SUB-ADVISORY AGREEMENTSub-Advisory Agreement • February 27th, 2023 • Delaware Group Adviser Funds
AGREEMENT made by and between DELAWARE MANAGEMENT COMPANY, a series of Macquarie Investment Management Business Trust, a Delaware statutory trust (the “Investment Manager”), and Macquarie Investment management EUROPE LIMITED (the “Sub-Adviser’’).
AMENDMENT NO. 2 TO SCHEDULE 1 OF THE SUB-ADVISORY AGREEMENTSub-Advisory Agreement • February 27th, 2023 • Delaware Group Adviser Funds
THIS AMENDMENT NO. 2 to SCHEDULE 1 dated 12 November. 2021 to the Sub-Advisory Agreement dated with effect from May 30, 2019 (the “Agreement”) between DELAWARE MANAGEMENT COMPANY, a series of Macquarie Investment Management Business Trust (the “Investment Manager”), and MACQUARIE INVESTMENT MANAGEMENT EUROPE LIMITED (the “Sub-Adviser”), amends the list of Trusts and Funds for which the Sub-Adviser provides investment sub-advisory services pursuant to the Agreement.
Delaware Management CompanyExpense Limitation Agreement • February 27th, 2023 • Delaware Group Adviser Funds
By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, Delaware Management Company, a series of Macquarie Investment Management Business Trust (the “Manager”), agrees that in order to improve the performance of Delaware Diversified Income Fund (the “Fund”), a series of Delaware Group Adviser Funds, the Manager shall waive all or a portion of its investment advisory fees and/or pay/reimburse expenses (excluding any 12b-1 fees, acquired fund fees and expenses, taxes, interest, short sale dividend and interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, and liquidations (collectively, the “Excluded Expenses”)) in an aggregate amount equal to the amount by which the Fund’s total annual fund operating expenses (excluding any Excluded Expenses) exceed the percentages set forth below for the period f
