Exhibit (G) under form N-1A
Exhibit (10) under Item 601/Reg S-K
Amendment #1 to EXHIBIT 1
to the Agreement for
Fund Accounting Services,
Administrative Services
and
Transfer Agency Services
The Agreement for Fund Accounting Services, Administrative Services
and Transfer Agency Services dated September 14, 1998 between Hibernia
Funds and FEDERATED SERVICES COMPANY shall apply to the following
Portfolios:
Hibernia Capital Appreciation Fund
Class A Shares
Class B Shares
Hibernia Cash Reserve Fund
Class A Shares
Class B Shares
Hibernia Louisiana Municipal Income Fund
Class A Shares
Class B Shares
Hibernia Mid-Cap Fund
Class A Shares
Class B Shares
Hibernia Total Return Bond Fund
Hibernia U.S. Government Income Fund
Hibernia U.S. Treasury Money Market Fund
I. Administrative Services
For Administrative, Services provided pursuant to this Agreement, the
Investment Company agrees to pay and the Company hereby agrees to accept
as full compensation for its services rendered hereunder a fee at an
annual rate per Fund, payable daily, as follows:
Maximum Administrative Fee Average Daily Net Assets
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of the Investment Company
.15% on the first $250 million
.125% on the next $250 million
.100% on the next $250 million
.075% on assets in excess of
$750 million
However, the administrative fee received during any year of this Agreement
shall not be less than, or be paid at a rate less than would aggregate,
$50,000, per Fund. In addition to the foregoing minimum, with respect to
a Fund that becomes effective with the SEC after the date of this
Agreement and offers multiple classes of shares, the Company will impose a
minimum of $30,000 for each additional class of shares. With respect to
any Fund that becomes effective with the SEC during the first twenty-four
months of this Agreement, these minimums will not be imposed until the
Fund has been effective for six months.
II. Fund Accounting Services Fee
For Fund Accounting Services provided pursuant to this Agreement, the
Investment Company agrees to pay and the Company agrees to accept as full
compensation for its services rendered hereunder a fee as follows:
ASSETS
First $250 Million 2.0 Basis Points
Next $250 Million 1.5 Basis Points
Next $250 Million 1.0 Basis Points
Excess .5 Basis Points
Minimum fee per year* $39,000
Additional class of shares per year* $12,000
*Minimums will not be imposed with respect to any Fund or class that
becomes effective within the first twenty-four months of this Agreement
until such Fund or class has been effective for six months.
III. Fund Accounting Services Out-of-Pocket Expenses
Out-of-pocket expenses include, but are not limited to, the following:
postage (including overnight courier service), statement stock, envelopes,
telephones, telecommunication charges (including FAX), travel,
duplicating, forms, supplies, microfiche, computer access charges, client
specific system enhancements, access to the shareholder recordkeeping
system, security pricing services, variable rate change notification
services, paydown factor notification services
IV. Transfer Agency Services Fee
For Transfer Agency Services provided pursuant to this Agreement, the
Investment Company agrees to pay and the Company hereby agrees to accept
as full compensation for its services rendered hereunder a fee as follows:
Account Fee (Annual account charge)
(includes system access and funds control and reconcilement)
- Daily dividend fund $16.65
- Monthly dividend fund $ 8.75
- Quarterly dividend fund $ 8.75
- Contingent Deferred Sales Charge (Additionally)
(monthly and quarterly funds only) $ 5.00
- Closed Accounts (per account per month) $00.10
Minimum charges: The monthly maintenance charge for each class will be
the actual account fee or $2,000, whichever is greater.
V. Transfer Agency Services Out-of-Pocket Expenses
Out-of-pocket expenses include but are not limited to postage (including
overnight courier service), statement stock, envelopes, telecommunication
charges (including Fax), travel, duplicating, forms, supplies, microfiche,
computer access charges, client specific enhancements, disaster recovery,
closed account fees, processing fees (including check encoding), and
expenses incurred at the specific direction of the Fund. Postage for mass
mailings is due seven days in advance of the mailing date.
VI. Payment
All fees are annualized and will be prorated on a monthly basis for billing
purposes. Payment is due thirty days after the date of the invoice.
IN WITNESS WHEREOF, the parties hereto have caused this Exhibit 1 to be
executed in their names and on their behalf under their seals by and
through their duly authorized officers, as of September 10, 2001.
HIBERNIA FUNDS
By: /s/ Xxxxxxx X. Xxxxxxxx
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Name: Xxxxxxx X. Xxxxxxxx
Title: Vice President
FEDERATED SERVICES COMPANY
By: /s/ Xxxxx X. Xxxxxxx
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Name: Xxxxx X. Xxxxxxx
Title: Senior Vice President
