Common use of Services as Sub-Adviser Clause in Contracts

Services as Sub-Adviser. Subject to the general oversight and supervision of the Adviser and the Board of Trustees of the Trust, the Adviser employs Sub-Adviser to (a) manage the investment and reinvestment of the Fund’s assets and, with respect to such assets, to (b) continuously review, supervise, and administer the investment program of the Fund which is created by the Adviser; (c) determine, in Sub-Adviser’s discretion, the securities, instruments, agreements, and contracts to be purchased, sold or held by the Fund; (d) provide the Adviser and the Trust with records concerning Sub-Adviser’s activities which the Trust is required to maintain, and (e) render regular reports to the Adviser and to the Trust’s officers and Trustees concerning Sub-Adviser’s discharge of the foregoing responsibilities.

Services as Sub-Adviser. Subject to the general oversight and supervision of the Adviser and the Board of Trustees of the Trust, the Adviser employs Sub-Adviser to (a) manage the investment and reinvestment of the Fund’s assets and, with respect to such assets, to (b) continuously review, supervise, and administer the investment program of the Fund which is created by the Adviser; (c) determine, in Sub-Adviser’s 's discretion, the securities, instruments, agreements, and contracts to be purchased, sold or held by the Fund; (d) provide the Adviser and the Trust with records concerning Sub-Adviser’s 's activities which the Trust is required to maintain, and (e) render regular reports to the Adviser and to the Trust’s 's officers and Trustees concerning Sub-Adviser’s 's discharge of the foregoing responsibilities.

Services as Sub-Adviser. Subject to the general oversight and supervision of the Adviser and the Board of Trustees of the Trust, the Adviser employs Sub-Adviser to (a) manage the investment and reinvestment of the Fund’s Funds’ assets and, with respect to such assets, to (b) continuously review, supervise, and administer the investment program of the Fund Funds which is created by the Adviser; (c) determine, in Sub-Adviser’s 's discretion, the securities, instruments, agreements, and contracts to be purchased, sold or held by the FundFunds; (d) provide the Adviser and the Trust with records concerning Sub-Adviser’s 's activities which the Trust is required to maintain, and (e) render regular reports to the Adviser and to the Trust’s 's officers and Trustees concerning Sub-Adviser’s 's discharge of the foregoing responsibilities.