ROCHDALE INVESTMENT TRUST SECOND AMENDMENT TO THE CUSTODY AGREEMENT
SECOND
AMENDMENT TO THE CUSTODY AGREEMENT
THIS SECOND AMENDMENT dated as
of this 20th day of May, 2009, to the Custody Agreement, dated as of the 10th
day of December, 2004, as amended June 12, 2006 (the "Agreement"), is
entered into by and between Rochdale Investment Trust, a
Delaware statutory trust (the “Trust”) and U.S. Bank, N.A., a national
banking association (the "Custodian").
RECITALS
WHEREAS, the parties have
entered into a Custody Agreement; and
WHEREAS, the Trust and the
Custodian desire to amend the fees of the Agreement and to add a fund;
and
WHEREAS, Article XIV, Section 14.4 of the
Agreement allows for its amendment by a written instrument executed by both
parties.
NOW, THEREFORE, the parties
agree as follows:
Exhibit C is hereby superseded and
replaced with Exhibit C attached hereto.
Appendix
B, the fee schedule of the Agreement, is hereby superseded and replaced with the
Appendix B fee schedule attached hereto.
Except to
the extent amended hereby, the Agreement shall remain in full force and
effect.
IN WITNESS WHEREOF, the
parties hereto have caused this Second Amendment to be executed by a duly
authorized officer on one or more counterparts as of the date and year first
written above.
ROCHDALE INVESTMENT TRUST | U.S. BANK, N.A. | |
By:
_____________________________
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By:
________________________________
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Printed
Name:______________________
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Printed
Name: Xxxxxxx X. XxXxx
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Title:
____________________________
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Title:
Vice
President
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Exhibit
C to the Custody Agreement
Separate
Series of Rochdale Investment Trust
Name of
Series
Rochdale
Fixed Income Opportunities Portfolio (on or after June 30, 2009)
Rochdale
Dividend & Income Portfolio
Rochdale
Intermediate Fixed Income Portfolio
Rochdale
Large Growth Portfolio
Rochdale
Large Value Portfolio
Rochdale
Mid/Small Growth Portfolio
Rochdale
Mid/Small Value Portfolio
0
Xxxxxxxx
X to the Rochdale Investment Trust
CUSTODY
SERVICES FEE SCHEDULE at May 2009
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DOMESTIC
FUNDS
Custody
and transaction services will be fully bundled at a combined rate of two
basis points (2 bps) of NAV, calculated and charged on the calendar
month.
Minimum
Fee………………………………………… $3,500.00 per
fund/per annum
GLOBAL
FUNDS
1. Custody
and transaction services will be fully bundled at a combined rate of
thirteen basis points (13 bps) of NAV, calculated and charged on the
calendar month. This rate shall apply to assets in the
following markets:
Australia France
México Sri
Lanka
Austria Germany
Netherlands Sweden
Belgium Hong
Kong Norway Switzerland
Canada Indonesia Philippines Taiwan
CEDEL Ireland Portugal
Thailand
Denmark Italy
Singapore United
Kingdom
EuroClear Japan
South
Africa U.S.A
Finland Malaysia
Spain
2. Custody
and transaction services in emerging markets shall be unbundled and
determined on a market-specific basis. Charges for certain
emerging markets are:
Market Custody Rate / Mkt.
Value
Transaction Charge
Argentina
40 basis
points
$100.00
Brazil 40
basis
points $100.00
Chile 40
basis
points $100.00
China 40
basis
points $ 50.00
Czech
Republic 40
basis
points $100.00
Greece 50
basis
points $125.00
India 40
basis
points $200.00
Israel 30
basis
points
$100.00
Russian
Federation 50
basis
points $100.00
The
above referenced markets may be subject to additional out-of-pocket
expenses.
Third
Party FX $35.00Federal
Reserve System wires $10.00
Fees
are billed monthly.
*Subject
to CPI increase, Milwaukee
MSA.
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Appendix
B (continued)
to
the Rochdale Investment Trust
CHIEF
COMPLIANCE OFFICER
SUPPORT
SERVICES
FEE
SCHEDULE at May, 2009
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Chief Compliance Officer Support
Services
U.S,
Bancorp provides support to the Chief Compliance Officer (CCO) of each
fund serviced either by U.S. Bancorp Fund Services, LLC or Quasar
Distributors, LLC. Indicated below are samples of functions
performed by USBFS in this CCO support role:
• Business
Line Functions Supported
• Fund
Administration and Compliance
• Transfer
Agent and Shareholder Services
• Fund
Accounting
• Custody
Services
• Securities
Lending Services
• Distribution
Services
• Daily
Resource to Fund CCO, Fund Board, Advisor
• Provide
USBFS/USB Critical Procedures & Compliance Controls
• Daily
and Periodic Reporting
• Periodic
CCO Conference Calls
• Dissemination
of Industry/Regulatory Information
• Client
& Business Line CCO Education & Training
• Due
Diligence Review of USBFS Service Facilities
• Quarterly
USBFS Certification
• Board
Meeting Presentation and Board Support
• Testing,
Documentation, Reporting
Annual
Fee Schedule*
· $2,000 per
service per year (effective January 1, 2008)
Fees
are billed monthly.
*Subject
to annual CPI increase, Milwaukee
MSA.
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