Trust Assets Basis Points. Aggregate net assets of the Trust 6 Annual Minimum Fee (calculated and paid on a monthly basis): Trust Annual Minimum Fee The Community Reinvestment Act Qualified Investment Fund $250,000 Additional Classes: • $15,000 per class, per annum Out of Pocket Expenses: All reasonable out of pocket expenses (i.e., blue sky fees, fulfillment charges, pricing service fees, postage, registration fees, facsimile and telephone charges) incurred by the Administrator on behalf of the Trust will be billed to the Trust quarterly in arrears.
Trust Assets Basis Points. First $250 million in aggregate net assets 8 Next $250 million in aggregate net assets 6 Aggregate net assets in excess of $500 million 4 Annual Minimum Fee (calculated and paid on a monthly basis): Annual Minimum Fee City National Rochdale Strategic Credit Fund $125,000 Additional Share Classes: $15,000 per annum per class Quarterly Redemption Services Fees: $2,500 per quarter payable for services provided to support SEC filings relating to quarterly redemption processing
Trust Assets Basis Points. First $2.5 billion in aggregate net assets 6.5 Next $2.5 billion in aggregate net assets 4.5 Next $2.5 billion in aggregate net assets 2.5 Aggregate net assets in excess of $7.5 billion 2.0 Annual Minimum Fee (calculated and paid on a monthly basis): Portfolios Annual Minimum Fee Large Cap Growth Equity Fund Large Cap Value Equity Fund RCB Small Cap Value Fund Multi-Asset Fund Corporate Bond Fund Government Bond Fund California Tax Exempt Bond Fund High Yield Bond Fund Prime Money Market Fund Government Money Market Fund California Tax Exempt Money Market Fund AHA Diversified Equity Fund AHA Limited Maturity Equity Fund AHA Full Maturity Equity Fund AHA Balanced Fund AHA Socially Responsible Equity Fund Opportunistic Value Fund $ 90,000/Portfolio
Trust Assets Basis Points. First $2 billion in aggregate net assets 15 Next $2 billion in aggregate net assets 12 Aggregate net assets in excess of $4 billion 10 Annual Minimum Fee (calculated and paid on a monthly basis): Annual Minimum Fee Year 1 (includes up to 2 new Funds for a total of 2 funds) $135,000 Year 2 (includes up to 4 new Funds for a total of 6 funds) $275,000 Year 3 (includes up to 6 new Funds for a total of 12 funds) $375,000 Minimum Fee commences upon Live Date of each Fund. Each Fund launched in addition to the incremental Funds as set forth on the table above will be subject to an additional annual minimum of $80,000.
Trust Assets Basis Points. First $_____ million in aggregate net assets Next $_____ million in aggregate net assets Aggregate net assets in excess of $____ million Annual Minimum Fee (calculated and paid on a monthly basis): Annual Minimum Fee $ Investor Servicing Fee: $_______ per annum per investor account charge $_______ per new investor account setup $_______ per investor transaction Additional Portfolios: • $__________ per annum per Portfolio Out of Pocket Expenses: All reasonable out of pocket expenses (i.e., blue sky fees, fulfillment charges, pricing service fees, postage, registration fees, facsimile and telephone charges) incurred by the Administrator on behalf of the Trust will be billed to the Trust quarterly in arrears.
Trust Assets Basis Points. First $250 million in aggregate net assets 10 BPS Next $750 million in aggregate net assets 9 BPS Aggregate net assets in excess of $1 billion 8 BPS Annual Minimum Fee (calculated and paid on a monthly basis): Fund Annual Minimum Fee Each Fund of the Trust $ 85,000
Trust Assets Basis Points. First $500 million in aggregate net assets 12 Next $500 million in aggregate net assets 10 Aggregate net assets in excess of $1 billion 8 Annual Minimum Fee including up to 2 classes per Portfolio (calculated and paid monthly): Contract Year Annual Minimum Fee For the period ending as of the one year anniversary of the Live Date (“Year One”) $ 357,000 *† For the period beginning as immediately following the expiration of Year One and continuing for twelve months (“Year Two”) $ 400,000 * For the period beginning as immediately following the expiration of Year Two and continuing for twelve months (“Year Three”) and each successive twelve month period thereafter $ 450,000 * * In the event that one or more new Portfolios are added to this Agreement after the Effective Date, the Annual Minimum Fee shall be increased by the applicable amounts set forth below: During Year One $75,000 per new Portfolio During Year Two $80,000 per new Portfolio During Year Three and thereafter $90,000 per new Portfolio † So long as the Trust is not in material breach of its obligations under this Agreement, the Administrator shall waive 75% of the Annual Minimum Fee otherwise payable during the first three months of Year One and 50% of the Annual Minimum Fee otherwise payable during the next three months of Year One, such that, to the extent that the Annual Minimum Fee is implicated, the monthly payments due and payable to the Administrator during Year One of the Agreement shall be subject to the schedule set forth below: Month Monthly Fee Month Monthly Fee 1 $ 7,813 7 $ 31,250 2 $ 7,813 8 $ 31,250 2 $ 7,813 9 $ 31,250 4 $ 15,625 10 $ 31,250 5 $ 15,625 11 $ 31,250 5 $ 15,625 12 $ 31,250 Page 1 of 1 Model Mutual Fund Administration Agreement SEI - 121.487v2 THIS DOCUMENT CONSTITUTES CONFIDENTIAL INFORMATION OF SEI GLOBAL SERVICES, INC. This schedule of first year waivers as a percentage also applies to any new portfolios added subsequent to the initial 5 listed in Schedule I Additional Classes: · $15,000 per annum per class for each class in excess of two per Portfolio
Trust Assets Basis Points. First $5 billion in aggregate net assets of the Trust __ Next $5 billion in aggregate net assets of the Trust __ Aggregate net assets of the Trust in excess of $10 billion __ * Notwithstanding the foregoing, each of the Sub-Administrator and GXMC agree that solely with respect to the [ ]. For the avoidance of doubt, the Asset Based Fees payable to the Sub-Administrator for aggregate net assets of the Trust in excess of $5 billion shall not be subject to any limitation and the fees set forth in the table above shall apply. For example purposes, [ ]. For further example purposes, [ ]:
Trust Assets Basis Points. First $10 billion in aggregate net assets of the Trust [ ] Next $30 billion in aggregate net assets of the Trust [ ] Next $35 billion in aggregate net assets of the Trust [ ] Next $25 billion in aggregate net assets of the Trust [ ] Aggregate net assets of the Trust in excess of $100 billion [ ] Asset Based Fees payable from June 1, 2022 through August 31, 2022: (assessed monthly in arrears based on the aggregate average daily net assets of the Trust:
Trust Assets Basis Points. First $10 billion in aggregate net assets of the Trust [ ] Next $30 billion in aggregate net assets of the Trust [ ] Next $35 billion in aggregate net assets of the Trust [ ] Next $25 billion in aggregate net assets of the Trust [ ] Aggregate net assets of the Trust in excess of $100 billion [ ] Asset Based Fees payable from and after September 1, 2022: (assessed monthly in arrears based on the aggregate average daily net assets of the Trust: Trust Assets Basis Points First $40 billion in aggregate net assets of the Trust [ ] Next $35 billion in aggregate net assets of the Trust [ ] Next $25 billion in aggregate net assets of the Trust [ ] Aggregate net assets of the Trust in excess of $100 billion [ ] Annual Minimum Fee (calculated and paid on a monthly basis): Funds Annual Minimum Fee Up to the first 20 Funds set forth on Schedule I of this Agreement [ ]* Each Additional Fund set forth on Schedule I of this Agreement [ ]** SEI 347428 7 * Notwithstanding the Annual Minimum Fee set forth herein, in the event that a significant number of Funds liquidate or otherwise cease to be included on Schedule I such that the Trust consists of 12 or less Funds, the Annual Minimum Fee shall be reduced to equal [ ] per Fund. If the [ ] per Fund Annual Minimum Fee is implemented due to such reduction of the number of Funds included on Schedule I, the Trust, GXMC and the Sub-Administrator shall meet and negotiate in good faith as to mutually agreeable adjustments to this Schedule III (Fees). ** The Annual Minimum Fee as applicable to each Fund beyond the first 20 Funds set forth on Schedule I of this Agreement commences upon Live Date of each such Fund.
