Sub-Adviser's Duties Clause Samples
The "Sub-Adviser's Duties" clause defines the specific responsibilities and obligations that a sub-adviser must fulfill under an agreement. Typically, this includes providing investment advice, managing designated assets, and adhering to the investment guidelines set by the primary adviser or client. For example, the sub-adviser may be required to conduct research, make buy or sell decisions, and report regularly on portfolio performance. The core function of this clause is to clearly delineate the scope of the sub-adviser's role, ensuring accountability and setting expectations for performance and compliance.
Sub-Adviser's Duties. Subject to the general supervision of the Trust's Board of Trustees (the "Board") and the Adviser, the Sub-Adviser shall, employing its discretion, manage the investment operations of each Fund and the composition of the portfolio of securities and investments (including cash) belonging to each Fund, including the purchase, retention and disposition thereof and the execution of agreements relating thereto, in accordance with the Fund's investment objective, policies and restrictions as stated in the Trust's then-current Prospectus and Statement of Additional Information (together, the "Prospectus") and subject to the following understandings:
(a) The Sub-Adviser shall furnish a continuous investment program for each Fund and determine from time to time what investments or securities will be purchased, retained or sold by each Fund and what portion of the assets belonging to each Fund will be invested or held uninvested as cash;
(b) The Sub-Adviser shall use its best judgment in the performance of its duties under this Agreement;
(c) The Sub-Adviser, in the performance of its duties and obligations under this Agreement, shall act in conformity with the Trust's Declaration of Trust, its By-Laws and its Prospectus and with the instructions and directions of the Trust's Board of Trustees and the Adviser and will conform to and comply with the requirements of the 1940 Act and all other applicable federal and state laws and regulations;
(d) The Sub-Adviser shall determine the securities to be purchased or sold by each Fund and as agent for the Trust will effect portfolio transactions pursuant to its determinations either directly with the issuer or with any broker and/or dealer in such securities, subject to Section 3 below;
(e) The Sub-Adviser shall maintain books and records with respect to the securities transactions of each Fund and shall render to the Adviser and the Trust's Board of Trustees such periodic and special reports as the Adviser or the Board may request; and
(f) The Sub-Adviser shall provide the Trust's custodian with such information relating to the Trust as may be required under the terms of the then-current custody agreement between the Trust and the custodian.
Sub-Adviser's Duties. Subject to the general supervision of the Trust's Board of Trustees (the "Board") and the Adviser, the Sub-Adviser shall, employing its discretion, manage the investment operations of the Fund and the composition of the portfolio of securities and investments (including cash) belonging to the Fund, including the purchase, retention and disposition thereof and the execution of agreements relating thereto, in accordance with the Fund’s investment objective, policies and restrictions as stated in the Fund's then-current Prospectus and Statement of Additional Information (together, the "Prospectus") and subject to the following understandings:
Sub-Adviser's Duties. Subject to supervision by the Trustees, the Manager may, in its discretion, appoint Sub-Adviser to perform one or more of the following services with respect to the Allocated Assets. The services and the Allocated Assets to be advised or managed by the Sub-Adviser shall be as agreed upon from time to time by the Manager and Sub-Adviser.
Sub-Adviser's Duties. Subject to the general supervision of the Trust’s Board of Trustees (the “Board”) and the Adviser, the Sub-Adviser shall, employing its discretion, manage the investment operations for that portion of the Funds’ assets that are assigned to the Sub- Adviser by the Adviser for any and all relevant series of LoCorr Investment Trust (the “Sub- Advised Assets”), including the purchase, retention and disposition thereof and the execution of agreements relating thereto, in accordance with the Funds’ investment objectives, policies and restrictions as stated in the Funds’ most recent Prospectus and Statement of Additional Information that have been provided to Sub-Adviser by Adviser (together, the “Prospectus”) and subject to the following understandings: This SUB-ADVISORY AGREEMENT (the “Agreement”), dated as of March 17, 2016, between LoCorr Fund Management, LLC (the “Adviser”), and Trust & Fiduciary Income Partners, LLC (the “Sub-Adviser”).
Sub-Adviser's Duties. Subject to the general supervision of the Trust's Board of Trustees (the "Board") and the Adviser, the Sub-Adviser shall, employing its discretion, manage the investment operations of each Fund and the composition of the portfolio of securities and investments (including cash) belonging to each Fund, including the purchase, retention and disposition thereof and the execution of agreements relating thereto, in accordance with the Fund's investment objective, policies and restrictions as stated in the Trust's then-current Prospectus and Statement of Additional Information (together, the "Prospectus") and subject to the following understandings:
(a) The Sub-Adviser shall furnish a continuous investment program for each Fund and determine from time to time what investments or securities will be purchased, retained or sold by each Fund and what portion of the assets belonging to each Fund will be invested or held uninvested as cash;
Sub-Adviser's Duties
Sub-Adviser's Duties