The New York Investment Advisory Agreement is a comprehensive contract between Equity Strategies Fund, Inc. (ESF) and EPSF Advisors, Inc. It lays out the terms and conditions under which EPSF Advisors will provide investment advisory services to ESF. This agreement outlines the responsibilities and obligations of both parties, ensuring a transparent and mutually beneficial relationship. It highlights the investment objectives and strategies to be pursued by EPSF Advisors on behalf of ESF. By defining these objectives, the agreement helps align the investment decisions with the fund's goals. The agreement also covers the compensation structure, including management fees, performance-based fees, and any other related costs. Additionally, it addresses any potential conflicts of interest and specifies the procedures for resolving such conflicts. Different types of New York Investment Advisory Agreements of Equity Strategies Fund, Inc. and EPSF Advisors, Inc. include: 1. Standard Investment Advisory Agreement: This type of agreement outlines the general provisions and terms of the advisory relationship between ESF and EPSF Advisors. It covers the investment strategies and objectives. 2. Mutual Fund Advisory Agreement: In the case of ESF being a mutual fund, this agreement is tailored to meet the specific requirements and regulations governing the mutual fund industry. It includes provisions for shareholder voting rights, dividends, and redemption procedures. 3. Alternative Investment Advisory Agreement: If ESF invests in alternative assets such as private equity, hedge funds, or real estate, an alternative investment advisory agreement is established. It outlines the unique considerations and strategies involved in managing these types of investments. 4. Exchange-Traded Fund (ETF) Advisory Agreement: If ESF operates as an ETF, this agreement is designed to address the specific regulatory frameworks and operational aspects relevant to managing an ETF. It includes provisions related to creation and redemption mechanisms, market-making, and tracking the fund's benchmark index. Regardless of the type, the New York Investment Advisory Agreement ensures that ESF and EPSF Advisors have a clear understanding of their rights and obligations, fostering a professional and effective working relationship focused on achieving the fund's investment objectives.