AMENDMENT TO THE AMENDED AND RESTATED INVESTMENT MANAGEMENT AGREEMENT
AMENDMENT TO THE AMENDED AND RESTATED
INVESTMENT MANAGEMENT AGREEMENT
This Amendment dated as of May 1, 2023, is to the Amended and Restated Investment Management Agreement dated December 29, 2017, and amended May 13, 2020 (the “Agreement”) by and between XXXXXXXXX GLOBAL ADVISORS LIMITED, (hereinafter referred to as the “Manager”), and XXXXXXXXX GLOBAL INVESTMENT TRUST (hereinafter referred to as the “Trust”), on behalf of Xxxxxxxxx Global Balanced Fund (the “Fund”).
WITNESSETH:
WHEREAS, both the Manager and the Trust wish to amend Paragraph 4 of the Agreement; and
WHEREAS, the Board of Trustees of the Trust, including a majority of the Independent Trustees of the Trust, approved the following amendment at a meeting called for such purpose on March 27, 2023.
NOW, THEREFORE, in consideration of the foregoing premises, the parties hereto agree that Paragraph (4) of the Agreement is removed and replaced with the following:
(4) The Fund agrees to pay to the Manager a monthly fee in dollars at an annual rate of the daily net assets of the Fund, as listed below, during the month preceding each payment, payable at the end of each calendar month:
0.725%, up to and including $500 million;
0.625% over $500 million, up to and including $1 billion;
0.575% over $1 billion, up to and including $1.5 billion;
0.525% over $1.5 billion, up to and including $6.5 billion;
0.500% over $6.5 billion, up to and including $11.5 billion;
0.4775% over $11.5 billion, up to and including $16.5 billion;
0.465% over $16.5 billion, up to and including $19 billion;
0.455% over $19 billion, up to and including $21.5 billion; and
0.445% over $21.5 billion.
The Manager may waive all or a portion of its fees provided for hereunder and such waiver shall be treated as a reduction in purchase price of its services. The Manager shall be contractually bound hereunder by the terms of any publicly announced waiver of its fee, or any limitation of the Fund’s expenses, as if such waiver or limitation were fully set forth herein.
IN WITNESS WHEREOF, this Amendment has been executed on behalf of each party as of the date set forth above.
XXXXXXXXX GLOBAL ADVISORS LIMITED
By: /s/XXXXXXXXXXX XXXX Xxxxxxxxxxx Xxxx President |
XXXXXXXXX GLOBAL INVESTMENT TRUST
By: /s/XXXX XXXXX Xxxx X. Xxxxx Vice President and Secretary |