LETTER AGREEMENT
LETTER AGREEMENT
September 1, 2010
Xx. Xxxxxx Xxxxxxxxx
President and Chief Executive Officer
Xxxxxxx Fund Services Company
000 X Xxxxxx
Xxxxxx, XX 00000
Re: | Amended and Restated Administrative Agreement – Section 6.A Manager Compensation |
This letter agreement amends the Amended and Restated Administrative Agreement (the “Agreement”) dated January 1, 2008 between Xxxxxxx Investment Company (“RIC”) and Xxxxxxx Fund Services Company (“RFSC”). RIC and RFSC desire to amend and restate Section 6.A of the Agreement as follows:
6. | Compensation of the Manager. |
A. | As consideration for the Manager’s services to the following Sub-Trusts, the Manager shall receive from each of these Sub-Trusts an annual management fee, accrued daily at the rate of 1/365th of the applicable management fee and payable following the last day of each month, of the following annual percentages of each Sub-Trust’s average daily net assets during the month: |
Xxxxxxx U.S. Core Equity |
0.05 | % | ||
Xxxxxxx Quantitative Equity |
0.05 | % | ||
Xxxxxxx U.S. Growth |
0.05 | % | ||
Xxxxxxx U.S. Value |
0.05 | % | ||
Xxxxxxx U.S. Small & Mid Cap |
0.05 | % | ||
Xxxxxxx International Developed Markets |
0.05 | % | ||
Xxxxxxx Global Equity |
0.05 | % | ||
Xxxxxxx Emerging Markets |
0.05 | % | ||
Xxxxxxx Xxxxx Duration Bond |
0.05 | % | ||
Xxxxxxx Tax-Managed U.S. Large Cap |
0.05 | % | ||
Xxxxxxx Tax-Managed U.S. Mid & Small Cap |
0.05 | % | ||
Xxxxxxx Strategic Bond |
0.05 | % | ||
Xxxxxxx Investment Grade Bond |
0.05 | % | ||
Xxxxxxx Tax Exempt Bond |
0.05 | % | ||
Xxxxxxx Real Estate Securities |
0.05 | % | ||
Xxxxxxx Commodity Strategies |
0.05 | % | ||
Xxxxxxx Global Credit Strategies |
0.05 | % | ||
Xxxxxxx Global Infrastructure |
0.05 | % | ||
Xxxxxxx Money Market |
0.05 | % | ||
Conservative Strategy |
0.05 | % | ||
Moderate Strategy |
0.05 | % |
Balanced Strategy |
0.05 | % | ||
Growth Strategy |
0.05 | % | ||
Equity Growth Strategy |
0.05 | % | ||
Growth Strategy |
0.05 | % | ||
2010 Strategy |
0.00 | % | ||
2015 Strategy |
0.00 | % | ||
2020 Strategy |
0.00 | % | ||
2025 Strategy |
0.00 | % | ||
2030 Strategy |
0.00 | % | ||
2035 Strategy |
0.00 | % | ||
2040 Strategy |
0.00 | % | ||
2045 Strategy |
0.00 | % | ||
2050 Strategy |
0.00 | % | ||
2055 Strategy |
0.00 | % | ||
In Retirement |
0.05 | % | ||
2017 Retirement Distribution – A Shares |
0.05 | % | ||
2017 Retirement Distribution – S Shares |
0.05 | % | ||
2017 Accelerated Distribution – A Shares |
0.05 | % | ||
2017 Accelerated Distribution – S Shares |
0.05 | % | ||
2027 Extended Distribution – A Shares |
0.05 | % | ||
2027 Extended Distribution – S Shares |
0.05 | % | ||
Xxxxxxx Tax-Managed Global Equity |
0.05 | % |
If this agreement is acceptable to you, please sign below to indicate your acceptance and agreement.
Sincerely,
XXXXXXX INVESTMENT COMPANY
By: | /s/ Xxxx X. Xxxxxxx | |
Xxxx X. Xxxxxxx | ||
Treasurer and Chief Accounting Officer |
Accepted and Agreed:
XXXXXXX FUND SERIVES COMPANY
By: | /s/ Xxxxxx Xxxxxxxxx | |
Xxxxxx Xxxxxxxxx | ||
President and Chief Executive Officer |