Common use of Investment Advisory Duties Clause in Contracts

Investment Advisory Duties. The duties and obligations of the Investment Manager set forth in this Section 2 will be referred to throughout this Agreement as “Advisory Services.” (a) Investment management and research. Subject to the supervision of the Trustees of the Fund, the Investment Manager will, (a) provide a program of continuous investment management for the Portfolio in accordance with the Portfolio’s investment objectives, policies and limitations as stated in the Portfolio’s Prospectus(es) and Statement(s) of Additional Information included as part of the Fund’s Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time (“Registration Statement”), (b) make asset allocation and investment decisions for the Portfolio; and (c) place orders to purchase and sell securities for the Portfolio. In performing its Advisory Services to the Portfolio hereunder, the Investment Manager will provide the Portfolio with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data, and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Investment Manager will determine the securities, instruments, repurchase agreements, options, futures and other investments and techniques that the Portfolio will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Portfolio’s investments. The Investment Manager will determine what portion of the Portfolio’s investments shall be invested in securities and other assets, and what portion, if any, should be held uninvested.

Investment Advisory Duties. The duties and obligations of the Investment Manager set forth in this Section 2 will be referred to throughout this Agreement as “Advisory Services.” (a) Investment management and research. Subject to the supervision of the Trustees of the Fund, the Investment Manager will, (a) provide a program of continuous investment management for the Portfolio Portfolios in accordance with the Portfolio’s Portfolios’ investment objectives, policies and limitations as stated in the each Portfolio’s Prospectus(es) and Statement(s) of Additional Information included as part of the Fund’s Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time (“Registration Statement”), (b) make asset allocation and investment decisions for the PortfolioPortfolios; and (c) place orders to purchase and sell securities for the PortfolioPortfolios. In performing its Advisory Services to the Portfolio Portfolios hereunder, the Investment Manager will provide the Portfolio Portfolios with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data, and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Investment Manager will determine the securities, instruments, repurchase agreements, options, futures and other investments and techniques that the Portfolio Portfolios will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Portfolio’s Portfolios’ investments. The Investment Manager will determine what portion of the Portfolio’s Portfolios’ investments shall be invested in securities and other assets, and what portion, if any, should be held uninvested.

Investment Advisory Duties. The duties and obligations of the Investment Manager set forth in this Section 2 will be referred to throughout this Agreement as “Advisory Services.” (a) Investment management and research. Subject to the supervision of the Trustees of the Fund, the Investment Manager will, (a) provide a program of continuous investment management for the Portfolio Portfolios in accordance with the Portfolio’s Portfolios’ investment objectives, policies and limitations as stated in the Portfolio’s Portfolios’ Prospectus(es) and Statement(s) of Additional Information included as part of the Fund’s Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time (“Registration Statement”), (b) make asset allocation and investment decisions for the PortfolioPortfolios; and (c) place orders to purchase and sell securities for the PortfolioPortfolios. In performing its Advisory Services to the Portfolio Portfolios hereunder, the Investment Manager will provide the Portfolio Portfolios with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data, and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Investment Manager will determine the securities, instruments, repurchase agreements, options, futures and other investments and techniques that the Portfolio Portfolios will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Portfolio’s Portfolios’ investments. The Investment Manager will determine what portion of the Portfolio’s Portfolios’ investments shall be invested in securities and other assets, and what portion, if any, should be held uninvested.

Investment Advisory Duties. The duties and obligations of the Investment Manager set forth in this Section 2 will be referred to throughout this Agreement as “Advisory Services.” (a) Investment management and research. Subject to the supervision of the Trustees of the Fund, the Investment Manager will, (a) provide a program of continuous investment management for the Portfolio Portfolios in accordance with the Portfolio’s Portfolios’ investment objectives, policies and limitations as stated in the each Portfolio’s Prospectus(es) and Statement(s) of Additional Information included as part of the Fund’s Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time (“Registration Statement”), (b) make asset allocation and investment decisions for the PortfolioPortfolios; and (c) place orders to purchase and sell securities for the PortfolioPortfolios. In performing its Advisory Services to the Portfolio Portfolios hereunder, the Investment Manager will provide the Portfolio Portfolios with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data, and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Investment Manager will determine the securities, instruments, repurchase agreements, options, futures and other investments and techniques that the Portfolio Portfolios will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Portfolio’s investments. The Investment Manager will determine what portion of the Portfolio’s investments shall be invested in securities and other assets, and what portion, if any, should be held uninvested.Portfolios’

Investment Advisory Duties. The duties and obligations of the Investment Manager set forth in this Section 2 will be referred to throughout this Agreement as “"Advisory Services.”" (a) Investment management and research. Subject to the supervision of the Trustees of the Fund, the Investment Manager will, (a) provide a program of continuous investment management for the Portfolio Portfolios in accordance with the Portfolio’s Portfolios' investment objectives, policies and limitations as stated in the Portfolio’s Portfolios' Prospectus(es) and Statement(s) of Additional Information included as part of the Fund’s 's Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time (“"Registration Statement”"), (b) make asset allocation and investment decisions for the PortfolioPortfolios; and (c) place orders to purchase and sell securities for the PortfolioPortfolios. In performing its Advisory Services to the Portfolio Portfolios hereunder, the Investment Manager will provide the Portfolio Portfolios with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data, and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Investment Manager will determine the securities, instruments, repurchase agreements, options, futures and other investments and techniques that the Portfolio Portfolios will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Portfolio’s Portfolios' investments. The Investment Manager will determine what portion of the Portfolio’s Portfolios' investments shall be invested in securities and other assets, and what portion, if any, should be held uninvested.

Investment Advisory Duties. The duties and obligations of the Investment Manager set forth in this Section 2 will be referred to throughout this Agreement as “Advisory Services.” (a) Investment management and research. Subject to the supervision of the Trustees of the Fund, the Investment Manager will, (a) provide a program of continuous investment management for the Portfolio Portfolios in accordance with the Portfolio’s Portfolios’ investment objectives, policies and limitations as stated in the each Portfolio’s Prospectus(es) and Statement(s) of Additional Information included as part of the Fund’s Registration Statement filed with the Securities and Exchange Commission, as they may be amended from time to time (“Registration Statement”), (b) make asset allocation and investment decisions for the PortfolioPortfolios; and (c) place orders to purchase and sell securities for the PortfolioPortfolios. In performing its Advisory Services to the Portfolio Portfolios hereunder, the Investment Manager will provide the Portfolio Portfolios with ongoing investment guidance and policy direction, including oral and written research, analysis, advice, statistical and economic data, and judgments regarding individual investments, general economic conditions and trends and long-range investment policy. The Investment Manager will determine the securities, instruments, repurchase agreements, options, futures and other investments and techniques that the Portfolio Portfolios will purchase, sell, enter into or use, and will provide an ongoing evaluation of the Portfolio’s investments. The Investment Manager will determine what portion of the Portfolio’s investments shall be invested in securities and other assets, and what portion, if any, should be held uninvested.Portfolios’ DMEAST #8605877 v8