EX-99.D1 3 d588666dex99d1.htm AMENDMENTS TO INVESTMENT ADVISORY AGREEMENT Amendments to Investment Advisory Agreement

AMENDMENT TO AMENDED AND RESTATED

INVESTMENT ADVISORY AGREEMENT

This Amendment (this “Amendment”), effective August 1, 2017, is made to the Amended and Restated Investment Advisory Agreement by and between Great-West Funds, Inc. (“Great-West Funds”) and Great-West Capital Management, LLC (the “Adviser”).

WHEREAS, Great-West Funds and Adviser are parties to the Amended and Restated Investment Advisory Agreement, dated May 1, 2017 (the “Agreement”); and

WHEREAS, pursuant to Article VI of the Agreement, Great-West Funds and Adviser desire to amend the Agreement on the terms and conditions set forth herein.

NOW THEREFORE, in consideration of the promises and mutual covenants hereinafter contained, Great-West Funds and Adviser agree as follows:

 

  1.

Schedule A of the Agreement is hereby deleted in its entirety and replaced with Schedule A attached hereto.

 

  2.

In the event of a conflict between the terms of this Amendment and the Agreement, the terms of this Amendment shall control.

 

  3.

This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument.

 

  4.

Except as amended by this Amendment, all other provisions of the Agreement shall remain in full force and effect.

 

[Remainder of page intentionally left blank; signature page to follow.]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed in their names and on their behalf by and through duly authorized officers as of the Effective Date.

 

     GREAT-WEST CAPITAL MANAGEMENT, LLC

Attest:

  

/s/ Cara B. Owen                          

   

        By:

  

/s/ Mary C. Maiers                            

   

Name:

  

Cara B. Owen                              

   

        Name:

  

Mary C. Maiers                                

   

Title:

  

Counsel & Assistant Secretary    

   

Title:     Chief Financial Officer & Treasurer  

   

 

     GREAT-WEST FUNDS, INC.

Attest:

  

/s/ Cara B. Owen                          

   

      By:

  

/s/ Mary C. Maiers                              

   

Name:

  

Cara B. Owen                              

   

      Name:

  

Mary C. Maiers                                  

   

Title:

  

Counsel & Assistant Secretary    

   

      Title:

  

Chief Financial Officer & Treasurer  

   

 

GWCM – Great-West Funds (Amendment to Amended and Restated Investment Advisory Agreement)    2 of 5

SCHEDULE A

TO THE AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT

 

Funds   Investment Advisory Fee
Great-West Ariel Mid Cap Value Fund   0.67% of the average daily net assets
Great-West Bond Index Fund   0.13% of the average daily net assets
Great-West Core Bond Fund   0.32% of the average daily net assets
Great-West Goldman Sachs Mid Cap Value Fund  

0.79% of the average daily net assets on assets up to $1 billion,

0.74% of the average daily net assets on assets over $1 billion, and

0.69% of the average daily net assets on assets over $2 billion

Great-West Government Money Market Fund   0.10% of the average daily net assets
Great-West International Index Fund   0.25% of the average daily net assets on assets up to $1 billion,
0.20% of the average daily net assets on assets over $1 billion, and
0.15% of the average daily net assets on assets over $2 billion
Great-West Invesco Small Cap Value Fund  

0.80% of the average daily net assets on assets up to $1 billion,

0.75% of the average daily net assets on assets over $1 billion, and

0.70% of the average daily net assets of on assets over $2 billion;

Great-West Loomis Sayles Bond Fund  

0.52% of the average daily net assets on assets up to $1 billion,

0.47% of the average daily net assets on assets over $1 billion, and

0.42% of the average daily net assets on assets over $2 billion

Great-West Loomis Sayles Small Cap Value Fund   0.71% of the average daily net assets
Great-West MFS International Growth Fund  

0.82% of the average daily net assets on assets up to $1 billion,

0.77% of the average daily net assets on assets over $1 billion, and

0.72% of the average daily net assets on assets over $2 billion

Great-West MFS International Value Fund   0.67% of the average daily net assets
Great-West Multi-Manager Large Cap Growth Fund  

0.64% of the average daily net assets on assets up to $1 billion,

0.59% of the average daily net assets on assets over $1 billion, and

0.54% of the average daily net assets on assets over $2 billion

Great-West Multi-Manager Small Cap Growth Fund  

0.83% of the average daily net assets on assets up to $1 billion,

0.78% of the average daily net assets on assets over $1 billion, and

0.73% of the average daily net assets on assets over $2 billion

Great-West Putnam Equity Income Fund  

0.74% of the average daily net assets on assets up to $1 billion,

0.69% of the average daily net on assets over $1 billion, and

0.64% of the average daily net assets on assets over $2 billion

Great-West Putnam High Yield Bond Fund  

0.72% of the average daily net assets on assets up to $1 billion,

0.67% of the average daily net assets on assets over $1 billion, and

0.62% of the average daily net assets on assets over $2 billion

Great-West Real Estate Index Fund  

0.34% of the average daily net assets on assets up to $1 billion,

0.29% of the average daily net assets on assets over $1 billion, and

0.24% of the average daily net assets on assets over $2 billion

Great-West S&P 500® Index Fund  

0.21% of the average daily net assets on assets up to $1 billion,

0.16% of the average daily net assets on assets over $1 billion, and

0.11% of the average daily net assets on assets over $2 billion

Great-West S&P Mid Cap 400® Index Fund  

0.18% of the average daily net assets on assets up to $1 billion,

0.13% of the average daily net assets on assets over $1 billion, and

0.08% of the average daily net assets on assets over $2 billion

Great-West S&P Small Cap 600® Index Fund  

0.19% of the average daily net assets on assets up to $1 billion,

0.14% of the average daily net assets on assets over $1 billion, and

0.09% of the average daily net assets on assets over $2 billion

Great-West SecureFoundation® Balanced ETF Fund   0.16% of the average daily net assets
Great-West Short Duration Bond Fund   0.23% of the average daily net assets

 

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Funds   Investment Advisory Fee
Great-West Stock Index Fund  

0.23% of the average daily net assets on assets up to $1 billion,

0.18% of the average daily net assets on assets over $1 billion, and

0.13% of the average daily net assets on assets over $2 billion

Great-West T. Rowe Price Equity Income Fund   0.47% of the average daily net assets
Great-West T. Rowe Price Mid Cap Growth Fund   0.66% of the average daily net assets
Great-West Templeton Global Bond Fund  

0.58% of the average daily net assets on assets up to $1 billion,

0.53% of the average daily net assets on assets over $1 billion, and

0.48% of the average daily net assets on assets over $2 billion

Great-West U.S. Government Mortgage Securities Fund   0.23% of the average daily net assets

 

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SIXTH AMENDMENT TO AMENDED AND RESTATED

INVESTMENT ADVISORY AGREEMENT

This Sixth Amendment (this “Amendment”), effective August 24, 2018, is made to the Amended and Restated Investment Advisory Agreement by and between Great-West Funds, Inc. (“Great-West Funds”) and Great-West Capital Management, LLC (the “Adviser”).

WHEREAS, Great-West Funds and Adviser are parties to the Amended and Restated Investment Advisory Agreement, dated May 1, 2017, as amended (the “Agreement”); and

WHEREAS, pursuant to Article VI of the Agreement, Great-West Funds and Adviser desire to amend the Agreement on the terms and conditions set forth herein.

NOW THEREFORE, in consideration of the promises and mutual covenants hereinafter contained, Great-West Funds and Adviser agree as follows:

 

  1.

Schedule A of the Agreement is hereby deleted in its entirety and replaced with Schedule A attached hereto.

 

  2.

In the event of a conflict between the terms of this Amendment and the Agreement, the terms of this Amendment shall control.

 

  3.

This Amendment may be executed in two or more counterparts, each of which shall be an original and all of which together shall constitute one instrument.

 

  4.

Except as amended by this Amendment, all other provisions of the Agreement shall remain in full force and effect.

 

[Remainder of page intentionally left blank; signature page to follow.]

 

GWCM – Great-West Funds (Amendment to Amended and Restated Investment Advisory Agreement re: Global Bond and Multi-Sector Bond)    1 of 4

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed in their names and on their behalf by and through duly authorized officers as of the Effective Date.

 

     GREAT-WEST CAPITAL MANAGEMENT, LLC

Attest:

  

/s/ Cara B. Owen                        

   

By:

  

/s/ Scott C. Sipple                              

   

Name:

  

Cara B. Owen                            

   

Name:

  

Scott C. Sipple                                  

   

Title:

  

Senior Counsel & Assistant Secretary

   

Title:

  

President & Chief Executive Officer

   
     GREAT-WEST FUNDS, INC.

Attest:

  

/s/ Cara B. Owen                        

   

By:

  

/s/ Mary C. Maiers                            

   

Name:

  

Cara B. Owen                            

   

Name:

  

Mary C. Maiers                                

   

Title:

  

Senior Counsel & Assistant Secretary

   

Title:

  

Chief Financial Officer & Treasurer

   

 

GWCM – Great-West Funds (Amendment to Amended and Restated Investment Advisory Agreement re: Global Bond and Multi-Sector Bond)    2 of 4

SCHEDULE A

TO THE AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT

 

Funds   Investment Advisory Fee
Great-West Ariel Mid Cap Value Fund   0.67% of the average daily net assets
Great-West Bond Index Fund   0.13% of the average daily net assets
Great-West Core Bond Fund   0.32% of the average daily net assets
Great-West Core Strategies: Flexible Bond Fund   0.38% of the average daily net assets
Great-West Core Strategies: Inflation-Protected Securities Fund  

0.33% of the average daily net assets on assets up to $1 billion,

0.28% of the average daily net assets on assets over $1 billion, and

0.23% of the average daily net assets on assets over $2 billion

Great-West Core Strategies: International Equity Fund  

0.53% of the average daily net assets on assets up to $1 billion,

0.48% of the average daily net assets on assets over $1 billion, and

0.43% of the average daily net assets on assets over $2 billion

Great-West Core Strategies: Short Duration Bond Fund   0.23% of the average daily net assets
Great-West Core Strategies: U.S. Equity Fund  

0.47% of the average daily net assets on assets up to $1 billion,

0.42% of the average daily net assets on assets over $1 billion, and

0.37% of the average daily net assets on assets over $2 billion

Great-West Emerging Markets Equity Fund  

0.93% of the average daily net assets on assets up to $1 billion,

0.88% of the average daily net assets on assets over $1 billion, and

0.83% of the average daily net assets on assets over $2 billion

Great-West Global Bond Fund  

0.58% of the average daily net assets on assets up to $1 billion,

0.53% of the average daily net assets on assets over $1 billion, and

0.48% of the average daily net assets on assets over $2 billion

Great-West Government Money Market Fund   0.10% of the average daily net assets
Great-West Inflation-Protected Securities Fund  

0.33% of the average daily net assets on assets up to $1 billion,

0.28% of the average daily net assets on assets over $1 billion, and

0.23% of the average daily net assets on assets over $2 billion

Great-West International Growth Fund  

0.82% of the average daily net assets on assets up to $1 billion,

0.77% of the average daily net assets on assets over $1 billion, and

0.72% of the average daily net assets on assets over $2 billion

Great-West International Index Fund  

0.25% of the average daily net assets on assets up to $1 billion,

0.20% of the average daily net assets on assets over $1 billion, and

0.15% of the average daily net assets on assets over $2 billion

Great-West International Value Fund   0.67% of the average daily net assets
Great-West Invesco Small Cap Value Fund  

0.80% of the average daily net assets on assets up to $1 billion,

0.75% of the average daily net assets on assets over $1 billion, and

0.70% of the average daily net assets of on assets over $2 billion;

Great-West Large Cap Growth Fund  

0.64% of the average daily net assets on assets up to $1 billion,

0.59% of the average daily net assets on assets over $1 billion, and

0.54% of the average daily net assets on assets over $2 billion

Great-West Loomis Sayles Small Cap Value Fund   0.71% of the average daily net assets
Great-West Mid Cap Value Fund  

0.79% of the average daily net assets on assets up to $1 billion,

0.74% of the average daily net assets on assets over $1 billion, and

0.69% of the average daily net assets on assets over $2 billion

Great-West Multi-Sector Bond Fund  

0.52% of the average daily net assets on assets up to $1 billion,

0.47% of the average daily net assets on assets over $1 billion, and

0.42% of the average daily net assets on assets over $2 billion

Great-West Putnam Equity Income Fund  

0.74% of the average daily net assets on assets up to $1 billion,

0.69% of the average daily net on assets over $1 billion, and

0.64% of the average daily net assets on assets over $2 billion

 

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Funds   Investment Advisory Fee
Great-West Putnam High Yield Bond Fund  

0.72% of the average daily net assets on assets up to $1 billion,

0.67% of the average daily net assets on assets over $1 billion, and

0.62% of the average daily net assets on assets over $2 billion

Great-West Real Estate Index Fund  

0.34% of the average daily net assets on assets up to $1 billion,

0.29% of the average daily net assets on assets over $1 billion, and

0.24% of the average daily net assets on assets over $2 billion

Great-West S&P 500® Index Fund  

0.21% of the average daily net assets on assets up to $1 billion,

0.16% of the average daily net assets on assets over $1 billion, and

0.11% of the average daily net assets on assets over $2 billion

Great-West S&P Mid Cap 400® Index Fund  

0.18% of the average daily net assets on assets up to $1 billion,

0.13% of the average daily net assets on assets over $1 billion, and

0.08% of the average daily net assets on assets over $2 billion

Great-West S&P Small Cap 600® Index Fund  

0.19% of the average daily net assets on assets up to $1 billion,

0.14% of the average daily net assets on assets over $1 billion, and

0.09% of the average daily net assets on assets over $2 billion

Great-West SecureFoundation® Balanced ETF Fund   0.16% of the average daily net assets
Great-West Short Duration Bond Fund   0.23% of the average daily net assets
Great-West Small Cap Growth Fund  

0.83% of the average daily net assets on assets up to $1 billion,

0.78% of the average daily net assets on assets over $1 billion, and

0.73% of the average daily net assets on assets over $2 billion

Great-West T. Rowe Price Equity Income Fund   0.47% of the average daily net assets
Great-West T. Rowe Price Mid Cap Growth Fund   0.66% of the average daily net assets
Great-West U.S. Government Securities Fund   0.23% of the average daily net assets

 

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