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EXHIBIT (D)(V)
May 15, 2000
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")
To Whom It May Concern:
Pursuant to Section 2 of the Management Agreement, we are hereby
providing notification of a new series of the Xxxxxxx Xxxxx Funds to be called
"Xxxxxxx Xxxxx Millennium Fund" (the "New Portfolio"). Attached hereto are
amended Appendix A and B to the Management Agreement to reflect the appropriate
management fees and initial term end for the New Portfolio.
By acknowledging below, you agree to render the investment advisory and
management services to the New Portfolio under the terms of the Management
Agreement and the amended Appendix A and B attached hereto.
XXXXXXX XXXXX FUNDS
By:____________________________________
Name: _________________________________
Its: __________________________________
Accepted this 15th day of May, 2000.
XXXXXXX XXXXX & COMPANY, L.L.C.
By: _________________________________
Name: ______________________________
Its: _________________________________
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APPENDIX A
MANAGEMENT FEES
Xxxxxxx Xxxxx Growth Fund:
.75% of average daily net assets
Xxxxxxx Xxxxx Tax-Managed Growth Fund:
.80% 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 average daily net assets over $250 million
Xxxxxxx Xxxxx Emerging Markets Growth Fund:
1.40% of average daily net assets
Xxxxxxx Xxxxx Disciplined Large Cap Fund:
.80% of average daily net assets
Xxxxxxx Xxxxx Value Discovery Fund:
1.15% of average daily net assets
Xxxxxxx Xxxxx Millennium 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
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APPENDIX B
DATE OF END OF INITIAL TERM
For the Xxxxxxx Xxxxx Growth Fund, the Xxxxxxx Xxxxx International Growth Fund,
the Xxxxxxx Xxxxx Emerging Markets Growth Fund, the Xxxxxxx Xxxxx Value
Discovery Fund, the Xxxxxxx Xxxxx Income Fund and the Xxxxxxx Xxxxx Ready
Reserves Fund:
April 30, 2000
For the Xxxxxxx Xxxxx Tax-Managed Growth Fund, the Xxxxxxx Xxxxx Large Cap
Growth Fund, the Xxxxxxx Xxxxx Small Cap Growth Fund and the Xxxxxxx Xxxxx
Disciplined Large Cap Fund:
April 30, 2001
For the Xxxxxxx Xxxxx Millennium Fund:
April 30, 2002
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