Common use of Services to Other Companies or Accounts Clause in Contracts

Services to Other Companies or Accounts. The Adviser understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to other investment companies, and the Adviser has no objection to the Sub-Adviser so acting, provided that whenever a Fund and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate opportunities to sell securities. The Adviser recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a Fund. In addition, the Adviser understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser WM Advisors understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to one or more other investment companies or series of investment companies, and the Adviser WM Advisors has no objection to the Sub-Adviser Advisor so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Adviser Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures reasonably believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner. The Adviser WM Advisors recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a the Fund. In addition, the Adviser WM Advisors understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-Adviser’s Advisor's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature. WM Advisors recognizes and agrees that the Sub-Advisor may provide advice to other clients which may differ from or be identical to advice given with respect to the Fund.

Services to Other Companies or Accounts. The Adviser understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to other investment companies, and the Adviser has no objection to the Sub-Adviser so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate opportunities to sell securities. The Adviser recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a the Fund. In addition, the Adviser understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to other investment companies, and the Adviser has no objection to the Sub-Adviser so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate opportunities to sell securities. The Adviser recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a the Fund. In addition, the Adviser understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s 's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Company understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to one or more other investment companies or series of investment companies, and the Adviser Company has no objection to the Sub-Adviser Advisor so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Adviser Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner. The Adviser Company recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a the Fund. In addition, the Adviser Company understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-Adviser’s Advisor's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Investment Adviser understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to other investment companies, and the Investment Adviser has no objection to the Sub-Adviser so acting, provided that that, whenever a Fund the Portfolio and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser agrees to allocate similarly allocate opportunities to sell securities. The Investment Adviser recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a Fundthe Portfolio. In addition, the The Investment Adviser understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s 's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Advisor understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser advisor to fiduciary and other managed accounts and as investment adviser advisor to other investment companies, and the Adviser Advisor has no objection to the Sub-Adviser Advisor so acting, provided that whenever a Fund the Sub-Advisory Portfolio and one or more other accounts or investment companies advised by the Sub-Adviser Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser Advisor agrees to similarly allocate opportunities to sell securities. The Adviser Advisor recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a the Fund. In addition, the Adviser Advisor understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-Adviser’s Advisor's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Trust understands that the Sub-Adviser advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser advisor or sub-investment advisor to one or more other investment companies or series of investment companies, and the Adviser Trust has no objection to the Sub-Adviser advisor so acting, provided that whenever a Fund the Trust and one or more other accounts or investment companies advised by the Sub-Adviser advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner. The Adviser Trust recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a Fundthe Trust. In addition, the Adviser Trust understands that the persons employed by the Sub-Adviser advisor to assist in the performance of the Sub-Adviser’s advisor's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser advisor or any affiliate of the Sub-Adviser advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to other investment companies, and the Adviser has no objection to the Sub-Adviser so acting, provided that whenever a Fund the Portfolio and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser agrees to allocate similarly allocate opportunities to sell securities. The Adviser recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a Fundthe Portfolio. In addition, the Adviser understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s 's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or of any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Trust understands that the Sub-Adviser has acted, now acts, will continue to act and act, or may act in the future act, as investment adviser to fiduciary and other managed accounts and or as investment adviser to one or more other investment companies, and the Adviser Trust has no objection to the Sub-Adviser so acting, provided that whenever a Fund the Funds and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner. The Adviser Trust recognizes that, that in some cases, cases this procedure may limit adversely affect whether a position is acquired, and the size size, price, or timing of the position that may be acquired or sold disposed of for a Fundthe Funds. In addition, the Adviser Trust understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business businesses or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Company understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to one or more other investment companies or series of investment companies, and the Adviser Company has no objection to the Sub-Adviser so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner. The Adviser Company recognizes that, that in some cases, cases this procedure may limit adversely affect the size of the position that may be acquired or sold disposed of for a the Fund. In addition, the Adviser Company understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s 's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business businesses or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser WM Advisors understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to one or more other investment companies or series investment companies, and the Adviser WM Advisors has no objection to the Sub-Adviser Advisor so acting, provided that whenever a Fund the Funds and one or more other accounts or investment companies advised by the Sub-Adviser Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner. The Adviser WM Advisors recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a Fundthe Funds. In addition, the Adviser WM Advisors understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-Adviser’s Advisor's duties hereunder under this Agreement will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Manager understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to one or more other investment companies or series of investment companies, and the Adviser Manager has no objection to the Sub-Sub- Adviser so acting, provided that whenever a Fund and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be manner reasonably equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in such an equitable manner. The Adviser Manager recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a Fund. In addition, the Adviser Manager understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s 's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature. The Manager recognizes and agrees that the Sub- Adviser may provide advice to other clients which may differ from or be identical to advice given with respect to a Fund.

Services to Other Companies or Accounts. The Adviser Company understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to one or more other investment companies or series of investment companies, and the Adviser Company has no objection to the Sub-Adviser Advisor so acting, provided that whenever a Fund the Funds and one or more other accounts or investment companies advised by the Sub-Adviser Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner. The Adviser Company recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a Fundthe Funds. In addition, the Adviser Company understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-Adviser’s Advisor's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser WM Advisors understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to one or more other investment companies or series of investment companies, and the Adviser WM Advisors has no objection to the Sub-Adviser Advisor so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Adviser Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures mutually believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner. The Adviser WM Advisors recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a the Fund. In addition, the Adviser WM Advisors understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-Adviser’s Advisor's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Advisor understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser advisor to fiduciary and other managed accounts and as investment adviser advisor to other investment companies, and the Adviser Advisor has no objection to the Sub-Adviser Advisor so acting, provided that whenever a Fund Sub-Advisory Portfolio and one or more other accounts or investment companies advised by the Sub-Adviser Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser Advisor agrees to similarly allocate opportunities to sell securities. The Adviser Advisor recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a Fund. In addition, the Adviser Advisor understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-AdviserAdvisor’s duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser understands that the Sub-Sub- Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to other investment companies, and the Adviser has no objection to the Sub-Adviser so acting, provided that whenever a Fund and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate opportunities to sell securities. The Adviser recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a Fund. In addition, the Adviser understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Trust understands that the Sub-Adviser advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser advisor or sub-investment advisor to one or more other investment companies or series of investment companies, and the Adviser Trust has no objection to the Sub-Adviser advisor so acting, provided that whenever a Fund the Trust and one or more other accounts or investment companies advised by the Sub-Adviser Sub- advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner. The Adviser Trust recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a Fundthe Trust. In addition, the Adviser Trust understands that the persons employed by the Sub-Adviser advisor to assist in the performance of the Sub-Adviser’s advisor's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser advisor or any affiliate of the Sub-Adviser Sub- advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Company understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to one or more other investment companies or series of investment companies, and the Adviser Company has no objection to the Sub-Adviser so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securities. The Adviser recognizes that, securities will be allocated in some cases, this procedure may limit the size of the position that may be acquired or sold for a Fundan equitable manner. In addition, the Adviser Company understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s 's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser WM Advisors understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to one or more other investment companies or series investment companies, and the Adviser WM Advisors has no objection to the Sub-Adviser Advisor so acting, provided that whenever a Fund the Funds and one or more other accounts or investment companies advised by the Sub-Adviser Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner. The Adviser WM Advisors recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a Fundthe Funds. In addition, the Adviser WM Advisors understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-Adviser’s Advisor's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser WM Advisors understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to one or more other investment companies or series of investment companies, and the Adviser WM Advisors has no objection to the Sub-Adviser Sub- Advisor so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Adviser Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be manner reasonably equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in such an equitable manner. The Adviser WM Advisors recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a the Fund. In addition, the Adviser WM Advisors understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-Adviser’s Advisor's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature. WM Advisors recognizes and agrees that the Sub- Advisor may provide advice to other clients which may differ from or be identical to advice given with respect to the Fund.

Services to Other Companies or Accounts. The Adviser Trust understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to other investment companies, and the Adviser Trust has no objection to the Sub-Adviser so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser agrees to allocate similarly allocate opportunities to sell securities. The Adviser Trust recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a the Fund. In addition, the Adviser Trust understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s 's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature. To the extent permitted by law, the Sub-Adviser may bunch or aggregate its orders for the Fund with orders of its other clients, provided that the Fund and the other clients whose orders are aggregated with orders of the Fund shall receive the same average price with respect to such aggregate orders.

Services to Other Companies or Accounts. The Trust and the Adviser understands understand that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to other investment companies, and the Trust and the Adviser has have no objection to the Sub-Adviser so acting, provided that whenever a Fund Sub-Trust and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate similar opportunities to sell securities. The Trust and the Adviser recognizes recognize that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a FundSub-Trust. In addition, the Adviser Trust understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s 's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Advisor understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser advisor to fiduciary and other managed accounts and as investment adviser advisor to other investment companies, and the Adviser Advisor has no objection to the Sub-Adviser Advisor so acting, provided that whenever a Fund the Sub-Advisory Portfolio and one or more other accounts or investment companies advised by the Sub-Adviser Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser Advisor agrees to similarly allocate opportunities to sell securities. The Adviser Advisor recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a Fundthe Sub-Advisory Portfolio. In addition, the Adviser Advisor understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-AdviserAdvisor’s duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser WM Advisors understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to one or more other investment companies or series of investment companies, and the Adviser WM Advisors has no objection to the Sub-Adviser Advisor so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Adviser Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures mutually believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner. The Adviser WM Advisors recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a the Fund. In addition, the Adviser WM Advisors understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-Adviser’s Advisor's duties hereunder will not devote their full time to such service and nothing contained herein therein shall be deemed to limit or restrict the right of the Sub-Adviser Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser WM Advisors understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to one or more other investment companies or series of investment companies, and the Adviser WM Advisors one has no objection to the Sub-Adviser Sub- Advisor so acting, provided providing that companies whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Adviser Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures believed to be equitable over time to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner over time. The Adviser WM Advisors recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a the Fund. In addition, the Adviser WM Advisors understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-Adviser’s Advisor's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Trust understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser advisor or investment Sub-Advisor to one or more other investment companies or series of investment companies, and the Adviser Composite has no objection to the Sub-Adviser Advisor so acting, provided that whenever a Fund the Trust and one or more other accounts or investment companies advised by the Sub-Adviser Sub- Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner. The Adviser Composite recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a Fundthe Trust. In addition, the Adviser Composite understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-Adviser’s Advisor's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser Sub- Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Trust understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser advisor or investment Sub-Advisor to one or more other investment companies or series of investment companies, and the Adviser Advisor has no objection to the Sub-Adviser Advisor so acting, provided that whenever a Fund the Trust and one or more other accounts or investment companies advised by the Sub-Adviser Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner. The Adviser Advisor recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a Fundthe Trust. In addition, the Adviser Advisor understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-Adviser’s Advisor's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Manager understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to other investment companies, and the Adviser Manager has no objection to the Sub-Adviser so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate opportunities to sell securities. The Adviser Manager recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a the Fund. In addition, the Adviser Manager understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Corporation understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to other investment companies, and the Adviser Corporation has no objection to the Sub-Adviser so acting, provided that whenever a Fund the Corporation and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser agrees to allocate similarly allocate opportunities to sell securities. The Adviser Corporation recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a the Fund. In addition, the Adviser Corporation understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s 's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser WM Advisors understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to one or more other investment companies or series of investment companies, and the Adviser WM Advisors has no objection to the Sub-Adviser Advisor so acting, provided that whenever a Fund the Funds and one or more other accounts or investment companies advised by the Sub-Adviser Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner. The Adviser WM Advisors recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a Fundthe Funds. In addition, the Adviser WM Advisors understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-Adviser’s Advisor's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Trust understands that the Sub-Adviser advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser advisor or sub-investment advisor to one or more other investment companies or series of investment companies, and the Adviser Trust has no objection to the Sub-Adviser Subadvisor so acting, provided that whenever a Fund the Trust and one or more other accounts or investment companies advised by the Sub-Adviser advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology procedures believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in an equitable manner. The Adviser Trust recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a Fundthe Trust. In addition, the Adviser Trust understands that the persons employed by the Sub-Adviser advisor to assist in the performance of the Sub-Adviser’s advisor's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser advisor or any affiliate of the Sub-Adviser advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Trust understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to other investment companies, and the Adviser Trust has no objection to the Sub-Adviser so acting, provided that whenever a Fund the Trust and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser agrees to allocate similarly allocate opportunities to sell securities. The Adviser Trust recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a the Fund. In addition, the Adviser Trust understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s 's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Trust understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to one or more other investment companies or series of investment companies, and the Adviser Trust has no objection to the Sub-Sub- Adviser so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Sub- Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be manner reasonably equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in such an equitable manner. The Adviser Trust recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a the Fund. In addition, the Adviser Trust understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s 's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature. The Trust recognizes and agrees that the Sub-Adviser may provide advice to other clients which may differ from or be identical to advice given with respect to the Fund.

Services to Other Companies or Accounts. The Adviser understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to other investment companies, and the Adviser has no objection to the Sub-Adviser so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Adviser have available funds TIAA INTERNAL USE ONLY for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate opportunities to sell securities. The Adviser recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a the Fund. In addition, the Adviser understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to other investment companies, and the Adviser has no objection to the Sub-Adviser so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Sub- Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate opportunities to sell securities. The Adviser recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a the Fund. In addition, the Adviser understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s Sub- Advisers duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature.

Services to Other Companies or Accounts. The Adviser Company understands that the Sub-Adviser Advisor now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to one or more other investment companies or series of investment companies, and the Adviser Company has no objection to the Sub-Adviser Advisor so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Adviser Advisor have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be manner reasonably equitable to each entity. The Sub-Adviser agrees to similarly allocate Similarly, opportunities to sell securitiessecurities will be allocated in such an equitable manner. The Adviser Company recognizes that, that in some cases, cases this procedure may limit the size of the position that may be acquired or sold disposed of for a the Fund. In addition, the Adviser Company understands that the persons employed by the Sub-Adviser Advisor to assist in the performance of the Sub-Adviser’s Advisor's duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser Advisor or any affiliate of the Sub-Adviser Advisor to engage in and devote time and attention to other business or to render services of whatever kind or nature. The Company recognizes and agrees that the Sub-Advisor may provide advice to other clients which may differ from or be identical to advice given with respect to the Fund.

Services to Other Companies or Accounts. The Adviser understands that the Sub-Adviser now acts, will continue to act and may act in the future as investment adviser to fiduciary and other managed accounts and as investment adviser to other investment companies, and the Adviser has no objection to the Sub-Adviser so acting, provided that whenever a the Fund and one or more other accounts or investment companies advised by the Sub-Adviser have available funds for investment, investments suitable and appropriate for each will be allocated in accordance with a methodology believed to be equitable to each entity. The Sub-Adviser agrees to similarly allocate opportunities to sell securities. The Adviser recognizes that, in some cases, this procedure may limit the size of the position that may be acquired or sold for a the Fund. In addition, the Adviser understands that the persons employed by the Sub-Adviser to assist in the performance of the Sub-Adviser’s Sub- Advisers duties hereunder will not devote their full time to such service and nothing contained herein shall be deemed to limit or restrict the right of the Sub-Adviser or any affiliate of the Sub-Adviser to engage in and devote time and attention to other business or to render services of whatever kind or nature.