1. 5939-1

2. 6049-2 Networking for Standardized Data Reporting Bank Depository User Group October 16, 2007 Networking for Standardized Data Reporting Bank Depository User Group October 16, 2007 National Securities Clearing Corporation is a subsidiary of The Depository Trust & Clearing Corporation Wealth Management Services 5939-2

3. 6049-3 Background SEC Redemption Fee Rule 22c-2 Board of Director's Meeting Written agreements Frequent trading monitoring Redemption fee monitoring Restrictions

4. 6049-4 Background Investment Company Institute (ICI) Standardized Data Reporting Working Group Communications Taskforce Guidelines Taskforce Technical Design Taskforce

5. 6049-5 Communications Taskforce Provides ICI members with information on Rule 22c-2 initiatives Meetings Conference calls Memos Agreements Package

6. 6049-6 Communications Taskforce Worked with a number of other industry groups to communicate with their constituencies: American Bankers Association (ABA) American Society of Pension Professionals and Actuaries (ASPPA) Securities Industry Association (SIA) Society of Professional Administrators and Recordkeepers (SPARK)

7. 6049-7 Guidelines Taskforce Provides guidelines for Standardized Data Reporting (SDR) via NSCC Definitions Best Practices Examples

8. 6049-8 Technical Design Taskforce Designed SDR functionality Processing Flow Critical Data Elements Data Definitions Common Terms Record Layouts

9. 6049-9 Common Terms and Definitions Omnibus – an account held at the fund representing assets for multiple investors Plan Account – a qualified retirement account containing multiple plan participants Super Omnibus – an account held at the fund containing assets of more than one omnibus account

10. 6049-10 Common Terms and Definitions Intermediary – the company or institution from which the fund is requesting data Underlying Intermediary – a related entity that transacts with the funds through services provided by an intermediary

11. 6049-11 Common Terms and Definitions Category 1 Transactions Commonly considered to be participant- directed transactions Commonly considered to be transactions where the investor or rep may have sufficient control to perform market timing

12. 6049-12 Common Terms and Definitions Category 2 Transactions Commonly considered to be non-participant directed transactions Commonly considered to be transactions where the investor or rep does not have sufficient control to perform market timing

13. 6049-13 SDR Data Flow

14. 6049-14 SDR Data Request Required Key Data Firm Participant Number Fund Participant Number Security Issue ID Account Identifiers SDR Control Number

15. 6049-15 SDR Data Request Required Key Data SDR Request Type Fund Account Level Plan Level Investor Omnibus Account Fund/SERV® Control Number Rep Level Stop Recurring

16. 6049-16 SDR Data Request Search Parameters – used to customize the request and assist the intermediary in giving the best possible response Date Range Social Security Number/Tax Identification Number Transaction Type (Buy/Sell) Threshold Amount

17. 6049-17 SDR Acknowledgement Acknowledgement Response will be provided, or Request will be forwarded to underlying firm

18. 6049-18 SDR Reject Intermediary Reject NSCC Reject Reject codes are available for both scenarios

19. 6049-19 SDR Summary Response Super Omnibus Identifies underlying accounts Provides summary trading information Helps funds identify accounts to monitor May prompt separate detail request for additional information on accounts

20. 6049-20 SDR Summary Response Required Key Data Plan ID/Investor Omnibus Account Number Dollar value of buys and sells

21. 6049-21 SDR Summary Response Optional Key Data Number of Category 1 buys and sells Number of shares in Plan/Investor Omnibus Account End-of-day dollar balance Social Code

22. 6049-22 SDR Detail Response Plan/Omnibus Account Level Provides trading detail for all individuals within an account Investor/Shareholder Account Level Provides trading detail for a specific individual

23. 6049-23 SDR Detail Response Required Key Data Social Security Number/Tax Identification Number Transaction Type Transaction Category Trade Date Dollar/Share/Price

24. 6049-24 SDR Detail Response Optional Key Data Transaction Source Transaction Code STR Fee Amount CDSC Amount

25. 6049-25 Systems Interface Mainframe Fund Request Firm Response NSCC Rejects and Reminders Distributed (XML Messaging) Fund Request Input Only

26. 6049-26 Systems Interface New Datatrak SYSIDs Production Fund Input – 26398 Firm Input – 26327 PSE Fund Input – 46398 Firm Input – 46327

27. 6049-27 Systems Interface New Autoroute Numbers Production Fund Request (and NSCC Reminders) – 02100298 Firm Response – 02100327 PSE Fund Request (and NSCC Reminders) – 02980298 Firm Response – 02980327

28. 6049-28 Hours of Operation Monday – Friday Multibatch (all times are eastern) Input 9:00 a.m., 12:00 p.m. and 3:00 p.m. Extract 10:00 a.m., 1:00 p.m. and 4:00 p.m. Saturday Input 9:00 a.m., 12:00 p.m. and 2:00 p.m. Extract 10:00 a.m., 1:00 p.m. and 3:00 p.m.

29. 6049-29 Your Relationship Manager Mutual Fund Marketing 212-855-8877 http://funds.dtcc.com Important Notices Manuals User Guides Record Layouts Resources

30. 6049-30 Questions? Mutual Fund Services