AMENDMENT TO INVESTMENT SUB-ADVISORY AGREEMENT SEI INSTITUTIONAL INVESTMENTS TRUST
Exhibit 99.B(d)(89)
AMENDMENT TO
INVESTMENT SUB-ADVISORY AGREEMENT
SEI INSTITUTIONAL INVESTMENTS TRUST
THIS AMENDMENT to the Investment Sub-Advisory Agreement for the SEI Institutional Investments Trust (“SI1T”) between Parametric Portfolio Associates LLC (“Parametric”) and SEI Investments Management Corporation, a Delaware corporation (the “Adviser”), is made effective as of the [12 day of January, 2016].
WHEREAS, Parametric and the Adviser previously entered into an Investment Sub-Advisory Agreement dated as of September 30, 2013 (the “Agreement”); and
WHEREAS, the parties desire to amend Section 2 of the Agreement;
NOW, THEREFORE, the parties to this Amendment, intending to be legally bound, agree as follows:
1. Unless otherwise defined herein, capitalized terms shall have the meaning set forth in the Agreement.
2. To the extent that the Agreement conflicts with this Amendment, the Amendment will control.
3. Section 2 of the Agreement is hereby deleted in its entirety and restated as follows:
Additional Duties of the Sub-Adviser as Overlay Manager. Subject to the provisions of Section 1 of this Agreement, the Sub-Adviser shall provide the following additional investment advisory services with respect to the Assets of a Fund for which Sub-Adviser serves as Overlay Manager:
(a) the Adviser shall inform Overlay Manager of the sub-advisers that will make purchase or sale recommendations with respect to the Assets of the Fund and the percentage of the Assets of the Fund that are allocated to each such sub-adviser. The Adviser will also inform Overlay Manager if the Adviser will make purchase or sale recommendations with respect to the Assets of the Fund and the percentage of the Assets of the Fund that are allocated to Adviser. The Adviser shall deliver to Overlay Manager the purchase and sale recommendations of the Adviser and each sub-adviser in the form of model portfolios or otherwise as appropriate, at such times and in such manner as the Adviser deems appropriate.
(b) Overlay Manager shall execute the purchase and sale recommendations of Adviser and each sub-adviser with respect to the portion of the Assets of each Fund allocated to Adviser or such sub-adviser, with discretion to determine the timing and manner of such execution and subject to any guidelines, limitations or restrictions provided by the Adviser in writing.
IN WITNESS WHEREOF, the parties have duly executed this Amendment to the Agreement on the date first above written.
Agreed and Accepted:
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SEI Investments Management Corporation |
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Parametric Portfolio Associates LLC |
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By: |
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By: |
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/s/ Xxxxxxx Xxxxxxxxxx |
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/s/ Xxxxxxxxx X. Xxxxx |
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Name: |
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Name: |
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Xxxxxxx Xxxxxxxxxx |
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Xxxxxxxxx X. Xxxxx |
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Title: |
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Title: |
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Managing Director |
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Chief Administrative Officer |
