AMENDMENT TO SUB-ADVISORY AGREEMENT
AMENDMENT TO SUB-ADVISORY AGREEMENT
THIS AMENDMENT is entered into as of December 1, 2017 to amend the SUB-ADVISORY AGREEMENT (the "Agreement") dated December 18, 2013, and amended as of November 20, 2015, and as further amended as of March 1, 2017 and May 26, 2017, by and between Xxxxxx LLC, a California limited liability corporation with its principal place of business at 000 Xxxxxxxxxx Xxxxxx, Xxxxx 000, Xxx Xxxxxxxxx, XX 00000-0000 (the "Adviser"), and SSGA Funds Management, Inc. a Massachusetts corporation with its principal place of business at Xxx Xxxxxxx Xxxxxx, Xxxxxx, XX 00000-0000 (the "Sub-Adviser”).
WHEREAS, pursuant to authority granted to the Adviser by the Board of Trustees (the "Board") of THE KP FUNDS (the "Trust") on behalf of the series set forth on Schedule A to the Agreement (The "Fund") and pursuant to the provisions of the Investment Advisory Agreement dated as of December 18th, 2013 by and between the Adviser and the Fund (the "Management Agreement"), the Adviser has selected the Sub-Adviser to act as sub-investment adviser of the Fund and to provide certain related services, as more fully set forth in the Agreement;
1. The Schedule A attached to this Amendment hereby replaces the current Schedule A to the Agreement.
XXXXXX LLC
By: | /s/ Xxxxxxx X. Xxxxx | |
Name: | Xxxxxxx X. Xxxxx | |
Title: | CEO and President |
SSGA FUNDS MANAGEMENT, INC.
By: | /s/ Xxxxx X. Xxxxxxx | |
Name: | Xxxxx X. Xxxxxxx | |
Title: | President |
SCHEDULE A to the
as amended effective December 1, 2017 between
CAL LAN LLC and
SSGA FUNDS MANAGEMENT, INC.
Each Fund will pay to the Sub-Adviser as compensation for the Sub-Adviser's services rendered, a fee, computed daily at an annual rate based on the average daily net assets of the portion of the respective Fund (or "Assets" as defined in this Agreement) as may be allocated by the Adviser to the Sub-Adviser from time to time under the following fee schedule:
Fund | Rate |
KP Large Cap Equity Fund — Passive Large Cap Equity Sub-Strategy | [Redacted] |
KP Small Cap Equity Fund — Passive Small Cap Equity Sub-Strategy | [Redacted] |
KP International Fund —Passive International Equity Sub-Strategy | [Redacted] |
KP International Fund — Passive International Small Cap Equity Sub-Strategy | [Redacted] |
KP Fixed Income Fund — Fixed Income Sub- Strategy | [Redacted] |
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