FEE WAIVER AGREEMENT (UBS Select Prime Preferred Fund, UBS Select Government Preferred Fund, UBS Select Treasury Preferred Fund, UBS Prime Preferred Fund, UBS Tax-Free Preferred Fund and UBS Select ESG Prime Preferred Fund) UBS SERIES FUNDS New York,...
(UBS Select Prime Preferred Fund, UBS Select Government Preferred Fund, UBS Select Treasury Preferred Fund, UBS Prime Preferred Fund, UBS Tax-Free Preferred Fund and UBS Select ESG Prime Preferred Fund)
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Dated as of December 23, 2019
UBS Asset Management (Americas) Inc.
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Ladies and Gentlemen:
1. UBS Select Prime Preferred Fund, UBS Select Government Preferred Fund, UBS Select Treasury Preferred Fund, UBS Prime Preferred Fund, UBS Tax-Free Preferred Fund and UBS Select ESG Prime Preferred Fund (each, a “Fund”) are series of UBS Series Funds, a Delaware statutory trust (the “Company”). Operating expenses of each Fund are annual rates expressed as a percentage of average daily net assets.
2. You hereby agree that you will waive 0.04% of the 0.08% administrative fee otherwise payable to you by each Fund through December 31, 2020.
3. You further agree that you will continue the administrative fee waiver under Paragraph 2 above until the later of December 31, 2020 or the date on which a Fund’s prospectus is updated to reflect superseding waiver arrangements, if any, or the termination thereof.
4. This Agreement shall terminate automatically upon the termination of the administration agreement between you and the Company with respect to a Fund.
5. This Agreement shall be governed by, and construed and enforced in accordance with, the internal laws of the State of New York, except insofar as the Investment Company Act of 1940, as amended, or other federal laws and regulations may be controlling. Any amendment to this Agreement shall be in writing signed by the parties hereto.
If you are in agreement with the foregoing, please sign the form of acceptance on the enclosed counterpart hereof and return the same to us.
UBS SERIES FUNDS, ON BEHALF OF ITS UBS SELECT PRIME PREFERRED FUND, UBS SELECT GOVERNMENT PREFERRED FUND, UBS SELECT TREASURY PREFERRED FUND, UBS PRIME PREFERRED FUND, UBS TAX-FREE PREFERRED FUND AND UBS SELECT ESG PRIME PREFERRED FUND, SEVERALLY AND NOT JOINTLY
| By: | /s/ Xxxxxx Xxxxxxxx |
By: | /s/ Xxxxx Xxxxxx | |||||
| Name: | Xxxxxx Xxxxxxxx | Name: | Xxxxx Xxxxxx | |||||
| Title: | Vice President & Treasurer | Title: | Vice President & Assistant Treasurer |
The foregoing Agreement is hereby
accepted as of December 23, 2019
UBS ASSET MANAGEMENT (AMERICAS) INC.
| By: | /s/ Xxxx Xxxxxxx |
By: | /s/ Xxxxx X. Xxxxxx | |||||
| Name: | Xxxx Xxxxxxx | Name: | Xxxxx X. Xxxxxx | |||||
| Title: | Director and Associate General Counsel | Title: | Executive Director and Deputy General Counsel |
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