CONTRACTUAL FEE/EXPENSE WAIVER AGREEMENT

Exhibit 99.(h)(17)

CONTRACTUAL FEE/EXPENSE WAIVER AGREEMENT

Agreement effective as of the 5th day of May 2010 by and between the ▇▇▇▇▇▇ Funds, a Massachusetts business trust (the “Trust”) and ▇▇▇▇▇▇ Investment Partners, Inc., a Pennsylvania corporation (“TIP”).

TIP hereby agrees to limit the net total operating expenses, excluding acquired fund fees and expenses and interest expenses relating to short sales, at the levels indicated through May 5, 2011 for the ▇▇▇▇▇▇ Global Opportunities Fund:

▇▇▇▇▇▇ Global Opportunities Fund:		Net Total Operating Expenses
Institutional Class		1.10	%
Investor Class		1.35	%

This Agreement shall be renewable at the end of each one year term for an additional one year term upon the written agreement of the parties hereto.

IN WITNESS WHEREOF, intending to be legally bound hereby, the parties hereto have caused this Agreement to be executed by their officers designated below effective as of the day and year first above written.

▇▇▇▇▇▇ FUNDS			▇▇▇▇▇▇ INVESTMENT PARTNERS, INC.
By:	/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇		By:	/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
	Signature			Signature
Name:	▇▇▇▇▇▇ ▇. ▇▇▇▇▇		Name:	▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
	Printed			Printed
Title:	President and Chief Executive Officer		Title:	General Counsel and Chief Compliance Officer - Principal