Common use of Investment Management Fee Clause in Contracts

Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub–Advisor agrees to pay the UK Sub–Advisor a monthly investment management fee (the “UK Investment Management Fee”). The UK Investment Management Fee shall be equal to a percentage of the monthly average net assets of the Portfolio managed by the UK Sub–Advisor pursuant to subparagraph 1(b) of this Agreement, calculated on a cumulative basis based upon a monthly average of the aggregate of all net assets managed by the UK Sub–Advisor on behalf of the Sub–Advisor pursuant to sub–advisory arrangements (“Average Group Assets”) in accordance with the following fee schedule: Average Group Assets Annualized Fee Rate (For Each Level) $0 - $500 million 0.30% $500 million - $1 billion 0.25% over $1 billion 0.20% , provided that in no event shall the UK Investment Management Fee exceed 50% of the sub–advisory fees received by the Sub–Advisor in respect of the Portfolio from the Advisor pursuant to the Sub–Advisory Agreement, and provided further that, for purposes of calculating the fee rates set forth above, any assets managed by the UK Sub–Advisor on behalf of the Sub–Advisor pursuant to a sub–advisory arrangement where a fee cap is being applied to reduce the UK Sub–Advisor’s fee to less than the rates set forth above shall be excluded from Average Group Assets.

Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub–-Advisor agrees to pay the UK Sub–-Advisor a monthly investment management fee (the “UK Investment Management Fee”). The UK Investment Management Fee shall be equal to a percentage of the monthly average net assets of the Portfolio Fund managed by the UK Sub–-Advisor pursuant to subparagraph 1(b) of this Agreement, calculated on a cumulative basis based upon a monthly average of the aggregate of all net assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to sub–-advisory arrangements (“Average Group Assets”) in accordance with the following fee schedule: Annualized Fee Rate Average Group Assets Annualized Fee Rate (For Each Level) $0 - $500 million 0.300.30 % $500 million - $1 billion 0.250.25 % over $1 billion 0.200.20 % , provided that in no event shall the UK Investment Management Fee exceed 50% of the sub–-advisory fees received by the Sub–-Advisor in respect of the Portfolio Fund from the Advisor pursuant to the Sub–-Advisory Agreement, and provided further that, for purposes of calculating the fee rates set forth above, any assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to a sub–-advisory arrangement where a fee cap is being applied to reduce the UK Sub–-Advisor’s fee to less than the rates set forth above shall be excluded from Average Group Assets.

Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub–-Advisor agrees to pay the UK Sub–-Advisor a monthly investment management fee (the “UK Investment Management Fee”). The UK Investment Management Fee shall be equal to a percentage of the monthly average net assets of the Portfolio managed by the UK Sub–-Advisor pursuant to subparagraph 1(b) of this Agreement, calculated on a cumulative basis based upon a monthly average of the aggregate of all net assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to sub–-advisory arrangements (“Average Group Assets”) in accordance with the following fee schedule: Average Group Assets Annualized Fee Rate (For Each Level) $0 - $500 million 0.30% $500 million - $1 billion 0.25% over $1 billion 0.20% , provided that in no event shall the UK Investment Management Fee exceed 50% of the sub–-advisory fees received by the Sub–-Advisor in respect of the Portfolio from the Advisor pursuant to the Sub–-Advisory Agreement, and provided further that, for purposes of calculating the fee rates set forth above, any assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to a sub–-advisory arrangement where a fee cap is being applied to reduce the UK Sub–-Advisor’s fee to less than the rates set forth above shall be excluded from Average Group Assets.

Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub–-Advisor agrees to pay the UK Sub–-Advisor a monthly investment management manage- ment fee (the “UK Investment Management Fee”). The UK Investment Management Fee shall be equal to a percentage of the monthly average net assets of the Portfolio Fund managed by the UK Sub–Advisor -Advi- sor pursuant to subparagraph 1(b) of this Agreement, calculated on a cumulative basis based upon a monthly average of the aggregate of all net assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to sub–-advisory arrangements (“Average Group Assets”) in accordance with the following fee schedule: [For Equity Funds] Annualized Fee Rate Average Group Assets Annualized Fee Rate (For Each Level) $0 - $500 million 0.300.30 % $500 million - $1 billion 0.250.25 % over $1 billion 0.200.20 % [For Bond Funds] Annualized Fee Rate Average Group Assets (For Each Level) $0 - $500 million 0.23 % $500 million - $1 billion 0.20 % over $1 billion 0.17 % , provided that in no event shall the UK Investment Management Fee exceed 50% of the sub–advisory -advi- sory fees received by the Sub–-Advisor in respect of the Portfolio Fund from the Advisor pursuant to the Sub–Sub- Advisory Agreement, and provided further that, for purposes of calculating the fee rates set forth above, any assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to a sub–sub- advisory arrangement where a fee cap is being applied to reduce the UK Sub–-Advisor’s fee to less than the rates set forth above shall be excluded from Average Group Assets.

Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub–-Advisor agrees to pay the UK Sub–-Advisor a monthly investment management fee (the “UK Investment Management Fee”). The UK Investment Management Fee shall be equal to a percentage of the monthly average net assets of the Portfolio Fund managed by the UK Sub–-Advisor pursuant to subparagraph 1(b) of this Agreement, calculated on a cumulative basis based upon a monthly average of the aggregate of all net assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to sub–-advisory arrangements (“Average Group Assets”) in accordance with the following fee schedule: [For Equity Funds and Liquid Alternative Funds] Annualized Fee Rate Average Group Assets Annualized Fee Rate (For Each Level) $0 - $500 million 0.300.32 % $500 million - $1 billion 0.250.27 % over $1 billion 0.200.24 % [For Bond Funds] Annualized Fee Rate Average Group Assets (For Each Level) $0 - $500 million 0.23 % $500 million - $1 billion 0.20 % over $1 billion 0.17 % , provided that in no event shall the UK Investment Management Fee exceed 50% of the sub–-advisory fees received by the Sub–-Advisor in respect of the Portfolio Fund from the Advisor pursuant to the Sub–-Advisory Agreement, and provided further that, for purposes of calculating the fee rates set forth above, any assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to a sub–-advisory arrangement where a fee cap is being applied to reduce the UK Sub–-Advisor’s fee to less than the rates set forth above shall be excluded from Average Group Assets.

Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub–-Advisor agrees to pay the UK Sub–-Advisor a monthly investment management man­ agement fee (the “"UK Investment Management Fee”"). The UK Investment Management Fee shall be equal to a percentage of the monthly average net assets of the Portfolio managed by the UK Sub–-Advisor pursuant to subparagraph 1(bl(b) of this Agreement, calculated on a cumulative basis based upon a monthly average of the aggregate of all net assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to sub–-advisory arrangements (“"Average Group Assets”") in accordance with the following fee schedule: Average Group Assets $0 - $500 million $500 million - $1 billion over $1 billion Annualized Fee Rate (For Each Level) $0 - $500 million 0.300.23 % $500 million - $1 billion 0.250.20% over $1 billion 0.200.17% , provided that in no event shall the UK Investment Management Fee exceed 50% of the sub–advisory -advi­ sory fees received by the Sub–-Advisor in respect of the Portfolio from the Advisor pursuant to the Sub–-Advisory Agreement, and provided further that, for purposes of calculating the fee rates set forth above, any assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to a sub–-advisory arrangement where a fee cap is being applied to reduce the UK Sub–-Advisor’s 's fee to less than the rates set forth above shall be excluded from Average Group Assets.

Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub–-Advisor agrees to pay the UK Sub–-Advisor a monthly investment management manage- ment fee (the “UK Investment Management Fee”). The UK Investment Management Fee shall be equal to a percentage of the monthly average net assets of the Portfolio Fund managed by the UK Sub–Advisor -Advi- sor pursuant to subparagraph 1(b) of this Agreement, calculated on a cumulative basis based upon a monthly average of the aggregate of all net assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to sub–-advisory arrangements (“Average Group Assets”) in accordance with the following fee schedule: [For Equity Funds] Average Group Assets Annualized Fee Rate (For Each Level) $0 - $500 million 0.300.30 % $500 million - $1 billion 0.250.25 % over $1 billion 0.200.20 % [For Bond Funds] Annualized Fee Rate Average Group Assets (For Each Level) $0 - $500 million 0.23 % $500 million - $1 billion 0.20 % over $1 billion 0.17 % , provided that in no event shall the UK Investment Management Fee exceed 50% of the sub–-advisory fees received by the Sub–-Advisor in respect of the Portfolio Fund from the Advisor pursuant to the Sub–Sub- Advisory Agreement, and provided further that, for purposes of calculating the fee rates set forth above, any assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to a sub–sub- advisory arrangement where a fee cap is being applied to reduce the UK Sub–-Advisor’s fee to less than the rates set forth above shall be excluded from Average Group Assets.

Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub–-Advisor agrees to pay the UK Sub–-Advisor a monthly investment management fee (the “UK Investment Management Fee”). The UK Investment Management Fee shall be equal to a percentage of the monthly average net assets of the Portfolio managed by the UK Sub–-Advisor pursuant to subparagraph 1(b) of this Agreement, calculated on a cumulative basis based upon a monthly average of the aggregate of all net assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to sub–-advisory arrangements (“Average Group Assets”) in accordance with the following fee schedule: Annualized Fee Rate Average Group Assets Annualized Fee Rate (For Each Level) $0 - $500 million 0.300.23 % $500 million - $1 billion 0.250.20 % over $1 billion 0.200.17 % , provided that in no event shall the UK Investment Management Fee exceed 50% of the sub–-advisory fees received by the Sub–-Advisor in respect of the Portfolio from the Advisor pursuant to the Sub–-Advisory Agreement, and provided further that, for purposes of calculating the fee rates set forth above, any assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to a sub–-advisory arrangement where a fee cap is being applied to reduce the UK Sub–-Advisor’s fee to less than the rates set forth above shall be excluded from Average Group Assets.

Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub–-Advisor agrees to pay the UK Sub–-Advisor a monthly investment management fee (the “UK Investment Management Fee”). The UK Investment Management Fee shall be equal to a percentage of the monthly average net assets of the Portfolio Fund managed by the UK Sub–-Advisor pursuant to subparagraph 1(b) of this Agreement, calculated on a cumulative basis based upon a monthly average of the aggregate of all net assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to sub–advisory Sub-Advisory arrangements (“Average Group Assets”) in accordance with the following fee schedule: Annualized Fee Rate Average Group Assets Annualized Fee Rate (For Each Level) $0 - $500 million 0.3032% $500 million - $1 billion 0.2527% over $1 billion 0.2024% , provided that in no event shall the UK Investment Management Fee exceed 50% of the sub–advisory Sub-Advisory fees received by the Sub–-Advisor in respect of the Portfolio Fund from the Advisor pursuant to the Sub–-Advisory Agreement, and provided further that, for purposes of calculating the fee rates set forth above, any assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to a sub–advisory Sub-Advisory arrangement where a fee cap is being applied to reduce the UK Sub–-Advisor’s fee to less than the rates set forth above shall be excluded from Average Group Assets.

Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub–Advisor agrees to pay the UK Sub–Advisor a monthly investment management fee (the “UK Investment Management Fee”). The UK Investment Management Fee shall be equal to a percentage of the monthly average net assets of the Portfolio managed by the UK Sub–Advisor pursuant to subparagraph 1(b) of this Agreement, calculated on a cumulative basis based upon a monthly average of the aggregate of all net assets managed by the UK Sub–Advisor on behalf of the Sub–Advisor pursuant to sub–advisory arrangements (“Average Group Assets”) in accordance with the following fee schedule: Annualized Fee Rate Average Group Assets Annualized Fee Rate (For Each Level) $0 - – $500 million 0.300.23% $500 million - – $1 billion 0.250.20% over $1 billion 0.200.17% , provided that in no event shall the UK Investment Management Fee exceed 50% of the sub–advisory fees received by the Sub–Advisor in respect of the Portfolio from the Advisor pursuant to the Sub–Advisory Agreement, and provided further that, for purposes of calculating the fee rates set forth above, any assets managed by the UK Sub–Advisor on behalf of the Sub–Advisor pursuant to a sub–advisory arrangement where a fee cap is being applied to reduce the UK Sub–Advisor’s fee to less than the rates set forth above shall be excluded from Average Group Assets.

Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub–-Advisor agrees to pay the UK Sub–-Advisor a monthly investment management fee (the “"UK Investment Management Fee”"). The UK Investment Management Fee shall be equal to a percentage of the monthly average net assets of the Portfolio managed by the UK Sub–-Advisor pursuant to subparagraph 1(b) of this Agreement, calculated on a cumulative basis based upon a monthly average of the aggregate of all net assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to sub–-advisory arrangements (“"Average Group Assets”") in accordance with the following fee schedule: \\\\\\\\\\\\\\\\ Annualized Fee Rate Average Group Assets Annualized Fee Rate (For Each Level) $0 - $500 million 0.300.30 % $500 million - $1 billion 0.250.25 % over $1 billion 0.200.20 % , provided that in no event shall the UK Investment Management Fee exceed 50% of the sub–-advisory fees received by the Sub–-Advisor in respect of the Portfolio from the Advisor pursuant to the Sub–-Advisory Agreement, and provided further that, for purposes of calculating the fee rates set forth above, any assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to a sub–-advisory arrangement where a fee cap is being applied to reduce the UK Sub–-Advisor’s 's fee to less than the rates set forth above shall be excluded from Average Group Assets.

Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub–-Advisor agrees to pay the UK Sub–-Advisor a monthly investment management fee (the “"UK Investment Management Fee”"). The UK Investment Management Fee shall be equal to a percentage of the monthly average net assets of the Portfolio managed by the UK Sub–-Advisor pursuant to subparagraph 1(b) of this Agreement, calculated on a cumulative basis based upon a monthly average of the aggregate of all net assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to sub–-advisory arrangements (“"Average Group Assets”") in accordance with the following fee schedule: Annualized Fee Rate Average Group Assets Annualized Fee Rate (For Each Level) )__ $0 - $500 million 0.300.30 % $500 million - $1 billion 0.250.25 % over $1 billion 0.200.20 % , provided that in no event shall the UK Investment Management Fee exceed 50% of the sub–-advisory fees received by the Sub–-Advisor in respect of the Portfolio from the Advisor pursuant to the Sub–-Advisory Agreement, and provided further that, for purposes of calculating the fee rates set forth above, any assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to a sub–-advisory arrangement where a fee cap is being applied to reduce the UK Sub–-Advisor’s 's fee to less than the rates set forth above shall be excluded from Average Group Assets.

Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub–-Advisor agrees to pay the UK Sub–-Advisor a monthly investment management fee (the “"UK Investment Management Fee”"). The UK Investment Management Fee shall be equal to a percentage of the monthly average net assets of the Portfolio managed by the UK Sub–-Advisor pursuant to subparagraph 1(b) of this Agreement, calculated on a cumulative basis based upon a monthly average of the aggregate of all net assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to sub–sub- advisory arrangements (“"Average Group Assets”") in accordance with the following fee schedule: Annualized Fee Rate Average Group Assets Annualized Fee Rate (For Each Level) $0 - $500 million 0.300.30 % $500 million - $1 billion 0.250.25 % over $1 billion 0.200.20 % , provided that in no event shall the UK Investment Management Fee exceed 50% of the sub–-advisory fees received by the Sub–-Advisor in respect of the Portfolio from the Advisor pursuant to the Sub–-Advisory Agreement, and provided further that, for purposes of calculating the fee rates set forth above, any assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to a sub–-advisory arrangement where a fee cap is being applied to reduce the UK Sub–-Advisor’s 's fee to less than the rates set forth above shall be excluded from Average Group Assets.

Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub–Advisor agrees to pay the UK Sub–Advisor a monthly investment management fee (the “UK Investment Management Fee”). The UK Investment Management Fee shall be equal to a percentage of the monthly average net assets of the Portfolio managed by the UK Sub–Advisor pursuant to subparagraph 1(b) of this Agreement, calculated on a cumulative basis based upon a monthly average of the aggregate of all net assets managed by the UK Sub–Advisor on behalf of the Sub–Advisor pursuant to sub–advisory arrangements (“Average Group Assets”) in accordance with the following fee schedule: Average Group Assets Annualized Fee Rate (For Each Level) $0 - $500 million 0.30% $500 million - $1 billion 0.25% over Over $1 billion 0.20% , provided that in no event shall the UK Investment Management Fee exceed 50% of the sub–advisory fees received by the Sub–Advisor in respect of the Portfolio from the Advisor pursuant to the Sub–Advisory Agreement, and provided further that, for purposes of calculating the fee rates set forth above, any assets managed by the UK Sub–Advisor on behalf of the Sub–Advisor pursuant to a sub–advisory arrangement where a fee cap is being applied to reduce the UK Sub–Advisor’s fee to less than the rates set forth above shall be excluded from Average Group Assets.

Investment Management Fee. For services provided under subparagraph (b) of paragraph 1 of this Agreement, the Sub–-Advisor agrees to pay the UK Sub–-Advisor a monthly investment management fee (the “UK Investment Management Fee”). The UK Investment Management Fee shall be equal to a percentage of the monthly average net assets of the Portfolio Fund managed by the UK Sub–-Advisor pursuant to subparagraph 1(b) of this Agreement, calculated on a cumulative basis based upon a monthly average of the aggregate of all net assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to sub–-advisory arrangements (“Average Group Assets”) in accordance with the following fee schedule: [For Equity Funds] Annualized Fee Rate Average Group Assets Annualized Fee Rate (For Each Level) $0 - $500 million 0.300.32 % $500 million - $1 billion 0.250.27 % over $1 billion 0.200.24 % [For Bond Funds] Annualized Fee Rate Average Group Assets (For Each Level) $0 - $500 million 0.23 % $500 million - $1 billion 0.20 % over $1 billion 0.17 % , provided that in no event shall the UK Investment Management Fee exceed 50% of the sub–-advisory fees received by the Sub–-Advisor in respect of the Portfolio Fund from the Advisor pursuant to the Sub–-Advisory Agreement, and provided further that, for purposes of calculating the fee rates set forth above, any assets managed by the UK Sub–-Advisor on behalf of the Sub–-Advisor pursuant to a sub–-advisory arrangement where a fee cap is being applied to reduce the UK Sub–-Advisor’s fee to less than the rates set forth above shall be excluded from Average Group Assets.