The term "qualifying investment securities" means the following:

1. (1) Common stock, including preferred or debt securities convertible into common stock, and preferred stock.
2. (2) Bonds, debentures, and other debt securities.
3. (3) Foreign and domestic currency deposits secured by federal, state, or local governmental agencies.
4. (4) Mortgage or asset-backed securities secured by federal, state, or local governmental agencies.
5. (5) Repurchase agreements and loan participations.
6. (6) Foreign currency exchange contracts and forward and futures contracts on foreign currencies.
7. (7) Stock and bond index securities and futures contracts and other similar financial securities and futures contracts on those securities.
8. (8) Options for the purchase or sale of any of the securities, currencies, contracts, or financial instruments described in subdivisions (1) through (7).
9. (9) Regulated futures contracts.
10. (10) Commodities (not described in Section 1221(a)(1) of the Internal Revenue Code) or futures, forwards, and options with respect to such commodities, provided, however, that any item of a physical commodity to which title is actually acquired in the partnership's capacity as a dealer in such commodity shall not be a qualifying investment security.
11. (11) Derivatives.
12. (12) A partnership interest in another partnership that is an investment partnership.
13. (13) A partnership interest that, in the hands of the partnership, qualifies as a security within the meaning of 15 U.S.C. 77b(a)(1).

As added by P.L.230-2025, SEC.67.