Common use of BASIC DISTRIBUTION SERVICES Clause in Contracts

BASIC DISTRIBUTION SERVICES. For providing the distribution entity and related infrastructure and platform, including requisite registrations and qualifications, premises, personnel, compliance, ordinary Board meeting preparation, maintenance of selling agreements, clearance of advertising and sales literature with regulators, filing appropriate documentation for advisory representatives to qualify as registered representatives of the Distributor (provided that the Adviser is solely responsible for its representatives’ meeting examination requirements) and their related registrations and fees, ordinary supervisory services, overhead, Financial Research Corporation’s Mutual Fund Views on the News and Monitor publications, and return on investment, the Distributor shall receive the following annual fee, billed monthly, based on aggregate net assets of the Funds: Aggregate Net Assets of the Funds Annual Fee $0 - $100 million $25,000 over $100 million - $1 billion $50,000 over $1 billion $75,000

BASIC DISTRIBUTION SERVICES. For providing the distribution entity and related infrastructure and platform, including requisite registrations and qualifications, premises, personnel, compliance, ordinary Board fund board meeting preparation, maintenance of selling agreements, clearance of advertising and sales literature with regulators, filing appropriate documentation for advisory representatives to qualify as registered representatives of the Distributor (provided that the Adviser is solely responsible for its representatives’ ' meeting examination requirements) and their related registrations and fees, ordinary supervisory services, overhead, Financial Research Corporation’s 's Mutual Fund Views on the News and Monitor publications, and return on investment, the Distributor shall receive the following an annual feefee of $75,000.00, billed monthly, based on aggregate net assets of the Funds: Aggregate Net Assets of the Funds Annual Fee $0 - $100 million $25,000 over $100 million - $1 billion $50,000 over $1 billion $75,000.

BASIC DISTRIBUTION SERVICES. For providing the distribution entity and related infrastructure and platform, including requisite registrations and qualifications, premises, personnel, compliance, ordinary Board fund board meeting preparation, maintenance of selling agreements, clearance of advertising and sales literature with regulators, filing appropriate documentation for advisory representatives to qualify as registered representatives of the Distributor (provided that the Adviser is solely responsible for its representatives’ meeting examination requirements) and their related registrations and fees, ordinary supervisory services, overhead, Financial Research Corporation’s Mutual Fund Views on the News and Monitor publications, and return on investment, the Distributor shall receive the following an annual feefee of $280,000, billed monthly, based on aggregate net assets of the Funds: Aggregate Net Assets of the Funds Annual Fee $0 - $100 million $25,000 over $100 million - $1 billion $50,000 over $1 billion $75,000.

BASIC DISTRIBUTION SERVICES. For providing the distribution entity and related infrastructure and platform, including requisite registrations and qualifications, premises, personnel, compliance, ordinary Board fund board meeting preparation, maintenance of selling agreements, clearance of advertising and sales literature with regulators, filing appropriate documentation for advisory representatives to qualify as registered representatives of the Distributor (provided that the Adviser is solely responsible for its representatives’ meeting examination requirements) and their related registrations and fees, ordinary supervisory services, overhead, Financial Research Corporation’s Mutual Fund Views on the News and Monitor publications, and return on investment, the Distributor shall receive the following an annual feefee of $75,000, billed monthly, based on aggregate net assets of the Funds: Aggregate Net Assets of the Funds Annual Fee $0 - $100 million $25,000 over $100 million - $1 billion $50,000 over $1 billion $75,000.

BASIC DISTRIBUTION SERVICES. For providing the distribution entity and related infrastructure and platform, including requisite registrations and qualifications, premises, personnel, compliance, ordinary Board fund board meeting preparation, maintenance of selling agreements, clearance of advertising and sales literature with regulators, filing appropriate documentation for advisory representatives to qualify as registered representatives of the Distributor (provided that the Adviser is solely responsible for its representatives’ ' meeting examination requirements) and their related registrations and fees, ordinary supervisory services, overhead, Financial Research Corporation’s 's Mutual Fund Views on the News and Monitor publications, and return on investment, the Distributor shall receive the following an annual feefee of $18,750, billed monthly, based on aggregate net assets of the Funds: Aggregate Net Assets of the Funds Annual Fee $0 - $100 million $25,000 over $100 million - $1 billion $50,000 over $1 billion $75,000.