Pax World High Yield Fund Inc – ADDENDUM TO INVESTMENT ADVISORY AGREEMENT (April 30th, 2004)
EXHIBIT 4(B) ADDENDUM TO INVESTMENT ADVISORY AGREEMENT Reference is made to the Investment Advisory Agreement dated June 15, 1999 (the "Advisory Agreement") between Pax World Management Corp. (the "Adviser") and Pax World High Yield Fund, Inc. (the "Fund"). Notwithstanding anything to the contrary contained in the Advisory Agreement, with respect to the Institutional Class of shares of the Fund, the Adviser shall supply and pay for such services as are deemed by the Directors of the Fund to be necessary or desirable and proper for the continuous operation of the Fund (excluding all taxes and charges of governmental agencies and brokerage commissions incurred in connection with portfolio transactions) which are in excess of one and fifteen hundredths percent (1.15%) of the average net asset value of the Institutional Class of the Fund per annum.
Pax World High Yield Fund Inc – Investment Advisory Agreement (July 1st, 1999)
Exhibit 4 PAX WORLD HIGH YIELD FUND, INC. 222 STATE STREET PORTSMOUTH, NH 03801 __________, 1999 Pax World Management Corp. 222 State Street Portsmouth, NH 03801 Investment Advisory Agreement Ladies and Gentlemen: The undersigned, Pax World High Yield Fund, Inc. (the "Fund"), is an investment company registered under the Investment Company Act of 1940, as amended (the "Investment Company Act"). The Fund is an open-end diversified management investment company, as defined in the Investment Company Act, and invests and reinvests its assets in a portfolio of investments. The Fund hereby engages you, Pax World Management Corp. (the "Adviser"), to act as its investment adviser and financial agent, subject to the terms and conditions herein set forth. S