Exhibit 23(d)(ii)
ADDENDUM TO MANAGEMENT AGREEMENT
Addendum dated as of July 1, 1999 to the Management Agreement dated as of
March 1, 1999 (the "Agreement") between The BSG Funds (the "Trust"), on behalf
of the Banc Stock Group Fund (the "Fund"), and Heartland Advisory Group, Inc.
(the "Adviser").
RECITALS
A. The Fund is responsible, pursuant to the Agreement, for paying the
fees and expenses of the non-interested person trustees of the Trust
("Trustee Expenses").
B. At various times since the inception of the Fund, the Adviser has
voluntarily reimbursed the Fund for Trustee Expenses.
C. The Adviser desires to make a contractual commitment to reimburse the
Fund's trustee expenses on a temporary basis.
NOW THEREFORE, IT IS AGREED THAT:
1. EFFECTIVE IMMEDIATELY AND UNTIL JUNE 1, 2003, THE ADVISER SHALL
REIMBURSE THE FUND FOR ALL TRUSTEE EXPENSES.
2. THE AGREEMENT IS UNCHANGED IN ALL OTHER RESPECTS.
IN WITNESS WHEREOF, THE PARTIES HAVE CAUSED THIS ADDENDUM TO BE SIGNED BY
THEIR OFFICERS DESIGNATED BELOW, ALL AS OF THE DATE FIRST WRITTEN ABOVE.
Attest: Heartland Advisory Group
By: /S/ XXXXXX X. XXXXX, SECRETARY By: /S/ XXXXXXX X. XXXXXXXXXX, PRESIDENT
-------------------------------- -------------------------------------
Xxxxxx X. Xxxxx, Secretary Xxxxxxx X. Xxxxxxxxxx, President
Accepted by:
Attest: The BSG Funds
By: /S/ XXXX X. XXXXXX By: /S/ XXXXXXX X. XXXXXXXXXX
------------------------------- -------------------------------------
Xxxx X. Xxxxxx, Secretary Xxxxxxx X. Xxxxxxxxxx, President
