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EXHIBIT (h)(4)
AMENDED AND RESTATED
BOOKKEEPING AND PRICING AGREEMENT
Between
FINANCIAL INVESTORS TRUST
and
ALPS MUTUAL FUNDS SERVICES, INC.
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BOOKKEEPING AND PRICING AGREEMENT
AGREEMENT made this 14th day of December, 1999 between FINANCIAL
INVESTORS Trust, a Delaware business trust having its principal office at 000
Xxxxxxxxxxx Xxxxxx, Xxxxx 0000, Xxxxxx, Xxxxxxxx 00000 (the "Trust") and ALPS
MUTUAL FUNDS SERVICES, INC., a Colorado corporation having its principal office
at 000 Xxxxxxxxxxx Xxxxxx, Xxxxx 0000, Xxxxxx, Xxxxxxxx 00000 (the "Agent").
WHEREAS, the Trust is an open-end management investment company
registered under the Investment Company Act of 1940 which presently offers
shares in separate series, as described in Appendix A to this Agreement, (herein
referred to individually as a "Portfolio" and collectively as the "Portfolios");
and
WHEREAS, the Trust and the Agent have entered into an Administration
Agreement, (the "Administration Agreement"), pursuant to which the Agent will
provide certain services; and
WHEREAS, the Trust desires to appoint the Agent as agent to perform
certain bookkeeping and pricing services for the Portfolios on behalf of the
Trust, and the Agent has indicated its willingness to so act, subject to the
terms and conditions of this Agreement.
NOW, THEREFORE, in consideration of the premises and mutual covenants
hereinafter contained, the parties hereto agree as follows:
1. Agent Appointed Bookkeeping and Pricing Agent. The Trust hereby
appoints the Agent as bookkeeping and pricing agent for the Portfolios
and the Agent agrees to provide the services contemplated herein upon
the terms and conditions hereinafter set forth.
2. Definitions. In this Agreement the terms below have the following
meanings:
(a) Authorized Person. Authorized Person means any of the persons
duly authorized to give Proper Instructions or otherwise act
on behalf of the Trust by appropriate resolution of the Board
of Trustees of the Trust. The Trust will at all times maintain
on file with the Agent certification, in such form as may be
acceptable to the Agent, of (i) the names and signatures of
the Authorized Person(s) and (ii) the names of the members of
the Board of Trustees of the Trust, it being understood that
upon the occurrence of any change in the information set forth
in the most recent certification on file (including without
limitation any person named in the most recent certification
who is no longer an Authorized Person as designated therein),
the Trust will provide a new or amended certification setting
forth the change. The Agent will be entitled to rely upon any
Proper Instruction (defined below) which has been signed by
person(s) named in the most recent certification.
(b) Proper Instructions. Proper Instructions means any request,
instruction or certification signed by one or more Authorized
Persons. Oral instructions will be considered Proper
Instructions if the Agent reasonably believes them to have
been given by an Authorized Person and they are confirmed in
writing. Proper Instructions
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may include communication effected directly between
electromechanical or electronic devices as agreed upon by the
parties hereto.
3. Duties of the Agent. The Agent agrees to provide or to arrange to
provide at its expense the following services for the Trust:
(a) Maintain separate accounts for the Portfolios, all as directed
from time to time by Proper Instructions;
(b) Timely calculate and transmit to NASDAQ if eligible each
Portfolio's daily net asset value and public offering price
(such determinations to be made in accordance with the
provisions of the Declaration of Trust and the appropriate
prospectus and statement of additional information relating to
the Portfolios, and any applicable resolutions of the Board of
Trustees of the Trust) and promptly communicate such values
and prices to the Portfolios and the Portfolios' transfer
agent;
(c) Maintain and keep current all books and records of the Fund as
required by Section 31 of the 1940 Act and the rules
promulgated thereunder ("Section 31") in connection with the
Agent's duties hereunder. The Agent shall comply with all
laws, rules and regulations applicable to the performance of
its obligations hereunder. Without limiting the generality of
the foregoing, the Agent will prepare and maintain the
following records upon receipt of information in proper form
from Authorized Persons of the Trust:
(i) Cash receipts journal
(ii) Cash disbursements journal
(iii) Dividend records
(iv) Purchase and sales - portfolio securities journals
(v) Subscription and redemption journals
(vi) Security ledgers
(vii) Broker ledgers
(viii) General ledger
(ix) Daily expense accruals
(x) Daily income accruals
(xi) Securities and monies borrowed or loaned and
collateral therefore
(xii) Foreign currency journals
(xiii) Trial balances
(d) Provide the Trust and its investment adviser(s) with daily
portfolio values, net asset values and other statistical data
for each Portfolio as requested from time to time.
(e) Compute the net income, exempt interest income and capital
gains of the Portfolio for dividend purposes in accordance
with relevant prospectus policies and resolutions of the Board
of Trustees of the Trust.
(f) Provide the Portfolio and its investment adviser(s) with
copies of the semi-annual and annual financial statements to
be furnished to shareholders of each Portfolio and all raw
financial data necessary for the timely preparation of tax
returns, Form N-SAR, prospectus updates, Rule 24f-2 filings
and proxy statements.
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(g) Provide facilities to accommodate annual audits and any audits
or examinations conducted by the Securities and Exchange
Commission or other governmental entities.
(h) Provide audited financial statements regarding the Agent on an
annual basis, as requested. Such audits shall be conducted by
an independent accounting firm mutually agreed upon by the
Agent and the Trust.
(i) Furnish to the Trust at the end of every month, and at the
close of each quarter of the Trust's fiscal year, a list of
the portfolio securities and the aggregate amount of cash in
the Portfolios.
(j) Assist in the preparation of certain reports, audits of
accounts, and other matters of like nature, as reasonably
requested from time to time by the Trust.
The Agent shall for all purposes be deemed to be an independent
contractor and shall, unless otherwise expressly authorized, have no
authority to act for or represent the Fund in any way or otherwise be
deemed an agent of the Trust.
4. Subcontractors. It is understood that the Agent may from time to time
at its own expense delegate the performance of all or a portion of its
obligations under this Agreement to one or more persons (hereinafter
"subcontractor(s)") as the Agent may believe to be particularly fit to
assist it in the performance of this Agreement. The Agent shall provide
oversight over any subcontractor(s) who shall in turn provide services
pursuant to an agreement with the Agent approved by a resolution of the
Board of Trustees of the Trust.
5. Instructions to the Agent. The Agent shall promptly take all
appropriate steps necessary to carry out or comply with any Proper
Instructions received from the Trust.
6. Agent Compensation. In consideration for the services to be performed
by the Agent, the Agent shall be entitled to receive from the Fund such
compensation as set forth in the Administration Agreement.
7. Liability of the Agent.
(a) The Agent may rely upon the written advice of counsel for the
Trust and the Trust's independent accountants, and upon oral
or written statements of brokers and other persons reasonably
believed by the Agent in good faith to be an expert in the
matters upon which they are consulted and, for any actions
reasonably taken in good faith reliance upon such advice or
statements and without gross negligence, the Agent shall not
be liable to anyone.
(b) Nothing herein contained shall be construed to protect the
Agent against any liability to the Trust or its security
holders to which the Agent would otherwise be subject by
reason of willful misfeasance, bad faith or gross negligence
in the performance of its duties.
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(c) Except as may otherwise be provided by applicable law, neither
the Agent nor its shareholders, officers, directors, employees
or agents shall be subject to, and the Trust shall indemnify
and hold such persons harmless from and against, any liability
for and any damages, expenses or losses incurred by reason of
the inaccuracy of factual information furnished to the Agent
or any subcontractor(s) by an Authorized Person of the Fund.
(d) The Agent shall ensure that it or any subcontractors have and
maintain Errors and Omissions Insurance for the services
rendered under this Agreement of at least S1 million (provided
the Board of Trustees of the Trust may by resolution approve
some lesser amount). The Agent shall provide to the Trust
annually a certificate from the appropriate errors and
omissions insurance carrier(s) certifying that such Errors and
Omissions Insurance is in full force and effect.
8. Reports. Whenever, in the course of performing its duties under this
Agreement, the Agent determines, on the basis of information supplied
to the Agent by the Trust or its authorized agents, that a violation of
applicable law has occurred or that, to its knowledge, a possible
violation of applicable law may have occurred or, with the passage of
time, would occur, the Agent shall promptly notify the Trust and its
counsel.
9. Activities of the Agent. The services of the Agent under this Agreement
are not to be deemed exclusive, and the Agent shall be free to render
similar services to others so long as its services hereunder are not
impaired thereby.
10. Accounts and Records. The accounts and records maintained by the Agent
shall be the property of the Trust, and shall be surrendered to the
Trust promptly upon receipt of Proper Instructions from the Trust in
the form in which such accounts and records have been maintained or
preserved. The Agent agrees to maintain a back-up set of accounts and
records of the Trust (which back-up set shall be updated on at least a
weekly basis) at a location other than that where the original accounts
and records are stored. The Agent shall assist the Trust, the Trust's
independent auditors, or, upon approval of the Trust, any regulatory
body, in any requested review of the Trust by the Agent or its
independent accountants concerning its accounting system and internal
auditing controls will be open to such entities for audit or inspection
upon reasonable request. There shall be no additional fee for these
services. The Agent shall preserve the accounts and records, as they
are required to be maintained and preserved by Section 31 of the
Investment Company Act of 1940.
11. Confidentiality. The Agent agrees that it will, on behalf of itself and
its officers and employees, treat all transactions contemplated by this
Agreement, and all other information germane thereto, as confidential
and not to be disclosed to any person except as may be authorized by
the Trust in Proper Instructions.
12. Duration and Termination of this Agreement. This Agreement shall become
effective as of the date hereof. Notwithstanding anything to the
contrary in this Agreement, the Agent may not terminate this Agreement
prior to the later of: (i) the expiration of the initial or any renewal
term of the Administration Agreement; or (ii) the effectiveness of any
termination notice pursuant to the Administration Agreement.
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Upon termination of this Agreement, the Agent shall deliver to the
Trust or as otherwise directed in Proper Instructions (at the expense
of the Fund, unless such termination is for breach of this Agreement by
the Agent) all records and other documents made or accumulated in the
performance of its duties or the duties of any subcontractor(s) for the
Trust hereunder.
13. Assignment. This Agreement shall extend to and shall be binding upon
the parties hereto and their respective successors and assigns;
provided, however, that this Agreement shall not be assignable by the
Trust without the prior written consent of the Agent, or by the Agent
without the prior written consent of the Trust.
14. Governing Law. The provisions of this Agreement shall be construed and
interpreted in accordance with the laws of the state of Colorado and
the 1940 Act and the rules thereunder. To the extent that the laws of
Colorado conflict with the 1940 Act or such rules, the latter shall
control.
15. Names. The names "Financial Investors Trust" and "Trustees of Financial
Investors Trust" refer respectively to the Trust created and the
Trustees as trustees but not individually or personally, acting from
time to time under the Declaration of Trust dated Feb. 23, 1994 and as
may be amended from time to time which is hereby referred to and a copy
of which is on file at the office of the Secretary of the State of
Delaware and the principal office of the Trust. The obligations of
"Financial Investors Trust" entered into in the name or on behalf
thereof by any of the Trustees, representatives or agents are made not
individually, but in such capacities, and are not binding upon any of
the Trustees, shareholders, or representatives of the Trust personally,
but bind only the Trust Property, and all persons dealing with any
class of shares of the Trust must look solely to the Trust Property
belonging to such class for the enforcement of any claims against the
Trust.
16. Amendments to this Agreement. No change, amendment, modification or
waiver of any term of this Agreement shall be valid unless it is in
writing and signed by both parties.
17. Notices. All notices and other communications hereunder shall be in
writing, shall be deemed to have been given when received or when sent
by telex or facsimile, and shall be given to the following addresses
(or such other addresses as to which notice is given):
TO THE AGENT:
ALPS Mutual Funds Services, Inc.
000 Xxxxxxxxxxx Xxxxxx - Xxxxx 0000
Xxxxxx, Xxxxxxxx 00000
Attn: Xxxxxxx X. Xxxx
TO THE FUND:
Financial Investors Trust
000 Xxxxxxxxxxx Xxxxxx - Xxxxx 0000
Xxxxxx, Xxxxxxxx 00000
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18. Counterparts. This Agreement may be executed by the parties hereto on
any number of counterparts, and all of said counterparts taken together
shall be deemed to constitute one and the same instrument.
19. Waiver. The waiver by either party of a breach of any provision of this
Agreement shall not operate, or be construed, as a waiver of any
subsequent breach.
20. Headings. The headings have been inserted for convenience only and are
not to be considered when interpreting the provisions of this
Agreement.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first above written.
FINANCIAL INVESTORS TRUST
By:
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ATTEST:
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ALPS MUTUAL FUNDS SERVICES, INC.
By:
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ATTEST:
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APPENDIX A
Series Offered Under Financial Investors Trust:
U.S. Treasury Money Market Fund
U.S. Government Money Market Fund
Prime Money Market Fund
Aristata Equity Fund
Aristata Quality Bond Fund
Aristata Colorado Quality Tax Exempt Bond Fund
United Association S&P 500 Index Fund
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