Re: Management Agreement with William Blair Funds dated December 15, 1999 (the “Management Agreement”)
April 10, 2013
Xxxxxxx Xxxxx & Company, L.L.C.
000 Xxxx Xxxxx Xxxxxx
Xxxxxxx, XX 00000
| Re: | Management Agreement with Xxxxxxx Xxxxx Funds dated | |
| December 15, 1999 (the “Management Agreement”) |
Ladies and Gentlemen:
Pursuant to Section 2 of the Management Agreement, the Xxxxxxx Xxxxx Funds hereby provide notification of a new series of the Xxxxxxx Xxxxx Funds (the “Trust”) to be called “Xxxxxxx Xxxxx Global Small Cap Growth Fund” (the “New Portfolio”). Attached hereto are Amended Appendix A and B to the Management Agreement to reflect, among other things, the appropriate management fees and initial term end for the New Portfolio and also to reflect name changes for existing series of the Trust.
By signing below, Xxxxxxx Xxxxx & Company, L.L.C. agrees to render the investment advisory and management services to the New Portfolio under the terms of the Management Agreement and amended Appendix A and B attached hereto.
| XXXXXXX XXXXX FUNDS | ||
| By: | /s/ Xxxxxxx X. Xxxxxxxxx | |
| Name: | Xxxxxxx X. Xxxxxxxxx | |
| Title: | Treasurer | |
| Accepted this 10th day of April, 2013. | ||
| XXXXXXX XXXXX & COMPANY, L.L.C. | ||
| By: | /s/ Xxx X. Xxxxxx | |
| Name: | Xxx X. Xxxxxx | |
| Title: | Partner | |
APPENDIX A
MANAGEMENT FEES
Xxxxxxx Xxxxx Growth Fund:
.75% of average daily net assets
Xxxxxxx Xxxxx Large Cap Growth Fund:
.80% of average daily net assets
Xxxxxxx Xxxxx Small Cap Growth Fund:
1.10% of average daily net assets
Xxxxxxx Xxxxx International Growth Fund:
1.10% of the first $250 million of average daily net assets; plus
1.00% of the next $4.75 billion of average daily net assets; plus
0.95% of the next $5 billion of average daily net assets; plus
0.925% of the next $5 billion of average daily net assets; plus
0.90% of the average daily net assets over $15 billion
Xxxxxxx Xxxxx Small Cap Value Fund:
1.10% of average daily net assets
Xxxxxxx Xxxxx Income Fund:
.25% of the first $250 million of average daily net assets; plus
.20% of average daily net assets over $250 million; plus
5.00% of the gross income earned by the Portfolio
Xxxxxxx Xxxxx Ready Reserves Fund:
.275% of the first $250 million of average daily net assets; plus
.250% of the next $250 million of average daily net assets; plus
.225% of the next $2,000 million of average daily net assets; plus
.200% of the average daily net assets over $2,500 million
Xxxxxxx Xxxxx Institutional International Growth Fund:
1.00% of the first $500 million of average daily net assets; plus
0.95% of the next $500 million of average daily net assets; plus
0.90% of the next $1.5 billion of average daily net assets; plus
0.875% of the next $2.5 billion of average daily net assets; plus
0.85% of the next $5 billion of average daily net assets; plus
0.825% of the next $5 billion of average daily net assets; plus
0.80% of the average daily net assets over $15 billion
Xxxxxxx Xxxxx Small-Mid Cap Growth Fund:
1.00% of average daily net assets
Xxxxxxx Xxxxx International Equity Fund:
1.10% of the first $250 million of average daily net assets; plus
1.00% of the average daily net assets over $250 million
Xxxxxxx Xxxxx Institutional International Equity Fund:
1.00% of the first $500 million of average daily net assets; plus
0.95% of the next $500 million of average daily net assets; plus
0.90% of the average daily net assets over $1 billion
Xxxxxxx Xxxxx Emerging Markets Growth Fund:
1.10% of average daily net assets
Xxxxxxx Xxxxx International Small Cap Growth Fund:
1.00% of average daily net assets
Xxxxxxx Xxxxx Mid Cap Growth Fund:
0.95% of average daily net assets
Xxxxxxx Xxxxx Bond Fund:
0.30% of average daily net assets
Xxxxxxx Xxxxx Global Leaders Fund:
1.00% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets Leaders Fund:
1.10% of average daily net assets
Xxxxxxx Xxxxx Low Duration Fund:
0.30% of average daily net assets
Xxxxxxx Xxxxx Mid Cap Value Fund:
0.95% of average daily net assets
Xxxxxxx Xxxxx Large Cap Value Fund:
0.80% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets Small Cap Growth Fund:
1.10% of average daily net assets
Xxxxxxx Xxxxx Macro Allocation Fund:
0.80% of average daily net assets
Xxxxxxx Xxxxx Small-Mid Cap Value Fund:
1.00% of average daily net assets
Xxxxxxx Xxxxx Commodity Strategy Long/Short Fund:
1.40% of average daily net assets
Xxxxxxx Xxxxx International Leaders Fund:
0.95% of average daily net assets
Xxxxxxx Xxxxx Global Small Cap Growth Fund:
1.00% of average daily net assets
APPENDIX B
DATE OF END OF INITIAL TERM
For the Xxxxxxx Xxxxx Growth Fund, the Xxxxxxx Xxxxx International Growth Fund, the Xxxxxxx Xxxxx Small Cap Value Fund, the Xxxxxxx Xxxxx Income Fund and the Xxxxxxx Xxxxx Ready Reserves Fund:
April 30, 2000
For the Xxxxxxx Xxxxx Large Cap Growth Fund and the Xxxxxxx Xxxxx Small Cap Growth Fund:
April 30, 2001
For the Xxxxxxx Xxxxx Institutional International Growth Fund:
April 30, 2004
For the Xxxxxxx Xxxxx Small-Mid Cap Growth Fund:
April 30, 2005
For the Xxxxxxx Xxxxx International Equity Fund and the Xxxxxxx Xxxxx Institutional International Equity Fund:
April 30, 2006
For the Xxxxxxx Xxxxx Emerging Markets Growth Fund, the Xxxxxxx Xxxxx International Small Cap Growth Fund and the Xxxxxxx Xxxxx Mid Cap Growth Fund:
April 30, 2007
For the Xxxxxxx Xxxxx Bond Fund, the Xxxxxxx Xxxxx Global Leaders Fund and the Xxxxxxx Xxxxx Emerging Markets Leaders Fund:
April 30, 2009
For the Xxxxxxx Xxxxx Low Duration Fund:
April 30, 2011
For the Xxxxxxx Xxxxx Mid Cap Value Fund:
April 30, 2012
For the Xxxxxxx Xxxxx Large Cap Value Fund, the Xxxxxxx Xxxxx Emerging Markets Small Cap Growth Fund, the Xxxxxxx Xxxxx Macro Allocation Fund, the Xxxxxxx Xxxxx Small-Mid Cap Value Fund and the Xxxxxxx Xxxxx Commodity Strategy Long/Short Fund:
April 30, 2013
For the Xxxxxxx Xxxxx International Leaders Fund and the Xxxxxxx Xxxxx Global Small Cap Growth Fund:
April 30, 2014
