NORTHERN FUNDS AMENDMENT NO. 3 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER EMERGING MARKETS EQUITY FUND
Exhibit (d)(20)
AMENDMENT NO. 3 TO SUB-ADVISORY AGREEMENT MULTI-MANAGER EMERGING MARKETS EQUITY FUND
This Amendment (“Amendment”), dated as of the 17th day of June, 2016, is entered into between Northern Trust Investments, Inc. (the “Adviser”), and Axiom International Investors LLC (“the Sub-Adviser”).
WHEREAS, the Adviser and Sub-Adviser have entered into a Sub-Advisory Agreement dated as of November 19, 2008, as amended, (the “Sub-Advisory Agreement”) pursuant to which Board of Trustees of the Northern Funds (the “Board”) has appointed the Sub-Adviser to act as a sub-adviser to the Multi-Manager Emerging Markets Equity Fund (the “Fund”);
WHEREAS, effective June 17, 2016 the name of the Multi-Manager Emerging Markets Equity Fund has been changed to the Active M Emerging Markets Equity Fund;
WHEREAS, the Adviser and Sub-Adviser now wish to amend the Sub-Advisory Agreement; and
NOW THEREFORE, the parties hereto, intending to be legally bound hereby agree as follows:
1. All references in the Sub-Advisory Agreement to “Multi-Manager Emerging Markets Equity Fund” are hereby replaced with “Active M Emerging Markets Equity Fund.”
2. Except to the extent amended hereby, the Sub-Advisory Agreement shall remain unchanged and in full force and effect, and is hereby ratified and confirmed in all respects as amended hereby.
All signatures need not appear on the same copy of this Amendment.
| NORTHERN TRUST INVESTMENTS, INC. | ||
| /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇ | ||
| Name: | ▇▇▇▇ ▇. ▇▇▇▇▇▇ | |
| Title: | Sr. Vice President | |
| AXIOM INTERNATIONAL INVESTORS LLC | ||
| /s/ ▇▇▇▇ ▇. ▇▇▇▇ | ||
| Name: | ▇▇▇▇ ▇. ▇▇▇▇, CFA | |
| Title: | Chief Operating Officer | |