Exhibit (d)(3)(ii)
IXIS ASSET MANAGEMENT ADVISORS, L.P.
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
January 1, 2005
CDC Nvest Funds Trust III
CDC IXIS Moderate Diversified Portfolio
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
Attn: Xxxxxxx Xxxxxx, Treasurer
Re: CDC IXIS Moderate Diversified Portfolio Advisory Agreement Addendum
Dear Xx. Xxxxxx:
The Advisory Agreement dated July 14, 2004 between CDC Nvest Funds Trust III
(the "Fund") with respect to its CDC IXIS Moderate Diversified Portfolio (the
"Series") and IXIS Asset Management Advisors, L.P. (the "Manager") is hereby
revised, effective January 1, 2005, to delete section 7 and to replace it with
the following:
7. As full compensation for all services rendered, facilities furnished and
expenses borne by the Manager hereunder, the Fund shall pay the Manager
compensation in an amount equal to (x) the annual rate of 0.75% of the first $1
billion of the average daily net assets of the Series and 0.70% of such assets
in excess of $1 billion (or such lesser amount as the Manager may from time to
time agree to receive) minus (y) any fees payable by the Fund, with respect to
the period in question, to any one or more Sub-Advisers pursuant to any
Sub-Advisory Agreements in effect with respect to such period. Such compensation
shall be payable monthly in arrears or at such other intervals, not less
frequently than quarterly, as the Board of Trustees of the Fund may from time to
time determine and specify in writing to the Manager. The Manager hereby
acknowledges that the Fund's obligation to pay such compensation is binding only
on the assets and property belonging to the Series.
To indicate your approval and acceptance of the terms of this letter, please
sign below where indicated.
IXIS ASSET MANAGEMENT ADVISORS, L.P.
By IXIS Asset Management Distribution Corporation, its general partner
/s/ Xxxx X. Xxxxxx
------------------------------
Xxxx X. Xxxxxx
Executive Vice President
ACCEPTED AND AGREED TO:
CDC Nvest Funds Trust III
CDC IXIS Moderate Diversified Portfolio
By: /s/ Xxxxxxx Xxxxxx
--------------------------
Xxxxxxx Xxxxxx
Title: Treasurer
Date: January 1, 2005
2
