Common use of Investment Advisory and Management Services Clause in Contracts

Investment Advisory and Management Services. The Fund hereby engages Advisers, and Advisers hereby agrees to act, as investment adviser for, and to manage the affairs, business and the investment of the assets of the Fund's Portfolios, which shall consist of Fortis U. S. Government Securities Fund and any further portfolios from time to time created by the Board of Directors of the Fund. Each such Portfolio is herein individually referred to as a "Portfolio," and the Portfolios are herein collectively referred to as the "Portfolios." The investment of the assets of the Portfolio shall at all times be subject to the applicable provisions of the Articles of Incorporation, Bylaws, Registration Statement and current Prospectus and Statement of Additional Information of the Fund and shall conform to the policies and purposes of the Fund as set forth in the Registration Statement and Prospectus and Statement of Additional Information as interpreted from time to time by the Board of Directors of the Fund. Within the framework of the investment policies of the Portfolios, Advisers shall have the sole and exclusive responsibility for the management of the Portfolios and the making and execution of all investment decisions for the Fund. Advisers shall report to the Board of Directors regularly at such times and in such detail as the Board may from time to time determine to be appropriate, in order to permit the Board to determine the adherence of Advisers to the investment policies of the Portfolios. Advisers shall, at its own expense, furnish the Fund suitable office space, and all necessary office facilities, equipment and personnel for servicing the investments of the Fund. Advisers shall arrange, if requested by the Fund, for officers, employees or other affiliates of Advisers to serve without compensation from the Fund as directors, officers, or employees of the Fund if duly elected to such positions by the shareholders or directors of the Fund. Advisers hereby acknowledges that all records necessary in the operation of the Fund, including records pertaining to shareholders and investments, are the property of the Fund, and in the event that a transfer of management or investment advisory services to someone other than Advisers should ever occur, Advisers will promptly, and at its own cost, take all steps necessary to segregate such records and deliver them to the Fund.

Investment Advisory and Management Services. The Fund Company hereby engages Advisers, and Advisers hereby agrees to act, as investment adviser for, and to manage the affairs, business and the investment of the assets of the Fund's Portfolios, which shall consist of Fortis U. S. Government Securities Fund and any further portfolios from time to time created by the Board of Directors of the FundPortfolio. Each such Portfolio is herein individually referred to as a "Portfolio," and the Portfolios are herein collectively referred to as the "Portfolios." The investment of the assets of the Portfolio shall at all times be subject to the applicable provisions of the Articles of Incorporation, Bylaws, Registration Statement and current Prospectus and Statement of Additional Information of the Fund Portfolio and shall conform to the policies and purposes of the Fund Portfolio as set forth in the Registration Statement and Prospectus and Statement of Additional Information as interpreted from time to time by the Board of Directors of the FundCompany. Within the framework of the investment policies of the PortfoliosPortfolio, Advisers shall have the sole and exclusive responsibility for the management of the Portfolios Portfolio and the making and execution of all investment decisions for the FundPortfolio. Advisers shall report to the Board of Directors regularly at such times and in such detail as the Board may from time to time determine to be appropriate, in order to permit the Board to determine the adherence of Advisers to the investment policies of the PortfoliosPortfolio. Advisers shall, at its own expense, furnish the Fund Portfolio suitable office space, and all necessary office facilities, equipment and personnel for servicing the investments of the FundPortfolio. Advisers shall arrange, if requested by the FundCompany, for officers, employees or other affiliates of Advisers to serve without compensation from the Fund Portfolio as directors, officers, or employees of the Fund if duly elected to such positions by the shareholders or directors of the FundCompany. Advisers hereby acknowledges that all records necessary in the operation of the FundPortfolio, including records pertaining to shareholders and investments, are the property of the FundPortfolio, and in the event that a transfer of management or investment advisory services to someone other than Advisers should ever occur, Advisers will promptly, and at its own cost, take all steps necessary to segregate such records and deliver them to the FundPortfolio.

Investment Advisory and Management Services. The Fund hereby engages Advisers, and Advisers hereby agrees to act, as investment adviser for, and to manage the affairs, business and the investment of the assets of the Fund's Portfolios, which shall consist of Fortis U. S. Government Securities Fund and any further portfolios from time to time created by the Board of Directors assets of the Fund. Each such Portfolio is herein individually referred to as a "Portfolio," and the Portfolios are herein collectively referred to as the "Portfolios." The investment of the assets of the Portfolio Fund shall at all times be subject to the applicable provisions of the Articles of Incorporation, Bylaws, Registration Statement and current Prospectus and Statement of Additional Information of the Fund and shall conform to the policies and purposes of the Fund and the Portfolios as set forth in the Registration Statement and Prospectus and Statement of Additional Information as interpreted from time to time by the Board of Directors of the Fund. Within the framework of the investment policies of the PortfoliosFund, Advisers shall have the sole and exclusive responsibility for the management of the Portfolios Fund portfolio and the making and execution of all investment decisions for the Fund. Advisers shall report to the Board of Directors regularly at such times and in such detail as the Board may from time to time determine to be appropriate, in order to permit the Board to determine the adherence of Advisers to the investment policies of the PortfoliosFund. Advisers shall, at its own expense, furnish the Fund suitable office space, and all necessary office facilities, equipment and personnel for servicing the investments of the Fund. Advisers shall arrange, if requested by the Fund, for officers, employees or other affiliates of Advisers to serve without compensation from the Fund as directors, officers, or employees of the Fund if duly elected to such positions by the shareholders or directors of the Fund. Advisers hereby acknowledges that all records necessary in the operation of the Fund, including records pertaining to shareholders and investments, are the property of the Fund, and in the event that a transfer of management or investment advisory services to someone other than Advisers should ever occur, Advisers will promptly, and at its own cost, take all steps necessary to segregate such records and deliver them to the Fund.

Investment Advisory and Management Services. The Fund hereby engages AdvisersManagement, and Advisers Management hereby agrees to act, as investment adviser advisor for, and to manage the affairs, business business, and the investment of the assets of the Fund's Portfolios, which shall consist of Fortis U. S. Government Securities Fund and any further portfolios from time to time created by the Board of Directors of the Fund. Each such Portfolio is herein individually referred to as a "Portfolio," and the Portfolios are herein collectively referred to as the "Portfolios." The investment of the assets of the Portfolio Fund shall at all times be subject to the applicable provisions of the Articles of Incorporation, the Bylaws, the Registration Statement and Statement, the current Prospectus and the Statement of Additional Information Information, if any, of the Fund and shall conform to the investment objective and policies and purposes of the Fund as set forth in the Registration Statement such documents and Prospectus and Statement of Additional Information as interpreted from time to time by the Board of Directors of the Fund. Within the framework of the objective and investment policies and restrictions of the PortfoliosFund, Advisers Management shall have the sole and exclusive responsibility for the management of the Portfolios Fund's portfolio and the making and execution of all investment decisions for the Fund. Advisers Management shall report to the Board of Directors regularly at such times and in such detail as the Board may from time to time determine to be appropriate, in order to permit the Board to determine the adherence of Advisers Management to the investment policies of the PortfoliosFund. Advisers Management shall, at its own expense, furnish the Fund suitable office space, space and all necessary office facilities, equipment equipment, and personnel for servicing the investments of the Fund. Advisers Management shall arrange, if requested by the Fund, arrange for officers, officers or employees or other affiliates of Advisers Management to serve without compensation from the Fund as directors, officers, or employees of the Fund if duly elected to such positions by the shareholders or directors of the Fund. Advisers Management hereby acknowledges that all records necessary in the operation of the Fund, including records pertaining to its shareholders and investments, are the property of the Fund, and in the event that a transfer of management or investment advisory services to someone other than Advisers Management should ever occur, Advisers Management will promptly, and at its own cost, take all steps necessary to segregate such records and deliver them to the Fund. In providing the services and assuming the obligations set forth herein, Management may at its expense employ one or more Sub-Advisors, or may enter into such service agreements as Management deems appropriate in connection with the performance of its duties and obligations hereunder. Reference herein to the duties and responsibilities of Management shall include any Sub-Advisor employed by Management to the extent Management shall delegate such duties and responsibilities to the Sub-Advisor. Any agreement between Management and any Sub-Advisor shall be subject to the approval of the Fund, its Board of Directors, and Shareholders as required by the Investment Company Act of 1940 (the "Investment Company Act"), as amended, and such Sub-Advisor shall at all times be subject to the direction of the Board of Directors of the Fund and any duly constituted committee thereof or any officer of the Fund acting pursuant to like authority.

Investment Advisory and Management Services. The Fund hereby engages AdvisersManagement, and Advisers Management hereby agrees to act, as investment adviser for, and to manage the affairs, business business, and the investment of the assets of the Fund's Portfolios, which shall consist of Fortis U. S. Government Securities Fund and any further portfolios from time to time created by the Board of Directors of the Fund. Each such Portfolio is herein individually referred to as a "Portfolio," and the Portfolios are herein collectively referred to as the "Portfolios." The investment of the assets of the Portfolio Fund shall at all times be subject to the applicable provisions of the Articles of Incorporation, the Bylaws, the Registration Statement and Statement, the current Prospectus and the Statement of Additional Information Information, if any, of the Fund and shall conform to the investment objective and policies and purposes of the Fund as set forth in the Registration Statement such documents and Prospectus and Statement of Additional Information as interpreted from time to time by the Board of Directors of the Fund. Within the framework of the objective and investment policies and restrictions of the PortfoliosFund, Advisers Management shall have the sole and exclusive responsibility for the management of the Portfolios Fund's portfolio and the making and execution of all investment decisions for the Fund. Advisers Management shall report to the Board of Directors regularly at such times and in such detail as the Board may from time to time determine to be appropriate, in order to permit the Board to determine the adherence of Advisers Management to the investment policies of the PortfoliosFund. Advisers Management shall, at its own expense, furnish the Fund suitable office space, space and all necessary office facilities, equipment equipment, and personnel for servicing the investments of the Fund. Advisers Management shall arrange, if requested by the Fund, arrange for officers, officers or employees or other affiliates of Advisers Management to serve without compensation from the Fund as directors, officers, or employees of the Fund if duly elected to such positions by the shareholders or directors of the Fund. Advisers Management hereby acknowledges that all records necessary in the operation of the Fund, including records pertaining to its shareholders and investments, are the property of the Fund, and in the event that a transfer of management or investment advisory services to someone other than Advisers Management should ever occur, Advisers Management will promptly, and at its own cost, take all steps necessary to segregate such records and deliver them to the Fund. In providing the services and assuming the obligations set forth herein, Management may at its expense employ one or more Sub-Advisers, or may enter into such service agreements as Management deems appropriate in connection with the performance of its duties and obligations hereunder. Reference herein to the duties and responsibilities of Management shall include any Sub-Adviser employed by management to the extent Management shall delegate such duties and responsibilities to the Sub-Adviser. Any agreement between Managemetn and any Sub-Adviser shall be subject to the approval of the fund, its Board of Directors, and Shareholders as required by the Investment Company Act of 1940, as amended, and such Sub-Adviser shall at all times be subject to the direction of the Board of Directors of the Fund and any duly constituted committee thereof or any officer of the Fund acting pursuant to like authority.

Investment Advisory and Management Services. The Fund hereby engages AdvisersManagement, and Advisers Management hereby agrees to act, as investment adviser for, and to manage the affairs, business business, and the investment of the assets of the Fund's Portfolios, which shall consist of Fortis U. S. Government Securities Fund and any further portfolios from time to time created by the Board of Directors of the Fund. Each such Portfolio is herein individually referred to as a "Portfolio," and the Portfolios are herein collectively referred to as the "Portfolios." The investment of the assets of the Portfolio Fund shall at all times be subject to the applicable provisions of the Articles of Incorporation, the Bylaws, the Registration Statement and Statement, the current Prospectus and the Statement of Additional Information Information, if any, of the Fund and shall conform to the investment objective and policies and purposes of the Fund as set forth in the Registration Statement such documents and Prospectus and Statement of Additional Information as interpreted from time to time by the Board of Directors of the Fund. Within the framework of the objective and investment policies and restrictions of the PortfoliosFund, Advisers Management shall have the sole and exclusive responsibility for the management of the Portfolios Fund's portfolio and the making and execution of all investment decisions for the Fund. Advisers Management shall report to the Board of Directors regularly at such times and in such detail as the Board may from time to time determine to be appropriate, in order to permit the Board to determine the adherence of Advisers Management to the investment policies of the PortfoliosFund. Advisers Management shall, at its own expense, furnish the Fund suitable office space, space and all necessary office facilities, equipment equipment, and personnel for servicing the investments of the Fund. Advisers Management shall arrange, if requested by the Fund, arrange for officers, officers or employees or other affiliates of Advisers Management to serve without compensation from the Fund as directors, officers, or employees of the Fund if duly elected to such positions by the shareholders or directors of the Fund. Advisers Management hereby acknowledges that all records necessary in the operation of the Fund, including records pertaining to its shareholders and investments, are the property of the Fund, and in the event that a transfer of management or investment advisory services to someone other than Advisers Management should ever occur, Advisers Management will promptly, and at its own cost, take all steps necessary to segregate such records and deliver them to the Fund. In providing the services and assuming the obligations set forth herein, Management may at its expense employ one or more Sub-Advisers, or may enter into such service agreements as Management deems appropriate in connection with the performance of its duties and obligations hereunder. Reference herein to the duties and responsibilities of Management shall include any Sub-Adviser employed by Management to the extent Management shall delegate such duties and responsibilities to the Sub-Adviser. Any agreement between management and any Sub-Adviser shall be subject to the approval of the fund, its Board of Directors, and Shareholders as required by the Investment Company Act of 1940, as amended, and such Sub-Adviser shall at all times be subject to the direction of the Board of Directors of the Fund and any duly constituted committee thereof or any officer of the Fund acting pursuant to like authority.

Investment Advisory and Management Services. The Fund hereby engages Advisers, and Advisers hereby agrees to act, as investment adviser for, and to manage the affairs, business and the investment of the assets of the Fund's Portfolios, which shall consist International Equity Portfolio. Such Portfolio is herein referred to as the "Portfolio" and other Portfolios of Fortis U. S. Government Securities the Fund and any further portfolios from time to time created by the Board of Directors of the Fund. Each such Portfolio is herein individually referred to as a "Portfolio," and the Portfolios Fund are herein collectively referred to as the "Portfolios." The investment of the assets of the Portfolio shall at all times be subject to the applicable provisions of the Articles of Incorporation, Bylaws, Registration Statement and current Prospectus and Statement of Additional Information of the Fund and shall conform to the policies and purposes of the Fund and the Portfolio as set forth in the Registration Statement and Prospectus and Statement of Additional Information and as interpreted from time to time by the Board of Directors of the Fund. Within the framework of the investment policies of the PortfoliosPortfolio, Advisers shall have the sole and exclusive responsibility for the management of the Portfolios Portfolio and the making and execution of all investment decisions for the FundPortfolio. Advisers shall report to the Board of Directors regularly at such times and in such detail as the Board may from time to time determine to be appropriate, in order to permit the Board to determine the adherence of Advisers to the investment policies of the PortfoliosPortfolio. Advisers shall, at its own expense, furnish the Fund suitable office space, and all necessary office facilities, equipment and personnel for servicing the investments of the FundPortfolio. Advisers shall arrange, if requested by the Fund, for officers, employees employees, or other affiliates of Advisers to serve without compensation from the Fund as directors, officers, or employees of the Fund if duly elected to such positions by the shareholders or directors of the Fund. Advisers hereby acknowledges that all records necessary in the operation of the Fund, including records pertaining to its shareholders and investments, are the property of the Fund, and in the event that a transfer of management or investment advisory services to someone other than Advisers should ever occur, Advisers will promptly, and at its own cost, take all steps necessary to segregate such records and deliver them to the Fund.

Investment Advisory and Management Services. The Fund hereby engages Advisers, and Advisers hereby agrees to act, as investment adviser for, and to manage the affairs, business and the investment of the assets of the assets of the Fund's Portfolios, which shall consist of Fortis U. S. Government Securities Fund National Portfolio and any further portfolios other Portfolios other than Minnesota Portfolio or New York Portfolio from time to time created by the Board of Directors of the Fund. Each such Portfolio is herein individually referred to as a "Portfolio," and the Portfolios are herein collectively referred to as the "Portfolios." The investment of the assets of the Portfolio Portfolios shall at all times be subject to the applicable provisions of the Articles of Incorporation, Bylaws, Registration Statement and current Prospectus and Statement of Additional Information of the Fund and shall conform to the policies and purposes of the Fund and the Portfolios as set forth in the Registration Statement and Prospectus and Statement of Additional Information as interpreted from time to time by the Board of Directors of the Fund. Within the framework of the investment policies of the Portfolios, Advisers shall have the sole and exclusive responsibility for the management of the Portfolios and the making and execution of all investment decisions for the FundPortfolios. Advisers shall report to the Board of Directors regularly at such times and in such detail as the Board may from time to time determine to be appropriate, in order to permit the Board to determine the adherence of Advisers to the investment policies of the Portfolios. Advisers shall, at its own expense, furnish the Fund suitable office space, and all necessary office facilities, equipment and personnel for servicing the investments of the Fund. Advisers shall arrange, if requested by the Fund, for officers, employees or other affiliates of Advisers to serve without compensation from the Fund as directors, officers, or employees of the Fund if duly elected to such positions by the shareholders or directors of the Fund. Advisers hereby acknowledges that all records necessary in the operation of the Fund, including records pertaining to shareholders and investments, are the property of the Fund, and in the event that a transfer of management or investment advisory services to someone other than Advisers should ever occur, Advisers will promptly, and at its own cost, take all steps necessary to segregate such records and deliver them to the Fund.

Investment Advisory and Management Services. The Fund hereby engages Advisers, and Advisers hereby agrees to act, as investment adviser for, and to manage the affairs, business and the investment of the assets of the Fund's Portfolios, which shall consist of Fortis U. S. Government Securities Capital Fund, Fortis Value Fund and Fortis Growth & Income Fund and any further portfolios Portfolios from time to time created by the Board of Directors of the Fund. Each such Portfolio is herein individually referred to as a "Portfolio," and the Portfolios are herein collectively referred to as the "Portfolios." The investment of the assets of the Portfolio Portfolios shall at all times be subject to the applicable provisions of the Articles of Incorporation, Bylaws, Registration Statement and current Prospectus and Statement of Additional Information of the Fund and shall conform to the policies and purposes of the Fund and the Portfolios as set forth in the Registration Statement and the Prospectus and Statement of Additional Information and as interpreted from time to time by the Board of Directors of the Fund. Within the framework of the investment policies of the Portfolios, Advisers shall have the sole and exclusive responsibility for the management of the Portfolios and the making and execution of all investment decisions for the FundPortfolios. Advisers shall report to the Board of Directors regularly at such times and in such detail as the Board may from time to time determine to be appropriate, in order to permit the Board to determine the adherence of Advisers to the investment policies of the Portfolios. Advisers shall, at its own expense, furnish the Fund suitable office space, and all necessary office facilities, equipment and personnel for servicing the investments of the Fund. Advisers shall arrange, if requested by the Fund, for officers, employees employees, or other affiliates of Advisers to serve without compensation from the Fund as directors, officers, or employees of the Fund if duly elected to such positions by the shareholders or directors of the Fund. Advisers hereby acknowledges that all records necessary in the operation of the Fund, including records pertaining to its shareholders and investments, are the property of the Fund, and in the event that a transfer of management or investment advisory services to someone other than Advisers should ever occur, Advisers will promptly, and at its own cost, take all steps necessary to segregate such records and deliver them to the Fund.

Investment Advisory and Management Services. The Fund hereby engages AdvisersManagement, and Advisers Management hereby agrees to act, as investment adviser for, and to manage the affairs, business business, and the investment of the assets of the Fund's Portfolios, which shall consist of Fortis U. S. Government Securities Fund and any further portfolios from time to time created by the Board of Directors of the Fund. Each such Portfolio is herein individually referred to as a "Portfolio," and the Portfolios are herein collectively referred to as the "Portfolios." The investment of the assets of the Portfolio Fund shall at all times be subject to the applicable provisions of the Articles of Incorporation, the Bylaws, the Registration Statement and Statement, the current Prospectus and the Statement of Additional Information Information, if any, of the Fund and shall conform to the investment objective and policies and purposes of the Fund as set forth in the Registration Statement such documents and Prospectus and Statement of Additional Information as interpreted from time to time by the Board of Directors of the Fund. Within the framework of the objective and investment policies and restrictions of the PortfoliosFund, Advisers Management shall have the sole and exclusive responsibility for the management of the Portfolios Fund's portfolio and the making and execution of all investment decisions for the Fund. Advisers Management shall report to the Board of Directors regularly at such times and in such detail as the Board may from time to time determine to be appropriate, in order to permit the Board to determine the adherence of Advisers Management to the investment policies of the PortfoliosFund. Advisers Management shall, at its own expense, furnish the Fund suitable office space, space and all necessary office facilities, equipment equipment, and personnel for servicing the investments of the Fund. Advisers Management shall arrange, if requested by the Fund, arrange for officers, officers or employees or other affiliates of Advisers Management to serve without compensation from the Fund as directors, officers, or employees of the Fund if duly elected to such positions by the shareholders or directors of the Fund. Advisers Management hereby acknowledges that all records necessary in the operation of the Fund, including records pertaining to its shareholders and investments, are the property of the Fund, and in the event that a transfer of management or investment advisory services to someone other than Advisers Management should ever occur, Advisers Management will promptly, and at its own cost, take all steps necessary to segregate such records and deliver them to the Fund. In providing the services and assuming the obligations set forth herein, Management may at its expense employ one or more Sub-Advisers, or may enter into such service agreements as Management deems appropriate in connection with the performance of its duties and obligations hereunder. Reference herein to the duties and responsibilities of Management shall include any Sub-Adviser employed by management to the extent Management shall delegate such duties and responsibilities to the Sub-Adviser. Any agreement between Management and any Sub-Adviser shall be subject to the approval of the Fund, its Board of Directors, and Shareholders as required by the Investment Company Act of 1940, as amended, and such Sub-Adviser shall at all times be subject to the direction of the Board of Directors of the Fund and any duly constituted committee thereof or any officer of the Fund acting pursuant to like authority.

Investment Advisory and Management Services. The Fund hereby engages Advisersthe Adviser, and Advisers the Adviser hereby agrees to act, act as investment adviser for, and to manage the affairs, business and the investment of the assets of the Fund's five Portfolios (the Portfolios, which shall consist of Fortis U. S. Government Securities Fund and any further portfolios from time to time created by the Board of Directors of the Fund"). Each such Portfolio is herein individually referred to as a "Portfolio," and the Portfolios are herein collectively referred to as the "Portfolios." The investment of the assets of the Portfolio Portfolios shall at all times be subject to the applicable provisions of the Articles of Incorporation, Bylaws, Registration Statement and current currently effective Prospectus and Statement of Additional Information of the Fund and shall conform to the policies and purposes of the Fund and the Portfolios as set forth in the Registration Statement and Prospectus and Statement of Additional Information as interpreted from time to time by the Board of Directors of the Fund. Within the framework of the investment policies of the PortfoliosFund, Advisers the Adviser shall have the sole and exclusive responsibility for the management of the Fund's Portfolios and the making and execution of all investment decisions for the Fund. Advisers The Adviser shall report to the Board of Directors of the Fund regularly at such times and in such detail as the Board may from time to time determine to be appropriate, in order Order to permit the Board to determine the adherence of Advisers the Adviser to the investment policies of the PortfoliosFund. Advisers The Adviser shall, at its own expense, furnish the Fund suitable office space, and all necessary office facilities, equipment and personnel for servicing the investments of the Fund. Advisers The Adviser shall arrange, if requested by the Fund, for officers, employees or other affiliates Affiliated Persons (as defined in Section 2(a)(3) of Advisers the Investment Company act of 1940 and the rules, regulations and releases relating thereto) of the Adviser to serve without compensation from the Fund as directors, officers, or employees of the Fund if duly elected to such positions by the shareholders or directors of the Fund. Advisers The Adviser hereby acknowledges that all records necessary in the operation of the Fund, including records pertaining to its shareholders and investments, are the property of the Fund, and in the event that a transfer of management or investment advisory services to someone other than Advisers the Adviser should ever occur, Advisers the Adviser will promptly, and at its own cost, take all steps necessary to segregate such records and deliver them to the Fund.

Investment Advisory and Management Services. The Fund hereby engages Advisers, and Advisers hereby agrees to act, as investment adviser for, and to manage the affairs, business and the investment of the assets of the Fund's Portfolios, which shall consist of Fortis U. S. Government Securities Capital Fund and any further portfolios Portfolios from time to time created by the Board of Directors of the Fund. Each such Portfolio is herein individually referred to as a "Portfolio," and the Portfolios are herein collectively referred to as the "Portfolios." The investment of the assets of the Portfolio Portfolios shall at all times be subject to the applicable provisions of the Articles of Incorporation, Bylaws, Registration Statement and current Prospectus and Statement of Additional Information of the Fund and shall conform to the policies and purposes of the Fund and the Portfolios as set forth in the Registration Statement and Prospectus and Statement of Additional Information and as interpreted from time to time by the Board of Directors of the Fund. Within the framework of the investment policies of the Portfolios, Advisers shall have the sole and exclusive responsibility for the management of the Portfolios and the making and execution of all investment decisions for the FundPortfolios. Advisers shall report to the Board of Directors regularly at such times and in such detail as the Board may from time to time determine to be appropriate, in order to permit the Board to determine the adherence of Advisers to the investment policies of the Portfolios. Advisers shall, at its own expense, furnish the Fund suitable office space, and all necessary office facilities, equipment and personnel for servicing the investments of the Fund. Advisers shall arrange, if requested by the Fund, for officers, employees employees, or other affiliates of Advisers to serve without compensation from the Fund as directors, officers, or employees of the Fund if duly elected to such positions by the shareholders or directors of the Fund. Advisers hereby acknowledges that all records necessary in the operation of the Fund, including records pertaining to its shareholders and investments, are the property of the Fund, and in the event that a transfer of management or investment advisory services to someone other than Advisers should ever occur, Advisers will promptly, and at its own cost, take all steps necessary to segregate such records and deliver them to the Fund.