Loomis, Sayles & Company, L.P. One Financial Center Boston, MA 02111
Exhibit (d)(2)(ii)
Xxxxxx, Xxxxxx & Company, L.P.
One Financial Center
Boston, MA 02111
July 1, 2023
Xxxxxx Xxxxxx Funds I
Xxxxxx Xxxxxx Institutional High Income Fund
000 Xxxxxxxx Xxxxxx
Boston, MA 02199
Attn: Xxxxx XxXxxx Xxxxx, Secretary
Re: Xxxxxx Xxxxxx Institutional High Income Fund Advisory Agreement Addendum
Dear Xx. Xxxxx:
The Advisory Agreement dated October 30, 2000 between Xxxxxx Xxxxxx Funds I (the “Trust”) with respect to its Xxxxxx Xxxxxx Institutional High Income Fund (the “Series”) and Xxxxxx, Xxxxxx & Company, L.P. (the “Adviser”) is hereby revised effective July 1, 2023 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 .58% 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 Trust’s 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/ Xxxxxxx Xxxxxxxx | |
Xxxxxxx Xxxxxxxx | ||
Title: | Chief Accounting Officer, Finance | |
Director and Treasurer |
ACCEPTED AND AGREED TO:
Xxxxxx Xxxxxx Funds I for
Xxxxxx Xxxxxx Institutional High Income Fund
By: | /s/ Xxxxx XxXxxx Xxxxx | |
Xxxxx XxXxxx Xxxxx | ||
Title: | Secretary | |
Date: | July 1, 2023 |
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