AMENDMENT TO SUBADV1SORY AGREEMENT Davis Selected Advisers, L.P.
AMENDMENT
TO SUBADV1SORY AGREEMENT
Xxxxx Selected Advisers, L.P.
Xxxxx Selected Advisers, L.P.
AMENDMENT made as of this 30th day of April 2005 to the Subadvisory Agreement
dated April 30, 2001 (the “Agreement”), between Xxxx Xxxxxxx Investment Management Services, LLC
(formerly, Manufacturers Securities Services, LLC), a Delaware limited partnership (the
“Adviser”), and Xxxxx Selected Advisers, L.P, a Colorado limited partnership (the “Subadviser”).
In consideration of the mutual covenants contained herein, the parties agree as follows:
1. CHANGE IN APPENDIX A
Appendix A of the Agreement, “Compensation of Subadviser,” is hereby amended as noted below.
2. ADDITION OF NEW SECTION
CONFIDENTIALITY OF TRUST PORTFOLIO HOLDINGS
The Subadviser agrees to treat Trust portfolio holdings as confidential information
in accordance with the Trust’s “Policy Regarding Disclosure of Portfolio Holdings,” as
such policy may be amended from time to time, and to prohibit its employees from trading
on any such confidential information.
3. EFFECTIVE DATE
This Amendment shall become effective on the later to occur of: (i) approval of the Amendment
by the Board of Trustees of Manufacturers Investment Trust and (ii) execution of the Amendment.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed under seal by
their duly authorized officers as of the date first mentioned above.
Xxxx Xxxxxxx Investment Management Services, LLC
By: Xxxx Xxxxxxx Life Insurance Company (U.S.A.), its managing member
By: Xxxx Xxxxxxx Life Insurance Company (U.S.A.), its managing member
By:
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/s/Xxxxx X. Xxxxxxxxx
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Xxxxx X. Xxxxxxxxx, Vice President, | ||||
Secretary and General Counsel | ||||
Xxxxx Selected Advisers, L.P. | ||||
By:
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/s/Xxxxxxx X. Xxxx
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Xxxxxxx X. Xxxx, | ||||
Chief Operating Officer |
APPENDIX A
The Subadviser shall serve as investment subadviser for the following portfolio of the Trust.
The Adviser will pay the Subadviser, as full compensation for all services provided under this
Agreement, the fee computed separately for each such Portfolio at an annual rate as follows (the
“Subadviser Percentage Fee”):
Between | ||||||
$ 50,000,000 | ||||||
First | and | Excess over | ||||
Portfolio | S50,000,000 | $500,000,000 | $500,000,000 | |||
Fundamental Value Trust
an authorized portfolio
of Manufacturers
Investment Trust |
Between | ||||||
$ 50,000,000 | ||||||
First | and | Excess over | ||||
Portfolio | S50,000,000 | $500,000,000 | $500,000,000 | |||
Financial Services Trust
an authorized portfolio
of Manufacturers
Investment Trust |
The Subadviser Percentage Fee for each Portfolio shall be accrued for each calendar day and
the sum of the daily fee accruals shall be paid monthly to the Subadviser. The daily fee accruals
will be computed by multiplying the fraction of one over the number of calendar days in the year
by the applicable annual rate described in the preceding paragraph, and multiplying this product
by the net assets of the Portfolio as determined in accordance with the Trust’s prospectus and
statement of additional information as of the close of business on the previous business day on
which the Trust was open for business.
If this Agreement becomes effective or terminates before the end of any month, the fee (if
any) for the period from the effective date to the end of such month or from the beginning of such
month to the date of termination, as the case may be, shall be prorated according to the proportion
which such period bears to the full month in which such effectiveness or termination occurs.