Exhibit 99.B-(d)(6)
AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT
Amendment dated as of July 1, 2003 to the Investment Sub-Advisory
Agreement between SEI Investments Management Corporation (the "Adviser") and
Banc of America Capital Management, LLC (the "Sub-Adviser") with respect to the
SEI Daily Income Trust's Money Market, Prime Obligation, Government, Government
II, Treasury, Treasury II, and Federal Securities Funds (each a "Fund," and
collectively the "Funds").
WITNESSETH:
WHEREAS, Adviser and Sub-Adviser have entered into an Investment
Sub-Advisory Agreement (the "Agreement") dated March 17, 2003, pursuant to which
the Sub-Adviser renders investment sub-advisory services to each Fund;
WHEREAS, Section 1(h) of the Agreement provides that (i) the Sub-Adviser
shall review all proxy solicitation materials and be responsible for voting and
handling all proxies in relation to the securities held as Assets in a Fund; and
(ii) the Adviser shall instruct the custodian and other parties providing
services to a Fund to promptly forward misdirected proxies to the Sub-Adviser;
WHEREAS, the Adviser and the Sub-Adviser desire to amend Section 1(h) of
the Agreement for the purpose of revising the duties and responsibilities of the
Adviser and Sub-Adviser with regard to reviewing proxy solicitation materials
and responsibility for voting and handling proxies in relation to the securities
held as Assets in a Fund; and
WHEREAS, the Adviser and Sub-Adviser also desire to amend certain
provisions of the Agreement to reflect amendments by the U.S. Securities and
Exchange Commission to Rules 10f-3, 12d3-1 and 17e-1 and adoption of new Rule
17a-10 under the Investment Company Act of 1940, as amended.
NOW THEREFORE, in consideration of the foregoing and the mutual covenants
herein contained, the parties hereby agree as follows:
Section 1(h) of the Agreement is amended and restated as follows:
(h) (i) Except under the circumstances set forth in subsection (ii),
the Sub-Adviser shall not be responsible for reviewing proxy
solicitation materials or voting and handling proxies in
relation to the securities held as Assets in a Fund. The
Sub-Adviser shall instruct the custodian and other parties
providing services to a Fund to promptly forward misdirected
proxies to the Adviser.
(ii) The Sub-Adviser hereby agrees that upon 60 days' written
notice from the Adviser, the Sub-Adviser shall assume
responsibility for reviewing proxy solicitation materials and
voting proxies in relation to the securities held as Assets in
a Fund. As of the time as the Sub-Adviser shall assume such
responsibilities with respect
to proxies under this sub-section (ii), the Adviser shall
instruct the custodian and other parties providing services to
a Fund to promptly forward misdirected proxies to the
Sub-Adviser.
The following paragraph is added to the Agreement as Section 1(i):
(i) In performance of its duties and obligations under this Agreement,
the Sub-Adviser shall not consult with any other sub-adviser to a
Fund or a sub-adviser to a portfolio that is under common control
with a Fund concerning the Assets, except as permitted by the
policies and procedures of a Fund. The Sub-Adviser shall not provide
investment advice to any assets of a Fund other than the Assets.
Except as expressly superseded or modified by this Amendment, the terms
and provisions of the Agreement shall continue to apply with full force and
effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed
by their officers designated below as of the day and year first written above.
SEI INVESTMENTS MANAGEMENT CORPORATION BANC OF AMERICA CAPITAL MANAGEMENT, LLC
By: /s/ Xxxx Xxxxxxxxx By: /s/ Xxxxxx X. Xxxxxx
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Name: Xxxx Xxxxxxxxx Name: Xxxxxx X. Xxxxxx
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Title: Senior Vice President Title: Managing Director
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