EXHIBIT (d)(6)
XXXXXX XXXXXXX XXXX XXXXXX UNIVERSAL FUNDS, INC.
SUPPLEMENT TO XXXXXX XXXXXXXX & XXXXXXXX, LLP INVESTMENT ADVISORY AGREEMENT
Targeted Duration Portfolio
SUPPLEMENT (the "Supplement") TO INVESTMENT ADVISORY AGREEMENT dated
as of May 31, 1997 by and between Xxxxxx Xxxxxxx Universal Funds, Inc. (now
known as Xxxxxx Xxxxxxx Xxxx Xxxxxx Universal Funds, Inc.) (the "Fund") and
Xxxxxx Xxxxxxxx & Xxxxxxxx, LLP (the "Adviser") (the "Agreement").
RECITALS
WHEREAS, the Fund has executed and delivered the Agreement which sets
forth the rights and obligations of the parties with respect to the management
of the portfolios of the Fund set forth on Schedule A to such Agreement, as
amended and supplemented from time to time.
WHEREAS, the Fund has created an additional portfolio, the Targeted
Duration Portfolio (the "Additional Portfolio").
AGREEMENTS
Now, therefore, the parties agree as follows:
As provided in Section 1 of the Agreement, the Fund hereby appoints
the Adviser to act as investment adviser to the Additional Portfolio.
The compensation of the Adviser as set forth in Paragraph 3 of the
Agreement with respect to the Additional Portfolio will be as set forth below:
ASSETS
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PORTFOLIO FIRST $500 MILLION FROM $500 MILLION TO $1 BILLION MORE THAN $1 BILLION
Targeted Duration 0.40% 0.35% 0.30%
This Supplement may be executed in any number of counterparts, each of
which so executed shall be deemed to be an original, but all such counterparts
shall together constitute but one and the same instrument.
The parties listed below have executed this Supplement as of the 24
day of September, 1999
XXXXXX XXXXXXXX XXXXXX XXXXXXX XXXX XXXXXX UNIVERSAL
& XXXXXXXX, LLP FUNDS, INC.
/s/ Xxxxxxxx Xxxxxx /s/ Xxxxxxx X. Xxxxx
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Name: Xxxxxxxx Xxxxxx Name: Xxxxxxx X. Xxxxx
Title: Principal Title: President
