Contract
Certain identified information has been excluded from the exhibit because it is both not material and the type that the Registrant treats as private or confidential.
Exhibit for Xxxxx
to the
Name of Series
Xxxxx Total Return Income Fund
Base Fee for Custody Services
Based upon an annual rate of average daily market value of all long securities and cash held in the portfolio*:
____ basis point on the first $____
____ basis point on the next $____
____ basis point on the balance Minimum annual fee per fund – $____
Plus portfolio transaction fees
Portfolio Transaction Fees
$ ____ – Book entry DTC transaction, Federal Reserve transaction, principal paydown
$ ____ – Repurchase agreement, reverse repurchase agreement, time deposit/CD or other non-depository transaction
$ ____ – Option/SWAPS/future contract written, exercised or expired
$ ____ – Mutual fund trade, Margin Variation Wire and outbound Fed wire
$ ____ – Physical security transaction
$ ____ – Check disbursement (waived if U.S. Bancorp is Administrator)
A transaction is a purchase/sale of a security, free receipt/free delivery, maturity, tender or exchange.
Miscellaneous Expenses
All other miscellaneous fees and expenses, including but not limited to the following, will be separately billed as incurred: expenses incurred in the safekeeping, delivery and receipt of securities, shipping, transfer fees, deposit withdrawals at custodian (DWAC) fees, SWIFT charges, negative interest charges and extraordinary expenses based upon complexity.
Additional Services
Additional fees apply for global servicing. Fund of Fund expenses quoted separately.
$____ per custody sub – account per year (e.g., per sub –adviser, segregated account, etc.)
Class Action Services – $____ filing fee per class action per account, plus ____% of gross proceeds, up to a maximum per recovery not to exceed $____.
No charge for the initial conversion free receipt.
Overdrafts – charged to the account at prime interest rate plus ____% unless a line of credit is in place.
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Certain identified information has been excluded from the exhibit because it is both not material and the type that the Registrant treats as private or confidential.
* Subject to annual CPI increase – All Urban Consumers – U.S. City Average. Fees are calculated pro rata and billed monthly.
Third-Party Agent Domestic Securities Lending Support*+
$____ implementation fee per Trust per Third-Party Agent Xxxxxx
Annual Base Fee $____ per Trust per Third-Party Agent Lender
Plus Transaction fees
Third-Party Agent Portfolio Transaction Fees+
$____ - transaction fee will be assessed for each loan, return, and reallocation transactions (loan/return)
+ Each Third-Party Agent Xxxxxx will be invoiced directly
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Certain identified information has been excluded from the exhibit because it is both not material and the type that the Registrant treats as private or confidential.
Additional Global Sub-Custodial Services Annual Fee Schedule
| Country | Safekeeping (BPS) | Transaction fee | Country | Safekeeping (BPS) | Transaction fee | Country | Safekeeping (BPS) | Transaction fee | ||||||||||||||||||||||||
| Australia | ____ | $____ | Hungary | ____ | $____ | Poland | ____ | $____ | ||||||||||||||||||||||||
| Argentina | ____ | $____ | Iceland | ____ | $____ | Portugal | ____ | $____ | ||||||||||||||||||||||||
| Austria | ____ | $____ | India | ____ | $____ | Qatar | ____ | $____ | ||||||||||||||||||||||||
| Bahrain | ____ | $____ | Indonesia | ____ | $____ | Romania | ____ | $____ | ||||||||||||||||||||||||
| Bangladesh | ____ | $____ | Ireland | ____ | $____ | Russia | ____ | $____ | ||||||||||||||||||||||||
| Belgium | ____ | $____ | Israel | ____ | $____ | Serbia | ____ | $____ | ||||||||||||||||||||||||
| Bermuda | ____ | $____ | Italy | ____ | $____ | Singapore | ____ | $____ | ||||||||||||||||||||||||
| Botswana | ____ | $____ | Japan | ____ | $____ | Slovakia | ____ | $____ | ||||||||||||||||||||||||
| Brazil | ____ | $____ | Jordan | ____ | $____ | Slovenia | ____ | $____ | ||||||||||||||||||||||||
| Bulgaria | ____ | $____ | Kenya | ____ | $____ | South Africa | ____ | $____ | ||||||||||||||||||||||||
| Canada | ____ | $____ | Kuwait | ____ | $____ | South Korea | ____ | $____ | ||||||||||||||||||||||||
| Chile | ____ | $____ | Latvia | ____ | $____ | Spain | ____ | $____ | ||||||||||||||||||||||||
| China Connect | ____ | $____ | Lithuania | ____ | $____ | Sri Lanka | ____ | $____ | ||||||||||||||||||||||||
| China (B Shares) | ____ | $____ | Luxembourg | ____ | $____ | Eswatini | ____ | $____ | ||||||||||||||||||||||||
| Colombia | ____ | $____ | Malaysia | ____ | $____ | Sweden | ____ | $____ | ||||||||||||||||||||||||
| Costa Rica | ____ | $____ | Malta | ____ | $____ | Switzerland | ____ | $____ | ||||||||||||||||||||||||
| Croatia | ____ | $____ | Mauritius | ____ | $____ | Taiwan | ____ | $____ | ||||||||||||||||||||||||
| Cyprus | ____ | $____ | Mexico | ____ | $____ | Thailand | ____ | $____ | ||||||||||||||||||||||||
| Czech Republic | ____ | $____ | Morocco | ____ | $____ | Tunisia | ____ | $____ | ||||||||||||||||||||||||
| Denmark | ____ | $____ | Namibia | ____ | $____ | Turkey | ____ | $____ | ||||||||||||||||||||||||
| Egypt | ____ | $____ | Netherlands | ____ | $____ | UAE | ____ | $____ | ||||||||||||||||||||||||
| Estonia | ____ | $____ | New Zealand | ____ | $____ | Uganda | ____ | $____ | ||||||||||||||||||||||||
| Euroclear (Eurobonds) | ____ | $____ | Nigeria | ____ | $____ | Ukraine | ____ | $____ | ||||||||||||||||||||||||
| Euroclear (Non-Eurobonds) | Rates are available upon request | $____ | Norway | ____ | $____ | United Kingdom | ____ | $____ | ||||||||||||||||||||||||
| Finland | ____ | $____ | Oman | ____ | $____ | Uruguay | ____ | $____ | ||||||||||||||||||||||||
| France | ____ | $____ | Pakistan | ____ | $____ | Vietnam | ____ | $____ | ||||||||||||||||||||||||
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| Germany | ____ | $____ | Panama | ____ | $____ | West African Economic Monetary Union (WAEMU)* | ____ | $____ | ||||||||||||||||||||||||
| Ghana | ____ | $____ | Peru | ____ | $____ | Zambia | ____ | $____ | ||||||||||||||||||||||||
| Greece | ____ | $____ | Philippines | ____ | $____ | Zimbabwe | ____ | $____ | ||||||||||||||||||||||||
| Hong Kong | ____ | $____ | Saudi Arabia | ____ | $____ | $____ | ||||||||||||||||||||||||||
* Includes Ivory Coast, Mali, Niger, Burkina Faso, Senegal, Guinnea Bissau, Togo and Benin.
Global Custody Base Fee
A monthly base fee per fund will apply based on the number of foreign securities held. If no global assets are held within a given month, the monthly base charge will not apply for that month.
1– 25 foreign securities – $____; 26 – 50 foreign securities – $____; Over 50 foreign securities – $____
Euroclear – Eurobonds only. Eurobonds are held in Euroclear at a standard rate, but other types of securities (including but not limited to equities, domestic market debt and mutual funds) will be subject to a surcharge. In addition, certain transactions that are delivered within Euroclear or from a Euroclear account to a third party depository or settlement system, will be subject to a surcharge.
For all other markets specified in above grid, surcharges may apply if a security is held outside of the local market.
Miscellaneous Expenses
Charges incurred by U.S. Bank, N.A. directly or through sub-custodians for account opening fees, tax reclaim fees, local taxes, stamp duties or other local duties and assessments, stock exchange fees, foreign exchange transactions, postage and insurance for shipping, facsimile reporting, extraordinary telecommunications fees, proxy services and other shareholder communications, recurring administration fees, negative interest charges, overdraft charges or other expenses which are unique to a country in which the client or its clients is investing will be passed along as incurred.
A surcharge may be added to certain miscellaneous expenses listed herein to cover handling, servicing and other administrative costs associated with the activities giving rise to such expenses. Also, certain expenses are charged at a predetermined flat rate.
SWIFT reporting and message fees.
Adviser’s signature as acknowledgement of the fee schedule shown above is not needed. Xxxxx Capital, LLC signed the fee schedule on September 9, 2020.
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