FORM OF AMENDMENT OF [AMENDED] SHAREHOLDER SERVICES AGREEMENT
FORM
OF AMENDMENT OF [AMENDED] SHAREHOLDER SERVICES AGREEMENT
This Amendment to
the [Amended] Shareholder Services Agreement (the "Agreement") by and between
American Funds Service Company (hereinafter, "AFS") and [Name of Fund]
(hereinafter, the "Fund") is dated as of the 1st day of November,
2008.
WHEREAS, AFS and the Fund
entered into the Agreement with regard to certain shareholder services to be
performed by AFS; and
WHEREAS, AFS and the Fund
desire to amend said Agreement in the manner hereinafter set forth;
NOW THEREFORE, pursuant to
Section 9 of the Agreement, AFS and the Fund hereby amend Section 6 of the
Agreement to read as follows:
AFS will provide to
the participating investment companies the shareholder services referred to
herein in return for the following fees:
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Annual
account maintenance fee (paid monthly):
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Fee per account (annual
rate)
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Rate
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Broker
controlled account (networked and street)
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$0.84
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Full service
account
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$18.00
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No annual fee will
be charged for a participant account underlying a 401(k) or other defined
contribution plan where the plan maintains a single account on AFS’ books and
responds to all participant inquiries.
AFS will xxxx the
Fund monthly, on or shortly after the first of each calendar month, and the Fund
will pay AFS within five business days of such billing.
Any revision of the
schedule of charges set forth herein shall require the affirmative vote of a
majority of the members of the board of [directors][trustees] of the
Fund.
[Remainder of page
intentionally left blank.]
IN WITNESS THEREOF, AFS and
the Fund have caused this Amendment to be executed by their duly authorized
officers effective as of the date first written above.
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[NAME OF
FUND]
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AMERICAN
FUNDS SERVICE COMPANY
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BY:
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BY:
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Name:
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Name:
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Title:
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Title:
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Date:
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Date:
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FORM
OF
AMENDED
AND RESTATED ADMINISTRATIVE SERVICES AGREEMENT
(a) Transfer Agent
Fees. In consideration of transfer agent services performed or
caused to be performed by the Investment Adviser for the Fund’s Class C shares,
Class F shares and Class R shares, the Fund shall pay the Investment Adviser
transfer agent fees according to the fee schedule contained in the Shareholder
Services Agreement, as amended from time to time, between the Fund and
AFS. No Transfer Agent Fees shall be paid in respect of accounts that
are held in other than street name or a networked environment. No
fees shall be paid under this paragraph 2(a) for services provided by third
parties other than AFS. All fund-specific charges from third
parties—including DST charges, postage, NSCC transaction charges and similar
out-of-pocket expenses—will be passed through directly to the
Fund. Transfer agent fees shall be paid within 30 days after receipt
of an invoice for transfer agent services performed the preceding
month.
(b) Administrative Services
Fees. In consideration of administrative services performed or
caused to be performed by the Investment Adviser for the Fund’s Class C shares,
Class F shares, Class R shares and Class 529 shares, the Fund shall pay the
Investment Adviser an administrative services fee (“administrative
fee”). For the Fund’s Class C shares, Class F-1 shares, Class F-2
shares, Class R-1 shares, Class R-2 shares, Class R-3 shares, Class R-4 shares
and Class 529 shares, the administrative fee shall accrue daily and shall be
calculated at the annual rate of 0.15% of the average net assets of those
shares. For the Fund’s Class R-5 shares, the administrative fee shall
accrue daily and shall be calculated at the annual rate of 0.10% of the average
net assets of the Class R-5 shares. For the Fund’s Class R-6 shares, the
administrative fee shall accrue daily and shall be calculated at the annual rate
of 0.05% of the average net assets of the Class R-6 shares. The
administrative fee shall be paid within 30 days after receipt of an invoice for
administrative services performed in the preceding month.
7. Choice of
Law. This Agreement shall be construed under and shall be
governed by the laws of the State of California, and the parties hereto agree
that proper venue of any action with respect hereto shall be Los Angeles County,
California.
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CAPITAL
RESEARCH AND MANAGEMENT COMPANY
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[NAME OF
FUND]
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By:
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By:
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Xxxxxxx X.
Xxxxxx, President
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[Name of
Officer], [Title]
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By:
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By:
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Xxxxxxx X.
Xxxxxx, Senior Vice President
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[Name],
Secretary
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and
Secretary
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EXHIBIT
A
to
the
Administrative
Services Agreement
The Investment
Adviser or any third party with whom it may contract, including its affiliates
(the Investment Adviser and any such third-party are collectively referred to as
“Service Provider”), shall act, as necessary, as stock transfer agent, dividend
disbursing agent and redemption agent for the Fund’s Class C shares, Class F
shares, Class R shares and Class 529 shares, and shall provide such additional
related services as the Fund’s Class C shares, Class F shares, Class R shares
and Class 529 shares may from time to time require, all of which services are
sometimes referred to herein as "shareholder services."
The Service
Provider shall maintain, and require any third parties with which it contracts
to maintain with respect to each Fund shareholder holding the Fund’s Class C
shares, Class F shares, Class R shares and/or Class 529 shares in a Service
Provider account (“Customers”) the following records:
a. Number
of Shares;
b. Date,
price and amount of purchases and redemptions (including dividend reinvestments)
and dates and amounts of dividends paid for at least the current year to
date;
c. Name
and address of the Customer, including zip codes and social security numbers or
taxpayer identification numbers;
d. Records
of distributions and dividend payments; and
e. Any
transfers of shares.
Service Provider
shall:
a. Provide
to a shareholder mailing agent for the purpose of delivering certain
Fund-related materials the names and addresses of all Customers. The
Fund-related materials shall consist of updated prospectuses and any supplements
and amendments thereto, annual and other periodic reports, proxy or information
statements and other appropriate shareholder communications. In the
alternative, the Service Provider may distribute the Fund-related materials to
its Customers.
b. Deliver
current Fund prospectuses and statements of additional information and annual
and other periodic reports upon Customer request, and, as applicable, with
confirmation statements;
c. Deliver
statements to Customers on no less frequently than a quarterly basis showing,
among other things, the number of Class C shares, Class F shares, Class R shares
and/or Class 529 shares of the Fund owned by such Customer and the net asset
value of the Class C shares, Class F shares, Class R shares and/or Class 529
shares of the Fund as of a recent date;
d. Produce
and deliver to Customers confirmation statements reflecting purchases and
redemptions of Class C shares, Class F shares, Class R shares and/or Class 529
shares of the Fund;
e. Respond
to Customer inquiries regarding, among other things, share prices, account
balances, dividend amounts and dividend payment dates;
f. With
respect to Class C and/or Class F shares of the Fund purchased by Customers
after the effective date of this Agreement, provide average cost basis reporting
to Customers to assist them in preparation of their income tax returns;
and
g. If
the Service Provider accepts transactions in the Fund’s Class C shares, Class F
shares and Class R shares from any brokers or banks in an omnibus relationship,
require each such broker or bank to provide such shareholder communications as
set forth in 2(a) through 2(f) to its own Customers.
The Service
Provider shall communicate to its Customers, as to Class C shares, Class F
shares, Class R shares and Class 529 shares of the Fund, purchase, redemption
and exchange orders reflecting the orders it receives from its Customers or from
any brokers and banks for their Customers. The Service Provider shall
also communicate to beneficial owners holding through it, and to any brokers or
banks for beneficial owners holding through them, as to shares of Class C
shares, Class F shares, Class R shares and Class 529 shares of the Fund,
mergers, splits and other reorganization activities, and require any broker or
bank to communicate such information to its Customers.
The Service
Provider shall prepare and file, and require to be prepared and filed by any
brokers or banks as to their Customers, with the appropriate governmental
agencies, such information, returns and reports as are required to be so filed
for reporting: (i) dividends and other distributions made; (ii)
amounts withheld on dividends and other distributions and payments under
applicable federal and state laws, rules and regulations; and (iii) gross
proceeds of sales transactions as required.
The Service
Provider shall, upon request by the Fund, on each business day, report the
number of Class C shares, Class F shares, Class R shares and Class 529 shares on
which the administrative fee is to be paid pursuant to this
Agreement. The Service Provider shall also provide the Fund with a
monthly invoice.
The Investment
Adviser shall coordinate, monitor, oversee and assist with the activities
performed by the Service Providers with which it contracts to ensure that the
shareholders of the Fund’s Class C shares, Class F shares, Class R shares and
Class 529 shares receive high-quality service. The Investment Adviser
shall also ensure that Service Providers deliver to Customers account statements
and all Fund-related materials, including prospectuses, shareholder reports, and
proxies.