8(a)(3)
AMENDMENT
TO THE
TRANSFER AGENCY, DIVIDEND DISBURSING AGENCY AND
SHAREHOLDER SERVICING AGENCY AGREEMENT
WHEREAS, Financial Data Services, Inc. ("FDS") and Xxxxxxx Xxxxx U.S.
Government Mortgage Fund (the "Fund"), on behalf of itself and certain of its
series, entered into a Transfer Agency, Dividend Disbursing Agency and
Shareholder Servicing Agency Agreement effective April 18, 2000 (the
Agreement"); and
WHEREAS, the parties hereto desire to amend the Agreement to reflect
changes in compensation payable to FDS for certain services under the
Agreement.
NOW, THEREFORE, FDS and the Fund hereby amend the Agreement as follows:
1. The parties agree that, in order to more accurately reflect the conduct
of their business relationship, Paragraph 3(f) of the Agreement shall be amended
to read in its entirety: "Notwithstanding anything in the foregoing provisions
of this paragraph, FDS agrees to perform its functions thereunder subject to
such modification, delegation, or assignment (whether in respect of particular
cases or in any particular class of cases) as may from time to time be agreed in
a writing signed by both parties."
2. The parties agree that the compensation payable in connection with
certain accounts will be modified. Pursuant to Section 4 of the Agreement, the
compensation payable to FDS on services for such accounts is set forth in the
Amended and Restated Schedule of Fees attached to this Amendment, which shall
become a part of the Agreement and shall be effective as of July 1, 2001.
IN WITNESS HEREOF, the parties hereto have executed this Amendment as of
this eleventh day of July 2001.
By: /s/ Xxxxxx X. Xxxxx
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Name: Xxxxxx X. Xxxxx
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Title: Treasurer
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FINANCIAL DATA SERVICES, INC.
By: /s/ Xxxxxx Xxxxxxxxxxx
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Xxxxxx Xxxxxxxxxxx
Vice President
Amended and Restated
SCHEDULE OF FEES
XXXXXXX XXXXX U.S. GOVERNMENT MORTGAGE FUND
Transfer Agency and Record-keeping Fees:
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The Fund shall pay monthly the following transfer agency and record-keeping fees
to FDS, unless otherwise noted:
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Annual Account Fee
Distribution Channel Class A & D Class B & C
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Proprietary Retail/1/ $16 $19
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Third Party/2/ $16 $19
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Direct Account $20 $23
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MFA ERISA/3/ 0.10% 0.10%
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BIS Recordkept Plans/4/ $16 $19
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BISYS Recordkept Plans/5/ $19 $19
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Paychex Recordkept Plans/6/ $16 $19
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NOTES:
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1. Shares are sold through Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated
("MLPF&S"), excluding MFA ERISA accounts. Certain MLPF&S fee-based program
accounts are subject to separately negotiated transfer agency and
recordkeeping fees.
2. Shares are sold through broker-dealers other than MLPF&S.
3. Shares held in the MLPF&S MFA (Mutual Fund Advisor) program or any other
program requiring equalization under ERISA. Fees are calculated based on
daily average assets.
4. Shares are sold to participants of a Corporate or Institutional Market Plan,
as that term is defined by Xxxxxxx Xxxxx Benefits and Investment Solutions
("BIS"). This category generally includes plans with more than $3 million in
total plan assets that are recordkept by Xxxxxxx Xxxxx.
5. Shares are sold to participant of a Plan for which BISYS Plan Services, L.P.
is the record-keeper pursuant to certain agreements with Xxxxxxx Xxxxx.
6. Shares are sold to participants of a Plan for which Paychex, Inc., is the
record-keeper pursuant to certain agreements with Xxxxxxx Xxxxx.
7. Fees apply to accounts that are active for any portion of a month.
Out-of-Pocket Expenses:
The Fund shall reimburse all out-of-pocket costs incurred by FDS in the
performance of this Agreement including but not limited to:
. Proxies, proxy solicitation and tabulation costs;
. All forms and statements used to FDS in communication with shareholders
of the Fund or specially prepared for use in connection with its services
hereunder;
. Postage;
. Special mail processing expenses (including, but not limited to, postal
presort, householding, exception extract, and duplicate elimination);
. Envelopes, stationary, forms, blank checks, stock certificates and
supplies;
. Record storage and retrieval;
. Telephone (local and long distance);
. Pre-authorized checks;
. Returned check fees/charges and other similar fees/charges;
. Handling costs or similar supplemental charges imposed by any third-party
vendor delivering goods and services related to the Agreement;
. Fed wire charges, excluding wire to/from Fund custody accounts; and
. Any other costs as mutually agreed by the parties
Estimated miscellaneous out-of-pocket expenses are paid monthly based on an
annualized rate of $0.04 per account. This estimated expense rate may be
increased or decreased periodically, as necessary, to more accurately reflect
anticipated actual expenses. On a semi-annual basis, the actual miscellaneous
out-of-pocket expenses incurred will be compared to the estimated out-of-pocket
expense paid. The appropriate adjustment will be made by FDS Finance or MLIM
Accounts Payable at that time.
Extraordinary Expenses:
The fees and expense reimbursements described above do not cover extraordinary
services, including, but not limited to, administration of a merger or
liquidation. Fees and expense reimbursements in connection with extraordinary
services will be mutually agreed by the parties prior to the performance of such
services.
