Exhibit (d)(22)
April 1, 2008
Mondrian Investment Partners Limited
Attention: Managing Director
5th floor, 00 Xxxxxxx Xxxxxx
Xxxxxx, XX0X 0XX, Xxxxxx Xxxxxxx
RE: AMENDMENT TO SCHEDULE A AND SCHEDULE B
Dear Sir or Madam:
This letter agreement serves to amend Schedule A and Schedule B to our
investment sub-advisory agreement, dated September 28, 2007, (the "Agreement").
The amended Schedule A reflects the addition of the Laudus Mondrian
International Equity Fund and Laudus Mondrian Global Equity Fund. Amended
Schedule A shall replace the existing Schedule A.
The amended Schedule B reflects the addition of sub-advisory fees with
respect to the Laudus Mondrian International Equity Fund and Laudus Mondrian
Global Equity Fund. Amended Schedule B shall replace the existing Schedule B.
The Agreement otherwise remains unchanged and shall continue in full force
and effect.
In the space provided below, please acknowledge your agreement to the
foregoing.
Very truly yours,
Xxxxxxx Xxxxxx Investment Management, Inc.
By: /s/ Xxxxxxx X. Xxxx
------------------------
Name: Xxxxxxx X. Xxxx
Title: President and Chief Executive Officer
ACKNOWLEDGED AND AGREED TO:
Mondrian Investment Partners Limited
By: /s/ Xxxxx Xxxxxxxx
------------------------
Name: Xxxxx Xxxxxxxx
Title: CEO
AMENDED SCHEDULE A
TO THE
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX XXXXXX INVESTMENT MANAGEMENT, INC.
AND
MONDRIAN INVESTMENT PARTNERS LIMITED
FUND(S)
1. Laudus Mondrian Emerging Markets Fund
2. Laudus Mondrian International Fixed Income Fund
3. Xxxxxx Xxxxxxxx International Equity Fund
4. Xxxxxx Xxxxxxxx Global Equity Fund
Effective Date of this Schedule A: April 1, 2008
SCHEDULE B
TO THE
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX XXXXXX INVESTMENT MANAGEMENT, INC.
AND
MONDRIAN INVESTMENT PARTNERS LIMITED
FEES
Fees will be accrued each day by applying to the Net Asset Value of the Managed
Assets at the end of that day, the daily rate, using a 365-day year, equivalent
to the applicable fee percentage set forth below ("Company Percentage").
Sub-Adviser represents and warrants that the Company Percentage now is and in
the future will be equal to or less than the applicable fee percentage payable
to Sub-Adviser under any other advisory or sub-advisory agreement for comparable
investment advisory services (each a "Third Party Percentage"). If at any time,
the Company Percentage is greater than any Third Party Percentage, the Company
Percentage will be reduced to the lowest Third Party Percentage, including with
respect to any advisory or sub-advisory agreement amended or entered into by
Sub-Adviser after the effective date of this Schedule. Fees will be paid within
30 days following the end of each calendar quarter.
COMPANY PERCENTAGE
Laudus Mondrian Emerging Markets Fund
65 Basis Points on the first $250 Million
60 Basis Points on amounts over $250 Million
Laudus Mondrian International Fixed Income Fund
30 Basis Points on the first $250 Million
26.5 Basis Points on amounts over $250 Million
Laudus Mondrian International Equity Fund
40 Basis Points on the first $250 Million
32.5 Basis Points on amounts over $250 Million
Xxxxxx Xxxxxxxx Global Equity Fund
40 Basis Points on the first $250 Million
32.5 Basis Points on amounts over $250 Million
Effective Date of this Schedule B: April 1, 2008
