Common use of Risk Acknowledgement Clause in Contracts

Risk Acknowledgement. The Sub-Adviser does not guarantee the future performance of the Fund, the success of any investment decision or strategy that the Sub-Adviser may use, or the success of the Sub-Adviser's overall management of the Fund. Each of the Trust and the Adviser understand that investment decisions made for the Fund by the Sub-Adviser are subject to various market, currency, economic and business risks, and that those investment decisions will not always be profitable. The Sub-Adviser will only be responsible for providing the advisory services specified in Section 2(a) above.

Risk Acknowledgement. The Sub-Adviser does not guarantee the future performance of the FundPortfolio or any specific level of performance, the success of any investment decision or strategy that the Sub-Adviser may use, or the success of the Sub-Adviser's ’s overall management of the FundPortfolio. Each of the Trust and the The Adviser understand understands that investment decisions made for the Fund Portfolio by the Sub-Adviser are subject to various market, currency, economic economic, political, business and business structural risks, and that those investment decisions will not always be profitable. The Sub-Adviser will only be responsible for providing the advisory services specified in Section 2(a) above.

Risk Acknowledgement. The Sub-Adviser does not guarantee the future performance of the FundFunds, the success of any investment decision or strategy that the Sub-Adviser may use, or the success of the Sub-Adviser's overall management of the FundFunds. Each of the Trust and the Adviser understand that investment decisions made for the Fund Funds by the Sub-Adviser are subject to various market, currency, economic and business risks, and that those investment decisions will not always be profitable. The Sub-Adviser will only be responsible for providing the advisory services specified in Section 2(a) above.

Risk Acknowledgement. The Sub-Adviser does not guarantee the future performance of the FundFunds, the success of any investment decision or strategy that the Sub-Adviser may use, or the success of the Sub-Adviser's ’s overall management of the FundFunds. Each of the Trust and the Adviser understand that investment decisions made for the Fund Funds by the Sub-Adviser are subject to various market, currency, economic and business risks, and that those investment decisions will not always be profitable. The Sub-Adviser will only be responsible for providing the advisory services specified in Section 2(a) above.

Risk Acknowledgement. The Sub-Adviser does not guarantee the future performance of the Fund, the success of any investment decision or strategy that the Sub-Adviser may use, or the success of the Sub-Adviser's ’s overall management of the Fund. Each of the Trust and the Adviser understand that investment decisions made for the Fund by the Sub-Adviser are subject to various market, currency, economic and business risks, and that those investment decisions will not always be profitable. The Sub-Adviser will only be responsible for providing the advisory services specified in Section 2(a) above.

Risk Acknowledgement. The Sub-Adviser does not guarantee the future performance of the FundFunds, the success of any investment decision or strategy that the Sub-Sub- Adviser may use, or the success of the Sub-Adviser's overall management of the FundFunds. Each of the Trust and the Adviser understand that investment decisions made for the Fund Funds by the Sub-Adviser are subject to various market, currency, economic and business risks, and that those investment decisions will not always be profitable. The Sub-Adviser will only be responsible for providing the advisory services specified in Section 2(a) above.

Risk Acknowledgement. The Sub-Adviser does not guarantee the future performance of the Fund, the success of any investment decision or strategy that the Sub-Adviser may use, or the success of the Sub-Adviser's ’s overall management of the Fund. Each of the Trust and the Adviser understand that investment decisions made for the Fund by the Sub-Adviser are subject to various market, currency, economic and business risks, and that those investment decisions will not always be profitable. The Sub-Adviser will only be responsible for providing the advisory and portfolio management services specified in Section 2(a) above.

Risk Acknowledgement. The Sub-Adviser does not guarantee the future performance of the a Fund, the success of any investment decision or strategy that the Sub-Adviser may use, or the success of the Sub-Adviser's overall management of the Fund. Each of the Trust and the Adviser understand that investment decisions made for the Fund by the Sub-Adviser are subject to various market, currency, economic and business risks, and that those investment decisions will not always be profitable. The Sub-Adviser will only be responsible for providing the advisory services specified in Section 2(a) above.

Risk Acknowledgement. The Sub-Adviser does not guarantee the future performance of the FundFund or any specific level of performance, or the success of any investment decision or strategy that the Sub-Adviser may use, or the success of the Sub-Adviser's overall management of the Fund. Each of the Trust and the The Adviser understand understands that investment decisions made for the Fund by the Sub-Adviser are subject to various market, currency, economic economic, political, business and business structural risks, and that those investment decisions will not always be profitable. The Sub-Adviser will only be responsible for providing the advisory services specified in Section 2(a) above.

Risk Acknowledgement. The Sub-Adviser does not guarantee the future performance of the Fundany Fund or any specific level of performance, the success of any investment decision or strategy that the Sub-Adviser may use, or the success of the Sub-Adviser's ’s overall management of the any Fund. Each of the Trust and the The Investment Adviser understand understands that investment decisions made for the Fund Investment Adviser by the Sub-Adviser are subject to various market, currency, economic economic, political, business and business structural risks, and that those investment decisions will may not always be profitable. The Sub-Adviser will only be responsible for providing the advisory services specified in Section 2(a) above.

Risk Acknowledgement. The Sub-Adviser does not guarantee the future performance of the FundPortfolio or any specific level of performance, the success of any investment decision or strategy that the Sub-Adviser Sub­Adviser may use, or the success of the Sub-Adviser's overall management of the FundPortfolio. Each of the Trust and the The Adviser understand understands that investment decisions made for the Fund Portfolio by the Sub-Adviser are subject to various market, currency, economic economic, political, business and business structural risks, and that those investment decisions will not always be profitable. The Sub-Adviser will only be responsible for providing the advisory services specified in Section 2(a) above.

Risk Acknowledgement. The Sub-Adviser does not guarantee the future performance of the FundFunds, the success of any investment decision or strategy that the Sub-Adviser may use, or the success of the Sub-Adviser's ’s overall management of the FundFunds. Each of the Trust and the Adviser understand that investment decisions made for the Fund Funds by the Sub-Sub- Adviser are subject to various market, currency, economic and business risks, and that those investment decisions will not always be profitable. The Sub-Adviser will only be responsible for providing the advisory services specified in Section 2(a) above.

Risk Acknowledgement. The Sub-Adviser does not guarantee the future performance of the Fund, the success of any investment decision or strategy that the Sub-Adviser may use, or the success of the Sub-Adviser's overall management of the FundWCM Portion. Each of the Trust Fund and the Adviser understand that investment decisions made for the Fund by the Sub-Adviser are subject to various market, currency, economic and business risks, and that those investment decisions will not always be profitable. The Sub-Adviser will only be responsible manage the WCM portion and, in making investment decisions for providing the advisory services specified in Section 2(a) aboveFund, the Sub-Adviser will not consider any other securities, cash or other investments covered by the Fund.

Risk Acknowledgement. The Sub-Adviser does not guarantee the future performance of the FundFunds, the success of any investment decision or strategy that the Sub-Adviser may use, or the success of the Sub-Adviser's overall management of the FundFunds. Each of the Trust and the Adviser understand that investment decisions made for the Fund Funds by the Sub-Sub- Adviser are subject to various market, currency, economic and business risks, and that those investment decisions will not always be profitable. The Sub-Adviser will only be responsible for providing the advisory services specified in Section 2(a) above.