AMENDMENT No. 1 TO INVESTMENT MANAGEMENT AGREEMENT
AMENDMENT No. 1 TO INVESTMENT MANAGEMENT AGREEMENT
THIS AMENDMENT No. 1 (“Amendment”) to the Investment Agreement (“Agreement”) dated July 1, 2005 by and between Mercer Global Investments, Inc. (now known as Mercer Investment Management, Inc.), a Delaware Corporation (the “Advisor”) and MGI Funds (now known as Mercer Funds) (the “Trust”) is made effective as of the 23rd day of September 2011.
WHEREAS, the Board of Trustees of the Trust (the “Board”) approved that the MGI Funds be named as the “Mercer Funds” and each of the existing series of the Trust (the “Series”) be redesignated with the “Mercer” name; and
1.
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The Trust hereby employs the Advisor generally to manage the investment and reinvestment of the assets of each Fund listed on Schedule A hereto and the Advisor accepts such employment.
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2.
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The Advisor and the Trust acknowledge that all of its representations and warranties contained in the Agreement are true and correct as of the date hereof.
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3.
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Schedule A of the Agreement is hereby deleted in its entirety and replaced with Schedule A to this Amendment.
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4.
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All other terms and provisions of the Agreement shall remain in full force and effect, except as modified hereby.
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XXXXXX INVESTMENT MANAGEMENT, INC.
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By: /s/ Xxxxxx Xxxxxx
Name: Xxxxxx Xxxxxx
Title: President
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By: /s/ Xxxx Xxxxxx
Name: Xxxx Xxxxxx
Title: Vice President, Treasurer and
Chief Financial Officer
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Schedule A
as amended September 23, 2011
Investment Advisory Fee
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Series
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Assets Up to
$750 Million
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Assets in Excess of
$750 Million
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Xxxxxx US Large Cap Growth Equity Fund
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0.55 of 1%
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0.53 of 1%
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Xxxxxx US Large Cap Value Equity Fund
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0.53 of 1%
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0.51 of 1%
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Xxxxxx US Small/Mid Cap Growth Equity Fund
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0.90 of 1%
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N/A
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Xxxxxx US Small/Mid Cap Value Equity Fund
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0.90 of 1%
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N/A
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Xxxxxx Non-US Core Equity Fund
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0.75 of 1%
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0.73 of 1%
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Xxxxxx Emerging Markets Equity Fund
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0.80 of 1%
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N/A
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Mercer Core Opportunistic Fixed Income Fund
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0.35 of 1%
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0.33 of 1%
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Xxxxxx US Short Maturity Fixed Income Fund
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0.25 of 1%
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0.23 of 1%
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