Common use of Manager's Duties Clause in Contracts

Manager's Duties. Manager is responsible for overseeing and implementing the Fund’s investment program and provides oversight of portfolio management, investment research, and security selection for the Fund. The Manager shall be responsible for effecting in-kind and other transactions of Fund portfolio investments vis-à-vis “creation units” with authorized participants, broker-dealers or otherwise, including related functions (e.g., selecting lead market markers, drafting and negotiating applicable agreements, etc.), and the Subadviser shall have no responsibility with respect thereto. Manager shall oversee and review Subadviser’s performance of its duties under this Agreement. Manager shall also retain direct portfolio management responsibility with respect to any assets of the Funds other than the Allocated Portion as provided in Section 1(a) hereof or may direct such responsibility to any other subadviser. Manager will periodically provide to Subadviser a list of the affiliates of Manager or the Funds (other than affiliates of Subadviser) to which investment restrictions apply, and will specifically identify in writing (a) all publicly traded companies in which the Funds may not invest, together with ticker symbols for all such companies (Subadviser will assume that any company name not accompanied by a ticker symbol is not a publicly traded company), and (b) any affiliated brokers and any restrictions that apply to the use of those brokers by the Funds. Manager will provide reasonable advance written notice to Subadviser of any additions or reductions to the Allocated Portion.