The fund may loan portfolio securities to qualified broker - dealers or other institutional investors provided: (1) the loan is secured continuously by collateral consisting of U.S. government securities, letters of credit, cash or cash equivalents or other appropriate instruments maintained on a daily
marked - to - market basis in an amount
at least equal to the current market value of the securities loaned; (2) the fund may
at any
time call the loan and obtain the return of the securities loaned; (3) the fund will receive any interest or dividends paid on the loaned securities; and (4) the aggregate market value of securities loaned will not
at any
time exceed one -
third of the total assets of the fund, including collateral received from the loan (
at market value computed
at the
time of the loan).