MONTEAGLE FUNDS MANAGEMENT AGREEMENT
MANAGEMENT
AGREEMENT
AGREEMENT
made as of the 14th
day of
July, 2006, by and between Monteagle Funds, formerly Memorial Funds (the
“Trust”), a Delaware business trust with their principal office and place of
business at 0000 Xxxxxxxxx Xxxxxxx, Xxxxxxx, Xxxxx 00000; Parkway Advisors,
L.P.
(“Parkway”), a Texas Partnership, with their principal office and place of
business at 0000 Xxxxxxxx’x Xxxxxxx, Xxxxxxx, Xxxxx 00000; and Nashville Capital
Corporation (“Nashville”), a Tennessee corporation, with their principal office
and place of business at 000 Xxxxx Xxxxxx Xxxxx, Xxxxx 000, Xxxxxxxxx, Xxxxxxxxx
00000 - collectively Parkway and Nashville shall be referred to herein as the
“Advisers”).
WHEREAS,
the Trust is registered under the Investment Company Act of 1940, as amended
(the “1940 Act”), as an open-end, management investment company and may issue
their shares of beneficial interest, no par value (the “Shares”), in separate
series; and
WHEREAS,
the Advisers are authorized to act as an investment advisers under the
Investment Advisers Act of 1940, and engage in the business of asset management
and the provision of certain other administrative and recordkeeping services
in
connection therewith; and
WHEREAS,
the Trust desires that the Advisers perform investment advisory services for
each series of the Trust listed in Appendix A hereto (each, a “Fund” and
collectively, the “Funds”), and the Advisers are willing to provide those
services on the terms and conditions set forth in this Agreement;
and
WHEREAS,
the Trust wishes to engage Advisers, to provide, or arrange for the provision
of, certain operational services which are necessary for the day-to-day
operations of the Funds set forth in Appendix A attached to this Agreement,
as
amended from time to time by agreement of the parties, in the manner and on
the
terms and conditions hereinafter set forth, and Advisers wishes to accept such
engagement; and
WHEREAS,
the Trust and the Adviser desire to enter into the arrangements described herein
relating to certain expenses of the Trusts;
NOW
THEREFORE, for and in consideration of the mutual covenants and agreements
contained herein, the Trust and the Advisers hereby agree as
follows:
SECTION
1. Appointment; Delivery of Documents
(a)
The
Trust hereby employs Advisers, subject to the direction and control of the
Board, to manage the investment and reinvestment of the assets in each
respective Fund and, without limiting the generality of the foregoing, to
provide other services as specified herein. The Advisers accept their employment
and agrees to render their services for the compensation set forth
herein.
(b)
In
connection therewith, the Trust has delivered to the Advisers copies of: (i)
the
Trust’s Trust Instrument (as amended from time to time, “Organic Documents”);
(ii) the Trust’s Registration Statement and all amendments thereto filed with
the U.S. Securities and Exchange Commission (“SEC”) pursuant to the Securities
Act of 1933, as amended (the “Securities Act”), or the 1940 Act (the
“Registration Statement”); (iii) the Trust’s current Prospectuses and Statements
of Additional Information of each Fund (collectively, as currently in effect
and
as amended or supplemented, the “Prospectus”); (iv) each plan of distribution or
similar document (if any) adopted by the Trust under Rule 12b-1 under the 1940
Act (“Plan”) and each current shareholder service plan or similar document (if
any) adopted by the Trust (“Service Plan”); and (v) all procedures adopted by
the Trust with respect to the Funds (e.g., repurchase agreement procedures),
and
shall promptly furnish the Advisers with all amendments of or supplements to
the
foregoing. The Trust shall deliver to the Advisers: (x) a copy of the resolution
of the Board of Trustees of the Trust (the “Board”) appointing the Advisers and
authorizing the execution and delivery of this Agreement; (y) a copy of all
proxy statements and related materials relating to the Funds; and (z) any other
documents, materials or information that the Advisers shall reasonably request
to enable them to perform their duties pursuant to this Agreement.
(c)
The
Advisers have each delivered to the Trust (i) a copy of their Form ADV as most
recently filed with the SEC and (ii) a copy of their code of ethics complying
with the requirements of Rule 17j-1 under the 1940 Act (the “Code”). The
Advisers shall promptly furnish the Trust with all amendments of or supplements
to the foregoing at least annually.
SECTION
2.
Duties
of the Trust
(a)
The
Trust will pay to Advisers on the last day of each month a fee at an annual
rate
outlined in Appendix A subject to this Agreement, such fee to be computed daily
based upon the net asset value of the Fund(s) as determined by a valuation
made
in accordance with the Trust's procedure for calculating Fund net asset value
as
described in the Trust's Prospectus and/or Statement of Additional Information.
During any period when the determination of a Portfolio's net asset value is
suspended by the Trustees of the Trust, the net asset value of a share of the
Fund(s) as of the last business day prior to such suspension shall, for the
purpose of this Paragraph 2(a), be deemed to be the net asset value at the
close
of each succeeding business day until it is again determined.
(b)
The
Trust will, from time to time, furnish or otherwise make available to Advisers
such information relating to the business and affairs of the Fund(s) as Advisers
may reasonably require in order to discharge its duties and obligations
hereunder. Additionally, the Trust shall cause all service providers to the
Trust to furnish information to the Advisers, and assist the Advisers as may
be
required.
SECTION
3. Duties of the Advisers
(a)
The
Advisers shall make all decisions with respect to the allocation of a Fund’s
investments in various securities or other assets, in investment styles and,
if
applicable, in other investment companies or pooled vehicles in which a Fund
may
invest. The Advisers will make decisions with respect to all purchases and
sales
of securities and other investment assets in each Fund respectively. To carry
out such decisions, the Advisers are hereby authorized, as agent and
attorney-in-fact for the Trust, for the account of, at the risk of and in the
name of the Trust, to place orders and issue instructions with respect to those
transactions of the Funds. In all purchases, sales and other transactions in
securities and other investments for the Funds, the Advisers are authorized
to
exercise full discretion and act for the Trust in the same manner and with
the
same force and effect as the Trust might or could do with respect to such
purchases, sales or other transactions, as well as with respect to all other
things necessary or incidental to the furtherance or conduct of such purchases,
sales or other transactions.
Consistent
with Section 28(e) of the Securities and Exchange Act of 1934, as amended,
the
Advisers may allocate brokerage on behalf of the Funds to broker-dealers who
provide research services. The Advisers may aggregate sales and purchase orders
of the assets of the Funds with similar orders being made simultaneously for
other accounts advised by the Advisers or their affiliates. Whenever the
Advisers simultaneously places orders to purchase or sell the same asset on
behalf of a Fund and one or more other accounts advised by the Advisers, the
orders will be allocated as to price and amount among all such accounts in
a
manner believed to be equitable over time to each account.
(b)
The
Advisers will report to the Board at each meeting thereof as requested by the
Board all material changes in each Fund since the prior report, and will also
keep the Board informed of important developments affecting the Trust, the
Funds, Subadvisers and the Advisers, and on their own initiative, will furnish
the Board from time to time with such information as the Advisers may believe
appropriate for this purpose, whether concerning the individual companies whose
securities are included in the Funds’ holdings, the industries in which they
engage, the economic, social or political conditions prevailing in each country
in which the Funds maintain investments, or otherwise. The Advisers will also
furnish the Board with such statistical and analytical information with respect
to investments of the Funds as the Advisers may believe appropriate or as the
Board reasonably may request. In making purchases and sales of securities and
other investment assets for the Funds, the Advisers will bear in mind the
policies set from time to time by the Board as well as the limitations imposed
by the Organic Documents and Registration Statement, the limitations in the
1940
Act, the Securities Act, the Internal Revenue Code of 1986, as amended, and
other applicable laws and the investment objectives, policies and restrictions
of the Funds.
(c)
The
Advisers will from time to time employ or associate with such persons as the
Advisers believes to be particularly fitted to assist in the execution of the
Advisers’ duties hereunder, the cost of performance of such duties to be borne
and paid by the Adviser. No obligation may be incurred on the Trust’s behalf in
any such respect.
(d)
The
Advisers will report to the Board all material matters. On an annual basis,
the
Advisers shall report on their compliance with their Code to the Board and
upon
the written request of the Trust, the Advisers shall permit the Trust, or their
representatives to examine the reports required to be made to the Advisers
under
the Code. The Advisers will notify the Trust of any change of control of the
Advisers and any changes in the key personnel who are either the portfolio
manager(s) of the Fund or senior management of the Advisers, in each case prior
to or promptly after such change.
(e)
The
Advisers will maintain records relating to their portfolio transactions and
placing and allocation of brokerage orders as are required to be maintained
by
the Trust under the 1940 Act. The Advisers shall prepare and maintain, or cause
to be prepared and maintained, in such form, for such periods and in such
locations as may be required by applicable law, all documents and records
relating to the services provided by the Advisers pursuant to this Agreement
required to be prepared and maintained by the Advisers or the Trust pursuant
to
applicable law. To the extent required by law, the books and records pertaining
to the Trust which are in possession of the Advisers shall be the property
of
the Trust. The Trust, or their representatives, shall have access to such books
and records at all times during the Advisers’ normal business hours. Upon the
reasonable request of the Trust, copies of any such books and records shall
be
provided promptly by the Advisers to the Trust or their
representatives.
(f)
The
Advisers will cooperate with each Fund’s independent public accountants and
shall take reasonable action to make all necessary information available to
the
accountants for the performance of the accountants’ duties.
(g)
The
Advisers will provide the Funds’ custodian and fund accountant on each business
day with such information relating to all transactions concerning the Funds’
assets as the custodian and fund accountant may reasonably require. In
accordance with procedures adopted by the Board, the Advisers are responsible
for assisting in the fair valuation of all Fund assets and will use their
reasonable efforts to arrange for the provision of prices from parties who
are
not affiliated persons of the Advisers for each asset for which the Funds’ fund
accountant does not obtain prices in the ordinary course of
business.
(h)
The
Advisers shall authorize and permit any of their directors, officers and
employees who may be elected as Trustees or officers of the Trust to serve
in
the capacities in which they are elected.
(i)
The
Advisers shall have no duties or obligations pursuant to this Agreement (other
than the continuation of their preexisting duties and obligations) during any
period in which the Fund invests all (or substantially all) of their investment
assets in a registered, open-end management investment company, or separate
series thereof, in accordance with Section 12(d)(1)(E) under the 1940
Act.
(j)
The
Trust hereby retains Advisers to provide, or, upon receipt of written approval
of the Trust arrange for other companies to provide, the following services
to
the Fund(s) in the manner and to the extent that such services are reasonably
necessary for the operation of the Funds(s) (collectively, the
"Services"):
(1)
accounting services and functions, including costs and expenses of any
independent public accountants;
(2)
non-litigation related legal and compliance services, including the expenses
of
maintaining registration and qualification of the Trust and the Fund(s) under
federal, state and any other applicable laws and regulations;
(3)
dividend disbursing agent, dividend reinvestment agent, transfer agent, and
registrar services and functions (including answering inquiries related to
shareholder Portfolio accounts);
(4)
custodian and depository services and functions;
(5)
distribution, marketing, and/or underwriting services;
(6)
independent pricing services;
(7)
preparation of reports describing the operations of the Fund(s), including
the
costs of providing such reports to broker-dealers, financial institutions and
other organizations which render services and assistance in connection with
the
distribution of shares of the Fund(s);
(8)
sub-accounting and recordkeeping services and functions (other than those books
and records required to be maintained by Advisers under the Investment Advisory
Agreement between the Trust and Advisers, including maintenance of shareholder
records and shareholder information concerning the status of their Fund(s)
accounts by investment advisers, subadvisers, broker-dealers, financial
institutions, and other organizations on behalf of Advisers;
(9)
Shareholder and Board of Trustee communication services, including the costs
of
preparing, printing and distributing notices of shareholders' meetings, proxy
statements, prospectuses, statements of additional information, Fund reports,
and other communications to the Trust's Fund shareholders, as well as all
expenses of shareholders' and Board of Trustee' meetings, including the
compensation and reimbursable expenses of the Trustees of the
Trust;
(10)
other day-to-day administrative services, including the costs of designing,
printing, and issuing certificates representing shares of the Fund(s), and
premiums for insurance coverage including the fidelity bond maintained by the
Trust pursuant to Section 17(g) of the Act and rules promulgated thereunder
(except for such premiums as may be allocated to third parties, as insureds
thereunder).
(k)
Notwithstanding
the provisions of Paragraph 3(j) above, the Services shall not include and
Advisers will not be responsible for any of the following:
(1)
all
brokers' commissions, issue and transfer taxes, and other costs chargeable
to
the Trust or the Fund(s) in connection with securities transactions to which
the
Trust or the Fund(s) is a party or in connection with securities owned by the
Trust or the Fund(s);
(2)
the
interest on indebtedness, if any, incurred by the Trust or the
Fund(s);
(3)
the
taxes, including franchise, income, issue, transfer, business license, and
other
corporate fees payable by the Trust or the Fund(s) to federal, state, county,
city, or other governmental agents;
(4)
the
expenses, including fees and disbursements of counsel, in connection with
litigation by or against the Trust or the Fund(s); and
(5)
any
other extraordinary expense of the Trust or Fund(s).
(l)
Advisers assume and shall pay for maintaining the staff, personnel, space,
equipment and facilities necessary to perform its obligations under this
Agreement.
SECTION
4. Compensation; Expenses
(a)
In
consideration of the foregoing, the Trust shall pay the Advisers, with respect
to each Fund, a fee at an annual rate as listed in Appendix A hereto. Such
fees
shall be accrued by the Trust daily and shall be payable monthly in arrears
on
the first day of each calendar month for services performed hereunder during
the
prior calendar month. If fees begin to accrue in the middle of a month or if
this Agreement terminates before the end of any month, all fees for the period
from that date to the end of that month or from the beginning of that month
to
the date of termination, as the case may be, shall be prorated according to
the
proportion that the period bears to the full month in which the effectiveness
or
termination occurs. Upon the termination of this Agreement with respect to
a
Fund, the Trust shall pay to the Advisers such compensation as shall be payable
prior to the effective date of termination.
(b)
No
fee shall be payable hereunder with respect to a Fund during any period in
which
the Fund invests all (or substantially all) of their investment assets in a
single registered, open-end management investment company, or separate series
thereof, in accordance with Section 12(d)(1)(E) under the 1940 Act;
and
(c)
The
Trust shall be responsible for and assumes the obligation for payment of: (i)
advisory fees payable under this Agreement; (ii) costs of membership in trade
associations; (iii) any expenses recouped by the Advisers; (iv) SEC registration
fees and related expenses; and (v) any extraordinary Trust expenses.
(d)
The
Advisers shall jointly and separately be responsible for and assumes the
obligation for payment of all of the Trust’s expenses, including: (i) the fees
payable to each administrator under an agreement between the administrator
and
the Trust; (ii) expenses of issue, repurchase and redemption of Shares; (iii)
premiums of insurance for the Trust, the Trustees and officers and fidelity
bond
premiums; (iv) fees and expenses of third parties, including the Trust’s
independent accountant, custodian, transfer agent, dividend disbursing agent
and
fund accountant (unless extraordinary); (v) fees of pricing, interest, dividend,
credit and other reporting services; (vi) telecommunications expenses; (vii)
funds transmission expenses; (viii) auditing, legal and compliance expenses
(unless extraordinary); (ix) costs of forming the Trust and maintaining its
existence; (x) costs of preparing, filing and printing the Trust’s Prospectuses,
subscription application forms and shareholder reports and other communications
and delivering them to existing shareholders, whether of record or beneficial;
(xi) expenses of meetings of shareholders and proxy solicitations; (xii) costs
of reproduction, stationery, supplies and postage; (xiii) the costs of personnel
(who may be employees of the Adviser, an administrator or their respective
affiliated persons) performing services for the Trust; (xiv) costs of Board,
Board committee, and other corporate meetings; (xv) state, territory or foreign
securities laws registration fees and related expenses; and (xvi) all fees
and
expenses paid by the Trust in accordance with any distribution or service plan
or agreement related to similar manners.
SECTION
5. Standard of Care
(a)
The
Trust shall expect of both Advisers, and the Advisers will give the Trust the
benefit of, the Advisers’ best judgment and efforts in rendering their services
to the Trust. The Advisers shall not be liable hereunder for any mistake of
judgment or in any event whatsoever, except for lack of good faith, provided
that nothing herein shall be deemed to protect, or purport to protect, the
Advisers against any liability to the Trust or to the Trust’s security holders
to which the Advisers would otherwise be subject by reason of willful
misfeasance, bad faith or gross negligence in the performance of the Advisers’
duties hereunder, or by reason of the Advisers’ reckless disregard of their
obligations and duties hereunder.
(b)
The
Advisers shall not be responsible or liable for any failure or delay in
performance of their obligations under this Agreement arising out of or caused,
directly or indirectly, by circumstances beyond their reasonable control
including, without limitation, acts of civil or military authority, national
emergencies, labor difficulties (other than those related to the Advisers’
employees), fire, mechanical breakdowns, flood or catastrophe, acts of God,
insurrection, war, riots or failure of the mails, transportation, communication
or power supply.
SECTION
6. Effectiveness, Duration and Termination
(a)
This
Agreement shall become effective with respect to a Fund immediately upon
approval by a majority of the outstanding voting securities of that Fund or
approval by at least a majority of all independent Trustees.
(b)
This
Agreement shall remain in effect with respect to a Fund for a period of two
years from the date of their effectiveness and shall continue in effect for
successive annual periods with respect to the Fund; provided that such
continuance is specifically approved at least annually (i) by the Board or
by
the vote of a majority of the outstanding voting securities of the Fund, and,
in
either case, (ii) by a majority of the Trust’s Trustees who are not parties to
this Agreement or interested persons of any such party (other than as Trustees
of the Trust); provided further, however, that if the continuation of this
Agreement is not approved as to a Fund, the Advisers may continue to render
to
that Fund the services described herein in the manner and to the extent
permitted by the 1940 Act and the rules and regulations thereunder.
(c)
This
Agreement may be terminated with respect to a Fund at any time, without the
payment of any penalty, (i) by the Board or by a vote of a majority of the
outstanding voting securities of the Fund on sixty (60) days’ written notice to
the Advisers or (ii) by the Advisers on sixty (60) days’ written notice to the
Trust. This Agreement shall terminate immediately upon its
assignment.
SECTION
7. Activities of the Advisers
Except
to
the extent necessary to perform their obligations hereunder, nothing herein
shall be deemed to limit or restrict the Advisers’ right, or the right of any of
the Advisers’ officers or employees to engage in any other business or to devote
time and attention to the management or other aspects of any other business,
whether of a similar or dissimilar nature, or to render services of any kind
to
any other corporation, trust, firm, individual or association.
SECTION
8. Representations of Advisers
The
Advisers collectively and separately represent and warrant to the Trust
that:
(a)
It is
either registered as an Investment Adviser under the Investment Advisers Act
of
1940, as amended (“Advisers Act”) (and will continue to be so registered for so
long as this Agreement remains in effect) or exempt from registration under
the
Advisers Act;
(b)
It is
not prohibited by the 1940 Act or the Advisers Act from performing the services
contemplated by this Agreement;
(c)
It
has met, and will seek to continue to meet for so long as this Agreement remains
in effect, any other applicable federal or state requirements, or the applicable
requirements of any self-regulatory agency, necessary to be met in order to
perform the services contemplated by this Agreement; and
(d)
It
will promptly notify the Trust of the occurrence of any event that would
disqualify the Advisers from serving as an investment Adviser of an investment
company pursuant to Section 9(a) of the 1940 Act or otherwise.
SECTION
9. Subadvisers
At
their
own expense, the Advisers may carry out any of their obligations under this
Agreement by employing, subject to the direction and control of the Board,
one
or more persons who are registered as investment advisers pursuant to the
Advisers Act or who are exempt from registration thereunder (“Subadvisers”).
Each Subadvisers’ employment will be evidenced by a separate written agreement
approved by the Board and, if required, by the shareholders of the applicable
Fund. The Advisers shall not be liable hereunder for any act or omission of
any
Subadviser, except to exercise good faith in the employment of the Subadvisers
and except with respect to matters as to which the Advisers assumes
responsibility in writing.
SECTION
10. Limitation of Shareholder and Trustee Liability
The
Trustees of the Trust and the shareholders of each Fund shall not be liable
for
any obligations of the Trust or of the Funds under this Agreement, and the
Advisers agree that, in asserting any rights or claims under this Agreement,
it
shall look only to the assets and property of the Trust or the Fund(s) to which
the Advisers’ rights or claims relate in settlement of such rights or claims,
and not to the Trustees of the Trust or the shareholders of the
Funds.
SECTION
11. Miscellaneous
(a)
No
provisions of this Agreement may be amended or modified in any manner except
by
a written agreement properly authorized and executed by all parties hereto
and,
if required by the 1940 Act, by a vote of a majority of the outstanding voting
securities of any Fund thereby affected.
(b)
No
amendment to this Agreement or the termination of this Agreement with respect
to
a Fund shall affect this Agreement as it pertains to any other Fund, nor shall
any such amendment require the vote of the shareholders of any other
Fund.
(c)
No
party to this Agreement shall be liable to any other party for consequential
damages under any provision of this Agreement.
(d)
This
Agreement shall be governed by, and the provisions of this Agreement shall
be
construed and interpreted under and in accordance with, the laws of the State
of
Delaware.
(e)
This
Agreement constitutes the entire agreement between the parties hereto and
supersedes any prior agreement with respect to the subject matter hereof,
whether oral or written.
(f)
This
Agreement may be executed by the parties hereto in any number of counterparts,
and all of the counterparts taken together shall be deemed to constitute one
and
the same instrument.
(g)
If
any part, term or provision of this Agreement is held to be illegal, in conflict
with any law or otherwise invalid, the remaining portion or portions shall
be
considered severable and not be affected, and the rights and obligations of
the
parties shall be construed and enforced as if the Agreement did not contain
the
particular part, term or provision held to be illegal or invalid. This Agreement
shall be construed as if drafted jointly by the Advisers and Trust and no
presumptions shall arise favoring any party by virtue of authorship of any
provision of this Agreement.
(h)
Section headings in this Agreement are included for convenience only and are
not
to be used to construe or interpret this Agreement.
(i)
Notices, requests, instructions and communications received by the parties
at
their respective principal places of business, or at such other address as
a
party may have designated in writing, shall be deemed to have been properly
given.
(j)
Notwithstanding any other provision of this Agreement, the parties agree that
the assets and liabilities of each Fund of the Trust are separate and distinct
from the assets and liabilities of each other Fund and that no Fund shall be
liable or shall be charged for any debt, obligation or liability of any other
Fund, whether arising under this Agreement or otherwise.
(k)
No
affiliated person, employee, agent, director, officer or manager of either
Adviser shall be liable at law or in equity for the Advisers’ obligations under
this Agreement.
(l)
The
terms “vote of a majority of the outstanding voting securities,” “interested
person,” “affiliated person,” “control” and “assignment” shall have the meanings
ascribed thereto in the 1940 Act.
(m)
Each
of the undersigned warrants and represents that they have full power and
authority to sign this Agreement on behalf of the party indicated and that
their
signature will bind the party indicated to the terms hereof and each party
hereto warrants and represents that this Agreement, when executed and delivered,
will constitute a legal, valid and binding obligation of the party, enforceable
against the party in accordance with their terms, subject to bankruptcy,
insolvency, reorganization, moratorium and other laws of general application
affecting the rights and remedies of creditors and secured parties.
IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed all as of the day and year first above written.
TRUST
|
ADVISERS
|
|||
PARKWAY
ADVISORS, L.P.
|
||||
By:
|
/s/
|
By:
|
/s/
|
|
Xxxx
Xxxxxx, Independent Trustee
|
Xxxx
X. Xxxxxxxx, President
|
|||
By:
|
/s/
|
|||
Xxxxx
Xxxxxxxx, Independent Trustee
|
NASHVILLE
CAPITAL
|
|||
CORPORATION
|
||||
By:
|
/s/
|
|||
Xxxxx
Xxxxx, Independent Trustee
|
||||
By:
|
/s/
|
|||
Xxxxx
Xxxxxxx, President
|
INVESTMENT
ADVISORY AGREEMENT
APPENDIX
A
Adviser
|
Fund
|
Annual
Fee rate as a % of theFunds
of
the Trust - Net Assets of the Fund
|
|
Parkway
Advisors, LP
|
Select
Value Fund
|
First
$25 Million
Next
$25 Million
Next
$50 Million
Over
$100 Million
|
1.20
%
1.15
%
.975
%
.875
%
|
Parkway
Advisors, LP
|
Quality
Growth Fund
|
First
$25 Million
Next
$25 Million
Next
$50 Million
Over
$100 Million
|
1.20
%
1.15
%
.975
%
.875
%
|
Nashville
Capital Corporation
|
Large-Cap
Growth Fund
|
First
$25 Million
Next
$25 Million
Next
$50 Million
Over
$100 Million
|
1.20
%
1.15
%
.975
%
.875
%
|
Nashville
Capital Corporation
|
Value
Fund
|
First
$25 Million
Next
$25 Million
Next
$50 Million
Over
$100 Million
|
1.20
%
1.15
%
.975
%
.875
%
|
Nashville
Capital Corporation
|
Fixed
Income Fund
|
First
$25 Million
Next
$25 Million
Next
$50 Million
Over
$100 Million
|
.965
%
.965
%
.845
%
.775
%
|
TRUST
|
ADVISERS
|
|||
PARKWAY
ADVISORS, L.P.
|
||||
By:
|
/s/
|
By:
|
/s/
|
|
Xxxx
Xxxxxx, Independent Trustee
|
Xxxx
X. Xxxxxxxx, President
|
|||
By:
|
/s/
|
|||
Xxxxx
Xxxxxxxx, Independent Trustee
|
NASHVILLE
CAPITAL
|
|||
CORPORATION
|
||||
By:
|
/s/
|
|||
Xxxxx
Xxxxx, Independent Trustee
|
||||
By:
|
/s/
|
|||
Xxxxx
Xxxxxxx, President
|