Common use of International Value Fund Clause in Contracts

International Value Fund. Small Cap Opportunities Fund Smaller Company Growth Fund The Adviser contractually agrees to waive its management fee for the Fund in an amount equal to the amount by which the management fee retained by the Adviser after payment of the subadvisory fees for the Fund exceeds 0.45% as a percentage of average annual net assets (on an annualized basis) of the Fund. The current expense limitation agreement expires on December 31, 2011 unless renewed by mutual agreement of the fund and the Adviser based upon a determination that this is appropriate under the circumstances at that time.

International Value Fund. Small Cap Opportunities Opportunity Fund Smaller Company Growth Fund The Adviser contractually agrees to waive its management fee for the Fund in an amount equal to the amount by which the management fee retained by the Adviser after payment of the subadvisory fees for the Fund exceeds 0.45% as a percentage of average annual net assets (on an annualized basis) of the Fund. The current This expense limitation agreement expires on reimbursement will continue in effect until December 31, 2011 unless renewed 2010 and thereafter until terminated by mutual agreement of the fund and the Adviser based upon a determination that this is appropriate under on notice to the circumstances at that timeTrust.