Common use of Advisory and Management Services Clause in Contracts

Advisory and Management Services. The Adviser, subject to the direction and supervision of the Trust’s Board of Trustees and in conformity with applicable laws, the Trust’s Agreement and Declaration of Trust, Bylaws, Registration Statement, Prospectus and stated investment objectives, policies and restrictions, shall either directly, or indirectly through one or more Sub-Adviser(s): (a) Manage the investment of each Fund’s assets including, by way of illustration, the evaluation of pertinent economic, statistical, financial and other data, the determination of the industries and companies to be represented in that Fund’s portfolio, the formulation and implementation of the Fund’s investment program, and the determination from time to time of the securities and other investments to be purchased, retained or sold by the Fund; (b) Place orders for the purchase or sale of portfolio securities and other instruments and investments for each Fund’s account with broker-dealers selected by the Adviser, and enter into related agreements with dealers and other counterparties for derivatives and other investments on behalf of the applicable Fund; (c) Administer the day to day operations of each Fund; (d) Take any action and provide any advice with respect to the voting of proxies with respect to securities held by the Fund in accordance with the Adviser’s Proxy Voting Policies and Procedures, as amended and revised from time to time, provided that the Adviser may delegate proxy voting responsibility to a Fund’s Sub-Adviser; (e) Furnish to the Trust office space at such place as may be agreed upon from time to time, and all office facilities, business equipment, supplies, utilities and telephone services necessary for managing the affairs and investments and keeping those accounts and records of the Trust and the Funds that are not maintained by the Trust’s transfer agent, custodian, accounting or subaccounting agent, or administrator, and arrange for officers or employees of the Adviser to serve, without compensation from the Trust, as officers, trustees or employees of the Trust, if desired and reasonably required by the Trust; and (f) Pay such expenses as are incurred by it in connection with providing the foregoing services, except as provided in Section 3 below.

Advisory and Management Services. The Adviser, subject to the direction and supervision of the Trust’s Board of Trustees and in conformity with applicable laws, the Trust’s Agreement and Declaration of Trust, Bylaws, Registration Statement, Prospectus and stated investment objectives, policies and restrictions, shall either directly, or indirectly through one or more lead Sub-Adviser(s) and any other Sub-Adviser(s): (a) Manage the investment of each Fund’s assets including, by way of illustration, the evaluation of pertinent economic, statistical, financial and other data, the determination of the industries and companies to be represented in that Fund’s portfolio, the formulation and implementation of the Fund’s investment program, and the determination from time to time of the securities and other investments to be purchased, retained or sold by the Fund; (b) Place orders for the purchase or sale of portfolio securities and other instruments and investments for each Fund’s account with broker-dealers selected by the Adviser, and enter into related agreements with dealers and other counterparties for derivatives and other investments on behalf of the applicable Fund; (c) Administer the day to day operations of each Fund; (d) Take any action and provide any advice with respect to the voting of proxies with respect to securities held by the Fund in accordance with the Adviser’s Proxy Voting Policies and Procedures, as amended and revised from time to time, provided that the Adviser may delegate proxy voting responsibility to a Fund’s Sub-Adviser; (e) Furnish to the Trust office space at such place as may be agreed upon from time to time, and all office facilities, business equipment, supplies, utilities and telephone services necessary for managing the affairs and investments and keeping those accounts and records of the Trust and the Funds that are not maintained by the Trust’s transfer agent, custodian, accounting or subaccounting agent, or administrator, and arrange for officers or employees of the Adviser to serve, without compensation from the Trust, as officers, trustees or employees of the Trust, if desired and reasonably required by the Trust; and (fe) Pay such expenses as are incurred by it in connection with providing the foregoing services, except as provided in Section 3 below.

Advisory and Management Services. The Adviser, subject to the direction and supervision of the Trust’s Board of Trustees and in conformity with applicable laws, the Trust’s Agreement and Declaration of Trust (the “Declaration of Trust”), Bylaws, Registration Statement, Prospectus Statement and stated investment objectives, policies and restrictions, shall either directly, or indirectly through one or more Sub-Adviser(s):shall: (a) Manage the investment of each Fund’s assets including, by way of illustrationillustration but not limitation, the evaluation of pertinent economic, statistical, financial and other data, the determination of the industries and companies to be represented in that Fund’s portfolio, the formulation and implementation of the Fund’s investment program, and the determination from time to time of the securities securities, cash and other investments investments, contracts, agreements or transactions (collectively “Securities”) to be purchased, retained retained, sold, entered into or sold terminated by the Fund; (b) Place orders for the purchase or sale of portfolio securities and other instruments and investments for each Fund’s account with broker-dealers or other execution agents or counterparties selected by the Adviser, and enter into related agreements with dealers and other counterparties for derivatives and other investments on behalf of the applicable Fund; (c) Administer the day to day operations of each Fund; (d) Take any action and provide any advice with respect to the voting of proxies with respect to securities held by the Fund in accordance with the Adviser’s Proxy Voting Policies and Procedures, as amended and revised from time to time, provided that the Adviser may delegate proxy voting responsibility to a Fund’s Sub-Adviser; (e) Furnish to the Trust office space at such place as may be agreed upon from time to time, and all office facilities, business equipment, supplies, utilities and telephone services necessary for managing the affairs and investments and keeping those accounts and records of the Trust and the Funds that are not maintained by the Trust’s transfer agent, custodian, accounting accounting, subaccounting agent or subaccounting agent, or administratorother service provider, and arrange for officers or employees of the Adviser to serve, without compensation from the Trust, as officers, trustees or employees of the Trust, if desired and reasonably required by the Trust; and (fe) Pay such expenses as are incurred by it in connection with providing the foregoing services, except as provided in Section 3 below.

Advisory and Management Services. The Adviser, subject to the direction and supervision of the Trust’s Board of Trustees and in conformity with applicable laws, the Trust’s Agreement and Declaration of Trust, Bylaws, Registration Statement on Form N-1A, as amended from time to time (the “Registration Statement”), Prospectus and the stated investment objectives, policies and restrictionsrestrictions of each Fund, shall either directlyas described in the prospectus relating to the Fund and forming part of the Registration Statement, or indirectly through one or more Sub-Adviser(s):shall: (a) Manage the investment of each Fund’s assets including, by way of illustration, the evaluation of pertinent economic, statistical, financial and other data, the determination of the industries and companies to be represented in that Fund’s portfolio, the formulation and implementation of the Fund’s investment program, and the determination from time to time of the securities and other investments to be purchased, retained or sold by the Fund; (b) Place orders for the purchase or sale of portfolio securities and other instruments and investments for each Fund’s account with broker-dealers selected by the Adviser, and enter into related agreements with dealers and other counterparties for derivatives and other investments on behalf of the applicable Fund; (c) Administer the day to day operations of each Fund; (d) Take any action and provide any advice with respect to the voting of proxies with respect to securities held by the Fund in accordance with the Adviser’s Proxy Voting Policies and Procedures, as amended and revised from time to time, provided that the Adviser may delegate proxy voting responsibility to a Fund’s Sub-Adviser; (e) Furnish to the Trust office space at such place as may be agreed upon from time to time, and all office facilities, business equipment, supplies, utilities and telephone services necessary for managing the affairs and investments and keeping those accounts and records of the Trust and the Funds that are not maintained by the Trust’s transfer agent, custodian, accounting or subaccounting agent, or administrator, and arrange for officers or employees of the Adviser to serve, without compensation from the Trust, as officers, trustees or employees of the Trust, if desired and reasonably required by the Trust; and (fe) Pay such expenses as are incurred by it in connection with providing the foregoing services, except as provided in Section 3 4 below.

Advisory and Management Services. The Adviser, subject to the direction and supervision of the Trust’s Board of Trustees and in conformity with applicable laws, the Trust’s Agreement and Declaration of Trust (the “Declaration of Trust”), Bylaws, Registration Statement, Prospectus and stated investment objectives, policies and restrictions, shall either directly, or indirectly through one or more Sub-Adviser(s):shall: (a) Manage the investment of each Fund’s assets including, by way of illustration, the evaluation of pertinent economic, statistical, financial and other data, the determination of the industries and companies to be represented in that Fund’s portfolio, the formulation and implementation of the Fund’s investment program, and the determination from time to time of the securities securities, cash and other investments investments, contracts, agreements or transactions (collectively “Securities”) to be purchased, retained retained, sold, entered into or sold terminated by the Fund; (b) Place orders for the purchase or sale of portfolio securities and other instruments and investments for each Fund’s account with broker-dealers or other execution agents or counterparties selected by the Adviser, and enter into related agreements with dealers and other counterparties for derivatives and other investments on behalf of the applicable Fund; (c) Administer the day to day operations of each Fund; (d) Take any action and provide any advice with respect to the voting of proxies with respect to securities held by the Fund in accordance with the Adviser’s Proxy Voting Policies and Procedures, as amended and revised from time to time, provided that the Adviser may delegate proxy voting responsibility to a Fund’s Sub-Adviser; (e) Furnish to the Trust office space at such place as may be agreed upon from time to time, and all office facilities, business equipment, supplies, utilities and telephone services necessary for managing the affairs and investments and keeping those accounts and records of the Trust and the Funds that are not maintained by the Trust’s transfer agent, custodian, accounting or subaccounting agent, or administrator, and arrange for officers or employees of the Adviser to serve, without compensation from the Trust, as officers, trustees or employees of the Trust, if desired and reasonably required by the Trust; and (fe) Pay such expenses as are incurred by it in connection with providing the foregoing services, except as provided in Section 3 below.