July 31, 2023
| July 31, 2023 |
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 2 of the Management Agreement, the Xxxxxxx Xxxxx Funds hereby provide notification of a new series of the Xxxxxxx Xxxxx Funds (the “Trust”) to be called “Xxxxxxx Xxxxx Small-Mid Cap Value Fund” (the “New Portfolio”). Attached hereto are Amended Appendix A and B to the Management Agreement to reflect, among other things, the appropriate management fees and initial term end for the New Portfolio and also to reflect any name changes or liquidations of existing series of the Trust.
By signing below, Xxxxxxx Xxxxx Investment Management, LLC agrees to render the investment advisory and management services to the New Portfolio under the terms of the Management Agreement and amended Appendix A and B attached hereto.
| XXXXXXX XXXXX FUNDS | ||
| By: | /s/ Xxxx X. Xxxxxx | |
| Name: | Xxxx X. Xxxxxx | |
| Title: | Treasurer, Xxxxxxx Xxxxx Funds | |
| Accepted this 31st day of July, 2023. | ||
| XXXXXXX XXXXX INVESTMENT MANAGEMENT, LLC | ||
| By: | /s/ Xxxxxx Xxxxxxx | |
| Name: | Xxxxxx Xxxxxxx | |
| Title: | Partner | |
APPENDIX A
MANAGEMENT FEES
Xxxxxxx Xxxxx China Growth Fund:
0.94% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets Debt Fund:
0.65% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets ex China Growth Fund:
0.94% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets Growth Fund:
0.94% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets Leaders Fund:
0.94% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets Small Cap Growth Fund:
1.10% of average daily net assets
Xxxxxxx Xxxxx Global Leaders Fund:
0.85% of average daily net assets
Xxxxxxx Xxxxx Growth Fund:
0.75% of average daily net assets
Xxxxxxx Xxxxx Institutional International Growth Fund:
0.94% of the first $1.875 billion of average daily net assets;
0.90% of the next $625 million of average daily net assets;
0.875% of the next $2.5 billion of average daily net assets;
0.85% of the next $5 billion of average daily net assets;
0.825% of the next $5 billion of average daily net assets;
0.80% of average daily net assets over $15 billion
Xxxxxxx Xxxxx International Growth Fund:
0.94% on the first $3 billion of average daily net assets;
0.90% of the next $2 billion of average daily net assets;
0.85% of the next $5 billion of average daily net assets;
0.825% of the next $5 billion of average daily net assets;
0.80% of average daily net assets over $15 billion
Xxxxxxx Xxxxx International Leaders Fund:
0.85% of average daily net assets
Xxxxxxx Xxxxx International Small Cap Growth Fund:
1.00% of average daily net assets
Xxxxxxx Xxxxx Large Cap Growth Fund:
0.60% of average daily net assets
Xxxxxxx Xxxxx Mid Cap Value Fund:
0.70% of average daily net assets
Xxxxxxx Xxxxx Small Cap Growth Fund:
0.94% of average daily net assets
Xxxxxxx Xxxxx Small Cap Value Fund:
0.75% of average daily net assets
Xxxxxxx Xxxxx Xxxxx-Mid Cap Core Fund:
0.90% of average daily net assets
Xxxxxxx Xxxxx Small-Mid Cap Growth Fund:
0.94% of average daily net assets
Xxxxxxx Xxxxx Xxxxx-Mid Cap Value Fund:
0.80% of average daily net assets
