BRIGHTHOUSE FUNDS TRUST II AMENDMENT NO. 1 TO THE SUB-ADVISORY AGREEMENT (Loomis Sayles Small Cap Core Portfolio)
Exhibit (d)(b)(11)(i)
AMENDMENT NO. 1 TO THE SUB-ADVISORY AGREEMENT
(Xxxxxx Xxxxxx Small Cap Core Portfolio)
This Amendment No. 1 to the Sub-Advisory Agreement (the “Agreement”) dated August 4, 2017, by and between Brighthouse Investment Advisers, LLC (the “Adviser”) and Xxxxxx, Xxxxxx & Company, L.P. (the “Subadviser”) with respect to Xxxxxx Xxxxxx Small Cap Core Portfolio, a series of Brighthouse Funds Trust II, is entered into effective the 1st of January 2020.
WHEREAS, the Agreement provides for the Subadviser to provide certain investment advisory services for the Adviser, for which the Subadviser is to receive agreed upon fees; and
WHEREAS, the parties wish to amend certain provisions of the Agreement as set forth herein;
NOW, THEREFORE, in consideration of the mutual promises, representations, and warranties made herein, covenants and agreements hereinafter contained, and, for other good and valuable consideration, the receipt and sufficiency of which are acknowledged, the parties agree as follows:
1. The first sentence of paragraph 6 of the Agreement is deleted and restated in whole to read as follows:
As full compensation for all services rendered, facilities furnished and expenses borne by the Sub-Adviser hereunder, the Manager shall pay the Sub-Adviser compensation at the annual rate of 0.470% of the first $25 million in average net assets, 0.470% of the next $75 million in average net assets, 0.450% of the next $100 million in average net assets and 0.400% of the excess over $200 million in average net assets.
2. All other terms and conditions of the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the 9th day of December, 2019.
| /s/ Xxxxxx Xxxxxx |
| Xxxxxx Xxxxxx |
| President, Brighthouse Investment Advisers, LLC |
| /s/ Xxxxxx X. Malls |
| By: Authorized Officer |
| Xxxxxx, Xxxxxx & Company, L.P. |
