# EDGAR Filing Document

**Accession Number:** 0001590402
**File Stem:** 0001193125-26-275060
**Filing Date:** 2026-6
**Character Count:** 23063
**Document Hash:** 3e5b6d6b7e5d106ef3be76f9715794da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-275060.hdr.sgml**: 20260618

**ACCESSION NUMBER**: 0001193125-26-275060

**CONFORMED SUBMISSION TYPE**: POS EX

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20260618

**DATE AS OF CHANGE**: 20260618

**EFFECTIVENESS DATE**: 20260618

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cohen & Steers ETF Trust
- **CENTRAL INDEX KEY:** 0001590402

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** POS EX
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-294847
- **FILM NUMBER:** 261100538

**BUSINESS ADDRESS:**
- **STREET 1:** 1166 AVENUE OF THE AMERICAS
- **STREET 2:** 30TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-832-3232

**MAIL ADDRESS:**
- **STREET 1:** 1166 AVENUE OF THE AMERICAS
- **STREET 2:** 30TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**As filed with the Securities and Exchange Commission on June 18, 2026** 

**Securities Act Registration No. 333-294847** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**FORM N-14** 

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

☐ **Pre-Effective Amendment No.** 

☒ **Post-Effective Amendment No. 1** 

## COHEN & STEERS ETF TRUST
**(Exact Name of Registrant as Specified in Charter)** 

**1166 Avenue of the Americas, 30<sup>th</sup> Floor** 

**New York, New York 10036** 

**(Address of Principal Executive Offices)** 

**212-832-3232** 

**(Registrant's Telephone Number, including Area Code)** 

**Dana A. DeVivo** 

**Cohen & Steers, Inc.** 

**1166 Avenue of the Americas, 30<sup>th</sup> Floor** 

**New York, New York 10036** 

**(Name and Address of Agent for Service)** 

***With Copies to:***

---

| | |
|:---|:---|
| **Michael G. Doherty, Esq.**<br> **Ropes & Gray LLP**<br> **1211 Avenue of the Americas**<br> **New York, New York 10036** | **Brian D. McCabe, Esq.**<br> **Keith S. MacLeod, Esq.**<br> **Ropes & Gray LLP**<br> **800 Boylston Street**<br> **Boston, Massachusetts 02199** |

---

It is proposed that this filing will become effective on June 18, 2026, pursuant to Rule 462(d) under the Securities Act of 1933, as amended.

**Explanatory Note:** This Post-Effective Amendment No. 1 is being made for the purpose of filing the executed opinion of counsel as to tax matters and consequences to shareholders related to the reorganization of Cohen & Steers Future of Energy Fund, Inc. into Cohen & Steers Future of Energy Active ETF, a series of the Cohen & Steers ETF Trust.

This Post-Effective Amendment No. 1 to the Cohen & Steers ETF Trust Registration Statement on Form N-14 hereby incorporates by reference such [Registration Statement, in the form filed on May 4, 2026 pursuant to Rule 497 of the Securities Act (SEC Accession No. 0001193125-26-203707)](http://www.sec.gov/Archives/edgar/data/1590402/000119312526203707/d51653d497.htm).

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PART C

OTHER INFORMATION

**Item 15.** **Indemnification** <br>

It is the Registrant's policy to indemnify its trustees, officers, employees and other agents to the maximum extent permitted by the laws of the State of Maryland as set forth in Article IX of Registrant's Amended and Restated Declaration of Trust, filed as Exhibit (1)(b) to this Registration Statement. The liability of the Registrant's trustees and officers is dealt with in Article IX of Registrant's Amended and Restated Declaration of Trust. The liability of Cohen & Steers Capital Management, Inc., the Registrant's investment advisor (the "Advisor"), for any loss suffered by the Registrant or its shareholders is set forth in Section 5 of the Investment Advisory Agreement, filed as Exhibit (6)(a) to this Registration Statement. The liability of State Street Bank and Trust Company, the Registrant's administrator, for any loss suffered by the Registrant or its shareholders is set forth in Section 8 of the Administration Agreement, filed as Exhibit (13)(a) to this Registration Statement. The liability of Foreside Fund Services, LLC, the Registrant's distributor, for any loss suffered by the Registrant or its shareholders is set forth in Section 6 of the Distribution Agreement filed as Exhibit (7)(a) to this Registration Statement.

Insofar as indemnification for liabilities under the Securities Act of 1933 may be permitted to the trustees and officers, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in such Act and is therefore unenforceable. If a claim for indemnification against such liabilities under the Securities Act of 1933 (other than for expenses incurred in a successful defense) is asserted against the Registrant by the trustees or officers in connection with the Registrant's shares, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by it is against public policy as expressed in such Act and will be governed by the final adjudication of such issue.

**Item 16.** **Exhibits** <br>

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| | |
|:---|:---|
| (1)(a) | [Certificate of Trust](http://www.sec.gov/Archives/edgar/data/1590402/000119312524192455/d828577dex99ai.htm)<sup>(1)</sup> |
| (1)(b) | [Amended and Restated Declaration of Trust](http://www.sec.gov/Archives/edgar/data/1590402/000119312524192455/d828577dex99aii.htm)<sup>(1)</sup> |
| (1)(b)(i) | [Amended Schedule A to the Amended and Restate Declaration of Trust, dated February 6, 2026](http://www.sec.gov/Archives/edgar/data/1590402/000119312526042033/d70592dex99aii1.htm)<sup>(2)</sup> |
| (2) | [By-laws](http://www.sec.gov/Archives/edgar/data/1590402/000119312524232266/d828577dex99b.htm)<sup>(3)</sup> |
| (3) | Not applicable. |
| (4) | [Form of Agreement and Plan of Reorganization](http://www.sec.gov/Archives/edgar/data/1590402/000119312526139944/d72441dex994.htm)<sup>(4)</sup> |
| (5) | The rights of security holders are defined in the Registrant's Amended and Restated Declaration of Trust (Article IV), filed as Exhibit (1)(b) to this Registration Statement. |
| (6)(a) | [Investment Advisory Agreement](http://www.sec.gov/Archives/edgar/data/1590402/000119312524272540/d899630dex99d.htm)<sup>(5)</sup> |
| (6)(a)(i) | [Amendment to the Advisory Agreement](http://www.sec.gov/Archives/edgar/data/1590402/000119312526203476/d121141dex99di1.htm)<sup>(6)</sup> |
| (6)(b) | [Subadvisory Agreement with Cohen & Steers Asia Limited](http://www.sec.gov/Archives/edgar/data/1590402/000119312525015626/d897132dex99dii.htm)<sup>(7)</sup> |
| (6)(b)(i) | [Amendment to the Subadvisory Agreement with Cohen & Steers Asia Limited](http://www.sec.gov/Archives/edgar/data/1590402/000119312526203476/d121141dex99dii1.htm)<sup>(6)</sup> |
| (6)(c) | [Subadvisory Agreement with Cohen & Steers UK Limited](http://www.sec.gov/Archives/edgar/data/1590402/000119312525015626/d897132dex99diii.htm)<sup>(7)</sup> |

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| | |
|:---|:---|
| (6)(c)(i) | [Amendment to Subadvisory Agreement with Cohen & Steers UK](http://www.sec.gov/Archives/edgar/data/1590402/000119312526203476/d121141dex99diii1.htm)<sup>(6)</sup> |
| (7)(a) | [ETF Distribution Agreement](http://www.sec.gov/Archives/edgar/data/1590402/000119312524272540/d899630dex99ei.htm)<sup>(5)</sup> |
| (7)(a)(i) | [First Amendment to the ETF Distribution Agreement](http://www.sec.gov/Archives/edgar/data/1590402/000119312525298560/d50823dex99ei1.htm)<sup>(8)</sup> |
| (7)(a)(ii) | [Second Amendment to the ETF Distribution Agreement](http://www.sec.gov/Archives/edgar/data/1590402/000119312526203476/d121141dex99ei2.htm)<sup>(6)</sup> |
| (8) | Not applicable. |
| (9)(a) | [Custody Agreement](http://www.sec.gov/Archives/edgar/data/1590402/000119312524272540/d899630dex99g.htm)<sup>(5)</sup> |
| (9)(a)(i) | [Amendment to Custodian Agreement](http://www.sec.gov/Archives/edgar/data/1590402/000119312526203476/d121141dex99gi.htm)<sup>(6)</sup> |
| (10) | [Amended Distribution and Service Plan](http://www.sec.gov/Archives/edgar/data/1590402/000119312526203476/d121141dex99m.htm)<sup>(6)</sup> |
| (11) | [Opinion and Consent of Venable LLP](http://www.sec.gov/Archives/edgar/data/1590402/000119312526139944/d72441dex9911.htm)<sup>(4)</sup> |
| (12) | [Opinion and Consent of Ropes & Gray LLP regarding tax matters](d153062dex9912.htm)<sup>(\*)</sup> |
| (13)(a) | [Administration Agreement](http://www.sec.gov/Archives/edgar/data/1590402/000119312524272540/d899630dex99hi.htm)<sup>(5)</sup> |
| (13)(a)(i) | [Amendment to the Administration Agreement](http://www.sec.gov/Archives/edgar/data/1590402/000119312526203476/d121141dex99hi1.htm)<sup>(6)</sup> |
| (13)(b) | [Transfer Agency and Service Agreement](http://www.sec.gov/Archives/edgar/data/1590402/000119312524272540/d899630dex99hii.htm)<sup>(5)</sup> |
| (13)(b)(i) | [Amendment to the Transfer Agency and Service Agreement](http://www.sec.gov/Archives/edgar/data/1590402/000119312526203476/d121141dex99hii1.htm)<sup>(6)</sup> |
| (13)(c) | [Form of Authorized Participant Agreement](http://www.sec.gov/Archives/edgar/data/1590402/000119312524272540/d899630dex99eii.htm)<sup>(5)</sup> |
| (14) | [Consent of Independent Registered Public Accounting Firm](http://www.sec.gov/Archives/edgar/data/1590402/000119312526139944/d72441dex9914.htm)<sup>(4)</sup> |
| (15) | Not applicable. |
| (16) | [Powers of attorney](http://www.sec.gov/Archives/edgar/data/1590402/000119312524232266/d828577dex99s.htm)<sup>(3)</sup> |

---

\* Filed herewith.

(1) [Incorporated by reference to Registrant's Initial Registration Statement on Form N-1A filed with the Securities and Exchange Commission (the "Commission"), on August 2, 2024 (Accession No. 0001193125-24-192455).](http://www.sec.gov/Archives/edgar/data/1590402/000119312524192455/d828577dn1a.htm)

(2) [Incorporated by reference to Registrant's Post-Effective Amendment No. 4 with the Commission, on February 9, 2026 (Accession No. 0001193125-26-042033).](http://www.sec.gov/Archives/edgar/data/1590402/000119312526042033/d70592d485apos.htm)

(3) [Incorporated by reference to Registrant's Pre-Effective Amendment No. 1 to its Registration Statement on Form N-1A filed with the Commission on October 3, 2024 (Accession No. 0001193125-24-232266).](http://www.sec.gov/Archives/edgar/data/1590402/000119312524232266/d828577dn1aa.htm)

(4) [Incorporated by reference to Registrant's initial N-14 registration statement filed with the Commissions on April 2, 2026 (Accession No. 0001193125-26-139944).](http://www.sec.gov/Archives/edgar/data/1590402/000119312526139944/d72441dn14.htm)

(5) [Incorporated by reference to Registrant's Pre-Effective Amendment No. 2 to its Registration Statement on Form N-1A filed with the Commission on December 6, 2024 (Accession No. 0001193125-24-272540).](http://www.sec.gov/Archives/edgar/data/1590402/000119312524272540/d899630dn1aa.htm)

(6) [Incorporated by reference to Registrant's Post-Effective Amendment No. 6 to its Registration Statement on Form N-1A filed with the Commission on May 4, 2026 (Accession No. 0001193125-26-203476).](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1590402/000119312526203476/d121141d485bpos.htm)

(7) [Incorporated by reference to Registrant's Pre-Effective Amendment No. 3 to its Registration Statement on Form N-1A filed with the Commission on January 29, 2025 (Accession No. 0001193125-25-015626).](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1590402/000119312525015626/d897132dn1aa.htm)

(8) [Incorporated by reference to Registrant's Post-Effective Amendment No. 3 to its Registration Statement on Form N-1A filed with the Commission on November 26, 2025 (Accession No. 0001193125-25-298560).](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1590402/000119312525298560/d50823d485bpos.htm)

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**Item 17.** **Undertakings** <br>

(1) The undersigned Registrant agrees that prior to any public reoffering of the securities registered through the use of a prospectus which is a part of this registration statement by any person or party who is deemed to be an underwriter within the meaning of Rule 145(c) under the Securities Act of 1933, the reoffering prospectus will contain the information called for by the applicable registration form for reofferings by persons who may be deemed underwriters, in addition to the information called for by the other items of the applicable form.

(2) The undersigned Registrant agrees that every prospectus that is filed under paragraph (1) above will be filed as a part of an amendment to the registration statement and will not be used until the amendment is effective, and that, in determining any liability under the Securities Act of 1933 each post-effective amendment shall be deemed to be a new registration statement for the securities offered therein, and the offering of the securities at that time shall be deemed to be the initial bona fide offering of them.

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**<u>SIGNATURES</u>**

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed on behalf of the Registrant, in the City of New York, State of New York, on the 18<sup>th</sup> day of June, 2026.

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| | |
|:---|:---|
| **COHEN & STEERS ETF TRUST** | **COHEN & STEERS ETF TRUST** |
| By: | /s/ James Giallanza |
|  | **JAMES GIALLANZA** |
|  | President and CEO |

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As required by the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

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| | | |
|:---|:---|:---|
| <u>Signatures</u> | <u>Title</u> | <u>Date</u> |
| /s/ JAMES GIALLANZA<br> **(JAMES GIALLANZA)** | President and Chief Executive Officer<br> (Principal Executive Officer) | June 18, 2026 |
| /s/ AL LASKAJ<br> **(AL LASKAJ)** | Chief Financial Officer (Principal Financial and<br> Accounting Officer) | June 18, 2026 |
| \*<br> **(JOSEPH M. HARVEY)** | Trustee | June 18, 2026 |
| \*<br> **(ADAM M. DERECHIN)** | Trustee | June 18, 2026 |
| \*<br> **(MICHAEL G. CLARK)** | Trustee | June 18, 2026 |
| \*<br> **(DEAN A. JUNKANS)** | Trustee | June 18, 2026 |
| \*<br> **(GEORGE GROSSMAN)** | Trustee | June 18, 2026 |
| \*<br> **(GERALD J. MAGINNIS)** | Trustee | June 18, 2026 |
| \*<br> **(JANE F. MAGPIONG)** | Trustee | June 18, 2026 |
| \*<br> **(DAPHNE L. RICHARDS)** | Trustee | June 18, 2026 |
| \*<br> **(RAMONA ROGERS-WINDSOR)** | Trustee | June 18, 2026 |

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| | |
|:---|:---|
| \*By: | /s/ Dana A. DeVivo |
|  | **DANA A. DEVIVO** |
|  | **ATTORNEY-IN-FACT** |

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EXHIBIT INDEX

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| | |
|:---|:---|
| Exhibit No. | Description |
| (12) | [Opinion and Consent of Ropes & Gray LLP regarding tax matters](d153062dex9912.htm) |

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## Ex-99.(12)

**Exhibit 12** 

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| | |
|:---|:---|
| ![LOGO](g153062g0616235759660.jpg) | ROPES & GRAY LLP<br> PRUDENTIAL TOWER<br> 800 BOYLSTON STREET<br> BOSTON, MA 02199-3600<br> WWW.ROPESGRAY.COM |

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June 12, 2026

Cohen & Steers Future of Energy Fund, Inc.

1166 Avenue of the Americas, 30th Floor

New York, NY 10036

Cohen & Steers Future of Energy Active ETF

Cohen & Steers ETF Trust

1166 Avenue of the Americas, 30th Floor

New York, NY 10036

Ladies and Gentlemen:

We have acted as counsel in connection with the Agreement and Plan of Reorganization (the "Agreement") dated March 10, 2026, by and among (i) Cohen & Steers ETF Trust, a Maryland statutory trust ("Acquiring Trust"), on behalf of one of its series, Cohen & Steers Future of Energy Active ETF ("Acquiring Fund"), (ii) Cohen & Steers Future of Energy Fund, Inc., a Maryland corporation ("Acquired Fund"), and (iii) for purposes of Section 9.2 of the Agreement only, Cohen & Steers Capital Management, Inc. ("Investment Manager"). The Agreement describes a proposed transaction (the "Reorganization") to occur as of the date of this letter, pursuant to which Acquiring Fund will acquire all of the assets of Acquired Fund in exchange for shares of beneficial interest in Acquiring Fund (the "Acquiring Fund Shares") and the assumption by Acquiring Fund of all of the liabilities of Acquired Fund following which the Acquiring Fund Shares received by Acquired Fund will be distributed by Acquired Fund to its stockholders (other than Cash-Out Shareholders) in liquidation and termination of Acquired Fund. This opinion as to certain U.S. federal income tax consequences of the Reorganization is furnished to you pursuant to Sections 8.5 of the Agreement. Capitalized terms not defined herein are used herein as defined in the Agreement.

Acquired Fund is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. Shares of Acquired Fund are redeemable at net asset value at each stockholder's option. Acquired Fund has elected to be a regulated investment company for federal income tax purposes under Section 851 of the Internal Revenue Code of 1986, as amended (the "Code").

Acquiring Fund is a series of Acquiring Trust, which is registered under the 1940 Act as an open-end management investment company. Acquiring Fund operates as an exchange-traded fund; shares of Acquiring Fund are redeemable at net asset value only by authorized participants transacting in creation units and are traded on a national securities exchange.

3.4.3 ------

Ropes & Gray LLP June 12, 2026

For purposes of this opinion, we have considered the Agreement, the combined Prospectus/Information Statement dated May 4, 2026, and such other items as we have deemed necessary to render this opinion. In addition, each of Acquired Fund and Acquiring Fund has provided us with a letter dated as of the date hereof (collectively, the "Representation Letters") representing as to certain facts, occurrences and information upon which each of Acquired Fund and Acquiring Fund has indicated that we may rely in rendering this opinion (whether or not contained or reflected in the documents and items referred to above).

In reviewing the foregoing materials, we have assumed, with your permission, the authenticity of original documents, the accuracy of copies, the genuineness of signatures, the legal capacity of signatories, and the proper execution of documents. We have further assumed that (i) all parties to the Agreement and any other documents examined by us have acted, and will act, in accordance with the terms of such Agreement and documents, and that the Reorganization will be consummated pursuant to the terms and conditions set forth in the Agreement without the waiver or modification of any such terms and conditions; and (ii) all representations contained in the Agreement, as well as those representations contained in the Representation Letters, are true and complete.

Based on and subject to the foregoing and subject to the final paragraph hereof, we are of the opinion that, for U.S. federal income tax purposes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Reorganization will constitute a "reorganization" within the meaning of Section 368(a)(1)(F)
of the Code, and Acquiring Fund and Acquired Fund each will be "a party to a reorganization" within the meaning of Section 368(b) of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Under Sections 361 and 357(a) of the Code, Acquired Fund will not recognize gain or loss upon the transfer
of Acquired Fund's assets to Acquiring Fund in exchange for Acquiring Fund Shares and the assumption by Acquiring Fund of all the liabilities of Acquired Fund, or upon the distribution of Acquiring Fund Shares by Acquired Fund to its
stockholders in liquidation (except with respect to Cash-Out Shareholders);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Under Section 354 of the Code, Acquired Fund stockholders will not recognize any gain or loss upon the
exchange of their Acquired Fund shares for Acquiring Fund Shares in the Reorganization (except with respect to cash received by such Acquired Fund stockholders in redemption of shares or fractional shares prior to the Reorganization or cash received
by Cash-Out Shareholders);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Under Section 358 of the Code, the aggregate tax basis of Acquiring Fund Shares an Acquired Fund
stockholder receives in the Reorganization will be the same as the aggregate tax basis of the Acquired Fund shares exchanged therefor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) Under Section 1223(1) of the Code, an Acquired Fund stockholder's holding period for the
Acquiring Fund Shares received in the Reorganization will be determined by including the period during which such stockholder held or is treated for federal income tax purposes as having held the Acquired Fund shares exchanged therefor, provided
that the stockholder held those Acquired Fund shares as capital assets;

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Ropes & Gray LLP June 12, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) Under Section 1032 of the Code, Acquiring Fund will not recognize gain or loss upon the receipt of the
assets of Acquired Fund in exchange for Acquiring Fund Shares and the assumption by Acquiring Fund of all the liabilities of Acquired Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Under Section 362(b) of the Code, Acquiring Fund's tax basis in the assets of Acquired Fund
transferred to Acquiring Fund in the Reorganization will be the same as Acquired Fund's tax basis immediately prior to the transfer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) Under Section 1223(2) of the Code, the holding period in the hands of Acquiring Fund of each Acquired
Fund asset transferred to Acquiring Fund in the Reorganization will include the period during which such asset was held or treated for federal income tax purposes as held by Acquired Fund; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) Acquiring Fund will succeed to and take into account the items of Acquired Fund described in
Section 381(c) of the Code, subject to any existing conditions and limitations specified in Sections 381, 382, 383 and 384 of the Code and the Regulations thereunder (if any).

No ruling has been or will be obtained from the IRS as to the subject matter of this opinion and there can be no assurance that the IRS or a court of law will concur with the opinion set forth above. Our opinion is based on the Code, Treasury Regulations, IRS rulings, judicial decisions, and other applicable authority, all as in effect on the date of this opinion. The legal authorities on which this opinion is based may be changed at any time. Any such changes may be retroactively applied and could modify the opinions expressed above.

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| |
|:---|
| Very truly yours, |
| ![LOGO](g153062dsp10.jpg) |
| Ropes & Gray LLP |

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