AMENDMENT TO SUB-ADVISORY AGREEMENT
AMENDMENT TO SUB-ADVISORY AGREEMENT
THIS AMENDMENT is entered into as of June 1, 2019 to amend the SUB-ADVISORY AGREEMENT (the “Agreement”) dated September 8, 2015 by and between Xxxxxx LLC, formerly known as Xxxxxx Associates Inc., a California limited liability corporation with its principal place of business at 000 Xxxxxxxxxx Xxxxxx, Xxxxx 000, Xxx Xxxxxxxxx, XX 00000-0000 (the “Adviser”), and AQR Capital Management, LLC a Delaware limited liability company with its principal place of business at Two Xxxxxxxxx Xxxxx, Xxxxxxxxx, XX 00000 (the “Sub-Adviser” or “AQR”).
WHEREAS, pursuant to authority granted to the Adviser by the Board of Trustees (the “Board”) of THE KP FUNDS (the “Trust”) on behalf of the series set forth on Schedule A to the Agreement (the “Fund”) and pursuant to the provisions of the Investment Advisory Agreement dated as of December 18th, 2013 between the Adviser and the Fund (the “Management Agreement”), the Adviser has selected the Sub-Adviser to act as sub-investment adviser of the Fund and to provide certain related services, as more fully set forth in the Agreement;
1. The Schedule A attached to this Amendment hereby replaces the current Schedule A to the Agreement.
XXXXXX LLC | ||
By: | /s/ Xxxxxxx X. Xxxx | |
Name: | Xxxxxxx X. Xxxx | |
Title: | Senior Vice President |
AQR CAPITAL MANAGEMENT, LLC | ||
By: | /s/ Xxxxxx XxxXxxx | |
Name: | Xxxxxx XxxXxxx | |
Title: | Senior Counsel & Head of Registered Products |
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SCHEDULE A
to the
as amended effective June 1, 2019 between
XXXXXX LLC
(formerly known as Xxxxxx Associates Inc.)
and
AQR CAPITAL MANAGEMENT, LLC
Each Fund will pay to the Sub-Adviser as compensation for the Sub-Adviser’s services rendered, a fee, computed daily at the annual rate below based on the average daily net assets of the respective portion of the Fund (or “Assets” as defined in this Agreement) as may be allocated by the Adviser to the Sub-Adviser from time to time under the following fee schedule:
KP Large Cap Equity Fund | Rate |
[Redacted]
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