Sub-Adviser's Duties Clause Samples

The "Sub-Adviser's Duties" clause defines the specific responsibilities and obligations that a sub-adviser must fulfill under an agreement. Typically, this includes providing investment advice, managing designated assets, and adhering to the investment guidelines set by the primary adviser or client. For example, the sub-adviser may be required to conduct research, make buy or sell decisions, and report regularly on portfolio performance. The core function of this clause is to clearly delineate the scope of the sub-adviser's role, ensuring accountability and setting expectations for performance and compliance.
Sub-Adviser's Duties. Subject to the general supervision of the Trust's Board of Trustees (the "Board") and the Adviser, the Sub-Adviser shall, employing its discretion, manage the investment operations of each Fund and the composition of the portfolio of securities and investments (including cash) belonging to each Fund, including the purchase, retention and disposition thereof and the execution of agreements relating thereto, in accordance with the Fund's investment objective, policies and restrictions as stated in the Trust's then-current Prospectus and Statement of Additional Information (together, the "Prospectus") and subject to the following understandings: (a) The Sub-Adviser shall furnish a continuous investment program for each Fund and determine from time to time what investments or securities will be purchased, retained or sold by each Fund and what portion of the assets belonging to each Fund will be invested or held uninvested as cash; (b) The Sub-Adviser shall use its best judgment in the performance of its duties under this Agreement; (c) The Sub-Adviser, in the performance of its duties and obligations under this Agreement, shall act in conformity with the Trust's Declaration of Trust, its By-Laws and its Prospectus and with the instructions and directions of the Trust's Board of Trustees and the Adviser and will conform to and comply with the requirements of the 1940 Act and all other applicable federal and state laws and regulations; (d) The Sub-Adviser shall determine the securities to be purchased or sold by each Fund and as agent for the Trust will effect portfolio transactions pursuant to its determinations either directly with the issuer or with any broker and/or dealer in such securities, subject to Section 3 below; (e) The Sub-Adviser shall maintain books and records with respect to the securities transactions of each Fund and shall render to the Adviser and the Trust's Board of Trustees such periodic and special reports as the Adviser or the Board may request; and (f) The Sub-Adviser shall provide the Trust's custodian with such information relating to the Trust as may be required under the terms of the then-current custody agreement between the Trust and the custodian.
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Sub-Adviser's Duties. Subject to the general supervision of the Trust's Board of Trustees (the "Board") and the Adviser, the Sub-Adviser shall, employing its discretion, manage the investment operations of the Fund and the composition of the portfolio of securities and investments (including cash) belonging to the Fund, including the purchase, retention and disposition thereof and the execution of agreements relating thereto, in accordance with the Fund’s investment objective, policies and restrictions as stated in the Fund's then-current Prospectus and Statement of Additional Information (together, the "Prospectus") and subject to the following understandings:
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Sub-Adviser's Duties. Subject to the general supervision of the Trust's Board of Trustees (the "Board") and the Adviser, the Sub-Adviser shall, employing its discretion, manage the investment operations of each Fund and the composition of the portfolio of securities and investments (including cash) belonging to each Fund, including the purchase, retention and disposition thereof and the execution of agreements relating thereto, in accordance with the Fund's investment objective, policies and restrictions as stated in the Trust's then-current Prospectus and Statement of Additional Information (together, the "Prospectus") and subject to the following understandings: (a) The Sub-Adviser shall furnish a continuous investment program for each Fund and determine from time to time what investments or securities will be purchased, retained or sold by each Fund and what portion of the assets belonging to each Fund will be invested or held uninvested as cash;
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Sub-Adviser's Duties. Subject to the general supervision of the Board and the Adviser, the Sub-Adviser shall, employing its discretion, manage the investment operations of the Fund and the composition of the portfolio of securities and investments (including cash) belonging to the Fund, including the purchase, retention and disposition thereof and the execution of agreements relating thereto, in accordance with the Fund’s investment objective, policies and restrictions as stated in the Fund’s then-current Prospectus and Statement of Additional Information (collectively, the “Prospectus”). The Sub-Adviser is granted full discretion as to all investment decisions regarding the Fund, including but not limited to authority to (a) buy, invest in, hold for investment, own, assign, transfer, sell exchange, trade in, lend, pledge, vote, deliver and otherwise invest and trade in property of all kind, including without limitation: (i) any publicly-traded or non-publicly traded, domestic or foreign, general or limited partnership, or limited liability company interest; share of capital stock; share of beneficial interest; investment contract, preorganization certificate or subscription; bond, note, debenture (whether subordinated, convertible or otherwise), trust receipt or certificate, loan participation or assignment, account or note receivable, trade acceptance, contract or other claim, executory contract (including any notional principal contract such as interest-rate swaps total-return swaps, currency swaps, currency baskets, and options on each of the foregoing), instrument or evidence of indebtedness; repurchase agreement or reverse repurchase agreement; certificate of deposit; or right or option to purchase or sell any of the foregoing or any securities index, including a put or call option written by the Fund or by another, a straddle, or a forward or futures contract; (ii) any foreign currency or any right or option to acquire or dispose of a foreign currency, including a put or call written by the Fund or another, a straddle, or futures, forward, or spot contract, or any notional principal contract relating to any such currency, right, or option (whether or not publicly traded); and (iii) any commodity or any right or option to acquire or dispose of a commodity, including a put or call written by the Fund or another, a straddle or futures, forward, or spot contract, or any notional principal contract relating to any such commodity, right, or option (whether or not traded on an ...
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Sub-Adviser's Duties. Subject to supervision by the Trustees, the Manager may, in its discretion, appoint Sub-Adviser to perform one or more of the following services with respect to the Allocated Assets. The services and the Allocated Assets to be advised or managed by the Sub-Adviser shall be as agreed upon from time to time by the Manager and Sub-Adviser.
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Sub-Adviser's Duties. Subject to the general supervision of the Trust’s Board of Trustees (the “Board”) and the Adviser, the Sub-Adviser shall, employing its discretion, manage the investment operations for that portion of the Funds’ assets that are assigned to the Sub- Adviser by the Adviser for any and all relevant series of LoCorr Investment Trust (the “Sub- Advised Assets”), including the purchase, retention and disposition thereof and the execution of agreements relating thereto, in accordance with the Funds’ investment objectives, policies and restrictions as stated in the Funds’ most recent Prospectus and Statement of Additional Information that have been provided to Sub-Adviser by Adviser (together, the “Prospectus”) and subject to the following understandings: This SUB-ADVISORY AGREEMENT (the “Agreement”), dated as of March 17, 2016, between LoCorr Fund Management, LLC (the “Adviser”), and Trust & Fiduciary Income Partners, LLC (the “Sub-Adviser”).
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Sub-Adviser's Duties 
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Related to Sub-Adviser's Duties

  • Sub-Advisers The Investment Adviser may delegate certain of its responsibilities hereunder with respect to provision of the investment advisory services set forth in Section 3(a) above to one or more other parties (each such party, a “Sub-Adviser”), pursuant in each case to a written agreement with such Sub-Adviser that meets the requirements of Section 15 of the 1940 Act and rules thereunder applicable to contracts for service as investment adviser of a registered investment company (including without limitation the requirements for approval by the Board of Directors of the Fund and the shareholders of the Portfolio), subject, however, to such exemptions as may be granted by the U.S. Securities and Exchange Commission upon application or by rule. Such Sub-Adviser may (but need not) be affiliated with the Investment Adviser. Any delegation of services pursuant to this Section 3(b) shall be subject to the following conditions: 1. Any fees or compensation payable to any Sub-Adviser shall be paid by the Investment Adviser and no additional obligation may be incurred on the Fund’s behalf to any Sub-Adviser; except that any Fund expenses that may be incurred by the Investment Adviser and paid by the Fund to the Investment Adviser directly may be incurred by the Sub-Adviser and paid by the Fund to the Sub-Adviser directly, so long as such payment arrangements are approved by the Fund and the Investment Adviser prior to the Sub-Adviser’s incurring such expenses. 2. If the Investment Adviser delegates its responsibilities to more than one Sub-Adviser, the Investment Adviser shall be responsible for assigning to each Sub-Adviser that portion of the assets of the Portfolio for which the Sub-Adviser is to act as Sub-Adviser, subject to the approval of the Fund’s Board of Directors. 3. To the extent that any obligations of the Investment Adviser or any Sub-Adviser require any service provider of the Fund or Portfolio to furnish information or services, such information or services shall be furnished by the Fund’s or the Portfolio’s service providers directly to both the Investment Adviser and any Sub-Adviser.