Notes to Financial Statements (Unaudited)
The majority of expenses of the Trust are directly identifiable to an individual fund. Expenses which are not
readily identifiable to a specific fund are allocated among the funds of the Trust taking into consideration, among
other things, the nature and type of expense and the relative size of the funds.
E. Commitments and contingencies
In the normal course of business, the Fund may enter into contracts and agreements that contain a variety of
representations and warranties, which provide general indemnifications. The maximum exposure to the Fund
under these arrangements is unknown, as this would involve future claims that may be made against the Fund that
have not yet occurred. However, based on experience, the Fund expects the risks of loss to be remote.
F. Affiliated issuers
Affiliated issuers are investment companies advised by Standish Mellon Asset Management Company LLC
("Standish Mellon"), a wholly-owned subsidiary of The Bank of New York Mellon Corporation ("BNY
Mellon"), or its affiliates.
G. New accounting requirements
In September 2006, the Financial Accounting Standards Board ("FASB") released Statement of Financial
Accounting Standards No. 157 "Fair Value Measurements" ("FAS 157"). FAS 157 establishes an authoritative
definition of fair value, sets out a framework for measuring fair value, and requires additional disclosures about
fair-value measurements. The application of FAS 157 is required for fiscal years beginning after November 15,
2007 and interim periods within those fiscal years. Management is evaluating the implications of FAS 157 and its
impact, if any, in the financial statements has not yet been determined.
In March 2008, the FASB released Statement of Financial Accounting Standards No. 161, Disclosures about
Derivative Instruments and Hedging Activities ("FAS 161"). FAS 161 requires qualitative disclosures about
objectives and strategies for using derivatives, quantitative disclosures about fair valu