EXHIBIT (k)(1)(d)
AMENDMENT NUMBER 3 TO THE TRANSFER AGENCY
AND SERVICE AGREEMENT
This Amendment, dated as of May 14, 2003 is made to the Transfer Agency and
Service Agreement dated March 31, 2000 (the "Agreement") between AIM Floating
Rate Fund (the "Fund") and A I M Fund Services, Inc. ("AFS") pursuant to Article
10 of the Agreement.
WHEREAS, the Fund and AFS desire to amend the Fee Schedule of the Agreement to
reflect minor revisions, and in accordance with Article 11 of the Agreement,
have agreed to execute this amendment to evidence such amendment.
NOW THEREFORE, the parties hereto, intending to be legally bound, hereby agree
as follows:
1. The Fee Schedule is hereby deleted in its entirety and replaced with
the following:
"1. For performance by the Transfer Agent pursuant to this Agreement,
the Fund agrees on behalf of each of the Portfolios to pay the
Transfer Agent an annualized fee for shareholder accounts that
are open during any monthly period as set forth below, and an
annualized fee of $.70 per shareholder account that is closed
during any monthly period. Both fees shall be billed by the
Transfer Agent monthly in arrears on a prorated basis of 1/12 of
the annualized fee for all such accounts.
PER ACCOUNT FEE
FUND TYPE ANNUALIZED
--------- ---------------
Class A, A3, B, C, R
and AIM Summit Fund
Non-Daily Accrual Funds $ 15.20
Class A, A3, B, C and R
Monthly Dividend and
Daily Accrual Funds $ 16.20
AIM Floating Rate Fund $ 17.60
2. Investment Credits
The total fees due to the Transfer Agent from all funds
affiliated with the Fund shall be reduced by an amount equal to
the investment income earned by the Transfer Agent, if any, on
the balances of the disbursement accounts for those funds.
3. Out-of-Pocket Expenses
The Fund shall reimburse the Transfer Agent monthly for
applicable out-of-pocket expenses relating to the procurement of
the following goods and services, as they relate to the
performance of the Transfer Agent's obligations set forth in
Article I of the Agreement, including, but not limited to:
o Remote access, license and usage charges paid by the
Transfer Agent for use of shareholder record keeping and
related systems provided by DST Systems, Inc., and used by
the Transfer Agent to service Shareholder accounts,
including but not limited to:
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o TA2000--Registered Trademark--, the recordkeeping system on
which records related to most Shareholder accounts will be
maintained;
o TRAC2000--Registered Trademark--, the recordkeeping system
on which records related to Shareholder accounts held by
and through employer-sponsored retirement plans are
maintained;
o Automated Work Distributor--Trademark--, a document
imaging, storage and distribution system;
o Financial Access Network, a computer system and related
software applications which will provide the necessary
interfaces to allow customers to access account information
residing on the TA2000 and TRAC2000 systems through
xxxxxxxxxxxxxx.xxx; and
o PowerSelect--Trademark--, a reporting database that AFS can
query to produce reports derived from Shareholder account
data residing on the TA2000 and TRAC2000 systems.
o Client specific system enhancements.
o Computer terminals, communication lines, printers and other
equipment and any expenses incurred in connection with such
terminals and lines.
o Magnetic media tapes and related freight.
o Microfiche, microfilm and electronic image scanning equipment,
production and storage costs.
o Telephone and telecommunication costs, including all lease,
maintenance and line costs.
o Record retention, retrieval and destruction costs, including, but
not limited to exit fees charged by third party record keeping
vendors.
o Duplicating services.
o Courier services.
o Ad hoc reports.
o Programming costs, system access and usage fees, electronic
presentment service fees, data and document delivery fees, and
other related fees and costs paid by the Transfer Agent to Fiserv
Solutions, Inc., which relate to the printing and delivery of the
following documents to Shareholders and to each Shareholder's
broker of record:
o Investment confirmations;
o Periodic account statements;
o Tax forms; and
o Redemption checks.
o Printing costs, including, without limitation, the costs
associated with printing certificates, envelopes, checks,
stationery, confirmations and statements.
o Postage (bulk, pre-sort, ZIP+4, bar coding, first class).
o Shipping, certified and overnight mail and insurance.
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o Certificate insurance.
o Banking charges, including without limitation, incoming and
outgoing wire charges.
o Check writing fees.
o Federal Reserve charges for check clearance.
o Rendering fees.
o Third party audit reviews.
o Due diligence mailings.
o Proxy solicitations, mailings and tabulations.
o Shareholder information and education mailings, including, but
not limited to, periodic shareholder newsletters and tax guides.
o Such other miscellaneous expenses reasonably incurred by the
Transfer Agent in performing its duties and responsibilities.
The Fund agrees that postage and mailing expenses will be paid on the
day of or prior to mailing. In addition, the Fund will promptly
reimburse the Transfer Agent for any other unscheduled expenses
incurred by the Transfer Agent whenever the Fund and the Transfer Agent
mutually agree that such expenses are not otherwise properly borne by
the Transfer Agent as part of its duties and obligations under the
Agreement.
4. The fees and credits described in Paragraphs 1 and 2 above shall first
be allocated to the Institutional Class, if any, of such Portfolio
based upon the number of shareholder accounts holding shares of such
Class relative to the total number of shareholder accounts holding all
Classes of shares in the Portfolio. The Portfolio's remaining fiscal
year-to-date fees and credits described in Paragraphs 1 and 2 above for
shareholder accounts holding Class A, A3, B, C and/or R Class shares of
each Portfolio shall be allocated among such Classes on the basis of
fiscal year-to-date average net assets.
5. Fees payable by the Transfer Agent for Ancillary Services provided to
the Institutional Class, if any, of each Portfolio pursuant to Section
2.04 of the Agreement shall be allocated to such Institutional Class.
The Portfolio's fiscal year-to-date fees payable by the Transfer Agent
for Ancillary Services provided to the Class A, A3, B, C and/or R Class
shares of each Portfolio pursuant to Section 2.04 of the Agreement
shall be allocated among such Classes of each Portfolio based upon
fiscal year-to-date average net assets of each such Class.
6. Out-of-pocket expenses incurred by the Transfer Agent in acting as
transfer agent for the AIM Funds Accounts shall first be allocated
among such funds and portfolios based upon the number of shareholder
accounts maintained by the Transfer Agent for such funds and
portfolios. Such out-of-pocket expenses that have been allocated to a
Portfolio shall be further allocated to the Institutional Class, if
any, of such Portfolio based upon the number of shareholder accounts
holding shares of such Class relative to the total number of
shareholder accounts holding all Classes of shares in the
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Portfolio. The remaining amount of the Portfolio's fiscal year-to-date
out-of-pocket expenses shall be further allocated among the Class A,
A3, B, C and R Class shares of each Portfolio based upon fiscal
year-to-date average net assets of each such Class.
7. Specifically identified fees, credits and out-of-pocket expenses
incurred by the Transfer Agent on behalf of one or more, but less than
all, Portfolios or Classes shall be allocated solely to the affected
Portfolios or Classes using the allocation methodologies described in
paragraphs 4, 5 and 6 above.
8. As used in this Fee Schedule, "AIM Funds" shall mean all investment
companies and their series portfolios, if any, comprising, from time to
time, the AIM Family of Funds--Registered Trademark--, and "AIM Funds
Accounts" shall mean shareholder accounts for the AIM Funds."
2. All other terms and provisions of the Agreement not amended herein
shall remain in full force and effect, except that Amendment Number 1
dated March 31, 2000 is hereby terminated.
AIM FLOATING RATE FUND
By: /s/ XXXXXX X. XXXXXX
-----------------------------
President
ATTEST:
/s/ XXX XXXXXXXX
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Secretary
A I M FUND SERVICES, INC.
By: /s/ XXXX X. XXXXX
-----------------------------
President
ATTEST:
/s/ XXX XXXXXXXX
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Assistant Secretary
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