CULLEN FUNDS TRUST AMENDMENT TO THE FUND ACCOUNTING SERVICING AGREEMENT
AMENDMENT
TO THE
THIS AMENDMENT dated as
of November 30, 2005, to the Fund Accounting Servicing Agreement,
dated as of September 12, 2005 (the "Agreement"), is entered by and between
CULLEN FUNDS TRUST, a
Delaware statutory trust (the "Trust") and U.S. BANCORP FUND SERVICES,
LLC, a Wisconsin limited liability company ("USBFS").
RECITALS
WHEREAS, the parties have
entered into a Fund Accounting Servicing Agreement; and
WHEREAS, the Trust intends to
create additional funds and desires to amend the fee schedule; and
WHEREAS, the Trust and USBFS
desire to extend said Agreement to apply to the recently added funds and the
fees of the added funds; and
WHEREAS, Paragraph 15 of the
Agreement allows for its amendment by a written instrument executed by both
parties.
NOW, THEREFORE, the parties
agree as follows:
Exhibits
A and B of the Agreement are hereby superceded and replaced with Exhibits A and
B attached hereto.
Except to
the extent supplemented hereby, the 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.
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U.S.
BANCORP FUND SERVICES, LLC
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By:
/s/ Xxxxx X. Xxxxxx
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By:
/s/ Xxx X. Xxxxxxx
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Printed
Name: Xxxxx X. Xxxxxx
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Printed
Name: Xxx X. Xxxxxxx
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Title: President
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Title:
President
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Exhibit
A
to
the
Fund
Names
Separate
Series of Cullen Funds Trust
| Name of Series | Date Added |
| Cullen High Dividend Equity Fund | 08/01/03 |
| Cullen High Dividend Equity Fund C | 10/05/04 |
| Cullen High Dividend Equity Fund I | 10/05/04 |
| Cullen International High Dividend Fund – Retail Class | Effective on or |
| Cullen International High Dividend Fund – Class C | About 12/1/05 |
| Cullen International High Dividend Fund – Class I |
Exhibit
B
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FUND
ACCOUNTING
ANNUAL
FEE SCHEDULE
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Domestic
Equity Funds:
Cullen
High Dividend Equity Fund
$[__]
for the first $[__] million
[__]
basis points on next $[__] million
[__]
basis points on the balance
Multiple
Classes
Each
class is an additional [__]% of the charge
of
the initial class.
International
Equity Funds*:
Cullen
International High Dividend Fund
$[__]
for the first $[__] million
[__]
basis points on the next $[__] million
[__]
basis point on the balance
Multiple
Classes
Each
class is an additional $[__].
Domestic
Balanced Funds*
$[__]
for the first $[__] million
[__]
basis points on the next $[__] million
[__]
basis point on the balance
Domestic
Fixed Income Funds*
Funds
of Funds*
Short
or Derivative Funds*
Tax-exempt
Money Market Funds*
$[__]
for the first $[__] million
[__]
basis points on the next $[__] million
[__]
basis point on the balance
Taxable
Money Market Funds*
$[__]
for the first $[__] million
[__]
basis point on the next $[__] million
[__]
basis point on the balance
International
Income Funds*
$[__]
for the first $[__] million
[__]
basis points on the next $[__] million
[__]
basis points on the balance
*
Subject to CPI increase, Milwaukee MSA.
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Master/Feeder
Funds
Each
master and feeder is charged according to the
schedule.
Multiple Manager
Funds
Additional
base fee:
$[__]
per manager/sub-advisor per fund
Extraordinary
services - quoted separately
Conversion
Estimate – one month’s fee (if
necessary)
NOTE-
All schedules subject to change depending
upon
the use of derivatives – options, futures, short
sales,
etc.
All
fees are billed monthly plus out-of-pocket
expenses,
including pricing, corporate action, and
factor
services:
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$[__] Domestic
and Canadian Equities
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$[__] Options
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$[__]
Corp/Gov/Agency Bonds
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$[__]
CMO's
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$[__]
International Equities and Bonds
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$[__]
Municipal Bonds
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$[__] Money
Market Instruments
●
$[__]
/fund/month - Mutual Fund Pricing
●
$[__]
/equity Security/Month Corporate
Actions
●
$[__]
/month Manual Security Pricing
(>[__]/day)
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Factor
Services (BondBuyer)
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$[__]
/CMO/month
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$[__]
/Mortgage Backed/month
●
$[__]month
Minimum Per Fund Group
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