TCW FUNDS, INC. AMENDMENT TO THE TRANSFER AGENT SERVICING AGREEMENT
Exhibit (h)(1)(l)
TCW FUNDS, INC.
AMENDMENT TO THE
TRANSFER AGENT SERVICING AGREEMENT
THIS AMENDMENT effective as of October 31, 2016, t o the Transfer Agent Servicing Agreement, dated as of September 7, 2005, as amended July 19, 2006, May 30, 2007, June 6, 2007, O ctober 27, 2008, O ctober 11, 2011, March 19., 20 12, October 12,
2012, April 20, 2013 and October 31, 2014 (the “Transfer Agent Agreement”), is entered into by and between TCW FUNDS, INC., a Maryland corporation, (the “Company”) and U.S. BANCORP FUND SERVICES, LLC, a Wisconsin limited liability company (“USBFS”).
RECITALS
WHEREAS, the parties have entered into a Transfer Agent Agreement; and
WHEREAS, the Company and USBFS desire to amend the fees and the length of the Transfer Agent Agreement, and to list the current funds; and
WHEREAS, Section 11 of the Transfer Agent Agreement allows for its amendment by a written instrument executed by both parties.
NOW, THEREFORE, the parties agree as follows:
The Transfer Agent Agreement will continue in effect for a period of two (2) years from the effective date of this Amendment. Subsequent to the two year period, this Transfer Agent Agreement may be terminated by either party upon giving 90 days prior written notice to the other party or such shorter period as is mutually agreed upon by the parties.
Amended Exhibit A of the Transfer Agent Agreement is hereby superseded and replaced with Amended Exhibit A attached hereto.
Amended Exhibit C of the Transfer Agent Agreement is hereby superseded and replaced with Amended Exhibit C attached hereto.
Except to the extent amended hereby, the Transfer Agent Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by a duly authorized officer on one or more counterparts as of the date and year first written above.
TCW FUNDS, INC. | U.S. BANCORP FUND SERVICES, LLC | |||||||
By: | /s/ Xxxxx X. XxXxxx |
By: | /s/ Xxx Xxxxxx | |||||
Printed Name: | Xxxxx X. XxXxxx | Printed Name: | Xxx Xxxxxx | |||||
Title: | President & CEO | Title: | Executive Vice President |
Amended Exhibit A to the Transfer Agent Servicing Agreement – TCW Funds, Inc.
Separate Series of TCW Funds, Inc. at October 31, 2016
Name of Series
TCW Concentrated Value Fund
TCW Conservative Allocation Fund
TCW Core Fixed Income Fund
TCW Developing Markets Equity Fund
TCW Emerging Markets Income Fund
TCW Emerging Markets Local Currency Income Fund
TCW Emerging Markets Multi-Asset Opportunities Fund
TCW Enhanced Commodity Strategy Fund
TCW Global Bond Fund
TCW Global Real Estate Fund
TCW Growth Equities Fund
TCW High Dividend Equities Fund
TCW High Yield Bond Fund
TCW International Growth Fund
TCW International Small Cap Fund
TCW New America Premier Equities Fund
TCW Relative Value Dividend Appreciation Fund
TCW Relative Value Large Cap Fund
TCW Relative Value Mid Cap Fund
TCW Select Equities Fund
TCW Short Term Bond Fund
TCW Small Cap Growth Fund
TCW XXXX Cap Growth Fund
TCW Total Return Bond Fund
FIMM Government Portfolio*
* | An unaffiliated money market fund |
Amended Exhibit C to TCW Funds, Inc.’s Transfer Agent Servicing Agreement – Transfer Agent, Shareholder and Account Services Fee Schedule effective October 31, 2016
Annual Fee Charged Monthly Based Upon Average Net Assets Per Fund Complex
.9 basis point on the first $13 billion
.5 basis point on the next $7 billion
.3 basis point on the next $5 billion
.2 basis point on the balance
$2.00 per closed account over 120,000 closed accounts.*
Services Included in Basis Points are current services performed under Transfer Agent agreement dated September 7, 2005, as amended, ending October 31, 2016 and include the following:
• | Base Fund Fees |
• | Open and Closed Account Fees* (except as noted above) |
• | Shareholder Servicing Calls |
• | Manual Shareholder Transactions & Correspondence |
• | Daily Valuation / Manual 401k Trade |
• | Omnibus transactions |
• | Fan Web |
• | Fan Mail |
• | Vision |
• | Cost Basis Reporting |
• | VPN or T1 Connection |
• | Report Source / Fund Source |
• | Short-Term Trader Reporting |
• | Excessive Trader |
• | 12b-1 Aging |
• | Same Day Cash |
Miscellaneous Expenses Covered by Basis Points.
Including but not limited to toll-free lines, mailing, sorting and postage, stationery, envelopes, service/data conversion, AML verification services, special reports, record retention, lost shareholder search, disaster recovery charges, ACH fees, NSCC activity charges, DST charges, shareholder/dealer print out (daily confirms, investor confirms, tax, check printing and writing and commissions), voice response (VRU) maintenance and calls, excess history, and FATCA.
Additional Services
Services added after October 31, 2016 will be at the then current USBFS fee schedule rates.
Chief Compliance Officer Support Fee (Fund Complex)
• | $3,000 /year |
Fees are calculated pro rata and billed monthly.