Common use of TRANSACTIONS WITH OTHER INVESTMENT ADVISERS Clause in Contracts

TRANSACTIONS WITH OTHER INVESTMENT ADVISERS. The Adviser is an affiliate of M.D. Sass, LLC, an investment adviser responsible for providing advice with respect to one or more other series of the Trust. The Adviser is not otherwise an affiliated person of any investment adviser responsible for providing advice with respect to any other series of the Trust, or of any promoter, underwriter, officer, director, member of an advisory board or employee of any other series of the Trust. The Adviser shall not consult with the investment adviser of any other series of the Trust concerning transactions for the Fund or any other series of the Trust.

TRANSACTIONS WITH OTHER INVESTMENT ADVISERS. The Adviser is an affiliate of M.D. SassSass Investors Services, LLCInc., an investment adviser responsible for providing advice with respect to one or more other series of the Trust. The Adviser is not otherwise an affiliated person of any investment adviser responsible for providing advice with respect to any other series of the Trust, or of any promoter, underwriter, officer, director, member of an advisory board or employee of any other series of the Trust. The Adviser shall not consult with the investment adviser of any other series of the Trust concerning transactions for the Fund or any other series of the Trust.