FBR National Trust Company Sample Contracts

Exhibit (g) Agreement for Custody Services between the Registrant and FBR National Trust Company.
FBR National Trust Company • November 15th, 2005 • FBR Funds • Maryland

CUSTODY SERVICES AGREEMENT ("Agreement") made as of the 1st day of November, 2005, by and between The FBR Funds, a Delaware statutory trust, which may issue one or more shares of beneficial interest (the "Trust"), and FBR National Trust Company (the "Custodian"), a Nationally chartered institution that has been granted certain Trust powers under the Office of the Comptroller of Currency, whose place of business is located in Bethesda, Maryland.

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