AMENDMENT TO SUBADVISORY AGREEMENT Declaration Management & Research LLC
AMENDMENT TO SUBADVISORY AGREEMENT
Declaration Management & Research LLC
Declaration Management & Research LLC
AMENDMENT made as of this 2nd day of October, 2006 to the Subadvisory Agreement
dated October 17, 2005 (the “Agreement”), between Xxxx Xxxxxxx Investment Management Services, LLC,
a Delaware limited partnership (the “Adviser”), and Declaration Management & Research LLC, a
Delaware limited liability company (the “Subadviser”). In consideration of the mutual covenants
contained herein, the parties agree as follows:
1. CHANGE IN APPENDIX A
The compensation of the Subadviser for the Total Bond Market Fund (formerly, the Bond Index Fund)
shall be as set forth in Appendix A.
3. EFECTIVE DATE
This Amendment shall become effective on the later to occur of: (i) approval of the Amendment
by the Board of Trustees of Xxxx Xxxxxxx Funds II and (ii) execution of the Amendment.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed under seal by
their duly authorized officers as of the date first mentioned above.
XXXX XXXXXXX INVESTMENT MANAGEMENT SERVICES, LLC | ||||
By:
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/s/ Xxxxx X. Xxxxx
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Executive Vice President | ||||
DECLARATION MANAGEMENT & RESEARCH LLC | ||||
By:
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/s/ Xxxxxxx X. Xxxxxxxx, Xx.
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Title: President |
APPENDIX A
The Subadviser shall serve as investment subadviser for each Portfolio of Xxxx Xxxxxxx Funds
II (the “Trust”) listed below. The Adviser will pay the Subadviser, as full compensation for all
services provided under this Agreement with respect to each Portfolio, the fee computed separately
for such Portfolio at an annual rate as follows (the “Subadviser Fee”):
First | Excess Over | |||
$500 million | $500 million | |||
of Aggregate | of Aggregate | |||
Portfolio | Net Assets* | Net Assets* | ||
Total Bond Market Fund (formerly, Bond Index Fund)
|
[ %] | [ %] |
* The term Aggregate Net Assets includes the net assets of a Portfolio of the Trust. It also
includes with respect to each Portfolio the net assets of one or more other portfolios as indicated
below, but in each case only for the period during which the Subadviser for the Portfolio also
serves as the subadviser for the other portfolio(s). For purposes of determining Aggregate Net
Assets and calculating the Subadviser Fee, the net assets of the Portfolio and each other portfolio
of the Trust are determined as of the close of business on the previous business day of the Trust,
and the net assets of each portfolio of each other fund are determined as of the close of business
on the previous business day of that fund.
Trust Portfolio(s) | Other Portfolio(s) | |||
Total Bond Market Fund
|
— | None |
The Subadviser Fee for a Portfolio shall be based on the applicable annual fee rate for the
Portfolio which for each day shall be equal to (i) the sum of the amounts determined by applying
the annual percentage rates in the table to the applicable portions of Aggregate Net Assets divided
by (ii) Aggregate Net Assets (the “Applicable Annual Fee Rate”). The Subadviser Fee for each
Portfolio shall be accrued for each calendar day, and the sum of the daily fee accruals shall be
paid monthly to the Subadviser within 30 calendar days of the end of each month. The daily
fee accruals will be computed by multiplying the fraction of one over the number of calendar days
in the year by the Applicable Annual Fee Rate, and multiplying this product by the net assets of
the Portfolio. The Adviser shall provide Subadviser with such information as Subadviser may
reasonably request supporting the calculation of the fees paid to it hereunder. Fees shall be paid
either by wire transfer or check, as directed by Subadviser.
If, with respect to any Portfolio, this Agreement becomes effective or terminates, or if the
manner of determining the Applicable Annual Fee Rate changes, before the end of any month, the fee
(if any) for the period from the effective date to the end of such month or from the beginning of
such month to the date of termination or from the beginning of such month to the date of such
change, as the case may be, shall be prorated according to the proportion which such period bears
to the full month in which such effectiveness or termination or change occurs.
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