Common use of Investment Advisory Duties Clause in Contracts

Investment Advisory Duties. Subject to the supervision of the Board of Trustees of the Trust and the Manager, the Sub-adviser will, in coordination with the Manager, (a) provide a program of continuous investment management for the portion of the Fund allocated by the Manager to the Sub-adviser (the "Sub-adviser's Portfolio") for management 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 on behalf of the Fund filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Sub-adviser by the Manager; (b) make investment decisions for the Sub-adviser's Portfolio; and (c) place orders to purchase and sell securities for the Sub-adviser's Portfolio. In particular, the Sub-adviser will be responsible for the market timing of purchases and sales and for all yield enhancement strategies used in managing the Sub-adviser's Portfolio. In performing its investment management services to the Fund hereunder, the Sub-adviser will provide the Fund with ongoing investment guidance and policy direction. The Sub-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 Sub-adviser's Portfolio. The Sub-adviser will determine what portion of the Sub-adviser's Portfolio shall be invested in securities and other assets. The Sub-adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Board of Trustees of the Trust and the Manager, the Sub-adviser will, in coordination with the Manager, (a) provide a program of continuous investment management for the portion of the Fund allocated by the Manager to the Sub-adviser (the "Sub-adviser's Portfolio") for management 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 on behalf of the Fund 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 Sub-adviser by the Manager; (b) make investment decisions for the Sub-adviser's PortfolioFund; and (c) place orders to purchase and sell securities for the Sub-adviser's PortfolioFund. In particular, the Sub-adviser will be responsible for the market timing purchase and sale of purchases and sales securities and for all yield enhancement strategies used in managing the Sub-adviser's PortfolioFund. In performing its investment management services to the Fund hereunder, the Sub-adviser will provide the Fund with ongoing investment guidance and policy direction. The Sub-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 Sub-adviser's PortfolioFund. The Sub-adviser will determine what portion of the Sub-adviser's Portfolio each Fund shall be invested in securities and other assets. The Sub-adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Board of Trustees of the Trust and the Manager, the Sub-adviser will, in coordination with the Manager, (a) provide a program of continuous investment management for the portion of the each Fund allocated by the Manager to the Sub-adviser (the "Sub-adviser's Portfolio") for management in accordance with the each such Fund's ’s investment objectives, policies and limitations as stated in the each such Fund's ’s Prospectus and Statement of Additional Information included as part of the Trust's ’s Registration Statement on behalf of the each Fund filed with the Securities and Exchange Commission, Commission as they may be amended from time to time, copies of which shall be provided to the Sub-adviser Adviser by the ManagerManager prior to the effective date of this Sub-advisory Agreement and in advance of the effective date of any amendment in the event of any amendment to the investment objectives, policies and limitations; (b) make investment decisions for the Sub-adviser's Portfolioeach Fund; and (c) place orders to purchase and sell securities for the Sub-adviser's Portfolioeach Fund. In particular, the Sub-adviser will be responsible for the market timing of purchases and sales in the market and for all yield or other return enhancement strategies used in managing the Sub-adviser's Portfolioeach Fund. In performing its investment management services to the each Fund hereunder, the Sub-adviser will provide the each Fund with ongoing investment guidance and policy direction. The Sub-adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the each Fund will purchase, sell, enter into or use, and will provide an ongoing evaluation of each Fund to the Sub-adviser's PortfolioManager and the Trust. The Sub-adviser will determine what portion of the Sub-adviser's Portfolio each Fund shall be invested in securities and other assets. However, if the Manager specifies that the Sub-adviser shall be responsible solely for providing such services as are set forth herein with respect only to a portion of a Fund’s assets, the Sub-adviser shall not provide all such services as described herein with respect to the whole of such Fund, but solely with respect to such portion of such Fund’s assets as directed by the Manager. Subject to the Prospectus and Statement of Additional Information, the Sub-Adviser, acting as agent, will have complete discretion over each Fund (without prior reference to the Manager) to buy, sell, retain, exchange or otherwise deal in investments and other assets. For the avoidance of doubt subject to applicable law, the Sub-Adviser’s discretion shall include authority to employ agents (including affiliates) to perform any administrative, dealing or ancillary services required to enable the Sub-Adviser to perform services envisaged under this Sub-advisory Agreement. The investment objectives, policies and limitations will not be breached as a result of any events or circumstances outside the reasonable control of the Sub-Adviser including, but not limited to, changes in the price or value of assets of the Fund brought about solely through movements in the market although Sub-Adviser shall take such remedial actions as may be set forth in the Prospectus or Statement of Additional Information or otherwise instructed by the Manager. The Sub-adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Board of Trustees of the Trust and the Manager, the Sub-adviser Subadviser will, in coordination with the Manager, (a) provide a program of continuous investment management for the portion of the Fund allocated by the Manager to the Sub-adviser Subadviser (the "Sub-adviserSubadviser's Portfolio") for management 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 on behalf of the Fund filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Sub-adviser Subadviser by the Manager; (b) make investment decisions for the Sub-adviserSubadviser's Portfolio; and (c) place orders to purchase and sell securities for the Sub-adviserSubadviser's Portfolio. In particular, the Sub-adviser Subadviser will be responsible for the market timing of purchases and sales and for all yield enhancement strategies used in managing the Sub-adviserSubadviser's Portfolio. In performing its investment management services to the Fund hereunder, the Sub-adviser Subadviser 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, with respect, in all cases, to the Subadviser's Portfolio. The Sub-adviser Subadviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund Subadviser's Portfolio will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Sub-adviserSubadviser's Portfolio. The Sub-adviser Subadviser will determine what portion of the Sub-adviserSubadviser's Portfolio shall be invested in securities and other assets. The Sub-adviser Subadviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Board of Trustees of the Trust and the Manager, the Sub-adviser will, in coordination with the Manager, (a) provide a program of continuous investment management for the portion of the Fund allocated by the Manager to the Sub-adviser (the "Sub-adviser's Portfolio") for management 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 on behalf of the Fund filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Sub-adviser by the Manager; (b) make investment decisions for the Sub-adviser's PortfolioFund; and (c) place orders to purchase and sell securities for the Sub-adviser's PortfolioFund; and (d) place cash on and withdraw cash from deposit with banks and financial institutions for the Fund; and (e) enter into foreign exchange contracts with banks and financial institutions for the Fund. In particular, the Sub-adviser will be responsible for the market timing of purchases and sales in the market and for all yield or other return enhancement strategies used in managing the Sub-adviser's PortfolioFund. In performing its investment management services to the Fund hereunder, the Sub-adviser will provide the Fund with ongoing investment guidance and policy direction. The Sub-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 Sub-adviser's PortfolioFund to the Manager and the Trust. The Sub-adviser will determine what portion of the Sub-adviser's Portfolio Fund shall be invested in securities and other assets. However, if the Manager specifies that the Sub-adviser shall be responsible solely for providing such services as are set forth herein with respect only to a portion of the Fund’s assets, the Sub-adviser shall provide all such services as described herein with respect to the whole Fund, but solely with respect to such portion of the Fund’s assets as directed by the Manager. The Sub-adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Board of Trustees of the Trust and the Manager, the Sub-adviser will, in coordination with the Manager, (a) provide a program of continuous investment management for the portion of the Fund allocated by the Manager to the Sub-adviser (the "Sub-adviser's Portfolio") for management Portfolios in accordance with the Fundeach Portfolio's investment objectives, policies and limitations as stated in the FundPortfolio's Prospectus Exhibit (d)(10) and Statement of Additional Information included as part of the Trust's Registration Statement on behalf of the Fund Portfolios filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Sub-adviser by the Manager; (b) make investment decisions for the Sub-adviser's PortfolioPortfolios; and (c) place orders to purchase and sell securities for the Sub-adviser's PortfolioPortfolios. In particular, the Sub-adviser will be responsible for the market timing purchase and sale of purchases and sales securities and for all yield enhancement strategies used in managing the Sub-adviser's PortfolioPortfolios. In performing its investment management services to the Fund Portfolios hereunder, the Sub-adviser will provide the Fund Portfolios with ongoing investment guidance and policy direction. The Sub-adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund Portfolios will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Sub-adviser's PortfolioPortfolios. The Sub-adviser will determine what portion of the Sub-adviser's each Portfolio shall be invested in securities and other assets. The Sub-adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Board of Trustees of the Trust and the Manager, the Sub-adviser will, in coordination with the Manager, (a) provide a program of continuous investment management for the portion of the Fund allocated by the Manager to the Sub-adviser (the "Sub-adviser's Portfolio") for management 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 on behalf of the Fund filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Sub-adviser by the Manager; (b) make investment decisions for the Sub-adviser's PortfolioFund; and (c) place orders to purchase and sell securities for the Sub-adviser's PortfolioFund. In particular, the Sub-adviser will be responsible for the market timing of purchases and sales in the market and for all yield or other return enhancement strategies used in managing the Sub-adviser's PortfolioFund. In performing its investment management services to the Fund hereunder, the Sub-adviser will provide the Fund with ongoing investment guidance and policy direction. The Sub-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 Sub-adviser's PortfolioFund to the Manager and the Trust. The Sub-adviser will determine what portion of the Sub-adviser's Portfolio Fund shall be invested in securities and other assets. However, if the Manager specifies that the Sub-adviser shall be responsible solely for providing such services as are set forth herein with respect only to a portion of the Fund’s assets, the Sub-adviser shall provide all such services as described herein with respect to the whole Fund, but solely with respect to such portion of the Fund’s assets as directed by the Manager. The Sub-adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Board of Trustees of the Trust and the Manager, the Sub-adviser will, in coordination with the Manager, (a) provide a program of continuous investment management for the portion of the Fund allocated by the Manager to the Sub-adviser (the "Sub-adviser's Portfolio") for management 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 on behalf of the Fund filed with the Securities and Exchange Commission, as they may be amended from time to time, copies of which shall be provided to the Sub-adviser by the Manager; (b) make investment decisions for the Sub-adviser's Portfolio; and (c) place orders to purchase and sell securities for the Sub-adviser's Portfolio. In particular, the Sub-adviser will be responsible for the market timing of purchases and sales and for all yield enhancement strategies used in managing the Sub-adviser's Portfolio. In performing its investment management services to the Fund hereunder, the Sub-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, with respect, in all cases, to the Sub-adviser's Portfolio. The Sub-adviser will determine the securities, instruments, repurchase agreements, options and other investments and techniques that the Fund Sub-adviser's Portfolio will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Sub-adviser's Portfolio. The Sub-adviser will determine what portion of the Sub-adviser's Portfolio shall be invested in securities and other assets. The Sub-adviser further agrees that, in performing its duties hereunder, it will:

Investment Advisory Duties. Subject to the supervision of the Board of Trustees of the Trust and the Manager, the Sub-adviser will, in coordination with the Manager, (a) provide a program of continuous investment management for the portion of the Fund allocated by the Manager to the Sub-adviser (the "Sub-adviser's Portfolio") for management Funds in accordance with the each 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 on behalf of the Fund Funds filed with the Securities and Exchange Commission, as they may be amended from time to Exhibit (d)(12) time, copies of which shall be provided to the Sub-adviser by the Manager; (b) make investment decisions for the Sub-adviser's PortfolioFunds; and (c) place orders to purchase and sell securities for the Sub-adviser's PortfolioFunds. In particular, the Sub-adviser will be responsible for the market timing purchase and sale of purchases and sales securities and for all yield enhancement strategies used in managing the Sub-adviser's PortfolioFunds. In performing its investment management services to the Fund Funds hereunder, the Sub-adviser will provide the Fund Funds with ongoing investment guidance and policy direction. The Sub-adviser will determine the securities, instruments, repurchase agreements, 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 Sub-adviser's PortfolioFunds. The Sub-adviser will determine what portion of the Sub-adviser's Portfolio each Fund shall be invested in securities and other assets. The Sub-adviser further agrees that, in performing its duties hereunder, it will: