0000894189-06-001483 Sample Contracts

MASTERS’ SELECT FOCUSED OPPORTUNITIES FUND MASTERS’ SELECT FUNDS TRUST INVESTMENT SUB-ADVISORY AGREEMENT

Investment Sub-Advisory Agreement • June 22nd, 2006 • Masters Select Funds Trust • California

• Contract Type
  Investment Sub-Advisory Agreement
• Filed
  June 22nd, 2006
• Company
  Masters Select Funds Trust
• Jurisdiction
  California

THIS INVESTMENT SUB-ADVISORY AGREEMENT is made as of the 30th day of May 2006 by and between LITMAN/GREGORY FUND ADVISORS, LLC (the “Advisor”) and FRANKLIN MUTAL ADVISERS, LLC (the “Sub-Advisor”).