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This excerpt taken from the NXQ DEF 14A filed Jun 30, 2008. Municipal
Value
(i)(1) The Fund may not make short sales of securities or
purchase any securities on margin (except for such short-term
credits as are necessary for the clearance of transactions), or
write or purchase put or call options, except to the extent that
the purchase of a standby commitment may be considered the
purchase of a put, and except for transactions involving options
within the limits described under “Certain Trading
Strategies of the Fund — Financial Futures and Options
Transactions.”*
(ii)(1) The Fund may not purchase or sell commodities or
commodities contracts, except for transactions involving futures
contracts within the limits described under “Certain
Trading Strategies of the Fund — Financial Futures and
Options Transactions.”*
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