Exhibit (d)(6)
CALAMOS INVESTMENT TRUST
August 1, 2006
Calamos Advisors LLC
0000 Xxxxxxx Xxxxx
Xxxxxxxxxx, Xxxxxxxx 00000
Ladies and Gentlemen:
Re: Management Agreement
Pursuant to paragraph 4 of the Management Agreement between Calamos Investment
Trust (the "Trust") and Calamos Advisors LLC dated December 13, 2004, we hereby
notify you that the board of trustees of Calamos Investment Trust has amended
the Advisory Fee Schedule for the Trust. Schedule A is to be replaced with
Schedule A attached hereto.
Very truly yours,
CALAMOS INVESTMENT TRUST
By
----------------------------
Xxxxx X. Xxxxxx, Xx.
Secretary
Amended Advisory Fee Schedule as reflected in Schedule A attached hereto,
accepted this 1st day of August 2006.
CALAMOS ADVISORS LLC
By
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Xxxxxxx X. Xxxxxxx
Executive Vice President and
Chief Financial Officer
SCHEDULE A
ADVISORY FEE SCHEDULE
GROWTH FUND
Monthly Average Net Assets Monthly Fee Rate
-------------------------- ----------------
Up to and including $500 million 1/12 of 1.00%
Above $500 million up to and including $1 billion 1/12 of 0.90%
Above $1 billion up to and including $6 billion 1/12 of 0.80%
Above $6 billion up to and including $11 billion 1/12 of 0.78%
Above $11 billion up to and including $16 billion 1/12 of 0.76%
Above $16 billion up to and including $21 billion 1/12 of 0.74%
Above $21 billion up to and including $26 billion 1/12 of 0.72%
Above $26 billion 1/12 of 0.70%
CONVERTIBLE FUND, GROWTH AND INCOME FUND, HIGH YIELD FUND AND MARKET NEUTRAL
INCOME FUND
Monthly Average Net Assets Monthly Fee Rate
-------------------------- ----------------
Up to and including $500 million 1/12 of 0.75%
Above $500 million up to and including $1 billion 1/12 of 0.70%
Above $1 billion 1/12 of 0.65%
INTERNATIONAL GROWTH FUND, VALUE FUND, BLUE CHIP FUND AND GLOBAL GROWTH AND
INCOME FUND
Monthly Average Net Assets Monthly Fee Rate
-------------------------- ----------------
Up to and including $500 million 1/12 of 1.00%
Above $500 million up to and including $1 billion 1/12 of 0.95%
Above $1 billion up to and including $6 billion 1/12 of 0.90%
Above $6 billion up to and including $11 billion 1/12 of 0.88%
Above $11 billion up to and including $16 billion 1/12 of 0.86%
Above $16 billion up to and including $21 billion 1/12 of 0.84%
Above $21 billion up to and including $26 billion 1/12 of 0.82%
Above $26 billion 1/12 of 0.80%
In addition, for International Growth Fund only, the advisory fee shall
equal the base fee (shown above) adjusted by the performance adjustment fee,
if any:
PERFORMANCE ADJUSTMENT FEE:
The base fee shall be either increased or decreased by a performance
fee adjustment at the rate of 1/12th of 0.03% of the Fund's average net assets
over the preceding rolling Performance Period for each 1% increment amount by
which the Fund outperforms or underperforms its benchmark, MSCI EAFA Growth
Index ("Index") over such period and rounded to the nearest 0.01%, subject to a
maximum increase or decrease of 0.30% of average net assets calculated over such
period.
The Performance Period is the performance period which will commence
with the first day of the first full calendar month following Fund's
commencement of operations. During the first eleven months of the performance
period for Fund, there will be no performance adjustment. Starting with the
twelfth month of the period, the performance adjustment will take effect.
Following the twelfth month a new month will be added to the performance period
until the performance period equals 36 months. Thereafter, the performance
period will consist of the current month plus the previous 35 months.
The investment performance of the Fund will be the sum of:
(1) the change in the Fund's net asset value ("NAV") per share during
the Performance Period; plus
(2) the value of the Fund's cash distributions per share accumulated to
the end of the Performance Period; plus
(3) the value of capital gains taxes per share paid or payable on
undistributed realized long-term capital gains accumulated to the end
of the Performance Period;
expressed as a percentage of the Fund's NAV per share at the beginning of the
Performance Period. For this purpose, the value of distributions per share of
realized capital gains, of dividends per share paid from investment income and
of capital gains taxes per share paid or payable on undistributed realized
long-term capital gains shall be treated as reinvested in shares of the Fund at
the NAV in effect at the close of business on the record date for the payment of
such distributions and dividends and the date on which provision is made for
such taxes, after giving effect to such distributions, dividends and taxes.
The investment record of the Index will be the sum of:
(1) the change in the level of the Index during the Performance Period;
plus
(2) the value, computed consistently with the Index, of cash
distributions made by companies whose securities comprise the Index
accumulated to the end of the Performance Period; expressed as a
percentage of the Index level at the beginning of the Performance
Period. For this purpose, cash distributions on the securities which
comprise the Index shall be treated as reinvested in the index at least
as frequently as the end of each calendar quarter following the payment
of the dividend.
