(d)(2)
Amendment to Advisory Agreement
The Advisory Agreement dated February 17, 1999 The Catholic Funds, Inc.(f/k/a
as The Catholic Alliance Funds, Inc.) and Catholic Financial Services
Corporation is amended, as follows, to add the Money Market Fund to The
Catholic Funds, Inc.:
The Money Market Fund shall pay management fees as follows:
For its services, the Adviser receives the following annual fee, computed
daily:
If the portfolio is $50 million or less: 0.30%
If the portfolio is over $50 million and less than $100 million: 0.25%
If the portfolio is at least $100 million and less than $200 million: 0.20%
If the portfolio is $200 million or more: 0.15%
From the above fees, the Adviser pays the Sub-Adviser:
If the portfolio is $50 million or less: 0.20%
If the portfolio is over $50 million and less than $100 million: 0.15%
If the portfolio is at least $100 million and less than $200 million: 0.10%
If the portfolio is $200 million or more: 0.075%
However, neither the Adviser nor Sub-Adviser shall receive any fees
until the Money Market Fund has $25 million in assets or for the
first six months, whichever comes earlier, and once either has
occurred; the Adviser shall charge at an annual rate of 0.10% and
pay the Sub-Adviser at an annual rate of 0.05% for the next six
months or until the Money Market Fund has $50 million in assets,
whichever comes first. Thereafter the management fee schedule set
forth in this section applies without any waivers.
All other provisions of the agreement remain in full force and effect.
Dated this 31st day of August, 1999
The Catholic Funds, Inc.
By /s/ Xxxxx X. Xxxxx title pres.
Catholic Financial Services Corporation
By/s/ Xxxxxx X. Xxxxxxxxx titleV. P. Secretary
