57px;left:4076.69px;white-space:nowrap">2020</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9849.57px;left:5348px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9849.57px;left:5632.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9849.57px;left:7514px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9849.57px;left:7798.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10056.05px;left:0px;white-space:nowrap">280 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10056.05px;left:311.41px;white-space:nowrap">Park </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10056.05px;left:676.02px;letter-spacing:-0.41px;white-space:nowrap">Avenue </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10248.05px;left:0px;white-space:nowrap">New </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10248.05px;left:361.64px;letter-spacing:-2.45px;white-space:nowrap">York, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10248.05px;left:764.84px;letter-spacing:-0.96px;white-space:nowrap">NY </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10248.05px;left:1028.67px;white-space:nowrap">10017</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10544.54px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10544.54px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10544.54px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10544.54px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10544.54px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10544.54px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10544.54px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10544.54px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10544.54px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10751.02px;left:0px;white-space:nowrap">Chief </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10751.02px;left:417.97px;white-space:nowrap">Compliance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10751.02px;left:1307.27px;text-rendering:optimizeLegibility;letter-spacing:-0.98px;white-space:nowrap">Officer, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10751.02px;left:1858.52px;white-space:nowrap">Fiduciary </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10751.02px;left:2552.03px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10751.02px;left:3379.06px;white-space:nowrap">Management </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10751.02px;left:4357.42px;white-space:nowrap">International, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10751.02px;left:5326.95px;white-space:nowrap">Inc., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10751.02px;left:5673.75px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10751.02px;left:6278.44px;white-space:nowrap">Advisers, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10751.02px;left:6980.86px;white-space:nowrap">Inc., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10751.02px;left:7327.66px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10751.02px;left:7941.17px;white-space:nowrap">Mutual </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10751.02px;left:8457.03px;white-space:nowrap">Advisers, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10751.02px;left:9159.45px;white-space:nowrap">LLC, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10943.02px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10943.02px;left:610.63px;letter-spacing:-1.77px;white-space:nowrap">Templeton </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10943.02px;left:1393.28px;white-space:nowrap">Institutional, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10943.02px;left:2291.56px;white-space:nowrap">LLC; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10943.02px;left:2673.98px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10943.02px;left:2985.39px;text-rendering:optimizeLegibility;white-space:nowrap">officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10943.02px;left:3465.55px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10943.02px;left:3643.44px;white-space:nowrap">39 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10943.02px;left:3865.86px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10943.02px;left:4043.75px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10943.02px;left:4310.63px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10943.02px;left:5128.75px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10943.02px;left:5946.95px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10943.02px;left:6115.94px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10943.02px;left:6726.56px;letter-spacing:-1.77px;white-space:nowrap">Templeton.</div></div>
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		<div style="height:22px;left:36px;position:absolute;top:85px;width:504px">
			<div style="width:10080px;height:189px;position:absolute;top:4.61px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Independent </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1518.11px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:2284.14px;white-space:nowrap">Members </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:53.82px;left:3439.92px;white-space:nowrap">(continued)</div></div>
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</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:928.8px;width:712.8px;transform-origin:top left;transform:scale(1.2,1.2)"><div style="position:absolute;top:0px;left:0px;width:594px;height:774px">
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			<div style="width:717px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:571.18px;white-space:nowrap">51</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMElEQVR4Xu3KIREAMAwAsVdb/xImoaw3EBCWqgEAAAAAAAAA+MwaAAAAAAAAAABOPTnTicuMWE6aAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
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		<div style="height:17px;left:54px;position:absolute;top:744px;width:135px">
			<div style="width:2700px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">franklintempleton.com</div></div>
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			<div style="width:6492px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:5653.45px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:6098.45px;white-space:nowrap">Report</div></div>
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		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
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			<div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:0px;white-space:nowrap">Name, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:521.8px;letter-spacing:-1.77px;white-space:nowrap">Year </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:904.38px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:1099.84px;white-space:nowrap">Birth </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:322.97px;white-space:nowrap">Address</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:2316px;white-space:nowrap">Position</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:3632px;white-space:nowrap">Length </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:4209.66px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:3632px;letter-spacing:-0.58px;white-space:nowrap">Time </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:4047px;white-space:nowrap">Served</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:5348px;white-space:nowrap">Number </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:5996.98px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:6192.45px;white-space:nowrap">Portfolios </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:6983.55px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:5348px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:5783.39px;white-space:nowrap">Complex </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:6503.55px;white-space:nowrap">Overseen </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:5348px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:5579.17px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:6085.89px;white-space:nowrap">Member*</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:7514px;white-space:nowrap">Other </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:7985.17px;white-space:nowrap">Directorships </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:9061.03px;white-space:nowrap">Held </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:7514px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:8073.92px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:8260.64px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:8723.06px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:9007.52px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:9389.94px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:9520.48px;letter-spacing:-1.77px;white-space:nowrap">Years</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:0px;white-space:nowrap">Sonal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:480.08px;white-space:nowrap">Desai, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:995.94px;white-space:nowrap">Ph.D. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:1449.3px;white-space:nowrap">(1963)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:2316px;white-space:nowrap">President </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:3036.39px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:2316px;white-space:nowrap">Chief </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:2733.97px;white-space:nowrap">Executive </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:2316px;text-rendering:optimizeLegibility;white-space:nowrap">Officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:2831.63px;white-space:nowrap">&#8211; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:2316px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1788.79px;left:2316px;white-space:nowrap">Management</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:3632px;white-space:nowrap">Since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:4076.69px;white-space:nowrap">2018</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:5348px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:5632.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:7514px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:7798.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1229.67px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1229.67px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1229.67px;left:960.39px;white-space:nowrap">Parkway</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1421.67px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1421.67px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1421.67px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1421.67px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:0px;white-space:nowrap">Director </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:604.53px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:915.94px;white-space:nowrap">Executive </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:1654.06px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:2006.88px;white-space:nowrap">President, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:2771.72px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:3376.41px;white-space:nowrap">Advisers, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:4078.83px;white-space:nowrap">Inc.; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:4425.63px;white-space:nowrap">Executive </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:5163.75px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:5516.56px;white-space:nowrap">President, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:6281.41px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:6892.03px;letter-spacing:-1.77px;white-space:nowrap">Templeton </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:7674.69px;white-space:nowrap">Institutional, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:8572.97px;white-space:nowrap">LLC; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:8955.39px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:9266.8px;text-rendering:optimizeLegibility;white-space:nowrap">officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:9746.95px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:0px;white-space:nowrap">17 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:222.42px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:400.31px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:667.19px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:1485.31px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:2303.52px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:2472.5px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:3083.13px;letter-spacing:-1.77px;white-space:nowrap">Templeton.</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2865.24px;left:0px;white-space:nowrap">Steven </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2865.24px;left:569.14px;white-space:nowrap">J. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2865.24px;left:747.03px;white-space:nowrap">Gray </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2865.24px;left:1156.17px;white-space:nowrap">(1955)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2865.24px;left:2316px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2865.24px;left:2668.81px;white-space:nowrap">President </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3057.24px;left:2316px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3057.24px;left:2627.41px;white-space:nowrap">Co-Secretary</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2865.24px;left:3632px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2865.24px;left:3984.81px;white-space:nowrap">President </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2865.24px;left:4705.2px;white-space:nowrap">since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3057.24px;left:3632px;white-space:nowrap">2009 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3057.24px;left:4032.39px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3057.24px;left:4343.8px;white-space:nowrap">Co-Secretary </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3249.24px;left:3632px;white-space:nowrap">since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3249.24px;left:4049.97px;white-space:nowrap">2019</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2865.24px;left:5348px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2865.24px;left:5632.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2865.24px;left:7514px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2865.24px;left:7798.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3071.72px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3071.72px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3071.72px;left:960.39px;white-space:nowrap">Parkway</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3263.72px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3263.72px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3263.72px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3263.72px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3560.21px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3560.21px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3560.21px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3560.21px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3560.21px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3560.21px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3560.21px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3560.21px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:3560.21px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:0px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:498.13px;white-space:nowrap">Associate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:1236.25px;white-space:nowrap">General </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:1849.92px;white-space:nowrap">Counsel, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:2525.86px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:3136.48px;letter-spacing:-1.61px;white-space:nowrap">Templeton; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:3963.59px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:4316.41px;white-space:nowrap">President, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:5081.25px;letter-spacing:-1.47px;white-space:nowrap">FASA, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:5579.22px;white-space:nowrap">LLC; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:5952.81px;white-space:nowrap">Assistant </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:6646.41px;letter-spacing:-1.08px;white-space:nowrap">Secretary, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:7408.13px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:8021.64px;white-space:nowrap">Distributors, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:8919.61px;white-space:nowrap">LLC; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:9302.03px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3766.69px;left:9613.44px;text-rendering:optimizeLegibility;white-space:nowrap">officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:177.89px;white-space:nowrap">44 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:400.31px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:578.2px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:845.08px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:1663.2px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:2481.41px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:2650.39px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:3958.69px;left:3261.02px;letter-spacing:-1.77px;white-space:nowrap">Templeton.</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4430.18px;left:0px;white-space:nowrap">Matthew </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4430.18px;left:684.45px;letter-spacing:-5.91px;white-space:nowrap">T. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4430.18px;left:853.36px;white-space:nowrap">Hinkle </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:4430.18px;left:1377.97px;white-space:nowrap">(1971)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4430.18px;left:2316px;white-space:nowrap">Chief </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4430.18px;left:2733.97px;white-space:nowrap">Executive </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4622.18px;left:2316px;text-rendering:optimizeLegibility;white-space:nowrap">Officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4622.18px;left:2831.63px;white-space:nowrap">&#8211; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4622.18px;left:2965.06px;white-space:nowrap">Finance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4814.18px;left:2316px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4814.18px;left:2618.25px;letter-spacing:0px;white-space:nowrap">Administration</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4430.18px;left:3632px;white-space:nowrap">Since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4430.18px;left:4076.69px;white-space:nowrap">2017</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4430.18px;left:5348px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4430.18px;left:5632.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4430.18px;left:7514px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4430.18px;left:7798.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4636.66px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4636.66px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4636.66px;left:960.39px;white-space:nowrap">Parkway</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4828.66px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4828.66px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4828.66px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:4828.66px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5125.15px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5125.15px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5125.15px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5125.15px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5125.15px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5125.15px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5125.15px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5125.15px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5125.15px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:0px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:506.95px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:859.77px;white-space:nowrap">President, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:1624.61px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:2235.23px;letter-spacing:-1.77px;white-space:nowrap">Templeton </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:3017.89px;white-space:nowrap">Services, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:3720.31px;white-space:nowrap">LLC; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:4102.73px;text-rendering:optimizeLegibility;white-space:nowrap">officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:4582.89px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:4760.78px;white-space:nowrap">44 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:4983.2px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:5161.09px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:5427.97px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:6246.09px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:7064.3px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:7233.28px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:7843.91px;letter-spacing:-1.61px;white-space:nowrap">Templeton; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:8671.02px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5331.63px;left:8982.42px;white-space:nowrap">formerly</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:9622.66px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5331.63px;left:9711.56px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5523.63px;left:0px;white-space:nowrap">President, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5523.63px;left:764.84px;white-space:nowrap">Global </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5523.63px;left:1268.91px;letter-spacing:-4.43px;white-space:nowrap">Tax </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5523.63px;left:1562.34px;white-space:nowrap">(2012-April </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5523.63px;left:2389.38px;white-space:nowrap">2017) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5523.63px;left:2843.05px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5523.63px;left:3151.56px;letter-spacing:-0.3px;white-space:nowrap">Treasurer/Assistant </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5523.63px;left:4574.3px;letter-spacing:-1.34px;white-space:nowrap">Treasurer, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5523.63px;left:5341.95px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5523.63px;left:5952.58px;letter-spacing:-1.77px;white-space:nowrap">Templeton </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5523.63px;left:6735.23px;white-space:nowrap">(2009-2017).</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5995.12px;left:0px;white-space:nowrap">Susan </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5995.12px;left:524.61px;white-space:nowrap">Kerr </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:5995.12px;left:898.13px;white-space:nowrap">(1949)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5995.12px;left:2316px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5995.12px;left:2668.81px;white-space:nowrap">President </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5995.12px;left:3389.2px;white-space:nowrap">&#8211; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6187.12px;left:2316px;letter-spacing:-1.48px;white-space:nowrap">AML </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6187.12px;left:2683.5px;white-space:nowrap">Compliance</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5995.12px;left:3632px;white-space:nowrap">Since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5995.12px;left:4076.69px;white-space:nowrap">July </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5995.12px;left:4405.67px;white-space:nowrap">2021</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5995.12px;left:5348px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5995.12px;left:5632.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5995.12px;left:7514px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:5995.12px;left:7798.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6201.6px;left:0px;white-space:nowrap">620 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6201.6px;left:311.41px;white-space:nowrap">Eighth </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6201.6px;left:800.7px;letter-spacing:-0.41px;white-space:nowrap">Avenue </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6201.6px;left:1384.92px;white-space:nowrap">New </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6201.6px;left:1746.56px;letter-spacing:-2.45px;white-space:nowrap">York, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6393.6px;left:0px;letter-spacing:-0.96px;white-space:nowrap">NY </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6393.6px;left:263.83px;white-space:nowrap">10018</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6690.08px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6690.08px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6690.08px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6690.08px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6690.08px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6690.08px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6690.08px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6690.08px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:6690.08px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:0px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:506.95px;white-space:nowrap">Compliance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:1387.42px;white-space:nowrap">Analyst, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:2001.02px;white-space:nowrap">Global </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:2507.97px;white-space:nowrap">Compliance, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:3441.72px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:4052.34px;letter-spacing:-1.61px;white-space:nowrap">Templeton; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:4879.45px;white-space:nowrap">Chief </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:5288.59px;white-space:nowrap">Anti-Money </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:6142.27px;white-space:nowrap">Laundering </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:6987.42px;white-space:nowrap">Compliance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:7876.72px;text-rendering:optimizeLegibility;letter-spacing:-0.98px;white-space:nowrap">Officer, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:8427.97px;white-space:nowrap">Legg </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:8828.36px;white-space:nowrap">Mason </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:9353.05px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:9504.22px;white-space:nowrap">Co. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:6896.57px;left:9797.66px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:0px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:204.45px;text-rendering:optimizeLegibility;white-space:nowrap">affiliates; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:871.48px;white-space:nowrap">Anti </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:1191.64px;white-space:nowrap">Money </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:1716.33px;white-space:nowrap">Laundering </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:2561.48px;white-space:nowrap">Compliance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:3450.78px;text-rendering:optimizeLegibility;white-space:nowrap">Officer; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:4010.86px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:4517.81px;white-space:nowrap">Compliance </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:5407.11px;text-rendering:optimizeLegibility;letter-spacing:-0.98px;white-space:nowrap">Officer, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:5958.36px;white-space:nowrap">LMIS; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:6420.7px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:6732.11px;text-rendering:optimizeLegibility;white-space:nowrap">officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:7212.27px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:7390.16px;white-space:nowrap">41 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:7612.58px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:7790.47px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:8057.34px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:8875.47px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7088.57px;left:9693.67px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7280.57px;left:0px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7280.57px;left:610.63px;letter-spacing:-1.97px;white-space:nowrap">Templeton</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7752.05px;left:0px;white-space:nowrap">Navid </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7752.05px;left:480.16px;white-space:nowrap">J. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7752.05px;left:658.05px;text-rendering:optimizeLegibility;letter-spacing:-1.08px;white-space:nowrap">Tofigh </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:7752.05px;left:1179.3px;white-space:nowrap">(1972)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7752.05px;left:2316px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7752.05px;left:2668.81px;white-space:nowrap">President</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7752.05px;left:3632px;white-space:nowrap">Since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7752.05px;left:4076.69px;white-space:nowrap">2015</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7752.05px;left:5348px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7752.05px;left:5632.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7752.05px;left:7514px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7752.05px;left:7798.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7958.54px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7958.54px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:7958.54px;left:960.39px;white-space:nowrap">Parkway</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8150.54px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8150.54px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8150.54px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8150.54px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8447.02px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8447.02px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8447.02px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8447.02px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8447.02px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8447.02px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8447.02px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8447.02px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:8447.02px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8653.51px;left:0px;white-space:nowrap">Associate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8653.51px;left:738.13px;white-space:nowrap">General </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8653.51px;left:1351.8px;white-space:nowrap">Counsel </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8653.51px;left:1983.28px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8653.51px;left:2294.69px;text-rendering:optimizeLegibility;white-space:nowrap">officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8653.51px;left:2774.84px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8653.51px;left:2952.73px;white-space:nowrap">44 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8653.51px;left:3175.16px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8653.51px;left:3353.05px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8653.51px;left:3619.92px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8653.51px;left:4438.05px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8653.51px;left:5256.25px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8653.51px;left:5425.23px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:8653.51px;left:6035.86px;letter-spacing:-1.77px;white-space:nowrap">Templeton.</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9124.99px;left:0px;white-space:nowrap">Craig </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9124.99px;left:453.44px;white-space:nowrap">S. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9124.99px;left:649.06px;letter-spacing:-1.32px;white-space:nowrap">Tyle </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9124.99px;left:1001.8px;white-space:nowrap">(1960)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9124.99px;left:2316px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9124.99px;left:2668.81px;white-space:nowrap">President</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9124.99px;left:3632px;white-space:nowrap">Since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9124.99px;left:4076.69px;white-space:nowrap">2005</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9124.99px;left:5348px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9124.99px;left:5632.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9124.99px;left:7514px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9124.99px;left:7798.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9331.47px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9331.47px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9331.47px;left:960.39px;white-space:nowrap">Parkway</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9523.47px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9523.47px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9523.47px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:9523.47px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9819.96px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9819.96px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9819.96px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9819.96px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9819.96px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9819.96px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9819.96px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9819.96px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:9819.96px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:0px;white-space:nowrap">General </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:613.67px;white-space:nowrap">Counsel </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:1245.16px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:1556.56px;white-space:nowrap">Executive </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:2294.69px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:2647.5px;white-space:nowrap">President, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:3412.34px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:4025.86px;white-space:nowrap">Resources, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:4879.53px;white-space:nowrap">Inc.; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:5226.33px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:5537.73px;text-rendering:optimizeLegibility;white-space:nowrap">officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:6017.89px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:6195.78px;white-space:nowrap">some </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:6631.48px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:6809.38px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:7076.25px;white-space:nowrap">other </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:7485.39px;white-space:nowrap">subsidiaries </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:8374.69px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:8552.58px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10026.44px;left:9166.09px;white-space:nowrap">Resources, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10218.44px;left:0px;white-space:nowrap">Inc. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10218.44px;left:302.34px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10218.44px;left:613.75px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10218.44px;left:791.64px;white-space:nowrap">44 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10218.44px;left:1014.06px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10218.44px;left:1191.95px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10218.44px;left:1458.83px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10218.44px;left:2276.95px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10218.44px;left:3095.16px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10218.44px;left:3264.14px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10218.44px;left:3874.77px;letter-spacing:-1.77px;white-space:nowrap">Templeton.</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10689.93px;left:0px;white-space:nowrap">Lori </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10689.93px;left:340.7px;white-space:nowrap">A. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10689.93px;left:545.16px;letter-spacing:-0.48px;white-space:nowrap">Weber </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10689.93px;left:1075.7px;white-space:nowrap">(1964)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10689.93px;left:2316px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10689.93px;left:2668.81px;white-space:nowrap">President </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10881.93px;left:2316px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10881.93px;left:2627.41px;white-space:nowrap">Co-Secretary</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10689.93px;left:3632px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10689.93px;left:3984.81px;white-space:nowrap">President </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10689.93px;left:4705.2px;white-space:nowrap">since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10881.93px;left:3632px;letter-spacing:-2.37px;white-space:nowrap">2011 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10881.93px;left:4020.52px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10881.93px;left:4331.92px;white-space:nowrap">Co-Secretary </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11073.93px;left:3632px;white-space:nowrap">since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11073.93px;left:4049.97px;white-space:nowrap">2019</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10689.93px;left:5348px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10689.93px;left:5632.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10689.93px;left:7514px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10689.93px;left:7798.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10898.81px;left:0px;white-space:nowrap">300 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10898.81px;left:311.41px;white-space:nowrap">S.E. </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10898.81px;left:658.2px;white-space:nowrap">2nd </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:10898.81px;left:969.61px;white-space:nowrap">Street</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11090.81px;left:0px;white-space:nowrap">Fort </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11090.81px;left:328.91px;white-space:nowrap">Lauderdale, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11090.81px;left:1218.52px;letter-spacing:-1.98px;white-space:nowrap">FL </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11090.81px;left:1443.75px;white-space:nowrap">33301-</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11282.81px;left:0px;white-space:nowrap">1923</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11579.3px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11579.3px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11579.3px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11579.3px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11579.3px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11579.3px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11579.3px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11579.3px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11579.3px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11785.78px;left:0px;white-space:nowrap">Senior </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11785.78px;left:498.13px;white-space:nowrap">Associate </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11785.78px;left:1236.25px;white-space:nowrap">General </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11785.78px;left:1849.92px;white-space:nowrap">Counsel, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11785.78px;left:2525.86px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11785.78px;left:3136.48px;letter-spacing:-1.61px;white-space:nowrap">Templeton; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11785.78px;left:3954.77px;white-space:nowrap">Assistant </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11785.78px;left:4648.36px;letter-spacing:-1.08px;white-space:nowrap">Secretary, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11785.78px;left:5410.08px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11785.78px;left:6023.59px;white-space:nowrap">Resources, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11785.78px;left:6877.27px;white-space:nowrap">Inc.; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11785.78px;left:7224.06px;letter-spacing:-0.58px;white-space:nowrap">Vice </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11785.78px;left:7576.88px;white-space:nowrap">President </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11785.78px;left:8297.27px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11785.78px;left:8608.67px;letter-spacing:-1.08px;white-space:nowrap">Secretary, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11977.78px;left:0px;letter-spacing:-1.77px;white-space:nowrap">Templeton </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11977.78px;left:782.66px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11977.78px;left:1609.69px;white-space:nowrap">Counsel, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11977.78px;left:2285.63px;white-space:nowrap">LLC; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11977.78px;left:2668.05px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11977.78px;left:2979.45px;text-rendering:optimizeLegibility;white-space:nowrap">officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11977.78px;left:3459.61px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11977.78px;left:3637.5px;white-space:nowrap">44 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11977.78px;left:3859.92px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11977.78px;left:4037.81px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11977.78px;left:4304.69px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11977.78px;left:5122.81px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11977.78px;left:5941.02px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11977.78px;left:6110px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11977.78px;left:6720.63px;letter-spacing:-1.77px;white-space:nowrap">Templeton.</div></div>
		</div>
		<div style="height:22px;left:54px;position:absolute;top:81px;width:504px">
			<div style="width:10080px;height:189px;position:absolute;top:4.61px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Interested </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1228.53px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1994.56px;white-space:nowrap">Members </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3150.34px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3656.38px;text-rendering:optimizeLegibility;white-space:nowrap">Officers </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:53.82px;left:4624.27px;white-space:nowrap">(continued)</div></div>
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</div></div><div data-page="" style="page-break-after:always;margin:-8px;position:relative;height:928.8px;width:712.8px;transform-origin:top left;transform:scale(1.2,1.2)"><div style="position:absolute;top:0px;left:0px;width:594px;height:774px">
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		<div style="background-color:transparent;height:1px;left:36px;position:absolute;top:744px;width:504px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAACDQAAAACCAYAAACtmB4eAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAMElEQVR4Xu3KIREAMAwAsVdb/xImoaw3EBCWqgEAAAAAAAAA+MwaAAAAAAAAAABOPTnTicuMWE6aAAAAAElFTkSuQmCC);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="height:17px;left:36px;position:absolute;top:744px;width:35px">
			<div style="width:717px;height:259px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">52</div></div>
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		<div style="background-color:transparent;height:13px;left:66px;position:absolute;top:745px;width:1px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAIAAAA1CAYAAABryToxAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAE0lEQVQYV2NgYGBIg+JRxjBjAAAdsio9TCUTFAAAAABJRU5ErkJggg==);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div style="height:17px;left:405px;position:absolute;top:744px;width:135px">
			<div style="width:2700px;height:254px;position:absolute;top:1px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:116.31px;left:1416.41px;white-space:nowrap">franklintempleton.com</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:0px;white-space:nowrap">Annual </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:121.31px;left:445px;white-space:nowrap">Report</div></div>
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		<div style="height:13px;left:72px;position:absolute;top:745px;width:9px">

		<div style="background-color:transparent;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACQAAAA2CAYAAACvHjsIAAAACXBIWXMAAC4jAAAuIwF4pT92AAAAgElEQVRYR83KoREAMBAEoe+/6UsJuJ0IHLftfsJQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDDWGGkONocZQY6gx1BhqDLUHAfKyg6Er2WgAAAAASUVORK5CYII=);background-repeat:no-repeat;background-size:cover;height:100%;min-width:100%;width:100%"></div></div>
		<div 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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:0px;letter-spacing:-0.57px;white-space:nowrap">*We </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:282.03px;white-space:nowrap">base </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:603.05px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:821.95px;white-space:nowrap">number </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:1303.28px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:1449.22px;white-space:nowrap">portfolios </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:2018.13px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:2200.55px;white-space:nowrap">each </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:2521.56px;white-space:nowrap">separate </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:3068.67px;white-space:nowrap">series </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:3455.16px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:3601.09px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:3820px;white-space:nowrap">U.S. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:4111.64px;white-space:nowrap">registered </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:4731.56px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:5402.58px;white-space:nowrap">companies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:6073.59px;white-space:nowrap">within </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:6445.47px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:6664.38px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:7165.23px;letter-spacing:-1.45px;white-space:nowrap">Templeton </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:7807.11px;white-space:nowrap">fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:8098.98px;white-space:nowrap">complex. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:8658.28px;white-space:nowrap">These </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:9059.45px;white-space:nowrap">portfolios </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:9628.36px;white-space:nowrap">have </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:2880.33px;left:9949.38px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3072.33px;left:0px;white-space:nowrap">common </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3072.33px;left:539.61px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3072.33px;left:1210.63px;white-space:nowrap">manager </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3072.33px;left:1764.92px;white-space:nowrap">or </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3072.33px;left:1918.05px;text-rendering:optimizeLegibility;white-space:nowrap">affiliated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3072.33px;left:2443.28px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3072.33px;left:3114.3px;white-space:nowrap">managers.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:0px;white-space:nowrap">**Gregory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:612.5px;white-space:nowrap">E. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:772.97px;white-space:nowrap">Johnson </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:1305.55px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:1436.8px;white-space:nowrap">considered </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:2115.16px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:2261.09px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:2443.52px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:2625.94px;white-space:nowrap">interested </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:3238.67px;white-space:nowrap">person </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:3676.33px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:3822.27px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:4041.17px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:4376.72px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:4748.75px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:4967.66px;white-space:nowrap">federal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:5405.31px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:5996.02px;white-space:nowrap">laws </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:6294.92px;white-space:nowrap">due </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:6550.31px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:6696.25px;white-space:nowrap">his </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:6900.47px;white-space:nowrap">position </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:7389.22px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:7564.3px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:7746.72px;text-rendering:optimizeLegibility;white-space:nowrap">officer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:8140.55px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:8395.94px;white-space:nowrap">director </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:8869.92px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3354.33px;left:9015.86px;white-space:nowrap">Franklin </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:0px;white-space:nowrap">Resources, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:700.08px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:948.13px;white-space:nowrap">(Resources), </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:1735.55px;white-space:nowrap">which </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:2107.42px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:2238.67px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:2457.58px;white-space:nowrap">parent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:2866.09px;white-space:nowrap">company </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:3435px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:3580.94px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:3799.84px;letter-spacing:-0.32px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:4227.89px;white-space:nowrap">investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:4898.91px;white-space:nowrap">manager </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:5453.2px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:5708.59px;letter-spacing:-0.55px;white-space:nowrap">distributor. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:6350.47px;white-space:nowrap">Rupert </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:6780.7px;white-space:nowrap">H. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:6948.36px;white-space:nowrap">Johnson, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:7517.42px;letter-spacing:-1.8px;white-space:nowrap">Jr. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:7692.5px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:7823.75px;white-space:nowrap">considered </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:8502.11px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:8648.05px;white-space:nowrap">be </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:8830.47px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:9012.89px;white-space:nowrap">interested </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3546.33px;left:9625.63px;white-space:nowrap">person </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:0px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:145.94px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:364.84px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:700.39px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:1072.42px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:1291.33px;white-space:nowrap">federal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:1728.98px;white-space:nowrap">securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:2319.69px;white-space:nowrap">laws </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:2618.59px;white-space:nowrap">due </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:2873.98px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:3019.92px;white-space:nowrap">his </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:3224.14px;white-space:nowrap">position </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:3712.89px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:3887.97px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:4070.39px;text-rendering:optimizeLegibility;white-space:nowrap">officer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:4464.22px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:4719.61px;white-space:nowrap">director </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:5193.59px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:5448.98px;white-space:nowrap">major </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:5813.52px;white-space:nowrap">shareholder </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:6542.89px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3738.33px;left:6688.83px;white-space:nowrap">Resources.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3930.33px;left:0px;white-space:nowrap">Note </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3930.33px;left:313.59px;white-space:nowrap">1: </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3930.33px;left:459.53px;white-space:nowrap">Rupert </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3930.33px;left:889.77px;white-space:nowrap">H. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3930.33px;left:1057.42px;white-space:nowrap">Johnson, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3930.33px;left:1626.48px;letter-spacing:-1.8px;white-space:nowrap">Jr. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3930.33px;left:1801.56px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3930.33px;left:1932.81px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3930.33px;left:2151.72px;white-space:nowrap">uncle </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3930.33px;left:2501.88px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3930.33px;left:2647.81px;white-space:nowrap">Gregory </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3930.33px;left:3158.28px;white-space:nowrap">E. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:3930.33px;left:3318.75px;white-space:nowrap">Johnson.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:0px;white-space:nowrap">Note </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:313.59px;white-space:nowrap">2: </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:459.53px;text-rendering:optimizeLegibility;white-space:nowrap">Officer </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:882.5px;white-space:nowrap">information </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:1568.05px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:1699.3px;white-space:nowrap">current </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:2144.14px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:2319.22px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:2465.16px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:2684.06px;white-space:nowrap">date </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:2975.94px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:3121.88px;white-space:nowrap">this </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:3362.58px;white-space:nowrap">report. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:3778.28px;white-space:nowrap">It </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:3887.73px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:4018.98px;white-space:nowrap">possible </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:4536.88px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:4792.27px;white-space:nowrap">after </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:5091.33px;white-space:nowrap">this </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:5332.03px;white-space:nowrap">date, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:5660.39px;white-space:nowrap">information </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:6345.94px;white-space:nowrap">about </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:6710.78px;text-rendering:optimizeLegibility;white-space:nowrap">officers </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:7170.23px;white-space:nowrap">may </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;position:absolute;top:4122.33px;left:7454.61px;white-space:nowrap">change.</div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:269.77px;white-space:nowrap">Sarbanes-Oxley </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:1293.36px;white-space:nowrap">Act </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:1541.17px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:1701.48px;white-space:nowrap">2002 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:2029.84px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:2299.61px;white-space:nowrap">Rules </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:2693.36px;white-space:nowrap">adopted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:3240.08px;white-space:nowrap">by </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:3429.69px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:3662.97px;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:4326.64px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:4596.41px;white-space:nowrap">Exchange </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:5252.73px;white-space:nowrap">Commission </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:6076.56px;white-space:nowrap">require </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:6557.81px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:6791.09px;white-space:nowrap">Fund </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:7148.2px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:7308.52px;white-space:nowrap">disclose </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:7870.16px;white-space:nowrap">whether </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:8409.69px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:8642.97px;letter-spacing:-0.68px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4404.33px;left:9100px;white-space:nowrap">Audit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:0px;white-space:nowrap">Committee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:714.38px;white-space:nowrap">includes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:1283.2px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:1436.33px;white-space:nowrap">least </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:1771.88px;white-space:nowrap">one </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:2041.64px;white-space:nowrap">member </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:2588.52px;white-space:nowrap">who </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:2887.42px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:3033.36px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:3222.97px;white-space:nowrap">audit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:3572.89px;white-space:nowrap">committee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:4265.55px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:4834.38px;white-space:nowrap">expert </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:5264.61px;white-space:nowrap">within </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:5680.16px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:5913.44px;white-space:nowrap">meaning </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:6489.45px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:6649.77px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:6987.73px;white-space:nowrap">Act </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:7235.55px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:7505.31px;white-space:nowrap">Rules. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:7935.55px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:8205.31px;letter-spacing:-0.68px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:8667.11px;white-space:nowrap">Board </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:9082.58px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4596.33px;left:9345.16px;white-space:nowrap">determined </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:0px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:276.95px;white-space:nowrap">there </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:634.22px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:780.16px;white-space:nowrap">at </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:933.28px;white-space:nowrap">least </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:1268.83px;white-space:nowrap">one </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:1538.59px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:1881.33px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:2450.16px;white-space:nowrap">expert </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:2880.39px;white-space:nowrap">on </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:3077.19px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:3305.7px;white-space:nowrap">Audit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:3677.34px;white-space:nowrap">Committee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:4391.72px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:4661.48px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:4924.06px;white-space:nowrap">designated </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:5653.2px;white-space:nowrap">Mary </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:5995.94px;white-space:nowrap">C. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:6163.59px;white-space:nowrap">Choksi </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:6637.5px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:6819.92px;white-space:nowrap">its </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:7009.53px;white-space:nowrap">audit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:7359.45px;white-space:nowrap">committee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:8052.11px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:8620.94px;white-space:nowrap">expert. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:9087.66px;white-space:nowrap">The </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4788.33px;left:9357.42px;white-space:nowrap">Board </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:0px;white-space:nowrap">believes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:554.45px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:831.41px;white-space:nowrap">Ms. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:1086.64px;white-space:nowrap">Choksi </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:1560.55px;text-rendering:optimizeLegibility;white-space:nowrap">qualifies </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:2129.38px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:2311.8px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:2654.53px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:2844.14px;white-space:nowrap">expert </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:3274.38px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:3427.5px;white-space:nowrap">view </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:3748.52px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:3908.83px;white-space:nowrap">her </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:4149.45px;white-space:nowrap">extensive </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:4784.06px;white-space:nowrap">business </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:5389.38px;white-space:nowrap">background </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:6176.72px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:6446.48px;white-space:nowrap">experience. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:7205.08px;white-space:nowrap">She </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:7482.19px;white-space:nowrap">served </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:7941.72px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:8124.14px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:8233.59px;white-space:nowrap">director </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:8758.52px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:8914.06px;letter-spacing:-0.95px;white-space:nowrap">Avis </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:4980.33px;left:9222.89px;white-space:nowrap">Budget </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:0px;white-space:nowrap">Group, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:466.56px;white-space:nowrap">Inc. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:729.14px;white-space:nowrap">(2007-2020) </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:1480.39px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:1750.16px;letter-spacing:-0.96px;white-space:nowrap">formerly, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:2338.44px;white-space:nowrap">Founder </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:2899.69px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:3169.45px;white-space:nowrap">Senior </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:3609.45px;letter-spacing:-0.8px;white-space:nowrap">Advisor, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:4163.67px;white-space:nowrap">Strategic </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:4761.56px;white-space:nowrap">Investment </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:5490.7px;white-space:nowrap">Group </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:5920.78px;white-space:nowrap">(1987 </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:6292.81px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:6453.13px;white-space:nowrap">2017). </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:6861.64px;white-space:nowrap">Ms. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:7116.88px;white-space:nowrap">Choksi </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:7590.78px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:7853.36px;white-space:nowrap">been </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:8196.09px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:8305.55px;white-space:nowrap">Member </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:8845.08px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:9005.39px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:9238.67px;letter-spacing:-0.68px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5172.33px;left:9695.7px;white-space:nowrap">Audit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:0px;white-space:nowrap">Committee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:714.38px;white-space:nowrap">since </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:1086.41px;white-space:nowrap">2014. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:1446.48px;white-space:nowrap">As </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:1650.63px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:1760.08px;white-space:nowrap">result </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:2153.83px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:2314.14px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:2656.88px;white-space:nowrap">background </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:3444.22px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:3713.98px;white-space:nowrap">experience, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:4472.58px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:4705.86px;white-space:nowrap">Board </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:5121.33px;white-space:nowrap">believes </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:5675.78px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:5952.73px;white-space:nowrap">Ms. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:6207.97px;white-space:nowrap">Choksi </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:6681.88px;white-space:nowrap">has </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:6944.45px;white-space:nowrap">acquired </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:7527.81px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:7717.42px;white-space:nowrap">understanding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:8665.08px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:8825.39px;white-space:nowrap">generally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5364.33px;left:9438.05px;white-space:nowrap">accepted </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:0px;white-space:nowrap">accounting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:736.33px;white-space:nowrap">principles </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:1392.66px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:1662.42px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:2231.25px;white-space:nowrap">statements, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:2996.88px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:3230.16px;white-space:nowrap">general </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:3733.36px;white-space:nowrap">application </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:4462.5px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:4622.81px;white-space:nowrap">such </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:4965.55px;white-space:nowrap">principles </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:5621.88px;white-space:nowrap">in </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:5775px;white-space:nowrap">connection </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:6511.33px;white-space:nowrap">with </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:6810.23px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:7043.52px;white-space:nowrap">accounting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:7779.84px;white-space:nowrap">estimates, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:8458.13px;white-space:nowrap">accruals </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:9027.11px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5556.33px;left:9296.88px;white-space:nowrap">reserves, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:269.77px;white-space:nowrap">analyzing </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:904.22px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:1173.98px;white-space:nowrap">evaluating </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:1859.45px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:2428.28px;white-space:nowrap">statements </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:3157.42px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:3434.38px;white-space:nowrap">present </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:3944.77px;white-space:nowrap">a </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:4054.22px;white-space:nowrap">breadth </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:4571.8px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:4841.56px;white-space:nowrap">level </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:5169.92px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:5330.23px;white-space:nowrap">complexity </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:6052.19px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:6212.5px;white-space:nowrap">accounting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:6948.83px;white-space:nowrap">issues </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:7393.83px;white-space:nowrap">generally </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:8006.48px;white-space:nowrap">comparable </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:8779.45px;white-space:nowrap">to </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:8939.77px;white-space:nowrap">those </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:9326.17px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:9486.48px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5748.33px;left:9719.77px;white-space:nowrap">Fund, </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:0px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:182.42px;white-space:nowrap">well </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:466.95px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:649.38px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:838.98px;white-space:nowrap">understanding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:1786.64px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:1946.95px;white-space:nowrap">internal </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:2457.34px;white-space:nowrap">controls </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:3011.41px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:3281.17px;white-space:nowrap">procedures </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:4032.19px;white-space:nowrap">for </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:4243.52px;text-rendering:optimizeLegibility;white-space:nowrap">financial </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:4812.34px;white-space:nowrap">reporting </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:5424.61px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:5694.38px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:5883.98px;white-space:nowrap">understanding </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:6831.64px;white-space:nowrap">of </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:6991.95px;white-space:nowrap">audit </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:7341.88px;white-space:nowrap">committee </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:8034.53px;white-space:nowrap">functions. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:8697.89px;white-space:nowrap">Ms. </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:8953.13px;white-space:nowrap">Choksi </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:9427.03px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:5940.33px;left:9572.97px;white-space:nowrap">an </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:0px;white-space:nowrap">independent </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:816.48px;white-space:nowrap">Board </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:1231.95px;white-space:nowrap">member </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:1778.83px;white-space:nowrap">as </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:1961.25px;white-space:nowrap">that </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:2238.2px;white-space:nowrap">term </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:2558.98px;white-space:nowrap">is </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:2704.92px;text-rendering:optimizeLegibility;white-space:nowrap">defined </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:3207.97px;white-space:nowrap">under </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:3608.91px;white-space:nowrap">the </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:3842.19px;white-space:nowrap">relevant </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:4381.88px;white-space:nowrap">Securities </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:5045.55px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:5315.31px;white-space:nowrap">Exchange </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:5971.64px;white-space:nowrap">Commission </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:6795.47px;white-space:nowrap">Rules </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:7189.22px;white-space:nowrap">and </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:130px;font-weight:bold;position:absolute;top:6132.33px;left:7458.98px;white-space:nowrap">Releases.</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:0px;white-space:nowrap">Name, </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:521.8px;letter-spacing:-1.77px;white-space:nowrap">Year </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:904.38px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:1099.84px;white-space:nowrap">Birth </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:322.97px;white-space:nowrap">Address</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:2316px;white-space:nowrap">Position</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:3632px;white-space:nowrap">Length </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:4209.66px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:3632px;letter-spacing:-0.58px;white-space:nowrap">Time </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:4047px;white-space:nowrap">Served</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:5348px;white-space:nowrap">Number </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:5996.98px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:6192.45px;white-space:nowrap">Portfolios </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:340.3px;left:6983.55px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:5348px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:5783.39px;white-space:nowrap">Complex </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:6503.55px;white-space:nowrap">Overseen </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:5348px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:5579.17px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:6085.89px;white-space:nowrap">Member*</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:7514px;white-space:nowrap">Other </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:7985.17px;white-space:nowrap">Directorships </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:532.3px;left:9061.03px;white-space:nowrap">Held </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:7514px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:8073.92px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:8260.64px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:8723.06px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:9007.52px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:9389.94px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:724.3px;left:9520.48px;letter-spacing:-1.77px;white-space:nowrap">Years</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:0px;white-space:nowrap">Jeffery </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:569.22px;letter-spacing:-2.94px;white-space:nowrap">W. </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:800.31px;white-space:nowrap">White </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1020.79px;left:1280.23px;white-space:nowrap">(1971)</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:2316px;white-space:nowrap">Interim </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:2849.44px;white-space:nowrap">Chief </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:2316px;white-space:nowrap">Financial </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1212.79px;left:3000.77px;text-rendering:optimizeLegibility;letter-spacing:-0.98px;white-space:nowrap">Officer, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:2316px;white-space:nowrap">Chief </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1404.79px;left:2725.14px;white-space:nowrap">Accounting </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:2316px;text-rendering:optimizeLegibility;white-space:nowrap">Officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1596.79px;left:2831.63px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1788.79px;left:2316px;letter-spacing:-0.66px;white-space:nowrap">Treasurer</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:3632px;white-space:nowrap">Since </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:4076.69px;white-space:nowrap">October </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:4690.28px;white-space:nowrap">2021</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:5348px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:5632.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:7514px;white-space:nowrap">Not </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1020.79px;left:7798.61px;white-space:nowrap">Applicable</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1229.67px;left:0px;white-space:nowrap">One </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1229.67px;left:346.88px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1229.67px;left:960.39px;white-space:nowrap">Parkway</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1421.67px;left:0px;white-space:nowrap">San </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1421.67px;left:329.14px;white-space:nowrap">Mateo, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1421.67px;left:862.73px;letter-spacing:-2.94px;white-space:nowrap">CA </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:1421.67px;left:1120.63px;white-space:nowrap">94403-1906</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:0px;white-space:nowrap">Principal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:720.23px;white-space:nowrap">Occupation </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:1644.77px;white-space:nowrap">During </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:2204.69px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:2391.41px;white-space:nowrap">Least </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:2853.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:3138.28px;white-space:nowrap">Past </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:3520.7px;white-space:nowrap">5 </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:1995.27px;left:3651.25px;letter-spacing:-1.47px;white-space:nowrap">Years:</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:0px;letter-spacing:-0.88px;white-space:nowrap">Director, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:640.16px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:1040.47px;white-space:nowrap">Administration </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:2098.67px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:2249.84px;white-space:nowrap">Reporting; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:3032.5px;text-rendering:optimizeLegibility;white-space:nowrap">officer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:3512.66px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:3690.55px;white-space:nowrap">24 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:3912.97px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:4090.86px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:4357.73px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:5175.86px;white-space:nowrap">companies </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:5994.06px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:6163.05px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:6773.67px;letter-spacing:-1.61px;white-space:nowrap">Templeton; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:7600.78px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:2201.76px;left:7912.19px;white-space:nowrap">formerly</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:8552.42px;white-space:nowrap">, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:8641.33px;letter-spacing:-0.98px;white-space:nowrap">Manager, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2201.76px;left:9352.89px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:0px;white-space:nowrap">Administration </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:1058.2px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:1209.38px;white-space:nowrap">Report </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:2393.76px;left:1734.06px;white-space:nowrap">(2009-2017).</div></div>
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			<div style="width:10080px;height:189px;position:absolute;top:4.61px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Interested </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1228.53px;white-space:nowrap">Board </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1994.56px;white-space:nowrap">Members </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3150.34px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3656.38px;text-rendering:optimizeLegibility;white-space:nowrap">Officers </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:53.82px;left:4624.27px;white-space:nowrap">(continued)</div></div>
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			<div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:0px;white-space:nowrap">Shareholder </div><div style="font-family:Arial, Helvetica, sans-serif;font-size:300px;position:absolute;top:-48.16px;left:1690.31px;white-space:nowrap">Information</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:0px;white-space:nowrap">Proxy </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:736.84px;letter-spacing:-2.05px;white-space:nowrap">Voting </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:1531.94px;white-space:nowrap">Policies </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:2500.09px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:-30.85px;left:3006.12px;white-space:nowrap">Procedures</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:360.18px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:947.2px;white-space:nowrap">investment </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:1867.59px;white-space:nowrap">manager </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:2628.02px;white-space:nowrap">has </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:2968.24px;white-space:nowrap">established </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:344.48px;left:3928.89px;white-space:nowrap">Proxy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:0px;letter-spacing:-1.42px;white-space:nowrap">Voting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:550.46px;white-space:nowrap">Policies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:1220.71px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:1571.04px;white-space:nowrap">Procedures </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:2541.53px;white-space:nowrap">(Policies) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:3331.67px;white-space:nowrap">that </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:3681.91px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:594.48px;left:3982.15px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:0px;white-space:nowrap">uses </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:430.22px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:630.35px;white-space:nowrap">determine </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:1480.78px;white-space:nowrap">how </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:1861px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:2061.12px;white-space:nowrap">vote </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:2451.36px;white-space:nowrap">proxies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:3081.62px;white-space:nowrap">relating </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:3721.99px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:844.48px;left:3922.12px;white-space:nowrap">portfolio </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:0px;white-space:nowrap">securities. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:860.27px;white-space:nowrap">Shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:1980.97px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:2371.03px;white-space:nowrap">view </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:2781.12px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:3081.36px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1094.48px;left:3668.38px;white-space:nowrap">complete </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344.48px;left:0px;white-space:nowrap">Policies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344.48px;left:670.25px;white-space:nowrap">online </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344.48px;left:1200.67px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344.48px;left:1400.8px;white-space:nowrap">franklintempleton.com. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1344.48px;left:3251.69px;letter-spacing:-0.89px;white-space:nowrap">Alternatively, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:0px;white-space:nowrap">shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:1090.63px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:1480.69px;white-space:nowrap">request </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:2131.08px;white-space:nowrap">copies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:2701.41px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:2901.53px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:3201.77px;white-space:nowrap">Policies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:3872.02px;white-space:nowrap">free </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1594.48px;left:4232.2px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1844.48px;left:0px;white-space:nowrap">charge </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1844.48px;left:600.38px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1844.48px;left:840.5px;white-space:nowrap">calling </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1844.48px;left:1400.8px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1844.48px;left:1701.04px;white-space:nowrap">Proxy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1844.48px;left:2211.15px;white-space:nowrap">Group </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1844.48px;left:2761.44px;white-space:nowrap">collect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1844.48px;left:3321.65px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1844.48px;left:3521.78px;white-space:nowrap">(954) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:1844.48px;left:3991.99px;white-space:nowrap">527-</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2094.48px;left:0px;white-space:nowrap">7678 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2094.48px;left:450.44px;white-space:nowrap">or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2094.48px;left:660.5px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2094.48px;left:900.62px;white-space:nowrap">sending </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2094.48px;left:1581.15px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2094.48px;left:1731.27px;white-space:nowrap">written </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2094.48px;left:2311.44px;white-space:nowrap">request </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2094.48px;left:2961.83px;white-space:nowrap">to: </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2094.48px;left:3211.96px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2094.48px;left:3898.92px;letter-spacing:-2px;white-space:nowrap">Templeton </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2344.48px;left:0px;white-space:nowrap">Companies, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2344.48px;left:1010.48px;white-space:nowrap">LLC, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2344.48px;left:1440.7px;white-space:nowrap">300 </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2344.48px;left:1791.04px;white-space:nowrap">S.E. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2344.48px;left:2181.18px;white-space:nowrap">2nd </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2344.48px;left:2531.51px;white-space:nowrap">Street, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2344.48px;left:3111.77px;white-space:nowrap">Fort </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2344.48px;left:3481.79px;white-space:nowrap">Lauderdale, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2594.48px;left:0px;letter-spacing:-2.23px;white-space:nowrap">FL </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2594.48px;left:253.39px;white-space:nowrap">33301, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2594.48px;left:844.01px;white-space:nowrap">Attention: </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2594.48px;left:1654.54px;white-space:nowrap">Proxy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2594.48px;left:2164.66px;white-space:nowrap">Group. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2594.48px;left:2764.95px;white-space:nowrap">Copies </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2594.48px;left:3375.26px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2594.48px;left:3575.39px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2594.48px;left:3875.63px;letter-spacing:-0.46px;white-space:nowrap">Fund&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2844.48px;left:0px;white-space:nowrap">proxy </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2844.48px;left:490.17px;white-space:nowrap">voting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2844.48px;left:1020.5px;white-space:nowrap">records </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2844.48px;left:1670.71px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2844.48px;left:1980.88px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2844.48px;left:2361.09px;white-space:nowrap">made </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2844.48px;left:2861.37px;white-space:nowrap">available </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2844.48px;left:3621.88px;white-space:nowrap">online </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:2844.48px;left:4152.3px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3094.48px;left:0px;white-space:nowrap">franklintempleton.com </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3094.48px;left:1810.81px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3094.48px;left:2161.14px;white-space:nowrap">posted </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3094.48px;left:2751.59px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3094.48px;left:3001.82px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3094.48px;left:3302.05px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3094.48px;left:3702.13px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3094.48px;left:4542.45px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3344.48px;left:0px;white-space:nowrap">Exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3344.48px;left:850.61px;letter-spacing:-0.25px;white-space:nowrap">Commission&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3344.48px;left:2017.53px;white-space:nowrap">website </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3344.48px;left:2677.85px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3344.48px;left:2877.98px;white-space:nowrap">sec.gov </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3344.48px;left:3548.32px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3344.48px;left:3898.65px;text-rendering:optimizeLegibility;white-space:nowrap">reflect </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3344.48px;left:4438.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3594.48px;left:0px;white-space:nowrap">most </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3594.48px;left:440.07px;white-space:nowrap">recent </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3594.48px;left:990.35px;white-space:nowrap">12-month </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3594.48px;left:1800.79px;white-space:nowrap">period </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3594.48px;left:2351.16px;white-space:nowrap">ended </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3594.48px;left:2901.71px;white-space:nowrap">June </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:3594.48px;left:3342.04px;white-space:nowrap">30.</div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:4170.75px;left:0px;white-space:nowrap">Quarterly </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:4170.75px;left:1141.44px;white-space:nowrap">Statement </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:4170.75px;left:2398.78px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:260px;position:absolute;top:4170.75px;left:2687.85px;white-space:nowrap">Investments</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:0px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:360.18px;white-space:nowrap">Fund </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:820.46px;text-rendering:optimizeLegibility;white-space:nowrap">files </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:1190.57px;white-space:nowrap">a </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:1340.68px;white-space:nowrap">complete </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:2121.06px;white-space:nowrap">statement </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:2961.47px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:3161.6px;white-space:nowrap">investments </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4546.08px;left:4171.99px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:0px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:300.23px;white-space:nowrap">U.S. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:700.31px;white-space:nowrap">Securities </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:1540.63px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:1890.97px;white-space:nowrap">Exchange </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:2741.57px;white-space:nowrap">Commission </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:3781.76px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:4041.83px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:4796.08px;left:4342.06px;text-rendering:optimizeLegibility;white-space:nowrap">first </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:0px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:350.33px;white-space:nowrap">third </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:750.5px;white-space:nowrap">quarters </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:1460.83px;white-space:nowrap">for </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:1720.9px;white-space:nowrap">each </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:2161.23px;text-rendering:optimizeLegibility;white-space:nowrap">fiscal </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:2621.34px;white-space:nowrap">year </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:3021.5px;white-space:nowrap">as </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:3261.62px;white-space:nowrap">an </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:3511.85px;white-space:nowrap">exhibit </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:4082.17px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5046.08px;left:4282.29px;white-space:nowrap">its </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5296.08px;left:0px;white-space:nowrap">report </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5296.08px;left:520.22px;white-space:nowrap">on </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5296.08px;left:770.45px;white-space:nowrap">Form </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5296.08px;left:1240.4px;letter-spacing:-2.9px;white-space:nowrap">N-PORT. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5296.08px;left:2007.16px;white-space:nowrap">Shareholders </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5296.08px;left:3127.85px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5296.08px;left:3517.91px;white-space:nowrap">view </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5296.08px;left:3928.01px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5296.08px;left:4228.24px;text-rendering:optimizeLegibility;white-space:nowrap">filed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:0px;white-space:nowrap">Form </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:469.95px;letter-spacing:-0.93px;white-space:nowrap">N-PORT </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:1203.4px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:1443.52px;white-space:nowrap">visiting </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:2043.72px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:2343.96px;letter-spacing:-0.25px;white-space:nowrap">Commission&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:3510.88px;white-space:nowrap">website </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:4171.2px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5546.08px;left:4371.33px;white-space:nowrap">sec.</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:0px;letter-spacing:-2.67px;white-space:nowrap">gov. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:373.62px;white-space:nowrap">The </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:733.8px;text-rendering:optimizeLegibility;white-space:nowrap">filed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:1114.01px;white-space:nowrap">form </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:1524.02px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:1914.08px;white-space:nowrap">also </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:2294.3px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:2544.52px;white-space:nowrap">viewed </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:3154.83px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:3505.17px;white-space:nowrap">copied </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:4085.6px;white-space:nowrap">at </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:5796.08px;left:4285.72px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6046.08px;left:0px;letter-spacing:-0.25px;white-space:nowrap">Commission&#8217;s </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6046.08px;left:1166.92px;white-space:nowrap">Public </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6046.08px;left:1707.19px;white-space:nowrap">Reference </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6046.08px;left:2587.68px;white-space:nowrap">Room </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6046.08px;left:3117.83px;white-space:nowrap">in </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6046.08px;left:3307.94px;letter-spacing:-0.56px;white-space:nowrap">Washington, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6046.08px;left:4351.82px;white-space:nowrap">DC. </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6296.08px;left:0px;white-space:nowrap">Information </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6296.08px;left:950.45px;white-space:nowrap">regarding </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6296.08px;left:1760.98px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6296.08px;left:2061.21px;white-space:nowrap">operations </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6296.08px;left:2951.81px;white-space:nowrap">of </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6296.08px;left:3151.93px;white-space:nowrap">the </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6296.08px;left:3452.17px;white-space:nowrap">Public </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6296.08px;left:3992.43px;white-space:nowrap">Reference </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:0px;white-space:nowrap">Room </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:530.16px;white-space:nowrap">may </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:920.21px;white-space:nowrap">be </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:1170.44px;white-space:nowrap">obtained </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:1911.09px;white-space:nowrap">by </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:2151.21px;white-space:nowrap">calling </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:2711.51px;white-space:nowrap">(800) </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:6546.08px;left:3181.73px;white-space:nowrap">SEC-0330.</div></div>
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			<div style="font-family:Arial, sans-serif;font-size:120px;position:absolute;top:-14.24px;left:947.94px;letter-spacing:-0.54px;white-space:nowrap">FUT </div><div style="font-family:Arial, sans-serif;font-size:120px;position:absolute;top:-14.24px;left:1205.75px;letter-spacing:-3.31px;white-space:nowrap">A </div><div style="font-family:Arial, sans-serif;font-size:120px;position:absolute;top:-14.24px;left:1312.51px;white-space:nowrap">10/21</div></div>
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		<div style="height:9px;left:36px;position:absolute;top:737px;width:338px">
			<div style="width:6768px;height:101px;position:absolute;top:2.67px;left:0px;transform-origin:0% 0%;transform:rotate(0deg) scale(0.05)">

			<div style="font-family:Arial, sans-serif;font-size:120px;position:absolute;top:-14.24px;left:0px;white-space:nowrap">&#169; </div><div style="font-family:Arial, sans-serif;font-size:120px;position:absolute;top:-14.24px;left:121.76px;white-space:nowrap">2021 </div><div style="font-family:Arial, sans-serif;font-size:120px;position:absolute;top:-14.24px;left:422.05px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:120px;position:absolute;top:-14.24px;left:880.02px;letter-spacing:-1.33px;white-space:nowrap">Templeton </div><div style="font-family:Arial, sans-serif;font-size:120px;position:absolute;top:-14.24px;left:1467.01px;white-space:nowrap">Investments. </div><div style="font-family:Arial, sans-serif;font-size:120px;position:absolute;top:-14.24px;left:2174px;white-space:nowrap">All </div><div style="font-family:Arial, sans-serif;font-size:120px;position:absolute;top:-14.24px;left:2340.7px;white-space:nowrap">rights </div><div style="font-family:Arial, sans-serif;font-size:120px;position:absolute;top:-14.24px;left:2667.48px;white-space:nowrap">reserved.</div></div>
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)"></div>
					</div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:0px;letter-spacing:-6.65px;white-space:nowrap">To </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:240.12px;white-space:nowrap">help </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:630.44px;white-space:nowrap">ensure </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:1230.82px;white-space:nowrap">we </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:1510.93px;white-space:nowrap">provide </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:2151.3px;white-space:nowrap">you </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:2491.52px;white-space:nowrap">with </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:2861.63px;white-space:nowrap">quality </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:3431.95px;white-space:nowrap">service, </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:4102.12px;white-space:nowrap">all </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:4332.22px;white-space:nowrap">calls </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:4742.31px;white-space:nowrap">to </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:4942.44px;white-space:nowrap">and </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:5292.77px;white-space:nowrap">from </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:5702.78px;white-space:nowrap">our </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:6012.95px;white-space:nowrap">service </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:6633.11px;white-space:nowrap">areas </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:7133.38px;white-space:nowrap">are </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:7443.54px;white-space:nowrap">monitored </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:8293.97px;white-space:nowrap">and/or </div><div style="font-family:Arial, sans-serif;font-size:180px;position:absolute;top:10074.28px;left:8854.37px;white-space:nowrap">recorded.</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10800.46px;left:3210px;white-space:nowrap">Annual </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:10800.46px;left:3796.64px;white-space:nowrap">Report</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11003.35px;left:3210px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11003.35px;left:3876.8px;white-space:nowrap">Universal </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11003.35px;left:4641.64px;letter-spacing:-1.77px;white-space:nowrap">Trust</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11380px;left:3210px;white-space:nowrap">Investment </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11380px;left:4099.14px;white-space:nowrap">Manager</div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11380px;left:5350px;letter-spacing:-0.98px;white-space:nowrap">Transfer </div><div style="font-family:Arial, sans-serif;font-size:160px;font-weight:bold;position:absolute;top:11380px;left:6019.92px;white-space:nowrap">Agent</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11582.88px;left:3210px;white-space:nowrap">Franklin </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11582.88px;left:3814.69px;white-space:nowrap">Advisers, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11582.88px;left:4517.11px;white-space:nowrap">Inc.</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11774.88px;left:3210px;white-space:nowrap">(800) </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11774.88px;left:3627.97px;letter-spacing:-1.19px;white-space:nowrap">DIAL </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11774.88px;left:4022.19px;white-space:nowrap">BEN</div><div style="font-family:Arial, sans-serif;font-size:93.3px;position:absolute;top:11778.09px;left:4351.17px;white-space:nowrap">&#174;</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11774.88px;left:4464.36px;white-space:nowrap">/</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11966.88px;left:3210px;white-space:nowrap">342-5236</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11582.88px;left:5350px;white-space:nowrap">American </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11582.88px;left:6070.23px;white-space:nowrap">Stock </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11582.88px;left:6511.95px;letter-spacing:-0.66px;white-space:nowrap">Transfer </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11582.88px;left:7146.17px;white-space:nowrap">&amp; </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11582.88px;left:7294.45px;letter-spacing:-0.99px;white-space:nowrap">Trust </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11582.88px;left:7697.42px;white-space:nowrap">Co., </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11582.88px;left:8035.31px;white-space:nowrap">LLC</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11774.88px;left:5350px;white-space:nowrap">6201 </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11774.88px;left:5750.39px;white-space:nowrap">15th </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11774.88px;left:6097.42px;letter-spacing:-0.48px;white-space:nowrap">Avenue</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11966.88px;left:5350px;white-space:nowrap">Brooklyn, </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11966.88px;left:6061.41px;letter-spacing:-0.96px;white-space:nowrap">NY </div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:11966.88px;left:6325.23px;letter-spacing:-2.37px;white-space:nowrap">11219</div><div style="font-family:Arial, sans-serif;font-size:160px;position:absolute;top:12158.88px;left:5350px;text-rendering:optimizeLegibility;letter-spacing:-0.44px;white-space:nowrap">www.astfinancial.com</div></div>
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<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Item
2. Code of Ethics.</div></b></div>

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<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">(a)
The Registrant has adopted a code of ethics that applies to its principal
executive officers and principal financial and accounting officer.&#160; </div></div>

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<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">(c)
N/A</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">(d)
N/A</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">(f)
Pursuant to Item 13(a)(1), the Registrant is attaching as an exhibit a copy of
its code of ethics that applies to its principal executive officers and
principal financial and accounting officer. </div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Item
3. Audit Committee Financial Expert.</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">(a)(1)
The Registrant has an audit committee financial expert serving on its audit
committee.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">(2)
The audit committee financial expert is Mary C. Choksi and she is
"independent" as defined under the relevant Securities and Exchange
Commission Rules and Releases. </div></div>

<pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="mso-style-name: term1;font-weight: bold;display: inline;"><div style="font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="mso-style-name: term1;font-weight: bold;display: inline;"><div style="font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="mso-style-name: term1;font-weight: bold;display: inline;"><div style="font-family: &quot;Courier New&quot;;display: inline;">Item 4.</div></div><strong><div style="font-family: &quot;Courier New&quot;;display: inline;"> Principal Accountant Fees and Services.</div></strong></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">(a)&#160;&#160;&#160;&#160;&#160; Audit Fees</div></pre>

<div style="font-size: 12.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">The aggregate fees paid to the principal accountant
for professional services rendered by the principal accountant for the audit of
the registrant&#8217;s annual financial statements or for services that are normally
provided by the principal accountant in connection with statutory and
regulatory filings or engagements were $53,527 for the fiscal year ended August
31, 2021 and $62,420 for the fiscal year ended August 31, 2020.</div></div>

<pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">(b)&#160;&#160;&#160;&#160;&#160; Audit-Related Fees</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">There were no fees paid to the principal accountant for assurance and related services rendered by the principal accountant to the registrant that are reasonably related to the performance of the audit of the registrant's financial statements and are not reported under paragraph (a) of Item 4.</div></pre>

<div style="font-size: 12.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">There were no fees paid to the principal accountant for assurance and related services rendered by the principal accountant to the registrant's investment adviser and any entity controlling, controlled by or under common control with the investment adviser that provides ongoing services to the registrant that are reasonably related to the performance of the audit of their financial statements.&#160; </div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">(c)&#160;&#160;&#160;&#160;&#160; Tax Fees</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">There were no fees paid to the principal accountant for professional services rendered by the principal accountant to the registrant for tax compliance, tax advice and tax planning.</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">There were no fees paid to the principal accountant for professional services rendered by the principal accountant to the registrant&#8217;s investment adviser and any entity controlling, controlled by or under common control with the investment adviser that provides ongoing services to the registrant for tax compliance, tax advice and tax planning.</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">(d)&#160;&#160;&#160; &#160;&#160;All Other Fees</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">The aggregate fees paid to the principal accountant for products and services rendered by the principal accountant to the registrant not reported in paragraphs (a)-(c) of Item 4</div><div style="font-size: 12.0pt;font-family: &quot;Courier New&quot;;display: inline;"> </div><div style="font-family: &quot;Courier New&quot;;display: inline;">were $88 for the fiscal year ended August 31, 2021 and $0 for the fiscal year ended August 31, 2020. The services for which these fees were paid included review of materials provided to the fund Board in connection with the investment management contract renewal process.</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;"> </div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">The aggregate fees paid to the principal accountant for products and services rendered by the principal accountant to the registrant&#8217;s investment adviser and any entity controlling, controlled by or under common control with the investment adviser that provides ongoing services to the registrant not reported in paragraphs (a)-(c) of Item 4 were $12,000 for the fiscal year ended August 31, 2021 and $175,744 for the fiscal year ended August 31, 2020. The services for which these fees were paid included the issuance of an Auditors&#8217; Certificate for South Korean regulatory shareholder disclosures, professional fees in connection with determining the feasibility of a U.S. direct lending structure, valuation services related to a fair value engagement, and assets under management certification.&#160; </div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></pre>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">(e)
(1) The registrant&#8217;s audit committee is directly responsible for approving the
services to be provided by the auditors, including:</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160; (i)&#160;&#160; pre-approval
of all audit and audit related services;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160; (ii)&#160; pre-approval
of all non-audit related services to be provided to the Fund by the auditors;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160; (iii) pre-approval
of all non-audit related services to be provided to the registrant by the
auditors to the registrant&#8217;s investment adviser or to any entity that controls,
is controlled by or is under common control with the registrant&#8217;s investment adviser
and that provides ongoing services to the registrant where the non-audit
services relate directly to the operations or financial reporting of the
registrant; and</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160; (iv)&#160; establishment
by the audit committee, if deemed necessary or appropriate, as an alternative
to committee pre-approval of services to be provided by the auditors, as
required by paragraphs (ii) and (iii) above, of policies and procedures to
permit such services to be pre-approved by other means, such as through
establishment of guidelines or by action of a designated member or members of
the committee; provided the policies and procedures are detailed as to the
particular service and the committee is informed of each service and such
policies and procedures do not include delegation of audit committee
responsibilities, as contemplated under the Securities Exchange Act of 1934, to
management; subject, in the case of (ii) through (iv), to any waivers,
exceptions or exemptions that may be available under applicable law or rules.</div></div>

<pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">(e) (2) None of the services provided to the registrant described in paragraphs (b)-(d) of Item 4 were approved by the audit committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of regulation S-X.</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">(f) No disclosures are required by this Item 4(f).</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">(g) The aggregate non-audit fees paid to the principal accountant for services rendered by the principal accountant to the registrant and the registrant&#8217;s investment adviser and any entity controlling, controlled by or under common control with the investment adviser that provides ongoing services to the registrant were $12,088 for the fiscal year ended August 31, 2021 and $175,744 for the fiscal year ended August 31, 2020.</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></pre><pre style="mso-style-link: &quot;HTML Preformatted Char&quot;;font-size: 10.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">(h) The registrant&#8217;s audit committee of the board has considered whether the provision of non-audit services that were rendered to the registrant&#8217;s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant&#8217;s independence.</div></pre>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><strong><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Item
5. Audit Committee</div></strong><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;"> <strong><div style="font-family: &quot;Courier New&quot;;display: inline;">of Listed
Registrants. </div></strong></div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><strong><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></strong></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><strong><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;font-weight: normal;display: inline;">Members of the Audit Committee are: </div></strong><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Terrence J. Checki, <strong><div style="font-family: &quot;Courier New&quot;;font-weight: normal;display: inline;">Mary C. Choksi</div></strong><strong><div style="font-family: &quot;Courier New&quot;;display: inline;">, </div></strong>Edith E. Holiday<b>, </b><strong><div style="font-family: &quot;Courier New&quot;;font-weight: normal;display: inline;">J. Michael Luttig and Larry
D. Thompson.</div></strong></div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .5in;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .5in;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Item
6. Schedule of Investments.&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; N/A</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;"><br>
<br>
</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Item 7</div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">. <b>Disclosure of Proxy
Voting Policies and Procedures for Closed-End Management Investment Companies. </b></div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The board of trustees of the Fund has delegated the
authority to vote proxies related to the portfolio securities held by the Fund
to the Fund's investment manager, Franklin Advisers, Inc. in accordance with
the Proxy Voting Policies and Procedures (Policies) adopted by the investment
manager.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">RESPONSIBILITY OF THE INVESTMENT MANAGER TO VOTE PROXIES<br>
<br>
</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Franklin Advisers, Inc. (hereinafter the
"Investment Manager") has delegated its administrative duties with
respect to voting proxies for securities to the Proxy Group within Franklin
Templeton Companies, LLC (the "Proxy Group"), a wholly-owned
subsidiary of Franklin Resources, Inc. Franklin Templeton Companies, LLC
provides a variety of general corporate services to its affiliates, including,
but not limited to, legal and compliance activities. Proxy duties consist of
analyzing proxy statements of issuers whose stock is owned by any client
(including both investment companies and any separate accounts managed by the
Investment Manager) that has either delegated proxy voting administrative
responsibility to the Investment Manager or has asked for information and/or
recommendations on the issues to be voted. The Investment Manager will inform
Advisory Clients that have not delegated the voting responsibility but that
have requested voting advice about the Investment Manager's views on such proxy
votes. The Proxy Group also provides these services to other advisory
affiliates of the Investment Manager.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The Proxy Group will process proxy votes on behalf of,
and the Investment Manager votes proxies solely in the best interests of,
separate account clients, the Investment Manager-managed investment company
shareholders, or shareholders of funds that have appointed Franklin Templeton International
Services S.&#224;.r.l. (&#8220;FTIS S.&#224;.r.l.&#8221;) as the Management Company, provided such
funds or clients have properly delegated such responsibility in writing, or,
where employee benefit plan assets subject to the Employee Retirement Income
Security Act of 1974, as amended, are involved (&#8220;ERISA accounts&#8221;), in the best
interests of the plan participants and beneficiaries (collectively,
"Advisory Clients"), unless (i) the power to vote has been
specifically retained by the named fiduciary in the documents in which the
named fiduciary appointed the Investment Manager or (ii) the documents
otherwise expressly prohibit the Investment Manager from voting proxies. The
Investment Manager recognizes that the exercise of voting rights on securities
held by ERISA plans for which the Investment Manager has voting responsibility
is a fiduciary duty that must be exercised with care, skill, prudence and
diligence.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">In certain circumstances, Advisory Clients are permitted
to direct their votes in a solicitation pursuant to the Investment Management
Agreement. An Advisory Client that wishes to direct its vote shall give
reasonable prior written notice to the Investment Manager indicating such
intention and provide written instructions directing the Investment Manager or
the Proxy Group to vote regarding the solicitation. Where such prior written
notice is received, the Proxy Group will vote proxies in accordance with such
written notification received from the Advisory Client.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The Investment Manager has adopted and implemented Proxy
Voting Policies and Procedures (&#8220;Proxy Policies&#8221;) that it believes are
reasonably designed to ensure that proxies are voted in the best interest of
Advisory Clients in accordance with its fiduciary duties and rule 206(4)-6
under the Investment Advisers Act of 1940. To the extent that the Investment
Manager has a subadvisory agreement with an affiliated investment manager (the
&#8220;Affiliated Subadviser&#8221;) with respect to a particular Advisory Client, the Investment
Manager may delegate proxy voting responsibility to the Affiliated Subadviser.
The Investment Manager may also delegate proxy voting responsibility to a
subadviser that is not an Affiliated Subadviser in certain limited situations
as disclosed to fund shareholders (e.g., where an Investment Manager to a
pooled investment vehicle has engaged a subadviser that is not an Affiliated
Subadviser to manage all or a portion of the assets).<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><i><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">* </div></i><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Rule 38a-1 under the Investment Company
Act of 1940 (&#8220;1940 Act&#8221;) and Rule 206(4)-7 under the Investment Advisers Act of
1940 (&#8220;Advisers Act&#8221;) (together the &#8220;Compliance Rule&#8221;) require registered
investment companies and registered investment advisers to, among other things,
adopt and implement written policies and procedures reasonably designed to
prevent violations of the federal securities laws (&#8220;Compliance Rule Policies
and Procedures&#8221;).<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">HOW THE INVESTMENT MANAGER VOTES PROXIES<br>
<br>
</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Fiduciary Considerations</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">All proxies received by the Proxy Group will be voted
based upon the Investment Manager's instructions and/or policies. To assist it
in analyzing proxies of equity securities, the Investment Manager subscribes to
Institutional Shareholder Services Inc. ("ISS"), an unaffiliated
third-party corporate governance research service that provides in-depth
analyses of shareholder meeting agendas and vote recommendations. In addition,
the Investment Manager subscribes to ISS&#8217;s Proxy Voting Service and Vote
Disclosure Service. These services include receipt of proxy ballots, custodian
bank relations, account maintenance, vote execution, ballot reconciliation,
vote record maintenance, comprehensive reporting capabilities, and vote
disclosure services. Also, the Investment Manager subscribes to Glass, Lewis
&amp; Co., LLC ("Glass Lewis"), an unaffiliated third-party
analytical research firm, to receive analyses and vote recommendations on the
shareholder meetings of publicly held U.S. companies, as well as a limited
subscription to its international research. Although analyses provided by ISS,
Glass Lewis, and/or another independent third-party proxy service provider
(each a &#8220;Proxy Service&#8221;) are thoroughly reviewed and considered in making a
final voting decision, the Investment Manager does not consider recommendations
from a Proxy Service or any third-party to be determinative of the Investment
Manager's ultimate decision. Rather, the Investment Manager exercises its
independent judgment in making voting decisions. As a matter of policy, the
officers, directors and employees of the Investment Manager and the Proxy Group
will not be influenced by outside sources whose interests conflict with the
interests of Advisory Clients.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">For ease of reference, the Proxy Policies often refer to
all Advisory Clients. However, our processes and practices seek to ensure that
proxy voting decisions are suitable for individual Advisory Clients. In some
cases, the investment manager&#8217;s evaluation may result in an individual Advisory
Client or Investment Manager voting differently, depending upon the nature and
objective of the fund or account, the composition of its portfolio, whether the
Investment Manager has adopted a specialty or custom voting policy, and other
factors.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><u><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Circumstances Where the Investment Manager May Generally
Rely on the Recommendations of a Proxy Service<br>
<br>
</div></u></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Certain of the Investment Manager&#8217;s clients&#8217; accounts
are separate accounts or funds (or a portion thereof) that follow a smart beta
strategy, are passively managed to track a particular securities index, or
employ a quantitative strategy. These accounts include certain client accounts
managed by Franklin Templeton Investment Solutions (&#8220;FTIS&#8221;), a business unit of
the Investment Manager that are managed systematically to either (i) track a
specified securities index (including but not limited to exchange traded funds
(&#8220;ETFs&#8221;)) or (ii) seek to achieve other stated investment objectives. <br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">In the case of accounts managed to track an index, the
primary criteria for determining whether a security should be included (or
continue to be included) in an investment portfolio is whether such security is
a representative component of the securities index that the account is seeking
to track.&#160; For other systematically-managed accounts that do not track a
specific index, FTIS&#8217;s proprietary methodologies rely on a combination of
quantitative, qualitative, and behavioral analysis rather than fundamental
security research and analyst coverage that an actively-managed portfolio would
ordinarily employ. Accordingly, absent client direction, in light of the high
number of positions held by such accounts and the considerable time and effort
that would be required to review proxy statements and ISS or Glass Lewis
recommendations, the Investment Manager may review ISS&#8217;s non-US Benchmark
guidelines, ISS&#8217;s specialty guidelines (in particular, ISS&#8217;s Sustainability guidelines),
or Glass Lewis&#8217;s US guidelines ( the &#8220;the ISS and Glass Lewis Proxy Voting
Guidelines&#8221;) and determine, consistent with the best interest of its clients,
to provide standing instructions to the Proxy Group to vote proxies according
to the recommendations of ISS or Glass Lewis. <br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The Investment Manager, however, retains the ability to
vote a proxy differently than ISS or Glass Lewis recommends if the Investment
Manager determines that it would be in the best interests of Advisory Clients
(for example, where an issuer files additional solicitation materials after a
Proxy Service has issued its voting recommendations but sufficiently before the
vote submission deadline and these materials would reasonably be expected to
affect the Investment Manager&#8217;s voting determination).<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Conflicts of Interest<br>
<br>
</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">All conflicts of interest will be resolved in the best
interests of the Advisory Clients. The Investment Manager is an affiliate of a
large, diverse financial services firm with many affiliates and makes its best
efforts to mitigate conflicts of interest. However, as a
general matter, the Investment Manager takes the position that relationships
between certain affiliates acquired as a result of the Legg Mason transaction
that do not use the &#8220;Franklin Templeton&#8221; name (&#8220;Legg Mason Affiliates&#8221;) and an
issuer (e.g., an investment management relationship between an issuer and a
Legg Mason Affiliate) do not present a conflict of interest for the Investment
Manager in voting proxies with respect to such issuer because: (i) the
Investment Manager operates as an independent business unit from the Legg Mason
Affiliate business units, and (ii) informational barriers exist between the
Investment Manager and the Legg Mason Affiliate business units. Franklin
Templeton employees are under an obligation to bring any conflicts of interest,
including conflicts of interest which may arise because of an attempt by a Legg
Mason Affiliate business unit or officer or employee to influence proxy voting
by the Investment Manager to the attention of Franklin Templeton&#8217;s Compliance. <br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Material conflicts of interest
could arise in a variety of situations, including as a result of the Investment
Manager&#8217;s or an affiliate&#8217;s (other than a Legg Mason Affiliate as described
above): (i) material business relationship with an issuer or proponent, (ii)
direct or indirect pecuniary interest in an issuer or proponent; or (iii)
significant personal or family relationship with an issuer or proponent. </div><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Material conflicts of interest are identified by the Proxy
Group based upon analyses of client, distributor, broker dealer, and vendor
lists, information periodically gathered from directors and officers, and
information derived from other sources, including public filings. The Proxy
Group gathers and analyzes this information on a best efforts basis, as much of
this information is provided directly by individuals and groups other than the
Proxy Group, and the Proxy Group relies on the accuracy of the information it
receives from such parties.</div><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;"><br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Nonetheless, even though a potential conflict of
interest between the Investment Manager or an affiliate
(other than a Legg Mason Affiliate as described above) and an issuer may
exist: (1) the Investment Manager may vote in opposition to the recommendations
of an issuer&#8217;s management even if contrary to the recommendations of a
third-party proxy voting research provider; (2) if management has made no
recommendations, the Proxy Group may defer to the voting instructions of the
Investment Manager; and (3) with respect to shares held by Franklin Resources,
Inc. or its affiliates for their own corporate accounts, such shares may be
voted without regard to these conflict procedures.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Otherwise, in </div><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">situations
where a material conflict of interest is identified between the Investment
Manager or one of its affiliates (other than Legg Mason
Affiliates) and an issuer, the Proxy Group may vote consistent with the
voting recommendation of a Proxy Service or send the proxy directly to the
relevant Advisory Clients with the Investment Manager&#8217;s recommendation
regarding the vote for approval.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Where the Proxy Group refers a matter to an Advisory
Client, it may rely upon the instructions of a representative of the Advisory
Client, such as the board of directors or trustees, a committee of the board,
or an appointed delegate in the case of a U.S. registered investment company, a
conducting officer in the case of a fund that has appointed FTIS S.&#224;.r.l as its
Management Company, the Independent Review Committee for Canadian investment
funds, or a plan administrator in the case of an employee benefit plan. A
quorum of the board of directors or trustees or of a committee of the board can
be reached by a majority of members, or a majority of non-recused members. The
Proxy Group may determine to vote all shares held by Advisory Clients of the
Investment Manager and affiliated Investment Managers (other
than Legg Mason Affiliates) in accordance with the instructions of one or
more of the Advisory Clients.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The Investment Manager may also decide whether to vote
proxies for securities deemed to present conflicts of interest that are sold
following a record date, but before a shareholder meeting date. The Investment
Manager may consider various factors in deciding whether to vote such proxies,
including the Investment Manager&#8217;s long-term view of the issuer&#8217;s securities
for investment, or it may defer the decision to vote to the applicable Advisory
Client. The Investment Manager also may be unable to vote, or choose not to
vote, a proxy for securities deemed to present a conflict of interest for any
of the reasons outlined in the first paragraph of the section of these policies
entitled &#8220;Proxy Procedures.&#8221;<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Where a material conflict of interest has been
identified, but the items on which the Investment Manager&#8217;s vote recommendations
differ from a Proxy Service relate specifically to (1) shareholder proposals
regarding social or environmental issues, (2) &#8220;Other Business&#8221; without
describing the matters that might be considered, or (3) items the Investment Manager
wishes to vote in opposition to the recommendations of an issuer&#8217;s management,
the Proxy Group may defer to the vote recommendations of the Investment Manager
rather than sending the proxy directly to the relevant Advisory Clients for
approval.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">To avoid certain potential conflicts of interest, the
Investment Manager will employ echo voting or pass-through voting, if possible,
in the following instances: (1) when a Franklin Templeton U.S. registered
investment company invests in an underlying fund in reliance on any one of
Sections 12(d)(1)(F), or (G) of the Investment Company Act of 1940, as amended,
(&#8220;1940 Act&#8221;), the rules thereunder, or pursuant to a U.S. Securities and
Exchange Commission (&#8220;SEC&#8221;) exemptive order thereunder; (2) when a Franklin Templeton
U.S. registered investment company invests uninvested cash in affiliated money
market funds pursuant to the rules under the 1940 Act or any exemptive orders
thereunder (&#8220;cash sweep arrangement&#8221;); or (3) when required pursuant to the
fund&#8217;s governing documents or applicable law. Echo voting means that the
Investment Manager will vote the shares in the same proportion as the vote of
all other holders of the fund&#8217;s shares. With respect to instances when a
Franklin Templeton U.S. registered investment company invests in an underlying
fund in reliance on any one of Sections 12(d)(1)(F) or (G) of the 1940 Act, the
rules thereunder, or pursuant to an SEC exemptive order thereunder, and there
are no other unaffiliated shareholders also invested in the underlying fund, the
Investment Manager will vote in accordance with the recommendation of such
investment company&#8217;s board of trustees or directors. In addition, to avoid
certain potential conflicts of interest, and where required under a fund&#8217;s
governing documents or applicable law, the Investment Manager will employ
pass-through voting when a Franklin Templeton U.S. registered investment
company invests in an underlying fund in reliance on Section 12(d)(1)(E) of the
1940 Act, the rules thereunder, or pursuant to an SEC exemptive order
thereunder. In &#8220;pass-through voting,&#8221; a feeder fund will solicit voting
instructions from its shareholders as to how to vote on the master fund&#8217;s
proposals. If a Franklin Templeton investment company becomes a holder of more
than 25% of the shares on a non-affiliated fund, as a result of a decrease in
the outstanding shares of the non-affiliated fund, then the Investment Manager
will vote the shares in the same proportion as the vote of all other holders of
the non-affiliated fund.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">In addition, with respect to an open-ended collective
investment scheme formed as a Soci&#233;t&#233; d'Investissement &#224; capital variable
(SICAV), in accordance with Luxembourg law, if one sub-fund (the &#8220;Acquirer&#8221;)
has invested in another sub-fund of the SICAV (the &#8220;Target&#8221;), then the voting
rights attached to the shares of the Target will be suspended for voting
purposes as long as they are held by the Acquirer. Similarly, in accordance
with Canadian law, Canadian mutual funds that are invested in another proprietary
mutual fund are prohibited from voting the units of the underlying fund.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Weight Given Management Recommendations<br>
<br>
</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">One of the primary factors the Investment Manager
considers when determining the desirability of investing in a particular
company is the quality and depth of that company's management. Accordingly, the
recommendation of management on any issue is a factor that the Investment
Manager considers in determining how proxies should be voted. However, the
Investment Manager does not consider recommendations from management to be
determinative of the Investment Manager's ultimate decision. Each issue is
considered on its own merits, and the Investment Manager will not support the
position of a company's management in any situation where it determines that
the ratification of management's position would adversely affect the investment
merits of owning that company's shares.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Engagement with Issuers<br>
<br>
</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The Investment Manager believes that engagement with
issuers is important to good corporate governance and to assist in making proxy
voting decisions. The Investment Manager may engage with issuers to discuss
specific ballot items to be voted on in advance of an annual or special meeting
to obtain further information or clarification on the proposals. The Investment
Manager may also engage with management on a range of environmental, social or
corporate governance issues throughout the year.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">THE PROXY GROUP<br>
<br>
</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The Proxy Group is part of the Franklin Templeton
Companies, LLC Legal Department and is overseen by legal counsel. Full- time staff
members and support staff (which includes individuals that are employees of
affiliates of Franklin Templeton Companies, LLC) are devoted to proxy voting
administration and oversight and providing support and assistance where needed.
On a daily basis, the Proxy Group will review each proxy upon receipt as well
as any agendas, materials and recommendations that they receive from a Proxy Service
or other sources. The Proxy Group maintains a record of all shareholder
meetings that are scheduled for companies whose securities are held by the
Investment Manager's managed funds and accounts. For each shareholder meeting,
a member of the Proxy Group will consult with the research analyst that follows
the security and provide the analyst with the agenda, analyses of one or more
Proxy Services, recommendations and any other information provided to the Proxy
Group. Except in situations identified as presenting material conflicts of
interest, the Investment Manager's research analyst and relevant portfolio
manager(s) are responsible for making the final voting decision based on their
review of the agenda, analyses of one or more Proxy Services, proxy statements,
their knowledge of the company and any other information publicly available.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">In situations where the Investment Manager has not
responded with vote recommendations to the Proxy Group by the deadline date,
the Proxy Group may vote consistent with the vote recommendations of a Proxy
Service. Except in cases where the Proxy Group is voting consistent with the
voting recommendation of a Proxy Service, the Proxy Group must obtain voting
instructions from the Investment Manager's research analyst, relevant portfolio
manager(s), legal counsel and/or the Advisory Client prior to submitting the
vote. In the event that an account holds a security that the Investment Manager
did not purchase on its behalf, and the Investment Manager does not normally
consider the security as a potential investment for other accounts, the Proxy
Group may vote consistent with the voting recommendations of a Proxy Service or
take no action on the meeting.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">PROXY PROCEDURES<br>
<br>
</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The Proxy Group is fully cognizant of its responsibility
to process proxies and maintain proxy records as may be required by relevant
rules and regulations. In addition, the Investment Manager understands its
fiduciary duty to vote proxies and that proxy voting decisions may affect the
value of shareholdings. Therefore, the Investment Manager will generally
attempt to process every proxy it receives for all domestic and foreign
securities. However, there may be situations in which the Investment Manager
may be unable to successfully vote a proxy, or may choose not to vote a proxy,
such as where: (i) a proxy ballot was not received from the custodian bank;
(ii) a meeting notice was received too late; (iii) there are fees imposed upon
the exercise of a vote and it is determined that such fees outweigh the benefit
of voting; (iv) there are legal encumbrances to voting, including blocking
restrictions in certain markets that preclude the ability to dispose of a
security if the Investment Manager votes a proxy or where the Investment
Manager is prohibited from voting by applicable law, economic or other
sanctions, or other regulatory or market requirements, including but not
limited to, effective Powers of Attorney; (v) additional documentation or the
disclosure of beneficial owner details is required; (vi) the Investment Manager
held shares on the record date but has sold them prior to the meeting date; (vii)
the Advisory Client held shares on the record date, but the Advisory Client
closed the account prior to the meeting date; (viii) a proxy voting service is
not offered by the custodian in the market; (ix) due to either system error or
human error, the Investment Manager&#8217;s intended vote is not correctly submitted;
(x) the Investment Manager believes it is not in the best interest of the
Advisory Client to vote the proxy for any other reason not enumerated herein;
or (xi) a security is subject to a securities lending or similar program that
has transferred legal title to the security to another person.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Even if the Investment Manager uses reasonable efforts
to vote a proxy on behalf of its Advisory Clients, such vote or proxy may be
rejected because of (a) operational or procedural issues experienced by one or
more third parties involved in voting proxies in such jurisdictions; (b)
changes in the process or agenda for the meeting by the issuer for which the
Investment Manager does not have sufficient notice; or (c) the exercise by the
issuer of its discretion to reject the vote of the Investment Manager. In
addition, despite the best efforts of the Proxy Group and its agents, there may
be situations where the Investment Manager&#8217;s votes are not received, or properly
tabulated, by an issuer or the issuer&#8217;s agent.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The Investment Manager or its affiliates may, on behalf
of one or more of the proprietary registered investment companies advised by
the Investment Manager or its affiliates, determine to use its best efforts to
recall any security on loan where the Investment Manager or its affiliates (a)
learn of a vote on a material event that may affect a security on loan and (b)
determine that it is in the best interests of such proprietary registered
investment companies to recall the security for voting purposes. The Investment
Manager will not generally make such efforts on behalf of other Advisory
Clients or notify such Advisory Clients or their custodians that the Investment
Manager or its affiliates has learned of such a vote.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">There may be instances in certain non-U.S. markets where
split voting is not allowed. Split voting occurs when a position held within an
account is voted in accordance with two differing instructions. Some markets
and/or issuers only allow voting on an entire position and do not accept split
voting. In certain cases, when more than one Franklin Templeton Investment
Manager has accounts holding shares of an issuer that are held in an omnibus
structure, the Proxy Group will seek direction from an appropriate
representative of the Advisory Client with multiple Investment Managers (such
as a conducting officer of the Management Company in the case of a SICAV), or
the Proxy Group will submit the vote based on the voting instructions provided by
the Investment Manager with accounts holding the greatest number of shares of
the security within the omnibus structure.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The Investment Manager may vote against an agenda item
where no further information is provided, particularly in non-U.S. markets. For
example, if "Other Business" is listed on the agenda with no further
information included in the proxy materials, the Investment Manager may vote
against the item as no information has been provided prior to the meeting in
order to make an informed decision. The Investment Manager may also enter a
"withhold" vote on the election of certain directors from time to
time based on individual situations, particularly where the Investment Manager
is not in favor of electing a director and there is no provision for voting
against such director.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">If several issues are bundled together in a single
voting item, the Investment Manager will assess the total benefit to
shareholders and the extent that such issues should be subject to separate
voting proposals.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The following describes the standard procedures that are
to be followed with respect to carrying out the Investment Manager's proxy
policy:<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">1. The Proxy Group will identify all Advisory Clients,
maintain a list of those clients, and indicate those Advisory Clients who have
delegated proxy voting authority in writing to the Investment Manager. The
Proxy Group will periodically review and update this list. If the agreement
with an Advisory Client permits the Advisory Client to provide instructions to
the Investment Manager regarding how to vote the client&#8217;s shares, the Investment
Manager will make a best-efforts attempt to vote per the Advisory Client&#8217;s
instructions.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">2. All relevant information in the proxy materials
received (e.g., the record date of the meeting) will be recorded promptly by
the Proxy Group to maintain control over such materials.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">3. The Proxy Group will review and compile information
on each proxy upon receipt of any agendas, materials, reports, recommendations
from a Proxy Service, or other information. The Proxy Group will then forward
(or otherwise make available) this information to the appropriate research
analyst for review and voting instructions.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">4. In determining how to vote, the Investment Manager's
analysts and relevant portfolio manager(s) will consider their in-depth knowledge
of the company, any readily available information and research about the
company and its agenda items, and the recommendations of a Proxy Service.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">5. The Proxy Group is responsible for maintaining the
documentation that supports the Investment Manager&#8217;s voting decision. Such
documentation may include, but is not limited to, any information provided by a
Proxy Service and, with respect to an issuer that presents a potential conflict
of interest, any board or audit committee memoranda describing the position it
has taken. Additionally, the Proxy Group may include documentation obtained
from the research analyst, portfolio manager and/or legal counsel; however, the
relevant research analyst may, but is not required to, maintain additional documentation
that was used or created as part of the analysis to reach a voting decision,
such as certain financial statements of an issuer, press releases, or notes
from discussions with an issuer&#8217;s management.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">6. After the proxy is completed but before it is
returned to the issuer and/or its agent, the Proxy Group may review those
situations including special or unique documentation to determine that the
appropriate documentation has been created, including conflict of interest screening.
If the Proxy Group learns that an issuer has filed additional solicitation materials
sufficiently prior to the submission deadline, the Proxy Group will disseminate
this information to the Investment Manager so that the Investment Manager may
consider this information and determine whether it is material to its voting
decision.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">7. The Proxy Group will make every effort to submit the
Investment Manager's vote on all proxies to ISS by the cut-off date. However,
in certain foreign jurisdictions or instances where the Proxy Group did not
receive sufficient notice of the meeting, the Proxy Group will use its best
efforts to send the voting instructions to ISS in time for the vote to be
processed.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">8. With respect to proprietary products, the Proxy Group
will file Powers of Attorney in all jurisdictions that require such
documentation on a best efforts basis; the Proxy Group does not have authority
to file Powers of Attorney on behalf of other Advisory Clients. On occasion,
the Investment Manager may wish to attend and vote at a shareholder meeting in
person. In such cases, the Proxy Group will use its best efforts to facilitate
the attendance of the designated Franklin Templeton employee by coordinating
with the relevant custodian bank.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">9. The Proxy Group prepares reports for each separate
account client that has requested a record of votes cast. The report specifies
the proxy issues that have been voted for the Advisory Client during the
requested period and the position taken with respect to each issue. The Proxy
Group sends one copy to the Advisory Client, retains a copy in the Proxy Group&#8217;s
files and forwards a copy to either the appropriate portfolio manager or the
client service representative. While many Advisory Clients prefer quarterly or
annual reports, the Proxy Group will provide reports for any timeframe requested
by an Advisory Client.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">10. If the Franklin Templeton Services, LLC Global Trade
Services learns of a vote that may affect a security on loan from a proprietary
registered investment company, Global Trade Services will notify the Investment
Manager. If the Investment Manager decides that the vote is material and it
would be in the best interests of shareholders to recall the security, the
Investment Manager will advise Global Trade Services to contact the lending agent
in an effort to retrieve the security. If so requested by the Investment
Manager, Global Trade Services shall use its best efforts to recall any
security on loan and will use other practicable and legally enforceable means
to ensure that the Investment Manager is able to vote proxies for proprietary
registered investment companies with respect to such loaned securities.
However, there can be no guarantee that the securities can be retrieved for
such purposes. Global Trade Services will advise the Proxy Group of all recalled
securities. Many Advisory Clients have entered into securities lending
arrangements with agent lenders to generate additional revenue. Under normal
circumstances, the Investment Manager will not make efforts to recall any
security on loan for voting purposes on behalf of other Advisory Clients or
notify such clients or their custodians that the Investment Manager or its
affiliates have learned of such a vote.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">11. The Proxy Group participates in Franklin Templeton
Investment&#8217;s Business Continuity and Disaster Preparedness programs. The Proxy
Group will conduct disaster recovery testing on a periodic basis in an effort
to ensure continued operations of the Proxy Group in the event of a disaster.
Should the Proxy Group not be fully operational, then the Proxy Group may instruct
ISS to vote all meetings immediately due per the recommendations of the
appropriate third-party proxy voting service provider.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">12. The Proxy Group, in conjunction with legal staff responsible
for coordinating Fund disclosure, on a timely basis, will file all required
Form N-PXs, with respect to proprietary U.S. registered investment companies,
disclose that each U.S.-registered fund&#8217;s proxy voting record is available on
the Franklin Templeton web site, and will make available the information
disclosed in each fund&#8217;s Form N-PX as soon as is reasonably practicable after
filing Form N-PX with the SEC. The Proxy Group will work with legal staff in
other jurisdictions, as needed, to help support required proxy voting disclosure
in such markets.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">13. The Proxy Group, in conjunction with legal staff
responsible for coordinating Fund disclosure, will ensure that all required
disclosure about proxy voting of the proprietary U.S. registered investment
companies is made in such clients&#8217; disclosure documents.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">14. The Proxy Group is subject to periodic review by
Internal Audit and compliance groups.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">15. The Investment Manager will review the guidelines of
each Proxy Service, with special emphasis on the factors they use with respect
to proxy voting recommendations.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">16. The Proxy Group will update the proxy voting
policies and procedures as necessary for review and approval by legal,
compliance, investment officers, and/or other relevant staff.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">17. The Proxy Group will familiarize itself with the procedures
of ISS that govern the transmission of proxy voting information from the Proxy
Group to ISS and periodically review how well this process is functioning. The
Proxy Group, in conjunction with the compliance department, will conduct periodic
due diligence reviews of each Proxy Service via on-site visits or by written
questionnaires. As part of the periodic due diligence process, the Investment
Manager assesses the adequacy and quality of each Proxy Service&#8217;s staffing and
personnel to ensure each Proxy Service has the capacity and competency to adequately
analyze proxy issues and the ability to make proxy voting recommendations based
on materially accurate information. In the event the Investment Manager
discovers an error in the research or voting recommendations provided by a
Proxy Service, it will take reasonable steps to investigate the error and seek
to determine whether the Proxy Service is taking reasonable steps to reduce
similar errors in the future. In addition, the Investment Manager assesses the
robustness of Proxy Service&#8217;s policies regarding (1) ensuring proxy voting
recommendations are based on current and accurate information, and (2)
identifying and addressing any conflicts of interest. The Investment Manager
also considers the independence of each Proxy Service on an on-going basis.<br>
<br>
<br>
<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">18. The Proxy Group will investigate, or cause others to
investigate, any and all instances where these Procedures have been violated or
there is evidence that they are not being followed. Based upon the findings of
these investigations, the Proxy Group, if practicable, will recommend
amendments to these Procedures to minimize the likelihood of the reoccurrence
of non-compliance.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">19. At least annually, the Proxy Group will verify that:<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">a. A sampling of proxies received by Franklin Templeton
Investments has been voted in a manner consistent with the Proxy Voting
Policies and Procedures;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">b. A sampling of proxies received by Franklin Templeton
Investments has been voted in accordance with the instructions of the Investment
Manager;<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">c. Adequate disclosure has been made to clients and fund
shareholders about the procedures and how proxies were voted in markets where
such disclosures are required by law or regulation; and<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">d. Timely filings were made with applicable regulators,
as required by law or regulation, related to proxy voting.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The Proxy Group is responsible for maintaining
appropriate proxy voting records. Such records will include, but are not limited
to, a copy of all materials returned to the issuer and/or its agent, the
documentation described above, listings of proxies voted by issuer and by
client, each written client request for proxy voting policies/records and the
Investment Manager&#8217;s written response to any client request for such records,
and any other relevant information. The Proxy Group may use an outside service
such as ISS to support this recordkeeping function. All records will be
retained in either hard copy or electronic format for at least five years, the
first two of which will be on-site. Advisory Clients may request copies of
their proxy voting records by calling the Proxy Group collect at
1-954-527-7678, or by sending a written request to: Franklin Templeton
Companies, LLC, 300 S.E. 2nd Street, Fort Lauderdale, FL 33301, Attention:
Proxy Group. The Investment Manager does not disclose to third parties (other
than ISS) the proxy voting records of its Advisory Clients, except to the
extent such disclosure is required by applicable law or regulation or court
order. Advisory Clients may review the Investment Manager's proxy voting
policies and procedures on-line at www.franklintempleton.com and may request
additional copies by calling the number above. For U.S. proprietary registered
investment companies, an annual proxy voting record for the period ending June
30 of each year will be posted to www.franklintempleton.com no later than
August 31 of each year. For proprietary Canadian mutual fund products, an
annual proxy voting record for the period ending June 30 of each year will be
posted to www.franklintempleton.ca no later than August 31 of each year. For
proprietary Australian mutual fund products, an annual proxy voting record for
the period ending June 30 of each year will be posted to www.franklintempleton.com.au no
later than September 30 of each year. The Proxy Group will periodically review
the web site posting and update the posting when necessary. In addition, the
Proxy Group is responsible for ensuring that the proxy voting policies, procedures
and records of the Investment Manager are available as required by law and is
responsible for overseeing the filing of such U.S. registered investment
company voting records with the SEC.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">PROCEDURES FOR MEETINGS INVOLVING FIXED INCOME
SECURITIES &amp; PRIVATELY HELD ISSUERS<br>
<br>
</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">From time to time, certain custodians may process events
for fixed income securities through their proxy voting channels rather than
corporate action channels for administrative convenience. In such cases, the Proxy
Group will receive ballots for such events on the ISS voting platform. The
Proxy Group will solicit voting instructions from the Investment Manager for
each account or fund involved. If the Proxy Group does not receive voting
instructions from the Investment Manager, the Proxy Group will take no action
on the event. The Investment Manager may be unable to vote a proxy for a fixed
income security, or may choose not to vote a proxy, for the reasons described
under the section entitled &#8220;Proxy Procedures.&#8221;<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">In the rare instance where there is a vote for a
privately held issuer, the decision will generally be made by the relevant
portfolio managers or research analysts.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The Proxy Group will monitor such meetings involving
fixed income securities or privately held issuers for conflicts of interest in accordance
with these procedures. If a fixed income or privately held issuer is flagged as
a potential conflict of interest, the Investment Manager may nonetheless vote
as it deems in the best interests of its Advisory Clients. The Investment
Manager will report such decisions on an annual basis to Advisory Clients as
may be required.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The ISS proxy voting guidelines can be found at: https://www.issgovernance.com/policy-gateway/voting-policies/.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The Glass Lewis proxy voting guidelines can be found at:
https://www.glasslewis.com/voting-policies-current/.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: -45.0pt;margin-right: 0in;margin-left: 45.0pt;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Item
8. Portfolio Managers of Closed-End Management Investment Companies.</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">(a)(1)&#160; As of October 28, 2021, the portfolio managers
of the Fund is as follows:</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">GLENN I. VOYLES CFA</div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">, <i>Senior Vice
President of Advisers</i></div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Mr. Voyles has been a manager of the Fund since 1999, providing
research and advice on the purchases and sales of individual securities, and
portfolio risk assessment for the global income component of the Fund. He joined
Franklin Templeton Investments in 1993.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">JONATHAN G. BELK CFA</div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">, <i>Portfolio Manager
of Advisers</i></div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Mr. Belk has been a portfolio manager of the Fund since
August 2020. He joined Franklin Templeton in 2004.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">CFA and Chartered Financial Analyst are trademarks owned
by CFA Institute.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">(a)(2)&#160; This section reflects information about the
portfolio managers as of the fiscal year ended August 31, 2021.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The following table shows the number of other accounts
managed by each portfolio manager and the total assets in the accounts managed
within each category:</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></div>

<table border="1" cellspacing="0" cellpadding="0" width="0" style="border-collapse: collapse;border: none">
 <tr style="height: 94.0pt">
  <td width="85" valign="top" style="width: 63.9pt;border: solid windowtext 1.0pt;background: #A6A6A6;padding: 0in 5.4pt 0in 5.4pt;height: 94.0pt">
  <div style="font-size: 10.0pt;font-family: &quot;New York&quot;,serif;mso-style-name: &quot;TOC\.Text&quot;;line-height: normal;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>
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  <div style="font-size: 10.0pt;font-family: &quot;New York&quot;,serif;mso-style-name: &quot;TOC\.Text&quot;;line-height: normal;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>
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  <div style="font-size: 10.0pt;font-family: &quot;New York&quot;,serif;mso-style-name: &quot;TOC\.Text&quot;;line-height: normal;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>
  <div style="font-size: 10.0pt;font-family: &quot;New York&quot;,serif;mso-style-name: &quot;TOC\.Text&quot;;line-height: normal;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>
  <div style="font-size: 10.0pt;font-family: &quot;New York&quot;,serif;mso-style-name: &quot;TOC\.Text&quot;;line-height: normal;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>
  <div style="font-size: 10.0pt;font-family: &quot;New York&quot;,serif;mso-style-name: &quot;TOC\.Text&quot;;line-height: normal;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;font-family: &quot;Courier New&quot;;display: inline;">Name</div></div>
  </td>
  <td width="102" valign="top" style="width: 76.5pt;border: solid windowtext 1.0pt;border-left: none;background: #A6A6A6;padding: 0in 5.4pt 0in 5.4pt;height: 94.0pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">&#160;</div></div>
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">Number of Other Registered
  Investment Companies Managed<sup>1</sup></div></div>
  <div style="font-size: 12.0pt;font-family: &quot;Arial Unicode MS&quot;,serif;line-height: normal;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: 1em;"><div style="font-size: 9.0pt;font-family: &quot;Courier New&quot;;display: inline">&#160;</div></div>
  </td>
  <td width="108" colspan="2" valign="top" style="width: 81.0pt;border: solid windowtext 1.0pt;border-left: none;background: #A6A6A6;padding: 0in 5.4pt 0in 5.4pt;height: 94.0pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">Assets of Other Registered
  Investment Companies Managed</div></div>
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">(x $1 million)<sup>1</sup></div></div>
  </td>
  <td width="84" colspan="2" valign="top" style="width: 63.0pt;border: solid windowtext 1.0pt;border-left: none;background: #A6A6A6;padding: 0in 5.4pt 0in 5.4pt;height: 94.0pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">&#160;</div></div>
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">&#160;</div></div>
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">Number of Other Pooled
  Investment Vehicles Managed<sup>1</sup></div></div>
  </td>
  <td width="90" valign="top" style="width: 67.5pt;border: solid windowtext 1.0pt;border-left: none;background: #A6A6A6;padding: 0in 5.4pt 0in 5.4pt;height: 94.0pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">Assets of Other Pooled
  Investment Vehicles Managed</div></div>
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">(x $1 million)<sup>1</sup></div></div>
  </td>
  <td width="82" valign="top" style="width: 61.55pt;border: solid windowtext 1.0pt;border-left: none;background: #A6A6A6;padding: 0in 5.4pt 0in 5.4pt;height: 94.0pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">&#160;</div></div>
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">&#160;</div></div>
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">&#160;</div></div>
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">&#160;</div></div>
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">Number of Other Accounts
  Managed<sup>1</sup></div></div>
  </td>
  <td width="75" valign="top" style="width: 56.4pt;border: solid windowtext 1.0pt;border-left: none;background: #A6A6A6;padding: 0in 5.4pt 0in 5.4pt;height: 94.0pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">&#160;</div></div>
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">&#160;</div></div>
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">Assets of Other Accounts
  Managed</div></div>
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">(x $1 million)<sup>1</sup></div></div>
  </td>
 </tr>
 <tr>
  <td width="85" valign="top" style="width: 63.9pt;border: solid windowtext 1.0pt;border-top: none;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Glenn
  I. Voyles</div></div>
  </td>
  <td width="104" colspan="2" valign="top" style="width: 78.15pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">4</div></div>
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">&#160;</div></div>
  </td>
  <td width="106" valign="top" style="width: 79.35pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">4,146.3</div></div>
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">&#160;</div></div>
  </td>
  <td width="83" valign="top" style="width: 62.35pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">5</div></div>
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">&#160;</div></div>
  </td>
  <td width="91" colspan="2" valign="top" style="width: 68.15pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">1,441.6</div></div>
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">&#160;</div></div>
  </td>
  <td width="82" valign="top" style="width: 61.55pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">6</div></div>
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">&#160;</div></div>
  </td>
  <td width="75" valign="top" style="width: 56.4pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">69.8</div></div>
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">&#160;</div></div>
  </td>
 </tr>
 <tr>
  <td width="85" valign="top" style="width: 63.9pt;border: solid windowtext 1.0pt;border-top: none;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Jonathan
  G. Belk</div></div>
  </td>
  <td width="104" colspan="2" valign="top" style="width: 78.15pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">2</div></div>
  </td>
  <td width="106" valign="top" style="width: 79.35pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">639.1</div></div>
  </td>
  <td width="83" valign="top" style="width: 62.35pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;layout-grid-mode: line;display: inline;">-</div></div>
  </td>
  <td width="91" colspan="2" valign="top" style="width: 68.15pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">-</div></div>
  </td>
  <td width="82" valign="top" style="width: 61.55pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">-</div></div>
  </td>
  <td width="75" valign="top" style="width: 56.4pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 9.0pt;display: inline;">-</div></div>
  </td>
 </tr>
 <tr height="0">
  <td width="85" style="border: none"></td>
  <td width="102" style="border: none"></td>
  <td width="2" style="border: none"></td>
  <td width="106" style="border: none"></td>
  <td width="83" style="border: none"></td>
  <td width="1" style="border: none"></td>
  <td width="90" style="border: none"></td>
  <td width="82" style="border: none"></td>
  <td width="75" style="border: none"></td>
 </tr>
</table>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;layout-grid-mode: line">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: -19.2pt;margin-right: 0in;margin-left: 37.2pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 8.0pt;font-family: &quot;Courier New&quot;;display: inline;">1.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;
</div></div><div style="font-size: 8.0pt;font-family: &quot;Courier New&quot;;display: inline;">The
various pooled investment vehicles and accounts listed are managed by a team of
investment professionals.&#160; Accordingly, the individual managers listed would
not be solely responsible for managing such listed amounts.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Portfolio managers that provide investment services to
the Fund may also provide services to a variety of other investment products,
including other funds, institutional accounts and private accounts.&#160; The
advisory fees for some of such other products and accounts may be different
than that charged to the Fund and may include performance based compensation
(as noted, in the chart above, if any).&#160; This may result in fees that are
higher (or lower) than the advisory fees paid by the Fund. As a matter of policy,
each fund or account is managed solely for the benefit of the beneficial owners
thereof. As discussed below, the separation of the trading execution function
from the portfolio management function and the application of objectively based
trade allocation procedures help to mitigate potential conflicts of interest
that may arise as a result of the portfolio managers managing accounts with different
advisory fees.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><i><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Conflicts.&#160; </div></i><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The management of multiple
funds, including the Fund, and accounts may also give rise to potential
conflicts of interest if the funds and other accounts have different
objectives, benchmarks, time horizons, and fees as the portfolio manager must
allocate his or her time and investment ideas across multiple funds and
accounts. The investment manager seeks to manage such competing interests for
the time and attention of portfolio managers by having portfolio managers focus
on a particular investment discipline.&#160; Most other accounts managed by a
portfolio manager are managed using the same investment strategies that are
used in connection with the management of the Fund.&#160; Accordingly, portfolio
holdings, position sizes, and industry and sector exposures tend to be similar
across similar portfolios, which may minimize the potential for conflicts of
interest. As noted above, the separate management of the trade execution and
valuation functions from the portfolio management process also helps to reduce
potential conflicts of interest. However, securities selected for funds or
accounts other than the Fund may outperform the securities selected for the
Fund. Moreover, if a portfolio manager identifies a limited investment opportunity
that may be suitable for more than one fund or other account, the Fund may not
be able to take full advantage of that opportunity due to an allocation of that
opportunity across all eligible funds and other accounts. The investment
manager seeks to manage such potential conflicts by using procedures intended
to provide a fair allocation of buy and sell opportunities among funds and
other accounts.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The structure of a portfolio manager&#8217;s compensation may
give rise to potential conflicts of interest. A portfolio manager&#8217;s base pay
and bonus tend to increase with additional and more complex responsibilities
that include increased assets under management.&#160; As such, there may be an
indirect relationship between a portfolio manager&#8217;s marketing or sales efforts
and his or her bonus.&#160; </div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Finally, the management of personal accounts by a
portfolio manager may give rise to potential conflicts of interest.&#160; While the
funds and the manager have adopted a code of ethics which they believe contains
provisions reasonably necessary to prevent a wide range of prohibited
activities by portfolio managers and others with respect to their personal
trading activities, there can be no assurance that the code of ethics addresses
all individual conduct that could result in conflicts of interest.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">The manager and the Fund have adopted certain compliance
procedures that are designed to address these, and other, types of conflicts.&#160;
However, there is no guarantee that such procedures will detect each and every
situation where a conflict arises.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><i><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Compensation.</div></i><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160; The investment manager
seeks to maintain a compensation program that is competitively positioned to
attract, retain and motivate top-quality investment professionals. Portfolio
managers receive a base salary, a cash incentive bonus opportunity, an equity
compensation opportunity, and a benefits package. Portfolio manager
compensation is reviewed annually and the level of compensation is based on
individual performance, the salary range for a portfolio manager&#8217;s level of
responsibility and Franklin Templeton guidelines. Portfolio managers are
provided no financial incentive to favor one fund or account over another. Each
portfolio manager&#8217;s compensation consists of the following three elements:<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 18.75pt;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Base salary</div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160; Each portfolio manager is paid a base salary.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 18.75pt;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Annual bonus</div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160; Annual bonuses are structured to align the
interests of the portfolio manager with those of the Fund&#8217;s shareholders. Each
portfolio manager is eligible to receive an annual bonus. Bonuses generally are
split between cash (50% to 65%) and restricted shares of Resources stock (17.5%
to 25%) and mutual fund shares (17.5% to 25%). The deferred equity-based
compensation is intended to build a vested interest of the portfolio manager in
the financial performance of both Resources and mutual funds advised by the investment
manager. The bonus plan is intended to provide a competitive level of annual
bonus compensation that is tied to the portfolio manager achieving consistently
strong investment performance, which aligns the financial incentives of the
portfolio manager and Fund shareholders. The Chief Investment Officer of the
investment manager and/or other officers of the investment manager, with
responsibility for the Fund, have discretion in the granting of annual bonuses
to portfolio managers in accordance with Franklin Templeton guidelines. The
following factors are generally used in determining bonuses under the plan:<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 18.75pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<ul style="margin-bottom: 0in;margin-top: 0in" type="disc">
 <li style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 7.5pt;margin-bottom: .0001pt"><i><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Investment performance.</div></i><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;"> Primary
     consideration is given to the historic investment performance over the 1,
     3 and 5 preceding years of all accounts managed by the portfolio manager.
     The pre-tax performance of each fund managed is measured relative to a relevant
     peer group and/or applicable benchmark as appropriate.</div></li>
 <li style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 7.5pt;margin-bottom: .0001pt"><i><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Non-investment
     performance.</div></i><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;"> The more qualitative contributions of the
     portfolio manager to the investment manager&#8217;s business and the investment
     management team, including professional knowledge, productivity,
     responsiveness to client needs and communication, are evaluated in
     determining the amount of any bonus award.</div></li>
 <li style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 7.5pt;margin-bottom: .0001pt"><i><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Responsibilities.</div></i><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;"> The
     characteristics and complexity of funds managed by the portfolio manager
     are factored in the investment manager&#8217;s appraisal.<br>
     <br>
     </div></li>
</ul>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 18.75pt;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Additional long-term equity-based compensation</div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;"> &#160; Portfolio managers
may also be awarded restricted shares or units of Resources stock or restricted
shares or units of one or more mutual funds. Awards of such deferred
equity-based compensation typically vest over time, so as to create incentives
to retain key talent.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: .25in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Benefits</div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;"> Portfolio managers also participate in benefit
plans and programs available generally to all employees of the investment
manager.<br>
<br>
</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><i><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Ownership
of Fund shares.</div></i><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">
&#160; The investment manager has a policy of encouraging portfolio managers to
invest in the funds they manage. Exceptions arise when, for example, a fund is
closed to new investors or when tax considerations or jurisdictional
constraints cause such an investment to be inappropriate for the portfolio
manager. The following is the dollar range of Fund shares beneficially owned by
the portfolio manager (such amounts may change from time to time):<br>
<br>
</div></div>

<table border="1" cellspacing="0" cellpadding="0" style="border-collapse: collapse;border: none;margin-left: 35.75pt">
 <tr>
  <td width="204" valign="top" style="width: 153.0pt;border: solid windowtext 1.0pt;background: #A6A6A6;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></div>
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></div>
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Portfolio
  Manager</div></div>
  </td>
  <td width="204" valign="top" style="width: 153.0pt;border: solid windowtext 1.0pt;border-left: none;background: #A6A6A6;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Dollar
  Range of Fund Shares Beneficially Owned</div></div>
  </td>
 </tr>
 <tr>
  <td width="204" valign="top" style="width: 153.0pt;border: solid windowtext 1.0pt;border-top: none;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Glenn I. Voyles</div></div>
  </td>
  <td width="204" valign="top" style="width: 153.0pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">None</div></div>
  </td>
 </tr>
 <tr>
  <td width="204" valign="top" style="width: 153.0pt;border: solid windowtext 1.0pt;border-top: none;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">Johnathan G. Belk</div></div>
  </td>
  <td width="204" valign="top" style="width: 153.0pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">None</div></div>
  </td>
 </tr>
</table>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Item
9. Purchases of Equity Securities by Closed-End Management Investment Company
and</div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;"> <b>Affiliated
Purchasers. &#160;&#160;&#160;&#160;&#160;&#160; N/A</b></div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Item
10. Submission of Matters to a Vote of Security Holders.</div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;"> </div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">There
have been no changes to the procedures by which shareholders may recommend nominees
to the Registrant's Board of Trustees that would require disclosure herein.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Item
11. Controls and Procedures.</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .5in;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">(a)</div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160; <b><u>Evaluation of
Disclosure Controls and Procedures</u></b>.&#160; The Registrant maintains
disclosure controls and procedures that are designed to provide reasonable
assurance that information required to be disclosed in the Registrant&#8217;s filings
under the Securities Exchange Act of 1934, as amended, and the Investment
Company Act of 1940 is recorded, processed, summarized and reported within the
periods specified in the rules and forms of the Securities and Exchange
Commission. Such information is accumulated and communicated to the
Registrant&#8217;s management, including its principal executive officer and
principal financial officer, as appropriate, to allow timely decisions
regarding required disclosure. The Registrant&#8217;s management, including the
principal executive officer and the principal financial officer, recognizes
that any set of controls and procedures, no matter how well designed and operated,
can provide only reasonable assurance of achieving the desired control
objectives.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Within
90 days prior to the filing date of this Shareholder Report on
Form&#160;N-CSR,&#160;the Registrant had carried out an evaluation, under the
supervision and with the participation of the Registrant&#8217;s management, including
the Registrant&#8217;s principal executive officer and the Registrant&#8217;s principal
financial officer, of the effectiveness of the design and operation of the
Registrant&#8217;s disclosure controls and procedures. Based on such evaluation, the
Registrant&#8217;s principal executive officer and principal financial officer
concluded that the Registrant&#8217;s disclosure controls and procedures are
effective.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">(b)&#160;&#160; <u>Changes
in Internal Controls</u></div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">.&#160; There have been no changes in the Registrant&#8217;s internal
control over financial reporting that occurred during the period covered by
this report that has materially affected, or is reasonably likely to materially
affect the internal control over financial reporting.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Item
12. Disclosure of Securities Lending Activities for Closed-End Management Investment
Company.</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-autospace: none;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Securities lending agent</div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;"> The board of trustees has
approved the Fund&#8217;s participation in a securities lending program. Under the
securities lending program, Bank of New York Mellon serves as the Fund&#8217;s
securities lending agent. </div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-autospace: none;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-autospace: none;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-autospace: none;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">For the fiscal year ended August 31, 2021, the
income earned by the Fund as well as the fees and/or compensation paid by the
Fund in dollars pursuant to a securities lending agreement between the Trust with
respect to the Fund and the Securities Lending Agent were as follows (figures
may differ from those shown in shareholder reports due to time of availability
and use of estimates):</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<table border="0" cellspacing="0" cellpadding="0" style="border-collapse: collapse">
 <tr>
  <td width="474" valign="top" style="width: 355.75pt;border: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;color: black;layout-grid-mode: line;display: inline;">Gross income earned by the Fund
  from&#160;securities lending activities</div></b></div>
  </td>
  <td width="116" valign="top" style="width: 87.05pt;border: solid windowtext 1.0pt;border-left: none;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;color: black;layout-grid-mode: line;display: inline;">$3,055</div></div>
  </td>
 </tr>
 <tr>
  <td width="474" valign="top" style="width: 355.75pt;border: solid windowtext 1.0pt;border-top: none;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><i><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;color: black;layout-grid-mode: line;display: inline;">Fees and/or compensation paid by the Fund
  for securities lending activities and related services</div></i></div>
  </td>
  <td width="116" valign="top" style="width: 87.05pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;</div></div>
  </td>
 </tr>
 <tr>
  <td width="474" valign="top" style="width: 355.75pt;border: solid windowtext 1.0pt;border-top: none;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: .25in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;color: black;layout-grid-mode: line;display: inline;">Fees paid to
  Securities Lending Agent from revenue split</div></div>
  </td>
  <td width="116" valign="top" style="width: 87.05pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;color: black;layout-grid-mode: line;display: inline;">$267</div></div>
  </td>
 </tr>
 <tr>
  <td width="474" valign="top" style="width: 355.75pt;border: solid windowtext 1.0pt;border-top: none;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: .25in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;color: black;layout-grid-mode: line;display: inline;">Fees paid for
  any cash collateral management service (including fees deducted from a pooled
  cash collateral reinvestment vehicle) not included in a revenue split</div><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">&#160;
  </div></div>
  </td>
  <td width="116" valign="top" style="width: 87.05pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">-</div></div>
  </td>
 </tr>
 <tr>
  <td width="474" valign="top" style="width: 355.75pt;border: solid windowtext 1.0pt;border-top: none;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: .25in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;color: black;layout-grid-mode: line;display: inline;">Administrative
  fees not included in a revenue split</div></div>
  </td>
  <td width="116" valign="top" style="width: 87.05pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">-</div></div>
  </td>
 </tr>
 <tr>
  <td width="474" valign="top" style="width: 355.75pt;border: solid windowtext 1.0pt;border-top: none;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: .25in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;color: black;layout-grid-mode: line;display: inline;">Indemnification
  fees not included in a revenue split</div><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;"> </div></div>
  </td>
  <td width="116" valign="top" style="width: 87.05pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">-</div></div>
  </td>
 </tr>
 <tr>
  <td width="474" valign="top" style="width: 355.75pt;border: solid windowtext 1.0pt;border-top: none;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: .25in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;color: black;layout-grid-mode: line;display: inline;">Rebate (paid to
  borrower)</div></div>
  </td>
  <td width="116" valign="top" style="width: 87.05pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">-</div></div>
  </td>
 </tr>
 <tr>
  <td width="474" valign="top" style="width: 355.75pt;border: solid windowtext 1.0pt;border-top: none;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: .25in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;color: black;layout-grid-mode: line;display: inline;">Other fees not
  included above</div></div>
  </td>
  <td width="116" valign="top" style="width: 87.05pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Courier New&quot;;layout-grid-mode: line;display: inline;">-</div></div>
  </td>
 </tr>
 <tr>
  <td width="474" valign="top" style="width: 355.75pt;border: solid windowtext 1.0pt;border-top: none;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;color: black;layout-grid-mode: line;display: inline;">Aggregate fees/compensation paid by the
  Fund for securities lending activities</div></b></div>
  </td>
  <td width="116" valign="top" style="width: 87.05pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;color: black;layout-grid-mode: line;display: inline;">$267</div></div>
  </td>
 </tr>
 <tr>
  <td width="474" valign="top" style="width: 355.75pt;border: solid windowtext 1.0pt;border-top: none;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;color: black;layout-grid-mode: line;display: inline;">Net income from securities lending
  activities</div></b></div>
  </td>
  <td width="116" valign="top" style="width: 87.05pt;border-top: none;border-left: none;border-bottom: solid windowtext 1.0pt;border-right: solid windowtext 1.0pt;padding: 0in 5.4pt 0in 5.4pt">
  <div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;color: black;layout-grid-mode: line;display: inline;">$2,788</div></div>
  </td>
 </tr>
</table>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

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<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Item
13. Exhibits.</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">(a)(1)
</div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Code of
Ethics</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;"><a href="codeofethics.htm">codeofethics</a></div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">(a)
(2)</div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;"> Certifications
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of Matthew T. Hinkle,
Chief Executive Officer - Finance and Administration, and Jeffrey W. White, Interim
Chief Financial Officer, Chief Accounting Officer and Treasurer</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;"><a href="fut302.htm">section302</a></div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">(b)
</div></b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Certifications
pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 of Matthew T. Hinkle,
Chief Executive Officer - Finance and Administration, and Jeffrey W. White, Interim
Chief Financial Officer, Chief Accounting Officer and Treasurer</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;"><a href="fut906.htm">section906</a></div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></b></div>

<div align="center" style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;text-align: center;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">SIGNATURES</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Pursuant
to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">FRANKLIN</div></b><b><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;"> UNIVERSAL TRUST</div></b></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">By <u>S\MATTHEW
T. HINKLE</u>_______________________</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160; </div><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Matthew T. Hinkle</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160; Chief
Executive Officer &#8211; Finance and Administration</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;layout-grid-mode: char;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Date October 28, 2021</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Pursuant
to the requirements of the Securities Exchange Act of 1934 and the Investment
Company Act of 1940, this report has been signed below by the following persons
on behalf of the registrant and in the capacities and on the dates indicated.</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">By <u>S\MATTHEW
T. HINKLE</u>_______________________</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160; </div><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Matthew T. Hinkle</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160; Chief
Executive Officer &#8211; Finance and Administration</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;layout-grid-mode: char;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Date October 28, 2021</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">&#160;</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">By <u>S\Jeffrey
W. White</u>______________________</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: .5in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Jeffrey W. White</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: .5in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Interim Chief Financial Officer, Chief Accounting
Officer and Treasurer</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;layout-grid-mode: char;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;font-family: &quot;Courier New&quot;;display: inline;">Date October 28, 2021</div></div>

<div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-right: 0in;margin-left: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

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<DOCUMENT>
<TYPE>EX-99.CODE ETH
<SEQUENCE>2
<FILENAME>codeofethics.htm
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<div style="text-autospace: none;font-size: 16.0pt;font-family: &quot;Arial&quot;,sans-serif;font-weight: bold;margin-top: 4.0pt;margin-right: 63.1pt;margin-bottom: .0001pt;margin-left: 28.0pt"><div style="position: absolute;z-index: 15729152;left: 0px;width: 515px;height: 1px;margin-left: 207px;margin-top: 70px;display: inline;"><div style="background-color: transparent;background-repeat: no-repeat;background-size: cover;height: 1px;width: 515px;background-image:url(data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAgMAAAABCAMAAAEDVW3RAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAGUExURQAAAAAAAKVnuc8AAAACdFJOU/8A5bcwSgAAAAlwSFlzAAAOwwAADsMBx2+oZAAAAA5JREFUKFNjGAWjgIEBAAIHAAHb64kqAAAAAElFTkSuQmCC)"></div></div>Code of Ethics for
Principal Executives &amp; Senior Financial Officers</div>

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<h1 align="center" style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: center;margin-top: 0in;margin-right: 114.3pt;margin-bottom: .0001pt;margin-left: 107.65pt">FRANKLIN TEMPLETON FUNDS</h1>

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<div align="center" style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: center;line-height: 186%;margin-left: 107.65pt;margin-right: 117.6pt;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 12.0pt;line-height: 186%;display: inline;">CODE OF ETHICS FOR PRINCIPAL
EXECUTIVES AND SENIOR FINANCIAL
OFFICERS</div></b></div>

<h2 style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;font-weight: normal;text-indent: -35.5pt;margin-top: 11.45pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 64.0pt">I.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div>Covered Officers and Purpose of the<div style="letter-spacing: -.1pt;display: inline;"> </div>Code</h2>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .5pt;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;text-indent: .5in;margin-left: 27.95pt;margin-right: 37.85pt;margin-top: 0in;margin-bottom: .0001pt">This code of ethics (the "Code") applies to the Principal
Executive Officers, Principal Financial Officer and Principal Accounting
Officer (the "Covered Officers," each of whom is set forth in Exhibit
A) of each investment company advised by a Franklin Resources subsidiary and
that is registered with the United States Securities &amp; Exchange Commission
(&#8220;SEC&#8221;) (collectively, "FT Funds") for the purpose of promoting:</div>

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<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-top: 0in;margin-right: 79.75pt;margin-bottom: .0001pt;margin-left: 64.0pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Honest and ethical conduct, including the ethical resolution of
actual or apparent conflicts of interest between personal and professional<div style="letter-spacing: -.3pt;display: inline;"> </div>relationships;</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-top: 5.7pt;margin-right: 46.3pt;margin-bottom: .0001pt;margin-left: 64.0pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Full, fair, accurate, timely and understandable disclosure in
reports and documents<div style="letter-spacing: -1.3pt;display: inline;"> </div>that a
registrant files with, or submits to, the SEC and in other public
communications made by or on behalf of the FT<div style="letter-spacing: -.1pt;display: inline;">
</div>Funds;</div>

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</div></div>Compliance with applicable laws and governmental rules and<div style="letter-spacing: -.3pt;display: inline;"> </div>regulations;</div>

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</div></div>The prompt internal reporting of violations of the Code to an
appropriate person or persons identified in the Code;<div style="letter-spacing: -.1pt;display: inline;"> </div>and</div>

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</div></div>Accountability for adherence to the<div style="letter-spacing: -.1pt;display: inline;"> </div>Code.</div>

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<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;text-indent: .5in;margin-left: 27.95pt;margin-right: 37.9pt;margin-top: 0in;margin-bottom: .0001pt">Each Covered Officer will be expected to adhere to a high standard of
business ethics and must be sensitive to situations that may give rise to
actual as well as apparent conflicts of interest.</div>

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<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .25pt;margin-bottom: .0001pt"><div style="font-size: 11.5pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 28.0pt;margin-right: 42.75pt;margin-top: 0in;margin-bottom: .0001pt"><i><div style="font-size: 9.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">*<div style="letter-spacing: -.1pt;display: inline;"> </div></div></i><div style="font-size: 9.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">Rule<div style="letter-spacing: -.1pt;display: inline;"> </div>38a-1<div style="letter-spacing: -.1pt;display: inline;"> </div>under<div style="letter-spacing: -.1pt;display: inline;"> </div>the Investment<div style="letter-spacing: -.05pt;display: inline;"> </div>Company<div style="letter-spacing: -.1pt;display: inline;"> </div>Act<div style="letter-spacing: -.1pt;display: inline;"> </div>of<div style="letter-spacing: -.05pt;display: inline;"> </div>1940<div style="letter-spacing: -.1pt;display: inline;"> </div>(&#8220;1940<div style="letter-spacing: -.2pt;display: inline;"> </div>Act&#8221;)<div style="letter-spacing: -.1pt;display: inline;"> </div>and<div style="letter-spacing: -.05pt;display: inline;"> </div>Rule<div style="letter-spacing: -.15pt;display: inline;"> </div>206(4)-7<div style="letter-spacing: -.05pt;display: inline;">
</div>under<div style="letter-spacing: -.1pt;display: inline;"> </div>the<div style="letter-spacing: -.05pt;display: inline;"> </div>Investment<div style="letter-spacing: -.1pt;display: inline;"> </div>Advisers<div style="letter-spacing: -.05pt;display: inline;"> </div>Act<div style="letter-spacing: -.05pt;display: inline;"> </div>of 1940 (&#8220;Advisers Act&#8221;) (together the
&#8220;Compliance Rule&#8221;) require registered investment companies and registered
investment advisers to, among other things, adopt and implement written
policies and procedures reasonably designed to prevent violations of the
federal securities laws (&#8220;Compliance Rule Policies and<div style="letter-spacing: -.4pt;display: inline;"> </div>Procedures&#8221;).</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .2pt;margin-bottom: .0001pt"><div style="font-size: 14.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 27.95pt;margin-right: 42.75pt;margin-top: .05pt;margin-bottom: .0001pt"><div style="font-size: 9.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">CONFIDENTIAL INFORMATION. This document is
the proprietary product of Franklin Templeton Investments. It may NOT be
distributed outside the company unless it is made subject to a non-disclosure
agreement and/or such release receives authorization by an FTI Chief Compliance
Officer. Any unauthorized use, reproduction or transfer of this document is
strictly prohibited. Franklin Templeton Investments &#169; 2014. All Rights<div style="letter-spacing: -.3pt;display: inline;"> </div>Reserved.</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

</div><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;"><br clear="all" style="page-break-before: always">
</div><div style="page: WordSection2">

<h2 style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;font-weight: normal;text-indent: -38.85pt;margin-top: 4.0pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 64.0pt">II.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div>Other Policies and<div style="letter-spacing: -.05pt;display: inline;"> </div>Procedures</h2>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .5pt;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;text-indent: .5in;margin-left: 27.95pt;margin-right: 38.05pt;margin-top: 0in;margin-bottom: .0001pt">This Code shall be the sole code of ethics adopted by the Funds for
purposes of Section 406 of the Sarbanes-Oxley Act and the rules and forms
applicable to registered investment companies thereunder.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .55pt;margin-bottom: .0001pt"><div style="font-size: 11.5pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;text-indent: .5in;margin-left: 28.0pt;margin-right: 37.9pt;margin-top: 0in;margin-bottom: .0001pt">Franklin Resources, Inc. has separately adopted the <u>Code of Ethics and
Business</u> <u>Conduct</u> (&#8220;Business Conduct&#8221;), which is applicable to all
officers, directors and employees of Franklin Resources, Inc., including
Covered Officers. It summarizes the values, principles and business practices
that guide the employee&#8217;s business conduct and also provides a set of basic
principles to guide officers, directors and employees regarding the minimum
ethical requirements expected of them. It supplements the values, principles
and business conduct identified in the Code and other existing employee<div style="letter-spacing: -.15pt;display: inline;"> </div>policies.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;text-indent: .5in;margin-left: 28.0pt;margin-right: 37.9pt;margin-top: 0in;margin-bottom: .0001pt">Additionally, the Franklin Templeton Funds have separately adopted the <u>FTI
Personal</u> <u>Investments and Insider Trading Policy</u> governing personal
securities trading and other related matters. The Code for Insider Trading
provides for separate requirements that apply to the Covered Officers and
others, and therefore is not part of this Code.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;text-indent: .5in;margin-left: 27.95pt;margin-right: 37.85pt;margin-top: 0in;margin-bottom: .0001pt">Insofar as other policies or procedures of Franklin Resources, Inc., the
Funds, the Funds&#8217; adviser, principal underwriter, or other service providers
govern or purport to govern the behavior or activities of the Covered Officers
who are subject to this Code, they are superceded by this Code to the extent
that they overlap or conflict with the provisions of this Code. Please review
these other documents or consult with the Legal Department if have questions
regarding the applicability of these policies to<div style="letter-spacing: -.15pt;display: inline;"> </div>you.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .05pt;margin-bottom: .0001pt">&#160;</div>

<h2 style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;font-weight: normal;text-indent: -42.15pt;margin-top: 0in;margin-right: 74.95pt;margin-bottom: .0001pt;margin-left: 63.95pt">III.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div>Covered Officers Should Handle Ethically Actual and Apparent Conflicts
of Interest</h2>

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<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;text-indent: .5in;margin-left: 27.95pt;margin-right: 37.9pt;margin-top: 0in;margin-bottom: .0001pt"><b>Overview. </b>A "conflict of interest" occurs when a Covered
Officer's private interest interferes with the interests of, or his or her
service to, the FT Funds. For example, a conflict of interest would arise if a
Covered Officer, or a member of his family, receives improper personal benefits
as a result of apposition with the FT Funds.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .05pt;margin-bottom: .0001pt">&#160;</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;text-indent: .5in;margin-left: 27.95pt;margin-right: 37.9pt;margin-top: .05pt;margin-bottom: .0001pt">Certain conflicts of interest arise out of the relationships between
Covered Officers and the FT Funds and already are subject to conflict of
interest provisions in the Investment Company Act of 1940 ("Investment
Company Act") and the Investment Advisers Act of 1940 ("Investment
Advisers Act"). For example, Covered Officers may not individually engage
in certain transactions (such as the purchase or sale of securities or other
property) with the FT Funds because of their status as "affiliated
persons" of the FT Funds. The FT Funds&#8217; and the investment advisers&#8217;
compliance programs and procedures are designed to prevent, or identify and
correct, violations of these provisions. This Code does not, and is not
intended to, repeat or replace these programs and procedures, and such
conflicts fall outside of the parameters of this Code.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .45pt;margin-bottom: .0001pt"><div style="font-size: 10.5pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-indent: .5in;margin-left: 27.95pt;margin-right: 45.85pt;margin-top: 0in;margin-bottom: .0001pt">Although
typically not presenting an opportunity for improper personal benefit,
conflicts arise from, or as a result of, the contractual relationship between
the FT Funds, the investment advisers and the fund administrator of which the
Covered Officers are also officers or employees. As a result, this Code
recognizes that the Covered Officers will, in the normal course of their duties
(whether formally for the FT Funds, for the adviser, the administrator, or</div>

<h2 align="center" style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;font-weight: normal;text-align: center;margin-top: 6.95pt;margin-right: 9.95pt;margin-bottom: .0001pt;margin-left: 0in"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">2</div></h2>

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<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 28.0pt;margin-right: 42.75pt;margin-top: 3.85pt;margin-bottom: .0001pt">for all three), be involved in
establishing policies and implementing decisions that will have different
effects on the adviser, administrator and the FT Funds. The participation of
the Covered Officers in such activities is inherent in the contractual
relationship between the FT Funds, the adviser, and the administrator and is
consistent with the performance by the Covered Officers of their duties as
officers of the FT Funds. Thus, if performed in conformity with the provisions
of the Investment Company Act and the Investment Advisers Act, such activities
will be deemed to have been handled ethically. In addition, it is recognized by
the FT Funds' Boards of Directors ("Boards") that the Covered Officers
may also be officers or employees of one or more other investment companies
covered by this or other codes.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 11.5pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-indent: .5in;margin-left: 28.0pt;margin-right: 40.9pt;margin-top: 0in;margin-bottom: .0001pt">Other conflicts
of interest are covered by the Code, even if such conflicts of interest are not
subject to provisions in the Investment Company Act and the Investment Advisers
Act. The following list provides examples of conflicts of interest under the
Code, but Covered Officers should keep in mind that these examples are not
exhaustive. The overarching principle is that the personal interest of a
Covered Officer should not be placed improperly before the interest of the FT
Funds.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .35pt;margin-bottom: .0001pt"><div style="font-size: 9.5pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 28.0pt;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">Each Covered Officer must:</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 6.65pt;margin-right: 38.95pt;margin-bottom: .0001pt;margin-left: 64.0pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Not use his or her personal influence or personal relationships
improperly to influence investment decisions or financial reporting by the FT
Funds whereby the Covered<div style="letter-spacing: -1.3pt;display: inline;"> </div>Officer
would benefit personally to the detriment of the FT<div style="letter-spacing: -.2pt;display: inline;"> </div>Funds;</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 5.75pt;margin-right: .7in;margin-bottom: .0001pt;margin-left: 64.0pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Not cause the FT Funds to take action, or fail to take action,
for the individual personal benefit of the Covered Officer rather than the
benefit the FT<div style="letter-spacing: -.25pt;display: inline;"> </div>Funds;</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 5.75pt;margin-right: 40.7pt;margin-bottom: .0001pt;margin-left: 63.95pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Not retaliate against any other Covered Officer or any employee
of the FT Funds or their affiliated persons for reports of potential violations
that are made in good<div style="letter-spacing: -.5pt;display: inline;"> </div>faith;</div>

<div style="text-indent: -18.05pt;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 5.7pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 63.95pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Report at least annually the following affiliations or other<div style="letter-spacing: -.2pt;display: inline;"> </div>relationships:<a href="#_bookmark0"><div style="font-size: 7.0pt;color: windowtext;position: relative;top: -3.5pt;text-decoration: none;display: inline;">1</div></a></div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;line-height: 92%;margin-top: .8pt;margin-right: 48.7pt;margin-bottom: .0001pt;margin-left: 99.95pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">o<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;
</div></div>all directorships for public companies and all companies that are
required to file reports with the<div style="letter-spacing: -.1pt;display: inline;"> </div>SEC;</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;line-height: 92%;margin-top: .8pt;margin-right: 46.3pt;margin-bottom: .0001pt;margin-left: 99.95pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">o<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;
</div></div>any direct or indirect business relationship with any independent
directors of<div style="letter-spacing: -1.15pt;display: inline;"> </div>the FT<div style="letter-spacing: -.05pt;display: inline;"> </div>Funds;</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;line-height: 95%;margin-top: .5pt;margin-right: 52.45pt;margin-bottom: .0001pt;margin-left: 99.95pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">o<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;
</div></div>any direct or indirect business relationship with any independent
public accounting firm (which are not related to the routine issues related to
the<div style="letter-spacing: -1.1pt;display: inline;"> </div>firm&#8217;s service as the Covered
Persons accountant);<div style="letter-spacing: -.05pt;display: inline;"> </div>and</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;line-height: 95%;margin-top: .55pt;margin-right: 42.6pt;margin-bottom: .0001pt;margin-left: 99.95pt"><div style="font-family: &quot;Courier New&quot;;display: inline;">o<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;
</div></div>any direct or indirect interest in any transaction with any FT
Fund that will benefit the officer (not including benefits derived from the
advisory, sub-advisory, distribution or service agreements with affiliates of
Franklin<div style="letter-spacing: -.55pt;display: inline;"> </div>Resources).</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 63.95pt;margin-right: 0in;margin-top: .2pt;margin-bottom: .0001pt">These reports will be reviewed
by the Legal Department for compliance with the Code.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-indent: .5in;margin-left: 27.95pt;margin-right: 48.95pt;margin-top: 5.85pt;margin-bottom: .0001pt">There are some
conflict of interest situations that should always be approved in writing by
Franklin Resources General Counsel or Deputy General Counsel, if material.
Examples of these include<a href="#_bookmark1"><div style="font-size: 7.0pt;color: windowtext;position: relative;top: -3.5pt;text-decoration: none;display: inline;">2</div></a>:</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 4.6pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 63.95pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Service as a director on the board of any public or private<div style="letter-spacing: -.35pt;display: inline;"> </div>Company.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .4pt;margin-bottom: .0001pt">

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<br clear="ALL">


<div style="text-indent: 0in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;line-height: 9.5pt;margin-top: 3.45pt;margin-right: 44.85pt;margin-bottom: .0001pt;margin-left: 27.95pt"><div style="font-size: 6.5pt;position: relative;top: -3.5pt;display: inline;">1<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;
</div></div><div style="font-size: 8.0pt;display: inline;">Reporting<div style="letter-spacing: -.2pt;display: inline;"> </div>of<div style="letter-spacing: -.2pt;display: inline;"> </div>these<div style="letter-spacing: -.25pt;display: inline;"> </div>affiliations<div style="letter-spacing: -.2pt;display: inline;"> </div>or<div style="letter-spacing: -.3pt;display: inline;"> </div>other<div style="letter-spacing: -.25pt;display: inline;"> </div>relationships<div style="letter-spacing: -.2pt;display: inline;"> </div>shall<div style="letter-spacing: -.2pt;display: inline;"> </div>be<div style="letter-spacing: -.25pt;display: inline;"> </div>made<div style="letter-spacing: -.25pt;display: inline;"> </div>by<div style="letter-spacing: -.2pt;display: inline;"> </div>completing<div style="letter-spacing: -.25pt;display: inline;"> </div>the<div style="letter-spacing: -.25pt;display: inline;"> </div>annual<div style="letter-spacing: -.2pt;display: inline;"> </div>Directors<div style="letter-spacing: -.2pt;display: inline;">
</div>and<div style="letter-spacing: -.25pt;display: inline;"> </div>Officers<div style="letter-spacing: -.2pt;display: inline;"> </div>Questionnaire and returning the
questionnaire to Franklin Resources Inc, General Counsel or Deputy General<div style="letter-spacing: -.9pt;display: inline;"> </div>Counsel.</div></div>

<div style="text-indent: -11.2pt;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;line-height: 9.45pt;margin-top: 0in;margin-right: 0in;margin-bottom: .0001pt;margin-left: 39.15pt"><div style="font-size: 8.0pt;position: relative;top: -3.5pt;display: inline;">2<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;
</div></div><div style="font-size: 8.0pt;display: inline;">Any<div style="letter-spacing: -.1pt;display: inline;"> </div>activity<div style="letter-spacing: -.1pt;display: inline;"> </div>or<div style="letter-spacing: -.1pt;display: inline;"> </div>relationship<div style="letter-spacing: -.15pt;display: inline;"> </div>that<div style="letter-spacing: -.1pt;display: inline;"> </div>would<div style="letter-spacing: -.15pt;display: inline;"> </div>present<div style="letter-spacing: -.1pt;display: inline;">
</div>a<div style="letter-spacing: -.05pt;display: inline;"> </div>conflict<div style="letter-spacing: -.15pt;display: inline;"> </div>for<div style="letter-spacing: -.1pt;display: inline;"> </div>a<div style="letter-spacing: -.15pt;display: inline;"> </div>Covered Officer<div style="letter-spacing: -.15pt;display: inline;"> </div>may<div style="letter-spacing: -.05pt;display: inline;"> </div>also<div style="letter-spacing: -.15pt;display: inline;"> </div>present<div style="letter-spacing: -.15pt;display: inline;">
</div>a<div style="letter-spacing: -.1pt;display: inline;"> </div>conflict<div style="letter-spacing: -.15pt;display: inline;"> </div>for<div style="letter-spacing: -.1pt;display: inline;"> </div>the<div style="letter-spacing: -.15pt;display: inline;"> </div>Covered Officer</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;line-height: 103%;margin-left: 27.95pt;margin-right: 42.75pt;margin-top: .4pt;margin-bottom: .0001pt"><div style="font-size: 8.0pt;line-height: 103%;display: inline;">if a member of the Covered Officer's
immediate family engages in such an activity or has such a relationship. The
Cover Person should also obtain written approval by FT&#8217;s General Counsel in
such situations.</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .5pt;margin-bottom: .0001pt"><div style="font-size: 9.5pt;display: inline;">&#160;</div></div>

<h2 align="center" style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;font-weight: normal;text-align: center;margin-top: 0in;margin-right: 9.95pt;margin-bottom: .0001pt;margin-left: 0in"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">3</div></h2>

</div><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;"><br clear="all" style="page-break-before: always">
</div><div style="page: WordSection4">

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 4.15pt;margin-right: 67.7pt;margin-bottom: .0001pt;margin-left: 63.95pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>The receipt of any gifts in excess of $100 from any person, from
any corporation<div style="letter-spacing: -1.1pt;display: inline;"> </div>or association.</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 5.65pt;margin-right: 41.95pt;margin-bottom: .0001pt;margin-left: 63.95pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>The receipt of any entertainment from any Company with which the
FT Funds has current or prospective business dealings unless such entertainment
is business related, reasonable in cost, appropriate as to time and place, and
not so frequent as to raise<div style="letter-spacing: -1.1pt;display: inline;"> </div>any
question of impropriety. Notwithstanding the foregoing, the Covered Officers
must obtain prior approval from the Franklin Resources General Counsel for any
entertainment with a value in excess of<div style="letter-spacing: -.15pt;display: inline;"> </div>$1000.</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 5.95pt;margin-right: 45.65pt;margin-bottom: .0001pt;margin-left: 63.95pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Any ownership interest in, or any consulting or employment
relationship with, any of<div style="letter-spacing: -1.3pt;display: inline;"> </div>the FT
Fund&#8217;s service providers, other than an investment adviser, principal
underwriter, administrator or any affiliated person<div style="letter-spacing: -.1pt;display: inline;"> </div>thereof.</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 5.7pt;margin-right: 39.5pt;margin-bottom: .0001pt;margin-left: 63.95pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>A direct or indirect financial interest in commissions,
transaction charges or spreads paid by the FT Funds for effecting portfolio
transactions or for selling or redeeming shares other than an interest arising
from the Covered Officer's employment, such as compensation or equity<div style="letter-spacing: -.1pt;display: inline;"> </div>ownership.</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-top: 5.85pt;margin-right: 42.65pt;margin-bottom: .0001pt;margin-left: 63.95pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Franklin Resources General Counsel or Deputy General Counsel will
provide a report<div style="letter-spacing: -1.3pt;display: inline;"> </div>to the FT Funds
Audit Committee of any approvals granted at the next regularly scheduled
meeting.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .45pt;margin-bottom: .0001pt"><div style="font-size: 16.5pt;display: inline;">&#160;</div></div>

<h2 style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;font-weight: normal;text-indent: -43.5pt;margin-top: 0in;margin-right: 0in;margin-bottom: .0001pt;margin-left: 64.0pt">IV.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div>Disclosure and<div style="letter-spacing: -.05pt;display: inline;"> </div>Compliance</h2>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 11.15pt;margin-right: 78.1pt;margin-bottom: .0001pt;margin-left: 63.95pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Each Covered Officer should familiarize himself with the
disclosure<div style="letter-spacing: -1.25pt;display: inline;"> </div>requirements generally
applicable to the FT<div style="letter-spacing: -.1pt;display: inline;"> </div>Funds;</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 5.65pt;margin-right: 39.5pt;margin-bottom: .0001pt;margin-left: 63.95pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Each Covered Officer should not knowingly misrepresent, or cause
others to misrepresent, facts about the FT Funds to others, whether within or
outside the FT Funds, including to the FT Funds&#8217; directors and auditors, and to
governmental<div style="letter-spacing: -1.15pt;display: inline;"> </div>regulators and
self-regulatory<div style="letter-spacing: -.05pt;display: inline;"> </div>organizations;</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 5.85pt;margin-right: 43.75pt;margin-bottom: .0001pt;margin-left: 63.95pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Each Covered Officer should, to the extent appropriate within his
or her area of responsibility, consult with other officers and employees of the
FT Funds, the FT Fund&#8217;s adviser and the administrator with the goal of
promoting full, fair, accurate, timely and understandable disclosure in the
reports and documents the FT Funds file with, or submit to, the SEC and in
other public communications made by the FT Funds;<div style="letter-spacing: -.75pt;display: inline;"> </div>and</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 5.85pt;margin-right: 41.9pt;margin-bottom: .0001pt;margin-left: 63.95pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>It is the responsibility of each Covered Officer to promote
compliance with the standards and restrictions imposed by applicable laws,
rules and<div style="letter-spacing: -.2pt;display: inline;"> </div>regulations.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .35pt;margin-bottom: .0001pt"><div style="font-size: 16.5pt;display: inline;">&#160;</div></div>

<h2 style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;font-weight: normal;text-indent: -40.15pt;margin-top: 0in;margin-right: 0in;margin-bottom: .0001pt;margin-left: 64.0pt">V.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div>Reporting and Accountability</h2>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .5pt;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 28.0pt;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">Each Covered Officer must:</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 5.8pt;margin-right: 77.25pt;margin-bottom: .0001pt;margin-left: 64.0pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Upon becoming a covered officer affirm in writing to the Board
that he or she has received, read, and understands the Code (see Exhibit<div style="letter-spacing: -.2pt;display: inline;"> </div>B);</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 6.0pt;margin-right: 40.75pt;margin-bottom: .0001pt;margin-left: 63.95pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Annually thereafter affirm to the Board that he has complied with
the requirements of<div style="letter-spacing: -1.25pt;display: inline;"> </div>the Code;<div style="letter-spacing: -.05pt;display: inline;"> </div>and</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 5.95pt;margin-right: 50.5pt;margin-bottom: .0001pt;margin-left: 63.95pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Notify Franklin Resources&#8217; General Counsel or Deputy General
Counsel promptly if he or she knows of any violation of this Code. Failure to
do so is itself is a violation of<div style="letter-spacing: -1.15pt;display: inline;"> </div>this</div>

<h2 align="center" style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;font-weight: normal;text-align: center;margin-top: 5.1pt;margin-right: 9.95pt;margin-bottom: .0001pt;margin-left: 0in"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">4</div></h2>

</div><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;"><br clear="all" style="page-break-before: always">
</div><div style="page: WordSection5">

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 64.0pt;margin-right: 0in;margin-top: 3.85pt;margin-bottom: .0001pt">Code.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-indent: .5in;margin-left: 27.95pt;margin-right: 42.75pt;margin-top: 7.0pt;margin-bottom: .0001pt">Franklin
Resources&#8217; General Counsel and Deputy General Counsel are responsible for
applying this Code to specific situations in which questions are presented
under it and have the authority to interpret this Code in any particular
situation.<a href="#_bookmark2"><div style="font-size: 7.0pt;color: windowtext;position: relative;top: -3.5pt;text-decoration: none;display: inline;">3</div></a><div style="font-size: 7.0pt;position: relative;top: -3.5pt;display: inline;">&#160;</div>However, the
Independent Directors of the respective FT Funds will consider any approvals or
waivers<a href="#_bookmark3"><div style="font-size: 7.0pt;color: windowtext;position: relative;top: -3.5pt;text-decoration: none;display: inline;">4</div></a><div style="font-size: 7.0pt;position: relative;top: -3.5pt;display: inline;">&#160;</div>sought by any
Chief Executive Officers of the Funds.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .25pt;margin-bottom: .0001pt">&#160;</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 64.0pt;margin-right: 0in;margin-top: .05pt;margin-bottom: .0001pt">The FT Funds will follow these
procedures in investigating and enforcing this Code:</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .45pt;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 0in;margin-right: 38.35pt;margin-bottom: .0001pt;margin-left: 64.0pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Franklin Resources General Counsel or Deputy General Counsel will
take all<div style="letter-spacing: -1.3pt;display: inline;"> </div>appropriate action to
investigate any potential violations reported to the Legal<div style="letter-spacing: -.5pt;display: inline;"> </div>Department;</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 6.0pt;margin-right: 51.15pt;margin-bottom: .0001pt;margin-left: 64.0pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>If, after such investigation, the General Counsel or Deputy
General Counsel believes that no violation has occurred, The General Counsel is
not required to take any<div style="letter-spacing: -1.25pt;display: inline;"> </div>further
action;</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 6.0pt;margin-right: 48.1pt;margin-bottom: .0001pt;margin-left: 64.0pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Any matter that the General Counsel or Deputy General Counsel
believes is a<div style="letter-spacing: -1.35pt;display: inline;"> </div>violation will be
reported to the Independent Directors of the appropriate FT<div style="letter-spacing: -.35pt;display: inline;"> </div>Fund;</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 6.0pt;margin-right: 38.3pt;margin-bottom: .0001pt;margin-left: 64.0pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>If the Independent Directors concur that a violation has
occurred, it will inform and make a recommendation to the Board of the
appropriate FT Fund or Funds, which will<div style="letter-spacing: -1.2pt;display: inline;"> </div>consider
appropriate action, which may include review of, and appropriate modifications
to, applicable policies and procedures; notification to appropriate personnel
of the investment adviser or its board; or a recommendation to dismiss the
Covered<div style="letter-spacing: -.9pt;display: inline;"> </div>Officer;</div>

<div style="text-indent: -18.05pt;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 6.1pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 64.0pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>The Independent Directors will be responsible for granting
waivers, as appropriate;<div style="letter-spacing: -.7pt;display: inline;"> </div>and</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 5.9pt;margin-right: 65.2pt;margin-bottom: .0001pt;margin-left: 64.0pt"><div style="font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>Any changes to or waivers of this Code will, to the extent
required, are disclosed<div style="letter-spacing: -1.25pt;display: inline;"> </div>as provided
by SEC<div style="letter-spacing: -.1pt;display: inline;"> </div>rules.<a href="#_bookmark4"><div style="font-size: 7.0pt;color: windowtext;position: relative;top: -3.5pt;text-decoration: none;display: inline;">5</div></a></div>

<h2 style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;font-weight: normal;text-indent: -43.5pt;margin-top: 6.25pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 64.0pt">VI.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div>Other Policies and<div style="letter-spacing: -.05pt;display: inline;"> </div>Procedures</h2>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .35pt;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;text-indent: .5in;margin-left: 27.95pt;margin-right: 46.55pt;margin-top: 0in;margin-bottom: .0001pt">This Code shall be the sole code of ethics adopted by the FT Funds for
purposes of Section 406 of the Sarbanes-Oxley Act and the rules and forms
applicable to registered investment companies thereunder. Insofar as other
policies or procedures of the FT Funds, the FT Funds' advisers, principal
underwriter, or other service providers govern or purport to govern the
behavior or activities of the Covered Officers who are subject to this Code,
they are superseded by this Code to the extent that they overlap or conflict
with the provisions of this Code. The FTI Personal Investments and Insider
Trading Policy, adopted by the FT Funds, FT investment advisers and FT Fund&#8217;s
principal underwriter pursuant to Rule 17j-1 under the Investment Company Act,
the Code of Ethics and Business Conduct and more detailed policies and
procedures set forth in FT&#8217;s Employee Handbook are separate requirements
applying to the Covered Officers and others, and are not part of this<div style="letter-spacing: -.4pt;display: inline;"> </div>Code.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">

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<div style="text-indent: 0in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;line-height: 9.5pt;margin-top: 3.45pt;margin-right: 41.25pt;margin-bottom: .0001pt;margin-left: 27.95pt"><div style="font-size: 6.5pt;position: relative;top: -3.5pt;display: inline;">3<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;
</div></div><div style="font-size: 8.0pt;display: inline;">Franklin<div style="letter-spacing: -.25pt;display: inline;"> </div>Resources<div style="letter-spacing: -.25pt;display: inline;"> </div>General<div style="letter-spacing: -.2pt;display: inline;"> </div>Counsel<div style="letter-spacing: -.2pt;display: inline;">
</div>and<div style="letter-spacing: -.25pt;display: inline;"> </div>Deputy<div style="letter-spacing: -.15pt;display: inline;"> </div>General<div style="letter-spacing: -.2pt;display: inline;">
</div>Counsel<div style="letter-spacing: -.15pt;display: inline;"> </div>are<div style="letter-spacing: -.25pt;display: inline;"> </div>authorized<div style="letter-spacing: -.25pt;display: inline;"> </div>to<div style="letter-spacing: -.25pt;display: inline;"> </div>consult,<div style="letter-spacing: -.25pt;display: inline;"> </div>as<div style="letter-spacing: -.2pt;display: inline;"> </div>appropriate,<div style="letter-spacing: -.25pt;display: inline;"> </div>with<div style="letter-spacing: -.25pt;display: inline;"> </div>members<div style="letter-spacing: -.2pt;display: inline;"> </div>of<div style="letter-spacing: -.25pt;display: inline;"> </div>the
Audit<div style="letter-spacing: -.15pt;display: inline;"> </div>Committee, counsel<div style="letter-spacing: -.05pt;display: inline;"> </div>to<div style="letter-spacing: -.1pt;display: inline;"> </div>the<div style="letter-spacing: -.1pt;display: inline;"> </div>FT<div style="letter-spacing: -.1pt;display: inline;"> </div>Funds<div style="letter-spacing: -.05pt;display: inline;"> </div>and<div style="letter-spacing: -.1pt;display: inline;"> </div>counsel<div style="letter-spacing: -.05pt;display: inline;"> </div>to<div style="letter-spacing: -.15pt;display: inline;"> </div>the<div style="letter-spacing: -.1pt;display: inline;"> </div>Independent<div style="letter-spacing: -.1pt;display: inline;"> </div>Directors,<div style="letter-spacing: -.1pt;display: inline;"> </div>and<div style="letter-spacing: -.1pt;display: inline;"> </div>are<div style="letter-spacing: -.1pt;display: inline;"> </div>encouraged<div style="letter-spacing: -.1pt;display: inline;"> </div>to<div style="letter-spacing: -.1pt;display: inline;"> </div>do<div style="letter-spacing: -.1pt;display: inline;"> </div>so.</div></div>

<div style="text-indent: -8.25pt;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;line-height: 9.45pt;margin-top: 0in;margin-right: 0in;margin-bottom: .0001pt;margin-left: 36.2pt"><div style="font-size: 8.0pt;position: relative;top: -3.5pt;display: inline;">4<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;
</div></div><div style="font-size: 8.0pt;display: inline;">Item<div style="letter-spacing: .3pt;display: inline;"> </div>2<div style="letter-spacing: .3pt;display: inline;"> </div>of<div style="letter-spacing: .3pt;display: inline;"> </div>Form<div style="letter-spacing: .3pt;display: inline;"> </div>N-CSR<div style="letter-spacing: .35pt;display: inline;"> </div>defines<div style="letter-spacing: .3pt;display: inline;"> </div>"waiver"<div style="letter-spacing: .3pt;display: inline;"> </div>as<div style="letter-spacing: .3pt;display: inline;"> </div>"the<div style="letter-spacing: .3pt;display: inline;"> </div>approval<div style="letter-spacing: .35pt;display: inline;">
</div>by<div style="letter-spacing: .3pt;display: inline;"> </div>the<div style="letter-spacing: .3pt;display: inline;"> </div>registrant<div style="letter-spacing: .3pt;display: inline;"> </div>of<div style="letter-spacing: .3pt;display: inline;"> </div>a<div style="letter-spacing: .35pt;display: inline;"> </div>material<div style="letter-spacing: .3pt;display: inline;"> </div>departure<div style="letter-spacing: .3pt;display: inline;">
</div>from<div style="letter-spacing: .3pt;display: inline;"> </div>a<div style="letter-spacing: .3pt;display: inline;"> </div>provision<div style="letter-spacing: .3pt;display: inline;"> </div>of<div style="letter-spacing: .35pt;display: inline;"> </div>the<div style="letter-spacing: .3pt;display: inline;"> </div>code<div style="letter-spacing: .3pt;display: inline;"> </div>of</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;line-height: 103%;margin-left: 28.0pt;margin-right: 38.0pt;margin-top: .4pt;margin-bottom: .0001pt"><div style="font-size: 8.0pt;line-height: 103%;display: inline;">ethics" and
"implicit waiver," which must also be disclosed, as "the
registrant's failure to take action within a reasonable period of time
regarding a material departure from a provision of the code of ethics that has
been made known to an executive officer" of the registrant. See Part X.</div></div>

<div style="text-indent: -7.7pt;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;line-height: 11.0pt;margin-top: 0in;margin-right: 0in;margin-bottom: .0001pt;margin-left: 35.65pt"><div style="font-size: 6.5pt;font-family: &quot;Times New Roman&quot;,serif;position: relative;top: -3.5pt;display: inline;">5<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160; </div></div><div style="font-size: 8.0pt;display: inline;">See Part<div style="letter-spacing: -.15pt;display: inline;"> </div>X.</div></div>

</div><div style="font-size: 6.5pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;"><br clear="all" style="page-break-before: always">
</div><div style="page: WordSection6">

<h2 style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;font-weight: normal;text-indent: -.65in;margin-top: 4.0pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 64.0pt">VII.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div>Amendments</h2>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .35pt;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-indent: .5in;margin-left: 27.95pt;margin-right: 46.5pt;margin-top: 0in;margin-bottom: .0001pt">Any amendments
to this Code, other than amendments to Exhibit A, must be approved or ratified
by a majority vote of the FT Funds&#8217; Board including a majority of independent
directors.</div>

<h2 style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;font-weight: normal;text-indent: -50.2pt;margin-top: 6.3pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 64.0pt">VIII.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div>Confidentiality</h2>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .35pt;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;text-indent: .5in;margin-left: 27.95pt;margin-right: 38.0pt;margin-top: 0in;margin-bottom: .0001pt">All reports and records prepared or maintained pursuant to this Code will
be considered confidential and shall be maintained and protected accordingly.
Except as otherwise required by law or this Code, such matters shall not be
disclosed to anyone other than the FT Funds&#8217; Board and their counsel.</div>

<h2 style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;font-weight: normal;text-align: justify;text-indent: -43.5pt;margin-top: 6.4pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 64.0pt">IX.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div>Internal<div style="letter-spacing: -.05pt;display: inline;"> </div>Use</h2>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .3pt;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;text-indent: .5in;margin-left: 27.95pt;margin-right: 37.9pt;margin-top: 0in;margin-bottom: .0001pt">The Code is intended solely for the internal use by the FT Funds and does
not constitute an admission, by or on behalf of any FT Funds, as to any fact,
circumstance, or legal conclusion.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .2pt;margin-bottom: .0001pt">&#160;</div>

<div style="text-indent: -36.05pt;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 0in;margin-right: 0in;margin-bottom: .0001pt;margin-left: 63.95pt">X.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div>Disclosure on Form<div style="letter-spacing: -.1pt;display: inline;"> </div>N-CSR</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .2pt;margin-bottom: .0001pt">&#160;</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-indent: .5in;margin-left: 27.95pt;margin-right: 37.65pt;margin-top: 0in;margin-bottom: .0001pt">Item 2 of Form
N-CSR requires a registered management investment company to disclose annually
whether, as of the end of the period covered by the report, it has adopted a
code of ethics that applies to the registrant's principal executive officer,
principal financial officer, principal accounting officer or controller, or
persons performing similar functions, regardless of whether these officers are
employed by the registrant or a third party. If the registrant has not adopted
such a code of ethics, it must explain why it has not done so.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-indent: 35.95pt;margin-left: 28.0pt;margin-right: 38.75pt;margin-top: 6.0pt;margin-bottom: .0001pt">The
registrant must also: (1) file with the SEC a copy of the code as an exhibit to
its annual report; (2) post the text of the code on its Internet website and
disclose, in its most recent report on Form N-CSR, its Internet address and the
fact that it has posted the code on its Internet website; or (3) undertake in
its most recent report on Form N-CSR to provide to any person without charge,
upon request, a copy of the code and explain the manner in which such request
may be made. Disclosure is also required of amendments to, or waivers
(including implicit waivers) from, a provision of the code in the registrant's
annual report on Form N-CSR or on its website. If the registrant intends to
satisfy the requirement to disclose amendments and waivers by posting such
information on its website, it will be required to disclose its Internet address
and this<div style="letter-spacing: -.1pt;display: inline;"> </div>intention.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 63.95pt;margin-right: 0in;margin-top: 6.05pt;margin-bottom: .0001pt">The Legal Department shall be
responsible for ensuring that:</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 6.0pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 64.0pt"><div style="font-size: 10.0pt;font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>a copy of the Code is filed with the SEC as an exhibit to each
Fund&#8217;s annual report;<div style="letter-spacing: -.7pt;display: inline;"> </div>and</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 6.0pt;margin-right: 42.05pt;margin-bottom: .0001pt;margin-left: 64.0pt"><div style="font-size: 10.0pt;font-family: Symbol;display: inline;">&#183;<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div></div>any amendments to, or waivers (including implicit waivers) from,
a provision of the<div style="letter-spacing: -1.35pt;display: inline;"> </div>Code is
disclosed in the registrant's annual report on Form<div style="letter-spacing: -.3pt;display: inline;"> </div>N-CSR.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;text-indent: .5in;margin-left: 27.95pt;margin-right: 45.0pt;margin-top: 6.0pt;margin-bottom: .0001pt">In the event that the foregoing disclosure is omitted or is determined to
be incorrect, the Legal Department shall promptly file such information with
the SEC as an amendment to Form N-CSR.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;text-indent: .5in;margin-left: 27.95pt;margin-right: 41.95pt;margin-top: 6.0pt;margin-bottom: .0001pt">In such an event, the Fund Chief Compliance Officer shall review the Code
and propose such changes to the Code as are necessary or appropriate to prevent
reoccurrences.</div>

</div><div style="font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;display: inline;"><br clear="all" style="page-break-before: always">
</div><div style="page: WordSection7">

<h1 style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 4.0pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 28.0pt">EXHIBIT A</h1>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .45pt;margin-bottom: .0001pt"><b><div style="font-size: 6.0pt;display: inline;">&#160;</div></b></div>

<div align="center" style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: center;margin-left: 137.55pt;margin-right: 147.5pt;margin-top: 4.65pt;margin-bottom: .0001pt">Persons
Covered by the Franklin Templeton Funds Code of Ethics</div>

<div align="center" style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: center;line-height: 12.6pt;margin-left: 107.65pt;margin-right: 117.6pt;margin-top: 0in;margin-bottom: .0001pt">July 2021</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 12.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 12.0pt;display: inline;">&#160;</div></div>

<h1 style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 10.4pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 28.0pt">FRANKLIN
GROUP OF FUNDS</h1>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .5pt;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;display: inline;">&#160;</div></b></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-left: 27.95pt;margin-right: 74.5pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Edward<div style="letter-spacing: -.15pt;display: inline;"> </div>Perks&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; President
and Chief Executive Officer &#8211; Investment Management </div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-left: 27.95pt;margin-right: 74.5pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Rupert H.<div style="letter-spacing: -.15pt;display: inline;"> </div>Johnson,<div style="letter-spacing: -.05pt;display: inline;"> </div>Jr.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chairman of the Board
and Vice<div style="letter-spacing: -.45pt;display: inline;"> </div>President</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-left: 27.95pt;margin-right: 74.5pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Michael<div style="letter-spacing: -.15pt;display: inline;"> </div>McCarthy&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; President
and Chief Executive Officer &#8211; Investment Management </div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-left: 27.95pt;margin-right: 74.5pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Sonal Desai,<div style="letter-spacing: -.25pt;display: inline;"> </div>Ph<div style="letter-spacing: -.1pt;display: inline;"> </div>D&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; President and Chief
Executive Officer &#8211; Investment Management </div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-left: 27.95pt;margin-right: 74.5pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Matthew<div style="letter-spacing: -.1pt;display: inline;"> </div>Hinkle&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief
Executive Officer &#8211; Finance and<div style="letter-spacing: -.45pt;display: inline;"> </div>Administration</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-left: 27.95pt;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Robert<div style="letter-spacing: -.1pt;display: inline;"> </div>G.<div style="letter-spacing: -.15pt;display: inline;"> </div>Kubilis&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief
Financial Officer and Chief Accounting Officer and<div style="letter-spacing: -.65pt;display: inline;"> </div>Treasurer</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .45pt;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<h1 style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 0in;margin-right: 0in;margin-bottom: .0001pt;margin-left: 28.0pt">FRANKLIN MUTUAL SERIES FUNDS</h1>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .55pt;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;display: inline;">&#160;</div></b></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 27.95pt;margin-right: 127.8pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Christian
Correa&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief Executive Officer &#8211; Investment Management </div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 27.95pt;margin-right: 127.8pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Matthew<div style="letter-spacing: -.1pt;display: inline;"> </div>Hinkle&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief
Executive Officer &#8211; Finance and Administration </div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 27.95pt;margin-right: 127.8pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Robert<div style="letter-spacing: -.1pt;display: inline;"> </div>G.<div style="letter-spacing: -.15pt;display: inline;"> </div>Kubilis&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief
Financial Officer and Chief Accounting<div style="letter-spacing: -.85pt;display: inline;"> </div>Officer</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .55pt;margin-bottom: .0001pt"><div style="font-size: 12.5pt;display: inline;">&#160;</div></div>

<h1 style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 0in;margin-right: 0in;margin-bottom: .0001pt;margin-left: 28.0pt">FRANKLIN ALTERNATIVE STRATEGIES FUNDS</h1>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 12.0pt;display: inline;">&#160;</div></b></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 27.95pt;margin-right: 74.5pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Brooks<div style="letter-spacing: -.15pt;display: inline;"> </div>Ritchey&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; President
and Chief Executive Officer &#8211; Investment Management </div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 27.95pt;margin-right: 74.5pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Matthew<div style="letter-spacing: -.1pt;display: inline;"> </div>Hinkle&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief
Executive Officer &#8211; Finance and<div style="letter-spacing: -.45pt;display: inline;"> </div>Administration</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;line-height: 11.5pt;margin-left: 27.95pt;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Robert<div style="letter-spacing: -.1pt;display: inline;">
</div>G.<div style="letter-spacing: -.1pt;display: inline;"> </div>Kubilis&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief
Financial Officer, Chief Accounting Officer and<div style="letter-spacing: -.6pt;display: inline;"> </div>Treasurer</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 14.0pt;display: inline;">&#160;</div></div>

<h1 style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 0in;margin-right: 0in;margin-bottom: .0001pt;margin-left: 28.0pt">TEMPLETON GROUP OF FUNDS</h1>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .55pt;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;display: inline;">&#160;</div></b></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;line-height: 11.5pt;margin-left: 28.0pt;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Rupert H.<div style="letter-spacing: -.15pt;display: inline;"> </div>Johnson<div style="letter-spacing: -.1pt;display: inline;"> </div>Jr.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chairman
of the Board and Vice<div style="letter-spacing: -.4pt;display: inline;"> </div>President</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-left: 27.95pt;margin-right: 74.5pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Manraj<div style="letter-spacing: -.1pt;display: inline;"> </div>S.<div style="letter-spacing: -.15pt;display: inline;"> </div>Sekhon&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; President and
Chief Executive Officer &#8211; Investment Management </div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-left: 27.95pt;margin-right: 74.5pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Michael Hasenstab, Ph.D.&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160; President and Chief
Executive Officer &#8211; Investment Management </div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-left: 27.95pt;margin-right: 74.5pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Alan<div style="letter-spacing: -.15pt;display: inline;"> </div>Bartlett&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; President
and Chief Executive Officer &#8211; Investment Management </div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-left: 27.95pt;margin-right: 74.5pt;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Matthew<div style="letter-spacing: -.1pt;display: inline;"> </div>Hinkle&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief
Executive Officer &#8211; Finance and<div style="letter-spacing: -.45pt;display: inline;"> </div>Administration</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-left: 27.95pt;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">Robert<div style="letter-spacing: -.1pt;display: inline;"> </div>G.<div style="letter-spacing: -.1pt;display: inline;"> </div>Kubilis&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Chief
Financial Officer, Chief Accounting Officer and<div style="letter-spacing: -.6pt;display: inline;"> </div>Treasurer</div></div>

</div><div style="font-size: 10.0pt;font-family: &quot;Arial&quot;,sans-serif;display: inline;"><br clear="all" style="page-break-before: always">
</div><div style="page: WordSection8">

<h1 align="center" style="text-autospace: none;font-size: 12.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: center;text-indent: -.05pt;line-height: 186%;margin-top: 4.0pt;margin-right: 191.25pt;margin-bottom: .0001pt;margin-left: 181.35pt">Exhibit B ACKNOWLEDGMENT FORM</h1>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .55pt;margin-bottom: .0001pt"><b><div style="font-size: 11.5pt;display: inline;">&#160;</div></b></div>

<h3 style="text-align: center;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 0in;margin-right: 117.5pt;margin-bottom: .0001pt;margin-left: 107.65pt">Franklin Templeton Funds
Code of Ethics</h3>

<div align="center" style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: center;margin-left: 107.65pt;margin-right: 114.6pt;margin-top: 0in;margin-bottom: .0001pt"><b>For
Principal Executives and Senior Financial Officers</b></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 12.0pt;display: inline;">&#160;</div></b></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 10.0pt;display: inline;">&#160;</div></b></div>

<h3 align="left" style="text-align: left;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 0in;margin-right: 0in;margin-bottom: .0001pt;margin-left: 28.0pt">Instructions:</h3>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-top: 0in;margin-right: 0in;margin-bottom: .0001pt;margin-left: 46.0pt">1.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;
</div>Complete all sections of this<div style="letter-spacing: -.1pt;display: inline;"> </div>form.</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;line-height: 12.65pt;margin-top: 0in;margin-right: 0in;margin-bottom: .0001pt;margin-left: 46.0pt">2.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160; </div>Print
the completed form, sign, and<div style="letter-spacing: -.05pt;display: inline;"> </div>date.</div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;line-height: 97%;margin-top: .25pt;margin-right: 40.9pt;margin-bottom: .0001pt;margin-left: 46.0pt"><div style="font-size: 12.0pt;line-height: 97%;display: inline;">3.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;
</div></div>Submit completed form to FT&#8217;s General Counsel c/o Code of Ethics
Administration within 10 </div>

<div style="text-indent: -.25in;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;line-height: 97%;margin-top: .25pt;margin-right: 40.9pt;margin-bottom: .0001pt;margin-left: 46.0pt"><div style="font-size: 12.0pt;line-height: 97%;display: inline;">4.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;
</div></div>days of becoming a Covered Officer and by February 15<div style="font-size: 7.0pt;line-height: 97%;position: relative;top: -3.5pt;display: inline;">th </div>of
each subsequent<div style="letter-spacing: -1.4pt;display: inline;"> </div>year.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .1pt;margin-bottom: .0001pt">&#160;</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-indent: -54.05pt;margin-left: 100.0pt;margin-right: 166.05pt;margin-top: 0in;margin-bottom: .0001pt"><b>E-mail:&#160;&#160;&#160;&#160;&#160; </b>Code
of Ethics Inquiries &amp; Requests (internal address);<div style="color: windowtext;text-decoration: none;display: inline;"> lpreclear@franklintempleton.com </div>(external<div style="letter-spacing: -.25pt;display: inline;"> </div>address)</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .55pt;margin-bottom: .0001pt"><div style="font-size: 11.5pt;display: inline;">&#160;</div></div>

<table border="1" cellspacing="0" cellpadding="0" style="border-collapse: collapse;border: none;margin-left: 5.85pt">
 <tr style="height: 20.65pt">
  <td width="198" valign="top" style="width: 148.5pt;border: solid black 1.0pt;padding: 0in 0in 0in 0in;height: 20.65pt">
  <div style="mso-style-name: &quot;Table Paragraph&quot;;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 5.35pt;margin-right: 0in;margin-top: 4.0pt;margin-bottom: .0001pt"><b>Covered Officer&#8217;s Name:</b></div>
  </td>
  <td width="498" valign="top" style="width: 373.5pt;border: solid black 1.0pt;border-left: none;padding: 0in 0in 0in 0in;height: 20.65pt">
  <div style="mso-style-name: &quot;Table Paragraph&quot;;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>
  </td>
 </tr>
 <tr style="height: 21.05pt">
  <td width="198" valign="top" style="width: 148.5pt;border: solid black 1.0pt;border-top: none;padding: 0in 0in 0in 0in;height: 21.05pt">
  <div style="mso-style-name: &quot;Table Paragraph&quot;;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 5.35pt;margin-right: 0in;margin-top: 4.15pt;margin-bottom: .0001pt"><b>Title:</b></div>
  </td>
  <td width="498" valign="top" style="width: 373.5pt;border-top: none;border-left: none;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;padding: 0in 0in 0in 0in;height: 21.05pt">
  <div style="mso-style-name: &quot;Table Paragraph&quot;;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>
  </td>
 </tr>
 <tr style="height: 26.25pt">
  <td width="198" valign="top" style="width: 148.5pt;border: solid black 1.0pt;border-top: none;padding: 0in 0in 0in 0in;height: 26.25pt">
  <div style="mso-style-name: &quot;Table Paragraph&quot;;text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 5.35pt;margin-right: 0in;margin-top: 6.75pt;margin-bottom: .0001pt"><b>Department:</b></div>
  </td>
  <td width="498" valign="top" style="width: 373.5pt;border-top: none;border-left: none;border-bottom: solid black 1.0pt;border-right: solid black 1.0pt;padding: 0in 0in 0in 0in;height: 26.25pt">
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  for Year Ending:</b></div>
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<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .05pt;margin-bottom: .0001pt"><div style="font-size: 8.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-left: 28.0pt;margin-right: 0in;margin-top: 4.6pt;margin-bottom: .0001pt"><b><i>To: Franklin
Resources General Counsel, Legal Department</i></b></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .05pt;margin-bottom: .0001pt"><b><i>&#160;</i></b></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;text-align: justify;margin-left: 27.95pt;margin-right: 37.9pt;margin-top: 0in;margin-bottom: .0001pt">I acknowledge
receiving, reading and understanding the Franklin Templeton Fund&#8217;s Code of
Ethics for Principal Executive Officers and Senior Financial Officers (the
&#8220;Code&#8221;). I will comply fully with all provisions of the Code to the extent they
apply to me during the period of my employment. I further understand and
acknowledge that any violation of the Code may subject me to disciplinary
action, including termination of employment.</div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 10.0pt;display: inline;">&#160;</div></div>

<div style="text-autospace: none;font-size: 11.0pt;font-family: &quot;Arial&quot;,sans-serif;margin-left: 0in;margin-right: 0in;margin-top: .45pt;margin-bottom: .0001pt">

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  <td width="67"></td>
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<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>3
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<TEXT>
<html><head></head><body><div style="page: WordSection1">

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">I, Jeffrey W. White, certify that:</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;line-height: 50%;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">1. I have reviewed this report on
Form N-CSR of <b>Franklin Universal Trust</b>;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;margin-left: 0in;margin-right: 0in;margin-top: 6.0pt;margin-bottom: .0001pt">2. Based on my
knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in
light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report; <b>&#160;</b>&#160;</div>

<div style="mso-style-link: &quot;Body Text Indent Char&quot;;text-align: justify;text-indent: .25in;font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-top: 6.0pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 0in"><div style="font-size: 11.0pt;display: inline;">3. Based on my
knowledge, the financial statements, and other financial information included
in this report, fairly present in all material respects the financial
condition, results of operations, changes in net assets, and cash flows (if the
financial statements are required to include a statement of cash flows) of the
registrant as of, and for, the periods presented in this report;</div></div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;margin-left: 0in;margin-right: 0in;margin-top: 6.0pt;margin-bottom: .0001pt">4. The
registrant's other certifying officer(s) and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c)
under the Investment Company Act of 1940) and internal control over financial
reporting (as defined in Rule 30a-3(d) under the Investment Company Act of
1940) for the registrant and have:</div>

<div style="mso-style-link: &quot;Body Text Indent 2 Char&quot;;text-align: justify;text-indent: .25in;font-size: 11.5pt;font-family: &quot;Times New Roman&quot;,serif;margin-top: 6.0pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 0in"><div style="font-size: 11.0pt;display: inline;">(a) Designed such
disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the
period in which this report is being prepared;</div></div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;line-height: 50%;margin-left: 0in;margin-right: 0in;margin-top: 6.0pt;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">(b) Designed
such internal control over financial reporting, or caused such internal control
over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
generally accepted accounting principles;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;line-height: 50%;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">(c) Evaluated
the effectiveness of the registrant's disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of a date within 90 days prior to the
filing date of this report based on such evaluation; and</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;line-height: 50%;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">(d) Disclosed
in this report any change in the registrant&#8217;s internal control over financial
reporting that occurred during the second fiscal quarter of the period covered
by this report that has materially affected, or is reasonably likely to
materially affect, the registrant&#8217;s internal control over financial reporting;
and&#160; </div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;margin-left: 0in;margin-right: 0in;margin-top: 6.0pt;margin-bottom: .0001pt">5. The
registrant's other certifying officer(s) and I have disclosed to the
registrant's auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions):</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;margin-left: 0in;margin-right: 0in;margin-top: 6.0pt;margin-bottom: .0001pt">(a) All
significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to
adversely affect the registrant's ability to record, process, summarize, and
report financial information; and</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;margin-left: 0in;margin-right: 0in;margin-top: 6.0pt;margin-bottom: .0001pt">(b) Any fraud,
whether or not material, that involves management or other employees who have a
significant role in the registrant's internal control over financial reporting.</div>

<div style="mso-style-link: &quot;Plain Text Char&quot;;font-size: 10.0pt;font-family: &quot;Courier New&quot;;text-align: justify;line-height: 50%;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 11.0pt;line-height: 50%;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">10/28/2021</div>

<div style="mso-style-link: &quot;Body Text Char&quot;;line-height: 50%;font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;text-align: justify;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 11.0pt;line-height: 50%;display: inline;">&#160;</div></b></div>

<div style="mso-style-link: &quot;Body Text Char&quot;;line-height: 50%;font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;text-align: justify;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 11.0pt;line-height: 50%;display: inline;">&#160;</div></b></div>

<div style="mso-style-link: &quot;Body Text Char&quot;;line-height: 50%;font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;text-align: justify;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 11.0pt;line-height: 50%;display: inline;">&#160;</div></b></div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">S\JEFFREY W. WHITE</div>

<div style="mso-style-link: &quot;Body Text Char&quot;;line-height: 12.0pt;font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;text-align: justify;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 11.0pt;display: inline;">&#160;</div></b></div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">Jeffrey W. White</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">Interim Chief Financial Officer and Chief Accounting Officer
</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">I, Matthew T. Hinkle, certify that:</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;line-height: 50%;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">1. I have reviewed this report on
Form N-CSR of <b>Franklin Universal Trust</b>;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;margin-left: 0in;margin-right: 0in;margin-top: 6.0pt;margin-bottom: .0001pt">2. Based on my
knowledge, this report does not contain any untrue statement of a material fact
or omit to state a material fact necessary to make the statements made, in
light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report; <b>&#160;</b>&#160;</div>

<div style="mso-style-link: &quot;Body Text Indent Char&quot;;text-align: justify;text-indent: .25in;font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-top: 6.0pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 0in"><div style="font-size: 11.0pt;display: inline;">3. Based on my
knowledge, the financial statements, and other financial information included
in this report, fairly present in all material respects the financial
condition, results of operations, changes in net assets, and cash flows (if the
financial statements are required to include a statement of cash flows) of the
registrant as of, and for, the periods presented in this report;</div></div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;margin-left: 0in;margin-right: 0in;margin-top: 6.0pt;margin-bottom: .0001pt">4. The
registrant's other certifying officer(s) and I are responsible for establishing
and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c)
under the Investment Company Act of 1940) and internal control over financial
reporting (as defined in Rule 30a-3(d) under the Investment Company Act of
1940) for the registrant and have:</div>

<div style="mso-style-link: &quot;Body Text Indent 2 Char&quot;;text-align: justify;text-indent: .25in;font-size: 11.5pt;font-family: &quot;Times New Roman&quot;,serif;margin-top: 6.0pt;margin-right: 0in;margin-bottom: .0001pt;margin-left: 0in"><div style="font-size: 11.0pt;display: inline;">(a) Designed such
disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure that material
information relating to the registrant, including its consolidated subsidiaries,
is made known to us by others within those entities, particularly during the
period in which this report is being prepared;</div></div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;line-height: 50%;margin-left: 0in;margin-right: 0in;margin-top: 6.0pt;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">(b) Designed
such internal control over financial reporting, or caused such internal control
over financial reporting to be designed under our supervision, to provide
reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with
generally accepted accounting principles;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;line-height: 50%;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">(c) Evaluated
the effectiveness of the registrant's disclosure controls and procedures and
presented in this report our conclusions about the effectiveness of the
disclosure controls and procedures, as of a date within 90 days prior to the
filing date of this report based on such evaluation; and</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;line-height: 50%;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;text-autospace: none;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">(d) Disclosed
in this report any change in the registrant&#8217;s internal control over financial
reporting that occurred during the second fiscal quarter of the period covered
by this report that has materially affected, or is reasonably likely to
materially affect, the registrant&#8217;s internal control over financial reporting;
and&#160; </div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;margin-left: 0in;margin-right: 0in;margin-top: 6.0pt;margin-bottom: .0001pt">5. The
registrant's other certifying officer(s) and I have disclosed to the
registrant's auditors and the audit committee of the registrant's board of
directors (or persons performing the equivalent functions):</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;margin-left: 0in;margin-right: 0in;margin-top: 6.0pt;margin-bottom: .0001pt">(a) All
significant deficiencies and material weaknesses in the design or operation of
internal control over financial reporting which are reasonably likely to
adversely affect the registrant's ability to record, process, summarize, and
report financial information; and</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: .25in;margin-left: 0in;margin-right: 0in;margin-top: 6.0pt;margin-bottom: .0001pt">(b) Any fraud,
whether or not material, that involves management or other employees who have a
significant role in the registrant's internal control over financial reporting.</div>

<div style="mso-style-link: &quot;Plain Text Char&quot;;font-size: 10.0pt;font-family: &quot;Courier New&quot;;text-align: justify;line-height: 50%;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><div style="font-size: 11.0pt;line-height: 50%;font-family: &quot;Times New Roman&quot;,serif;display: inline;">&#160;</div></div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">10/28/2021</div>

<div style="mso-style-link: &quot;Body Text Char&quot;;line-height: 50%;font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;text-align: justify;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 11.0pt;line-height: 50%;display: inline;">&#160;</div></b></div>

<div style="mso-style-link: &quot;Body Text Char&quot;;line-height: 50%;font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;text-align: justify;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 11.0pt;line-height: 50%;display: inline;">&#160;</div></b></div>

<div style="mso-style-link: &quot;Body Text Char&quot;;line-height: 50%;font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;text-align: justify;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 11.0pt;line-height: 50%;display: inline;">&#160;</div></b></div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">S\MATTHEW T. HINKLE</div>

<div style="mso-style-link: &quot;Body Text Char&quot;;line-height: 12.0pt;font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;color: black;text-align: justify;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><b><div style="font-size: 11.0pt;display: inline;">&#160;</div></b></div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">Matthew T. Hinkle</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">Chief Executive Officer - Finance and Administration </div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

</div><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;"><br clear="all" style="page-break-before: always">
</div><div style="page: WordSection2">

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906 CERT
<SEQUENCE>4
<FILENAME>fut906.htm
<TEXT>
<html><head></head><body><div style="page: WordSection1">

<div style="mso-style-link: &quot;Title Char&quot;;text-align: center;font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;font-weight: bold;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350</div>

<div align="center" style="text-align: center;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><b>AS ADOPTED
PURSUANT TO SECTION 906</b></div>

<h1 style="mso-style-link: &quot;Heading 1 Char&quot;;text-align: center;page-break-after: avoid;font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">OF THE SARBANES-OXLEY ACT OF 2002</h1>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">I, Jeffrey W. White, Interim Chief Financial Officer of the <b>Franklin
Universal Trust</b> (the &#8220;Registrant&#8221;), certify, pursuant to 18 U.S.C. Section
1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,
that, to my knowledge:</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div align="left" style="text-align: left;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: -.5in;margin-left: .75in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">1.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div>The periodic report on Form N-CSR of the Registrant for the period ended
8/31/2021 (the &#8220;Form N-CSR&#8221;) fully complies with the requirements of Section
13(a) or 15(d) of the Securities Exchange Act of 1934; and</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div align="left" style="text-align: left;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: -.5in;margin-left: .75in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">2.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div>The information contained in the Form N-CSR fairly presents, in all
material respects, the financial condition and results of operations of the
Registrant.</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">Dated:&#160; 10/28/2021</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; S\JEFFREY W.
WHITE</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Jeffrey W.
White </div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">Interim Chief Financial Officer
and Chief Accounting Officer</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="mso-style-link: &quot;Title Char&quot;;text-align: center;font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;font-weight: bold;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350</div>

<div align="center" style="text-align: center;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt"><b>AS ADOPTED
PURSUANT TO SECTION 906</b></div>

<h1 style="mso-style-link: &quot;Heading 1 Char&quot;;text-align: center;page-break-after: avoid;font-size: 12.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">OF THE SARBANES-OXLEY ACT OF 2002</h1>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">I, Matthew T. Hinkle, Chief Executive Officer of the <b>Franklin
Universal Trust</b> (the &#8220;Registrant&#8221;), certify, pursuant to 18 U.S.C. Section
1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002,
that, to my knowledge:</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div align="left" style="text-align: left;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: -.5in;margin-left: .75in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">1.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div>The periodic report on Form N-CSR of the Registrant for the period ended
8/31/2021 (the &#8220;Form N-CSR&#8221;) fully complies with the requirements of Section
13(a) or 15(d) of the Securities Exchange Act of 1934; and</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div align="left" style="text-align: left;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;text-indent: -.5in;margin-left: .75in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">2.<div style="font: 7.0pt &quot;Times New Roman&quot;;display: inline;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
</div>The information contained in the Form N-CSR fairly presents, in all
material respects, the financial condition and results of operations of the
Registrant.</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">Dated:&#160; 10/28/2021</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; S\MATTHEW T.
HINKLE</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Matthew T.
Hinkle </div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">Chief Executive Officer - Finance
and Administration</div>

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </div>

</div><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;"><br clear="all" style="page-break-before: always">
</div><div style="page: WordSection2">

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 2.0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </div>

</div><div style="font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;display: inline;"><br clear="all" style="page-break-before: always">
</div><div style="page: WordSection3">

<div style="text-align: justify;font-size: 11.0pt;font-family: &quot;Times New Roman&quot;,serif;margin-left: 0in;margin-right: 0in;margin-top: 0in;margin-bottom: .0001pt">&#160;</div>

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