Common use of Portfolio Management Clause in Contracts

Portfolio Management. Subject to supervision by the Adviser and the Trust’s Board of Trustees, the Subadviser shall manage the investment operations and such portion of the assets of the Series that is allocated to it by the Adviser, in accordance with the Series’ investment objectives, policies and restrictions, and subject to the following understandings:

Portfolio Management. Subject to supervision by the Adviser and the each Trust’s 's Board of Trustees, the Subadviser shall manage the investment operations and such portion of the assets of the a particular Series that is allocated to it by the Adviser, in accordance with the that Series’ ' investment objectives, policies and restrictions, and subject to the following understandings:

Portfolio Management. Subject to supervision by the Adviser and the Trust’s 's Board of Trustees, the Subadviser shall manage the investment operations and such portion of the assets of the Series that is allocated to it by the Adviser, in accordance with the Series’ ' investment objectives, policies and restrictions, and subject to the following understandings:

Portfolio Management. Subject to supervision by the Adviser and the Trust’s Board of TrusteesTrustees (the “Board”), the Subadviser shall manage the investment operations and such portion of the assets of the Series that as the Adviser and the Trust shall agree upon from time to time, which is allocated to it from time to time by the AdviserAdviser (which portion can include any or all of the Series' assets), including the purchase, retention and disposition thereof, in accordance with the that Series’ ' investment objectives, policies and restrictions, and subject to the following understandings:

Portfolio Management. Subject to supervision by the Adviser and the Trust’s Trusts' Board of TrusteesTrustees (the "Board"), the Subadviser shall manage the investment operations and such portion of the assets of the Series that is allocated to it by the Adviser, in accordance with the Series’ ' investment objectives, policies and restrictions, and subject to the following understandings:

Portfolio Management. Subject to supervision by the Adviser and the each Trust’s Board of Trustees, the Subadviser shall manage the investment operations and such portion of the assets of the a particular Series that is allocated to it by the Adviser, in accordance with the that Series’ ' investment objectives, policies and restrictions, and subject to the following understandings:

Portfolio Management. Subject to supervision by the Adviser and each of the Trust’s Trusts’ respective Board of TrusteesTrustees (each, a “Board”), the Subadviser shall manage the investment operations and such portion of the assets of the Series that is allocated to it by the AdviserAdviser (the “Allocated Assets”), in accordance with the Series’ investment objectives, policies and restrictionsrestrictions applicable to the Allocated Assets, and as further set forth in any written investment guidelines provided to the Subadviser from time to time by the Adviser, and subject to the following understandings:

Portfolio Management. Subject to supervision by the Adviser and the each Trust’s respective Board of TrusteesTrustees (the “Board”), the Subadviser shall manage the investment operations and such portion of the assets of the Series that is allocated to it by the Adviser, in accordance with the Series’ investment objectives, policies and restrictions, and subject to the following understandings:

Portfolio Management. Subject to supervision by the Adviser and the Trust’s 's Board of TrusteesTrustees (the "Board"), the Subadviser shall manage the investment operations and such portion of the assets of the Series that as the Adviser and the Trust shall agree upon from time to time, which is allocated to it from time to time by the AdviserAdviser (which portion can include any or all of the Series' assets), including the purchase, retention and disposition thereof, in accordance with the that Series’ ' investment objectives, policies and restrictions, and subject to the following understandings: