AMENDMENT TO SUB-ADVISORY AGREEMENT
AMENDMENT TO SUB-ADVISORY AGREEMENT
This amendment (the “Amendment”) is effective as of December 1, 2017, by and between AssetMark, Inc., a California corporation (the “Advisor”), and Wellington Management Company LLP (the “Sub-Advisor”).
WHEREAS the parties entered into a Sub-Advisory Agreement (the “Agreement”) dated October 31, 2016; and
WHEREAS the parties now wish to amend the Agreement, in accordance with Section 12 thereof, as set forth below;
NOW THEREFORE, the parties agree as follows:
1. Exhibit A to the Agreement is hereby deleted and replaced with the following:
EXHIBIT A
BETWEEN ASSETMARK, INC.
AND
WELLINGTON MANAGEMENT COMPANY LLP
Effective December 1, 2017
GuideMark Core Fixed Income Fund (the “Fund”)
If the average daily net assets of the portion of the Fund assigned to the Sub-Advisor (the “Sub-Advised Portion”) are equal to at least $75,000,000, the following fee schedule will apply with respect to the Sub- Advised Portion:
|
|
ANNUAL PERCENTAGE
|
|
ASSETS
|
COMPENSATION
|
|
First $100,000,000
|
0.150 of 1 %
|
|
Over $100,000,000
|
0.120 of 1%
|
If the average daily net assets of the Sub-Advised Portion fall below $75,000,000 solely as a result of withdrawals, the following fee schedule will apply with respect to the Sub-Advised Portion:
ANNUAL PERCENTAGE
COMPENSATION
0.220 of 1%
Except to the extent modified by this Amendment, the remaining provisions of the Agreement shall remain in full force and effect. In the event of a conflict between the provisions of the Agreement and those of this Amendment, the Amendment shall control.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the day and year first written above.
ADVISOR
ASSETMARK, INC.
By: /s/ Xxxxxx X. Xxxxxx
Name: Xxxxxx X. Xxxxxx
Title: Executive Vice-President
SUB-ADVISOR
WELLINGTON MANAGEMENT COMPANY LLP
By: /s/ Xxxxxx Xxxxx
Name: Xxxxxx Xxxxx
Title: Senior Managing Director
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