Common use of Transition Rules for Calculating Advisor’s Compensation Clause in Contracts

Transition Rules for Calculating Advisor’s Compensation. The Performance Adjustment will not be fully incorporated into the determination of the Adjusted Fee until the fiscal quarter ended May 31, 2013. Until that date, the following transition rules will apply: (a) March 30, 2010, through February 28, 2011. The Adjusted Fee will be deemed to equal the Base Fee. No Performance Adjustment will apply to the calculation of the Adjusted Fee during this period. (b) March 1, 2011, through May 31, 2013. Beginning March 1, 2011, the Performance Adjustment will take effect on a progressive basis with regard to the number of months elapsed between May 31, 2010, and the end of the quarter for which the Adjusted Fee is being computed. During this period, the Performance Adjustment that has been determined as provided above will be calculated using the cumulative performance of the Frontier Portfolio and the Index for the period commencing June 1, 2010, and ending as of the end of the most recent quarter of the fund. For these purposes, the endpoints and the size of the range over which a positive or negative adjustment percentage applies and the corresponding maximum adjusted percentage will be multiplied by a time-elapsed fraction. The fraction will equal the number of months elapsed since May 31, 2010, divided by 36. (See Fee Example #2.) (c) On and After May 31, 2013. The Adjusted Fee will be equal to the Base Fee plus the Performance Adjustment.

Transition Rules for Calculating Advisor’s Compensation. The Performance Adjustment will not be fully incorporated into the determination of the Adjusted Fee until the fiscal quarter ended May 31, 2013. Until that date, the following transition rules will apply: (a) March 30, 2010, through February 28, 2011. The Adjusted Fee will be deemed to equal the Base Fee. No Performance Adjustment will apply to the calculation of the Adjusted Fee during this period. (b) March 1, 2011, through May 31, 2013. Beginning March 1, 2011, the Performance Adjustment will take effect on a progressive basis with regard to the number of months elapsed between May 31, 2010, and the end of the quarter for which the Adjusted Fee is being computed. During this period, the Performance Adjustment that has been determined as provided above will be calculated using the cumulative performance of the Frontier Cardinal Portfolio and the Index for the period commencing June 1, 2010, and ending as of the end of the most recent quarter of the fund. For these purposes, the endpoints and the size of the range over which a positive or negative adjustment percentage applies and the corresponding maximum adjusted percentage will be multiplied by a time-elapsed fraction. The fraction will equal the number of months elapsed since May 31, 2010, divided by 36. (See Fee Example #2.) (c) On and After May 31, 2013. The Adjusted Fee will be equal to the Base Fee plus the Performance Adjustment.

Transition Rules for Calculating Advisor’s Compensation. The Performance Adjustment will not be fully incorporated into the determination of the Adjusted Fee until the fiscal quarter ended May October 31, 20132011. Until that date, the following transition rules will apply: (a) March 30June 9, 20102008 through July 31, through February 28, 20112009. The Adjusted Fee will be deemed to equal the Base Fee. No Performance Adjustment will apply to the calculation of the Adjusted Fee during this period. (b) March August 1, 2011, 2009 through May July 31, 20132011. Beginning March August 1, 20112009, the Performance Adjustment will take effect on a progressive basis with regard to the number of months elapsed between May October 31, 20102008, and the end of the quarter for which the Adjusted Fee is being computed. During this period, the Performance Adjustment that has been determined as provided above will be calculated using the cumulative performance of the Frontier Century Portfolio and the Index for the period commencing June November 1, 20102008, and ending as of the end of the most recent quarter of the fundFund. For these purposes, the endpoints and the size of the range over which a positive or negative adjustment percentage applies and the corresponding maximum adjusted percentage will be multiplied by a time-elapsed fraction. The fraction will equal the number of months elapsed since May October 31, 20102008, divided by 36. (See Fee Example #2.) (c) On and After May October 31, 20132011. The Adjusted Fee will be equal to the Base Fee plus the Performance Adjustment.

Transition Rules for Calculating Advisor’s Compensation. The Performance Adjustment will not be fully incorporated into the determination of the Adjusted Fee until the fiscal quarter ended May July 31, 20132010. Until that date, the following transition rules will apply: (a) March June 6, 2007, through April 30, 2010, through February 28, 20112008. The Adjusted Fee will be deemed to equal the Base Fee. No Performance Adjustment will apply to the calculation of the Adjusted Fee during this period. (b) March May 1, 20112008, through May July 31, 20132010. Beginning March May 1, 20112008, the Performance Adjustment will take effect on a progressive basis with regard to the number of months elapsed between May 31August 1, 20102007, and the end of the quarter for which the Adjusted Fee is being computed. During this period, the Performance Adjustment that has been determined as provided above will be calculated using the cumulative performance of the Frontier AXA Rxxxxxxxx Portfolio and the Index for the period commencing June August 1, 20102007, and ending as of the end of the most recent quarter of the fundFund. For these purposes, the endpoints and the size of the range over which a positive or negative adjustment percentage applies and the corresponding maximum adjusted percentage will be multiplied by a time-elapsed fraction. The fraction will equal the number of months elapsed since May July 31, 20102007, divided by 36. (See Fee Example #2.) (c) On and After May 31August 1, 20132010. The Adjusted Fee will be equal to the Base Fee plus the Performance Adjustment.

Transition Rules for Calculating Advisor’s Compensation. The Performance Adjustment will not be fully incorporated into the determination of the Adjusted Fee until the fiscal quarter ended May 31, 2013. Until that date, the following transition rules will apply: (a) March 30, 2010, through February 28, 2011. The Adjusted Fee will be deemed to equal the Base Fee. No Performance Adjustment will apply to the calculation of the Adjusted Fee during this period. (b) March 1, 2011, through May 31, 2013. Beginning March 1, 2011, the Performance Adjustment will take effect on a progressive basis with regard to the number of months elapsed between May 31, 2010, and the end of the quarter for which the Adjusted Fee is being computed. During this period, the Performance Adjustment that has been determined as provided above will be calculated using the cumulative performance of the Frontier Sterling Portfolio and the Index for the period commencing June 1, 2010, and ending as of the end of the most recent quarter of the fundFund. For these purposes, the endpoints and the size of the range over which a positive or negative adjustment percentage applies and the corresponding maximum adjusted percentage will be multiplied by a time-elapsed fraction. The fraction will equal the number of months elapsed since May 31, 2010, divided by 36. (See Fee Example #2.) (c) On and After May 31, 2013. The Adjusted Fee will be equal to the Base Fee plus the Performance Adjustment.