EXHIBIT (13)(b)
MATERIAL CONTRACT
SECOND AMENDMENT TO FINANCIAL AGENT AGREEMENT
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SECOND AMENDMENT TO
FINANCIAL AGENT AGREEMENT
THIS AMENDMENT made effective as of the 1st day of June, 1998 amends that
certain Financial Agent Agreement dated December 11, 1996, as amended March 23,
1998, by and between Phoenix Equity Planning Corporation and The Phoenix Edge
Series Fund (the "Agreement") as herein below provided.
W I T N E S S E T H:
WHEREAS, the parties hereto wish to amend Schedule A of the Agreement
to reflect the recently approved fee structure:
NOW, THEREFORE, in consideration of the foregoing premise, Schedule A
is hereby replaced with the Schedule A attached hereto and made part hereof.
Except as hereinabove provided, the Agreement shall be and remain unmodified and
in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed
by their duly authorized officers on this 31st day of July, 1998.
THE PHOENIX EDGE SERIES FUND
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Executive Vice President
PHOENIX EQUITY PLANNING CORPORATION
By: /s/ Xxxxxx X. XxXxxxxxxx
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Xxxxxx X. XxXxxxxxxx
President
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SCHEDULE A
REVISED FEE SCHEDULE
Fee Information For Services as Financial Agent
For its services hereunder Financial Agent shall be paid a fee equal to the sum
of (1) the documented cost of fund accounting and related services provided by
PFPC, Inc., as subagent, to Financial Agent, plus (2) the documented cost to
Financial Agent to provide financial reporting and tax services and oversight of
subagent's performance.
The current PFPC fees are attached hereto and made a part hereof.
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PFPC FEE SCHEDULE
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ASSETS UNDER MANAGEMENT FEES
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$0 - $200,000,000 0.0850%
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$200 - $400,000,000 0.0500%
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$400 - $600,000,000 0.0300%
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$600 - $800,000,000 0.0200%
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$800 - $1,000,000,000 0.0150%
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> $1,000,000,000 0.0125%
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Minimum Fund Fee $84,000
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Additional Class $12,000
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EXISTING PORTFOLIOS:
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Asset Based Fees < $50MM WAIVED
Class Fees - WAIVED
Minimum Fund Fees - WAIVED
NEW PORTFOLIOS (FIRST YEAR):
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Asset Based Fees < $50MM - 50% WAIVED
Class Fees < $25 MM per Class - WAIVED
Minimum Fund Fees - WAIVED
NEW PORTFOLIOS (THERE AFTER):
-----------------------------
Asset Based Fees < $50MM - 25% WAIVED
Class Fees < $25 MM per Class - 50% WAIVED
Minimum Fund Fees < $50 MM - 50% WAIVED
Minimum Fund Fees $50-100 MM - 25% WAIVED
VARIABLE UNIT INVESTMENT TRUST VALUATION AND REPORTING
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$1,500 per Unit Investment Trust
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