Exhibit (d)(24)
AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENT
This Amendment to Investment Management Agreement (this Amendment), effective as of April 28, 2023, is made by and between Matthews International Funds (the Trust) and Matthews International Capital Management, LLC (MICM, and together with the Trust, the Parties).
Capitalized terms used but not defined herein shall have the meanings ascribed to them in the Investment Management Agreement, dated as of June 30, 2022, as amended from time to time, by and between the Trust and MICM (the Agreement).
WITNESSETH THAT:
WHEREAS, the Parties originally entered into the Agreement, wherein MICM agreed to provide certain services to the Trust; and
WHEREAS, the Parties wish to amend the Agreement to provide for the addition of one separate series of the Trust.
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. | The addition of the Matthews Korea Active ETF as set forth on the attached amended Appendix A and Appendix B. |
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 A and 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/ James Cooper Abbot | |||||
Name: | John P. McGowan | Name: | James Cooper Abbott | |||||
Title: | Vice President and Secretary | Title: | Chief Executive Officer | |||||
Date: | April 28, 2023 | Date: | April 28, 2023 |
APPENDIX A
MATTHEWS INTERNATIONAL FUNDS
FUND SCHEDULE
(as of April 28, 2023)
Fund |
Effective Date | |||
|
Matthews Emerging Markets Equity Active ETF |
June 30, 2022 | ||
|
Matthews Asia Innovators Active ETF |
June 30, 2022 | ||
|
Matthews China Active ETF |
June 30, 2022 | ||
|
Matthews Emerging Markets ex China Active ETF |
December 30, 2022 | ||
|
Matthews Korea Active ETF |
April 28, 2023 |
MATTHEWS INTERNATIONAL FUNDS |
MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT, LLC | |||||||
By: | /s/ John P. McGowan | By: | /s/ James Cooper Abbot | |||||
Name: | John P. McGowan | Name: | James Cooper Abbott | |||||
Title: | Vice President and Secretary | Title: | Chief Executive Officer | |||||
Date: | April 28, 2023 | Date: | April 28, 2023 |
APPENDIX B
MATTHEWS INTERNATIONAL FUNDS
INVESTMENT MANAGEMENT FEE SCHEDULE
(effective April 28, 2023)
The Management Fee for each Fund is as follows:
Fund |
Investment Management Fee | |
Matthews Emerging Markets Equity Active ETF | 0.79% of average daily net assets | |
Matthews Asia Innovators Active ETF | 0.79% of average daily net assets | |
Matthews China Active ETF | 0.79% of average daily net assets | |
Matthews Emerging Markets ex China Active ETF | 0.79% of average daily net assets | |
Matthews Korea Active ETF | 0.79% of average daily net assets |
MATTHEWS INTERNATIONAL FUNDS |
MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT, LLC | |||||||
By: |
/s/ John P. McGowan |
By: |
/s/ James Cooper Abbot | |||||
Name: |
John P. McGowan |
Name: |
James Cooper Abbott | |||||
Title: |
Vice President and Secretary |
Title: |
Chief Executive Officer | |||||
Date: |
April 28, 2023 |
Date: |
April 28, 2023 |