AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
Exhibit (d)(1)(v)
AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
This Amendment (the “Amendment”) is made and entered into effective March 12, 2021 among M Financial Investment Advisers, Inc., a Colorado corporation (the “Adviser”) and M Fund, Inc. a Maryland corporation (the “Fund” and with the Adviser, the “Parties”).
RECITALS
| A. | The Parties entered into an Investment Advisory Agreement dated September 1, 2001, as amended (the “Agreement”). | |
| B. | The Parties desire to amend the Agreement to revise the fee schedule set forth on Schedule A to the Agreement as a result of a revision to the fee schedule that the Adviser pays to the sub-adviser of the M International Equity Fund. |
AGREEMENT
| 1. | Amendment. Schedule A is amended to read in its entirety to as set forth in Schedule A to this Amendment. |
| 2. | Other Provisions. The provisions of the Agreement that are not amended or deleted by this Amendment remain unchanged and in full force and effect. |
| 3. | Defined Terms. All capitalized terms used, but not defined in this Amendment, have the definitions given them in the Agreement. |
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The Parties have caused this AMENDMENT TO ADVISORY AGREEMENT to be executed by their duly authorized officers as of the day and year first written above.
| M FINANCIAL ADVISERS, INC. | |
| /s/ Xxxxxxx- XxXxxxxx-Xxxxxx | |
| By: Xxxxxxx XxXxxxxx-Xxxxxx, President | |
| M FUND, INC. | |
| /s/ Xxxxxxx- XxXxxxxx-Xxxxxx | |
| By: Xxxxxxx XxXxxxxx-Xxxxxx, President |
Schedule A
to the
between
M Fund, Inc.
and
M Financial Investment Advisers, Inc.
Pursuant to Section 5, the Fund shall pay the Adviser compensation at an effective annual rate as follows:
| Name of Portfolio | Annual Rate of Compensation |
| M International Equity Fund | 0.15% on all assets plus (and only with respect to Fund assets which are not invested in a mutual fund that is advised by the Fund’s sub-adviser): |
| 0.25% on the first $100 million | |
| 0.20% on all assets thereafter | |
| M Large Cap Growth Fund | 0.65% on the first $50 million |
| 0.60% on the next $50 million | |
| 0.55% on all assets thereafter | |
| M Capital Appreciation Fund | 0.90% on the first $125 million |
| 0.80% on all assets thereafter | |
| M Large Cap Value Fund | 0.43% |
