The Pennsylvania Sub-Advisory Agreement between BNY Hamilton International Equity fund and IndyCar, a subsidiary of Crédit Agricole, is a legal contract that outlines the terms and conditions under which IndyCar would provide certain sub-advisory services to the BNY Hamilton International Equity fund. This agreement typically encompasses various aspects such as investment management, advice, research, analysis, and reporting related to the fund's international equity investments. The agreement sets forth the roles and responsibilities of both parties involved, establishing clear guidelines for the sub-advisory services provided by IndyCar. It outlines the investment objectives, strategies, and specific mandates that the BNY Hamilton International Equity fund expects IndyCar to follow while managing the fund's assets. Furthermore, the Pennsylvania Sub-Advisory Agreement addresses important details such as fee structure, compensation, and reporting requirements. It specifies the amount and nature of fees that the BNY Hamilton International Equity fund would pay to IndyCar for the sub-advisory services rendered. Additionally, the agreement highlights the reporting obligations of IndyCar, including the frequency and format of performance reports, risk assessments, and any other relevant information that the BNY Hamilton International Equity fund requires. In terms of different types of Pennsylvania Sub-Advisory Agreements between BNY Hamilton International Equity fund and IndyCar, they may include: 1. Exclusive Sub-Advisory Agreement: This type of agreement grants IndyCar the exclusive right to provide sub-advisory services to the BNY Hamilton International Equity fund. It prohibits the fund from seeking sub-advisory services from any other entity during the duration of the agreement. 2. Non-Exclusive Sub-Advisory Agreement: This agreement allows the BNY Hamilton International Equity fund to seek sub-advisory services from multiple providers, including IndyCar. It provides flexibility for the fund to engage alternative sub-advisors if deemed necessary. 3. Fixed Term Sub-Advisory Agreement: This type of agreement has a defined term or duration, after which it may be subject to renewal or termination. It enables both parties to reassess the arrangement periodically based on performance or changing circumstances. 4. Evergreen Sub-Advisory Agreement: An evergreen agreement is open-ended and renews automatically unless either party gives prior notice of termination or non-renewal. It provides an ongoing partnership between the BNY Hamilton International Equity fund and IndyCar without the need for regular renegotiation. The specific type of Pennsylvania Sub-Advisory Agreement between BNY Hamilton International Equity fund and IndyCar would depend on their mutual preferences, investment goals, and the overall complexity of the arrangement.