Exhibit (d)(10)(ii)
Xxxxxx, Xxxxxx & Company, L.P.
Xxx Xxxxxxxxx Xxxxxx
Xxxxxx, XX 00000
July 1, 2005
Xxxxxx Xxxxxx Funds II
Xxxxxx Xxxxxx Strategic Income Fund
000 Xxxxxxxx Xxxxxx
Xxxxxx, XX 00000
Attn: Xxxxxxx X. Xxxxxx, Treasurer
Re: Xxxxxx Xxxxxx Strategic Income Fund Advisory Agreement Addendum
Dear Xx. Xxxxxx:
The Advisory Agreement dated September 12, 2003 between Xxxxxx Xxxxxx Funds II
(the "Trust"), with respect to its Xxxxxx Xxxxxx Strategic Income Fund (the
"Series"), and Xxxxxx, Xxxxxx & Company, L.P. (the "Adviser") is hereby revised,
effective July 1, 2005, to delete Section 7 and to replace it with the
following:
7. As full compensation for all services rendered, facilities furnished
and expenses borne by the Adviser hereunder, the Trust shall pay the Adviser
compensation at the annual percentage rate of 0.65% of the first $200 million of
the average daily net assets of the Series, 0.60% of the next $1.8 billion of
the average daily net assets of the Series and 0.55% over $2 billion of such
assets, respectively, or such lesser rate as the Adviser may agree to from time
to time. Such compensation shall be payable monthly in arrears or at such other
intervals, not less frequently than quarterly, as the Board of Trustees of the
Trust may from time to time determine and specify in writing to the Adviser. The
Adviser hereby acknowledges that the Trust's obligation to pay such compensation
is binding only on the assets and property belonging to the Series.
To indicate your approval and acceptance of the terms of this letter, please
sign below where indicated.
Xxxxxx, Xxxxxx & Company, L.P.
By: Xxxxxx, Xxxxxx & Company, Inc., its general partner
By: /s/ Xxxxx Charleston
------------------------
Name: Xxxxx Charleston
Title:Director
ACCEPTED AND AGREED TO:
Xxxxxx Xxxxxx Funds II, on behalf of
Xxxxxx Xxxxxx Strategic Income Fund
By: /s/ Xxxxxxx X. Xxxxxx
---------------------------
Xxxxxxx X. Xxxxxx
Title:Treasurer
Date: July 1, 2005
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