AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
Exhibit (d-3)
AMENDMENT TO
WHEREAS, Xxxx Xxxxx Management, Inc. and The Xxxxx Portfolios (the “Trust”) entered into an investment advisory agreement dated January 17, 2007 (as amended, supplemented and/or restated to date, the “Agreement”) to provide certain investment advisory services to the Trust and each of its series (the “Portfolios”); and
WHEREAS, effective October 1, 0000, Xxxx Xxxxx Management, Inc. converted from a New York corporation to a Delaware limited liability company and changed its name to “Xxxx Xxxxx Management, LLC” (“Xxxxx Management”); and
WHEREAS, the Trust and Xxxxx Management desire to update Schedule I of the Agreement to reflect changes in the names of certain Portfolios;
NOW THEREFORE, in consideration of the promises and mutual covenants contained herein, the parties hereby amend the Agreement as follows:
1. All references in the Agreement to “Xxxx Xxxxx Management, Inc.” are hereby deleted and replaced with “Xxxx Xxxxx Management, LLC”. None of the terms or provisions of the Agreement shall be affected by this change in legal entity.
2. Schedule I of the Agreement is hereby deleted in its entirety and replaced with Schedule I as attached and incorporated by reference to this amendment.
3. Except as otherwise provided herein, the terms and conditions contained in the Agreement shall remain in full force and effect. Capitalized terms herein that are not defined shall have the meanings ascribed to them in the Agreement.
IN WITNESS WHEREOF, the parties by their duly authorized officers, have caused this Amendment to be executed as of September 29, 2020.
| THE XXXXX PORTFOLIOS |
XXXX XXXXX MANAGEMENT, LLC | |||||||
| By: |
/s/ Xxxx Xxxxx |
By: |
/s/ Xxxx Xxxxx | |||||
| Name: |
Xxxx Xxxxx |
Name: |
Xxxx Xxxxx | |||||
| Title: |
Secretary, CCO |
Title: |
SVP, General Counsel, CCO | |||||
SCHEDULE I
| Name of Portfolio | Annual Fee as Percentage of Average Daily Net Assets |
Reapproval Date | ||
| Xxxxx Small Cap Growth Portfolio | .81% for assets up to $1 billion; .75% for assets in excess of $1 billion
|
October 31 | ||
| Xxxxx Mid Cap Growth Portfolio | .76% for assets up to $1 billion; .70% for assets in excess of $1 billion
|
October 00 | ||
| Xxxxx Large Cap Growth Portfolio | .71% for assets up to $1 billion; .60% for assets in excess of $1 billion
|
October 00 | ||
| Xxxxx Growth & Income Portfolio | .50%
|
October 00 | ||
| Xxxxx Capital Appreciation Portfolio | .81% for assets up to $2 billion; .65% for assets between $2 billion and $3 billion; .60% for assets between $3 billion and $4 billion; .55% for assets between $4 billion and $5 billion; .45% for assets in excess of $5 billion
|
October 00 | ||
| Xxxxx Balanced Portfolio | .71% for assets up to $1 billion; .55% for assets in excess of $1 billion
|
October 00 | ||
| Xxxxx Xxxxxxxxxx Specialized Growth Portfolio | .81% for assets up to $1 billion; .75% for assets in excess of $1 billion
|
October 31 |
