AMENDMENT TO SUBADVISORY AGREEMENT
Exhibit (d)(11)
XXXX XXXXXXX FUNDS III
AMENDMENT TO SUBADVISORY AGREEMENT
AMENDMENT (the “Amendment”) made this 26th day of June, 2019, to the Subadvisory Agreement dated July 15, 2014 (the “Agreement”) between Wellington Management Company LLP, a Delaware limited liability partnership, and Xxxx Xxxxxxx Investment Management LLC (formerly, Xxxx Xxxxxxx Advisers, LLC), a Delaware limited liability company. In consideration of the mutual covenants contained herein, the parties agree as follows:
1. | CHANGE IN APPENDIX A |
Appendix A is amended to restate the fee schedule for Xxxx Xxxxxxx U.S. Quality Growth Fund (f/k/a Xxxx Xxxxxxx Strategic Growth Fund).
2. | EFFECTIVE DATE |
The Amendment shall become effective on July 10, 2019, following approval of the Amendment by the Board of Trustees of the Trust.
3. | DEFINED TERMS |
Unless otherwise defined herein, capitalized terms used herein have the meanings specified in or pursuant to the Agreement.
4. | OTHER TERMS OF THE AGREEMENT |
Except as specifically amended hereby, all of the terms and conditions of the Agreement shall continue to be in full force and effect and shall be binding upon the parties in accordance with their respective terms.
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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their duly authorized officers as of the date first mentioned above.
XXXX XXXXXXX INVESTMENT MANAGEMENT LLC | ||||
By: | /s/ Xxx Xxxxxxxxx | |||
Name: | Xxx Xxxxxxxxx | |||
Title: | Chief Investment Officer |
WELLINGTON MANAGEMENT COMPANY LLP | ||||
By: | /s/ Xxxxxx Xxxxx | |||
Name: | Xxxxxx Xxxxx | |||
Title: | Senior Managing Director |
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APPENDIX A
The Subadviser shall serve as investment subadviser for each Portfolio of the Trust listed below. The Adviser will pay the Subadviser, as full compensation for all services provided under this Agreement with respect to assets managed by the Subadviser for each Portfolio, the fee computed separately for such Portfolio assets at an annual rate as follows (the “Subadviser Fee”)
Portfolio |
First $500 million of Net Assets |
Next $500 million of Net Assets |
Next $1 billion of Net Assets |
Excess over $2 billion of Net Assets |
Xxxx Xxxxxxx International Growth Fund | XXX% | XXX% | XXX% | XXX% |
Portfolio |
First $500 million of Net Assets |
Next $1 billion of Net Assets |
Excess over $1.5 billion of Net Assets |
Xxxx Xxxxxxx U.S. Quality Growth Fund (f/k/a Xxxx Xxxxxxx Strategic Growth Fund)1 | XXX% | XXX% | XXX% |
1 For purposes of determining Aggregate Net Assets, the net assets of the Manulife U.S. Diversified Growth Equity Fund, a series trust of The Manufacturers Life Insurance Company, are included.
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