Gateway Investment Advisers, LLC
Exhibit 77Q1(e)(i)
Gateway Investment Advisers, LLC
000 Xxxxxx Xxxxxx
Xxxxxxxxxx, XX 00000
July 1, 0000
Xxxxxxx Xxxxx
Xxxxxxx Fund
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
Attn: Xxxxxx Xxxxx Xxxxxxx, Secretary
Re: Gateway Fund Advisory Agreement Addendum
Dear Xx. Xxxxxxx:
The Advisory Agreement dated February 16, 2008 between Gateway Trust (the “Trust”), with respect to its Gateway Fund (the “Series”), and Gateway Investment Advisers, LLC (the “Manager”) is hereby revised, effective July 1, 2014, to delete Section 7 and to replace it with the following:
7. As full compensation for all services rendered, facilities furnished and expenses borne by the Manager hereunder, the Fund shall pay the Manager compensation in an amount equal to (x) the annual rate of 0.65% of the first $5 billion, 0.60% of the next $5 billion and 0.58% of amounts in excess of $10 billion, respectively, (or such lesser amount as the Manager may from time to time agree to receive) minus (y) any fees payable by the Fund, with respect to the period in question, to any one or more Sub-Advisers pursuant to any Sub-Advisory Agreements in effect with respect to such period. Such compensation shall be payable monthly in arrears or at such other intervals, not less frequently than quarterly, as the Board of Trustees of the Fund may from time to time determine and specify in writing to the Manager. The Manager hereby acknowledges that the Fund’s obligation to pay such compensation is binding only on the assets and property belonging to the Series.
To indicate your approval and acceptance of the terms of this letter, please sign below where indicated.
Gateway Investment Advisers, LLC
By: /s/ Xxxx X. Goldschmidt_____
Name: Xxxx X. Goldschmidt_______
Title: Chief Operating Officer_____
ACCEPTED AND AGREED TO:
Gateway Trust, on behalf of
Gateway Fund
By: /s/ Xxxxxx Xxxxx Dinneen_____
Xxxxxx Xxxxx Xxxxxxx
Title: Secretary
Date: July 1, 2014
