July 31, 2020
July 31, 2020
Xxxxxxx Xxxxx Investment Management, LLC
000 Xxxxx Xxxxxxxxx Xxxxx
Chicago, IL 60606
| Re: | Management Agreement with Xxxxxxx Xxxxx Funds dated |
| December 15, 1999 (the “Management Agreement”) |
Ladies and Gentlemen:
Pursuant to Section 2 of the Management Agreement, the Xxxxxxx Xxxxx Funds hereby provide notification of a new series of the Xxxxxxx Xxxxx Funds (the “Trust”) to be called “Xxxxxxx Xxxxx Emerging Markets Debt Fund” (the “New Portfolio”). Attached hereto are Amended Appendix A and B to the Management Agreement to reflect, among other things, the appropriate management fees and initial term end for the New Portfolio and also to reflect name changes or liquidations of existing series of the Trust.
By signing below, Xxxxxxx Xxxxx Investment Management, LLC agrees to render the investment advisory and management services to the New Portfolio under the terms of the Management Agreement and amended Appendix A and B attached hereto.
| XXXXXXX XXXXX FUNDS | ||
| By: | /s/ Xxxx X. Xxxxxx | |
| Name: Xxxx X. Xxxxxx | ||
| Title: Treasurer, Xxxxxxx Xxxxx Funds | ||
Accepted this 31st day
of July, 2020.
| XXXXXXX XXXXX INVESTMENT MANAGEMENT, LLC | ||
| By: | /s/ Xxxxxx X. Xxxxx | |
| Name: Xxxxxx X. Xxxxx | ||
| Title: Partner & General Counsel | ||
APPENDIX A
MANAGEMENT FEES
Xxxxxxx Xxxxx Growth Fund:
.75% of average daily net assets
Xxxxxxx Xxxxx Large Cap Growth Fund:
.60% of average daily net assets
Xxxxxxx Xxxxx Small Cap Growth Fund:
1.10% of average daily net assets
Xxxxxxx Xxxxx International Growth Fund:
1.10% of the first $250 million of average daily net assets; plus
1.00% of the next $2.25 billion of average daily net assets; plus
0.975% of the next $2.5 billion of average daily net assets; plus
0.95% of the next $5 billion of average daily net assets; plus
0.925% of the next $5 billion of average daily net assets; plus
0.90% of the average daily net assets over $15 billion
Xxxxxxx Xxxxx Small Cap Value Fund:
0.95% of average daily net assets
Xxxxxxx Xxxxx Income Fund:
.25% of the first $250 million of average daily net assets; plus
.20% of average daily net assets over $250 million; plus
5.00% of the gross income earned by the Fund
Xxxxxxx Xxxxx Institutional International Growth Fund:
1.00% of the first $500 million of average daily net assets; plus
0.95% of the next $500 million of average daily net assets; plus
0.90% of the next $1.5 billion of average daily net assets; plus
0.875% of the next $2.5 billion of average daily net assets; plus
0.85% of the next $5 billion of average daily net assets; plus
0.825% of the next $5 billion of average daily net assets; plus
0.80% of the average daily net assets over $15 billion
Xxxxxxx Xxxxx Small-Mid Cap Growth Fund:
1.00% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets Growth Fund:
1.10% of average daily net assets
Xxxxxxx Xxxxx International Small Cap Growth Fund:
1.00% of average daily net assets
Xxxxxxx Xxxxx Mid Cap Growth Fund:
0.90% of average daily net assets
Xxxxxxx Xxxxx Xxxx Fund:
0.30% of average daily net assets
Xxxxxxx Xxxxx Global Leaders Fund:
0.85% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets Leaders Fund:
1.10% of average daily net assets
Xxxxxxx Xxxxx Low Duration Fund:
0.30% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets Small Cap Growth Fund:
1.10% of average daily net assets
Xxxxxxx Xxxxx Xxxxx Allocation Fund:
0.80% of average daily net assets
Xxxxxxx Xxxxx Xxxxx-Mid Cap Value Fund:
0.85% of average daily net assets
Xxxxxxx Xxxxx International Leaders Fund:
0.85% of average daily net assets
Xxxxxxx Xxxxx Xxxxx-Mid Cap Core Fund:
0.90% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets Debt Fund:
0.65% of average daily net assets
APPENDIX B
DATE OF END OF INITIAL TERM
For the Xxxxxxx Xxxxx Growth Fund, the Xxxxxxx Xxxxx International Growth Fund, the Xxxxxxx Xxxxx Small Cap Value Fund, and the Xxxxxxx Xxxxx Income Fund:
April 30, 2000
For the Xxxxxxx Xxxxx Large Cap Growth Fund and the Xxxxxxx Xxxxx Small Cap Growth Fund:
April 30, 2001
For the Xxxxxxx Xxxxx Institutional International Growth Fund:
April 30, 2004
For the Xxxxxxx Xxxxx Small-Mid Cap Growth Fund:
April 30, 2005
For the Xxxxxxx Xxxxx Emerging Markets Growth Fund, the Xxxxxxx Xxxxx International Small Cap Growth Fund and the Xxxxxxx Xxxxx Mid Cap Growth Fund:
April 30, 2007
For the Xxxxxxx Xxxxx Xxxx Fund, the Xxxxxxx Xxxxx Global Leaders Fund and the Xxxxxxx Xxxxx Emerging Markets Leaders Fund:
April 30, 2009
For the Xxxxxxx Xxxxx Low Duration Fund:
April 30, 2011
For the Xxxxxxx Xxxxx Emerging Markets Small Cap Growth Fund, the Xxxxxxx Xxxxx Xxxxx Allocation Fund and the Xxxxxxx Xxxxx Xxxxx-Mid Cap Value Fund:
April 30, 2013
For the Xxxxxxx Xxxxx International Leaders Fund:
April 30, 2014
For the Xxxxxxx Xxxxx Small-Mid Cap Core Fund:
April 30, 2021
For the Xxxxxxx Xxxxx Emerging Markets Debt Fund:
April 30, 2022
