Amendment No. 1 to the Investment Advisory Agreement
Exhibit 4(b)
Amendment No. 1 to the Investment Advisory Agreement
This Amendment No. 1 to the Investment Advisory Agreement dated as of July 1, 2021 (the “Amendment”) is entered into by and between BlackRock Funds IV, a Massachusetts business trust (the “Fund”), on behalf of BlackRock Systematic ESG Bond Fund, a series of the Fund (the “Portfolio”), and BlackRock Advisors, LLC, a Delaware limited liability company (the “Adviser”).
WHEREAS, the Fund, on behalf of the Portfolio, and the Adviser have entered into an Investment Advisory Agreement dated as of July 18, 2018 (the “Advisory Agreement”) pursuant to which the Adviser agreed to act as investment adviser to the Portfolio; and
WHEREAS, the Advisory Agreement provides that the Fund, on behalf of the Portfolio, will pay to the Adviser a fee, computed daily and payable monthly, at an annual rate set forth in Appendix A thereto; and
WHEREAS, the Advisory Agreement provides that the Advisory Agreement may be changed only be an instrument in writing signed by the party against which enforcement of the change is sought and that any amendment of the Advisory Agreement is subject to the Investment Company Act of 1940, as amended; and
WHEREAS, the Board of Trustees, including a majority of those Trustees who are not interested persons of the Fund, specifically approved an amendment to the Advisory Agreement as set out in this Amendment at a meeting held on June 9, 2021.
NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows:
1. | Appendix A of the Advisory Agreement is hereby amended as set forth on the Exhibit A attached hereto with respect to the Portfolio. |
2. | Except as otherwise set forth herein, the terms and conditions of the Advisory Agreement shall remain in full force and effect. |
[Signature page follows]
IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 1 to the Investment Advisory Agreement to be executed by their officers designated below as of the day and year first written above.
By: |
/s/ Xxxx Xxxxxxxxx | |
Name: Xxxx Xxxxxxxxx | ||
Title: President and Chief Executive Officer | ||
BLACKROCK ADVISORS, LLC | ||
By: |
/s/ Xxxxx Xxxxxx | |
Name: Xxxxx Xxxxxx | ||
Title: Managing Director |
EXHIBIT A
Portfolio |
Advisory Fee (as a percentage of average daily net assets) | |||
BlackRock Systematic ESG Bond Fund |
First $1 billion | 0.23% | ||
$1 billion—$3 billion | 0.22% | |||
$3 billion—$5 billion | 0.21% | |||
$5 billion—$10 billion | 0.20% | |||
Greater than $10 billion | 0.20% |