Exhibit (d)27
ALLEGIANT FUNDS
THIRD AMENDMENT TO INVESTMENT ADVISORY AGREEMENT
This THIRD AMENDEMENT TO INVESTMENT ADVISORY AGREEMENT (the "Third
Amendment") dated as of October 1, 2008, by and between ALLEGIANT FUNDS, a
Massachusetts business trust, located in King of Prussia, Pennsylvania (the
"Trust") and ALLEGIANT ASSET MANAGEMENT COMPANY, located in Cleveland, Ohio (the
"Adviser").
WHEREAS, the parties have entered into an Advisory Agreement dated
April 9, 1998 with respect to the Trust's International Equity, Multi-Factor
Small Cap Value, Small Cap Growth, S&P 500 Index, Balanced Allocation and Ohio
Municipal Money market Funds ("Investment Advisory Agreement"); and
WHEREAS, the Board of Trustees of the Trust have approved certain
reductions in fees payable with respect to the International Equity and S&P 500
Index Funds;
NOW, THEREFORE, it is agreed among the parties hereto as follows:
1. Compensation. The first paragraph of Section 8 of the Investment
Advisory Agreement, as heretofore amended, is amended and restated in its
entirety to read as follows:
"8. Compensation. For services provided and the expenses assumed
pursuant to this Agreement, the Trust will pay the Adviser from the assets
belonging to the Funds and the Adviser will accept as full compensation
therefore fees, computed daily and paid monthly, at the following rates: 1.00%
of the average daily net assets of the International Equity Fund; 1.00% of the
average daily net assets of each of the Multi-Factor Small Cap Value Fund and
the Small Cap Growth Fund of $0 to less than $500 million; 0.95% of the average
daily net assets of each Fund of $500 to less than $1 billion; and 0.90% of the
average daily net assets of each Fund of $1 billion and over; 0.20% of the
average daily net assets of the S&P 500 Index Fund; 0.20% of the average daily
net assets of the Ohio Municipal Money Market Fund; and 0.75% of the average
daily net assets of the Balanced Allocation Fund."
4. Definitions. Unless otherwise defined herein, all capitalized terms
used in this Third Amendment shall have their respective defined meanings
ascribed to them in the Investment Advisory Agreement.
5. Miscellaneous. Except to the extent expressly amended by this Third
Amendment, the Investment Advisory Agreement shall remain unchanged and in full
force and effect. References therein to "this Agreement," "hereby," "herein,"
and the like shall be deemed to refer to the Investment Advisory Agreement, as
amended by this Third Amendment. This Third Amendment may be executed in two or
more counterparts, each of which shall be deemed an original, and all of which
together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to
be executed by their officers designated below as of the day and year first
above written.
ALLEGIANT FUNDS
By: /s/ Xxxxxxxx X. Xxxx
-----------------------
Title: Chief Administrative Officer
ALLEGIANT ASSET MANAGEMENT COMPANY
By: /s/ Xxxxxx X. Xxxxx
----------------------
Title: Managing Director
