EX-99.(D)(13) 2 d909241dex99d13.htm AMENDMENT INVESTMENT ADVISORY AGREEMENT MATTHEWS INTERNATIONAL CAPITAL 9/1/14 Amendment Investment Advisory Agreement Matthews International Capital 9/1/14

Exhibit (d)(13)

AMENDMENT TO INVESTMENT ADVISORY AGREEMENT

This Amendment to Investment Advisory Agreement (this “Amendment”), effective as of September 1, 2014, is made by and between Matthews International Funds (the “Trust”) and Matthews International Capital Management, LLC (“Matthews,” and together with the Trust, the “Parties”).

Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Investment Advisory Agreement, dated as of August 31, 2004, as amended August 12, 2005, August 11, 2006, August 31, 2007, September 15, 2008, November 30, 2009, May 19, 2011, November 30, 2011, April 30, 2013, and September 1, 2013, by and between the Trust and Matthews (the “Agreement”).

WITNESSETH THAT:

WHEREAS, the Parties originally entered into the Agreement, wherein Matthews agreed to provide certain services to the Trust; and

WHEREAS, the Parties wish to amend the Agreement to revise Appendix B to (i) add additional breakpoints in the A-1 Management Fee for the Appendix A-1 Funds, resulting in lower fee rates for total portfolio assets of the Appendix A-1 Funds over $30 billion, and (ii) add a breakpoint in the A-2 Management Fee for the Appendix A-2 Funds, resulting in a lower fee rate for total portfolio assets over $1 billion for each Appendix A-2 Fund.

NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the Parties hereto, intending to be legally bound, do hereby agree as follows:

1. Appendix B to the Agreement is hereby amended and replaced with the new Appendix B attached hereto.

2. The Agreement will otherwise remain in full force and effect.

IN WITNESS WHEREOF, the Parties hereto have caused this Amendment, including the amended Appendix B attached hereto, to be signed by their duly authorized officers as of the date set forth below.

 

MATTHEWS INTERNATIONAL FUNDS

MATTHEWS INTERNATIONAL CAPITAL

MANAGEMENT, LLC

By:

/s/ John P. McGowan

By:

/s/ William J. Hackett

Name: John P. McGowan Name: William J. Hackett
Title: Vice President and Secretary Title: Chief Executive Officer
Date: September 1, 2014 Date: September 1, 2014


Exhibit (d)(13)

APPENDIX B

MATTHEWS INTERNATIONAL FUNDS

INVESTMENT MANAGEMENT FEE SCHEDULE

(amended effective September 1, 2014)

The A-1 Management Fee for the Appendix A-1 Funds is as follows:

 

Portfolio Value of the Appendix A-1 Funds

 

Investment Management Fee as a Percent of

Portfolio Value of the Appendix A-1 Funds (Not

to Exceed)

Up to $2 Billion   0.75% of average daily net assets
Over $2 Billion up to $5 Billion   0.6834% of average daily net assets
Over $5 Billion up to $25 Billion   0.65% of average daily net assets
Over $25 Billion up to $30 Billion   0.64% of average daily net assets
Over $30 Billion up to $35 Billion   0.63% of average daily net assets
Over $35 Billion up to $40 Billion   0.62% of average daily net assets
Over $40 Billion up to $45 Billion   0.61% of average daily net assets
Over $45 Billion   0.60% of average daily net assets

The A-2 Management Fee for the Appendix A-2 Funds is as follows:

 

Portfolio Value of each Appendix A-2 Fund

 

Investment Management Fee as a Percent of

Portfolio Value of each Appendix A-2 Fund (Not to

Exceed)

Up to $1 Billion   1.00% of average daily net assets
Over $1 Billion   0.95% of average daily net assets

The A-3 Management Fee for the Appendix A-3 Fund is as follows: an investment management fee of 0.65% of average daily net assets.

 

MATTHEWS INTERNATIONAL FUNDS    

MATTHEWS INTERNATIONAL CAPITAL

MANAGEMENT, LLC

By:  

/s/ Johan P. McGowan

    By:  

/s/ William J. Hackett

Name:   John P. McGowan     Name:   William J. Hackett
Title:   Vice President and Secretary     Title:   Chief Executive Officer
Date:   September 1, 2014     Date:   September 1, 2014