Exhibit No. 4(g)
INVESTMENT ADVISORY AND ADMINISTRATION FEE AGREEMENT
Agreement made as of May 1, 1998, between XXXXXXXX XXXXXXXX SERIES TRUST,
a Massachusetts business trust ("Trust"), and XXXXXXXX XXXXXXXX ASSET MANAGEMENT
INC. ("Xxxxxxxx Xxxxxxxx"), a Delaware corporation registered as a broker-dealer
under the Securities Exchange Act of 1934, as amended, and as an investment
adviser under the Investment Advisers Act of 1940, as amended.
WHEREAS, the Trust has appointed Xxxxxxxx Xxxxxxxx as investment adviser
and administrator for each series of shares of beneficial interest of the Trust
as now exists and as hereafter may be established, pursuant to an Investment
Advisory and Administration Contract, dated April 21, 1988, between the Trust
and Xxxxxxxx Xxxxxxxx ("Advisory Contract"); and
WHEREAS, the following four new series of shares of beneficial interest
(each a "Fund") have been established as new series of the Trust: High Income
Portfolio, Tactical Allocation Portfolio, Small Cap Portfolio and Strategic
Income Portfolio;
NOW THEREFORE, in consideration of the premises and mutual covenants
herein contained, it is agreed between the parties hereto as follows:
1. For the services provided and the expenses assumed pursuant to the
Advisory Contract with respect to the Funds, each Fund will pay to
Xxxxxxxx Xxxxxxxx a fee at the annual rate of its average daily net
asset set forth below, such fee to be computed daily and paid monthly:
High Income Portfolio: 0.50%
Tactical Allocation Portfolio: 0.50%
Small Cap Portfolio 1.00%
Strategic Income Portfolio 0.75%
2. This Fee Agreement shall be subject to all of the terms and conditions
of the Advisory Contract.
3. This Fee Agreement shall become effective upon the date written above,
provided that it shall not take effect with respect to a Fund unless it
has first been approved with respect to that Fund (i) by a vote of a
majority of the Trustees of the Trust who are not parties to this Fee
Agreement or the Advisory Contract or interested persons of any such
persons at a meeting called for the purpose of such approval and (ii)
by vote of a majority of the Fund's outstanding voting securities.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed by their officers designated as of the day and year first above
written.
XXXXXXXX XXXXXXXX SERIES TRUST
By: /s/ Xxxxxx X. X'Xxxxxxx
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Name: Xxxxxx X. X'Xxxxxxx
Title: Secretary and Vice President
XXXXXXXX XXXXXXXX ASSET MANAGEMENT INC.
By: /s/ Xxxxxxxx Xxxxxxxxx
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Name: Xxxxxxxx Xxxxxxxxx
Title: Managing Director and General Counsel
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