It is not possible to anticipate, or explicitly provide for, all circumstances that might be viewed as a conflict of interest impacting a Trustee’s ability to exercise his or her independent judgment. Accordingly, the Board of Trustees, when making its “independence” determinations, broadly considers all relevant facts and circumstances. No Trustee qualifies as “independent” unless the Board affirmatively determines that such Trustee has no relationships with the Trust that would impair his or her independence. This Trustee Independence Policy is intended to help the Board of Trustees in making its independence determinations. View our company Trustee Independence Policy [PDF].