AMENDMENT TO SUBADVISORY AGREEMENT
AMENDMENT TO SUBADVISORY AGREEMENT
AMENDMENT made as of this 30th day of December, 2001 to the Subadvisory Agreement, dated
December 31, 1996 as amended (the “Agreement”), between Manufacturer’s Securities Services, LLC
(formerly, NASL Financial Services, Inc.), a Delaware limited partnership (the “Adviser”), and
Xxxxxx Xxxxxxx Investments LP (formerly, Xxxxxx Xxxxxxxx & Xxxxxxxx, LLP) (the “Subadviser”). In
consideration of the mutual covenants contained herein, the parties agree as follows:
1. CHANGE IN APPENDIX A
Section 3 of the Agreement, “Compensation of Subadviser,” is hereby amended:
a. | to change the subadvisory fee for the Value Trust; | ||
b. | to change the subadvisory fee for the High Yield Trust; |
2. EFECTIVE DATE
This Amendment shall be effective with respect to each portfolio on the later to occur of: (i)
(ii) approval of the Amendment by the Board of Trustees of Manufacturers Investment Trust, (ii)
execution of the Amendment and (iii) January 1, 2002.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed under seal by
their duly authorized officers as of the date first mentioned above.
Manufacturers Securities Services, LLC
By: The Manufacturers Life Insurance Company of North America, its managing member
By:
|
/s/Xxxxx X. Xxxxxxxxx | |||
Xxxxx X. Xxxxxxxxx, Vice President, | ||||
Secretary and General Counsel |
Xxxxxx Xxxxxxx Investments LP
By:
|
/s/Xxxxxxx Xxxxxx | |||
APPENDIX A
The Subadviser shall serve as investment subadviser for the following portfolios of the Trust.
The Adviser will pay the Subadviser, as full compensation for all services provided under this
Agreement, the fee computed separately for each such Portfolio at an annual rate as follows (the
“Subadviser Percentage Fee”):
Between | ||||||
$200 million | ||||||
First | and | Excess over | ||||
Portfolio | $200 million | $500 million | $500 million | |||
Value Trust |
||||||
High Yield Trust |
The Subadviser Percentage Fee for each Portfolio shall be accrued for each calendar day and
the sum of the daily fee accruals shall be paid monthly to the Subadviser. The daily fee accruals
will be computed by multiplying the fraction of one over the number of calendar days in the year by
the applicable annual rate described in the preceding paragraph, and multiplying this product by
the net assets of the Portfolio as determined in accordance with the Trust’s prospectus and
statement of additional information as of the close of business on the previous business day on
which the Trust was open for business.
If this Agreement becomes effective or terminates before the end of any month, the fee (if
any) for the period from the effective date to the end of such month or from the beginning of such
month to the date of termination, as the case may be, shall be prorated according to the proportion
which such period bears to the full month in which such effectiveness or termination occurs.