AMENDMENT TO SUB-ADVISORY AGREEMENT Pacific Capital Growth Stock Fund Pacific Capital Growth and Income Fund Pacific Capital Value Fund
Exhibit (d-22)
AMENDMENT TO
SUB-ADVISORY AGREEMENT
Pacific Capital Growth Stock Fund
Pacific Capital Growth and Income Fund
Pacific Capital Value Fund
SUB-ADVISORY AGREEMENT
Pacific Capital Growth Stock Fund
Pacific Capital Growth and Income Fund
Pacific Capital Value Fund
THIS AMENDMENT TO SUB-ADVISORY AGREEMENT is made as of April 1, 2008 among Pacific Capital
Funds, a Massachusetts business trust (the “Trust”), the Asset Management Group of Bank of Hawaii
(the “Adviser”), and Chicago Equity Partners, LLC (the “Sub-Adviser”).
WHEREAS, the parties have entered into a Sub-Advisory Agreement dated as of June 29, 2007
(the “Sub-Advisory Agreement”) with respect to the Pacific Capital Growth Stock Fund, Pacific
Capital Growth and Income Fund, and Pacific Capital Value Fund series of the Trust (each a “Fund”
and collectively, the “Funds”); and
WHEREAS, the parties wish to revise the Sub-Advisory Agreement in certain respects;
NOW, THEREFORE, for good and valuable consideration, the parties agree that the portion of
Schedule A to the Sub-Advisory Agreement regarding the compensation payable with respect to the
Funds is hereby amended to read as follows:
• | 0.25% of the average daily net assets of each Fund on the first $500 million of combined assets of the Funds. | ||
• | 0.20% of the average daily net asset of each Fund on the combined assets of the Funds in excess of $500 million. |
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be executed by their
officers designated below as of the date set forth above.
Dated: April 15, 2008
PACIFIC CAPITAL FUNDS |
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By:
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/s/ Xxxxxx X. Xxxxxxx | |
Name:
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Xxxxxx X. Xxxxxxx | |
Title:
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President | |
ASSET MANAGEMENT GROUP OF BANK OF HAWAII | ||
By:
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/s/ Xxxx Xxxxxx | |
Name:
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Xxxx Xxxxxx | |
Title:
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Sr. Executive Vice President | |
CHICAGO EQUITY PARTNERS, LLC |
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By:
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/s/ Xxxxxxx Xxxxx | |
Name:
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Xxxxxxx Xxxxx | |
Title:
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President | |