Exhibit (d)13
Amendment No. 5 to the Investment Management Agreement
between Xxxx Xxxxxxx Variable Series Trust I and
Xxxx Xxxxxxx Life Insurance Company
Reference is made to that certain Investment Management Agreement dated as of
March 14, 1996, by and between Xxxx Xxxxxxx Variable Series Trust I and Xxxx
Xxxxxxx Life Insurance Company (formerly "Xxxx Xxxxxxx Mutual Life Insurance
Company"), as amended (the "Agreement").
The parties agree to amend the Agreement as follows:
5. The phrase "Xxxx Xxxxxxx Life Insurance Mutual Company" and "JHMLICO"
are deleted wherever shown and the phrases "Xxxx Xxxxxxx Life Insurance
Company" and "JHLICO" are respectively inserted in its place.
6. Subsections (c), (e) and (h) of Section 5 of the Agreement, entitled
"Investment Advisory Fee and Expense Limitation," are hereby deleted
and the following inserted in its place:
(c) For the Small Cap Equity Fund (formerly "Small Cap Value
Portfolio"):
(i) 0.90% on an annual basis of the first
$150,000,000 of the Current Net Assets of such
Portfolio;
(ii) 0.75% on an annual basis of that portion of the
Current Net Assets of such Portfolio in excess
of $150,000,000 and not over $300,000,000; and
(iii) 0.65% on an annual basis of that portion of the
Current Net Assets of such Portfolio in excess
of $300,000,000 and not over $500,000,000; and
(iv) 0.60% on an annual basis of that portion of the
Current Net Assets of such Portfolio in excess
of $500,000,000.
(e) For the Global Balanced Fund (formerly "International Balanced
Portfolio"):
(i) 1.05% on an annual basis of the first
$150,000,000 of the Current Net Assets of such
Portfolio;
(ii) 0.95% on an annual basis of that portion of the
Current Net Assets of such Portfolio in excess
of $150,000,000 and not over $300,000,000;
(iii) 0.80% on an annual basis of that portion of the
Current Net Assets of such Portfolio in excess
of $300,000,000 and not over $500,000,000;
(iv) 0.75% on an annual basis of that portion of the
Current Net Assets of such Portfolio in excess
of $500,000,000.
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(h) For the Global Bond Fund (formerly "Strategic Bond Portfolio")
(i) 0.85% on an annual basis of the first
$150,000,000 of the Current Net Assets of such
Portfolio;
(ii) 0.80% on an annual basis for that portion of
the Current Net Assets in excess of $150,00,000
and not over $300,000,000 of such Portfolio;
and
(iii) 0.75% on an annual basis for that portion of
the Current Net Assets in excess of $300,00,000
and not over $500,000,000 of such Portfolio;
and
(iv) 0.70% on an annual basis for that portion of
the Current Net Assets in excess of
$500,000,000 of such Portfolio.
3. The phrases "Small Cap Value Portfolio," "International Balanced
Portfolio" and "Strategic Bond Portfolio" are deleted wherever else
shown in the Agreement, and the phrases "Small Cap Equity Fund,"
"Global Balanced Fund" and "Global Bond Fund" are respectively inserted
in their place.
All other terms and provisions of the Agreement shall remain unchanged and in
full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed
and to take effect as of November 1, 2000.
ATTEST: XXXX XXXXXXX VARIABLE SERIES TRUST I
____________________________ By: /s/Xxxxxxx X. Xxx Xxxx
Title: Chairman and Chief Executive Officer
ATTEST: XXXX XXXXXXX LIFE INSURANCE COMPANY
____________________________ By: Xxxxxx X. Xxxxxxx
Title: Senior Vice President and Chief
Investment Strategist
