Common use of Portfolio Management Duties Clause in Contracts

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's assets allocated to the Adviser upon the recommendation of the Manager and the review of the Board of Trustees ("Allocated Assets") in accordance with the Portfolio's investment objectives, policies and limitations as stated in the Trust's Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts with respect to Allocated Assets.

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's ’s Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's ’s assets allocated to the Adviser upon the recommendation of by the Manager and subject to the review of the Board of Trustees ("“Allocated Assets"”) in accordance with the Portfolio's ’s investment objectives, policies and limitations as stated in the Trust's ’s Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets; and (iv) vote proxies if such responsibility is delegated to the Adviser by the Board of Trustees.

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's assets allocated to the Adviser upon the recommendation of the Manager and the review of the Board of Trustees ("Allocated Assets") in accordance with the Portfolio's investment objectives, policies and limitations as stated in the Trust's Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets.

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's assets allocated to the Adviser upon the recommendation of by the Manager and subject to the review of the Board of Trustees ("Allocated Assets") in accordance with the Portfolio's investment objectives, policies and limitations as stated in the Trust's Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets.

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's assets allocated to the Adviser upon the recommendation of by the Manager and subject to the review of the Board of Trustees ("Allocated Assets") in accordance with the Portfolio's investment objectives, policies and limitations as stated in the Trust's Prospectus and Statement of Additional Information, as provided by the Manager; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets.

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's assets allocated to the Adviser upon the recommendation of by the Manager and subject to the review of the Board of Trustees ("Allocated Assets") in accordance with the Portfolio's investment objectives, policies and limitations as stated in the Trust's Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets; and (iv) vote proxies if such responsibility is delegated to the Adviser by the Board of Trustees.

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's ’s Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's ’s assets allocated to the Adviser upon the recommendation of by the Manager and subject to the review of the Board of Trustees ("“Allocated Assets"”) in accordance with the Portfolio's ’s investment objectives, policies and limitations as stated in the Trust's ’s Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets. The Manager understands that the Adviser does not guarantee that any investment objectives will be achieved.

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's ’s Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's ’s assets allocated to the Adviser upon the recommendation of by the Manager and subject to the review of the Board of Trustees ("“Allocated Assets"”) in accordance with the Portfolio's ’s investment objectives, policies and limitations as stated in the Trust's ’s Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets.

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's assets allocated to the Adviser upon the recommendation of the Manager and the review of the Board of Trustees ("Allocated Assets") in accordance with the Portfolio's investment objectives, policies and limitations as stated in the Trust's Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets. The Manager understands and agrees that the Adviser does not guarantee or represent that any investment objectives will be achieved.

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's Trusts Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's ’s assets allocated to the Adviser upon the recommendation of by the Manager and subject to the review of the Board of Trustees ("“Allocated Assets"”) in accordance with the Portfolio's ’s investment objectives, policies and limitations as stated in the Trust's ’s Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets. The Manager understands and agrees that the Adviser does not guarantee or represent that any investment objectives will be achieved.

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's ’s Board of Trustees, the Adviser will (i) manage the portion of the Portfolio's ’s assets allocated to the Adviser upon the recommendation of by the Manager and subject to the review of the Board of Trustees ("“Allocated Assets"”) in accordance with the Portfolio's ’s investment objectives, policies and limitations as stated in the Trust's ’s Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets. The Manager understands and agrees that the Adviser does not guarantee or represent that any investment objectives will be achieved.

Portfolio Management Duties. (a) Subject to the supervision of the Manager and the Trust's ’s Board of Trustees, the Adviser will (i) manage the portion portions of the Portfolio's Portfolios’ assets allocated to the Adviser upon the recommendation of by the Manager and subject to the review of the Board of Trustees ("the “Allocated Assets"”) in accordance with the Portfolio's Portfolios’ investment objectives, policies and limitations as stated in the Trust's ’s Prospectus and Statement of Additional Information; (ii) make investment decisions with respect to Allocated Assets; and (iii) place orders to purchase and sell securities and, where appropriate, commodity futures contracts and options of any type with respect to Allocated Assets. The Manager understands that the Adviser does not guarantee that any investment objectives will be achieved.