Common use of Investment Program Clause in Contracts

Investment Program. The Manager shall (i) furnish continuously an investment program for each Fund, (ii) determine (subject to the overall supervision and review of the Board of Trustees of the Trust) what investments shall be purchased, held, sold or exchanged by each Fund and what portion, if any, of the assets of each Fund shall be held uninvested, and (iii) make changes on behalf of the Trust in the investments of each Fund. The Manager shall also manage, supervise and conduct the other affairs and business of the Trust and each Fund thereof and matters incidental thereto, subject always to the control of the Board of Trustees of the Trust and to the provisions of the Master Trust Agreement and By-laws of the Trust, as amended, and the Prospectus of the Trust as from time to time amended and in effect and the 1940 Act. Subject to the foregoing, the Manager shall have the authority to engage one or more sub-advisers in connection with the management of the Funds, which sub-advisers may be affiliates of the Manager.

Investment Program. The Manager shall (i) furnish continuously an investment program for each the Fund, (ii) determine (subject to the overall supervision and review of the Board of Trustees of the TrustFund (the “Board”)) what investments shall be purchased, held, sold or exchanged by each the Fund and what portion, if any, of the assets of each the Fund shall be held uninvested, and (iii) make changes on behalf of the Trust in the investments of each the Fund. The Manager also shall also manage, supervise and conduct the other affairs and business of the Trust and each Fund thereof and matters incidental thereto, subject always to the control of the Board of Trustees of the Trust Board, and to the provisions of the Master Trust Agreement and By-laws organizational documents of the TrustFund, as amendedthe Registration Statement of the Fund and its securities, including its Prospectuses and Statement of Additional Information, and the Prospectus of the Trust 1940 Act, in each case as from time to time amended and in effect and the 1940 Acteffect. Subject to the foregoing, the Manager shall have the authority to engage one or more sub-advisers in connection with the management of the FundsFund, which sub-advisers may be affiliates of the Manager.

Investment Program. The Manager shall (i) furnish continuously an investment program for each Fund, (ii) determine (subject to the overall supervision and review of the Board of Trustees of the Trust) what investments shall be purchased, held, sold or exchanged by each Fund and what portion, if any, of the assets of each Fund shall be held uninvested, and (iii) make changes on behalf of the Trust in the investments of each Fund. The Manager shall also manage, supervise and conduct the other affairs and business of the Trust and each Fund thereof and matters incidental thereto, subject always to the control of the Board of Trustees of the Trust and to the provisions of the Master Agreement and Declaration of Trust Agreement and By-laws Laws of the Trust, as amended, and the Prospectus prospectuses of the Trust as from time to time amended and in effect and the 1940 Act. Subject to the foregoing, the Manager shall have the authority to engage one or more sub-advisers in connection with the management of the Funds, which sub-advisers may be affiliates of the Manager.

Investment Program. The Manager shall (i) furnish continuously an investment program for each the Fund, (ii) determine (subject to the overall supervision and review of the Board of Trustees of the TrustFund) what investments shall be purchased, held, sold or exchanged by each the Fund and what portion, if any, of the assets of each the Fund shall be held uninvested, and (iii) make changes on behalf of the Trust in the investments of each the Fund. The Manager also shall also manage, supervise and conduct the other affairs and business of the Trust and each Fund thereof and matters incidental thereto, subject always to the control of the Board of Trustees of the Trust Fund, and to the provisions of the Master Trust Agreement and By-laws organizational documents of the TrustFund, as amendedthe Registration Statement of the Fund and its securities, including the Prospectus and Statement of Additional Information, and the Prospectus of the Trust 1940 Act, in each case as from time to time amended and in effect and the 1940 Acteffect. Subject to the foregoing, the Manager shall have the authority to engage one or more sub-advisers in connection with the management of the FundsFund, which sub-advisers may be affiliates of the Manager.

Investment Program. The Manager shall (i) furnish continuously an investment program for each Fund, (ii) determine (subject to the overall supervision and review of the Board of Trustees of the Trust) what investments shall be purchased, held, sold or exchanged by each Fund and what portion, if any, of the assets of each Fund shall be held uninvested, and (iii) make changes on behalf of the Trust in the investments of each Fund. The Manager shall also manage, supervise and conduct the other affairs and business of the Trust and each Fund thereof and matters incidental thereto, subject always to the control of the Board of Trustees of the Trust and to the provisions of the Master Trust Agreement and By-laws Laws of the Trust, as amended, and the Prospectus Prospectuses of the Trust as from time to time amended and in effect and the 1940 Act. Subject to the foregoing, the Manager shall have the authority to engage one or more sub-advisers in connection with the management of the Funds, which sub-advisers may be affiliates of the Manager.

Investment Program. The Manager shall (i) furnish continuously an investment program for each the Fund, (ii) determine (subject to the overall supervision and review of the Board of Trustees Directors of the TrustFund) what investments shall be purchased, held, sold or exchanged by each the Fund and what portion, if any, of the assets of each the Fund shall be held uninvested, and (iii) make changes on behalf of the Trust in the investments of each the Fund. The Manager shall also manage, supervise and conduct the other affairs and business of the Trust and each Fund thereof and matters incidental thereto, subject always to the control of the Board of Trustees Directors of the Trust Fund and to the provisions of the Master Trust Agreement Articles of Amendment and Restatement (the "Articles of Incorporation) and By-laws of the TrustFund, as amendedthe Prospectuses of the Fund, and the Prospectus of the Trust 1940 Act, in each case as from time to time amended and in effect and the 1940 Acteffect. Subject to the foregoing, the Manager shall have the authority to engage one or more sub-advisers in connection with the management of the FundsFund, which sub-advisers may be affiliates of the Manager.

Investment Program. The Manager shall (i) furnish continuously an investment program for each the Fund, (ii) determine (subject to the overall supervision and review of the Board of Trustees Directors of the TrustFund) what investments shall be purchased, held, sold or exchanged by each the Fund and what portion, if any, of the assets of each the Fund shall be held uninvested, and (iii) make changes on behalf of the Trust in the investments of each the Fund. The Manager also shall also manage, supervise and conduct the other affairs and business of the Trust and each Fund thereof and matters incidental thereto, subject always to the control of the Board of Trustees Directors of the Trust Fund, and to the provisions of the Master Trust Agreement Articles of Amendment and Restatement (the "Articles of Incorporation") and By-laws of the TrustFund, as amendedthe Prospectuses of the Fund, and the Prospectus of the Trust 1940 Act, in each case as from time to time amended and in effect and the 1940 Acteffect. Subject to the foregoing, the Manager shall have the authority to engage one or more sub-advisers in connection with the management of the FundsFund, which sub-advisers may be affiliates of the Manager.

Investment Program. The Manager shall (i) furnish continuously an investment program for each the Fund, (ii) determine (subject to the overall supervision and review of the Board of Trustees Directors of the TrustFund) what investments shall be purchased, held, sold or exchanged by each the Fund and what portion, if any, of the assets of each the Fund shall be held uninvested, and (iii) make changes on behalf of the Trust in the investments of each the Fund. The Manager shall also manage, supervise and conduct the other affairs and business of the Trust and each Fund thereof and matters incidental thereto, subject always to the control of the Board of Trustees Directors of the Trust Fund, and to the provisions of the Master Trust Agreement Articles of Amendment and Restatement (the "Articles of Incorporation") and By-laws of the TrustFund, as amendedthe Prospectuses of the Fund, and the Prospectus of the Trust 1940 Act, in each case as from time to time amended and in effect and the 1940 Acteffect. Subject to the foregoing, the Manager shall have the authority to engage one or more sub-advisers in connection with the management of the FundsFund, which sub-advisers may be affiliates of the Manager.