AMENDMENT TO INVESTMENT ADVISORY AGREEMENT ASSETMARK FUNDS
AMENDMENT
TO INVESTMENT ADVISORY AGREEMENT
This
amendment (the “Amendment”) is
effective as of May 15, 2007, by and between AssetMark Funds, a Delaware
statutory trust (the “Trust”), and AssetMark Investment Services, Inc., a
California corporation (the “Advisor”).
WHEREAS
the parties entered into an
Investment Advisory Agreement (the “Agreement”) dated October 20, 2006;
and
WHEREAS
the parties now wish to amend
the Agreement, in accordance with Section 13 thereof, by changing Schedule
A
thereof to include additional series of the Trust;
NOW
THEREFORE, the parties agree as
follows:
AMENDMENT
Schedule
A to the Agreement is hereby
deleted and replaced with the following:
Schedule
A
to
the
between
and
AssetMark
Investment Services, Inc.
Pursuant
to Section 5 of the Investment
Advisory Agreement, the Trust shall cause each Fund to pay the Advisor
compensation at an annual rate as follows:
|
Fund:
|
COMPENSATION
(as
a percentage of
average
daily net
assets):
|
EFFECTIVE
DATE:
|
|
AssetMark
Large Cap Value Fund
|
0.95%
|
October
20, 2006
|
|
AssetMark
Large Cap Growth Fund
|
0.95%
|
October
20, 2006
|
|
AssetMark
Small/Mid-Cap Value
Fund
|
0.95%
|
October
20, 2006
|
|
AssetMark
Small/Mid-Cap Growth
Fund
|
1.00%
|
October
20, 2006
|
|
AssetMark
International Equity
Fund
|
0.95%
|
October
20, 2006
|
|
AssetMark
Real Estate Securities
Fund
|
0.95%
|
October
20, 2006
|
|
AssetMark
Tax-Exempt Fixed
Income
Fund
|
0.80%
|
October
20, 2006
|
|
AssetMark
Core Plus Fixed Income
Fund
|
0.75%
|
October
20, 2006
|
|
AssetMark
Fundamental IndexTM
Large
Company Growth Fund
|
0.75%
|
May
15, 2007
|
|
AssetMark
Fundamental IndexTM
Large
Company Value Fund
|
0.75%
|
May
15, 2007
|
|
AssetMark
Fundamental IndexTM
Small
Company Growth Fund
|
0.75%
|
May
15, 2007
|
|
AssetMark
Fundamental IndexTM
Small
Company Value Fund
|
0.75%
|
May
15, 2007
|
|
AssetMark
Fundamental IndexTM
International
Equity Fund
|
0.80%
|
May
15, 2007
|
Except
to the extent modified by this
Amendment, the remaining provisions of the Agreement shall remain in full force
and effect. In the event of a conflict between the provisions of the
Agreement and those of this Amendment, the Amendment shall control.
IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
as
of the day and year first written above.
|
AssetMark
Investment
Services,
Inc.
|
AssetMark Funds |
| By: /s/ Xxxxxx X. Xxxxxx | By: /s/ Xxxxxx X. Xxxxxx |
| Title: SVP | Title: President |
