Delegated Duties. 4.1 Consistent with the services provided by the Transfer Agent and with respect to the ownership of shares in the Strong Funds for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall: (a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("OFAC") database and such other lists or databases as may be required from time to time by applicable regulatory authorities; (b) Review special payee checks through OFAC database; SCHEDULE 1. 2(F) AML DELEGATION (CONTINUED) (c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance; (d) Review wires sent pursuant to banking instructions other than those on file with the Transfer Agent; (e) Review accounts with small balances followed by large purchases; (f) Review accounts with frequent activity within a specified date range followed by a large redemption; (g) On a daily basis, review purchase and redemption activity per tax identification number ("TIN") within the Strong Funds to determine if activity for that TIN exceeded the $100,000 threshold on any given day; (h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS; (i) Determine when a suspicious activity report ("SAR") should be filed as required by regulations applicable to mutual funds; prepare and file the SAR. Provide the Strong Funds with a copy of the SAR within a reasonable time after filing; notify the Strong Funds if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR; (j) Compare account information to any FinCEN request received by the Strong Funds and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Strong Funds with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and (k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties) (i) verify the identity of any person seeking to open an account with the Strong Funds, (ii) maintain records of the information used to verify the person's identity and (iii) determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Strong Funds by any government agency. 4.2 In the event that the Transfer Agent detects activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a SAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Strong Funds Anti Money Laundering Compliance Officer, unless prohibited by applicable law. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. By: ___________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES (The following procedures set forth certain responsibilities which are customarily handled by TPAs and which will not be the responsibility of the Transfer Agent under this Agreement.) 1. On each day on which both the New York Stock Exchange and the Strong Funds are open for business (a "Business Day"), TPA(s) will receive, on behalf of and as agent of the Strong Funds, Instructions (as hereinafter defined) from the Plan. Instructions shall mean (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the term of the Plan, but not later than the time of day at which the net asset value of a Strong Fund is calculated, as described from time to time in that Strong Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date". 2. In connection with the receipt of such Instructions, the following actions shall be the responsibility of the TPA and not the Transfer Agent. The TPAs shall: a. Communicate acceptance of such Instructions, to the applicable Plan. b. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, instruct the Strong Funds' custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Strong Fund, the TPA(s), and the Transfer Agent. c. Maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) will maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan. d. Maintain records for each Plan of all proceeds of redemptions of Shares and all other distributions not reinvested in Shares. e. Prepare, and transmit to each of the Plans, periodic account statements showing the total number of Shares owned by that Plan as of the statement closing date, purchases and redemptions of Shares by the Plan during the period covered by the statement, and the dividends and other distributions paid to the Plan on Shares during the statement period (whether paid in cash or reinvested in Shares). f. At the request and expense of each Strong Fund, transmit to the Plans prospectuses, proxy materials, reports, and other information provided by each Strong Fund for delivery to its shareholders. g. At the request of each Strong Fund, to prepare and transmit to each Strong Fund or any agent designated by it such periodic reports covering Shares of each Plan as each Strong Fund shall reasonably conclude are necessary to enable the Strong Fund to comply with state Blue Sky requirements. h. Transmit to the Plans confirmation of purchase orders and redemption requests placed by the Plans; and i. With respect to Shares, maintain account balance information for the Plan(s) and daily and monthly purchase summaries expressed in Shares and dollar amounts. 3. Plan sponsors may request, or the law may require, that prospectuses, proxy materials, periodic reports and other materials relating to each Strong Fund be furnished to Participants in which event the Transfer Agent or each Strong Fund shall mail or cause to be mailed such materials to Participants. With respect to any such mailing, the TPA(s) shall, at the request of the Transfer Agent or each Strong Fund, provide at the TPA(s)'s expense a complete and accurate set of mailing labels with the name and address of each Participant having an interest through the Plans in Shares. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. BY:_________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 3.1 FEE SCHEDULE Fees are billable on a monthly basis at the rate of 1/12 of the annual fee. A charge is made for an account in the month that an account opens or closes. ---------------------------------------- ----------------------------------------------------------------------------- FUND/SHARE CLASS TOTAL FEE(S) ---------------------------------------- ----------------------------------------------------------------------------- * Class A Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class B Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class C Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class L Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class K Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Equity Funds $27.00 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Income Funds $31.50 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Equity $27.00 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Income $31.50 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- *Investor Class Shares of $32.50 annual open account fee, $4.20 closed account fee Money Funds ---------------------------------------- ----------------------------------------------------------------------------- * Advisor Class Shares 0.20% of the average daily net asset value1 ---------------------------------------- ----------------------------------------------------------------------------- * Institutional Class Shares 0.015% of the average daily net asset value ---------------------------------------- -----------------------------------------------------------------------------
Appears in 2 contracts
Samples: Transfer Agency and Service Agreement (Strong Income Funds Ii Inc), Transfer Agency and Service Agreement (Strong Short Term Municipal Bond Fund Inc)
Delegated Duties. 4.1 Consistent with the services provided by the Sub-Transfer Agent and with respect to the beneficial ownership of of, and transactions in, shares in the Strong Funds Fund for which the Sub-Transfer Agent maintains the applicable shareholder information, the Sub-Transfer Agent shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities;
(b) Review special payee checks through the OFAC database;
SCHEDULE 1. 2(F) AML DELEGATION (CONTINUED)
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;
(d) Review wires sent pursuant to banking instructions other than those on file with the Sub-Transfer Agent;
(e) Review accounts with small balances followed by large purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number ("“TIN"”) within the Strong Funds to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report ("“SAR"”) should be filed as required by regulations applicable to mutual funds; prepare and file the SAR. Provide the Strong Funds Transfer Agent with a copy of the SAR within a reasonable time after filing; notify the Strong Funds Transfer Agent if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Strong Funds Transfer Agent and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Strong Funds Transfer Agent with documentsdocumentation/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and;
(k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties)
) (i) verify the identity of any person seeking to open an account with the Strong Fundsa Fund, (ii) maintain records of the information used to verify the person's ’s identity and (iii) determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Strong Funds Transfer Agent by any government agency; and
(l) Denote new foreign correspondent accounts with a distinct social code at account set-up when account set-up is performed by the Sub-Transfer Agent or, if account set-up is performed by a party other than the Sub-Transfer Agent, at such other time as required documentary evidence for a foreign correspondent account is presented in good order to the Sub-Transfer Agent. Upon request by the Transfer Agent, generate periodic reports of foreign correspondent accounts for review by the Transfer Agent or the Fund for purposes of compliance with USA PATRIOT Act, Section 312.
4.2 In the event that the Sub-Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Sub-Transfer Agent of a SAR, a Form 8300 or other similar report or notice to OFAC, then the Sub-Transfer Agent shall also immediately notify the Strong Funds Anti Money Laundering Compliance OfficerTransfer Agent, unless prohibited by applicable law. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. By: ___________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES (The following procedures set forth certain responsibilities which are customarily handled by TPAs and which will not be the responsibility of the Transfer Agent under this Agreement.)
1. On each day on which both the New York Stock Exchange and the Strong Funds are open for business (a "Business Day"), TPA(s) will receive, on behalf of and as agent of the Strong Funds, Instructions (as hereinafter defined) from the Plan. Instructions shall mean (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the term of the Plan, but not later than the time of day at which the net asset value of a Strong Fund is calculated, as described from time to time in that Strong Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. In connection with the receipt of such Instructions, the following actions shall be the responsibility of the TPA and not the Transfer Agent. The TPAs shall:
a. Communicate acceptance of such Instructions, to the applicable Plan.
b. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, instruct the Strong Funds' custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Strong Fund, the TPA(s), and the Transfer Agent.
c. Maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) will maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
d. Maintain records for each Plan of all proceeds of redemptions of Shares and all other distributions not reinvested in Shares.
e. Prepare, and transmit to each of the Plans, periodic account statements showing the total number of Shares owned by that Plan as of the statement closing date, purchases and redemptions of Shares by the Plan during the period covered by the statement, and the dividends and other distributions paid to the Plan on Shares during the statement period (whether paid in cash or reinvested in Shares).
f. At the request and expense of each Strong Fund, transmit to the Plans prospectuses, proxy materials, reports, and other information provided by each Strong Fund for delivery to its shareholders.
g. At the request of each Strong Fund, to prepare and transmit to each Strong Fund or any agent designated by it such periodic reports covering Shares of each Plan as each Strong Fund shall reasonably conclude are necessary to enable the Strong Fund to comply with state Blue Sky requirements.
h. Transmit to the Plans confirmation of purchase orders and redemption requests placed by the Plans; and
i. With respect to Shares, maintain account balance information for the Plan(s) and daily and monthly purchase summaries expressed in Shares and dollar amounts.
3. Plan sponsors may request, or the law may require, that prospectuses, proxy materials, periodic reports and other materials relating to each Strong Fund be furnished to Participants in which event the Transfer Agent or each Strong Fund shall mail or cause to be mailed such materials to Participants. With respect to any such mailing, the TPA(s) shall, at the request of the Transfer Agent or each Strong Fund, provide at the TPA(s)'s expense a complete and accurate set of mailing labels with the name and address of each Participant having an interest through the Plans in Shares. Each of the Strong Funds listed on Exhibit A BY/s/ Sxxxx Xxxxxxxxx By: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. BY:_________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 3.1 FEE SCHEDULE /s/ Rxxxxx X. Xxxxx Name: Sxxxx Xxxxxxxxx Name: Rxxxxx X. Xxxxx Title: Client Relationship Manager Title: Client Relationship Manager General: Fees are billable annual and are billed on a monthly basis at the rate of 1/12 of the annual fee. A charge is made for an account in the month that an account opens or closes. ---------------------------------------- ----------------------------------------------------------------------------- FUNDMatrix Level 3 Accounts $5.08/SHARE CLASS TOTAL FEE(S) ---------------------------------------- ----------------------------------------------------------------------------- per Account Non- Matrix Level 3 Accounts $7.08/per Account $6.83/per Account Auto Purchase Transactions $0.50/per Account Non-Auto Purchase Transactions $1.40/per Account ACH Transactions $0.60/per transaction Check-writing item $1.15/per check Fund Minimum* Class A Shares 0.20% $5,000 Per CUSIP Out of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- Pocket Expenses** Class B Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class C Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class L Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class K Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Equity Funds $27.00 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Income Funds $31.50 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Equity $27.00 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Income $31.50 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- *Investor Class Shares of $32.50 annual open account fee, $4.20 closed account fee Money Funds ---------------------------------------- ----------------------------------------------------------------------------- * Advisor Class Shares 0.20% of the average daily net asset value1 ---------------------------------------- ----------------------------------------------------------------------------- * Institutional Class Shares 0.015% of the average daily net asset value ---------------------------------------- -----------------------------------------------------------------------------Billed as Incurred
Appears in 1 contract
Samples: Sub Transfer Agency and Service Agreement (Mainstay Funds Trust)
Delegated Duties. 4.1 Consistent with the services provided by the Sub-Transfer Agent and with respect to the beneficial ownership of of, and transactions in, shares in the Strong Funds Fund for which the Sub-Transfer Agent maintains the applicable shareholder information, the Sub-Transfer Agent shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities;
(b) Review special payee checks through the OFAC database;
SCHEDULE 1. 2(F) AML DELEGATION (CONTINUED)
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;
(d) Review wires sent pursuant to banking instructions other than those on file with the Sub-Transfer Agent;
(e) Review accounts with small balances followed by large purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number ("“TIN"”) within the Strong Funds to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report ("“SAR"”) should be filed as required by regulations applicable to mutual funds; prepare and file the SAR. Provide the Strong Funds Transfer Agent with a copy of the SAR within a reasonable time after filing; notify the Strong Funds Transfer Agent if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Strong Funds Transfer Agent and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Strong Funds Transfer Agent with documentsdocumentation/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and;
(k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties)
) (i) verify the identity of any person seeking to open an account with the Strong Fundsa Fund, (ii) maintain records of the information used to verify the person's ’s identity and (iii) determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Strong Funds Transfer Agent by any government agency; and
(l) Denote new foreign correspondent accounts with a distinct social code at account set-up when account set-up is performed by the Sub-Transfer Agent or, if account set-up is performed by a party other than the Sub-Transfer Agent, at such other time as required documentary evidence for a foreign correspondent account is presented in good order to the Sub-Transfer Agent. Upon request by the Transfer Agent, generate periodic reports of foreign correspondent accounts for review by the Transfer Agent or the Fund for purposes of compliance with USA PATRIOT Act, Section 312.
4.2 In the event that the Sub-Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Sub-Transfer Agent of a SAR, a Form 8300 or other similar report or notice to OFAC, then the Sub-Transfer Agent shall also immediately notify the Strong Funds Anti Money Laundering Compliance OfficerTransfer Agent, unless prohibited by applicable law. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. By: ___________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES (The following procedures set forth certain responsibilities which are customarily handled by TPAs and which will not be the responsibility of the Transfer Agent under this Agreement.)
1. On each day on which both the New York Stock Exchange and the Strong Funds are open for business (a "Business Day"), TPA(s) will receive, on behalf of and as agent of the Strong Funds, Instructions (as hereinafter defined) from the Plan. Instructions shall mean (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the term of the Plan, but not later than the time of day at which the net asset value of a Strong Fund is calculated, as described from time to time in that Strong Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. In connection with the receipt of such Instructions, the following actions shall be the responsibility of the TPA and not the Transfer Agent. The TPAs shall:
a. Communicate acceptance of such Instructions, to the applicable Plan.
b. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, instruct the Strong Funds' custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Strong Fund, the TPA(s), and the Transfer Agent.
c. Maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) will maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
d. Maintain records for each Plan of all proceeds of redemptions of Shares and all other distributions not reinvested in Shares.
e. Prepare, and transmit to each of the Plans, periodic account statements showing the total number of Shares owned by that Plan as of the statement closing date, purchases and redemptions of Shares by the Plan during the period covered by the statement, and the dividends and other distributions paid to the Plan on Shares during the statement period (whether paid in cash or reinvested in Shares).
f. At the request and expense of each Strong Fund, transmit to the Plans prospectuses, proxy materials, reports, and other information provided by each Strong Fund for delivery to its shareholders.
g. At the request of each Strong Fund, to prepare and transmit to each Strong Fund or any agent designated by it such periodic reports covering Shares of each Plan as each Strong Fund shall reasonably conclude are necessary to enable the Strong Fund to comply with state Blue Sky requirements.
h. Transmit to the Plans confirmation of purchase orders and redemption requests placed by the Plans; and
i. With respect to Shares, maintain account balance information for the Plan(s) and daily and monthly purchase summaries expressed in Shares and dollar amounts.
3. Plan sponsors may request, or the law may require, that prospectuses, proxy materials, periodic reports and other materials relating to each Strong Fund be furnished to Participants in which event the Transfer Agent or each Strong Fund shall mail or cause to be mailed such materials to Participants. With respect to any such mailing, the TPA(s) shall, at the request of the Transfer Agent or each Strong Fund, provide at the TPA(s)'s expense a complete and accurate set of mailing labels with the name and address of each Participant having an interest through the Plans in Shares. Each of the Strong Funds listed on Exhibit A BYBy: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. BY:_________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 3.1 FEE SCHEDULE Name: Name: Title: Title: General: Fees are billable annual and are billed on a monthly basis at the rate of 1/12 of the annual fee. A charge is made for an account in the month that an account opens or closes. ---------------------------------------- ----------------------------------------------------------------------------- FUND/SHARE CLASS TOTAL FEE(S) ---------------------------------------- ----------------------------------------------------------------------------- * Class A Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class B Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class C Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class L Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class K Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Equity Funds $27.00 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Income Funds $31.50 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Equity $27.00 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Income $31.50 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- *Investor Class Shares of $32.50 annual open account fee, $4.20 closed account fee Money Funds ---------------------------------------- ----------------------------------------------------------------------------- * Advisor Class Shares 0.20% of the average daily net asset value1 ---------------------------------------- ----------------------------------------------------------------------------- * Institutional Class Shares 0.015% of the average daily net asset value ---------------------------------------- -----------------------------------------------------------------------------.
Appears in 1 contract
Samples: Sub Transfer Agency and Service Agreement (Icap Funds Inc)
Delegated Duties. 4.1 Consistent with the services Services provided by the Transfer Agent and with respect to the beneficial ownership of shares of, and transactions in, interests in the Strong Funds for which the Transfer Agent maintains the applicable shareholder informationAccount Owner and Designated Beneficiary information and for which the transaction information is maintained on the Transfer Agent’s transfer agent system, the Transfer Agent shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases of individuals or entities as may be required from time to time by applicable regulatory authorities;
(b) Review special payee checks through OFAC database;
SCHEDULE 1. 2(F) AML DELEGATION (CONTINUED)
(c) Review redemption redemption, transactions that occur within thirty (30) days of account establishment or maintenance;
(d) Review wires sent pursuant to banking instructions other than those on file with the Transfer AgentBoston Financial;
(e) Review accounts with small balances followed by large purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number ("“TIN"”) within the Strong Funds to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Compare all new accounts and registration maintenance through the Known Offenders database and notify the Fund of any match. Review accounts to identify those established by Known Offenders attempting fraud and once identified, freeze such accounts;
(i) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder Account Owner notices required by the IRS;
(ij) Submit all required OFAC reports on behalf of the Fund;
(k) Determine when a suspicious activity report ("“SAR"”) should be filed as required by regulations applicable to mutual fundsthe Funds; prepare and file the SAR. Provide the Strong Funds Fund with a copy of the SAR within a reasonable time after filing; filing and notify the Strong Funds Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(jl) Compare account information to any FinCEN request received by the Strong Funds Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Strong Funds Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and
(km) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties)
) (i) verify the identity of any person seeking to open an account with the Strong FundsFund, (ii) maintain records of the information used to verify the person's ’s identity and (iii) determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Strong Funds Fund by any government agency.
4.2 . In the event that the Transfer Agent detects activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a SAR, a Form 8300 or other similar report or notice to OFAC, OFAC then the Transfer Agent shall also immediately notify the Strong Funds Anti Money Laundering Compliance Officer, Fund unless prohibited by applicable law. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. By: ___________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES (The following procedures set forth certain responsibilities which are customarily handled by TPAs and which will not be the responsibility of the Transfer Agent under this Agreement.)
1shall provide a quarterly report of such activity in a form acceptable to the Fund. On each day on which both the New York Stock Exchange and the Strong Funds are open for business (a "Business Day"), TPA(s) Transfer Agent will receive, on behalf of and as agent of the Strong Funds, Instructions (as hereinafter defined) from the Plan. Instructions shall mean identify all (i) orders by the Plan for the purchases of Shares, new accounts and (ii) requests by the Plan for the redemption of Shares; accounts effecting registration changes in each case based on the Plan's receipt of purchase orders financial transactions against OFAC Laws and redemption requests by Participants in proper form by the time required by the term of the PlanOFAC lists identifying specially designated terrorists, but not later than the time of day at which the net asset value of a Strong Fund is calculatednationals, as described from time to time in that Strong Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date"narcotic traffickers, governments and persons.
2. In connection with the receipt of such Instructions, the following actions shall be the responsibility of the TPA and not the Transfer Agent. The TPAs shall:
a. Communicate acceptance of such Instructions, to the applicable Plan.
b. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, instruct the Strong Funds' custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Strong Fund, the TPA(s), and the Transfer Agent.
c. Maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) will maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
d. Maintain records for each Plan of all proceeds of redemptions of Shares and all other distributions not reinvested in Shares.
e. Prepare, and transmit to each of the Plans, periodic account statements showing the total number of Shares owned by that Plan as of the statement closing date, purchases and redemptions of Shares by the Plan during the period covered by the statement, and the dividends and other distributions paid to the Plan on Shares during the statement period (whether paid in cash or reinvested in Shares).
f. At the request and expense of each Strong Fund, transmit to the Plans prospectuses, proxy materials, reports, and other information provided by each Strong Fund for delivery to its shareholders.
g. At the request of each Strong Fund, to prepare and transmit to each Strong Fund or any agent designated by it such periodic reports covering Shares of each Plan as each Strong Fund shall reasonably conclude are necessary to enable the Strong Fund to comply with state Blue Sky requirements.
h. Transmit to the Plans confirmation of purchase orders and redemption requests placed by the Plans; and
i. With respect to Shares, maintain account balance information for the Plan(s) and daily and monthly purchase summaries expressed in Shares and dollar amounts.
3. Plan sponsors may request, or the law may require, that prospectuses, proxy materials, periodic reports and other materials relating to each Strong Fund be furnished to Participants in which event the Transfer Agent or each Strong Fund shall mail or cause to be mailed such materials to Participants. With respect to any such mailing, the TPA(s) shall, at the request of the Transfer Agent or each Strong Fund, provide at the TPA(s)'s expense a complete and accurate set of mailing labels with the name and address of each Participant having an interest through the Plans in Shares. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. BY:_________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 3.1 FEE SCHEDULE Fees are billable on a monthly basis at the rate of 1/12 of the annual fee. A charge is made for an account in the month that an account opens or closes. ---------------------------------------- ----------------------------------------------------------------------------- FUND/SHARE CLASS TOTAL FEE(S) ---------------------------------------- ----------------------------------------------------------------------------- * Class A Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class B Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class C Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class L Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class K Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Equity Funds $27.00 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Income Funds $31.50 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Equity $27.00 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Income $31.50 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- *Investor Class Shares of $32.50 annual open account fee, $4.20 closed account fee Money Funds ---------------------------------------- ----------------------------------------------------------------------------- * Advisor Class Shares 0.20% of the average daily net asset value1 ---------------------------------------- ----------------------------------------------------------------------------- * Institutional Class Shares 0.015% of the average daily net asset value ---------------------------------------- -----------------------------------------------------------------------------
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Tiaa Cref Institutional Mutual Funds)
Delegated Duties. 4.1 Consistent with the services provided by the Transfer Agent Boston Financial and with respect to the beneficial ownership of shares in of, and transactions in, the Strong Funds Plans for which the Transfer Agent Boston Financial maintains the applicable shareholder Participant information, the Transfer Agent Boston Financial shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("OFAC") database and such other lists or databases as may be required from time to time by applicable regulatory authorities;
(b) Review special payee checks through OFAC database;
SCHEDULE 1. 2(F) AML DELEGATION (CONTINUED)
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;; SCHEDULE 3.6 AML DELEGATION (continued)
(d) Review wires sent pursuant to banking instructions other than those on file with the Transfer AgentBoston Financial;
(e) Review accounts with small balances followed by large purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number ("TIN") within the Strong Funds Plans to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder Participant notices required by the IRS;
(i) Determine when a suspicious activity report ("SAR") should be filed as required by regulations applicable to mutual fundsfinancial institutions; prepare and file the SAR. Provide the Strong Funds Company with a copy of the SAR within a reasonable time after filing; notify the Strong Funds Company if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;; and
(j) Compare account information to any FinCEN request received by the Strong Funds Company and provided to the Transfer Agent Company pursuant to USA PATRIOT Act Sec. 314(a). Provide the Strong Funds Company with documentsdocumentation/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and.
(k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties)
(i) verify the identity of any person Participant seeking to open an account with the Strong Fundsa Plan, (ii) maintain records of the information used to verify the personParticipant's identity and (iii) determine whether the person Participant appears on any lists of known or suspected terrorists or terrorists organizations provided to the Strong Funds Company by any government agency.
4.2 In the event that the Transfer Agent Boston Financial detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent Boston Financial of a SAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent Boston Financial shall also immediately notify the Strong Funds Anti Money Laundering Compliance Officer, Company; unless prohibited by applicable law. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. By: ___________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES (The following procedures set forth certain responsibilities which are customarily handled by TPAs and which will not be the responsibility of the Transfer Agent under this Agreement.)
1. On each day on which both the New York Stock Exchange and the Strong Funds are open for business (a "Business Day"), TPA(s) will receive, on behalf of and as agent of the Strong Funds, Instructions (as hereinafter defined) from the Plan. Instructions shall mean (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the term of the Plan, but not later than the time of day at which the net asset value of a Strong Fund is calculated, as described from time to time in that Strong Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. In connection with the receipt of such Instructions, the following actions shall be the responsibility of the TPA and not the Transfer Agent. The TPAs shall:
a. Communicate acceptance of such Instructions, to the applicable Plan.
b. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, instruct the Strong Funds' custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Strong Fund, the TPA(s), and the Transfer Agent.
c. Maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) will maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
d. Maintain records for each Plan of all proceeds of redemptions of Shares and all other distributions not reinvested in Shares.
e. Prepare, and transmit to each of the Plans, periodic account statements showing the total number of Shares owned by that Plan as of the statement closing date, purchases and redemptions of Shares by the Plan during the period covered by the statement, and the dividends and other distributions paid to the Plan on Shares during the statement period (whether paid in cash or reinvested in Shares).
f. At the request and expense of each Strong Fund, transmit to the Plans prospectuses, proxy materials, reports, and other information provided by each Strong Fund for delivery to its shareholders.
g. At the request of each Strong Fund, to prepare and transmit to each Strong Fund or any agent designated by it such periodic reports covering Shares of each Plan as each Strong Fund shall reasonably conclude are necessary to enable the Strong Fund to comply with state Blue Sky requirements.
h. Transmit to the Plans confirmation of purchase orders and redemption requests placed by the Plans; and
i. With respect to Shares, maintain account balance information for the Plan(s) and daily and monthly purchase summaries expressed in Shares and dollar amounts.
3. Plan sponsors may request, or the law may require, that prospectuses, proxy materials, periodic reports and other materials relating to each Strong Fund be furnished to Participants in which event the Transfer Agent or each Strong Fund shall mail or cause to be mailed such materials to Participants. With respect to any such mailing, the TPA(s) shall, at the request of the Transfer Agent or each Strong Fund, provide at the TPA(s)'s expense a complete and accurate set of mailing labels with the name and address of each Participant having an interest through the Plans in Shares. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. BY:_________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 3.1 FEE SCHEDULE Fees are billable on a monthly basis at the rate of 1/12 of the annual fee. A charge is made for an account in the month that an account opens or closes. ---------------------------------------- ----------------------------------------------------------------------------- FUND/SHARE CLASS TOTAL FEE(S) ---------------------------------------- ----------------------------------------------------------------------------- * Class A Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class B Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class C Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class L Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class K Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Equity Funds $27.00 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Income Funds $31.50 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Equity $27.00 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Income $31.50 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- *Investor Class Shares of $32.50 annual open account fee, $4.20 closed account fee Money Funds ---------------------------------------- ----------------------------------------------------------------------------- * Advisor Class Shares 0.20% of the average daily net asset value1 ---------------------------------------- ----------------------------------------------------------------------------- * Institutional Class Shares 0.015% of the average daily net asset value ---------------------------------------- -----------------------------------------------------------------------------
Appears in 1 contract
Delegated Duties. 4.1 Consistent with the services provided by the Sub-Transfer Agent and with respect to the beneficial ownership of of, and transactions in, shares in the Strong Funds Fund for which the Sub-Transfer Agent maintains the applicable shareholder information, the Sub-Transfer Agent shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities;
(b) Review special payee checks through OFAC database;
SCHEDULE 1. 2(F) AML DELEGATION (CONTINUED)
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;
(d) Review wires sent pursuant to banking instructions other than those on file with the Sub-Transfer Agent;
(e) Review accounts with small balances followed by large purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number ("“TIN"”) within the Strong Funds to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report ("“SAR"”) should be filed as required by regulations applicable to mutual funds; prepare and file the SAR. Provide the Strong Funds Transfer Agent with a copy of the SAR within a reasonable time after filing; notify the Strong Funds Transfer Agent if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Strong Funds Transfer Agent and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Strong Funds Transfer Agent with documentsdocumentation/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and
(k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties)
) (i) verify the identity of any person seeking to open an account with the Strong Fundsa Fund, (ii) maintain Maintain records of the information used to verify the person's ’s identity and (iii) determine Determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Strong Funds Transfer Agent by any government agency.
4.2 In the event that the Sub-Transfer Agent detects suspicious activity as a result of the foregoing procedures, which necessitates the filing by the Sub-Transfer Agent of a SAR, a Form 8300 or other similar report or notice to OFAC, then the Sub-Transfer Agent shall also immediately notify the Strong Funds Anti Money Laundering Compliance OfficerTransfer Agent, unless prohibited by applicable law. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity PHOENIX EQUITY PLANNING CORPORATION BOSTON FINANCIAL DATA SERVICES, INC. By: ___________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES (The following procedures set forth certain responsibilities which are customarily handled by TPAs and which will not be the responsibility of the Transfer Agent under this Agreement.)/s/ Xxxxx Xxxxxxxx By: /s/ Xxxx X. Xxxxxxx Name: Xxxxx Xxxxxxxx Xxxx Xxxxxxx, Divisional Vice President Title: AVP, Mutual Fund Services
1. On each day on which both the New York Stock Exchange and the Strong Funds Fund are open for business (a "“Business Day"”), the TPA(s) will shall receive, on behalf of and as agent of the Strong FundsFund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's ’s receipt of purchase orders and redemption requests by Participants in proper form by the time required by the term terms of the Plan, but not later than the time of day at which the net asset value of a Strong Fund is calculated, as described from time to time in that Strong Fund's ’s prospectus. Each Business Day on which the TPA receives Instructions shall be a "“Trade Date"”.
2. In connection with The TPA(s) shall communicate the receipt of such Instructions, the following actions shall be the responsibility of the TPA and not the Transfer Agent. The TPAs shall:
a. Communicate TPA(s)’s acceptance of such Instructions, to the applicable Plan.
b. 3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Sub-Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Sub-Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Strong Funds' Fund’s custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Strong Fund, the TPA(s), and the Sub-Transfer Agent.
c. Maintain 4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) will shall maintain on behalf of each of the Plans a single master account with the Sub-Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
d. Maintain records for each Plan of all proceeds of redemptions of Shares and all other distributions not reinvested in Shares.
e. Prepare, and transmit to each of the Plans, periodic account statements showing the total number of Shares owned by that Plan as of the statement closing date, purchases and redemptions of Shares by the Plan during the period covered by the statement, and the dividends and other distributions paid to the Plan on Shares during the statement period (whether paid in cash or reinvested in Shares).
f. At the request and expense of each Strong Fund, transmit to the Plans prospectuses, proxy materials, reports, and other information provided by each Strong Fund for delivery to its shareholders.
g. At the request of each Strong Fund, to prepare and transmit to each Strong Fund or any agent designated by it such periodic reports covering Shares of each Plan as each Strong Fund shall reasonably conclude are necessary to enable the Strong Fund to comply with state Blue Sky requirements.
h. Transmit to the Plans confirmation of purchase orders and redemption requests placed by the Plans; and
i. With respect to Shares, maintain account balance information for the Plan(s) and daily and monthly purchase summaries expressed in Shares and dollar amounts.
3. Plan sponsors may request, or the law may require, that prospectuses, proxy materials, periodic reports and other materials relating to each Strong Fund be furnished to Participants in which event the Transfer Agent or each Strong Fund shall mail or cause to be mailed such materials to Participants. With respect to any such mailing, the TPA(s) shall, at the request of the Transfer Agent or each Strong Fund, provide at the TPA(s)'s expense a complete and accurate set of mailing labels with the name and address of each Participant having an interest through the Plans in Shares. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. BY:_________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 3.1 FEE SCHEDULE Fees are billable on a monthly basis at the rate of 1/12 of the annual fee. A charge is made for an account in the month that an account opens or closes. ---------------------------------------- ----------------------------------------------------------------------------- FUND/SHARE CLASS TOTAL FEE(S) ---------------------------------------- ----------------------------------------------------------------------------- * Class A Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class B Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class C Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class L Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class K Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Equity Funds $27.00 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Income Funds $31.50 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Equity $27.00 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Income $31.50 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- *Investor Class Shares of $32.50 annual open account fee, $4.20 closed account fee Money Funds ---------------------------------------- ----------------------------------------------------------------------------- * Advisor Class Shares 0.20% of the average daily net asset value1 ---------------------------------------- ----------------------------------------------------------------------------- * Institutional Class Shares 0.015% of the average daily net asset value ---------------------------------------- -----------------------------------------------------------------------------
Appears in 1 contract
Samples: Sub Transfer Agency and Service Agreement (Virtus Opportunities Trust)
Delegated Duties. 4.1 Consistent with the services provided by the Transfer Agent and with respect to the ownership of shares in the Strong Funds Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("OFAC") database and such other lists or databases as may be required from time to time by applicable regulatory authorities;
(b) Review special payee checks through OFAC database;
SCHEDULE 1. 2(F) AML DELEGATION (CONTINUED)
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;; SCHEDULE 1.2(g) AML DELEGATION (CONTINUED)
(d) Review wires sent pursuant to banking instructions other than those on file with the Transfer Agent;
(e) Review accounts with small balances followed by large purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number ("TIN") within the Strong Funds to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report ("SAR") should be filed as required by regulations applicable to mutual funds; prepare and file the SAR. Provide the Strong Funds Fund with a copy of the SAR within a reasonable time after filing; notify the Strong Funds Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Strong Funds Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Strong Funds Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and
(k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties)
(i) verify the identity of any person seeking to open an account with the Strong FundsFund, (ii) maintain records of the information used to verify the person's identity and (iii) determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Strong Funds Fund by any government agency.
4.2 In the event that the Transfer Agent detects activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a SAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Strong Funds Anti Money Laundering Compliance OfficerFund, unless prohibited by applicable law. Each of the Strong Funds listed on Exhibit A BY: ___AIG SERIES TRUST STATE STREET BANK AND TRUST COMPANY By:________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. By: ___________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES (The following procedures set forth certain responsibilities which are customarily handled by TPAs and which will not be the responsibility of the Transfer Agent under this Agreement.)Dated ____________
1. On each day on which both the New York Stock Exchange and the Strong Funds Fund are open for business (a "Business Day"), the TPA(s) will shall receive, on behalf of and as agent of the Strong FundsFund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the term of the Plan, but not later than the time of day at which the net asset value of a Strong Fund is calculated, as described from time to time in that Strong Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. In connection with The TPA(s) shall communicate the receipt of such Instructions, the following actions shall be the responsibility of the TPA and not the Transfer Agent. The TPAs shall:
a. Communicate TPA(s)'s acceptance of such Instructions, to the applicable Plan.
b. 3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Strong Funds' Fund's custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Strong Fund, the TPA(s), and the Transfer Agent.
c. Maintain 4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) will shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
d. Maintain records for each Plan of all proceeds of redemptions of Shares and all other distributions not reinvested in Shares.
e. Prepare, and transmit to each of the Plans, periodic account statements showing the total number of Shares owned by that Plan as of the statement closing date, purchases and redemptions of Shares by the Plan during the period covered by the statement, and the dividends and other distributions paid to the Plan on Shares during the statement period (whether paid in cash or reinvested in Shares).
f. At the request and expense of each Strong Fund, transmit to the Plans prospectuses, proxy materials, reports, and other information provided by each Strong Fund for delivery to its shareholders.
g. At the request of each Strong Fund, to prepare and transmit to each Strong Fund or any agent designated by it such periodic reports covering Shares of each Plan as each Strong Fund shall reasonably conclude are necessary to enable the Strong Fund to comply with state Blue Sky requirements.
h. Transmit to the Plans confirmation of purchase orders and redemption requests placed by the Plans; and
i. With respect to Shares, maintain account balance information for the Plan(s) and daily and monthly purchase summaries expressed in Shares and dollar amounts.
3. Plan sponsors may request, or the law may require, that prospectuses, proxy materials, periodic reports and other materials relating to each Strong Fund be furnished to Participants in which event the Transfer Agent or each Strong Fund shall mail or cause to be mailed such materials to Participants. With respect to any such mailing, the TPA(s) shall, at the request of the Transfer Agent or each Strong Fund, provide at the TPA(s)'s expense a complete and accurate set of mailing labels with the name and address of each Participant having an interest through the Plans in Shares. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. BY:_________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 3.1 FEE SCHEDULE Fees are billable on a monthly basis at the rate of 1/12 of the annual fee. A charge is made for an account in the month that an account opens or closes. ---------------------------------------- ----------------------------------------------------------------------------- FUND/SHARE CLASS TOTAL FEE(S) ---------------------------------------- ----------------------------------------------------------------------------- * Class A Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class B Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class C Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class L Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class K Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Equity Funds $27.00 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Income Funds $31.50 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Equity $27.00 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Income $31.50 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- *Investor Class Shares of $32.50 annual open account fee, $4.20 closed account fee Money Funds ---------------------------------------- ----------------------------------------------------------------------------- * Advisor Class Shares 0.20% of the average daily net asset value1 ---------------------------------------- ----------------------------------------------------------------------------- * Institutional Class Shares 0.015% of the average daily net asset value ---------------------------------------- -----------------------------------------------------------------------------
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Aig Series Trust)
Delegated Duties. 4.1 Consistent with the services provided by the Transfer Agent and with respect to the beneficial ownership of shares of, and transactions in, interests in the Strong Funds for which the Transfer Agent maintains the applicable shareholder informationAccount Owner and Designated Beneficiary information and for which the transaction information is maintained on the Transfer Agent’s transfer agent system, the Transfer Agent shall:
(a) Submit On a daily basis, submit all financial new customer account registrations and non-financial transactions registration changes through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities;
(b) Review Submit all account registrations through OFAC databases and such other lists or databases as may be required from time to time by applicable regulatory authorities;
(c) On a daily basis, submit special payee checks information from checks, outgoing wires and systematic withdrawal files through the OFAC database;
SCHEDULE 1. 2(F) AML DELEGATION (CONTINUED)
(cd) Review certain types of redemption transactions that occur within thirty (30) days of an account establishment establishment, registration change, or maintenancebanking information change (e.g. redemption by check after address change; redemption by wire after banking information change; or redemptions over a certain% after establishment);
(de) Review wires sent pursuant to banking instructions other than those on file with the Transfer Agent;
(ef) Review accounts with small balances followed by large purchases;
(fg) Review accounts with frequent activity within a specified date range followed by a large redemption;
(gh) On a daily basis, review Review purchase and redemption activity per tax identification number ("TIN") within the Strong Funds to determine if activity for by check that TIN exceeded the meets or exceeds $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report ("“SAR"”) should be filed as required by regulations applicable to mutual funds; prepare and file the SAR. Provide ; provide the Strong Funds Fund with a copy of the SAR within a reasonable time after filing; and notify the Strong Funds Fund if any further communication is received from the U.S. Department of the Treasury or other law enforcement agencies regarding the SARsuch filing;
(j) Compare all new customer accounts and registration maintenance through the Known Offenders database and notify the Fund of any match. Review customer accounts to identify those established by Known Offenders attempting fraud and once identified, freeze such accounts;
(k) Compare account information to any FinCEN request received by the Strong Funds Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Strong Funds Fund with documents/the necessary information necessary for it to respond to requests under USA PATRIOT Act Sec. 314(a) such request within required time frames; and
(k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties)frame;
(i) Take reasonable steps to verify the identity of any person seeking to open an account with the Strong FundsFund and notify the Fund in the event that such person cannot be verified, (ii) maintain Maintain records of the information used to verify the person's identity ’s identity, as required, and (iii) determine Determine whether the person appears on any lists of known or suspected terrorists or terrorists terrorist organizations provided to the Strong Funds Fund by any government agency.;
4.2 In (m) Conduct due diligence and if required, enhanced due diligence in accordance with 31 C.F.R. 103.176(b) for new and existing correspondent accounts for foreign financial institutions (as defined in 31 C.F.R. 103.175). The Transfer Agent will perform an assessment of the event that money laundering risk presented by the account based on a consideration of relevant factors in accordance with applicable law and information provided by the foreign financial institution in a financial institution questionnaire. If an account is determined to have a medium or above risk-ranking, the Transfer Agent detects activity as a result of will monitor the foregoing procedures, which necessitates the filing by the Transfer Agent of a SAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Strong Funds Anti Money Laundering Compliance Officer, unless prohibited by applicable law. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. By: ___________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES (The following procedures set forth certain responsibilities which are customarily handled by TPAs and which will not be the responsibility of the Transfer Agent under this Agreement.)
1. On each day on which both the New York Stock Exchange and the Strong Funds are open for business (a "Business Day"), TPA(s) will receive, on behalf of and as agent of the Strong Funds, Instructions (as hereinafter defined) from the Plan. Instructions shall mean (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the term of the Plan, but not later than the time of day at which the net asset value of a Strong Fund is calculated, as described from time to time in that Strong Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. In connection with the receipt of such Instructions, the following actions shall be the responsibility of the TPA and not the Transfer Agent. The TPAs shall:
a. Communicate acceptance of such Instructions, to the applicable Plan.
b. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, instruct the Strong Funds' custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Strong Fund, the TPA(s), and the Transfer Agent.
c. Maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) will maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
d. Maintain records for each Plan of all proceeds of redemptions of Shares and all other distributions not reinvested in Shares.
e. Prepare, and transmit to each of the Plans, periodic account statements showing the total number of Shares owned by that Plan as of the statement closing date, purchases and redemptions of Shares by the Plan during the period covered by the statement, and the dividends and other distributions paid to the Plan on Shares during the statement period (whether paid in cash or reinvested in Shares).
f. At the request and expense of each Strong Fund, transmit to the Plans prospectuses, proxy materials, reports, and other information provided by each Strong Fund for delivery to its shareholders.
g. At the request of each Strong Fund, to prepare and transmit to each Strong Fund or any agent designated by it such periodic reports covering Shares of each Plan as each Strong Fund shall reasonably conclude are necessary to enable the Strong Fund to comply with state Blue Sky requirements.
h. Transmit to the Plans confirmation of purchase orders and redemption requests placed by the Plans; and
i. With respect to Shares, maintain account balance information for the Plan(s) and daily and monthly purchase summaries expressed in Shares and dollar amounts.
3. Plan sponsors may request, or the law may require, that prospectuses, proxy materials, periodic reports and other materials relating to each Strong Fund be furnished to Participants in which event the Transfer Agent or each Strong Fund shall mail or cause to be mailed such materials to Participants. With respect to any such mailing, the TPA(s) shall, at the request of the Transfer Agent or each Strong Fund, provide at the TPA(s)'s expense a complete and accurate set of mailing labels with the name and address of each Participant having an interest through the Plans in Shares. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. BY:_________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 3.1 FEE SCHEDULE Fees are billable on a monthly basis at for unusual activity. In the rate situation where due diligence cannot be completed with respect to an account, the Transfer Agent will contact the Fund’s AML Officer for further instruction.
(n) Upon the request by the Fund, conduct due diligence to determine if the Fund is involved with any foreign jurisdiction, institution, class of 1/12 transactions and a type of account designated, from time to time, by the U.S. Department of Justice in order to identify and take certain “special measures” against such entities as required under Section 311 of the annual fee. A charge is made for an account in the month that an account opens or closes. ---------------------------------------- ----------------------------------------------------------------------------- FUND/SHARE CLASS TOTAL FEE(S) ---------------------------------------- ----------------------------------------------------------------------------- * Class A Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class B Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class C Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class L Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class K Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Equity Funds $27.00 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Income Funds $31.50 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Equity $27.00 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Income $31.50 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- *Investor Class Shares of $32.50 annual open account fee, $4.20 closed account fee Money Funds ---------------------------------------- ----------------------------------------------------------------------------- * Advisor Class Shares 0.20% of the average daily net asset value1 ---------------------------------------- ----------------------------------------------------------------------------- * Institutional Class Shares 0.015% of the average daily net asset value ---------------------------------------- -----------------------------------------------------------------------------USA PATRIOT Act (31 C.F.R. 103.193).
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Tiaa Cref Life Fund)
Delegated Duties. 4.1 Consistent with the services provided by the Transfer Agent and with respect to the ownership of shares in the Strong Funds Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:: Schedule 1.2(f) - 1 SCHEDULE 1.2(F) (continued) AML DELEGATION DATED: MAY 14, 2007
(a) Submit all financial new account and non-financial registration maintenance transactions through the Office of Foreign Assets Control ("OFAC") database and such other lists or databases as may be required from time to time by applicable regulatory authorities;
(b) Review Submit special payee checks through OFAC database;
SCHEDULE 1. 2(F) AML DELEGATION (CONTINUED)
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;
(d) Review wires sent pursuant to banking instructions other than those on file with the Transfer Agent;
(e) Review accounts with small balances followed by large purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number ("TIN") within the Strong Funds Fund to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report ("SAR") should be filed as required by regulations applicable to mutual funds; prepare and file the SAR. Provide the Strong Funds Fund with a copy of the SAR within a reasonable time after filing; notify the Strong Funds Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Strong Funds Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Strong Funds Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and
(k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties)
(i) verify Verify the identity of any person seeking to open an account with the Strong FundsFund, (ii) maintain Maintain records of the information used to verify the person's identity and (iii) determine Determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Strong Funds Fund by any government agency.. Schedule 1.2(f) - 2 SCHEDULE 1.2(F) (continued) AML DELEGATION DATED: MAY 14, 2007
4.2 In the event that the Transfer Agent detects activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a SAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Strong Funds Anti Money Laundering Compliance OfficerFund, unless prohibited by applicable law. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity FIFTH THIRD FUNDS BOSTON FINANCIAL DATA SERVICES, INC. By: /s/ E. Xxxxx Xxxxx By: ___________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:___Name: E. Xxxxx Xxxxx Name: ______________________________ Title: President Title: _____________________________ Authorized Officer on behalf of the Fund and each Of the Portfolios indicated on Schedule A Schedule 1.2(f) - 3 SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES (The following procedures set forth certain responsibilities which are customarily handled by TPAs and which will not be the responsibility of the Transfer Agent under this Agreement.)Dated: May 14, 2007
1. On each day on which both the New York Stock Exchange and the Strong Funds Fund are open for business (a "Business Day"), the TPA(s) will shall receive, on behalf of and as agent of the Strong FundsFund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to the Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the term of the Plan, but not later than the time of day at which the net asset value of a Strong the Fund is calculated, as described from time to time in that Strong Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. In connection with The TPA(s) shall communicate the receipt of such Instructions, the following actions shall be the responsibility of the TPA and not the Transfer Agent. The TPAs shall:
a. Communicate TPA(s)'s acceptance of such Instructions, to the applicable Plan.
b. 3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Strong Funds' Fund's custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Strong the Fund, the TPA(s), and the Transfer Agent.
c. Maintain 4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) will shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
d. Maintain records for each Plan of all proceeds of redemptions of Shares and all other distributions not reinvested in Shares.
e. Prepare, and transmit to each of the Plans, periodic account statements showing the total number of Shares owned by that Plan as of the statement closing date, purchases and redemptions of Shares by the Plan during the period covered by the statement, and the dividends and other distributions paid to the Plan on Shares during the statement period (whether paid in cash or reinvested in Shares).
f. At the request and expense of each Strong Fund, transmit to the Plans prospectuses, proxy materials, reports, and other information provided by each Strong Fund for delivery to its shareholders.
g. At the request of each Strong Fund, to prepare and transmit to each Strong Fund or any agent designated by it such periodic reports covering Shares of each Plan as each Strong Fund shall reasonably conclude are necessary to enable the Strong Fund to comply with state Blue Sky requirements.
h. Transmit to the Plans confirmation of purchase orders and redemption requests placed by the Plans; and
i. With respect to Shares, maintain account balance information for the Plan(s) and daily and monthly purchase summaries expressed in Shares and dollar amounts.
3. Plan sponsors may request, or the law may require, that prospectuses, proxy materials, periodic reports and other materials relating to each Strong Fund be furnished to Participants in which event the Transfer Agent or each Strong Fund shall mail or cause to be mailed such materials to Participants. With respect to any such mailing, the TPA(s) shall, at the request of the Transfer Agent or each Strong Fund, provide at the TPA(s)'s expense a complete and accurate set of mailing labels with the name and address of each Participant having an interest through the Plans in Shares. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. BY:_________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 3.1 FEE SCHEDULE Fees are billable on a monthly basis at the rate of 1/12 of the annual fee. A charge is made for an account in the month that an account opens or closes. ---------------------------------------- ----------------------------------------------------------------------------- FUND/SHARE CLASS TOTAL FEE(S) ---------------------------------------- ----------------------------------------------------------------------------- * Class A Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class B Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class C Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class L Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class K Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Equity Funds $27.00 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Income Funds $31.50 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Equity $27.00 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Income $31.50 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- *Investor Class Shares of $32.50 annual open account fee, $4.20 closed account fee Money Funds ---------------------------------------- ----------------------------------------------------------------------------- * Advisor Class Shares 0.20% of the average daily net asset value1 ---------------------------------------- ----------------------------------------------------------------------------- * Institutional Class Shares 0.015% of the average daily net asset value ---------------------------------------- -----------------------------------------------------------------------------
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Fifth Third Funds)
Delegated Duties. 4.1 Consistent with the services provided by the Transfer Agent and with respect to the ownership of shares Shares in the Strong Funds Fund for which the Transfer Agent maintains the applicable shareholder Shareholder information, the Transfer Agent shall:
(a) Submit all financial new account registrations and non-financial transactions registration changes through the Office of Foreign Assets Control ("“OFAC"”) database and such other lists or databases as may be required from time to time by applicable regulatory authorities on a daily basis;
(b) Submit all account registrations through OFAC databases and such other lists or databases as may be required from time to time by applicable regulatory authorities;
(bc) Review Submit special payee checks information from checks, outgoing wires and systematic withdrawal files through the OFAC databasedatabase on a daily basis;
SCHEDULE 1. 2(F) AML DELEGATION (CONTINUED)
(cd) Review redemption transactions that occur within thirty (30) days of an account establishment or maintenanceregistration change or banking information change;
(de) Review wires sent pursuant to banking instructions other than those on file with the Transfer Agent;
(ef) Review accounts with small balances followed by large purchases;
(fg) Review accounts with frequent activity within a specified date range followed by a large redemption;
(gh) On a daily basis, review Review purchase and redemption activity per tax identification number ("“TIN"”) within the Strong Funds Fund to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(hi) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and period; if the threshold is exceeded, file IRS Form 8300 and issue the Shareholder notices as required by the IRS;
(ij) Determine when a suspicious activity report ("“SAR"”) should be filed as required by regulations applicable to mutual funds; prepare and file the SAR. Provide ; provide the Strong Funds Fund with a copy of the SAR within a reasonable time after filing; and notify the Strong Funds Fund if any further communication is received from the U.S. Department of the Treasury or other law enforcement agencies regarding the SARsuch filing;
(jk) Compare account information to any FinCEN request received by the Strong Funds Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Strong Funds Fund with documents/the necessary information necessary for it to respond to requests under USA PATRIOT Act Sec. 314(a) such request within required time frames; andframe;
(kl) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties)
(i) verify Verify the identity of any person seeking to open an account with the Strong FundsFund, (ii) maintain Maintain records of the information used to verify the person's identity ’s identity, as required, and (iii) determine Determine whether the person appears on any lists of known or suspected terrorists or terrorists terrorist organizations provided to the Strong Funds Fund by any government agency;
(m) Conduct due diligence and if required, enhanced due diligence in accordance with 31 C.F.R. 103.176(b) for new and existing correspondent accounts for foreign financial institutions (as defined in 31 C.F.R. 103.175). The Transfer Agent will perform an assessment of the money laundering risk presented by the account based on a consideration of relevant factors in accordance with applicable law and information provided by the foreign financial institution in a financial institution questionnaire. If an account is determined to have a medium or above risk-ranking, the Transfer Agent will monitor the account on a monthly basis for unusual activity. In the situation where due diligence cannot be completed with respect to an account, the Transfer Agent will contact the Fund’s AML Officer for further instruction.
(n) Upon the request by the Fund, conduct due diligence to determine if the Fund is involved with any foreign jurisdiction, institution, class of transactions and a type of account designated, from time to time, by the U.S. Department of Justice in order to identify and take certain “special measures” against such entities as required under Section 311 of the USA PATRIOT Act (31 C.F.R. 103.193).
4.2 In the event that the Transfer Agent detects activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a SAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Strong Funds Anti Money Laundering Compliance OfficerFund, unless prohibited by applicable law. Each In addition, Transfer Agent agrees to provide to the Fund:
(a) Prompt written notification of any transaction or combination of transactions that Transfer Agent believes, based on the Procedures, evidence money laundering activity in connection with the Fund or any shareholder of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer Fund;
(b) Prompt written notification of each such Entity any customer(s) that Transfer Agent reasonably believes, based upon the procedures of the Transfer Agent, to be engaged in money laundering activity, provided that the Fund agrees not to communicate this information to the customer;
(c) Prompt written notification of any action taken in response to anti-money laundering; and EACH OF THE ENTITIES, INDIVIDUALLY BOSTON FINANCIAL DATA SERVICES, INC. AND NOT JOINTLY, AS LISTED ON SCHEDULE A By: ___________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES (The following procedures set forth certain responsibilities which are customarily handled by TPAs and which will not be the responsibility of the Transfer Agent under this Agreement.)
1. On each day on which both the New York Stock Exchange and the Strong Funds are open for business (a "Business Day"), TPA(s) will receive, on behalf of and as agent of the Strong Funds, Instructions (as hereinafter defined) from the Plan. Instructions shall mean (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the term of the Plan, but not later than the time of day at which the net asset value of a Strong Fund is calculated, as described from time to time in that Strong Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. In connection with the receipt of such Instructions, the following actions shall be the responsibility of the TPA and not the Transfer Agent. The TPAs shall:
a. Communicate acceptance of such Instructions, to the applicable Plan.
b. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, instruct the Strong Funds' custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Strong Fund, the TPA(s), and the Transfer Agent.
c. Maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) will maintain /s/ Pxxxx X. Xxxxxx By: /s/ Rxxxxxx X. Xxxxxxxx Name: Pxxxx X. Xxxxxx Name: Rxxxxxx X. Xxxxxxxx Title: President Title: Division Vice President As an Authorized Officer on behalf of each of the Plans Funds indicated on Schedule A Front End Incoming Mail, Cash Processing, and/or Image Distribution All PO Box mail is to be scanned in by 9:00 a.m. except for on days after holidays and all accountable mail (overnights) are to be scanned in by 12:00 p.m. Any box pulls are to be delivered to KC operations area within 24 hours unless the item has to be recalled from our off-site storage facility. All money rescans are completed the same day if received before 3 p.m. and all non-money rescans are completed within 24 hours. PO Box Mail Q1 Q2 Q3 Q4 Count: Days: Delays: Accountable Mail Q1 Q2 Q3 Q4 Count: Days: Delays: Boxpulls Q1 Q2 Q3 Q4 Count: Delays: Rescans Q1 Q2 Q3 Q4 Count: Delays: Non-Money Q1 Q2 Q3 Q4 Count: Delays: Overall Transaction Processing Processing accuracy results will meet or exceed the annual NQR average benchmark for overall transaction processing. Results will be measured using the BFDS QAT group on a single master account with quarterly basis. Processing Accuracy Annual Goal — 96.7%. Q1 Reviewed: Errors Identified: Quality: Q2 Reviewed: Errors Identified: Quality: Q3 Reviewed: Errors Identified: Quality: Q4 Reviewed: Errors Identified: Quality: As-of Reports Quarter over Quarter, the Transfer Agent number and such account type of as-of transactions will be compared. Issue Log Q1 Q2 Q3 Q4 As-of Transactions Q1 Count: Errors: Quality: Q2 Count: Errors: Quality: Q3 Count: Errors: Quality: Q4 Count: Errors: Quality: Dashboard Items The CCO and Operations contacts will receive a complete explanation of exceptions prior to the release of the Dashboard. Dashboard Exceptions Q1 Q2 Q3 Q4 Shareholder Complaints Quarter-over-Quarter, the number and type of written complaints will be reviewed and compared. Written complaints Q1 Q2 Q3 Q4 Ad Hoc Reporting Any ad hoc report produced by BFDS will be accurate. Reporting Accuracy Q1 Q2 Q3 Q4 Count: Errors: Mailings Produced by DST Output/BFDS •1 CDLY •2 Quarterly Statements •3 Tax Forms •4 Regulatory Mailings For Print Mailing, 98% of each type of media in the Print Mailing shall be in delivered to the name of that Plandelivery carrier within the stated turnaround schedule or regulatory requirement. The information will be correct. Quarterly statements will be properly linked and messaging will be correct. CDLY Delivered on time Q1 Q2 Q3 Q4 Information correct Q1 Q2 Q3 Q4 Count: Delays: Errors: Delivered on time Q1 Q2 Q3 Q4 Information correct Q1 Q2 Q3 Q4 Count: Delays: Errors: Tax Forms Delivered on time Q1 Q2 Q3 Q4 Information correct Q1 Q2 Q3 Q4 Delays: Errors: Regulatory Mailings Delivered on time Q1 Q2 Q3 Q4 Information correct Q1 Q2 Q3 Q4 Count: Delays: Errors: AWD, Desktop, Software Support, Network Quarterly, the TPA(s), system up time will be 99.9% or better. All scheduled maintenance will be communicated to the nominee client 3 business days prior to being done. System Q1 Q2 Q3 Q4 Hours: Down hrs: Scheduled Maintenance Q1 Q2 Q3 Q4 Incoming Calls 98.75% of either thereof as the record owner of Shares owned by such Plan.
d. Maintain records for each Plan of all proceeds of redemptions of Shares and all other distributions not reinvested in Shares.
e. Prepare, and transmit to each of the Plans, periodic account statements showing the total number of Shares owned by that Plan as of the statement closing date, purchases and redemptions of Shares by the Plan calls during the period covered by the statement, and the dividends and other distributions paid to the Plan on Shares during the statement period (whether paid in cash or reinvested in Shares).
f. At the request and expense of each Strong Fund, transmit to the Plans prospectuses, proxy materials, reports, and other information provided by each Strong Fund for delivery to its shareholders.
g. At the request of each Strong Fund, to prepare and transmit to each Strong Fund or any agent designated by it such periodic reports covering Shares of each Plan as each Strong Fund shall reasonably conclude are necessary to enable the Strong Fund to comply with state Blue Sky requirements.
h. Transmit to the Plans confirmation of purchase orders and redemption requests placed by the Plans; and
i. With respect to Shares, maintain account balance information for the Plan(s) and daily and monthly purchase summaries expressed in Shares and dollar amounts.
3quarter will be answered within 60 seconds. Plan sponsors may request, or the law may require, that prospectuses, proxy materials, periodic reports and other materials relating to each Strong Fund be furnished to Participants in which event the Transfer Agent or each Strong Fund shall mail or cause to be mailed such materials to Participants. With respect to any such mailing, the TPA(s) shall, at the request of the Transfer Agent or each Strong Fund, provide at the TPA(s)'s expense a complete and accurate set of mailing labels with the name and address of each Participant having an interest through the Plans in Shares. Each of the Strong Funds listed on Exhibit A BYIncoming Calls Q1 Count: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. BY> 60 secs: Q2 Count: > 60 secs: Q3 Count: > 60 secs: Q4 Count: > 60 secs:_________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 3.1 FEE SCHEDULE Fees are billable on a monthly basis at the rate of 1/12 of the annual fee. A charge is made for an account in the month that an account opens or closes. ---------------------------------------- ----------------------------------------------------------------------------- FUND/SHARE CLASS TOTAL FEE(S) ---------------------------------------- ----------------------------------------------------------------------------- * Class A Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class B Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class C Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class L Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class K Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Equity Funds $27.00 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Income Funds $31.50 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Equity $27.00 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Income $31.50 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- *Investor Class Shares of $32.50 annual open account fee, $4.20 closed account fee Money Funds ---------------------------------------- ----------------------------------------------------------------------------- * Advisor Class Shares 0.20% of the average daily net asset value1 ---------------------------------------- ----------------------------------------------------------------------------- * Institutional Class Shares 0.015% of the average daily net asset value ---------------------------------------- -----------------------------------------------------------------------------
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Homestead Funds Trust)
Delegated Duties. 4.1 Consistent with the services provided by the Transfer Agent and with respect to the ownership of shares in the Strong Funds Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Provide a qualified AML Compliance Officer to administer and oversee the Fund's AML Program;
(b) Submit all financial new account and non-financial registration maintenance transactions through the Office of Foreign Assets Control ("OFAC") database and such other lists or databases as may be required from time to time by applicable regulatory authorities;
(bc) Review Submit special payee checks through OFAC database;
SCHEDULE 1. 2(F) AML DELEGATION (CONTINUED)
(cd) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;
(de) Review wires sent pursuant to banking instructions other than those on file with the Transfer Agent;
(ef) Review accounts with small balances followed by large purchases;
(fg) Review accounts with frequent activity within a specified date range followed by a large redemption;
(gh) On a daily basis, review purchase and redemption activity per tax identification number ("TIN") within the Strong Funds Fund to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(hi) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(ij) Determine when a suspicious activity report ("SAR") should be filed as required by regulations applicable to mutual funds; prepare and file the SAR. Provide the Strong Funds Fund with a copy of the SAR within a reasonable time after filing; notify the Strong Funds Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(jk) Compare account information to any FinCEN request received by the Strong Funds Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Strong Funds Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and
(k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties)
(i) verify Verify the identity of any person seeking to open an account with the Strong FundsFund, (ii) maintain records of the information used to verify the person's identity and (iii) determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Strong Funds Fund by any government agency.
4.2 . In the event that the Transfer Agent detects activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a SAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Strong Funds Anti Money Laundering Compliance OfficerFund, unless prohibited by applicable law. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. By: ___________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ 18 SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES (The following procedures set forth certain responsibilities which are customarily handled by TPAs and which will not be the responsibility of the Transfer Agent under this Agreement.)
1. On each day on which both the New York Stock Exchange and the Strong Funds are open for business (a "Business Day"), TPA(s) will receive, on behalf of and as agent of the Strong Funds, Instructions (as hereinafter defined) from the Plan. Instructions shall mean (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the term of the Plan, but not later than the time of day at which the net asset value of a Strong Fund is calculated, as described from time to time in that Strong Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. In connection with the receipt of such Instructions, the following actions shall be the responsibility of the TPA and not the Transfer Agent. The TPAs shall:
a. Communicate acceptance of such Instructions, to the applicable Plan.
b. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, instruct the Strong Funds' custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Strong Fund, the TPA(s), and the Transfer Agent.
c. Maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) will maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
d. Maintain records for each Plan of all proceeds of redemptions of Shares and all other distributions not reinvested in Shares.
e. Prepare, and transmit to each of the Plans, periodic account statements showing the total number of Shares owned by that Plan as of the statement closing date, purchases and redemptions of Shares by the Plan during the period covered by the statement, and the dividends and other distributions paid to the Plan on Shares during the statement period (whether paid in cash or reinvested in Shares).
f. At the request and expense of each Strong Fund, transmit to the Plans prospectuses, proxy materials, reports, and other information provided by each Strong Fund for delivery to its shareholders.
g. At the request of each Strong Fund, to prepare and transmit to each Strong Fund or any agent designated by it such periodic reports covering Shares of each Plan as each Strong Fund shall reasonably conclude are necessary to enable the Strong Fund to comply with state Blue Sky requirements.
h. Transmit to the Plans confirmation of purchase orders and redemption requests placed by the Plans; and
i. With respect to Shares, maintain account balance information for the Plan(s) and daily and monthly purchase summaries expressed in Shares and dollar amounts.
3. Plan sponsors may request, or the law may require, that prospectuses, proxy materials, periodic reports and other materials relating to each Strong Fund be furnished to Participants in which event the Transfer Agent or each Strong Fund shall mail or cause to be mailed such materials to Participants. With respect to any such mailing, the TPA(s) shall, at the request of the Transfer Agent or each Strong Fund, provide at the TPA(s)'s expense a complete and accurate set of mailing labels with the name and address of each Participant having an interest through the Plans in Shares. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. BY:_________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 3.1 FEE SCHEDULE C Fee Schedule Fees are billable on a monthly basis at the rate of 1/12 of the annual fee. A charge is made for an account in the month that an account opens or closesopens. ---------------------------------------- ----------------------------------------------------------------------------- FUND/SHARE CLASS TOTAL FEE(SAnnual Base Fee of $ per Fund. Annual Fee for use of FI(2) ---------------------------------------- ----------------------------------------------------------------------------- * Class and TAWeb services of $ Annual Fee for use of Interactive Voice Response ("IVR") System of $ Annual Open Account Fee of $ per open account (direct and NSCC) Annual Inactive Account Fee of: $ per inactive account(1). Annual Closed Account Fee of $ per closed account(2).
(1) An inactive account is an account with a zero balance that has had activity in the last eighteen months.
(2) A Shares 0.20% closed account is an account with a zero balance that has not had activity in the last eighteen months. The following list includes some, but not all, of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class B Shares 0.20% Out-of-Pocket Fees and expenses that may be incurred by ALPS from outside vendors. All Out-of-Pocket Fees and expenses, whether or not listed below, are passed directly through at cost to our clients as Out-of-Pocket Fees and expenses. The following fees are estimates and are subject to change: • $ annual fee on fiduciary accounts (may be charged to shareholders directly at the direction of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class C Shares 0.20% Funds) • Monthly NSCC-interface fees • The cost of printing and mailing shareholder confirmations and statements • The cost of fund-specific statement paper and envelopes • Postage • SAS 70 reporting fees (calculated on a pro-rata basis per Fund) • Customized programming • Other miscellaneous expenses that may occur at the Trust's direction ALPS FUND SERVICES, INC. RMR FUNDS SERIES TRUST By: By: Name: Name: Xxxx X. Xxxxxxx Title: Title: President The Transfer Agent will require verification of all of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class L Shares 0.20% following by the caller o Social Security number or Tax ID number o Account Registration / Legal Name of Account o Mailing Address of Record The Transfer Agent will require that the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class K Shares 0.20% of fax contain an authorized signature for verification. In addition, for faxed applications, the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Equity Funds $27.00 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Income Funds $31.50 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Equity $27.00 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Income $31.50 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- *Investor Class Shares of $32.50 annual open account fee, $4.20 closed account fee Money Funds ---------------------------------------- ----------------------------------------------------------------------------- * Advisor Class Shares 0.20% of Transfer Agent will require the average daily net asset value1 ---------------------------------------- ----------------------------------------------------------------------------- * Institutional Class Shares 0.015% of shareholder to mail the average daily net asset value ---------------------------------------- -----------------------------------------------------------------------------original in a timely manner.
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (RMR Funds Series Trust)
Delegated Duties. 4.1 Consistent with the services provided by the Transfer Agent and with respect to the ownership of shares in the Strong Funds Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:: Schedule 1.2(f) - 1 SCHEDULE 1.2(F) (continued) AML DELEGATION DATED: MAY 14, 2007
(a) Submit all financial new account and non-financial registration maintenance transactions through the Office of Foreign Assets Control ("OFAC") database and such other lists or databases as may be required from time to time by applicable regulatory authorities;
(b) Review Submit special payee checks through OFAC database;
SCHEDULE 1. 2(F) AML DELEGATION (CONTINUED)
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;
(d) Review wires sent pursuant to banking instructions other than those on file with the Transfer Agent;
(e) Review accounts with small balances followed by large purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number ("TIN") within the Strong Funds Fund to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report ("SAR") should be filed as required by regulations applicable to mutual funds; prepare and file the SAR. Provide the Strong Funds Fund with a copy of the SAR within a reasonable time after filing; notify the Strong Funds Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Strong Funds Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Strong Funds Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and
(k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties)
(i) verify Verify the identity of any person seeking to open an account with the Strong FundsFund, (ii) maintain Maintain records of the information used to verify the person's identity and (iii) determine Determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Strong Funds Fund by any government agency.. Schedule 1.2(f) - 2 SCHEDULE 1.2(F) (continued) AML DELEGATION DATED: MAY 14, 2007
4.2 In the event that the Transfer Agent detects activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a SAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Strong Funds Anti Money Laundering Compliance OfficerFund, unless prohibited by applicable law. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity FIFTH THIRD FUNDS BOSTON FINANCIAL DATA SERVICES, INC. By: ____________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:By: ________________________________ Name: __________________________________ Name: ______________________________ Title: _________________________________ Title: _____________________________ Authorized Officer on behalf of the Fund and each of the Portfolios indicated on Schedule A Schedule 1.2(f) - 3 SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES (The following procedures set forth certain responsibilities which are customarily handled by TPAs and which will not be the responsibility of the Transfer Agent under this Agreement.)Dated: May 14, 2007
1. On each day on which both the New York Stock Exchange and the Strong Funds Fund are open for business (a "Business Day"), the TPA(s) will shall receive, on behalf of and as agent of the Strong FundsFund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to the Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the term of the Plan, but not later than the time of day at which the net asset value of a Strong the Fund is calculated, as described from time to time in that Strong Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. In connection with The TPA(s) shall communicate the receipt of such Instructions, the following actions shall be the responsibility of the TPA and not the Transfer Agent. The TPAs shall:
a. Communicate TPA(s)'s acceptance of such Instructions, to the applicable Plan.
b. 3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Strong Funds' Fund's custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Strong the Fund, the TPA(s), and the Transfer Agent.
c. Maintain 4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) will shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
d. Maintain records for each Plan of all proceeds of redemptions of Shares and all other distributions not reinvested in Shares.
e. Prepare, and transmit to each of the Plans, periodic account statements showing the total number of Shares owned by that Plan as of the statement closing date, purchases and redemptions of Shares by the Plan during the period covered by the statement, and the dividends and other distributions paid to the Plan on Shares during the statement period (whether paid in cash or reinvested in Shares).
f. At the request and expense of each Strong Fund, transmit to the Plans prospectuses, proxy materials, reports, and other information provided by each Strong Fund for delivery to its shareholders.
g. At the request of each Strong Fund, to prepare and transmit to each Strong Fund or any agent designated by it such periodic reports covering Shares of each Plan as each Strong Fund shall reasonably conclude are necessary to enable the Strong Fund to comply with state Blue Sky requirements.
h. Transmit to the Plans confirmation of purchase orders and redemption requests placed by the Plans; and
i. With respect to Shares, maintain account balance information for the Plan(s) and daily and monthly purchase summaries expressed in Shares and dollar amounts.
3. Plan sponsors may request, or the law may require, that prospectuses, proxy materials, periodic reports and other materials relating to each Strong Fund be furnished to Participants in which event the Transfer Agent or each Strong Fund shall mail or cause to be mailed such materials to Participants. With respect to any such mailing, the TPA(s) shall, at the request of the Transfer Agent or each Strong Fund, provide at the TPA(s)'s expense a complete and accurate set of mailing labels with the name and address of each Participant having an interest through the Plans in Shares. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. BY:_________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 3.1 FEE SCHEDULE Fees are billable on a monthly basis at the rate of 1/12 of the annual fee. A charge is made for an account in the month that an account opens or closes. ---------------------------------------- ----------------------------------------------------------------------------- FUND/SHARE CLASS TOTAL FEE(S) ---------------------------------------- ----------------------------------------------------------------------------- * Class A Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class B Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class C Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class L Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class K Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Equity Funds $27.00 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Income Funds $31.50 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Equity $27.00 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Income $31.50 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- *Investor Class Shares of $32.50 annual open account fee, $4.20 closed account fee Money Funds ---------------------------------------- ----------------------------------------------------------------------------- * Advisor Class Shares 0.20% of the average daily net asset value1 ---------------------------------------- ----------------------------------------------------------------------------- * Institutional Class Shares 0.015% of the average daily net asset value ---------------------------------------- -----------------------------------------------------------------------------
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Fifth Third Funds)
Delegated Duties. 4.1 Consistent with the services provided by the Transfer Agent and with respect to the ownership of shares in the Strong Funds Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("OFAC") database and such other lists or databases as may be required from time to time by applicable regulatory authorities;
(b) Review special payee checks through OFAC database;
SCHEDULE 1. 2(F) AML DELEGATION (CONTINUED)
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;; SCHEDULE 1.2(G) AML DELEGATION (CONTINUED)
(d) Review wires sent pursuant to banking instructions other than those on file with the Transfer Agent;
(e) Review accounts with small balances followed by large purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number ("TIN") within the Strong Funds to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report ("SAR") should be filed as required by regulations applicable to mutual funds; prepare and file the SAR. Provide the Strong Funds Fund with a copy of the SAR within a reasonable time after filing; notify the Strong Funds Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Strong Funds Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Strong Funds Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and
(k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties)
(i) verify the identity of any person seeking to open an account with the Strong FundsFund, (ii) maintain records of the information used to verify the person's identity and (iii) determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Strong Funds Fund by any government agency.
4.2 In the event that the Transfer Agent detects activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a SAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Strong Funds Anti Money Laundering Compliance OfficerFund, unless prohibited by applicable law. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. THE ARMADA ADVANTAGE FUND STATE STREET BANK AND TRUST COMPANY By: ___________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ /s/ Herbert R. Martens, Jr. By: /s/ Joseph L. Hooley --------------------------- -------------------- SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES (The following procedures set forth certain responsibilities which are customarily handled by TPAs and which will not be the responsibility of the Transfer Agent under this Agreement.)Dated October 26, 2004
1. On each day on which both the New York Stock Exchange and the Strong Funds Fund are open for business (a "Business Day"), the TPA(s) will shall receive, on behalf of and as agent of the Strong FundsFund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the term of the Plan, but not later than the time of day at which the net asset value of a Strong Fund is calculated, as described from time to time in that Strong Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. In connection with The TPA(s) shall communicate the receipt of such Instructions, the following actions shall be the responsibility of the TPA and not the Transfer Agent. The TPAs shall:
a. Communicate TPA(s)'s acceptance of such Instructions, to the applicable Plan.
b. 3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Strong Funds' Fund's custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Strong Fund, the TPA(s), and the Transfer Agent.
c. Maintain 4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) will shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
d. Maintain records for each Plan of all proceeds of redemptions of Shares and all other distributions not reinvested in Shares.
e. Prepare, and transmit to each of the Plans, periodic account statements showing the total number of Shares owned by that Plan as of the statement closing date, purchases and redemptions of Shares by the Plan during the period covered by the statement, and the dividends and other distributions paid to the Plan on Shares during the statement period (whether paid in cash or reinvested in Shares).
f. At the request and expense of each Strong Fund, transmit to the Plans prospectuses, proxy materials, reports, and other information provided by each Strong Fund for delivery to its shareholders.
g. At the request of each Strong Fund, to prepare and transmit to each Strong Fund or any agent designated by it such periodic reports covering Shares of each Plan as each Strong Fund shall reasonably conclude are necessary to enable the Strong Fund to comply with state Blue Sky requirements.
h. Transmit to the Plans confirmation of purchase orders and redemption requests placed by the Plans; and
i. With respect to Shares, maintain account balance information for the Plan(s) and daily and monthly purchase summaries expressed in Shares and dollar amounts.
3. Plan sponsors may request, or the law may require, that prospectuses, proxy materials, periodic reports and other materials relating to each Strong Fund be furnished to Participants in which event the Transfer Agent or each Strong Fund shall mail or cause to be mailed such materials to Participants. With respect to any such mailing, the TPA(s) shall, at the request of the Transfer Agent or each Strong Fund, provide at the TPA(s)'s expense a complete and accurate set of mailing labels with the name and address of each Participant having an interest through the Plans in Shares. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. BY:_________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 3.1 FEE SCHEDULE Fees are billable on a monthly basis at the rate of 1/12 of the annual fee. A charge is made for an account in the month that an account opens or closes. ---------------------------------------- ----------------------------------------------------------------------------- FUND/SHARE CLASS TOTAL FEE(S) ---------------------------------------- ----------------------------------------------------------------------------- * Class A Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class B Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class C Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class L Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class K Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Equity Funds $27.00 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Income Funds $31.50 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Equity $27.00 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Income $31.50 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- *Investor Class Shares of $32.50 annual open account fee, $4.20 closed account fee Money Funds ---------------------------------------- ----------------------------------------------------------------------------- * Advisor Class Shares 0.20% of the average daily net asset value1 ---------------------------------------- ----------------------------------------------------------------------------- * Institutional Class Shares 0.015% of the average daily net asset value ---------------------------------------- -----------------------------------------------------------------------------
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Armada Advantage Fund)
Delegated Duties. 4.1 Consistent with the services provided by the Transfer Agent and with respect to the ownership of shares in the Strong Funds Fund for which the Transfer Agent maintains the applicable shareholder information, the Transfer Agent shall:
(a) Submit all financial and non-financial transactions through the Office of Foreign Assets Control ("OFAC") database and such other lists or databases as may be required from time to time by applicable regulatory authorities;
(b) Review special payee checks through OFAC database;
SCHEDULE 1. 2(F) AML DELEGATION (CONTINUED)
(c) Review redemption transactions that occur within thirty (30) days of account establishment or maintenance;; SCHEDULE 1.2(g) AML DELEGATION (continued)
(d) Review wires sent pursuant to banking instructions other than those on file with the Transfer Agent;
(e) Review accounts with small balances followed by large purchases;
(f) Review accounts with frequent activity within a specified date range followed by a large redemption;
(g) On a daily basis, review purchase and redemption activity per tax identification number ("TIN") within the Strong Funds to determine if activity for that TIN exceeded the $100,000 threshold on any given day;
(h) Monitor and track cash equivalents under $10,000 for a rolling twelve-month period and file IRS Form 8300 and issue the Shareholder notices required by the IRS;
(i) Determine when a suspicious activity report ("SAR") should be filed as required by regulations applicable to mutual funds; prepare and file the SAR. Provide the Strong Funds Fund with a copy of the SAR within a reasonable time after filing; notify the Strong Funds Fund if any further communication is received from U.S. Department of the Treasury or other law enforcement agencies regarding the SAR;
(j) Compare account information to any FinCEN request received by the Strong Funds Fund and provided to the Transfer Agent pursuant to USA PATRIOT Act Sec. 314(a). Provide the Strong Funds Fund with documents/information necessary to respond to requests under USA PATRIOT Act Sec. 314(a) within required time frames; and
(k) In accordance with procedures agreed upon by the parties (which may be amended from time to time by mutual agreement of the parties)
(i) verify the identity of any person seeking to open an account with the Strong FundsFund, (ii) maintain records of the information used to verify the person's identity and (iii) determine whether the person appears on any lists of known or suspected terrorists or terrorists organizations provided to the Strong Funds Fund by any government agency.
4.2 In the event that the Transfer Agent detects activity as a result of the foregoing procedures, which necessitates the filing by the Transfer Agent of a SAR, a Form 8300 or other similar report or notice to OFAC, then the Transfer Agent shall also immediately notify the Strong Funds Anti Money Laundering Compliance OfficerFund, unless prohibited by applicable law. Each of the Strong Funds listed on Exhibit A BYXXXXXXXXXX INSTITUTIONAL SERIES BOSTON FINANCIAL DATA SERVICES, INC. By: By: --------------------------------- -------------------------------- Name: Name: --------------------------------- -------------------------------- Title: Title: --------------------------------- -------------------------------- SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES Dated ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. By: ___________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 2.1 THIRD PARTY ADMINISTRATOR(S) PROCEDURES (The following procedures set forth certain responsibilities which are customarily handled by TPAs and which will not be the responsibility of the Transfer Agent under this Agreement.)
1. On each day on which both the New York Stock Exchange and the Strong Funds Fund are open for business (a "Business Day"), the TPA(s) will shall receive, on behalf of and as agent of the Strong FundsFund, Instructions (as hereinafter defined) from the Plan. Instructions shall mean as to each Fund (i) orders by the Plan for the purchases of Shares, and (ii) requests by the Plan for the redemption of Shares; in each case based on the Plan's receipt of purchase orders and redemption requests by Participants in proper form by the time required by the term terms of the Plan, but not later than the time of day at which the net asset value of a Strong Fund is calculated, as described from time to time in that Strong Fund's prospectus. Each Business Day on which the TPA receives Instructions shall be a "Trade Date".
2. In connection with The TPA(s) shall communicate the receipt of such Instructions, the following actions shall be the responsibility of the TPA and not the Transfer Agent. The TPAs shall:
a. Communicate TPA(s)'s acceptance of such Instructions, to the applicable Plan.
b. 3. On the next succeeding Business Day following the Trade Date on which it accepted Instructions for the purchase and redemption of Shares, (TD+1), the TPA(s) shall notify the Transfer Agent of the net amount of such purchases or redemptions, as the case may be, for each of the Plans. In the case of net purchases by any Plan, the TPA(s) shall instruct the Trustees of such Plan to transmit the aggregate purchase price for Shares by wire transfer to the Transfer Agent on (TD+1). In the case of net redemptions by any Plan, the TPA(s) shall instruct the Strong Funds' Fund's custodian to transmit the aggregate redemption proceeds for Shares by wire transfer to the Trustees of such Plan on (TD+1). The times at which such notification and transmission shall occur on (TD+1) shall be as mutually agreed upon by each Strong Fund, the TPA(s), and the Transfer Agent.
c. Maintain 4. The TPA(s) shall maintain separate records for each Plan, which record shall reflect Shares purchased and redeemed, including the date and price for all transactions, and Share balances. The TPA(s) will shall maintain on behalf of each of the Plans a single master account with the Transfer Agent and such account shall be in the name of that Plan, the TPA(s), or the nominee of either thereof as the record owner of Shares owned by such Plan.
d. Maintain records for each Plan of all proceeds of redemptions of Shares and all other distributions not reinvested in Shares.
e. Prepare, and transmit to each of the Plans, periodic account statements showing the total number of Shares owned by that Plan as of the statement closing date, purchases and redemptions of Shares by the Plan during the period covered by the statement, and the dividends and other distributions paid to the Plan on Shares during the statement period (whether paid in cash or reinvested in Shares).
f. At the request and expense of each Strong Fund, transmit to the Plans prospectuses, proxy materials, reports, and other information provided by each Strong Fund for delivery to its shareholders.
g. At the request of each Strong Fund, to prepare and transmit to each Strong Fund or any agent designated by it such periodic reports covering Shares of each Plan as each Strong Fund shall reasonably conclude are necessary to enable the Strong Fund to comply with state Blue Sky requirements.
h. Transmit to the Plans confirmation of purchase orders and redemption requests placed by the Plans; and
i. With respect to Shares, maintain account balance information for the Plan(s) and daily and monthly purchase summaries expressed in Shares and dollar amounts.
3. Plan sponsors may request, or the law may require, that prospectuses, proxy materials, periodic reports and other materials relating to each Strong Fund be furnished to Participants in which event the Transfer Agent or each Strong Fund shall mail or cause to be mailed such materials to Participants. With respect to any such mailing, the TPA(s) shall, at the request of the Transfer Agent or each Strong Fund, provide at the TPA(s)'s expense a complete and accurate set of mailing labels with the name and address of each Participant having an interest through the Plans in Shares. Each of the Strong Funds listed on Exhibit A BY: ___________________________________ A duly authorized officer of each such Entity BOSTON FINANCIAL DATA SERVICES, INC. BY:_________________________________ XXXXX FARGO FUNDS MANAGEMENT LLC BY:_________________________________ SCHEDULE 3.1 FEE SCHEDULE Fees are billable on a monthly basis at the rate of 1/12 of the annual fee. A charge is made for an account in the month that an account opens or closes. ---------------------------------------- ----------------------------------------------------------------------------- FUND/SHARE CLASS TOTAL FEE(S) ---------------------------------------- ----------------------------------------------------------------------------- * Class A Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class B Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class C Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class L Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class K Shares 0.20% of the average daily net asset value ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Equity Funds $27.00 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Class Z Shares of Income Funds $31.50 annual open account fee, $4.20 closed account fee ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Equity $27.00 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- * Investor Class Shares of Income $31.50 annual open account fee, $4.20 closed account fee Funds ---------------------------------------- ----------------------------------------------------------------------------- *Investor Class Shares of $32.50 annual open account fee, $4.20 closed account fee Money Funds ---------------------------------------- ----------------------------------------------------------------------------- * Advisor Class Shares 0.20% of the average daily net asset value1 ---------------------------------------- ----------------------------------------------------------------------------- * Institutional Class Shares 0.015% of the average daily net asset value ---------------------------------------- -----------------------------------------------------------------------------
Appears in 1 contract
Samples: Transfer Agency and Service Agreement (Hansberger Institutional Series)
