Exhibit 77Q1e(ii)
Xxxxxx, Xxxxxx & Company, L.P.
Xxx Xxxxxxxxx Xxxxxx
Xxxxxx, XX 00000
July 1, 2005
Xxxxxx Xxxxxx Funds II
Xxxxxx Xxxxxx Strategic Income Fund
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
Attn: Xxxxxxx X. Xxxxxx, Treasurer
Re: Xxxxxx Xxxxxx Strategic Income Fund Advisory Agreement
Addendum
Dear Xx. Xxxxxx:
The Advisory Agreement dated September 12, 2003 between Xxxxxx
Xxxxxx Funds II (the Trust), with respect to its Xxxxxx
Xxxxxx Strategic Income Fund (the Series), and Xxxxxx, Xxxxxx
& Company, L.P. (the Adviser) is hereby revised, effective
July 1, 2005, to delete Section 7 and to replace it with the
following:
7. As full compensation for all services rendered,
facilities furnished and expenses borne by the Adviser
hereunder, the Trust shall pay the Adviser compensation at the
annual percentage rate of 0.65% of the first $200 million of
the average daily net assets of the Series, 0.60% of the next
$1.8 billion of the average daily net assets of the Series and
0.55% over $2 billion of such assets, respectively, or such
lesser rate as the Adviser may agree to from time to time.
Such compensation shall be payable monthly in arrears or at
such other intervals, not less frequently than quarterly, as
the Board of Trustees of the Trust may from time to time
determine and specify in writing to the Adviser. The Adviser
hereby acknowledges that the Trusts obligation to pay such
compensation is binding only on the assets and property
belonging to the Series.
To indicate your approval and acceptance of the terms of this
letter, please sign below where indicated.
Xxxxxx, Xxxxxx & Company, L.P.
By: Xxxxxx, Xxxxxx & Company, Inc., its general partner
By: /s/ Xxxxx Charleston
Name: Xxxxx Charleston
Title: Director
ACCEPTED AND AGREED TO:
Xxxxxx Xxxxxx Funds II, on behalf of
Xxxxxx Xxxxxx Strategic Income Fund
By: /s/ Xxxxxxx Xxxxxx
Xxxxxxx X. Xxxxxx
Title: Treasurer
Date: July 1, 2005
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