LETTER AGREEMENT
Exhibit (d)(1)(a)
LETTER AGREEMENT
August 27, 2013
Xxxxxxx Investment Management Company
0000 Xxxxxx Xxxxxx
00xx Xxxxx
Xxxxxxx, XX 00000
Re: Advisory Agreement - Section 6.A Compensation of the Manager
This Letter Agreement amends the Advisory Agreement between Xxxxxxx Investment Funds (“RIF”) and Xxxxxxx Investment Management Company (“RIMCo”) dated January 1, 2008 (the “Agreement”). In order to consolidate prior amendments to Section 6.A. of the Agreement, RIF and RIMCo desire to amend and restate Section 6.A of the Agreement as follows:
6. Compensation of the Manager.
| A. | The Manager shall receive from each of the following Sub-Trusts an annual management fee, accrued daily at the rate of 1/365th of the applicable management fee and payable following the last day of each month. The annual management fee, including the fee payable to the Money Managers (for each respective Sub-Trust), shall be computed based on the following annual percentage of each Sub-Trust’s average daily net assets during the month: |
| Fund |
Fee | |||
| Multi-Style Equity |
0.73 | % | ||
| Aggressive Equity |
0.90 | % | ||
| Non-U.S. |
0.90 | % | ||
| Core Bond |
0.55 | % | ||
| Global Real Estate Securities |
0.80 | % | ||
| Conservative Strategy |
0.20 | % | ||
| Moderate Strategy |
0.20 | % | ||
| Balanced Strategy |
0.20 | % | ||
| Growth Strategy |
0.20 | % | ||
| Equity Growth Strategy |
0.20 | % | ||
From this management fee, the Manager, acting as a fiduciary of the Trust, shall compensate the Money Managers.
If this agreement is acceptable to you, please sign below to indicate your acceptance and agreement.
Sincerely,
XXXXXXX INVESTMENT FUNDS
| By: | /s/ Xxxx X. Xxxxxxx | |
| Xxxx X. Xxxxxxx | ||
| Treasurer and Chief Accounting Officer |
Accepted and Agreed:
XXXXXXX INVESTMENT MANAGEMENT COMPANY
| By: | /s/ Xxxxx Xxxxxxx | |
| Xxxxx Xxxxxxx | ||
| President |
XXXXX XXXXXXX COMPANY
| By: | /s/ Xxx Xxxxxxx | |
| Xxx Xxxxxxx | ||
| Chief Executive Officer |
