FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
Exhibit (d) (5)
FIRST AMENDMENT TO
INVESTMENT ADVISORY AGREEMENT
INVESTMENT ADVISORY AGREEMENT
THIS FIRST AMENDMENT TO INVESTMENT ADVISORY AGREEMENT (this “Amendment”) is made and entered into effective as of March 1, 2016, by and between Xxxxxxxx Funds Trust, a Delaware statutory trust (the “Trust”), on behalf of each of its investment series set forth on Schedule A hereto as it may be amended from time to time (hereinafter referred to each as a “Fund” and together as the “Funds”), and Xxxxxxxx Advisors, Inc., a California corporation (“HNNA”).
RECITALS
WHEREAS, the Trust is registered with the Securities and Exchange Commission under the Investment Company Act of 1940, as amended, as an open-end management investment company;
WHEREAS, the Trust and HNNA previously entered into an Investment Advisory Agreement, dated as of February 28, 2014, pursuant to which the Trust retained HNNA as the investment adviser to the Funds (the “Advisory Agreement”);
WHEREAS, HNNA agreed to reduce the annual investment advisory fee for the Xxxxxxxx Japan Fund from 1.00% to 0.80% effective as of March 1, 2016, and to reduce the annual investment advisory fee for the Xxxxxxxx Japan Small Cap Fund from 1.20% to 0.80% effective as of March 1, 2016; and
WHEREAS, the parties now desire to amend the Advisory Agreement to replace Schedule A with an updated schedule to reflect the reduction in the annual investment advisory fee for the Xxxxxxxx Japan Fund and the Xxxxxxxx Japan Small Cap Fund.
AGREEMENT
NOW, THEREFORE, in consideration of the premises and covenants hereinafter contained, the Trust on behalf of the Funds and HNNA do mutually promise and agree as follows:
1. Schedule A to the Advisory Agreement is hereby replaced in its entirety with Schedule A to this Amendment.
2. Except as herein modified or amended, the terms and conditions of the Advisory Agreement shall remain unchanged and in full force and effect.
(Signature page follows.)
1
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed on the day first above written.
XXXXXXXX ADVISORS, INC.
By: /s/ Xxxx X. Xxxxxxxx
Xxxx X. Xxxxxxxx
President and Chief Executive Officer
XXXXXXXX FUNDS TRUST
By: /s/ Xxxx X. Xxxxxxxx
Xxxx X. Xxxxxxxx
President
SCHEDULE A
(as of March 1, 2016)
Name of Fund
|
Advisory Fee per Annum
(as a % of average daily net assets) |
Xxxxxxxx Cornerstone Growth Fund
|
0.74%
|
Xxxxxxxx Cornerstone Mid Cap 30 Fund
|
0.74%
|
Xxxxxxxx Cornerstone Value Fund
|
0.74%
|
Xxxxxxxx Total Return Fund
|
0.60%
|
Xxxxxxxx Balanced Fund
|
0.60%
|
Xxxxxxxx Japan Fund
|
0.80%
|
Xxxxxxxx Japan Small Cap Fund
|
0.80%
|