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Exhibit 5(a)-11.1
AMENDMENT OF INVESTMENT ADVISORY AGREEMENT
June 30, 1994
Sierra Investment Advisors Corporation
0000 Xxxxxx Xxxxxx, Xxxxx 000
P.O. Box 1160
Xxxxxxxxxx, Xxxxxxxxxx 00000-0000
Dear Sirs:
Sierra Trust Funds (the "Company," formerly known as XX Xxxxxx Trust
Funds), an unincorporated business trust organized under the laws of the
Commonwealth of Massachusetts, hereby agrees with Sierra Investment Advisors
Corporation ("Sierra Advisors," formerly known as Great Western Financial
Advisors Corporation), a corporation organized under the laws of the State of
California, to amend as follows the Investment Advisory Agreement (the
"Agreement") by and between the Company and Sierra Advisors dated February 3,
1992 with respect to employing the capital of the Short Term Global Government
Fund (the "Fund," a series investment fund of the Company, formerly known as the
XX Xxxxx Term Global Government Fund):
1. Amendment of Investment Advisory Agreement
Section 5 of the Agreement is amended by deleting the first sentence of
Section 5 and adding the following sentence in place of the deleted sentence:
"In consideration of the services rendered pursuant to this Agreement, the
Company will pay Sierra Advisors on the first business day of each month a fee
for the previous month at the annual rate of 0.65% of the Fund's average net
assets up to $500 million and .55% of the Fund's average net assets exceeding
$500 million, out of which fee Sierra Advisors shall pay to the sub-investment
advisor of the Fund (the "Sub-Advisor") the fee required under the Investment
Sub-Advisory Agreement relating to the Fund among the Company, Sierra Advisors
and the Sub-Advisor."
2. Effective Date
This amendment to the Agreement shall be effective as of July 1, 1994.
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Sierra Investment Advisors Corporation
June 30, 1994
Page 2
If the foregoing accurately sets forth our agreement, kindly indicate
your acceptance hereof by signing and returning the enclosed copy hereof.
Very truly yours,
SIERRA TRUST FUNDS
By: /s/ F. Xxxxx Xxxxxx
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Name: F. Xxxxx Xxxxxx
Title: President
Accepted:
SIERRA INVESTMENT ADVISORS CORPORATION
By: XXXXXXX X. GOTH
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Name: Xxxxxxx X. Goth
Title: Chief Operating Officer
