GOLDMAN SACHS ASSET MANAGEMENT, L.P. AMENDMENT TO THE SUB-ADVISORY AGREEMENT BETWEEN GOLDMAN SACHS ASSET MANAGEMENT, L.P. and DIVIDEND ASSETS CAPITAL, LLC
Exhibit (d)(11)
XXXXXXX XXXXX ASSET MANAGEMENT, L.P.
AMENDMENT TO THE SUB-ADVISORY AGREEMENT
BETWEEN
XXXXXXX SACHS ASSET MANAGEMENT, L.P.
and
DIVIDEND ASSETS CAPITAL, LLC
XXXXXXX XXXXX RISING DIVIDEND GROWTH FUND
This amendment to the Sub-Advisory Agreement (as defined below) is hereby made as of the 30th day of June, 2014 (the “Amendment”) between XXXXXXX SACHS ASSET MANAGEMENT, L.P. (“Investment Manager”) and DIVIDEND ASSETS CAPITAL, LLC (“Sub-Adviser”).
WHEREAS, the Investment Manager and the Sub-Adviser are parties to a sub-advisory agreement, dated as of February 27, 2012 (“Sub-Advisory Agreement”); and
WHEREAS, the parties hereby wish to amend the Sub-Advisory Agreement to reflect a revised schedule of fees for compensation to the Sub-Adviser.
NOW, THEREFORE, the parties agree as follows:
| (i) | effective July 1, 2014, Annex A is hereby amended by deleting it in its entirety and replacing it with the Annex A attached hereto. |
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their respective duly authorized officers to execute this Amendment.
| XXXXXXX XXXXX ASSET MANAGEMENT, L.P. | ||
| By: | /s/ Xxxxxx Xxxx | |
| Xxxxxx Xxxx | ||
| Managing Director | ||
| DIVIDEND ASSETS CAPITAL, LLC | ||
| By: | /s/ C. Xxxx Xxxxxx Xx. | |
| C. Xxxx Xxxxxx Xx. | ||
| President and Chief Executive Officer | ||
Annex A
to
Sub-Advisory Agreement between
Xxxxxxx Sachs Asset Management, L.P. and
Dividend Assets Capital, LLC
Pursuant to Section 3 of the attached Sub-Advisory Agreement between Xxxxxxx Xxxxx Asset Management, L.P. (the “Investment Manager”) and Dividend Assets Capital, LLC (the “Sub-Adviser”) with respect to the Xxxxxxx Sachs Rising Dividend Growth Fund (the “Fund”), the Investment Manager shall pay the Sub-Adviser, in arrears, each calendar quarter a fee equal to the following annual percentage rates of the average daily net assets of the Fund (as defined in said Section 3).
Annual Percentage Rate
0.200% on first $1 billion
0.181% on next $1 billion
0.171% on next $3 billion
0.168% on next $3 billion
0.165% over $ 8 billion
Annex A-1
