AMANA MUTUAL FUNDS TRUST INVESTMENT ADVISORY and ADMINISTRATIVE SERVICES AGREEMENT
AMANA MUTUAL FUNDS TRUST
INVESTMENT ADVISORY and ADMINISTRATIVE SERVICES AGREEMENT
THIS AMENDMENT, executed this 7th day of March 2019, amends the Investment Advisory and Administrative Services Agreement (the "Agreement"), dated September 24, 2018, between Saturna Capital Corporation, a Washington State corporation (the "Adviser") and Amana Mutual Funds Trust, a Delaware statutory trust (the "Trust"), for and on behalf of the portfolios listed on Schedule A thereto (each, a "Fund"), to be and become effective on June 1, 2019.
WHEREAS, the parties wish to replace Schedule B in its entirety, as set forth below:
SCHEDULE B
RATE OF COMPENSATION
Fund |
Rate of Compensation Based on Fund's Average Daily Net Asset Value |
Amana Income Fund |
0.80% on the first $1 billion of a Fund's average daily net assets, |
Amana Growth Fund |
0.80% on the first $1 billion of a Fund's average daily net assets, |
Amana Developing World Fund |
0.80% on the first $1 billion of a Fund's average daily net assets, |
Amana Participation Fund |
0.50% |
All other terms of the Agreement shall remain in full force and effect. There shall be no reduction in the services provided by the Adviser to the Fund in connection with the fee reductions implemented pursuant to this Amendment.
This Amendment shall require the approval of the majority of the Board of Trustees, including a majority of the Trustees who are not "interested persons" of the Adviser.
IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on behalf of each of them by their duly authorized officers on the date and year first above written.
SATURNA CAPITAL CORPORATION |
|
By: /s/ Xxxxxxxx X. Xxxxxx Name: Xxxxxxxx X. Xxxxxx Title: President |
By: /s/ Xxxx X. Xxxxxx Name: Xxxx X. Xxxxxx Title: President |
Attest: By: /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Secretary, Amana Mutual Funds Trust |
Attest: By: /s/ Xxxxxx Xxxxxxx Xxxxxx Xxxxxxx Secretary, Saturna Capital Corporation |
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