Contract
(d)(15)(f)
XXXX XXXXXXX FUNDS II
AMENDMENT TO SUBADVISORY AGREEMENT
Invesco Advisers, Inc.
AMENDMENT made as of this 25th day of June, 2010 to the Subadvisory Agreement dated
October 17, 2005 (the “Agreement”), as amended, between Xxxx Xxxxxxx Investment Management
Services, LLC, a Delaware limited partnership (the “Adviser”), and Invesco Advisers, Inc., (the
“Subadviser”). In consideration of the mutual covenants contained herein, the parties agree as
follows:
1. CHANGE IN APPENDIX A
Section 3 of the Agreement, “Compensation of Subadviser,” is hereby amended to:
a. add the compensation of the International Growth Stock Fund as noted in Appendix A.
b. reduce the compensation of the Small Company Growth Fund as noted in Appendix A.
0. EFECTIVE DATE
This Amendment shall become effective upon the later to occur of: (i) approval of the
Amendment by the Board of Trustees of Xxxx Xxxxxxx Funds II (the “Trust”), and (ii) execution of
the Amendment.
[Remainder of Page Intentionally Left Blank]
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed under seal by
their duly authorized officers as of the date first mentioned above.
Xxxx Xxxxxxx Investment Management Services, LLC |
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By: | /s/ Xxxxx X. Xxxxx | |||
Xxxxx X. Xxxxx | ||||
Executive Vice President | ||||
Invesco Advisers, Inc. |
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By: | /s/ Xxxx X. Xxxxxxx | |||
Xxxx X. Xxxxxxx | ||||
Vice President | ||||
APPENDIX A
The Subadviser shall serve as investment subadviser for each Portfolio of the Trust
listed below. The Adviser will pay the Subadviser, as full compensation for all services provided
under this Agreement with respect to each Portfolio, the fee computed separately for such Portfolio
at an annual rate as follows (the “Subadviser Fee”):
First | Next | Excess Over | ||||
$250 million | $500 million | $750 million | ||||
Of Aggregate Net | Of Aggregate Net | Of Aggregate Net | ||||
Portfolio | Assets* | Assets* | Assets* | |||
International Growth Stock Fund |
First | Next | Next | Excess Over | |||||
$250 million | $250 million | $500 million | $1 billion | |||||
Of Aggregate Net | Of Aggregate Net | Of Aggregate Net | Of Aggregate Net | |||||
Portfolio | Assets* | Assets* | Assets* | Assets* | ||||
Small Cap Opportunities Fund |
First | Excess Over | |||
$250 million | $250 million | |||
Of Aggregate Net | Of Aggregate Net | |||
Portfolio | Assets* | Assets* | ||
Small Company Growth Fund |
#The
Subadviser Fee for the Small Company Growth Fund is ___ on all net assets when the
total net assets of the following funds managed by the Subadviser and any other Xxxx Xxxxxxx Trust
and Xxxx Xxxxxxx Funds II funds that the Subadviser may manage in the future exceed $1 billion:
Small Company Growth Trust, a series of Xxxx Xxxxxxx Trust
Small Company Growth Fund, a series of Xxxx Xxxxxxx Funds II
Small Cap Opportunities Trust, a series of Xxxx Xxxxxxx Trust
Small Cap Opportunities Fund, a series of Xxxx Xxxxxxx Funds II
International Growth Stock Trust, a series of Xxxx Xxxxxxx Trust
International Growth Stock Fund, a series of Xxxx Xxxxxxx Funds II
Value Trust, a series of Xxxx Xxxxxxx Trust
Value Fund, a series of Xxxx Xxxxxxx Funds II
(collectively, the “Invesco Funds”)
Only net assets of an Invesco Fund managed by the Subadviser are included for purposes of
determining whether the $1 billion threshold has been reached. If the Subadviser ceases to serve
as subadviser for an Invesco Fund, that fund’s net assets will not be included for purposes of
determining whether the $1 billion threshold as been reached.
First | Excess Over | |||||
$200 million | Next $300 million | $500 million | ||||
of Aggregate | of Aggregate | of Aggregate | ||||
Portfolio | Net Assets* | Net Assets* | Net Assets* | |||
Value Fund |
* | The term Aggregate Net Assets includes the net assets of a Portfolio of the Trust managed by the Subadviser. It also includes with respect to each Portfolio the net assets of one or more other portfolios subadvised by the Subadviser as indicated below, but in each case only for the period during which the Subadviser for the Portfolio also serves as |
the subadviser for the other portfolio(s). For purposes of determining Aggregate Net Assets and
calculating the Subadviser Fee, the net assets of the Portfolio and each other portfolio of the
Trust are determined as of the close of business on the previous business day of the Trust, and the
net assets of each portfolio of each other fund are determined as of the close of business on the
previous business day of that fund.
Trust Portfolio(s) | Other Portfolio(s) | |||
International Growth Stock Fund |
International Growth Stock Trust, a series of Xxxx Xxxxxxx Trust | |||
Small Cap Opportunities Fund |
— | The portion of the net assets of the Small Cap Opportunities Trust, a series of Xxxx Xxxxxxx Trust, subadvised by the Subadviser | ||
Small Company Growth Fund |
Small Company Growth Trust, a series of Xxxx Xxxxxxx Trust | |||
Value Fund |
Value Trust, a series of Xxxx Xxxxxxx Trust |
The Subadviser Fee for a Portfolio shall be based on the applicable annual fee rate for the
Portfolio which for each day shall be equal to (i) the sum of the amounts determined by applying
the annual percentage rates in the table to the applicable portions of Aggregate Net Assets divided
by (ii) Aggregate Net Assets (the “Applicable Annual Fee Rate”). The Subadviser Fee for each
Portfolio shall be accrued for each calendar day, and the sum of the daily fee accruals shall be
paid monthly to the Subadviser within 30 calendar days of the end of each month. The daily fee
accruals will be computed by multiplying the fraction of one over the number of calendar days in
the year by the Applicable Annual Fee Rate, and multiplying this product by the net assets of the
Portfolio. The Adviser shall provide Subadviser with such information as Subadviser may reasonably
request supporting the calculation of the fees paid to it hereunder. Fees shall be paid either by
wire transfer or check, as directed by Subadviser.
If, with respect to any Portfolio, this Agreement becomes effective or terminates, or if the
manner of determining the Applicable Annual Fee Rate changes, before the end of any month, the fee
(if any) for the period from the effective date to the end of such month or from the beginning of
such month to the date of termination or from the beginning of such month to the date such change,
as the case may be, shall be prorated according to the proportion which such period bears to the
full month in which such effectiveness or termination or change occurs.