THIRD AMENDMENT TO THE FUND ACCOUNTING SERVICING AGREEMENT
THIRD AMENDMENT
TO THE FUND ACCOUNTING SERVICING AGREEMENT
THIS THIRD AMENDMENT dated as of November 16, 2012, to the Fund Accounting Servicing Agreement (the “Agreement”) dated as of March 25, 2010, as amended August 25, 2010 and August 25, 2011, is entered into by and between DOUBLELINE FUNDS TRUST, a Delaware statutory trust (the “Trust”) and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company (“USBFS”).
RECITALS
WHEREAS, the parties have entered into the Agreement; and
WHEREAS, the parties desire to add a Fund and to amend the fees of the Agreement; and
WHEREAS, Section 15 of the Agreement allows for its amendment by a written instrument executed by both parties and authorized or approved by the Board of Trustees.
NOW, THEREFORE, the parties agree as follows:
Amended Exhibit A of the Agreement is hereby superseded and replaced with Amended Exhibit A attached hereto.
Amended Exhibit B of the Agreement is hereby superseded and replaced with Amended Exhibit B attached hereto
Except to the extent supplemented hereby, the Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.
| DOUBLELINE FUNDS TRUST | U.S. BANCORP FUND SERVICES, LLC | |||||||
| By: | /s/ Xxxxxx X. Xxxxxx | By: | /s/ Xxxxxxx X. XxXxx | |||||
| Name: | Xxxxxx Xxxxxx | Name: | Xxxxxxx X. XxXxx | |||||
| Title: | President | Title: | Executive Vice President | |||||
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Amended Exhibit A to the Fund Accounting Servicing Agreement
Fund Names
Separate Series of DoubleLine Funds Trust
Name of Series
DoubleLine Total Return Bond Fund
DoubleLine Core Fixed Income Fund
DoubleLine Emerging Markets Fixed Income Fund
DoubleLine Multi-Asset Growth Fund
DoubleLine Low Duration Bond Fund
DoubleLine Floating Rate Fund
And any other Funds listed in the then current Prospectus.
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Amended Exhibit B to the Fund Accounting Servicing Agreement
FUND ACCOUNTING, ADMINISTRATION SERVICES AND DOMESTIC CUSTODY
Fund Administration FEE SCHEDULE at November 1, 2012
Annual Fee Based Upon Market Value of the Fund Complex:
2.50 basis points on the first $3 billion
| 2.00 | basis points on the first $5 billion |
1.50 basis points on the next $32 billion
1.00 basis points on the balance
Included in Annual Complex Fee:
| • | Advisor Information Source Web Portal access and reports |
| • | Daily compliance testing (Xxxxxxx River Investment Management) |
| • | Start up legal administration services |
| • | Daily performance reporting |
| • | Legal administration for annual updates |
| • | 15c-3 Reporting |
| • | Chief Compliance Officer support |
Portfolio Transaction Fees
$4.00 per book entry DTC transaction/Federal Reserve transaction/principal paydown
$6.00 per short sale
$7.00 per U.S. Bank repurchase agreement transaction
$8.00 per option/future contract written, exercised or expired
$15.00 per mutual fund trade/Fed wire/margin variation Fed wire
$25.00 per physical security transaction
$150.00 per segregated account per year
| • | A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange. |
| • | No charge for the initial conversion free receipt. |
| • | Overdrafts—charged to the account at prime interest rate plus 2. |
Out-Of-Pocket Expenses
Including but not limited to postage, stationery, programming, special reports, systems expenses, proxies, insurance, legal administration projects, XXXXX filing, retention of records, federal and state regulatory filing fees, certain insurance premiums, expenses from Board of directors meetings, third party auditing and legal expenses, pricing services, fair value pricing services, factor services, customized reporting, expenses incurred in the transfer fees, safekeeping, delivery and receipt of securities, shipping, and conversion expenses (if necessary).
| • | Pricing Services (Prices below are based on U.S Bancorp’s primary pricing service which may vary by security type and are subject to change. Use of alternative and/or additional sources may result in additional fees) |
| • | $0.07 Domestic and Canadian Equities/Options |
| • | $0.45 Corp/Gov/Agency Bonds/International Equities/Futures |
| • | $0.70 CMOs/Municipal Bonds/Money Market Instruments/International Bonds/Asset-Backed/Mortgage-Backed/High Yield Bonds |
| • | $1.00 /Fund per Day—Bank Loans |
| • | $2.25 /Fund per Day—Credit Default Swaps |
| • | $2.15 /Fund per Day—Basic Interest Rate Swaps |
| • | $125 /Fund per Month—Mutual Fund Pricing |
| • | $125 /Month Manual Security Pricing (>10/day) |
| • | No Charge—Corporate Action Services |
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Amended Exhibit B (continued) to the Fund Accounting Servicing Agreement
FUND ACCOUNTING, ADMINISTRATION SERVICES, AND DOMESTIC CUSTODY
FEE SCHEDULE at November 1, 2012
| • | Factor Services (BondBuyer) |
| • | $1.50 /CMO/Month |
| • | $0.25 /Mortgage Backed/Month |
| • | $300 /Month Minimum/Fund Group |
| • | Fair Value Services (FT Interactive) |
| • | $0.60 on the First 100 Securities/Day |
| • | $0.44 on the Balance of Securities/Day |
NOTE: Prices above are based on using IDC as the primary pricing service. Alternative source costs may vary. All schedules subject to change depending upon the use of derivatives – options, futures, short sales, etc.
Electronic Board Book Portal—Document Mall
$4,800/year (includes 10 “external” users) – waived
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