Re: Management Agreement with William Blair Funds dated December 15, 1999 (the “Management Agreement”)
| April 28, 2023 |
Xxxxxxx Xxxxx Investment Management, LLC
000 Xxxxx Xxxxxxxxx Xxxxx
Chicago, IL 60606
| Re: | Management Agreement with Xxxxxxx Xxxxx Funds dated December 15, 1999 (the “Management Agreement”) |
Ladies and Gentlemen:
Pursuant to Section 7 of the Management Agreement, Xxxxxxx Xxxxx Investment Management, LLC proposes to amend the Management Agreement to reduce the management fee for the Funds below effective May 1, 2023 as follows:
| FROM: | TO: | |
| Xxxxxxx Xxxxx Xxxxx-Mid Cap Growth Fund 1.00% of average daily net assets |
0.94% of average daily net assets | |
| Xxxxxxx Xxxxx Small Cap Growth Fund 1.10% of average daily net assets |
0.94% of average daily net assets | |
Attached hereto is Appendix A to the Management Agreement to reflect the revised management fees.
By signing below, Xxxxxxx Xxxxx Investment Management, LLC acknowledges that this amendment to the Management Agreement may be enforced against it.
| XXXXXXX XXXXX FUNDS | ||
| By: /s/ Xxxx X. Xxxxxx | ||
| Name: Xxxx X. Xxxxxx | ||
| Title: Treasurer, Xxxxxxx Xxxxx Funds | ||
| Accepted this 28th day of April, 2023. | ||
| XXXXXXX XXXXX INVESTMENT MANAGEMENT, LLC | ||
| By: /s/ Xxxxxx Xxxxxxx | ||
| Name: Xxxxxx Xxxxxxx | ||
| Title: Partner | ||
APPENDIX A
MANAGEMENT FEES
Xxxxxxx Xxxxx China Growth Fund:
0.94% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets Debt Fund:
0.65% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets ex China Growth Fund:
0.94% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets Growth Fund:
0.94% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets Leaders Fund:
0.94% of average daily net assets
Xxxxxxx Xxxxx Emerging Markets Small Cap Growth Fund:
1.10% of average daily net assets
Xxxxxxx Xxxxx Global Leaders Fund:
0.85% of average daily net assets
Xxxxxxx Xxxxx Growth Fund:
0.75% of average daily net assets
Xxxxxxx Xxxxx Institutional International Growth Fund:
0.94% of the first $1.875 billion of average daily net assets;
0.90% of the next $625 million of average daily net assets;
0.875% of the next $2.5 billion of average daily net assets;
0.85% of the next $5 billion of average daily net assets;
0.825% of the next $5 billion of average daily net assets;
0.80% of average daily net assets over $15 billion
Xxxxxxx Xxxxx International Growth Fund:
0.94% on the first $3 billion of average daily net assets;
0.90% of the next $2 billion of average daily net assets;
0.85% of the next $5 billion of average daily net assets;
0.825% of the next $5 billion of average daily net assets;
0.80% of average daily net assets over $15 billion
Xxxxxxx Xxxxx International Leaders Fund:
0.85% of average daily net assets
Xxxxxxx Xxxxx International Small Cap Growth Fund:
1.00% of average daily net assets
Xxxxxxx Xxxxx Large Cap Growth Fund:
0.60% of average daily net assets
Xxxxxxx Xxxxx Mid Cap Growth Fund:
0.90% of average daily net assets
Xxxxxxx Xxxxx Mid Cap Value Fund:
0.70% of average daily net assets
Xxxxxxx Xxxxx Small Cap Growth Fund:
0.94% of average daily net assets
Xxxxxxx Xxxxx Small Cap Value Fund:
0.75% of average daily net assets
Xxxxxxx Xxxxx Xxxxx-Mid Cap Core Fund:
0.90% of average daily net assets
Xxxxxxx Xxxxx Small-Mid Cap Growth Fund:
0.94% of average daily net assets
