MASTERS’ SELECT FOCUSED OPPORTUNITIES FUND MASTERS’ SELECT FUNDS TRUST INVESTMENT SUB-ADVISORY AGREEMENTInvestment Sub-Advisory Agreement • June 22nd, 2006 • Masters Select Funds Trust • California
Contract Type FiledJune 22nd, 2006 Company JurisdictionTHIS INVESTMENT SUB-ADVISORY AGREEMENT is made as of the 30th day of May 2006 by and between LITMAN/GREGORY FUND ADVISORS, LLC (the “Advisor”) and FRANKLIN MUTAL ADVISERS, LLC (the “Sub-Advisor”).