AMENDMENT No. 3 TO INVESTMENT MANAGEMENT AGREEMENT
AMENDMENT No. 3 TO INVESTMENT MANAGEMENT AGREEMENT
THIS AMENDMENT No. 3 (“Amendment”) to the Investment Agreement (“Agreement”) dated July 1, 2005 by and between Mercer Global Investments, Inc. (now known as Mercer Investment Management, Inc.), a Delaware Corporation (the “Advisor”) and MGI Funds (now known as Mercer Funds) (the “Trust”) is made effective as of the 14th day of August 2013.
1.
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The Trust hereby employs the Advisor generally to manage the investment and reinvestment of the assets of each Fund listed on Schedule A hereto and the Advisor accepts such employment.
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2.
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The Advisor and the Trust acknowledge that all of its representations and warranties contained in the Agreement are true and correct as of the date hereof.
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3.
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Schedule A of the Agreement is hereby deleted in its entirety and replaced with Schedule A to this Amendment.
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4.
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All other terms and provisions of the Agreement shall remain in full force and effect, except as modified hereby.
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XXXXXX INVESTMENT MANAGEMENT, INC.
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By: /s/ Xxxxxx Xxxxxx
Name: Xxxxxx Xxxxxx
Title: President
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By: /s/ Xxxx Xxxxxxxxxx
Name: Xxxx Xxxxxxxxxx
Title: Vice President and Chief Investment Officer
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Schedule A
as amended August 14, 2013
Investment Advisory Fee
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Series
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Assets Up to
$750 Million
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Assets in Excess of
$750 Million
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Xxxxxx US Large Cap Growth Equity Fund
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0.55 of 1%
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0.53 of 1%
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Xxxxxx US Large Cap Value Equity Fund
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0.53 of 1%
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0.51 of 1%
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Xxxxxx US Small/Mid Cap Growth Equity Fund
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0.90 of 1%
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N/A
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Xxxxxx US Small/Mid Cap Value Equity Fund
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0.90 of 1%
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N/A
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Xxxxxx Non-US Core Equity Fund
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0.75 of 1%
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0.73 of 1%
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Xxxxxx Emerging Markets Equity Fund
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0.80 of 1%
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N/A
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Xxxxxx Global Low Volatility Equity Fund
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0.75 of 1%
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N/A
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Xxxxxx Core Fixed Income Fund
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0.35 of 1%
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0.33 of 1%
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Xxxxxx Opportunistic Fixed Income Fund
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0.80 of 1%
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N/A
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Xxxxxx US Short Maturity Fixed Income Fund
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0.25 of 1%
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0.23 of 1%
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