Common use of Investment Advisory Duties Clause in Contracts

Investment Advisory Duties. Subject to the supervision of the Trustees of the Trust, the Adviser will (a) provide a program of continuous investment management for the Fund in accordance with the Fund's investment objectives, policies and limitations as stated in the Fund's prospectus and Statement of Additional Information included as part of the Trust's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the Trust; (b) make investment decisions for the Fund; and (c) place orders to purchase and sell securities for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolio. The Adviser will determine what portion of the Fund's portfolio shall be invested in securities and other assets, and what portion if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Trustees of the TrustGroup, the Adviser will (a) provide a program of continuous investment management for the Fund in accordance with the Fund's investment objectives, policies and limitations as stated in the Fund's prospectus and Statement of Additional Information included as part of the TrustGroup's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustGroup; (b) make investment decisions for the Fund; and (c) place orders to purchase and sell securities for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolio. The Adviser will determine what portion of the Fund's portfolio shall be invested in securities and other assets, and what portion if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Trustees Directors of the TrustFund, the Adviser will (a) provide a program of continuous investment management for the Fund in accordance with the Fund's investment objectives, policies and limitations as stated in the Fund's prospectus Prospectus and Statement of Additional Information included as part of the TrustFund's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustFund; (b) make investment decisions for the Fund; and (c) place orders to purchase and sell securities for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolio. The Adviser will determine what portion of the Fund's portfolio shall be invested in securities and other assets, and what portion if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Trustees of the Trust, the Adviser will will: (a) provide a program of continuous investment management for the Fund in accordance with the Fund's ’s investment objectives, policies and limitations as stated in the Fund's ’s prospectus and Statement of Additional Information included as part of the Trust's ’s Registration Statement filed with the Securities and Exchange CommissionCommission (“SEC”), as they may be amended from time to time, copies of which shall be provided to the Adviser by the Trust; (b) make investment decisions for the Fund; and (c) place orders to purchase and sell securities for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's ’s portfolio. The Adviser will determine what portion of the Fund's ’s portfolio shall be invested in securities and other assets, and what portion portion, if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Trustees Directors of the TrustFund, the Adviser will (a) provide a program of continuous investment management for the Fund each Series in accordance with the Fund's investment objectives, policies and limitations of that Series as stated in the Fund's combined prospectus and Statement of Additional Information included as part of the TrustFund's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustFund; (b) make investment decisions for the FundSeries; and (c) place orders to purchase and sell securities for the FundSeries. In performing its investment management services to the Fund Series hereunder, the Adviser will provide the Fund Series with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, currencies, repurchase agreements, futures, options and other investments and techniques that the Fund each Series will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolioportfolio of each Series. The Adviser will determine what portion of the Fund's portfolio of each Series shall be invested in securities and other assets, assets and what portion portion, if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, that it will:

Investment Advisory Duties. Subject to the supervision of the Trustees of the Trust, the Adviser will (a) provide a program of continuous investment management for the Fund Funds in accordance with the Fund's Funds' investment objectives, policies and limitations as stated in the FundTrust's combined prospectus and Statement of Additional Information included as part of the Trust's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the Trust; (b) make investment decisions for the FundFunds; and (c) place orders to purchase and sell securities for the FundFunds. In performing its investment management services to the Fund Funds hereunder, the Adviser will provide the Fund Funds with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, currencies, repurchase agreements, futures, options and other investments and techniques that the Fund Funds will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolioFunds' portfolios. The Adviser will determine what portion of the Fund's portfolio Funds' portfolios shall be invested in securities and other assets, assets and what portion portion, if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, that it will:

Investment Advisory Duties. Subject to the supervision of the Trustees Directors of the TrustFund, the Adviser will (a) provide a program of continuous investment management for the Fund in accordance with the Fund's investment objectives, policies and limitations as stated in the Fund's prospectus Prospectus and Statement of Additional Information included as part of the TrustFund's Registration Statement filed with the Securities and Exchange CommissionCommission ("SEC"), as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustFund; (b) make investment decisions for the Fund; and (c) place orders to purchase and sell securities for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolio. The Adviser will determine what portion of the Fund's portfolio shall be invested in securities and other assets, and what portion if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Trustees of the Trust, the Adviser will (a) provide a program of continuous investment management for the Fund in accordance with the Fund's investment objectives, policies and limitations as stated in the Fund's prospectus and Statement of Additional Information included as part of the Trust's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the Trust; : (b) make investment decisions for the Fund; : and (c) place orders to purchase and sell securities for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolio. The Adviser will determine what portion of the Fund's portfolio shall be invested in securities and other assets, and what portion portion, if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Trustees of the TrustFund, the Adviser will will, (a) provide a program of continuous investment management for the Fund Portfolios in accordance with the Fund's Portfolios’ investment objectives, policies and limitations as stated in the Fund's prospectus each Portfolio’s Prospectus(es) and Statement Statement(s) of Additional Information included as part of the Trust's Fund’s Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustFund; (b) make asset allocation and investment decisions for the FundPortfolios; and (c) place orders to purchase and sell securities for the FundPortfolios. In performing its investment management services to the Fund Portfolios hereunder, the Adviser will provide the Fund Portfolios with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data data, and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options options, futures and other investments and techniques that the Fund Portfolios will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolioPortfolios’ investments. The Adviser will determine what portion of the Fund's portfolio Portfolios’ investments shall be invested in securities and other assets, and what portion portion, if any, should be held uninvested. The Adviser further agrees thatshall furnish to the Fund adequate (i) office space, which may be space within the offices of the Adviser or in performing its duties hereundersuch other places as may be agreed upon from time to time, it will:and

Investment Advisory Duties. Subject to the supervision of the Trustees of the Trust, the Adviser will (a) provide a program of continuous investment management for the Fund in accordance with the Fund's ’s investment objectives, policies and limitations as stated in the Fund's ’s prospectus and Statement of Additional Information included as part of the Trust's ’s Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the Trust; (b) make investment decisions for the Fund; and (c) place orders to purchase and sell securities for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's ’s portfolio. The Adviser will determine what portion of the Fund's ’s portfolio shall be invested in securities and other assets, and what portion portion, if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Trustees of the Trust, the Adviser will (a) provide a program of continuous investment management for the Fund in accordance with the Fund's ’s investment objectives, policies and limitations as stated in the Fund's ’s prospectus and Statement of Additional Information included as part of the Trust's ’s Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the Trust; : (b) make investment decisions for the Fund; : and (c) place orders to purchase and sell securities for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's ’s portfolio. The Adviser will determine what portion of the Fund's ’s portfolio shall be invested in securities and other assets, and what portion portion, if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Trustees of the TrustFund, the Adviser will (a) provide a program of continuous investment management for the Fund in accordance with the Fund's investment objectives, policies and limitations as stated in the Fund's prospectus Prospectus and Statement of Additional Information included as part of the TrustFund's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustFund; (b) make investment decisions for the Fund; and (c) place orders to purchase and sell securities for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolio. The Adviser will determine what portion of the Fund's portfolio shall be invested in securities and other assets, and what portion if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Trustees Board of Directors of the TrustCompany, the Adviser will (a) provide a program of continuous investment management for the Fund each Funds in accordance with the Fund's investment objectives, policies and limitations of that Fund as stated in the Fund's prospectus and Statement statement of Additional Information additional information included as part of the TrustCompany's Registration Statement registration statement filed with the Securities and Exchange CommissionCommission (the “SEC”), as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustCompany; (b) make investment decisions for the FundFunds; and (c) place orders to purchase and sell securities for the FundFunds. In performing its investment management services to for the Fund Funds hereunder, the Adviser will provide the Fund Funds with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, currencies, repurchase agreements, futures, options and other investments and techniques that the each Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the portfolio of each Fund's portfolio. The Adviser will determine what portion of the Fund's portfolio shall of each Fund will be invested in securities and other assets, assets and what portion portion, if any, should will be held uninvested. The Adviser further agrees that, in performing its duties hereunder, that it will:

Investment Advisory Duties. Subject to the supervision of the Trustees of the Trust, the Adviser will (a) provide a program of continuous investment management for the Fund in accordance with the Fund's investment objectives, policies and limitations as stated in the Fund's prospectus and Statement of Additional Information included as part of the Trust's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the Trust; : (b) make investment decisions for the Fund; : and (c) place orders to purchase and sell securities securuties for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolio. The Adviser Advisor will determine what portion of the Fund's portfolio shall be invested in securities and other assets, and what portion portion, if any, should be held uninvestedunivested. The Adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Trustees Directors of the TrustFund, the Adviser will (a) provide a program of continuous investment management for the Fund in accordance with the Fund's investment objectives, policies and limitations as stated in the Fund's prospectus Prospectus and Statement of Additional Information included as part of the TrustFund's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustFund; (b) make investment decisions for the Fund; and (c) place orders to purchase and sell securities for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolio. The Adviser will determine what portion of the Fund's portfolio shall be invested in securities and other assets, and what portion portion, if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Trustees of the TrustFund, the Adviser will (a) provide a program of continuous investment management for the Fund each Portfolio in accordance with the Fundthat Portfolio's investment objectives, policies and limitations as stated in the Fund's prospectus Prospectus and Statement of Additional Information included as part of the TrustFund's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustFund; (b) make investment decisions for the Fund; and (c) place orders to purchase and sell securities for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund each Portfolio will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolioportfolio assets and liabilities of each Portfolio. The Adviser will determine what portion of the Fund's portfolio of each Portfolio shall be invested in securities and other assets, and what portion if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Trustees Directors of the TrustCompany, the Adviser will (a) provide a program of continuous investment management for the Fund in accordance with the Fund's investment objectives, policies and limitations as stated in the Fund's prospectus and Statement of Additional Information included as part of the TrustFund's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustFund; (b) make investment decisions for the Fund; and (c) place orders to purchase and sell securities for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends trend and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options options, futures and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolio. The Adviser will determine what portion of the Fund's portfolio shall be invested in securities and other assets, and what portion if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Trustees of the Trust, the Adviser will (a) provide a program of continuous investment management for the Fund in accordance with the Fund's investment objectives, policies and limitations as stated in the Fund's prospectus and Statement of Additional Information included as part of the Trust's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the Trust; (b) make investment decisions for the Fund; and (c) place orders to purchase and sell securities for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, currencies, repurchase agreements, futures, options and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolio. The Adviser will determine what portion of the Fund's portfolio shall be invested in securities and other assets, assets and what portion portion, if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, that it will:

Investment Advisory Duties. Subject to the supervision of the Trustees Directors of the TrustFund, the Adviser will (a) provide a program of continuous investment management for the Fund each Series in accordance with the Fund's investment objectives, policies and limitations of that Series as stated in the Fund's prospectus and Statement of Additional Information included as part of the TrustFund's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustFund; (b) make investment decisions for the FundSeries; and (c) place orders to purchase and sell securities for the FundSeries. In performing its investment management services to the Fund Series hereunder, the Adviser will provide the Fund Series with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, currencies, repurchase agreements, futures, options and other investments and techniques that the Fund each Series will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolioportfolio of each Series. The Adviser will determine what portion of the Fund's portfolio of each Series shall be invested in securities and other assets, assets and what portion portion, if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, that it will:

Investment Advisory Duties. Subject to the supervision of the Trustees Directors of the TrustFund, the Adviser will will, (a) provide a program of continuous investment management for the Fund Series in accordance with the Fund's Series' investment objectives, policies and limitations as stated in the Fund's prospectus and Statement of Additional Information for the Series included as part of the TrustFund's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustFund; (b) make investment decisions for the FundSeries; and (c) place orders to purchase and sell securities for the FundSeries. In performing its investment management services to for the Fund Series hereunder, the Adviser will provide the Fund Fund, for the Series, with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options options, futures and other investments and techniques that the Fund Series will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's Series' portfolio. The Adviser will determine what portion of the Fund's Series' portfolio shall be invested in securities and other assets, and what portion portion, if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Trustees of the Trust, the Adviser will (a) provide a program of continuous investment management for the Fund in accordance with the Fund's investment objectives, policies and limitations as stated in the Fund's prospectus and Statement of Additional Information included as part of the Trust's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the Trust; (b) make investment decisions for the Fund; and (c) place orders to purchase and sell securities for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. 2 The Adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolio. The Adviser will determine what portion of the Fund's portfolio shall be invested in securities and other assets, and what portion if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Trustees Directors of the TrustFund, the Adviser will (a) provide a program of continuous investment management for the Fund Series in accordance with the Fund's investment objectives, policies and limitations of the Series as stated in the Fund's prospectus and Statement of Additional Information included as part of the TrustFund's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustFund; (b) make investment decisions for the FundSeries; and (c) place orders to purchase and sell securities for the FundSeries. In performing its investment management services to the Fund Series hereunder, the Adviser will provide the Fund Series with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, currencies, repurchase agreements, futures, options and other investments and techniques that the Fund Series will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolioportfolio of the Series. The Adviser will determine what portion of the Fund's portfolio of the Series shall be invested in securities and other assets, assets and what portion portion, if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, that it will:

Investment Advisory Duties. The duties and obligations of the Investment Manager set forth in this Section 2 will be referred to throughout this Agreement as "Advisory Services." (a) Investment management and research. Subject to the supervision of the Trustees of the TrustFund, the Adviser will Investment Manager will, (a) provide a program of continuous investment management for the Fund Portfolios in accordance with the Fund's Portfolios' investment objectives, policies and limitations as stated in the Fund's prospectus Portfolios' Prospectus(es) and Statement Statement(s) of Additional Information included as part of the TrustFund's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to timetime ("Registration Statement"), copies of which shall be provided to the Adviser by the Trust; (b) make asset allocation and investment decisions for the FundPortfolios; and (c) place orders to purchase and sell securities for the FundPortfolios. In performing its investment management services Advisory Services to the Fund Portfolios hereunder, the Adviser Investment Manager will provide the Fund Portfolios with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data data, and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser Investment Manager will determine the securities, instruments, repurchase agreements, options options, futures and other investments and techniques that the Fund Portfolios will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolioPortfolios' investments. The Adviser Investment Manager will determine what portion of the Fund's portfolio Portfolios' investments shall be invested in securities and other assets, and what portion portion, if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, it will:(b)

Investment Advisory Duties. Subject to the supervision of the Trustees of the Trust, the Adviser will (a) provide a program of continuous investment management for the Fund in accordance with the Fund's investment objectives, policies and limitations as stated in the Fund's prospectus and Statement of Additional Information included as part of the Trust's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the Trust; (b) make investment decisions for the Fund; and (c) place orders to purchase and sell securities for the Fund. In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general 154 economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, currencies, repurchase agreements, futures, options and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolio. The Adviser will determine what portion of the Fund's portfolio shall be invested in securities and other assets, assets and what portion portion, if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, that it will:

Investment Advisory Duties. Subject to the supervision of the Trustees Directors of the TrustFund, the Adviser will will, (a) provide a program of continuous investment management for the Fund Portfolios in accordance with the Fund's Portfolios' investment objectives, policies and limitations as stated in the Fundeach Portfolio's prospectus and Statement of Additional Information included as part of the TrustFund's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustFund; (b) make investment decisions for the FundPortfolios; and (c) place orders to purchase and sell securities for the FundPortfolios. In performing its investment management services to the Fund Portfolios hereunder, the Adviser will provide the Fund Portfolios with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options options, futures and other investments and techniques that the Fund Portfolios will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolioPortfolios' investments. The Adviser will determine what portion of the Fund's portfolio Portfolios' investments shall be invested in securities and other assets, and what portion portion, if any, should be held uninvested. The Adviser further agrees thatshall furnish to the Fund adequate (i) office space, which may be space within the offices of the Adviser or in performing its duties hereundersuch other places as may be agreed upon from time to time and (ii) office furnishings, it will:facilities and equipment as may be reasonably required for managing the

Investment Advisory Duties. Subject to the supervision of the Trustees Directors of the TrustFund, the Adviser will will, (a) provide a program of continuous investment management for the Fund Portfolios in accordance with the Fund's Portfolios' investment objectives, policies and limitations as stated in the Fundeach Portfolio's prospectus Prospectus and Statement of Additional Information included as part of the TrustFund's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustFund; (b) make investment decisions for the FundPortfolios; and (c) place orders to purchase and sell securities for the FundPortfolios. In performing its investment management services to the Fund Portfolios hereunder, the Adviser will provide the Fund Portfolios with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data data, and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, repurchase agreements, options options, futures and other investments and techniques that the Fund Portfolios will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolioPortfolios' investments. The Adviser will determine what portion of the Fund's portfolio Portfolios' investments shall be invested in securities and other assets, and what portion portion, if any, should be held uninvested. The Adviser further agrees thatshall furnish to the Fund adequate (i) office space, which may be space within the offices of the Adviser or in performing its duties hereundersuch other places as may be agreed upon from time to time, it will:and

Investment Advisory Duties. Subject to the supervision of the Trustees Directors of the TrustFund, the Adviser will (a) provide a program of continuous investment management for the Fund Series in accordance with the Fund's Series' investment objectives, policies and limitations as stated in the Fund's combined prospectus and Statement of Additional Information included as part of the TrustFund's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the TrustFund; (b) make investment decisions for the FundSeries; and (c) place orders to purchase and sell securities for the FundSeries. In performing its investment management services to the Fund Series hereunder, the Adviser will provide the Fund Series with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, currencies, repurchase agreements, futures, options and other investments and techniques that the Fund Series will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's portfolioSeries' portfolios. The Adviser will determine what portion of the Fund's portfolio Series' portfolios shall be invested in securities and other assets, assets and what portion portion, if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, that it will:

Investment Advisory Duties. Subject to the supervision of the Trustees of the Trust, the Adviser will (a) provide a program of continuous investment management for the Fund in accordance with the Fund's =s investment objectives, policies and limitations as stated in the Fund's =s prospectus and Statement of Additional Information included as part of the Trust's =s Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Adviser by the Trust; (b) make investment decisions for the Fund; and (c) place orders to purchase and sell securities for the Fund. 148 In performing its investment management services to the Fund hereunder, the Adviser will provide the Fund with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Adviser will determine the securities, instruments, currencies, repurchase agreements, futures, options and other investments and techniques that the Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Fund's =s portfolio. The Adviser will determine what portion of the Fund's =s portfolio shall be invested in securities and other assets, assets and what portion portion, if any, should be held uninvested. The Adviser further agrees that, in performing its duties hereunder, that it will: