Exhibit 5.6
Xxxxxxxx-Xxxxxxxxx Mutual Funds
000 Xxxx Xxxxxxxx
Xxx Xxxxx, Xxxxxxxxxx 00000
August 14, 1998
Xxxxxxxx-Xxxxxxxxx Capital Management
000 Xxxx Xxxxxxxx
Xxx Xxxxx, Xxxxxxxxxx 00000
Ladies and Gentlemen:
This will confirm our agreement that the Investment Advisory Agreement
between us dated September 7, 1997, as amended, is hereby amended by adding
thereto the Xxxxxxxx-Xxxxxxxxx Large Cap Value Fund as a Fund thereunder. The
full list of Funds covered by the Agreement and the annual advisory fee with
respect to each such Fund shall be as set forth on Exhibit A.
In all other respects, the Investment Advisory Agreement will remain
in full force and effect. Please sign this letter below to confirm your
agreement with this amendment.
Very truly yours,
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X. Xxxxx Xxxxx, Xx.
Secretary
AGREED:
Xxxxxxxx-Xxxxxxxxx Capital Management
By: Xxxxxxxx-Xxxxxxxxx Capital Management
Holdings, L.P., its General Partner
By: Xxxxxxxx-Xxxxxxxxx Capital Management
Holdings, Inc., its General Partner
By:
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X. Xxxxx Xxxxx, Xx.
Secretary
EXHIBIT A
XXXXXXXX-XXXXXXXXX MID CAP GROWTH FUND (formerly Xxxxxxxx-Xxxxxxxxx Core Growth
Fund): 0.75% of the first $500 million of the Fund's average net assets, 0.675%
of the next $500 million of net assets, and 0.65% of net assets in excess of $1
billion.
XXXXXXXX-XXXXXXXXX LARGE CAP GROWTH FUND: 0.75% of the first $500 million of the
Fund's average net assets, 0.675% of the next $500 million of net assets, and
0.65% of net assets in excess of $1 billion.
XXXXXXXX-XXXXXXXXX MINI CAP GROWTH FUND: 1.25% of the Fund's average net assets.
XXXXXXXX-XXXXXXXXX SMALL CAP GROWTH FUND (formerly Xxxxxxxx-Xxxxxxxxx Emerging
Growth Fund): 1.00% of the Fund's average net assets.
XXXXXXXX-XXXXXXXXX CONVERTIBLE FUND (formerly Xxxxxxxx-Xxxxxxxxx Income & Growth
Fund): 0.75% of the first $500 million of the Fund's average net assets, 0.675%
of the next $500 million of net assets, and 0.65% of net assets in excess of $1
billion.
XXXXXXXX-XXXXXXXXX BALANCED GROWTH FUND: 0.75% of the first $500 million of the
Fund's average net assets, 0.675% of the next $500 million of net assets, and
0.65% of net assets in excess of $1 billion.
XXXXXXXX-XXXXXXXXX WORLDWIDE GROWTH FUND: 1.00% of the first $500 million of the
Fund's average net assets, .90% of the next $500 million of net assets, and .85%
of net assets in excess of $1 billion.
XXXXXXXX-XXXXXXXXX INTERNATIONAL CORE GROWTH FUND: 1.00% of the first $500
million of the Fund's average net assets, 0.90% of the next $500 million of net
assets, and 0.80% of net assets in excess of $1 billion.
XXXXXXXX-XXXXXXXXX EMERGING COUNTRIES FUND: 1.25% of the Fund's average net
assets.
XXXXXXXX-XXXXXXXXX GLOBAL GROWTH & INCOME FUND: .85% of the Fund's average net
assets.
XXXXXXXX-XXXXXXXXX INTERNATIONAL SMALL CAP GROWTH FUND: 1.00% of the first $500
million of the Fund's average net assets, .90% of the next $500 million of net
assets, and .85% of net assets in excess of $1 billion.
XXXXXXXX-XXXXXXXXX MONEY MARKET FUND: .25% of the first $500 million of the
Fund's average net assets, and .2275% of net assets in excess of $500 million.
XXXXXXXX-XXXXXXXXX VALUE FUND: 0.75% of the first $500 million of the Fund's
average net assets, 0.675% of the next $500 million of net assets, and 0.65% of
net assets in excess of $1 billion.
XXXXXXXX-XXXXXXXXX HIGH YIELD BOND FUND: 0.60% of the Fund's average net assets.
XXXXXXXX-XXXXXXXXX STRATEGIC INCOME FUND: 0.60% of the Fund's average net
assets.
XXXXXXXX-XXXXXXXXX SHORT-INTERMEDIATE FIXED INCOME FUND: 0.30% of the first $250
million of the Fund's average net assets and 0.25% of the net assets in excess
of $250 million.
XXXXXXXX-XXXXXXXXX HIGH QUALITY BOND FUND (formerly Xxxxxxxx-Xxxxxxxxx Fully
Discretionary Fixed Income Fund): 0.45% of the first $500 million of the Fund's
average net assets, 0.40% of the next $250 million of net assets, and 0.35% of
net assets in excess of $750 million.
XXXXXXXX-XXXXXXXXX GLOBAL BLUE CHIP FUND: 0.80% of the Fund's average net
assets.
XXXXXXXX-XXXXXXXXX EMERGING MARKETS BOND FUND: 0.70% of Fund's average net
assets.
XXXXXXXX-XXXXXXXXX PACIFIC RIM FUND: 1.00% of Fund's average net assets.
XXXXXXXX-XXXXXXXXX GREATER CHINA FUND: 1.00% of the Fund's average net assets.
XXXXXXXX-XXXXXXXXX LATIN AMERICA FUND: 1.25% of the Fund's average net assets.
XXXXXXXX-XXXXXXXXX GLOBAL TECHNOLOGY FUND: 1.00% of the Fund's average net
assets.
XXXXXXXX-XXXXXXXXX LARGE CAP VALUE FUND: 0.75% of the Fund's average net
assets.
