Common use of Alpha Opportunities Fund Clause in Contracts

Alpha Opportunities Fund. Effective June 1, 2013, the Adviser voluntarily agrees to reduce its advisory fee that would be payable by the Alpha Opportunities Fund (after giving effect to asset-based breakpoints) by 0.03% of the Alpha Opportunities Fund's average daily net assets. The Adviser may terminate this voluntary waiver at any time upon notice to the Alpha Opportunities Fund. Effective December 1, 2014 for Global Absolute Return Strategies Fund and Absolute Return Currency Fund and effective January 1, 2015 for all other Funds in the table below, for all share classes of the Funds the Adviser will voluntarily waive (contractually for Class R6) all blue-sky fees and printing and postage fees until the Expiration Dates. Absolute Return Currency Fund November 30, 2015 Emerging Markets Fund December 31, 2015 Floating Rate Income Fund December 31, 2015 Global Absolute Return Strategies Fund November 30, 2015 Alternative Asset Allocation Fund December 31, 2015 Natural Resources Fund December 31, 2015 Small Cap Value Fund December 31, 2015 Strategic Income Opportunities Fund December 31, 2015

Alpha Opportunities Fund. Effective June 1, 2013, the Adviser voluntarily agrees to reduce its advisory fee that would be payable by the Alpha Opportunities Fund (after giving effect to asset-based breakpoints) by 0.03% of the Alpha Opportunities Fund's average daily net assets. The Adviser may terminate this voluntary waiver at any time upon notice to the Alpha Opportunities Fund. Effective December 1, 2014 for Global Absolute Return Strategies Fund and Absolute Return Currency Fund and effective January 1, 2015 for all other Funds in the table below, for all share classes of the Funds the Adviser will voluntarily waive (contractually for Class R6) all blue-sky fees and printing and postage fees until the Expiration Dates. Absolute Return Currency Fund November 30, 2015 Emerging Markets Fund December 31, 2015 Floating Rate Income Fund December 31, 2015 Global Absolute Return Strategies Fund November 30, 2015 Alternative Asset Allocation Fund December 31, 2015 Natural Resources Fund December 31, 2015 Small Cap Value Fund December 31, 2015 Strategic Income Opportunities Fund December 31, 2015

Alpha Opportunities Fund. Effective June 1, 2013, the Adviser voluntarily agrees to reduce its advisory fee that would be payable by the Alpha Opportunities Fund (after giving effect to asset-based breakpoints) by 0.03% of the Alpha Opportunities Fund's ’s average daily net assets. The Adviser may terminate this voluntary waiver at any time upon notice to the Alpha Opportunities Fund. Effective December 1, 2014 for Global Absolute Return Strategies Fund and Absolute Return Currency Fund and effective January 1, 2015 for all other Funds in the table below, for all share classes of the Funds the Adviser will voluntarily waive (contractually for Class R6) all blue-sky fees and printing and postage fees until the Expiration Dates. Absolute Return Currency Fund November 30, 2015 Emerging Markets Fund December 31, 2015 Floating Rate Income Fund December 31, 2015 Global Absolute Return Strategies Fund November 30, 2015 Alternative Asset Allocation Fund December 31, 2015 Natural Resources Fund December 31, 2015 Small Cap Value Fund December 31, 2015 Strategic Income Opportunities Fund December 31, 2015

Alpha Opportunities Fund. Effective June 1, 2013, the Adviser voluntarily agrees to reduce its advisory fee that would be payable by the Alpha Opportunities Fund (after giving effect to asset-based breakpoints) by 0.03% of the Alpha Opportunities Fund's average daily net assets. The Adviser may terminate this voluntary waiver at any time upon notice to the Alpha Opportunities Fund. Effective December 1, 2014 for Global Absolute Return Strategies Fund and Absolute Return Currency Fund and effective January 1, 2015 for all other Funds in the table below, for all share classes of the Funds the Adviser will voluntarily waive (contractually for Class R6) all blue-sky fees and printing and postage fees until the Expiration Dates. Absolute Return Currency Fund November 30, 2015 Emerging Markets Fund December 31, 2015 Floating Rate Income Fund December 31, 2015 Global Absolute Return Strategies Fund November 30, 2015 Alternative Asset Allocation Fund December 31, 2015 Natural Resources Fund December 31, 2015 Small Cap Value Fund December 31, 2015 Strategic Income Opportunities Fund December 31, 2015