Common use of SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST Clause in Contracts

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' ’ registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' ’ investment objectives, investment policies and limitations set forth in the Trust’s registration statement, as amended, or as subsequently amended in writing. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' ’ investment objectives, investment policies and limitations set forth in the Trust’s registration statement, as amended, or as subsequently amended in writing. In fulfilling its obligations to manage the investments and reinvestments of the assets of the PortfoliosPortfolio, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction supervision and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios on a discretionary basis in accordance with the Portfolios' registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios Portfolio in accordance with the Portfolios' Portfolio’s registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the PortfoliosPortfolio, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' registration statement, as amended, that Adviser provides to the Subadviser. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser shall have investment discretion over the assets of the Portfolios and will manage the investments and determine the composition of the these assets of the Portfolios in accordance with the Portfolios' registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' registration statement, as amendedamended and provided to the Subadviser from time to time. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction supervision and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios Portfolio on a discretionary basis in accordance with the Portfolios' Portfolio’s registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the PortfoliosPortfolio, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction supervision and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios on a discretionary basis in accordance with the Portfolios' ’ registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the The Subadviser will manage the investments and determine the composition of the assets of the Portfolios Portfolios, subject always to the direction and control of the Trustees of the Trust, and in accordance with the Portfolios' provisions of the Trust's registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' ’ registration statement, as amended, that Adviser provides to the Subadviser. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios Portfolio in accordance with the Portfolios' Portfolio's registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the PortfoliosPortfolio, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios Funds in accordance with the PortfoliosFunds' registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the PortfoliosFunds, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' investment objectives, investment policies and limitations set forth in the Trust's registration statement, as amended, or as subsequently amended in writing. In fulfilling its obligations to manage the investments and reinvestments of the assets of the PortfoliosPortfolio, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios Trust in accordance with the Portfolios' Trust’s registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the PortfoliosTrust, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' registration statement, as amended, copies of which the Adviser will provide promptly to the Subadviser. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios Portfolio(s) in accordance with the PortfoliosPortfolio(s)' registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the PortfoliosPortfolio(s), the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' registration statementRegistration Statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' ’ registration statement, as amended, copies of which the Adviser will promptly provide to the Subadviser. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios Portfolio(s) in accordance with the Portfolios' Portfolio(s)’ registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the PortfoliosPortfolio(s), the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' registration statement, as amended, copies of which the Adviser will promptly provide to the Subadviser. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser Subad- viser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always Subjectalways to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' ’ registration statement, as amendedamended and provided to the Subadviser from time to time. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the applicable provisions specifically identified as the Subadviser's responsibility in the Portfolios' registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' ’ investment objectives, investment policies and limitations set forth in the Trust’s registration statement, as amended, or as subsequently amended in writing and provided the Subadviser. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the die investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' ’ registration statement, as amended, that Adviser provides to the Subadviser. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the applicable provisions specifically identified as the Subadviser’s responsibility in the Portfolios' ’ registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' registration statement’ Registration Statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser shall have investment discretion over the assets of the Portfolios and will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' ’ registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction oversight and control of the Adviser and Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios Fund in accordance with the Portfolios' Fund's registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the PortfoliosFund, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' Trust's registration statementstatement (the "Registration Statement") under the Securities Act of 1933 and the Investment Company Act of 1940, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction oversight and control of the Adviser and Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios Fund in accordance with the Portfolios' Fund’s registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the PortfoliosFund, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios Portfolio in accordance with the Portfolios' registration statementPortfolio's Prospectus and Statement of Additional Information, as amendedamended and provided to the Subadviser from time to time. In fulfilling its obligations to manage the investments and reinvestments of the assets of the PortfoliosPortfolio, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' ’ investment objectives, investment policies and limitations set forth in the Trust’s registration statement, statement filed with the Securities and Exchange Commission as amended, or as subsequently amended in writing. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. 2.1 . Subject always to the direction supervision and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios on a discretionary basis in accordance with the Portfolios' ’ registration statement, as amended. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the Trust, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios in accordance with the Portfolios' ’ registration statement, as amended, copies of which the Adviser will provide promptly to the Subadviser. In fulfilling its obligations to manage the investments and reinvestments of the assets of the Portfolios, the Subadviser will:

SERVICES TO BE RENDERED BY THE SUBADVISER TO THE TRUST. a. Subject always to the direction and control of the Trustees of the TrustPortfolio, the Subadviser will manage the investments and determine the composition of the assets of the Portfolios Portfolio in accordance with the Portfolios' Portfolio’s ‘s registration statement, as amended, or as subsequently amended in writing. In fulfilling its obligations to manage the investments and reinvestments of the assets of the PortfoliosPortfolio, the Subadviser will: