Common use of Services as Investment Advisor Clause in Contracts

Services as Investment Advisor. Subject to the general supervision and direction of the Board of Trustees of the Trust and the Board of Directors of St. Clair (collectively, "Boards"), the Advisor will: (a) provide overall investment management to the Funds in accordance with each Fund's investment objective and policies as stated in each Fund's Prospectus and Statement of Additional Information filed with the Securities and Exchange Commission, as they may be amended from time to time; (b) cause investment decisions for the Funds to be made; (c) oversee the placement of purchase and sale orders on behalf of the Funds; (d) employ professional portfolio managers and securities analysts to provide research services to the Funds; (e) maintain books and records with respect to each Fund's securities transactions; and (f) provide periodic and special reports to the Boards, as requested. In providing those services, the Advisor will provide the Funds with ongoing research, analysis, advice and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. In addition, the Advisor will furnish the Funds with whatever statistical information the Funds may reasonably request with respect to the securities that the Funds may hold or contemplate purchasing. The Advisor further agrees that, in performing its duties hereunder, it will:

Services as Investment Advisor. Subject to the general supervision and direction of the Board Boards of Directors/Trustees of the Trust MST, MFI and the Board of Directors of St. Clair MFFT (collectively, the "BoardsBoard"), the Advisor will: (a) provide overall investment management to the Funds in accordance with each Fund's investment objective and policies as stated in each Fund's Prospectus and Statement of Additional Information filed with the Securities and Exchange Commission, as they may be amended from time to time; (b) cause investment decisions for the Funds to be made; (c) oversee the placement of purchase and sale orders on behalf of the Funds; (d) employ professional portfolio managers and securities analysts to provide research services to the Funds; (e) maintain books and records with respect to each Fund's securities transactions; and (f) provide periodic and special reports to the BoardsBoard, as requested. In providing those services, the Advisor will provide the Funds with ongoing research, analysis, advice and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. In addition, the Advisor will furnish the Funds with whatever statistical information the Funds may reasonably request with respect to the securities that the Funds may hold or contemplate purchasing. The Advisor further agrees that, in performing its duties hereunder, it will: