INVESTMENT SUB-ADVISORY AGREEMENT AGREEMENT made this 1st day of October, 2003, by and between Commonfund Institutional Funds, a Delaware business trust (the "Company"), Commonfund Asset Management Company, Inc., a Delaware Corporation (the...Investment Sub-Advisory Agreement • November 14th, 2003 • Commonfund Institutional Funds • New York
FORM OF October 1, 2003 Commonfund Institutional Funds 15 Old Danbury Road P.O. Box 812 Wilton, CT 06897 RE: WAIVER OF FEES AND REIMBURSEMENT OF EXPENSES Ladies and Gentlemen: This letter shall constitute an agreement between Commonfund Asset...Commonfund Institutional Funds • November 14th, 2003
This letter shall constitute an agreement between Commonfund Asset Management Company, Inc. (the "Investment Manager") and Commonfund Institutional Funds (the "Company"), replacing the letter agreements between the parties dated January 3, 2000 and December 11, 2000. The Investment Manager, which acts as investment adviser to the following investment portfolios of the Company, agrees to waive its investment advisory fees and to reimburse expenses of the CIF Short Duration Fund, CIF Core Plus Bond Fund, CIF Core Equity Fund, CIF Small Cap Fund and CIF International Equity Fund (each a "Fund" and, collectively, the "Funds") as necessary to keep total operating expenses of the Funds from exceeding following annual rates:
