Common use of Compensation of the Advisor Clause in Contracts

Compensation of the Advisor. (a) The Trust agrees to pay the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor hereunder, an annual management fee, payable monthly and computed on the value of the average net assets of the Fund as of the close of business each business day, at the annual rate of .75%. (b) In the event the expenses of the Fund (including the fees of the Advisor and amortization of organization expenses but excluding interest, taxes, brokerage commissions, extraordinary expenses and sales charges and any distribution fees) for any fiscal year exceed the limits set by applicable regulations of state securities commissions, the Advisor will reduce its fee by the amount of such excess. Any such reductions are subject to readjustment during the year. The payment of the management fee at the end of any month will be reduced or postponed or, if necessary, a refund will be made to the Trust as to the Fund so that at no time will there be any accrued but unpaid liability under this expense limitation.

Compensation of the Advisor. (a) The Trust Fund agrees to pay the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor hereunder, an and annual management fee, fee payable monthly and computed on the net asset value of the average net assets of the Fund as of the close of business each business day, day at the annual rate of .75%1.0% of such net asset value. (b) In the event the expenses of the Fund (including the fees of the Advisor and amortization of organization expenses but excluding interest, taxes, brokerage commissionscommission, extraordinary expenses and sales charges and any distribution fees) for any fiscal year exceed the limits set by applicable regulations regulation of state securities commissionscommission, the Advisor will reduce its fee by the amount of such excess. Any such reductions are subject to readjustment during the year. The payment of the management fee at the end of any month will be reduced or postponed or, if necessary, necessary a refund will be made to the Trust as to the Fund so that at no time will there be by any accrued but unpaid liability under this expense limitation.

Compensation of the Advisor. (a) The Trust Fund agrees to pay the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor hereunder, an and annual management fee, fee payable monthly and computed on the net asset value of the average net assets of the Fund as of the close of business each business day, day at the annual rate of .75%1% of such net asset value. (b) In the event the expenses of the Fund (including the fees of the Advisor and amortization of organization expenses but excluding interest, taxes, brokerage commissionscommission, extraordinary expenses and sales charges and any distribution fees) for any fiscal year exceed the limits set by applicable regulations regulation of state securities commissionscommission, the Advisor will reduce its fee by the amount of such excess. Any such reductions are subject to readjustment during the year. The payment of the management fee at the end of any month will be reduced or postponed or, if necessary, necessary a refund will be made to the Trust as to the Fund so that at no time will there be by any accrued but unpaid liability under this expense limitation.

Compensation of the Advisor. (a) The Trust Fund agrees to pay the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor hereunder, an and annual management fee, fee payable monthly and computed on the net asset value of the average net assets of the Fund as of the close of business each business day, day at the annual rate of .75%1% of such net asset value. (b) In the event the expenses of the Fund (including the fees of the Advisor and amortization of organization expenses but excluding interest, taxes, brokerage commissions, commission. extraordinary expenses and sales charges and any distribution fees) for any fiscal year exceed the limits set by applicable regulations regulation of state securities commissionscommission, the Advisor will reduce its fee by the amount of such excess. Any such reductions are subject to readjustment during the year. The payment of the management fee at the end of any month will be reduced or postponed or, if necessary, necessary a refund will be made to the Trust as to the Fund so that at no time will there be by any accrued but unpaid liability under this expense limitation.

Compensation of the Advisor. (a) The Trust agrees to pay the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor hereunder, an annual management fee, payable monthly and computed on the value of the average net assets of the Total Return Fund as of the close of business each business day, at the annual rate of .75.55%. (b) In the event the expenses of the Total Return Fund (including the fees of the Advisor and amortization of organization expenses but excluding interest, taxes, brokerage commissions, extraordinary expenses and sales charges and any distribution fees) for any fiscal year exceed the limits set by applicable regulations of state securities commissions, the Advisor will reduce its fee by the amount of such excess. Any such reductions are subject to readjustment during the year. The payment of the management fee at the end of any month will be reduced or postponed or, if necessary, a refund will be made to the Trust as to the Total Return Fund so that at no time will there be any accrued but unpaid liability under this expense limitation.

Compensation of the Advisor. (a) The Trust agrees to pay the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor hereunder, an annual management fee, payable monthly and computed on the value of the average net assets of the Fund as of the close of business each business day, at the annual rate of .75%.60 of 1% of the first $10,000,000 of such average net assets and .50 of 1% of such net assets in excess of $10 million; provided, however, that no fee will be paid on any portion of such net assets that are invested in another investment company for which the Advisor serves as the investment advisor. (b) In the event the expenses of the Fund (including the fees of the Advisor and amortization of organization expenses but excluding interest, taxes, brokerage commissions, extraordinary expenses and sales charges and any distribution fees) for any fiscal year exceed the limits set by applicable regulations of state securities commissions, the Advisor will reduce its fee by the amount of such excess. Any such reductions are subject to readjustment during the year. The payment of the management fee at the end of any month will be reduced or postponed or, if necessary, a refund will be made to the Trust as to the Fund so that at no time will there be any accrued but unpaid liability under this expense limitation.

Compensation of the Advisor. (a) The Trust agrees to pay the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor hereunderas such, an annual management fee, payable monthly and computed on the value of the average net assets of the Fund Trust as of the close of business each business day, day at the annual rate of .75%0.80 of 1% of such net assets of the Trust. (b) In the event the expenses of the Fund Trust (including the fees of the Advisor and the Administrator and amortization of organization expenses but excluding interest, taxes, brokerage commissions, extraordinary expenses and sales charges and any distribution fees) for any fiscal year exceed the limits set by applicable regulations of state securities commissionscommissions in states where the Trust's shares are registered or qualified for sale, the Advisor will reduce its fee by the amount of such excess. Any such reductions are subject to readjustment during the year. The payment of the management fee at the end of any month will be reduced or postponed or, if necessary, a refund will be made to the Trust as to the Fund so that at no time will there be any accrued but unpaid liability under this expense limitation.

Compensation of the Advisor. (a) The Trust agrees to pay the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor hereunder, an annual management fee, payable monthly and computed on the value of the average net assets of the Fund as of the close of business each business day, at the annual rate of .75.46%. (b) In the event the expenses of the Fund (including the fees of the Advisor and amortization of organization expenses but excluding interest, taxes, brokerage commissions, extraordinary expenses and sales charges and any distribution fees) for any fiscal year exceed the limits set by applicable regulations of state securities commissions, the Advisor will reduce its fee by the amount of such excess. Any such reductions are subject to readjustment during the year. The payment of the management fee at the end of any month will be reduced or postponed or, if necessary, a refund will be made to the Trust as to the Fund so that at no time will there be any accrued but unpaid liability under this expense limitation.

Compensation of the Advisor. (a) The Trust Fund agrees to pay the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor hereunder, an and annual management fee, fee payable monthly and computed on the net asset value of the average net assets of the Fund as of the close of business each business day, day at the annual rate of .75%1.4% of such net asset value. (b) In the event the expenses of the Fund (including the fees of the Advisor and amortization of organization expenses but excluding interest, taxes, brokerage commissionscommission, extraordinary expenses and sales charges and any distribution fees) for any fiscal year exceed the limits set by applicable regulations regulation of state securities commissionscommission, the Advisor will reduce its fee by the amount of such excess. Any such reductions are subject to readjustment during the year. The payment of the management fee at the end of any month will be reduced or postponed or, if necessary, necessary a refund will be made to the Trust as to the Fund so that at no time will there be by any accrued but unpaid liability under this expense limitation.

Compensation of the Advisor. (a) The Trust Fund agrees to pay the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor hereunder, an and annual management fee, fee payable monthly and computed on the net asset value of the average net assets of the Fund as of the close of business each business day, day at the annual rate of .75%1.00% of such net asset value. (b) In the event the expenses of the Fund (including the fees of the Advisor and amortization of organization expenses but excluding interest, taxes, brokerage commissionscommission, extraordinary expenses and sales charges and any distribution fees) for any fiscal year exceed the limits set by applicable regulations regulation of state securities commissionscommission, the Advisor will reduce its fee by the amount of such excess. Any such reductions are subject to readjustment during the year. The payment of the management fee at the end of any month will be reduced or postponed or, if necessary, necessary a refund will be made to the Trust as to the Fund so that at no time will there be by any accrued but unpaid liability under this expense limitation.

Compensation of the Advisor. (a) The Trust agrees to pay the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor hereunder, an annual management fee, payable monthly and computed on the value of the average net assets of the Fund as of the close of business each business day, at the annual rate of .75.55%. (b) In the event the expenses of the Fund (including the fees of the Advisor and amortization of organization expenses but excluding interest, taxes, brokerage commissions, extraordinary expenses and sales charges and any distribution fees) for any fiscal year exceed the limits set by applicable regulations of state securities commissions, the Advisor will reduce its fee by the amount of such excess. Any such reductions are subject to readjustment during the year. The payment of the management fee at the end of any month will be reduced or postponed or, if necessary, a refund will be made to the Trust as to the Fund so that at no time will there be any accrued but unpaid liability under this expense limitation.

Compensation of the Advisor. (a) The Trust Fund agrees to pay the Advisor and the Advisor agrees to accept as full compensation for all services rendered by the Advisor hereunderas such, an annual management fee, payable monthly and computed on the value of the average daily net assets asset value of the Fund Portfolio as of the close of business each business day, at the annual rate of .75%shown on Exhibit A attached hereto. (b) In the event the expenses of the Fund a Portfolio (including the fees of the Advisor and amortization of organization expenses but excluding interest, taxes, brokerage commissions, extraordinary expenses and sales charges and any distribution fees) for any fiscal year exceed the limits set by applicable regulations of state securities commissions, the Advisor will reduce its fee by the amount of such excess. Any such reductions are subject to readjustment during the year. The payment of the management fee at the end of any month will be reduced or postponed or, if necessary, a refund will be made to the Trust as to the Fund a Portfolio so that at no any time will there be any accrued but unpaid liability under this expense limitation.