Scope of Investment Authority Sample Clauses

Scope of Investment Authority. (a) The Subadviser is hereby authorized, on a discretionary basis, to manage the investments and determine the composition of the assets of the Fund, subject at all times to (i) the supervision and control of the Trustees, (ii) the requirements of the Investment Company Act of 1940, as amended (the “Investment Company Act”) and the rules thereunder, (iii) the investment objective, policies and limitations, as provided in the Fund’s Prospectus and other governing documents, and (iv) such instructions, policies and limitations relating to the Fund and/or the performance of oversight of the Subadviser’s duties hereunder as the Trustees or Manager may from time to time adopt and communicate in writing to Subadviser. Notwithstanding anything herein to the contrary, Subadviser is not authorized to take any action, including the purchase and sale of portfolio securities, in contravention of any restriction, limitation, objective, policy or instruction described in the previous sentence. (b) It is understood and agreed that, for so long as this Agreement shall remain in effect, Subadviser shall retain discretionary investment authority over the manner in which the Fund’s assets are invested, and Manager shall not have the right to overrule any investment decision with respect to a particular security made by Subadviser, provided that the Trustees and Manager shall at all times have the right to monitor the Fund’s investment activities and performance, require Subadviser to make reports and give explanations as to the manner in which the Fund’s assets are being invested, and, should either Manager or the Trustees become dissatisfied with Subadviser’s performance in any way, terminate this Agreement in accordance with the provisions of Section 8.2 hereof.

Scope of Investment Authority. (a) Subject to the supervision of the Board of Trustees of the Trust (the “Board”) and Adviser, Subadviser will manage the investments and determine the composition of the assets of the Fund on a discretionary basis and provide the services under this Agreement in accordance with the Fund’s investment objective or objectives, policies, and restrictions as stated in the Registration Statement, copies of which shall be sent to Subadviser by the Adviser prior to the commencement of this Agreement and promptly following any amendment. In the event Adviser determines that Subadviser is unable by an event or circumstance to fulfill its responsibilities under this Agreement, including, but not limited to, a result of force majeure, loss of regulatory permission, loss of key personnel, and subject to approval of the Board and notice to Subadviser, the Adviser or any if its affiliates reserves the right and retains its complete authority immediately to assume direct responsibility for any function delegated to Subadviser under this Agreement. For the avoidance of doubt nothing in this clause restricts Adviser from exercising its complete authority to assume direct responsibility for any function delegated to Subadviser. (b) The parties agree that, for so long as this Agreement shall remain in effect, Subadviser shall exercise discretionary investment authority over the manner in which the Fund’s assets are invested without obtaining any further approval or consent from the Board or Adviser; provided that the Board and Adviser shall at all times have the right to monitor the Fund’s investment activities and performance, require Subadviser to make reasonable and mutually acceptable reports, and give explanations as to the manner in which the Fund’s assets are being invested. (c) Adviser shall notify Subadviser from time to time of the institutions which shall hold the Fund’s cash and assets and act as custodian or sub-custodian (collectively the “custodians(s)”). Adviser understands and acknowledges that (i) Subadviser shall at no time have custody or physical control of the assets of the Fund, (ii) Subadviser shall give instructions to the custodian(s), in writing or orally, and (iii) Adviser shall instruct the custodian to provide Subadviser with such periodic reports concerning the status of the Fund as Subadviser may reasonably request from time to time. Adviser will not change the custodian(s) without giving Subadviser reasonable prior notice of its intention to...

Scope of Investment Authority. (a) Subadvisor is hereby authorized, on a discretionary basis, to manage the investments and determine the composition of the assets of the Fund, subject at all times to (i) the supervision and control of the Board, (ii) the investment objectives, policies and limitations, as contained in the Fund's current Prospectus and Statement of Additional Information and other governing documents, including the Trust's Declaration of Trust and By-laws, and (iii) such instructions, policies and limitations relating to the Fund as the Board or Manager may from time to time adopt and communicate in writing to Subadvisor. Notwithstanding anything herein to the contrary, Subadvisor is not authorized to take any action, including the purchase and sale of Fund securities, in contravention of any restriction, limitation, objective, policy or instruction described in the previous sentence. (b) It is understood and agreed that, for so long as this Agreement shall remain in effect, Subadvisor shall, subject to Section 1.2(a) hereof, retain discretionary investment authority over the manner in which the Fund's assets are invested, provided that the Board and Manager shall at all times have the right to monitor the Fund's investment activities and performance, require Subadvisor to make reports and give explanations as to the manner in which the Fund's assets are being invested, and, should either Manager or the Board become dissatisfied with Subadvisor's performance in any way, terminate this Agreement in accordance with the provisions of Section 8.2 hereof.

Scope of Investment Authority. (a) Subject to the supervision of the board of Trustees of the Trust (the "Board") and Adviser, Subadviser will manage the investments and determine the composition of the assets of the Fund on a discretionary basis and provide the services under this Agreement in accordance with the Fund's investment objective or objectives, policies, and restrictions as stated in the Registration Statement, copies of which shall be sent to Subadviser by the Adviser prior to the commencement of this Agreement and promptly following any amendment. In the event Adviser determines that Subadviser is unable by an event or circumstance to fulfill its responsibilities under this Agreement, including, but not limited to, a result of force majeure, loss of regulatory permission, loss of key personnel, and subject to approval of the Board and notice to Subadviser, the Adviser or any if its affiliates reserves the right and retains its complete authority immediately to assume direct responsibility for any function delegated to Subadviser under this Agreement. For the avoidance of doubt nothing in this clause restricts Adviser from exercising its complete authority to assume direct responsibility for any function delegated to Subadviser.

Scope of Investment Authority. Conservative: For investors with a low-medium tolerance for risk, the largest allocation in this portfolio is to income assets. The portfolio may also be supplemented with uncorrelated alternative/hedge fund investments that can produce steady returns independent of market conditions. The allocation to growth assets includes equities and may include a small allocation to commodities. Investors should have a minimum time horizon of 3 years. Asset Class Permitted Allocation Ranges Equity 0-45% Fixed Income/Cash 0-100% Commodities 0-15% Growth: For investors with a medium-high tolerance for risk, this portfolio is predominantly allocated to growth assets. Investors should have a minimum investment time horizon of 7 years. Asset Class Permitted Allocation Ranges Equity 0-90% Fixed Income/Cash 0-100% Alternatives/Hedge Funds 0-30% Commodities 0-20% Enhanced Income: A strategy which is intended to produce regular and attractive income returns in excess of public market opportunities. The enhanced income strategy currently has a significant allocation to illiquid fixed income investments, with the balance divided between diversifying managers and liquid fixed income investments. This strategy has no specified limits on the nature, type or proportion of assets that may be invested in. Investors should have a minimum time horizon of 3 years. CHANGES TO PREMITTED ASSET ALLOCATION RANGES: We may change the permitted asset allocation ranges for Alternatives/Hedge Funds 0-30% any of Alvarium DIMS Strategies at any time without your consent. We will notify you of any changes to the permitted asset allocation ranges. Commodities 0-15% Balanced: For investors with a medium tolerance for risk, this portfolio is split between growth assets, income assets, and alternative assets. Investors should have a minimum investment time horizon of 5 years.

Scope of Investment Authority. (a) The Subadviser is hereby authorized, on a discretionary basis, to manage the investments and determine the composition of the assets of each Portfolio, subject at all times to (i) the supervision and control of the Trustees, (ii) the requirements of the Investment Company Act of 1940, as amended (the "1940 Act") and the rules thereunder, (iii) the investment objective, policies and limitations, as provided in the Portfolio's Prospectus and other governing documents, and (iv) such instructions, policies and limitations relating to the Portfolio as the Trustees or Manager may from time to time adopt and communicate in writing to Subadviser. Notwithstanding anything herein to the contrary, Subadviser is not authorized to take any action, including the purchase and sale of portfolio securities, in contravention of any restriction, limitation, objective, policy or instruction described in the previous sentence. (b) The parties agree that, for so long as this Agreement shall remain in effect, Subadviser shall exercise discretionary investment authority over the manner in which the Portfolios' assets are invested without obtaining any further approval or consent from the Trustees or Manager; provided that the Trustees and Manager shall at all times have the right to monitor the Portfolios' investment activities and performance, require Subadviser to make reports and give explanations as to the manner in which the Portfolios' assets are being invested.

Scope of Investment Authority. (a) The Subadviser is hereby authorized, on a discretionary basis, to manage the investments and determine the composition of the assets of each Portfolio, subject at all times to (i) the supervision and control of the Trustees, (ii) the requirements of the Investment Company Act of 1940, as amended (the "1940 ACT") and the rules thereunder, (iii) the investment objective, policies and limitations, as provided in the Portfolio's Prospectus and other governing documents, and (iv) such instructions, policies and limitations relating to the Portfolio as the Trustees or Manager may from time to time adopt and communicate in writing to Subadviser. Notwithstanding anything herein to the contrary, Subadviser is not authorized to take any action, including the purchase and sale of portfolio securities, in contravention of any restriction, limitation, objective, policy or instruction described in the previous sentence. (b) The Subadviser shall manage each Portfolio in a manner consistent with such Portfolio's investment objective, strategies and policies that are described in such Portfolio's then currently effective registration statement. With respect to a portion equal to approximately twenty percent (20%) of the Federated Max-Cap Index Fund, under normal circumstances the Subadviser will slightly over- or under-weight positions in securities listed within the relevant benchmark index, and use related quantitative strategies approved by the Manager, in an effort to improve the performance of such Portfolio relative to the benchmark index to compensate for Portfolio expenses and tracking error. (c) The parties agree that, for so long as this Agreement shall remain in effect, Subadviser shall exercise discretionary investment authority over the manner in which the Portfolios' assets are invested without obtaining any further approval or consent from the Trustees or Manager; provided that the Trustees and Manager shall at all times have the right to monitor the Portfolios' investment activities and performance, require Subadviser to make reports and give explanations as to the manner in which the Portfolios' assets are being invested.

Scope of Investment Authority. This scope of investment authority covers the three strategies outlined below. Descriptions are provided along with permitted asset allocation ranges Pathfinder Sustainable Conservative: For investors with a low-medium tolerance for risk, the largest allocation in this portfolio is to income assets. These primarily consist of publicly listed fixed interest investments. The allocation to growth assets is to International and Australasian equities. Investors should have a minimum time horizon of 3 years. Asset Class Permitted Allocation Ranges Cash and Cash 0-80% Equivalent Fixed Income/Cash 0-80% Australasian Equities 0-25% International Equities 0-25% Other Assets 0-20% Pathfinder Sustainable Balanced: For investors with a medium tolerance for risk, this portfolio is a more evenly split between growth assets and income assets. Investors should have a minimum investment time horizon of 5 years. Asset Class Permitted Allocation Ranges Cash and Cash Equivalent 0-70% Fixed Income/Cash 0-70% Australasian Equities 0-70% International Equities 0-70% Other Assets 0-20% Pathfinder Sustainable Growth: For investors with a medium-high tolerance for risk, this portfolio is predominantly allocated to growth assets. Investors should have a minimum investment time horizon of 7 years. Asset Class Permitted Allocation Ranges Cash and Cash Equivalent 0-70% Fixed Income/Cash 0-70% Australasian Equities 0-70% International Equities 0-70% Other Assets 0-20% CHANGES TO PERMITTED ASSET ALLOCA- TION RANGE: We may change the permitted asset allocation ranges for any of these strategies at any time without your consent. We will notify you of any changes to the permitted asset allocation ranges.

Scope of Investment Authority. 1. The Subadviser is hereby authorized, on a discretionary basis, to manage the investments and determine the composition of the assets of each Portfolio, subject at all times to (i) the supervision and control of the Trustees, (ii) the requirements of the Investment Company Act of 1940, as amended (the "1940 Act") and the rules thereunder, (iii) the investment objective, policies and limitations, as provided in the Portfolio's Prospectus and other governing documents, and (iv) such instructions, policies and limitations relating to the Portfolio as the Trustees or Manager may from time to time adopt and communicate in writing to Subadviser. Notwithstanding anything herein to the contrary, Subadviser is not authorized to take any action, including the purchase and sale of portfolio securities, in contravention of any restriction, limitation, objective, policy or instruction described in the previous sentence.