AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENT
This Amendment to the Investment Management Agreement, dated
as of April 28, 1999 (as amended, the "Agreement"), between
Xxxxx Xxxxxx Investment Funds Inc. (the "Corporation"), on
behalf of its series, Xxxxx Xxxxxx Premier Selections Fund,
and SSBC Fund Management Inc is entered into by and between
the Corporation, on behalf of Xxxxx Xxxxxx Multiple Discipline
Funds Large Cap Growth and Value Fund (the "Fund"), and
Xxxxx Xxxxxx Fund Management LLC (the "Adviser") as of the
1st day of October, 2005. Defined terms used herein and not
otherwise defined herein shall have the meanings assigned to
such terms in the Agreement.
WHEREAS, the Adviser is the successor to SSBC Fund Management
Inc; and
WHEREAS, the name of Xxxxx Xxxxxx Premier Selections Fund has
been changed to Xxxxx Xxxxxx Multiple Discipline Funds Large
Cap Growth and Value Fund; and
WHEREAS, the Board of Directors of the Corporation [and the
Fund] has voted to decrease the compensation payable under the
Agreement; and
WHEREAS, the Corporation, on behalf of the Fund, and the Adviser
desire to amend the Agreement to reflect the decreased advisory
fee;
NOW, THEREFORE, the parties hereto, intending to be legally bound,
hereby agree as follows:
1. Section 3 of the Agreement is deleted in its entirety and
replaced with the following:
3. Compensation.
In consideration of the services rendered pursuant to this Agreement,
the Corporation will pay the Adviser on the first business day of
each month a fee for the previous month at an annual rate according
to the following schedule:
Average Daily Net Assets Rate of Advisory Fee
First $ 1 billion . . . . . . . . . . . . . . 0.750%
Next $ 1 billion . . . . . . . . . . . . . . . 0.725%
Next $ 3 billion . . . . . . . . . . . . . . . 0.700%
Next $ 5 billion . . . . . . . . . . . . . . . 0.675%
Over $10 billion . . . . . . . . . . . . . . . .0.650%
Upon any termination of this Agreement before the end of a month, the
fee for such part of that month shall be prorated according to the
proportion that such period bears to the full monthly period and shall
be payable upon the date of termination of this Agreement. For the
purpose of determining fees payable to the Adviser, the value of the
Fund's net assets shall be computed at the times and in the manner
specified in the Prospectus and/or the Statement, as from time to time
in effect.
2. Except as amended herein, all the provisions of the Agreement
shall remain unchanged and in full force and effect.
IN WITNESS WHEREOF, the parties have caused their duly authorized
representatives to execute this Amendment to the Agreement as of
October 1, 2005.
XXXXX XXXXXX FUND MANAGEMENT LLC XXXXX XXXXXX INVESTMENT FUNDS INC
By: ____________________________ By: ____________________________
Name: R. Xxx Xxxxxx Name: R. Xxx Xxxxxx
Title:Chairman, President and Chief Title: Chairman of the Board,President
Executive Officer and Chief Executive Officer
