EXHIBIT 5(B)
Investment Advisory Agreement with Xxxxxxx Asset Management, Inc.
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The Investment Advisory Agreement, except for the Exhibit A that
follows, was previously filed as Exhibit 5(b) to Post-Effective
Amendment No. 32 to this Registration Statement and is incorporated
into this Exhibit by this reference.
EXHIBIT A TO THE
PRINCIPAL PRESERVATION PORTFOLIOS, INC.
INVESTMENT ADVISORY AGREEMENT
1. TAX-EXEMPT PORTFOLIO.
a. Effective Date: May 1, 1989
b. Management Fee: The management fee for this Portfolio, calculated in
accordance with paragraph 5 of the Principal Preservation Portfolios,
Inc. Investment Advisory Agreement, shall be at an annual rate of 0.60
of 1% of the average daily net assets of the Portfolio up to $50
million, reducing to 0.50 of 1% for the next $200 million of average
daily net assets, and 0.40 of 1% of average daily net assets in excess
of $250 million.
2. GOVERNMENT PORTFOLIO.
a. Effective Date: May 1, 1989
b. Management Fee: The management fee for this Portfolio, calculated in
accordance with paragraph 5 of the Principal Preservation Portfolios,
Inc. Investment Advisory Agreement, shall be at an annual rate of 0.60
of 1% of the average daily net assets of the Portfolio up to $50
million, reducing to 0.50 of 1% for the next $200 million of average
daily net assets, and 0.40 of 1% of average daily net assets in excess
of $250 million.
3. S&P 100 PLUS PORTFOLIO.
a. Effective Date: May 1, 1996.
b. Management Fee: The management fee for this Portfolio, calculated in
accordance with paragraph 5 of the Principal Preservation Portfolios,
Inc. Investment Advisory Agreement, shall be at an annual rate of
0.575 of 1% of average daily net assets of the Portfolio up to $20
million, 0.45 of 1% on the next $30 million, 0.40 of 1% on the next
$50 million, 0.35 of 1% on the next $400 million and 0.30 of 1% on
assets over $500 million.
4. WISCONSIN TAX-EXEMPT PORTFOLIO.
a. Effective Date: June 13, 1994
b. Management Fee: The management fee for this Portfolio, calculated in
accordance with paragraph 5 of the Principal Preservation Portfolios,
Inc. Investment Advisory Agreement, shall be at an annual rate of 0.50
of 1% of the first $250 million of the average daily net assets of the
Portfolio, and 0.40 of 1% on average daily net assets in excess of
$250 million.
5. SELECT VALUE PORTFOLIO.
a. Effective Date: August 24, 1994
b. Management Fee: The management fee for this Portfolio, calculated in
accordance with paragraph 5 of the Principal Preservation Portfolios,
Inc. Investment Advisory Agreement, shall be at an annual rate of 0.75
of 1% of the first $250 million of the average daily net assets of the
Portfolio, and 0.65 of 1% on average daily net assets in excess of
$250 million.
6. PSE TECHNOLOGY INDEX PORTFOLIO.
a. Effective Date: Effective Date of Post-Effective
Amendment No. 33 to Principal Preservation's Registration
Statement on Form N-1A.
b. Management Fee: The management fee for this Portfolio,
calculated in accordance with paragraph 5 of the Principal
Preservation Portfolios, Inc. Investment Advisory Agreement,
shall be at an annual rate of 0.50 of 1% of the first $50
million of the average daily net assets of the Portfolio,
0.30 of 1% of the next $200 million in net assets, 0.25 of
1% of the next $250 million in net assets, and 0.20 of 1%
of net assets in excess of $500 million.
