0000894189-06-001483 Sample Contracts

MASTERS’ SELECT FOCUSED OPPORTUNITIES FUND MASTERS’ SELECT FUNDS TRUST INVESTMENT SUB-ADVISORY AGREEMENT
Investment Sub-Advisory Agreement • June 22nd, 2006 • Masters Select Funds Trust • California

THIS 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”).

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