Contract
EX-99d.8.i
AMENDMENT TO THE SUB-ADVISORY AGREEMENT
THIS AMENDMENT (“Amendment”) to the Sub-Advisory Agreement (“Agreement”) dated August 16, 2006, by and between Mercer Global Investments, Inc., a Delaware corporation (the “Advisor”), and Lazard Asset Management LLC, a Delaware limited liability company (the “Sub-Adviser”), is made effective as of the 1st day of July, 2009.
RECITALS
WHEREAS, the Agreement provides that the parties may mutually agree to supplement or amend any provision of the Agreement; and
WHEREAS, the Sub-Adviser manages certain investments on behalf of the MGI Funds (the “Trust”) under the Agreement, as amended, with respect to the following Fund:
MGI Non-US Core Equity Fund, a series of the MGI Funds; and
WHEREAS, the Sub-Adviser and Advisor wish to amend the Agreement:
AGREEMENT
NOW THEREFORE, in consideration of the promises and mutual agreements set forth herein, the parties hereby agree to amend the Agreement, as follows:
|
1.
|
Exhibit A, the Fee Schedule of the Agreement is hereby deleted in its entirety and replaced with Exhibit A to this Amendment: and
|
2. All other terms and provisions of the Agreement shall remain in full force and effect, except as modified hereby.
|
Mercer Global Investments, Inc.
|
Lazard Asset Management LLC
|
|
By: /s/Xxxxx Xxxxxx
Name: Xxxxx Xxxxxx
Title: Chief Investment Officer
|
By: /s/Xxxxxxx X. Xxxxxxx
Name: Xxxxxxx X. Xxxxxxx
Title: Deputy Chairman
|
EXHIBIT A
BETWEEN
MERCER GLOBAL INVESTMENTS, INC.
AND
LAZARD ASSET MANAGEMENT LLC
Effective Date: July 1, 2009
MGI NON-US CORE EQUITY FUND
FEE SCHEDULE
The fees for investment management services provided by the Sub-Advisor are based upon the value of the Sub-Advisor Assets under management and calculated as follows:
ASSETS COMPENSATION
First $50 million 0.75%
on the next $150 million 0.70%
over $200 million 0.60%
Global Fee Arrangement: The parties hereto agree that, unless restricted by law or regulation, the fee schedule set forth herein shall apply to all “relationship assets” relating to portfolios of Xxxxxx Global Investments, Inc. and Mercer Global Investments Canada Limited (together, “MGI”) managed by the Sub-Advisor and each of its advisory subsidiaries. For the purpose of determining “relationship assets,” all Emerging Markets Equity Strategy portfolios managed by the Sub-Advisor and its advisory subsidiaries worldwide for MGI (collectively, “Sub-Advisors Assets”) will be added together and applied against the fee schedule set forth herein.
