AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT FOR GROWTH FUND OF HOMESTEAD FUNDS, INC.
AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT
FOR GROWTH FUND OF
HOMESTEAD FUNDS, INC.
Homestead Advisers Corp. (formerly RE Advisers Corporation) (the “Adviser”) and X. Xxxx Price Associates, Inc. (the “Sub-adviser”) hereby agree to amend the Investment Sub-Advisory Agreement, dated as of December 5, 2008, by and among the Adviser and the Sub-adviser, pursuant to which the Sub-adviser has been retained to provide investment advisory services to the Growth Fund as follows.
1.Schedule 1 is hereby deleted and replaced with the attached Schedule 1.
IN WITNESS HEREOF, Homestead Advisers Corp. and X. Xxxx Price Associates, Inc. have duly executed this Amendment as of the effective date of this Amendment.
HOMESTEAD ADVISERS CORP.
By: /s/ Xxxx X. Xxxxxxx
Name: Xxxx X. Xxxxxxx
Title: President and CEO
X. Xxxx price associates, inc.
By: /s/ Xxxxxxx Xxxxxxxx
Name: Xxxxxxx Xxxxxxxx
Title: Vice President
Effective Date as Revised: April 1, 2023
SCHEDULE 1
Homestead Funds, Inc.
Growth Fund
As compensation for services provided by X. Xxxx Price Associates, Inc. (“X. Xxxx Price”), Homestead Advisers Corp. will pay X. Xxxx Price an advisory fee on the net assets managed by X. Xxxx Price that is equal, on an annualized basis, to the following:
Market Value of Assets |
Annual Fee |
First $50 Million |
50.00 bps |
Next $50 Million |
40.00 bps |
When assets reach $100 Million* |
40.00 bps on all assets |
When assets reach $200 Million* |
33.00 bps on all assets |
When assets reach $500 Million* |
32.50 bps on all assets |
When assets reach $1 Billion* |
30.00 bps on all assets |
When assets exceed $1 Billion |
29.00 bps on assets over $1 Billion |
When assets reach $2 Billion* |
29.00 bps on all assets |
When assets exceed $3 Billion |
27.50 bps on assets over $3 Billion |
*A transactional credit is applied to the fee schedule as assets approach or fall below this breakpoint.
Effective Date as Revised: April 1, 2023