October 27, 2021
October 27, 2021
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 7 of the Management Agreement, Xxxxxxx Xxxxx Investment Management, LLC proposes to amend the Management Agreement to reduce the management fee effective October , 2021 as follows:
(A) for the Xxxxxxx Xxxxx Income Fund (to be renamed Xxxxxxx Xxxxx Short-Term Bond Fund) (the “Fund”), from:
.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
to:
.25% of the first $250 million of average daily net assets; plus
.20% of average daily net assets over $250 million
Attached hereto is amended Appendix A to the Management Agreement to reflect the appropriate management fees for the Fund.
By signing below Xxxxxxx Xxxxx Investment Management, LLC acknowledges that this amendment to the Management Agreement may be enforced against it.
[Signature page follows]
| XXXXXXX XXXXX FUNDS | ||
| By: | ||
| Name: | Xxxx X. Xxxxxx | |
| Title: | Treasurer, Xxxxxxx Xxxxx Funds |
| Accepted this day of October, 2021. | ||
| XXXXXXX XXXXX INVESTMENT MANAGEMENT, LLC | ||
| By: | ||
| Name: | Xxxxxxxxx X. Xxxxxxx | |
| Title: | Partner |
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:
0.75% of average daily net assets
Xxxxxxx Xxxxx Income Fund (to be renamed Xxxxxxx Xxxxx Short-Term Bond Fund):
.25% of the first $250 million of average daily net assets; plus
.20% of average daily net assets over $250 million
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 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
Xxxxxxx Xxxxx China Growth Fund:
1.00% of average daily net assets
