Portfolio Manager Duties. Subject to the supervision of the Fund’s Board of Trustees (the “Board”) and the Investment Adviser, the Portfolio Manager will provide a continuous investment program for the Portfolio and determine the composition of the assets of the Portfolio. The Portfolio Manager will provide investment research and analysis, which may include computerized investment methodology, and will conduct a continuous program of evaluation, investment, sales, and reinvestment of the Portfolio’s assets by determining the securities, cash and other investments, including futures and options contracts, if any, that shall be purchased, entered into, retained, sold, closed, or exchanged for the Portfolio, when these transactions should be executed, and what portion of the assets of the Portfolio should be held in the various securities and other investments in which it may invest, and the Portfolio Manager is hereby authorized to execute and perform such services on behalf of the Portfolio. To the extent permitted by the written investment policies of the Portfolio, the Portfolio Manager shall make decisions for the Portfolio as to foreign currency matters and make determinations as to the retention or disposition of foreign currencies or securities or other instruments denominated in foreign currencies, or derivative instruments based upon foreign currencies, including forward foreign currency contracts and options and futures on foreign currencies and shall execute and perform the same on behalf of the Portfolio. The Portfolio Manager is authorized to and shall exercise tender offers, exchange offers and vote proxies on behalf of each Portfolio, each as the Portfolio Manager determines is in the best interest of the Portfolio. Portfolio Manager may delegate to any other one or more companies that Portfolio Manager controls, is controlled by, or is under common control with, or to specified employees of any such companies, including Sub-Advisory Affiliates, certain of Portfolio Manager’s duties under this Agreement, provided that any such arrangements are entered into in accordance with all applicable requirements of the 1940 Act. Portfolio Manager acknowledges and agrees that any delegation by Portfolio Manager to one or more persons shall in no way relieve Portfolio Manager of its duties and obligations pursuant to this Agreement, all such duties and obligations under this Agreement shall remain the sole responsibility of Portfolio Manager as if no such delegation had occurred, Portfolio Manager shall at all times provide appropriate supervision and oversight of any such persons, and Portfolio Manager shall be fully responsible and liable for all actions or omissions to act by such persons. Portfolio Manager shall notify the Fund and the Investment Adviser promptly in writing at least ninety (90) days in advance in the event that a Sub-Advisory Agreement is to be amended in any material fashion. Portfolio Manager acknowledges and agrees that the Sub-Advisory Affiliates are not parties to this Agreement and are not intended beneficiaries of this Agreement and that they have no rights under this Agreement. In performing these duties, the Portfolio Manager:
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Portfolio Manager Duties. Subject to the supervision of the FundTrust’s Board of Trustees (the “Board”) and the Investment Adviser, the Portfolio Manager will provide a continuous investment program for the Portfolio and determine the composition of the assets of the Portfolio. The Portfolio Manager will provide investment research and analysis, which may include computerized investment methodology, and will conduct a continuous program of evaluation, investment, sales, and reinvestment of the Portfolio’s assets by determining the securities, cash and other investments, including futures and options contracts, if any, that shall be purchased, entered into, retained, sold, closed, or exchanged for the Portfolio, when these transactions should be executed, and what portion of the assets of the Portfolio should be held in the various securities and other investments in which it may invest, and the Portfolio Manager is hereby authorized to execute and perform such services on behalf of the Portfolio. To the extent permitted by the written investment policies of the Portfolio, the Portfolio Manager shall make decisions for the Portfolio as to foreign currency matters and make determinations as to the retention or disposition of foreign currencies or securities or other instruments denominated in foreign currencies, or derivative instruments based upon foreign currencies, including forward foreign currency contracts and options and futures on foreign currencies and shall execute and perform the same on behalf of the Portfolio. The Portfolio Manager is hereby authorized to execute all documentation to facilitate investments for the Portfolio, including, broker dealer agreements, counterparty agreements, futures commission merchant agreements as necessary, and documentation necessary to effect investments in mutual funds or other commingled products (if applicable) to the extent permitted by this Agreement and any investment guidelines. The Portfolio Manager is hereby authorized, in its sole discretion, to exercise all voting rights, to execute consents and to exercise or sell stock subscription and conversion rights and to join in or oppose (jointly or with others) reorganizations, recapitalizations and liquidations and in connection therewith it is hereby authorized to execute all documentation to facilitate any reorganization, recapitalization or liquidation, unless the Fund or the Investment Adviser otherwise specifies in writing. In the event that any action in connection with any reorganization, recapitalization or liquidation shall require the payment of legal or other costs or fees by a Portfolio, the Portfolio Manager shall obtain written approval of the Portfolio prior to incurring any such fees; provided, however, that Portfolio Manager shall not be required to obtain prior approval if the cost or fee is an investment cost or fee. The Portfolio Manager is authorized to and shall exercise tender offers, exchange offers and vote proxies on behalf of each Portfolio, each as the Portfolio Manager determines is in the best interest of the Portfolio. Portfolio Manager may delegate to any other one or more companies that Portfolio Manager controls, is controlled by, or is under common control with, or to specified employees of any such companies, including Sub-Advisory Affiliates, certain of Portfolio Manager’s duties under this Agreement, provided that any such arrangements are entered into in accordance with all applicable requirements of the 1940 Act. Portfolio Manager acknowledges and agrees that any delegation by Portfolio Manager to one or more persons shall in no way relieve Portfolio Manager of its duties and obligations pursuant to this Agreement, all such duties and obligations under this Agreement shall remain the sole responsibility of Portfolio Manager as if no such delegation had occurred, Portfolio Manager shall at all times provide appropriate supervision and oversight of any such persons, and Portfolio Manager shall be fully responsible and liable for all actions or omissions to act by such persons. Portfolio Manager shall notify the Fund and the Investment Adviser promptly in writing at least ninety (90) days in advance in the event that a Sub-Advisory Agreement is to be amended in any material fashion. Portfolio Manager acknowledges and agrees that the Sub-Advisory Affiliates are not parties to this Agreement and are not intended beneficiaries of this Agreement and that they have no rights under this Agreement. In performing these duties, the Portfolio Manager:
Appears in 1 contract
Portfolio Manager Duties. Subject to the supervision of the Fund’s Board of Trustees (the “Board”) and the Investment Adviser, the Portfolio Manager will provide a continuous investment program for the Portfolio and determine the composition of the assets of the Portfolio. The Portfolio Manager will provide investment research and analysis, which may include computerized investment methodology, and will conduct a continuous program of evaluation, investment, sales, and reinvestment of the Portfolio’s assets by determining the securities, cash and other investments, including futures and options contracts, if any, that shall be purchased, entered into, retained, sold, closed, or exchanged for the Portfolio, when these transactions should be executed, and what portion of the assets of the Portfolio should be held in the various securities and other investments in which it may invest, and the Portfolio Manager is hereby authorized to execute and perform such services on behalf of the Portfolio. To the extent permitted by the written investment policies of the Portfolio, the Portfolio Manager shall make decisions for the Portfolio as to foreign currency matters and make determinations as to the retention or disposition of foreign currencies or securities or other instruments denominated in foreign currencies, or derivative instruments based upon foreign currencies, including forward foreign currency contracts and options and futures on foreign currencies and shall execute and perform the same on behalf of the Portfolio. The Portfolio Manager is authorized to and shall exercise tender offers, exchange offers and vote proxies on behalf of each Portfolio, each as the Portfolio Manager determines is in the best interest of the Portfolio. The Portfolio Manager is authorized to open brokerage accounts on behalf of the Portfolio in accordance with Fund procedures. The Portfolio Manager is authorized to enter into futures account agreements, ISDA master agreements and related documents, and to open accounts and take other necessary or appropriate actions related thereto, in accordance with Fund procedures. Portfolio Manager may delegate to any other one or more companies that Portfolio Manager controls, is controlled by, or is under common control with, or to specified employees of any such companies, including Sub-Advisory Affiliates, certain of Portfolio Manager’s duties under this Agreement, provided that any such arrangements are entered into in accordance with all applicable requirements of the 1940 Act. Portfolio Manager acknowledges and agrees that any delegation by Portfolio Manager to one or more persons shall in no way relieve Portfolio Manager of its duties and obligations pursuant to this Agreement, all such duties and obligations under this Agreement shall remain the sole responsibility of Portfolio Manager as if no such delegation had occurred, Portfolio Manager shall at all times provide appropriate supervision and oversight of any such persons, and Portfolio Manager shall be fully responsible and liable for all actions or omissions to act by such persons. Portfolio Manager shall notify the Fund and the Investment Adviser promptly in writing at least ninety (90) days in advance in the event that a Sub-Advisory Agreement is to be amended in any material fashion. Portfolio Manager acknowledges and agrees that the Sub-Advisory Affiliates are not parties to this Agreement and are not intended beneficiaries of this Agreement and that they have no rights under this Agreement. In performing these duties, the Portfolio Manager:
Appears in 1 contract
Samples: Portfolio Management Agreement (Pacific Select Fund)
Portfolio Manager Duties. Subject to the supervision of the Fund’s Board of Trustees (the “Board”) and the Investment Adviser, the Portfolio Manager will provide a continuous investment program for the Portfolio Portfolios and determine the composition of the assets of the PortfolioPortfolios. The Portfolio Manager will provide investment research and analysis, which may include computerized investment methodology, and will conduct a continuous program of evaluation, investment, sales, and reinvestment of the Portfolio’s Portfolios’ assets by determining the securities, cash and other investments, including futures and options contracts, if any, that shall be purchased, entered into, retained, sold, closed, or exchanged for the PortfolioPortfolios, when these transactions should be executed, and what portion of the assets of the Portfolio Portfolios should be held in the various securities and other investments in which it may invest, and the Portfolio Manager is hereby authorized to execute and perform such services on behalf of the PortfolioPortfolios. To the extent permitted by the written investment policies of the PortfolioPortfolios, the Portfolio Manager shall make decisions for the Portfolio Portfolios as to foreign currency matters and make determinations as to the retention or disposition of foreign currencies or securities or other instruments denominated in foreign currencies, or derivative instruments based upon foreign currencies, including forward foreign currency contracts and options and futures on foreign currencies and shall execute and perform the same on behalf of the Portfolios. The Portfolio Manager is hereby authorized to execute all documentation to facilitate investments for the Portfolio, including, broker dealer agreements, counterparty agreements, futures commission merchant agreements as necessary, and documentation necessary to effect investments in mutual funds or other commingled products (if applicable) to the extent permitted by this Agreement and any investment guidelines. The Portfolio Manager is hereby authorized, in its sole discretion, to exercise all voting rights, to execute consents and to exercise or sell stock subscription and conversion rights and to join in or oppose (jointly or with others) reorganizations, recapitalizations and liquidations and in connection therewith it is hereby authorized to execute all documentation to facilitate any reorganization, recapitalization or liquidation, unless the Fund or the Investment Adviser otherwise specifies in writing. In the event that any action in connection with any reorganization, recapitalization or liquidation shall require the payment of legal or other costs or fees by a Portfolio, the Portfolio Manager shall obtain written approval of the Portfolio prior to incurring any such fees; provided, however, that Portfolio Manager shall not be required to obtain prior approval if the cost or fee is an investment cost or fee. The Portfolio Manager is authorized to and shall exercise tender offers, exchange offers and vote proxies on behalf of each Portfolio, each as the Portfolio Manager determines is in the best interest of the Portfolio. Portfolio Manager may delegate to any other one or more companies that Portfolio Manager controls, is controlled by, or is under common control with, or to specified employees of any such companies, including Sub-Advisory Affiliates, certain of Portfolio Manager’s duties under this Agreement, provided that any such arrangements are entered into in accordance with all applicable requirements of the 1940 Act. Portfolio Manager acknowledges and agrees that any delegation by Portfolio Manager to one or more persons shall in no way relieve Portfolio Manager of its duties and obligations pursuant to this Agreement, all such duties and obligations under this Agreement shall remain the sole responsibility of Portfolio Manager as if no such delegation had occurred, Portfolio Manager shall at all times provide appropriate supervision and oversight of any such persons, and Portfolio Manager shall be fully responsible and liable for all actions or omissions to act by such persons. Portfolio Manager shall notify the Fund and the Investment Adviser promptly in writing at least ninety (90) days in advance in the event that a Sub-Advisory Agreement is to be amended in any material fashion. Portfolio Manager acknowledges and agrees that the Sub-Advisory Affiliates are not parties to this Agreement and are not intended beneficiaries of this Agreement and that they have no rights under this Agreement. In performing these duties, the Portfolio Manager:
Appears in 1 contract
Samples: Portfolio Management Agreement (Pacific Select Fund)
