Common use of The Trust Clause in Contracts

The Trust. The Trust assumes and will pay, or cause to be paid, all other expenses of the Trust and the Fund not otherwise allocated in this Agreement, including, without limitation, the following: (i) Organizational expenses; (ii) Taxes; (iii) Brokerage fees and commissions with regard to portfolio transaction of the Fund; (iv) Interest charges, fees, and expenses of the custodian of the Fund’s portfolio securities; (v) Fees and expenses of the Trust’s dividend disbursing and transfer agent(s); (vi) Administrative expenses (including, without limitation, any fees, expenses, and reimbursements payable to the Administrator under this Agreement); (vii) Auditing and legal expenses of the Trust and the Fund; (viii) Cost of maintenance of the Trust’s (including the Fund’s) existence as a legal entity; (ix) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; (x) Costs and expenses of Trust meetings; (xi) Costs and expenses of initial and ongoing registration of the Fund’s shares under Federal and state securities laws; (xii) Costs of preparing (including typesetting), printing, and mailing reports, prospectuses, statements of additional information, proxy solicitation material, and notices to existing shareholders; (xiii) Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies; (xiv) Investment advisory fees payable to each Fund’s investment advisor; (xv) Litigation and other extraordinary or nonrecurring expenses involving the Trust or the Fund; (xvi) Any actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon from time to time; and (xvii) Other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator.

The Trust. The Trust assumes and will pay, or cause to be paid, bear all other expenses of the Trust and the Fund not otherwise allocated to be incurred in this Agreementits operation, including, without limitation, the following: but not limited to: (i) Organizational expenses; interest and taxes; (ii) Taxes; brokerage commissions and other costs in connection with the purchase or sale of securities and other investment instruments by the Funds; (iii) Brokerage fees and commissions with regard to portfolio transaction of the Fund; (iv) Interest charges, fees, and expenses of the custodian of the Fund’s portfolio securities; (v) Fees and expenses of the Trust’s trustees who are not “interested persons” of the Trust, including reimbursement for all of their out-of-pocket expenses related to attendance at Board of Trustees or committee meetings; (iv) legal and audit expenses; (v) custodian, administrative, fund accounting, registrar, transfer agent and dividend disbursing agent fees and transfer agent(s); expenses; (vi) Administrative fees and expenses (including, without limitation, any fees, expenses, and reimbursements payable related to the Administrator under this Agreement); (vii) Auditing registration and legal expenses qualification of the Trust and the Fund; Funds’ shares for distribution under state and federal securities laws; (vii) expenses of printing and mailing reports and notices and proxy material to shareholders of the Trust; (viii) Cost of maintenance all other expenses incidental to holding meetings of the Trust’s (shareholders, including the Fund’s) existence as a legal entity; proxy solicitations in connection with such meetings; (ix) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; (x) Costs and expenses of Trust meetings; (xi) Costs and expenses of initial and ongoing registration of the Fund’s shares under Federal and state securities laws; (xii) Costs of preparing (including typesetting)insurance premiums for fidelity bond, printing, and mailing reports, prospectuses, statements of additional information, proxy solicitation material, and notices to existing shareholders; (xiii) Costs of fidelity bonds and Trustees directors and officers/errors and omissions insurance policies; , and other coverage; (x) management fees; (xi) expenses of typesetting for printing prospectuses and, as applicable, statements of additional information and supplements to those documents; (xii) expenses of printing and mailing prospectuses and, as applicable, statements of additional information and supplements to those documents; (xii) expenses of formatting, developing and maintaining the Trust’s website; and (xiv) Investment advisory fees payable such non-recurring or extraordinary expenses as may arise, including those relating to each Fund’s investment advisor; (xv) Litigation and other extraordinary actions, suits or nonrecurring expenses involving proceedings to which the Trust or a Fund is a party and legal obligations pursuant to which the Fund; (xvi) Any actual out-of-pocket expenses Trust may have to indemnify the Trust’s trustees, officers, employees and/or agents with respect to these actions, suits or proceedings. If the Investment Adviser or any of its affiliates provides accounting services to the Administrator as provided Trust, the Trust will reimburse the Investment Adviser and its affiliates for their costs in this Agreement and as may be agreed upon from time to time; and (xvii) Other expenses relating providing such accounting services to the Trust not specified in this Agreement as being using a methodology for determining costs approved by the responsibility Board of the AdministratorTrustees.

The Trust. The Trust assumes and will pay, or cause to be paid, bear all other expenses of the Trust and the Fund not otherwise allocated to be incurred in this Agreementits operation, including, without limitation, the following: but not limited to: (i) Organizational expenses; interest and taxes; (ii) Taxes; brokerage commissions and other costs in connection with the purchase or sale of securities and other investment instruments by the Funds; (iii) Brokerage fees and commissions with regard to portfolio transaction of the Fund; (iv) Interest charges, fees, and expenses of the custodian of the Fund’s portfolio securities; (v) Fees and expenses of the Trust’s trustees who are not “interested persons” of the Trust, including reimbursement for all of their out-of-pocket expenses related to attendance at Board of Trustees or committee meetings; (iv) legal and audit expenses; (v) custodian, administrative, fund accounting, registrar, transfer agent and dividend disbursing agent fees and transfer agent(s); expenses; (vi) Administrative fees and expenses (including, without limitation, any fees, expenses, and reimbursements payable related to the Administrator under this Agreement); (vii) Auditing registration and legal expenses qualification of the Trust and the Fund; Funds’ shares for distribution under state and federal securities laws; (vii) expenses of printing and mailing reports and notices and proxy material to shareholders of the Trust; (viii) Cost of maintenance all other expenses incidental to holding meetings of the Trust’s (shareholders, including the Fund’s) existence as a legal entity; proxy solicitations in connection with such meetings; (ix) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; (x) Costs and expenses of Trust meetings; (xi) Costs and expenses of initial and ongoing registration of the Fund’s shares under Federal and state securities laws; (xii) Costs of preparing (including typesetting)insurance premiums for fidelity bond, printing, and mailing reports, prospectuses, statements of additional information, proxy solicitation material, and notices to existing shareholders; (xiii) Costs of fidelity bonds and Trustees directors and officers/errors and omissions insurance policies; (xiv) Investment advisory fees payable to each Fund’s investment advisor; (xv) Litigation , and other coverage; (x) management fees; (xi) expenses of typesetting for printing prospectuses and, as applicable, statements of additional information and supplements to those documents; (xii) expenses of printing and mailing prospectuses and, as applicable, statements of additional information and supplements to those documents; and (xiii) such non-recurring or extraordinary expenses as may arise, including those relating to actions, suits or nonrecurring expenses involving proceedings to which the Trust or a Fund is a party and legal obligations pursuant to which the Fund; (xvi) Any actual out-of-pocket expenses Trust may have to indemnify the Trust’s trustees, officers, employees and/or agents with respect to these actions, suits or proceedings. If the Investment Adviser or any of its affiliates provides accounting services to the Administrator as provided Trust, the Trust will reimburse the Investment Adviser and its affiliates for their costs in this Agreement and as may be agreed upon from time to time; and (xvii) Other expenses relating providing such accounting services to the Trust not specified in this Agreement as being using a methodology for determining costs approved by the responsibility Board of the AdministratorTrustees.

The Trust. The Trust assumes and will pay, or cause to be paid, all other expenses of the Trust and the Fund Funds not otherwise allocated in this Agreement, including, without limitation, the following: (i) Organizational expenses; ; (ii) Taxes; ; (iii) Brokerage fees and commissions with regard to portfolio transaction of the Fund; Funds; (iv) Interest charges, fees, fees and expenses of the custodian of the Fund’s Funds' portfolio securities; ; (v) Fees and expenses of the Trust’s 's dividend disbursing and transfer agent(s); ; (vi) Administrative expenses (including, without limitation, any fees, expenses, expenses and reimbursements payable to the Administrator under this Agreement); ) ; (vii) Auditing and legal expenses of the Trust and the Fund; Funds; (viii) Cost of maintenance of the Trust’s 's (including the Fund’sFunds') existence as a legal entity; ; (ix) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; ; (x) Costs and expenses of Trust meetings; ; (xi) Costs and expenses of initial and ongoing registration of the Fund’s Funds' shares under Federal and state securities laws; ; (xii) Costs of preparing (including typesetting), printing, printing and mailing reports, prospectuses, statements of additional information, proxy solicitation material, material and notices to existing shareholders; ; (xiii) Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies; (xiv) Investment advisory fees payable to each Fund’s Funds' investment advisor; ; (xv) Litigation and other extraordinary or nonrecurring expenses involving the Trust or the Fund; Funds; (xvi) Any actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon from time to time; and (xvii) Other other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator.

The Trust. The Trust assumes and will pay, or cause to be paid, all other expenses of the Trust and the Fund Funds not otherwise allocated in this Agreement, including, without limitation, the following: (i) Organizational expenses; ; (ii) Taxes; ; (iii) Brokerage fees and commissions with regard to portfolio transaction of the Fund; Funds; (iv) Interest charges, fees, fees and expenses of the custodian of the Fund’s Funds' portfolio securities; ; (v) Fees and expenses of the Trust’s 's dividend disbursing and transfer agent(s); ; (vi) Administrative expenses (including, without limitation, any fees, expenses, expenses and reimbursements payable to the Administrator under this Agreement); ; (vii) Auditing and legal expenses of the Trust and the Fund; Funds; (viii) Cost of maintenance of the Trust’s 's (including the Fund’sFunds') existence as a legal entity; ; (ix) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; ; (x) Costs and expenses of Trust meetings; ; (xi) Costs and expenses of initial and ongoing registration of the Fund’s Funds' shares under Federal and state securities laws; ; (xii) Costs of preparing (including typesetting), printing, printing and mailing reports, prospectuses, statements of additional information, proxy solicitation material, material and notices to existing shareholders; ; (xiii) Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies; (xiv) Investment advisory fees payable to each Fund’s Funds' investment advisor; ; (xv) Litigation and other extraordinary or nonrecurring expenses involving the Trust or the Fund; Funds; (xvi) Any actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon from time to time; and (xvii) Other other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator.

The Trust. The Trust assumes and will pay, or cause to be paid, all other expenses of the Trust and the Fund Funds not otherwise allocated in this Agreement, including, without limitation, the following: (i) Organizational expenses; ; (ii) Taxes; ; (iii) Brokerage iii)Brokerage fees and commissions with regard to portfolio transaction of the Fund; Funds; (iv) Interest charges, fees, fees and expenses of the custodian of the Fund’s Funds' portfolio securities; ; (v) Fees and expenses of the Trust’s 's dividend disbursing and transfer agent(s); ; (vi) Administrative expenses (including, without limitation, any fees, expenses, expenses and reimbursements payable to the Administrator under this Agreement); ; (vii) Auditing vii)Auditing and legal expenses of the Trust and the Fund; Funds; (viii) Cost of maintenance of the Trust’s 's (including the Fund’sFunds') existence as a legal entity; ; (ix) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; ; (x) Costs and expenses of Trust meetings; ; (xi) Costs and expenses of initial and ongoing registration of the Fund’s Funds' shares under Federal and state securities laws; ; (xii) Costs xii)Costs of preparing (including typesetting), printing, printing and mailing reports, prospectuses, statements of additional information, proxy solicitation material, material and notices to existing shareholders; ; (xiii) Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies; (xiv) Investment advisory fees payable to each Fund’s Funds' investment advisor; ; (xv) Litigation and other extraordinary or nonrecurring expenses involving the Trust or the Fund; Funds; (xvi) Any xvi)Any actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon from time to time; and and (xvii) Other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator.

The Trust. The Trust assumes and will pay, or cause to be paid, all other expenses of the Trust and the Fund not otherwise allocated in this AgreementAgreement or an organizational agreement where applicable, and will allocate the Fund's portion of such expenses to the Fund for direct payment, including, without limitation, the following: (i) Organizational expenses; (ii) Taxes; (iii) Brokerage fees and commissions with regard to portfolio transaction of the Fund; (iv) Interest charges, fees, and expenses of the custodian of the Fund’s 's portfolio securities; (v) Fees and expenses of the Trust’s 's dividend disbursing and transfer agent(s); (vi) Administrative expenses (including, without limitation, any fees, expenses, and reimbursements payable to the Administrator under this Agreement); (vii) Auditing and legal expenses of the Trust and the Fund; (viii) Cost of maintenance of the Trust’s 's (including the Fund’s's) existence as a legal entity; (ix) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; (x) Costs and expenses of Trust meetings; (xi) Costs and expenses of initial and ongoing registration of the Fund’s 's shares under Federal and state securities laws; (xii) Costs of preparing (including typesetting), printing, and mailing reports, prospectuses, statements of additional information, proxy solicitation material, and notices to existing shareholders; (xiii) Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies; (xiv) Investment advisory fees payable to each Fund’s 's investment advisor; (xv) Outsourced compliance services including compensation of the Chief Compliance Officer of the Trust and Fund; (xvi) Litigation and other extraordinary or nonrecurring expenses involving the Trust or the Fund; (xvixvii) Any actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon from time to time; and (xviixviii) Other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator.

The Trust. The Trust assumes and will pay, or cause to be paid, all other expenses of the Trust and the Fund Funds not otherwise allocated in this Agreement, including, without limitation, the following: (i) Organizational expenses; (ii) Taxes; (iii) Brokerage fees and commissions with regard to portfolio transaction of the FundFunds; (iv) Interest charges, fees, fees and expenses of the custodian of the Fund’s Funds' portfolio securities; (v) Fees and expenses of the Trust’s 's dividend disbursing and transfer agent(s); (vi) Administrative Fees and expenses (includingof the Trust's fund accounting agent and administrator, without limitation, any fees, expenses, and reimbursements payable to the Administrator under this Agreement)in accordance with Section 4 herein; (vii) Costs, as may be allocable to and agreed upon in advance by the Trustees and the Administrator, of all non-executive and clerical personnel and all data processing equipment and software in connection with the provision of fund accounting and recordkeeping services functions as contemplated herein; (viii) Auditing and legal expenses of the Trust and the Fund; Trust; (viiiix) Cost of maintenance of the Trust’s 's (including the Fund’sFunds') existence as a legal entity; ; (ixx) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; ; (xxi) Costs and expenses of Trust meetings; ; (xixii) Costs and expenses of initial and ongoing registration of the Fund’s Trust's shares under Federal and state securities laws; (xiixiii) Costs of preparing (including typesetting), printing, printing and mailing reports, prospectuses, statements of additional information, proxy solicitation material, material and notices to existing shareholders; (xiiixiv) Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies; (xivxv) Investment advisory The Advisory fees and expenses payable to each Fund’s investment advisorFunds' Investment Advisor; (xvxvi) Costs of pricing services; (xvii) Litigation and other extraordinary or nonrecurring expenses involving the Trust or the FundTrust; (xvixviii) Any Direct out-of-pocket costs in connection with Trust activities, such as the costs of telephone services (but not telephone equipment), long distance telephone and wire charges, postage and the printing of special forms and stationery, copying charges, financial publications used in connection with Trust activities, third party storage fees of the Trust's files and records, etc.; and (xix) Other actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon in writing from time to time; and (xvii) Other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator.

The Trust. The Trust assumes and will pay, or cause to be paid, all other expenses of the Trust and the Fund not otherwise allocated in this Agreement, including, without limitation, the following: (i) Organizational expenses; ; (ii) Taxes; ; (iii) Brokerage fees and commissions with regard to portfolio transaction of the Fund; ; (iv) Interest charges, fees, fees and expenses of the custodian of the Fund’s 's portfolio securities; ; (v) Fees and expenses of the Trust’s 's dividend disbursing and transfer agent(s); ; (vi) Administrative expenses (including, without limitation, any fees, expenses, expenses and reimbursements payable to the Administrator under this Agreement); ; (vii) Auditing and legal expenses of the Trust and the Fund; ; (viii) Cost of maintenance of the Trust’s 's (including the Fund’s's) existence as a legal entity; ; (ix) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; ; (x) Costs and expenses of Trust meetings; ; (xi) Costs and expenses of initial and ongoing registration of the Fund’s 's shares under Federal and state securities laws; ; (xii) Costs of preparing (including typesetting), printing, printing and mailing reports, prospectuses, statements of additional information, proxy solicitation material, material and notices to existing shareholders; ; (xiii) Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies; (xiv) Investment advisory fees payable to each Fund’s 's investment advisor; ; (xv) Litigation and other extraordinary or nonrecurring expenses involving the Trust or the Fund; ; (xvi) Any actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon from time to time; and (xvii) Other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator.

The Trust. The Trust assumes and will pay, or cause to be paid, all other expenses of the Trust and the Fund not otherwise allocated in this Agreement, including, without limitation, the following: (i) Organizational expenses; ; (ii) Taxes; ; (iii) Brokerage iii)Brokerage fees and commissions with regard to portfolio transaction of the Fund; ; (iv) Interest charges, fees, fees and expenses of the custodian of the Fund’s 's portfolio securities; ; (v) Fees and expenses of the Trust’s 's dividend disbursing and transfer agent(s); ; (vi) Administrative expenses (including, without limitation, any fees, expenses, expenses and reimbursements payable to the Administrator under this Agreement); ; (vii) Auditing vii)Auditing and legal expenses of the Trust and the Fund; ; (viii) Cost viii)Cost of maintenance of the Trust’s 's (including the Fund’s's) existence as a legal entity; ; (ix) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; ; (x) Costs and expenses of Trust meetings; ; (xi) Costs and expenses of initial and ongoing registration of the Fund’s 's shares under Federal and state securities laws; ; (xii) Costs xii)Costs of preparing (including typesetting), printing, printing and mailing reports, prospectuses, statements of additional information, proxy solicitation material, material and notices to existing shareholders; ; (xiii) Costs xiii)Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies; (xiv) Investment advisory fees payable to each Fund’s 's investment advisor; ; (xv) Litigation and other extraordinary or nonrecurring expenses involving the Trust or the Fund; ; (xvi) Any xvi)Any actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon from time to time; and (xvii) Other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator.

The Trust. The Trust assumes and will pay, or cause to be paid, all other expenses of the Trust and the Fund Funds not otherwise allocated in this Agreement, including, without limitation, the following: (i) Organizational expenses; ; (ii) Taxes; ; (iii) Brokerage fees and commissions with regard to portfolio transaction of the Fund; Funds; (iv) Interest charges, fees, fees and expenses of the custodian of the Fund’s Funds' portfolio securities; ; (v) Fees and expenses of the Trust’s 's dividend disbursing and transfer agent(s); ; (vi) Administrative Fees and expenses (includingof the Trust's fund accounting agent and administrator, without limitation, any fees, expenses, and reimbursements payable to the Administrator under this Agreement); in accordance with Section 4 herein; (vii) Auditing Costs, as may be allocable to and agreed upon in advance by the Trustees and the Administrator, of all non-executive and clerical personnel and all data processing equipment and software in connection with the provision of fund accounting and recordkeeping services functions as contemplated herein; (viii)Auditing and legal expenses of the Trust and the Fund; Trust; (viiiix) Cost of maintenance of the Trust’s 's (including the Fund’sFunds') existence as a legal entity; ; (ixx) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; ; (xxi) Costs and expenses of Trust meetings; (xixii) Costs and expenses of initial and ongoing registration of the Fund’s Trust's shares under Federal and state securities laws; ; (xii) Costs xiii)Costs of preparing (including typesetting), printing, printing and mailing reports, prospectuses, statements of additional information, proxy solicitation material, material and notices to existing shareholders; ; (xiiixiv) Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies; (xivxv) Investment advisory The Advisory fees and expenses payable to each Fund’s investment advisorFunds' Investment Advisor; (xvi) Costs of pricing services; (xvxvii) Litigation and other extraordinary or nonrecurring expenses involving the Trust; (xviii) Direct out-of-pocket costs in connection with Trust or activities, such as the Fund; costs of telephone services (xvi) Any but not telephone equipment), long distance telephone and wire charges, postage and the printing of special forms and stationery, copying charges, financial publications used in connection with Trust activities, third party storage fees of the Trust's files and records, etc.; and (xix)Other actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon in writing from time to time; and (xvii) Other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator.

The Trust. The Trust assumes and will pay, or cause to be paid, all other expenses of the Trust and the Fund Funds not otherwise allocated in this Agreement, including, without limitation, the following: (i) Organizational expenses; ; (ii) Taxes; ; (iii) Brokerage fees and commissions with regard to portfolio transaction of the Fund; Funds; (iv) Interest charges, fees, fees and expenses of the custodian of the Fund’s Funds' portfolio securities; ; (v) Fees and expenses of the Trust’s 's dividend disbursing and transfer agent(s); ; (vi) Administrative expenses (including, without limitation, any fees, expenses, expenses and reimbursements payable to the Administrator under this Agreement); ) ; (vii) Auditing and legal expenses of the Trust and the Fund; Funds; (viii) Cost viii)Cost of maintenance of the Trust’s 's (including the Fund’sFunds') existence as a legal entity; ; (ix) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; ; (x) Costs and expenses of Trust meetings; ; (xi) Costs and expenses of initial and ongoing registration of the Fund’s Funds' shares under Federal and state securities laws; ; (xii) Costs of preparing (including typesetting), printing, printing and mailing reports, prospectuses, statements of additional information, proxy solicitation material, material and notices to existing shareholders; ; (xiii) Costs xiii)Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies; (xiv) Investment advisory fees payable to each Fund’s investment advisor; Funds' Investment Advisor; (xv) Litigation and other extraordinary or nonrecurring expenses involving the Trust or the Fund; Funds; (xvi) Any actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon from time to time; and (xvii) Other other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator.

The Trust. The Trust assumes and will pay, or cause to be paid, all other expenses of the Trust and the Fund Funds not otherwise allocated in this Agreement, including, without limitation, the following: (i) Organizational expenses; ; (ii) Taxes; ; (iii) Brokerage fees and commissions with regard to portfolio transaction of the Fund; Funds; (iv) Interest charges, fees, fees and expenses of the custodian of the Fund’s Funds' portfolio securities; ; (v) Fees and expenses of the Trust’s 's dividend disbursing and transfer agent(s); ; (vi) Administrative expenses (including, without limitation, any fees, expenses, expenses and reimbursements payable to the Administrator under this Agreement); ) ; (vii) Auditing and legal expenses of the Trust and the Fund; Funds; (viii) Cost of maintenance of the Trust’s 's (including the Fund’sFunds') existence as a legal entity; ; (ix) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; ; (x) Costs and expenses of Trust meetings; ; (xi) Costs and expenses of initial and ongoing registration of the Fund’s Funds' shares under Federal and state securities laws; ; (xii) Costs of preparing (including typesetting), printing, printing and mailing reports, prospectuses, statements of additional information, proxy solicitation material, material and notices to existing shareholders; ; (xiii) Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies; (xiv) Investment advisory fees payable to each Fund’s investment advisor; Funds' Investment Advisor; (xv) Litigation and other extraordinary or nonrecurring expenses involving the Trust or the Fund; Funds; (xvi) Any actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon from time to time; and (xvii) Other other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator.

The Trust. The Trust assumes and will pay, or cause to be paid, all other expenses of the Trust and the Fund not otherwise allocated in this Agreement, including, without limitation, the following: (i) Organizational expenses; ; (ii) Taxes; ; (iii) Brokerage fees and commissions with regard to portfolio transaction of the Fund; ; (iv) Interest charges, fees, and expenses of the custodian of the Fund’s 's portfolio securities; ; (v) Fees and expenses of the Trust’s 's dividend disbursing and transfer agent(s); ; (vi) Administrative expenses (including, without limitation, any fees, expenses, and reimbursements payable to the Administrator under this Agreement); ; (vii) Auditing and legal expenses of the Trust and the Fund; ; (viii) Cost of maintenance of the Trust’s 's (including the Fund’s's) existence as a legal entity; ; (ix) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; ; (x) Costs and expenses of Trust meetings; ; (xi) Costs and expenses of initial and ongoing registration of the Fund’s 's shares under Federal and state securities laws; ; (xii) Costs of preparing (including typesetting), printing, and mailing reports, prospectuses, statements of additional information, proxy solicitation material, and notices to existing shareholders; ; (xiii) Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies; (xiv) Investment advisory fees payable to each Fund’s 's investment advisor; ; (xv) Litigation and other extraordinary or nonrecurring expenses involving the Trust or the Fund; ; (xvi) Any actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon from time to time; and (xvii) Other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator.

The Trust. The Trust assumes and will pay, or cause to be paid, all other expenses of the Trust and the Fund Funds not otherwise allocated in this Agreement, including, without limitation, the following: (i) Organizational expenses; (ii) Taxes; (iii) Brokerage fees and commissions with regard to portfolio transaction of the FundFunds; (iv) Interest charges, fees, fees and expenses of the custodian of the Fund’s Funds' portfolio securities; (v) Fees and expenses of the Trust’s 's dividend disbursing and transfer agent(s); (vi) Administrative Fees and expenses (includingof the Trust's fund accounting agent and administrator, without limitation, any fees, expenses, and reimbursements payable to the Administrator under this Agreement)in accordance with Section 4 herein; (vii) Costs, as may be allocable to and agreed upon in advance by the Trustees and the Administrator, of all non-executive and clerical personnel and all data processing equipment and software in connection with the provision of fund accounting and recordkeeping services functions as contemplated herein; (viii) Auditing and legal expenses of the Trust and the FundFunds; (viiiix) Cost of maintenance of the Trust’s 's (including the Fund’sFunds') existence as a legal entity; (ixx) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; (xxi) Costs and expenses of Trust meetings; (xixii) Costs and expenses of initial and ongoing registration of the Fund’s Funds' shares under Federal and state securities laws; (xiixiii) Costs of preparing (including typesetting), printing, printing and mailing reports, prospectuses, statements of additional information, proxy solicitation material, material and notices to existing shareholders; (xiiixiv) Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies; (xivxv) Investment advisory The Advisory fees and expenses payable to each Fund’s investment advisorFunds' Investment Advisor; (xvxvi) Costs of pricing services; (xvii) Litigation and other extraordinary or nonrecurring expenses involving the Trust or the FundFunds; (xvixviii) Any Direct out-of-pocket costs in connection with the Trust's and the Funds' activities, such as the costs of telephone services (but not telephone equipment), long distance telephone and wire charges, postage and the printing of special forms and stationery, copying charges, financial publications used in connection with the Trust's and the Funds' activities, third party storage fees of the Trust's and the Funds' files and records, etc.; and (xix) Other actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon in writing from time to time; and (xvii) Other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator.

The Trust. The Trust assumes and will pay, or cause to be paid, all other expenses of the Trust and the Fund not otherwise allocated in this Agreement, including, without limitation, the following: (i) Organizational expenses; ; (ii) Taxes; ; (iii) Brokerage fees and commissions with regard to portfolio transaction of the Fund; ; (iv) Interest charges, fees, fees and expenses of the custodian of the Fund’s 's portfolio securities; ; (v) Fees and expenses of the Trust’s 's dividend disbursing and transfer agent(s); ; (vi) Administrative expenses (including, without limitation, any fees, expenses, expenses and reimbursements payable to the Administrator under this Agreement); ; (vii) Auditing and legal expenses of the Trust and the Fund; ; (viii) Cost of maintenance of the Trust’s 's (including the Fund’s's) existence as a legal entity; ; (ix) Fees and expenses of Trustees who are not interested persons of the Trust as that term is defined by law; ; (x) Costs and expenses of Trust meetings; ; (xi) Costs and expenses of initial and ongoing registration of the Fund’s 's shares under Federal and state securities laws; ; (xii) Costs of preparing (including typesetting), printing, printing and mailing reports, prospectuses, statements of additional information, proxy solicitation material, material and notices to existing shareholders; ; (xiii) Costs of fidelity bonds and Trustees and officers/errors and omissions insurance policies; (xiv) Investment advisory fees payable to each Fund’s 's investment advisor; ; (xv) Litigation and other extraordinary or nonrecurring expenses involving the Trust or the Fund; ; (xvi) Any actual out-of-pocket expenses of the Administrator as provided in this Agreement and as may be agreed upon from time to time; and and (xvii) Other expenses relating to the Trust not specified in this Agreement as being the responsibility of the Administrator.